axiory.com in short
Axiory is the trade name of Axiory Global Limited, which is incorporated in Belize. The company claims to be authorized and regulated by the International Financial Services Commission (IFSC) in Belize. The company claims to offer excellent trading conditions such as spreads starting from 0 pips, leverage up to 1:777 and minimal slippage. Customers can trade CFDs on currency pairs, commodities, indices, and shares via the well-known MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader terminals.
Regulation
According to the provided legal documents on the website, Axiory Global Limited is a limited liability company established in Belize as an operating subsidiary within the Axiory Group of companies under registration number 127090. Axiory Global is authorized by the International Financial Services Commission of Belize (IFSC), under license number 000122/163. The register on the official website of the regulator shows that the company really has a license. In addition, all client funds are segregated from the company’s funds, it claims. Axiory is a member of the Financial Commission, which is an independent dispute resolution organization covering claims up to USD20,000 in compensation.
Account Types
There are five types of live accounts, which differ in the spreads offered, the maximum leverage, and the commission charged. All accounts require an initial deposit of at least USD10 and use the Market Execution model (with slippage).
Nano Account – The maximum leverage is up to 1:400, and the average spread for the EUR/USD pair is 0.2 pips. You will be charged a USD6/lot commission plus USD0.04 per CFD on shares (min. USD6). This account is available on MT4 and cTrader terminals.
Standard Account – The maximum leverage is up to 1:400, and the average spread for the EUR/USD pair is 1.2 pips. You will be charged a commission of USD0.04 per CFD (min USD6) if you trade shares. This account is available on MT4 and cTrader terminals.
MAX Account – The maximum leverage is up to 1:777, and the average spread for the EUR/USD pair is 1.8 pips. You will be charged a commission of USD0.06 per CFD (min USD8) if you trade shares. This account is available on MT4 and cTrader terminals.
TERA Account – The maximum leverage is up to 1:400, and the average spread for the EUR/USD pair is 0.2 pips. You will be charged a USD6/lot commission plus USD0.04 per CFD on shares (min. USD6). This account is available at the MT5 terminal.
ALPHA Account – The leverage is fixed at 1:1, which means there is no leverage. This account is intended for stock trading only and is available at the MT5 terminal. The commission starts from USD1.5/lot.
Market Maker or STP Brokerage?
The company has provided the “Terms and Conditions” document that is the only file where you can try to search how the company acts against the client. However, it is not written clearly how the company executes client orders or which the execution venue is. You can find that the company may transmit or execute customer orders. In other words, most probably Axiory is the sole execution venue for fulfillment of client’s orders, acting as a market maker. It generally makes its money from the spreads that are embedded in the price of the instruments and from the commission charged. However, a client’s loss may result in the profit for the company and vice versa. Being a market maker involves a conflict of interest because when the company executes orders, it keeps the risk to itself.
The “Trading Execution Risks” document explains that due to an increase in volatility or volume, orders may be subject to slippage. This most commonly occurs during fundamental news events. This means that market orders will be filled at the first available price. In addition, stop loss orders are not guaranteed.
The “Terms and Conditions” document shows that clients are covered by the Negative Balance Protection policy. This means that the maximum loss cannot exceed the account balance. If the margin becomes negative in an irregular situation such as concentration of market order, it will be set to zero within seven business days.
Fees
The “Terms and Conditions” file does not mention anything about the inactivity fee. However, it defines when the client account becomes inactive. If there is no activity for a period of three months (no deposits, withdrawals, or trading activity) in the trading account, it becomes inactive, and you must be ready to be charged or your account closed.
Deposits and Withdrawals
Axiory offers a variety of ways to deposit funds to your account including bank transfer, credit or debit cards, e-Wallets such as Neteller, Skrill, and Sticpay. The company does not charge any deposit fees, but you must cover any fees charged by payment providers. Processing times depend on the payment method and for example bank transfers can last up to 10 business days.
Withdrawals must be made by the same payment method with which the customer’s trading account is credited. Axiory does not charge any deposit fees, but you must cover any fees charged by the payment method provider. Processing times depend on the payment method and for example bank transfers can last up to 10 business days. Please keep in mind that Axiory reserves a maximum period of five working days, starting from the moment of submitting a withdrawal request, before the funds are transferred to the customer’s account. The company will use this period to verify the validity of the withdrawal request and customer documents.
Trading Platforms
You can trade via three of the most used terminals worldwide – MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.
MetaTrader 4 (MT4) is the world’s most popular trading terminal. Thanks to its simple and intuitive structure, customers can trade, analyze, and manage risk and exposure at the same time. MT4 provides a wide range of management tools, advanced charts, many indicators, and technical analysis tools. In addition, MT4 also features algorithmic programming for automatic trading using the so-called expert advisors (EAs).
The MetaTrader 5 (MT5) platform is defined as an upgrade of MT4. MT5 elevates the qualities and characteristics of MT4, with advanced financial trading functions and excellent technical and fundamental analysis tools. With MT5 you can use 80 built-in technical indicators, 24 graphical objects, 21 timeframes and a one-click-trading option.
MetaTrader platform is available as a desktop version for Windows and MAC machines, and as a mobile app for Android and iOS devices.
cTrader is a leading multi-asset trading platform that offers many charting tools, advanced order types, market depts quotes (Level II) and faster order execution. The intuitive user interface is connected to sophisticated backend technology. cTrader can be run on both PC and mobile devices, as well as in all modern browsers. Axiory offers a desktop version of the platform.
Assets
Currency Pairs – more than 60 major, minor, and exotic currency pairs can be traded. The spread for the EUR/USD pair depends on the trading account and starts from 1.9 pips in the “MAX” account and from 0.2 pips in the “NANO” account (commission will be charged).
Indices – You can trade CFDs on 10 indices, such as ASX, CAC, FTSE etc. The standard spread for DAX depends on the account type and is within 1.5-1.9 points.
Commodities – CFDs on 9 commodities are available (4 precious metals and 3 energies). The standard spread for Gold depends on the account type and is within USD0.45-USD0.09.
Shares – CFDs on nearly 80 US companies are available for trading. The standard spread for Apple shares is USD0.027 and for Tesla shares is USD0.23. In addition, you can buy over 100 physical US shares, if you open the “ALPHA” account.
Summary
Axiory is the trade name of Axiory Global Limited, which unfortunately is authorized and regulated by the International Financial Services Commission (IFSC) in Belize. The documents show that the company probably acts as a market maker, which leads to some conflict of interest. You can trade through three of the popular terminals – MT4, MT5 and cTrader. You can even buy physical shares and trade them without leverage. You can open a real account with just USD10.
A fascinating discussion is worth comment. I do believe that you should write more about this subject matter, it may not be a taboo subject but typically folks dont talk about such issues. To the next! Cheers!!