Axiory Broker Review – Forex Trading Platform | Axiory

Axiory Basics

🏛️ Based in	Belize, Mauritius and UAE
⚖️ Regulation	FSC, FCA
💰 Minimum Deposit	$10 (4000 Naira)
💳 Deposit Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
💳 Withdrawal Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
📌 Open an account	Start Trading with Axiory

Our Opinion About Axiory

Axiory is one of the most popular forex brokers in Nigeria. First established in 2011, it is now an international broker with offices in Belize and the United Arab Emirates. They are an award-winning company with an excellent reputation and a large client base.

When it comes to online trading. Axiory offers great accounts and good trading conditions. They have two main account types – both of which come with high leverage, competitive pricing, and fast trade execution. They also have 300+ trading instruments – including forex, metals, energies, CFD indices, CFD stocks, equities, and ETFs.

When it comes to trading technology, Axiory offers excellent trading platforms, free copy trading services, and many other useful trading tools. They also have good educational materials, helpful trading resources, and good customer support. In our opinion, they are a trustworthy forex broker offering reliable services.

Key Benefits

Regulation and Safety

Axiory has three main types of regulatory oversight. Under these licences and registrations, Axiory offers its online trading services to many countries worldwide, including Nigeria.

• FSC (Belize) – It has a licence from the International Financial Services Commission of Belize, with licence number 000122/163. The FSC is a statutory body that regulates, supervises, and enforces regulations relevant to international financial service providers.
• FSC (Mauritius) – It has a licence from the Mauritius Financial Services Commission, with licence number GB21026376. The FSC regulates and supervises the development, fairness, efficiency, and transparency of financial institutions and capital markets in Mauritius.
• FCA (UK) – The Axiory CopyTrade platform which is a white label of London & Eastern LLP, is authorised and regulated by the FCA, under licence number 534484. The FCA regulates the UK financial services industry with the aim of securing a degree of protection for traders.

Regulations In Nigeria

Forex traders in Nigeria can register under the FSC-licensed business entity. Axiory delivers an excellent service and a high level of client fund protection. Axiory also goes beyond their regulatory requirements and strives to offer the best possible data and fund security. It places a high value on transparency, and for added reassurance, hires a third-party auditor to check its account management.

Fund Safety

Axiory keeps clients funds in segregated accounts. This means that client funds are separate from its own funds. This means that it cannot use client funds for operation purposes. You can therefore trust that your funds will be kept safe. In addition, all client funds are held in accounts with reputable banks. Their accounts are also audited by PricewaterhouseCoopers (PwC); a reputable international network of financial services including auditing, etc.

Industry Awards

Axiory is an award-winning company that has won many accolades in recognition of its service and its technology. Its most recent awards include:

• Excellent In Customer Service (International Investor Magazine)
• Most Transparent Forex Broker – Asia (Ultimate Fintech Awards)
• Most Transparent Forex Broker – Asia (Global Forex Awards – Retail)
• Best New Forex Brand (Global Brands Magazine)

Axiory: Legit or Scam?

Axiory is a legit forex broker. They have been offering online trading services for over 10 years and have earned the trust of many traders worldwide. They are a regulated company and offer a good level of client fund protection. With regards to their online trading services, they have good trading accounts and fair trading conditions. They also have a good range of payment methods and a fast withdrawal process. In our opinion, they are a fair and trustworthy forex broker.

Trading Assets

Axiory offers over 300 online trading instruments. You can trade currency pairs, metals, energies, CFD indices, CFD stocks, equities, and ETFs.

Trading Instruments

• Forex: Axiory offers 40+ currency pairs including major, minor, and exotic pairs. You can trade popular instruments including EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
• Shares: They offer CFDs on shares. You can trade many popular instruments across sectors such as technology, finance, transport, and energy.
• Indices: Axiory has many indices available for both equities and oil. You can choose from many popular indices across the UK, American, European, and Asian markets.
• Energies: They offer CFD trading on energies. You can trade all of the most popular instruments including US Brent, WTI, and natural gas.

Axiory has also recently launched exchange stocks and exchange ETFs. You can find more information about the trading conditions available for each of the asset classes on the website. You will be able to see the trading hours, contract type, and minimum lot size.

