Axiory Review 2024 with Rankings by Dumb Little Man

Axiory Review

A “forex broker” is necessary if one wishes to trade foreign currencies. They provide traders with access to foreign currency markets by acting as intermediaries. Axiory is a well-known player in this market, offering a range of trading services appropriate for various trading needs.

Axiory’s range of exchange-traded assets, which includes stocks from well-known companies like Apple, Amazon, Pfizer, and Microsoft, is one of its standout features. It is a flexible option because it provides traders with a platform to trade in hundreds of exchange-traded funds (ETFs) and exchange-equities.

This broker emphasizes community and mentoring heavily, fostering a trading environment where individuals may engage with peers, mentors, and a wide variety of traders. Ensuring that traders receive first-rate help and never feel alone when trading is the aim of Axiory’s strategy.

Since it is based on the thoughts and trading experience of experts at Dumb Little Man, this Axiory review offers a knowledgeable perspective on its offerings and skills in the Forex market.

>> Also Read: 9 BEST Forex Brokers For 2024: Reviewed By Dumb Little Man

What is Axiory?

Since its founding in 2011, Axiory has grown to become a major player in the online trading industry over the course of ten years. They started off concentrating on trading products and on trading CFDs (Contracts for Difference), and they have continuously tried to provide traders with attractive terms.

Axiory placed a strong emphasis on customer-centricity as it grew internationally, establishing teams in other nations and adjusting to diverse languages and cultures.

The organization has achieved a number of milestones along the way, which has improved accessibility and efficiency for merchants. Axiory established the MyAxiory customer zone, cooperated with a significant financial company, and obtained the FSC license and regulation in 2013.

By 2014, it had increased the size of its internal accounting department, extended support hours, and enhanced CFD margin and profit computations.

2015 saw more advancements with the beta version of the IB portal being made available and the continuation of the bank’s commitment throughout the rate cut by the Swiss National Bank. Instant deposits and the elimination of trading fees for payments above $200 USD were introduced in 2017.

In 2018, Axiory launched the cTrader trading platform, established a Dubai office, and began to distribute dividends on CFD indices. Additionally, a new IB portal was revealed.

2019 was another historic year, marked by the launch of the Max account, increased leverage for crude oil, swap-free Islamic accounts, and enhancements to verification processes. In 2020, Stock CFDs were introduced on MT4, with help from Vietnam; the maximum leverage was increased to 1:777; there were four international awards; and there was participation in COVID relief efforts.

Axiory lowered the minimum deposit amount to $10 USD, launched Tera and MT5 Alpha accounts, and became a multi-asset broker in 2021 to commemorate its tenth anniversary. Reiterating its successful pattern of receiving international recognition, it was selected as the “Best Educational Provider.”

As seen by its commitment to improving services, tools, and trading platforms over the course of its existence in order to put traders’ needs first, Axiory is a well-known brand in the online trading industry.

Safety and Security of Axiory

Axiory users’ safety and security are of utmost importance, and they are supported by extensive safeguards and stringent regulatory supervision. This data, which Dumb Little Man obtained via extensive investigation, demonstrates the strong structure guaranteeing trader protection.

The activities of Axiory are supervised by reputable regulatory agencies. International financial service providers are subject to strict regulation and oversight by the Financial Services Commission of Belize (FSC).

With an emphasis on safeguarding traders, Axiory Global Ltd is subject to stringent oversight by the FSC, as demonstrated by License No. 000122/405.

Furthermore, the Financial Services Commission of Mauritius (FSC), which promotes equity, effectiveness, and transparency in financial institutions, is in charge of the Tradit Ltd. brand of Axiory. The FSC has granted permission and regulation to this trademark under License No. GB21026376.

Apart from adhering to regulations, Axiory has put in place multiple security tiers. Segregated accounts are used to keep client funds completely apart from Axiory’s operating funds. One essential component of financial security in trading is this segregation.

