Read our Axe Market review to see if we recommend this broker for trading. Just to clear doubts, this is an axemarket.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Axe Market is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Axe Market in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Axe Market Review Conclusions
Making the Axe Market review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Axe Market review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Terrible experience,they tricked me to keep depositing money to keep the free margin in positive,a broker named Antonio,an accountant activation manager named Jonathan,it’s a big scam ..!!!!they eventually blocked my account and my money all gone .I did report them to multiple authorities including Id care,police,and hired a scammer recovery company to investigate further.
DO not trust them they will contact you with fake email or through WhatsApp and call you with different number and push you to keep depositing money making you believe you will make big profit out of it .
(1/5)
Watch out before you send them money. STAY OUT.
Those very well trained people only want one thing; you making deposits, as many and as high as possible. You’ll get nothing in return.
There is over €446.000,00 on my account and I don’t get a withdrawal of 100k to get back what I put into it.
I haven’t had 1 withdrawal yet, to cover up the investment I’ve made!!!!!
Before that,
My account manager Hellen Miller did twice the same trick. She reopened (a deposit was needed for that) twice, positions that have been closed automatically, but she took, on purpose, the wrong ones. The balance came down and a new deposit had to be done, again. I got 2 responses: one is twisting the truth around so it became my own mistake, second, only one solution: deposit.
Something is really wrong here,
I found out now that they manipulate your balance with bringing in and out. I can’t see all my deposits on the place where they should stand. Same story about the withdrawals.
About that withdrawal, she sent me the proof of leaving to my binance-wallet, with her name on it. How is that possible? I still haven’t received it! The test payment of €10, haha that one I did.
I asked for the TxID, there isn’t because the money bounced back to my balance. What? There always is! But the proof sche sent was to get me to make a new deposit!!! So watch out!!!
And only possible passing Binance?
I was supposed to make over 150k today, A deposit of 50k, bonus 50k and withdrawal of 100k was the deal. Can you guess which part didn’t work out like promised? Hellen surprised me again with a margin level call, so instead of making money, positions will close down again automatically. You know where that leads us too… and it was not in a friendly way she asked, it was threatening, aggressive.
(She brought back in an old position of oil, 85k negative, it makes that there is no profit to take elsewhere, and later on, it closed by itself with a loss of 117k)
This is not a broker, this is stealing. These people are thieves.
Always promises about an immediate withdrawal, so they only work with the bonus, making you use money you need for other things. Believe me, they don’t care. Once she wrote: ask someone else for money.
(There are screenshots of everything I am telling here)
I really don’t get where they get positive reviews from. Because of that, I stepped in. Did they try it? Before you get positive, yes it looks nice, on their website, but try to make some money there. It won’t happen. You will be robbed.
By the way,
The real company name: Intel Ledger – Linerum OU
Real address: Harju maakond, Tallinn, Lasnamäe linnaosa, Väike-Paala tn2, 11415, Estonia
Estonia!!!!!
AND THEREFORE:
This is an invitation to send me your story of axe market and I hope that we will all stick together and get back our money.
The more people we find, the better we can fight!
[email protected]
(to the people that have to read before publishing, help us out here and be a part of stopping these thieves, letting my email on the page)
(1/5)