General Information |
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Broker Name: | AxiTrader |
Broker Type: | Forex |
Country: | Australia |
Operating Since (Year): | 2008 |
International offices: | 55 Baker Street London W1U 7EU United Kingdom |
Regulation: | ASIC, 318232 |
Address: | Level 10, 90 Arthur St, North Sydney, NSW 2060 AUSTRALIA |
Broker status: | Regulated |
Customer Service | |
Phone: | 1300 888 936 |
Email: | service@axitrader.com |
Languages: | English, Spanish, Japanese, Chinese, Russian |
Availability: | GMT+3 |
Trading | |
Trading Platforms: | MetaTrader 4, MT$ NexGen |
Trading platform(s) timezone: | GMT+3 |
Demo Account: | Yes |
Mobile trading: | Yes |
Web based trading: | Yes |
Other trading instruments: | currency pairs, CFDs, spot metals, commodities, and indices. |
Account | |
Minimum deposit ($) | $200 |
Maximum leverage (1:?) | 1:400 |
Spread | Variable |
Scalping allowed | Yes |
Review Contents:
- Introduction to Axitrader review;
- AxiTrader Account Types;
- Trading Instruments at AxiTrader;
- Trading Conditions at AxiTrader;
- Safety of Funds, Regulations, and Licenses;
- Additional Information About AxiTrader;
- AxiTrader Review Conclusion.
Introduction: Highly Regulated and Diverse Broker
AxiTrader has been around since 2007, initially under the name AxiCorp, in Australia. Since then they have managed to extend their reach to Britain in 2012, China in 2015, and Germany in 2016. They keep expanding to this day and serve 150 countries overall.
This AxiTrader review will provide you with the full information you need to know about the broker. We aim to help you with the decision of whether they are worth trading with or not. Most of the user reviews online do come off as quite positive. They say how AxiTrader maintains their trust by never trading against them, and providing comfort to all users.
AxiTrader is known for its straightforward “no-nonsense” approach. They rank high in customer service, training tools, and general transparency. Though they do come with some drawbacks which, in our experience, make a huge difference for traders. The disadvantages of AxiTrader will be further discussed at the end of the review.
AxiTrader Account Types
AxiTrader stands out in their customer care, so they decided to make their account types inclusive. They offer two main accounts MT4 standard and MT4 pro, for beginners and pro traders. AxiTrader requires no minimum deposit for either of the accounts, and the main difference lies in the spreads and commission per trade. The accounts offer features such as:
- No minimum deposit
- Up to 1:400 leverage
- MT4 NexGen
- Mobile trading
- EA optimized for automated trading
- Account currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
- 5 digit pricing
- 80+ currency pairs, commodities (metals), and CFDs
You also have a chance to use the 30-day demo account. That way you will be able to test the services before you deposit. If you are a beginner, this is also a great option for you to develop your skills before you commit money.
Though AxiTrader does not offer many options, the account types provided are basic and easy. Some other brokers call such accounts standard accounts. Most of the brokers now have at least 4 different trading accounts for all kinds of traders, from complete novices to esteemed veteran investors. AxiTrader’s accounts are good enough, but it would be nicer to have more options, like Islamic accounts for example.
Trading Instruments at AxiTrader
AxiTrader is mainly focused on the Forex market, due to which they offer 80+ currency pairs. They have major, minor and exotic pairs on the list. They also offer trade with special metals such as silver, gold, paladin, and platinum. Other commodities provided are crude oil, natural gas, and soft commodities like soy, coffee, and cocoa.
The equity indices available at AxiTrader are also vast. They offer access to stock exchanges from Asia, Europe, and the USA. Additionally, there are 6 cryptocurrencies you can trade with, such as Bitcoin, Ethereum, Ripple, Dash, and Litecoin.
Seems like AxiTrader has most of the financial instruments to offer to their clients. Their currency list is quite strong and popular, so you have a chance to take part in the biggest market in the world. The offered CFDs are quite limited though compared to most of the brokers. But it is definitely a plus that they provide crypto trading as well.
Trading Conditions at AxiTrader
AxiTrader provides the MT4 platform to its users. This platform is widely used by many Forex and CFD brokers globally. The Expert Advisors provided by the platform make it quite popular among traders.
