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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

Axiory

Axiory open an account

Axiory is a forex and CFD broker that works internationally but registered in Belize. However, they were established in 2011 and started the operation in 2012. Although Axiory started the operation in Belize, they expanded globally to countries such as Singapore, Dubai, and more.

Over the years, Axiory Global has developed a competitive trading environment via some effective intelligent and state of the art technology. Their independent non-biased, news portal Axiory intelligence is run by a team of professional and talented of analysts who produce daily video updates, fundamental and tech analysis, live news updates, training sessions, educational content, and more.

Axiory offers state-of-the-art-technology and always seeks the best technological offerings for traders, which ultimately boosts their trading opportunities. It also provides live data based on current market events along with the best possible quotes.

Superior technology and a responsiveness team are the main base of Axiory, through which they are providing extraordinary brokerage service all over the world. You will explore more of their service and offerings in this Axiory review. Read on to enlighten yourself.

Axiory open an account

Markets Offered by Axiory

A wide range of markets adds a competitive advantage. The offered markets include 60+ currency pairs, major CFD indices, precious metals, and CFD stocks. The good thing about a wide range of markets is that you can start trading any of these instruments right away, and there is no prerequisite. However, you should have at least a bit of experience to start promptly. On the other hand, if you shy away from trading, Axiory offers education which will be discussed later in this review. Let's get into the details of each of the offered markets.

Forex

The forex market, also known as FX, works on a decentralized trading environment, which is available 24 hours for 5 days. Axiory will give you access to 60+ currency pairs along with different trading tools. Additionally, you can invest in the $6.6 trillion market without physically having to own anything. Axiory also offers CFDs (contract for difference), which may get you to profit for both negative and positive movements by allowing you to go for a long or short position. Besides, you will enjoy leverage up to 1:777.

CFD Indices

CFDs offered by Axiory Global will provide you with all the major stock indices from all over the world, where you can make a profit from the price movement of any major stocks. Additionally, you can generate profit from the price movements of top companies without actually owning their shares. That’s because a CFD indices’ price is considered from the underlying assets, and traders can easily speculate on the price difference. However, you don't need a huge capital to invest in CFD indices with Axiory; you can start with a small investment and increase gradually.

Energies

In today's world, there is a high demand for energies such as natural gas and crude oil. These are the most common energies that have been trading, and prices depend on the environmental and geopolitical situation of the world. Furthermore, the demand for energy is always high in any prosperous economy, which eventually makes the energy markets volatile. Axiory's energy instruments provide the opportunity to trade with financial leverage. So, a lower initial capital is enough to start energy trading.

Metals

For less risky investments, there is no other alternative than metals. Afterall, precious metals such as platinum, gold, or silver are considered as investments for the future. With Axiory Global you can invest in silver and gold with leverage up to 1:100, while the leverage is 1:20 for palladium and platinum.

 

How does Axiory Work?

How does Axiory Work?

After analyzing different Axiory reviews, we became aware that they provide services to both retail and corporate clients. However, the working procedure is easy for both types of clients. Let's see their approaches.

Customer Onboarding

The registration process is simple and fast. Axiory Global uses a modern verification method called Jumio to verify the client's information before approving an account application. With this process, they have tried to reduce the account opening process, and anyone with a valid ID can open an Axiory Account within less than 10 minutes.

The customer onboarding process can be done in 5 steps.

  1. First of all, you will have to start by filling the online form, and it’s a piece of cake. You will need to have a valid ID (passport, driver's license, etc.) and a document to verify your address (utility bills, bank account or tax documents, etc.)
  2. In the next step, you will have to submit all your documents. You can upload scanned or photographed documents via the Jumio verification method. However, make sure all the documents are clearly visible and then upload them to the server.
  3. After uploading the valid documents, your account will get approved automatically, and you will get your login info via email. The login info is needed for the MyAxiory client zone and the trading platform. So, make sure you check your inbox to get the login details.
  4. Once the account gets approved, fund the account to proceed with trading (we will discuss the possible funding methods later).
  5. The final step of onboarding is trading.

