Do you want to get your money back from Axis Capital? You’ve come to the right place.
You have a chance to get your money back if you traded with Axis Capital Group and think they defrauded you. It has been shown that many unlicensed brokers defraud traders. At Global Assets Refund, it’s our responsibility to make sure you have a voice and can obtain a refund of your money.
Read on to discover why we do not recommend using Axis Capital as a trading broker and how Global Assets Refund may assist you in getting your money back from this broker.
About Axis Capital
Olympus Investment LLC from Saint Vincent and the Grenadines is the company behind Axis Capital Group. However, the broker included a Moscow, Russia, address in the contact section. There are no US phone numbers, only Russian ones. Axis Capital Group is a division of the UK conglomerate that was founded in 2002 and has expanded to Eastern Europe as well as opened offices in Moscow.
All of this is nice, but it isn’t clear whether Axis Capital Group is subject to regulation in any of those nations. Since there is no Axis Capital Group regulation, it appears that all these businesses are listed to mislead the average individual into believing their activities are legal.
How the Axis Capital Scam Works
Unlicensed forex brokers usually call their victims and use every tactic at their disposal to convince them to make the initial minimum deposit. They will then offer deals that appear too good to be true. Don’t believe a word they say. After making the initial deposit, users are moved to a “retention agent,” a more cunning scammer, who will attempt to defraud them of more funds.
Axis Capital Support Team
The Axis Capital Forex broker boasts an excellent support staff for new clients. They’ll walk you through the full deposit process and nudge you toward making a sizable investment.
However, you will experience harassment by phone, email, and other means if you dare to reject their offer. Your account manager will be kind and courteous and request remote access to your device after you deposit the money.
Their top priority is to access your internet banking. When you finally have had enough and request a withdrawal, both the support staff and your account manager will just stop giving you any attention. Your investment account will subsequently be frozen.
Axis Capital Trading Conditions
Axiscapital.io provides a few account options and requires a minimum deposit of $25 to open the most common one. There is no reason for you to provide your money to fraudsters when respectable and reliable brokers like FXTM and FBS offer accounts for $10 or less.
The platform offers leverage of 1:200; this is annoying because it can not be altered from the settings. High leverage trading could result in greater gains as well as greater losses, which is why leverage limits are in place in many jurisdictions. Always be careful not to set your settings too high, especially if you are just starting.
It’s remarkable, at the very least, that we received different spreads on the broker’s web platform and their MT5 interface. On the web platform, the spreads were astronomical—3 pip on EURUSD—while on MT5, we only received 0.2 pip on the same pair. You wouldn’t make much money trading with a spread of 3 pips; most brokers could offer a spread of 1.5 pips or even less. We are at a loss as to why the spreads are so drastically different; this can only mean that Axiscapital.io has engaged in some form of MT5 manipulation, as scammers occasionally do.
Methods and Fees for Deposits and Withdrawals
Although the broker explicitly mentions in the terms and conditions that you can deposit via wire transfer or with a credit/debit card, the reality was rather different. You can deposit using a card, which is fantastic news since if you had used this type of payment, it would be pretty simple to seek a chargeback since both Visa and MasterCard enable chargebacks within 540 days of the transaction.
However, a handful of cryptocurrencies ended up being the only choice for deposits. Never deposit cryptocurrency unless you are quite certain that you can trust the recipient, as such payments are irreversible and you can never get a chargeback.
Although Axiscapital.io claims to charge inactivity fees, it doesn’t say how much or how long after inactivity the fees start to accrue.
You can follow these methods to get your money back from Axis Capital:
Get supporting evidence for your claim
Maintain all documentation related to your investment account, such as trade confirmations, regular account statements, and documented correspondence with your broker. Additionally, you should keep a record of any calls and emails you have with the brokerage firm.
Avoid sending your broker a letter of complaint
Your initial thought might be to try to talk things out with your broker directly. The issue is that whatever you communicate, including letters sent or emails sent electronically, can be used against you. You must take care not to take any action that could jeopardize your claim.
Speak with a knowledgeable fund recovery firm
An experienced fund recovery firm, like Global Assets Refund, will provide support when you submit a claim. Our professionals will make every effort to get your money back from Axis Capital. You must make sure that you have developed a compelling case, which may be done by consulting with an experienced fund recovery expert.
Global Assets Refund not only has an outstanding eye for detail and loopholes but also access to a broad network of authoritative connections that can speed up the process of tracking down and reclaiming your assets from Axis Capital. Global Assets Refund is one step ahead of con artists thanks to their extensive knowledge and skill in the sector. Get in touch with us right away to learn more about how we can help you get your money back from Axis Capital.