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

Overview of Axiory

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.

Is Axiory legit or a scam？

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.

Pros and Cons

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

Market Intruments

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

Account Types

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

Demo 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.

Islamic 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.

How to open an account？

1. To open an account with Axiory, interested clients can simply navigate to the broker's website and click on the “Open Account” button.

1. 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.

1. 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.

Leverage

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.

Spreads & Commissions (Trading Fees)

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

Non-Trading Fees

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.

Trading Platform

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.

Deposit & Withdrawal

Deposit

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.

Withdrawal

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.

Customer Support

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.

Educational Resources

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.

Conclusion

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.

Pros and Cons

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.

LINE FX	Basic Information
Company Name	LINE FX
Founded	2018
Headquarters	LINE FX
Regulations	FSA
Tradable Assets	23 major currency pairs
Account Types	Streaming, market, limit, stop limit, OCO, IFD, IFD-OCO
Minimum Deposit	0 pips
Maximum Leverage	1:25
Spreads	From 0.2 pips to 3.9 pips
Commission	Commission-free
Deposit Methods	Supported major financial institutions in Japan
Trading Platforms	LINE FX Pro (PC) and LINE FX App (mobile)
Customer Support	AI chat on LINE, inquiry form on the website
Education Resources	Not specified
Bonus Offerings	LINE FX Point Program

General Information

LINE FX is a regulated forex broker founded in 2018, with its headquarters based in Japan. As a regulated entity under the Financial Services Agency (FSA) in Japan, the broker operates with authorization and approval to provide financial services, offering clients a level of trust and security. LINE FX specializes in forex trading and provides access to 23 major currency pairs, allowing traders to capitalize on fluctuations in global exchange rates. With a commission-free trading model and leverage set at 1:25, the broker offers cost-effective and flexible trading conditions, making it appealing to traders of various experience levels.

Traders can utilize the LINE FX Pro platform on PC or the LINE FX App on mobile devices to execute trades efficiently and stay connected to the markets. The user-friendly interfaces and advanced charting tools empower traders to make well-informed decisions. Additionally, the broker offers a diverse range of order types, catering to various trading styles and strategies. Customer support is readily available through AI chat on LINE and an inquiry form on the website, ensuring timely assistance for traders. Furthermore, LINE FX's point-based reward program provides traders with an opportunity to earn LINE Points based on their trading volume, adding an extra incentive for active participation in the markets. Overall, LINE FX's regulatory status, diverse currency pairs, commission-free trading, and supportive trading platforms make it a compelling choice for forex traders seeking a reliable and rewarding trading experience.

Is LINE FX Legit？

LINE FX is regulated by the Financial Services Agency in Japan. Its current status shows that it is operating under the registration number 関東財務局長(金商)第3144号, which indicates that it has been approved and authorized to provide financial services in Japan. Being regulated by a reputable regulatory authority like the Financial Services Agency ensures that LINE FX adheres to certain standards and rules, providing a level of protection and confidence to its clients. Traders can have more peace of mind knowing that the broker operates under the oversight of a regulatory body, which helps mitigate potential risks associated with unregulated brokers.

Pros and Cons

LINE FX caters to forex traders who prioritize regulated services, diverse currency pairs, and a commission-free trading environment. However, traders with specific needs, such as cryptocurrency trading or comprehensive educational resources, may need to explore other brokerage options. The decision to choose LINE FX will depend on individual trading preferences and goals. Here's a table summarizing the pros and cons:

Pros	Cons
Regulated	Limited Trading Instruments
Commission-Free Trading	Lower Leverage
Diverse Currency Pairs	Lack of Education Resources
User-Friendly Trading Platforms	Limited Customer Support Channels
No Non-Trading Fees	No Cryptocurrency Trading

Market Instruments

LINE FX offers a variety of major currency pairs, providing traders with opportunities to engage in forex trading and take advantage of fluctuations in exchange rates. Traders can access a total of 23 major currency pairs, providing ample opportunities to speculate on global economic trends and fluctuations in exchange rates. Each forex pair allows users to trade in increments of 10,000 currency units, ensuring flexibility in position sizing. One notable advantage for traders is that LINE FX offers these forex trades free of transaction fees, reducing the overall cost of trading.

The offered currency pairs include major combinations like USD/JPY, EUR/USD, and GBP/USD, as well as crosses like EUR/JPY, GBP/JPY, and AUD/JPY. The inclusion of exotic pairs like ZAR/JPY, MXN/JPY, and TRY/JPY may attract traders seeking exposure to more unique and emerging market currencies.

