Axiory
Pros and Cons
Pros
- Regulated by the International Financial Services Commission (IFSC) in Belize
- Trading instruments: Forex, CFDs, commodities, and stocks
- Multiple platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High leverage options up to 1:2000
- Low minimum deposit requirement of $10
Cons
- Offshore regulation by FSC in Belize
- Slow withdrawal processing times reported
- Limited customer support hours
- High trading fees on some instruments
- Restricted access for traders from several countries
Basic Information
User Reviews
Axiory Overview
Founded in 2012 and headquartered in Belize, Axiory Global Limited is a forex broker that operates under the regulation of the International Financial Services Commission (IFSC) in Belize (License No. IFSC/60/255/TS/15). While Axiory offers a range of trading services, it is crucial to note that its regulatory status is considered offshore, which may not provide the same level of oversight as brokers regulated by more stringent authorities like the FCA or ASIC. Despite this, Axiory has built a reputation for providing access to various financial markets, including forex, commodities, indices, and cryptocurrencies, appealing to a diverse set of traders worldwide.
Axiory distinguishes itself through its multiple trading platforms, including the popular MetaTrader 4 and 5, as well as cTrader, all of which feature advanced tools and functionalities tailored for both novice and experienced traders. The broker offers a low minimum deposit requirement of $10, making it accessible for beginners. Additionally, Axiory’s customer support operates 24/5, providing assistance in multiple languages. With competitive spreads and leverage options of up to 1:2000, Axiory presents several unique advantages that cater to different trading strategies and preferences, though potential clients should weigh these benefits against the risks associated with its offshore regulation.
Is Axiory Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Commission (FSC) | Belize | Segregated Funds |
Is Axiory Regulated and How Are Client Funds Protected?
Axiory is an offshore broker regulated by the Financial Services Commission (FSC) in Belize. While this regulatory status provides some level of oversight, it is important to note that the FSC is not considered a top-tier regulatory body, which may raise concerns about the adequacy of investor protection measures. Client funds are held in segregated accounts, ensuring that they are kept separate from the broker’s operational funds. However, the level of investor protection may not match that offered by more reputable regulators. Furthermore, the broker is subject to the regulatory requirements of the FSC, which include maintaining sufficient capital reserves to support its operations. As such, while Axiory can be considered a legitimate option, potential clients should weigh the risks associated with trading through an offshore-regulated broker.
Trading Products and Services
What trading instruments does Axiory offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | 50+ |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, LTC, XRP | Many |
Axiory provides a broad range of trading instruments across various asset categories, making it suitable for diverse trading strategies. With over 50 forex pairs, traders can easily navigate the currency markets, while commodities and indices offer additional avenues for investment. For stock traders, Axiory lists major US and UK companies, enabling access to crucial market segments. Additionally, the inclusion of cryptocurrencies caters to traders interested in emerging digital assets. This extensive product offering supports portfolio diversification, appealing to both novice traders and seasoned professionals alike, and provides the flexibility needed for effective trading strategies.
Account Types and Trading Conditions
What Account Types and Fees Does Axiory Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| NANO Account | Beginners | Low minimum deposit, tight spreads | Suitable for small-capital practice |
| STANDARD Account | Retail Traders | Flexible trading options, competitive spreads | Best for moderate trading volume |
| MAX Account | Experienced Traders | High leverage, low commissions | Requires higher trading volume qualifications |
| TERA Account | Professional Traders | Advanced trading tools, low spreads | Designed for high-frequency trading |
| ALPHA Account | Corporate Clients | Customized services, dedicated account management | Requires corporate documentation |
| Islamic Account | Muslim Traders | Swap-free trading, compliant with Shariah law | Available for all account types |
| Demo Account | All Traders | Practice trading with virtual funds | No time limit on usage |
Account Opening Process
To open an account with Axiory, follow these steps:
1. Visit Axiory’s website and click on the “Start Now” button to access the registration page.
2. Fill out the form with your personal information, including your name, email address, and phone number, and select your desired account type.
3. After submission, you will receive an email to verify your account.
4. Complete the identity verification by providing necessary documents, such as a valid ID and proof of address.
5. Once verified, you can fund your account using one of the available payment methods.
6. Axiory offers account flexibility; you can upgrade to a professional account in the future if your trading volume qualifies.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.2 | $0 (ECN: $3.5/lot) | Competitive trading conditions |
| CFDs (Stock Index) | 1.5 | $6 per lot | Includes major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
| Commodities (Gold) | 3.0 | $6 per lot | High volatility instrument |
Other Fees
Axiory has several additional fees that traders should be aware of:
– Deposit/Withdrawal Fees: No fees for deposits via bank transfer, but e-wallets may incur charges.
