Axis Capital Markets Review Is Axcap1247.com A Legit Forex Broker

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Axis Capital Markets Review: Is Axcap1247.com A Legit Forex Broker?

Axis Capital Markets Review: this is the name of a Forex and CFD broker that mentions that it is based in the United Kingdom. Is AxCap247 Legit or a scam Forex broker? Some Forex brokers makes false claims about legitimacy, find out some important details about this particular one.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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AxCap247 or Axis Capital Markets claims that it is a brokerage that is located in the United Kingdom. The Financial Conduct Authority (FCA) is in charge of monitoring trades in the country. Checking the list online provided by the commission showed that the company is truly licensed and registered. This is an encouraging find.

Licensed brokerages have rules that are set by the commission they are under. Most of the time, these rules are in place to protect investors. This is the reason why investing with these firms is advised.

Advantages of AxCap247

Axis Capital Markets states that clients are provided with an extensive qualities offering. Their relationship with international brokers also helps them to achieve their aim of Global Equities Trading. Customer support is available 24/7 and funding options are numerous. Simple withdrawal procedures are also touted on the page.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Axis Capital Markets Trading Platform

Axis Capital Markets or AxCap247 offers traders the MT4 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders seem to be majorly Forex, liquid CFDs and Equities. They are the only two mentioned on the page. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

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Maximum leverage offered to clients is 1:400 and while this may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are 1.9 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Axis Capital Markets

The means that traders are to use to make deposits and withdrawals are: VISA, MasterCard, Neteller, Skrill, and Gate2Shop. The fact that some e-wallets are allowed is encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $100 and this is within the obtainable of average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated. Withdrawals requests take up to 72 hours to be processed and completed.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Axis Capital Markets or AxCap247 Licensed?

Yes. Axis Capital Markets or AxCap247 is a properly licensed and registered Forex broker under the Financial Conduct Authority (FCA). This means it is therefore authorized to trade in the UK. Scam brokers cannot meet most of the requirements of obtaining this license.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Axis Capital Markets or AxCap247 Support

In order to get in touch with the brokers or speak to a customer care agent, use the number: +44 (0) 203 026 0320 or the email address: [email protected]

Conclusion

Axis Capital Markets or AxCap247 is a properly licensed broker from one of the most respected Forex authorities. This is why we ranked it high. It also offers trading with MT4 and an affordable minimum deposit requirement. If you have anything to say about this broker, do so in the comment section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Forex Brokers to Avoid

If you trade forex, you need to make sure that your brokers are legitimate and above board – and that you can trust them to help you out. While most forex brokers are decent and honest, not all are. It pays to be able to defend yourself against less scrupulous brokers. Avoiding broker fraud ought to be a priority for people who trade foreign exchange pairs, then – and that’s where we can help. Below is a list of brokers who we have deemed to not be trustworthy for a variety of reasons.

And if you are concerned about a particular broker, contact us with details to alert us with the potential broker fraud going on. From there, we can go ahead and research and review the broker in question and help prevent other users from falling victim to any dodgy practices. And we’ll use this information to keep the list as updated as possible – so check back here for all the latest updates when you can.

Investigated Brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios. Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require.

Below is an up to date list of the brokers which we strongly advise traders to choose to avoid. There are plenty of other brokers out there who are trustworthy – and with these traders below exhibiting behaviours like copying websites of others, receiving warnings from regulators and more, it’s well worth avoiding them as you choose your own preferred provider.

Various global institutions have criticised the range of brokers included on this list. Whether it’s the Australian Securities and Investments Commission or the regulators of nations such as Cyprus, there are organisations on here which have faced the wrath of some of the world’s leading oversight bodies. But, we’ve gone even further and responded to intelligence from our users in order to bring you an up to date list of brokers which, in our opinion, ought to be avoided. (See the full list at the bottom of this page).

Latest added forex brokers to avoid

  • OT Capital. They have gotten a warning from ASIC.
  • EU Capital. They ask you to deposit over and over again. They even try to get you to login to your bank account over a shared screen.
  • MultiplyMarket is a clone of Trading Technologies.
  • BlueTrading have an FCA warning for claiming to be FCA regulated when they in fact are not.
  • Facebook Group Investment/Profits, FBO Trading Signals & Bitcoin investments – They don’t allow withdrawals and block you as soon as you ask for a withdrawal.
  • ECN Capital. They claim to be CySEC regulated but are not.
  • GBCFX – Unregulated broker having issues handling withdrawals.
  • Forex365Options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.
  • Toptrades.co – Not regulated so should be avoided.
  • fx-premium. They are copying the website of JFD Brokers so should be avoided!

Most Trusted Forex Brokers

But despite the fact that there are clearly some untrustworthy web brokers out there in the forex world, it’s also the case that some brokers are more worthy of your trust. Many legitimate forex brokers have taken steps to gain the trust of their users, whether that’s by implementing rules against money laundering or simply by segregating client funds away from the operational funds of the broker’s business.

It’s not always possible to identify the legitimate foreign exchange brokers from first glance – but that’s where we can help. The list below is based on reviews which assess everything from the apps offered by particular forex brokers to the reputations they have among users for fairness.

To see a full list of our trusted foreign exchange brokers, why not check out this table?

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RISK DISCLOSURE

Trading binary options may not be suitable for everyone and may also not be legal in your jurisdiction,make sure you are aware of the risks involved as there could be total loss of capital. Don’t trade with money you cannot afford to lose. Binary Options is prohibited by the ESMA. BestBinaryOptionsWatch.com cannot be held liable for any damage resulting from use of information on this website. The FTC Required Affiliate Disclosure: BestBinaryOptionsWatch.com is a professional review site that is independently owned and as such, opinions expressed here are our own. We receive compensation from companies whose products we review. However our professionals test each products thoroughly and recommend the best.

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