AxCap247 – what we know and have as facts about it; AxCap247 is a brand name of Axis Capital Markets Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) under reference number 589327. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Order Execution Policy document that the company currently executes orders for spot FX and CFDs. The company does not use a prime broker to execute orders. This means AxCap247 can act as a market maker for most of the orders it executes. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of AxCap247. If you have any criticism to share with us or feel annoyed by AxCap247, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and AxCap247 if you wish.