Axiory Account Types

Axiory has four different account options for forex trading. These are the Nano Account, the Standard Account, the Max Account, and the Tera Account. It also has a demo account option, an Islamic account option, and an Alpha account for trading with ETFs and Stocks.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Nano	From 0.2 pips	$10	1:400	$6 per lot
Standard	From 1.2 pips	$10	1:400	$0 per lot
Max	From 1.8 pips	$10	1:777	$0 per lot
Tera	From 0.2 pips	$10	1:400	$6 per lot
Alpha	From 0.0 pips	$10	1:1	$0 per lot

Nano Account

The Axiory minimum deposit is $10. As such, it is a great choice for traders with less experience and less trading capital. It comes with an average spread of 0.00003 on EUR/USD. It also comes with high leverage of up to 1:400. There is a small commission of 6 USD/lot. The minimum trade volume is 0.01 lots. There is no limit on the maximum number of open and pending trades. The base currencies are EUR and USD. It is worth noting the Nano Account is only available on MT4 and cTrader.

Standard Account

This is a great account for new forex traders. It comes with an average spread of 0.00013 on EUR/USD and there are no commissions on forex instruments. As such, it offers very low-cost trading. It also comes with high leverage of up to 1:400. The minimum trade volume is 0.01 lots. There is no limit on the maximum number of open and pending trades. The base currencies are EUR and USD. It is important to note that the Axiory Standard Account is only available on MT4 and cTrader.

Max Account

This is a great account for experienced traders in Nigeria. It comes with an average spread of 0.0002 on EUR/USD and there are no commissions on forex instruments. As such, it has very competitive trading conditions. It also comes with high leverage of up to 1:777. As with the other accounts, the minimum trade volume is 0.01 lots and there is no limit on the maximum number of trades. The base currencies are EUR and USD. It is worth noting the Axiory Max Account is only available on MT4 and cTrader.

Tera Account

This is a great account for more advanced traders in Nigeria. It comes with an average spread of 0.0003 on EUR/USD and there are no commissions on forex instruments. As such, it has relatively low trading costs. It also comes with high leverage of up to 1:400. As with the other accounts, the minimum trade volume is 0.01 lots and there is no limit on the maximum number of trades. The base currencies are EUR and USD. It is important to note that the Axiory Tera Account is only available on MT5.

MT5 Alpha Account

The MT5 Alpha account is a new addition to the Axiory offering. It gives traders access to two new types of trading instruments – exchange stocks and ETFs. It comes with 1:1 leverage and commissions from 1.5 USD/lot. As with the other Axiory accounts, it also comes with negative balance protection and an unlimited maximum number of trades. The base currencies are EUR and USD. It is important to note that the Axiory Tera Account is only available on MT5.

Demo Account

Axiory offers a demo account where you can practise trading in a risk-free environment. The demo account comes with $10,000 in virtual credit. It is available on all three of their trading platforms – MT4, MT5, and cTrader. They do their best to recreate a live trading experience. As such, you can trade with real market conditions. You can also optimise your leverage and test your trading strategies.

Islamic Swap-Free Accounts

All of the Axiory accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account.

PAMM Accounts

Axiory doesn’t offer PAMM accounts at the moment. This means that Nigerian traders are unable to access managed account services with Axiory. However, it does offer a copy trading service. This means that Nigerian traders are still able to learn from more experienced traders and copy trades in exchange for a small fee.

Axiory Base Currencies

Axiory only offers two base currencies – USD and EUR. This means that you will not be able to have NGN as your base currency. It also means that you will have to pay conversion fees on all deposits and withdrawals.

Axiory Leverage

The leverage available depends on which trading instrument you choose. For example, the maximum leverage available on forex instruments is 1:777. For some instruments, such as indices and metals, the maximum leverage is 1:100. And for instruments, like stocks and ETFs, the leverage is 1:1.

Axiory Spreads

The Axiory spreads are quite good. The spreads available depend on which trading account you choose. For example, for EURUSD, you can expect average spreads of 1.80 on the Max account, 0.2 on the Nano account, 1.20 on the Standard account, and 0.20 on the Tera account. There are average spreads of 0.0 on the Alpha account.

