Axedo is a forex broker that is supposedly licensed by the authorities of Saint Vincent and The Grenadines. In this review of Axedo.co, we take an in-depth look at the features axedo.co allegedly offers. This review basically answer the questions: is Axedo legit? Is Axedo good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about this broker.

Axedo Trading Platform 

The website looks professional and well-designed, it feels empty as necessary and required information isn’t provided. 

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Although the website claims that it supports MT4 trading platform, we could only access  the Status WebTrader, a platform commonly used by offshore brokerage firms

Axedo Account Types

In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.

After thoroughly checking we discovered that this broker has three account types.

Axedo price

Axedo Deposit and Withdrawal Methods

Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.

The payment section states that clients can fund an account are via Credit card and PayTrio. 

This broker only list these two methods of funding, but in earlier page claims more than two methods. 

The charges for withdrawal are 

  • $50 for Wire Transfer
  • $35 for Credit Cards, and
  •  $25 for e-payments.

One thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal

Is Axedo Licensed?

Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually rregulated.

This broker claims to be located in Saint Vincent and the Grenadines. 

Saint Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading. 

So, no, this broker is not a licensed brokerage. 

Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. 

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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

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Minimum Trade Deposit $100

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Licensed in Australia(ASIC) and Cyprus(Cysec)

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Conclusion 

We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided. 

In conclusion, we wouldn’t advise or recommend you to trade with axedo.co  as they don’t give any valid information concerning if they are a regulated broker. 

Axedo.co  is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option. 

By admin

2 thoughts on “Axedo Review: Don’t invest with this broker until you read this”
  1. I was rudely denied the payout of my funds (5.000 EUR) by Axedo and they wanted to pressurize me to pay another 2.000 EUR to my trading account.
    When I denied, they simply closed my access.
    I can send you the complete documentation for publicizing it.

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