Over the past few decades, Forex trading has become one of the most successful markets around the world. Many brokers started offering their services with the help of the internet, but with it, many problems also came. One of the biggest problems that the field has is the scam companies, that are trying to lie to people and get their money illegally. In this review, we are going to talk about one of the safest and well-developed FX brokers which is very reputable in the world of Forex, Axiory.
Axiory is a No Dealing Desk (NDD) Forex broker, which was established in 2012. The broker offers several trading instruments, with the help of trading platforms like MetaTrader 4 and cTrader. The company aims to offer transparent services to its clients and works very hard to ensure that its services are well-developed and useful for traders around the world.
Although the headquarters of the broker is located in Belize, Axiory has managed to gain global exposure and runs offices in many places around the world, including Dubai. This gives Axiory the ability to offer services to the countries of EEA and the Middle East and has access to a huge part of the population around the world.
By many, Axiory is regarded to be an industry leader and not for the wrong reason. In this review of Axiory FX broker, we are going to talk about every part of the broker which might be important for traders. The broker is regulated and licensed by IFSC in Belize, and is available in many jurisdictions.
Axiory FX broker – a quick overview
As we have already said, Axiory was established in Belize 8 years ago, in 2012. Because if it, this broker owns a license from the regulatory agency of Belize, International Financial Services Commission. According to the team behind the broker, they have decided to establish Axiory to offer investors transparency and technology that they deserve. The company is working very hard to make sure that they can keep their users safe, while also celebrating its employees, which is a very important thing to do.
The registration process on the broker is very simple and takes very little time. While working on this review of Axiory, we found out that the broker tries to meet the needs of the traders, because of which, it is very actively working on advancements and the team is constantly trying to come up with new ideas to create space that can be enjoyed by everyone on the market.
The company functions under the name Axiory Global Ltd. the license number of the company at IFSC is 60/255/TS/13. One of the biggest advantages of Axiory is probably the team behind the company, which is composed of people with a lot of experience and a friendly attitude towards the clients.
How Axiory keeps its clients safe?
Recently, it has become a little hard to tell who to trust and who to avoid. The thing that can help you out the most is the regulations. Some people say that regulations are not important at all, and all they do is that they get in a way of the future development of the field, but they are very wrong.
In the world of Forex, one of the most important things is the regulations. They are a way for you to tell whether the broker is safe or not. In the case of Axiory, as we have already said, Belize’s IFSC takes care of the safety of the broker’s clients. IFSC is one of the most popular regulatory agencies around the world. This Axiory Forex broker review shows that more and more brokers are setting up their businesses in Belize for several reasons. In most cases, brokers decide to set up their business here because of the tax benefits that are available in Belize and a very simple process of registration, especially compared to other jurisdictions.
The International Financial Services Commission is responsible to oversee all of the companies on the market, including Forex. There are many well-known and top-tier Forex brokers that are authorized by this regulatory body, which makes it somewhat reputable on the market. IFSC aims to protect and promote the status of Belize, regulate the agreements of international financial services. IFSC also issues licenses for market participants and makes sure that they are doing their job with honesty. The only thing that might be negative about this regulatory agency is that it is not as strict as other regulations, especially those in the USA and Europe.
What are the requirements of IFSC?
To ensure the maximum safety of the traders, IFSC requires brokers to possess unimpaired capital. Over the years, this requirement has changed significantly. First, it was at least $100,000, but the agency has increased the capital to at least $500,000. We focused on these requirements while reviewing Axiory a lot because it is very important to know what exactly IFSC is doing to keep traders safe.
To ensure that the funds of the clients remain safe, the agency requires brokers to keep the money of their investors on segregated accounts. With this, even if something goes wrong and the broker goes bankrupt, investors will still have access to their funds. IFSC also requires the brokers to prepare statements every month, including details on unimpaired capital, the number of trades, etc.
Also, brokers also have to have a customer complaints procedure to make sure that everything is resolved on time. The regulatory agency has said that they are working on new guidelines that could potentially make trading even safer than it is today.
Other guidelines followed by Axiory
While working on the Axiory FX broker review, we made sure to check out every single guideline that the broker follows. In the end, we found that there are several principles that the Axiory has adopted over the last few years. The broker follows a very strict customer verification process and works very hard to comply with the Anti-Money Laundering policies, besides, the broker makes sure that every single investor is identified using Know Your Customer procedures, otherwise known as KYC.
