Axion Invest 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.
KYC with Axion Invest is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good mobile app|Multi-device support|Clear documentation
Cons: Charting tools need more indicators|Alert system is basic
I wanted to transfer my portfolio from another broker to Axion Invest. 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: No hidden fees|Risk management tools|Multiple order types|Tax reports included
Cons: Minor UI glitches occasionally|No fractional shares
After for about three months with Axion Invest, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Detailed reporting|Social trading features
Cons: Wish they had more educational resources
Axion Invest 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|Good analytical tools|Educational resources|Customizable dashboard
Cons: Could offer more webinars|Withdrawal takes 1-2 business days
I had high hopes for Axion Invest after comparing multiple platforms, 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: Responsive team|Tax reports included|Intuitive for beginners
Cons: No live chat on mobile|Wish they had more educational resources
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Axion Invest is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
After seeing ads for Axion Invest online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The platform itself is okay, but the customer service at Axion Invest is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Economic calendar|Real-time alerts|Dedicated account manager
Cons: Slow to add new assets|Email notifications too frequent