Axiory Broker Review
IFSC Belize license
60+ currency pairs
Refer a Friend scheme
Our Axiory review takes you through all the important details you need to know before signing up with this broker. Founded in 2012, Axiory offers you access to over 60 currency pairs and CFDs on energies, precious metals, and indices. Low commissions and tight spreads help the broker appeal to traders of all skill levels, as do the wide range of research and educational tools.
With a license from the International Financial Services Commission (IFSC) in Belize, Axiory accepts clients from around the world. Read on to learn more about the broker’s safety features and trading conditions.
Get to know Axiory
Axiory boasts over 5 years of experience in the industry and several awards. In 2020, the broker’s CEO, Roberto d’Ambrosio claimed the title of ‘Best CEO in the Forex (FX) Brokerage Industry’ at the Business Worldwide CEO Awards. In the same year, Global Brands Magazine also voted Axiory ‘Best Customer-Centric Forex Brand in Dubai’, and the broker picked up two awards at the International Investor Awards too. Here, Axiory gained the ‘Excellence in Customer Service’ and ‘Most Transparent Broker in 2020’ accolades.
Although Axiory is a brand with a global presence, the broker does not offer services to clients in the United States, Canada, the EU, Indonesia, Belize, North Korea, or the Islamic Republic of Iran.
Trade safely with regulation from IFSC
Under regulation from the IFSC (International Financial Services Commission) of Belize, Axiory must operate responsibly and securely. The regulator requires Axiory to store all client funds in segregated accounts.
Axiory also holds a Category A membership with the Financial Commission. The Financial Commission is an independent dispute resolution company. Under their membership, Axiory is part of a compensation fund. This means that, in the unlikely event of insolvency, you can claim up to $20,000 in compensation.
Our Axiory reviewers are also pleased to report that the broker offers negative balance protection on all accounts. Overall, it’s clear that transparency and safety are Axiory’s top values.
Choose from 3 main account types
Axiory allows you to choose from three main account types, depending on your budget. You can open all account types with either USD or EUR as the base currency, and they offer:
- Access to the broker’s full range of trading instruments
- Two trading platforms (MT4 and cTrader)
- Unlimited open and pending orders
- Hedging opportunities
- The ability to convert to an Islamic swap-free account
To make choosing the right account for you easier, our Axiory reviewers have summarized the main differences between accounts too.
- Nano accounts have average EURUSD spreads of 0.2 pips, maximum leverage of 1:400, a minimum deposit of $100, and commission fees of $6 per lot traded.
- Standard accounts have average EURUSD spreads of 1.2 pips, maximum leverage of 1:400, a minimum deposit of $100, and no commission fees.
- Max accounts have average EURUSD spreads of 1.8 pips, maximum leverage of 1:777, a minimum deposit of $50, and no commissions.
Besides the main account types, you can also open a Light Live account. This account only requires a personal ID and no address verification, making it perfect for those who want to trade immediately. You should note, however, that you can only trade up to $1,000 with this account, and you can only deposit with a credit card.
If you prefer to practice trading before making a deposit, you’ll be glad to discover that Axiory offers a demo account with $10,000 of virtual funds. You can open as many demo accounts as you wish and use them for as long as you desire too. This is a great way to test multiple trading strategies at once – an advantage you rarely find at other forex brokers.
Pros and cons
- Compensation fund membership
- Minimum deposit of $50
- Spreads from 0.2 pips
- Extensive trading tools
- Unlimited demo accounts
- Not available in some countries, including the US
Boost your trading account on your birthday
To avoid gimmicks, this online broker rarely offers bonuses. Instead, our review team found Axiory focuses on offering high-quality services and competitive pricing to all clients. The only exception is the birthday bonus, which is a $50 gift voucher for your trading account.
To claim your birthday bonus, you must send a request to your personal account manager within 30 days of receiving it via email. To ensure this is a real present for you, the bonus does not have any minimum deposit or trading requirements.
Competitive trading costs on all instruments
When you review Axiory’s trading fees, you’ll find the pricing structure transparent and fair. Spreads are variable and only Nano accounts carry commissions. To gain some insight into what spreads to expect, consider the following averages:
- AUDJPY: 0.4 for Nano, 1.7 for Standard, 2.5 for Max
- EURUSD: 0.1 for Nano, 1.1 for Standard, 1.8 for Max
- DAX: 1.3 for Nano, 1.4 for Standard, 3.1 for Max
- BRENT: 0.5 for Nano, 0.5 for Standard, 0.6 for Max
- XAUUSD: 0.8 for Nano, 2.8 for Standard, 3.5 for Max
Axiory also outlines all financing and overnight rates on their product pages. At the time of writing this broker review, EURUSD swaps were 0.05 for short positions and -4.59 for long.
