Axiory Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Nov 16, 2022
Find out everything about Axiory Demo Account or Virtual Trading Platform here. Axiory is a popular international forex and CFD broker that was established in 2011.
The company has its head office in Belize and the trading group operates in various places around the globe that includes the Middle East, the UK, Dubai, and Singapore.
Axiory is regulated and monitored by the international financial services commission (IFSC) in Belize.
The trading company allows the status to trade in 350 plus financial instruments that cover various assets that include ETFs, metals, indices, Forex, stocks, and energies.
These articles have been added so that the users get to learn more about the market and understand the trading process.
Axiory Demo Account
Axiory is a member of the Financial Commission, the company is known to segregate the client funds from the company funds so as to offer negative balance protection.
So, Axiory has developed three types of trading accounts that include the Nano account, standard account, max account, terror account, and the alpha account and allow the status to trade on various assets.
The maximum leverage offered by the company for all its traders is up to 1:777. The company also provides Islamic swap-free account features for all Muslim traders.
One of the exclusive features that the users would be getting whenever they trade with Axiory is access to data regarding execution times and slippage distribution.
These features have been provided to offer complete transparency to all the traders.
Axiory has also developed a virtual trading account or a demo account along with the exclusive features.
In this demo account, the traders are allowed to practice out various strategies and practice trading using virtual currencies or dummy money.
Any extra funds are not required to practice trading and the dummy money cannot be transferred to your account.
Using this Axiory virtual account, the traders will have access to a fully functioning live trading account where no extra amount would be charged.
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With the help of this demo account, the traders get to learn a lot about the market and the tips and tricks of trading.
Axiory has added a certain amount of dummy money or virtual currencies to the demo account.
With the help of these virtual currencies, the traders can have an actual trading experience.
Whenever a trader uses a demo account the chance of any kind of risk is eliminated as no real money is involved in the demo account.
The use of a demo account also helps beginner-level traders or investors understand a lot about the market.
Whenever you’re using a virtual account, you learn to use the trading platforms and the mobile trading application and also understand how to place orders, add money, and various other things.
Whenever you are using the Axiory demo account, you will learn various trading strategies, try them out and the virtual market and even if you lose the funds or the virtual currencies, you can restart the entire process.
You can also try out other trader’s strategies in the virtual world and if this turns out to be good you can try out in the real world.
The users are also allowed access to various trading mediums that are related directly or indirectly to the demo account.
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Axiory Demo Account Features
Till now in the article, we have discussed everything about the demo account and the idea behind the development of the Axiory demo account.
In this section of the article, we would be discussing the exclusive features that the demo account provides along with the benefits.
The virtual account that Axiory has designed, is a replica of the trading accounts that they provide. So, some of the exclusive features that Axiory demo accounts have:
- The virtual account of the demo account is loaded with virtual currencies or dummy money amounting to $1,000. However, upon request, the practice money can be increased. This helps the users learn to trade actively.
- Various options like order history, market monitoring, order placement features are available in the demo account.
- The leverage is flexible with implement means that it can be increased your decreased according to needs
- Euro or USD is the base currency
- A user can have more than one demo account at a time
- 24*5 customer service has been added to the demo account
- Traders can use all the premium trading tools like Expert Advisors and customize indicators.
- You can keep your demo account open along with the live trading account.
- You will have the option to switch from one type of account to another. This simply means that you can use a standard account, nano account, and all the other accounts within the demo account.
- With this demo account, you can devise strategies based on market analysis, try out the possibility or the amount of profit that you can get in the demo account, and then start trading in the real market.
Axiory Demo Account Charges
|Demo Account Details
Some trading companies might charge a small amount of commission to avail the demo account or virtual account features.
But Axiory provides a demo account to any user who has applied to avail demo account features.
However, when you start trading with the real account, you would need to pay certain costs such as commission charges or trading fees.
These charges may include commission based on using instruments, swap charges, overnight charges, account charges, inactivity charges, and various other charges.
Whenever you join Axiory, the representatives will let you know about all the charges to offer complete transparency.
Whenever you register for a demo account with Axiory, $1,000 worth of dummy money would be added to your demo account.
This dummy money can be reset along with everything. The number of virtual currencies can also be increased if you request the company.