Axiory is also a member of the Financial Commission, known as FC. This company works with brokers and traders to make sure that there are no disputes left unresolved. With the help of FC, clients who are eligible for compensations can get as much as $20,000 by FC.
Why are regulations important?
Because Axiory follows this regulatory framework, it helps traders to feel a lot safer. Regulations are something that helps the market be safe for everyone involved, not only traders but the brokers as well. All of the guidelines that IFSC has help traders that use Axiory to enjoy transparent, secure, and safe trading. While reviewing the Axiory FX broker, we found that because of the regulations that the broker has, it is a lot safer to trade with Axiory.
Traders should keep in mind that the services of Axiory are not available in the United States because of the local regulatory framework in the country. The USA requires Forex brokers to be authorized by local regulatory agencies, other companies are not able to offer their services to the citizens of the country.
Axiory offers several trading instruments to prospective clients
Trading instruments are one of the most important parts of Forex trading. Instruments are the things that investors use for trading, they can be anything from currency pairs to stocks, to metals, etc. Although Axiory mostly focuses on currency pairs, there also are several other instruments available on the platform. Below, we will discuss everything that the broker offers one-by-one. You can trade several instruments at Axiory, including:
Forex trading at Axiory
When it comes to trading Forex with Axiory, the broker offers more than 60 currency pairs to its investors. The market is open for 24 hours a day, 5 days a week. Also, traders can have access to trading tools that can be very helpful for trading, and the leverage for Forex is as high as 1:777. Although it can be a little risky to trade with such high leverage, many experienced Forex traders do so very successfully. Still, we do not recommend trading at such high leverage if you are new to the market.
Forex is the most liquid market around the world, it is very popular, and the estimated daily trading volume is as much as $6.6 trillion.
Trade CFD Indices with Axiory
CFDs trading offers investors the ability to profit from the movements in the stock indices markets. To do so, investors trade without the expense of owning shares. The price of the CFD stock index is a financial product, and the price of it is revived from the underlying stock index. CFDs are very popular among many traders, that is why we looked into details while working on the Axiory FX broker review.
While trading CFDs, investors speculate on the price difference of the underlying asset. Axiory offers investors the ability to enter the CFD market with a very little amount of initial capital, thanks to the financial leverage that the broker offers. However, because of the leverage, traders could end up losing more than they have invested. Because of this, it is recommended to only trade with high leverage if you are sure that you know what you are doing.
Energies trading with Axiory
Thanks to CFDs, Axiory offers its investors the ability to trade on the price movements of many energies on the market, such as crude oil without the need for physical exchange of the commodities. On Axiory, the most traded energies are crude oil, natural gas, and electricity.
Trading energies is very popular among investors since they are affected by so many events happening around the world. The price of the energies can be influenced by geopolitical and environmental events a lot, and all of these leads to higher volatility and it is a perfect place to use short term trading strategies.
Metal trading at Axiory
Axiory also offers investors the ability to trade on the price of several precious metals, this can help traders to diversify their portfolio and is a great way for long-term investments. You can trade CFDs of gold and silver with leverage of 1:100, and the CFDs of Platinum and Palladium with the leverage of 1:20.
Most people trade precious metals because they are known to be a safe haven during hard times. The review of Axiory FX broker showed that this is especially true for gold, which maintains its value despite inflation and other problems that the economy around the world might have.
In total, the broker offers several instruments for trading. There are 60 currency pairs available, nine commodities, and ten index CFDs for trading. In total, there are about 80 assets available at the broker, and although it is not a huge amount, the traders still can choose their favorite ones.
Are there any bonuses offered by Axiory?
While working on the review of Axiory, we found that this does not offer any bonuses or promotions for their clients, which, at first, might sound a little bad for many. However, the thing is that the broker focuses more on other assets of trading which, in the end, are more important for Forex trading. The broker does everything that they can to make sure that they can offer a safe trading experience to their clients, working very hard on instruments and their various conditions, like trading tools.
