Axiory review and test – How good is the broker?

Min. deposit:
Minimum spread:
4.3 out of 5 stars (4.3 / 5)
$10 USD
From 0.0. pips

If there’s one sure thing: it’s that Axiory is unashamedly a forex broker. Yes, you can trade stock and indices CFDs, energy, and metals. But it is forex that is coursing through Axiory’s veins and DNA.

And that’s a good thing. Because you know from the word go what you are going to get. There’s no equivocation. No hint that Axiory is spinning too many plates simultaneously.

Trade more than 6,000 markets without commissions and professional platforms.

(Risk warning: 87.41% of retail CFD accounts lose money)

What is Axiory?

Axiory is, as noted, primarily a forex broker. The company was formed because a significant gap in the market was spotted for a transparent broker with the best technology.

According to Axiory, they had seen many disreputable companies tarnish online trading and depress traders’ enthusiasm who had been let down. Axiory was determined to be the other guy, the broker that forex traders could rely upon.

With this as their mindset, Axiory took off like a skyrocket, from the new kid on the forex block to global broker in a surprisingly short time span.

Regulation and safety

The Belize-based International Financial Services Commission (IFSC) has licensed and is responsible for regulating Axiory. The company’s registration number is 127090, and its registered address is in Belize City, a major port city of the Central American country. Axiory also has several other transparency and security measures in place.

Axiory holds Category A membership of the Financial Commission, an independent forex industry body that resolves disputes between brokers and clients. Membership also means Axiory client deposits are safeguarded by a $20,000 (USD) compensation fund.

All client funds are segregated and the process monitored by PwC, the global auditing firm. Funds are held in a separate bank account and cannot be used for any other purpose. Each year, PwC, one of the ‘Big Four’ global auditors, produces an ISRS 4400 report. This report checks whether Axiory has followed industry standards in its accounting. And that every last cent, penny, or Yen of client funds is correctly totaled and reconciled to Axiory’s general ledger with no discrepancies.

Transparency, compensation and zero price manipulation:

Axiory is upfront, and each month discloses its trading statistics. Should Axiory declare bankruptcy, your funds are safe and will be compensated for by a third-party auditor. The price you get is that quoted directly from the liquidity provider with no intervention or price manipulation.

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Trading conditions – What can Axiory offer?

Floating spreads are the order of the day at Axiory. In fact, that’s all that’s on offer for trading forex currency pairs. The bottom line, then, is that prices fluctuate and are sensitive to many factors, including the trading session, availability of liquidity, market sentiment and movements, and the time of day.

During news events or the opening of the markets, spreads may be wider. Or they can rapidly become much narrower, mainly when there the trading session is busier than usual. However, trading conditions and spreads vary by account type, so you should factor this in when selecting which platform to use on Axiory. Meanwhile, the dividends paid by Axiory reflect the outcome of CFD trading on indices. Dividends are paid or debited to your account on ex-dividend day. The amounts depend on whether you took a long or a short position on the day of the pay-out and the particular index you’re trading.

Axiory says their spreads are competitive, and execution speeds are fast. Their aim, like everyone else in the space, is to provide the best possible trading conditions. And, they add, to make your Axiory experience ‘positive and pleasant. There are three account types, variously offering spreads starting from 0.0 pips, zero commission or a modest charge per lot, and leverage for forex of up to 1:777.

Testing the Axiory trading platform

If you are expecting a smorgasbord of platform options with Axiory, you are in for a disappointment.

There are only two options: MetaTrader 4 and cTrader. Curiously, Axiory doesn’t offer MetaTrader 5, the eggs to MT4’s bacon. Or social trading. Both of which seem to be large and glaring omissions. While the menu platform may look somewhat sparse compared to competitors, Axiory does redeem itself with tools like Autochartist and proprietary plug-ins to ramp up the trading experience.

But let’s shakedown MT4 first before turning to the add-ons.

MetaTrader 4

MT4, as it is affectionately known, is easily the world’s most prevalent trading platform. It is, in many ways, the benchmark against which others are compared.

The software is available for :

  • Windows
  • macOS*
  • Android
  • iOS

*Due to the withdrawal of support for 32-bit apps, MT4 will not work with Catalina, the latest version of the macOS.

