No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between DMM FX and Axiory ?
In the table below, you can compare the features of DMM FX , Axiory side by side to determine the best fit for your needs.
--
--
--
--
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of dmm-fx, axiory lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Aspect | Information |
Registered Country | Japan |
Founded Year | 2006 |
Company Name | DMM FX |
Regulation | Registered with Japan's Financial Services Agency (FSA)<br>- Member of the Financial Futures Association of Japan (FFAJ) |
Minimum Deposit | $100 |
Maximum Leverage | 1:25 |
Spreads | From 0.2 pips |
Trading Platforms | MetaTrader 4 DMM FX WebTrader |
Tradable Assets | Forex Indices Commodities |
Account Types | DMM FX Account |
Demo Account | Available |
Islamic Account | Not available |
Customer Support | - Email Support Phone Support |
DMM FX is a Japanese-based forex broker that was founded in 2006 and has its headquarters in Tokyo, Japan. The broker is regulated by the Japan Financial Services Agency and is a member of several financial associations such as the Japan Securities Dealers Association, Japan Financial Futures Trading Association, Japan Investor Protection Fund, and Japan Commodity Futures Trading Association.
DMM FX provides a range of financial products and services, including over-the-counter derivatives trading and investment-related business. The minimum deposit requirement is not specified, and account opening is free of charge, with a cashback program of up to 204,000 JPY. The maximum leverage available is 1:25 for forex trading, and spreads are quite competitive, with the USD/JPY pair starting from 0.5 pips.
DMM FX offers a range of trading platforms, including DMMFX PLUS, DMMFX Standard, Superchart, Smartphone App DMMFX, and more. The broker partners with approximately 340 affiliated financial institutions, making deposit and withdrawal services fast and easy. However, DMM FX has been associated with some negative reviews regarding difficulties in withdrawing funds, fraudulent money, and poor customer support, as reported by some clients.
In summary, DMM FX is a regulated forex broker that offers competitive spreads, a range of trading platforms, and fast deposit and withdrawal services. However, investors should be aware of the negative reviews concerning fund withdrawals and poor customer support.
Pros | Cons |
FSA-regulated | Forex trading only be started from a minimum of about 40,000 yen |
A series of trading platform options | No handling of the high-interest currency Turkish Lira |
No minimum deposit requirements | Lack of information on the exchange market |
Free account-opening | Poor customer support |
Narrow spreads | |
Starting trading in as little as 1 hour |
Based on the information provided by DMM FX, it appears that they are a legitimate forex broker and take measures to protect their customers' funds. They state that they segregate customer funds from their own assets and entrust them to trusted banks, including 日証金信託銀行 (Japan Securities Depository Center Trust Co., Ltd.), 株式会社SMBC信託銀行 (SMBC Trust Bank Ltd.), and SBIクリアリング信託株式会社 (SBI Clearing Trust Co., Ltd.). They also mention that these funds are protected by trust law and will remain separate from the banks' own assets, even if the banks themselves were to face financial difficulties.
Overall, based on the information provided, it appears that DMM FX is a legitimate forex broker that takes steps to protect their customers' funds. However, as with any investment, it is important to do your own research and exercise caution.
The market instruments of DMM FX include several forex currency pairs and CFDs:
Forex Currency Pairs:
· USD/JPY
· EUR/JPY
· GBP/JPY
· AUD/JPY
CFDs:
· Crude Oil
· Gold Spot
· Japan 225
· US Dow Jones 30
For each instrument, the bid and ask prices are provided, along with the current spread and the previous day's change. High and low prices for the day are also given, as well as the buying and selling swaps. Note that the spreads are not fixed and can widen during times of market stress, low liquidity, or around the announcement of economic indicators. Slippage may also occur with order fulfillment, where the execution price differs from the displayed price at the time of ordering.
DMM FX offers a variety of market instruments for trading, allowing customers to diversify their portfolio and take advantage of various market opportunities.
