Axiory Review 2023: Uncover the Ultimate Forex & CFD Broker Pros & Cons

In the world of forex and CFD trading, Axiory stands as a prominent international brokerage firm, renowned for its excellence in service. Whether you're a seasoned trader or just venturing into the financial markets, this comprehensive Axiory review will provide insights into their account types, minimum deposit requirements, bonus offerings, and essential contact information. If you're contemplating opening an Axiory account, this review will help you make an informed decision.

Axiory Company Background

Established in 2011 and officially operating since 2012, Axiory Global Ltd is headquartered in Belize. The company's reach extends to diverse regions worldwide, including the UK, Dubai, and Singapore, making it a truly global entity. Axiory operates under the regulatory framework of the International Financial Services Commission (IFSC) in Belize, ensuring transparency and security for its clients.

Axiory Trading Platforms

Axiory provides access to two powerful trading platforms:

MetaTrader (MT4 and MT5)

The MetaTrader series, comprising MT4 and MT5, are renowned for their user-friendly interfaces and host a range of intuitive features, including:

• Over 50 customizable indicators and tools such as moving averages and RSI.
• Four execution modes and three pending order types.
• Real-time financial news and economic calendar.
• Expert Advisors (EAs) and Market Watch.
• Access to historical data.

Axiory offers the convenience of downloading the MT4 and MT5 platforms on both Windows and Mac PCs. Additionally, a web-based version of MetaTrader is available, ensuring you can trade seamlessly without the need for software downloads.

cTrader

For traders seeking a modern and user-friendly platform, cTrader is an excellent choice. It boasts numerous features, including:

• A contemporary and intuitive interface.
• Timeframe and symbol favorites.
• Exceptional execution capabilities.
• cTrader Automate.API for algorithmic trading.
• A selection of over 60 native indicators.

Similar to the MetaTrader platforms, cTrader can be downloaded on Windows and Mac devices, and a web browser version is also available for those who prefer trading on the go.

CopyTrade

In 2021, Axiory introduced a social trading platform that revolutionized the industry. This mobile application allows Max account holders to replicate the trades of Master Traders. You can assess the track records of Master Traders, making it easier to align with your investment objectives and risk tolerance. Notably, you retain control over crucial order parameters, including order size, value, stops, and losses. This feature caters to both beginners looking to learn from experienced traders and Master Traders seeking additional revenue streams. The application is readily available for download in your respective app store.

Diverse Market Offerings

Axiory provides access to a broad range of markets, including but not limited to:

• Forex: Trade over 60 currency pairs.
• Stocks & ETFs: Engage with 100+ stocks of major EU and global companies, including Tesla and Google.
• CFD Indices: Trade 10 major stock indices, including the FTSE and Nikkei.
• CFD Precious Metals: Invest in gold, silver, platinum, and palladium.
• CFD Energies: Trade crude oil and natural gas.
• Exchange Stocks & Exchange ETFs.

Spreads & Fees

Axiory offers competitive floating forex spreads. The Nano account, in particular, boasts impressively low spreads, starting at 0.2 pips for EUR/USD, 0.7 pips for EUR/GBP, and 0.5 pips for GBP/USD. Other accounts offer slightly higher spreads, such as the Standard account, with an average spread of 1.2 pips for the EUR/USD pair. When it comes to major CFD indices, the Nano account maintains an average spread of approximately 1.2 points for the FTSE 100 and can go as low as 0.7 for the S&P 500. Gold and silver spreads are approximately 0.1 and 0.011, respectively, and for crude oil, spreads are around 0.05.

Axiory implements a $6 commission per lot with the Nano account, alongside dividend payments on long or short positions held on indices and swap fees for positions held overnight.

Leverage Options

Axiory offers varying leverage options, ranging from 1:1 up to an impressive 1:777 with the MAX account. The Nano and Standard accounts allow leverage up to 1:400. To help you determine your leverage effectively, Axiory provides an easy-to-use margin calculator on their website.

Mobile Accessibility

With Axiory, traders can access the markets on the go, as both MetaTrader 4 and cTrader are available as mobile apps. Whether you use iOS or Android devices, you can manage your accounts and trade anytime and anywhere. Simply visit the iPhone/iPad app store or Android Play Store to download the app.

