AXIORY Status
| Regulated | Max Leverage | Platforms | Min Deposit | Funding | |
| AXIORY | IFSC | 1:777 | MetaTrader 4, MetaTrader 5, cTrader, FIX API | $10 | Bank Transfer, Credit/Debit Card, E-Wallets |
Regulated
・IFSC
Axiory operates under the supervision of the International Financial Services Commission (IFSC) in Belize, fully adhering to the regulations designed to safeguard investors. Though their compliance is commendable, it would certainly raise my confidence in their operations if they were supervised by at least one tier-one regulator. The firm dutifully segregates customer deposits, holding them in distinguished banks. These separate accounts are subjected to regular audits conducted by the highly respected global network, PricewaterhouseCoopers (PwC), known for their comprehensive financial services such as auditing.
As a part of Axiory’s security protocols, they conduct an in-depth customer identification process in line with Anti-Money Laundering (AML) standards. This means that their clients go through rigorous ‘Know Your Customer’ (KYC) verification procedures. In my personal experience, the approval of my live account necessitated submission of a valid ID card and a utility bill. They have other protective measures in place to create a secure transactional environment. However, Axiory has explicitly mentioned that it does not accept clients residing in the United States.
Accounts
・Max Leverage 1:777
Axiory provides several account options such as NANO, STANDARD, MAX, TERA, and ALPHA. Each of these accounts requires a minimum deposit of $10, with a maximum leverage of 1:777, and the option to select the account currency as USD, EUR, or JPY. However, I found that their service charges and spreads were not the most competitive in the market.
The Standard Account, being the most popular on the MT4 platform, caters to a diverse range of traders. Trading fees are included in the spread and it employs the Straight Through Processing (STP) execution model. For frequently traded currency pairs such as EURUSD, the spread begins at 1.0 pip.
The Nano Spread Account is Axiory’s offering of an ECN account, renowned for its fast execution speeds and tight spreads. The spread for the EURUSD pair starts at a low 0.2 pips. There is a transaction fee imposed, which stands at $10 per lot. This account is generally recognized for its excellent spreads and speedy order execution.
Platforms
cTrader
Axiory provides a versatile trading environment through the cTrader platform, which is accessible across various devices and operating systems. This platform includes robust features like STP/ECN technologies, an array of technical analysis indicators, and tools for risk management and automated trading. The interface is intuitive, fast, and equipped with live asset quotes and customizable charts.
MetaTrader 4
Axiory provides MT4, a widely used trading platform appreciated for its extensive apps and inherent tools. It can be used as a WebTrader, desktop application, and a mobile app, compatible with Windows, MAC, iOS, and Android. MT4 features include automated trading support, real-time quotes, various order types, comprehensive charting, technical analysis capabilities, and live account information.
MetaTrader 5
MetaTrader 5 is an advanced version of the MT4 platform, boasting enhanced features like additional technical indicators, timeframes, and order types. It provides depth of market pricing and an advanced strategy tester for back testing multiple currency pairs. It’s available for web, desktop, and mobile use, similar to MT4.
Funding
・Bank Transfer,
・Credit/Debit Card,
・E-Wallets
Axiory offers a decent array of options for conducting deposits and withdrawals. I particularly appreciated the inclusion of digital wallets, which facilitated quicker access to my funds as compared to the traditional waiting period involved in bank transfers. However, it’s important to note that Axiory currently does not support cryptocurrencies. While Axiory claims to process bank transfers within a business day, I observed that withdrawals may take between 3 to 5 days to reflect in your account. On the other hand, the deposits I made through this method were credited to my account instantaneously. For initial deposits made via a card, a verification process that involves uploading a picture of the card is in place. Axiory accepts e-payment methods such as Neteller and Skrill. In my experience, deposits made through these channels were processed instantly, whereas withdrawals took up to 24 hours.
Summary
Axiory is a well-regarded online brokerage specializing in forex and CFD trading, providing access to a range of financial instruments across various asset categories. They offer top-tier trading platforms including cTrader, MetaTrader, and FIX API connectivity for professional-grade trading conditions. Additionally, they provide complimentary access to supplementary trading tools and educational resources to enhance your trading journey. You can begin trading with a modest deposit of just $10, and a free demo account is available for those who prefer to test the waters before diving in. Established in 2012 by a team of experienced fund managers, Axiory has grown to be a reputable international broker driven by a group of dedicated visionaries who bring an innovative approach to forex and CFD trading.
Axiory is underpinned by ‘Purple Technology’, a global fintech firm that offers creative trading solutions, including server management and optimization, web app development, and payment solutions. The brand utilizes sophisticated trading technologies and infrastructure, with trading servers located in Equinix data centers in London, Tokyo, and New York, ensuring trades are executed in 200ms or less. They offer fix protocol 4.4 trading solutions catering to seasoned programmers and high-volume traders. This protocol directly executes all trades in Equinix London (LD4), enhancing trading conditions significantly. The main servers are backed up in real-time, offering stability and peace of mind when trading with Axiory.
Axiory follows the Straight Through Processing (STP) and Electronic Communication Network (ECN) brokerage models. They operate with a No Dealing Desk (NDD) approach, directing client orders straight to the interbank liquidity pool for execution. This ensures optimal pricing and execution speeds at all times, a feature that greatly appeals to me.
