Axiory is a broker known for its transparent and user-friendly approach, appealing to both new and experienced traders but it operates as a fully regulated broker, more will be stated in this review.
Established over a decade ago, Axiory offers a range of trading options, various account types, and award-winning trading platforms such as MT4, MT5, and cTrader.
This Axiory Broker Review covers the broker’s history, features, customer reviews (both positive and negative), and a guide to getting started with Axiory, offering you a complete insight into whether Axiory could be the right choice for your trading needs.
Account Types for Axiory Broker
Axiory provides several account types to cater to different trading needs:
1. Nano Account
This account has tighter spreads (starting around 0.2 pips for EUR/USD) and includes a commission of $6 per lot. Leverage goes up to 1:400, making it ideal for more experienced traders seeking precision.
2. Standard Account
Designed for a commission-free experience with average spreads of around 1.2 pips for EUR/USD, this account also supports leverage up to 1:400.
3. Max Account
This option offers higher leverage (up to 1:777) and has spreads starting around 1.8 pips. It’s commission-free and suited for traders who prioritize leverage over tight spreads.
4. Tera and Alpha Accounts
Available on the MT5 platform, these accounts allow for trading Exchange Stocks and ETFs, catering to stock traders rather than traditional forex.
Each account comes with features such as negative balance protection, hedging options, and the flexibility to open as many orders as needed.
Trading Platforms for Axiory Broker
Axiory supports popular trading platforms MT4, MT5, and cTrader:
- MT4: Known for reliability, MT4 offers customizable tools, automated trading capabilities, and compatibility with numerous plugins.
- MT5: This advanced platform adds support for Exchange Stocks and ETFs.
- cTrader: Designed with a user-friendly interface, cTrader is especially suitable for traders who prefer visual insights and in-built trading tools.
All platforms are accessible via desktop, mobile apps, and web browsers for trading flexibility.
Customer Support
Axiory’s customer support is available Monday to Friday, with options like live chat, phone, and email.
Unlike many brokers, Axiory prioritizes human interaction over automated responses, which has earned them positive reviews from clients. The website also provides a helpful FAQ section for quick answers.
Deposit and Withdrawal Methods for Axiory Broker
Axiory accepts various payment methods:
- Credit/Debit Cards: Most deposits are instant.
- Bank Wire Transfers: These take 3–10 business days.
- E-wallets: Includes Skrill, Neteller, and others. The transactions below $200 incur a $15 fee, along with potential currency conversion fees
Axiory CopyTrade
The Axiory CopyTrade feature allows beginners and busy traders to follow and replicate the strategies of experienced traders on the platform.
Essentially, users can choose a successful trader to follow, and CopyTrade will automatically mirror that trader’s actions within the follower’s account.
This approach gives users the chance to learn by example and potentially see returns similar to those of the experienced traders they follow.
It’s a user-friendly option for those who may not yet feel confident enough to trade independently but still want to engage actively in the trading market.
CopyTrade also allows users to adjust the amount they want to invest, so they can start small if they prefer, which makes it ideal for new traders looking to test the waters without taking on high risks.
Educational Resources
Axiory offers an extensive suite of educational resources designed to help traders of all levels.
The broker provides in-depth articles, webinars, market analysis reports, and videos covering various trading topics like basic concepts and advanced strategies.
One particularly useful tool is Autochartist, which scans the markets and provides real-time trade opportunities by identifying chart patterns and key price levels.
This tool can be a huge advantage for traders who want to refine their strategies and learn how to spot potential market movements more effectively.
Axiory’s educational resources empower users to improve their knowledge continually, giving them the confidence to trade more independently and make informed decisions.
History of Axiory Broker
Since its inception in 2012, Axiory has grown rapidly by focusing on transparency, innovation, and customer service.
The broker is regulated by the International Financial Services Commission of Belize (IFSC), ensuring that it operates under certain financial standards and protections for clients.
Over the years, Axiory has expanded its platform options, adding support for MetaTrader 4, MetaTrader 5, and cTrader, which makes it versatile and accessible for various trading preferences.
Pros and Cons of Axiory Broker
1. Multiple platform options (MT4, MT5, cTrader) to suit diverse trading styles
2. Transparent fee structure with low commission fees on certain accounts
3. CopyTrade feature for beginners to emulate seasoned traders
4. Comprehensive educational resources, including trading guides and market analysis
5. Strong customer support, particularly in live chat assistance
Cons of Axiory Broker
1. Limited customer service hours, restricted to weekdays only
2. No proprietary platform, which may be a drawback for traders who prefer exclusive tools
3. Some reports of slower response times on email support
4. Based in Belize, which may not offer the same protections as brokers regulated in more heavily regulated regions like the U.S. or U.K.
Customer Review for Axiory Broker
Positive Reviews
Many traders appreciate Axiory’s wide range of platforms and tools.
One anonymous user praised,
“The MetaTrader 5 platform works smoothly, and the charting tools help me make better trading decisions.”
Other traders highlight Axiory’s educational resources as highly beneficial, especially for new traders aiming to understand the forex market better.
Negative Reviews
Some users have voiced frustrations, particularly regarding limited customer service hours.
One trader commented,
“I had an issue with a trade over the weekend, but I couldn’t reach anyone until Monday.”
There are occasional complaints about the withdrawal process, with a few users reporting delays.
How to Get Started with Axiory Broker
1. Create an Account
Start by visiting the Axiory website and selecting the “Sign Up” option. Complete the registration by providing your details, including verification documents.
2. Select an Account Type
Choose from account types like Nano, Standard, Max, or Tera based on your trading style, risk tolerance, and capital.
3. Deposit Funds
Fund your account through available options like bank transfer, credit card, or online payment services.
4. Download a Trading Platform
Based on your preference, download MT4, MT5, or cTrader to start trading.
5. Start Trading
Once everything is set up, you can begin trading on the chosen platform. Beginners can also check Axiory’s CopyTrade feature to follow and copy trades.
Frequently Asked Questions
1. Is Axiory a regulated broker?
Yes, Axiory is regulated by the IFSC in Belize, offering a level of security, though this may differ from more stringent regulatory bodies in larger financial hubs.
2. What are the minimum deposit requirements?
Axiory has a minimum deposit requirement starting from $10, depending on the account type, which makes it accessible for new traders.
3. Can I use Axiory on mobile?
es, Axiory supports mobile trading on both MT4 and cTrader platforms, making it convenient for on-the-go trading.
4. Does Axiory offer a demo account?
Yes, Axiory provides a demo account for new traders to practice and test strategies without risking real money.
Conclusion
Axiory Broker provides a solid, user-friendly option for both beginner and advanced traders, with diverse platform options and supportive tools for better trading experiences.
Its commitment to offering multiple trading platforms, coupled with the Axiory CopyTrade feature, makes it attractive to traders interested in both independent and social trading.
However, limited customer support hours and occasional delays in withdrawals are aspects to consider.
For those seeking flexibility, educational resources, and tools to refine their trading skills, Axiory is a strong choice worth exploring further, if only you have done your research and gone through this Axiory Broker Review extensively.