Payment Methods

Axiory offers multiple deposit methods, from credit cards to bitcoin wallets, available in both USD and EUR. Deposits over $200 are free of charge, while deposits less than $200 incur a $15 fee. Available deposit methods include international wire transfers, credit and debit cards, Neteller, Sticpay, VLoad, and Skrill. For withdrawals, Axiory maintains a 24-hour processing policy, with varying fees for different options. Options include international wire transfer, credit and debit cards, Neteller, Skrill, Sticpay, and VLoad.

Axiory Demo Account

For those who wish to practice their trading strategies, Axiory provides a competitive demo account. This account mirrors live trading conditions and is available on both the MT4 and cTrader platforms. Noteworthy features of the demo account include flexible leverage options, a choice of EUR or USD as the base currency, the ability to maintain multiple demo accounts, access to customer support, and the use of essential tools, EAs, and indicators.

Bonuses & Promotions

Axiory offers a range of promotions and financial incentives. New clients can benefit from a $25 no deposit bonus, which can be claimed simply by opening an account and verifying identification.

Licensing & Regulation

Axiory Global Limited operates under the regulatory authority of the International Financial Services Commission (IFSC) of Belize. The broker maintains transparency by publishing monthly statistics and undergoing annual audits. To ensure the safety of client funds,

Axiory segregates them into a separate account, with compensatory funds managed by a third-party auditing firm in the unlikely event of bankruptcy. Axiory also provides negative balance protection, with a margin call set at 50% and a stop-out at 20%. However, it's essential to note that Axiory is unavailable in several jurisdictions, including Indonesia and some other Asian countries.

Additional Features

Axiory stands out with a variety of additional resources to support traders, both novice and experienced. These include:

• Axiory Intelligence news platform.
• Axiory Trading Academy.
• Axiory Strike Indicator.
• Copy trading platform.
• MyAxiory client zone.
• Economic calendar.
• Margin calculator.
• Live webinars.
• Autochartist.

Account Types

Axiory offers five distinct account types: Nano, Standard, Tera, Alpha, and MAX, each compatible with MT4, MT5, and cTrader. Regardless of your choice, the minimum deposit requirement is a mere $10, and the minimum lot size is 0.01. These accounts feature unlimited orders, hedging, and the option for Islamic swap-free trading conditions. While spreads, leverage, and commissions vary between accounts, the Nano account offers the lowest spreads starting at 0.2 pips, while the MAX account provides the highest leverage of 1:777. Commissions are charged at $6 per lot for the Nano account, with no commissions for Standard or MAX accounts.

Trading Hours

For forex trading, Axiory offers extended trading hours from Monday to Thursday, spanning 00:04 to 23:59 GST, and on Fridays from 00:04 to 23:58 GST. CFD indices' trading hours vary depending on the specific index and can be reviewed on the Markets page of Axiory's website. As for crude oil, natural gas, and electricity, trading is available from Monday to Friday, from 01:00 to 24:00 GST. Brent oil trading hours range from 01:00 to 24:00 GST on Mondays and from 03:00 to 24:00 GST from Tuesday to Friday. Precious metals have trading hours from 01:00 to 24:00 GST throughout the workweek.

Customer Support

Axiory provides multiple channels for customer support, ensuring that your questions and concerns are promptly addressed. You can reach out through email, online request forms, telephone, or the convenient online chat available on their website. Additionally, you can stay updated with Axiory by following them on social media platforms like Facebook, LinkedIn, and Twitter.

Trader Safety

Security is a top priority for Axiory. Both the MetaTrader and cTrader platforms employ industry-standard Secure Sockets Layer (SSL) encryption to safeguard your data. During customer registration, Axiory utilizes the Jumio verification process, requesting ID and proof of address documents from all new clients.

Pros and Cons

Pros:

• Tight spreads starting from 0.2 pips.
• Free and unlimited demo account with no expiration.
• Access to MetaTrader 4, MetaTrader 5, and cTrader.
• Direct stock trading and CFDs.
• High leverage options, up to 1:777.
• Beginner-friendly social trading platform.
• Award-winning broker with a strong track record.
• Swift account setup, with trading starting in less than 10 minutes.

Cons:

• Limited instrument variety compared to some other brokers.
• Restricted availability in certain jurisdictions due to regulatory constraints.

In summary, Axiory presents a compelling choice for traders of all levels. Their robust platforms, competitive spreads, and diverse account offerings make them a standout brokerage in the industry. The availability of innovative features like CopyTrade and a broad range of payment methods further enhance the trader's experience.

Axiory Broker Details

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