Axiory Commission

Axiory broker commissions are quite low. The commission charged depends on which trading account you choose. For example, for EURUSD, you can expect an average commission of $6 per lot on the Nano account and the Tera accounts. Due to their fee structure, you can get zero commission trading on Max account and the Standard account.

Axiory Registration – How To Open Axiory Accounts

As part of our forex Axiory review, we checked their account requirements. If you live in Nigeria, then you are eligible to open an online trading account. The registration process is quite simple. The first thing you need to do is to register online via the Axiory website. This is so that they can gather some basic personal data and create your online trading account. At this stage of the registration process, all you need to do is choose an email address and password. These will be your login details.

The next step is to complete a short quiz about online trading. This is so that Axiory can understand how much you know about forex trading and whether their services are suitable for you. At this stage, all you need to do is answer a few questions to show Axiory that you know how to trade. If you pass the test, you can proceed to account verification.

Axiory Registration – How To Verify Axiory Accounts

As part of the registration process, Axiory also needs to check your identity. For this reason, they ask you to complete their KYC process and submit certain verification documents. You will need to send them a primary form proof of ID. This could be a copy of your passport or driving licence. You will also need to give them a secondary form of ID. This could be a utility bill, a bank statement, or a government issued tax document. Once you have finished the KYC process, and Axiory has verified your identity, they will then approve and verify your account.

Axiory Bonuses

Axiory offers regular promotions and bonuses – including some very generous welcome bonuses! The most recent Axiory welcome bonus was a 100% bonus up to $700.

Payment Methods

As part of our Axiory review, we looked at what payment options are available. As the Axiory minimum deposit amount is so low, opening an account is fairly easy. They also offer a wide range of convenient payment methods, including popular e-wallets.

Axiory Deposits

Deposit Methods

You can deposit money using debit cards, credit cards, international wire transfer, Stickpay, Netteler, Skrill, VLoad, ThunderXPay, and other local deposit methods..

Minimum Deposits

Axiory has very low minimum deposits. For example, for Nigerian traders, you can expect minimum deposits of just $10 on the Max account, the Nano account, the Standard account, and the Tera account.

Deposit Times

Deposit times are generally quite good. They are in line with what you expect from a reliable forex broker. Deposits with Visa, SticPay, Neteller and Skrill are instant. Deposits with debit card and credit card can take up to 1 day. Deposits with bank transfer can take up to 3-10 business days.

Deposit Fees

Deposit fees are generally quite good. They are in line with what you expect from a regulated forex broker. Deposits with Visa, SticPay, Neteller and Skrill are free. Deposits with debit card, credit card, and bank transfer are also free. However, it is important to note that the payment providers might impose their own fees.

Axiory Withdrawals

Withdrawal times are generally quite fast. They are in line with what you expect from a reliable forex broker. Withdrawal with Visa, SticPay, Neteller and Skrill are instant. Withdrawals with debit card and credit card are also instant. Withdrawals with bank transfer can take up to 3-10 business days.

Withdrawal Methods

You can withdraw money using all available payment methods. You can choose from debit cards, credit cards, and international wire transfer. You can also choose from Stickpay, Netteler, Skrill, VLoad, ThunderXPay, and other local deposit methods.

Withdrawal Times

Withdrawal times are generally quite fast. They are in line with what you expect from a reliable forex broker. Withdrawals with Visa, SticPay, Neteller and Skrill are instant. Withdrawals with debit card and credit card are also instant. Withdrawals with bank transfer can take up to 3-10 business days.

Withdrawal Fees

Withdrawal fees are generally quite good. They are in line with what you expect from a regulated forex broker. Withdrawals with Visa, SticPay, Neteller and Skrill are free. Withdrawals with debit card, credit card, and bank transfer are also free. However, it is important to note that the payment providers might impose their own fees.

Maximum Withdrawals

The minimum withdrawal amount is $10. There is no maximum withdrawal amount.

Withdrawal Problems

Axiory is a regulated broker and takes client fund safety very seriously. In order to comply with their regulatory requirement, and to ensure funds are safely returned, Axiory insists that all Axiory withdrawal requests from a trading account must go to a bank account or a source in the trader’s name.

