Home » Broker Reviews » Axiory Review

Broker Reviews

Axiory Review

Minimum Deposit: $10 VISIT BROKER

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Axiory is a well-known online broker that provides FX and CFD trading using cTrader, MetaTrader, and the FIX API. They provide over 150 trading instruments, as well as trading tools such as Autochartist, trading guides and market analysis to help traders.

Investing Brokers

March 7, 2023

Axiory is a retail forex and CFD broker that operates from Belize. The broker was founded in 2011. Axiory Global Limited is the broker’s parent company that is authorised and regulated by the Financial Services Commission of Belize (FSC).

Axiory provides hundreds of trading instruments from various asset classes, including forex, commodities, CFDs of stocks and indices, exchange stocks and exchange ETFs. In addition to a nice product portfolio, the broker offers tight spreads and minimal commissions for trading.

Moreover, the broker provides industry-standard trading platforms, including cTrader, MT4 and MT5. Axiory also provides copy trading services and various trading tools to assist you with your market analysis so that you can spot trading opportunities and make informed trade decisions.

Axiory provides various educational and research resources, including the excellent Autochartist, videos, guides, economic calendar and exclusive market analysis. There is also the option of a free demo account which can be a great way to practice trading online without taking any risk. Moreover, Axiory requires a small $10 as a minimum deposit when you are ready to get started.

Axiory has over a decade of expertise in providing trading services under FSC regulations. The broker keeps its clients’ funds in segregated bank accounts. In addition, Axiory provides multiple trading platforms with a decent selection of over 150 trading instruments for you to choose from. Moreover, trading costs at Axiory are very competitive. The broker has zero spread accounts with a minimal commission fee. Axiory has the option of swap-free Islamic accounts which is great for those of you who are Muslim traders. The broker provides various educational and research tools which can help to bring beginners up to speed with the markets and for discovering potential trade opportunities. There are multiple convenient funding options, and there is no deposit or withdrawal fee. On top of that, Axiory does not charge an inactivity fee which is great.

On the other hand, Axiory or its parent company are not listed on any stock exchange. Therefore, they do not disclose their financial information. Moreover, the company does not provide banking services. Axiory is not yet regulated by any tier-1 regulatory body. Some traders may also find the product range slightly restrictive when compared to the likes of IG who have over 18,000 financial instruments for you to trade. In addition, the broker does not provide crypto trading and funding. Lastly, the broker does not provide client support over weekends.

Axiory provides over 150 trading instruments from various asset classes. You can trade forex, gold & metals, oil & energies, CFDs of stocks & indices, exchange stocks and exchange ETFs. However, Axiory’s product portfolio might seem limited for some traders as the broker does not offer bonds, options, and cryptocurrencies. Whilst there should be enough for those of you who want to trade or invest in popular instruments, those of you who want that little bit more may wish to take a look at easyMarkets who have a much wider range of financial products.

Axiory Instruments Summary

Commission and Spread Fees

Axiory offers both retail and corporate trading accounts with different features. For retail traders, there are multiple account options to suit their needs. The spreads are variable depending on the market volatility and liquidity amongst other factors. If you are looking for fixed spreads, then TD365 could be an option. Generally, I found the commission fees to be below the industry average but the spreads slightly above. However, the difference may not be that noticeable unless you are scalping or trading large volumes. If that is the case, then you might want to take a look at RoboForex. They have low fees, zero pip spreads and over 12,000 instruments for you to choose from. Here is a summary of accounts and trading costs across them.

Deposit and Withdrawal Fees

Axiory does not charge any deposit fee, but some transaction fees might be applied from the payment service provider. On the other hand, the broker charges a withdrawal fee for many payment options, including wire transfers and electronic payments (Amount of withdrawal fee not defined on the website).

Inactivity Fees

Axiory does not charge an inactivity fee for its dormant accounts which is great. It means you will not have to worry about any unexpected charges should you not be using your account for a long period of time. This is a great advantage that they have over some other brokers.

Axiory provides traders with the popular and easy to use MT5 and MT4 trading platforms, for which it created Axiory Strike, a bespoke indicator. Unlike some other MT4 brokers, it is good to see that Axiory provides traders with a selection of readymade EAs and third-party add-ons that may be used to maximise the basic version’s capabilities. As an alternative, the professional cTrader platform is available. All of these industry leading trading platforms allow for efficient manual and automated trading. This is a great selection of platforms, which you can also find through Traders Way.

