BrokersView has found that AXP appears to be a scam AXP claims to be registered in Iraq and states it is licensed by the Iraqi Ministry of Commerce. However, the Iraqi Ministry of Commerce does not regulate forex or financial trading activities. In fact, Iraq currently lacks a dedicated, robust regulatory framework for retail forex trading, and any entity offering such services from within Iraq should ideally hold authorization from a reputable international regulator to ensure credibility and client protection. AXP also claims to have offices in the United Kingdom and Lebanon. Yet, our checks with the UK Financial Conduct Authority (FCA) and Lebanon’s Capital Markets Authority (CMA) found no record of AXP or its stated legal entity, AX Financials Limited, in either regulator’s official registers. As a result, AXP operates without oversight from any recognized financial authority. Therefore, AXP appears to be a scam.

AXP, did they get license? Dear Investor, AXP claims to be registered in Iraq and states it is licensed by the Iraqi Ministry of Commerce. However, it is important to note that the Iraqi Ministry of Commerce does not regulate forex or financial trading activities. In fact, Iraq currently lacks a dedicated, robust regulatory framework for retail forex trading, and any entity offering such services from within Iraq should ideally hold authorization from a reputable international regulator to ensure credibility and client protection. AXP also claims to have offices in the United Kingdom and Lebanon. Yet, our checks with the UK Financial Conduct Authority (FCA) and Lebanon’s Capital Markets Authority (CMA) found no record of AXP or its stated legal entity, AX Financials Limited, in either regulator’s official registers. As a result, AXP operates without oversight from any recognized financial authority, meaning client funds are not protected. Given these serious deficiencies, we strongly advise against trading with AXP to protect your funds. View Source