It's worth noting that while LINE FX provides an extensive selection of forex pairs, its offerings are limited to this asset class. Traders interested in diversifying their portfolios with other financial instruments like commodities, cryptocurrencies, or stocks may need to consider alternative brokerage options that offer a broader range of trading instruments. However, for those primarily focused on forex trading, LINE FX's variety of major currency pairs and favorable trading conditions may prove advantageous.

Here is a comparison table of trading instruments offered by different brokers:

Broker	LINE FX	IC Markets	FxPro	RoboForex
Forex	Yes	Yes	Yes	Yes
Commodities	No	Yes	Yes	Yes
Crypto	No	Yes	Yes	Yes
CFD	No	Yes	Yes	Yes
indexes	No	Yes	Yes	Yes
Stock	No	Yes	Yes	Yes
ETF	No	No	No	Yes
Options	No	No	Yes	No

Order Types

LINE FX offers eight different order types to accommodate various trading styles and strategies. The primary order types include streaming, market, limit, and stop limit orders.

Streaming orders allow for real-time monitoring and instant execution at prevailing market prices. Market orders execute trades at the current market price, providing quick execution. Limit orders enable traders to set specific entry and exit points, executing the trade when the market reaches the specified price. Stop limit orders combine stop and limit order functionalities, triggering a limit order when a specified stop price is reached.

LINE FX also provides more advanced order types, such as One Cancels the Other (OCO) and If Done (IFD) orders. OCO orders link two orders together, canceling one if the other is executed. IFD orders are conditional orders that execute only if another order is executed first. Additionally, the IFD-OCO order type combines both IFD and OCO functionalities, allowing for multi-layered strategies. Finally, traders can use the Close All order to quickly liquidate all open positions in one action. LINE FX's diverse order types empower traders to tailor their trades according to their individual preferences and risk tolerance.

How to Open an Account？

To open an account with LINE FX, follow these steps.

1. Visit the LINE FX website and locate the “Open a Free Account Here” link.

2. Tap on the “Open a Free Account Here” link to initiate the account opening process.

3. You will be redirected to the account opening application form.

4. Complete the application form using either your smartphone or computer.

5. Make sure to use the latest version of the LINE app for a smooth experience.

6. Note that LINE FX does not accept account opening requests via postal mail, so online application is mandatory.

7. Follow the provided instructions on the application form.

8. Provide accurate and up-to-date personal information as required for the KYC (Know Your Customer) procedure.

9. Submit the application form along with any required identification documents.

10. Wait for the verification process to be completed.

11. Once your account is approved, you will receive login credentials to access your trading account.

12. Before proceeding, carefully read and understand the terms and conditions, as well as the risks associated with trading.

13. Opening an account with LINE FX gives you access to their range of trading instruments and platform features, so it's essential to have a clear understanding of their services before starting your trading journey.

Leverage

At LINE FX, the leverage offered for trading is set at 25:1. This means that to place a trade, users are required to pledge a margin of at least 4% of the total trade value for each currency pair. Leverage allows traders to control larger positions in the market with a smaller amount of capital. In this case, with a 25:1 leverage ratio, for every $1 of the trader's capital, they can control a trading position worth up to $25.

While leverage can amplify potential profits, it also increases the level of risk involved in trading. Higher leverage means higher exposure to market fluctuations, making the account more vulnerable to significant gains or losses. Traders should be cautious and use leverage responsibly, considering their risk tolerance and implementing proper risk management strategies to protect their capital.

The 25:1 leverage offered by LINE FX is in accordance with the regulations set by the financial authorities to ensure the safety and protection of traders. It is essential for traders to understand the implications of leverage and carefully manage their positions to avoid substantial losses. As always, trading with leverage carries inherent risks, and traders should thoroughly educate themselves about leverage before engaging in any trading activities.

Here is a comparison table of maximum leverage offered by different brokers:

Broker	LINE FX	Capital Bear	Libertex	Admiral Markets UK
Maximum Leverage	1:25	1:5	1:30	1:500

Spreads and Commissions

LINE FX offers spreads on its trading instruments that vary across different currency pairs. Based on the provided data, spreads range from 0.2 pips to 3.9 pips. Major currency pairs like USD/JPY, EUR/USD, and GBP/USD tend to have relatively tighter spreads, which can be important for traders who prefer lower trading costs.

