AXEL PRIVATE MARKET Broker Review: High Risk (Illegal Business)

AXEL PRIVATE MARKET Company Introduction

AXEL PRIVATE MARKET, registered on October 31, 2019, in St. Vincent and the Grenadines, is a forex broker providing investment trading services in forex, stocks, commodities, indices, and contracts for difference (CFDs). The company is headquartered in Kuala Lumpur, Malaysia, and operates under Axel Private Market Limited. According to the Financial Services Authority (FSA) of St. Vincent and the Grenadines, Axel Private Market Limited is located at The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent & the Grenadines, with registration number 25652. The specific office address is 13A-02, Fahrenheit 88, KL Plaza, 179 Jln Bukit Bintang, 55100 Kuala Lumpur, W.P. Kuala Lumpur.

Is AXEL PRIVATE MARKET compliant and legal? Does it hold the necessary financial regulatory licenses?

Axel Private Market Limited is registered in Saint Vincent and the Grenadines. According to information obtained by TraderKnows, the Financial Services Authority (FSA) of Saint Vincent and the Grenadines does not regulate, monitor, supervise, or license business companies (BCs) engaged in forex trading or brokerage activities. Its regulatory scope is limited to ensuring that BCs comply with the obligations set forth in Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009, under the Business Companies (Amendment and Consolidation) Act. In other words, AXEL PRIVATE MARKET is providing financial services to investors without regulatory oversight.

Trading Instruments Offered by AXEL PRIVATE MARKET

According to the official website of AXEL PRIVATE MARKET, the broker offers a range of financial asset trading services, including forex, stocks, commodities, indices, and cryptocurrencies.

Trading Software Provided by AXEL PRIVATE MARKET

The trading platform's official website provides download links for the MT4 trading platform, offering versions compatible with WINDOWS, MAC, WEB TERMINAL, Android, and iOS.

Fund Security

AXEL PRIVATE MARKET does not disclose any third-party fund regulation information on its official website, raising concerns about the security of user funds.

Deposit and Withdrawal Channels

AXEL PRIVATE MARKET has not disclosed information about user deposit and withdrawal channels, leaving users uncertain about how to make deposits and withdrawals.

Leverage Ratio

The broker advertises a leverage ratio of 1:100-1:500, which is notably higher than the typical 1:10-1:100 leverage ratio offered by compliant brokers. The elevated leverage ratio amplifies the risk for users engaged in trading on the platform.

Summary

AXEL PRIVATE MARKET is an unregulated forex broker that has not disclosed any critical information regarding user fund security and deposit and withdrawal channels. Currently, the broker is marked as “Illegal Business” on TraderKnows. We hereby advises users that AXEL PRIVATE MARKET is a highly risky forex trading platform. It is recommended to steer clear of this platform to prevent potential financial losses.