Axiory Review |
|
| 📅 Year founded |
2011 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Belize City, Belize |
| 🌍 Country of regulation |
Belize / Mauritius / Cyprus |
| ✅ Regulators |
FSC / FSC / CySec |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$10 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 / cTrader / MyAxiory App |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Gold & Metals / Oil & Energies / Indices / Stocks / Exchange Stocks / Exchange ETFs |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / PayRedeem / Sticpay |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
None |
| 💰 Account Currencies |
USD / EUR |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
PAMM / MAM / ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
$5 USD per month |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
1 000:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Zero on Standard and Max / $6 USD on Nano and Tera / From $1.5 USD on Alpha |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
60 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
400 + |
| 📙 Education |
Webinars / Axiory Trading Academy |
WHAT IS AXIORY?
Axiory is an established online forex and CFD broker that began its operations in 2011.
With its headquarters in Belize, Axiory has strategically expanded its regulatory footprint to include oversight from multiple respected financial authorities.
The broker is regulated by the Financial Services Commission (FSC) in Belize, the Financial Services Commission (FSC) in Mauritius and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Oversight by these regulatory bodies underline Axiory’s commitment to adhering to stringent international standards of financial practices and client security.
Axiory aims to provide a transparent and client-focused trading environment, equipped with advanced trading tools and technologies.
The broker has carved out a niche for itself in the global forex market by prioritising the needs of its traders, fostering a culture of transparency and ensuring a high level of client fund security and regulatory compliance.
INTRODUCTION
Founded in 2011, Axiory has rapidly grown into a significant player in the online brokerage industry.
The broker’s core mission is to offer a transparent and efficient trading environment, tailored to the needs of both novice and seasoned traders.
Axiory’s offerings encompass a broad spectrum of financial instruments, making it a comprehensive choice for diverse trading preferences.
Traders can engage in forex trading with a wide selection of currency pairs, allowing them to take advantage of the volatility and liquidity inherent in the forex markets.
Beyond the forex market, Axiory provides opportunities for traders to trade in a variety of other markets including gold and metals, oils and energies, indices, stocks, exchange stocks and exchange ETFs.
Additionally, Axiory’s commitment to innovation is evident in its adoption of cutting-edge technologies and continuous enhancement of its trading platforms and tools.
This approach ensures that Axiory clients have access to one of the most advanced trading environments in the industry, equipped with all the necessary tools to execute complex trading strategies effectively.
PROS & CONS
PROS
- Strong regulatory framework as the broker is well regulated across multiple jurisdictions.
- Wide range of trading instruments.
- Access to a variety of world class trading platforms such as the MetaTrader platforms and cTrader.
- Competitive spreads and low commissions.
- Strong educational tools and research support is available to clients.
- Well regarded customer service team.
CONS
- Currently the broker does not provide cryptocurrencies for trading.
- Due to regulatory restrictions, there are numerous countries which the broker does not offer its services to.
TRADING INSTRUMENTS
Axiory’s portfolio of trading instruments is designed to cater to a wide range of trading preferences, providing ample opportunities for traders to diversify their investment strategies.
Here’s a detailed look at each category of instruments available:
Forex
Axiory offers a broad spectrum of over 60 currency pairs, including major pairs, minor pairs and exotics. This extensive selection allows traders to benefit from the liquidity and volatility of the forex market, capitalising on fluctuations in global currency values.
On the Max Account, leverage is available up to 1 000:1 on forex pairs, while spreads on other accounts can start from as low as 0.0 pips, while commissions are either not charged or only up to a maximum of $6 USD per lot, depending on the selected account type.
Gold and Metals
Traders interested in commodities can trade with precious metals including gold, silver, platinum and palladium. These metals are often used as hedge investments against inflation and currency devaluation.
Metals trading with Axiory provides a robust alternative investment that complements traditional currency trades. Traders are further able to leverage gold trades as high as 100:1, significantly higher than what some brokers in the industry offer.
Oils and Energies
The energy sector offers dynamic trading options and Axiory provides access to crude oil, brent oil and natural gas. These instruments are particularly sensitive to geopolitical and environmental events, making them an exciting option for traders who enjoy markets that react to global news.
The broker allows leverage of up to 20:1 on these pairs, with commissions being similar to their forex commissions.
