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eaforex5

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axofa broker scam.

they have ended partnership with metatrader.

hopefully no more victims

all client accounts cannot login and withdrawals are closed

Linkback: https://www.forex.zone/scam-brokers/3/axofa/4531/
#1 - September 20, 2024, 05:35:45 PM
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Ikhtiar

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If there is a broker that does not use MetaTrader, I think it is not good, especially if it is a new broker whose regulations are unclear, we should be careful in choosing a broker so that we can trade comfortably.
#2 - March 31, 2025, 11:15:03 AM

Ikhtiar

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Information like this is indeed very concerning, especially if it's true that client account access is blocked and withdrawals are blocked. However, we still need to be cautious in our judgment, as cases like this need to be verified from various official sources. If a broker truly terminates its partnership with MetaTrader and clients are unable to access their accounts, this is clearly a serious signal and requires immediate attention.
#3 - December 08, 2025, 11:40:07 PM

eaforex5

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I received a report that this broker is not a company but is managed by a group of individuals. There is no legal framework to protect clients.
#4 - January 24, 2026, 12:06:30 AM

Ikhtiar

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Quote from: eaforex5 on January 24, 2026, 12:06:30 AM
I received a report that this broker is not a company but is managed by a group of individuals. There is no legal framework to protect clients.
Indeed, in the trading world, legal frameworks and regulations are the primary foundation for ensuring investor security. Unlicensed brokers typically don't undergo audits, aren't supervised by financial authorities, and tend to operate without transparency. This situation is highly vulnerable because anyone can manage the platform without accountability.
#5 - January 24, 2026, 11:42:46 AM

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Axofa in Scam Brokers_6803a6c52eb12
#6 - Today at 11:28:51 PM

eaforex5

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They closed in less than two years. This broker lacked complete information. The office location was fictitious, and other publicly available information was false.
#6 - February 04, 2026, 11:23:55 PM

Ikhtiar

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Quote from: eaforex5 on February 04, 2026, 11:23:55 PM
They closed in less than two years. This broker lacked complete information. The office location was fictitious, and other publicly available information was false.
Thank you for the information. Cases like this serve as an important reminder for all of us to always conduct due diligence before choosing a broker: check legality, seek independent reviews, ensure proper regulation, and avoid platforms that conceal their identity.
#7 - February 04, 2026, 11:30:58 PM

eaforex5

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I know the CEO of this broker is in Indonesia. When this broker first launched, they offered a referral event with a $100 prize that could be withdrawn immediately. I tried it, and they paid. I've never made a deposit because it's highly discouraged.
#8 - February 04, 2026, 11:41:43 PM

Ikhtiar

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Quote from: eaforex5 on February 04, 2026, 11:41:43 PM
I know the CEO of this broker is in Indonesia. When this broker first launched, they offered a referral event with a $100 prize that could be withdrawn immediately. I tried it, and they paid. I've never made a deposit because it's highly discouraged.
While your experience shows that they do pay upfront, it's still important to exercise caution before entrusting larger funds. Using a broker with a strong track record and clear regulations is usually much safer in the long run.
#9 - February 07, 2026, 10:12:46 PM

eaforex5

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right, my goal is just to test what they promote. regulation is the main thing that needs to be taken into consideration
#10 - February 07, 2026, 10:24:04 PM

Ikhtiar

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Quote from: eaforex5 on February 07, 2026, 10:24:04 PM
right, my goal is just to test what they promote. regulation is the main thing that needs to be taken into consideration
While it's perfectly acceptable to try or test what they're promoting, caution should still be exercised. Regulation is the most important factor when evaluating a platform, especially in the world of trading, crypto, or online investing.
#11 - February 13, 2026, 01:58:48 AM

eaforex5

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In my observation, this broker does not have many clients because it does not have clear regulations in my country.
#12 - February 13, 2026, 11:48:23 AM

Ikhtiar

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Quote from: eaforex5 on February 13, 2026, 11:48:23 AM
In my observation, this broker does not have many clients because it does not have clear regulations in my country.
The lack of clear regulations in a country could be the reason why a broker's client base is small, or even non-existent. It's better to choose a broker with a proven track record of paying out profits.
#13 - February 16, 2026, 11:44:54 AM

eaforex5

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Over 60% of Indonesian traders prefer foreign brokers, a fact that Indonesia lacks strong laws protecting client funds.
#14 - February 16, 2026, 12:29:55 PM

Ikhtiar

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Quote from: eaforex5 on February 16, 2026, 12:29:55 PM
Over 60% of Indonesian traders prefer foreign brokers, a fact that Indonesia lacks strong laws protecting client funds.
While overseas brokers are quite attractive, choosing one also carries risks. If a dispute arises, it will be resolved according to the laws of the country where the broker is regulated.
#15 - February 17, 2026, 01:33:56 AM
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