Basic Information
Pros and Cons
Pros
- Low minimum deposit of $10
- Multiple trading platforms including MT4 and MT5
- High leverage options up to 1:2000
- Wide range of trading instruments available
- Customer support responsiveness appreciated by some users
Cons
- Delayed withdrawals reported by users
- Mixed user experiences with account verification
- Offshore regulation by FSC in Belize
- Higher risks associated with offshore brokers
- No top-tier regulatory oversight
Is Axiory Safe and Legit?
Axiory, established in 2012, is a forex broker registered in Belize, offering trading in forex, commodities, and CFDs with leverage up to 1:2000 and spreads starting from 0.00003. The broker utilizes multiple trading platforms, including MetaTrader 4 and MetaTrader 5, catering to a diverse range of trading strategies and preferences.
Axiory is regulated by the Financial Services Commission (FSC) in Belize, which provides a basic level of oversight but is considered less stringent than top-tier regulators. Consequently, while it operates legally, potential clients should be aware of higher risks associated with trading with an offshore broker.
Market feedback on Axiory indicates mixed user experiences; while some users appreciate the low minimum deposit and customer service responsiveness, others have reported delayed withdrawals and issues with account verification. Complaints regarding withdrawal processes have been prevalent, suggesting a need for caution among prospective traders looking for reliability and efficiency in fund management.
Is Axiory a Regulated Broker?
What Are the Regulatory Licenses Held by Axiory?
Axiory is a forex broker regulated by the Financial Services Commission (FSC) in Belize. This regulatory status indicates that Axiory operates under offshore regulation, which may not provide the same level of oversight as more stringent, top-tier regulators. Potential clients should be cautious, as trading with an offshore broker often involves higher risks associated with regulatory protections.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| FSC | Financial Services Commission | Axiory Global Limited | Active | RA000693_127090 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Axiory prioritizes the security of client funds by holding them in independently regulated bank accounts that are separate from the broker’s own assets. This practice aligns with the regulations set forth by the Financial Services Commission (FSC) in Belize, designed to enhance fund safety for traders.
Axiory Leverage
The maximum leverage offered by Axiory is up to 1:2000 for certain account types, compliant with local regulatory requirements. The broker provides different leverage multiples based on account classifications, catering to both retail and professional clients, thereby accommodating a variety of trading strategies.
Axiory Withdrawal Review
How to Contact Axiory?
Axiory has garnered mixed reviews from users, particularly regarding withdrawal issues. Common complaints include delayed withdrawals, with some users reporting that their funds remained ‘In progress’ for extended periods. Credible sources of these complaints can be found on various trading forums and review platforms. The broker’s handling methods for complaints appear varied, with reports of slow response times. Notably, there are repetitive complaints about the withdrawal process, indicating a pattern of issues. However, there is no record of regulatory penalties or warnings specifically tied to these complaints, which suggests that while there are concerns, they have not escalated to regulatory action.
Frequently Asked Questions
A1: Yes, Axiory is a forex broker that operates legally under the Financial Services Commission (FSC) in Belize. However, potential clients should be aware that the FSC is considered an offshore regulator, which may not provide the same level of oversight as top-tier regulatory bodies.
A2: Axiory holds client funds in independently regulated bank accounts that are separate from its own assets, adhering to regulations set by the FSC in Belize. This practice is intended to enhance the safety of client funds.
A3: Users have reported mixed experiences with withdrawals from Axiory, commonly citing delays where funds remain ‘In progress’ for extended periods. These complaints highlight potential inefficiencies in the withdrawal process, suggesting caution for prospective traders.
A4: Axiory offers several contact methods for support, including email, phone, live chat, and a contact form available on their website. They also provide a comprehensive FAQ section to help answer common questions.
A5: Axiory requires a low minimum deposit of just $10 to open an account, making it accessible for new traders looking to start their trading journey.
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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.