Indices
For those who prefer to trade on the overall performance of the stock markets rather than individual stocks, Axiory offers trading on a variety of global indices. These include the S&P 500, NASDAQ the UK’s FTSE 100 and Germany’s DAX, among others.
Axiory allows traders to trade on 10 popular indices around the globe.
Stocks
Axiory allows trading in individual stocks, enabling traders to buy and sell shares of major companies such as Apple, Google, Meta and over 150 other companies.
The broker also provides competitive spreads and commissions on stock CFDs, with commissions starting from only $0.04 USD per CFD.
Exchange Stocks and Exchange ETFs
Expanding beyond individual stocks, Axiory also offers options to trade on exchange stocks and a variety of Exchange Traded Funds (ETFs).
ETFs are investment funds traded on stock exchanges, much like stocks. ETFs provide an excellent opportunity for portfolio diversification because they cover a wide range of sectors and industries.
With Exchange Stocks and ETFs, Axiory allows traders to hold these assets for a longer period of time, with traders having the opportunity to receive dividends on their investments.
TRADING PLATFORMS
Axiory understands the importance of using robust and user-friendly trading platforms. To cater to different trading preferences and styles, Axiory offers a selection of leading platforms, each known for its specific strengths and capabilities.
MetaTrader4 (MT4)
Widely recognised as the industry standard, MT4 offers a combination of simplicity and efficiency, making it an ideal choice for both novice and experienced traders. MT4 is renowned for its advanced charting tools, extensive back-testing environment and a vast library of custom indicators and automated trading scripts known as Expert Advisors (EAs).
The platform allows traders to customise their trading experience and is particularly favoured for its reliability and robust analytical tools.
MetaTrader5 (MT5)
As the successor to MT4, MT5 offers all the admired features of MT4 but with additional capabilities. MT5 is designed to accommodate more trading instruments and is particularly suited for traders looking to deal with stocks and commodities in addition to forex.
It features advanced charting tools, more technical indicators and enhanced graphical objects. MT5 also supports more order types and has an integrated economic calendar, while its multi-threaded strategy tester and support for trading robots, enhances its utility for algorithmic trading.
cTrader
Known for its intuitive interface and advanced trading capabilities, cTrader is a popular platform among traders who prefer a clean and straightforward trading environment with advanced order capabilities and charting tools.
It is especially appreciated for its transparency and sophisticated trading functionalities, including level II pricing, detachable charts and advanced order types. cTrader is also well-suited for scalping and provides excellent options for automated trading.
MyAxiory App
Understanding the need for mobility in today’s trading world, Axiory has developed the MyAxiory mobile app, which allows traders to manage their accounts on the go.
It is important to note that the app does not support mobile trading, as the MT4 and MT5 mobile apps do, but is rather designed for Axiory clients to manage their trading accounts on the go. This includes withdrawing or depositing funds and opening new accounts, ensuring traders can easily track and manage their trading accounts.
ACCOUNT TYPES
Axiory offers a variety of account types tailored to meet the needs of different traders, from beginners to experienced professionals and even corporate clients. Each account type is designed with specific features and benefits to suit various trading strategies and investment sizes.
Nano Account
The Nano Account is ideal for traders who prefer to trade with low spreads and low commissions. It offers ultra-competitive spreads starting from 0.3 pips, making it a popular choice for scalpers and high-volume traders who seek to minimise trading costs.
This account uses the MT4 and cTrader platforms and provides a leverage of up to 400:1.
Standard Account
The Standard Account is designed for traders who prefer a simple and straightforward trading cost structure. This account charges no commission and offers slightly higher spreads starting from 1.3 pips.
It’s a good choice for novice traders and those who prefer to calculate costs easily. The Standard Account is available on both MT4 and cTrader platforms, with a maximum leverage of 400:1.
Max Account
This account type is tailored for traders who aim to maximise their trading volume and potential returns. The Max Account offers high leverage of up to 1 000:1, enabling traders to take larger positions with a smaller capital outlay.
It features spreads from 2.0 pips and is available on the MT4 and cTrader platforms, making it suitable for risk-tolerant traders looking to capitalise on smaller price movements.
Tera Account
The Tera Account is designed for experienced traders and offers more competitive spreads from 0.3 pips with a commission charge of $6 USD per lot.
