Axiory is a STP broker, and therefore offers variable spread conditions and also sends all the trading orders to the real market.
Axiory offers several deposit options:
Bank wire transfer usually takes about 2-5 working days. The card deposit options are usually processed within a couple of hours.
If sending money in another currency than your account is based on, the transaction will be converted to the actual spot exchange rate in our bank for that day.
The minimum deposit for new clients is 500 USD
Clients’ deposits are currently being held in the Sparkasse bank in Malta, Europe and in the Caledonian bank in the Cayman Islands. Coming soon however, we plan to offer our clients other well-known international banks, including local banks to facilitate deposit security and convenience.
First of all, the security of funds is provided through segregated accounts for clients’ funds. This is being monitored by IFSC.
The second step for security is Axiory’s non-conflict of interest business model (STP model), which means that we send all clients’ orders to the market, so that these funds are only used for trading in the market and not for any other operations. For example, Axiory does not use clients’ funds for counter-trading. Last but not least, clients’ funds are also secured by the CapitalGuard feature which is a part of Multitrader.