Axiory Broker Review For 2023

Axiory Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	FSC, FCA
💰 Minimum Deposit	$10
💳 Deposit Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
💳 Withdrawal Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
📌Open an account	Start Trading with Axiory

About Axiory

Axiory is an established and successful online forex broker. The company was first set up in 2011, and is now an international company with offices in Belize. They are an award-winning business with an excellent reputation and a large client base.

When it comes to online trading. Axiory has great trading accounts and good trading conditions. They have two main account options – both of which have good leverage, fair pricing, and fast trade execution. They also have a nice selection of trading instruments – including 300+ forex, metals, energies, CFD indices, CFD stocks, equities, and ETFs.

When it comes to their trading technology, Axiory offers some of the top online trading platforms. They also provide free copy trading services, and many other helpful trading tools. They also offer good educational resources, helpful market analysis, and great customer support. In our opinion, they are a trustworthy forex broker and well worth considering.

Regulation and Safety

Axiory is registered with several different financial authorities. This means that they operate under regulatory oversight. Thanks to its licences and registrations, Axiory is able to offer online trading services to many countries worldwide. Here are the full details: 

• FSC (Belize) – It has a licence from the International Financial Services Commission of Belize, with licence number 000122/163. The FSC is a statutory body that regulates, supervises, and enforces regulations relevant to international financial service providers.
• FSC (Mauritius) – It has a licence from the Mauritius Financial Services Commission, with licence number GB21026376. The FSC regulates and supervises the development, fairness, efficiency, and transparency of financial institutions and capital markets in Mauritius.
• FCA (UK) – The Axiory CopyTrade platform which is a white label of London & Eastern LLP, is authorised and regulated by the FCA, under licence number 534484. The FCA regulates the UK financial services industry with the aim of securing a degree of protection for traders.

Forex Regulations 

Forex traders can register under the FSC-licensed business entity. Axiory delivers an excellent service and a high level of client fund protection. Axiory also goes beyond their regulatory requirements and strives to offer the best possible data and fund security. It places a high value on transparency, and for added reassurance, hires a third-party auditor to check its account management.

Client Fund Safety

Axiory takes client fund protection very seriously. They keep client funds in segregated accounts – separate from their own business funds. This means that they keep your money safe, with reputable banks  and do not use it for their own business purposes. They also offer a secure platform. This means that they offer a high level of data protection, as well as secure payment options for your trading.

Industry Awards

Axiory is an award-winning forex company that has won many accolades in recognition of its great service. Some of their most recent industry awards include:

• Excellent In Customer Service (International Investor Magazine)
• Most Transparent Forex Broker – Asia (Ultimate Fintech Awards)
• Most Transparent Forex Broker – Asia (Global Forex Awards – Retail)
• Best New Forex Brand (Global Brands Magazine)

Axiory: Legit or Scam?

Axiory is a legit forex broker. They have been working in the forex industry for over 10 years and they have earned the trust of many forex traders worldwide. With regards to their safety, they are a regulated forex company and they offer a good level of client fund protection. With regards to their online trading services, they have good account options and fair trading conditions. They also have a good range of payment methods and a fast withdrawal process. In our opinion, they are a fair and trustworthy forex broker.

Trading Instruments

It offers over 300 trading instruments. You can trade currency pairs, metals, energies, CFD indices, CFD stocks, equities, and ETFs.

• Forex: Axiory has a great choice of forex instruments. You can choose from 40+ currency pairs including major, minor, and exotic pairs.
• Shares: They offer a great range of CFDs on shares. They have many popular brands like Nike, McDonalds, Coca Cola, and Tesla.
• Indices: Axiory has a good selection of indices available for both equities and oil. You can choose from many popular indices across the UK, American, European, and Asian markets.
• Energies: They also offer CFD trading on energies. You can trade many of the popular energy instruments including US Brent, WTI, and natural gas.

Axiory also offers exchange stocks and exchange ETFs. You can find more information about the trading conditions available for each of the asset classes on the website. You will be able to see the trading hours, contract type, and minimum lot size.

