- Pros, Cons, and Conclusion of Review – AXIORY
- Company profile and license
- Trading Condition
- Security of Clients’ Funds
- Other Points
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
AXIORY has only Belize license, and does not have other licenses. But AXIORY has been provided service from 2013 and already obtained high reputation and reliability, mainly with fast execution, narrow spread, and transparency, based on strategically located global infrastructure including Equinix data centers.
Especially, spread of Nano account “0.2” (EURUSD) is the narrowest among other brokers.
We will recommend AXIORY as reliable broker. Especially, AXIORY can be one of best choice for scalping traders and automatic EA traders (MT4, MT5) who seek ultra-narrow spread and fast execution.
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.
AXIORY offers 3 Account Types (Nano Account, Standard Account and MAX Account), and 2 Platforms (MetaTrader4 “MT4”, and cTrader).
|Average spread: EURUSD||0.2||1.2||1.8|
|Leverage up to||1:400||1:400||1:500|
|Account currencies||EUR, USD||EUR, USD||EUR, USD|
|Negative balance protection||Yes||Yes||Yes|
|Minimum FX trade lot||0.01||0.01||0.01|
|FX lot restriction per ticket||1,000||1,000||1,000|
|FX lot size||100,000||100,000||100,000|
|Maximum pending/open orders||Unlimited||Unlimited||Unlimited|
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.
|Currency Pair||Average Spread (pips)||Swap (points)|
|Nano Account||Standard Account||MAX Account||Long||Short|
in addition to above spread, in case of Nano account, AXIORY offers 6USD per 1lot as “commission” (that means 3USD as one way).
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.
|Payment Method||Account Currency||Deposit Fee|
|Credit/debit card||USD, EUR||Free|
|International Wire Transfer||USD, EUR||Free|
|Sticpay||USD, EUR||Possible payment fees|
|BitPay||USD, EUR||Possible payment fees|
|Neteller||USD, EUR||Possible payment fees|
|Skrill||USD, EUR||Possible payment fees|
|VLoad||USD, EUR||Possible payment fees|
AXIORY allows withdrawal methods as follows.
|Withdrawal Method||Account Currency||Withdrawal Fee|
|Credit/debit card||USD, EUR||Free|
|International Wire Transfer||USD, EUR||Remittance fee will be borne|
|BitPay||USD, EUR||Fees might be charged|
|Neteller||USD, EUR||Fees might be charged|
|Skrill||USD, EUR||Fees might be charged|
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
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.
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.
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.
Not only email, customer can use Live Chat 24/5 for any questions or concerns.