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Axiory Review 2024

Written By

William Berg

Written By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Fact Checked By

Tobias Robinson

Fact Checked By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Updated

Nov 11, 2024

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Overall Rating

3.6 / 5

Axiory is #42 in our CFD broker rankings.

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Customer Reviews

Regulation & Trust

2.8 / 5

Accounts & Banking

4 / 5

Assets & Markets

3.3 / 5

Fees & Costs

3.8 / 5

Platforms & Tools

3.9 / 5

Customer Support

3.5 / 5

Minimum Deposit $10

Trading Platforms MyAxiory App, MT4, MT5, cTrader, AutoChartist

Instruments Forex, CFD indices, commodities

Regulators IFSC Belize

Account Currencies USD, EUR

Payment Options Neteller, Visa, Skrill, Sticpay, Paysafecard, Cashu, Credit Card

Awards

• Excellence in Customer Service 2020 - International Investor Awards
• Most Transparent Broker 2020 - International Investor Awards
• Best Customer-Centric Forex Brand 2020 Award in Dubai - Global Brands Magazine
• Best CEO in the Forex Brokerage Industry - 2020 Business Worldwide CEO Awards

Pros

• Axiory offers free, multiple demo accounts in any of the 3 platforms with no expiry, so clients can continuously test their day trading strategies risk-free
• The broker offers best-in-class charting platforms for both novices and serious day traders, including cTrader with over 50 technical indicators
• Spreads are decent based on tests, coming in at 0.3 pips for EUR/USD, which is in line with some of the best low-cost forex brokers

Cons

• Although regulated in Belize and South Africa, Axiory doesn’t hold any top-tier licenses in Europe, the US or the Asia-Pacific region
• Only USD and EUR are accepted as account base currencies, so many clients may have to pay conversion fees
• The broker’s range of 150+ instruments is much smaller than the hundreds offered by most leading firms

Axiory is an international forex and CFD broker, offering the MetaTrader 4 and cTrader platforms. This review covers account types, minimum deposits, bonuses, and contact details. Find out whether to register for an Axiory account and start trading today.

Axiory Company Details

Starting in 2011 and operating since 2012, Axiory Global Ltd is based in Belize and the Group operates in the Middle East and various locations around the world, including the UK, Dubai and Singapore.

Axiory is licensed and regulated by the International Financial Services Commission (IFSC) in Belize.

Trading Platforms

MetaTrader

The broker offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which host a range of intuitive features:

• 50+ customisable indicators & tools (moving averages, RSI, etc.)
• Four execution modes & three pending order types
• Financial news & economic calendar
• Expert Advisors (EAs) & Market Watch
• Historical data

The MT4 and MT5 platforms can be downloaded onto Windows or Mac PCs from the Trading Platform page on Axiory’s website.

A web browser version of MetaTrader is also available with all the same features but without the need for a software download. WebTrader can be accessed from the MetaTrader page on the broker’s website.

cTrader

cTrader is newer than MT4 and boasts multiple useful features, including cTraderID – an account management approach that uses one login for all accounts. Other features include:

• Modern & user-friendly interface
• Timeframe & symbol favourites
• Excellent execution capabilities
• cTrader Automate.API
• 60+ native indicators

cTrader can be download to Windows and Mac devices. A web browser version is also available.

Markets

Four primary markets are available at Axiory (and over 150 markets in total):

• Forex – Trade over 60 currency pairs
• Stocks & ETFs – Trade 100+ stocks on the largest EU and global companies, including Tesla and Google
• CFD indices – Trade 10 major stock indices including the FTSE, & Nikkei
• CFD precious metals – Invest in gold, silver, platinum, and palladium
• CFD energies – Trade crude oil and natural gas
• Exchange Stocks & Exchange ETFs

Spreads & Fees

Compared to other brokers such as Purple Trading, Axiory’s floating forex spreads are competitive. With the Nano account, average spreads start at 0.2 pips for the EUR/USD, 0.7 pips for the EUR/GBP, and 0.5 pips for the GBP/USD.

Less favourable spreads are offered with the other two accounts, for example with the Standard account, the average spread on the EUR/USD pair is 1.2 pips.

For major CFD indices, spreads with the Nano account average around 1.2 points for the FTSE 100, going as low as 0.7 for the S&P 500.

Spreads on gold and silver are approximately 0.1 and 0.011 respectively, and for crude oil, spreads are around 0.05.

Other trading fees include a $6 commission per lot with the Nano account, dividend payments on long or short positions held on indices, as well as swap fees charged to positions held overnight.

Leverage

Axiory offers a range of leverage options up to 1:1000 with the MAX account, and up to 1:400 with the Nano and Standard accounts. An easy-to-use margin calculator can be found on the broker’s website.

Mobile Apps

Both MetaTrader 4 and cTrader are available on mobile devices, meaning users can manage their accounts and trade anywhere, anytime.

Available on both iOS and Android devices, the mobile apps offer the same features as the desktop platforms. Head to the iPhone/iPad app store or Android Play Store to download.

Payment Methods

Deposits

Axiory offers several deposit methods from credit cards to bitcoin wallets, available in USD or EUR. Deposits are free over $200, however, a fee of $15 will be charged for deposits less than $200.

