REVIEWS
Axiory Review 2022
Reviewed
Tested
Safe
Axiory is an online Forex broker that was founded in 2011, and 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 its 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 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 Trade Main Features | |
|---|---|
| 🗺️Established in: | 2011 |
| 🏢Headquarters: | Belize |
| ⚖️Regulation: | IFSC |
| ⚖️Country of regulation: | Belize |
| 💰Minimum Deposit: | $50 |
| 🖥Platforms: | MT4, MT5, 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 | Cons |
|---|---|
| • Regulated by the International Financial Services Commission (IFSC) | • US Clients not allowed |
| • Segregated accounts for client funds | • Cryptocurrencies not provided |
| • Markets Commentary with Axiory Intelligence | |
| • Credible funding methods | |
| • A less than 10-minute registration process | |
| • Provides negative balance protection |
OctaFX
Pepperstone
BlackBull Markets
Vantage
Avatrade
Learn2Trade
CryptoSignals
1000pipbuilder
DDMarkets
Etoro
Axiory is an online Forex broker that was founded in 2011, and headquartered in Belize.
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 | Cons |
|---|---|
| • Regulated by the IFSC | • No US Clients allowed |
| • 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 |
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.
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 | Cons |
|---|---|
| • No deposit or withdrawal fee | • Transfer fee required |
| • Low minimum deposit required | • The commission charged 6USD per lot(NANO account) |
| • No inactivity fee | •Floating spreads |
| • No account fee | |
| • All costs are transparent |
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 | |||
| Khwezi Trade 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 |
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.
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.
Accounts 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 | Cons |
|---|---|
| • No deposit fee | • Limited base currencies |
| • A large variety of payment methods | |
| • Credible payment methods |
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 | Cons |
|---|---|
| • No withdrawal fee | • Limited base currencies |
| • A large variety of payment methods | |
| • Credible payment methods |
Axiory Withdrawal Options
- E-Wallet
- Wire Transfer
- Credit\Debit Card
Trading Platforms
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 | Cons |
|---|---|
| • Accessible on Windows and Mac | • Available only in English |
| • Supports EAs | • No notifications or alerts provide |
| • Customized indicators | |
| • Order history, account history, and portfolio available for viewing | |
| • Pricing Systems available | |
| • Accurate trading tools |
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 | Cons |
|---|---|
| • Accessible on Windows and Mac | • Available only in English |
| • Accessible on iOS and Android | • English is the only available language on the MT4 platform |
| • Supports the use of EAs | • No mobile notifications on price alerts |
| • Custom-made indicators available | • No facial recognition or fingerprint login available |
| • Order history, past performance, and overall portfolio is accessible | |
| • Access to pricing systems | |
| • Accurate tools for trading |
Markets & Financial Instruments
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 | Cons |
|---|---|
| • Access to the most exclusive financial markets | • No cryptocurrency provided |
| • Trading with 70+ financial instruments | • Limited financial instruments |
| • Scalping and hedging allowed |
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.
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
| Axiory Tools | ||||
|---|---|---|---|---|
| MyAxiory | Calculator | |||
| AutoChartist | Strike Indicator | |||
| Currency Indices | ||||
| Pros | Cons |
|---|---|
| • Strike indicators are available on Windows and iOS | • Not available except for members |
| • AutoChartist is customizable | • Currencies in the Currency Indices cannot be traded |
| • The calculator measures the pip, swap, margin, and currency |
Markets Research & Trading Tools
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 | Cons |
|---|---|
| • Technical Analysis is updated daily | • None |
| • Investment Strategies are available | |
| • Axiory’s Market Intelligence is updated daily |
Customer Service
| Pros | Cons |
|---|---|
| • Different methods of customer service | • Not available 24\7 |
| • Accurate responses | |
| • Human-to-human approach |
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
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 | Cons |
|---|---|
| • Educational resources are free | • Only available in English |
| • Covers basic and intermediate topics | |
| • Easy and simple to read through |
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.
Frequently Asked Questions
Is Axiory A Good Broker?
Is Axiory Legit?
Yes, Axiory is a legitimate Forex trading provider, since it is a member of the Financial Commission and it is regulated by the International Financial Services Commission (IFSC) in Belize.
How Long Do Axiory Withdrawals Take?
Withdrawal processes in Axiory take from 1-10 business days, depending on the payment method you have chosen.
What Is The Minimum Deposit For Axiory?
The minimum deposit for Axiory is 100USD.
Is Axiory Regulated?
Axiory is regulated by the International Financial Services Commission (IFSC) in Belize. It is also a member of the Financial Commission, and submits monthly trading reports to the PWC.
Is Axiory An ECN Broker?
Yes, Axiory is an ECN broker. It also operates as an STP broker, and as an NDD broker.
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.
Methodology
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.
2023 Review Methodology
For our 2023 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
Chad Smith
Director of Research & Analysis
Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.
Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.
Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.