As the company does not charge any extra amount for a virtual account, the user gets to use all the premium features of a live trading account and a trading platform free of charge and it is risk-free.
How to open Axiory Demo Account?
The whole process of opening a virtual account with the company has been mentioned in this section of the article. Please follow the steps carefully.
- On the first step, you must visit Axiory official website and click on ‘Open a demo Account’.
- Then the application page will open as a pop-up
- On this application page some necessary details like name, number, date of birth and some other important details have to be filled out.
- After filling it out, an executive from the company will contact you on the subject and take you to the next step.
- In the next step, you will have to complete the KYC verification. This ready vacation process is necessary for availing of a demo account.
- The executive will ask you to submit a scanned copy of a government-authorized identity card or verification.
- As the verification process is completed, your demo account will be opened and the credentials will be sent to your email address.
You can download the mobile application or the trading platform from the official website of the company.
Here you will find a login page where you have to log in with the credentials provided by the company.
Once you log in, your demo account will be activated and you can practice out strategies as long as you want.
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Advantages of Axiory Virtual Trading Platform
Before you decide to opt for the demo account, you must learn about the advantages and the benefits that the demo account provides. Some of the benefits have been mentioned below:
- The beginner-level traders and investors will understand the process of trading without being confused or being lost in the market.
- There is no scared of losing funds or money as you only deal with virtual money
- The traders will get to learn about the Forex market and the various trading instruments
- All exclusive features like indicators and market charts are available to try out
- The traders will gain a lot of experience before stepping out in the real market
- Unlimited access to the virtual training account and the virtual trading platforms.
- The trader can try out various strategies and the effectiveness of all the strategies.
Axiory Demo Account – Conclusion
So, as we come to the end of the article, everything about the Axiory has been discussed. The process of opening a demo account has also been mentioned in detail thus it will help you with the entire process.
Now you can select whether you want to open a demo account with Axiory or not and try out the various trading Instruments.
To provide access to trading services, the broker has developed some of the strongest trading platforms like the meta trader 4, MetaTrader 5, and c-trader trading platforms.
All these trading platforms can be accessed from various terminals that include Windows, Mac, web command Android, and iOS.
The trading terminus has been equipped with premium features that include AutoChartist and Axiory Strike Indicator that helps the user predict the trends in the market.
To provide educational aid for the traders, the broker has also provided some educational materials that include videos, lectures, one-on-one sessions, and other educational resources that include market analysis and technical analysis articles.
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Axiory Virtual Trading Account – FAQs
Here is the list of FAQs related to the Axiory demo account:
Does Axiory provide Demo a/c?
Axiory has developed a demo account or a virtual account for all the users who want to practice out trading and get to learn more about the market.
How to Set up an Axiory Demo Account?
To set up a demo account, you have to visit the official website, click on open a demo account, fill out the application form, complete the EKYC verification, and then your demo account will be opened.
Is Axiory Virtual Trading Platform Free?
No cost is associated with the Axiory Virtual Trading Platform.
This simply means that all the exclusive and premium tools that are available in the live trading account can be used free of cost in the virtual trading platform.
What are the Fees of the Axiory Demo Account?
The company does not charge any extra amount whenever you open a demo account or a virtual account with them.
However, you may need to pay some commission charges or fees whenever you start trading with real trading.
Is AMC levied on Axiory Virtual Trading Platform?
Whenever you are using the virtual account of the demo account, no AMC or account material changes are required as the feature is available free of cost.
Is Axiory Demo Account the best?
The demo account provided by Axiory is considered to be one of the best as the company provides all the premium features of a live trading account free of cost for all the traders.
What Documents are required for an Axiory Demo Account?
Some of the necessary documents are:
A government authorized identity card for verification
passport size photograph for authentication
Is PAN required for Opening an Axiory Account?
Not necessarily as you are not opening a live trading account, thus the demo account features can be used without linking your account with the bank.
Does Axiory Charge Demo Account Opening Fees?
No opening fee or any other deposit is required whenever you open a demo account with Axiory. all the premium tools and features can be availed free of cost.
How much Virtual Money do you get in Axiory Demo Account?
The company has added a $1,000 amount of cash to the demo.
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