What is Axiory?
Axiory is an NDD broker that offers various trading tools and financial assets through MT4 and cTrader platforms. Axiory was founded in 2012. Axiory focuses on offering quality, transparent service to its clients
Axiory is headquartered in Belize. But the broker has gained global recognition and has representative offices in Dubai, providing access to both EEA and Middle East customers as well.
Is Axiory trustworthy?
Before registering with any broker, you definitely have to check if its regulated and whether it can be trusted.
Axiory was founded in Belize, where in the past it was relatively easy to obtain a license for forex trading. That attracted a number of deceitful traders and made the Forex industry to appear fraudulent.
Belize recently updated its legislation and demanded higher capitalization and requirements for brokerage firms. Brokers will be asked to deposit a capitalization of $100,000 at the start of the application process. And, all in all, it makes things a lot smoother, so the broker can be trusted.
Is Axiory legitimate?
Axiory is a brand name that represents the AXIORY group of companies with a registered address in Belize and a number of representative offices across the world, including Dubai. In addition, Axiory has been operating for more than a decade since 2007 and has since developed a relatively strong client base.
Axiory has another company under its umbrella called PT International Limited which is headquartered in London, UK, and has its Operations HQ in Brno, Czech Republic, as the brokerage is Czech-owned.
How do they protect clients?
Axiory is obliged to segregate funds, which means that client’s money is kept completely separate from the company’s money. The broker is regularly audited and its financial statements are publically available, which means that there is a fair level of transparency.
In addition, Axiory is a member of the Financial Commission, which is an independent commission that protects clients’ funds in the event that the broker goes bankrupt. It can reimburse traders up to $20,000.
Leverage is a very powerful tool that tends to increase your income by allowing you to raise trading capital in a number of times, described as a ratio. Forex trading is really popular because of its leverage potential, which means that with initially small capital, you can potentially have quite good returns.
However, leverage increases the risk to which is why it is capped by regulators. Axiory’s leverage is between 1:1 and 1:500.
Leverage depends on what instrument you opt to trade. Therefore, check the rate in advance.
- Forex and Currency Pairs Leverage is set to a limit of 1:500.
- CFDs on stocks, indices and more up to 1:200 according to the requirements of the instrument
- Commodity CFDs that offer up to 1:100.
There are several types of accounts meant to serve specific trading needs, as well as offering very versatile trading conditions and the availability of the Islamic Account for traders requesting it.
In addition, you can always sign in to the Free Demo account that is available for both platforms, that you can see trading conditions, test performance, and make more decisions.
|Fast digital account opening||None|
|Three Account Types for Live Trading|
|Practise Demo Account|
Types of Account
Axiory offers three main account types: the Nano, Standard and Max accounts.
The nano account offers an average spread of 0.2 and leverage is up to 1:400. You can open an account in either EUR or USD. Negative balance protection is available and hedging is allowed too. The minimum trade volume is 0.01. Lot size is 100,000 and maximum pending orders per client are unlimited. The minimum deposit is $100. This type of account charges $6/lot in commissions. You can use the MT4 platform or cTrader platform. A swap-free account is available for Islamic users.
The standard account offers an average spread of 1.2 and leverage is up to 1:400. You can open an account in either EUR or USD. Negative balance protection is available and hedging is allowed too. The minimum trade volume is 0.01. Lot size is 100,000 and maximum pending orders per client are unlimited. The minimum deposit is $100. This type of account does not charge commission. You can use the MT4 platform or cTrader platform. A swap-free account is available for Islamic users.
The max account offers an average spread of 1.8 and leverage is up to 1:500. You can open an account in either EUR or USD. Negative balance protection is available and hedging is allowed too. The minimum trade volume is 0.01. Lot size is 100,000 and maximum pending orders per client are unlimited. The minimum deposit is $100. This type of account does not charge commission. You can use the MT4 platform or cTrader platform. A swap-free account is available for Islamic users.
How to open an account
- First, you need to register on the broker’s site.