Additionally, LINE FX operates with a commission-free trading model. This means that traders do not have to pay extra fees per trade, which can be advantageous for those who wish to avoid additional costs in their trading activities.

It's important for traders to carefully consider the spreads and commission structure offered by LINE FX and compare it with other brokers in the market. While the absence of commissions can be appealing, traders should also weigh other factors, such as the regulatory status and the overall trading experience provided by the broker, before making their final decision.

Non-Trading Fees

LINE FX offers a transparent fee structure with no account opening fees, no trading fees, no deposit fees, and no withdrawal fees. This can be advantageous for traders as it eliminates many of the typical non-trading fees that are commonly associated with forex trading.

In addition, LINE FX does not charge any rollover fees, also known as swap fees or overnight fees. Rollover fees are usually incurred when a position is held open overnight, and they can add to the overall cost of trading. However, LINE FX provides swap points based on the interest rate differentials between the two currencies in a currency pair, and this can result in either a positive or negative swap, depending on the direction of the trade.

Furthermore, LINE FX does not impose any inactivity fees. Inactivity fees are often charged by brokers when an account remains dormant for a certain period without any trading activity. Traders at LINE FX can maintain their accounts without worrying about incurring such fees, even if they are not actively trading for an extended period.

The absence of non-trading fees at LINE FX can be appealing to traders as it allows them to focus on their trading strategies without the burden of additional charges. However, traders should still be mindful of any potential fees that may be associated with their payment methods, such as bank fees for wire transfers, as these charges are typically determined by the financial institutions involved rather than the broker itself. Overall, LINE FX provides a fee-friendly trading environment, giving traders the flexibility to manage their accounts and trades without incurring unnecessary costs.

Deposit & Withdraw Methods

To deposit funds into a LINE FX account, users can log in and access the “Deposit” option from the TOP page. However, it is important to note that users must have internet banking registration with the financial institution from which they plan to deposit. LINE FX supports deposits from several major financial institutions, including Mitsubishi UFJ Bank, Mizuho Bank, Sumitomo Mitsui Bank, Rakuten Bank, Jibun Bank, and PayPay Bank. It is crucial to ensure that the depositor's name matches the account name with LINE FX, as the platform does not accept deposits from different names. If a deposit is made from a different name, a refund process, known as “組戻し,” will be initiated, and the customer will be responsible for any associated fees. The procedure for “組戻し” needs to be performed with the sender's financial institution, and customers can inquire about the specific steps and fees involved with the bank. LINE FX requires no minimum deposit for forex trading, which sound great for new traders to get started.

As for withdrawals, users can make requests through the LINE FX platform. It is important to note that withdrawals can only be made to the registered bank account under the same name as the LINE FX account holder. Additionally, the processing time for withdrawals may vary depending on the user's bank and other relevant factors. To ensure a smooth and efficient withdrawal process, users should make sure their bank account details are correctly registered with LINE FX.

LINE FX does not charge any deposit fees, which can be advantageous for traders. However, it is essential to check with the user's financial institution to determine if they charge any fees for transferring funds to LINE FX. Keeping in mind the deposit and withdrawal methods available and the associated costs can help traders effectively manage their finances and optimize their trading activities.

Trading Platforms

LINE FX offers two trading platforms: LINE FX Pro for PC and LINE FX App for mobile devices.

LINE FX Pro is a full-featured and high-functioning trading tool designed for ease of use and efficiency on PC. Traders can access advanced charting tools, technical indicators, and analytical features to make well-informed trading decisions. The platform's user-friendly interface provides a seamless trading experience and enables traders to execute trades with precision and speed. It is a robust platform suitable for both beginner and experienced traders who prefer to trade on their desktop or laptop devices.

On the other hand, for those who prefer to trade on the go, LINE FX App is the recommended choice. The mobile app ensures traders don't miss any trading opportunities and allows for smooth forex trading with its intuitive interface. With the app, traders can monitor their positions, check real-time market prices, and execute trades from their smartphones or tablets. The app's user-friendly design ensures easy navigation and accessibility to essential trading tools, making it a convenient option for traders who want to stay connected to the markets while on the move.

Technology

LINE FX offers 11 technical indicators with configurable parameters. Streaming charts can be displayed horizontally or vertically, and users can keep the real-time charts displayed on their smartphone screen while they quickly trade with a tap of a button. If that's not enough, the service also lets users quickly pull up four charts, change currency pairs, display a different timeline, draw a trend line, and more.

