
Axiory Review
Overall, Axiory is very competitive in terms of its trading fees and spreads. Axiory offers 6 retail accounts on four different trading platforms. Axiory has no hidden trading fees and is considered a trustworthy and reliable broker with a score of 90% out of 100. Axiory is currently not regulated by the MFED, BoB, or NBFIRA of Botswana
- Louis Schoeman
Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Axiory Review – 23 key points quick overview:
- ✅ Exness Overview
- ✅ Exness At a Glance
- ✅ Exness Regulation and Safety of Funds
- Exness Awards and Recognition
- Exness Account Types and Features
- How to open an Account with Exness in Botswana
- Exness Vs FBS Vs AvaTrade – Broker Comparison
- Exness Trading Platforms
- Exness Range of Markets
- Broker Comparison for Range of Markets
- Exness Trading and Non-Trading Fees
- Exness Deposits and Withdrawals
- How to Deposit Funds with Exness
- Exness Fund Withdrawal Process
- Exness Education and Research
- Exness Bonuses and Promotions
- How to open an Affiliate Account with Exness
- Exness Affiliate Program Features
- Exness Customer Support
- Exness Corporate Social Responsibility
- Our Verdict on Exness
- Exness Pros and Cons
- FAQ
Axiory Overview
👉 Overall, Axiory is a registered broker in Botswana that offers MetaTrader and cTrader platforms and excellent trading technologies to both novice and experienced traders.
👉 Axiory is considered low-risk, with an overall Trust Score of 90 out of 100. Axiory is licensed by one Tier-1 Regulator (high trust), zero Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). Axiory offers five different retail trading accounts namely a Nano Account, Standard Account, Max Account, Tera Account, and Alpha Account.
👉 Axiory Accepts Botswanan Clients and has an average spread from 0.13 pips with commission fees from 0.04 USD. Axiory has a maximum leverage ratio up to 1:777 and there is a demo and Islamic account available. MT4, MT5, cTrader, and Axiory CopyTrade platforms are supported. Axiory is headquartered in Belize and is regulated by IFSC Belize, FSC Mauritius, and FCA.
👉 Axiory offers five different retail trading accounts namely a Nano Account, Standard Account, Max Account, Tera Account, and Alpha Account.
👉 Axiory is an online broker founded by a group of visionary traders who want to provide a unique approach to FX and CFD trading. They were founded in 2012 by a group of seasoned fund managers and have since grown to become one of the world’s largest brokers.
👉 The brand is powered by ‘Purple Technology,’ a worldwide fintech company that delivers innovative trading solutions to brokers, including server administration and optimization, web application development, and payment solutions.
👉 This Axiory review for Botswana will provide local retail traders with the details that they need to consider whether Axiory is suited to their unique trading objectives and needs.
Axiory Distribution of Traders
👉 Axiory currently has the largest market share in these countries:
➡️ Japan – 44.3%
➡️ Bolivia – 9.4%
➡️ South Africa – 4.9%
➡️ Nigeria – 4.1%
➡️ United States – 3.1%
Popularity among traders who choose Axiory
🥇 Even though Axiory does not have a significant market share in Botswana, the broker is included in the Top 50 FX and CFD brokers that accept Botswanan traders.