Available account types for FX trader at Axiory
While working on the review of Axiory, we found out that there are several different account types available at Axiory. These account types were created so that traders of all backgrounds can find a way to trade at Axiory. Generally, there are three major account types offered by Axiory, and a few others for those who have special needs. Below, we will discuss these accounts one-by-one and will help you to find out which one is the best fit for your trading needs. There are three major account types offered by Axiory, including:
- Nano Account
- Standard Account
- Max Account
Nano account offers very low spreads to the investors, which can stand as low as 0 pips with a very small commission per-lot. By opening this account, investors can trade Energies, Forex, Indices, Precious Metals, and many others with the help of cTrader or MetaTrader 4.
It also offers ECN execution, with the maximum leverage of 1:400. The base currencies available for Nano account users are EUR, JPY, and USD. You can also take advantage of Negative Balance Protection, NBP, which means that you will not lose more than the amount of your deposit on your trading account.
The margin call with Nano Account is 50 percent, and stop out is set at 20 percent. This means that all of your positions will be closed on its own once the margin reaches the level of 20 percent. There also are several trading strategies available for Nano account users, including Expert Adviser, Automated trading, Hedging, news Time Trading, and Scalping. A review of FX broker Axiory showed that many people are using Nano accounts on Axiory.
The commission per lot with Nano account is 6 USD, and the minimum FX trade volume with lots is 0.01, while the Forex lot restriction per ticket stands at 1000. The open and pending orders per client also are unlimited.
Another account type is known as the Standard Account type at Axiory. While using this, the average spread for EUR/USD for investors is 1.2, while leverage goes up to 1:400. Also, there are no commissions and the minimum deposit is 100 USD. Available account currency options include Euro and USD. Negative Balance Protection is also available with this type of account, and traders have the ability to unlimited open and pending orders.
This one is created for regular Forex traders who are not looking for much of specific services in the broker. There are many tools that you can use while trading Forex with a Standard account at Axiory that can make your trading experience a lot easier and successful.
Max account was created mostly for the most experienced Forex traders on the platform, the average spread for EUR/USD stands at 1.8 while traders can enjoy very high leverage, which goes as high as 1:777. Also, there are no commissions for traders using max accounts and they can start trading with as little deposit like $100.
Before you start using the max account, keep in mind that it was created for the most experienced Forex traders, who know exactly what they are doing. Because trading with the max account happens with such high leverage, the broker made sure to adopt Negative Balance Protection for this account type as well. With this, you will not be able to trade more than what is on your trading account. Axiory FX broker review showed that Max Accounts are very popular at the platform, especially with experienced FX brokers.
However, we believe that trading with high leverage is very risky and only the most experienced traders should do so. If you are a beginner in the field of Forex, it would be better for you to start trading with as little leverage as possible before you learn the market well enough.
Demo accounts at Axiory are very useful for everyone, no matter you are a beginner or an experienced Forex trader, demo accounts can be very helpful for you. Many people have this misconception about demo accounts that they are created only for beginners, but in reality, it can be a huge help for almost anyone.
Firstly, beginners can use this account to learn more about Forex trading, see how it works in real-life and get to know with the trading platforms. For experienced Forex traders, on the other hand, demo accounts are a great way to check out how the broker works in reality. Also, traders can use demo accounts to try trading strategies and come up with new tactics for better trading experience. According to our review of Axiory demo accounts, people of all experience use demo accounts.
The thing about Forex trading is that the more information you have, the easier it is to master. Demo accounts play a huge role in the process of learning, and this is why it is useful for any trader. Axiory’s demo account is very useful, it resembles real-life trading very well. You are given virtual money when you create a demo account, which you can use for trading. If you are out of the money, you can ask the broker to give you more virtual money which can be used by you for trading. A demo account can be created in about 30 seconds and used by anyone very easily.
This is a special type of an account, it is also known as the swap-free account and is created for those who follow the beliefs of Islam. Since the broker offers its services in the Middle East, it was very important for Axiory to adopt this account option. This account is intended for those who use trading platforms without adjustment to swipes, or for the customers who cannot receive swaps because of their religious beliefs.
Generally, Forex swap is a commission or rollover interest which is chaired by a broker to extend the trader’s position overnight. The fact that this broker offers Islamic account means that it appreciates its users and is trying to offer everyone an experience unlike any other. While reviewing the Axiory broker, we were very glad to see that they offer this account.
How to create a trading account at Axiory
The trading account at Axiory is a very easy process and can be done very easily and quickly with the help of an online application. After you have provided basic information about yourself, like email, name, last name, etc. you will be asked to verify your identity. This is a mandatory step at Axiory since it follows KYC requirements. There are several documents that you can present to the broker to make sure that you comply with KYC requirements, such as a copy of your ID, and some type of proof of residency documents that can verify your identity.
