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AXFX -

Score

1.50 /10
Danger

AXFX

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

https://axfxpv.com/

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.94

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

AXFXPV LTD

Company Abbreviation

AXFX

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2025-05-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 001287576) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

6 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

It’s been a month since I made a withdrawal and it still hasn’t arrived.

I applied for a withdrawal on December 7, 2023, but it never arrived, and there was no reply when I contacted them.

LINGBING
2024-01-08 11:49
Unable to Withdraw

Unable to withdraw money, black platform.

Unable to withdraw money, the platform is black. It has been more than two months since I submitted the withdrawal request, but it has not been processed yet.

DONGXIANSHENG158
2024-01-28 23:20
Unable to Withdraw

Unable to withdraw funds

It was delayed for more than a month without processing, and the withdrawal was refused. It was said that it was a problem with the withdrawal channel, and the withdrawal time was not specified.

FX3146925701
2023-10-26 10:27
Unable to Withdraw

Commission withdrawals last for more than six weeks, and withdrawals from trading accounts last for more than one week.

I applied for transaction commission withdrawal on December 27, 2023. I communicated with the manager and he always said he would help me follow up. But there is no progress. The remaining net value of my trading account is 13505.29 to apply for withdrawal. Five days have passed now. I communicated with the company’s manager, Lin Shijie, and he promised to help follow up, but the money has never been received. Please help to solve it.

Highway
2024-01-25 22:10
AXFX · Company summary

Note: AXFX's official website: https://axfxpv.com/ is currently inaccessible normally.

AXFX Review Summary
Founded2022
Registered Country/RegionAustralia
RegulationASIC (Revoked)
Market InstrumentsForex, precious metals, CFDs, and stock index
Demo Account✅
LeverageUp to 1:400
SpreadFrom 1.8 pips (STP Standard account)
Trading PlatformMT4
Min Deposit$100
Customer SupportPhone: +61 2 8036 8388
Email: cs@axfx.com

Founded in 2022, AXFX is a brokerage firm based in Australia. It offers forex, precious metals, CFDs, and stock index trading with leverage up to 1:400 and spread from 1.8 pips on the STP Standard account. Demo accounts are available via the leading MT4 platform. However, the official website is currently inaccessible and the regulatory status is revoked.

AXFXs homepage

Pros and Cons

ProsCons
Availability of MT4 trading platformASIC revoked
Wide range of trading instrumentsInaccessible website
Multiple account typesWide spreads
MT4 available
Demo accounts

Is AXFX Legit?

Regulated CountryRegulatorRegulated EntityStatusLicense TypeLicense No.
Is AXFX Legit?
Australia Securities & Investment Commission (ASIC)AXFXPV PTY LTDRevokedAppointed Representative (AR)1287576
Regulated by ASIC
Is AXFX Legit?

What Can I Trade on AXFX?

Tradable InstrumentsSupported
CFDs✔
Forex✔
Precious Metals✔
Stock Index✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
Forex

Precious metals

CFDs

Stock index

Account Type

AXFX offers three kinds of live accounts: STP Standard, ECN Advanced, and VIP Institutional with the minimum deposits of $100, $20,000 and $50,000 respectively.

STP Standard account

ECN Advanced account

VIP Institutional account

Leverage

Account TypeMaxLeverage
STP Standard1:400
ECN Advanced1:400
VIP Institutional1:100

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

AXFX provides the STP Standard account spreads starting from 1.8 pips. In contrast, the ECN Advanced account offers tighter spreads from 1.0 pips. The VIP Institutional account starts from 0.1 pips.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4✔Mobile (iPhone & Android), computer (PC & Mac), tablet (iPad & Android)Beginners
MT5❌/Experienced traders
Trading Platform

User Reviews

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User comment

5

Comments

Write a review

純爺們
more than one year
Even a novice trader will have no trouble getting started with the system, thanks to its intuitive interface and excellent charts with a wealth of indicators. One request, please consider: I'd like to be able to buy or sell right from the charts, because every time I switch between windows, I lose a point or two.
Even a novice trader will have no trouble getting started with the system, thanks to its intuitive interface and excellent charts with a wealth of indicators. One request, please consider: I'd like to be able to buy or sell right from the charts, because every time I switch between windows, I lose a point or two.
Translate to English
2023-03-16 18:00
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FX1701054356
more than one year
Customer service was speedy and well informative. The overall process of creating everything was nice, it wasn’t a drag. Looking forward to the markets!
Customer service was speedy and well informative. The overall process of creating everything was nice, it wasn’t a drag. Looking forward to the markets!
Translate to English
2024-07-05 10:39
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6