Axiom-Trade.pro review – 5 things you should know about axiom-trade.pro

Axiom-Trade.pro review – 5 things you should know about axiom-trade.pro

Rating: 1

Beware! Axiom-Trade.pro is an offshore broker! Your investment may be at risk.

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Axiom-Trade.pro presents us with a very nice interface and a convincing website that seems to be able to convey a positive message about the broker. But we are not so easily fooled, especially when presented with such a good looking website, for as we have learned, some of the most scammer brokers rely mainly on visuals to please and attract users. Thus we present the following review, in which we will attempt to disassemble Axiom-Trade.pro.

We start of with a registration, which was actually the first of many signs that one should not trust Axiom-Trade.pro. The process of creating an account was the exact same one we have seen over a hundreds times, each time with an unregulated broker. The leading user area was no different from what we expected. The EUR/USD spread we got, from a familiar web trader, was 3 pips, which is a value that is not lucrative to traders and is, in fact, only favorable to the broker. The leverage was capped at 1:100, and the tradeable assets that Axiom-Trade.pro offers are forex currency pairs, commodities, cryptocurrencies, indices, and shares.

The website of the firm is available in English, German, Russian, Italian, and Romanian, which is a language we don’t see to often with brokers.

AXIOM-TRADE.PRO REGULATION AND SAFETY OF FUNDS

The one dominant claim that the broker keeps making is its address of operation in the Commonwealth of Dominica. This is a country that does not have an FX regulator, and as such does not issue licenses to brokers. Over the last year or so, many illegitimate brokers have been flooding this small nation, and it seems to be becoming a top scammer FX broker destination. One thing is certain about Axiom-Trade.pro- it is not regulated in the Commonwealth of Dominica.

So where is Axiom-Trade.pro regulated? Well, no where. There is no further evidence to support the claim that Axiom-Trade.pro is regulated anywhere. The legal documents hold no regulatory information, and speaking of the legal docs, we found that the terms and conditions were very short and uninformative, which can be a dangerous thing, especially with scammer brokers.

In conclusion, Axiom-Trade.pro DOES NOT COME WITH A LICENSE, and as such a broker is a risk not only to all invested funds, but also to all personal detail provided.

Investing in unregulated brokers is kissing your money goodbye. Always look for a license before investing into a brokerage, most preferably from either the  FCA or CySEC, but also from other renowned agencies. These regulators have strict rules and prerequisites that all brokers must follow, or otherwise, penalties or foreclosure may follow! What’s special about the FCA and CySE said that they offer reimbursement schemes to all users of brokers that they regulate, covering their losses if the broker becomes insolvent.  CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

AXIOM-TRADE.PRO TRADING SOFTWARE

We are all too familiar with this trading software. Never once have we seen it being used by a regulated broker, which is a pity, because there is some potential here.

live news feed, price alerts, pending orders, limited chart tools, time frames, one-click trading, stop-loss, and take-profit. If we have to be honest, the trading software at use here is not all that bad, and can be a good starting point for rookie traders. It’s too bad that the broker using it is not worth it.

AXIOM-TRADE.PRO DEPOSIT/WITHDRAW METHODS AND FEES

As quoted from the user area, the one reliable source for this type of information, the minimum deposit is $250, and the payment methods are PayTrio and credit card.

From the withdrawal area in the dashboard we learn only that requests are processed in 24 hours. The methods for withdrawing should be the same as the depositing ones. The Deposit and Withdrawal policy reveals that there are handling charges, but we never learn what they area, because Axiom-Trade.pro is unlicensed and therefore is not bound by any rules.

A perfect example of the broker’s illicit nature is the notorious Non-Deposited Funds clause, which sees all profit gained from trading absolute, in that clients cannot withdraw their profit. We encounter this clause only with the most scammer of brokerages!

Overall, no one is safe when investing in Axiom-Trade.pro. All your personal details as well as your money is at risk!

How does the scam work?

Online ads that seem extravagant, promising impossible returns, are the entry point into an investment scam.

When a user clicks on the ad, he or she will be redirected to one of the following: a scammer broker site or an intermediary website. The user will then be asked to provide a phone number or a phone number.

