Axe Invest Review (2023)

Is Axe Invest a scam or legit broker?

No, it is not safe to trade with Axe Invest. Axe Invest is owned by Madar Partners Ltd. which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as TopTradePro, Finbitex and more.

Axe Invest is an offshore Forex and Cryptocurrency broker with the widest suite of products to offer the best pricing, execution and liquidity.

According to the website, the broker supposedly has offices in the UK and Switzerland as it provides contact phone number with the British and Swiss country codes. However, there is no information about Axe Invest being regulated and authorized in those countries. 

Moreover, the broker has been banned in Switzerland and Italy. Swiss regulator FINMA has added Axe Invest to its warning list:

Also, Italian CONSOB has recently warned against the broker: 

“CONSOB has ordered the black-out of 25 websites (including Axe Invest) that offer financial services illegally. The commission availed itself of the new powers resulting from the ‘Decreto Crescita’, on the basis of which CONSOB can order internet access providers to block access from Italy to websites offering financial services without the proper authorization.”

Conclusion

We strongly advise all investors and traders to avoid Axe Invest and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers (Forex Broker Reviews) such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and TMGM.