Axiory Accounts

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Nano	From 0.2 pips	$10	1:400	$6 per lot
Standard	From 1.2 pips	$10	1:400	$0 per lot
Max	From 1.8 pips	$10	1:777	$0 per lot
Tera	From 0.2 pips	$10	1:400	$6 per lot
Alpha	From 0.0 pips	$10	1:1	$0 per lot

Axiory has four different trading accounts available for forex trading. These include the Nano Account, the Standard Account, the Max Account, and the Tera Account. They also have a demo trading account, an Islamic trading account, and an Alpha trading account.

Nano Account

The Nano Account is a great options for beginner traders  The Axiory minimum deposit for this account is $10. As such, it is a great option for traders with less experience and less trading capital. It comes with an average spread of 0.00003 on EUR/USD. It also comes with high leverage of up to 1:400. There is a small commission of 6 USD/lot. The minimum trade volume is 0.01 lots. There is no limit on the maximum number of open and pending trades. The base currencies are EUR and USD. It is worth noting the Nano Account is only available on MT4 and cTrader.

Standard Account

This is a great account for new traders. It hss an average spread of 0.00013 on EUR/USD and there are no commissions on forex instruments. As such, it offers easy market access with low trading costs. They also offer high leverage, good connectivity, and fast trade execution. There is no limit on the maximum number of open and pending trades. In terms of platforms, the Axiory Standard Account is available on both MT4 and cTrader. The base currencies are EUR and USD.

Max Account

This is a nice account for experienced traders. It has an average spread of 0.0002 on EUR/USD and there are no commissions on forex trading instruments. As such, it has good trading conditions. It also comes with high leverage of up to 1:777. As with the other accounts, the minimum trade volume is 0.01 lots and there is no limit on the maximum number of trades. The Axiory Max Account is available on both MT4 and cTrader.

Tera Account

This is a good account for more advanced traders. It has an average spread of 0.0003 on EUR/USD and there are no commissions fees on forex trades. As such, it is a fairly low cost option. It also comes with high leverage of up to 1:400. As with the other accounts, the minimum trade volume is 0.01 lots and there is no limit on the maximum number of trades. The base currencies are EUR and USD. The Axiory Tera Account is only available on MT5.

MT5 Alpha Account

The MT5 Alpha account is a comparatively new addition to the Axiory account range. It offers trading on specific instruments – exchange stocks and ETFs. It comes with 1:1 leverage and commissions from 1.5 USD/lot. As with the other Axiory accounts, it also has negative balance protection and an unlimited maximum number of trades. It is important to keep in mind that you can only trade on the Axiory Tera Account if you use MT5.

Demo Account

Axiory offers a demo trading account. With this account, you can learn about the forex market and practise trading in a risk-free environment. It is free to open. This is because the demo account comes with $10,000 in virtual credit, and you cannot use it to trade with real money. It is available on all three of their trading platforms – MT4, MT5, and cTrader. The account is designed to imitate real market conditions. As such, you can also trade with leverage and test multiple different trading strategies.

Axiory Base Currencies

Axiory only has two base currencies for its accounts – these are USD and EUR. This means that you may have to pay conversion fees on your deposits and withdrawals.

Axiory Leverage

The leverage available depends on what you want to trade. For example, the maximum leverage available on forex instruments is 1:777. For some instruments, such as indices and metals, the maximum leverage is 1:100. And for other instruments, like stocks and ETFs, the leverage is 1:1. You should always check your available leverage before making any trading decisions.

Axiory Spreads

The Axiory spreads are quite good and in line with what you would expect from a regulated broker. The spreads available depend on what account you choose, and what instruments you want to trade. For example, for EURUSD, you can access average spreads of 1.80 on the Max account, 0.2 on the Nano account, 1.20 on the Standard account, and 0.20 on the Tera account. There are average spreads of 0.0 on the Alpha account.

