Axiory Review – Forex Trading Broker Ratings 2020

Axiory Company DetailsTrading PlatformsMarketsSpreads & FeesLeverageMobile AppsPayment MethodsDemo AccountBonuses & PromotionsLicensing & RegulationAdditional FeaturesAccount TypesBenefitsDrawbacksTrading HoursCustomer SupportTrader SafetyAxiory VerdictAccepted CountriesAlternatives to AxioryFAQ

Axiory is an international forex and CFD broker, offering the MetaTrader 4 and cTrader platforms. This review covers account types, minimum deposits, bonuses, and contact details. Find out whether to register for an Axiory account and start trading today.

Axiory Company Details

Starting in 2011 and operating since 2012, Axiory Global Ltd is based in Belize and the Group operates in the Middle East and various locations around the world, including the UK, Dubai and Singapore.

Axiory is licensed and regulated by the International Financial Services Commission (IFSC) in Belize.

Trading Platforms

MetaTrader

The broker offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which host a range of intuitive features:

50+ customisable indicators & tools (moving averages, RSI, etc.)
Four execution modes & three pending order types
Financial news & economic calendar
Expert Advisors (EAs) & Market Watch
Historical data

The MT4 and MT5 platforms can be downloaded onto Windows or Mac PCs from the Trading Platform page on Axiory’s website.

A web browser version of MetaTrader is also available with all the same features but without the need for a software download. WebTrader can be accessed from the MetaTrader page on the broker’s website.

cTrader

cTrader is newer than MT4 and boasts multiple useful features, including cTraderID – an account management approach that uses one login for all accounts. Other features include:

Modern & user-friendly interface
Timeframe & symbol favourites
Excellent execution capabilities
cTrader Automate.API
60+ native indicators

cTrader can be download to Windows and Mac devices. A web browser version is also available.

CopyTrade

Axiory launched a new social trading platform in 2021. The free mobile application lets Max account holders replicate the positions of Master Traders. Users can view previous wins and losses to find a Master Trader that suits their investment goals and risk appetite. Clients can also retain control over order parameters, including order size, value, plus stops and losses.

Whilst an excellent solution for beginners looking to learn from advanced traders, Master Traders can also use the service to generate additional revenue from their trading activities.

The application is free to download from the respective app store.

Markets

Four primary markets are available at Axiory (and over 150 markets in total):

Forex – Trade over 60 currency pairs
Stocks & ETFs – Trade 100+ stocks on the largest EU and global companies, including Tesla and Google
CFD indices – Trade 10 major stock indices including the FTSE, & Nikkei
CFD precious metals – Invest in gold, silver, platinum, and palladium
CFD energies – Trade crude oil and natural gas
Exchange Stocks & Exchange ETFs

Spreads & Fees

Compared to other brokers such as Purple Trading, Axiory’s floating forex spreads are competitive. With the Nano account, average spreads start at 0.2 pips for the EUR/USD, 0.7 pips for the EUR/GBP, and 0.5 pips for the GBP/USD.

Less favourable spreads are offered with the other two accounts, for example with the Standard account, the average spread on the EUR/USD pair is 1.2 pips.

For major CFD indices, spreads with the Nano account average around 1.2 points for the FTSE 100, going as low as 0.7 for the S&P 500.

Spreads on gold and silver are approximately 0.1 and 0.011 respectively, and for crude oil, spreads are around 0.05.

Other trading fees include a $6 commission per lot with the Nano account, dividend payments on long or short positions held on indices, as well as swap fees charged to positions held overnight.

Leverage

Axiory offers a range of leverage options from 1:1 up to 1:777 with the MAX account, and up to 1:400 with the Nano and Standard accounts. An easy-to-use margin calculator can be found on the broker’s website.

Mobile Apps

Both MetaTrader 4 and cTrader are available on mobile devices, meaning users can manage their accounts and trade anywhere, anytime.

Available on both iOS and Android devices, the mobile apps offer the same features as the desktop platforms. Head to the iPhone/iPad app store or Android Play Store to download.

Axiory mobile app

Payment Methods

Deposits

Axiory offers several deposit methods from credit cards to bitcoin wallets, available in USD or EUR. Deposits are free over $200, however, a fee of $15 will be charged for deposits less than $200.

International wire transfer – Free of charge. 3 – 10 business days
Credit & debit cards – Free of charge. Immediate
Neteller – Possible external fees. Immediate
Sticpay – Possible external fees. Immediate
VLoad – Possible external fees. Immediate
Skrill – Possible external fees. Immediate

Withdrawals

Axiory has a 24-hour processing policy (provided all conditions are met). Respective fees and information for the different options are as follows:

International wire transfer – Remittance fee. 3 – 10 business days
Credit & debit cards – Free of charge. 3 – 10 business days
Neteller – Possible external fees. Immediate
Skrill – Possible external fees. Immediate
Sticpay – Free. Immediate
VLoad – Free. Immediate

Demo Account

Axiory has a competitive demo offering, making both MT4 and the cTrader platform available. With $10,000 in virtual trading cash and no expiry, users can experience real market conditions and practice different techniques.

Features include:

Flexible leverage
EUR or USD base currency
Multiple demo accounts allowed
Full support of customer care team
Full use of tools, EAs, and indicators
Keep your demo account open alongside your live account

Though limited information is available, Axiory also offers its own web-based platform FX Simulator where users can learn how to trade and test strategies on an STP account.

