Axiory is a financial trading firm that focuses mainly on the Forex market and offers products from other markets such as indices, commodities, and energy. The company, which was founded in 2012, has attracted a lot of attention as well as a large customer base all around the world.
You receive approximately 80 different financial products to trade when you sign up for Axiory, and you can get some pretty spectacular offerings with these instruments as well. The maximum leverage, like the minimum spreads, is higher than the industry standard. Axiory also provides some fund protection techniques, such as negative balance protection and fund segregation.
At Axiory, we place a premium on safety. The broker is based in Belize and licensed by the International Financial Services Commission (IFSC), which assures that it is always faithful to its clients.
Our team of experienced reviewers will walk you through every detail you need to know about Axiory Forex brokerin the following Axiory Forex broker review.
A brief history of Axiory’s broker-dealer was founded in Belize in 2012, exactly eight years ago. No. 1 Hutson Street and Marine Parade, Belize City, Belize is the registered address. The broker’s platform and offerings have been refined during its eight years of operation.
Our reviewers were unable to locate any negative media coverage that could be considered even remotely harmful to Axiory’s reputation. This broker has a 99.99 percent execution success rate, works with only the best commercial banks and uses sophisticated fund protection mechanisms to preserve its clients’ funds.
Axiory offers a variety of financial instruments to trade.
The diversity of a trading firm’s tradable assets is one of the most critical factors influencing its reputation. Moreover, throughout our Axiory research, we discovered roughly 80 different online trading products, including:
CFD indices and currency pairs
Tools at Axiory Partners
Let’s take a closer look at these instruments and learn more about them.
As previously stated, Axiory’s principal trading market is Forex. As a result, you will have access to over 60 currency pairings from all three categories by joining our platform, including majors, minors, and exotics.
The commission rates for Axiory’s currency pairs are pretty excellent. On the one hand, trading currencies do not incur any fixed instrument-related fees, while on the other side, the bid/ask margins are fairly minimal. Spreads on the EUR/USD pair, for example, can be as low as 0.2 pips.
When it comes to leverage, you can go as high as 1:777 for your Forex positions, which is far more than what other brokers provide. You’re also employing the negative balance protection function, as mentioned earlier in this Axiory broker review, to keep your portfolio from ever falling below zero.
Indices on CFDs
Following the Forex pairs, ten distinct indices are traded as CFDs (CFDs). The DAX, STOXX50, and NSDQ are some of the most major stock indices, bringing together hundreds of the world’s largest firms in a single index.
The lowest spread premium for CFD indices at Axiory is 0.7 pips, which is still a reasonably priced offering from the broker. You’re also responsible for dividend markups, which vary depending on the type of investment and can be charged or credited to your account. Different types of crude oil, as well as natural gas, are among these devices.
During our Axiory broker analysis, we discovered that the minimal spread markup was around 0.4-0.5 pips, which is ideal for commodity trading. Furthermore, you can use debt financing to expand your starting money and generate income dramatically.
Finally, let’s go over the four basic metal commodities that Axiory allows you to trade: gold, silver, platinum, and palladium. All of these metals are traded as financial pairs against the US dollar, and they all come with favorable terms.
The smallest spread, for example, is as low as 1.6 pips, while the standard spread is usually between 3-6 pips. You can use a 1:100 multiplication rate for Gold and Silver pairs and a 1:20 rate for Platinum and Palladium couples when it comes to leverage.
So, suppose you want to invest in items that are regarded as safe havens in times of uncertainty. In that case, you can buy Gold, Silver, Platinum, or Palladium assets from Axiory for a reasonable price.
We looked for numerous promotional incentives to clients when evaluating Axiory’s website, but we couldn’t locate anything. However, in terms of creating a substantial Axiory opinion, it isn’t a big concern.
That’s because, while promotional bonuses are obviously nice, they’re still merely cosmetic enhancements to the trading platform. The actual trading terms and conditions and your broker’s safety procedures should be your major emphasis, with bonuses and tournaments taking a secondary role.
By refusing to offer trading bonuses, Axiory is implying that providing you with a low commission rate is more essential to the company.
Commission rates at Axiory
Now let’s look more closely at how inexpensive Axiory’s commission rates are.
First and foremost, we must accept that, regardless of whatever broker you choose, it will be required to charge you certain types of charges in order to maintain its platform. However, you must ensure that your broker is totally upfront about its commission charges and does not charge you any hidden expenses.
During our Axiory Forex broker review, we looked at all of the existing commissions and reached the conclusion that there are no hidden costs required to fund Axiory’s goods and services — the ones that are already in place are more than adequate. And that’s not all.
Fees for trading
A bid/ask to spread the most common trading cost you’ll see when trading with Axiory. You’ll get varying spread markups on the most popular EUR/USD pair, depending on which account type you choose. For example, the Nano account has a 0.2-pip spread, whereas the Standard account has 1.2 pips and the Max account has 1.8 pips.
While certain instrument classes have varied spreads, they’re all still relatively reasonable, especially when compared to other competitors’ spread markups. During our Axiory review, we discovered account-related commissions in addition to bid/ask spreads.
Getting Started with Axiory Network
So, what are the actions you must follow in order to register on the platform? According to Axiory, the entire procedure can be completed in only 5 steps, which include:
- Filling out a web-based application
- Getting your paperwork in
- Obtaining your log-in information
- Adding money to your account
- Start trading now.
As our Axiory review demonstrates, you only need to disclose the bare minimum of information about yourself. The Jumio verification process will demand your entire name, birthplace, and date of birth, as well as your email address, citizenship, and employment information.
This Forex broker has been successfully operating in the market for nearly 8 years, as we uncovered in our comprehensive Axiory broker review. It has also managed to fine-tune its trade terms and conditions throughout the years.
When you sign up for Axiory’s payment network, you enjoy several advantages that set the brokerage apart from the competition. To begin, Axiory offers four different types of products to trade: forex, indices, energy, and metals.