Overall Rating

4.7/5

Rated #10 of
Recommended FX Brokers

Minimum Deposit

$10 

Regulators

IFSC

📱 Trading Desk

MetaTrader4, MetaTrader5, cTrader

₿ Crypto

No

📈 Total Pairs

60+

Islamic Account

Yes

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Axiory

Open a Real Account

Our Axiory Account Types Revealed:

• ✔️Axiory Overview
• ✔️Axiory Account Types
• ✔️Axiory Account Features
• Axiory Demo Account
• Axiory Islamic Account
• Axiory Pros and Cons
• AXIORY AT A GLANCE

Axiory Overview

Established in 2012, Axiory is an STP and ECN broker that is headquartered in Belize, with regulation and authorization through the International Financial Service Commission (IFSC) in Belize.

Axiory is a brand powered by “Purple Technology,” which is a global Fintech company and online trading brand that provides all types of brokers the best trading solutions, server management and optimization, competitive trading conditions, web application development, payment solutions, and more.

Axiory was founded by fund managers and since its inception, it has grown to become a leading global brand that uses innovative technologies and infrastructures, offering 150 financial instruments spread across several asset classes.

The broker is well-known for its fast trade execution speeds of less than 200 milliseconds, attributable to the Equinix data centres that are based in New York, London, and Tokyo. Axiory operates according to Straight-through Processing (STP) and Electronic Communication Networks (ECN) through a No-dealing desk (NDD) business model.

This means that all orders are sent to an interbank liquidity pool where they are executed, and traders can expect some of the best prices and execution speed.

Axiory Account Types

Axiory offers traders a choice between five different account types. Each account is tailor-made to suit different traders according to their unique trading needs and objectives. The account types offered by Axiory include:

• Nano Account
• Standard Account
• Max Account
• Tera Account
• Alpha Account

In addition to these live trading account types, traders are also provided with the option of a demo account and Muslim traders can convert all live trading accounts, except the Alpha Account, to an Islamic account.

Axiory Account Features

Nano Account

The Nano Account, as the name suggests, allows traders to trade micro-lots without and limits on the maximum open or pending orders per client. This entry-level account is perfect for beginners as well as traders who want to test their trading strategies.

The features on this account type include the following:

• An ultra-low minimum deposit of $10 with the option of opening an account in either USD or EUR
• Average spreads that start from 0.2 pips on EUR/USD, which indicates that mark-up is added to the spreads
• Leverage up to a maximum of 1:400
• Commission charges from $6 per lot traded on Forex instruments
• Commission charges of $0.04 per CFD on Stock CFDs, with a minimum of $6 charged
• Negative balance protection is applied to all retail accounts
• The ability to use hedging strategies
• Micro-lot trading allowed from as little as 0.01 lots
• Maximum order size of 1,000
• Lot size of a maximum 100,000 standard lots
• Unlimited open/pending orders per client
• Access to either cTrader or MetaTrader 4
• The option of converting this account to an Islamic Account

Standard Account

The Standard Account is a typical account type that caters for most traders. This account type has the following features:

• A minimum deposit of $10
• Maximum leverage up to 1:400
• Average variable spreads from 1.2 pips EUR/USD
• The benefit of commission-free trading on forex
• Commissions of $0.04 on Stock CFDs
• EUR or USD as the base account currency option
• Negative balance protection applied to this account type
• The ability to use hedging strategies
• Micro-lot trading allowed from as little as 0.01 lots
• Maximum order size of 1,000
• Lot size of a maximum 100,000 standard lots
• Unlimited open/pending orders per client
• Access to either cTrader or MetaTrader 4
• The option of converting this account to an Islamic Account

Max Account

The Max account caters for more advanced traders and features the following:

• A minimum deposit of $10
• Average variable spreads from 1.8 pips EUR/USD
• The benefit of commission-free trading on forex
• Commissions of $0.06 on Stock CFDs with a minimum of $8 per lot
• EUR or USD as the base account currency option
• Maximum leverage up to 1:777
• Negative balance protection applied to this account type
• The ability to use hedging strategies
• Micro-lot trading allowed from as little as 0.01 lots
• Maximum order size of 1,000
• Lot size of a maximum 100,000 standard lots
• Unlimited open/pending orders per client
• Access to either cTrader or MetaTrader 4
• The option of converting this account to an Islamic Account

Tera Account

The Tera Account is intended for experienced traders who want the best out of their trading, featuring the following:

• A minimum deposit of $10
• Average variable spreads from 0.2 pips EUR/USD
• Commissions of $6 charged per forex lot traded
• Commissions of $0.04 on Stock CFDs with a minimum of $6 per standard lot.
• EUR or USD as the base account currency option
• Negative balance protection applied to this account type
• The ability to use hedging strategies
• Micro-lot trading allowed from as little as 0.01 lots
• Maximum order size of 1,000
• Lot size of a maximum 100,000 standard lots
• Unlimited open/pending orders per client
• Access to MetaTrader 5 through which trades can be executed
• The option of converting this account to an Islamic Account

Alpha Account

The Alpha Account is an investment account that is intended for professional traders and investors, allowing traders to become shareholders from as little as $1, providing them access to global shares and stocks.

