Axiory

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. The company features a unique risk management tools, in addition to a smart registration system which allows traders to open a live account in less than 10 minutes.

With top-notch liquidity partners and tech-savvy connections, Axiory stives to provide no third-party intervention, best market prices, and minimal slippage. Their strongest asset is ensuring that all traders are supported and cared for by an award-winning, international, highly professional, and extremely friendly team.

Pros

• Regulated by the IFSC, Belize.
• The trading platform available is the popular  MT4, MT5, and the powerful cTrader.
• The Autochartist is provided to help traders with technical analysis.
• Updated market news, expert analysis, and trading.
• Multiple payment options.
• The minimum deposit is $10, and the maximum leverage is 1:777.
• Axiory trading academy is available on the website and on the Axiory intelligence portal.

Cons

• The asset index is limited; no cryptocurrencies
• Account currencies are limited to only EUR and USD
• No service to clients from the USA, EU 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 top reputed company, one of the biggest accounting firms in the world. The audit is done by the renowned for auditing services and operates globally.

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. The company is Compensation/investor protection fund under Financial Commission membership.

Trading instruments

Axiory clients can speculate on the following markets with 350+ trading instruments:

• 62 forex pairs
• 78 stocks
• 10 CFD indices
• 78 CFD Stock
• 69 ETF
• 5 Energies
• 4 Metals

Account opening

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.

Fees and account types

Axiory supports only two account currencies: EUR and USD. The MT4, MT5, and cTrader platforms are available on the account below. The following account types are available:

Nano account

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.

Standard account

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.

Max account

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.

• Tera account type only available on MT5
• Alpha account type offers exchange products investments on the MT5 platform

Islamic account

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.

Demo account

This is an unlimited practice account preloaded with $10,000 virtual funds available for both the MT4, MT5 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).

Trading platforms

Two trading platforms are available, they are:

MT4 and MT5

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 and MT5 are available as follows:

• WebTrader: runs on web browsers.
• Windows Desktop version: This is the flagship version
• MT4 and MT5 for MAC
• MT4 mobile: available for iOS and android

cTrader

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.

Find the comparison between account types as below to pick the right one for your trading.

Account Types
						Exchange Traded Stocks only
Account name:	NANO	Standard	MAX		Terra	Alpha
Trading platforms:	MT4, cTrader	MT4, cTrader	MT4, cTrader, CopyTrade app		MT5	MT5
Minimum deposit:	$10	$10	$10		$10	$0
Leverage:	1:400	1:400	1:777		1:400	1:1
Minimum lot/order size:	0.01	0.01	0.01		0.01	1
Maximum volume per click:	1000	1000	1000		1000	100000
FX Lot Size	100 000	100 000	100 000		100 000	1lot = 1share
Maximum Open/Pending Orders per Client	Unlimited	Unlimited	Unlimited		Unlimited	Unlimited
Execution type:	Market	Market	Market		Market	Market
Spread type:	Floating	Floating	Floating		Floating	Floating
EURUSD spread [pips]:	0.2	1.2	1.8		0.2	n/a
Commission [per 100K round turn]:	6USD/lot	–	–		6USD/lot	From 1.5 USD/lot
Margin call:	50 %	50 %	50 %		50 %	–
Stop out:	20 %	20 %	20 %		20 %	–
Scalping policy:	yes	yes	yes		yes	no
Other Accounts
VIP account:	no				no	no
Islamic account	yes				yes	no
Swap-free account	yes				yes	no
MAM/PAMM account:	PAMM				no	no
Free Demo account	yes				yes	no
No-expiration DEMO account:	90 days of inactivity				90 days of inactivity	no
Managed accounts	no				no	no
Interested on Margin	no				no	no

Aslo check the other accounts offered by the company

Other Accounts
VIP account:	no				no	no
Islamic account	yes				yes	no
Swap-free account	yes				yes	no
MAM/PAMM account:	PAMM				no	no
Free Demo account	yes				yes	no
No-expiration DEMO account:	90 days of inactivity				90 days of inactivity	no
Managed accounts	no				no	no
Interested on Margin	no				no	no

Research and Education

In 2020, Axiory Global launched a dedicated 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

Autochartist

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/MT5 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.

Calculator

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.

Customer Support

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.

Support Summeries:

• Live Chat: Yes
• Phone: Yes, Call 97145896250 to connect their live support
• Fax: No
• Support hours: 24/5 Asia support and 11-19 GST Rest of World

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 1^st December 2020 to 31^st March 2021. The bonus cannot be withdrawn but can only be used to fund trading positions.

Summary

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, MT5, 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.