Axiory At a Glance
🏛 Headquartered | Belize |
🌎 Global Offices | Belize, United Arab Emirates |
🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
✔️ Local office in Gaborone? | No |
👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
✔️ Accepts Botswana Traders? | Yes |
📊 Year Founded | 2011 |
📞 Botswana Office Contact Number | None |
📱 Social Media Platforms | • Facebook • YouTube |
⚖️ Regulation | IFSC Belize, FSC Mauritius, FCA |
1️⃣ Tier-1 Licenses | • Financial Conduct Authority (FCA) |
2️⃣ Tier-2 Licenses | None |
3️⃣ Tier-3 Licenses | • International Financial Services Commission (IFSC) • Financial Services Commission (FSC) in Mauritius |
🪪 License Number | • Belize – 000122/163 • Mauritius (Tradit) – GB21026376 • United Kingdom (London & Eastern LLP) – 534484 |
⚖️ MFED, BoB, or NBFIRA Regulation | No |
✔️ Regional Restrictions | Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, 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 |
📱 Order Execution | Market |
📊 Starting spread | From 0.13 pips |
📉 Minimum Commission per Trade | $0.04 |
💰 Decimal Pricing | 5 points after the comma |
📞 Margin Call | 50% |
🛑 Stop-Out | 20% |
📉 Minimum Trade Size | 0.01 lots |
📈 Maximum Trade Size | 1 standard lot |
✅ Crypto trading offered? | No |
✔️ Offers a BWP Account? | No |
📉 Dedicated Botswana Account Manager? | No |
📈 Maximum Leverage | 1:777 |
📊 Leverage Restrictions for Botswana? | No |
💳 Minimum Deposit (BWP) | 120 BWP or an equivalent to $10 |
✔️ Botswana Pula Deposits Allowed? | No |
📊 Active Botswana Trader Stats | 250,000+ |
👥 Active Botswana-based Axiory customers | Unknown |
🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
💰 Deposit and Withdrawal Options | • Credit Cards • Debit Cards • Bank Transfer • Sticpay • Neteller • Skrill • Vload • ThunderXPay |
💻 Minimum Withdrawal Time | Instant |
⏰ Maximum Estimated Withdrawal Time | Up to 10 working days |
💳 Instant Deposits and Instant Withdrawals? | Yes |
🏛 Segregated Accounts with Botswana 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/BWP currency pair? | No |
📊 USD/BWP Average Spread | None |
✅ Offers Botswana Stocks and CFDs | No |
💻 Languages supported on the Website | Thai, Portuguese, Russian, Spanish, Vietnamese, Chinese, English, Arabic |
☎️ Customer Support Languages | Multilingual |
👥 Copy Trading Support | Yes, Axiory CopyTrade |
⏰ Customer Service Hours | 24/5 |
📞 Botswana-based customer support? | None |
💸 Bonuses and Promotions for Botswanans? | None |
📚 Education for Botswanan beginner traders | Yes |
📱 Proprietary trading software | Yes |
🤝 Most Successful Trader in Botswana | Unknown |
✔️ Is Axiory a safe broker for Botswana Traders? | Yes |
🎖 Rating for Axiory Botswana | 8/10 |
🥇 Trust score for Axiory Botswana | 90% |
👉 Open Account | 👉 Open Account |
Axiory Regulation and Safety of Funds
Axiory’s Regulation in Botswana
👉 Axiory does not hold any regulatory status or licenses in Botswana with the Bank of Botswana, the Ministry of Finance and Economic Development (MFED), or the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
Axiory’s Global Regulations
👉 The International Financial Services Commission (IFSC), a Belizean statutory authority, oversees the monitoring and enforcing of international financial service provider legislation.
👉 The Financial Services Commission (FSC) of Mauritius is keeping a tight check on Axiory Global Ltd to safeguard traders, while the Mauritius Financial Services Commission regulates and promotes the country’s financial institutions and stock exchange.
👉 The Financial Conduct Authority (FCA) has prioritized the protection of customers, and as a result, the Axiory CopyTrade platform operated by London & Eastern LLP has been authorized and is now under active regulation by the FCA.
Axiory Client Fund Security and Safety Features
👉 Axiory’s Tradit Ltd brand is monitored and overseen by the FSC to ensure that Axiory provides a safe, fair, and transparent trading environment to all traders.
👉 All client funds are held in segregated accounts at well-regarded financial institutions. Those segregated funds are audited by PricewaterhouseCoopers (PwC), a well-known worldwide network of financial services providers that includes auditing.
Axiory Awards and Recognition
👉 According to Axiory’s official website, the broker has recently received the following awards:
➡️ Fxdaily Awards named Best Affiliate Program 2023.
➡️ Global Brands Magazine Awards, 2021, Best New Forex Brand, Southeast Asia
➡️ Best New Forex Brand, Africa, awarded by Global Brands Magazine Awards in 2021.
➡️ In 2021, Axiory received the Best Forex Educators title from Global Forex Awards.
➡️ In 2021, Axiory was named the “Most Transparent Broker in Asia” by Ultimate Fintech Awards.
