A regulated broker, Axiory is an online brokerage firm offering a transparent and advanced trading environment where traders can trade from several financial markets covering forex, stock CDs, CFD indices, energies, and metals.
Know more about Axiory’s offerings, security features, trading fees, and other services by reading this broker review in full.
Axiory Background & Safety
Axiory Global Ltd is headquartered in Belize and operates in the Middle East, including the United Kingdom, Dubai, and Singapore, and in numerous locations around the world. The firm was founded in 2011 and started operation in 2012.
In terms of safety, Axiory is one of the go-to brokers of traders looking for a safe trading environment as it is duly authorized and regulated to operate. Axiory is supervised by the International Financial Services Commission (IFSC) in Belize. With a Category A membership with The Financial Commission, Axiory secures its clients with a €20,000 dispute fund per case, along with Negative Balance protection.
Moreover, Axiory has a robust security procedure for its account registration. The broker boasts its Jumio Verification Process where customers undergo a strict verification procedure. All client funds are strictly segregated from the company’s funds in a process that is monitored by global auditing firm PwC through two annual reports. The broker has live chat available on its website.
Axiory Features & Fees
Axiory provides its traders access to forex (with more than 60 currency pairs available on CFDs), stock CDs, CFD indices, energies, and metals (CFDs of Gold, Silver with leverage up to 1:100, plus Platinum and Palladium with leverage up to 1:20.
With Axiory, traders can choose from three accounts namely, Nano Account, Standard Account, and MAX Account.
With a set of competitive spreads, Axiory only offers floating spreads on currency pairs. Average spreads start at 0.2 pips for the EUR/USD, 0.7 pips for the EUR/GBP, and 0.5 pips for the GBP/USD for the Nano account. For the other two accounts, for example with the Regular account, less desirable spreads are offered, with the average spread on the EUR/USD pair being 1.2 pips. The Max Account starts with 1.8 pips.
In terms of leverages, the Nano and Standard Accounts feature a 1:400 maximum leverage. With the Max Account, the maximum is 1:777.
No commission fees apply for using the Standard and Max accounts while the Nano charges a $6 per lot trading fee. Commissions under Stock CFDs are as follows: 0.04 USD per CFD (min 6 USD)for Nano, 0.04 USD per CFD (min 6 USD) for Standard, and 0.06 USD per CFD (min 8 USD) for Max.
The initial funding minimum is $100 for Nano and Standard; $50 for Max. All these accounts can be converted to swap-free.
The broker also offers a Demo account where you can trade with real market conditions and so you can get the real forex trading experience without taking any of the financial risks. The Demo account is limitless in use and has 10,000 virtual trading dollars.
Axiory facilitates convenient funding methods for its clients. Deposit options include credit card (VISA, JCB), international wire transfer, Sticpay, BitPay, Skrill, Neteller, VLoad, and ThunderXPay. Most of these payment options have instant processing while some take days.
The same options are available for withdrawal transactions. Certain conditions apply when depositing and withdrawing funds.
Axiory Trading Platforms & Tools
Axiory offers two trading platforms: MT4 and cTrader.
Its MT4 offering is equipped with over 50 customizable indicators & tools (moving averages, RSI, etc.), four execution modes & three pending order types, Financial news & economic calendar, Expert Advisors (EAs) & Market Watch, and Trade History.
Axiory’s MT4 is available in Windows or Mac PCs from the Trading Platform page on Axiory’s website for easy download. It also has a WebTrader version for a download-free trading platform.
cTrader, the other platform offering, has useful features, including cTraderID – an account management approach that uses one login for all accounts. Other notable features include user-friendly interface, timeframe & symbol favorites, cTrader Automate.API, and 60+ native indicators.
cTrader also has a web browser version and Windows and Mac versions. Both MetaTrader 4 and cTrader are available on mobile devices compatible with iOS and Android devices.
In addition to its user-friendly platforms, Axiory provides an array of additional trading tools and features, ideal for beginners as well as seasoned traders, including Market News via Axiory Intelligence, Axiory Trading Academy, Axiory Strike Indicator, MyAxiory client zone, Economic calendar, Margin calculator, Live webinars, and Autochartist.
Axiory is definitely a safe trading haven, being fully transparent and regulated. Aside from its competitive Demo Account offering, Axiory has competitive spreads and decent customer support.
Some good additions for the broker’s services must be MT5 offering and a wider range of financial instruments adding shares and cryptocurrency trading. Unfortunately, traders based in the United States and the European Union are not accepted by the broker.