Since 2014, Axiory has operated as a straight-through-processing (STP) broker. Currency pairs, stocks, CFDs on stock indices, metals, and energy assets are the five asset classes offered by the firm for trading.
In this definitive review we take a deep dive into the trade offering at Axiory to understand how this broker helps thousands of traders to achieve their investment goals.
Axiory trading conditions
According to our Axiory broker review, Customers of Axiory broker get access to over 150 different trading instruments, the time-tested MetaTrader and cTrader terminals, and a variety of account kinds. Clients can take advantage of leverage of up to 1:777, depending on the account type they select.
Prospective traders can get a feel for the platform with free demo accounts. After contacting customer care, Muslim traders will be able to access Islamic accounts (which do not incur fees for swaps).
Axiory trading fees
With Axiory, the spread is deducted as a brokerage fee from Standard and Max accounts. There is a $6 per lot charge for Nano and Tera accounts (this may change for different assets).
CFDs on shares have an extra commission, as determined by the broker. The account has no inactivity fee. The client will not be charged any fees for making or receiving a deposit or withdrawal.
Axiory trading experience
Axiory’s servers are hosted on Equinix facilities, the same kinds of facilities used by the largest Tier-1 banks. Tokyo (TY3) hosts the MT4 terminal, whereas London (LD5) is home to cTrader.
Clients of Axiory use the desktop and mobile versions of MetaTrader 4/5 to conduct trades. In addition, there is a platform called cTrader that can execute trading algorithms built in C # language. When using the cTrader API, your Expert Advisors and scripts will run more smoothly.
Slippage statistics are available on the broker’s website, demonstrating a normal distribution between positive and negative numbers and attesting to the reliability of order execution.
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Axiory trading security
Axiory’s registration number is 127090 and its licence number is 000122/405 with the Belize International Financial Services Commission (IFSC). The broker is subject to an audit by a market leader once every two years.
A negative balance is prevented by the broker. If the account balance goes negative due to customer purchases, it will be reverted to zero.
Withdrawals from Axiory can now use two-factor authentication. If this function is enabled, all withdrawal requests will require confirmation via a link in a verification email.
Axiory withdrawal conditions
Within 24 hours (during business hours), Axiory will handle your withdrawal request. You can cash out to a debit or credit card issued by Visa or Mastercard, a bank transfer, or a payment processor like Neteller, Skrill, SticPay (not available to business clients), BitPay, or VLoad.
The smallest amount you can withdraw is $11, or $100 if you want to use a bank wire.
There may be a 10-day processing time for bank transfers and withdrawals to credit/debit cards. After the broker gives the okay to the withdrawal, the funds are available on the electronic payment system within minutes.
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