Tag: Axi Financial Services UK

We brought our initial review of broker scheme One Financial Markets (OFM) in May 2022 and a brief update in October. OFM is a brand alongside AXI, with which the Australian AXI Group is active. AXI Group has regulatory permission from the UK FCA and South Africa's FSCA. However, the offshore mutations of OFM and AXI are operated by an entity in St. Vincent & The Grenadines. We have added AXI Group to our Orange Compliance list.

Israeli-Cyprus BridgerPay of Ran Cohen recently announced the successful completion of $6 million in seed funding with Southern Israel Bridging Fund (SIBF), touting its smart payment gateway. Among other things, this would also detect fraud and ensure that credit card payment rejection rates would drop dramatically. Well, the BridgerPay intelligent software evidently failed to detect the ICorp Securities broker scam and thus facilitates it happily. The Spanish CNMV recently issued a warning against it.

FinTelegram reviewers noticed that the websites of the offshore brokers DBFX, NewFX, or OnspotBNK load their content from www.onefinancialmarkets.com, which belongs to the FCA-regulated One Financial Markets broker. Financial regulators have warned against these offshore brokers. So we took a closed look at this FCA-regulated broker and found out that it also offers potential customers from the UK and the EU leverage of up to 1:500 via offshore onboarding. Here is our initial review on OneFinancialMarktes and the AXI Group.