
Axiory Account Types
Axiory provides 5 different account types, the NANO account, a Standard account, a MAX account, a Terra account, and an Alpha account. The Islamic account and demo account options are also available. Each account type has its own set of conditions.

- Louis Schoeman
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Account Types Overview

Account Types

Account Features

Pros and Cons

Final Verdict

FAQ
Min Deposit
10 USD / 4145 NGN
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
🏛️ Headquartered | Belize |
🏛️ Nigerian Based Office | No |
👍 Accepts Nigerian Traders? | Yes |
📅 Year Founded | 2011 |
📱 Nigerian Office Contact Number | None |
⚖️ Regulation | FSC Belize, FSC Mauritius, FCA |
🔎 License Number | • Belize – 000122/163 • Mauritius – GB21026376 • United Kingdom – 534484 |
⚖️ CBN Regulation | None |
✴️ Regional Restrictions | United States, Canada, EU Countries, Japan, The Islamic Republic of Iran, Indonesia, North Korea, Belize, Russia, Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, Yemen, Jordan, Mali, Turkey |
☪️ Islamic Account | Yes |
📈 Demo Account | Yes |
📈 Retail Investor Accounts | 6 |
📊 PAMM Accounts | No |
📊 Liquidity Providers | Several Partner Banks |
💰 Affiliate Program | Yes |
📊 Crypto trading offered? | No |
🚀 Offers a Nigerian Account? | No |
💻 Dedicated Nigerian Account Manager? | No |
📈 Maximum Leverage | 1:777 |
📈 Leverage Restrictions for Nigeria? | None |
💳 Minimum Deposit (₦) | 4,100 NGN or equivalent to $10 |
💳 Nigerian Naira Deposits Allowed? | No |
💰 Active Nigerian Trader Stats | 1.3 million |
📈 Active Nigerian-based Axiory customers | Unknown |
💰 Nigeria Daily Forex Turnover | $1.25 million+ |
💳 Deposit and Withdrawal Options | • Credit Cards • Debit Cards • Bank Transfer • Sticpay • Neteller • Skrill • Vload • ThunderXPay |
💰 Segregated Accounts with Nigerian Banks? | No |
💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader • Axiory CopyTrade |
💰 Tradable Assets | • Forex • Gold and Precious • Metals • Oil and Energies • CFD Indices • CFD Stocks • Exchange Stocks • Exchange ETFs |
🌐 Offers USD/NGN currency pair? | No |
🌐 USD/NGN Average Spread | N/A |
📈 Offers Nigerian Stocks and CFDs | None |
👨💼 Languages supported on Website | Thai, Portuguese, Russian, Spanish, Vietnamese, Chinese, English, Arabic |
👥 Customer Support Languages | Multilingual |
👥 Customer Service Hours | 24/4 |
👥 Nigerian-based customer support? | None |
💰 Bonuses and Promotions for Nigerians | None |
✴️ Education for Nigerian beginners | Yes |
📊 Proprietary trading software | Yes |
💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
✔️ Is Axiory a safe broker for Nigerians? | Yes |
✔️ Rating for Axiory Nigeria | 8/10 |
✔️ Trust score for Axiory Nigeria | 90% |
👉 Open an account | 👉 Open Account |
Axiory Account Types – 8 key points quick overview:
Axiory Account Types Overview
👉 According to research in Nigeria, Belize’s International Financial Services Commission (IFSC) oversees Axiory, which was founded in 2012 and is an STP and ECN broker based in Belize. Axiory welcomes Nigerian traders even though the broker does not have offices based in Nigeria and it is not regulated by the Central Bank of Nigeria (CBN).
👉 “Purple Technology” is a worldwide Fintech firm and online trading brand that offers the finest trading solutions, server administration and optimization, competitive trading conditions, web application development, payment methods and more to all sorts of brokers.
👉 One of the world’s major worldwide brands, Axiory was formed by fund managers and has since evolved to provide 150 financial products ranging over a wide range of asset classes. “Purple Technology” is a worldwide fintech organization that supplies brokers with unique trading solutions including server administration and optimization, web applications development, payment solutions and more.
👉 Equinix data centres in London, Tokyo, and New York host Axiory’s trading servers, which leverage modern trading technologies and infrastructures. Trades are completed in less than 200 milliseconds.
👉 Nigerians who are expert coders or trade in high volumes can use the fix protocol 4.4 trading solutions. If the protocol is followed, all transactions will take place in Equinix London (LD4). Stability is ensured since the primary servers are backed up in real-time.
Axiory Account Types