This account type supports trading on the MT5 platform, catering to traders who manage more extensive portfolios that may include forex, stocks and commodities.
The leverage offered is up to 400:1, allowing traders to maximise their profits.
Alpha Account
Axiory’s Alpha Account allows traders to buy and hold shares over the long-term, while receiving dividends from the shares they have purchased. This account type is support on the MT5 platform and allows traders to purchase Exchange Stocks and Exchange ETFs.
Corporate Account
In addition to individual account types, Axiory offers a Corporate Account designed for businesses and institutional clients. The Corporate Account provides customised trading solutions, including bulk trade executions, more significant position sizes and tailored risk management services.
This account type enjoys the benefits of other account types, while also offering clients certain tax advantages.
Additionally, the broker provides an Islamic Account option on all the above trading accounts, except for the Alpha and Corporate Accounts.
HOW TO OPEN AN ACCOUNT
Opening an account with Axiory is straightforward and designed to be a quick and efficient process.
Potential clients must first fill out their details in an information form on the broker’s website, before submitting various documents which need to be verified. These documents may include a proof of address and some sort of identification document.
Once documents have been verified by the broker, clients can select their account type, deposit funds and begin trading. The broker aims to have clients verified and trading within a few hours of submitting their documents.
DEMO ACCOUNT
Axiory offers a demo account which is an excellent way for new traders to practice trading strategies without risking real money.
The demo account replicates real market conditions and provides access to all trading instruments available on the live platform.
Additionally, the broker allows traders to customise the demo account settings, so that it can mimic the live account type which a trader intends on using.
SOCIAL TRADING AND COPY TRADING
While Axiory does not offer a proprietary social trading or copy trading platform, the broker does allow copy trading through the MT4, MT5 and cTrader platforms.
These trading platforms provide traders with a wide range of social and copy trading features including access to EAs and a community of other traders and signal providers.
COMMISSIONS AND FEES
Axiory prides itself on transparency with its fee structure. The broker offers low spreads and competitive commissions, which vary by account type.
On the Standard and Max Accounts, the broker does not charge any commissions, while spreads start from as low as 1.3 pips and 2.0 pips respectively.
On the Nano and Tera accounts, Axiory charges only $6 USD per lot traded, while providing incredibly low spreads from 0.3 pips. On the Alpha Account, the broker charges even lower commissions, starting from $1.5 USD per lot.
Axiory does not charge any withdrawal or deposit fees, while an inactivity fee of $5 USD per month may be applicable in the event of inactivity on an account.
LEVERAGE
Leverage at Axiory can be as high as 1 000:1 on the Max Account, while other account types offer leverage of up to 400:1. The leverage available to traders is usually determined by a number of factors including the instrument traded, a trader’s experience level and the jurisdiction where a trader resides.
Traders are encouraged to explore the broker’s website to determine what level of leverage would be available to them.
WITHDRAWALS AND DEPOSITS
Axiory offers various methods for deposits and withdrawals including debit and credit cards, various eWallets and bank wire transfers.
The broker processes withdrawals quickly, typically within one business day, although the time it takes for funds to appear in your account will depend on the withdrawal method used.
Additionally, the broker does not charge withdrawal or deposit fees, however they do state that such fees may be charged by the third-party financial services institution, depending on the withdrawal or deposit method used.
CUSTOMER SERVICE
Axiory’s customer service is available 24/5 and can be reached via live chat, email and phone. The support team is well-trained to handle inquiries promptly and efficiently, ensuring that traders receive the assistance they need.
Axiory’s customer service team has received excellent reviews from clients and has gained a reputation for offering superb support, even winning the Best Customer Service Broker in 2023, from Fxdaily Awards.
Potential traders can be assured that Axiory’s customer service team will go to great lengths to resolve any problems traders may encounter.
SAFETY AND SECURITY
Axiory’s commitment to safety and security is a cornerstone of its operations, ensuring that clients’ funds and personal information are protected with the highest standards of financial security.
The broker is regulated by several respected regulatory bodies, each providing a framework for secure and transparent trading practices.
Axiory is licensed and regulated by the FSC, in Belize, which is known for enforcing stringent regulations and compliance requirements to ensure that financial service providers operate with integrity and transparency.
The FSC of Mauritius is another regulatory body overseeing Axiory, enhancing the broker’s credibility on a global scale. This regulatory authority is recognised for its robust legal framework and commitment to promoting transparency and fairness in financial and capital markets.
