axiory logoForex market made a significant expansion in the financial industry for the past several years. Despite market’s tremendous size, the concepts for trading currencies are rather plain. You don’t have to be an experienced and professional trader to participate in the Forex market. Every time you exchange your money into a foreign currency, you become a part of the foreign exchange market. However, this market developed much more than we can perceive. It became a source of easy profit, and everyone wants to be a part of it. Very often, people are drawn to the benefit s much that they neglect the risks and eventually, end up with no money in their accounts. Like any other business, this one also has major risks that are possible to happen to everyone. Therefore, it is a crucial characteristic that the law regulates the company we choose. There are many companies which work under shady circumstances, manipulating the customers and tricking them to join the market insecurely. These are businesses that are working without laws regulating them. However, Axiory company is, apparently, regulated.

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Background and Regulation

At first, you may be suspicious when it comes to Axiory trading company, as there are not so many reviews and information, but you should dig a bit deeper. You may find it under the name Axiory Global Ltd. which is a financial brokerage located in Belize. However, there are some inconsistencies present here. Even though the company is mentioned on the list of licensed service providers for trading in securities 2016, there is no accurate information concerning license number. With this name, it is regulated by Belize International Financial Services Commission (IFSC) under the license number 60/255/TS/13, while the website offers the other license number – IFSC/60/255/TS/15. This company comprised the great team of brokers and experience in account management to provide a friendly, personal and reliable trading experience. As it is a regulated company, Axiory keeps segregated accounts and strict verification procedures for all its clients. However, it is important to mention that Axitory does not accept US citizens, which is clearly stated on their website.

Axiory Trading Platform

Axiory includes three trading platforms in their service. The most popular trading platform in the world MetaTrader 4 is one of them. It lets you analyze charts with a significant number of indicators. Traders can download or create automatic strategies of trading. Besides, this platform offers many other high-tech possibilities to make your trading easier. It is available for Windows and ported to Mac OSX as well. cTrader trading platform is developed by Spotware Systems Ltd. based in London. It is one of the trading platforms with the progressive approach, intuitive GUI, as well as advanced trading features. cTrader provides a unique trading experience, and it is a great solution for both new and experienced traders. Finally, there is a trading platform called MyAxiory which is developed specifically for Axiory accounts. It is an online platform where you can track all your accounts’ performances, set up deposits and withdrawals among other options. It is possible to open it in any modern browser, as well as on tablets and mobile phones.

Axiory Account Types

Axiory offers two types of accounts for their clients, they are:

  • Standard account – extremely transparent account type using the STP market system
  • ECN account – the ECN system with low spreads

MT4 Standard account is the most used account in Axiory. It is an excellent fit for a large number of traders, from beginners to professionals. Trading starts from 0.01 lot; there are no transaction fees and the initial deposit amount is $200. ECN account has the minimum initial deposit of $200 as well but it has very narrow spreads, and transaction fees are paid $3 per lot.

Bonus Policy

Axiory does not offer any bonuses or promotions, which is a long-term cause for not drawing a significant number of new clients.

Banking Options

The company is very concerned with fund safety and therefore they are always making new updates, eliminating any possible human error. As it was mentioned earlier, Axiory segregates all company’s funds from clients’ accounts. There are many deposit and withdrawal payment methods, for example via wire transfer which is the most common and cheapest form of deposit. The withdrawal and deposit requests are usually processed within one business day. However, it is important to mention transfer fees:

  • SEPA Transactions up to 50 000 EUR
  • Incoming Transfers: 3.70 EUR on avg.
  • Outgoing Transfers: 3.70 EUR on avg.
  • SEPA Transactions above 50 000 EUR
  • Incoming Transfers: 11.10 EUR on avg.
  • Outgoing Transfers: 11.10 EUR on avg.
  • Foreign Transactions (SHA, BEN)
  • Incoming Transfers: 11.10 EUR on avg.
  • Outgoing Transfers: 11.10 EUR on avg.

Axiory Prepaid MasterCard provides you with the option to spend your funds directly without any normal withdrawal processing from your bank account. It is a great option since you can get the money from ATM or pay with the card that holds your trading money. There is also a possibility to make deposits and withdrawals via Credit or Debit cards (both Visa and MasterCard). Clients can deposits from 15 to 5000 USD/EUR daily. Axiory also offers two different banks for transferring deposits, in either EUR or USD deposit accounts. Online payment methods for smaller deposits and withdrawals from 200 to 5,000 USD or EUR are possible via Skrill and Neteller.

Customer Service

The Axiory website offers a several ways of contact addresses where you can ask your question concerning potential problem. The team is there to provide help traders and investors via email, chat as well via local telephone numbers in the UK, US, Switzerland, Australia, China, and Singapore. Besides, there is an option to send them a question via social networks, which is not an option given by many Forex trading companies.