➡️ In 2021, Axiory was named “Best Education Provider” by Fxdaily Awards.
➡️ At the 2021 Fxdaily Awards, Axiory was named “Best Forex Broker CFDs.”
Axiory Account Types and Features
👉 When Botswanan traders register a trading account with Axiory they can choose between five retail investor accounts namely:
➡️ Nano Account
➡️ Standard Account
➡️ Max Account
➡️ Tera Account
➡️ Alpha Account
💻 Live Account | 📉 Minimum Dep. | 📊 Average Spread | 💰 Commissions | 💸 Average Trading Cost |
➡️ Nano | 120 BWP/$10 | 0.3 pips | $0.04 CFDs | 8 USD |
➡️ Standard | 120 BWP/$10 | 0.13 pips | $0.04 CFDs | 12 USD |
➡️ Max | 120 BWP/$10 | 0.2 pips | $0.06 CFDs | 18 USD |
➡️ Tera | 120 BWP/$10 | 0.3 pips | $0.04 CFDs | 8 USD |
➡️ Alpha | 0 BWP/$0 | None | $1.5 per lot | N/A |
Axiory Live Trading Accounts
Nano Account
👉 The Nano Account offered by Axiory is not only ideal for beginner Botswanan traders but anyone who wants access to smaller position sizes. While trading in micro-lots, there are no restrictions on the number of active or pending orders a customer may have. This account may assist new traders or those wishing to experiment with different techniques.
Account Feature | Value |
💰 Minimum Deposit Requirement | 120 BWP or an equivalent to $10 |
💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
📊 Average Spread on Forex Major 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 standard and common account type that is tailored to the needs of many traders according to the most common trading activity and methods. The features available via this account are shown below.
Account Feature | Value |
💰 Minimum Deposit Requirement | 120 BWP or an equivalent to $10 |
💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
📊 Average Spread on Forex Major 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
👉In terms of account levels, the Max Account represents the next step up in sophistication, providing more experienced traders with some of the finest perks and unique features that can be used to supplement a broad variety of trading methods.
Account Feature | Value |
💰 Minimum Deposit Requirement | 120 BWP or an equivalent to $10 |
💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
📊 Average Spread on Forex Major 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 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? | Yes |
Tera Account
👉 The Axiory Tera Account features some of the best trading conditions that include tight pricing, minimal fees, and access to strong trading platforms such as MetaTrader 5 that provide users with a wide choice of technical tools, and fundamental information, and new technology. This account is well-suited to advanced Botswanan traders.
Account Feature | Value |
💰 Minimum Deposit Requirement | 120 BWP or an equivalent to $10 |
💻 Platforms Available for Account Type | MetaTrader 5 |
📊 Average Spread on Forex Major 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 |
Alpha Account
👉 Botswanan traders can easily access a large choice of stocks and shares from all around the globe with this share dealing account, which is available to anybody.
Account Feature | Value |
💰 Minimum Deposit Requirement | None |
💻 Platforms Available for Account Type | MetaTrader 5 |
📊 Average Spread on Forex Major 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 Forex Position Size | 1 lot = 1 share |
📉 Maximum Open and Pending Positions | Unlimited |
☪️ Islamic Account Conversion Offered? | Yes |
✔️ Access given to Axiory CopyTrade? | No |
Axiory Base Account Currencies
👉 When Botswanans decide to register a live trading account with Axiory, they only have the option to select USD or EUR as the base account currency.
Axiory Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and Axiory offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
👉 When Botswanan traders register a demo account through Axiory, they are provided 10,000 USD in virtual funding to use towards trading activities in a risk-free environment. One of the major benefits of Axiory is that Botswanan traders have unlimited access to the demo account.
Axiory Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 Muslim traders in Botswana can take full advantage of Axiory’s Nano, Standard, Max, and Tera Accounts, which can all be converted to Islamic Accounts. Because of this, traders who use Islamic accounts should be aware of the following spreads, even if their first deposit is just 120 BWP ($10).
➡️ Nano Account – from 0.2 pips
➡️ Standard Account – from 1.2 pips
➡️ Max Account – from 1.8 pips
➡️ Tera Account – from 0.2 pips
👉 Even though Axiory caters to Muslim traders, and they are excluded from overnight fees and swaps, they should be informed that they will be charged a commission to make up for the difference.
