AxCap247 is a Forex and CFD broker based in London, United Kingdom. AxCap247 is owned and Operated by the Axis Capital Markets Limited, authorised and regulated by the Financial Conduct Authority, Firm No. 589327. They have office at Princes Court, 7 Princes Street, London, EC2R 8AQ.
AxCap247 is considered safe, because it is regulated by top-tier financial authorities, like the UK FCA.
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AxCap247 offers a single trading account type and access to the good old MetaTrader4 platform. Most importantly, the broker holds a license with FCA, which means it is held to high security and transparency standards.
Although we believe that the cost of trading is not as significant as the security of your investment, spreads are still an important factor in the trading world. That being said, it seems that the offer of AxCap247 is not that attractive in terms of spreads. According to the information on its website, the broker’s target EUR/USD spread is 1.9 pips, while the average for the industry is 1.0 – 1.5 pips for this pair.
During our review of AxCap247 we saw that they are offering investors the popular Metatrader 4 platform. This reliable and user-friendly platform offers one of the best charting packages, in-depth market information, as well as automated trading via Expert Advisors, API connectivity, and more. It can be used as a web platform on any browser, as a desktop download, and as mobile apps.
Here at the Scam Expert Advisor, we have reviews of many Forex brokers and trading software. The number one item we check when reviewing a broker to see if they are a scam is a valid license.
The reason smart people online invest with a licensed broker, is because there are many investment scams online. By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the governments regulators.
AxCap247 owned and operated by the Axis Capital Markets Limited is licensed by the Financial Conduct Authority in United Kingdom.
We should note that FCA regulated brokers are obliged to follow strict financial and ethical rules, including to file regular reports, to allow external audits, to maintain a minimum operational capital in the amount of 730 000 EUR, to keep all the invested capital in a segregated, protected from creditors account and to participate in the Financial Services Compensation Scheme (FSCS). The FSCS coverage means that, if for any reason your broker is unable to pay, you will be entitled to a compensation of up to 85 000 GBP.
To get ahead of the trading world, you need astute and proficient brokers who know what they are doing. You need a broker who will guarantee your safety when trading. Go for brokers who have the necessary experience to make real and stable margins. What are you waiting for? Sign up with brokers who are diligent and proactive in their dealings. What are you waiting for? Time to sign up is now.
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The strongest selling point of AxCap247 is the FCA license, which means solid level of credibility. UK is one of the most popular online trading hubs in Europe and on a global scale, which is unlikely to change even after they exit the EU.
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