AixoFx transfers your hard-earned funds to offshore accounts where they cannot be traced. Issuing a chargeback is going to be a huge nightmare.
AixoFx claims it is an award-winning education provider. The broker is targeting newbie traders who are starting their trading process. They have a referral program. Once you invite a new member to the platform, you get $50. The venture granny free learning material to all its clients.
It is a great devotion when an investment scheme tries to educate customers. We didn’t have the pleasure of checking out the materials. Therefore, we cannot validate whether the information is beneficial to the export traders.
AixoFx is trading forex, indices, and cryptocurrency. They are targeting traders from every corner of the market. You only need a trading device. Whether in the office or Barbados on your holiday vacation, you can use this platform. The problem is that this venture does not mention anything about its legitimacy.
For every investment entity to operate legally, they ought to have a license. Unfortunately, this is a fraud that breaks the law as it pleases without minding the rules of the regulatory bodies. The main drawback of the offshore scheme is that their survival in the industry is limited.
This does not mean they disappear permanently. Once a scheme is exposed as shady, they will exit the industry, purchase a new domain name and carry on with their ambiguity. This is why we urge investors to only deal with the best forex trading companies in the market. These are entities operating in complete transparency.
A major worrying factor is that AixoFx is an anonymous broker. The people that are behind the scheme ensure they perfectly hide their identity. It is impossible to trace them down, leave alone knowing their qualification in the financial sector. It is ironic and, at the same time, unwise to entrust your money to such individuals.
This is a dangerous offshore scheme. Traders should be wise enough to detect the red flags that the scheme displays. Whoever is responsible for this platform does not care about traders’ needs. Their only concern is that they keep getting money from their victims.
Aixofx does not feature banking information. There is no segregation of funds which is riskier to traders. Why would anyone grant the entity the benefit of the doubt, yet it is crystal clear that they are to no good? Avoid installing software that the platform may recommend, like AnyDesk, as they grant remote access to your account. Be mindful of the fraudsters. The number of scammers continues to surge. Their main targets are traders starting their investment journey.
Trading Conditions of AixoFx
The entity allegedly offers an MT5 trading interface. The company proclaims it goes out of its way to present innovative trading tools and a user-friendly platform. Investors can also buy the AixoFx purchase when performing their trades to protect them against risks.
One thing is that the assets that the entity avails are volatile. The legit schemes try to minimize the risk, but they cannot entirely be eradicated. Another thing is that this company is misusing the MT5 reputation to hide its murkiness.
The link leading to the software is broken. Hence, the scheme is only bluffing. MetaTrader is a prominent and promising interface. It does not come cheaply, and users can utilize several indicators, EAs, and prolific charting tools.
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It appears that AixoFx lacks a trading platform. Therefore, the trading conditions it advertises are null. It guarantees clients 1:1000 leverage. This is enough proof that the entity is operating illegally as several financial agencies are against the ratio. The highest that the watchdogs approve is 1:50; that is the Canadian and the USA bodies.
Withdrawal and Deposits
The least amount that traders can deposit at AixoFx is $100. The payment methods are; Credit and debit cards, e-wallets, and wire transfers. Unfortunately, we could not verify whether this is indeed what the platform is taking. The safest option is bank cards. You can issue a chargeback from up t0 540 days.
This is a satirical investment scheme that fails to avail the legal documentation. It is a significant offense that you won’t find legit brokers committing. The terms and conditions policy is a guiding policy that binds the company.
We are not aware of the withdrawal requirement of AixoFx. Investors should not expect to make money with this nasty scheme. Find a genuine platform that clearly outlines their conditions.
Regulation Status of AixoFx
The broker falsely claims it has a license from South Africa, Japan, the British Islands, Australia, the EU, and Australia. It would help if you were wary of any entity that has the capacity of faking its regulatory status. Fund safety is a luxury that you should not expect from dubious brokers.
Investors are only going to lose their funds. The company is not following any rules set by the financial bodies in all the funds they collect. Unregulated platforms like AixoFx are super dangerous. They exit the market unceremoniously. There is no evidence that the entity is trading. Trusting the company will only make you lose funds. The scheme does not report their daily trading activities to the authority. Hence, price manipulation is an easy thing for them.
AixoFx transfers your hard-earned funds to offshore accounts where they cannot be traced. Issuing a chargeback is going to be a huge nightmare. Investors should only trust the well-regulated platforms in the market. Your money is secure with CySEC, ASIC, FCA, or NFA licensed brokers.
Contact Details and Customer Support
One of the best determinants of whether a company is genuine is its effort in disclosing its operating location. AixoFx is an exception as the entity features a fake address. The firm’s origin is a mystery that nobody can resolve. Of Course, the con artists behind the platform wouldn’t risk exposing their whereabouts.
The venture has a phone number and an email address. Considering how they operate, their support shall be unreachable. The broker also lacks testimonials from their customers. Investors should ask themselves if the company is good as they praise themselves. Why are clients not endorsing them?
Stay away from Aixofx lest you lose all your savings. The best investment scheme will have a responsive and professional support team ready to handle your query.
The Domain Insight
Aixofx.com is a venture that claims to have won an award in 2020 for being the best broker. However, upon checking the company on Whois.com, we discovered the website was officially registered in July 2021. Therefore, the scheme is less than a year old, and the domain is expiring after a year. It would help if you did not waste your time with a retching broker. Their traffic is low. An indication that traders are disinterested in the services of AixoFx.
AixoFx displays numerous red flags. We are unaware of the individuals behind the scheme. The company is uncensored about featuring its trading conditions. Hence, it is impossible to understand the withdrawal terms. Another worrying factor is that the broker lacks a license.
Avoid investing with them and only deal with the best forex trading schemes in the market. These are genuine companies with the best trading conditions and trading platforms. You will earn real-time profits with them.