AxiTrader gives its users access to MT4 NexGen after they have deposited over $1000. NexGen MT4 comes with huge specs which aid with trading. See below.
- Sentiment indicator — you can see what other traders are doing to gain further insight
- Correlation trader — spot new opportunities and cut down on the management costs
- Alarm manager — customizable reminders
- Economic calendar — set alerts to big economic events
- Net terminal window — additional tools, such as alerts, templates, etc.
- Automated trade journal — improve the analysis through your personal trade journal
- Session map — view the open markets
- Mini manager — entering and exiting trades become quicker and easier
Traders also have a chance to trade on mobile via AxiTrader. Since most of the world is always on the move, it is nice to have the option to trade from wherever you are. If mobile is not your favorite choice, you can also trade from your desktop via their app.
The spreads depend on the market, but AxiTrader has the lowest spread available: 0 pip. The commission varies with the account types. Pro accounts will be charged $7 for every trade they make.
This is quite steep for a broker since traders tend to invest a lot on a daily basis. The commission could add up to triple digits quite quickly so make sure to take this into consideration.
Safety of Funds, Regulations, and Licenses
AxiTrader is proud of its regulators. They are under the jurisdiction of two best financial institutions in the world, the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities & Investments Commission (ASIC). The trustworthiness of AxiTrader is very obvious due to these regulations.
AxiTrader is obviously a reliable broker. They have been winning awards for their customer service and care of their clients’ needs since the beginning. In 2012 they received a prize for a broker with the “Best Spreads”. They have gained their reputation as Australia’s most trusted Forex Broker.
As for the safety of funds, AxiTrader provides segregated client account to users. The company’s funds are kept separate from the clients’ so there is no impact on personal funds at all. Personal and financial information is also stored in cold servers which are inaccessible to hackers.
Overall, we are very satisfied with the regulations, licenses, and the safety of funds at AxiTrader. They seem to be a trustworthy broker. It means that you do not have to afford to take the high risk of losing your money, or unlikely to lose money when trading.
Additional Information About AxiTrader
AxiTrader website is simple, stylish and informative. The menus are very easy to navigate for all users. They offer all of the information about the company in one tab. You can see their policies, risk disclaimers, history, etc. with ease.
The customer service at AxiTrader has won awards in the past. Traders can get in touch with support via live chat on the website. The live-chat asks for quite a lot of personal information at the beginning, but we assume that is for better and specific service. You can also get in touch with them via email, which they reply to within 24-48 hours and phone numbers with different languages available. In addition you can call them toll-free. You may get in touch with them 24/5.
AxiTrader also provides some educational material, though quite basic. They offer courses to beginners where they teach about Forex trading and more. Though there are no actual webinars or live courses, so you will have to do all the studying yourself. That comes in handy to some users, but to complete beginners that is not really a great option.
The payment options are truly quite broad though they are also average for the industry. AxiTrader offers all major transactions, such as:
- Broker to broker transfers
- Credit cards
- International bank wire transfers
- Local bank wire transfers
- Skrill
The list is short but precise. It is unfortunate that non-Australian citizens will have to pay extra fees between $15-20 for each international transfer. That is a sizable downside, but comparing to other brokers it does not really differ too much. Deposits and withdrawals are made very easily and do not take too much time.
AxiTrader Review Conclusion
AxiTrader is one of the veterans within the Forex industry. Their approach to their business is explained by their motto “founded by traders for traders.” That explains why their services are quite good and why so many traders choose to work with them.
Their services are above average, the products they offer are quite basic for the industry, their regulations and security of funds are truly outstanding. The impression we’re left with is mainly positive, but the limited selection of CFD instruments is disappointing.
The lack of benefits, bonuses, and promotions that the broker offers also pushes AxiTrader down the list amongst other brokers. After gaining such a loyal customer base, AxiTrader should come up with a system to reward their loyalty, as other brokers do. The demo account is only valid for 30 days, which might be enough for professionals to test the platform. Though, beginners will have to find somewhere else to practice their skills.
In terms of the trading execution method, AxiTrader is providing hybrid executions. AxiTrader is providing hybrid executions, which might include it acting as a principal dealer. Besides, it sends orders to LP (liquidity provider) or a third-party dealer as an agency broker.
