Axel Private Market Review: Is Axel Private Market a safe forex trading platform?

In the FTI app,Today's exchange rate query you can refer to the top 100 forex brokers for your trading needs. If a broker is not in the top 100, pay close attention to their regulatory licenses, white label relationships, and risk warnings.

Today, I want to help you evaluate a Forex broker. Recently some investors have asked if this forex broker is legitimate and reliable.

The name of this forex broker is Axel Private Market. FTI data shows that the Axel Private Market platform was established in 2019. It ranks 1,756th in active index, and its safety score is only 34, indicating a high level of risk.

Regulatory information shows that Axel Private Market's registration with Canada's FINTRAC is currently inactive (cancelled). It only holds a financial services license from the FSA in Saint Vincent and the Grenadines. It's important to note that the FSA in Saint Vincent and the Grenadines does not regulate forex trading or brokerage activities. This means Axel Private Market doesn't have a proper forex license and isn't allowed to offer forex margin trading. As a result, investors' funds are not well protected. This is a major red flag, so please be very careful!

Axel Private Market has 1 MT5 and 2 MT4 servers.

The master white label relationship shows that Axel Private Market has 14 associated brokers. You need to pay attention to whether the associated brokers are running away. This is the business risk of the brokers and the past business history, which can be used as an important reference condition for selecting brokers. The broker relationship data comes from the data of MetaQuotes.

FTI has received 0 complaints about Axel Private Market forex broker so far.

If you're considering trading here, follow these precautions:

① Start with small deposits and test withdrawals

② Review the reputation of its affiliate brokers

③ Never trade more than you can afford to lose

④ Stick with brokers regulated by top-tier bodies like FCA, NFA or ASIC. Always check if the entity you're opening an account with matches the one on the license.     

Stay away from low rated, unregulated forex brokers!

Before trading, check brokers in FTI app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.

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