Axiory is an online forex and CFD broker that was launched in 2011 with the aim of providing its clients with the best possible trading conditions. The broker offers access to trade multiple instruments on its platforms. Axiory brand is owned by Axiory group of companies; its trading arm is ‘Axiory Global Ltd’ with an office located in Belize City, Belize. The broker boasts of cutting-edge technology with trading servers located at Equinix LD4 data center, London, and Equinix TY3 data center, Tokyo. This ensures swift trade executions and low spreads. Axiory also provides modern trading platforms, trading education, market news, and analysis.
- Regulated by the IFSC, Belize.
- The trading platform available is the powerful cTrader and the popular MT4.
- The Autochartist is provided to help traders with technical analysis.
- Updated market news, expert analysis, and trading.
- Multiple payment options.
- The minimum deposit is $50, and the maximum leverage is 1:777.
- Axiory trading academy is available on the website and on the Axiory intelligence portal.
- No other regulation apart from the IFSC.
- The asset index is limited; no cryptocurrencies, ETFs, etc.
- Account currencies are limited to only EUR and USD
- No service to clients from the USA, EU countries, and many other countries.
Axiory Security and Regulation
Axiory is authorized and regulated by the International Financial Services Commission (IFSC) of Belize, with license number 000123/163. It is also a member of the Financial Commission, an independent conflict resolution board that resolves disputes between brokers and their clients. In addition to speedy, professional, and unbiased conflict resolutions, traders can be compensated up to €20,000 per case.
Axiory maintains all clients’ funds in segregated accounts which are not used by the broker for its internal operations. It is only used to fund clients’ trade positions and cannot be used by the broker even if it runs into financial difficulty.
Axiory asserts that its financial records are audited yearly by PricewaterhouseCoopers (PwC), one of the biggest accounting firms in the world. PwC is renowned for auditing services and operates in over 150 countries.
Negative balance protection is automatically available on all client accounts. Losing positions are automatically closed when the balance drops to zero preventing a negative balance.
Axiory clients can speculate on the following markets:
- 61 forex pairs
- 78 stocks
- 10 indices
- 5 Energies
- 4 Metals
To create a new account, click on ‘open account’ or on ‘Experience trading with Axiory’ and fill the form that displays. You are presented with the option of a live or demo account; select ‘live account,’ choose your trading platform, account currency, leverage, account type, and click on ‘Start trading.’
Then, fill in your detailed personal information, investment questionnaire, including the source of income, investment objectives, employment status, etc, and upload your verification documents. Upon completion, you will be logged into ‘MyAxiory’, which is the personal area for registered clients. The back office support experts will then verify the provided documents and info, and if satisfactory, they will approve the new account.
From My Axiory personal area, you can create more accounts, make deposits, monitor your accounts, etc. Generally, the entire process of creating a new account takes only a few minutes.
Axiory does not provide its services to residents of Japan, the USA, Canada, European Union countries, the Republic of Iran, Indonesia, North Korea, and Belize.
Axiory Deposits and Withdrawals
Axiory does not charge any fees for both deposits and withdrawals. The following payment options are available:
Credit/Debit card: Card deposits are processed instantly, but withdrawals take 3-10 business days.
Wire transfers: Both deposits and withdrawals using this option take 3-10 business days. Funds are received in either USD or EUR.
E-Wallets: The options accepted are SticPay, Skrill, and Neteller. Both deposits and withdrawals are instantly processed but may sometimes delay for a few hours.
VLoad: You can make deposits and withdrawals via VLoad eVouchers.
ThunderXPay: this payment gateway processes deposits within 15 minutes and withdrawals take up to a business day.
BitPay: This is a payment method that allows payments using Bitcoin.
Fees and account types
Axiory supports only two account currencies: EUR and USD. Both the MT4 and cTrader platforms are available on all accounts. The following account types are available:
This account is designed for clients who prefer to pay commissions on each trade. The spread for the benchmark EURUSD is 0.2 pips; maximum leverage is 1:400 while the minimum account deposit is $100. A commission of $6/lot is charged on forex trades, while $0.04/CFD with a minimum of $6 is charged on stock CFDs.
