I’m confused from your reviews! axi.com

By Muhmmad, from United Arab Emirates, January 14, 2022 at 10:57 PM

Hello 55brokers.com. I wanna thank you much for these wonderful website & excellent reviews. I have been trade with Axi.com, now I wanna change them because they getting worse. I considered your website as the best guide to choose my new broker. But I wanna discuss 2 points which confused me really, and I hope to get a clear advice from you. 1st. in the recommended list, Rank 6 Axiory broker, the regulation is IFSC Belize. and form this article https://55brokers.com/forex-brokers-belize-ifsc/ you advice to avoid that Belize regulation .. I’m really confused. So, why you put it in the Top list!!? The problem is .. I chose FBS to be my new broker & it’s work under IFSC (only) for UAE clients like me … should I trust them or what?! 2nd. My last choice now is FP Markets broker, as u recommend it in you reviews. When I called their office in dubai, they said my real account will be under SVGFSA regulation (only)!, not AISC or anything else … Also Axi.com has SAVFSA regualtion leverage 1:400 for UAE clients. so, please can I trust fp markets & axi.com although they put my real account under SAVFSA regulation?? that’s my big question and if the answer is no why you put them again in Top list!!? https://55brokers.com/forex-brokers-st-vincent-the-grenadines/ They said … Due to Australian regulatory announcements relating to the retail OTC derivatives market, Axi has decided to stop accepting and servicing clients who are residents outside of Australia and New Zealand since 30 June 2019. Please I’m looking for your honest advice Always trust you … ((Thanks a million in advanced))

Answer: Hi Muhmmad,

Good Day Muhmmad,

Thank you for your question. Regarding your concerns about trust and reliability of top-listed brokers, we indeed recommend to avoid brokers based and solely regulated in offshore zones like SVG or Belize. However, brokers which hold multiple licenses, including top-tier licenses, and have good reputation may be considered – safe brokers. Axiory is in our list since it provides access to high leverage trading for those traders that understand all risks involved (which is not available anymore at any regulated broker offering).

Also note, brokers that run multiple entities accept clients from some countries and from some not, which is depending on the regulatory requirements and rules, so depending on your residence account can be opened only under certain jurisdictions, due to applicable regulations. We recommend you to contact customer service of the brokers you consider and check all the necessary details until you find a match.

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