Axiory open an account

Jumio Verification Process

The verification process for the Axiory Global account needs two kinds of documents; ID and proof of residence. These are necessary as per the regulatory authorities to protect from money laundering activities.

Identify Verification: The identity verification documents include any passport, government-issued ID, or driver's license, in which your name, photo, and date of birth are mentioned. Make sure that none of these documents are expired.

So, when you fill the form to open the account, Jumio verification will allow you to upload any of the IDs. You may upload it by taking a live picture or previously scanned copies. To upload with the right chronology, you can follow the instructions on the screen.

However, Jumio may decline the verification if the submitted documents are blurry or unclear. They also reject the documents if there are discrepancies between the country of issuance and your answer.

Proof of Residence Verification: Verify proof of residence for Axiory is tricky as your name should be on the document, which is issued by a third party. Besides, the address and name must be visible on the documents, and it cannot be older than 6 months.

Proof of residence documents includes electricity or water bill, phone bill, credit card or financial organization bills, residence permit (if you are not a citizen of your present country), and any documents related to tax, where your name and address are visible.

Corporate Clients

Unlike retail trading, the corporate account with Axiory Global offers a lot of opportunities and benefits. Some of the benefits are personal fund operator, exclusive spreads, tax-advantages, low trading volume, and a minimum deposit of $100. However, the low trading volume ensures the lot size is as low as 0.01 lot, which is similar to other Axiory account types.

To become a corporate client, one needs to provide proof of identity, proof of address, and company documents. A complete list of required documents is available on the Axiory website.

Axiory Review on Trading Conditions

Axiory Review on Trading Conditions

The Axiory trading conditions include spreads, swaps & dividends, negative balance protection, trading infrastructure, trading statistics, economic calendar, holiday trading schedule, and leverage. Find the details of these trading conditions.

Spreads, Swaps & Dividends

Axiory offers floating spreads on their assets. As a result, the price may fluctuate considering various situations, such as trading sessions, time, liquidity, and market movements. However, you may also get wider spreads as well as narrow spreads. So, you have to understand the market via Axiory trading resources to get favorable trading conditions.

Moreover, spreads also depend on the account types. We will discuss the account types later in this article so that you can decide the account according to your needs and determine the underlying spreads.

CFDs are subject to distributes dividends, which will be debited or credited from the account depending on the short or long position as well as the type of indices you are trading.

Negative Balance Protection

Forex trading is risky, and at the same time, it is profitable too. However, Axiory takes all the safety measures to reduce the risk from the client's end. The safety measures include stop out, take profit, margin call, and negative balance protection.

The negative balance protection feature is revolutionary as it will never let the account exceed the overall investments. So that, whatever amount of money a client deposits will be equal to the total investment, and the client's balance will not be negative. The goal of negative balance protection is to never let you lose more than the amount you have invested.

Trading Statistics

Axiory is transparent about everything. Keeping transparency in mind, Axiory provides trading statistics on their website. The statistic shows the comparison of execution time and slippage distribution over the past two years. You can see the stats for each month also the comparison on Execution time vs. Slippage.

Trading Infrastructure

A stable and fast trading infrastructure leads to faster execution. Many Axiory reviews suggests that it maintains a high execution speed, and there is no order execution queue. Orders are completed right away.

The forex trading market keeps changing constantly, and traders need to take action rapidly to cope with the market. With that being said, a shaky trading infrastructure will not give you an advantage while trading. Thankfully Axiory has outperformed with its trading infrastructure. They have servers and execution cores in different parts of the world, which provide a top-notch trading environment and bring out the maximum potential.

Furthermore, Axiory's trading infrastructure is so stable that it will give you peace of mind. The high-performance data center can give you access to Axiory broker anytime from anywhere in the world.

TRADE WITH A 50% BONUS

 

Economic Calendar

The economic calendar at Axiory will let you know any everyday economic events that are happening in different parts of the world. Additionally, you can see past and future events. This ultimately helps you make trading decisions or change trading strategies. The advanced filter option lets you to choose from a wide range of options.

