Forex Trading

Axiory Review 2023 with Rankings by Dumb Little Man

Whatever your trading style, you can get comfortable access to the markets. Axiory offers high maximum leverage ratios, tight and competitive spreads, positive slippage, and low commission charges, with the option of commission-free trading. Brokerage firms like Axiory may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Axiory trading account level held by the trader.

The minimum deposit here remains $10 with the lowest spreads you will find at the broker. These average just 0.2 pips on major assets like the EUR/USD though a round turn per lot commission of $6 is charged, and the same $0.04 per stock CFD traded does apply. Axiory Intelligence is an independent market news and analysis provider that offers Axiory traders optimized, up-to-date coverage of the global financial markets. Their updates range from quick market bites to lengthy in-depth pieces and analyses of financial products and economic events. Investors and traders can use the portal for a trustworthy and reliable source of information to help them swiftly find essential market updates at all times and make informed decisions. Axiory provides traders with the popular and easy to use MT5 and MT4 trading platforms, for which it created Axiory Strike, a bespoke indicator.

The FSC is closely monitoring Axiory Global Ltd so that it can ensure the safety of traders. 🥇 While Axiory does not have a large market share in Nigeria, the broker is active across the African continent overall, which places it in the Top 100 forex and CFD brokers for Nigerian traders. 👉 This Axiory review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

👉 Axiory Alpha and Terra accounts can be used together with MetaTrader 5 (MT5) trading platform. Traders can get MT5 for PC, Mac (Mojave or Older OS), and iOS/Android devices. MT5 is used for the Terra account and as well for, the Alpha account which is used for purchasing real stocks and ETFs.

Deposit and Withdrawal Fees

Axiory is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers. A minimum deposit is the minimum amount of money required by Axiory to open a new online brokerage account with them. Axiory is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Axiory going into insolvency. Axiory compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Axiory to maintain licenses and operate in certain jurisdictions.

  • It is the goal of the Financial Conduct Authority (FCA) to safeguard customers in the UK financial services sector.
  • We understand that informed decisions with Axiory are the key to successful trading, so we’ve provided this detailed Axiory review.
  • Axiory can be described as a sustainable broker that supports beginning traders with the education and technical analysis developed by in-house professionals.
  • You can enjoy a typical trading environment from the comfort of your own home or workplace.

The brilliant Autochartist is an MT4 plugin tool that scans the markets, performs analyses and notifies the trader. The Autochartist software is fully customisable to the traders’ specifications and instruments of choice. This is one of my top trading tools when trading so I appreciate that it’s offered free of charge by Axiory.

Trading online with Axiory requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Axiory trading tools and features. That’s why we’ve compiled this detailed axiory review with some important information that will hopefully make you more informed when online trading with Axiory. Axiory offers quick customer support via phone call, live chat, email, and a contact form on the website. Besides, they guarantee human interaction whenever you contact them.

Honest broker, Tight spreads, good customer service

Our team tested the live chat support of Axiory and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all. While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Axiory, before live trading.

Does Axiory Have Research And Education Services?

Traders can fund their accounts and begin placing trades after the verification process is finished. However, it is necessary to inform prospective customers about disadvantages including the cost of inactive trading accounts and the difficulty in obtaining corporate accounts. While Axiory provides a thorough trading environment overall, some particular disadvantages should be addressed before making a decision. Even more alluring to people who are new to trading is the emphasis on community building and education. One of the main draws for traders using this Nano account is the low spreads.

What accounts are available at Axiory?

You will find that there are more tools readily available than any trader could ever make use of. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Axiory offers traders comprehensive features and tools to enhance their trading performance. The Axiory MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Axiory platform to their needs.

Axiory has also partnered with “GL Africa” to support abandoned children in Cameroon and Tanzania. The broker provides financial assistance so that these children will have good food, water, clothing, medication and education. GL Africa is a non-profit organisation, based in Czech Republic, with a mission to support abandoned children in Sub-Saharan Africa. I have opened corporate accounts with other brokers worldwide with no issues but with Axiory it was such a painful process that I ended up aborting my application. I was sure they would end up even asking for my stool sample and DNA sample considering the unreasonable information they were asking for. With the Alpha Account, experienced traders and investors may become shareholders for as little as 400NGN/$1 and have access to a worldwide portfolio of stocks and shares.

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 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. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.

Verdict on Axiory

This means that Forex trading, Commodities Trading, CFD trading, Cryptocurrency trading are considered financial assets. On the other hand, for the withdrawals, processing times are mixed. For example, cards and wire transfer take 3-10 business days, BitPay may take 1-5 business days. The deposit and withdrawal methods include debit or credit cards, international wire transfer, BitPay, Neteller, Skrill, and more. However, except for the bank transfer, all the funding methods are instant.