Axiory Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Apr 28, 2022
Check out all details about Axiory Commission or Brokerage Charges here. Axiory is a popular trading company that was established in the year 2012 and was launched in Belize.
The company promises to offer all its traders a friendly, intuitive, and advanced interface to access the forex and the CFD market.
Axiory runs under the parent company of Axiory Global Ltd which is regulated and authorized by the International Financial Services Commission (IFSC).
The traders who have registered themselves with Axiory will get free access to educational resources, market analysis reviews, and other technical analysis articles.
This helps them learn about the trading market and the trading mechanism.
The training company also provides a FAQ section and a live chat feature for all kinds of customer support and it is available between 11:00 a.m. to 7:00 p.m.
Axiory Commission or Brokerage Charges
The company charges various types of commission or brokerage charges and it depends on the type of trading account or live account that you have selected.
The Axiory Nano account offers commission-based trading of 6 US dollars per lot with lower spread amounts.
No commission charges are charged for the standard and the max account but the spread charges are slightly higher than the nano account.
Axiory is also known to provide access to various Islamic swap-free accounts. Some of the features are:
- No swap is charged on this type of trading account even if the position remains open overnight.
- A small commission is charged which ranges from $3 to $8 depending on the type of instrument that you’re trading in.
The types of commission charged are:
It is a specific charge that enables the users to get a much larger exposure to the trading market that you are trading in than the amount that you have deposited to start trading.
The leverage amount is expressed as a ratio that is 50:1, 100:1, or 500:1.
This is only applicable if you have $1,000 in your trading account and you also have a trading ticket size of $500,000 US dollars.
The maximum leverage amount or leverage ratio is 1:777. It also varies on the type of trading instrument that you are trading and for the forex instrument and currency pair is set to a maximum of 1:777.
- Leverage for forex instruments and currency pairs is about 1:500
- CFD on indices is up to 1:200.
- For commodities CFDs, the leverage is 1:100
- CFD Stocks is 1:5 for STD and Nano accounts and for the max account, it is 1:10.
The Forex fee also depends on the type of trading account that the user is opting for.
For example, for the nano account, the spread is 0.2 pips and the commission charge is $6 per lot. For the standard account, it is about 1.2 US dollars and for the max account, the leverage is up to 1:500.
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Types of Axiory Commission Plans
|Types of Commission Plans|
Like most of the other trading companies, Axiory has developed three types of trading accounts.
All these trading accounts have various unique features that have been developed keeping in mind the various necessities of various users.
The three types of trading counts are:
The initial deposit amount or the minimum deposit amount is $100, the spread charges vary and are floating, a specific commission charge is charged which is $6 per lot and the leverage amount is 1:400.
The initial deposit amount or the minimum deposit amount is $100, the spread charges are floating, a specific amount of commission is charged and the leverage is 1:400.
The initial deposit amount is as low as $50, the spread amount is floating, a specific commission amount is charged and the leverage is 1:777.
The user can easily convert all these trading accounts into Islamic accounts if they are a Muslim trader.
No extra charges or swap charges are present for the Muslim traders as they follow Sharia law.
If a position is held overnight, all the other users are required to pay a certain amount but if you have an Islamic account you don’t have to pay the swap charges.
A minimal commission charge would be levied which is about 6 to 10 US dollars.
Axiory Account Opening Process
The account opening process with Axiory it’s pretty simple and the whole process can be completed within a matter of minutes.
So to understand the account opening process you must follow the following steps:
- First of all, to open a trading account with the company you have to visit the official website. Here will find an ‘ Open a trading Account’ tab.
- After clicking on the tab you will be redirected to the application page.
- Here you have to fill in all the necessary details like name, phone number, address, business type, and various other details and then click on submit.
- After successful submission, you will be directed to the KYC page where you have to verify your identity for the verification process you have to submit a scanned copy of a government identity card for the verification process.
- After successful verification, you will receive the login ID and password of your trading account at your email address.
The trading account can be accessed from the official website of the company or the various trading platforms or the mobile trading application of the company.
Axiory Payment or Withdrawal Methods
|Deposit Options||Credit Card, Cryptocurrencies, Neteller, Skrill, Thunderxpay, Wire Transfer|
|Withdrawal Options||Credit Card, Cryptocurrencies, Neteller, Skrill, Thunderxpay, Wire Transfer|
Axiory provides various types of payment or withdrawal methods and the funds can be added or withdrawn directly into the trading account.
The payment and the withdrawal methods are:
Credit Card, Cryptocurrencies, Neteller, Skrill, Thunderxpay, Wire Transfer
Credit Card, Cryptocurrencies, Neteller, Skrill, Thunderxpay, Wire Transfer
These are the easiest forms of payment or withdrawal methods that are provided by the company.
