- What is Axiory?
- Axiory Pros and Cons
- Safe or a scam?
- Deposits and Withdrawals
- Trading Platform
- Customer Support
What is Axiory?
Axiory, established in 2011, offers global traders a savvy, friendly, and intuitive space to access the forex and CFDs market. The original idea of Axiory found is based on transparent offering to the clients and trading community, while traders will get unparalleled and well-developed technology for its greater success.
Axiory operates as a group of companies, and trading brokers that headquarters in Belize. Yet, Broker gained global exposure since operating for a quite long time in the world of trading and running representative offices in Dubai, which brought access to both EEA clients and the Middle East as well.
Axiory Pros and Cons
Axiory is a regulated broker with good trading technology, MetaTrader, and cTrader platform suitable for beginners and active traders.
On the negative side, Axiory is based in Belize so we recommend doing your own research about transparency, also instruments are limited to Forex and CFDs.
10 Points Summary
|🗺️ Regulation||IFSC (Belize), FSC (Mauritius)|
|🖥 Platforms||MT4, MT5, cTrader|
|📉 Instruments||Forex, CFD Indices, Stock CFDs, Energies, and Metals|
|💰 EUR/USD Spread||1.2 pip|
|🎮 Demo Account||Available|
|💳 Minimum deposit|| $10 |
|💰 Base currencies||Several currencies|
|📚 Education||Learning materials and technical analysis|
|☎ Customer Support||24/5 |
Is Axiory safe or a scam
Axiory is not a scam, but we found out the company takes its origin from the Belize, which is known as offshore jurisdiction known earlier for a relatively easy way to obtain a Forex trading license. This of course attracted numerous brokers and also unscrupulous enthusiasts as well which made reputation of Forex trading and brokerage run like a scam.
Recently the broker also added the Mauritius license (FSC) under the company Tradit Ltd.
However, recently Belize regulation updated its policy and requires higher capitalization and standards for brokerage business while the company will be asked to deposit a capitalization of $100,000 at the beginning of the application process. So all in all it makes things much better, so the broker can be trusted.
Is Axiory legitimate?
First of all, Axiory is a trading name that operates as an AXIORY group of companies with a registered address in Belize and a range of representative offices including Dubai. Also, Axiory operates since 2011 and ever since established a quite good trading basis and the trading community they serve.
How are you protected?
Axiory is also obliged to funds segregation means client funds are strictly separated from the company ones. The broker is regularly audited and reported on required terms, which means there is a sustainable level of transparency since prices are received directly from liquidity providers and reporting confirms its no-intervention environment.
In addition, Axiory is a member of the Financial Commission, an independent commission that protects clients’ fund in case of the brokers’ insolvency and reimburses trading accounts up to 20,000$
Leverage is a very powerful tool that tends to magnify your income through its possibility to increase trading capital in a certain number of times, defined as a ratio. Forex trading indeed is popular for its leverage opportunity, meaning that with initially small capital you potentially may gain quite good exposure to the markets.
However, with its great capabilities, leverage increases risks in parallel as well, thus world authorities restrict the use of the high leverage, while some brokers still offer this alluring opportunity. Eventually, Axiory is one of those brokers that still define its range of offered leverage up to 1:777.
Leverage levels are also defined by the instrument you trade and vary according to their asset category and the amount traded. Therefore, for exact levels check conditions through a trading platform.
- Forex instruments and Currency Pairs leverage is set to a maximum of 1:500
- CFDs on Indices and more up to 1:200 according to the instrument conditions
- Commodity CFDs offering up to 1:100
- CFD Stocks is 1:5 for STD and NANO accounts, For MAX Account it is set to 1:10
There are five main account types offered by Axiory including Nano Account, Standard Account, MAX Account, TERA Account, and Alpha Account. What is absolutely great, you can combine the use of both platforms MT4 and cTrader through one account. Also Axiory being very generous allowing customization of the trading conditions, so while trading you can discuss conditions with the customer service.
You can invest in the stocks 100s of global brands and buy ETFs with Axiory’s Alpha account. Access the investment account on the multi-asset MT5 platform.
You can choose the multi-asset, powerful trading platform with more tech indicators and time-frames and the same friendly interface. You can use MetaTrader 5 on Axiory’s Tera account.
In addition, there is availability of Islamic Account for those traders requiring so, and you may always sign in for Free Demo Account available for both platforms offered, so you can see trading conditions, simulate performance and make your decision further.
A Step by Step guide on how to open an account
1. Load Axiory Sign In page
2. Register your personal data (Name, email, phone etc.)
3. Confirm access through set email and verify your details
4. Access practice account at this stage
5. Make your first deposit and choose an account type. Define conditions with customer service
6. Enjoy trading
The markets that you can trade through Axiory platforms including popular Forex, CFD Indices, Stock CFDs, Energies, Metals, Exchange Stocks and Exchange ETFs. While some traders may find a range of tools limited, it is obvious that Axiory offers the most popular and traded ones. So in case you look for Futures trading, better consider other brokers.
Axiory offers customized trading conditions and fees, which means you will engage with customer service and discuss your perspectives, objectives and need so the Axiory can suit your conditions with the best proposal.