Axiory is also regulated by CySEC, one of the most reputable financial regulatory authorities within the European Union. CySEC regulation ensures that Axiory complies with EU financial regulations, including the Markets in Financial Instruments Directive (MiFID II), which provides enhanced protections for investors and greater transparency in financial transactions.
Additionally, the broker also implements further protection methods, including segregation of client funds and registration with the Financial Commission, ensuring their traders are protected up to the value of $20 000 through the Compensation Fund.
By combining the oversight of multiple reputable regulatory bodies with state-of-the-art security measures, Axiory provides a trading environment that is not only secure but also fosters trust and confidence among its clients.
These comprehensive safety and security protocols ensure that Axiory maintains its reputation as a reliable and transparent broker in the competitive forex market.
PROMOTIONS
Currently, the broker does not provide any promotions or contests for clients to enter, however they may offer these in the future.
Brokers in the trading industry regularly offer promotions so clients are encouraged to visit the broker’s website or social media on a regular basis to see if any promotions are on offer.
RESEARCH
Axiory provides comprehensive market research tools including daily market news, daily technical analysis, stock of the day, trader’s edge and weekly market commentary sections on their website. This represents one of the most diverse and in-depth offerings provided by any broker in the industry today.
Additionally, the broker offers tools such as AutoChartist and Strike Indicator, ensuring their traders have a wide range of quality tools at their disposal.
With Axiory, traders have access to all the tools they need to make informed trading decisions.
EDUCATION
Axiory provides a wide range of educational tools to its traders including a “How to” section and access to the Axiory Trading Academy, providing traders with the opportunity to learn and improve. These tools are not only useful to new traders, but also allows experienced traders to learn new skills.
GLOBAL AWARDS
Axiory has been recognised with multiple awards in the forex industry, affirming its excellence in areas like customer service, innovation and trading technology.
Some of their most recent awards include:
- Best Spread Broker (2023) – FX Wiki.
- Best Credibility Broker (2023) – KaigaiFX Online.
- Best Customer Service Broker (2023) – Fxdaily Awards.
- Best Client Centric Broker (2022) – Global Brand Magazine.
- Best Global Forex Broker (2022) – Forexing.
- Best Trading Conditions Broker (2022) – All Forex Bonus.
- Best Forex Educators (2021) – Global Forex Awards.
- Most Transparent Broker (2020) – International Investor Awards.
The above awards only represent a handful of Axiory’s awards in recent years, with the broker winning an incredible 23 awards since the beginning of 2020, highlighting Axiory’s commitment to high quality service.
SAFE OR SCAM?
In evaluating whether Axiory is a safe broker, it is essential to consider several critical aspects that demonstrate its legitimacy and reliability.
Axiory is regulated by multiple well-respected authorities, including the FSC of Belize, the FSC of Mauritius and CySEC in Cyprus. These regulatory bodies are known for their strict oversight and adherence to international financial standards, ensuring that Axiory operates with transparency and integrity.
As a broker compliant with MiFID II and other regulatory frameworks, Axiory adheres to stringent financial practices and reporting standards, further underlining its commitment to client safety and security.
Axiory uses segregated accounts to keep client funds separate from its own operating funds, ensuring that client money is protected and used only for trading activities. This is a standard practice among reputable brokers and is crucial for protecting traders’ investments.
Axiory has built a positive reputation in the forex trading community, backed by user reviews and industry experts. The transparency in its fee structure, trading conditions and regular updates about its services reflect its ethos of trustworthiness and commitment to a client-centric approach.
Considering these factors, Axiory is certainly to be a considered a safe broker.
CONCLUSION
Axiory stands out in the crowded forex market with its robust trading platforms, diverse financial instruments and a strong emphasis on client education and support. The research and educational tools on offer with Axiory are some of the most diverse and best tools available in the market.
Additionally, the broker provides its clients with a range of options, whether it be trading accounts, trading platforms or its wide range of trading instruments, ensuring their clients can tailor their trading experience to suit their needs.
After conducting the above review on this broker, the team at Brokersuggest.com can safely say that Axiory is one of the stand-out brokers in the forex industry. Both new and experienced traders would benefit greatly from having Axiory as their trading partner.
