AXELON BIT has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I closed a profitable position at AXELON BIT and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Two-factor authentication|Fast deposits|Clean UI
Cons: Minimum deposit could be lower|Alert system is basic
The platform at AXELON BIT is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Instant funding|Excellent charting|Segregated accounts|Automated trading options
Cons: Mobile app could be improved
AXELON BIT has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Good mobile app|Helpful community forum
Cons: Spreads widen during volatile periods|No phone support on weekends
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. AXELON BIT recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Easy withdrawals|Full transparency
Cons: Limited social trading features|Limited demo account features
Tried to withdraw my funds from AXELON BIT 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: Withdrawal fees demanded|Communication cut off|Not authorized
I trusted AXELON BIT with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Two-factor authentication|Full transparency|Wide product range|High security standards
Cons: No live chat on mobile|No crypto staking
AXELON BIT 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: Quick verification|Market news feed|Comprehensive tools|Customizable dashboard
Cons: Inactivity fee applies after 12 months
Several red flags with AXELON BIT: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct 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.
Cons: Not registered with regulators|Unrealistic promises
Do not believe the bonus offer from AXELON BIT. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Intuitive for beginners|Dividend tracking|Automated trading options|Good analytical tools
Cons: Limited cryptocurrency options
I signed up with AXELON BIT after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Transparent fees|Clean UI
Cons: Cannot customize dashboard fully|Onboarding videos are outdated