In the following review of Axiory, our team of expert reviewers help you determine whether this broker is right for you. We delve deep into the trading instruments, fees, and platforms, so you don’t have to.
Axiory prioritizes your safety. With a financial license from the IFSC Belize, sturdy fund protection mechanisms, and fair conditions, the broker allows you to trade over 100 instruments without worry.
Available on all devices and with low minimum deposit limits, Axiory is suitable for traders of all levels. Continue reading our review to find out more.
Axiory regulation and background
To begin our Axiory review, we explore the broker’s background and regulation.
Established in Belize in 2012, Axiory has over eight years of experience in the industry. Besides a license from the International Financial Services Commission (IFSC), the broker also boasts a membership from the Financial Commission. These two authorities ensure Axiory offers:
- Negative balance protection
- Fund compensation
- Segregated client accounts
Under this protection, you can trade forex and CFDs safely. Axiory offers over 100 instruments in five asset classes. This includes currency pairs, commodities, precious metals, indices, and stocks.
Axiory is also a multi-award-winning broker. Axiory holds awards for the ‘Most Transparent Broker in 2020′ and ‘Excellence in Customer Support’ from International Investor Magazine.
- Website: www.axiory.com
- Support: +44 2031502506 (UK)
- Leverage: 1:777
- Min. Deposit: $10
- Spreads: From 0.2 pips
- Sturdy license
- High leverage
- 60+ analytical tools
- Low commissions
- 24/5 support available
- Limited trading instruments
Axiory account types and trading conditions
When you register with Axiory, you can choose from three retail accounts. To make your choice easier, our reviewers outline the main conditions of each account below.
- Nano Account – 10 USD min. deposit; average spreads of 0.2 pips, 1:400 max. leverage, $6 commission fee per lot traded.
- Standard Account – 10 USD min. deposit; average spreads of 1.2 pips; 1:400 max. leverage, no commission fees.
- Max Account – 10 USD min. deposit; average spreads of 1.8 pips; 1:777 max. leverage, no commission fees.
You can convert any retail account into an Islamic account, which comes with no swap fees or interest rate markups.
You can also open a free demo account. This allows you to review Axiory’s instruments and platforms, without risking your capital. All demo accounts boast $10,000 worth of virtual funds, and you can continue using them for as long as you want.
How to fund your Axiory trading account
You can use a range of localized and international payment methods to deposit and withdraw at Axiory, including credit/debit cards, wire transfers, BitPay, Sticpay, Neteller, Skrill, and VLoad.
No matter which method you use, you won’t pay transaction fees. Axiory processes all deposits immediately too, yet withdrawals can take up to 10 working days.
Axiory mobile and desktop trading platforms
With Axiory, you can use three very sophisticated trading platforms. All of them feature fast execution speeds and hundreds of trading tools to maximize your trading potential in the market.
- MetaTrader 4 – MT4 offers you over 50 analytical tools, various charting mechanisms, and a 99.99% execution success rate. Considering this, it’s easy to see why MT4 is the world’s leading trading platform.
- cTrader – Another platform packing some impressive features, cTrader provides 60+ technical indicators, a customizable interface, and various execution modes. The platform also supports the use of expert advisors and scalping strategies.
- MetaTrader 5 – MT5 is a continuation of the MetaTrader 4 that brings more features to the platform. Offering high quality analytical and algorithmic tools, MetaTrader 5 makes trading an improved experience.
Axiory education and training
Our reviewers are happy to recommend Axiory to beginner traders thanks, in part, to their extensive educational materials.
Axiory’s Trading Academy includes hundreds of different articles about trading terms, market participants, trading features, and software. You can also read educational news articles that include technical analysis and trade ideas.
Customer support at Axiory
Besides trading features and safety measures, Axiory also provides decent communication channels for clients. If you have questions or issues when trading, you can contact the support team 24/5, via:
- Live chat directly from the website
- Email: [email protected]
- Phone call: +442031502506 (UK)
One of the biggest advantages of Axiory’s customer support is that replies are always prompt. Our reviewers found the support staff to be knowledgeable too, which further enforces Axiory’s position as a top forex broker.
Axiory – Final summary
As you can see from our detailed review, Axiory is a forex broker with a solid reputation and beneficial features. To ensure that all traders feel comfortable, Axiory offers secure trading platforms, transparent pricing, and educational materials. You also gain access to over 370 financial instruments, advanced trading tools, and an unlimited number of demo accounts.
Overall, Axiory proves to be a leading forex broker. Open a demo or live account today to discover great features for yourself.
Frequently Asked Questions (FAQs)
Is Axiory safe?
Yes, after completing a full review of Axiory, our experts agree that this is a safe broker to trade with. It features a license from the International Financial Services Commission (IFSC) of Belize and extra regulation from the Financial Commission. Axiory also provides you with fund compensation and negative balance protection.
Does Axiory charge commission fees?
Axiory only charges commission fees on Nano accounts, and these are just $6 per lot traded. All other account types avoid commissions but must pay spread and swap fees. The broker does not, however, charge transaction or inactivity fees. Alternatively, trading with a demo account is completely free.
What products can I trade with Axiory?
Axiory offers over 370 individual financial instruments in five asset classes. This includes currency pairs, commodities, precious metals, index CFDs and stock CFDs. Whilst this isn’t the most extensive portfolio, all instruments come with beneficial commissions and leverage rates.
How can I sign up to Axiory?
To register for a live trading account with Axiory, you need to first provide the broker with basic personal details such as your name, email, current address, date of birth, and national ID number. You then must submit proof of identity and residency. Once the broker confirms your details, you’re free to deposit and trade.
How much money do I need to trade with Axiory?
To trade with Axiory, you need a minimum initial investment of $10. With this, you can open a Max account. If you would prefer to open a Nano or Standard account, the broker requires at least $10 as well.