The BCSC issued a warning against AxianceFX On June 23, 2023, the British Columbia Securities Commission (BCSC) issued a warning against AxianceFX, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/axiancefx
AxianceFX
VisitRisk Level - High
AxianceFX
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that AxianceFX is an unregulated broker AxianceFX fails to disclose its regulatory information and licensing data, which is a clear scam indicator, as legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency. This is a red flag. In an attempt to appear real, AxianceFX provides two addresses respectively in Canada and the UK. However, our search for this broker in the registers of the Financial Conduct Authority (FCA) and the Investment Industry Regulatory Organization of Canada (IIROC) didn't yield any results, further proving that AxianceFX operates outside the regulatory framework.In addition, the British Columbia Securities Commission (BCSC) and the Commission Nazionale per le Società e la Borsa (CONSOB) issued a warning against AxianceFX, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.In essence, AxianceFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
The CONSOB issued a Warning against Axiancefx On 19 Ocotober 2023, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Axiancefx was providing financial services or products in the Italy without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-19-october-2023/718268
BrokersView has identified that AxianceFX's website is currently offline BrokersView found that the domain "https://axiancefx.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
I dont want to invest too much money. So is there any limit to deposit? AxianceFX is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.AxianceFX fails to disclose its regulatory information and licensing data, which is a clear scam indicator, as legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency. This is a red flag. In an attempt to appear real, AxianceFX provides two addresses, respectively in Canada and the UK. However, our search for this broker in the registers of the Financial Conduct Authority (FCA) and the Investment Industry Regulatory Organization of Canada (IIROC) didn't yield any results, further proving that AxianceFX operates outside the regulatory framework.In addition, the British Columbia Securities Commission (BCSC) issued a warning against AxianceFX, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.Regarding your question, we strongly suggest you avoid AxianceFX. It is an unlicensed broker, with a warning from a recognized financial regulator emphasizing its risks. If dealing with this broker, investors are exposed to significant risks, such as financial losses and identity theft. Therefore, investors are encouraged to stay away from unlicensed brokers like AxianceFX and instead choose a fully regulated one to mitigate such risks. View Source
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