Just Launched, Axiory Account Types
Axiory is a Belize based forex broker and one of our front runners as an alternative forex broker for traders looking to escape the controversial European leverage restrictions and the even harsher impending Australian leverage cut. Considering most brokers are being forced to reduce the amount of leverage, these new Axiory account types, including increased leverage, will be well received.
New 1:500 Leverage Max Accounts
Axiory has just introduced a new type of account which is called the Max Account. This will interest any trader looking to replace their European broker to get the most from highly leveraged trading. This account type is available on both MT4 and cTrader live accounts as well as on demo. This account allows you to choose leverage of up to 1:500 for FX pairs. Axiory account types also include Standard Accounts, their STP account, and Nano Accounts, their ECN account that only offered leverage up to 1:400. The company lets traders operate multiple accounts simultaneously so you can mix and match. Axiory also recently increased the leverage for trading on Crude Oil (CL), now 1:50.
Islamic Axiory Account Types
In addition to the increase of leverage for forex trading, Axiory has just launched Swap-free Islamic accounts. This account type is specifically designed for individuals who adhere to the Islamic faith and cannot earn or pay interest, which is essentially what Swaps are.
Axiory offers Islamic variations of all accounts types currently available; however, there is a limitation on what symbols are available for trading, and an overnight commission is charged. However, that commission is by no means intended to represent an interest payment.
Updated MyAxiory Client Zone
As well as new Axiory account types, the company has also rolled out a couple of new and necessary design updates for the MyAxiory client zone. They should improve user experience and serve as a building block for many new features that the forex broker is apparently preparing for the coming months.
More about Axiory
- Axiory cTrader Review
- Axiory Global Hires a New CEO
