Axen Broker
We checked Axen Broker against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Axen Broker states that it holds multiple licenses, however, upon investigation, several red flags appear. Axen Broker claims its entities are licensed by DMCC. While the claimed entities could be verified to be registered with DMCC, this does not authorize forex trading. In the UAE, only SCA and DFSA regulate forex. DMCC registration is not a valid trading license. The platform claims AXEN TRADING CURRENCIES IN SPOT MARKET LLC is regulated by the UAE’s SCA. However, no record of this entity appears in the SCA’s official registry, casting doubt on this claim. Axen Broker also states it is regulated by the BVI FSC, but we found no evidence of registration in the BVI FSC’s public database. The only verifiable regulation is AXEN GROUP LTD under the Anjouan Offshore Finance Authority (AOFA). AOFA is known for weak oversight and lacks international recognition. The entity has no registered domain, and its link to the platform is unclear. Given these red flags—false regulatory claims and reliance on a disreputable authority—we conclude that Axen Broker is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Axen Broker.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.