👉 The period of the holding, the account, and the market conditions all have a role in the expenses. The following are examples of the holding charges:
🔨 Financial Instrument | 💰 Holding Fee |
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 | $8 |
How to open an account with Axiory in Botswana
👉 To register an account with Axiory, Botswana Traders can follow these steps:
➡️ Botswanans can register for a live account by going to the official Axiory website and selecting the option to register for an account.
➡️ It will link traders to an online application form, which they will need to complete.
➡️ If a Botswanan resident has completed the application and has uploaded a legitimate copy of their identity papers and proof of residency, the account will be verified and closed.
➡️ Before approving the transaction, Axiory staff will cross-check the supplied information with the documentation that has been received.
Axiory Vs LiteFinance Vs eToro – Broker Comparison
🥇 Axiory | 🥈 LiteFinance | 🥉 eToro | |
⚖️ Regulation | FSC Belize, FSC Mauritius, FCA | CySEC | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • Axiory CopyTrade | • MetaTrader 4 • MetaTrader 5 • LiteFinance Social Trading Platform • LiteFinance Trading App | eToro proprietary platform |
💰 Withdrawal Fee | Yes | Yes | Yes |
📊 Demo Account | Yes | Yes | Yes |
📈 Minimum Deposit | 120 BWP | 500 BWP | 2,400 BWP |
📊 Leverage | 1:777 Maximum | 1:500 | • 1:30 (Retail) • 1:400 (Professional) |
📊 Spread | From 0.13 | 0.0 pips | From 1 pip |
💰 Commissions | From $0.04 | $0.25 per share on Stock Indices | None |
✴️ Margin Call/Stop-Out | 50%/20% | 100%/20% | None indicated |
💻 Order Execution | Market | Market | Market/Instant |
💳 No-Deposit Bonus | No | No | No |
📊 Cent Accounts | No | No | No |
📈 Account Types | • Nano Account • Standard Account • Max Account • Tera Account • Alpha Account | • ECN Account • Classic Account | • Retail Account • Professional Account |
⚖️ CBN Regulation | No | No | No |
💳 BWP Deposits | No | Yes | No |
📊 Botswana Pula Account | No | No | No |
👥 Customer Service Hours | 24/5 | 24/5 | 24/6 |
📊 Retail Investor Accounts | 5 | 2 | 1 |
☪️ Islamic Account | Yes | Yes | Yes |
📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
📈 Maximum Trade Size | 1 standard lot | 100 lots | Depends on the instrument and account balance |
💰 Minimum Withdrawal Time | Instant | Instant | Instant |
📊 Maximum Estimated Withdrawal Time | Up to 10 days | Up to 5 working days | Up to 10 Working Days |
💸 Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
Axiory Trading Platforms
👉 Axiory offers Botswana Traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ Axiory CopyTrade
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
MetaTrader 4 and 5
👉 Many trading platforms, such as MetaTrader 4 and MetaTrader 5, are popular because of the many add-ons and functions that can be accessed via these platforms. Desktop computers running Windows, Linux, or macOS can be used to run Metatrader 4 and 5.
cTrader
👉 Clients of Axiory Botswana who use cTrader will have access to direct markets using STP and ECN technology, as well as more than 60 indicators and other features. The desktop edition of cTrader is only compatible with computers running the Windows operating system.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
MetaTrader 4
👉 MetaTrader 4 is available online to everyone who has a device that is linked to the Internet. Botswana traders now have access to more than 30 distinct technical indicators, 24 different analytical tools, and a range of order types, all of which are available on the platform for free.
MetaTrader 5
👉 This version of MetaTrader 4 has the same benefits as MetaTrader 4, but it also includes 24 graphical components, 80 technical tools, additional time frames, and one-click trading to the list of extras offered.
cTrader
👉 Botswanan traders can easily access their trading accounts from any computer equipped with a web browser, no matter where they are in the world. For traders using this platform, Axiory provides them with 94 different charting tools, 26 different timeframes, detachable charts, and a host of other features.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ Axiory CopyTrade
MetaTrader 4 and 5
👉 MetaTrader 4 and 5 are now available for download for iOS and Android devices and may be used on any tablet or smartphone that supports these operating systems.
