Axiory Review 2020

Axiory Summary

Axiory is an online Forex broker that was founded in 2011, headquartered in Belize. This Forex broker provides you with three different trading accounts, a variety of trading tools, and more than 50 financial instruments.

Axiory offers to their traders the opportunity to trade in exclusive financial markets and provide transparency in their transactions. By being regulated by the International Financial Services Commission (IFSC) in Belize, this broker in Forex trading is considered as a safe broker to trade with.

Axiory utilizes advanced technology in trade execution and trading solutions for experienced traders that will guarantee stability and speed in trading. This Axiory review will give you an in-depth analysis of the features of this Forex broker.

Axiory Main Features
🗺️Established in: 2011	🗺️Headquarters: Belize
👛Regulations: IFSC	👛Country of regulation: Belize
💰Minimum Deposit: $50	🛍️Platforms: MT4, cTrader
🎮Demo Account Available: Yes	💰Leverage: 1:777
💰Withdrawal fee amount: $0	💰Inactivity Fee: No

Background

Axiory was founded in 2011, where it was established in Belize. This Forex broker wanted to combine trading, technology, and transparency into a concept for clients. Axiory is known for its corporate social responsibility, by supporting impoverished people in disaster areas.

Pros

• Regulated by the International Financial Services Commission (IFSC)
• Segregated accounts for client funds
• Free Education and Webinars
• Markets Commentary with Axiory Intelligence
• Credible funding methods
• A less than 10-minute registration process
• Provides negative balance protection

Cons

• US Clients not allowed
• Cryptocurrencies not provided

Safety & Regulation

Axiory is a regulated broker by the International Financial Services Commission (IFSC) in Belize. This Forex trading provider is also a member of the prestigious Financial Commission and complies with the Anti-Money Laundering (AML) policies to protect client funds from fraudulent activity.

Pros

• Regulated by the IFSC
• Segregated accounts for client funds
• Provides compensation of funds in case of firm bankruptcy
• Offers negative balance protection
• Provides monthly reports of trading statistics to the public
• Complies with Anti-Money Laundering (AML) policies

Cons

• No US Clients allowed 

Is Axiory Safe?

Axiory is a very safe broker since client funds are kept in segregated accounts and negative balance protection is provided to clients. This Forex trading provider also offers compensation of funds, in the case that the broker becomes bankrupt.

 

 

Axiory Fees

With Axiory, there are no high Forex trading fees and the non-trading fees are practically non-existent. You do not have to worry about a deposit or withdrawal fee, but you will have to keep ın mınd that a commıssıon of 6 USD per lot ıs charged on the NANO account only.

Pros

• No deposit or withdrawal fee
• Low minimum deposit required
• No inactivity fee
• No account fee
• All costs are transparent

Cons

• Transfer fee required
• The commission charged 6USD per lot(NANO account)
• Floating spreads

Non-Trading Fees

Axiory’s non-trading fees are practically non-existent. This Forex trading provider does not charge you a deposit or withdrawal fee. You will not have to pay an inactivity fee or an account fee that is paid to keep your trading account open.

Deposit Fees and Withdrawal Fees
Deposit Fees	0USD
Withdrawal Fees	0USD

Axiory Fees Compared To Competitors
	Axiory	Pepperstone	IronFX
Account Fee	No	No	Yes
Inactivity Fee	No	No	Yes
Deposit Fee	0USD	0USD	0USD
Withdrawal Fee	0USD	0USD	0USD

Axiory provides traders with floating spreads; this means that the prices fluctuate depending on external circumstances. However, on average, the Standard trading account has spreads starting from 0.2 pips to 1.2 pips.

Leverage

In order to trade, the maximum leverage level is 1:777 on the max account; while the Nano and Standard accounts offer leverage up to 1:400.

Account Opening

There are three accounts that are available for traders, and all of them have the Islamic Account option. The account opening process is very fast and completely digital; it can be done in ten minutes. However, you have to pay a minimum deposit amount of 50USD for any trading account with Axiory.

Pros

• Account opening process is very fast
• Different account types available
• Provides Islamic account on all trading accounts
• Fully digital
• All accounts can be swap-free

Cons

• Limited account base currencies

Axiory Minimum Deposit

In this Axiory review, we are tackling the three different types of accounts that are provided to clients. These three trading accounts require a minimum deposit amount of 50USD.

Account Types:

• Nano Account
• Standard Account
• MAX Account

Axiory Nano Account

With the Nano Account, the leverage level provided is up to 1:400, with a required minimum deposit amount of 50USD. The average spread of EURUSD is 0.2 pips.

The only account currencies available are the EUR and the USD. The Nano Account is available on both MT4 and cTrader, and you have the option of an Islamic Account. However, you will be charged with a commission of 6USD per lot.