For this account, forex trades are charged from the spread; EURUSD is 1.2 pips. But, commissions of $0.04/CFD with a minimum of $6 are charged for stock CFDs. The maximum leverage is 1:400, while the minimum account balance is $100.
The minimum deposit is $50, while the maximum leverage is 1:777. A commission of $0.06/CFD with a minimum of $8 is charged on stock CFDs. But spread charges apply for forex trades; the minimum spread for the EURUSD is 1.8 pips.
This is available on all the 3 account types. It is a swap-free account specially designed for Muslims. To open an Islamic account, first, create any of the 3 account types and then contact the support team. When open positions are maintained overnight, Axiory charges a fixed commission depending on the trading instrument. The range is from $3 to $8 per lot.
This is an unlimited practice account preloaded with $10,000 virtual funds available for both the MT4 and cTrader platforms. Demo accounts simulate the trading environment giving the trader a feel of how everything works. It is excellent for learning how a platform works and for testing out new strategies. The Axiory demo account is unlimited and does not expire. Clients can also open multiple demo accounts and make more virtual deposits when logged into the clients’ area (MyAxiory).
Two trading platforms are available, they are:
This is the most popular trading platform widely used by forex traders. It was launched in 2005 by MetaQuotes Software Corp., a Cyprus-based software firm. It comes with sophisticated tools for charting and technical analysis. The platform supports the automation of strategies using expert advisors (EAs). Its features can be extended by the use of plugin apps developed using MQL4 programming code. On the platform, traders can buy tools, trading signals, indicators, EAs, and trading tools from the market tab.
Axiory MT4 is available as follows:
- WebTrader: runs on web browsers.
- Windows Desktop version: This is the flagship version
- MT4 for MAC
- MT4 mobile: available for iOS and android
This is a modern trading platform that is driven by technology, speed, and sophistication. The platform is user-friendly, offers complex charting packages and analytical tools. It comes with multiple trading tools, inbuilt indicators, and lots of other features. ‘cTrader charting’ comes with up to 9 chart styles, over 70 technical indicators, up to 50 chart templates. ‘cTrader automate’ enables traders to build their own trading robots and automate their strategies. ‘cTrader copy’ is an embedded social trading package which allows investors to copy the trades of strategy providers at a fee.
Axiory cTrader is available as follows:
- cTrader for windows
- cTrader for Mac
- cTrader web: This version is built on html5 and needs no downloads as it runs on web browsers.
- cTrader mobile: The platform is available on iOS and Android devices and can be downloaded from their respective app stores.
Research and Education
In 2020, Axiory Global launched a dedicated to research, education, news, and analysis portal known as ‘Axiory Intelligence.’ On its dedicated website; www.axioryintelligence.com, the following sections are available:
- Axiory trading academy: This is designed to teach beginners from scratch to a substantial level. The academy is well arranged; each topic comprises subtopics and articles written with illustrations.
- Training articles: Apart from the academy, there are also other articles on analysis methods, trading psychology, money management, etc.
- Market News: This section gives the updated financial market news.
- Webinars are scheduled periodically by Axiory’s in-house experts and analysts.
- Trader’s edge: This gives traders some insights and trading ideas.
- Weekly market commentary: This comes up every Monday ahead of the week’s expected releases and forecasted market moves. It gives traders ideas of which assets to monitor and trading opportunities to look out for.
- TradingSniper comes up periodically. It focuses on market setups and trading opportunities to explore.
- Economic calendar: This is a customizable calendar of events that are expected to make an impact on the markets. It shows the date and time of the event, analysts’ predictions, history of impact, and impact level.
Axiory intelligence has its own dedicated social media handles, which are active. The platforms are Facebook, Twitter, Instagram, YouTube, and LinkedIn.
