Redwood Axis Markets 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 want to warn everyone about Redwood Axis Markets. They have been flagged by Financial Conduct Authority 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.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Redwood Axis Markets 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: Detailed reporting|Low minimum deposit|Transparent fees|Real-time alerts
Cons: Research section could be deeper|Mobile app could be improved
Several red flags with Redwood Axis Markets: (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: Flagged by Financial Conduct Authority|Cannot verify credentials
The so-called education at Redwood Axis Markets is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: Multi-currency support|Stable platform|Good analytical tools
Cons: Currency conversion fee exists|No phone support on weekends
Redwood Axis Markets has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: No hidden fees|Risk management tools|Smooth onboarding|Comprehensive tools
Cons: Minimum deposit could be lower|No integrated tax optimization
I looked into Redwood Axis Markets and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
If you are reading this considering Redwood Axis Markets - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over since I opened my account last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Demo account available|Great customer service|Customizable dashboard|Multiple order types
Cons: Live chat only during business hours|No phone support on weekends
The spread at Redwood Axis Markets is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Good mobile app|Social trading features|Demo account available
Cons: Withdrawal takes 1-2 business days|Could offer more webinars
I referred a friend to Redwood Axis Markets after doing extensive research. 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: Reliable uptime|Fast deposits
Cons: No dark mode on mobile|No phone support on weekends