Axiory Standard Account

With the Standard Account, the leverage level is 1:400, with a required minimum deposit amount of 50USD. The average spread of EURUSD is 1.2 pips.

The only account currencies available on the Standard Account are the EUR and the USD. The Standard Account is available on both MT4 and cTrader, and you have the option of an Islamic Account. You will also not have to worry about commissions since there are no charged commissions.

Axiory MAX Account

With the MAX Account, the leverage level provided can go up to 1:777. There is a required minimum deposit amount of 50USD to activate the account, and the account is commission-free.

The only account currencies available on the MAX Account are the EUR and the USD. The MAX Account is available on both MT4 and cTrader, and you have the option of an Islamic Account. The average spread of EURUSD is 1.8 pips.

How To Open an Axiory Trading Account

Step One: Fill in the application with your personal information

Step Two: Choose whether you want a Demo Account or a Live Account

Step Three: Choose your preferred leverage level, trading platform, base currency, and the account type

Step Four: Fill in your personal information, and answer the compliance questions

Step Five: Verify your documents with your passport or National ID

Deposit & Withdrawal

Axiory offers all payment options, from wire transfers to e-payments. You will not have to worry about a deposit or withdrawal fee, but you will need to look out for transfer fees. There are only three base currencies you can use for your account.

Deposits

This Axiory review will show you the specific payment options that you can deposit funds into your trading account. You can deposit funds through Credit\Debit Card, Wire Transfer, BitPay, Neteller, Skrill, SticPay, VLoad, and ThunderXPay.

There is no deposit fee, but there is a transfer fee that might be required, depending on the type of payment method you have chosen.

Pros

• No deposit fee
• A large variety of payment methods
• Credible payment methods

Cons

• Limited base currencies

Axiory Deposit Options

• E-Wallet
• Wire Transfer
• Credit\Debit Card

The payment options for depositing funds into your trading account are also available for withdrawals. Axiory highly recommends that use the same payment method for depositing and withdrawing funds for a smoother process.

Withdrawals

There is no withdrawal fee, but there might be a required transfer fee if you choose to use certain e-payment methods. You will find that the withdrawal process takes longer than with most Forex trading brokers, but it also relies on the type of payment method you use.

Pros

• No withdrawal fee
• A large variety of payment methods
• Credible payment methods

Cons

• Limited base currencies

Axiory Withdrawal Options

• E-Wallet
• Wire Transfer
• Credit\Debit Card

Trading Platforms

Axiory offers two state-of-the-art trading platforms; MT4 and cTrader. Both platforms are downloadable on Windows and Mac as well as on Android and iOS devices, allowing smartphone trading. You can also choose web-trading.

• MetaTrader4
• cTrader

For this Axiory review, we are demonstrating a guide on the web, desktop, and mobile trading platform of MetaTrader4. Both trading platforms offer the option of hedging, and you can always rely on the support of EA’s to help you with trading.

Web Trading Platform

With Axiory and its MT4 web trading platform, you will be able to place four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. These four pending orders are the basic pending orders of trading, allowing you to determine when you want to buy\sell security at a certain price in the future.

The MT4 trading platform of Axiory offers a two-step login authentication process only on their Japanese version of the platform, for its Japanese clients only.

Pros

• Accessible on Windows and Mac
• Supports EAs
• Customized indicators
• Order history, account history, and portfolio available for viewing
• Pricing Systems available
• Accurate trading tools

Cons

• Available only in English
• No notifications or alerts provide

Mobile Trading Platform

With Axiory and its MT4 mobile trading platform, you will be able to place four pending orders, parallel to the web and desktop trading platform. These pending orders give you the opportunity to determine when you want to buy\sell security at a certain price in the future. The pending orders available on the MT4 mobile trading platform are: Buy Limit, Buy Stop, Sell Limit, or Sell Stop.

With the mobile trading platform, you will not have the option to receive any price alerts or push notifications, since it is not an available option for traders.

Pros

• Accessible on iOS and Android
• Supports the use of EAs
• Custom-made indicators available
• Order history, past performance, and overall portfolio is accessible
• Access to pricing systems
• Accurate tools for trading

Cons

• English is the only available language on the MT4 platform
• No mobile notifications on price alerts
• No facial recognition or fingerprint login available

Markets & Financial Instruments

With Axiory, you will be able to trade with more than 170 financial instruments and you will have access to the most exclusive financial markets. The most common financial market used by Axiory Traders is the currency pairs financial market and the energies financial market. Axiory offers access to all major financial markets and you will be able to trade with more than 170+ financial instruments. You can trade FX, energies, CFD indices, CFD stocks, and metals. However, you will not find commodities or cryptocurrencies. This Axiory review labels the financial instruments you can trade with and the specific available quantity.