Axiory Commission

Axiory commissions are quite low. The commission charged depends on which trading account you choose. For example, for EURUSD, you might get an average commission of around $6 per lot on the Nano account and the Tera accounts. However, due to their account structure, you can get zero commission trading on Max account and the Standard account.

Axiory Registration – How To Open Axiory Accounts

As part of our forex Axiory review, we checked their account requirements and account registration process. The whole process is fairly quick and straightforward. The first step is to go to their website and fill in the online registration form. This is so that they can gather some basic personal data and start creating  your online trading account. 

The next step is to provide an email address and account password. This is so that they can create your login details. The third step is to take  a short online trading quiz. This is so that Axiory can see how much you know about forex trading. All you need to do is answer a few questions to show Axiory that you know how to trade. If you pass the test, you can proceed to account verification. If you fail the test, you can simply try again.

Axiory Registration – How To Verify Axiory Accounts

As part of the account registration process, Axiory also needs to check your identity. For this reason, they ask you to submit copies of certain documents. This is standard procedure for all regulated forex brokers. You will need to provide a primary form proof of ID. This could be a copy of your passport or driving licence. You will also need to give them a secondary form of ID. This could be a utility bill, a bank statement, or a government issued tax document. Once Axiory has checked your documents, they will then approve and verify your account.

Axiory Bonuses

Axiory offers regular offers and bonuses – including some very generous forex bonuses! The most recent Axiory welcome bonus was a 100% bonus up to $700.

Payment Methods

As part of our Axiory forex broker review, we checked which payment methods are available. As the Axiory minimum deposit amount is quite low, it is easy and affordable for most people to open an account. Axiory also has many convenient payment methods, including popular e-wallets.

Axiory Deposits

You can add funds to your account using debit cards, credit cards, and international wire transfer. You can also add money using Stickpay, Netteler, Skrill, VLoad, ThunderXPay, and other deposit options. Axiory has low minimum deposit requirements. This makes them a great option for new traders. For example, for most traders, you can expect minimum deposits of just $10 on the Max account, the Nano account, the Standard account, and the Tera account.

Axiory has reliable payment methods and quick deposit times. The service is in line with what you expect from a reliable forex broker. For example, deposits made with Visa, SticPay, Neteller and Skrill are instant. Whereas deposits made using debit card and credit card usually take one working day.

Axiory has good policies when it comes to deposits. They don’t charge any deposit fees –   which is what you would expect from a good broker. Deposits via Visa, SticPay, Neteller and Skrill are free. Deposits via debit card, credit card, and bank transfer are also free. That said, it is important to keep in mind that banks and other payment processors might choose to add their own fees, and you will need to cover those costs.

Axiory Withdrawals

Axiroy withdrawal times are generally quite good. Withdrawals made using Visa, SticPay, Neteller and Skrill are instant. Withdrawals made using debit card and credit card are also instant. Withdrawals done via bank transfer can take up to 3-10 business days. You can take money out using any of the available payment methods. You can use debit cards, credit cards, and international wire transfer. You can also use Stickpay, Netteler, Skrill, VLoad, ThunderXPay, and other popular deposit methods.

Axiory doesn’t charge any withdrawal fees. Withdrawals with Visa, SticPay, Neteller and Skrill are free. Withdrawals with debit card, credit card, and bank transfer are also free. However, it is important to keep in mind that  payment processors might choose to impose their own fees, which you will need to pay. Axiory has quite fair withdrawal policies. For example, the minimum withdrawal amount is only $10. And there is no maximum withdrawal amount.

Axiory is a reliable forex broker and has good client fund protection in place. In order to meet their regulatory responsibilities, and in order to protect client funds, Axiory insists that all Axiory must be sent to a bank account or to a financial account held in the trader’s name.

Axiory Trading Platforms

Axiory has some of the top online trading platform providers in the forex industry. They have MetaTrader4, MetaTrader5, and cTrader. And there are multiple device options available. This means that you can also access all these platforms via desktop, tablet, and mobile, giving you full control over where you trade.