Axiory Trading Platforms

Axiory offers some of the best online trading platforms for new forex traders. You can choose from MetaTrader 4, MetaTrader 5, and cTrader. You can also access all these platforms via desktop, tablet, and mobile, giving you full control over where you trade.

• MetaTrader4 – MetaTrader4 (MT4) is a great platform for trading forex in Nigeria. It has a very user-friendly design making it a great choice for new traders. You can use it to access many popular financial markets including forex, stocks, and indices. The Axiory MT4 trading platform has many helpful built-in trading tools, as well as 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these features to work on your market analysis and to manage your trades.

• MetaTrader5 – MetaTrader5 (MT5) is also a popular choice for forex traders in Nigeria. It has a simple interface and comes with lots of helpful trading tools. You can use it to trade many trading instruments including forex, shares, commodities, and ETFs. The Axiory MT5 trading platform also has many important features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly more functionality than MetaTrader4 and enables you to implement more advanced strategies.

• cTrader – cTrader is a less well-known but equally powerful trading platform. It comes with a user-friendly interface and lots of built-in tools. As with MT4 and MT5, you get access to a wide range of CFD trading instruments including forex, metals, and stocks. cTrader also comes with 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools. As such, it is a great trading platform that you can use to carry out market analysis and execute your trades.

Education and Research

As part of our Axiory review, we checked what educational materials are available for new traders. Axiory offers great educational support. It has a large selection of free trading articles, guides, videos, and trading webinars. It also has an online Academy that offers free educational courses to Axiory traders. They teach you all the basic terminology such as pips, margin, leverage and spreads. They also show you how to open an account and how to make your first trades. For more experienced traders, they also cover advanced technical analysis strategies and risk management techniques.

Trading Tools

Axiory aims to offer some of the best, most cutting-edge online trading tools in the industry. They have trading calculators and an economic calendar. They also have a copy trading platform and free market analysis tools.

• Economic Calendars – The Axiory economic calendar includes all of the top economic data releases and market updates from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes monitoring market news and predicting price movements much easier.

• Trading Calculators – They have a range of trading calculators that you can use to plan your trades, manage your risk, and implement more effective trading strategies. The available trading calculators include a margin calculator, a pip calculator, a currency calculator, a swap calculator, and a profit calculator.

• Axiory CopyTrade – This is the copy trading tool. You can use it to follow other traders and copy their trades. Simply choose the trader you like, set your trading amount, and click copy. This tool will enable you to discover new strategies, make easier trades, and generate better results.

• AutoChartist – Autochartist helps you analyse the market through a wide range of tools and features. It comes with alerts that help you spot new trading opportunities. It also comes with chart pattern forecasts and automated analysis. As such, it is very helpful for new traders who need help staying on top of trends.

Axiory VPS Trading Services

The company also offers a VPS service. This is great for traders who want more stability and flexibility. It enables you to trade with better technical conditions and more consistent connectivity. You can use their VPS services to run automated algorithmic strategies, including Expert Advisors, on a virtual machine. You can also use it to reduce the risk of downtime due to power failures, connectivity issues, and computer shutdowns.

Axiory Trading Hours

Axiory operates during standard trading hours. You can open trades whenever the forex market is open. Trading hours may vary on public holidays.

Axiory Customer Support

As part of our Axiory review, we checked what customer support is available for new forex traders. Axiory prides itself on its excellent customer support. The customer service team is available from 07:00 until 15:00, Monday to Friday. You can contact them via email, phone, and live chat. Support is available in English, as well as other languages.

Our Verdict

Axiory is a well-established broker with a good reputation within the industry. It has won many prestigious awards for its services and its great trading conditions. As a broker that invests heavily in trading technology, it offers a good choice of trading platforms and many helpful trading tools. It also offers excellent educational resources and trading support. Axiory is therefore suitable for both novice and experienced traders.

Axiory Forex Broker Review – FAQ

Ready to sign up? Register for an online trading account with Axiory here.

Axiory Forex Broker Review – Similar Brokers

Axiory is a great choice for all forex traders. However, if you want to consider all your options, there are also many other forex brokers in Nigeria. Here are some similar brokers.

Still deciding? Take a look at some of our other forex broker reviews.