Established back in 2007, Axiory is an STP/ECN retail forex broker offering online trading in more than 60 currency pairs, precious metals, and various other CFDs through the MT4, cTrader platforms and MyAxiory platforms to trade. The company behind the brand, Axiory Global Ltd., is licensed by the International Financial Services Commission (IFSC) of Belize. Is Axiory a reliable Forex broker or is it a scam broker? Find out more with AtoZ Markets Forex broker review of Axiory.
Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it. This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience with an overview about a brokerage firm. In this review, we host the Axiory forex broker.
Based on their website, Axiory Global provides innovative worldwide brokerage services supported by Purple Technology. They have a vision for changing the rigid principles in the financial sector and ideas for breaking down the established status-quo. The most important factors for professional traders are the speed of execution and market depth. These were the main things we had in mind when we were building the new execution infrastructure.
Axiory traders can now trade within milliseconds using the MT4 platform or the Fortex Web-based platform. The MT4 servers are hosted by the world’s biggest hosting centers, such as Equinix in London (LD4) or Tokyo (TY3). In addition, the execution core uses co-located low latency connectivity with the liquidity providers and top tier banks.
Like other forex brokers in the market, Axiory provides MetaTrader 4 terminal to their clients which allow users to trade in the financial markets (Forex & CFD). It provides the necessary tools and resources for analyzing the pricing dynamics of financial instruments, making trade transactions, and creating and using automated trading programs (Expert Advisors). In addition to that, Axiory has developed MyAxiory trading platform, which is an online interface that allows traders to see and manage their accounts. With this simple interface, investors can see their performance, manage their funds and open new accounts. There is even offer a tight integration with MultiTrader that allows them to connect to any trade in just a few clicks. MyAxiory is an online client zone taken to the next level. It has been optimized for PC’s and Tablets and offers account analysis.
Axiory offers four types of accounts for their clients, they are Standard account type, which is an extremely transparent account type using the STP market system, an ECN account with low spreads, VIP account, and a Money Manager account.
Standard account is the most used account in Axiory. It is an excellent fit for a large number of traders, from beginners to professionals. Trading starts from 0.01 lot; there are no transaction fees and the initial deposit amount is $200. ECN account has the minimum initial deposit of $200 as well but it has very narrow spreads, and transaction fees are paid $3 per lot.
The minimum initial deposit for Axiory’ clients is $100, which is an average amount to start with. For Forex trading instrumentsthe leverage is up to 1:400 (1:300 for accounts over 100 000 USD) and the overall minimum deposit is $100.
There are four trading accounts: STP / Direct Interbank Market Access account with spreads from 0.9 pips without commission; ECN account, with spreads from 0.1 pips with a commission; VIP account and a Money Manager account.
Conditions in detail
Trading model: STP & ECN
Decimal Pricing: Five digits
Lot size: 1 lot = 100,000 units
Minimum deposit: $100 USD
Type of execution: Market
Deposit & withdrawal methods: Bank wire transfer, Cards, Neteller, Skrill, Bitpay
Spread type: Variable from 0.2 pips
Leverage: up to 1:400 (1:100 for accounts over 10,000 USD)
Expert advisor: Allowed and enabled
Hedging and scalping: Yes - all styles
Account Currency Base: USD, EUR or JPY
Financial instruments: over 30 currency pairs with Gold (AU), Silver (AG), and CFD’s
Representatives are available to help traders and investors via email, chat and local telephone numbers in the Singapore, Philippines, Malaysia and Dubai. Contact can be made to the instant numbers provided in the UK.
Axiory is regulated by IFSC and maintains segregated accounts and strict verification procedures for all clients. With this name, it is regulated by Belize International Financial Services Commission (IFSC) under the license number IFSC/60/255/TS/19. This company comprised the great team of brokers and experience in account management to provide a friendly, personal and reliable trading experience. As it is a regulated company, Axiory keeps segregated accounts and strict verification procedures for all its clients. However, it is important to mention that Axitory does not accept US citizens, which is clearly stated on their website.
Axiory is an offshore broker with 10 years of experience and a good overall reputation. It offers online STP/ECN online trading through 2 great platforms - MT4, cTrader, and MyAxiory trading platform. We, at AtoZ Markets which provide totally unbiased reviews of the forex broker. By doing intensive research of the Axiory forex broker, we have learned that Axiory is a reliable forex broker. However, based on your requirements and choice you should figure out by looking to the pros and cons, costs, customer support, etc before opening an account with Axiory.