AXEL PRIVATE MARKET is a forex broker that was registered in Saint Vincent and the Grenadines on October 31, 2019. The company primarily offers investment trading services in forex, stocks, commodities, indices, and contracts for difference (CFDs). Its headquarters is located in Kuala Lumpur, Malaysia. The official website of the broker is https://axelprivatemarket.com/, and it supports multiple languages including English, Simplified Chinese, Hindi, Japanese, Korean, Thai, Vietnamese, and Arabic. AXEL PRIVATE MARKET does not provide services to residents of the United States, Belgium, North Korea, or Saint Vincent and the Grenadines, or to any jurisdiction where such services would violate local laws or regulations.
Background and Regulatory Status:
AXEL PRIVATE MARKET's registered entity is Axel Private Market Limited, with registered addresses in Saint Vincent and the Grenadines and Kuala Lumpur, Malaysia. It's important to note that the regulatory oversight of AXEL PRIVATE MARKET is limited to ensuring compliance with obligations under the Business Companies (Amendment and Consolidation) Act, 2009, of Saint Vincent and the Grenadines. This means that the services offered by AXEL PRIVATE MARKET to investors are not subject to regulatory supervision.
Trading Instruments:
AXEL PRIVATE MARKET offers several trading instruments, including:
Forex: Providing access to the global foreign exchange market, where different countries' currencies are bought and sold.
Stock CFDs: Allowing investors to trade contract for difference (CFD) on the stocks of various companies without owning the actual shares.
Commodities: Enabling traders to invest in a wide range of commodities, which are known for their market volatility.
Indices: Allowing investors to speculate on the overall performance of specific markets using CFDs or other derivatives without buying individual stocks.
Contracts for Difference (CFDs): CFDs are financial instruments that enable investors to profit from price movements in assets without owning the underlying assets.
Account Types:
AXEL PRIVATE MARKET provides several account types, including AXEL VIP, AXEL REGULAR, AXEL, and DELUXE. These accounts offer varying spreads, leverage, and other features. The maximum leverage for forex, indices, and commodities is 1:500 for AXEL VIP and 1:100 for AXEL REGULAR, AXEL, and DELUXE. All accounts have a minimum order size of 0.01 lots, charge overnight fees (swap), and do not charge commissions. Margin call levels are set at 80%, and stop-out levels are set at 50%.
Trading Platform:
The broker offers the MT4 trade platform, which is available in desktop (Windows and MAC), web-based, and mobile versions.
Customer Support:
Users can contact AXEL PRIVATE MARKET via phone at +603 4819 8496 or email at account@fxcitizen.com. For further assistance or inquiries, investors can use the "Contact Us" option on the broker's official website.
Summary:
Investors should exercise caution when considering AXEL PRIVATE MARKET as their broker of choice due to its lack of regulatory oversight. It's advisable to be cautious and consider alternative options to protect one's financial assets. Currently, AXEL PRIVATE MARKET has been marked as "Operating Illegally" on TradingCircle.com.
