Is Axiory Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with Axiory try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether Axiory is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker Axiory
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 (FSC), license number 000122/405, and registration number 127090.
| 💰 Account currency: | USD, EUR |
|---|---|
| 🚀 Minimum deposit: | From $10 |
| ⚖️ Leverage: | Up to 1:777 (Max account) |
| 💱 Spread: | Average spread for EUR/USD is 0.2 pips (Nano), from 1.2 pips (standard) |
| 🔧 Instruments: | Currency pairs (60+), CFDs on stocks (70+), indices (10), metals (4), energy resources (5) |
| 💹 Margin Call / Stop Out: | 50%/20% |
Pros and cons of Axiory
👍 Advantages of trading with Axiory:
•Ability to trade shares, both CFDs and real, as well as ETFs.
•Light Live technology for lightning-fast account opening and you can start trading for real money in 10 minutes.
•The desktop and mobile platforms MetaTrader 4 and MetaTrader 5, as well as cTrader, are available for trading.
•Additional indicators and services are available — for instance, Autochartist.
•A vast array of different types of accounts with favorable trading conditions.
•A wide range of methods of replenishment and withdrawal of funds.
👎 Disadvantages of Axiory:
•There are no PAMM or MAM accounts for passive investing.
•Support only works 8 hours a day, 5 days a week.
•Regulation in offshore jurisdictions.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
-
A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
-
In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
-
A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is Axiory Regulated? Broker’s license
Security (Protection for Investors)
Axiory is regulated by the Belize International Financial Services Commission (FSC); license number 000122/405 and registration number 127090. Once every two years, the broker is audited by one of the leading companies in this field.
The broker protects against a negative balance. If, as a result of customer transactions, the balance becomes negative, it is reset to 0. Axiory supports two-factor authentication for withdrawals. If this feature is active, each withdrawal request must be confirmed by clicking a button in a verification email sent specifically for this purpose.
👍 Advantages
- Client funds are segregated from Axiory's capital and held in segregated bank accounts
- Negative balance protection is active
- Client funds are protected by the Financial Commission Compensation Fund (up to $20,000)
- A vast array of electronic payment systems for making deposits and withdrawals
👎 Disadvantages
- To open an account, you must provide detailed financial information
- Regulation in an offshore jurisdiction
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by Axiory, which you can see below.
Experts at the Traders Union have analyzed the trading and non-trading fees of the Axiory broker. On Standard and Max accounts, the spread is withheld as a brokerage fee. For Nano and Tera accounts, an additional fee of $6 per lot is charged (may vary depending on the asset). Also, the broker has set an additional commission for trading CFDs on shares. There is no inactivity fee on the account. There are no fees for deposits or withdrawals of funds on the broker's side, however, there may be costs by the client's selected payment system.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $12 | No |
| Nano | $2 | No |
| Max | $18 | No |
| Tera | $2 | No |
Brokers that are similar to Axiory
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of Axiory conditions with its closest competitors.
Comparison of Axiory with other Brokers
| Axiory | RoboForex | Pocket Option | Exness | Eightcap | FxPro | |
|---|---|---|---|---|---|---|
Trading platform |
MT5, MT4, cTrader, WebTrader, Mobile platforms |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, MobileTrading, MT5, cTrader, FxPro Edge |
Min deposit |
$50 |
$10 |
$5 |
$10 |
$100 |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0.2 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
Axiory is a broker for trading single-handedly.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold. In addition to comfortable conditions and low financial costs, traders get free educational materials and special services for technical analysis. Some solutions, like Capitalise.ai, have no constructive counterparts. A relative disadvantage is the absence of opportunities for passive income. Also, the broker works only with CFDs, so other groups of trading instruments are not available.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
Conclusions
- Is FIBO Group Regulated? Is it safe?
- Is Thinkorswim by TD Ameritrade Regulated? Is it safe?
- Is Forex4you Regulated? Is it safe?
- Is Robinhood Regulated? Is it safe?
- Is BlackStone Futures Regulated? Is it safe?
- Is Tickmill Regulated? Is it safe?
- Is CMTrading Regulated? Is it safe?
- Is OANDA Regulated? Is it safe?
- Is Surge Trader Regulated? Is it safe?
- Is ThinkMarkets Regulated? Is it safe?
- Is Interactive Brokers Regulated? Is it safe?
- Is Fortrade Regulated? Is it safe?
- Is CapTrader Regulated? Is it safe?
- Is Trade360 Regulated? Is it safe?
- Is ATC BROKERS Regulated? Is it safe?
- Is TitanFX Regulated? Is it safe?
- Is XTB Regulated? Is it safe?
- Is ETX Capital Regulated? Is it safe?
- Is GO Markets Regulated? Is it safe?
- Is InterTrader Regulated? Is it safe?
- Is Exinity Regulated? Is it safe?
- Is FOREX.com Regulated? Is it safe?
- Is JustForex Regulated? Is it safe?
- Is eXcentral Regulated? Is it safe?
- Is Deriv Regulated? Is it safe?
- Is InstaForex Regulated? Is it safe?
- Is FXChoice Regulated? Is it safe?
- Is TriumphFX Regulated? Is it safe?
- Is LegacyFX Regulated? Is it safe?
- Is XTrend Speed Regulated? Is it safe?
FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
Related Articles
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.
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.