👉 Botswana traders may use these mobile apps to manage their accounts, conduct new transactions, use a few tools, and set up trading alerts, among other functions.
cTrader
👉 The cTrader mobile app is available for free download on iOS and Android devices, including smartphones and tablets. The cTrader app enables traders to trade on the move while using a variety of tools and monitoring their existing positions and trading activity at any given time.
Axiory CopyTrade
👉 It takes time and effort to build and refine successful trading methods. The skilled traders at Axiory CopyTrade appreciate the opportunity to share their expertise and experience with Botswana investors. All traders need to do is emulate these great traders’ strategies.
👉 Additionally, Botswanans could build their own trading tactics in imitation of the experienced traders they choose to emulate.
Axiory Range of Markets
👉 Botswana Traders can expect the following range of markets from Axiory:
➡️ Forex
➡️ Gold and Precious Metals
➡️ Oil and Energies
➡️ CFD Indices
➡️ CFD Stocks
➡️ Exchange Stocks
➡️ Exchange ETFs
Instruments and Leverage offered by Axiory
🔨 Instrument | 💰 Number of Assets Offered | 📈 Max Leverage Offered |
➡️ Forex | 62 | 1:777 |
➡️ Precious Metals | 4 | 1:100 |
➡️ ETFs | 68 | 1:1 |
➡️ Indices | 10 | 1:100 |
➡️ Stocks | 78 | 1:1 |
➡️ Cryptocurrency | 0 | – |
➡️ Options | 0 | – |
➡️ Energies | 5 | 1:20 |
➡️ Bonds | 0 | – |
Broker Comparison for Range of Markets
🥇 Axiory | 🥈 LiteFinance | 🥉 eToro | |
➡️️ Forex | Yes | Yes | Yes |
➡️️ Precious Metals | Yes | Yes | Yes |
➡️️ ETFs | Yes | No | Yes |
➡️️ CFDs | Yes | Yes | Yes |
➡️️ Indices | Yes | Yes | Yes |
➡️️ Stocks | Yes | Yes | Yes |
➡️️ Cryptocurrency | Yes | No | Yes |
➡️️ Options | No | No | No |
➡️️ Energies | Yes | Yes | Yes |
➡️️ Bonds | No | No | No |
Axiory Trading and Non-Trading Fees
Spreads
👉 Axiory charges variable spreads on all accounts and these spreads depend on the financial instrument that is being traded, the account type being used, and the overall market conditions on the trading day. The typical spreads that Botswanan traders can expect from Axiory are as follows:
➡️ Nano Account – from 0.3 pips EUR/USD
➡️ Standard Account – from 0.13 pips EUR/USD
➡️ Max Account – from 0.2 pips EUR/USD
➡️ Tera Account – from 0.3 pips EUR/USD
👉 If Muslim traders convert their live trading account into an Islamic account, they can expect these spreads:
➡️ Nano Account – from 0.2 pips EUR/USD
➡️ Standard Account – from 1.2 pips EUR/USD
➡️ Max Account – from 1.8 pips EUR/USD
➡️ Tera Account – from 0.2 pips EUR/USD
Commissions
👉 The commissions that Botswanans can anticipate from Axiory will vary depending on the account that is being used and the financial instrument that is being purchased or sold. These are the average commission fees that Botswanan traders could expect:
➡️ Nano Account – $6 per lot on trades and $0.04 per CFD with a minimum of $6.
➡️ Standard Account – $0.04 per CFD with a minimum of $6.
➡️ Max Account – $0.06 per CFD with a minimum of $8.
➡️ Tera Account – $6 per lot on trades and $0.04 per CFD with a minimum of $6.
