Axiory vs Trade Nation - Fees Review included
Which broker is better Axiory or Trade Nation? Our expert assessment conducted according to TU’s own methodology showed that Axiory is one of the top brokers in the financial market with the TU Overall Score of 4.02 out of 10. Trade Nation is one of the top brokers in the financial market with the TU Overall Score of 7.34 out of 10. Find out more about TU Overall Score.
| Feature | Axiory | Trade Nation |
|---|---|---|
Overall |
1.7 |
2.8 |
1.3 |
3.8 |
|
1.7 |
3.2 |
|
2 |
3.6 |
|
Investment Instruments |
1.6 |
1.7 |
Platforms and Charting Tools |
1.9 |
1.9 |
Deposit and Withdrawal |
2.1 |
2.4 |
Research |
1.7 |
3.6 |
Education |
1.9 |
1.5 |
Support |
1.4 |
2.3 |
Bonuses |
1.5 |
3.9 |
|
|
|
Axiory vs Trade Nation: Pros and Cons
Axiory is an STP broker that has been providing services since 2014. The company offers trading in five asset classes, which are currency pairs, stocks, contracts for difference (CFDs) on stock indices, metals, and energy assets. The central office is located in Belize, and there is also a representative office in the United Arab Emirates. Axiory is regulated by the Belize International Financial Services Commission (IFSC), license number 000122/15, and registration number 127090.
Trade Nation is an STP broker with its head office in London. It works with traders of the European and Asian regions. The company belongs to the classical medium-tier brokers with a standard set of trading assets and instruments. Its regulators are: FCA (UK), ASIC (Australia), FSCA (South Africa), and SCB (Bahamas).
| Axiory | Trade Nation | |
|---|---|---|
| Overall Pros | Ability to trade shares, both CFDs and real, as well as ETFs. | Availability of licenses from four regulators. This indicates that the broker is subject to constant review by auditors with diverse requirements. |
| Light Live technology for lightning-fast account opening and you can start trading for real money in 10 minutes. | Segregation of client accounts. Traders' money is deposited into separate accounts at Barclays bank. | |
| The desktop and mobile platforms MetaTrader 4 and MetaTrader 5, as well as cTrader, are available for trading. | Relatively narrow fixed spreads. | |
| Additional indicators and services are available — for instance, Autochartist. | Proprietary trading platform that complements MT4. | |
| A vast array of different types of accounts with favorable trading conditions. | There's an online Trade Nation community of traders that shares information, knowledge, and trading strategies, all of which raise members’ professional trading skills. | |
| A wide range of methods of replenishment and withdrawal of funds. | ||
| Overall Cons | There are no PAMM or MAM accounts for passive investing. | A small selection of payment systems. The broker works mainly through the banks. |
| Support only works 8 hours a day, 5 days a week. | There is a minimum withdrawal amount. | |
| Regulation in offshore jurisdictions | Support service in the chat and via email is unprofessionally slow in responding to your inquiries. |
Axiory vs Trade Nation: Safety and Regulation
| Regulated By: | Axiory | Trade Nation |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
Yes |
Other Regulators |
IFSC |
FSCA (South Africa), SCB (Bahamas). |
Axiory vs Trade Nation: Trading Conditions
| Trading Conditions | Axiory | Trade Nation |
|---|---|---|
Minimum Deposit |
$10 |
$1 |
Trading Platforms |
МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), cTrader |
МТ4, Trade Nation proprietary terminal |
Max Leverage (Futures) |
1-777 |
1-200 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, metals, energy resources |
Currency pairs, commodities, and stock markets assets |
Trading assets |
150+ |
2090+ |
Trading Accounts |
Nano, Standard, Max, Tera, Alpha |
Standard Account, Low Leverage, High Leverage, Islamic Account, and Demo Account. |
Base Account Currencies |
USD, EUR |
GBP, USD, EUR, AUD, ZAR, DKK, NOK, and SEK |
Axiory vs Trade Nation: Fees
Forex Trading Fees
| Fee | Axiory | Trade Nation |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
0.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Axiory | Trade Nation |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating and fixed spreads |
Non-Trading Fees
| Fee | Axiory | Trade Nation |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
For transactions less than 200 USD, a fee of 15 USD is charged. |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Axiory vs Trade Nation: Trading Assets
| Asset Name | Axiory | Trade Nation |
|---|---|---|
Overall |
150+ |
2090+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Axiory or Trade Nation: Investment Programs
| Asset Name | Axiory | Trade Nation |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Trade Nation or Axiory
| Axiory | Trade Nation | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
No |
Trade Nation |
Others |
No |
No |
|
|
|
Axiory vs Trade Nation: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Axiory | Trade Nation |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
Axiory vs Trade Nation: Research
| Research Type | Axiory | Trade Nation |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Axiory vs Trade Nation: Education
| Education Type | Axiory | Trade Nation |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Cent account |
Yes |
No |
Trade Nation vs Axiory: Support
| Support Features | Axiory | Trade Nation |
|---|---|---|
Working Days |
