Axiory is an international forex and CFD broker who offers online trading. The broker established in 2011. In this Axiory review I will give you the all information about the forex broker.
Axiory states that it was founded because they wanted to offer investors the transparency and technology they deserve. They provide forex service because they think these capabilities are seriously lacking in the market.
I reviewed Axiory based on the following criteria.
- Regulated broker
- MetaTrader 4
- Competitive spreads
- High leverage
- Limited bonus promotions
In this Axiory broker review, you will have the answers to questions which wondering about the broker. For instance, Is Axiory scam or legit? What are the account types offered by Axiory?
Also, the traders asking about Axiory minimum deposit. Is Axiory regulated? What are the trading conditions such as leverage and spreads? Which deposit and withdrawal methods does the broker offer?
Let’s start with regulation and investor protection.
Is Axiory Regulated?
One of the important things in the Forex market is regulation and investor protection. Before opening an account with a forex broker, you must verify their legal information. For example its license.
Axiory Global Ltd which is authorized and regulated by the International Financial Services Commission (IFSC) of Belize. So, it means it is regulated. Also, the broker segregates the client funds from their own operational funds. It offers negative balance protection.
Axiory is a Category A member of the Financial Commission. Financial Commission is an independent organization specializing in the resolution of disputes. Clients can present their complaints to the Financial Commission at any time. The Financial Commission offers a compensation fund of up to 20,000 USD.
The clients’ deposits are segregated from the company’s funds. According to the broker, Globally renowned auditing company PwC issues two reports per year proving a true and complete segregation of accounts.
Thanks to the negative balance protection, you will not encounter a situation like your account going negative or losing more money than you initially deposited. In the event of a significant price movement leading to a negative balance, your additional losses are covered by resetting your balance.
In addition to all this, the broker the safety of your funds seriously. That’s why Axiory offers an extra security feature designed to make sure you are the only one who can get their hands on your money and that’s the 2-Factor Withdrawal Authentication.
When you turned on this, each withdrawal request you make has to be confirmed by clicking a button in a verification mail sent specifically for this purpose. Unless confirmed, the request will not be submitted, and your money will remain in your trading account.
Axiory Trading Conditions
In this section, I will introduce you Axiory trading conditions such as trading instruments, spreads, leverage ratio, account types, trading platforms.
Axiory is an STP and ECN retail forex broker. It offers various trading instruments including forex currency pairs, soft commodities, gold and other precious metals, copper, crude oil, energy goods, CFD indices and stock CFDs. They have added real stocks and ETFs to their trading instruments.
You can on more than 60 currency pairs which are available 24 hours a day, 5 days a week. You’ll also have access to trading tools that’ll help you spot trading opportunities. The maximum leverage offered by the broker is 1:777.
Leverage levels are also defined according to the instrument you are trading with. It varies according to the asset category and the amount traded.
Account Types and Spreads
Axiory offers 3 account types to its clients. These are Nano account, Standard account and MAX account. You can choose one of three account types. You are able to choose the account type that suits your trading style. The trading conditions are customizable. You should speak with the customer service about that before open an account.
Let’s look at the account details. As you can see under below picture, the spreads are competitive. The spreads vary by account types. Also, the leverage up to account types. One of the accounts include commission on currency pairs others don’t.
Nano account offers 100 USD minimum deposit. This is recommended minimum deposit by the broker. Average spread on EUR / USD is 0.2. Maximum leverage ratio 1:400. Commissions are 6 USD/lot. It is 0.04 USD per CFD (min 6 USD) on Stock CFDs.
Standard account required 100 USD minimum deposit. So, it means that you can start trading deposit the amount after opening this account. There is no commission on this account type. But there are 0.04 USD per CFD (min 6 USD) on stock CFDs. The leverage ratio is up to 1:400. Spreads are from 1.2 pips on EURUSD pair.
