Axelery Trading review – 5 things you should know about axelerytrading.net

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Beware! Axelery Trading is an offshore broker! Your investment may be at risk.

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After thousands of reviews made, we can quickly spot a broker and know for sure it’s a scam scheme. Axelery Trading’s website, for example, has a design we’ve seen probably a hundred times already and we can straightaway say it’s fraudulent. That’s certainly not enough to confirm that Axelery Trading is a swindler broker trying to rip people off their hard-earned money, so we delved deeper to unearth everything you need to know about it. Find out the details in the full Axelery Trading review.

Axelery Trading REGULATION AND SAFETY OF FUNDS

Axelery Trading states it’s a US-based Binary Options broker that’s also holding Cyprus and Belize licenses. Well, that’s nonsense because CySEC and IFSC no longer regulate Binary brokers and it’s more than enough to confirm that Axelery Trading is fraudulent. Still, we researched but found no licensed companies having anything to do with this so-called broker, so it’s a deceiving scam. Your funds would be in danger if you deposit with Axelery Trading.

You should avoid it and consider the high-rated EU brokers and British brokers instead. The European companies are sufficiently regulated and also covered by deposit insurance funds protecting traders and investors’ money. Hence, CySEC brokers’ clients can claim up to 20 000 EUR in case of bankruptcy, while the British guarantees are even up to 85 000 GBP. Axelery Trading can’t offer any protection, but would also be pleased to steal your money and run away as quickly as possible.

Axelery Trading TRADING SOFTWARE

Axelery Trading doesn’t have real trading software and now we are going to reveal even more evidence of a scam. They have simply installed the generic MetaTrader5 terminal in the Client Area, pretending to offer Forex services. Well, people can only trade demo with virtual money, so their so-called platform turns out to be fraudulent. Indeed, Axelery Trading can’t offer even Binary Options, which are actually no longer considered trading instruments. This broker is a pure scam and you should definitely stay away from it and report immediately to the authorities if someone from Axelery Trading is trying to approach you.

Instead, you’d better check the high-rated MetaTrader4 brokers and MetaTrader5 brokers we’d like to offer. MetaTrader distributions are reliable and provide advanced features such as Expert advisors, many complex indicators, and excellent charting tools, to name a few. The platforms also carry a marketplace where traders can browse through 10 000 apps and third-party developed solutions, which may help achieve better results.

So, there are no real-time spreads and leverage levels we can analyze, but we’ll still spend a paragraph on leverage because it’s a very risky aspect of trading. In fact, it’s so dangerous that many financial authorities even decreed regulations to keep its usage under control. As a result, EU, British and Australian brokers have to limit the retail clients to 1:30 for FX majors, while the Canadian brokers and the US brokers can’t provide more than 1:50. Still, risk-tolerant traders can consider the Swiss brokers, which are highly reputable but not leverage restricted.

Axelery Trading DEPOSIT/WITHDRAW METHODS AND FEES

There is no information about deposit requirements, which may seem a miss, but not in this case. The single funding method is said to be Bitcoin, but people can’t directly transfer money. Instead, they need to fill a form with their name and telephone number and submit it to the broker. Once done, scammers will start calling every day all day long to push people to invest as soon as possible. And they won’t let go. One of our mobile gets around 50 scammers calls per day, so make sure to be cautious when dealing with suspicious brokers or other dodgy companies.

While discussing deposits, we’d like to offer our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a preferred e-wallet or a trusted payment system. The high-rated companies are well-regulated, and you won’t face scammers.

Next we got on to more evidence of a scam. Axelery Trading doesn’t have any legal documentation whatsoever. The absence makes their business illegal but also leaves traders unaware of critical trading provisions about withdrawals, fees, inactivity procedures or anything else valuable. In the end, Axelery Trading  offers nothing, but asks for deposits claiming to be a legit business.  Well, it’s not.

Overall, Axelery Trading is a scam scheme we exposed in this review, so you should avoid it.

HOW DOES THE SCAM WORK

Swindling brokers and fraudulent websites appear literally every day. Still, most of the new schemes represent a modification of common fraud that’s not typical for the local markets but similar from country to country.

Nowadays, scammers occupied the Internet and social media. Classical tactics, such as cold calling, became less widespread as the Internet got prevalent. The offers scammers make look legit and present exciting opportunities to invest money in the Forex market. Traders would get reassured that the people behind the broker have an excellent track record and promise high returns, seamless trading and guaranteed profits. The scammers intentionally make people believe Forex trading is risk-free, but the opposite is true in reality.

In a typical scenario, scammers just steal traders and investors money and won’t send a dollar back. Sooner or later, clients would ask for a withdrawal, but the con artists would delay or downright refuse transactions. If traders persist, scammers would find excuses to deny and would even ask for more money or simply cut the communication. Whatever the case, traders are going to lose some or all of the capital invested. At the end, when fraud becomes evident, the scammers would simply rebrand and start afresh, creating a new scheme under a different name.

WHAT TO DO WHEN SCAMMED

Unfortunately, no one is immune to scam. If you get scammed, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

Remember, it’s crucial not to rush blindly to recover your funds because many scam chargeback agencies and individuals are trying to double scam the victims. They ask for upfront payment, take the money but won’t do anything to help you!

Share online your experience; it’s important to protect others, as well. Be responsible

Rich Snippet Data

Reviewer

TheForexReview

Review Date

2021-05-26

Reviewed Broker

Axelery Trading

Broker Rating

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