AXIORY – Forex Broker Review in 2020

>> Go to AXIORY website

Pros, Cons, and Conclusion of Review – AXIORY

Pros of AXIORY

• Fast execution based on strategically located global infrastructure including Equinix data centers.
• Extremely narrow spread
• Full set of security measures of clients’ fund
• Focus on cTrader, not only MT4/MT5

Cons of AXIORY

• Only Belize license.
• No promotions, no bonus
• Account currencies are only USD and EUR

Conclusion of AXIORY

Company profile and license

Axiory Global Limited has been founded in 2013. Their Registration Address is No.1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

AXIORY is regulated by International Financial Services Commission (IFSC) in Belize.

(Do you know where Belize is? It is a Caribbean country.)
Belize is well known offshore jurisdiction to obtain forex trading license. But recently Belize regulation changed its policy and require higher capitalization and standards for brokerage business with deposit capitalization of $100,000 at the application process.

Trading Condition

Account Type

AXIORY offers 3 Account Types (Nano Account, Standard Account and MAX Account), and 2 Platforms (MetaTrader4 “MT4”, and cTrader).

Trading Instruments

Forex: 61 currency pairs

CFD (Stock Indices) : 10 items
CAC, DAX, STOXX50, FTSE, ASX, NIKKEI, NSDQ, SP, DOW, HK50

CFD (Energies): 5 items
CL, NGAS, BRENT, CLi, BRENTi

CFD (Metals): 4 items
XAUUSD, XAGUSD, XPDUSD, XPTUSD

Spread and swap

AXIORY discloses average spread and swap points on the official website. In addition, AXIORY discloses “real time spread” on the official website.
Average spread and swap of major currency pairs are as follows.

in addition to above spread, in case of Nano account, AXIORY offers 6USD per 1lot as “commission” (that means 3USD as one way).

Leverage

The maximum leverage of AXIORY is 1:400 for “Nano” account and “Standard” account, 1:500 for “Max” account.

If clients balance exceed $100,000 will have the leverage lowered to 1:300.

Margin call and Stop out level

Margin call level on all accounts (Nano, Standard or MAX) is 50%.
Stop out level on all account is 20%.

Stop out logic is different between MT4 and cTrader as follows.
Stop out logic in MT4:
The most unprofitable position is closed first and subsequently all other positions are closed starting from least to most profitable.

Stop Out logic in cTrader;
Smart stop out works by partially closing the position which is taking the most margin. This position will be partially closed in the smallest possible increment needed to restore customers’ margin level to above the stop out level.

Deposit and withdrawal methods

AXIORY allows deposit methods as follows.

AXIORY allows withdrawal methods as follows.

Fast execution

AXIORY installed servers and execution cores in strategic locations around the world.
AXIORY trading platforms are located in major Equinix co-location centers with major tier-1 banks. MT4 is hosted in Tokyo (TY3), and cTrader is hosted in London (LD5). Not only western countries customers, Asian customers can enjoy high performance, because their order is processed by Tokyo server. AXIORY local data centers in London and Tokyo help to avoid over-connection at any given time. Together with three layers of redundancy and a back-up system, a great level of stability is ensured.

AXIORY assures as follows.

No execution delay
There is no requote
There is no promise rejection

Trading platform

They allow two trading platforms, Metatrader4 “MT4” and cTrader.

cTrader has been on the market for almost 10 years. Because cTrader is a much younger trading platform than MT4, cTrader platform has been built using the latest technologies and trends. In many respects, cTrader already exceeds the feature set of MT4, and is still being updated regularly with new features and improvements. All updates are focused on improving traders experience and helping them to manage their risk and trade effectively.

Advantages of cTrader as follows.

• Modern and user-friendly architecture
• One login for all your accounts – grouped under “cTrader ID”
• Ability to “favorite” a symbol or timeframe, to get quick access
• Excellent execution capabilities
• More than 60 native indicators
• cTrader Automate – integrated function for automatic trading

Both MT4 and cTrader can be downloaded from AXIORY official website for free.

Brokerage Model

AXIORY adopts NDD (Non-Dealing Desk).
Standard and Max account is based on STP, and Nano account are based on ECN

Whether scalping is possible or not

Scalping is allowed. Clients can also use automated trading tools.

List of Liquidity Providers

AXIORY discloses list of their liquidity providers on official website.

Promotions

AXIORY does not offer any promotions, any bonus.

Security of Clients’ Funds

Negative Balance Protection

AXIORY ensures that customers’ account never ends up as “negative balance”.

“Negative balance” means that customers bear debt as liability. AXIORY system is constantly monitoring customers trading account. If significant price movements in forex market which would lead to a negative balance happen, AXIORY resets customers’ account balance as 0 “zero”. As a result, customers NEVER lose money more than customers’ deposit, and customer NEVER bear debt. In other words, AXIORY covers (compensates) the costs of customers’ any additional losses.

Segregation of Funds

All customers’ funds are strictly segregated from the AXIORY’s funds in a segregation process. The process is monitored by PwC, which is one of the biggest international audit firm called “Big4”, through “ISRS 4400” (agreed upon procedure) reports.

Member of The Financial Commission

AXIORY holds a “Category A” membership with “The Financial Commission”, which is an independent disputes resolution organization. Any of AXIORY’s customers have right to present their disputes to the Financial Commission. Customers’ deposits are protected by a compensation fund of 20,000 USD.

Other Points

Customer Support

Not only email, customer can use Live Chat 24/5 for any questions or concerns.