What Axiory Offers
Energies	5
CFD Stocks	70+
Currency Pairs	60+
Metals	4

Pros

• Access to the most exclusive financial markets
• Trading with 70+ financial instruments
• Scalping and hedging allowed

 Cons

• No cryptocurrency provided
• Limited financial instruments

Markets Research & Trading Tools

Axiory provides market research and trading tools that will enhance the trader’s experience and help with improving their trading strategies. The market research materials consist of market news and technical analysis that will help in keeping traders updated.

Trading Tools

This Axiory review shows that it provides traders more than a few trading tools, all helpful to the trader to make rational trading decisions. These trading tools are MyAxiory, Calculator, AutoChartist, Strike Indicator, and Currency Indices.

Axiory Tools
MyAxiory	Calculator
AutoChartist	Strike Indicator
Currency Indices

Pros

• Strike indicators are available on Windows and iOS
• AutoChartist is customizable
• The calculator measures the pip, swap, margin, and currency

Cons

• Not available except for members
• Currencies in the Currency Indices cannot be traded

There is a variety of trading tools that will help you in evaluating trading strategies. The first trading tool is MyAxiory is the database that stores all of your order history and past performance. The second trading tool is Calculator, which allows traders to calculate account currency with its asset class and it calculates to the measurement of margins, pips, swap, or profit.

The third trading tool is Auto Chartist, which is a very common tool for traders to use to customize charting tools. The fourth trading tool of Axiory is the Strike Indicator, which analyses currency pairs to determine trends. The final trading tool of Axiory is the Currency Indices, which reflects the value of a currency while simultaneously the changes in the exchange rates.

Market Research

Axiory offers traders market news and technical analysis as market research materials to help you stay updated with the trading industry. The market newsfeed is not updated daily, but the technical analysis is updated on a daily basis. However, the most recent market research material is the investment strategies that are provided to the trader’s preference.

Pros

• Technical Analysis is updated daily
• Investment Strategies are available
• Axiory’s Market Intelligence is updated daily

Cons

• None

Axiory is an online trading provider that offers market news, technical analysis, and investment strategies. The market news feed is updated regularly but it allows traders to stay updated on the trading world.

Customer Service

Axiory has a multi-award-winning, exceptional customer service department, which focuses on a human and friendly approach. Traders can reach out by calling, going to live chat, emailing support, or even through reaching out on social media channels.

Pros

• Different methods of customer service
• Accurate responses
• Human-to-human approach

Cons

• Not available 24\7

Means Of Communication

• Email support
• Phone support
• Live chat
• Social Media

Axiory believes that the best way to reach out to their clients is through a human-to-human approach, with their well-educated staff. You can reach the customer service department via email, phone, live chat, or through social media. The customer service support is available 24 hours a day, 5 days a week since they do not operate on weekends.

Customers have praised the different methods of contacting the customer service support in this Forex broker. However, there has been criticism in the long and somewhat slow process of customer service.

Client Education

Client education is an essential aspect for Axiory, which is why traders have full access to the “Axiory Trading Academy.” You will find articles, E-books, and videos that will help you further educate yourself in trading.

The Trading Academy of Axiory is a compilation of articles, e-books, and videos that provide educational insight for novice traders. You will be able to go back to basics, where the Academy will teach you trading terms, compare between trading platforms, and learn all about trading solutions.

For the more experienced traders, the Demo Account is a preferred method to test out trading strategies and try out the broker before signing with them. Traders can also test their trading strategies without facing financial loss.

Pros

• Educational resources are free
• Covers basic and intermediate topics
• Easy and simple to read through

Cons

• Only available in English

How To Open a Demo Account

This Axiory review provides you with a step-by-step demonstration on how to open your own Axiory Demo Account. Following these steps and you’ll have the chance to trading with Axiory without facing any financial loss.

Step One: Fill in the application with your personal information

Step Two: Choose an account type: Live or Demo Account

Step Three: Select your preferred currency, platform, leverage level, and account type

Step Four: Download the platform and start trading!

Conclusion

This Axiory review has focused on the main features of Axiory and the factors you should consider when you plan to trade with them. The best feature of Axiory is the value of client protection. By being regulated by the International Financial Services Commission (IFSC) in Belize, and being a member of the Financial Commission, transparency and security is a must.

However, Axiory has taken to provide negative balance protection to all three of their trading accounts. The trading accounts that Axiory offers are Nano Account, Standard Account, and MAX Account. This Forex broker has also secured client funds with compensation of funds, in the case that the broker falls into bankruptcy.

The overall opinion on Axiory is that if you are looking for a transparent and accurate broker that takes into consideration the security of your funds and personal information, then you should consider Axiory as your new broker.