MetaTrader 4 was developed with forex trading in mind and provides just about everything the forex trader will ever need.

The key MT4 features are:

  • Most widely used platform, so there’s plenty of support, help, and experience within the MT4 community
  • Built-in technical indicators
  • Built-in analysis tools
  • Supports programming and backtesting custom Expert Advisor scripts
  • Contains an integrated development environment*
  • You can access historical data on Axiory’s price database*

*Desktop version only

You will also like:

  • The lack of restrictions on using Expert Advisors
  • The hyper-reliable order execution rate of 99.99%
  • The over 50 native technical indicators, including RSI, moving average, etc.

MT4 will install on Windows with no problems. However, you can read it up first in the Axiory FAQ area, which has manuals and full explanations. Since there is no native Mac version of MT4, Axiory uses Wine to optimize the app for trouble-free running on Macs. However, as mentioned earlier, Catalina, the latest macOS, is not supported, so you should take that into account.

Also trade MetaTrader 4 via the web

If you prefer using a web browser, that’s eminently possible too. WebTrader for MetaTrader 4 is the solution. All you need is a dependable broadband connection and a browser such as Google Chrome, Mozilla Firefox, or Microsoft Edge.


cTrader has always been seen as an alt trader. Some say it’s an MT4 rival. Others contend it’s an alternative. No matter your standpoint, cTrader seems to improve continuously via regular updates.

There is much to love about cTrader, and it has an ardent band of loyal users. Responsible for its popularity are:

  • It’s easy to use and intuitive
  • It’s built with the latest technology
  • It’s regularly improved
  • It has more features than MT4

Thanks to cTrader ID, an innovative account management feature, all you will ever need is one email address and password to log into all your accounts.

You will also love:

  • Favoring a symbol or time-frame for easy access
  • The excellent order execution
  • Over 60 integrated indicators
  • cTrader Automate for automatic trading

The app for Windows is frequently updated and lets you trade from multiple computer displays. The Apple version is compatible with all versions of the macOS and is easy to install.

cTrader Web:

The web browser-based variant lets you log on wherever you can connect. It supports a range of browsers, including Chrome, Safari, and Firefox. The web-based version of the cTrader platform allows you immediate access to your account. All you require is a web browser (Google Chrome, Mozilla Firefox, Safari, etc.). Get cTrader on your phone or tablet from Google Play and the App Store.

Trade more than 6,000 markets without commissions and professional platforms.

(Risk warning: 87.41% of retail CFD accounts lose money)

How to trade with Axiory?

You can learn to trade at Axiory’s Trading Academy. Whether you’re a seasoned trader or a complete novice, there is a ton of educational and training resources. The resources are forex-focused, and even if you are a forex newbie, there’s plenty on offer to get you started. You can learn where and whenever you wish at your own pace. Though it is highly recommended you work through all of the multi-level articles and guides in order to obtain a complete picture.

You can learn while using your demo account if you are an experienced trader putting your learning into practice or a learner wishing to complete boot camp.

The multi-level lessons cover:

  • The basics
  • Trading tools
  • Platforms
  • Strategies
  • Automated trading
  • Technical indicators
  • Trading Terms
  • Risk management
  • Live trading
  • Other

A series of expert-led webinars support the Trading Academy. Once you register an account, you can take part and gain valuable insights from Axiory’s professional market specialists and educators. The live webinars are held regularly from various time zones. They cover a broad swathe of topics related to forex and trading.

If you can’t attend, all the webinars, held in multiple languages, are archived to watch at your convenience. Recent webinars topics were how to use MT4, taking profit, and dealing with risk and were conducted variously in English, Spanish, and Arabic. There are also several newsfeeds to tap into. You can access them individually under the Trading Resources menu tab or see them all at once on the website.

Axiory also provides all their platforms with a range of free tools, including:

  • Autochartist for technical and market analysis
  • Axiory’s exclusive Strike Indicator to spot trends as soon as they begin
  • and MyAxiory, an account management tool for tweaking all your settings.