This is a very standard procedure and most of the Forex brokers on the market follow the same requirements as well. This happens to make sure that people are not lying about their identity, and the procedure can be done in under ten minutes. The fact that this process is so easy is a huge advantage of the broker. Thanks to the modern verification method, called Jumio, Axiory managed to use AI in the registration process. Thanks to this, the process takes as little time as possible. After you have created your account, now it’s time to make your deposits, let’s see what Axiory offers in this regard.
Payment methods – What Axiory offers?
When talking about successful Forex trading, payment methods play a huge part. Payment methods are a way for you to start trading if you do not use the right payment method, you might need to wait a very long time or pay huge amounts of money on commissions and fees.
Although there are no so many commissions and fees applied to the payments at Axiory, there might be some charged by the issuer of your payment method, because of this, you need to be well-informed about the payment method that you are using while you are trading Forex with Axiory.
Axiory made sure that they partnered with industry leaders when it comes to payments so that the could offer the most transparent and safe payment methods on the market.
How to deposit funds on your account
One thing that we wanted to focus a lot while working on the review of FX broker Axiory was the deposit methods. Because, once you have registered on the website, now it is time for you to make your first payments. At Axiory, payments can be made with a wide range of payment methods. The broker accepts payments with Credit and Debit cards, such as Visa, for example. You can make payments in either USD or EUR and there will not be any fees charged. Also, you will not have to wait, the payments with credit/debit cards are processed immediately. However, be sure to check out the information regarding the fees with the issuer of your card, since there might be some fees applied to payments from the side of the issuer.
International wire transfers are also free at the broker, but it takes 3 to 10 business days. Other payment methods, like BitPay, Neteller, Skrill, Vlouad, and many others are also free from the side of the broker. But in these cases, you will also have to check the information with your provider. For BitPay payments, the payments are made within 15 minutes after confirmation. Other payments are done immediately.
How to withdraw your hard-earned money
For withdrawals, you can use most of the deposit methods. However, the difference is the time that you will need to wait for the payments to be processed. For credit/debit cards, you would wait for anything between 3 to 10 business days, the same goes for Wire Transfers as well. For BitPay, the waiting time is anywhere between 1 to 5 business days, and for Neteller, Skrill, and VLoad, the withdrawals are made immediately.
The broker also has adopted Anti-Money Laundering, AML, policy which means that. This policy was adopted by the broker because they are trying to make sure that all of the users are staying as safe as possible. When we were working on the review of Axiory Forex broker, we were very glad to find out that the company does its best to offer various payment methods to their investors, so that their job goes as successfully as possible.
Trading Platforms at Axiory
Trading platforms are one of the most important parts of Forex trading. They are the thing that gives you access to the trading market, and if you choose the right platform, it will be a lot easier for you to trade. Axiory offers two different trading platforms, MetaTrader 4 and cTrader. Both of these platforms are very well-developed and reputable in the world of Forex trading and is used by a lot of FX traders around the world.
MetaTrader 4 is one of the best-known trading platforms in the world of Forex trading, it is used by more than 90 percent of all Forex brokers and not for the wrong reason. It was released about 15 years ago, in 2005, by a Russian company called MetaQuotes. MT4 offers traders access to several trading instruments, including several dozens of currency pairs.
The best part of MetaTrader 4 is that it has been very popular for a long time now. Many people use it and because of this, no matter what type of information you need, you will be able to access it very easily online. There are several forums where people have a lot of information about this platform and because of such a huge following, it is very easy to get any type of help very easily.
However, while working on the review of Axiory, we found that the broker does not offer MT5, which is a newer version of MT4. This can be understandable, because, even though there is a newer version of the platform available, most people are still using MT4.
Another trading platform that Axiory offers is cTrader, which is also very popular in the world of Forex trading. Although it is not as popular as MT4, there still are several traders who prefer to use this one. Some traders use cTrader because it simply does not have a hard limit on the number of financial products a broker can incorporate in it. Mostly, people prefer to use this broker while trading stocks and commodities, while Forex traders mostly prefer to use MT4.
In addition, cTrader was after the MT4, because of which the interface of this trading platform looks more polished and modern than MT4. This is something because of which many people prefer to use it.
