Axiory-account-types-review

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.

Updated : February 17, 2023

Jump to:

005 regulations book

Account Types Overview

005 feature selection

Account Types

001 cash withdrawal

Account Features

004 review

Pros and Cons

008 auction

Final Verdict

001 question

FAQ

Overall Rating

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

🏛️ HeadquarteredBelize
🏛️ Nigerian Based OfficeNo
👍 Accepts Nigerian Traders?Yes
📅 Year Founded2011
📱 Nigerian Office Contact NumberNone
⚖️ RegulationFSC Belize, FSC Mauritius, FCA
🔎 License Number• Belize – 000122/163
• Mauritius – GB21026376
• United Kingdom – 534484
⚖️ CBN RegulationNone
✴️ Regional RestrictionsUnited 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 AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts6
📊 PAMM AccountsNo
📊 Liquidity ProvidersSeveral Partner Banks
💰 Affiliate ProgramYes
📊 Crypto trading offered?No
🚀 Offers a Nigerian Account?No
💻 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:777
📈 Leverage Restrictions for Nigeria?None
💳 Minimum Deposit (₦)4,100 NGN or equivalent to $10
💳 Nigerian Naira Deposits Allowed?No
💰 Active Nigerian Trader Stats1.3 million
📈 Active Nigerian-based Axiory customersUnknown
💰 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 SpreadN/A
📈 Offers Nigerian Stocks and CFDsNone
👨‍💼 Languages supported on WebsiteThai, Portuguese, Russian, Spanish, Vietnamese, Chinese, English, Arabic
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/4
👥 Nigerian-based customer support?None
💰 Bonuses and Promotions for NigeriansNone
✴️ Education for Nigerian beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Axiory a safe broker for Nigerians?Yes
✔️ Rating for Axiory Nigeria8/10
✔️ Trust score for Axiory Nigeria90%
👉 Open an account👉 Open Account

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 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

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 FeatureValue
💳 Minimum Deposit Requirement4,100 NGN equivalent to $10
📈 Platforms Available for Account TypeMetaTrader 4, cTrader
📊 Average Spreads on Major Forex Pairs0.3 pips
🚀 Maximum Leverage Ratio1:400
🔎 Commission Charges on Trades
$6 per lot
📈 Commissions on Stock CFDs$0.04 per CFD with a minimum of $6
💰 Account Base Currency OptionsEUR or USD
🔨 Negative Balance Protection OfferedYes
📱 Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume
0.01 lots
👥 Maximum Forex Position Size1 Standard Lot or 100,000
📈 Maximum Open and Pending PositionsUnlimited
💵 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 FeatureValue
💳 Minimum Deposit Requirement4,100 NGN equivalent to $10
📈 Platforms Available for Account TypeMetaTrader 4, cTrader
📊 Average Spreads on Major Forex Pairs0.13 pips
🚀 Maximum Leverage Ratio1:400
🔎 Commission Charges on Trades
None
📈 Commissions on Stock CFDs$0.04 per CFD with a minimum of $6
💰 Account Base Currency OptionsEUR or USD
🔨 Negative Balance Protection OfferedYes
📱 Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume
0.01 lots
👥 Maximum Forex Position Size1 Standard Lot or 100,000
📈 Maximum Open and Pending PositionsUnlimited
💵 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 FeatureValue
💳 Minimum Deposit Requirement4,100 NGN equivalent to $10
📈 Platforms Available for Account TypeMetaTrader 4, cTrader
📊 Average Spreads on Major Forex Pairs0.2 pips
🚀 Maximum Leverage Ratio1:777
🔎 Commission Charges on TradesNone
📈 Commissions on Stock CFDs$0.06 per CFD with a minimum of $8
💰 Account Base Currency OptionsEUR or USD
🔨 Negative Balance Protection OfferedYes
📱Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume
0.01 lots
📈 Maximum Open and Pending PositionsUnlimited
💵 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 FeatureValue
💳 Minimum Deposit Requirement4,100 NGN ($10)
📈 Platforms Available for Account TypeMetaTrader 5
📊 Average Spreads on Major Forex Pairs0.2 pips EUR/USD
🚀 Maximum Leverage Ratio1:400
🔎 Commissions on trades$6 per lot traded
📈 Commissions on CFDs$0.04 per CFD
💰 Account Base Currency OptionsEUR, USD
🔨 Negative Balance ProtectionYes
📱 Hedging Allowed?Yes
💸 Minimum Trading volume0.01 lots
📈 Maximum lot size on Forex100,000
💵 Islamic Account Option
Yes
📉 Access to Axiory CopyTradeNo

 

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 FeatureValue
💳 Minimum Deposit RequirementNone
📈 Platforms Available for Account TypeMetaTrader 4
📊 Average Spreads on Major Forex PairsNone
🚀 Maximum Leverage Ratio1:1
🔎 Commission Charges on Trades
From $1.5 per lot
📈 Commissions on Stock CFDsNone
💰 Account Base Currency OptionsEUR or USD
🔨 Negative Balance Protection OfferedNo
📱 Is Hedging Allowed?No
💸 Minimum Forex Trading Volume
1 Lot
📈 Maximum Open and Pending Positions1 lot = 1 share
💵 Islamic Account Conversion Offered?Yes
📉 Access given to Axiory CopyTrade?No

 

Axiory Demo Account

axiory demo account features

👉 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

Axiory islamic account 1

👉 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 protectionUS clients are not accepted by Axiory
The broker is regulated and has a high trust scoreCrypto trading is not supported
All client funds are kept in segregated accountsCommission-free trading is not provided
There is a selection of retail trading accounts offeredMuslim traders pay overnight holding commissions on the Islamic account
There are educational materials offered along with trading toolsThere 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.

 

8.5/10 - (32 votes)