Market Instrument | Pros | Cons |
FX (USDJPY, EURJPY, GBPJPY, AUDJPY) | 24-hour trading availability | Variable spreads, which may widen during periods of high market volatility or low liquidity |
CFDs (Crude Oil, Gold, Japan225, US30) | Opportunity to trade popular global commodities and indices | Variable spreads, which may widen during periods of high market volatility or low liquidity |
DMM offers a range of products and services in various industries, including financial services, e-commerce, and entertainment.
In terms of financial services, DMM provides a forex trading service called DMM FX. This service allows customers to trade 21 different currency pairs through an OTC trading system using the internet. The transaction unit is 10,000 currency units for each currency pair, and the maximum order quantity is 100 lots (1 million currency units). The leverage offered is up to 25x, and there are no transaction fees. DMM also offers deposits and withdrawals in JPY and provides various trading rules, such as loss cut rules and maintenance rules.
DMM also offers a cryptocurrency trading service called DMM Bitcoin. This service allows customers to trade Bitcoin, Litecoin, and Ethereum, among other cryptocurrencies, using the internet. The transaction unit is one unit of each cryptocurrency, and there are no transaction fees.
Overall, DMM offers a diverse range of products and services in various industries, catering to the needs and interests of a wide range of customers.
Products & Services | Pros | Cons |
DMM Eikaiwa | 1. Affordable prices compared to other online English schools. 2. Wide range of courses available. 3. Experienced English teachers. | 1. Classes are conducted in English only, which may be difficult for beginners. 2. No mobile app available for learning on-the-go. |
DMM FX | 1. Low transaction fees. 2. Wide range of currency pairs available. 3. High leverage options. | 1. Not available for residents of certain countries, including the US. 2. High risk involved with leveraged trading. |
DMM Bitcoin | 1. Easy to use platform. 2. Quick deposit and withdrawal times. 3. Competitive trading fees. | 1. Only available for trading Bitcoin. 2. High volatility of the cryptocurrency market. |
DMM Games | 1. Wide range of games available. 2. Many games are free-to-play. 3. Regular updates and new game releases. | 1. Some games may require in-app purchases to progress. 2. Only available in Japanese language. |
The minimum deposit for DMM payment depends on the payment method used. For quick deposit, there is no minimum deposit required. However, the maximum deposit amount for quick deposit is 500,000 JPY per transaction.
For bank transfer deposit, the minimum deposit amount is 10,000 JPY, and there is no maximum deposit amount.
It's important to note that the deposit amount required to open a DMM FX trading account may vary depending on the account type and country of residence. Customers should check the website or contact customer support for more information.
Pros | Cons |
Accessible for beginners: The minimum deposit requirement is relatively low, making it accessible for beginner traders who don't want to invest a lot of money upfront. | Limited trading options: While the minimum deposit is affordable, the range of trading options is limited, which may not suit experienced traders who are looking for a more diverse range of instruments to trade. |
Low financial risk: A low minimum deposit reduces the financial risk for traders. If they are new to trading or unsure about their trading strategy, they can start with a small deposit to test the waters before committing more funds. | Low leverage: The low minimum deposit is often associated with low leverage, which can limit the potential profits of traders who are successful in their trades. |
Flexible funding options: DMM FX offers a variety of funding options, making it easy for traders to deposit and withdraw funds. | Higher spreads: Brokers may charge higher spreads to cover the cost of processing low deposit transactions, which could lead to higher trading costs for traders. |
Opportunity to learn: A low minimum deposit provides an opportunity for traders to learn and improve their trading skills without risking a lot of money. | Limited bonuses: Brokers may not offer bonuses or other incentives for traders who make a small deposit, which could limit potential returns. |
DMM FX offers customers a trading environment with uniquely generated rates based on the rates received from multiple cover destinations. The standard spreads for various currency pairs are presented to customers, with fixed spreads starting from 0.2 sen. However, it's important to note that spreads are not always fixed and may widen due to sudden events, declining market liquidity, and other factors. Slippage may also occur with order fulfillment. DMM FX also provides offer rates, which are the actual values of rates delivered within the range of the standard spread offered to customers during a given period.