• MetaTrader4 – The Axiory MetaTrader4 (MT4) platform has a nice range of trading tools for new traders. It has a user-friendly design that is easy to navigate. You get access to many different financial instruments including forex, stocks, and indices. You also get access to 4 order execution types, 30 technical indicators, and 23 analytical objects. That means it is really easy to analyse prices and to set up trades.
• MetaTrader5 – The Axiory MetaTrader5 (MT5) platform has an even bigger selection of tools for forex traders. It has a slightly more advanced interface. You can use it to trade many trading instruments including forex, shares, commodities, and ETFs. The Axiory MT5 trading platform also has many important features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly better functionality and more tools to work with.
• cTrader – cTrader is an advanced trading platform. It comes with a simple interface and lots of built-in tools. As with MT4 and MT5, you get access to their great range of CFD trading instruments including forex, metals, and stocks. cTrader also comes with 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools. As such, it is an excellent trading platform that you can use to carry out market analysis and execute your trades.

Trading Education

As part of our Axiory review, we checked what educational materials are available for new traders. Axiory offers great educational support. It has a large selection of free trading articles, guides, videos, and trading webinars. It also has an online Academy that offers free educational courses to Axiory traders. They teach you all the basic terminology such as pips, margin, leverage and spreads. They also show you how to open an account and how to make your first trades. For more experienced traders, they also cover advanced technical analysis strategies and risk management techniques.

Axiory Trading Tools

Axiory aims to offer some of the best, most cutting-edge online trading tools in the industry. They have trading calculators and an economic calendar. They also have a copy trading platform and free market analysis tools.

• Economic Calendars – The Axiory economic calendar includes all of the top economic data releases and market updates from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes monitoring market news and predicting price movements much easier.
• Trading Calculators – They have a range of trading calculators that you can use to plan your trades, manage your risk, and implement more effective trading strategies. The available trading calculators include a margin calculator, a pip calculator, a currency calculator, a swap calculator, and a profit calculator.
• Axiory CopyTrade – This is the copy trading tool. You can use it to follow other traders and copy their trades. Simply choose the trader you like, set your trading amount, and click copy. This tool will enable you to discover new strategies, make easier trades, and generate better results.
• AutoChartist – Autochartist helps you analyse the market through a wide range of tools and features. It comes with alerts that help you spot new trading opportunities. It also comes with chart pattern forecasts and automated analysis. As such, it is very helpful for new traders who need help staying on top of trends.

Axiory VPS Trading Services

The company also offers a VPS service. This is great for traders who want more stability and flexibility. It enables you to trade with better technical conditions and more consistent connectivity. You can use their VPS services to run automated algorithmic strategies, including Expert Advisors, on a virtual machine. You can also use it to reduce the risk of downtime due to power failures, connectivity issues, and computer shutdowns.

Axiory Trading Hours

Axiory operates during standard trading hours. You can open trades whenever the forex market is open. Trading hours may vary on public holidays.

Axiory Customer Support

As part of our Axiory review, we tested their customer support to see if it is suitable for new forex traders. We think Axiory offers a good level of customer service. The customer support team is available from 07:00 until 15:00, Monday to Friday.

Our Verdict

Axiory is a reputable forex broker with a solid reputation within the industry. It has won many several forex awards, for both its trading services and its trading conditions. They have a nice range of account types. As a forex broker that focuses on technology, they offer a good choice of trading platforms and many helpful trading tools. They also offer excellent educational resources and trading support. Axiory is therefore suitable for both novice and experienced traders.

Conclusion

Axiory is a well-established broker with a good reputation within the industry. It has won many prestigious awards for its services and its great trading conditions. As a broker that invests heavily in trading technology, it offers a good choice of trading platforms and many helpful trading tools. It also offers excellent educational resources and trading support. It is therefore suitable for both novice and experienced traders.

Axiory Forex Broker Review – FAQ

Axiory Forex Broker Review – Similar Brokers

Axiory is a great choice for all forex traders. However, if you want to consider all your options, there are also many other forex brokers in Nigeria. Here are some similar brokers.

Looking for more options? Here is our full list of forex brokers.