Axiory Review – Trade Currencies with 1:777 Leverage

Axiory Review – Trade Currencies with 1:777 Leverage

Minimum deposit

$100

Bonus

N/A

Maximum leverage

1:777

Year founded

2012

Regulation

IFSC

Trading platform

MT4/cTrader

In an ocean of Forex trading brokers, Axiory is one of the nicest service providers that sets itself apart both in terms of its safety and lucrativeness. Based in 2012, this broker has managed to fine-tune its platform, as well as its individual trading terms and conditions.

By choosing Axiory as your primary service provider, you’re choosing a regulated broker with an IFSC license from Belize. Added to that, you’re also getting lots of different fund protection mechanisms, including account segregation and negative balance protection.

As for the financial instruments that you can trade, Axiory offers you a decent number of different products. These include currencies, CFD indices, energies, and metals. And trading terms and conditions on these assets are quite impressive as well, be it low commission levels, high leverage ratios, or ultra-fast execution speeds.

As our review of Axiory Forex broker will show, we’re dealing with a trustworthy service provider that won’t let you down no matter what happens.

Financial assets you can trade with Axiory

We will begin our comprehensive review of Axiory with its trading assets. This can let us know how diversified the instrument base is and how well you can diversify your portfolio with many different financial assets.

As we have discovered, Axiory offers you four separate asset classes:

  • Currency pairs
  • CFD indices
  • Energies
  • Metals

Currency pairs

Axiory is primarily a Forex trading brokerage, which is why we’re not surprised that a huge chunk of its platform is dedicated to Forex pairs and related trading features.

In total, we were able to find over 60 individual currency pairs at Axiory. These include majors, minors, and even exotic FX pairs, which is pretty much an industry-standard in Forex.

And when it comes to trading terms and conditions for these instruments, our Axiory review reveals quite lucrative offerings, namely: the minimum spreads at 0.2 pips and the maximum leverage at 1:777, not to mention the market execution with ultra-fast trading speeds.

CFD indices

Besides currencies, you can also trade Contracts for Difference at Axiory. Now, even though there are many different CFDs you can trade in the financial market, Axiory concentrates on index CFDs.

Therefore, upon signing up at Axiory, you’ll get 10 individual index contracts to trade. These include NASDAQ, Dow Jones, etc. As for the commissions, the broker still features a very impressive 0.7 minimum spread on these products, allowing you to keep most of your hard-earned profits.

Energies

Then there are energy commodities, which you can also trade with lower spread markups and higher leverage rates. First things first, we should note that there are five basic energy instruments you can choose from, including crude oil and natural gas.

In our Axiory opinion, these 5 energies coupled with low spread markups at 0.5 pips greatly contribute to your profitability in the market.

Metals

And finally, you can also choose one of the four most basic metals, namely: Gold, Silver, Platinum, and Palladium. If you select these metals, you’ll be trading them in combination with the USD.

As for specific trading terms and conditions, not even metals fail to offer you impressive numbers. For example, the maximum leverage for Gold and Silver goes as high as 1:100 while Platinum and Palladium have a 1:20 leverage. The minimum spread, on the other hand, can go as low as 1.6 pips, which is still very lucrative.

Axiory rating

Axiory’s commission levels

After discussing the available financial instruments, it’s time to talk about which assets come with what commission levels, and whether there are other types of commissions at Axiory or not.

In general, there are two types of commissions that Forex brokers charge: trading and non-trading. As our Axiory Forex broker review shows, brokers usually try to eliminate non-trading fees and leave only the fees that are immediately related to the trades.

And the same is true for Axiory as well. So, here are all of the commissions that you’ll be charged if you choose Axiory as your primary service provider.

Trading commissions

Within the trading commissions section, Axiory pays particular attention to bid/ask spreads while trying to either remove or reduce all other charges. And even in that sense, spreads are quite low – even more so if you compare them with other brokers’ conditions.

Now, depending on which account type you choose from, the minimum spread markup will be different for you. For instance, the Nano account will get you the least spread out of all three – 0.2 pips, whereas the Standard account has 1.2 pips and the Max account charges 1.8 pips.

It’s also worth noting that all of the existing trading assets found during our review of Axiory Forex broker feature bid/ask spreads. And fortunately, all of them are very convenient for any type of trader.

Besides spreads, we also came across one additional trade-related commission. As you create the Nano account, the broker will charge you 6 USD every time you place a 1-lot trade. But even this much commission charge is affordable when you consider the commission rates of other brokers.