Pros | Cons |
Increased access to foreign exchange trading for individuals and businesses | Risk of fraud and scams in the online trading industry |
DMM FX may offer lower transaction costs and more competitive exchange rates than traditional banks | Potential for significant financial losses if inexperienced traders make poor investment decisions |
Availability of diverse investment options and trading tools | Lack of regulation in some jurisdictions where DMM FX operates |
Ability to trade 24/7 from anywhere in the world | Dependence on technology, including internet connectivity and platform reliability |
Potential for high returns on investment for experienced traders | Volatility and unpredictability of currency markets can lead to large fluctuations in profits and losses |
Flexibility to choose between different trading strategies and risk profiles | Potential for conflicts of interest between DMM FX and its customers, especially if DMM FX is both a market maker and counterparty to its clients' trades |
DMM FX is a forex trading platform that offers a maximum leverage of 1:25 for forex trading. Leverage is a tool used in trading that allows traders to control a large amount of currency with a smaller amount of funds. In other words, leverage enables traders to open larger positions with a smaller amount of capital.
For example, if a trader has $1,000 and a leverage of 1:30, they can control a position of up to $30,000. The trader is essentially borrowing money from the broker to increase their trading potential. However, while leverage can magnify profits, it can also magnify losses, and traders need to be cautious when using leverage.
DMM FX's maximum leverage of 1:30 is lower than the maximum leverage offered by some other forex brokers, which can be as high as 1:500 or more. This lower leverage may appeal to more conservative traders who want to limit their risk exposure.
Pros | Cons |
Potential for higher profits: Leverage allows traders to control larger positions with smaller amounts of capital, increasing the potential for profits. | Risk of higher losses: Higher leverage also means higher risk, and traders can lose more than their initial investment. |
Access to more markets: Leverage can provide access to markets that might not be available to traders with smaller capital. | Margin calls: Traders who use leverage may be subject to margin calls if their positions move against them, which can result in additional fees or forced liquidation of positions. |
Flexibility: Leverage allows traders to adjust their positions more easily and quickly, and to take advantage of market movements. | Limited control: Using leverage means surrendering some control over your trades to the broker, who may impose restrictions on the use of leverage or margin requirements. |
Lower capital requirements: Leverage can allow traders with smaller amounts of capital to trade in the markets. | Complexity: Leverage adds another layer of complexity to trading, and requires a greater understanding of risk management and margin requirements. |
DMM FX offers a range of trading tools to assist traders in their activities. These tools include:
1. DMMFX PLUS: This is a PC version trading tool that allows traders to customize the layout, technical settings, and other features to suit their trading style. It comes with a pop-out function that displays necessary items in a separate window.
2. DMMFX STANDARD: This is a smartphone version trading tool that offers a smart operation screen for transactions, information collection, and analysis. It features a FIFO order function and payment simultaneous order function, making it ideal for those who want to trade in their own style.
3. Premier Chart: This is a computer-based trading aid tool that comes equipped with 29 technical tools. It also has convenient functions that support customer transactions, making it ideal for traders who make more strategic transactions.
4. Transaction Report: This is an analysis tool that allows traders to graph and analyze their trading results in an easy-to-understand manner. It visualizes a wide variety of transaction data, making problems obvious at a glance.
These trading tools are accompanied by quick guides and operation manuals to help traders learn how to use them effectively.
