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Axia Investments

Latest release: 1.0.44 ( 29th December 2021 ) 🔍 Last analysed 21st October 2021 . Can't send or receive bitcoins
4.6 ★★★★★
26 ratings
16th November 2020

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

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The Analysis 

(Analysis from Android review)

App Description

Axia Investments is a registered brand of the most secure and trusted trading online broker in the MENA region. Axia Investments, through its client-centric strategy, empowers clients’ investment decisions by providing a unique practical educational program backed by original resourceful materials.

The Site

It allows the trade of: forex, CFDs (including cryptocurrencies), commodities, indices and stocks

Verdict

Like most forex trading apps, this service only allows the trading of cryptocurrencies via CFDs. The means of funding the user account is also constrained to traditional fiat means. This app, therefore cannot send and receive bitcoins in the sense of a Bitcoin wallet.

(dg)

Verdict Explained

The product can't send or receive BTC.

As part of our Methodology, we ask:

No send/receive!

Can it send and receive bitcoins?

If the answer is "no", we mark it as "Can't send or receive bitcoins".

If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.

All products in this category are custodial and thus funds are at the mercy of the provider.

The product cannot be independently verified. If the provider puts your funds at risk on purpose or by accident, you will probably not know about the issue before people start losing money. If the provider is more criminally inclined he might have collected all the backups of all the wallets, ready to be emptied at the press of a button. The product might have a formidable track record but out of distress or change in management turns out to be evil from some point on, with nobody outside ever knowing before it is too late.