Axiory Forex Broker Review For Africa

Axiory Forex Broker Review Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	FSC, FCA
💰 Minimum Deposit	$10
💳 Deposit Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
💳 Withdrawal Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
📌Open an account	Start Trading with Axiory

Our Opinion About Axiory

Axiory is a reputable and trusted online forex broker that offers excellent trading conditions, including low commissions, tight spreads, and fast trade execution. It also provides a range of trading platforms and valuable trading tools. With Axiory, traders can enjoy low-cost trading on over 300 trading instruments, access valuable trading resources, and benefit from high-quality customer support.

With trades executed in under 200 milliseconds, African traders have access to the best trading software connected to Equinix data centers. Axiory provides various trading tools, educational resources, and NDD trading services. Read on to learn about Axiory Broker’s unique trading objectives and needs.

Regulation in Africa

Axiory operates under the regulatory licenses of Belize IFSC and Mauritius FSC. These regulators uphold strict standards for brokerage operations, asset segregation, and investor protections. While not located in Africa, Axiory accepts clients from most African countries and works to support their regional needs.

Axiory is a globally recognized broker with a strong track record. Founded in 2011, Axiory uses advanced trading technology and infrastructure, including servers housed in Equinix data centers in major financial hubs. This ensures fast and reliable trade execution. Axiory’s STP and ECN models provide traders with direct access to the interbank liquidity pool, offering competitive spreads and fast order execution.

Axiory Forex Broker Review: Legit or Scam?

With 10+ years of operations, Axiory serves over 200,000 active traders globally and is a legitimate and reputable forex broker. This broker is not a scam and has a proven track record of providing its clients with reliable and transparent trading services. The broker’s regulation by the FSC further enhances its credibility and ensures that it operates in compliance with industry standards. New African traders can trade confidently, knowing Axiory is an established brand in good legal standing.

Axiory Trading Instruments

Axiory offers around 300 tradable products, giving African traders access to all the most important trading markets. Axiory provides a wide range of trading instruments, including:

• Currency pairs
• Metals (gold, silver, copper, etc.)
• Energies (oil, natural gas, etc.)
• CFD indices
• CFD stocks
• Equities
• ETFs

This diverse selection of instruments allows traders to diversify their portfolios and trade various markets.

Axiory Account Types

Axiory offers five different account types to cater to the needs of traders with varying experience levels and trading styles:

Type	Spreads Start From	Min. Deposit	Max. Leverage	Commission
Nano	0.2 pips	$10	1:400	$ 6 per lot
Standard	1.2 pips	$10	1:400	None
Max	1.8 pips	$50	1:777	None
Tera	0.2 pips	$10	1:400	$6 per lot
Alpha	0.0 pips	None	1:1	From $1.5 per lot

Axiory Trading Tools

There is a wide range of trading tools to enhance traders’ experience, including:

• Autochartist: An automated technical analysis tool that identifies trading opportunities.
• Strike Indicator: A visual indicator that helps traders identify potential market reversals.
• Custom Indicators: Traders can create and use their custom indicators.
• Economic Calendar: A comprehensive calendar that provides information on upcoming economic events that may impact the markets.

Axiory Leverage, Spread and Commissions

The broker offers flexible leverage options, ranging from 1:1 to 1:1000, depending on the account type and instrument traded. Spreads are competitive, starting from 0.0 pips on the Alpha Account. Commissions vary depending on the account type, with the Standard Account offering no commission and the Alpha Account charging a commission of $6 per lot.

Axiory Deposits and Withdrawals

Axiory offers a variety of deposit and withdrawal methods, including:

Card Payments

Axiory accepts Visa, Mastercard, and Maestro debit/credit cards for both deposits and withdrawals. Card payments offer a fast and convenient way to fund trading accounts. Traders can deposit in just minutes, and withdrawals are processed to cards within one week. Supported cards include those issued in most major currencies like USD, EUR, and GBP. Cards provide a simple deposit and withdrawal option for most traders.

Bank Wire Transfer

Traders can directly wire money to and from their bank accounts when funding Axiory accounts. Wires provide a secure way to transfer larger sums of trading capital. No fees apply on Axiory’s end. Bank wires suit larger investors making sizable account deposits/withdrawals.