Trading Tools | Pros | Cons |
DMMFX PLUS | - Customizable layout and settings Pop-out function for necessary items Available on multiple devices | - May be overwhelming for new traders |
DMMFX STANDARD | - Easy-to-use smart operation screen Features FIFO order and payment simultaneous order function Available on multiple devices | - Limited technical analysis tools |
Premier Chart | - Equipped with 29 technical tools Convenient functions for customer transactionsIdeal for strategic traders | - May be overwhelming for new traders |
Transaction Report | - Graphs and analyzes trading results Visualizes transaction data for easy understanding Helpful for improving analysis skills | - Limited features beyond analysis May not be necessary for all traders |
DMM FX offers several deposit and withdrawal methods to its clients. The following is an overview of the deposit and withdrawal options:
Deposit Options:
· Quick Deposit: This service allows for instant deposit reflection using internet banking. It has 24-hour real-time deposit reflection, no fees, and can be done through a PC or smartphone.
· Transfer Deposit: This is a bank transfer method of depositing money to the DMM FX account. In general, it takes about 30 minutes to 1 hour to reflect the deposit in the account.
Withdrawal Options:
· Withdrawal Account: Funds deposited in the DMM FX account can be withdrawn to a registered “withdrawal account” using the trading tool. There are no withdrawal fees, and the fees are paid by the company.
· Fund Transfer: Funds can be transferred between services provided by DMM FX, DMM CFD, DMM Bannussi, and DMM Stock.
Method | Pros | Cons |
Quick Deposit | Instant reflection, no fees, can be done through PC or smartphone | Limited to affiliated financial institutions, requires subscription to online banking |
Transfer Deposit | Available through various banking options | Takes 30 minutes to 1 hour to reflect in the account |
Withdrawal Account | No withdrawal fees | Limited to registered withdrawal account |
Fund Transfer | Allows for transfer of funds between DMM services | N/A |
In terms of customer service, DMM FX offers various support options to their clients. Here are some details:
· Customer Support: DMM FX provides customer support services 24 hours a day, 5 days a week (Monday to Friday) in multiple languages, including Japanese, English, and Chinese. Traders can contact the support team via phone, email, or live chat on the company's website.
· Educational Materials: DMM FX offers a range of educational materials to help traders improve their skills and knowledge of the financial markets. These resources include webinars, video tutorials, and market analysis.
· Trading Tools: DMM FX provides its clients with various trading tools to help them make informed trading decisions. These tools include charting software, economic calendars, and real-time news updates.
· Trading Hours: DMM FX allows traders to access the market 24 hours a day, 5 days a week. However, there are times when the platform is not available, such as during system maintenance or when the markets are closed.
Overall, DMM FX appears to offer a robust customer service experience with multiple support options and educational resources to help traders improve their skills and knowledge. The availability of 24/5 trading hours is also a plus for traders who want to take advantage of global market opportunities.
DMM FX is a reputable broker that offers a diverse selection of financial instruments for trading. Their user-friendly and feature-rich trading platforms cater to the needs of both novice and experienced traders. One of the notable advantages of DMM FX is their policy of not charging fees for deposit and withdrawal transactions, which is highly beneficial for traders. Additionally, the ability to transfer funds between their services adds flexibility in managing clients' funds. The leverage and margin maintenance rate provided by DMM FX enable traders to effectively manage their risk. Overall, DMM FX is a reliable brokerage firm that offers excellent trading conditions and customer support services. However, it is important to note that DMM FX does not provide Islamic accounts, which may be a drawback for traders seeking Sharia-compliant trading options.
Q: How can I open an account with DMM FX?
A: To open an account with DMM FX, you can apply online by filling out the registration form on their website. You will need to provide personal information, such as your name, address, contact details, and some identification documents, such as a passport or driver's license.
Q: What is the trading hours for DMM FX?
A:DMM FX provides trading services 24 hours a day, 5 days a week, from Monday to Friday. The trading hours vary for each financial product, and it is important to check the trading hours for each product before placing any trades.
Q: What types of financial products can I trade with DMM FX?
A: DMM FX offers a wide range of financial products that can be traded, including forex, indices, commodities, and cryptocurrencies.
