Axiory Editor’s Verdict
Axiory, established in 2011, is a Forex broker which operates out of Belize. It claims to utilize the best technology available, and grants traders access to a deep liquidity pool. With a minimum deposit of just $10 in a MAX account or into an MT4, MT5 or cTrader account, Axiory provides an affordable entry point to both new retail traders and seasoned professionals. Axiory additionally offers flexible trading conditions and is open to adjustments. The first impression results in a clean, flexible, and professional image.
Overview
Tight spreads, deep liquidity, and fast order execution make Axiory a competitive choice for high-volume and high-frequency traders.
Belize FSC Belize, FSC Mauritius 2011 No Dealing Desk $10 MetaTrader 4, MetaTrader 5, cTrader
Axiory, established in 2011, is a Forex broker which operates out of Belize. It claims to utilize the best technology available, and grants traders access to a deep liquidity pool. With a minimum deposit of just $10 in a MAX account or into an MT4, MT5 or cTrader account, Axiory provides an affordable entry point to both new retail traders and seasoned professionals. Axiory additionally offers flexible trading conditions and is open to adjustments. The first impression results in a clean, flexible, and professional image.
Regulation and Security
Axiory Global Limited operates under the oversight of the Financial Services Commission (FSC) in Maurtius and the Belize International Financial Services Commission (IFSC). The IFSC regulation is enhanced by a Category A membership with the Hong Kong-based Financial Commission, including the €20,000 dispute fund per case, which is on par with CySEC-regulated entities. Client deposits remain segregated, negative balance protection exists, and Big a Four accounting firm audits annual reports. Axiory is also transparent about its management team and all applicable trading costs. This broker applies a smart combination of three institutions, granting traders a secure and trustworthy trading environment.
The IFSC regulates Axiory.
Membership with The Financial Commission to enhance oversight and promotes trustworthiness.
Fees
Fees vary depending on the account type. Every account is created to balance out the costs, varying between commission and spreads. The EUR/USD spread starts at 0.2 pips on the Nano account, with a $6 per round lot commission, but moves on to two commission-free accounts where the spread starts from 1.2 pips. Swap fees on leveraged overnight positions are charged, and corporate actions such as dividends and mergers impact index CFDs, which Axiory credit/ debits from portfolios, as applicable. A data feed charge also applies if the account is accessed repeatedly without trade placement. Axiory does not charge an inactivity fee but will close an account after three months of dormancy. Withdrawals up to $200 warrant a $10 fee. The same applies to withdrawals up to €200, that warrant a €10 fee.
It’s important to note that all potential costs are clarified on the Spreads, Swaps, and Dividends page which can be viewed on the broker’s website by any visitor. And any other charges are clarified on the prospective pages.
Axiory remains transparent about its cost structure.
What Can I Trade
Axiory offers FX pairs, CFD indices, exchange stocks, exchange ETFs, energies, oil and metals. At the time of the review, the total number of assets is 350. However, the company is adding new instruments and asset classes in the near future.
One of Axiory's new and exciting offerings is its stock CFD program, which allows traders looking for stock trading to speculate on the price movements of some of the largest corporations in the world. For those traders who prefer the flexibility of not purchasing underlying assets, Axiory provides the tools and resources to trade the price movements of shares of such international corporate giants as Amazon, Netflix, Google and Facebook, among many others. Using a plethora of indicators like corporate yearly earnings reports or even the news, stock CFD traders can learn to estimate the direction of a company's stock and, if successful, receive a payout.
Account Types
Five account types exist, one commission-free, and four commission alternatives with raw spreads for a $6 fee per round lot. Two of the account types, the Tera and Alpha, are available only on the MT5 platform, with Alpha offering exchange products investments. The minimum deposit is $10 on all account types, and Islamic accounts can be requested. Axiory treats all clients equally without any upselling, allowing users of all account types to access excellent trading conditions without substantial deposits. Traders may contact Axiory to discuss adjustments based on their needs.
Axiory offers a choice of five account types.