8/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
feedback form |
No |
Axiory vs Trade Nation: Forex Bonuses and Promo
| Promo | Axiory | Trade Nation |
|---|---|---|
Forex Bonus |
No |
The Trade Nation loyalty program awards points for every trade executed. In the future, the points can be exchanged for compensation of trading expenses up to 20%. Also, the broker gives 1,000 points to everyone who opens a real account and gets verified. Due to regulatory restrictions, the loyalty program does not work for traders from the UK and Australia. |
Affiliate Program |
Introducing Broker (IB) is a solution for brokerage companies. Affiliates get discounts on spreads, and their clients get the opportunity to work using proven Axiory technologies. |
The variants of partnership programs include: Revenue share plan. The partner receives a percentage of the income that referrals receive at the expense of the spread paid by them; CPA plan. A partner gets a fixed payment for each attracted client following verification; Hybrid plan. This program combines the advantages of both variants and allows you to receive a certain percentage of interest and a fixed fee based on the trades of the referee. |
Other Promos |
||
|
|
|
Top 5 Reviews on Trade Nation
-
Comment
Payments at Trade Nation are exact. I have withdrawn a couple of times. Of course, the amounts were small, but I didn’t hear any complaints about large ones either. So I recommend the broker.
-
Comment
Traded with Trade Nation a few years ago. There is no decency here, guys. If you still decide to trade here, read the regulations very, very carefully. They can find a lot of violations in your trading and take your money. These are scammers.
-
Comment
In short, this is a scam company. We do. what do we want and what will you do for us? Due to a malfunction in the chart, I did not close a number of positions. Similar positions with two other brokers closed at the same time at the same time. This is a scam, I do not recommend!
-
Comment
People, do not even allow the thought to mess with these Fraudsters with a capital letter. Very cruel, psychologically trained nonhumans! By deceit they will pull everything to the penny, merge it! And you will be blamed for everything. I personally experienced all their psychological tricks.
-
Comment
As for me, it's nothing special. A typical broker with no deposit requirements who earns on spread markup. It does not charge any additional fees, including for making a deposit and withdrawing funds. Trade Nation has a loyalty program. According to its terms, for each closed transaction, the broker accrues some points, which can then partially cover trading commissions. If you wish, you can quickly get used to the author's Trade Nation terminal, because its interface is similar to MetaTrader. But the broker also offers MT4, so you can trade with it and not bother. Trade Nation is regulated in several jurisdictions, which is good, but it does not offer a choice of accounts, which is a minus.
Top 5 Reviews on Axiory
-
Comment
bad broker. blew all my deposits. negligence towards potential traders! Fraudsters!
-
Comment
I have nothing to praise Axiory for. I have personally tested how this company works and was not satisfied. The trading platform often freezes and because of this I lose my money. You can't trade like that.
-
Comment
I like it when a broker gives you the opportunity to choose a trading platform that is convenient for you. Axiory offers 3 terminals - MT4, MT5 and cTrader. I always trade from a standard account. This time, too, I did not experiment and opened Standard in MT4. Of course, before that I worked on a demo — I tested the speed and efficiency of several of my Expert Advisors. I can’t say anything special about spreads, because their values are average on the market. For EUR/USD - 1.2-2 points, there are no additional commissions for currency pairs. Analytics regularly appear on the Axiory website, there is an economic calendar. All clients receive free access to the Autochartist system. You will not earn passive income with this broker.
-
Comment
Trading with Axiory is easy! I am quite satisfied that the broker has a fixed commission per lot because there is no risk of order execution on the news when the spread can widen to 5-6 points. If we take into account the almost guaranteed order execution at the best price and low spreads due to direct access to the market, then in the end we get optimal conditions for trading. Security is guaranteed by keeping money in third-party accounts of partner banks, and technical issues are promptly resolved by the online chat support service. From whichever side you look at Axiory, there are only pluses.
-
Comment
Another thing I like about Axiory is it was possible to increase the deposit several times in a month or two. Trading leverage of 1:500 is available here instead of the typical 1:100 leverage offered by most brokers. The availability of zero spreads when paying 10 units of the base currency of the account (EUR or USD) for a full lot, equates to high leverage and provides an excellent opportunity to earn money. I am an adequate person and I understand that with such levels of risk you can lose a lot, but I believe it’s for the best. Until my strategy failed, so did the broker. The disadvantage of Axiory is that its activities are not regulated by reputable supervisory authorities, but I still have no controversial questions.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!