Neteller

Neteller is a popular digital wallet and prepaid card solution catering to online merchants and traders. Axiory traders can use their Neteller accounts to fund accounts or receive withdrawal payments instantly. As an eWallet, Neteller deposits and withdrawals are processed almost immediately with minimal fees, making it very efficient. For moving money easily between trading accounts and web wallets, Neteller is a top choice.

Skrill

Skrill provides similar instant eWallet payments and money transfers to Axiory. Digital wallet deposits and withdrawals are free between Skrill and Axiory accounts in both directions. Minor fees apply if cashing funds out from a Skrill account to an external bank, though. Skrill supports many regional payment methods to create accounts and process global payments cheaply across borders. Skrill offers fast, efficient transfers for trading account funding and payouts.

Sticpay

Axiory accepts another eWallet option in Sticpay for both deposits and withdrawals. Sticpay processes payments, providing digital wallets to route money to online merchants. What makes Sticpay unique is its support of many regional currencies, including African currencies. So, traders can transact with Axiory in exotic currencies that are not always available. For the diversity of currencies alone, Sticpay fills an important niche.

Axiory Registration – How to Open a Trading Account

Opening a trading account with Axiory is a straightforward process:

1. Fill out the registration form with your personal and contact information.
2. Choose your preferred account type and trading platform.
3. Verify your identity by submitting the required documents (e.g., passport, proof of address).
4. Fund your account using one of the available deposit methods.

Axiory Bonuses and Promotions

Axiory runs various new account promotions and bonuses from time to time.

Refer a Friend Program

While Axiory has no new account bonuses now, traders can take advantage of them by referring to a friend program. For each successful friend referral that opens and funds an account, existing Axiory clients can receive a bonus between $50-250. The exact bonus amount depends on the initial deposit amount of the referred trader. This gives traders an opportunity to expand their capital by referring others.

Axiory Affiliate Program

Axiory also operates an affiliate program where external partners can earn commissions promoting the brokerage. Partners choose between either a Cost-Per-Acquisition (CPA) plan or a lot rebate model based on preference. The CPA plan pays out a flat $1000 bonus per approved new account opened through the affiliate link. The rebate model pays $10 cashback per standard lot traded by referred clients.

Partners can additionally sign up as a Master Affiliate. This tier includes marketing materials, sub-affiliate tracking, and a 10% cut on any commissions earned by sub-affiliates you register. Essentially, master affiliates can build their partner networks and profit from multi-tier commission structures within Axiory’s program. Between CPA payouts, lot rebates, sub-affiliate cuts, and other incentives, Axiory’s affiliate program offers decent monetization potential for partners directing new traders to Axiory.

Axiory Trading Platforms

Axiory supports three popular trading platforms:

• MetaTrader 4 (MT4): A widely used platform known for its user-friendly interface and extensive customization options.
• MetaTrader 5 (MT5): The successor to MT4, offering advanced features and capabilities.
• cTrader: A modern and intuitive platform designed specifically for forex trading.

These advanced analytical tools and customizable platform interfaces help support personalized trading workflows. Traders are empowered to tailor unique strategies across desktop, web, and mobile without constraints.

Axiory Education and Research

Axiory offers a diverse array of educational tools and market insights to enhance traders’ expertise and abilities. Through the Axiory Trading Academy, traders can access a wide range of online courses and webinars covering various trading subjects. Additionally, they provide daily updates on market news and economic developments, along with technical analysis reports that offer valuable insights into market trends and potential trading prospects. By leveraging these resources, traders can strengthen their knowledge base and make more informed trading decisions.

Axiory Customer Support

Axiory offers 24/5 customer support via live chat, email, and phone. The support team is knowledgeable and responsive, providing assistance with account setup, trading queries, and any other issues that traders may encounter.

Our Verdict

After reviewing and analyzing Axiory, we believe it to be a reputable and reliable forex broker that offers excellent trading conditions to customers. Axiory provides a wide range of trading instruments and valuable trading tools to assist traders. Its regulation by the Financial Services Commission (FSC) indicates that Axiory operates with transparency and ethics. The broker’s competitive spreads, flexible leverage options, and quality customer support make Axiory a suitable choice for both novice and experienced traders across Africa. Overall, our analysis finds that Axiory meets the criteria for a trustworthy and well-regulated forex broker.

 Axiory Broker Review FAQs

Similar Brokers

Axiory is a great choice for all forex traders. However, if you want to consider all your options, there are also many other forex brokers in Africa. Here are some similar brokers.

Looking for more options? Here is our full list of forex brokers.