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axiory.com review

92.5

Points

1.8pips

MIN. SPREAD

50

CURRENCY PAIR

Our Axiory review confirms that this is a reputable broker with a strong reputation. Founded in 2012 and based in Belize, Axiory allows you to trade forex and CFDs on indices, metals and commodities. Though this may seem like a limited product selection compared to other brokers, fair fees, great trading platforms, and regulation from IFSC make the broker worth your consideration. Continue reading our broker review to discover how Axiory caters to your trading needs.

 

ProTrade over 80 instruments

ProChoose between MT4 and cTrader

ProWinner of the ‘Most Transparent Broker in 2020 Award’ at the International Investor Awards

ProWinner of the ‘Excellence in Customer Service Award’ at the International Investor Awards

ProBest broker for trading with analytical tools

ConNot available in the United States

Axiory overall scores

In this review, you can find all the information you need to decide whether Axiory is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how Axiory scored in each of our high-priority categories.

Commissions & Fees – 94 Points
Payments – 98 Points
Licensing & Safety – 97 Points
Customer Service – 92 Points
Trading Platforms & Tools – 99 Points
Education – 93 Points

Axiory fees and commissions

Our review of Axiory found that the broker offers lower fees than many of its competitors. All spreads are floating, and only Nano account holders must pay commissions. There are no inactivity fees, and most deposits and withdrawals are free too. Overall, this makes Axiory perfect for traders of all skills and budgets.


Our experts have reviewed Axiory’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:

–      Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.

–      Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.

Below you will find a snapshot of the fees charged by Axiory. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders. It is often not the cheapest option but not a premium option, either.

Trading Fees

TYPE OF FEECOST
Minimum Spread EURUSD (pips)1.1
Commission (%)0%
Commission on Islamic Accounts (%)5%

*Based on Standard account type.

Non-Trading Fees

Account FeeN
Inactivity FeesN
Deposit FeesN
Withdrawal FeesY

Axiory trading fees

Axiory offers floating spreads on all account types and, with a Standard or Max account, these are the only fees to consider. With a Nano account you will pay commission fees too, although spreads are tighter to reflect this difference. Overall, this pricing structure allows Axiory to offer lower trading fees than many competitors.

To make calculating the cost of your trades easy, Axiory publishes a list of the average spreads and swaps for each instrument it offers. To give you a good overview of what to expect, we’ve also created the following list of average spreads on forex pairs:

  • EURUSD: 0.2 for Nano, 1.2 for Standard, 1.9 for Max
  • AUDUSD: 1.2, 2.4, 3.5, respectively
  • GBPUSD: 0.5, 1.5, 2.2, respectively
  • ZARJPY: 5.6, 6.6, 7.4, respectively

The following are average spreads for some index CFDs on Axiory:

  • DAX: 1.5 for Nano, 1.8 for Standard, 1.8 for Max
  • FTSE: 2.1, 3.1, 3.7, respectively
  • DOW: 4, 6, 8, respectively
  • NSDQ: 1.1, 1.6, 1.5, respectively

Average spreads for metal CFDs are:

  • XAUUSD: 0.1 for Nano, 0.3 for Standard, 0.37 for Max
  • XAGUSD: 0.011, 0.031, 0.038, respectively
  • XPTUSD: 1.9, 1.9, 2, respectively
  • XPDUSD: 3.9, 3.9, 4, respectively

Finally, the following are example spreads for energy CFDs:

  • NGAS: 0.007 for Nano, 0.007 for Standard, 0.024 for Max
  • CL: 0.04 for all accounts
  • BRENT: 0.05 for all accounts

It is also worth noting that if you have a large account balance or a high trading volume, you can discuss reducing your spread rates with Axiory directly.

Axiory commissions

Standard and Max accounts do not have any commissions. Nano accounts, with their tighter spreads, have commissions of $6 per lot.

Financing/overnight rates

You can view the overnight or swap rates on the specific market pages on Axiory or on the Spreads, Swaps, and Dividends page. The following show some of the average swaps in points:

  • EURUSD: -4.59/0.05 long/short
  • AUDCAD: -1.41/-2.5 long/short
  • GBPUSD: -4.76/-3.5 long/short
  • ZARJPY: 0.632/-1.071 long/short
  • DAX: -0.1/-0.2 long/short
  • NSDQ: -0.85/-0.65 long/short
  • XAUUSD: -5.38/-2.38 long/short
  • XAGUSD: -0.919/-0.35 long/short
  • CL: -1.0204/0.7693 long/short

Non-trading fees

As you review Axiory’s payment methods, you will notice that the broker does not charge for most deposits or withdrawals. However, if you make a deposit or withdrawal of less than $200, there is a $15 for wire transfers and a $10 fee for all other methods. The payment method provider may also charge a fee, which will be passed on to you. Additionally, you must pay the remittance fee in the case of withdrawals via wire transfer.

