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Axiory – Forex Broker Review 2022

About Axiory

Axiory is an established, trustworthy online forex broker. It offers excellent trading conditions including low commissions, tight spreads, and fast trade execution. It also offers great trading platforms and useful trading tools. With Axiory, you get low cost trading on 300+ trading instruments. You also get excellent trading resources and high quality customer support.

Regulation

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.

These registrations and licences ensure that 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.

Trading Instruments

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

  • 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 Axiory website. You will be able to see the trading hours, contract type, and minimum lot size.

Axiory Bonus

It’s also useful to know Axiory offers a $100 withdrawable bonus!

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 crypto. 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 a great trading platform that you can use to carry out market analysis and execute your trades.

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.

Acct Type

Spreads

Instruments

Minimum Deposit

Max. Leverage

Commission

Nano

From 0.2 pip

All Available

$10

1:400

$6 per lot on Majors, $0.04 per CFD on stock CFDs.

Standard

From 1.2 pip

All Available

$10

1:400

$0 per lot on Majors, $0.04 per CFD on stock CFDs.

Max

From 1.8 pip

All Available

$10

1:777

$0 per lot on Majors, $0.06 per CFD on stock CFDs.

Tera

From 0.2 pip

All Available

$10

1:400

$6 per lot on Majors, $0.04 per CFD on stock CFDs.

Alpha

N/A

Real stocks and ETFs

$1

1:1

$1.5 per lot on Majors.

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 access 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 balanced 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.

Deposit & Withdrawals

You can deposit money using debit cards, credit cards, international wire transfer, Stickpay, Netteler, Skrill, VLoad, ThunderXPay, and other local deposit methods. The maximum deposit time is 24h. You can also withdraw your money using these payment methods. The maximum withdrawal time is 24h.

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 additions, 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.

Education

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 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 copytrading 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 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 copytrading 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 help for new traders who need help staying on top of trends.

Axiory

Extra 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 unexpected power failures, connetivity issues, and computer shutdowns.

Axiory Customer Support

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.

Conclusion

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.

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