Other trading tools
This is a technical analysis trading tool that constantly monitors the markets, identifies trading opportunities, and alerts the trader via notifications, emails, etc. It is fully customizable to suit the trader’s preferences, trading style, and strategies. Autochartist is available to Axiory clients as an MT4 plugin app, iOS, and Android apps.
Axiory strike indicator
This proprietary technical indicator is provided to all clients at no extra cost. The strike indicator helps a trader to identify trends. It is simple to use because all that is required is to look at the colors; red shows a downtrend, and blue color shows an uptrend. The indicator is available for downloads on windows and MAC computers.
There are 5 calculators on one page separated by tabs. They are:
- Margin Calculator: Calculates the required margin after you have inputted the leverage and other parameters.
- Currency: This calculator converts one currency into another
- Pips: This calculates the value of a pip after inputting the currency, lots, and instrument.
- Swap: This calculates the swap fees for long and short positions when the currency, trade volume, and trading instrument are entered.
Profit: It estimates the current stop loss and current take profit values when the traded instrument, volume, stop loss, take profit, and opening price values are inputted.
The Axiory client support desk is open; Monday to Friday from 11 am to 7 pm (GST). There is a frequently asked questions (FAQs) page that answers several questions posed by beginners. To reach the support team, you can initiate a chat on the website or call the support lines in any of the following 5 countries: Singapore, Chile, United Arab Emirates, Cyprus, and Belize. They can also be reached through email: [email protected]. On the website, there is a ”contact us” form that can be filled to reach the support desk. On social media, they are available on Facebook, Twitter, YouTube, Instagram, and LinkedIn.
Bonus and Promotions
At the moment, Axiory is offering up to a 50% bonus on deposits up to a maximum of $5,000. This offer is for a limited time which is from 1st December 2020 to 31st March 2021. The bonus cannot be withdrawn but can only be used to fund trading positions.
Axiory is an award-winning CFD broker that offers multiple assets on modern trading platforms. Regulated by the IFSC, Belize, and a member of the financial commission, clients’ funds are safe. Trade execution is very fast, and trading fees are competitive. Over 150 instruments in the CFD assets classes of forex, indices, stocks, metals, and energies can be traded on its cTrader and MT4 trading platform. The platforms are sophisticated, loaded with trading tools, support trade automation as well as mobile trading. Trading tools like Autochartist, economic calendar, news, and analysis are also available.
However, most forex trading experts, analysts, and professionals believe that offshore regulators are substandard when compared to reputable regulators like the Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), and Australian Securities and Investments Commission (ASIC). Also, limiting account currencies to USD and EUR is not a good idea. Tradable instruments are limited when compared to other brokers. Axiory investors are not offered managed accounts or social trading accounts, except the ‘cTrader copy,’ which is a platform feature.
Nevertheless, we can conclude that Axiory is a credible and reliable broker but not short of flaws.
What Is Regulation?
Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions.
What is Base Currency?
In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.
|EUR, USD, JPY|
|Type Of Brokers
There are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers.
What is Trading Platform?
A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.
|Desktop, Mobile, MT4|
|Website Language||English, Chinese|
|Acc Funding Methods||Skrill, Wire transfer, Visa Card, Master Card|
|Acc Withdrawal Methods||Skrill, Wire transfer, Visa Card, Master Card|
Trading Account Options
Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.
What Is Mini Account?
A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses.
What Is Segregated Account?
Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments.
|Free Demo Accounts|
What Is Managed Accounts?
A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs.
|Minimum Deposit||100 USD|
What Is Islamic Account?
An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.
Contact Information & Support
|24 Hours Support|
|Support During Weekends|
|Address||No.1 Corner of Hutson Street and Marine ParadeBelize CityBelize|
Axiory Trading Features
Spreads And Commission
What Is Spreads?
The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.
What Is Hedging?
Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.
What Is Scalping?
Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit.
What Is Indices?
The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.
What Is Commodities?
The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.
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