Q: What are the fees and charges for trading with DMM FX?
A: DMM FX does not charge any commission fees for trading. Instead, they earn revenue from the difference between the bid and ask prices, which is called the spread. There may be other fees, such as rollover fees and overnight swap fees, depending on the trading conditions and the financial products traded.
Q: What is the maximum leverage ratio offered by DMM FX?
A: The maximum leverage ratio offered by DMM FX is 25:1 for forex trading. The leverage ratios for other financial products, such as indices and commodities, may vary.
Q: How can I contact DMM FX customer support?
A: DMM FX provides customer support services through various channels, including phone, email, and live chat. The customer support team is available 24 hours a day, 5 days a week, from Monday to Friday. The contact details for customer support can be found on the DMM FX website.
Q: Does DMM FX provide educational resources for traders?
A: Yes, DMM FX offers a range of educational resources for traders, including webinars, seminars, e-books, and video tutorials. These resources cover a variety of topics, such as market analysis, trading strategies, and risk management.
Axiory | Basic Information |
Company Name | Axiory Global Limited |
Founded in | 2012 |
Registered Country/Area | Belize |
Regulation | Regulated by the International Financial Services Commission (IFSC) in Belize |
Instruments | Forex, stocks, indices, commodities, cryptocurrencies |
Minimum deposit | $10 |
Account Types | NANO, Standard, Max, TERA, ALPHA |
Trading fees | Variable spreads, no commissions, swap fees, inactivity fees |
Leverage | Up to 1:777 |
Platforms | MetaTrader 4, MetaTrader 5, cTrader, as well as MyAxiory App (New) |
Social Programs | Axiory Intelligence: a research-based program that promotes education and social responsibility in the financial industry. Axiory Care: supports social causes worldwide. |
Demo account | Available |
Islamic account | Available |
Customer support | 24/5 customer support in multiple languages, including English, Arabic, Spanish, and more, social medias supported |
Educational Resources | Yes |
US Clients | Not Accepted |
Axiory is a forex broker registered in Belize, a country known for its favorable regulatory environment for financial services companies. The brokerage firm was established in 2012 and is a relatively young player in the forex industry. Axiory offers online trading services for a range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Traders can be free to choose their favorable leverage amount ranging from 1:1 to 1:777. An interesting feature of Axiory is its commitment to social responsibility. The company has established the Axiory Intelligence initiative, which is a research-based program that aims to promote education and social responsibility in the financial industry. Axiory also supports various social causes through its Axiory Care program. In terms of trading platforms, Axiory offers multiple choices, including the popular MetaTrader 4 platform, MetaTrader 5 platform, as well as cTrader, with its proprietary trading app called MyAxiory App. Besides, this broker also offers advanced charting tools, technical analysis indicators, and other features to help traders quickly acquaint themselves with online trading.
Axiory is authorized and regulated by the Financial Services Commission (IFSC) in Belize. This regulatory body is responsible for ensuring that financial institutions operate in a transparent and fair manner, which can provide traders with some reassurance about the legitimacy of the broker. Axiory's adherence to regulations also means that the company must follow certain guidelines, such as maintaining sufficient capital reserves, which can help to protect traders in the event of any financial instability.
However, it is important to note that the IFSC is not a highly-respected regulatory body in the financial industry, which may lead some traders to question the level of oversight and protection provided. Additionally, the regulatory requirements of the IFSC may not be as stringent as those of other regulatory bodies, which could result in less protection for traders.
One of Axiory's biggest strengths is the wide range of trading instruments available. Traders can choose from a diverse selection of assets, including major and minor currency pairs, popular stocks, and popular indices. Additionally, the broker offers commodities such as oil and gold, which provide traders with opportunities to diversify their portfolios. Another significant advantage of Axiory is their multiple account types of low minimum deposits.
On the downside, Axiory offers limited payment methods available for deposits and withdrawals. Plus, no 7/24 online customer support available, which is a big problem to address client's trading issues in a timely manner.