• International wire transfer – Free of charge. 3 – 10 business days
• Credit & debit cards – Free of charge. Immediate
• Neteller – Possible external fees. Immediate
• Sticpay – Possible external fees. Immediate
• VLoad – Possible external fees. Immediate
• Skrill – Possible external fees. Immediate

Withdrawals

Axiory has a 24-hour processing policy (provided all conditions are met). Respective fees and information for the different options are as follows:

• International wire transfer – Remittance fee. 3 – 10 business days
• Credit & debit cards – Free of charge. 3 – 10 business days
• Neteller – Possible external fees. Immediate
• Skrill – Possible external fees. Immediate
• Sticpay – Free. Immediate
• VLoad – Free. Immediate

Demo Account

Axiory has a competitive demo offering, making both MT4 and the cTrader platform available. With $10,000 in virtual trading cash and no expiry, users can experience real market conditions and practice different techniques.

Features include:

• Flexible leverage
• EUR or USD base currency
• Multiple demo accounts allowed
• Full support of customer care team
• Full use of tools, EAs, and indicators
• Keep your demo account open alongside your live account

Though limited information is available, Axiory also offers its own web-based platform FX Simulator where users can learn how to trade and test strategies on an STP account.

Bonuses & Promotions

Axiory offers a range of promotions and financial incentives to new and existing customers. New clients can benefit from a $25 no deposit bonus, which can be claimed by simply opening an account and verifying ID.

Licensing & Regulation

Axiory Global Limited is licensed and regulated by the International Financial Services Commission (IFSC) of Belize. The broker is transparent about its regulatory requirements, including publishing monthly statistics, as well as being audited annually.

To ensure the safety of client capital, Axiory segregates funds in a separate account, and in the unlikely event of bankruptcy, compensatory funds will be handled by a third-party auditing firm.

Axiory also provides negative balance protection, whereby the margin call in all accounts is set at 50% and the stop out at 20%.

Note, Axiory is unavailable in multiple jurisdictions, including Indonesia and some other countries in Asia.

Additional Features

Axiory offers a host of additional resources, both suited to beginners and experienced traders, including:

• Axiory Intelligence news platform
• Axiory Trading Academy
• Axiory Strike Indicator
• MyAxiory client zone
• Economic calendar
• Margin calculator
• Live webinars
• Autochartist

Account Types

Axiory offers four account types: Nano, Standard, Tera, Alpha and MAX, which can all be coupled with either MT4, MT5 or cTrader.

All accounts require a minimum deposit of 10 USD and a minimum lot size of 0.01.

All options offer unlimited orders, hedging, and upon request, Islamic swap-free trading conditions.

Average spreads, leverage, and commissions vary per account. You will find the lowest spreads with the Nano account (starting at 0.2 pips), but you will enjoy the highest leverage of 1:1000 with the MAX account.

Commissions are charged at $6 per lot with the Nano account while there are no commissions with the Standard or MAX accounts.

Benefits

Pros of trading with Axiory include:

• Broad range of payment methods
• Reliable customer support
• Transparent fee structure
• 75+ major EU stock CFDs
• Strong demo offering
• Alpha stock account
• VPS compatible

Drawbacks

Drawbacks to trading with Axiory include:

• Cryptocurrency trading unavailable
• Clients from multiple jurisdictions not accepted, including the USA & European Union

Trading Hours

Forex trading is available Monday to Thursday 00:04 – 23:59 GST and Friday 00:04 – 23:58 GST. For CFD indices, trading hours vary depending on the index and can be viewed on the Markets page of the broker’s website.

For crude oil, natural gas, and electricity, trading is available Monday to Friday at 01:00 – 24:00 GST and for Brent oil, hours are 01:00 – 24:00 GST on Monday and 03:00 – 24:00 GST on Tuesday to Friday.

Trading hours for precious metals run from 01:00 – 24:00 GST Monday to Friday.

Customer Support

There are several ways to contact Axiory customer support:

• Email – support@axiory.com
• Online request form – customer support page
• Telephone – see the broker’s website for the number in your area
• Online chat – located in the bottom right-hand corner of the website

Follow Axiory on social media:

• Facebook
• LinkedIn
• Twitter

Trader Safety

The MetaTrader and cTrader platforms comply with industry-standard Secure Sockets Layer (SSL) encryption. Axiory also uses the Jumio verification process during customer registration.

This includes requesting ID and proof of address documents from all new customers.

Axiory Verdict

Axiory is a good choice for both beginner and expert traders, offering the MT4 and cTrader platforms, plus a suite of additional extras, including Autochartist, Strike Indicator, and a learning academy.

The markets offered may not be as extensive as those at other brokers, but the above combined with low spreads and competitive account offerings make Axiory a strong provider.

Top 3 Alternatives to Axiory

Compare Axiory with the top 3 similar brokers that accept traders from your location.

1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
   Go to IG
2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex

Axiory Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Axiory and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Axiory vs Other Brokers

Compare Axiory with any other broker by selecting the other broker below.

FAQ

What accounts are available at Axiory?

Axiory offers five accounts: Nano, Standard, Tera, Alpha and MAX. The Nano account is commission-based, whilst the Standard and MAX accounts are commission-free accounts. Tera and Alpha are MT5 accounts. Specifications of all three accounts can be found on the broker’s website.

Does Axiory offer a demo account?

Yes, Axiory offers a flexible and competitive demo account. Users receive 10,000 USD in virtual funds to practice trading for as long as needed.

What leverage is available at Axiory?

Leverage with the Nano and Standard accounts stretches to 1:400 while with the MAX account, the maximum leverage is 1:1000.

What payment options does Axiory offer?

Deposits and withdrawals can be made via wire transfer, credit/debit card, Neteller, Sticpay, VLoad, and Skrill. Some immediate payment options are available and deposits above $200 are free. Withdrawals are usually processed within 24 hours and some payment providers may charge a fee.

What products are available at Axiory?

Axiory offers over 60 currency pairs, 10 stock indices, energies, and precious metals (over 150 markets). For leverage information and product-specific details, see the broker’s website.