Global Broker Regulation Inquiry App
WikiFX
marcustan 
1-2 years
What are the pros and cons of Axion Trade in terms of regulation?
Broker Issues
Regulation
06-16
United States
WikiFX
Reply
From what I've seen in my Axion Trade review, the major pro of Axion Trade’s regulation is the wide variety of trading instruments it offers, which is great for those looking to diversify. Additionally, the availability of a demo account is helpful for beginners. However, the cons far outweigh the pros in my view. Offshore regulation, revoked licenses from ASIC, and the exceeded status from SERC are significant drawbacks. I personally wouldn't consider trading with Axion Trade long-term because the regulatory status can often lead to potential risks that could affect traders’ security.
Similar Questions
Does Vakif FX have any cons?
sweetosh
08-04
Is Sky Links Capital a safe and legit broker?
Nagarjuna
06-27
Is Axion Trade regulated?
Eziol
07-09
Is UBS overseen by any regulatory bodies, and if so, which financial authorities are responsible?
helpneeded
09-03
What are the specific license details of MACRO MARKETS?
Eziol
06-28