Furthermore, signals and automated technical analysis are provided with the help of AutoChartist. It is a third-party technology provider. Moreover, it is famous for its pattern recognition software.
AxiTrader is also offering signals of automated trading with the help of the auto trade feature in Myfxbook. It is a third-party provider that powers the economic calendar of AxiTrader. From ZuluTrade, further social copy-trading features are available.
As already said, AxiTrader is only a MetaTrader broker. Thus, it means that it is offering products from a suite of platforms to software corporation of MetaQuotes and with the Signals Market in the MT4 platform offering firm. Moreover, in 2017, AxiTrader added the platform of MirrorTrader by Tradency.
Aside from AutoChartist, in terms of trading tool-related research, there are excellent researcher tools packaged into the MT4 NexGen add-on of AxiTrader.
Do the Pros Outweigh the Cons?
Now let us sum up the highlights and features of AxiTtrader. The countries of regulation for AxiTrader are Dubai, the United Kingdom, and Australia. The trading fees class is low. Moreover, there is no idleness fee charged.
The minimum deposit and withdrawal fee amount is $0. It takes from one to three days to open the account. Deposit with debit and credit cards are available. Moreover, you can do depositing with an electronic wallet.
It supports eleven base currencies. A demo account is also provided.
The products include Crypto, Forex, and CFD.
Thus, Virtual trading (demo) is available. Besides, there is no proprietary platform. It supports Web Platform and Desktop Platform (windows). Copy Trading and Social Trading are also available.
The MT4 (MetaTrader 4) is possible, but the MT5 (MetaTrader 5) and cTrader are not available. Charting – studies/indicators in total are 51. Charting – Drawing tools are 31. You can trade from the chart.
AxiTrader provides total fields of seven.Furthermore, AxiTrader is launching CFDs on Bitcoin offering just around a 2:1 leverage at a 40% initial margin requirement. The maximum trade size is ten lots. To Monday through Friday, trading is limited.
Margin rates for forex vary by currency pairs. It ranges from 1% on major currency pairs to 10%.
In 2017, the number of tradeable pairs reduced from 120 to 94. AxiTrader is still catering to a broad range of traders through its FCA-regulated Brand.
Overall, the conditions for trading provided by AxiTrader are fine, though they could be better. The modern Forex industry keeps developing quickly and seems like old-timers are having a hard time keeping up. Though the provided platforms are quite popular, they are not the MT5. Having a larger option of account types would be better as well.
AxiTrader initially leaves a strong impression, but the deeper you dig the more disappointments you find. In the end, no broker is perfect and we must accept the drawbacks if they are minor. Hopefully, this AxiTrader review helped you realize the pros and cons and aided your decision.
We hope this AxiTrader review, will help you picking up correct broker. Good luck trading!
AxiTrader Review

Name: AxiTrader
Description: AxiTrader has been around since 2007, initially under the name AxiCorp, in Australia. They keep expanding to this day and serve 150 countries overall. The broker is known for its straightforward “no-nonsense” approach. They rank high in customer service, training tools, and general transparency
Overall
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( reviews)
Do not invest here
This company stole our money, I and my friends decided to trade with them and we all lose. Do not invest money here.
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Poor broker support
Poor broker support. They are not always available to help me in my trading needs.
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Bad broker company
I am not getting a proper reply from my missing withdrawals. Bad broker company
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Annoying unsolicited phone calls
I have open an account with them with just minimum deposit to try trading and see how it goes. But much to my regrets because after opening an account I’ve got phone calls almost every minute of the day pushing me to deposit more. So annoying!
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Poor services
Poor trading services. I had so much problem with withdrawals and execution. There is always great delay.
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Do not trade here
Do not trade here. They will never approve withdrawal request. I should know, it happens to me.
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Not fit to be a forex broker
Completely not fit to become brokers for forex. They do not provide good signals at all. Their customer service can’t even guide me on the trading platform.
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Do not deal
Unpleasant brokers and customer service. Do not deal with them.
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Do not trust
I suggest not to trust them. They tell all good things at the start but will never happen.
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Not recommended
Worst broker company to deal with. Not recommended.