Additionally, there’s also a rollover fee that you’ll need to pay if you keep your positions open for a timeframe that’s longer than one day. These types of commissions are called swaps and they’re basically charged by any broker you can find out there.

Non-trading fees

Besides trading fees, there are also non-trading fees that some brokers tend to include in their conditions. The most popular non-trading fees are deposit/withdrawal fees and inactivity fees.

As we were forming our Axiory opinion, the fact that it mostly eliminates all non-trading fees convinced us even further that this broker is one of the most beneficial service providers you can get.

For instance, the majority of deposit and withdrawal methods are completely commission-free, while those that might be subject to commission charges are like that because the service providers themselves demand payments.

On top of that, Axiory doesn’t even charge the inactivity fee, which is a regular commission to impose on clients. This further indicates how beneficial it is to trade with this broker.

The company background in a nutshell

Axiory has been operating in the trading market as a full-fledged brokerage firm for around 8 years. Founded in 2012, the broker has polished its trading platform and made its terms and conditions far more beneficial than ever before.

But is Axiory legit? Well, based on the fact that all of the details, whether it’s the establishment information or something else, are openly disclosed, Axiory sets itself apart from its competitors by being as transparent as it gets.

Based in No.1 Corner of Hutson Street and Marine Parade, Belize City, Belize, Axiory is officially a financial subject of the country, being monitored and regulated by the Belizean International Financial Services Commission (IFSC). This ensures that when you choose this broker’s services, you’re not being scammed.

Is Axiory legit with its regulatory claims?

The best way to find out whether a broker is legit or it may be trying to scam you. And it all depends on how trustworthy a license is.

When checking out Axiory’s website, we found out that the broker has a financial license from the Belizean International Financial Services Commission (IFSC). With the license number 000122/15, this regulatory material ensures that Axiory remains as faithful and honest towards you as it can get.

Can Axiory be trusted?

Additionally, our Axiory review also revealed that the broker is also a member of the Financial Commission, which combines a bunch of international brokers with one unitary objective: to provide the safest trading products and services to the traders. And judging from all of the available fund security measures available at Axiory, you can be sure that both the IFSC and the Financial Commission are doing their job perfectly well.

Axiory’s fund security measures

The IFSC regulation and the membership in the Financial Commission obligate Axiory to protect its clients’ funds with complex security measures. Besides, based on the fact that so many features are fine-tuned down to the most intricate details, it’s not difficult to deduce that even without regulatory obligations, Axiory would still offer these measures.

There are three main fund security features found during our Axiory Forex broker review:

  • Negative balance protection – It protects your account from going below zero during margin trading and forcing you to pay up for the inflicted losses.
  • Account segregation – It stores your funds to the bank accounts, completely separate from the broker’s money reserves. This way, your funds are safe from misuse from the broker’s part.
  • Fund compensation – It guarantees that should the company go bankrupt or any other financial hardship hinder its ability to pay you back, there’s always going to be a compensation fund not to leave you behind.

Axiory’s bonus promotions

One popular method Forex brokers use to attract new customers is to offer a bunch of different bonuses and tournaments with real money prizes. But while it’s not illegal in most of the places, bonuses are still not the most fundamental trading features to base your decisions.

With Axiory, you’re not forced to ponder, is Axiory legit or not, simply because there are no bonus offerings to throw you off. While some would think this is a disadvantageous condition, we’re convinced that by staying away from superficial offerings, Axiory dedicates all of its efforts to further enhance its trading terms and conditions. And it’s nothing but an advantage for this broker.

Account types you can get with Axiory

As you read through various terms and conditions featured at Axiory, you’re likely going to be interested in creating a live account with this broker. And depending on how diverse the account selection is, you can get a pretty good idea of how accessible the broker’s platform is for all sorts of different traders.

With Axiory, you can definitely tell that it cares about its clients’ specific needs, simply because it offers three different account types: Nano, Standard, and Max. Here are the specifications of these accounts that take our Axiory opinion to the new heights:

Nano Account:

  • Deposit Requirement: 100 USD
  • Leverage: 1:400
  • Minimum EUR/USD Spread: 0.2 pips
  • Commission: 6 USD/lot
  • Available Instruments: Forex, CFD indices, Energies, Metals
  • Trading Software: MetaTrader 4, cTrader
  • Maximum Simultaneous Positions: Unlimited
  • Maximum Order Size: 1,000 lots

Standard Account:

  • Deposit Requirement: 100 USD
  • Leverage: 1:400
  • Minimum EUR/USD Spread: 1.2 pips
  • Commission: N/A
  • Available Instruments: Forex, CFD indices, Energies, Metals
  • Trading Software: MetaTrader 4, cTrader
  • Maximum Simultaneous Positions: Unlimited
  • Maximum Order Size: 1,000 lots