- Enter your personal data (name, email, phone, etc.)
- Verify your account via email
- You can now access a demo account
- Make your first deposit and choose the type of account you want.
Forex: Over 60 currency pair available on a 24/5 basis. This includes major, minor and exotic pairs.
CFD Indices: Traders speculate on the price difference of an underlying asset without actually owning it.
Energies: Commonly traded energies such as crude oil, natural gas and electricity.
Precious Mentals: Gold, Silver, Platinum and Palladium.
Axiory only offers floating spreading on trading pairs. Prices can fluctuate based on liquidity, time of day, and market movements. The broker has a transparent fee structure with no hidden costs or commissions. Below are
|Asset/ Pair||Axiory Fees|
Deposits and Withdrawal
Axiory offers fast digital deposits as well as a low minumum deposit. It supports two base currencies like the USD and EUR. There are no withdrawal fees.
- Credit card and debit card
- Bank wire
- E-payments Skrill, Neteller, STICPAY, and so on.
What’s the minimum deposit for Axiory?
Opening an account with Axiory requires a minimum deposit of $100. Nonetheless, see the trading conditions for each type of account and choose the one that is best suited to you depending on the trading fee structure and the size you are willing to operate.
In addition, Axiory may charge fees for deposits through Cards and Wire Transfer, while possible fees may be imposed by the payment provider in compliance with your country of origin and applicable laws by other providers.
Can you withdraw your money from Axiory?
Sure, you can withdraw money from Axiory and use the same withdrawal methods as depositors. As far as fees are concerned, Axiory proposes Free withdrawal through Credit Cards and SITICPAY, while other charges can apply.
The time to receive payment and withdrawal often varies according to the process, while the broker itself agrees to validate the withdrawal request within 1-2 working days, payment providers can take up to 3-10 business days.
Axiory offers two platforms for trading: MetaTrader 4 and cTrader.
MT4 is amongst the most popular trading platforms globally. It has various built-in indicators and tools for technical analysis. There are no restrictions on the use of Expert Advisors (EA) and excellent order execution capability (99.99% of orders are executed) More than 50 types of natively built-in indicators (moving average, RSI, etc.)
cTrader is a much new trading platform than MT4, yet cTrader has been on around at least ten years and was built using the latest technologies and trends. All updates are focused on improving traders experience and helping them manage their risk and trade better.
We found that cTraders offers a modern and user-friendly architecture, as well as a one login for all user accounts – grouped under “cTrader ID”
It has excellent execution capabilities and more than 60 native indicators. It also has a tool called cTrader Automate which is an integrated function for automatic trading.
Both platforms are available on mobile and browser.
The biggest advantage of the Web Platform is that you don’t need to download the software and you can trade directly from your browser. Also, both the cTrader and MT4 Axiory applications are available in online versions.
Customer Support Services
Axiory’s customer support team is available through telephone, live chat, and email, which is based in various locations across the world, including Cyprus, United Kingdom, Singapore, UAE, Chile and its Belize office.
We found their answers to be quite important, while help is easy to reach and sensitive. Customer support offers quick and relevant answers within working hours.
Axiory helps beginners learn about trading using educational materials developed by Trading Academy that include strategic trends as well as basics with terms and platforms for trading. The Trading Academy has categorized articles but unfortunately no webinars.
Axiory, unfortunately, offers only written content so no videos or webinars that are preferred by beginners. Besides education, market news, and other support materials, Axiory offers a very detailed technical analysis which is a great feature for both new traders and professionals. Along with that, it offers a nice range of testing tools including Economic Calculators, Indicators, and other software such as MyAxiory and Autochartist.
Axiory is a trustworthy, and time-tested broker with multiple clients from all over the world, and with a technology-based trading plan. Axiory’s main objective is to establish balanced trading conditions that are suitable for beginners or experienced traders and provide the ultimate trading experience. The broker also supports start-up training traders and offers extensive technical research developed by in-house professionals.