Some of the methods might not be available in your region and for more details, you have to contact the authorities.
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Axiory Investment Assets
|Total Tradable Assets||81|
|Number Of Currency Pairs||62|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||0|
|Number Of Indices||10|
|Number Of Commodities||9|
|Number Of Futures||N/A|
|Number Of Options||N/A|
|Number Of Bonds||N/A|
|Number Of ETFs||N/A|
Some of the exclusive assets in which the traders can invest are:
- The users are allowed to trade in currency trading, commodity trading, and indices trading.
- The total number of assets in which the users can trade-in is 81, the number of currency pairs that the users can trade-in is 62 and the number of indices in which the users can trade-in is 10 and the number of commodities that can be traded in is about 9.
Advantages on Axiory Investment Assets
- Various types of instruments that include forex and CFDs
- Various types of trading technology development
- Axiory is suitable both for beginner and professional level users
- Advanced trading platforms like MetaTrader and c trader are available.
- Commission-free trading is available
- Negative balance protection
- AutoChartist and custom indicator is available
- Segregated trading accounts, annual reports, and negative balance protection is available
- A well-equipped demo account is available
To protect the client funds, the trading company segregates the company funds and the client funds and also offers negative balance protection.
The traders are allowed to select from a list of three different trading accounts which are Nano account, Standard account, and Max account.
The traders are allowed to trade on multiple assets that include Forex, CFD, stocks, metals, energies, and gases.
Whenever a trader opts for Axiory as their forex broker, they are allowed to trade in over 370 instruments that include various currency pairs and CFDs.
The company offers a maximum leverage amount of up to 1:777 and also provides Islamic swap-free accounts for all its Muslim users.
Axiory Commission – Conclusion
Axiory is considered to be one of the best trading companies and is suitable both for beginner and professional level traders.
The users who have registered with the company are allowed to trade in various assets like forex, CFD, energies, commodities, and various other assets.
The commission charges are quite reasonable and the company also provides an Islamic swap-free account for all the Muslim traders.
The company has also developed a demo account which is all the premium features of a live trading account.
The broker has also developed a Multi-Account Manager(MAM) software for all the money managers to help them manage various types of accounts on the My Axiory online platform.
The minimum deposit or the initial deposit amount is just $50 and it varies depending on the type of trading account that you have selected.
The broker also provides various trading platforms for all the users to trade on that include MetaTrader 4, c trader, and MetaTrader 5.
Axiory has also developed a mobile trading application that is available both for Android devices and iPhone devices.
All the premium features of the MetaTrader 4 trading platform are available on the mobile trading application.
The trading platforms can be accessed with Windows, Mac, Web browsers, Android and iOS.
Some of the premium features that are available on the trading platforms include Auto Chartist and many custom indicators that include Axiory´s strike indicator that predicts the trend.
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Axiory Charges or Fees – FAQs
Here is the list of FAQs related to the Axiory Commission:
Do Axiory charge commission?
The company is known to charge a specific amount of commission for the various types of trading accounts that it offers.
This commission amount or charge varies depending on the type of trading account that the user is opting for.
The minimum commission charges about six US dollars per lot.
How much does Axiory charge brokerage?
The brokerage amount also depends on the type of trading account that the user is opting for.
There are three types of trading accounts and the brokerage amount varies on the type of asset that you are trading in.
What is the Minimum Deposit required in Axiory?
The minimum deposit amount also varies depending on the type of trading account or the live account that the user is opting for.
The minimum deposit amount is as little as $50.
How much leverage does Axiory provide?
The leverage amount or the leverage charges also varies depending on the type of trading account on the live account.
The maximum leverage amount is 1:500.
What type of Commission Plans are available in Axiory?
The company provides three types of plans that are nano account, standard account, and max account.
All these accounts have unique features that have been developed for different types of users.
Does Axiory provide Cryptocurrency for Investment?
No, Axiory does not allow its traders to invest in cryptocurrencies or trade using cryptocurrencies.
But it allows the users to trade in various other assets that include CFD, forex, energies, and various other assets.
Is Axiory a legit Forex Broker?
Axiory is regulated and monitored by IFSC, Belize.
The company segregates its funds and the client funds so as to protect the client’s money.
The company is also known to provide negative balance protection.
Can I invest in Axiory for $5?
The minimum deposit amount of the initial deposit amount is $50. Therefore you cannot invest $5 whenever you are trading with Axiory.
Are there any hidden charges available with Axiory?
The trading company promises complete transparency and therefore there are no hidden charges.
All the various types of charges are mentioned to the trader whenever they’re opening a trading account with the company.
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