In this comprehensive review of Axiory, we look at a forex broker with over eight years’ experience. By discussing all the important conditions and features of Axiory, we help you decide whether this is the right place to trade.
If you choose Axiory as your forex broker, you can trade over 80 instruments including currency pairs and CFDs. With regulation from IFSC Belize, Axiory also provides a variety of fund security mechanisms, low commissions, and high leverage rates. To top it off, Axiory offers two of the most popular trading platforms to enhance your experience
Axiory General Information and Licensing
Axiory launched in Belize, in 2012. The broker now offers services to clients across the world, yet their headquarters remain at No.1 Corner of Hutson Street and Marine Parade, Belize City, Belize.
Our reviewers found Axiory takes regulation seriously. The broker boasts a license from The International Financial Services Commission (IFSC) of Belize and a category A membership with the Financial Commission.
Both regulators ensure Axiory operates responsibly, and that your deposits and profits are always secure. To do this, Axiory offers:
- Negative balance protection
- Account segregation
- Customer compensation fund
Our Axiory review shows that the brokerage has received many prestigious awards, such as the ‘Best Customer-Centric Forex Brand 2020 in Dubai’. Axiory’s CEO Roberto d’Ambrosio also holds the ‘Best CEO in the Forex Brokerage Industry’ title for 2020.
Axiory Trading Instruments
You can choose from over 80 financial instruments when trading with Axiory. These include:
- 61 currency pairs
- 10 CFD indices
- 5 energies
- 4 metals
This range gives good opportunities to diversify your portfolio, but the advantages of trading with Axiory don’t stop there. Axiory also offers spreads as low as 0.2 pips, and maximum leverage limits of 1:777 rate. All of this gives you more flexibility and chances to profit.
Axiory Trading Platforms
During our review of Axiory, we found that the broker’s trading software is second to none. The broker provides you with two of the industry’s best trading platforms, MetaTrader 4 and cTrader, and third-party analytical tools form Autochartist.
- MetaTrader 4 – With MT4 you can benefit from a 99.99% execution success rate, 50+ built-in indicators, and a variety of stop/limit orders. You can also access the world’s biggest trading community and incorporate thousands of tools and features. MT4 is available on desktop, browser and mobile.
- cTrader – cTrader is an intuitive and customizable platform, with an extensive set of features. You can use 60+ technical indicators, charting mechanisms, automated robots. As with MetaTrader 4, you can use cTrader on Windows, Mac, iOS and Android.
Registering for a trading account at Axiory is a quick and simple process. By providing basic details about yourself and your employment background, you can choose between three live accounts with great conditions.
- Nano Account – This account has an accessible minimum deposit of $100, spreads from 0.2 pips, and commission fees of $6 per lot traded. With a Nano account, you can also place unlimited simultaneous orders.
- Standard Account – Axiory’s Standard account also has a minimum deposit limit of $100. Spreads start from 1.2 pips and there are zero commissions fees. You can also hedge with this account.
- Max Account – Offering a lower deposit limit of just $50, the Max account comes with spreads from 1.8 pips and no commissions. This account offers you a very high leverage limit of 1:777 too.
You can easily convert each of these accounts into Islamic account if you’re a Muslim trader. These accounts do not incur swap or interest rate charges.
Axiory also provides you with unlimited demo accounts. You can open up several at a time and use them for however long you like. Each account comes with a virtual balance of $10,000, which gives you plenty of funds to practice trading.
Payment Methods at Axiory
Our reviewers found that funding your account with Axiory is straightforward. You can use a variety of payment methods, including localized banking services. The broker doesn’t charge deposit fees, and most withdrawals are free too. If you withdraw less than $200, however, you will need to pay $10.
At Axiory, you can deposit and withdraw via:
- International wire transfer
- Credit/debit cards (Visa, JCB)
Axiory Customer Support
Axiory provides high-quality customer support via three different channels:
- Email: [email protected]
- Phone call: +442031502506 (UK)
- Live chat directly from the website
You can reach the support team from Monday 11 AM to Friday 7 PM GST (GMT +4). If you need a quick response, we recommend using the live chat feature. In any case, the staff are friendly and competent.
Overall, Axiory proves to be a beneficial brokerage that protects your safety and maximizes your trading potential in the market. With top-notch fund security features, low commission rates, and extensive educational materials, signing up with Axiory is definitely worth it.
Frequently Asked Questions (FAQs)
Is Axiory a good broker?
Yes, as our Axiory review shows, this is a great broker for traders of all skill levels. Thanks to an impressive range of instruments, various safety mechanisms, and award-winning trading platforms, you can expect your trading experience to be both beneficial and secure.
What is the minimum deposit at Axiory?
The minimum deposit at Axiory depends on which account type you open. Nano and Standard STP accounts require an initial deposit of $100, whilst Max accounts have a lower requirement of just $50. We recommend opening a Nano account to begin with. Whilst this has a higher minimum deposit limit, you’ll benefit from spreads from 0.2 pips.
What fees does Axiory charge?
All account holders at Axiory must pay spread and swap fees when they trade. Nano account holders also pay commissions of $6 per lot traded. As for non-trading fees, Axiory does not charge for deposits, withdrawals, or periods of inactivity. This minimal pricing plan is impressive, especially when you consider the number of trading platforms, trading signals and analytical tools the broker offers. You can also open a demo account for free.
Is Axiory licensed?
Yes, Axiory boasts a license from the International Financial Services Commission (IFSC) of Belize. This regulator closely monitors the broker’s actions and ensures that it doesn’t engage in fraudulent activities. Axiory is also a member of the Financial Commission, which provides you with compensation should something go wrong.
How do I withdraw from Axiory?
To withdraw funds from your Axiory account, you can use a variety of payment methods including credit/debit card, wire transfer, Sticpay, BitPay, Neteller, Skrill, and VLoad. Once you submit the withdrawal request, the broker will process it within 24 hours. After this, it usually takes between five and ten days to complete the transaction.