To further elaborate on this Axiory review, it belongs to the Financial Commission, an impartial self-regulatory body that facilitates the settlement of disputes between brokers and traders. For traders, participation in this Compensation Fund offers an additional degree of security.

Axiory’s balances are subject to third-party auditing in order to further improve accuracy and confidence. This guarantees that the balances of traders are not inconsistent. Furthermore, Axiory values total openness in all aspects of its business.

This is demonstrated by their willingness to share trading statistics and historical MT4 data on their website, which enables traders to independently verify and have faith in the trading platform.

To put it succinctly, Axiory’s dedication to safety and security includes strict adherence to regulations, financial safeguards, dispute resolution procedures, and an open approach—all of which help to create a safe trading environment.

Pros and Cons of Axiory

Pros of Axiory

• Diverse trading products
• Community and mentorship focus
• Over a decade of market and trading experience
• Strong regulatory compliance
• Enhanced security measures
• Transparent operations
• Variety of account types
• Regional customer support
• Automated systems for affiliate program

Cons of Axiory

• Limited regional phone support
• Potential language barriers
• Reliance on email for support
• No 24/7 support mentioned
• Trading fees for dormant accounts
• Complex corporate account setup process

Sign-Up Bonus of Axiory

Upon signing up, Axiory extends a substantial welcome gift to new traders, giving them free virtual money valued at $10,000 USD. With the help of this virtual fund, trading platform novices can practice trading without taking any risks.

While there is no deposit bonus, it’s a terrific opportunity for beginners to practice, gain confidence, and get accustomed with the trading atmosphere before making a real money commitment. The warm welcome from Axiory demonstrates their commitment to supporting and guiding inexperienced Forex traders.

Minimum Deposit of Axiory

Because Axiory’s minimum deposit is designed to accommodate a variety of traders, the trading platform is user-friendly and easily accessible. The minimum required to start trading is usually a fair 10 USD, so traders from a variety of financial backgrounds can participate in trading activities.

There is a specific criterion for those who prefer to deposit money through bank transfer. Except for Nigeria, merchants sending money from any country must deposit at least $100 USD. For international traders who favor bank transfer, this is an important consideration.

However, for Nigerian traders using Bank Wire Transfer, the minimum deposit remains at the more reasonable $10 USD.

The various minimum deposit requirements show how Axiory aims to satisfy the diverse needs of its global user base by striking a balance between financial accessibility and convenience.

Axiory Account Types

Axiory has multiple account types to support a wide range of trading strategies and styles. The Dumb Little Man team has thoroughly inspected and tested every sort of account, and each one has unique features to suit different trading styles. A closer look into each account is provided here:

Nano Account

One of the main draws for traders using this Nano account is the low spreads. With average spread as low as 0.2 pip and a minimal cost per lot, it’s an excellent choice for scalping and high-frequency trading strategies. The Nano Account is designed for traders looking to make regular, tiny profits from market fluctuations.

Standard Account

The Standard and Max Accounts offer no-commission structure makes it perfect for novice traders or those who only want basic trading. In this account, the average spread begin at 1.2 pip unlike in the Nano account.

This account type, which offers wider spreads and a simple cost structure, is advantageous for traders who are new to Forex and trading CFDs.

Max Account

The Max Accounts, which offers leverage up to 1:777 and is designed for traders looking for higher leverage and lower spreads, enables traders to open larger positions with less capital outlay. There is no commission and spreads start at 1.8 pip which is bigger than the Nano account.

Alpha Account

The Alpha Account, which targets seasoned traders, offers raw spreads and has a lot-by-lot commission. For traders who would rather trade with a tight average spread and are willing to pay commissions in exchange for lower buying and selling prices, this account is perfect.

Alpha Account is appropriate for experts and active traders who use complex trading techniques.

Tera Account

With customized trading conditions, including leverage options, the Tera Account is specifically made for experienced traders. Priority support is also offered to high-volume traders in order to meet their needs. Experienced traders who need flexibility and individualized care to complement their sophisticated trading strategies should use this account.

