axiory.com review

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.