Axiance Broker Review For Nigeria In 2024

About Axiance

This broker has merged with M4 Markets.

Axiance is a regulated forex broker. It was first set up in 2021 and has a growing, international client base. Their main goal is, of course, on offering an excellent online trading online trading service. However, they also put a lot of focus on being an eco-friendly, socially responsible business – and that is a fairly unique approach in the forex industry.

Despite being one of the newer forex brokers on the market, Axiance is already very popular amongst traders in Nigeria. They have excellent trading account options and a wide range of trading instruments. You can choose from many popular asset classes such as forex, stocks, and indices. You can also benefit from great trading conditions including tight spreads and fast trade execution.

When it comes to trading support, Axiance has a lot to offer Nigerian traders. They have a great selection of tools including trading calculators, market analysis tools, and VPS services. They also offer access to educational resources such as articles, eBooks, and webinars. If you’re unsure where to start, Axiance also has a friendly customer team team that will be happy to help you open an account and access their online learning materials.

Key Values

Regulation

Axiance is a regulated forex broker. Axiance has a licence from the Cyprus Securities and Exchange Commission (CySEC). They also have licences from the Seychelles Financial Securities Authority (FSA) and the Mauritius Financial Services Commission (FSC). As such, they are a trustworthy broker.

Trading Instruments

Axiance has a great selection of online trading instruments. You can choose from popular asset classes such as forex, stocks, and indices. You can also trade commodities, cryptocurrencies, and futures.

• Forex: Axiance offers 50+ currency pairs including major, minor, and exotic pairs. There are many great options for beginners who want to trade common instruments with free analysis.
• Shares: They have hundreds of stock CFDs. You can choose from many popular trading instruments including Apple, Tesla, Meta, and Amazon.
• Indices: Axiance lets you take advantage of leveraged trading opportunities across the equity markets and speculate on the movement of 15 major stock indices.
• Commodities: They give you access to commodity CFDs so that you can make money trading precious metals, cotton, coffee and more.
• Cryptocurrencies: Axiance offers 27 cryptocurrency CFDs. You can trade Bitcoin, Bitcoin Cash, and Litecoin. You can also trade Ethereum, Ripple, and Tether.

Trading Platforms

Axiance offers two of the best trading platforms in the industry – MetaTrader4 and MetaTrader5. They are available across all devices including desktop, tablet, and mobile.

MetaTrader4

MetaTrader4 (MT4) is one of the best trading platforms for new traders. It has an easy-to-use interface and it comes with many handy trading tools. You can use it to trade many popular instruments such as forex pairs, shares, and indices. The MT4 trading platform also has many useful features including several advanced charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects. You can use these trading tools to do technical analysis and to execute your trades.

MetaTrader5

MetaTrader5 (MT5) is another great choice for beginner traders in Nigeria. It has a simple interface as well as many built-in trading tools. The platform is very easy to use and you can trade many instruments such as forex pairs, commodities, and shares. It also has a large selection of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects. You can use these tools to study the financial markets and to create your trading strategies.

Axiance Bonuses

Axiance offers up to 100% rebate. It awards each bonus on a case by case basis. The bonus you receive depends on your account type and your deposit size. To qualify for a rebate bonus on their Standard Account, you need to make a $2,500 minimum deposit. This will make you eligible for a bonus of up to 50%. The maximum rebate bonus offered per client is set at USD 10,000 or equivalent currency.

Axiance Account Types

Axiance has three different account options: the Standard Account, the Premium Account, and the VIP Account.

Standard Account

This is the best option for new forex traders. It comes with a minimum spread of 1.2 pips and there are no commissions. It also comes with high leverage of up to 1:1000. The Axiance minimum deposit for this account is $100. It includes access to all of their educational resources and online trading tools. The available base currencies are USD, EUR, and GBP.

Premium Account

This account is suitable for more experienced traders. It comes with a minimum spread of 0.8 pips and there are no commissions. As such, trading costs are very low. It also comes with high leverage of up to 1:1000. The Axiance minimum deposit for this account is $5000. It includes access to all of the Trading Central technical analysis and trading tools. The available base currencies are USD, EUR, and GBP.

VIP Account

This is the best account option for advanced traders. It comes with tight spreads starting from 0.0 pips. It also comes with high leverage of up to 1:1000. However, it’s important to keep in mind that there are commissions with this account. It’s also important to note that the required minimum deposit is $30,000. It includes access to a free VPS service. The available base currencies are USD, EUR, and GBP.

Deposits & Withdrawals

Axiance has several different payment options. You can fund your account using a debit card, credit card, or bank transfer. They also offer payments via e-wallets such as Skrill, Neteller, and Trustly. If you need more options, you can also make payments via iDeal, AstroPay, and Sofort. You can also withdraw money using any of these payment methods.

Fund Safety

Axiance offers a high level of client fund protection. It keeps client funds in segregated accounts, separate from its own funds. This ensures that client funds are never used for operational purposes. It also offers negative balance protection. 

Trading Tools

Axiance has some great trading tools. It offers many chart indicators and EAs. It also offers social trading, market sentiment tools, and other indicators by Trading Central.

Trading Central

Axiance has partnered with Trading Central to give you access to extra trading tools and resources. Trading Central is a well-known reputable company in the forex industry. They specialise in market news and technical analysis. Here are some of the main features:

• Fundamentals and technical news
• Daily market outlook newsletter
• 24h multi-asset coverage
• Helpful research tools
• Actionable updates and trend analysis

Their services will help you develop a better understanding of the markets and of how forex trading work . You can use their services to help identify trading opportunities. You can also use them to find and explore new trading strategies.

Trading TV

Axiance also partners with Trading Central to give you access to daily video market news. You get daily coverage of the global markets straight from the NYSE trading floor. You also get the most up-to-date news and briefings direct from the Trading Central research desk. With these helpful trading tools, you can stay on top of market trends. You can also get a better, more holistic view of the financial markets.

Education

Axiance has many great educational resources including articles, glossaries, and free trading webinars. It also has many other helpful resources including fundamental analysis, technical analysis, daily market outlooks, and daily TV news. 

Extra Trading Services

Axiance offers a VPS service. It is available for free with a VIP account. 

VPS Services

A VPS service is suitable for traders who want better connectivity and more flexibility. This because it enables you to trade with optimum technical conditions 24 hours a day 7 days a week,. You can use VPS services to run automated algorithmic strategies, including Expert Advisors on a virtual machine. You can also use it to minimize the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns.

Documents

To open a trading account, you will need to send Axiance proof of ID and proof of address. This is so that they can verify your identity and activate the account. 

Axiance Customer Support

Axiance has a friendly customer support team and they provide excellent customer service. Their team is available 24/5, Monday to Friday, during market hours. It is very easy to reach out to them if you have any questions or issues. You can contact them via phone, email, or live chat.

Conclusion

Axiance is a regulated forex broker offering world-class trading services. It has great trading conditions, excellent account options, and a secure trading environment. It also has great educational resources, advanced trading technology, and a helpful customer support team. 

Like what you see? Sign up for an online trading account with Axiance here.