Max Account:

  • Deposit Requirement: 100 USD
  • Leverage: 1:777
  • Minimum EUR/USD Spread: 1.8 pips
  • Commission: N/A
  • Available Instruments: Forex, CFD indices, Energies, Metals
  • Trading Software: MetaTrader 4, cTrader
  • Maximum Simultaneous Positions: Unlimited
  • Maximum Order Size: 1,000 lots

Islamic Account

Now, besides offering you three different live account packages, Axiory is also focused on one additional type of clients: Muslims. As you may know, Islam prohibits all kinds of interest charged for products or services, be it credits, trades, or whatnot. For Forex traders, that would mean that they theoretically can’t engage in overnight trades as they’d be charged with swaps – interest rate differences between currencies.

But during our review of Axiory Forex broker,  we came across one additional account type: the Islamic account. It can be created for all three types of live accounts, therefore, it mimics almost all of their features. And when it comes to overnight swaps, the Islamic account completely eliminates them, allowing you to do overnight trading without going against your faith.

Demo Account

A demo account is also one of the main account offerings at Axiory. It also mimics all of the terms and conditions of the above-mentioned live accounts, as well as live market conditions. And by offering a virtual 10,000 USD trading account, Axiory allows you to trade just about any asset it offers and hone your skills in the market, as well as test out new trading strategies.

Which trading software can you get at Axiory?

Now, can Axiory be trusted with its ultra-fast execution speeds and lucrative trading terms and conditions? One of the ways to find that out, other than looking at its license, is to see which trading platforms it offers you and check how convenient it is to actually use them in real-life trading.

Axiory broker review

And as always, Axiory doesn’t fail to deliver a top-notch trading experience. During the overview of its website, we found two of the most widely-used trading platforms: MetaTrader 4 and cTrader. And these are some of their features:

MetaTrader 4:

  • Financial Instruments: Forex, CFD indices, Energies, Metals
  • Technical Indicators: 50+
  • Execution Type: Market
  • Auto Trading: Y
  • Copy Trading: N
  • Downloadable: Y
  • WebTrader: Y
  • Mobile Trader: Y

cTrader:

  • Financial Instruments: Forex, CFD indices, Energies, Metals
  • Technical Indicators: 60+
  • Execution Type: Market
  • Auto Trading: Y
  • Copy Trading: Y
  • Downloadable: Y
  • WebTrader: Y
  • Mobile Trader: Y

MetaTrader 4

If we were to name only one platform that made a huge impact on the Forex market, that would be the MetaTrader 4. And in our Axiory broker review, we found that MT4 is one of the primary trading platforms you can get with this broker, which is a definitive advantage.

Some of the main benefits of Axiory’s MT4 are ultra-fast market executions with live prices, 99.99% orders successfully executed, more than 50 technical indicators, and the ability to download thousands more from the online MQL4 community. In short, you can never go wrong by choosing MetaTrader 4 as your main platform.

cTrader

Besides MT4, Axiory also offers another quite popular trading platform, cTrader. It has been on the market for almost a decade now, and in that time, it has come to put up quite a competition against MetaTrader.

One of the main advantages of cTrader over MetaTrader 4 is its ability to feature much more financial symbols; there’s virtually no cap on how many instruments you can incorporate in cTrader. But there’s more: during our Axiory Forex broker review, we found that its cTrader platform is filled with over 60 technical indicators, cBots – automated trading scripts, a copy trading feature, and many more.

Therefore, just like its MetaTrader competitor, cTrader is also a viable option for trading currencies, indices, energies, and metals with Axiory.

Axiory’s mobile trading platform

In addition to all that, Axiory also allows you to trade on the go with its iOS and Android trading platforms. These are stock MetaTrader 4 and cTrader apps available in the App Store and Play Store, which you can download and customize based on Axiory’s offerings.

How to register at Axiory?

As noted earlier, there are three live accounts you can get with Axiory, as well as an Islamic account and a demo account. And in order to get either of these accounts, you need to go through a very regular registration process. And as our Axiory review shows, this process is both very quick and very easy.

Available countries

But before we go to the exact steps you have to take to register at Axiory, first, let’s talk about which nationalities are accepted by the broker and who cannot yet use its products and services.

As we have found out, Axiory covers a large number of countries around the globe. Basically, it is available on all continents, which is a huge advantage for the broker; it means that Axiory’s platform is right at your fingertips.