In terms of non-trading fees, Axiory does not charge for deposits or withdrawals. Your payment processor may add extra fees, however, and our review of Axiory also reveals there is a fee of $10 for withdrawals less than $200.
Deposit with localized payment methods
You can deposit at Axiory via a variety of methods including credit and debit cards, wire transfers, and e-wallets such as Sticpay, Neteller, Skrill and VLoad. You can also take advantage of localized methods, which allow for faster transactions and zero fees.
If you prefer, you can fund your account using BitPay. With this method, you can choose from eight cryptocurrencies and your funds will be available in your account within 15 minutes. Withdrawals with BitPay are also quick, taking between one and five business days.
Benefit from industry-leading trading platforms
To create an accurate review of Axiory, we tested both of the broker’s trading platforms, MetaTrader 4 and cTrader.
MetaTrader 4 is the most popular trading platform in the world. It boasts over 50 built-in indicators, fast execution speeds, and various charting tools. You can also boost your trading powers by using expert advisors and custom indicators. cTrader is another common trading platform which comes complete with 60 indicators, automatic trading capabilities, and an easy-to-use interface.
Both trading platforms are available for Windows, Mac, iOS and Android. As they are quite similar, our reviewers recommend choosing the platform you feel most comfortable with.
Our broker review team also encourages you to take advantage of Autochartist when trading with Axiory. Autochartist is a third-party plug-in, compatible with both of the broker’s trading platforms. It offers you a range of professional research tools, such as six Fibonacci pattern types, volatility analysis, quality indicators, and key levels.
Mobile compatibility to trade on the go
Axiory is a mobile-friendly broker. Besides offering two trading platforms with iOS and Android apps, our reviewers also found they could access the MyAxiory Client Zone when on the go. From here, you can fund your account, manage your trades, make withdrawals and contact customer service.
Education and training focused on beginners
Axiory offers extensive educational materials, including trading guides and market news.
If you’re a beginner trader, we urge you to review Axiory’s Trading Academy. Full of easy-to-understand yet detailed articles, it’s the perfect tool to get you off to a flying start. Academy categories include Basics, Trading Tools, Platforms, Strategies, Automated Trading, Technical Indicators, Economic Indicators, Trading Terms, Trading Psychology, Live Trading, and Risk Management.
If you’re a more experienced trader, we’re sure you’ll appreciate the broker’s market news and technical analysis articles. Updated daily, these resources give you great trading tips and extra insight.
Customer support via convenient methods
If you run into a problem at Axiory, you can contact customer support via email, form, phone or live chat. The broker offers localized phone numbers for clients in Chile, Cyprus, Singapore, the United Arab Emirates, the United Kingdom, and Belize.
Whilst replies are often prompt and helpful, you cannot contact customer support 24/5, or 24/7. This is disappointing to our reviewers, as it may mean you’re stuck without help at crucial times.
Our verdict – Should you trade with Axiory?
Our review of Axiory confirms that this is a reputable broker with strong safety measures. Account fees and conditions are also fair, and the trading platforms offered are some of the best in the industry.
To stand out from the crowd, Axiory also provides you with an extensive range of research and analytical tools. This makes the broker suitable for all skill levels, as there are plenty of opportunities to take your trading to the next level.
To conclude, our reviewers happily recommend Axiory. Whether you want a demo account, an affordable live account, or a premium account with tight spreads, this broker has something for you.
Frequently Asked Questions (FAQs)
Is Axiory a regulated broker?
Yes, our review of Axiory confirms this broker boasts regulation from the International Financial Services Commission (IFSC) in Belize. Axiory is also a member of the Financial Commission, which imposes strict guidelines and safety requirements. Overall, these regulations ensure the broker operates responsibly and transparently at all times.
What account types does Axiory offer?
Axiory offers three main account types, Nano, Standard, and Max. Each gives you access to the broker’s full range of instruments, trading platforms, and research tools. Besides the main retail accounts, you can also request Islamic accounts, demo accounts, and Light Live accounts. The latter is a unique product that allows you trade in seconds as it requires no verification.
Does Axiory offer a bonus?
Yes, Axiory offers all clients an annual birthday bonus of $50. You can claim this by contacting your personal account. Whilst the bonus does not have depositing restrictions, you must use it for trading and cannot withdraw it immediately.
What is Axiory’s minimum deposit?
The minimum deposit at Axiory is just $50 for Max accounts, or $100 for Nano or Standard accounts. Spreads are reasonable on all accounts too, making this broker perfect for traders of all budgets. If you prefer to deposit after practicing trading, Axiory demo accounts are completely free.
Is Axiory secure?
Yes, Axiory uses a variety of safety features to protect your funds at all times. This includes keeping them in segregated accounts, offering negative balance protection, and being a member of an investor compensation fund. You’re also protected by SSL encryption and secure payment methods.