MAX account is the last account the broker offers. It offers the maximum leverage ratio 1:777. The minimum deposit is 50 USD. So, we can get that Axiory minimum deposit is 50 USD. Spreads are from 1.8 pips on EURUSD pair. There is no commission expect stocks. 0.06 USD per CFD (min 8 USD) commission on stock CFDs.
Account currency options are EUR and USD. There are negative balance protection for all account types. Hedging is allowed. Minimum fx trade volume is 0.01 lots. Fx lot size is 100.000. There are unlimited open or pending orders per client.
Additionally, Axiory offers an Islamic account. This means you can get swap-free trading conditions. This is good news for customers who believe in Islam.
Axiory Standard, Nano and MAX accounts can be used together with MetaTrader 4 (MT4) trading platform. You can get MT4 for PC, Mac (Mojave or Older OS) and iOS/Android devices.
MT4 is the most popular trading platform in the world. It offers almost anything a Forex trader might need. The platform offers indicators and tools help the traders with technical analysis.
There is also cTrader trading platform. It is a modern and progressive alternative program to MT4. This trading platform is becoming popular among traders quickly. Not only thanks to its modern graphic interface and regular updates demanded by its users but also its accessibility through a web interface. You can use cTrader for PC and iOS/ Android mobile devices.
What Are Axiory Withdrawal and Deposit Methods?
The brokers offers user-friendly deposit and withdrawal methods. It is important to have reliable payment partners. The clients’ money must be in safe and easily accessible. This is key building to a relationship of trust between clients and the broker.
The broker say that they select the payment providers carefully to ensure the best customer experience possible. Axiory withdrawal and deposit options are wire transfer, credit debit card, Stickpay, Neteller, Skrill, VLoad and ThunderXpay.
There are no fees charged on Axiory’s side. Possible payment fees might be imposed by payment method provider. Sticpay payment method is not available for corporate clients.
Axiory makes sure that all AML rules and regulations are followed as a regulated broker. It means that deposits can only be made using a bank account or card registered in your name, no third-party deposits are allowed for. Withdrawals must be made to the same account or method where the funds originated.
Axiory Bonus Promotions
The broker offers one bonus promotion. It is 50% deposit bonus promotion. Axiory gives you the opportunity to gain 50% credit into your trading account when making a deposit.
For example, if you deposit USD 100, AXIORY will give you a credit of USD 50. Multiple deposits can be made. The combined total of all credit granted cannot exceed USD 5,000 subject to terms.
The Promotion is non-withdrawable. There is no minimum deposit requirement for the Promotion. If you place a withdrawal request, the Promotion will be removed from your AXIORY trading account. Any profit earned via trading with the Promotion can be kept and withdrawn in accordance with AXIORY’s withdrawal of funds procedure. Withdrawal fees apply.
Axiory is a regulated forex brokers who offers competitive trading conditions. The broker has more than ten years of experience and good reputation. It provides great investor protection.
It offers wide range of trading instruments and two excellent trading platforms. The deposit and withdrawal methods are reliable too. You can easily deposit and withdraw money.
Axiory offers three main trading accounts and good spreads. The max leverage ratio is attractive.
You can find the FAQ in this section. If you want to ask me anything about the broker, you can comment. You also send me an e-mail about anything about forex and investing.
What is the maximum leverage at Axiory?
The maximum leverage is 1:777 with MAX account at Axiory. There are 1:400 leverage ratio with Standard and Nano accounts.
Which products are available at Axiory?
The broker offers 50+ forex currency pairs, commodities, indices, stocks, precious metals and energies. The leverage for gold and silver is 1:100. The leverage for platinum and palladium is 1:20.
Is Axiory offer MetaTrader?
Yes, Axiory MetaTrader 4 is available for all clients. The broker is offering also cTrader which is a good alternative to MT4.
What is Axiory minimum deposit?
The minimum deposit offered by Axiory is just 50 USD. It is for MAX account. Other accounts require 100 USD minimum deposit.