But even with that, there are some countries that have restrictions on Axiory’s trading services, including Albania, Iceland, and Pakistan. Plus, the following countries are currently unsupported by the broker, namely:

  • The United States
  • Canada
  • EU countries
  • The Islamic Republic of Iran
  • Indonesia
  • North Korea
  • Belize

So, if these countries aren’t supported, is Axiory legit then? In order to understand why this fact doesn’t really say anything about the broker’s credibility, you need to understand that some of these countries, e.g. the US, have very strict trading restrictions that the absolute majority of brokers cannot meet, while other countries completely ban trading, like North Korea. Therefore, it’s not really the issue of Axiory’s credibility that it doesn’t cover the above-mentioned countries.

The registration process

Axiory Forex broker review

Now that you know whether you can trade with Axiory or not, let’s get back to the registration process and see what you need to create a live account on the platform. As noted earlier, Axiory features a very quick and simple registration process that you can get through without any difficulty.

So, here are the exact registration process found during our Axiory Forex broker review:

  • Completing the application form with basic personal details (full name, date of birth, citizenship)
  • Uploading the identification and residence documents
  • Receiving log-in details on the mail
  • Depositing money on your account
  • Beginning your trading endeavors

By completing these steps, you’ll be able to start trading Forex, indices, energies, and metals with Axiory’s trading offerings.

But there’s one more question remaining: Which documents do you need to upload for verification? As Axiory further elaborates, you need two types of documents: one that verifies your identity and one that verifies your residence address.

For the ID verification, you can upload your national ID, Passport, or a driver’s license. And for the residence verification, you can upload either of the following documentations:

  • Utility bill receipt
  • Telephone charge receipt
  • Commercial bank or credit card company bills
  • Residence permit

These documents are necessary for the Know-Your-Customer procedure that allows the broker to find out your motivations before letting you trade on its platform. And that further enforces our Axiory opinion that this is a credible Forex broker.

What is Axiory’s execution policy?

Equally important for your effectiveness and profitability in the trading market is the execution policy of your broker.  On the one hand, you can choose a broker that features ultra-fast execution speeds and a bunch of order types to risk-proof your orders, yet on the other hand, there are brokers that take ages to complete your orders and their platforms come with very few order types, sometimes even none at all.

With Axiory, though, the first case is true. The broker features a very competitive market execution policy. What this means is that the moment you send an order to the broker, it will take as little time as possible to execute it at the live market prices. Therefore, there’s no slippage between the price you chose and the price you actually get.

Additionally, our review of Axiory Forex broker also shows that the broker doesn’t engage in requotes – an unfaithful practice of brokers trading against their clients, i.e. betting against their losses for more profits. This further improves Axiory’s prestige in our eyes.

And on top of all that, Axiory allows you to place just about any order type that you can think of, be it stop or limit orders. For instance, if you set a stop-loss limit to a certain price point, the trade will remain open as long as the price doesn’t go below the specified point. But if it does, the program will automatically close the position to save you from too high a loss.

How can you deposit and withdraw funds at Axiory?

Yet another important aspect that determines the convenience of a certain broker is its deposit and withdrawal methods. If a broker has a sophisticated payment platform with low commission levels and secure transactions, your funds will be secure while going back and forth on your accounts. But if that’s not the case, you’ll have a hard time making your way in this industry.

As our team found out during our Axiory broker review, you can be sure that you’re getting a very sophisticated payment platform. These include both traditional payment methods like credit cards and wire transfer, as well as various e-wallets.

The minimum deposit you’re required to make is 100 USD, which is a very decent entry threshold fora Forex trading platform. It ensures that not just about anyone can start trading and be subject to ensuing losses and only those that are more or less serious about it are allowed.

Axiory opinion

As for the payment methods themselves, we found the following deposit and withdrawal platforms:

  • International wire transfer – Base currencies: USD, EUR; 3-10 business days; no deposit commissions | 200 USD minimum withdrawal; 3-10 business days; payment for international remittances.
  • Credit/Debit card (Visa, JCB) – Base currencies: USD, EUR; immediate transactions; no deposit commissions | 200 USD minimum withdrawal; 3-10 business days; no withdrawal commissions.
  • BitPay – Base currencies: USD, EUR; 15 minutes after confirmation; possible fees from the provider | 200 USD minimum withdrawal; 1-5 business days; fees might be charged.
  • Sticpay – Base currencies: USD, EUR; immediate transactions; possible fees from the provider | 200 USD minimum withdrawal; immediate transactions; no withdrawal fees.
  • Neteller – Base currencies: USD, EUR; immediate transactions; possible fees from the provider | 200 USD minimum withdrawal; immediate transactions; fees might be charged.
  • Skrill – Base currencies: USD, EUR; immediate transactions; possible fees from the provider | 200 USD minimum withdrawal; immediate transactions; fees might be charged.
  • VLoad – Base currencies: USD, EUR; immediate transactions; possible fees from the provider | 200 USD minimum withdrawal; immediate transactions; no withdrawal fees.

