Axiory Fees and Spreads
Axiory spreads start from the average spread EUR/USD 0.00002, fees, and commission dependent on the trading account the trader is using. Axiory chargers deposit fees of $10 USD, which is equivalent to 4156 NGN, at the time of writing.
Fees and Spreads Overview
Additional Trading Fees
Pros and Cons
10 USD / 4145 NGN
IFSC, MFSC and FSC
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Account Activation Time
|🏛️ 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
|💰 Segregated Accounts with Nigerian Banks?||No|
|💻 Trading Platforms||• MetaTrader 4
• MetaTrader 5
• 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 Fees and Spreads – 6 key points quick overview:
Axiory Fees and Spreads Overview
👉 The spread list for Nigerian traders starts from 0.2 pips EUR/USD.
👉 The typical spread list that traders can expect from Axiory will depend on the financial instrument, the account type, and the market conditions on the trading day. According to the account types, Nigerians can expect the following spreads and commissions:
➡️️ Nano Account – from 0.2 pips EUR/USD, commissions from $6 on forex and $0.04 per CFD to a minimum of $6 per lot traded.
➡️️ Standard Account – from 1.2 pips EUR/USD with commissions of $0.04 charged on Stock CFDs.
➡️️ Max Account – from 1.8 pips EUR/USD with commissions of $0.06 on Stock CFDs and a minimum of $8 per lot.
➡️️ Tera Account – from 0.2 pips EUR/USD with commissions from $6 on forex and $0.04 per CFD to a minimum of $6 per lot traded.
➡️️ Alpha Account – zero spreads with commissions of $1.5 charged per lot traded.
Additional Trading Fees
👉 Overnight and swap fees are costs or interest that are charged or deducted when Nigerian traders hold positions longer than one trading day. Axiory maintains a thorough and clear pricing structure, and overnight fees are calculated as follows:
➡️️ The position size
➡️️ The position of the trader – whether long or short
➡️️ The financial instrument that is being traded
👉 Traders can expect some of the following long/short swaps:
➡️️ EUR/USD – a long swap of -4.367 and a short swap of 0.177
➡️️ AUD/JPY – a long swap of -1.21 and a short swap of -2.01
➡️️ GBP/USD – a long swap of -4.177 and a short swap of -4.097
👉 Axiory allows Sharia-compliant Muslim traders to convert their Nano, Standard, Max, or Tera accounts to an Islamic account, which exempts them from paying or earning swaps. When Muslim traders choose this route, they should be aware that holding fees on open trades range from $3 to $8.
👉 Because Axiory is not a spread betting broker, spread betting fees will not apply.
👉 Deposit fees and withdrawal fees are not charged by Axiory and there is no further mention of extra broker fees such as currency conversion, inactivity, or account administration and maintenance fees. However, circumstances are subject to change, and traders are advised to confirm any extra costs not included in this evaluation.
Axiory Pros and Cons
|✔️ Pros||❌ Cons|
|Deposit fees and withdrawal fees are not charged||Commissions are charged on all trading accounts|
|Transparent overnight fees for each instrument||There are additional holding commissions on the Islamic accounts|
|Islamic account conversion is offered on four retail investor accounts||There is a limited selection of trading instruments|
|There are competitive spreads charged||Neither the spreads nor commissions are the lowest|
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
Does Axiory offer Nigerian shares or other instruments?
No, Axiory does not offer Nigerian-specific trading instruments.
Are there additional charges on the Islamic account?
Yes, Axiory charges holding commissions that range from $3 up to $8 on forex pairs.
How many instruments can I trade with Axiory?
You can trade any of the following instruments:
- Precious Metals
- Oil and Energies
- CFD Indices
- CFD Stocks
- Exchange Stocks
- Exchange ETFs
Which platforms are supported by Axiory?
Axiory supports the use of the following:
- MetaTrader 4
- MetaTrader 5
- Axiory CopyTrade
Does Axiory offer leverage?
Yes, Axiory offers leverage up to 1:777.
Are there leverage restrictions on Nigerian traders?
No, there are no restrictions on Nigerian traders.
What spreads can I expect with Axiory?
You can expect spreads from as little as 0.2 pips EUR/USD.
Does Axiory charge commission?
Yes, Axiory applies commissions on several instruments, starting from $0.04 per CFD on Stock CFDs.
Is Axiory regulated by the Central Bank of Nigeria?
No, Axiory is not regulated by the Central Bank of Nigeria.
Is Axiory regulated and by whom?
Yes, Axiory is regulated by the IFSC in Belize.
Is Axiory a recommended forex trading broker for experts and beginners?
Yes, Axiory is a forex trading broker that is recommended for experts and beginners alike.
What is the overall rating out of 10 for Axiory?