The Alpha Account is a share dealing account with the following unique features:

• Flexible minimum deposits without a set requirement
• Commissions of $1.5 charged per lot traded
• EUR or USD as the base account currency option
• The minimum trading volume is 1 standard lot
• Maximum order size of 10,000
• Lot size of 1 lot refers to 1 share per lot
• Unlimited open/pending orders per client
• Access to MetaTrader 5 through which trades can be executed

Axiory Demo Account

The Axiory demo account is a risk-free environment that reflects the trading conditions of a live trading account without traders risking their funds. Traders have access to real-time market conditions, allowing them to practice trading, test strategies, and explore what the broker offers.

Traders also have access to Axiory’s free technical and fundamental analysis that they can use, or traders can practice new analyses. The features on the Axiory Demo account include:

• The demo account is available for an unlimited time
• Traders get $10,000 in virtual funds
• A choice between EUR and USD as the base account currencies
• A choice between all live trading accounts
• Flexible leverage that allows traders to test the trading conditions and platform accurately
• Traders can choose between cTrader and MetaTrader 4 for demo purposes
• Traders have full access to all trading tools, expert advisors, and indicators
• Full customer support is provided
• Multiple demo accounts are allowed
• Traders can keep their demo account even if they register for a live trading account

Axiory Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Axiory aims to provide all traders with the best possible trading conditions and those who adhere to the Islamic faith are not excluded from this, even though Muslim traders are not allowed to earn or pay interest.

Muslim traders who use Axiory can therefore apply for an Islamic account by following these steps:

• Register for a live trading account between Nano, Standard, Max, and Tera Account.
• Once the account has been approved, traders can contact Axiory Customer Support to request conversion.
• Once the request is approved, the new account creation will take up to 24 hours.

While Muslim traders are exempted from paying or earning swaps, traders are charged commissions for holding periods, subject to change as per market conditions. These holding charges are as follows:

• CADJPY, USDJPY, NZDCAD, AUDNZD, AUDCAD, EURJPY – $3
• AUDCHF, NZDCHF, CHFJPY, CADCHF, EURCHF, EURAUD, NZDUSD, USDCHF, EURNZD, USDCAD, EURUSD, GBPJPY, EURCAD, AUDJPY – $5
• AUDUSD, NZDJPY, XAUUSD, EURGBP, GBPUSD, GBPNZD, GBPCHF, GBPAUD, GBPCAD, XAGUSD, CL – $8

Axiory Pros and Cons

You might also like: Axiory Demo Account – Step by Step

You might also like: Axiory Fees and Spreads

You might also like: Axiory Islamic Account Overview

You might also like: Axiory Minimum Deposit

Overall Rating

4.7/5

Rated #10 of
Recommended FX Brokers

Minimum Deposit

$10 

Regulators

IFSC

📱 Trading Desk

MetaTrader4, MetaTrader5, cTrader

₿ Crypto

No

📈 Total Pairs

60+

Islamic Account

Yes

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Axiory

Open a Real Account

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with Axiory?

You can trade any of the following instruments:

• Forex
• ETFs
• Individual shares
• Stock CFDs
• Indices CFDs
• Energies
• Metals

Which platforms are supported by Axiory?

Axiory supports the following trading platforms:

• cTrader
• MetaTrader 4
• MetaTrader 5

Does Axiory offer leverage?

Yes, Axiory offers leverage up to a maximum of 1:777.

What spreads can I expect with Axiory?

You can expect spreads from as little as 0.2 pips EUR/USD.

Does Axiory charge commission?

Yes, Axiory charges commissions that start from $0.04 per CFD on Stock CFDs.

Are there additional charges on the Islamic account?

Yes, Axiory charges holding commissions that range from $3 up to $8 on forex pairs.

Is Axiory regulated and by whom?

Yes, Axiory is regulated by the IFSC in Belize.

Is Axiory a recommended forex trading broker for experts and beginners?

Yes, Axiory is a forex trading broker that is recommended for experts and beginners alike.

What is the overall rating out of 10 for Axiory?

8/10.

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

Does Axiory offer a demo account?

Yes, Axiory offers a demo account.

How long is the demo account valid?

The demo account from Axiory has unlimited availability.

Which live trading accounts does Axiory offer?

Axiory offers the following live trading accounts:

• Nano Account
• Standard Account
• Max Account
• Tera Account
• Alpha Account

Does Axiory offer an Islamic Account?

Yes, Axiory offers an Islamic account option on all accounts except the Alpha Account because this is a share dealing account.

What are the available deposit currencies for a live trading account?

Axiory supports the following deposit currencies:

• USD
• EUR

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with Axiory?

$10 for live trading accounts and $0 for a share dealing account.

How do you make a deposit and withdraw money with Axiory?

• Credit Cards
• Debit Cards
• International Wire Transfer (SWIFT)
• Sticpay
• Neteller
• Skrill
• Vload
• ThunderXPay

Does Axiory charge withdrawal fees?

No, Axiory does not charge withdrawal fees.

How long does it take to make a withdrawal?

Depending on the withdrawal method, withdrawals can be immediate or take up to 10 days.