Pros | Cons |
Regulated by IFSC in Belize, providing some level of security for traders. | Offshore regulation |
Wide range of trading instruments including forex, stocks, indices, and commodities. | Limited payment methods available for deposits and withdrawals. |
Multiple trading platforms | No 7/24 customer support |
Multiple trading account options | No online chat |
Generous trading leverage up to 1:777 | |
Advanced trading tools and features such as VPS, MAM, and PAMM. | |
Low minimum deposit of $10 | |
Demo account available | |
Islamic account available for most account types | |
Multilingual customer support available |
Axiory offers a range of market instruments to cater to the diverse trading needs of its clients.
Firstly, the broker provides access to the forex market, which is the largest financial market in the world, enabling traders to trade currency pairs with tight spreads and competitive pricing.
Secondly, Axiory offers exchange-traded stocks and ETFs, which provide traders with exposure to a variety of companies and industries across the globe. This allows traders to diversify their portfolio and take advantage of market trends in different regions.
Additionally, Axiory offers CFDs on stocks and indices, providing traders with the ability to trade on the price movements of individual stocks or entire market indices. This allows traders to take advantage of both rising and falling markets.
Finally, Axiory offers trading in oil and energy products, which can provide traders with exposure to the commodities market and its price fluctuations
Axiory offers a diverse range of trading accounts to cater to the needs of traders with varying experience levels and trading styles. The broker offers five types of trading accounts, including NANO, STANDARD, MAX, TERA, and ALPHA.
The NANO account is an account type with a small deposit amount of $10. This account type features average spreads starting at 0.3 pips, with leverage up to 1:400 and this account holder can get access to MT4 and cTrader trading platforms.
The STANDARD account is suitable for traders who have some trading experience and are willing to deposit a minimum of $10. This account type features floating spreads starting from 1.3 pips, and has the same lever ratio as the NANO account, and traders who open this account can use trading platforms too: MT4 and cTrader.
The MAX account is designed for experienced traders who are willing to deposit a minimum of $10. This account type features a huge spread of 20 pips on average, with leverage up to 1:777, trading through MT4 and cTrader.
The TERA account is another account with a low deposit requirement of $10. This account type features an average spread starting at 3 pips, and a maximum leverage of 1:400. Please note traders who open this account only can get access to one trading platform, that is the MT5 trading platform.
The ALPHA account is a premium account type that is available by invitation only. As such, the minimum deposit requirement is unknown. This account type offers institutional-grade spreads and a maximum leverage of 1:1. With this broker, only MT5 trading platform can be reached.
Pros | Cons |
Multiple account types to choose from, catering to different trading needs and budgets | Alpha account details not disclosed on the website |
Low minimum deposit requirement for most account types | Limited range of tradable assets, especially for NANO and STANDARD accounts |
Competitive spreads and commissions for certain account types | Some account types may have limited access to certain trading tools and educational resources |
Demo accounts available for all account types | Tera & Alphha account only support MT5 trading platform |
Islamic accounts available for all account types | Islamic accounts is not available for the Alpha trading account |
Negative Balance Protection available for most trading accounts | |
Hedging Allowed for most trading accounts |
Axiory offers demo accounts to its clients, which are a great tool for traders to practice trading without risking real money. The demo accounts are designed to replicate the live trading environment, allowing traders to familiarize themselves with the platform, test different trading strategies, and gain experience before trading with real money.
Axiory's demo accounts are free and come with virtual funds that traders can use to simulate trading. The demo accounts are available for all account types and provide traders with access to the same trading instruments, platforms, and tools as live accounts. The demo accounts are not time-limited, which means there is no expiry date on your demo accounts.
Axiory offers Islamic accounts, also known as swap-free accounts, which are designed for traders who follow the Islamic faith and can not receive or pay interest due to religious reasons. These accounts comply with Shariah law and do not charge or pay any overnight interest (swap) fees on positions held open for more than 24 hours.