Trading hours

Day sessions: 9:00 am to 11:20 am, 11:30 am to 12:20 pm, 12:30 pm to 2:50 pm Night session: 5:00 pm to 9:00 pm. ETF trading is currently limited to day sessions. Orders are not accepted on market holidays or outside of trading hours.

Customer Support

LINE FX provides customer support to ensure a seamless trading experience for its clients. Traders can access support through AI chat available on LINE (with 24-hour availability) and an inquiry form on the platform's website. The AI chat is designed to provide quick and automated responses to common inquiries and concerns, offering timely assistance at any time of the day or night.

Additionally, clients can use the inquiry form to submit more detailed or specific questions related to their trading activities. The support team is dedicated to addressing these inquiries promptly and efficiently, aiming to resolve any issues or provide the necessary information to traders.

The customer support offered by LINE FX is an essential aspect of the broker's commitment to client satisfaction and safety. By offering free support, the broker ensures that its clients can trade with confidence, knowing that they have access to assistance whenever needed.

It's important to note that while AI chat and the inquiry form provide valuable support, they may not fully replace the personalized assistance offered by a dedicated support team. Traders who require more extensive support or face complex issues may benefit from direct communication with the customer support representatives.

Trading Tools

LINE FX offers convenient trading tools, including real-time economic indicator and market news notifications. Through their official LINE FX account, users receive timely updates, allowing them to stay informed without the need to check multiple sources. Additionally, traders can easily access the FX mobile app directly from the official account, enabling them to execute trades efficiently with a user-friendly interface and real-time market data. These tools empower traders to make well-informed decisions and navigate the financial markets effectively. However, it's essential to consider other aspects of the platform, such as trading instruments and regulatory status, to ensure it meets individual trading needs.

Bonus

LINE FX offers a rewarding point program called the “LINE FX Point Program,” where traders can earn LINE Points through their forex trading activities. The program provides an opportunity for traders to receive LINE Points as a special bonus based on their monthly trading volume, particularly for trading volumes exceeding 1 million currency units.

The point program operates on a monthly basis, and on the 15th of each month, the assessment takes place to determine the point reward rate, which is influenced by the trader's cash balance. Traders who meet the specified conditions can enjoy a doubled point reward rate, making it even more attractive for those who actively engage in trading.

By participating in the LINE FX Point Program, traders can accumulate LINE Points over time, which can be used for various purposes within the LINE ecosystem. These points can potentially be redeemed for various services or products, providing an added benefit to traders beyond their regular trading activities.

The bonus program not only incentivizes active trading but also offers traders the chance to benefit from additional rewards, further enhancing their overall trading experience with LINE FX. It's important for traders to stay updated on the program's terms and conditions to make the most of the point rewards and maximize their trading benefits.

Conclusion

In conclusion, LINE FX is a regulated forex broker founded in 2018 and authorized by the Financial Services Agency (FSA) in Japan. It offers a diverse selection of 23 major currency pairs, allowing traders to engage in forex trading and capitalize on exchange rate fluctuations. With a commission-free trading model and a maximum leverage of 1:25, LINE FX provides cost-effective and flexible trading conditions. The availability of the user-friendly LINE FX Pro platform for PC and the LINE FX App for mobile devices ensures seamless trading experiences. While the broker offers a rewarding point program and reliable customer support through AI chat and an inquiry form, it lacks educational resources and does not support cryptocurrency trading. Traders should carefully consider their individual needs and preferences when choosing LINE FX as their preferred forex broker.

FAQs

Q: Is LINE FX a regulated broker？

A: Yes, LINE FX is a regulated broker authorized by the Financial Services Agency (FSA) in Japan, which means it operates under strict rules and standards to ensure client protection.

Q: What trading instruments does LINE FX offer？

A: LINE FX specializes in forex trading and offers 23 major currency pairs, allowing traders to engage in speculation based on global exchange rate fluctuations.

Q: Does LINE FX charge commissions on trades？

A: No, LINE FX operates on a commission-free trading model, which means traders are not charged any extra fees per trade.

Q: What is the maximum leverage offered by LINE FX？

A: LINE FX provides a maximum leverage of 1:25, allowing traders to control larger positions in the market with a smaller amount of capital.

Q: What trading platforms does LINE FX offer？

A: LINE FX offers two trading platforms: LINE FX Pro for PC and LINE FX App for mobile devices, providing traders with flexibility in executing trades.