It is important to note that Axiory does not charge inactivity fees, but the broker reserves the right to close your account after three months of inactivity. As such, you should make it a point to make regular trades if you want to keep your account open.

Axiory safety

Our review of the Axiory forex broker found numerous indications that your funds and information are safe with this broker. Axiory is regulated by the IFSC and is a Financial Commission member, entitling clients to a compensation fund. The broker also offers negative balance protection and transparency and is audited twice each year by a Big Four auditing firm.

Axiory licenses and regulation

Axiory Global Ltd. is the parent company of Axiory, which is one of its trade names. Axiory Global Ltd. is regulated and authorized by the International Financial Services Commission of Belize with license number 000122/15. It has registration number 127 090. It has its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

The website for Axiory is owned by the AXIORY group of companies, which includes Axiory Global Limited and PT International Limited. This company operates the website and has registration number 9668659 with its registered address at Enterprise House, 5 Roundwood Lane, Harpenden, Herts, England, AL5 3BW, London. As that company only operates the website, there is no need for financial regulation.

Is Axiory safe?

Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:

  • What protection and/or insurance Axiory offers should something go wrong
  • Axiory’s reputation, history, and management

Axiory client protection

To provide additional peace of mind, Axiory clients have access to a client compensation scheme in the unlikely event that the broker files for bankruptcy. If this occurs, a third-party auditing firm will handle the relevant funds.

All clients of Axiory receive negative balance protection for additional safety of funds. To prevent you from needing to use this feature, Axiory also offers margin calls and stop-outs. The margin call stops you from opening a new position if you drop below 50% of it.

Axiory background and reputation

As you review the Axiory forex broker’s safety, fairness, and transparency measures, you will notice that the broker is transparent. It publishes trading statistics freely on its website. The broker also never manipulates the prices; instead, it gets pricing right from liquidity providers.

All client funds are held in segregated accounts. Those funds are never used in any way other than for your trading account.

Our Axiory review also appreciates that the broker annually files reports for PWC, one of the Big Four accounting firms. These ISRS 4400 reports include confirmation that individual balances are properly calculated and reconcile with the company’s general ledger. Essentially, the auditing reports confirm that Axiory had no miscalculations or misplacements of funds, not even cents.


Opening an account with Axiory

Our Axiory review confirms the broker’s claim that you can open an account in less than 10 minutes, as the process is incredibly straightforward and quick. The process is fully digital, and verification takes place via Jumio. There is also the convenient option of opening a Light Live account with just your proof of address. However, keep in mind that you cannot withdraw more than your initial deposit without upgrading to a fully verified account.


Is Axiory available in your country?

As you review the Axiory forex broker’s availability around the world, you will notice a handful of key regions and countries in which it is not available, including:

  • The United States
  • Canada
  • The European Union
  • The Islamic Republic of Iran
  • North Korea
  • Indonesia
  • Belize

There may also be restrictions on the services available in certain other countries.

How to open an account at Axiory

As mentioned, Axiory claims you can open an account and start trading within 10 minutes, which our team found accurate. The process of signing up and verifying your account is intuitive and entirely digital.

  • Step 1

    Click “Open Account” in green on the top right corner of the website.

  • Step 2

    Fill out the form with your first and last name, email address, country, phone number, and chosen password. Enter an affiliate code if you have one, agree to the privacy policy and terms and conditions and click “Start Trading.”

  • Step 3

    Submit your documents for verification using Jumio and your mobile phone camera or a scanner.

  • Step 4

    Check your email for your login information to get started.

  • Step 5

    Fund your account and start trading.

What you will need to open an account

To open an account with Axiory, you will need to have some key information and two documents. Our Axiory broker review team suggests gathering these documents before you start registration, as this saves time. By using Jumio for client verification, Axiory dramatically reduces the time it takes to start trading, as many competitors take days for account verification.