Holiday Trading Schedule

Usually, major exchanges remain closed during any public holidays, which might affect a trader's strategy. To keep the trader with the flow, Axiory informs their clients about any holiday hours or operation schedule. Once you open an account, you will be on their email list, and you will get a holiday trading schedule prior to any upcoming holidays. Additionally, you can also see the holiday schedule from your account too.

Leverage

Usually, you can benefit from leverage when you want to trade with a large amount of money. However, leverage can lead you to lose too, and it is better if you can try a range of leverage. And, with that in mind, Axiory provides various ranges of leverage so that traders can reduce the loss. Leverage can be as low as 1:1, and as high as 1:777. So, you can choose the leverage that best suits you.

Trading Platforms

Axiory offers two types of trading platforms, MetaTrader 4 and cTrader. Although the purpose of both platforms is the same, the service options are slightly different from each other.

Axiory MT4

MT4 is one of the most popular forex trading platforms in the world that offer almost everything a trader needs while trading. However, along with Axiory, MetaTrader provides a new dimension to traders.

Axiory MT4 comes with multiple built-in indicators as well as some flexible tools to help with technical analysis. Additionally, it provides traders with the opportunity to make their own expert advisors (EAs). Some of the advantages you will get from using MT4 are:

  • Use EAs without any restriction.
  • High capability of order execution.
  • More than 50 built-in indicators.
  • Use it on a desktop computer by downloading the software.
  • Available on mobile devices.
  • Accessible on any browser via a web trading platform.

Axiory open an account

cTrader

cTrader is a dynamic trading platform, which has been operating for the last 10 years. Axiory’s review of the platform gives us the idea that the platform utilizes the technology perfectly. cTrader focuses on traders' experience and helps the traders to trade effectively and manage the risk.

cTrader offers an innovative approach to managing the account through cTrader ID. Additionally, other features are:

  • User-friendly and modern interface.
  • Single email and password for all accounts, which is maintained by cTrader ID.
  • Pin your favorite symbol or timeframe for quick access.
  • 60+ native indicators.
  • Trading automation features.
Trading Tools

Here are the tools offered by Axiory:

MyAxiory

MyAxiory is the client-zone which is an account management platform from Axiory broker. The client-zone is designed based on clients' feedback over the years. The user-friendly interface can roam you within the apps promptly, which makes your trading life easier.

Via MyAxiory, you can add funds to your account, change the leverage, open new accounts, and make withdrawals with a few clicks. The MyAxiory app supports the following features:

  • Prompt login
  • Deposits and withdrawals.
  • Open an additional account, including a demo account.
  • Change the leverage.
  • Transfer funds among the accounts you own.
  • Observe your trading activity.

TRADE WITH A 50% BONUS

 

Calculator

With the calculator feature, you can calculate the needed margin to open and hold a position. You will just have to fill the boxes with proper data such as currency, asset class, instruments, and volumes. Once you put all the data, click on "calculate", and it will give you the required margin.

However, you will find the formula on their website.

Autochartist

It is a plugin from MT4 that helps monitor markets, spot trend patterns, and take trading opportunities. However, Axiory Autochartist is a powerful technical analysis tool.

With Autochartist, you can analyze the market with a variety of tools and features.  Some other features you may delight in are-

  • Get real-time alerts on trading, and you will not miss any opportunities for trading.
  • See the expected price movements via chart pattern forecast.
  • You can customize the relevant searches through the filtered search feature.
  • Autochartist will provide you with trading patterns that also boost your automated trading experience.

However, as a new trader, you might not have enough experience with Autochartist. With that in mind, Axiory provides live webinars, video guidelines, and installation support to get you started.

Axiory Strike Indicator

Strike indicator comes in handy for predicting trading trends. Moreover, its mathematical model analyzes big data that helps identify the current trend of the market.

Axiory strike indicator is very easy to use, and it will do all the tough task for you. Your only job will be to observe the red and blue colors. The red color indicates a downtrend, while the blue shows an uptrend.

Let us see the working method of the Axiory strike indicator.

  • When you see any changes in the colors, you can assume there’s an upcoming trend.
  • You may see to the end to get the accurate signal.
  • Trends can be identified and start right away.
  • It provides the lowest false signals.