MetaTrader 4 (MT4)

You can get easy market access and trade using the traditional trading platform, MetaTrader 4, which has become the industry standard amongst forex and CFD traders around the globe. You’re covered with MT4, whether you’re a beginner searching for a simple interface and one-click trading or an established trader with complicated strategies and your own indicators. To trade from your PC or Mac, use the traditional MT4 desktop programme. This option is ideal if you want to work from home or at your own office. You can use the MT4 app for all iOS and Android smartphones in order to take the markets with you and incorporate trading into your daily routine. Using the MT4 web platform, simply signing in allows you to access your Axiory trading account from anywhere and on any device. MT4 online is constantly available and simple to use, but is limited in terms of functionality when compared to the MT4 desktop platform. You can choose to create your own or use Axiory’s ready-made trading tools to further enhance your trading experience. Whether you’re proficient in the MQL programming language or not, you will also find an abundance of free and paid tools to extend the platforms capabilities from within the MQL marketplace. You can access this from directly within the platform itself. You will find that there are more tools readily available than any trader could ever make use of.

The following are some of the main features of Axiory’s MT4 platform:

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is a multi-asset platform also developed by MetaQuotes for online CFD trading and exchange products. With improved financial trading operations and superior tools for technical and fundamental analysis, MT5 elevates MT4’s attributes and features to the next level. To trade from your PC or Mac, you can use the traditional MT5 desktop programme. It has all of the core functionality, including support for automated trading. You can enjoy a typical trading environment from the comfort of your own home or workplace. You can choose to install the MT5 mobile app on any iOS or Android smartphone to make trading a part of your lifestyle and include it in your daily routines. The MT5 web platform is constantly available and simple to use on any device. Simply open your browser, navigate to the platform, and log in. I really like the flexibility the web platform gives and the fact that it is always up to date. The MT4/5 platforms are very similar in the way that they look and feel, it is just that MT5 has more features which may make a difference if you plan on running complex trading strategies. Otherwise, I think both platforms will more than do the job.

The following are some of the key features of Axiory’s MT5 platform:

cTrader

cTrader is a premium charting software and trading platform for those of you who want to take your trading to the next level. With its distinct features and thoughtfully built capabilities, it’s easy to understand why cTrader is one of the market’s fastest-growing platforms; perhaps it will become your new favourite. Axiory provides its clients with the ability to trade on the cTrader platform through a web browser, desktop, and mobile devices via an intuitive trading app. It is compatible with all screen sizes and operating systems. Only Windows PCs may download and install the desktop version of cTrader. The mobile cTrader app is available for download and installation on Android and iOS devices. In general, regardless of the cTrader version used, identical capabilities are available.

The cTrader platform is simple to use, quick and comes pre-loaded with useful tools. I actually prefer MetaTrader as I find it to be easier to navigate and like that it has so many additional tools, mainly due to its large user-base. It is also worth considering that more brokers provide MetaTrader, which could make a potential switch to another provider more seamless down the line. That being said, all of the provided platforms are good for analysing the markets, placing and managing your trades.

Some of the characteristics of Axiory’s cTrader are as follows:

Axiory CopyTrade

Developing good trading techniques takes time and practice. The top traders at Axiory CopyTrade are sharing their knowledge and skills with you. You can learn from their years of experience by simply following their trading strategies. You can choose the traders you want to emulate and adapt their strategies to your needs. Browse profiles, metrics, win ratios, risk scores, and more to find top-performing traders. Everyone has access to all performance data, and there are no hidden costs. You can determine how much money you want to use for the copy exchange. You may deposit and withdraw funds with ease. I think this is a good place to communicate with other traders and investors. Whilst it is a way to learn from the success and mistakes of others, there are no guarantee on results from copying signals from other traders and past performance of copy trading portfolios does not promise a profitable future. If you are looking to copy trades, eToro is the largest social trading platform.

Axiory Platforms Summary

Axiory features a well-organised and comprehensive library of learning resources for new traders. Its market analysis area is very extensive, giving current fundamental and technical insights. Axiory provides market information and trading tools to assist traders to improve their trading techniques and experience.

Autochartist

With the superb Autochartist, one of the most effective technical analysis tools on the market, you can spot trend patterns, monitor markets, and seize trade opportunities. Through a variety of tools and capabilities, Autochartist assists you in analysing the market. Concentrate on trading while Autochartist searches for trading trends. View predicted price moves based on chart patterns. This is a fantastic tools for market analysis which not many brokers offers, Purple Trading being another option to consider. It is freely available as MT4, MT5 and cTrader plugins.