  • Personal information – You will need to provide your personal information, including your first and last name, birthdate, nationality, email address, phone number, postal address, and an official identification number.
  • Regulatory information – The regulatory information includes the above personal information and the below documentation. You may also be asked to complete a short questionnaire to assess the suitability of Axiory’s products for you.
  • Documentation – To open a full live account, you will need to submit proof of identity and proof of address. If you opt for the Light Live Account, you can skip the proof of address, but remember that you cannot withdraw profits greater than your deposits with that account type. To withdraw those profits, you would need to switch to a Live Trading Account by submitting a proof of address.

The proof of identification documents can be your driver’s license, official ID, or passport. Jumio will ask you to take a clear photo of the document plus a photo of yourself to confirm it is you in the ID.

The proof of residence must be from the last six months and must be issued by a third party in your name. It must have all four corners visible and can be a PDF. Options include tax-related documents, residence permits (with the seal on the same page), bills from credit card companies or banks (with the issuer’s seal visible), telephone receipt (with the issuer’s seal visible), or a public utility receipt.

To open an account with Axiory, you’ll need to provide proof of identity and proof of address. This process allows Axiory to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.

What is the minimum deposit at Axiory?

The minimum deposit at Axiory is incredibly accessible, as you just need to deposit $10 to open a Max account. Similarly, Nano and Standard accounts have a minimum deposit of $10 as well, which is still highly accessible.

This low deposit requirement helps Axiory appeal to beginners who do not have much to invest or do not want to commit to a large investment without more experience.

Axiory payment methods

As you review the Axiory forex broker’s payment methods, you will notice numerous local and international options. Remember that accounts can have base currencies of USD or EUR. If you deposit in a different currency, you will likely have to pay a currency conversion fee. It is also worth mentioning that Axiory does not charge for deposits or withdrawals, provided they are over $200, but the payment provider may charge a fee. Withdrawals are processed within 24 hours. Remember that withdrawing more than your deposit requires full account verification.

 

 

Axiory account types

You can choose from three main types of accounts at Axiory: Nano, Standard, or Max. There are also corporate accounts with exclusive spreads, but those are obviously only available to corporate clients. We encourage you to review Axiory’s demo accounts to practice strategies and hone your skills.

Demo accounts

Our review of the Axiory forex broker strongly suggests you make full use of the broker’s demo accounts. This account is risk-free and provides you with access to real trading conditions. It is a great resource for beginners who want to be familiar with trading before risking real funds. It is also helpful for traders of all experience levels, as it lets you test new strategies without risk.

Axiory’s demo account stands out from those offered by the competition because it does not expire. By contrast, many brokers place time limits on their demo accounts. You can use Axiory’s demo account as long as you want. The broker even lets you open multiple demo accounts, which is convenient for testing several strategies at once or to determine the account type or platform that will best match your trading style.

The demo account is also fully featured, giving you $10,000 in virtual currency and your choice of USD or EUR as well as the choice of account type and trading platform. It includes full use of the indicators, EAs, and other tools, fundamental and technical analysis, and full customer support.

Islamic accounts

Whether you choose to open a Nano, Standard, or Max account, it can be a swap-free Islamic account. To open this account, start by opening a live account and then send a message to the Axiory Support Team. They should make you a new Islamic account within 24 hours.

Keep in mind that to make up for the lack of swap fees on overnight positions with Islamic accounts, Axiory charges commissions on positions that are held open overnight. These commissions are subject to change but at the time of writing are $3, $5, or $8 per lot for forex and $8 per lot for XAGUSD, XAUUSD, and CL.


Axiory trading platforms

There are three main platforms to choose from when trading with Axiory, each of which offers several alternatives. You can use either MetaTrader 4, MetaTrader 5 or cTrader as a downloadable desktop platform, a web-based trader (WebTrader or cTrader Web), or a mobile platform, available for both iOS and Android. As the various formats of MetaTrader 4, MetaTrader 5 and cTrader have nearly identical features, it is easiest to describe them as three platforms instead of the total of eight that are available, with each having four versions.


Axiory offers three trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools.

To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of Axiory’s trading platforms. When doing so, we considered a range of factors, including how easy to use the platforms are, what features each trading platform offers, and how suited each platform is to different types of traders.

 

MetaTrader 4

MetaTrader 4 is the industry standard for trading forex and CFDs. As mentioned, Axiory offers MT4 for desktop, as a WebTrader, or as a mobile application. The desktop version is available for Windows or Mac, and the mobile app is available for Android or iOS.

MT4 includes Expert Advisors for automated trading. You can also create your own expert advisors using the MQL4 programming language. The desktop version of MT4 also supports using the built-in MQL4 development environment as well as historical price data. Trading with Axiory on MT4 includes 99.99% order execution.

