According to our previous investigation, AXOFA claimed to be only registered with the Saint Vincent FSA and never held any valid license from a recognized financial regulatory authority, meaning its financial activities were unregulated and carried a high risk of fraud. Furthermore, we found that the domain "https://axofa.com/" is currently inaccessible and on sale. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.