In this section we will analyze the broker Axedo (also called axedo.co), is a Forex and CFD broker. Is Axedo really recommended for an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review Axedo. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.
It is worth mentioning that the Axedo website does not have a Spanish version, although due to messages from Spanish-speaking customers, we have also decided to review Axedo.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Norms Group LTD.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by Axedo, we noticed that they offer 3 different types of account / plans: the Fruit Juice Account, the Tequila Account and the Whiskey Account. We leave an image with a little information about each type of account.
Fruit Juice Account- Minimum initial deposit of $ 250.
Tequila Account- Minimum initial deposit of $ 1.000.
Whiskey Account- Minimum initial deposit of $ 10.000.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Axedo offers are: MT4 platform.
We will now analyze the different resources and aids for traders that Axedo provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Axedo provides the following aids or resources to traders or stakeholders: some live charts, information on basic concepts about the world of investing, information on the products that Axedo offers, really not much more than this.
| Other information about Axedo |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 1-888-709-7646, 1-646-885-6594 y 1-646-885-6486
>>> Assessment on Axedo <<
Ending with this section, in our opinion Do we believe that the Axedo company is reliable? Should you invest your money with the company?
The truth is that, we recommend to exercise caution, because: it is an unregulated broker, it is based in unsafe countries, when looking for reviews about Axedo we really did not find any other reviews, which makes us think that it is a broker without a track record. We suggest using caution.
⛔ Attention ⛔: in August 2020 CNMV added Axedo to your list of fraudulent financial companies, for acting without authorization.⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the CNMV August 2020 warning ⚠️
⛔ Attention ⛔ : in January 2021 CONSOB added Axedo to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's January 2021 warning ⚠️
⛔ Attention ⛔ : in April 2021 BAFIN added Axedo to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BAFIN's April 2021 warning ⚠️
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.