How to open an account

Ambitiously, perhaps, Axiory claims it can have you trading within ten minutes. They reckon this is possible thanks to their use of Jumio, an up-to-date verification system, to get clients on board much faster than is usually the case. To open an account, click or tap on the prominent Open Account button in the top menu of the Axiory home page. There are also plenty of prompts to go to the registration page littered around the website too.

Trade more than 6,000 markets without commissions and professional platforms.

(Risk warning: 87.41% of retail CFD accounts lose money)

The online form should have your country loaded based on your IP address on the registration page. The form asks the usual stuff. Unfortunately, there’s no option to register via social media or a Google account. To create a live account, you will need to offer up colored scans of two documents to prove your identity. And a document, no older than six months, providing proof of your address.

To speed up the process, you can opt to open a restricted Light Live Account using only your personal ID until you get all your documents uploaded and verified. A Light Live Account allows you to trade with a maximum of 1000 USD (or equivalent) through your credit card. The other main restriction is that you can only take out the exact amount you deposited, regardless of how much profit you make. The restrictions are lifted when your account is upgraded on the completion of verification.

There are three account types, all of which have an Islamic swap-free option, allow hedging, and can be funded in Euros or US dollars. The accounts also all include:

  • 1000 forex lot restriction per ticket
  • A forex lot size of 100,000
  • 0.01 minimum forex trade value
  • Unlimited open/pending orders


The Nano account can be regarded as the entry-level account offering average EUR/USD spreads of 0.2 pips, 1:400 maximum leverage, and 6 USD commission per lot. The commission on stock CFDs is 0.04 per stock with a minimum fee of 6 USD. The minimum deposit is 100 USD.


The Standard account is commission-free, but the average EUR/USD spread is 1.2 pips, with 1:400 maximum leverage and a minimum deposit of 100 USD. Commission on stock CFD is pitched at 0.04per CFD, subject to a minimum fee of 6 USD.


The MAX account is similarly commission-free, with an average EUR/USD spread of 1.8 pips. Leverage tops out at 1:777, and the minimum you need to deposit is 50 USD. Commission on stock CFDs works out at 0.06 per CFD, subject to a minimum fee of 8 USD.

Demo account

Axiory claims that their demo accounts are as close as you can get to the real thing. So why put real money on the line when you can go virtual?

Demo accounts are handy if you are a greenhorn to trading or want a virtual sandbox in which to try out your latest trading ideas. Either way, virtual reality forex trading comes with zero financial risks if you want to learn the ropes or test-drive new trading strategies. A demo account has access to the same trading conditions as a live account, free technical indicators, and analysis. And you have the help too of an experienced support team.

Trade more than 6,000 markets without commissions and professional platforms.

(Risk warning: 87.41% of retail CFD accounts lose money)

The key features are:

  • The demo account is not time-limited
  • 10,000 of virtual money
  • Choice of account type
  • Flexible leverage
  • Choice of the base currency
  • Choose between MT4 and cTrader

Is there negative balance protection?

Yes. Axiory offers negative balance protection as one of the tools they use to protect your cash. Negative balance protection is a risk management feature to prevent clients from losing more money than they deposited. Should your fortunes take a nosedive, then your balance will not go any lower than a big fat zero. The comfort of sorts. But vastly preferable to the prospect of losing more money than you actually hold. In the event that there is a radical price movement that blows up your account, Axiory resets your balance to zero and covers your additional losses.

Trade more than 6,000 markets without commissions and professional platforms.

(Risk warning: 87.41% of retail CFD accounts lose money)

Deposit and withdrawals

There is a range of options to deposit funds into your account, but you are restricted to either US dollars or Euros.

The payment options are:

  • Credit/debit cards – Visa, JCB but not pre-paid cards
  • Bank transfer – It can take three to ten business days to show up in your account
  • Sticpay – Only available to retail clients
  • BitPay – In your account within 15 minutes of confirmation
  • Neteller – Drops immediately into your account
  • Skrill – Immediately credited to your account
  • VLoad – There are minimum and maximum transaction limits*
  • ThunderXPay – Takes 15 minutes to show up in your account

* Axiory has set the minimum transaction using VLoad at 100 EUR/100 USD/10 000 JPY. The maximum amount is 5000 EUR/5000 USD/ 500 000 JPY.