👉 Axiory offers Nigerian traders a choice between five different trading accounts, each designed to suit a different experience level. The trading conditions offered on these accounts are competitive, and traders are bound to find an account that will suit their unique trading needs.
➡️️ Nano Account
➡️️ Standard Account
➡️️ Max Account
➡️️ Tera Account
➡️️ Alpha Account
Axiory Account Features
Nano Account
👉 In keeping with its moniker, the Nano Account enables traders to trade micro-lots with no restrictions on the number of open or pending orders per customer account. This is a great account for those who are new to trading or those who wish to experiment with different approaches.
Account Feature | Value |
💳 Minimum Deposit Requirement | 4,100 NGN equivalent to $10 |
📈 Platforms Available for Account Type | MetaTrader 4, cTrader |
📊 Average Spreads on Major Forex Pairs | 0.3 pips |
🚀 Maximum Leverage Ratio | 1:400 |
🔎 Commission Charges on Trades | $6 per lot |
📈 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
💰 Account Base Currency Options | EUR or USD |
🔨 Negative Balance Protection Offered | Yes |
📱 Is Hedging Allowed? | Yes |
💸 Minimum Forex Trading Volume | 0.01 lots |
👥 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
📈 Maximum Open and Pending Positions | Unlimited |
💵 Islamic Account Conversion Offered? | Yes |
📉 Access given to Axiory CopyTrade? | No |
Standard Account
👉 This is a typical account that can be used by most traders according to their trading preferences.
Account Feature | Value |
💳 Minimum Deposit Requirement | 4,100 NGN equivalent to $10 |
📈 Platforms Available for Account Type | MetaTrader 4, cTrader |
📊 Average Spreads on Major Forex Pairs | 0.13 pips |
🚀 Maximum Leverage Ratio | 1:400 |
🔎 Commission Charges on Trades | None |
📈 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
💰 Account Base Currency Options | EUR or USD |
🔨 Negative Balance Protection Offered | Yes |
📱 Is Hedging Allowed? | Yes |
💸 Minimum Forex Trading Volume | 0.01 lots |
👥 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
📈 Maximum Open and Pending Positions | Unlimited |
💵 Islamic Account Conversion Offered? | Yes |
📉 Access given to Axiory CopyTrade? | No |
Max Account
👉 The Max account was designed to be used by advanced traders.
Account Feature | Value |
💳 Minimum Deposit Requirement | 4,100 NGN equivalent to $10 |
📈 Platforms Available for Account Type | MetaTrader 4, cTrader |
📊 Average Spreads on Major Forex Pairs | 0.2 pips |
🚀 Maximum Leverage Ratio | 1:777 |
🔎 Commission Charges on Trades | None |
📈 Commissions on Stock CFDs | $0.06 per CFD with a minimum of $8 |
💰 Account Base Currency Options | EUR or USD |
🔨 Negative Balance Protection Offered | Yes |
📱Is Hedging Allowed? | Yes |
💸 Minimum Forex Trading Volume | 0.01 lots |
📈 Maximum Open and Pending Positions | Unlimited |
💵 Islamic Account Conversion Offered? | Yes |
📉 Access given to Axiory CopyTrade? | Yes |
Tera Account
👉 This account is suited to more experienced traders who want the best trading conditions to add a competitive edge to their trading.
Account Feature | Value |
💳 Minimum Deposit Requirement | 4,100 NGN ($10) |
📈 Platforms Available for Account Type | MetaTrader 5 |
📊 Average Spreads on Major Forex Pairs | 0.2 pips EUR/USD |
🚀 Maximum Leverage Ratio | 1:400 |
🔎 Commissions on trades | $6 per lot traded |
📈 Commissions on CFDs | $0.04 per CFD |
💰 Account Base Currency Options | EUR, USD |
🔨 Negative Balance Protection | Yes |
📱 Hedging Allowed? | Yes |
💸 Minimum Trading volume | 0.01 lots |
📈 Maximum lot size on Forex | 100,000 |
💵 Islamic Account Option | Yes |
📉 Access to Axiory CopyTrade | No |
Alpha Account
👉 With the Alpha Account, experienced traders and investors may become shareholders for as little as $1 and have access to a worldwide portfolio of stocks and shares.
Account Feature | Value |
💳 Minimum Deposit Requirement | None |
📈 Platforms Available for Account Type | MetaTrader 4 |
📊 Average Spreads on Major Forex Pairs | None |
🚀 Maximum Leverage Ratio | 1:1 |
🔎 Commission Charges on Trades | From $1.5 per lot |
📈 Commissions on Stock CFDs | None |
💰 Account Base Currency Options | EUR or USD |
🔨 Negative Balance Protection Offered | No |
📱 Is Hedging Allowed? | No |
💸 Minimum Forex Trading Volume | 1 Lot |
📈 Maximum Open and Pending Positions | 1 lot = 1 share |
💵 Islamic Account Conversion Offered? | Yes |
📉 Access given to Axiory CopyTrade? | No |
