Axon Markets

jantrading

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Unverified

I am posting this to warn others and to ask if anyone had similar issues with Axon Markets or other offshore brokers. I traded XNGUSD (natural gas) using a simple multi-day swing strategy: I opened sell trades based on technicals and fundamentals early in the week and closed them later to avoid weekend risk. These were normal trades held for several days, no scalping, no bots, no latency tricks - just clean manual execution through MT5. I made over 16100 USD in profit. Shortly after closing the trades, Axon Markets blocked my account and used a "Profit Adjustment" to erase all gains. They claimed arbitrage on misconfigured prices but provided no proof, no timestamps, and no evidence of any rule violation. Meanwhile, all loss trades stayed untouched - so they only let you lose, not win. I still have full access to my MT5 terminal because it was running on a virtual machine. I downloaded the full trade report and journal log before they could cut access. I am attaching screenshots and the HTML trade report to this post. They replied once, saying the case was forwarded, and have ignored every message since. Has anyone else had profits deleted like this? - What are your experiences with offshore brokers? - Can we report this to the Seychelles FSA with any hope of result? - Any recommendations for reliable brokers who actually pay out? Would love to hear what the community thinks. Thanks in advance.