Axiory review (2022) | Are They Safe or a Scam? | We Compare Brokers
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Axiory Broker Review

Review By: Alan Little
Review Updated: 2021-02-10
Overall Ratings
4.6
Axiory Fees
4
Trading Platforms
4
Mobile Trading App
5
Market Research
5
Customer Service
5

Axiory broker features

Feature Axiory
Minimum deposit: $10 USD
Withdrawal fee amount:
Inactivity fee charged (Y/N): N
Max leverage:
Spread from:
Number of instruments:
Year founded:
Time to open account:
Demo account provided (Y/N): Y
Countries of regulation:
Products offered:

Axiory pros and cons

Pros
  • A choice of two top-class trading platforms
  • Low minimum balance requirement
  • Account opening bonus program
  • Aiming to be on the trader’s side
Cons
  • Limited number of markets
  • No Crypto
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Review Sections:

Who are FXTM?

Axiory Introduction 1

Introduction

Axiory is a Belize based broker which combines a tech-focused approach with high levels of customer care. Pricing is competitive, the trade execution infrastructure fast and reliable and there is an abundance of resource materials to help traders as they enter into the market.

It provides a choice of two market leading platforms and training guides designed to help their clients get the most out of them. Some traders will also be particularly keen on the trade-focused support services such as Autochartist and Strike Indicator.

The broker was founded in 2012 and built up a global client base. Onboarding is as aided by algorithmic programs which means you can be set up and trading within a matter of minutes.

AXIORY is a trade name of Axiory Global Ltd. registration number 127 090, registered address No.1 Corner of Hutson Street and Marine Parade, Belize City, Belize, authorized by International Financial Services Commission of Belize, licence number 000122/15.

The website is owned by AXIORY group of companies. The group includes PT International Limited, registration number 9668659, Enterprise House, 5 Roundwood Lane, Harpenden, Herts, England, AL5 3BW, London (operates the website) and Axiory Global Limited.

Axiory Fees

4
Rating

Low-cost trading is a particularly attractive feature of Axiory. If you’re looking for a broker which offers bid-offer spreads as low as zero, and low commissions, then Axiory could be for you.

By offering variable spreads in all markets Axiory ensure that improved market liquidity is passed on to its clients. Of course, if liquidity dries up spreads may widen.

Each of the three accounts has a different pricing schedule but the fact that the spread data is easy to access and understand is a very positive sign. Transparency is always welcome and when it comes to spreads, the brokers who make the information most accessible tend to be the ones who know they have a strong position.

Axiory Introduction 2

The above table from Axiory’s site is about as transparent as price reporting can get. Seeing each market, its spread, and associated financing fees simply laid out raises the question of why some other brokers offer a disjointed collection of smoke and mirrors.

The same transparency of reporting extends to Forex, CFD, Metals and Energy markets. A few headline rates which offer a benchmark of Axiory’s position in the market include EURUSD ranging from an average spread of 0.2 to 1.9 (depending on account type) and GBPUSD from 0.5 to 2.2.

Trading Platforms

4
Rating

Axiory offer their clients the choice of two market leading platforms.

The MetaTrader 4 (MT4) platform is the most popular retail trading dashboard in the world. It’s been operation for decades and forms the cornerstone of many strategies. It is particularly good at accommodating algorithmic trading models you may have or those of other traders which you may want to copy.

Axiory Platforms and tools 1

The number of charting indicators available in MT4 continues to draw traders to it. There are more than 30 trading tools in the default Axiory package and the MT4 trader’s community is full of articles and models which other traders are happy to share, some for no charge.

The cTrader platform is another very popular third-party platform. In terms of aesthetics if has softer edges than MT4 and is an obvious choice for those looking to trade manually. Its graphics making it possibly more user-friendly for beginner traders

cTrader also has a range of tools to help Axiory clients identify trade entry and exit points. It also has advanced functionality and supports traders looking to build their own models, for example using C#. The Order Book monitor is another neat feature as it allows traders to look into the market and analyse trade flow.

Given that some brokers only offer one platform the fact that Axiory offer two is a definite plus point. Not only that, but the different characteristics of cTrader and MT4 complement each other making it easy for clients to adopt an approach which suits them.

UPDATE 19 May 2021:  Axiory now offers trading on the MT5 platform.

Mobile Trading App

5
Rating

Trading on the go is supported by high quality Apps. They are available for both MT4 and cTrader and are free to download and supported in Android and iOS formats.

You can choose which App suits you best and then be ready for trading on the go.

Axiory Mobile Trading 1 Axiory Mobile Trading 2 Axiory Mobile Trading 3

The cTrader graphics convert well to a smaller screen. Navigating between the different screens to carry out administrative tasks, research or trade execution is an effortless experience. The different functionality placed where you’d intuitively expect to find it.

Its possible to dig into charts on a range of time-scales and all of the risk management tools such as stop losses and take profits which are on the desktop platform carry over to the App.

Each market you select on the cTrader App comes with a customisable price chart, and order flow and order building monitors.

MT4 is renowned for its charting aids and powerful software tools. The App does an excellent job of transferring functionality from desktop to hand-held devices with only a handful of indicators not making the cross-over.

The mobile trading experience on the Axiory MT4 App is trader focussed giving you just what you need to keep up with the markets.

Market Research

5
Rating

Axiory has made a substantial investment in the research and learning materials it offers clients. The vast range of resources covers topics designed to help beginners get up and running and also some very advanced trading tools.

Axiory Research 1

The above list highlights the extent of the offering. Some such as Trading Sniper really stand out due to how trade-focussed they are. A common challenge faced by traders is finding resources which help them identify trading opportunities in real-time markets and support services such as Trading Sniper help resolve that issue.

Other similar features include Autochartist and Axiory Strike Indicator which operate on both the MT4 and cTrader platforms. Considering some brokers offer little more than “how to trade” style materials Axiory deserve credit for pinpointing a niche in the market and exploiting it to its full potential.

Feedback from online review pages is that Axiory’s research team have set out a particularly useful pathway for traders who want to move into automated trading but are not quire sure where to start. This mirrors their selection of MT4 and cTrader as platforms as both are well-known for accommodating algo-driven strategies.

Axiory Research 5 Axiory Research 6

If running your own models is something you’ve considered but never pursued then Axiory’s well-designed user guides could be for you. There is definitely a sense that the broker recognises the groundswell of demand for that kind of trading and fully embraces working in conjunction with third parties to help their clients realise their dreams.

Customer Service

5
Rating

During testing we found the customer support team to be extremely professional and knowledgeable. The Axiory site references that they provide all staff with “rigorous training” and it shows. It’s also noticeable that client satisfaction is a shared aim with the staff being extremely attentive.

Live Chat goes directly to human members of the support team. Therefore, there are no delays associated with navigating past chat-bots before you get through to someone who can really help you. This is important when money is at stake.

Axiory Customer Service 1

Coverage is only offered during extended office hours Monday – Friday which could be an issue for some, particularly as forex markets, the core markets on offer trade 24/5. Saying that the platforms selected are particularly robust and have been tested to destruction by millions of users for many years.

If you want to contact a member of staff by telephone there are six offices positioned around the globe.

Address: No.1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

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