Archax Finance Review
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Fast Facts
Contact Info and Support
Traffic information
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About Archax Finance
BaFin published a consumer warning dated March 14, 2024 concerning financial and investment services offered through archax-finance.com by unknown operators without the required authorisation. The warning identifies the operator as unauthorised under Section 37(4) of the German Banking Act (KWG).
The FCA-authorised firm Archax Ltd is a separate company with FCA Firm Reference Number 838656 and the official website www.archax.com. The FCA states that clone firms using Archax’s identity have no connection with the genuine Archax Ltd. The FCA warning for Archax Trade lists archaxtrade.com as the clone domain; it does not authorise archax-finance.com.
No regulator, licence number, trading platform, account type, minimum deposit, spreads, commissions, leverage limit, base currency, swap-free option, negative balance protection, hedging policy, scalping policy or expert-advisor policy is confirmed for the operator of archax-finance.com in the cited regulatory records.
Pros and cons
Pros
- Its name resembles the genuine FCA-authorised Archax Ltd, which is recorded under FRN 838656; this authorisation belongs to the separate firm and not to
archax-finance.com.
Cons
- BaFin identified the services offered through
archax-finance.comas unauthorised. - The operator is not identified in the cited warning.
- The domain is not the official website of the FCA-authorised Archax Ltd.
- The cited official records do not confirm standard broker terms or investor-protection arrangements for
archax-finance.com.
