Astraxexchange has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Astraxexchange is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known city : Washington, United States This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: astraxexchange.com, astrax-exchange.com, web.astraxexchange.com.
I had high hopes for Astraxexchange from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Good mobile app|Easy to use platform|API access
Cons: Account statements could be more detailed
Do not be fooled by the professional-looking website. Behind the scenes, Astraxexchange is disorganized and incompetent. I found them after a trusted YouTuber reviewed them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Great customer service|Customizable dashboard|Dedicated account manager
Cons: Could offer more webinars
I want to warn everyone about Astraxexchange. They have been flagged by Autorité des marchés financiers as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I joined Astraxexchange based on a colleague's recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Full transparency|Social trading features|Comprehensive tools
Cons: Minimum deposit could be lower
Astraxexchange offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Clean UI|Multi-device support|Excellent charting|Portfolio tracking tools
Cons: Limited cryptocurrency options|Limited ETF selection