➡️ Alpha Account – from $1.5 per lot
Overnight Fees, Rollovers, or Swaps
👉 Trading platforms like Axiory give Botswanan traders a thorough understanding of the overnight charges they may expect to incur when they keep positions open overnight. The overnight expenses could vary depending on the trading instrument and asset class, and can be as follows:
➡️ EUR/USD – A short swap of 0.17 pips and a long swap of -4.73 pips
➡️ NASDAQ – A short swap of 0.675 pips and a long swap of -0.7644 pips
➡️ XAU/USD – A short swap of -1.82 pips and a long swap of -4.28 pips
➡️ XAG/USD – A short swap of -0.31 pips and a long swap of -0.786 pips
➡️ Brent Oil – A short swap of -87.0471 pips and a long swap of 78.8458 pips
➡️ CFD Stocks – A short swap of -2.5 pips and a long swap of -2.5 pips
Deposit and Withdrawal Fees
👉 Botswanan traders are not charged any deposit or withdrawal fees when they deal with Axiory in funding their trading account or withdrawing funds.
Inactivity Fees
👉 On inactive accounts, Axiory does not levy an inactivity fee. However, if a live trading account is inactive for three months in a row, the account will be cancelled immediately in accordance with Axiory’s Terms and Conditions on Investment Services.
Currency Conversion Fees
👉 Botswanan traders who deposit in a currency other than USD or EUR may be charged currency conversion costs.
Axiory Deposits and Withdrawals
👉 Axiory offers the following deposit and withdrawal methods:
➡️ Credit Cards
➡️ Debit Cards
➡️ Bank Transfer
➡️ Sticpay
➡️ Neteller
➡️ Skrill
➡️ Vload
➡️ ThunderXPay
Broker Comparison: Deposit and Withdrawals
🥇 Axiory | 🥈 LiteFinance | 🥉 eToro | |
Minimum Withdrawal Time | Instant | Instant | Instant |
Maximum Estimated Withdrawal Time | Up to 10 days | Up to 5 working days | Up to 10 working days |
Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
Axiory Deposit Currencies and Processing time on Deposits and Withdrawals
💳 Payment Method | ✔️ Accepted Currencies | 💳 Withdrawal Processing | 💸 Withdrawal Processing |
Credit Card | USD, EUR | Instant | 3 to 10 working days |
Debit Card | USD, EUR | Instant | 3 to 10 working days |
Bank Wire Transfer | USD, EUR | 3 to 10 working days | 3 to 10 working days |
Sticpay | USD, EUR | Instant | Instant |
Neteller | USD, EUR | Instant | Instant |
Skrill | USD, EUR | Instant | Instant |
Vload | USD, EUR | Instant | Instant |
ThunderXPay | USD | 15 minutes | Up to 1 working day |
How to Deposit Funds with Axiory
👉 To deposit funds to an account with Axiory, Botswana Traders can follow these steps:
➡️ Verify that they are at least at the “Light” level of verification.
➡️ Log in to MyAxiory and click “Deposit.”
➡️ Select a method of payment and follow any on-screen instructions.
Axiory Fund Withdrawal Process
👉 To withdraw funds from an account with Axiory, Botswana Traders can follow these steps:
➡️ Log into MyAxiory and choose “Withdrawal” from the list of available account operations.
➡️ Use the same payment method as for deposits.
➡️ Submit the withdrawal request and wait for it to be processed.
Axiory Education and Research
Education
👉 Axiory offers the following Educational Materials:
➡️ Axiory Trading Academy
➡️ Webinars
➡️ “How To” guidelines
Research and Trading Tool Comparison
🥇 Axiory | 🥈 Forex.com | 🥉 AMarkets | |
➡️ Economic Calendar | Yes | Yes | Yes |
➡️ VPS | Yes | Yes | Yes |
➡️ AutoChartist | No | Yes | Yes |
➡️ Trading View | No | Yes | No |
➡️ Trading Central | Yes | Yes | No |
➡️ Market Analysis | Yes | Yes | Yes |
➡️ News Feed | Yes | Yes | Yes |
➡️ Blog | Yes | Yes | Yes |
👉 Axiory offers Botswana Traders the following Research and Trading Tools:
➡️ Daily Market News
➡️ Daily Technical Analysis
➡️ Axiory Intelligence
Axiory Bonuses and Promotions
👉 Axiory does not currently offer any active bonuses or promotions to Botswanan traders.
How to open an Affiliate Account with Axiory
👉 To register an Affiliate Account, Botswana Traders can follow these steps:
➡️ Visit the official Axiory website and scroll down to the “Partnerships” section on the homepage.
