BrokersView has reviewed that AXNFX is an unregulated forex broker AXNFX claims to be the trademark of POWER BUSINESS GROUP LIMITED, a company incorporated and registered in Seychelles under the company No: 191108. However, we didn't find any information about its regulation from the Financial Services Authority of Seychelles (Seychelles FSA). So currently AXNFX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

My friend recommended this platform to me. It is reliable? AXNFX is not a licensed or regulated broker even though it states offers that look good to be true.AXNFX claims it is a trademark of POWER BUSINESS GROUP LIMITED, a company incorporated and registered in Seychelles under the company No: 191108. However, we did not find any match results to AXNFX or POWER BUSINESS GROUP LIMITED in the Seychelles regulator Financial Services Authority (Seychelles FSA).The truth is, AXNFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like AXNFX and trade with licensed brokers. View Source