AXIS TRADING GROUP INC. - Advisory Warning No. 15 of 2013 (2013-05-27)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission cautioning against AXIS TRADING GROUP INC., an entity operating the website https://atg-direct.com and offering online forex trading services while falsely suggesting it is regulated in the British Virgin Islands. The FSC confirms the company has never been licensed to carry on investment business in or from within the Territory.

• Entity named: AXIS TRADING GROUP INC., a BVI Business Company operating at https://atg-direct.com, offering online forex trading.
• FSC finding: AXIS TRADING GROUP INC. has never been licensed by the FSC to carry on investment business in or from within the BVI.
• False claim noted: The FSC also flags the entity's inaccurate website statement that the BVI has a free economic zone to optimize taxing.
• Public guidance: Members of the public are urged to exercise extreme caution in any dealings with AXIS TRADING GROUP INC. and to report information on suspected illegal or improper activity by such entities to the FSC.
• Legal basis: The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational public alert rather than a rule or licensing requirement; it does not create ongoing compliance obligations for regulated entities but serves to warn the public and industry about an unlicensed entity.

Applies to

unlicensed entities purporting to conduct investment business, members of the public dealing with AXIS TRADING GROUP INC.