Islamic accounts at Axiory offer the same features as standard trading accounts, including access to all trading instruments and platforms, customer support, and educational resources. The only difference is that Islamic accounts operate on a commission-based structure, and there are no overnight swap fees charged or credited to the account.
To open an Islamic account with Axiory, traders need to submit a request to the customer support team, and the account will be verified and set up within 24 hours. It is important to note that Axiory reserves the right to revoke the swap-free status if there is evidence of abuse or misuse of the account.
To open an account with Axiory, interested clients can simply navigate to the broker's website and click on the “Open Account” button.
This will lead them to a registration page where they will be prompted to provide their personal information, including their name, email address, and phone number. Additionally, they will need to choose the account type that suits their trading needs and preferences.
After submitting the registration form, clients will receive an email with a link to verify their account. Once the verification process is complete, they can proceed to fund their account via one of the payment options available.
Axiory offers a range of leverage options for traders, depending on their chosen account type. The leverage ratios offered by the broker range from 1:1 to a maximum of 1:777, which can provide traders with a significant amount of buying power in the markets. However, it's worth noting that higher leverage also comes with higher risk, and traders should be aware of the potential consequences of trading with a high leverage ratio. It's important to carefully consider your own risk tolerance and trading strategy before deciding on a leverage ratio for your account.
Axiory's spreads can be higher compared to some other forex brokers. For the NANO account, the average spreads start at 0.3 pips. The STANDARD account has floating spreads starting from 1.2 pips, which is a bit more competitive. The MAX account has floating spreads starting from 1.3 pips, and on average, the spreads for this account are around 20 pips. The TERA account has an average spread starting at 3 pips, while the spreads for the ALPHA account are not disclosed on the Axiory website.
In terms of commissions, Axiory charges a commission of $ 6 per lot for the NANO accounts. The Standard and MAX accounts do not charge a commission, but it has higher spreads. The TERA and ALPHA accounts have lower spreads, but their commission fees are charged 6 usd per lot and 1.5 usd per lot, respectively.
Pros | Cons |
Competitive spreads on the NANO account | MAX account type has relatively high spreads |
No commissions charged on Standard account and Max account | Spreads and commissions charged on ALPHA account type unknown |
Low commissions on some account types | |
Swap-free Islamic accounts available | |
No deposit or withdrawal fees | |
Inactivity fees charged only after 180 days of no trading activity |
In addition to trading fees, Axiory also charges non-trading fees that traders should be aware of. Axiory does not charge any deposit or withdrawal fees, which is a big advantage for traders. However, there are some other non-trading fees that traders should consider, including inactivity fees. If there is no trading activity on the account for 6 months, a fee of $30 per month will be charged. Also, Axiory charges a fee for wire transfers, which can vary depending on the currency and the bank used. Traders should check with their bank for any additional fees that may be charged on their end.
Axiory offers its clients access to several trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the cTrader platform and the MyAxiory mobile app. The MetaTrader platforms are widely used by traders worldwide and offer advanced charting capabilities, multiple time frames, and a wide range of technical indicators and analysis tools. The cTrader platform, on the other hand, is known for its fast execution speeds and advanced order management features, making it a popular choice for scalpers and high-frequency traders.
The MyAxiory mobile app allows traders to access their accounts and trade on-the-go using their mobile devices. The app is user-friendly and features real-time price quotes, charting tools, and the ability to place orders and manage positions.
The minimum deposit is 10 USD. If clients are using a Bank Wire Transfer from any country except Nigeria, the minimum deposit is 100 USD. The minimum deposit using Bank Wire Transfer from Nigeria is 10 USD. Visa and bank transfer are the most traditional options, while e-wallets such as Skrill and Neteller are also available. Stickpay is a unique payment method that allows for instant deposits and withdrawals, while PayReedem and ThunderXPay are also available. Additionally, Axiory does not charge any deposit fees.
