Axiory review: One of low spread forex brokers
STP broker Axiory has been offering services since 2014. The firm provides trading in five asset classes: metals, energy assets, contracts for difference (CFDs) on stock indices, currency pairs, and stocks. In addition to having a representative office in the United Arab Emirates, the headquarters is situated in Belize. With license number 000122/15 and registration number 127090, the Belize International Financial Services Commission (IFSC) oversees Axiory.
Benefits of trading with Axiory include:
- Possibility to trade shares, including natural and CFD shares, ETFs, and both.
- Light You may open an account instantly with live technology and begin trading for real money in about 10 minutes.
- The MetaTrader 4 and MetaTrader 5 desktop and forex apps, as well as cTrader, are accessible for trading.
- There are additional tools and services available, such as Autochartist.
- A wide range of various account kinds with favorable trading conditions.
- A variety of techniques for adding to and withdrawing money.
- The absence of PAMM or MAM accounts for passive investing.
- Support only works five days a week for 8 hours total.
- Offshore jurisdictional regulation.
Is Axiory legit or a fraud?
Axiory is low spread forex brokers not a fraud, but we discovered that Belize, an offshore nation with a reputation for making it very simple to obtain a license for forex trading, is where the company was founded. Naturally, this drew a lot of brokers and dishonest fans, which damaged the reputation of Forex trading and brokerage.
Recently, the broker added the FSC license for Mauritius under the name Tradit Ltd. Although the company will be required to deposit $100,000 at the start of the application process, Belize legislation has modified its policy. It needs higher capitalization and standards for brokerage activity. Overall, the situation is greatly improved, allowing the broker to be trusted.
Is Axiory an honest company?
First, Axiory is a trading brand representing the AXIORY group of enterprises, which has representative offices worldwide, including Dubai. Additionally, Axiory has been in business since 2011 and has since built a good trading foundation and trading community.
How are you protected?
Due to Axiory’s forex apps need to fund segregation, client and business funds must be kept tightly separate. Since prices are obtained directly from liquidity providers and reporting validates the broker’s no-intervention environment, there is a sustainable level of transparency because the broker is routinely audited and reported on as required.
Additionally, Axiory participates in the Financial Commission, an independent body that safeguards client funds in the event of broker insolvency and reimburses trading accounts up to $20,000 in losses.
Leverage is a tool that enables you to trade with considerably more significant exposure to the market than the initial deposit you made. Forex trading is an example of a leveraged product that can raise your potential profit and loss.
A ratio is used to express the level of leverage, such as 50:1, 100:1, or 500:1. If you trade with ticket sizes of 500,000 USD/ZAR 8 000 000 and have $1,000/ZAR 16 000 in your trading account, your leverage will be 500:1.
The portion of collateral known as the margin is used to offset any potential credit risks that may occur during your trading operations. You must have funds in your trading account to ensure an appropriate margin; it is expressed as the percentage of position size (for example, 5% or 1%).
For instance, a position worth $1,000,000/ZAR 16 000 000 will need a deposit of $10,000/ZAR 160 000 on a 1% margin. To open new trades, the margin level in your trading account must be equal to or higher than 100%; otherwise, your trading account will be fully covered.
The most excellent leverage ratio offered by Axiory is 1:777. Leverage levels are determined by the trading instrument and the type of asset and volume traded. Leverage for forex products and currency pairs is limited to a maximum of 1:777.
Alpha Account, Terra Account, Nano Account, Standard Account, and Max Account are the five major account categories offered by Axiory. There are also demo and Islamic accounts available.
Axiory provides the following account types:
When using these accounts, traders can use MT4, cTrader, and MT5.