Axiory Customer Reviews

Axiory user reviews paint a variegated picture of users’ experiences with the trading platform. Positively, users value the profitable signal network, excellent fund management, and affordable minimum startup fund. It’s also commendable that the trading platform can process revenues quickly, as the $25 No Deposit Bonus demonstrates.

Concerns exist, nevertheless, because some users feel that customer service is not as readily available as they would want. Furthermore, some customers find the corporate account setup process to be extremely time-consuming and annoying, which suggests that some administrative procedures may use some streamlining and increased efficiency.

While many customers regard Axiory to be adequate overall—especially for individual trading accounts—there are certain areas that might use improvement, especially in the areas of customer assistance and account setup.

Axiory Fees, Spreads, and Commissions

The trading fees, spreads, and commissions policy of Axiory is designed to accommodate the fluctuating nature of the financial markets as well as the various demands of traders. Their pricing structure is simple and easy for the general public to comprehend.

Axiory is the only company that offers floating spreads. This implies that instead of set spreads, which don’t fluctuate based on fluctuations in the market, the spreads vary to reflect current market conditions. Spreads that are floating can be useful for traders who want to profit from market volatility.

The type of account determines the commission structure. There is a 6 USD per lot commission for the Nano and Tera accounts. The commission for the Alpha account is less; it starts at USD 1.5 per lot.

Interestingly, there are no commission costs associated with the Standard or Max account, which makes them appealing choices for traders who want a more straightforward pricing schedule.

Axiory levies a dormant account fee in relation to account maintenance. Accounts with a balance are subject to a fixed monthly fee of $5 USD if they are inactive. Until the account is reactivated or the debt is paid in full, this fee is charged.

When calculating the monthly fee, relevant conversion rates are also taken into account for accounts held in various currencies.

Deposit and Withdrawal

At Dumb Little Man, a trading expert has carefully examined and validated the simple process for depositing and withdrawing money from Axiory.

Traders must first complete at least the LIGHT verification level in order to make a deposit. The MyAxiory client zone is where the procedure starts. After logging in, users select their preferred payment method by clicking the DEPOSIT button, with instructions displayed on the screen.

It is noteworthy that clients of Tradit Ltd. are not able to make card payments, and exchange rates are applicable in cases when the funding currency is different from the trading account currency.

Prepaid cards are not accepted, corporate clients are subject to limitations, and deposits may be delayed as a result of Anti Money Laundering (AML) laws. These are additional requirements.

With the exception of wire/bank transfers, where the minimum amount is $100, the minimum withdrawal amount is $10 USD. This process begins in the MyAxiory client zone, just like deposits do. The request is processed by Axiory’s team after choosing the withdrawal option and following the instructions, usually in a single business day.

Withdrawals by wire and card might take anywhere from three to ten business days, depending on the mode of payment.

Axiory’s 2-Factor Withdrawal Authentication improves fund security. To ensure that only the account holder can access and withdraw cash, this feature requires a trader to confirm each withdrawal request using an email link.

How to Open an Axiory Account

Axiory’s account opening process is simple, rapid, and conveniently accessible from anywhere at any time. The following are the essential first steps:

1. To start the Axiory account opening procedure, go to axiory.com/register.
2. To create an Axiory trader account, enter your email address and first and last names.
3. Create a strong password using a combination of letters, numbers, and symbols, and add your phone number.
4. Enter your affiliate code in the designated field if you have one, or omit it if not.
5. Read the Terms and Conditions and Privacy Policy carefully, then sign off.
6. To complete the registration process, click the ‘Start Trading’ option.
7. After completing the signup process, get instant access to Axiory’s demo account.
8. The signup procedure takes less than 30 seconds, on average, as it is meant to be short.
9. For your convenience, Axiory’s onboarding system is accessible around the clock, 365 days a year.

