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A Comprehensive Review of Axiory by Trade Forex
In this detailed review, we will thoroughly examine Axiory, a Non-Dealing Desk (NDD) broker that offers a range of popular Forex trading tools for both MT4 and cTrader. Founded in 2012, Axiory operates as a group of companies with its headquarters situated in Belize. This review will delve into various aspects of Axiory, including its regulation, trading platforms, trading tools, account types, commissions, minimum deposit requirements, and more.
Regulation and Credibility
Axiory’s regulatory status is an essential factor to consider for any trader. Axiory is based in Belize, known as an offshore jurisdiction that has traditionally offered relatively simple ways to obtain licenses for Forex trading. However, it’s worth noting that Belize has updated its policies, imposing higher standards on brokerage businesses. As a result, Axiory is required to deposit $100,000 USD before applying for a license. This stringent requirement adds a layer of credibility to the company, reassuring traders about the broker’s financial stability and commitment to transparency.
Moreover, Axiory ensures the strict segregation of customer funds from company funds. The broker undergoes regular audits and remains accountable to the regulator. This transparency ensures that prices are derived directly from liquidity providers, providing a reliable trading environment.
Additionally, Axiory is a member of the Financial Commission, an organization that protects client funds in the event of broker insolvency, offering compensation for losses of up to $20,000 USD. This affiliation further enhances the safety net for traders considering Axiory as their broker of choice.
Trading Platforms
Axiory offers traders a choice between two popular trading platforms: MetaTrader 4 (MT4) and cTrader.
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MetaTrader 4 (MT4): Known as the gold standard in the industry, MT4 caters to all types of traders, including those interested in automated trading. It offers a wide range of technical analysis tools, customizable indicators, and expert advisors, making it a versatile choice for traders of all levels.
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cTrader: This platform is renowned for its progressive capabilities and outstanding features. With cTrader, traders can access advanced charting tools, Level II pricing, and a user-friendly interface. It is an excellent choice for those seeking a modern trading experience.
Trading Tools
Axiory provides access to a variety of markets, including Forex, CFDs, energies, and metals. While some traders may find the selection of tools somewhat limited, it’s evident that Axiory prioritizes offering the most popular and widely traded instruments. This focus caters to both beginners and experienced traders who prefer to stick with established markets.
Axiory Trading Account Types
Axiory offers three main types of trading accounts: Nano, Standard, and MAX. One notable advantage is the ability to use both MT4 and cTrader platforms through a single account. Additionally, Axiory provides Islamic accounts for traders who require swap-free trading options.
Here’s a breakdown of the key features of these account types:
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Nano Account: This account type charges a competitive spread of 0.2 pips for EURUSD and a commission of $6 per lot.
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Standard Account: The Standard account offers a spread of 1.2 pips for the EURUSD currency pair, with no additional commission.
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MAX Account: For traders seeking higher leverage (up to 1:500), the MAX account is an option. It comes with a spread of 1.8 pips for EURUSD.
Minimum Deposit Requirement
To open an account with Axiory, a minimum deposit of $100 is required for all three account types offered by the broker. However, it’s advisable for traders to review the specific terms of each account type and select the deposit size that aligns with their trading preferences and objectives.
Final Thoughts
In conclusion, Axiory is a well-established broker with a global client base. The broker’s primary aim is to create balanced trading conditions suitable for both beginners and professional traders. Axiory achieves this by offering technical solutions and access to professional platforms such as MT4 and cTrader. With stringent regulatory compliance, transparent fund segregation, and a range of account options, Axiory presents itself as a credible choice for traders in the Forex market. Whether you are just starting or looking to enhance your trading experience, Axiory is worth considering as your trading partner. Remember, success in trading often depends on selecting the right broker, and Axiory certainly warrants a closer look. Happy trading!