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Unreliable broker
Trading with this broker is the worst I ever had. I have lost almost all of my money here. Services and signals are not reliable.
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Scam
It is a scam, crystal clear. Do not deal with them.
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Scammers
Do not give out any information, they are scammers.
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Poor services
The services are not worth it. Signals are poor and withdrawal is slow.
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Technical problem
Has so many technical problems on their tools. They used this as a technique to let you lose.
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Poor signals
Poor trading signals. Have just wasted my money and time on this.
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Bad services
Bad services. Do not use ths broker service.
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Waste of money
Do not trade with them. It is just a waste of money.
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As if they are not well-verse about forex market
They are very convincing at what they say but they are very disappointing on the actual trading. As if they are not well-verse about the forex market.
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Stay away from them
Please stay away from they, they don’t deserve to be in business.
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Scam
It is a scam, crystal clear. Do not deal with them.
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Hassled withdrawals
I experience so much hassle on their withdrawal process and so I decided to just stop trading with the. It happens not just once but it happens on all of my withdrawals.
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Frustrated with customer service
I am so frustrated with their customer service, they are unhelpful and unprofessional. I needed help with the platform but they have sent me an email tutorial instead that I can’t even understand. As if they are not willing to help me over the phone.
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Not recommended
Worst broker company to deal with. Not recommeded.
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Scam broker
It’s a scam. Do not trust this company.
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Bad customer service
Bad customer service. They are not acomodating and prefers to ignore trading concerns.
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Bad customer service
Non-existent customer service. It is really very difficult to call them and they don’t even respond to messages.
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Waste of money
Do not trade with them. It is just a waste of money.
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Can't withdraw money
Frustrating experience. I can not withdraw my money.
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Poor broker
Poor broker performance. Not recommended.
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Worst broker
One of the brokers with the worst withdrawal process. They keep on asking for so many documents and most of them are very difficult to provide.
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Refuse to pay profits
Refuse to pay profits. I have a few profits and requested a withdrawal for the first time, however, they never let me withdraw money. They even ask for more money from me saying I need to place more trades in order to qualify for withdrawals which is totally absurd.
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Not recommended
Worst broker company to deal with. Not recommended.
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Not recommended
Worst broker company to deal with. Not recommended.
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Unreliable broker
Trading with this broker is the worst I ever had. I have lost almost all of my money here. Services and signals are not reliable.
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Big time scammers
Big-time scammers. I warned everyone not to deal with them.
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Not recommended
Unprofitable trading signals and a very slow withdrawal process. Not recommended.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Poor trading advise
It is not a good choice for a broker. I have traded with them and have lost so much money. Poor trading advice.
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Difficult withdrawals
I wonder why it is so difficult to request even a simple withdrawal. I am not trading with them again.
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Not recommended
Worst broker company to deal with. Not recommended.
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Can't withdraw money
Frustrating experience. I can not withdraw my money.
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Bad services
Bad services. Do not use this broker service.
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Technical issues
Worst trading tools I have ever used. There are so many technical issues.
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Poor broker company
Poor broker company. They do not pay profit and withdrawal is very slow.
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Got so many losses
They have fooled me to deposit more. I could have cut my losses if I stopped trading earlier.
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Not worth my time
Not worth my time. The signals are poor and unprofitable.
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Bad broker
They hand up on me on topics of withdrawals but are very prompt on deposits. Bad broker.
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Do not trade here
Do not trade here. They will never approve withdrawal requests. I should know, it happens to me.
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Bad broker
They hand up on me on topics of withdrawals but are very prompt on deposits. Bad broker.
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Poor trading strategies
They are claiming to be an experienced broker but to tell you honestly as if they just started trading forex. Strategies are for neos.
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Scammers
Scammers hiding on some places. They can not even clearly say where are they located.
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Worst trading platform
The worst trading platform I have ever used. I always encounter system issues.
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Not legit
Do not trade with this broker. They are not legit trading brokers.
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Do not deal
Unpleasant brokers and customer service. Do not deal with them.
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Rude brokers
They are very rude. That is my observation during the time that I am trading with them. Have even forced me to put in more money.
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Poor signals
Not a progressive trading experience. I have lost money instead. Something is wrong with their signals.
