Axiory is a brokerage that operates online. Its main services aim deliver trading landscapes conducive for advanced transactions across all asset markets.
Before we present the entirety this Axiory brokerage review, let us first peruse the firm’s set of strengths and weaknesses as an overview of how it fares.
Multiple funding options
Transparent trading fees
A competent Demo account
Incomplete market coverage
Limited trading jurisdictions
No MT5 platform
Let us further take on Axiory’s major facets and see how it can be maximized.
Background & Regulatory Status
Axiory Global Ltd. is registered and sanctioned by the IFSC. Axiory expanded over the next years.
Axiory offers a remedy plan of €20,000 dispute fund for every case complemented by protection to clients from negative balance, something an apparent benefit from being a part of the Financial Commission.
Axiory is among the select financial firms that has an enhanced online registration system through utility of the Jumio Verification Process, the tedious verification procedure focused on providing assistance to prevent theft, fraudulent acts, and laundering. Strict auditing procedures are observed from credulous firms assure clients that the funds revolving within the company are segregated effectively by ownership.
Today, Axiory specializes in ECN/STP trading across the globe. Unfortunately, Axiory’s operations are restricted in other jurisdictions, which includes the United States due primarily to regulatory constraints.
Trading Fees & Account Offerings
This area of Axiory’s brokerage offering needs reinforcement given that only Forex and CFDs are the only main assets opened to clients.
The Classifications of Accounts
A trademark of an outstanding firm is the provision of account offerings that foster competent conditions and offers. Considerations in this aspect of the brokerage is the inclusion of risk-management features, minimum trading capital requirement, alongside a dedicated account manager or support team. Here are Axiory’s accounts and the provisions in trading conditions.
In this account, only $100 is needed for its creation. The spreads here start from 0.2 pips for the EUR/USD pair. The leverage may rise up to 1:400. This account charges for commissions with $6 USD per lot.
Like the previous one, only $100 is required for opening. Users are privy to Spreads of 1.2 pips (EUR/USD) and a leverage of 1:400. Here, there are commission fees.
This account type has the lowest minimum capital requirement. Traders are only asked of $50. The Spreads in this account start from 1.8 pips with 1:777 as leverage. Like the prior account, commissions are charged.
Hedging strategies may be performed across all account types. In addition, any of these is actually convertible to Swap-Free accounts.
On top of these, Axiory’s Demo Account is just as competent as any of its actual accounts. Through the Demo Account, not only can the client perform simulated trades, he or she may use technical and fundamental reviews at an unlimited capacity. Alongside these are the permission to technical indicators, and the selection of tools within the software of one’s choosing.
Methods for Funding for Axiory’s
Axiory offers multiple funding options. These include:
Cards (VISA, JCB)
Global Wire Transfers
A great deal of these options may be process instantly, while some will take several business days.
Withdrawal transactions share the same channels.
The Available Trading Software
Through Axiory, users have the choice of availing either the industry-standard MT4 or the sophisticated cTrader platform.
Choosing MT4, 50 types of indicators and Expert Advisors would be made available to traders through Windows, WebTrader, and the mainstream mobile operating systems.
cTrader, is also a competent and advance choice. The software boasts of good features like its account management system that requires only one login across all accounts. cTrader has over 60 built-in indicators, cTrader Automate, alongside other helpful features.
Apart from these platforms, Axiory offers Trading Academy as its education center for beginners. It also streams market news regularly through its news platform. Other tools include economic calendar, Autochartist, and a calculator for margins.
Axiory lays down pretty decent services through its low capital requirement, secure creation of accounts, and inviting spreads.
What it needs to work on is the widening of its selection of assets and the addition of MT5 for more expansive transactions. Nonetheless, Axiory is a reliable brokerage to start one trading journey with.