This is actually quite a great opportunity, as not many brokers offering so. Besides, you will find either NDD spread based fee conditions or if you prefer to trade with raw spread and commission charges, there is an opportunity available as well.
|Fees||Axiory Fees||ETFinance Fees||OctaFX Fees|
|Fee ranking||Low/ Average||High||Average|
Axiory pricing is different, each account offers different conditions while Nano Account is defined with raw spread typically EURUSD 0.2 pips and $6 commission charge per lot.
While Standard account offers spread only basis with EUR USD 1.2, lastly MAX account which proposes higher leverage up to 1:500 spread is around 1.8 for the same EUR USD pair.
Also, you should always consider swap or overnight charges in case you hold positions longer than a day, see some examples in the snapshot below.
At some point, Standard fee conditions may look a bit higher than the Axiory competition, however trading conditions are flexible so you may discuss it with support center. For instance, you also may check out and compare Axiory fees with its peer BDSwiss.
|Asset/ Pair||Axiory Spread||ETFinance Spread||OctaFX Spread|
|EUR USD Spread||1.2||0.7||0.5|
|Crude Oil WTI Spread||4||3||2|
Deposits and Withdrawals
Creating its proposal as a user-friendly one Axiory also takes care of smooth proves of money transfers to or from the trading account. The money are accessible at any time you request so, also you may choose a payment provider according to your region, which is great.
|Fast digital deposits||None|
|Small first deposit|
|Supporting Account Base Currencies USD and EUR|
|0$ free withdrawal|
Axiory uses the most common methods, as well as diverse its range with the option to transfer funds.
So the payment option including the following providers, yet make sure to verify which ones are available in your country of origin and allowing transfers.
- Credit and Debit Card
- Wire Transfer
- E-payments Skrill, Neteller, STICPAY etc.
Axiory minimum deposit
Axiory minimum deposit is 10$. Also, Axiory will cover fees for deposits via Cards and Wire transfer, while possible fees may be imposed by the payment provider according to your country of origin and applicable laws by other providers.
Can you withdraw money from Axiory?
Yes, you can withdraw money from Axiory and use the same withdrawal methods as the deposit ones. In terms of fees, Axiory proposes Free withdrawal via Credit Cards and STICPAY, while others might be charging fees. SO make sure with customer service about conditions.
Time to receive the payment and withdrawal also varies according to the method, while the broker himself promises to confirm withdrawal request within 1-2 working days, payment providers may take from immediate up to 3-10 business days.
The trading platforms or the software which you will use for the trading performance itself offer a powerful combination and the choice between popular and well-regarded MT4, MT5 and cTrader. Eventually, this combination is the best as any size, proficiency level and need trader will find the right solution for himself.
MetaTrader4 and MetaTrader5 are the golden standard for any traders including auto trading, copy trading and robot traders, while cTrader is known for its progressive capabilities and great functions.
|User friendly trading software||None|
|Offering cTrader and MT4, MT5|
|Both platforms supporting Web, Mobile and Desktop platforms|
|Technical analysis and no limitation of strategies|
|Supporting various languages|
The biggest advantage of Web Platform is that there is no need to download the program so you can trade directly from your browser. Also, both of Axiory platforms cTrader and MT4 available in Web versions.
Web Platfrom, however, is a rather simplified version which is more suitable for average level and beginning traders, since more comprehensive add-ons, tools and capabilities available through desktop version only.
MT4, MT5 and cTrader supports all devices including PC and MAC, so the choice is yours which platform you prefer to use. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great.
cTrader as modern platforms combines cutting-edge technology and is a great alternative for MT4 with its intuitive GUI. Nevertheless, MT4 still remains the most used among the industry traders due to its great charting, visual functions and endless capabilities for copy trading and adjustments to EAs.
Mobile Trading Platform
Of course, you will remain updated under any circumstances about your trading progress or market conditions with available Mobile Platform. Free and simple to use apps suitable for iPhone and Android devices, also based on the MT4 engine or cTrader app is also quite comprehensive and allowing you good conditions right at your phone.
|Trading friendly app suitable for Android and iOS||None|
|Easy to manage and navigate|
Considering Axiory customer support services, as an important part of the brokers’ proposal, we would say it is at the quite god level and is proud strengths as broker mention by himself.
Axiory developed customer support available for interaction via phone lines, chat and email also representing services in major destinations including Singapore, UAE, Chile and through its Belize office as well.
We found their answers pretty relevant, while support is easy reachable and responsive.
Also, Axiory support beginner with education materials designed through Trading Academy that includes strategical developments, market basics also with trading terms and platforms. In addition, recently Axiory enlarged its offering and now runs Webinars around 5 monthly available from MyAxiory.
Despite education, Axiory provides a quite comprehensive technical analysis which is great feature for both traders newbies and professionals, in addition to market news and other support materials available directly from the offered platforms.
Along with nice range of research tools including Calculators, Indicators and other tools like MyAxiory and Autochartist.
On the bottom lime, Axiory Review is a sustainable, long and time-verified history of operation broker with numerous clients they serve. Trading performance via technical solution and professional platforms MT4 and cTrader are good quality, beginning traders will find education and great technical analysis developed by in-house professionals. Despite the fact broker mainly operates as an offshore based broker, its conditions and certain level of protection and standards applied made us name Axiory as a safe broker to invest.