In recent years, using smartphones for Forex trading has become increasingly popular. Because of this, we were very glad to find out that this broker offers their clients to trade with their phones when we were working on this Axiory Forex broker review. Mobile trading is very useful for everyone, but especially to those who are always on the go.
Just a few decades ago, not so many people had access to the world of Forex. In recent years, thanks to the development of the internet, more people than ever before can trade without leaving the comfort of their homes. Today, smartphones are offering a whole new opportunity to traders – trading Forex with their smartphones.
Clients of the broker offer their traders the ability to download versions of cTrader and MT4 on their mobile phones and trade very easily. The apps are supported on both iOS and Android devices, and they have most of the features that desktop versions have.
Educational materials of Axiory
One of the biggest advantages of trading Forex with Axiory is that they offer many different educational materials for everyone who wants to trade with this broker. Most of these educational materials are very useful for beginners and they are accused through a special page created on the website called Trading Academy. This includes many strategies, basic information about the market, and everything that might be useful for both, beginners and experienced FX traders.
These written materials can be very useful for any type of a trader, they are created so that no matter how much you know about Forex trading, you can always find something new and useful through their educational material. The information on the page is divided into several headlines which can be very useful for traders to find the information they are looking for.
While working on this review of Forex broker Axiory, we found that the broker has a special page dedicated to the ongoing events in the world of Forex so that their clients can always stay in touch with the market. The news page is updated almost daily and can be used by traders to stay up-to-date to ongoing processes in the world of Forex.
The educational materials are full of free eBooks that can be very useful for traders, articles, news pieces, and many other things. So, if you want to learn more about Forex trading, it is worth checking out this information.
Is customer support any helpful?
When trading Forex, you need to make sure that you are using a broker that can offer you timely and useful help whenever you need it. To offer as much help as possible to its users, Axiory has created a special page of FAQs, which covers diverse categories related to the basics of Forex trading. You can find any information here, and in case you are having hard to finding the information that you were looking for, you can always use the Customer Services, which is available from Monday to Friday from 11 AM to 7 PM GST, and 24/5 for clients from Asia.
When we started working on the review of the Axiory FX broker, we wanted to make sure that we could be as correct about everything as possible. Because of that, we decided to address the customer support team on our own and asked them some questions. Thankfully, we got answers in just a few seconds and thanks to the live chat, the employees of the company were very helpful.
This is a huge thing while trading Forex, you need to be sure that if there is some type of an emergency, there is someone who can help you out, and in the case of Axiory, getting help is very easy. Besides, when phone lines and online chat is not working, you can always send them an email, and the team will make sure to get back to your questions as soon as possible. The phone numbers are available for traders in the UK, Switzerland, Australia, China, Singapore, and many others.
You can use the following methods to get in touch with the customer support team of Axiory:
- Email: firstname.lastname@example.org
- Phone: +442031502506 (UK)
- Live chat available via the website
How to do research on Axiory?
It is very important for Forex brokers to help their investors increase their profitability on the market, it is better for both traders and brokers. Axiory offers a lot when it comes to research, there are a number of tools available at your disposal. One of them is technical indicators, which is a very effective thing to do to predict the future price movements on the market. These indicators include moving averages, vitality channels, and a number of others.
The calculator is very useful when you are planning or assessing trades. There is a dedicated calculator tool created for traders which lets them try complicated terms into something more easily understandable. Also, you can use various currency indices, which will help you to better understand everything on the market. As a result of our review of Axiory, we were able to tell that this broker does everything to make sure that their clients are as successful as possible.
Where can you use Axiory?
Axiory is available in several countries around the world, including Thailand, The United Kingdom, Australia, India, Norway, UAE, Australia, South Africa, and many others. However, there also are some countries where the services of this broker are not available, these countries include The United States, Iran, Syria, France, Germany, Belgium, and many other countries around the world.
One of the main reasons why the broker is not accepted in so many countries is the fact that it does not have local regulations in these countries.
Should you use Axiory for Forex trading?
We worked very hard on this Axiory FX broker review, and finally, we were able to find out that this Forex broker offers many benefits to its investors. Although there are some challenges that the broker has, it still stands to be one of the biggest names on the market and not for the wrong reason. We recommend trading with Axiory and believe that it is one of the best Forex brokers in the world of trading.