Axiory Affiliate Program

Through the Axiory Affiliate Program, people and companies can collaborate with a well-known international Forex broker in a potentially profitable way. The goal of this program is to assist affiliates in successfully and profitably expanding their enterprises.

Axiory’s automated smart system ensures prompt and hassle-free commission payments, so affiliates can rely on consistent payouts. This program’s dependability is essential to making sure affiliates get paid on a regular basis.

Professional marketing materials, such as banners and landing pages that are optimized, are provided by the program. These trading tools are designed to assist affiliates in drawing in new traders, increasing the scope and efficacy of their businesses.

Collaboration is the cornerstone of Axiory’s affiliate network. Affiliates can work closely with a trading account manager to make plans for growth and success in the future. They may also benefit from ongoing product expansions, seasonal promotions, and exclusive offers.

The program provides a range of flexible and affordable payment options to meet the diverse demands of its affiliates. The $10 Lot Rebate Plan is a desirable option for individuals who choose a rebate-based earning approach because it provides both recurring revenue and a maximum $10 reimbursement per lot.

If you want to expand your network, you may put together a team of Introducing Brokers (IBs) and sub-affiliates using the Master Affiliate option. This strategy pays 10% of the team’s earnings to the lead affiliate, creating a scalable and potentially lucrative revenue stream.

Axiory Customer Support

Prompt and efficient customer assistance is the aim of Axiory Customer Support. Based on Dumb Little Man’s interactions with Axiory’s customer support agents, this information is provided.

For clients in Belize, Axiory can be reached by phone at +501 224-4632 or by email at support@axiory.com. This provides a direct channel of communication for traders headquartered in Belize to receive help or support.

The phone number and email address for Axiory in the United Arab Emirates (UAE) are +971 45896250 and support@axiory.com, respectively. Middle Eastern traders can receive customized support from this localized connection.

In order to guarantee thorough worldwide coverage, Axiory also maintains international offices. Axiory Global Limited’s registration address is No. 1 Corner of William Fonseca Street, Marine Parade, Belize City, Belize, C.A. Furthermore, Suite 207, The Catalyst, Silicon Avenue 40, Cybercity 72201 Ebene, Republic of Mauritius is home to Tradit Ltd., another Axiory office.

Axiory Global Ltd. also maintains a representative office in Dubai, which can be found at 1008 Clover Bay, Al Abraaj Street, Business Bay.

Axiory highlights t he importance of Your Voice. Customers are encouraged to contact the company with any questions, comments, or other inquiries. Recognizing the value of user feedback in its development, Axiory is dedicated to ongoing enhancement and respects customer comments.

This customer-focused strategy demonstrates Axiory’s commitment to expanding with its user base throughout the course of the ensuing ten years.

Advantages and Disadvantages of Axiory Customer Support

Axiory vs Other Brokers

#1 Axiory vs. AvaTrade

Axiory is well-known for its exchange products, CFDs, minimal deposit requirements, and personalized trading accounts that prioritize client service and regulatory adherence. On the other hand, AvaTrade is not available to U.S. traders and is not governed by the FCA, while providing a wide array of trading instruments such as forex, equities, commodities, and cryptocurrencies in addition to educational materials and AvaProtect insurance.

Verdict: AvaTrade serves traders seeking a wide variety of trading instruments and robust instructional support, whilst Axiory may be more suited for those concentrating on CFDs and exchange products.

#2 Axiory vs. RoboForex

RoboForex outperforms Axiory in terms of advanced trading proposals and customized conditions. It also offers a wide range of trading platforms, including MT5, MT4, cTrader, and R Stock Trader. Meanwhile, Axiory continues to concentrate on CFDs and trading products that offer strong customer service.

Verdict: Axiory is a superior option for traders who value certain CFDs and exchange products together with excellent customer assistance, while RoboForex is more enticing for those looking for a variety of trading platforms and customization.