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Bad broker
They hand up on me on topics of withdrawals but are very prompt on deposits. Bad broker.
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Bad broker
Don’t fall for their trading offers. It’s a trap, all they want from you is your money.
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As if they are not well-versed about forex market
They are very convincing at what they say but they are very disappointing on the actual trading. As if they are not well-versed about the forex market.
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Waste of money
Do not trade with them. It is just a waste of money.
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Stay away from them
Please stay away from them, they don’t deserve to be in business.
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Deceitful broker
Be warned. This is a deceitful forex broker. They appear to be very promising in order to collect more money.
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Unregulated brokers
Unregulated brokers. Stay away from them.
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Scam
It is a scam, crystal clear. Do not deal with them.
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Not a good broker
Not a good broker to deal with. Signals and services are both inefficient.
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Poor services
Poor services. No reason in keeping them.
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Slow withdrawals
I encountered a lot of problems when I deal with them last year, the withdrawal process is very slow and the customer service isn’t helpful at all.
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Total scam
They are a total scam with no customer support.
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Poor signals
I am not trading with them again. Poor broker signals and rude customer service.
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Not recommended
Unprofitable trading signals and a very slow withdrawal process. Not recommended.
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Do not trust
I suggest not to trust them. They tell all good things at the start but will never happen.
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Bad customer service
Bad customer service. Really very frustrating and annoying.
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Frustrated with customer service
I am so frustrated with their customer service, they are unhelpful and unprofessional. I needed help with the platform but they have sent me an email tutorial instead that I can’t even understand. As if they are not willing to help me over the phone.
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Can't withdraw money
Frustrating experience. I can not withdraw my money.
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Bad customer service
Non-existent customer service. It is really very difficult to call them and they don’t even respond to messages.
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Poor broker
Poor services and worst tools.
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Stupid customer service
Stupid customer service. They can not comprehend and has poor communication skills.
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Not a good broker
I am not going to trade again. I have lost money on this company’s trading scheme. Avoid their offers, not good.
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Bad services
Bad services. Do not use this broker service.
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Poor signals
I am not trading with them again. Poor broker signals and rude customer service.
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Unregulated broker
Do not deal with this trading company. They are not legit and unregulated.
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Scammers
They have been very persistent in asking for a deposit. But I can always hear it from their voice, they are scammers.
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Unreliable broker
Trading with this broker is the worst I ever had. I have lost almost all of my money here. Services and signals are not reliable.
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Hassled withdrawals
I experience so much hassle in their withdrawal process and so I decided to just stop trading with the. It happens not just once but it happens on all of my withdrawals.
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Do not invest here
This company stole our money, I and my friends decided to trade with them and we all lose. Do not invest money here.
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Terrible broker
Terrible forex broker services. The platform has technical problems, signals are poor, and even customer service. Not recommended at all.
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Bad broker
They hand up on me on the topics of withdrawals but are very prompt on deposits. Bad broker.
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Slow withdrawals
Very slow withdrawal process. I was asked to submit so many documents and every time I made a follow-up, ask to wait for more.
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Poor broker performance
Poor broker performance. Can’t remember getting anything good from the trades.
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Stupid customer service
Stupid customer service. They can not comprehend and has poor communication skills.
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Annoying unsolicited phone calls
I have opened an account with them with just a minimum deposit to try trading and see how it goes. But much to my regrets because after opening an account I’ve got phone calls almost every minute of the day pushing me to deposit more. So annoying!
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Poor services
Poor trading services. I had so much problem with withdrawals and execution. There is always great delay.
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Rude customer service
I am not pleased with the services. Customer service are very unresponsive and rude.
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Not fit to be a forex broker
Completely not fit to become brokers for forex. They do not provide good signals at all. Thier customer service can’t even guide me on the trading platform.
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Poor broker signals
Poor broker signals. Very unprofessional in processing withdrawals. Avoid this broker by all means.
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Rude brokers
They are very rude. That is my observation during the time that I am trading with them. Have even forced me to put in more money.
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Cheaters
DO not trade with them. They are cheaters.
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Bad broker
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
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Bad services
Bad services. Do not use this broker service.
