Axes LLC ( Axes.co ) Forex Broker SCAM Alert

Few weeks ago the Autorité des marchés financiers (AMF) warned Québec consumers about solicitations made by Axes LLC, whose website is www.axes.co.» Warning by the AMF

«Account statements may show significant profits when victims check them on the platform. However, when victims try to recover their money, the contact at Axes LLC will use various avoidance tactics while offering them such things as insurance, protection plans or new attractive promotions to get even more money out of them. After some time passes, victims are no longer able to reach the contact or anyone else at Axes LLC. They never recover their investment.»

Autorité des marchés financiers (AMF)

The British Columbia Securities Commission (BCSC) has also issued a warning regarding the forex broker Axes LLC (axes.co). » Warning from the BCSC

«Axes LLC claims to be based in London, United Kingdom, and claims to be a forex and contract for difference broker. We are aware that Axes LLC accepts British Columbia (BC) residents as clients. Axes LLC is not registered to trade in, or advise on, securities or derivatives in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.»

British Columbia Securities Commission (BCSC)

The New Zealand Financial Markets Authority (FMA) has also issued a warning about forex broker Axes LLC (Axes.co). » Warning from the FMA

We are concerned Axes LLC and its website, https://axes.co/ have the hallmarks of a scam. We recommend exercising caution when dealing with this entity. Axes LLC is not a registered financial service provider and is unable to offer financial services/products to New Zealand residents. Axes LLC’s claims of being a regulated entity for the services it offers are also false.

New Zealand Financial Markets Authority (FMA)

Always verify if the Forex Broker is Authorized in Canada

Before doing business with a forex broker in Canada, it is imperative that you verify if the broker is registred with the Investment Industry Regulatory Organization of Canada (IIROC). Companies and individuals registered with the authorities must adhere to strict criteria on its liquidity and business practices. Consult the IIROC registry » Official Website

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Forex Brokers in Canada are regulated by the Investment Industry Regulatory Organization of Canada (IIROC). All investment dealers, forex brokers, stocks brokers and any trading activity on debt and equity markets in Canada are oversees by the IIROC. The Investment Industry Regulatory Organization of Canada sets regulatory and investment industry standards. IIROC is recognized by the Canadian Securities Administrators (CSA) which includes all Canadian provinces including the following regulatorty bodies in Canada:

• Alberta Securities Commission (Alberta)
• Autorité des Marchés Financiers (Québec)
• British Columbia Securities Commission (British Columbia)
• Manitoba Securities Commission (Manitoba)
• New Brunswick Securities Commission (New Brunswick)
• Newfoundland Securities Commission (Newfoundland)
• Nova Scotia Securities Commission (Nova Scotia)
• Ontario Securities Commission (Ontario)
• Office of the Superintendent of Securities (Prince Edward Island)
• Saskatchewan Financial Services Commission (Saskatchewan)