MetaTrader 4 includes more than 50 built-in indicators, including RSI, moving average, and others. You can also review the Axiory extensions for Custom Indicators and Expert Advisors, which take these features to the next level. The Expert Advisor extension includes ready-made EAs and the ability to make your own. The Custom Indicators extension also includes both ready-made ones from Axiory and the ability to make your own using MQL.

You can also benefit from the full range of features that MetaTrader 4 is known for, including a range of order types, a detailed trading history, 24 analytical objects, three chart types, and nine timeframes.

cTrader

cTrader has been around for about a decade. While it has not quite gained the following of MetaTrader, it is still an industry leader. It is also updated regularly and has a convenient cTrader ID that lets you log into all of your cTrader accounts. As mentioned, you can download it for Windows or Mac, use it in your browser via cTrader Web, or download the mobile app for iOS or Android.

The cTrader mobile application is specific to Axiory, so it is optimized to work with your Axiory account. You can access multiple order types, price alerts, advanced technical analysis tools, symbol watch lists, market sentiment indicators, news, and more. There are five types of charts views, eight chart drawings, and four chart types.

When conducting analysis with cTrader, you will find more than 60 indicators already built into the platform. The cTrader platform also includes cTrader Automate, which is an integrated function that allows automatic trading. This feature used to be called cAlgo, so you may also see it referred to by that name. It now integrates with the cTrader platform.

What is the execution policy at Axiory?

Axiory uses an STP execution model. There is no limit to the open or pending orders you can have with a restriction of 1,000 forex lots per ticket. Axiory prides itself on offering stable infrastructure to help deliver fast trading.

For transparency, you can review Axiory forex broker’s trading statistics right on its website. There are monthly charts available that show the execution time, slippage distribution, and execution time vs. slippage for whichever month you choose to select. You can view the statistics for “overall” or for one of the following nine specific assets: EURUSD, USDCHF, USDJPY, EURJPY, AUDUSD, GBPUSD, NZDUSD, GBPJPY, and USDCAD.

To provide an example, the vast majority of trades in August 2020 took between 150 and 179 milliseconds to execute. In the same month, more than 60% of slippage was positive within 0.1 pips.


Axiory markets and products

Reviewing Axiory broker’s offerings will show you a focus on forex. The broker also offers access to indices, energy commodities, and precious metals in the form of CFDs. While other brokers offer a larger selection of instruments and some offer other instrument types, most beginners and traders who focus on forex will find more than enough to diversify their portfolio.


InstrumentNumber
Currency Pairs62
Commodities5
Precious Metals4
Indices0
Stocks and Shares0
Cryptocurrencies0
Options0
ETFs0

Currency pairs

Trading forex with Axiory gives you access to more than 60 currency pairs, including majors, minors, and exotics. The forex market has an estimated daily trading volume of over $6.6 trillion and is available for trading 24/5. The range of currency pairs at Axiory lets you diversify your portfolio by trading currencies from around the globe, including numerous pairs with AUD, CAD, CHF, EUR, GBP, USD, NZD, CAD, ZAR, JPY, and more.

Commodities

Reviewing Axiory’s commodities will show you that the broker currently focuses on offering energy CFDs. The prices of energy are frequently affected by environmental and geopolitical situations, leading to volatility that makes energies popular for short-term trading.

With Axiory, you can trade CL, NGAS, BRENT, CL.i, and BRENT.i. While some brokers offer more commodities, this is enough of a variety to allow for diverse strategies.

Precious metals

Precious metals are commonly viewed as safe havens when there is uncertainty, typically keeping their value even with inflation. Precious metals also have uses in technology and jewelry. Axiory lets you trade CFDs of gold or silver with leverage of up to 1:100 and CFDs of platinum or palladium with leverage of up to 1:20.

Indices

Trading index CFDs with Axiory lets you trade indices with leverage. With each index, you trade numerous underlying assets, each of which balances each other out to some extent. The DAX 30, for example, includes 30 companies from the Frankfurt Stock Exchange.

The indices offered by Axiory include those from around the world, such as HK40, DOW, SP, NSDQ, NIKKEI, ASX, FTSE, STOXX50, DAX, and CAC.

Social trading

Axiory does not offer social trading in the traditional sense. However, if your interest in social trading is for the copy trading aspect that allows for automated trading based on expert suggestions, there are some options available.

Trading signals, Expert Advisors, and cTrade Automate all provide this ability. You can use any of these tools to follow the movements and suggestions of professionals or other traders. You can also use these tools to create your own automated trading strategy and decide whether to share it with others.