You can customise your searches to find just the information that is important to you. Receive updates on trading possibilities, so you don’t miss out on any. Use volatility research to determine appropriate stop-loss and take-profit levels and better manage your risk. You may also rely on this tool’s abilities to develop your own trading strategy. This substantial set of tools allows you to study an instrument’s previous volatility and anticipate its price over the next few hours. Using a series of quality indicators, you can double-check the quality of your Fibonacci patterns, chart patterns, and critical levels. Because certain findings can be deceiving, and traders frequently rely on their own judgement when relying on these results, Autochartist implements some innovative Quality Indicators which can assist you in determining the dependability of these tools in a simple and user-friendly manner. Overall, this is a brilliant tool to have at your disposal that I think compliments the already powerful platforms very well.

Strike Indicator

This indicator is intended to be put on MT4 operating on Windows and MAC OS. The indicator examines currency pairings in order to discover trends. It generates blue and red uptrends and downtrends, accordingly. This is a unique tool for trying to understand in what direction the market might be heading.

Custom Indicators

MT4 technical indicators are sophisticated technical analysis tools that aid in the identification of market patterns and the forecasting of future price movements. You may automate your technical analysis for day-to-day trading activity by using custom indicators. Axiory can give customised indicators, or you may create your own custom indicators and trading robots using the MQL4 programming language. If you do not have the coding skills required, you could always hire a freelancer to do it for you. Whatever your idea for a trading strategy is, chances are that you can make it happen.

Economic Calendar

The economic calendar covers the upcoming major macroeconomic events that might impact global markets and help traders make an informed decision based on fundamental analysis. I think this is an important tool and something I always like to try and reference before making any trade decisions. It is not nice getting caught on the wrong side of a major news release.

Axiory Trading Academy

Axiory’s Trading Academy offers hundreds of multi-levelled classes via a series of informative articles. Its step-by-step, strategically organised, and meticulously designed articles are beneficial to both novice and professional traders alike.

Webinars

You can access webinars on all elements of trading, including technical, fundamental, and psychological topics. Discover and comprehend new trading tactics that will assist you in improving your trading strategies. See how risk management techniques may be used to reduce risk and boost success. You can take advantage of webinars that will discuss the most recent economic happenings. Get trading tips from experts with real-world experience. Ask your questions in real-time during Q&A sessions, and take advantage of regular live trading sessions.

Daily Market News

The website’s market news section is updated on a weekly basis. News releases can be utilised in conjunction with fundamental analysis.

Daily Technical Analysis

This portion of the Axiory website focuses on analysing the price fluctuations of certain instruments.

Axiory Intelligence

Axiory Intelligence is an independent market news and analysis service that provides customised, up-to-date coverage of the global financial markets to Axiory traders. Their updates range from brief market nibbles to in-depth examinations of financial goods and economic happenings. Every piece of information released on Axiory Intelligence is one-of-a-kind. Investors and traders may utilise the site as a useful and dependable source of information to assist them in obtaining important market updates quickly and making educated judgments at all times.

Trading Calculators

Axiory provides various handy trading calculators that help you in planning your trades. This can especially useful if you are in a rush or just not that well versed in maths. Here are the calculators that are available free on the website:

Axiory Research and Education Summary

Axiory provides a bundle of convenient payment methods with multiple account base currencies. This is good as you can potentially avoid currency conversion fees if using an account in your own currency. Clients can use wire transfers, credit/debit cards, and popular electronic payment services to deposit or withdraw funds. However, the broker does not offer cryptocurrencies for funding. For that, you could consider another broker such as KOT4X. The transactions may be processed anywhere from instantly to 3 to 5 business days. I prefer e-wallet payments as I find this to be the quickest way for me to get access to my funds which is important if I need to act quick on some market news.

Axiory Funding Summary

Axiory is a trademark owned by Axiory Global Limited and controlled through the following authorised and regulated entities:

Axiory Regulation Summary

Axiory Safety

Axiory employs cutting-edge trading technology and infrastructures, with trading servers housed in Equinix data centres in London, Tokyo, and New York. All customer deposits are stored separately in segregated accounts at trustworthy institutions. Axiory is a member of the “Financial Commission” (FC), which settles trader and broker disputes.

Axiory provides customer support 24/5 via live chat, phone and email. I think they could improve in this area by offering support on the weekends in order to keep up with competitors such as InstaForex.

Axiory is a market maker broker that provides you with a good variety of assets. It provides very competitive trading conditions across a variety of trading accounts. It also supports the most common trading platforms, such as MetaTrader and cTrader, as well as a number of premium trading tools including the fantastic Autochartist. The outstanding educational content and market research provided by Axiory and the limitless demo account give the new trader the resources needed to start trading. Overall, I think they are a broker worth consideration although there are a few areas in which they could improve in order to be considered amongst the best CFD brokers.

Axiory Review

Minimum Deposit: $10

VISIT BROKER