Axi

Axi operates through the domain axichina.com and claims to be a forex and CFD broker. It was registered in the United Kingdom on 27 November 2017. However, according to verified regulatory records, this entity is not the legitimate AxiTrader but a clone firm that misappropriates the licensing details of the real Australian broker AxiTrader (ASIC licence 318232).

A field survey conducted by an industry inspection team visited the claimed business address and found that the real occupant is AxiTrader, the legitimate broker. This confirms that Axi is misusing the address and licence information of AxiTrader to appear regulated when it is not. Traders should be aware that this entity has no valid regulatory oversight and is operating fraudulently.

Axi claims to be regulated by the Australian Securities and Investments Commission (ASIC) under licence number 318232. However, this licence belongs to the legitimate broker AxiTrader, not to the entity operating under axichina.com. ASIC’s public register confirms that licence 318232 is held by AxiCorp Financial Services Pty Ltd (trading as AxiTrader), and there is no record of any affiliation with this clone firm.

Without valid regulation, Axi is not authorised to provide financial services in Australia or any other jurisdiction. The absence of regulatory oversight means there is no assurance of client fund security, dispute resolution mechanisms, or compliance with financial conduct standards. FXCanary strongly advises traders to treat this broker as high-risk.

Based on the domain axichina.com, the broker likely offers forex and CFD trading on various instruments, but no specific details are verifiable. Given its status as a clone, the actual trading conditions, platforms, and offerings may be misrepresented or non-existent. Traders should not assume that any advertised products are genuine.

There is no reliable information on account types, spreads, leverage, or trading platforms. The broker’s primary activity appears to be impersonation rather than legitimate brokerage operations. Any engagement with this entity carries a significant risk of fraud.

As an unregulated clone, Axi provides no client fund protection. Legitimate regulated brokers are required to segregate client funds from operational accounts and often participate in compensation schemes. None of these safeguards apply here.

The field survey evidence suggests that the broker does not even operate from its claimed address. Clients depositing funds with this entity have no recourse if funds are lost or misappropriated. Due diligence is essential, and this broker fails every basic test of trustworthiness.

FXCanary assigns a Scam Risk Score of 85 out of 100 to Axi, indicating a severe risk level. This score reflects the confirmed impersonation of a regulated broker, lack of legitimate licensing, misleading address information, and absence of verifiable operational history.

The high score serves as a clear warning. Traders should avoid any dealings with this broker. The combination of fraudulent claims and no regulatory oversight makes it unsuitable for any form of trading.