Giving in to these ads will lead to a deposit, initiated by the first level of fraudsters, whose skill as negotiators should not be underestimated. Once an initial deposit is made, the user has entered the scam.

The core fraudsters, a.k.a “account managers”, will try to keep users invested in the scam until the user does not realize he/she is being scammed. Usually, it takes around 2 to 3 deposits to realize something is off. The fraudsters might pay some profits, just to keep the client invested.

Once the client realizes she is being scammed, the broker would have either closed her account, shut down the entire website, or simply will not allow for a withdrawal.

What to do if scammed?

A credit or debit card scam is one in which users can most easily get their money back, through a chargeback procedure. MasterCard and VISA have a chargeback period of 540 days.

If the user has given the scammers money through a bank transfer then they must ASAP change bank account username and password and only then proceed to contact the bank, asking them for direct help.

Money invested through a crypto wallet is gone for good, because crypto transactions are untraceable!

Users might stumble upon these so-called recovery agents or agencies. They will say that they can recover lost funds in return for a hefty service fee. Needless to say, after the user falls for this, these agents will never be heard of ever again!

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8 Comments

  1. I’m Stroe ioana (Romania) and I was fooled by Axiom-Trade, the one with the green and black logo instructed me to lie that I lost (approximately) $ 1600, I don’t answer anymore, I have pictures taken during the so-called transactions.
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    Sunt Stroe ioana (Romania)si am fost pacalita de Axiom-Trade cel cu sigla cu verde si negru mi au indrugat la minciuni de am pierdut(aproximativ)1600$ nu mai imi raspund am poze facute in timpul asa ziselor tranzactii .

    1. Did you manage to get your money back? I ask you because I suffered it too and I saw it after we were from Romania. I think maybe we can make a common complaint and if we are more maybe we are taken into account. You can find me on Facebook. Respectfully, Gina Gosa
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      Ai reușit sa îți recuperezi banii? Te întreb pentru ca am patit-o și eu și am văzut după că-ți suntem din România. Ma gândesc poate reușim sa facem o plângere comuna și dacă suntem mai mulți poate suntem luați în seama. Ma poți găsi pe Facebook. Cu respect, Gina Gosa

      1. Did you manage to do anything? I am in the same situation as many others. Maybe we can make a common front, if there are more of us. Don’t be fooled. Please contact me. You can also find me on Facebook. Respectfully !
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        Ati reusit ceva sa faceti ? Sunt in acelasi situatie ca multi altii. Poate reusim sa facem front comun, daca suntem mai multi. Sa nu ne lasati pacaliti. Va rog sa ma contactati. Ma gasiti si pe facebook Berti-Stefan Horvath. Cu respect !

  2. I invested about 5000 euros in Axiom trade starting from June 26th 21. until yesterday, although requested, they did not tell me that there was an insurance to be paid in percent of the sum to be withdrawn. It seems that Axiom has transferred the money to a company that takes care of the exchange, in this case BTC / euro, and in this case they ask me for 4500 euros to guarantee the transaction. I should receive 45,000 euros ….. someone can tell me whether to trust or not?
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    ho investito in Axiom trade circa 5000 euro a partire dal 26 giugno 21. fino ad ieri, sebbene richiesto, non mi avevano detto che c’era una assicurazione da pagare in percento alla somma da ritirare. Sembra che Axiom abbia trasferito i soldi ad una società che si incarica del cambio, in questo caso BTC/euro, ed in questo caso mi richiedono 4500 euro per garantire la transazione. dovrei ricevere 45.000 euro…..qualcuno sa dirmi se fidarmi o no?

  3. Did you paid the insurance?

  4. I am cheated by two brokers Constantin Ursu and Dumitru Lungu with 15,000 Euros, I would like someone from the axiom to contact me. Thanks !
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    Sunt inselat de doi brokeri Constantin ursu si Dumitru Lungu cu 15.000 Euro as dori sa ma conacteze cineva de la axiom. Multumesc !

    1. I will file a complaint with INTERPOL!
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      Voi face reclamatie la INTERPOL !

    2. I also had to deal with Ursu. There are many of us, we should complain together.
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      Tot cu Ursu am avut de a face si eu. Suntem multi, ar trebui sa facem impreuna plangere.

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