Axon Markets

I can't log into my account. I haven't even started trading yet, and I still have principal in my account. I've contacted customer service, but they haven't responded.

Axon Markets is a scam broker. I traded XNGUSD using a manual, multi-day swing strategy: sell positions opened early in the week based on price action and fundamentals, then closed later to avoid weekend risk. All trades were held for 2–5 days - no scalping, no latency, no bots. After earning $16,600+ in legitimate profit, my account was blocked without warning, and all gains were deleted using a “Profit Adjustment” entry. I was never paid out. Their excuse: “arbitrage on misconfigured prices” - but they provide no evidence, timestamps, or specific trades. Meanwhile, losses were kept untouched, proving that only losing trades are allowed. I still have full access to MT5 via a virtual machine, with complete trade logs, execution timestamps, and screenshots proving normal activity. Support responded once, then ignored all follow-ups. If you make money here, they will find a reason to steal it. Avoid at all costs.

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.