Axiory Forex Axiory Review

Axiory Review and Comparison | Axiory forex broker
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Trading Accounts

 

Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads (& Commission) 
STP $200 0.01 1:400 1.6 pips
ECN $200 0.01 1:400 1.0 pips + commission of $6 per lot round trip

 

Axiory offers its clients a choice of two basic account types: a STP account, where all costs are included in the spread, and a ECN account with raw interbank spreads, where a commission applies. Otherwise, both accounts provide variable spreads, leverage up to 1:400 and the option to trade in micro lots.

 

Furthermore, this broker offers PAMM services for investors/money managers.

 

Unlike most brokers, Axiory welcomes citizens of the United States as clients.

 

The Company. Security of Funds

 

Company

Country

Regulation

Axiory Global Ltd.

Belize

IFSC

 

Established back in 2007, Axiory Europe is a STP/ECN retail forex broker offering online trading in more than 60 currency pairs, precious metals and various other CFDs through the MetaTrader 4 and cTrader platforms.

 

The company behind the brand, Axiory Global Ltd., is licensed by the International Financial Services Commission (IFSC) of Belize.

 

IFSC-licensed companies are required to have a minimum of $500,000 net tangible assets and to keep client funds in segregated accounts.

 

Despite providing a regulated status, the IFSC has liberal control over forex brokers. Its supervision focuses on promulgation of regulation and a binding code of conduct. Little attention is paid to compliance-checking, reporting and on-going supervision. So, keep that in mind if you intend to invest in a Belize-registered broker. Also, the chances to recover your funds in case of a fraud or bankruptcy are close to zero. 

 

We would like to note that Axiory does not seem like a typical offshore scam – the brokerage is in the business for 10 years, and also it has a European sister company - Capital Solutions Ltd., a Cyprus Investment Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

 

Trading Conditions

 

Minimum Initial Deposit

The minimum initial deposit for Axiory’ clients is $200, which is an average amount to start with.

 

Average Spreads & Commissions

Being a STP/ECN broker, Axiory Europe offers floating spreads, which vary by account category. Nonetheless, trading costs on both accounts are similar, if we add the commission applicable to the ECN spread - 1.6 pips on EUR/USD per lot, which is slightly above average.

 

In comparison, FX Choice (also with IFSC license) offers average spreads of 1.2 pips on EUR/USD. You may also look up and compare real-time spreads of 15 leading brokers here.

 

Maximum Leverage

This broker offers leverage up to 1:400, which is considered high, although many forex brokers, offering leverage 1:500 and higher.

 

We advise traders to be careful with trading on margin, for high leverage levels may lead to heavy losses in excess of initial investments.

 

Trading Platforms

 

Like most forex brokers, Axiory supports the famous trading platform MetaTrader 4 (MT4), desktop, web and mobile versions available. MT4 is preferred by most traders, because it is equipped with advanced charting package, a number of technical indicators, Expert Advisors (EA) and extensive back-testing options.

 

Together with MetaTrader 4, Axiory offers its clients cTrader trading platform, developed by Spotware. With its progressive approach, intuitive GUI, and advanced trading features, outstanding operability and almost perfect back-end setup, cTrader provides traders with a complete trading solution suitable for all their needs.

 

cTrader suite includes a PC, web and mobile versions, as well as cAlgo, which allows you to create trading robots and your own indicators for technical analysis, using the language C#.

 

Methods of Payment

 

There are several payment methods available to Axiory’s clients: bank wire and credit/debit card (such us Visa, MasterCard®), eWallets Skrill & Neteller.

 

Conclusion

 

Although Axiory is an offshore broker, it has 10 years of experience and good overall reputation. It offers online STP/ECN online trading through 2 great platforms - MT4 and cTrader. To sum up the above, here are the advantages and drawbacks in relation to this broker:

                                                                                

Pros                                                                                       Cons                                    
STP/ECN model   Light regulation
cTrader & MT4 platform available Spreads slightly above average
Accepts US clients  

 

Latest news about Axiory Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website
Belize IFSC MT4, Web $500 Review Website

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

Pros

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Customer service

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Summary

Pros

Cons

 

 

Traders` reviews for Axiory Forex Add review

Reaction to traders reviews by the Team Axiory

Dear sirs, thank you for leaving your comments here.

Firstly I would like to say that we at Axiory highly appreciate the positive review. It motivates us to improve even further in the future.

You can look forward to the modern technological features that we regularly upgrade, new innovative services and extensive educational content based on our vast experience from financial markets, along with more innovations that we are planning to release.

I would also like to take this opportunity to explain the solution for money managers in more detail.

A lot of money managers achieve interesting results and clients often ask us if they can connect to a money manager and copy their performance. Everything that Axiory does is connecting both parties and providing services to them.

However, every money manager works and decides on their own, with their own trading strategy. Money managers are absolutely separated from Axiory. Therefore, we can't be responsible for their decisions, or guarantee any future profits.

Axiory provides money managers with technological and legal solutions, and for the security of their clients Axiory provides “Capital Guard”. This feature guarantees a maximal percentage of drawdown of the investment.

Moreover, we provide other security options for clients of money managers. Thanks to our technologies, investors have quality options to diversify their capital, to close their investment online anytime etc.

We continually develop, innovate and provide technologies, services and solutions of the utmost quality both for money managers and self-traders.

In case of any further inquiries, we would be more than happy to make everything clear. Do not hesitate to contact us anytime!

Team Axiory

Team Axiory 04/12/2016

New, but great broker!

You have to read the myths about forex here. This is holy true. I really like that they seem honest and hopefully do not pretend anything.
The big advantage for me is the speed of filling my trades and positive slippage.
The small disadvantage for me is a fee for deposit 3,70 EUR. But that's just a detail for me in comparison with the trading conditions. I definitely recommend Axiory!!!

Thomas 04/11/2016

Scammers !

Scammers !...Back in Sep 2012 I spent many weeks searching the internet for an FX pamm broker to invest with, Axiory was highly recommended by many people on the numerous review sites.

Their website and multi-trader strategy system looked excellent, with clear investment strategies and money management systems in place, for instance their customer support , said that should a certain drawdown value be reached within a multi-trader strategy, all trading would cease, and also that should the margin call conditions be reached, only the highest value position would be closed out first.

Initially I invested modestly, in several strategies and watched as the account balances steadily grew, however my funds were fully invested most of the time, which lead to numerous margin calls…the alarm bells in my head should have been ringing loudly at this time !
However I was once again assured by customer support, not be concerned, and continued to invest more money.

Then early this year, it all went badly wrong, when three multi-trader strategies failed almost simultanucly closing many positions at random losing me tens of thousands of US$ in minuets !

I always new there was an element of risk, however nothing had prepared me to lose approx 60% of my initial investment within a few months, I had foolishly believed everything stated on their glossy website, chat line and emails.

Axiory did send me a sympathetic email admitting liability for a large portion of the losses, however after many email requests they have continuously refused to refund me.

My final words have to be…Please, Please do not trade or invest with these people, read the small print at the bottom of the investor page which states ( only invest money you can afford to lose ) because you Will lose it !
They have told me themselves that they make their profit on lots traded not success, which explains why my funds were always fully invested.

Your money is Not safe with Axiory, when one managed FX account fails they just create another one, they will do whatever they can to maintain their commissions from trades, regardless as to how it affects the Investors or Traders.

Axiory have also refused to provide me with details of their Lawyer, and SIBA ( Seychelles International Business Authority ) they will not respond to any calls or emails etc related to Axiory...beware you have been warned !

Paul 09/17/2013