Axiory claims it operates a strict 24-hour withdrawal process, which is good to hear as the length of time it takes for withdrawals is often a bone of contention. So long as everything checks out at the Axiory end and they have all the necessary ID verification docs in place, Axiory will turn around your withdrawal in one business day.

Depending on which method you use, the withdrawal will appear in your account either immediately or within three to ten business days. Once processed by Axiory, Sticpay, Neteller, Skrill, and VLoad withdrawals are immediate. ThunderXPay is the next fastest, with your profits arriving within one business day.

Bitpay, meanwhile, can take anywhere between one to five business days. This delay is because verifying a Bitcoin address can often be hampered by traffic congestion on the Bitcoin network. Another factor is whether you have an existing deposit history with Bitpay. If so, you can withdraw Bitcoin to your exchange-connected wallet.

Payments via wire transfer or card take the longest, the aforementioned three to ten days.

Support and services for traders

Axiory prides itself on its customer service support. According to their website, agents are rigorously trained to resolve problems or concerns in a friendly and fast manner. You will always interact with a human that cares, not get palmed off onto a bot working from a script.

Axiory also states that their customer support team is well versed to field any queries you may have about Axiory’s trading platforms, the financial markets, or the company’s additional services.

Support is available via:

  • Live chat on the Axiory website (the sizeable purple Support button)
  • By email to [email protected]
  • An online form on the Contact Us page allows you to upload documents
  • By phone to their regional hotlines in Chile, Cyprus, Singapore, United Arab Emirates, and Belize.

The customer support team operates Monday to Friday between the hours of 11 am and 7 pm (Gulf Standard Time). This timezone is UTC +4 hours. The Contact Us page also has the addresses of Axiory’s registration address in Belize City and their representative office in Dubai.

Conclusion – Axiory is a legit online broker

Despite its shortcomings in terms of platform choice, Axiory is an excellent choice for forex trading. If you want to do more than what’s possible with MetaTrader 4 and trade more instruments, you would be better off elsewhere.

Axiory, though, plays to its strengths, and that’s in forex trading, for sure. It is a good all-rounder for forex trading whether you are an utter newbie or a more advanced trader.

AXIORY review

Review of the broker AXIORY:

Trusted Broker Reviews

Regulation and safety:
Trading platform:
Trading conditions:


AXIORY is a reliable and good broker for all traders that prefer trading with MT4. Thanks to the different account models, everyone can choose the trading system they prefer. Trading also starts with a minimum deposit of $10 which is very beginner-friendly. This broker is not a scam.


Trade more than 6,000 markets without commissions and professional platforms.

(Risk warning: 87.41% of retail CFD accounts lose money)

FAQ – The most asked questions about Axiory

Is Axiory legit and safe?

The Belize-based International Financial Services Commission (IFSC) has licensed and is responsible for regulating Axiory. We also noted some negative reviews from clients online regarding the reliability of an offshore site.

What can I trade at Axiory?

Clients can trade CFD, ETFs, Stocks, Energies, and Metals.

What is the minimum deposit amount at Axiory?

The minimum deposit at Axiory is 10$.

Is Axiory a good broker?

Axiory is an overall good broker. After examining its services and performance, it can be considered a dependable and credible broker. In fact, it is also very competitive when it comes to client support and trading fees and provides excellent services in both aspects. It is considered to be an average to low risk to trade on. It has been rated 9 out of 10 in its trust score. 

How long is Axiory withdrawal?

Generally, the deposits are processed instantly, and you can withdraw your cash within three to ten processing days. There is a wide range of funding methods like bank wire transfer, debit cards, and credits, and other e-wallets like Sticpay, Skrill, NETeller, and vLoad, offered by Axiory. 

Can I withdraw from Axiory without verification?

Axiory is a well-protected trading platform and does not allow you to withdraw without verification; this feature of Axiory makes it one of the most secure trading platforms. There is two-factor authentication needed before every withdrawal to confirm if it’s you who is withdrawing. You get an option to turn on this authentication, and once turned on, you will receive a verification mail every time you request a withdrawal. 

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