Axiory research tools

Our review of the Axiory forex broker found numerous tools to help you with your trading. You will find expert analytics and advice, an economic calendar, Autochartist integration, and calculators for margin, currency, pips, swaps, and profits. There is also sentiment analysis built into the cTrader platform. Axiory also has its own proprietary tools, including the Axiory Strike Indicator and integration for Custom Indicators and Expert Advisors.


Axiory Research Tools
News (from top-tier sources)Y
Trading Signals and IndicatorsY
Trade IdeasY
Expert AnalysisY
Autochartist ToolsY
Sentiment ChartsY
Economic CalendarY

 

Trading signals and indicators

As mentioned, MetaTrader 4 has more than 50 built-in indicators, while cTrader has more than 60. In addition to this, you can add indicators. You can also install the previously mentioned Custom Indicators on MetaTrader 4, including those provided by Axiory and those you create with MQL.

You should also review Axiory Strike Indicator, a proprietary tool that uses a sophisticated mathematical model to look at historical data and find where trends currently start. This identification gives you a head start compared to other traders. To make it easy to read and use, it is color-coded with red indicating downtrends and blue indicating uptrends.

Although Axiory does not offer anything it explicitly refers to as trading signals, the available Expert Advisors serve a similar purpose.

Trade ideas

Some of the trade ideas from Axiory come from Autochartist, as the program’s automated technical analysis identifies potential trading opportunities for you.

Other trade ideas come in the form of the Expert Advisors. The difference is that Expert Advisors execute the trades for you as well as identify them. You can use Axiory’s ready-made EAs, create them with MQL, or use EAs created by other traders and professionals.

There are also trade ideas mixed into the expert analysis on the Axiory Intelligence page, especially on the Market Alerts and Weekly Market Commentaries.

Expert analysis

For expert analysis, visit the Axiory Intelligence page and look for several types of posts. Market Alerts briefly explain a primary and a secondary view for major instruments, such as gold, EURUSD, CHFJPY, GBPUSD, and DOW.

The Weekly Market Commentary includes some similar information after a quick review of the previous week and a summary of what to expect in the current week.

Axiory also has a Technical Analysis section on its website that is updated on most trading days. It features technical analyses conducted by experts on major instruments, such as GBPUSD and USDJPY. Each analysis is in-depth and includes charts and written descriptions with figures.

Autochartist tools

The Autochartist integration with Axiory comes via a feature for cTrader or a plug-in for MetaTrader, so you can use it with either platform. By offering Autochartist for free with all account types, Axiory adds a great deal of value.

Autochartist is a recognized leader in automatically identifying trading opportunities. It includes six types of Fibonacci patterns to help you find support and resistance lines, chart patterns to find those lines, key levels, volatility analysis, and quality indicators. The last of these lets you check how reliable the information from the other tools is, displaying the information in a user-friendly manner.

Axiory customer support

Our review of Axiory found that the forex broker offers strong customer support, including multiple methods of contacting support and the ability to do so in several languages. The only thing to keep in mind is that Axiory does not offer 24/7 support, but 24/5 instead.

 

The following are the methods of contacting Axiory customer support:

  • Live chat
  • Contact form
  • Email: [email protected]
  • Phone (UK): +442031502506
  • Representative office address: 1008 Clover Bay, Al Abraaj Street, Business Bay, Dubai, United Arab Emirates
  • Registration address: No.1 Corner of Hutson Street and Marine Parade, Belize City, Belize
  • Social media, including Facebook, Twitter, and LinkedIn

There are also specific support numbers for Belize, the United Arab Emirates, Singapore, Chile, and Cyprus. As the broker is still growing, Axiory also encourages clients to contact its team if there is not enough support in their region, as this helps the broker determine where to expand its resources next.

Our Axiory broker review team also appreciates the FAQ section, as it has answers to the most common questions. It would be more useful if it was expanded, though. When we contacted support, we were met with friendly staff and quick responses in a professional manner.

Axiory mobile compatibility

You do not have to worry about mobile compatibility with Axiory as both of the trading platforms offer mobile applications, which are offered for both iOS and Android. This makes it easy to trade on the go.

Additionally, Axiory’s MyAxiory lets you easily access your account from your desktop or smartphone, providing seamless access to everything on the go. You are able to register, open and verify accounts, fund your account, and place trades with ease from your smartphone or tablet.

The Axiory website has also been optimized for mobile and loads all images and information clearly regardless of the device you use.

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