And should you ask, “is Axiory legit?” we can only say that it’s one of the most legit and trustworthy Forex brokers you can find in the trading market right now. Want further convincing? Well, Axiory allows you to make immediate/very quick transactions with little to no commission rates.

Axiory’s educational panel

One of the main requirements financial regulators have for Forex brokers is that they should provide them with a bunch of different educational materials. It’s because the Forex and other markets are so risky and people should have as much information about it as possible.

And as a regulated broker, Axiory boasts quite an impressive educational section. It is filled with a number of sophisticated educational materials, including articles, lectures, and whatnot.

Axiory’s Trading Academy

One of the main educational panels at Axiory is its online Trading Academy. This is the section that contains dozens of educational articles about Forex, stocks, and commodities trading, their basic underlying principles, and even more detailed insights.

As our Axiory review shows, the Academy currently includes the following topics:

  • Basics
  • Trading Terms
  • Platforms
  • Trading Psychology
  • Economic Indicators

Online lectures

Online lectures at Axiory are delivered by Forex analysts. These include not only educational panels about how the trading markets work but also the analyses of current economic and financial developments. With these lectures, you can get deeper insights into how various occurrences in the market can affect your trading effectiveness, which helps you make a more informed decision.

Research tools and materials

Besides education, it’s also in the Forex broker’s interests to provide its clients with complex research tools and materials, so that they generate more profits and the broker gets more commissions.

With Axiory, you can rest assured that you’re getting a comprehensive set of research tools. These include not only technical and economic indicators, but also the economic calendar, various calculators, an autochartist tool, and more.

Technical indicators

While conducting the review of Axiory Forex broker, we found out that the broker features at least 60 different technical indicators. Additionally, you can also download the new indicators from the internet, which is an extra advantage for the broker, as well as its clients.

With a bunch of technical indicators, be it moving averages, oscillators, or volatility channels, you can analyze past price movements and predict the future ones at a certain accuracy. That’s why you need to treat these tools as your friends, who are ready to assist you at any time.

Calculators

Besides technical indicators, you can also get a number of different financial calculators on Axiory’s website. These calculators allow you to turn trade-related terms into real-life numbers. And which terms can you calculate? Axiory features margins, currencies, swaps, and profit calculators on its website.

Autochartist

As we have found during our Axiory broker review, there’s also an autochartist tool that automatically analyzes price movements and outputs various signals to get you on board of the market in time.

Review of Axiory Forex broker

Customer Support

Being able to communicate with your broker on various communication channels is yet another advantage that your broker should offer you. These channels should include email support, phone call, and live chat – the most basic platforms for customer support.

By choosing Axiory, you’re getting all of these communication methods:

  • Email: support@axiory.com
  • Phone call: +442031502506 (UK)
  • Live chat available on the website
  • Headquarters: No.1 Corner of Hutson Street and Marine Parade Belize City, Belize

If you want more personal and in-depth responses from the support department, you should go for email support. For faster responses, phone calls and live chat are more viable options. But either way, Axiory will always respond to you with in-depth answers.

Additionally, our Axiory opinion is further boosted by the fact that the website is available in 6 different languages, including:

  • English
  • Arabic
  • Japanese
  • Portuguese
  • Russian
  • Spanish

Our final Axiory rating

By getting through all of the major and minor trading terms and conditions at Axiory, we have provided you with our in-depth review will all of our findings detailed in it.

As we have found out, Axiory is a Belizean Forex trading brokerage that has a license from the country’s International Financial Services Commission (IFSC). And together with the Financial Commission, the IFSC ensures that Axiory provides you with the safest and most lucrative terms and conditions for your trading endeavors.

As a Forex trading broker, Axiory offers more than 60 different currency pairs, yet it also goes further by featuring CFD indices, energies, and metals on its platform. The features and requirements for these instruments are also very beneficial, with lower spreads and higher leverage ratios, as well as lightning-fast execution speeds.

So, can Axiory be trusted? Should you trade with this broker? Everything we’ve discovered during our review says that you can count on it to have the best possible experience in the trading market.

Axiory Review - Trade Currencies with 1:777 Leverage
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