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Unsatisfied
I am not satisfied with the trading services and I am unhappy with the trading results. During the time when I am still trading with them, I always encounter problems with the platform, too.
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Bad broker
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
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Do not trade here
Do not trade here. They will never approve withdrawal requests. I should know, it happens to me.
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Poor trading services
Poor trading services and worst signals. It is just a waste of money and time trading with them.
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Do not trade
Do not trade with them, they are illegitimate brokers.
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Waste of money
Do not trade with them. It is just a waste of money.
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Unreliable broker
Trading with this broker is the worst I ever had. I have lost almost all of my money here. Services and signals are not reliable.
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Slow withdrawals
Slow withdrawals. There are so many terms and requirements needed.
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Worst trading experience
The worst experience I had in my entire life. I have lost a fortune and am now facing lawsuits and financial problems.
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Can't withdraw money
Frustrating experience. I can not withdraw my money.
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Beware
I have lost all my hard-earned money on their trading scam. Beware.
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Services sucks
Services suck! Do not trade with them.
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Poor forex company
Not a good trading company. They are not even skilled in forex trading.
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Do not trade with them
Lousy broker signals. Do not trade with them, save yourself from huge losses.
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Poor market analysis
Poor market analysis. I never find it worthy to trade using their signals.
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Beware
I have lost all my hard-earned money on their trading scam. Beware.
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Unreliable
Unreliable all the time. Signals are not accurate and they are always unavailable every time I need help on my trading account.
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Do not deal with them
Do not deal with them. Save your money from these scammers.
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Slow withdrawals
Slow withdrawals and slow customer service, too. Not recommended.
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Worst
Don’t even deserve a single-star rating. The services are really worst.
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Do not trade here
Do not trade with this company. They do not pay a profit.
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Bad services
Bad trading services. THe do not process withdrawals and ignore you after the deposit stage.
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Bad brokers
It is never a wise choice to trade with them. They are not good trading brokers.
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Did not gain anything
Furius about this broker company. I did not gain anything from this company.
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Lose money here
I was convinced by their sales team to deposit and try because of their very strong presentation. But I regret doing so, have lost so much money here.
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Did not pay my profit
I have invested money here, but they haven’t given me a withdrawal. I send emails also but they have not responded.
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Bad services
Bad services. Do not use this broker service.
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Missing withdrawals
I am so frustrated with my missing withdrawals. They never pay attention to my messages about it.
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Worst trading platform
The worst trading platform I have ever used. I always encounter system issues.
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Slow withdrawals
Could have been a good broker since services are okay. But please do something to speed up withdrawals.
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Slow withdrawals
Slow withdrawals. Every time I process withdrawals it is very slow.
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Not recommended
Not recommended. Poor signals and services.
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Poor trading signals
I go crazy with the signals. I get consecutive losses and I wonder why. I had to stop trading with them before losses worsen.
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Not profitable
Although customer service and brokers are good, I will have to quit trading with them because it is not profitable and fees are huge.
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Bad customer service
Bad customer service. They are not acomodating and prefers to ignore trading concerns.
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Rude customer service
I am not pleased with the services. Customer service are very unresponsive and rude.
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Shady transactions
Shady transactions. Do not trust them.
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Worst experience
I had the worst experience of my life. Have lost all my money here.
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Slow withdrawals
Slow withdrawals. I will never trade with them again.
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Poor forex broker
Slow withdrawals, poor services, and unprofitable signals. I will never trade with them again.
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Worst broker
The worst trading broker. Do not deal with them.
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Poor trading services
Poor trading services and worst signals. It is just a waste of money and time trading with them.
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Unreliable
Unreliable all the time. Signals are not accurate and they are always unavailable every time I need help on my trading account.
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Rude customer service
Rude customer service. Aside from ignoring my messages, they even don’t answer phone calls.
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Fraud broker company
Don’t fall for their sweet promises and great profit projection. This company is a fraud, they will hook you to deposit more and will never give your money back. It happens to me, it can also happen to anyone.
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Slow withdrawals
Very slow in processing withdrawals. I end up closing my account without getting my withdrawal.
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Worst platform
Worst platform. Has so many technical problems
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Slow withdrawals
Very slow withdrawals. This is the only thing I do not like about them. That is why I quit trading with this broker.
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