Bonuses & Promotions

Axiory offers a range of promotions and financial incentives to new and existing customers. New clients can benefit from a $25 no deposit bonus, which can be claimed by simply opening an account and verifying ID.

Licensing & Regulation

Axiory Global Limited is licensed and regulated by the International Financial Services Commission (IFSC) of Belize. The broker is transparent about its regulatory requirements, including publishing monthly statistics, as well as being audited annually.

To ensure the safety of client capital, Axiory segregates funds in a separate account, and in the unlikely event of bankruptcy, compensatory funds will be handled by a third-party auditing firm.

Axiory also provides negative balance protection, whereby the margin call in all accounts is set at 50% and the stop out at 20%.

Note, Axiory is unavailable in multiple jurisdictions, including Indonesia and some other countries in Asia.

Additional Features

Axiory offers a host of additional resources, both suited to beginners and experienced traders, including:

Axiory Intelligence news platform
Axiory Trading Academy
Axiory Strike Indicator
Copy trading platform
MyAxiory client zone
Economic calendar
Margin calculator
Live webinars
Autochartist

CopyTrade

Account Types

Axiory offers four account types: Nano, Standard, Tera, Alpha and MAX, which can all be coupled with either MT4, MT5 or cTrader.

All accounts require a minimum deposit of 10 USD and a minimum lot size of 0.01.

All options offer unlimited orders, hedging, and upon request, Islamic swap-free trading conditions.

Average spreads, leverage, and commissions vary per account. You will find the lowest spreads with the Nano account (starting at 0.2 pips), but you will enjoy the highest leverage of 1:777 with the MAX account.

Commissions are charged at $6 per lot with the Nano account while there are no commissions with the Standard or MAX accounts.

Benefits

Pros of trading with Axiory include:

Broad range of payment methods
Reliable customer support
Transparent fee structure
75+ major EU stock CFDs
Strong demo offering
Alpha stock account
VPS compatible
Copy trading

Drawbacks

Drawbacks to trading with Axiory include:

Cryptocurrency trading unavailable
Clients from multiple jurisdictions not accepted, including the USA & European Union

Trading Hours

Forex trading is available Monday to Thursday 00:04 – 23:59 GST and Friday 00:04 – 23:58 GST. For CFD indices, trading hours vary depending on the index and can be viewed on the Markets page of the broker’s website.

For crude oil, natural gas, and electricity, trading is available Monday to Friday at 01:00 – 24:00 GST and for Brent oil, hours are 01:00 – 24:00 GST on Monday and 03:00 – 24:00 GST on Tuesday to Friday.

Trading hours for precious metals run from 01:00 – 24:00 GST Monday to Friday.

Customer Support

There are several ways to contact Axiory customer support:

Email – support@axiory.com
Online request form – customer support page
Telephone – see the broker’s website for the number in your area
Online chat – located in the bottom right-hand corner of the website

Follow Axiory on social media:

Facebook
LinkedIn
Twitter

Trader Safety

The MetaTrader and cTrader platforms comply with industry-standard Secure Sockets Layer (SSL) encryption. Axiory also uses the Jumio verification process during customer registration.

This includes requesting ID and proof of address documents from all new customers.

Axiory Verdict

Axiory is a good choice for both beginner and expert traders, offering the MT4 and cTrader platforms, plus a suite of additional extras, including Autochartist, Strike Indicator, and a learning academy.

The markets offered may not be as extensive as those at other brokers, but the above combined with low spreads and competitive account offerings make Axiory a strong provider.

Accepted Countries

Axiory accepts traders from Australia, Thailand, South Africa, Singapore, Hong Kong, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.

Traders can not use Axiory from United States, Canada, Iran, Indonesia, Korea, Belize, Albania, Bahamas, Barbados, Botswana, Cambodia, Ghana, Iceland, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda, Yemen, Zimbabwe, Japan, Belgium, Bulgaria, Brazil, Czech Republic, Denmark, Germany, Estonia, Ireland, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, United Kingdom, India, Norway.

Alternatives to Axiory

If you are looking for alternatives to Axiory we have compiled a list of the top 5 brokers that are similar to Axiory below. This list of brokers like Axiory is in order of similarity and only includes companies that accept traders from your location.

RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.

FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.

OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.

ThinkMarkets – ThinkMarkets is a multi-regulated forex and CFD broker

Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.

FAQ

What accounts are available at Axiory?

Axiory offers five accounts: Nano, Standard, Tera, Alpha and MAX. The Nano account is commission-based, whilst the Standard and MAX accounts are commission-free accounts. Tera and Alpha are MT5 accounts. Specifications of all three accounts can be found on the broker’s website.

Does Axiory offer a demo account?

Yes, Axiory offers a flexible and competitive demo account. Users receive 10,000 USD in virtual funds to practice trading for as long as needed.

What leverage is available at Axiory?

Leverage with the Nano and Standard accounts stretches to 1:400 while with the MAX account, the maximum leverage is 1:777.

What payment options does Axiory offer?

Deposits and withdrawals can be made via wire transfer, credit/debit card, Neteller, Sticpay, VLoad, and Skrill. Some immediate payment options are available and deposits above $200 are free. Withdrawals are usually processed within 24 hours and some payment providers may charge a fee.

What products are available at Axiory?

Axiory offers over 60 currency pairs, 10 stock indices, energies, and precious metals (over 150 markets). For leverage information and product-specific details, see the broker’s website.

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