We present to your attention the Axe Trade Capital review. In it, you will find information about a broker inviting you to join millions of traders building their bright future. For this, they offer over 150 assets, ultra-tight spreads, exceptional trading conditions, and many other “exclusive perks.” However, we know well how such generous promises often turn out. That’s why we’ve gathered all the available materials about the project. Read them to avoid becoming a victim of another scam.
- Axe Trade Capital General Information
- Registration and Client Portal Review
- Account Types Review
- Trading Platform
- Axe Trade Capital — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Axe Trade Capital a Scam?
- Legal Information and License
- Axe Trade Capital Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Axe Trade Capital General Information
| Website | https://axetradecapital.com/ |
| Phone Number | Not specified |
| Not specified | |
| Address | Not specified |
| License | None |
| Minimum Deposit | $250 |
| Assets | CFDs |
| Leverage | Up to 1:1000 |
| Trading Platform | Unknown |
Registration and Client Portal Review
The official website of Axe Trade Capital is one of the worst we have ever seen. First of all, its design is truly awful, created by people who have no understanding of proper color selection and image sizing.
However, what the broker presents as content on the pages is even worse:
- In the Regulations section, the broker talks about the importance of the company’s official registration and even mentions that visitors will find the necessary information in the footer of the pages. Unfortunately, placing the registration details there was apparently forgotten.
- The trading platform that traders will work with is unknown. There are mentions of MetaTrader 4, MetaTrader 5, and an unknown web trader. However, there are no links to the web terminal, nor to download the desktop and mobile versions anywhere.
- Market descriptions are more verbose than those of other platforms, with some even providing trading examples. However, there are more accurate and, most importantly, detailed descriptions available on the internet. As for providing the most useful information — contract specifications, the broker hasn’t bothered with that.
- There is also a problem with the documents regulating the relationship between the broker and traders. The only document that meets industry standards is the Privacy Policy. The Terms & Conditions cannot even be called a proper document, let alone a client agreement. Other documents, such as Risk Disclosure, KYC, and AML Policies, are completely absent from the pages.
We would say that the Axe Trade Capital website is created solely for users to log into their Personal Accounts or register, but…
The registration form is not complex. To create an account, a potential client needs to provide:
- First and last name.
- Email address.
- Country of residence.
- Phone number.
They must also confirm their age as 18 or older and agree to the Privacy Policy and Terms & Conditions. However, we still don’t understand why all of this is necessary. After submitting the completed form, the trader receives not a new account but a message saying that their request has been received, and they need to wait until the company contacts them.
With such an organization of the registration process, wouldn’t it be easier to offer traders the opportunity to contact support directly? Specialists could not only talk to the future client but also create an account for them. The time saved would be significant — we are still waiting for them to get in touch. And, according to trader reviews, the wait may continue for weeks.
Naturally, while we are waiting, login to the client area is impossible. Therefore, we unfortunately could not check the look and functionality of the personal account. However, scam brokers have never been known for their creativity. So, we doubt that Axe Trade Capital has come up with something original. Most likely, like many others, it’s limited to a standard set of features.
Account Types Review
Most traders with some experience in trading approach the selection of accounts with great care. They aim to compare the conditions of service and trade execution, choosing the optimal balance between them and the deposit amounts. However, the information provided by Axe Trade Capital will likely disappoint anyone.
First of all, it is quite difficult for the user to understand how many types of trading accounts are offered — three or four. The issue is that on the page with descriptions (if you can call it that) of the rates, only three options are discussed:
- Silver, with a starting deposit of $50,000, floating spreads from 1.2 pips.
- Gold, with a deposit from $100,000, zero spreads (for 90% of the time during the trading day), and trading commissions up to $3.5 per side (up to $7 total).
- Elite, with a deposit from $250,000, zero spreads, and a rebate up to 21% of the paid commission amount.
