Global Broker Regulation Inquiry App
WikiFX
Tom Nalichowski 
1-2 years
What are the disadvantages of trading with Axel Capitals?
Broker Issues
Regulation
07-07
United States
WikiFX
Reply
The most significant disadvantage of trading with Axel Capitals is its unregulated status. This means that the platform is not subject to the strict regulations and oversight provided by recognized authorities such as the FCA, ASIC, or CySEC, which leaves traders vulnerable. Additionally, Axel Capitals offers limited information regarding its trading fees, spreads, and commissions, which makes it difficult for traders to fully assess the cost of trading on the platform. The high minimum deposit requirement of €10,000 for the Bronze account may also be a deterrent for many traders, particularly beginners.
Similar Questions
Is INFINOX safe and legit?
Elio Matacena
07-05
What are the pros and cons of XTB?
Tom Nalichowski
07-10
What are the benefits of trading with GO4REX?
Ibgentle
05-23
Is CISCO a regulated broker?
Wahab
05-07
Is BOOM overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
Rojas
09-02