Axiory Demo Account
👉 Using the Axiory demo account, traders may simulate real-world trading situations without putting their own money at risk. To practice trading, test methods, and discover what the broker provides, traders have access to real-time market circumstances.
👉 Axiory’s free technical and fundamental analysis is also available to traders, who may utilize it or experiment with their own methods. Axiory’s demo account features include:
➡️️ Traders can use the demo account for as long as they want
➡️️ A $10,000 virtual cash sum is given to each trader
➡️️ The option to choose EUR or USD as one’s primary currency
➡️️ There is a wide range of live trading accounts to choose from
➡️️ Trading conditions and platforms can be tested properly with the use of flexible leverage, which can be used for demo purpose
➡️️ Traders have unlimited access to the trading tools, expert advisors, and indicators that are offered
➡️️ Full customer support is provided
➡️️ Multiple demo accounts are allowed
➡️️ Traders can keep their demo account even if they register for a live trading account
Axiory Islamic Account
👉 An Islamic Account’s primary function is to serve Muslim merchants who adhere to Sharia law, especially. The rule forbids paying any interest, including overnight fees, since it is considered wasteful or exploitative by the law’s adherents.
👉 To avoid overnight fees or interest if traders keep positions open for an extended period after the trading day has ended, this kind of account provides an exemption.
👉 Although Muslim traders are prohibited from earning or paying interest, Axiory strives to offer the best possible trading circumstances for all traders. To open an Islamic account with Axiory, Muslim traders must complete these steps:
➡️️ Register for a Nano, Standard, Max, or Tera account
➡️️ Verify the account details
➡️️ Contract Axiory customer support for a conversion
👉 Even though Muslim traders are excluded from paying or earning swaps, they still pay fees for holding periods, which might fluctuate according to market circumstances. Here are the details of the charges that apply to holding positions:
➡️️ CADJPY, USDJPY, NZDCAD, AUDNZD, AUDCAD, EURJPY – $3
➡️️ AUDCHF, NZDCHF, CHFJPY, CADCHF, EURCHF, EURAUD, NZDUSD, USDCHF, EURNZD, USDCAD, EURUSD, GBPJPY, EURCAD, AUDJPY – $5
➡️️ AUDUSD, NZDJPY, XAUUSD, EURGBP, GBPUSD, GBPNZD, GBPCHF, GBPAUD, GBPCAD, XAGUSD, CL – $8
Axiory Pros and Cons
✔️ Pros | ❌ Cons |
Axiory is a trusted broker and member of the Financial Commission to offer investor protection | US clients are not accepted by Axiory |
The broker is regulated and has a high trust score | Crypto trading is not supported |
All client funds are kept in segregated accounts | Commission-free trading is not provided |
There is a selection of retail trading accounts offered | Muslim traders pay overnight holding commissions on the Islamic account |
There are educational materials offered along with trading tools | There is a limited selection of financial instruments that can be traded |
There are several asset classes available that can be traded | |
There is an Islamic Account and Demo account offered | |
The demo account has unlimited availability |
Axiory Final Verdict
Axiory offers services and support in multiple languages and offers customized trading conditions for all clients, trading in a range of markets including Forex, Metals, Indices, and Energies, and offers new traders a demo account with no limits for free practice.
Axiory operates from Belize with representative offices in Europe, Cyprus, and Dubai, which brought access to both EEA clients and the Middle East.
Frequently Asked Questions
Which live Axiory trading account is best for beginner Nigerian traders?
The Axiory Standard Account is considered suitable for beginner traders
How many instruments can I trade with Axiory?
You can trade any of the following instruments:
- Forex
- Gold
- Precious Metals
- Oil and Energies
- CFD Indices
- CFD Stocks
- Exchange Stocks
- Exchange ETFs
How much is the spreads that Axiory charge on the Standard account?
Spreads on the Standard account are charged from 0.13 pips EUR/USD
Which platforms are supported by Axiory?
Axiory supports the use of the following:
- MetaTrader 4
- MetaTrader 5
- cTrader
- Axiory CopyTrade
Does Axiory have an Islamic account?
Yes, an Islamic account option is available.