➡️ From the page that appears, click on “Partners” and then on “Partner with Axiory.”
➡️ Select from the following roles: Introducing Broker, Affiliate, or Company Representative.
➡️ Once you have completed the application by giving the relevant information, click “Open My Partnership Account” to begin working with Axiory.
Axiory Affiliate Program Features
👉 Axiory offers the highest Lot Rebate and CPA commissions in the business. Through this arrangement, partners may establish their own payment schedules while still receiving monthly payments from the other. Account managers and marketing personnel at the broker are available to assist affiliates in whatever way they need.
👉 Partners may make $1,000 immediately by using CPA programs and rebate alternatives. Additionally, partners may benefit from several additional benefits. Axiory affiliates in Botswana have the following options:
➡️ $10 Lot Rebate Plan with $10 rebates and recurring commission
➡️ $1,000 CPA Plan
➡️ The master Affiliate program includes sub-affiliates and introducing brokers who may earn up to 10% of all produced revenue.
Axiory Customer Support
👉 Axiory provides timely, professional customer care throughout market hours and days from Monday to Friday. There are several contact avenues available, and customer service is polite and knowledgeable.
Customer Support | Axiory’s Customer Support |
⏰ Operating Hours | Market hours, 5 days a week |
🗣 Support Languages | English, Arabic, Russian, Thai, Vietnamese, Chinese, Spanish |
🗯 Live Chat | Yes |
📧 Email Address | Yes |
☎️ Telephonic Support | Yes |
📞 Local Support in Botswana? | No |
🥇 Overall quality of Axiory Support | 4/5 |
Axiory Corporate Social Responsibility
👉 There is currently no information on the Corporate Social Responsibility of Axiory.
Our Verdict on Axiory
👉 Overall, Axiory’s modest minimum deposit requirements and range of educational materials and trading tools are attractive to new traders.
👉 The training and market research resources provided by Axiory are well-organized. Axiory provides a diverse selection of tradable assets which includes more than 60 currency pairings.
👉 All trading accounts need a minimum deposit of 120 BWP or an equivalent to ten dollars ($10), and both trading and non-trading costs are far lower than industry standards.
Axiory Pros and Cons
✔️ Pros | ❌ Cons |
There is a choice between powerful trading platforms including a proprietary Copytrading app | There is no BWP-denominated trading account for Botswanan traders |
There are fast and free withdrawals offered | BWP is not an accepted deposit currency and there are no local funding or withdrawal options |
The spreads offered are competitive across all account types | Crypto trading is not offered |
The trading platforms are extremely user-friendly | The spreads charged are not the lowest |
There is an ultra-low minimum deposit requirement | There is a limited range of instruments available |
The demo account is unlimited | |
There is educational material offered to beginner Botswanan traders | |
There are reliable deposit and withdrawal options offered |
FAQ
Is Axiory regulated?
Yes, Axiory is well-regulated by a Tier-1 market regulatory entity namely the Financial Conduct Authority. Axiory is also regulated by two Tier-3 regulatory entities namely the IFSC in Belize and the FSC in Mauritius.
Is Axiory a good broker?
Yes, Axiory may be summarized as a reputable and lucrative broker with very low trading costs.
Does Axiory have Nasdaq?
Yes, Axiory offers Botswanan traders access to Nasdaq with spreads from an average of 2.2 pips.
How do I deposit with Axiory?
You can deposit funds with Axiory through several payment options once you are registered with MyAxiory and your trading account has been approved.
How long do withdrawals take with Axiory?
Withdrawals can be instant when you use electronic payment gateways and up to 10 days when you use banking cards or bank wire transfers.
How is Axiory rated?
Overall, Axiory is a recommended broker for Botswanan traders with a rating of 8/10. This rating for Axiory is based on the range of live trading accounts that are offered alongside the trading conditions that Botswanans can expect.
Axiory offers a choice between trading platforms and has a proprietary Copytrading app that is perfect for social traders in Botswana.
Does Axiory have Volatility 75?
No, Axiory does not offer VIX currently.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with Axiory?
➡️ What was the determining factor in your decision to engage with Axiory?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with Axiory such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.