– Inactivity Fees: Accounts inactive for a prolonged period may incur fees.
– Platform Usage Fees: No specific fees for using Axiory’s platforms.
– Overnight Interest (Swap Rates): Applies to accounts that do not qualify for swap-free status.
– Currency Conversion Fees: Applicable when trading in currencies different from the account currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does Axiory Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, market search, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Two-factor authentication, advanced charting, market depth, economic calendar | Demo accounts, VPS |
| MyAxiory App | iOS, Android | Secure login, one-click trading, real-time notifications, symbol lookup | Demo accounts |
Axiory provides traders with a selection of robust trading platforms, including MetaTrader 4 and MetaTrader 5, which are ideal for both beginner and advanced traders. The MT5 platform offers enhanced features suitable for those requiring advanced analysis tools, while the MT4 remains a popular choice for its user-friendly interface. The MyAxiory mobile app supports convenient trading on-the-go, allowing users to manage their accounts efficiently. Axiory emphasizes security through two-factor authentication and encryption across its platforms, ensuring safe trading experiences. The platforms also provide quick order execution and real-time alerts to keep traders informed and responsive in dynamic markets.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA | 1–3 business days | No platform fee | Min 100, Max 10,000/day | EUR |
| GrabPay | Instant | 1.5% charge | Min 50, Max 5,000/day | USD, SGD |
| SPEI | Instant | No platform fee | Min 100, Max 20,000/day | MXN |
| Bank Transfer (International) | 3–5 business days | $20 fee | Min 200, Max 50,000 | USD, EUR |
| PayPal | Instant | No platform fee, 2.9% third-party fee | Min 50, Max 10,000/day | USD, EUR, JPY |
Minimum Deposit
Axiory requires a minimum deposit of $100 for standard accounts. This minimum may vary depending on the payment method and account type, with some methods allowing for deposits as low as $50. Regional variations may apply based on local regulations and partnerships.
How to Withdraw
- Log in to your Axiory account.
- Navigate to the “Withdraw Funds” section.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount within your limits.
- Confirm your details and submit the withdrawal request.
- You will receive a confirmation email once your request is processed.
Customer Support
Axiory Customer Support Overview
Support Channels
Axiory provides multiple contact methods to ensure customers receive timely help. Traders can reach out to the support team via:
- Email: Customers can send inquiries to support@axiory.com for assistance.
- Live Chat: Axiory offers a live chat feature on their website, allowing for instant communication with support representatives.
- Telephone: Customers can call the support team at +501 224-4632 for direct assistance.
- Social Media: Axiory is also accessible through their social media platforms, where users can ask questions and interact with the support team.
Service Availability
Axiory’s customer support is available 24/5, ensuring that traders have access to help during market hours. The support team is multilingual, providing assistance in several languages, including English and Japanese, to accommodate a diverse clientele.
Additional Resources
Axiory enhances its support services with educational resources, including:
- Video Tutorials: These provide guidance on using the trading platforms and understanding market strategies.
- Webinars: Regular webinars cover various trading topics, helping traders improve their skills.
- Market Analysis: Axiory offers insights and analysis to help traders make informed decisions.
- Trading Signals: Customers can access trading signals to assist with their trading strategies.
Overall, Axiory’s commitment to customer service is evident through its diverse support channels and extensive educational resources, ensuring traders can find the help they need.
Frequently Asked Questions
Yes, Axiory is authorized and offshore regulated by the International Financial Services Commission (FSC) in Belize. However, it’s important to note that the FSC is not considered a top-tier regulatory body.
Axiory offers a diverse range of trading conditions, including leverage up to 1:2000, a minimum deposit of just $10, and access to multiple trading platforms such as MT4, MT5, and cTrader.
Axiory follows strict financial regulations, including maintaining sufficient capital reserves to protect client funds. Additionally, they use segregated accounts for client deposits to enhance fund security.
Axiory offers customer support through multiple channels, including live chat, email, phone, and a comprehensive FAQ section on their website. However, they do not provide 24/7 support.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.