Axiory Review
Broker: Axiory
Leverage: 1:777
Regulation: FSC
Min. Deposit: 10 US$
HQ: Belize
Platforms: MT4, MT5, cTrader
Found In: 2011
Website: axiory.com
Axiory licences
Axiory Global Limited is authorized by FSC (Belize), registration number. 000122/15
Tradit Ltd - Authorized by FSC (Mauritius), registration no. 179444
What is Axiory?
Global traders can access the forex and CFDs markets through Axiory. It was established in 2011. Axiory's original concept is transparent offering to clients and traders. Traders will receive the best technology to increase their success.
Axiory is a group of companies and brokers who have their headquarters in Belize. Broker has gained international exposure through its long-standing involvement in trading and managing representative offices in Dubai. This allowed Broker to access clients from the EEA and the Middle East.
Overview
Axiory, a regulated broker, has good trading technology, MetaTrader and cTrader platform that are suitable for active and beginners traders.
Axiory's Belize location is a negative. We recommend that you do your own research on transparency. Also, instruments are limited to Forex or CFDs.
Pros
Corporate and management possibilities
Demo account
Cons
No multi-currency accounts
No product descriptions
Rating of the company overall
Reliability ⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 3.7
Is Axiory safe?
Although Axiory isn't a fraud, we discovered that the company is based in Belize. This is an offshore jurisdiction well-known for its easy access to a Forex trading license. This attracted many brokers, as well as unscrupulous enthusiasts, which led to Forex trading and brokerage being branded a fraud.
The Mauritius license was recently added by the broker to the Tradit Ltd.
Recently, Belize regulation has changed its policy. It now requires brokerage businesses to have higher capitalization. At the start of the application process, the company will need to deposit $100,000. It's all good news , and the broker can be trusted.
Is Axiory legal?
First, Axiory, a trading name, operates under , an AXIORY company group with a Belize registered address and a range representative offices, including Dubai.
What can you do to be protected?
Axiory must also implement funds segregation to ensure that client funds are kept separate from company funds. Regular audits of the broker are done on a regular basis and reports are made according to requirements. This ensures transparency as prices are directly received from liquidity providers. Reporting confirms that there is no intervention.
Axiory is also a member the Financial Commission. This independent commission protects clients' funds in the event of broker insolvency, and reimburses trading accounts up to 20,000$
Leverage
Leverage, a powerful tool that can increase your income by increasing trading capital in a specific number of times (referred to as a ratio), is very effective. Forex trading is well-known for its leverage potential. This means that even if you have a small initial capital, you can potentially gain a lot of exposure to the markets.
But, due to its incredible capabilities, leverage also increases risks. Therefore, world authorities limit the use of high leverage. However, some brokers offer this tempting opportunity. Axiory, one of these brokers, will eventually limit its offered leverage to 1:777.
The instrument you trade will also determine the leverage levels. They vary depending on the asset type and the amount traded. For exact levels, check the conditions on a trading platform.
Leverage of Forex instruments and Currency Pairs is limited to 1;500
CFDs on Indices, and more up to 1:200according the instrument conditions
Commodity CFDs offer up to 1100
CFD Stocks are 1:5 for STD and NANO accounts. For MAX Account, it is 1:10
Types of accounts
Axiory offers five types of accounts: Nano Account, Standard Account. MAX Account. TERA Account. It is possible to use both MT4 or cTrader from one account. This is a great feature. Axiory is very generous in allowing customization of trading conditions. You can also discuss trading conditions with customer service while you are trading.
You can buy ETFs and invest in stocks of 100s global brands with Axiory’s Alpha account. Access the investment account via the multi-asset MT5 platform.
The multi-asset platform is a powerful and versatile trading platform that offers more technical indicators, time frames and the same friendly interface. MetaTrader 5 can be used on Tera account.
You can also sign up for an Islamic Account for traders who require it. Additionally, you can always sign in for a free demo account available on both platforms so that you can view trading conditions and simulate performance before you make a decision.
This guide will show you how to open a new account.
1. Load Axiory Sign in page
2. Register your personal data (Name, email, phone etc.)
3. Verify your details and confirm access via an email
4. This stage allows you to access a practice account
5. Make your first deposit, and then choose an account type. Contact customer service to define conditions
6. Trade
Trade Instruments
Axiory allows you to trade in many markets, including Forex and CFD Indices. If you are looking for Futures trading, it is a good idea to consider other brokers.
Fees
Axiory provides customized trading terms and fees. This means that you will interact with customer service to discuss your objectives, perspectives and needs so theAxiory can tailor your conditions with the best proposal.
