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Axiory
5.5
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Summary

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

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Axiory was founded in 2012 and is a trading name of Axiory Global Ltd which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by PricewaterhouseCoopers and is a member of the Financial Commission.

Users can choose from three types of trading accounts called Nano, Standard and Max to trade on 150 different markets covering Forex and CFDs on Stocks, Indices, Energies and Metals. Axiory offers maximum leverage of up to 1:777 and also provides access to Islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

The broker provides the ability to trade on the MetaTrader 4 and cTrader trading platforms for Windows, Mac, Web, Android and iOS, as well as advanced trading features such as access to AutoChartist and custom indicators such as the Axiory Strike Indicator to help predict trends.

 

Overall Rating 5.5
PROS:
  • • Low Fees
  • • No Deposit or Withdrawal Fees
  • • Variety of Account Types and Trading Instruments
  • • Advanced Trading Platforms and Tools
  • • 24/7 Customer Support
  • • Negative Balance Protection
  • • Regulation by the Financial Services Authority (FSA)
  • • Secure Funds with Bank-Grade Security
CONS:
  • • Limited Market Coverage
  • • Lack of Cryptocurrency Options
  • • Limited Range of Research and Education Tools
  • • High Leverage Ratio May Encourage Risky Trading
  • • Limited Range of Payment Methods

Deposit and Withdrawal

Axiory offers users the ability to deposit and withdraw funds via debit and credit cards, international bank wire transfer, SticPay, BitPay, Skrill and Neteller.

Trading Platform

Axiory offers users the ability to trade on two globally recognised trading platforms:

MetaTrader 4

This platform is available to download on Windows and Mac and can also be used from your Web browser. The MetaTrader 4 platform offers a variety of features such as the ability to:

  • View real-time prices on multiple asset classes.
  • Access 50+ trading indicators.
  • Use automated trading strategies via Expert Advisors.
  • Access one-click trading features.

cTrader

This platform is available to download on Windows and Mac and can also be used from your Web browser. The cTrader platform offers a variety of features such as the ability to:

  • Use more than 60 native technical trading indicators.
  • View multiple timeframes and chart constructs.
  • Access cTrader Automate for automate trading functions.
  • And many other features.

Axiory also provides access to their own browser-based trading platform where users can view real-time prices, charts, trading tickets and view news announcements from the platform.

  1. Mobile Trading Platforms

Axiory offers users the ability to trade on the MetaTrader 4 and cTrader mobile trading apps for Android and iOS users. These can be downloaded directly from the Apple App Store or Google Play Store. Download links are also provided on the broker’s website.

The mobile trading apps allow for ‘on-the-go’ trading with access to a wide variety of trading tools such as:

  • Real-time pricing.
  • Fast trading and execution.
  • Access to the news.
  • Indicators for technical analysis.
  • Trade directly from the chart.

The mobile trading app provided by Axiory is covered in more detail in the video review.

Markets and Products

  1. Tradable Products

Axiory offers users the ability to trade on 150 different instruments covering Forex (61) and CFDs on Stocks (78) Indices (10), Energies (5) and Metals (4).

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and the account type chosen and are covered further down this review.

  1. Account Opening

Axiory offers three account types called Nano, Standard and Max. Each account offers negative balance protection and can be opened as an Islamic-swap free account. The minimum deposit is only 50 USD for each account type with account funding available in USD and EUR.

 

The biggest differences between the accounts are the spread, commission and leverage. Both the Nano and Standard offer leverage of up to 1:400 with the Max account offering up to 1:777. The Nano account has the lowest spreads with the average on EURUSD 0.2 pips but with a commission of 6 USD per lot. The Standard and Max account offer commission-free trading with slightly higher spreads.

Opening a trading account with Axiory can be done in just five simple steps. The first step is to fill in the broker’s online application form. The second step is to submit all relevant documents such as proof of identity and proof of address using the Jumio verification method.

After this users should receive details to log in to the MyAxiory client zone to download the relevant trading platform in step three. Step four involves funding your trading account with step five taking your first trade. The account opening process is simple and transparent and can be done in around ten minutes.

Customer Service

  1. Contact Information:

Education

Through the broker’s Trading Resources section users can access some educational resources, market analysis and technical analysis articles. The broker also provides a FAQ section and a Live Chat feature for customer support on weekdays between 11 am – 7 pm GST.

Safety

The broker also provides additional transparency and safety of client funds due to the following:

  • Segregating client funds from company funds.
  • Offering a negative balance protection policy.
  • Being a member of the Financial Commission to protect clients’ interests against those of the broker.
  • Providing company audits from PriceWaterhouseCoopers.

 

Bottom Line

Axiory is a trading name of Axiory Global Ltd which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize.

Axiory does not accept clients from the United States and certain other countries.

Axiory is a global forex and CFD broker that offers online trading services for a wide range of financial instruments, including currencies, commodities, indices, and bonds. The company was founded in 2011 and is headquartered in Belize. Axiory offers a range of trading platforms, including the popular MetaTrader 4 platform, as well as educational resources and customer support to help traders improve their skills and make informed trading decisions. The company is regulated by the International Financial Services Commission (IFSC) of Belize and is committed to providing transparent and fair trading conditions to its clients.

The company offers a range of trading instruments, including currency pairs, commodities, indices, and bonds, through its online trading platform. Axiory also offers a range of account types, including standard, ECN, and VIP accounts, each with its own set of features and benefits. In addition to its online trading services, Axiory also provides educational resources, such as trading guides and webinars, to help traders improve their skills and knowledge. The company has a strong reputation in the industry and is known for its excellent customer support and service.

Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

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