Anaxdex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I lost a significant amount because Anaxdex did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Clear documentation|High security standards|Market news feed
Cons: Onboarding videos are outdated
Anaxdex advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good mobile app|Quick verification|Portfolio tracking tools|Customizable dashboard
Cons: Charting tools need more indicators
Several red flags with Anaxdex: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I wanted to transfer my portfolio from another broker to Anaxdex. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Transparent fees|Social trading features|No hidden fees|Regular updates
Cons: No integrated tax optimization
I referred a friend to Anaxdex after a family member had a good experience. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Educational resources|Good analytical tools|Segregated accounts|Stable platform
Cons: Mobile app could be improved
The hidden fees at Anaxdex are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Reliable uptime|Clean UI
Cons: Spreads widen during volatile periods
I found Anaxdex while looking for alternatives to my previous provider and the initial impression was positive. But since early this year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Intuitive for beginners|Two-factor authentication|Personal attention|Multi-device support
Cons: Email notifications too frequent
After spending for just over a year trying to make Anaxdex work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Responsive team|Stable platform
Cons: Could offer more webinars
Tried to withdraw my funds from Anaxdex and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
My withdrawal from Anaxdex was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past six months of being strung along.
Pros: Stable platform|Real-time alerts
Cons: Onboarding videos are outdated