ANSWER AXECAP is not a licensed or regulated broker even though it states offers that look good to be true. AXECAP claims to be registered with and regulated by several authorities, including the Belize Financial Services Commission (Belize FSC), the National Futures Association (NFA), and the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). However, we did not find any match results to AXECAP in Belize FSC and SVG FSA.What's more, when we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. The truth is that AXECAP is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like AXECAP and trade with licensed brokers.
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