This is a rare opportunity as there are not many brokers that offer it. You can also choose to trade with raw spreads and commission charges or NDD spread-based fees.
Spreads
Pricing for Axiory is different. Each account has different conditions. Nano Accounts are defined with a raw spread of EURUSD 0.2 pip and $6 commission per lot.
Standard account has spread-only basis of EUR USD 1.2. MAX account proposes greater leverage up to 1:1500 spread. The EUR USD pair is approximately 1.8.
Swap or overnight charges should also be considered if you have positions that last more than one day. See examples in the snapshot below.
The Standard fee conditions might appear a little higher than those for Axiory, but trading conditions are flexible, so you can discuss it with the support center. You can also compare Axiory fees to its peer BDSwiss.
Deposits and withdrawals
Axiory creates a user-friendly proposal and handles money transfers to or out of the trading account. You can access the money at any time. Additionally, you have the option to choose a payment provider based on your location.
Deposit Methods
Axiory employs the most popular methods as well as diversifying its range with the possibility to transfer funds.
The payment option you choose will include the following providers. However, it is important to confirm which providers are available in your country and allow transfers.
Debit and Credit Cards
Wire Transfer
E-payments Skrill, Neteller, STICPAY etc.
Axiory minimum deposit
Minimum deposit at Axiory is 10$ Axiory covers deposits via Wire transfer and Cards, but fees may apply to wire transfers and cards. Fees can also be charged by payment providers based on your country of origin or other applicable laws.
Is it possible to withdraw money from Axiory
Yes, you are able to withdraw money from Axiory. You can use the same withdrawal methods that you used for deposit. Axiory offers free withdrawal via credit cards and STICPAY. Other banks may charge fees. Check with customer service for details.
The time it takes to withdraw and receive payment depends on the method. While the broker promises that he will confirm the withdrawal request within 1-2 business days, payment providers can take up to 3-10 days.
Trade Platforms
You have the option of choosing from MT4, MT5 or cTrader trading platforms. This combination will eventually prove to be the best, as traders of all sizes, abilities, and needs will find the perfect solution.
MetaTrader4 and MetaTrader5 represent the gold standard for traders. MetaTrader4 is for auto trading and copy trading. MetaTrader5 is for robot traders. cTrader, on the other hand, is well-known for its great features and progressive capabilities.
Web Platform
Web Platform has the advantage that you don't need to download any program. You can trade right from your browser. Both Axiory platforms cTrader, and MT4 are available in web versions.
Web Platfrom is a simplified versionthat is better suited for beginning and average traders. It also has more tools and capabilities than the desktop version.
Desktop platform
MT4, MT5 or cTrader are compatible with all devices, including PCs and MACs. You can choose which platform you want to use. It is important to note that all accounts support both platforms. You can use them all at once, which is awesome.
cTrader is a modern platform that combines cutting-edge technology with an intuitive GUI. It is a great alternative to MT4 and offers a lot of the same features. MT4 is still the most popular among industry traders because of its excellent charting and visual functions, as well as endless possibilities for copy trading, adjustments to EAs, and unlimited capabilities.
Mobile Trading Platform
You will be kept informed about trading progress and market conditions via the Mobile Platform. Easy to use apps for iPhone and Android devices. These apps are also based on MT4 engine and cTrader app. They allow you to enjoy good conditions right from your phone.
Support for Customers
We consider Axiory customer service services as an important part the broker's proposal. We would say that it is at the very god level and proud strengths by the broker.
Axiory has developed customer support that can be accessed via chat, email, and phone lines. It also represents services in major destinations such as Singapore, UAE and Chile.
Their answers were very relevant to our needs. Support is also easy and responsive.
Education
Axiory also offers education materials through Trading Academy to help beginners. These include market basics, strategical developments and trading terms. Axiory has also expanded its offerings and now offers Webinars approximately 5 times a month.
Axiory offers a thorough technical analysis, despite the fact that it is not a school. This feature is great for traders both newbies as well as professionals.
There are also a variety of research tools, including Calculators, Indicators, and other tools such as MyAxiory or Autochartist.
Conclusion
Axiory Review, a long-standing, reliable and well-respected broker that serves many clients, is at the bottom of the list. Technical solutions and professional platforms MT4/cTrader provide excellent trading performance. Beginning traders will benefit from the great education and technical analysis provided by in-house experts. Although broker is primarily an offshore broker, the conditions and strict standards that were applied to it made Axiory a safe broker to choose.