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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.

Updated : February 17, 2023

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005 regulations book

Fees and Spreads Overview

005 feature selection

Additional Trading Fees

001 cash withdrawal

Broker Fees

004 review

Pros and Cons

008 auction

Final Verdict

001 question


Overall Rating

Min Deposit

10 USD / 4145 NGN



Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader



Total Pairs


Islamic Account


Trading Fees


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 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

axiory deposit and withdrawals

👉 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 brokerspread betting fees will not apply.

Broker Fees

Axiory broker fees

👉 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 chargedCommissions are charged on all trading accounts
Transparent overnight fees for each instrumentThere are additional holding commissions on the Islamic accounts
Islamic account conversion is offered on four retail investor accountsThere is a limited selection of trading instruments
There are competitive spreads chargedNeither 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:

  • Forex
  • Gold
  • 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
  • cTrader
  • 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?



9.6/10 - (15 votes)

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