Currency Indices

Axiory provides currency indices for all the major forex symbols. The currency indices actually show the value of a specific currency while it monitors and measures exchange rate changes. As a result, it helps to evaluate the strengthened or weakened currency pair.

Account Types

Accounts in Axiory can be classified as a demo account, live account, and Islamic account.

Demo Account

Before starting a live account, you can give it a try with a demo account, which is almost the same as the live accounts. On the Axiory demo account, you can trade with virtual money, which will be given to your account, but you will not be able to withdraw anything from the demo account. Besides, a demo account will give you the opportunity to check out strategies, technical and fundamental analysis. Additionally, a demo account will help you make decision whether you want to invest or not.

Live Account

Axiory offers three types of live accounts, nano, standard, and max. You can use any of the platforms we have talked about earlier. However, the spread and leverage vary on each account. And, the minimum deposit is also different. For example, the minimum funding is $100 for both nano and standard accounts, while it is $50 for a max account.

Axiory open an account

Islamic Account

According to the Islamic faith, anything related to interest is forbidden. So, most Muslims refrained from forex trading due to interest. Keeping the Muslims in mind, Axiory offers a swap-free account, which doesn't incur any interest. However, this account charges on per lot transaction. All three accounts we have mentioned above can be used under the Islamic account conditions.

Trading Academy

Axiory's trading academy provides multi-leveled lessons for traders. The academy has dozens of educational article series with a step-by-step guideline for forex trading. Besides, the articles are designed with proper research so that anyone can read and understand them and go from zero to hero.

Axiory Review: Deposit & Withdrawal Methods

Every trader wants easy and user-friendly deposit and withdrawal methods, which is one of the top priorities while selecting a broker. However, Axiory Brokers have taken this point seriously and introduced a few easy methods for funding as well as deposits.

The deposit and withdrawal methods include debit or credit cards, international wire transfer, BitPay, Neteller, Skrill, and more. However, except for the bank transfer, all the funding methods are instant. A bank transfer may need 3-10 business days depending on your location.

On the other hand, for the withdrawals, processing times are mixed. For example, cards and wire transfer take 3-10 business days, BitPay may take 1-5 business days. But, withdrawals via Neteller, Skrill, and VLoad are immediate.

Moreover, Axiory charges $10 for transactions, under $200. Besides, the charge is $15 for international wire transfers.

Transparency & Safety

Axiory broker has taken all the safety measures along with transparency about their procedures and fees.

  • They don't have any hidden charges, and there is no price manipulation.
  • They are transparent about all their data.
  • For the security of customers' funds, they keep all funds segregated.
  • They have a customer compensation fund so that clients don't need to worry about the broker's bankruptcy.

Support

Axiory offers quick customer support via phone call, live chat, email, and a contact form available on the website. Besides, they guarantee human interaction whenever you contact them. Axiory's customer support is available 24 hours a day and 5 days a week.

Moreover, you can contact customer support based on your location as they have phone numbers and emails for different countries.

Established: 2012Website: www.axiory.com
Address: No.1 Corner of Hutson Street and Marine Parade Belize City, Belize.Regional Offices: Belize.
Mobile Trading: AvailableRegulators: IFSC, IFSC
Minimum Trade Size: 0.01Prohibited Countries: US
Maximum Leverage: 777:1ECN: Available
Minimum to Open Live: $50Currencies: 60+
Trading Platforms: MT4, cTraderCryptocurrencies: Not Available
Robots: AvailableCFD: 55+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities
Scalping: AllowedWeb Trading: Available
Deposit Methods: Bank Wire, VISA, BitPay, Neteller, Skrill, SticPay, VLoadWithdrawal Methods: Bank Wire, VISA, BitPay, Neteller, Skrill, SticPay, VLoad

Conclusion

Axiory is highly regulated by the International Financial Services Commission (IFSC), which oversees the broker and ensures traders' safety. So, it is safe to say that Axiory is a safe broker. Besides, the features and benefits you will get from Axiory will definitely give you a cutting-edge opportunity to experience a high-quality trading environment.

The variation of the platforms also boosts trading regardless of the initial investment.

So, you are getting all the features a forex broker should have. Why don't you give it a try yourself?

Axiory open an account

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