Axiory is an online forex broker that offers a few different live account types. It also focuses on Muslim clients. The Islamic faith prohibits charging any form of interest, which means that the firm doesn’t accept overnight forex trades since the latter would be charged with swaps.
Account types
Axiory is a forex and CFD broker providing online trading services to clients. It was established in 2011 with a focus on transparency and technology. It claims to have extensive experience in Asia, Africa, and LATAM countries. The broker offers various account types: essential, mini, and high-yield.
Axiory offers CFD indices, exchange stocks, exchange ETFs, and forex pairs. It also offers CFD options, such as commodities. Axiory’s website provides information in eight languages, including Arabic. Currently, it offers over 350 different assets, including FX pairs, CFD indices, exchange stocks, and ETFs. It is also expanding its offering with new asset classes.
Axiory has several account types for both new and experienced traders. The standard account requires a minimum deposit of 100 USD. It has a leverage ratio of up to 1:400. The MAX account, on the other hand, has a maximum leverage of 777:1. Axiory also supports MT4 and cTrader platforms. It is registered and regulated by IFSC-Belize.
Trading fees
Axiory is a broker that offers trading services to individuals and institutions globally. It offers over 60 currency pairs and CFDs on precious metals, indices, and energies. It also offers tight spreads and low commissions. It also offers educational resources to help clients get started in trading.
Axiory’s trading fees are highly transparent, making it easy to understand the trading costs. The company offers a range of investment products, including FX pairs, CFD indices, exchange stocks, and exchange ETFs. It also provides access to 350 underlying assets and constantly adds new ones.
To open an account with Axiory, new clients must complete a questionnaire. This helps the broker assess the experience and knowledge of the trader. Unfortunately, this questionnaire is not included in most broker accounts, so the company is doing something responsible by including it. In addition to the questionnaire, traders must also provide a photo ID.
Customer service
Axiory’s customer support is a strong point of the broker’s reputation. Customers can contact customer support via e-mail, phone, and web form. The customer service agents are highly trained to provide the best possible assistance. They can answer any questions about trading platforms or financial markets. In addition to phone support, Axiory has a live chat option. Axiory also offers a FAQ section.
Axiory broker’s customer service review indicates that the company provides its clients with responsive and polite customer support. However, it’s important to note that customer support representatives are only available during business hours. Most brokerages offer 24-hour customer support.
Transparency of price reporting
The Axiory group of companies is regulated by Mauritius’s Financial Services Commission (FSC) and the International Financial Services Commission (IFSC) in Belize. This IFSC regulation is enhanced by Category A membership in the Financial Commission of Hong Kong. In addition to these institutions’ regulations, Axiory offers transparency regarding its management team and trading costs.
The broker is also transparent concerning pricing. All prices and trade volumes are available on the website. As a result, there are no hidden fees or commissions. Moreover, Axiory maintains segregated accounts for client funds, meaning that the broker does not manipulate prices. This is also reflected in the fact that it receives all its pricing directly from liquidity providers. Another benefit of the Axiory broker is its easy-to-understand and accessible spread reporting system.
Negative balance protection
Axiory is a Cyprus-based broker that offers negative balance protection to its clients. This feature protects against the account going below zero during margin trading. This way, the client does not have to pay for any losses. Furthermore, the funds that the broker receives from clients are kept in segregated bank accounts. This way, the funds cannot be misused.
Axiory offers several account types, including micro and standard accounts. Micro accounts require a deposit of only $250. Standard accounts require a deposit of at least $2500. VIP accounts require a minimum deposit of $25000 and can have up to 50:01 leverage.
