AXEL

Axel Private Market (APM) - Overview

Axel Private Market (APM) is a global contract for difference (CFD) broker that was founded in 2019 that markets itself as a credible and sophisticated broker that prides itself on providing low costs for trades and a stable, safe environment for its clients.

Main Items of Concern Regarding Transparency:

The most pronounced issue is there is a striking lack of any truly transparent, verifiable information on all pertinent aspects of the broker’s business, causing an inability to assess the service, and exposing considerable risk to any potential deposit.

Most Assertive Pieces of Information that Are Missing:

Regulatory Status - There is no mention of any verifiable licenses from any of the top regulators (FCA, CySEC, or ASIC) anywhere on it’s website. This should raise immediate concerns as there are no regulations protecting client funds.

Trading Conditions - The following, along with other important information is missing:

What all instruments are available to clients,

What are the spreads charged, minimum deposit to open an account, and limits on leverage, and,

What trading platform is offered (MetaTrader, proprietary, etc.)

Fees - The company doesn’t provide a clearly laid out schedule of commission or deposit/withdrawal fees, or inactivity fees.

Company Information - The company does not indicate the name of a founder, nor does it list a clearly disclosed physical address.

Reputation - Independent user reviews or testimonials cannot be found anywhere to establish that the company is simply “trusted.”

Final Thoughts:

The lack of any transparency on regulation, fees, and business practices, despite the advertisements of professionalism, indicate that APM is clearly questionable and should exercise caution. This recommendation comes with a strong safety warning and insistence for indepedent verification before participating in any business with this broker.