Company Profile
Note: AxiPrime's official website: https://www.axiprime.com/ is currently inaccessible normally.
AxiPrime Information
Founded in 2013, AxiPrime is an unregulated brokerage company registered in Saint Vincent and the Grenadines. The company offers the MetaTrader 4 (MT4) and MetaTrader 5(MT5) platforms for trading.
Is AxiPrime Legit？
AxiPrime claims regulation by the Financial Conduct Authority（FCA)
Australia Securities & Investment Commission(ASCI). However, according to them, AxiPrime's current status is “Suspicious Clone.”
It is necessary to be prudent when dealing with AxiPrime. It's also necessary to do thorough research and ask for professional advice, which is important for protecting your funds.
 | Financial Conduct Authority（FCA) |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom |
| License Type | Straight Through Processing(STP) |
| License No. | 509746 |
| Licensed Institution | 1 Finsbury Market London EC2A 2BNE C 2 A 2 B N UNITED KINGDOM,36 - 38 Leadenhall Street London EC3A 1AT United Kingdom |
 | Australia Securities & Investment Commission |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom and Australia |
| License Type | Common Business Registration |
| License No. | 127 606 348 |
| Licensed Institution | Level 13, 73 Miller Street, NORTH SYDNEY NSW 2060,NORTH SYDNEY NSW 2060 |
Downsides of AxiPrime
- Unavailable Website
AxiPrime's official website is currently inaccessible, which makes traders worry about the safety of funds.
- Lack of Transparency
There is a noteworthy lack of information about AxiPrime available online. It is difficult for traders to do wise decisions because of the lack of transparency.
- Regulatory Concerns
AxiPrime is not regulated. It's necessary to ask for professional advice, which is important for protecting your funds.
- Withdrawal Difficulty
According to a report on WikiFX, a user was having significant difficulties with withdrawing funds. Although the request was put on hold for over a week, the issue has not been resolved..
Conclusion
AxiPrime shows high risk for traders because of its invalid regulation and transparency. Though it claiming regulation by the FCA and ASIC, WikiFX identifies AxiPrime as a “Suspicious Clone.” The company's website is currently inaccessible, and there is limited information available online. Unless AxiPrime resolves these issues and provides evidence of legitimate regulation, it is strongly recommended to avoid it to choose a regulated broker with a good track record.