It is clear that the broker is not modest: if you’re going to assign an account, it’s no less than $50,000. At the same time, information about trading conditions doesn’t allow for an evaluation of the likelihood of profit or loss, potential returns, and risks. We doubt that any experienced trader would choose to trade here, considering that determining the trade conditions will have to be done independently during actual trading (the broker never even mentions the availability of a demo account). Most likely, traders will lose some of their invested funds. Therefore, we are confident that the company primarily attracts newcomers who know little about financial markets.
As for the fourth account, it’s not presented with the others on a separate page. However, its description can be found in the “Standard” section under the Trading menu. Of course, this can’t be called detailed: the broker only mentions the leverage of 1:1000 and the absence of commissions when executing trades. The rest of the trading conditions remain a mystery. We believe that the minimum deposit of $250, which we found in the FAQ, also applies to this account (or the provided information is inaccurate).
In any case, the trading conditions that users can find on the Axe Trade Capital website are completely insufficient to make a well-informed account selection. However, even this minimum might be enough to reject cooperation with this company:
- A leverage of 1:1000 is enormous, and the risks for traders when trading with it go far beyond acceptable limits.
- The deposit amounts for all higher accounts are extremely large. At the same time, there’s no mention of reducing leverage. This means that the likelihood of losing deposits in the tens of thousands of dollars is no lower than the $250 on the Standard account.
- We couldn’t find a complete list of spreads, swaps, and trading commissions for the available trading instruments anywhere. Therefore, traders won’t be able to assess the costs of trading with this broker. It’s possible that it’s far less favorable than the company claims on its official website.
All of this gives us reason to question the honesty of the platform’s owners. Real brokerage/dealer firms do not hide critically important trading conditions. Moreover, they are interested in long-term cooperation with traders and try to limit the level of risks for them, complying with regulatory requirements. With Axe Trade Capital, we definitely do not see this.
Trading Platform
Since we never received an active account, we couldn’t find out which trading platform the company offers to its clients. One thing can be said with high certainty — it’s not MetaTrader 4 or 5, as mentioned on the broker’s website.
Our opinion is based on two facts:
- MetaQuotes does not provide its products to companies without official registration. We are sure that the broker is not registered anywhere (we will show the facts below).
- The company claims that traders can use mobile apps, but there is no mention of mobile versions of MT4 and MT5 on the list of trading servers for Axe Trade Capital.
Axe Trade Capital — Deposit and Withdrawal of Funds
On the company’s website, almost a dozen payment methods are listed, which are used for non-trading operations. These include bank cards and transfers, electronic systems such as Skrill, Neteller, PayPal, etc. The broker only mentions that funds transferred via any of these methods are instantly credited to the trading account. However, there is no mention of transaction limits or commissions.
We tend to think that this variety has nothing to do with the real options for depositing and withdrawing funds. Our confidence is primarily based on the company’s lack of official registration (as mentioned earlier, we will discuss this further), which prevents the opening of corporate bank accounts and cards. This is confirmed by the absence of official payment details for the company on the website. The most a scam broker can do is process transactions via cryptocurrencies or drop accounts. Unfortunately, we were unable to verify this due to the lack of an active account.
Verification
In the documents published by the broker Axe Trade Capital, there is no requirement for client account verification and, naturally, no list of documents required for this process. It’s likely that the corresponding functions are available in the client’s personal account, but without an open account, we cannot confirm this.
It’s worth noting that, in the absence of KYC and AML Policies, such requirements from the company can be considered illegal. Since there are no such provisions in the Terms & Conditions, either, the platform owners cannot collect such personal data.
Additional Options
It would be strange to expect any interesting additional offers from a company that cannot provide traders with critically important information and hides trading conditions. Axe Trade Capital has fully confirmed this assumption. It doesn’t even have:
- A partner program.
- Educational materials, webinars, or live consultations.
- Market news and analysis.
- Additional tools for traders, such as calculators or a simple economic calendar.