Trading Platforms
MT4 | |
|---|---|
MT5 | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
Axiory grants traders the MT5 platform and the MT4 trading platform, for which it developed Axiory Strike, a custom indicator. Unlike most MT4 brokers, Axiory informs traders about EAs and third-party add-ons to upgrade the basic version to its full potential. cTrader is also available as an alternative. The FX-focused trading platform presents a superior out-of-the-box version and a better user-interface and is ideal for manual traders. All platforms support automated trading, but MT4 enjoys a distinct leadership role in this category.
The MT4 trading platform represents the best choice for most traders.
Axiory notes the benefits of third-party MT4 plugins.
Traders receive the in-house custom indicator Axiory Strike.
cTrader offers an alternative that is ideal for manual traders.
Unique Features
Autochartist grants additional support to manual traders and is available for MT4 and cTrader alike.
Autochartist is available on both platforms.
Research and Education
Axiory Intelligence offers traders a quality mix of research and education, forming the core of both services. Additional research and analysis are available from the Market News and Technical Analysis sections. The written content is brief but informative, and traders will find regularly published trading ideas. New traders will find a deep educational portal at the Trading Academy for Beginners, where dozens of well-thought-through articles introduce the world of trading to new entrants.
Axiory Intelligence is a core component of research and education.
Axiory Intelligence is an independent market news and analysis provider that offers Axiory traders optimized, up-to-date coverage of the global financial markets. Their updates range from quick market bites to lengthy in-depth pieces and analyses of financial products and economic events. All information published on Axiory Intelligence is unique. Investors and traders can use the portal for a trustworthy and reliable source of information to help them swiftly find essential market updates at all times and make informed decisions.
Market News features relevant developments across assets.
Technical analysis delivers trading ideas to clients.
The Trading Academy for Beginners represents a proper educational portal for new traders.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/5 Asia support / 11-19 GST Rest of World |
Website Languages |        |
Customer support is available between Monday and Friday from 11 am to 7 pm, and can be accessed via e-mail, webform, phone, and live chat. An FAQ section answers the most common questions.
Customer Support is readily available via a number of channels.
Bonuses and Promotions
Starting in December 2020, Axiory will be offering a 50% bonus to new traders.
Opening an Account
An online application handles new account openings easily and quickly. Registration for demo accounts takes just 30 seconds, while opening a light live account takes less than 10 minutes. All parts of the process may be completed with a smartphone. Following the completion of the registration, account verification is a mandatory next step in order to comply with AML/KYC requirements. A copy of the trader’s ID and one proof of residency documents generally satisfies this requirement.
The Account Opening procedure is fast and simple.
Deposits and Withdrawals
Axiory supports bank wires, credit/debit cards, Skrill, Neteller, VLoad, and Sticpay. Processing times range from instant to ten business days, and fees are equally dependent on the payment processor. Transactions of less than $200 incur a flat fee of $10, and prepaid credit/debit cards are not accepted – Only prepaid e-vouchers from VLoad.
Deposit processing times and fees are dependent on the payment option.
A $10 flat fee will apply for transactions below $200.
Summary
Axiory is a trustworthy Forex broker, striking a balance between a light regulatory environment enhanced by additional security measures. Traders may select between the MT4 and cTrader trading platform, and three account types. New traders have access to an excellent educational platform, and Axiory offers regular trading ideas to clients. Traders who seek a reliable pure-play Forex broker, are well served at this broker, where equal treatment of clients offers a refreshing change from most competitors that are focused on deposits. No, it is a legitimate and transparent brokerage authorized by the Belize IFSC. It is also a Category A member of the Hong Kong-based Financial Commission. One commission-free account and four commission-based account are available. Three are available on MT4 and two are available on MT5. Yes, it does. Traders may choose between bank wires, credit/debit cards, Skrill, Neteller, VLoad, and Sticpay. Axiory offers 61 currency pairs, 9 commodities, 78 stock CFDs, 122 stocks, 69 ETFs and 10 index CFDs to trade.FAQs
Is Axiory a scam?
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