#3 Axiory vs. FXChoice

FXChoice and Axiory compare favorably because FXChoice specializes in forex and CFD trading and offers a distinctive assortment of forex pairs and commodity CFDs, which appeals to traders of commodities and emerging markets. In addition to customer support, Axiory’s focus remains on its selection of CFDs and exchange products.

Verdict: If you want to go into Forex trading with an emphasis on commodities and emerging markets, FXChoice is a great option. If you’re looking for exchange products and specialized CFDs with committed customer service, Axiory is a better fit.

Choose Asia Forex Mentor for Your Forex Trading Success

If you’re aiming for a successful career in forex trading, Asia Forex Mentor is highly recommended by trading experts at Dumb Little Man as the best educational platform for forex, stock, and crypto trading. Founded by Ezekiel Chew, a visionary in the trading world known for his seven-figure trades, Asia Forex Mentor offers several key advantages:

Comprehensive Curriculum: The platform provides a thorough educational program covering stock, crypto, and forex trading. This curriculum is designed to equip traders with essential knowledge and skills.

Proven Track Record: Asia Forex Mentor boasts a history of producing consistently profitable traders across various markets, highlighting the effectiveness of their teaching and mentorship.

Expert Mentor: Students receive guidance from Ezekiel Chew, an expert in stock, crypto, and forex trading. His personalized support helps students confidently navigate these markets.

Supportive Community: The platform includes a community of like-minded traders, fostering collaboration, idea-sharing, and peer learning, enhancing the educational experience.

Emphasis on Discipline and Psychology: Recognizing the importance of mindset in trading, Asia Forex Mentor focuses on psychological training to manage emotions and stress, promoting rational decision-making.

Constant Updates and Resources: With the ever-changing financial markets, the platform ensures students stay informed with the latest trends, strategies, and market insights.

Success Stories: Asia Forex Mentor is proud of its many success stories, with students achieving financial independence through their comprehensive education in forex, stock, and crypto trading.

In conclusion, Asia Forex Mentor stands out as the top choice for those seeking comprehensive education in forex, stock, and crypto trading. Its blend of an expansive curriculum, expert mentorship, practical approach, and a supportive community provides aspiring traders with the tools and guidance necessary to become successful professionals in the dynamic world of financial trading.

Conclusion: Axiory Review

To sum up, a large group of traders including trading specialists at Dumb Little Man believe that Axiory is a highly sought-after forex broker because of the vast choice of trading products and account kinds it provides. Even more alluring to people who are new to trading is the emphasis on community building and education.

However, it is necessary to inform prospective customers about disadvantages including the cost of inactive trading accounts and the difficulty in obtaining corporate accounts. While Axiory provides a thorough trading environment overall, some particular disadvantages should be addressed before making a decision.

>> Also Read: AAAFx Review 2024 with Rankings by Dumb Little Man

Axiory Review FAQs

What trading platforms does Axiory offer for forex trading?

Forex traders of every skill level can select the trading platform that best meets their needs thanks to Axiory’s connections to reliable trading platforms. cTrader and MetaTrader 4 (MT4) are two of these systems, which are well-known for their user-friendly interfaces, automated trading features, and powerful charting and trading tools. The flexibility of this trading platform lets traders select the one that most closely matches their trading inclinations and approach.

Is Axiory regulated by the International Financial Services Commission?

Yes, Axiory is subject to International Financial Services Commission (IFSC) regulations. Traders benefit from an extra degree of security and confidence because Axiory is certain to adhere to stringent standards and regulatory regulations by the oversight of the IFSC. As part of its commitment to upholding high standards in its business operations and product offerings, Axiory has implemented this rule.

How can I open a trading account with Axiory?

Opening an account with Axiory to trade is simple. The online registration form must be filled out by prospective traders on the Axiory website. To achieve this, they need to select the kind of trading account that best fits their trading objectives and approach, provide personal data, and have their identification verified. Traders can fund their accounts and begin placing trades after the verification process is finished.