What is Axiory?
Axiory, established in 2011, offers global traders a savvy, friendly, and intuitive space to access the forex and CFDs market. The original idea of Axiory found is based on transparent offering to the clients and trading community, while traders will get unparalleled and well-developed technology for its greater success.
Axiory operates as a group of companies, trading brokers that headquarters in Belize. Yet, Broker gained global exposure since operate for a quite long time in the world of trading and run representative offices in Dubai, which brought access to both EEA clients and Middle East as well.
| Pros | Cons |
|---|---|
| Range of instrument including Forex and CFDs | No multi-currency accounts |
| Great trading technology development | |
| Suitable for both beginners and Professionals | |
| Based on MetaTrader and cTrader performance |
10 Points Summary
| 🏢 Headquarters | Belize |
| 🗺️ Regulation | IFSC (Belize) |
| 🖥 Platforms | MT4, cTrader |
| 📉 Instruments | Forex, CFD Indices, Stock CFDs, Energies, and Metals |
| 💰 EUR/USD Spread | 1.2 pip |
| 🎮 Demo Account | Available |
| 💳 Minimum deposit | $50 for MAX account |
| 💰 Base currencies | Several currencies |
| 📚 Education | Learning materials and technical analysis |
| ☎ Customer Support | 24/5 |
Is Axiory safe or a scam?
Before you sign and trust broker you definitely should verify its legit information and see whether the broker is trusted one or not. In regard to Axiory, we found out the company takes its origin from the Belize, which is known as offshore jurisdiction known earlier for a relatively easy way to obtain a Forex trading license. This of course attracted numerous brokers and also unscrupulous enthusiasts as well that made reputation of Forex trading and brokerage run like a scam.
However, recently Belize regulation updated its policy and require higher capitalization and standards towards brokerage business while the company will be asked to deposit capitalization of $100,000 at the beginning of the application process. So all in all it makes things much better, so the broker can be trusted.
| Pros | Cons |
|---|---|
| Segregated Accounts and annual reports | Not listed on Stock Exchange |
| Cross border offering including the global proposal | Regulated by Belize IFSC only |
| Negative Balance Protection applied | |
| Compensation up to 20,000$ |
Is Axiory legitimate?
First of all, Axiory is a trading name that operates as an AXIORY group of companies with a registered address in Belize and range of representative offices including Dubai. Also, Axiory operates since 2011 and ever since established a quite good trading basis and the trading community they serve.
How are you protected?
Axiory also obliged to funds segregation means client funds are strictly separated from the company ones. The broker is regularly audited and reported on required terms, which means there is a sustainable level of transparency since prices are received directly from liquidity providers and reporting confirms its no-intervention environment.
In addition, Axiory is a member of the Financial Commission, an independent commission that protects clients fund in case of the brokers’ insolvency and reimburses trading account up to 20,000$
Leverage
Leverage is a very powerful tool which tends to magnify your income through its possibility to increase trading capital in a certain number of times, defined as a ratio. Forex trading indeed is popular for its leverage opportunity, meaning that with initially small capitals you potentially may gain quite good exposure to the markets.
However, with its great capabilities, leverage increases risks in parallel as well, thus world authorities restrict use of the high leverage, while some brokers still offer this alluring opportunity. Eventually, Axiory is one of those brokers that still define its range of offered leverage up to 1:777.
Leverage levels are also defined by the instrument you trade and vary according to their asset category and the amount traded. Therefore, for exact levels check conditions though a trading platform.
- Forex instruments and Currency Pairs leverage is set to a maximum of 1:500
- CFDs on Indices and more up to 1:200 according to the instrument conditions
- Commodity CFDs offering up to 1:100
- CFD Stocks is 1:5 for STD and NANO accounts, For MAX Account it is set to 1:10
Accounts
There are several account types designed to met particular trading needs, also providing a quite flexible trading conditions and availability of Islamic Account for those traders requiring so.
In addition, you may always sign in for Free Demo Account available for both platforms offered, so you can see trading conditions, simulate performance and make your decision further.
| Pros | Cons |
|---|---|
| Fast digital account opening | None |
| Three Account Types for Live Trading | |
| Islamic Account | |
| Practise Demo Account |
Account Types
There are three main account types offered by Axiory including Nano Account, Standard Account and MAX Account. What is absolutely great, you can combine the use of both platforms MT4 and cTrader through one account. Also Axiory being very generous allowing customization of the trading conditions, so while trading you can discuss conditions with the customer service.
A Step by Step guide on how to open an account
1. Load Axiory Sign In page
2. Register your personal data (Name, email, phone etc.)
3. Confirm access through set email and verify your details
4. Access practice account at this stage
5. Make your first deposit and choose an account type. Define conditions with customer service
6. Enjoy trading
