Axe Markets Group Review
Table Of Contents
| 🌐 Website | axemgl.com |
| 🏠 Company | Axe Markets Group Limited & SING UNITED TRADING CO. |
| 📌 Address | Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH |
| ☎️ Phone | N/A |
| support@bcpgltd.com | |
| ⚖️ Regulation | Unregulated |
Axe Markets Group Details
Axe Markets Group is an online trading broker owned by Axe Markets Group Limited & SING UNITED TRADING CO.. The company is located at Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH.
To contact Axe Markets Group, their support team can be reached via phone at N/A or by email at support@bcpgltd.com.
Their website can be found at : axemgl.com
It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including Axe Markets Group.
To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: Broker Major and Vertex247 Options.
Traders Opinion
The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other traders who have already used the same service, and have expressed their opinions and feedback online on various forums.
Reading reviews from other traders who have experienced Axe Markets Group firsthand is crucial in determining the broker's reliability. These reviews offer insights into the platform's functionality, customer service, and overall trading experience, allowing potential investors to make informed decisions.
After conducting some research on various social media platforms (Facebook, Twitter, Instagram), as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Axe Markets Group. Based on this user feedback, it appears that Axe Markets Group is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.
There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
How To Withdraw From Axe Markets Group?
If your funds are stuck in your Axe Markets Group account, you should try to reach out to them first and request a withdrawal by every possible means so that you have proof to show authorities later on if they refuse to process your withdrawal.
Unfortunately, Axe Markets Group is not regulated or authorized to operate by any major regulatory authority, which means it will be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account for trivial reasons.
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
Investing time in research before trying to invest on a suspicious broker can save you from potential losses and unnecessary stress.
Read more about this topic in our dedicated article: Financial Regulation Authorities.
Is Axe Markets Group Legit or a Scam?
When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company.
When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction.
Some examples of regulatory authorities that issue brokerage licenses are:
- The Cyprus Securities and Exchange Commission (CySEC)
- The Financial Conduct Authority (FCA)
- The Australian Securities and Investments Commission (ASIC)
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
How Online Trading Scams Work?
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in.
Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when trying to invest in trading platforms.
More info about trading scams:
Got Scammed by Axe Markets Group?
If you have lost money with Axe Markets Group, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
Chargeback Is Your Solution!
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you for your chargeback process:
- 24/7 availability: Get help whenever you need it.
- Free consultation: Evaluate your case without any upfront costs.
- Quick processing: Expedite the recovery of your funds from Axe Markets Group.
- High success rate: Boost your chances of successful fund recovery.
Relying on a reputable service like MyChargeBack is crucial when dealing with online scams, as the typical chargeback process can often be complicated and time-consuming without the proper guidance.
5 Simple Steps to Get a Chargeback From Axe Markets Group
Follow our straightforward guide to efficiently reclaim your lost funds from Axe Markets Group with minimal hassle.
Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with Axe Markets Group and prepare for the consultation.
Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from Axe Markets Group.
In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
Fee Payment: Upon successful recovery of your funds lost to Axe Markets Group, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.
Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from Axe Markets Group with minimal inconvenience.
FAQs
Is Axe Markets Group a Legitimate Company to Trade With?
Unfortunately, Axe Markets Group is not a trustworthy company to deal with, as they are not registered or regulated by any major regulatory authority, such as the Financial Conduct Authority (FCA).
What Are the Risks of Using Axe Markets Group?
The risks involved in using unregulated companies like Axe Markets Group include the inability to file a complaint with a credible regulatory authority in case of a dispute.
What Should I Do If I Have Been Scammed by Axe Markets Group?
First and foremost, report the incident to your local authority department. If no resolution can be reached, there is still hope to recover your funds from Axe Markets Group by attempting to open a chargeback case with your bank or credit card provider.
How Can I Get Help for Filing a Chargeback Case?
Since the process of filing a chargeback case can be relatively complex and time-consuming, we recommend seeking assistance from our partner, MyChargeBack, by completing the form provided on top of the page.
In the event of an exceptionally complex case they may require an upfront fee, as building your case will necessitate initial resources. Otherwise, if successful, MyChargeBack will be compensated by retaining a percentage of the recovered funds from Axe Markets Group, typically around 20%.
How Can I Avoid Being Scammed Online?
To prevent falling victim to scams in the future, always ensure that you deal with legitimate companies that are fully regulated by major regulators, such as the FCA.
getaxemarketdown@gmail.com says:
Watch out before you send them money. STAY OUT.
Those very well trained people only want one thing; you making deposits, as many and as high as possible. You’ll get nothing in return.
There is over €446.000,00 on my account and I don’t get a withdrawal of 100k to get back what I put into it.
I haven’t had 1 withdrawal yet, to cover up the investment I’ve made!!!!!
Before that,
My account manager Hellen Miller did twice the same trick. She reopened (a deposit was needed for that) twice, positions that have been closed automatically, but she took, on purpose, the wrong ones. The balance came down and a new deposit had to be done, again. I got 2 responses: one is twisting the truth around so it became my own mistake, second, only one solution: deposit.
Something is really wrong here,
I found out now that they manipulate your balance with bringing in and out. I can’t see all my deposits on the place where they should stand. Same story about the withdrawals.
About that withdrawal, she sent me the proof of leaving to my binance-wallet, with her name on it. How is that possible? I still haven’t received it! The test payment of €10, haha that one I did.
I asked for the TxID, there isn’t because the money bounced back to my balance. What? There always is! But the proof sche sent was to get me to make a new deposit!!! So watch out!!!
And only possible passing Binance?
I was supposed to make over 150k today, A deposit of 50k, bonus 50k and withdrawal of 100k was the deal. Can you guess which part didn’t work out like promised? Hellen surprised me again with a margin level call, so instead of making money, positions will close down again automatically. You know where that leads us too… and it was not in a friendly way she asked, it was threatening, aggressive.
(She brought back in an old position of oil, 85k negative, it makes that there is no profit to take elsewhere, and later on, it closed by itself with a loss of 117k)
This is not a broker, this is stealing. These people are thieves.
Always promises about an immediate withdrawal, so they only work with the bonus, making you use money you need for other things. Believe me, they don’t care. Once she wrote: ask someone else for money.
(There are screenshots of everything I am telling here)
I really don’t get where they get positive reviews from. Because of that, I stepped in. Did they try it? Before you get positive, yes it looks nice, on their website, but try to make some money there. It won’t happen. You will be robbed.
By the way,
The real company name: Intel Ledger – Linerum OU
Real address: Harju maakond, Tallinn, Lasnamäe linnaosa, Väike-Paala tn2, 11415, Estonia
Estonia!!!!!
AND THEREFORE:
This is an invitation to send me your story of axe market and I hope that we will all stick together and get back our money.
The more people we find, the better we can fight!
getaxemarketdown@gmail.com
(to the people that have to read before publishing, help us out here and be a part of stopping these thieves, letting my email on the page)
John McCallum says:
I have been tricked into inceasingly invest my life savings ($70,000) into the Axe Market platform and now I am told the market has taken a downturn and unless I invest a further $50,000 otherwise I lose the all my investment and profits.
I hope you can help me find a way to help me recover my investment
John says:
I have been encouraged over a 2 week period against my better judgement to continually increase my investment with Axe Marketing. They have knowingly cleaned out all my savings and credit card limit ($70,000) AUD and now tell me the market has taken a downturn and in order to save my investment and considerable profits I have to find another $50,000AUD or all will be lost in any moment.
I appreciate I didnt do enough due dilligence and now find myself in a compromised position and look like losing it all