Of course, in the FAQ, the company talks about having most of these options. However, we know well that scam brokers don’t offer anything beyond the standard in their personal accounts. They usually forget even what they promise on the official website. Who would remember about things that weren’t even mentioned there?
Is Axe Trade Capital a Scam?
We are almost certain that we are dealing with a scam broker. For those who still have doubts, let’s show what the verification of the broker’s official information revealed.
Legal Information and License
We already mentioned that Axe Trade Capital confidently states the importance of official registration and promised to display registration details in the footer of the website. However, these details never appeared. There is no information about the company’s registration address, office, or phone numbers on any page. We are certain that the company is not registered in any country. We will try to prove this by consulting the Open Corporates database.
As we can see, there are no active companies under the name Axe Trade Capital in the list of over 223 million companies worldwide. Furthermore, there are no relevant results in the extended list, which includes even closed businesses.
This gives us full grounds to assert that the platform operates without official registration. It also lacks a license, although the broker itself admits this. However, it claims that it is ready to provide clients with the highest level of service as if operating under the supervision of an authoritative regulator. But this is nothing more than words.
Thus, the company is virtual, has nothing but a poor website, and operates only online. It also cannot organize legitimate trading. Therefore, everything traders see in the terminal is merely a simulation, and their money has already ended up in the pockets of scammers.
Axe Trade Capital Domain Info
A broker without registration naturally could not specify when it started operating online. However, we can determine this by the domain registration date.
According to the Whois service, the domain axetradecapital.com was registered back in February 2024. However, active operations, judging by snapshots from the web archive, began much later, at the end of September 2024, which coincides with the date of the last significant update.
Thus, the pseudo-platform has been offering services for almost 6 months. However, during this time, its employees did not bother to organize the official website. But this is not surprising for scam brokers.
Contacts Review
On the broker’s contact page, users will find only one way to contact support — a feedback form. There are no addresses, phone numbers, email addresses, social media links, online chat, or messengers — none of this is available for Axe Trade Capital clients. It seems that even the creators of the project did not expect the fake platform to last this long, so they did not intend to spend time or money on additional communication channels.
Pros and Cons
- The minimum entry threshold of €250, which is accessible to the vast majority of traders.
- Lack of official registration, services offered only in the virtual space.
- No license and regulation, illegal brokerage activity.
- Inability to create an account independently.
- All important information is hidden from potential clients.
- The leverage of 1:1000 is excessively large.
The materials presented in our Axe Trade Capital review convincingly prove that the broker does not deserve the attention of traders. The lack of registration, the operation of a pseudo-company without a license, and the trading conditions that the client cannot fully verify confirm this. We have every reason to say that trading on this scam platform is not the best choice, as there is a high risk of losing all invested money.
Frequently Asked Questions (FAQ)
The pseudo-company offers clients access to retail Forex and CFD trading. However, without registration and a license, it only simulates the execution of trades, and in reality, it just collects clients’ money to steal it.
In the FAQ, the company states that the minimum deposit amount is only $250. However, no one can guarantee that the scam broker won’t go after even such a small amount, so we do not recommend sending even that to its accounts.
The fake company has no registration or license, corporate bank accounts or cards. Therefore, it is unreasonable to think that the broker can provide any safety for clients’ operations or funds.
This is a real scam
Never even think about sending money to these scammers at Axe Trade Capital! The fact is that they intentionally lack registration certificates and licenses. These are real scammers. All they want is to persuade you to make a larger deposit, and then they will take both your hard-earned and your own money by any means!
Not a single profitable trade
The scam-broker’s staff from Axe Trade Capital called many times, trying to persuade me to open an account and deposit a large sum. I don’t know what happened to me, but I gave in and transferred almost $30,000 to them. Then the real nightmare began – not a single profitable trade, all the managers’ advice only led to greater losses. I realized that it’s impossible to make money here, and I decided to withdraw whatever I had left. The same day I requested a withdrawal, my account was banned. No one calls me anymore, and support does not respond to inquiries.