The minimum withdrawal amount at Axiory is 10 USD with the exception of Wire/Bank Transfer where the minimum withdrawal amount is 100 USD.
Axiory supports the same deposit and withdrawal payment methods, which include Visa, Bank Transfer, Stickpay, Neteller, Skrill, PayReedem, and ThunderXPay. The processing time for withdrawals can vary depending on the payment method used, with e-wallets typically being the fastest and bank transfers taking the longest. Axiory does not charge any withdrawal fees, but it is possible that the payment provider may charge a fee for their services.
Axiory offers customer support in multiple languages, including English, Arabic, Indonesian, Spanish, and more. Traders can contact the support team via email, phone, or live chat. The broker also provides a comprehensive FAQ section on its website, where traders can find answers to common questions related to trading, account management, and more.
The customer support team at Axiory is known for being responsive and helpful, and they are available 24/5 to assist traders with any issues or questions they may have. Axiory also provides a personal account manager to each client, who can help with account-related matters and provide personalized support.
Axiory provides a range of educational resources to help traders improve their skills and knowledge. The broker offers free webinars, video tutorials, e-books, and market analysis tools. Axiory Academy, the broker's education center, is designed to provide traders with in-depth knowledge of the markets and trading strategies.
The broker's webinars cover various topics, such as trading psychology, risk management, technical analysis, and market news. These webinars are conducted by experienced traders and are available to all Axiory clients. The video tutorials cover different aspects of trading, including platform tutorials, trading strategies, and risk management.
Axiory's e-books provide traders with comprehensive information on trading strategies, risk management, and market analysis. The broker's market analysis tools include daily market updates, technical analysis reports, and economic calendars.
Axiory is a forex broker offering a variety of trading instruments, account types, and educational resources to its clients. The broker's trading conditions, such as high spreads and commissions, may not be ideal for all traders, but its leverage options can benefit those looking for higher returns. However, Axiory's weakness lies in its regulation. Ultimately, traders should carefully consider their individual trading needs and goals before choosing Axiory as their broker.
Q: Is Axiory a regulated broker?
A: Yes, Axiory is authorized and regulated by the International Financial Services Commission (IFSC) in Belize.
Q: What is the minimum deposit required to open an account with Axiory?
A: Axiory offers five types of trading accounts with different minimum deposits, ranging from $10 to an unknown amount for the ALPHA account.
Q: What trading platforms are available at Axiory?
A: Axiory offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the Axiory Strike mobile application.
Q: Does Axiory offer Islamic accounts?
A: Yes, Axiory offers swap-free Islamic accounts for traders who follow Shariah law.
Q: What deposit and withdrawal methods are available at Axiory?
A: Axiory supports various deposit and withdrawal methods, including Visa, Bank Transfer, Stickpay, Neteller, Skrill, PayReedem, and ThunderXPay.
Q: What is the maximum leverage offered by Axiory?
A: The maximum leverage offered by Axiory ranges from 1:1 to 1:777 depending on the account type.
Q: What are the trading fees at Axiory?
A: Axiory's spreads and commissions vary depending on the account type, with some accounts offering higher spreads than others.
Q: Does Axiory offer educational resources for traders?
A: Yes, Axiory provides educational resources for traders, including webinars, video tutorials, and market analysis tools.
Q: What customer support options are available at Axiory?
A: Axiory offers customer support through live chat, email, and phone, as well as a comprehensive FAQ section on their website.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive dmm-fx and axiory are, we first considered common fees for standard accounts. On dmm-fx, the average spread for the EUR/USD currency pair is -- pips, while on axiory the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
dmm-fx is regulated by FSA. axiory is regulated by FSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
dmm-fx provides trading platform including -- and trading variety including --. axiory provides trading platform including ALPHA,TERA,MAX,STANDARD,NANO and trading variety including --.