Axiory Review
Overall, Axiory is very competitive in terms of its trading fees and spreads. The broker 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
- Lesche Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.8/5
Min Deposit
10 USD / 133 BWP
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
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.
The broker is considered low-risk, with an overall Trust Score of 90 out of 100. The broker is licensed by one Tier-1 Regulator (high trust), zero Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). They offers five different retail trading accounts namely a Nano Account, Standard Account, Max Account, Tera Account, and Alpha Account.
The broker accepts Botswanan Clients and has an average spread of 0.13 pips with commission fees of 0.04 USD. They have 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.
The broker 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 review for Botswana will provide local retail traders with the details that they need to consider whether they are suited to their unique trading objectives and needs.
Distribution of Traders
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
🥇 Even though the broker 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 |
Regulation and Safety of Funds
Regulation in Botswana
The broker has no 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).
Global Regulations
The International Financial Services Commission (IFSC), a Belizean statutory authority, oversees the monitoring and enforcement of international financial service provider legislation.
The Financial Services Commission (FSC) of Mauritius is keeping a tight check on Global Ltd to safeguard traders. At the same time, 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 CopyTrade platform operated by London & Eastern LLP has been authorized and is now under active regulation by the FCA.
Client Fund Security and Safety Features
The broker Tradit Ltd brand is monitored and overseen by the FSC to ensure that Axiory provides all traders with a safe, fair, and transparent trading environment.
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.
Is Axiory a regulated broker?
The broker operates as a regulated broker, ensuring transparency and safety for its clients. The company is licensed and regulated by reputable financial authorities, including the Financial Services Authority (FSA) of Seychelles and the Financial Conduct Authority (FCA) in the United Kingdom.
How does Axiory ensure the safety of clients’ funds?
The broker prioritizes the safety of clients’ funds through various measures aimed at mitigating risks and safeguarding assets. One key practice is the segregation of client funds, where clients’ funds are kept separate from the company’s operational funds.
Awards and Recognition
According to the broker’s official website, the broker has recently received the following awards:
➡️ Fxdaily Awards named Best Affiliate Program 2025.
➡️ 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, they received the Best Forex Educators title from the Global Forex Awards.
➡️ In 2021, the broker was named the “Most Transparent Broker in Asia” by the Ultimate Fintech Awards.
➡️ In 2021, the broker was named “Best Education Provider” by the Fxdaily Awards.
➡️ At the 2021 Fxdaily Awards, they were named “Best Forex Broker CFDs.”
Has Axiory received any awards or recognition for its services?
Axiory has been recognized with numerous awards and accolades for its excellence in the financial services industry. The company has received recognition in categories such as brokerage services, trading platforms, customer service, and innovation.
How can clients verify Axiory’s awards and recognition?
Clients interested in verifying awards and recognition can typically find a list of accolades on the company’s official website. Axiory may also publish press releases or announcements regarding recent awards received.
Account Types and Features
When Botswanan traders register a trading account 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 |
Live Trading Accounts
Nano Account
The Nano Account offered is not only 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
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, 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 |
Base Account Currencies
When Botswanans decide to register a live trading account, they only have the option to select USD or EUR as the base account currency.
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 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, they are provided 10,000 USD in virtual funding to use towards trading activities in a risk-free environment. One of the major benefits is that Botswanan traders have unlimited access to the demo account.
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 the 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 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 the broker 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 |
What types of trading accounts does Axiory offer?
The broker offers a range of trading account types to cater to the diverse needs of traders. These may include Standard accounts, ECN accounts, and Islamic accounts.
What features are available with Axiory’s trading accounts?
The broker’s trading accounts come with a variety of features designed to enhance the trading experience. These features may include access to popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), educational resources such as webinars and tutorials, and customer support services.
How to set up an Axiory Demo Account – Step by Step
To register for, and set up a demo account, free of charge, traders must visit the website and follow these simple steps:
Step 1: Navigate to the Home Page
To set up a demo account, Traders can navigate to the home page to register for a trading account by signing up.
Step 2: Register an Individual/Corporate account.
Traders will then be redirected to the registration page where they will be required to choose between an individual/ corporate account by filling in their required generic information.
Step 3: Select the Demo account.
Once redirected select the demo account to continue the registration.
Step 4: Create your demo account
Traders will follow the prompted steps by selecting ‘create a new account’ to register a demo account.
Step 5: Select your Trading Platform
Traders will be redirected to select the trading platform of their choice between the cTrader, metaTrader4, and metatrader5 to create their demo account and start trading.
Step 6: Start Trading
Your account has been created and is ready for trading.
Ensure that you have your email address and ID ready
Always select the country of residence and your currency, if applicable
Choose that you want to try a demo account
Provide your basic personal information requested
Proceed through the KYC process if needed and get approved
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
Offers Botswana Traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ 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.
CopyTrade
It takes time and effort to build and refine successful trading methods. The skilled traders at 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 trading tactics in imitation of the experienced traders they chose to emulate.
What trading platforms does Axiory offer?
The broker provides its clients with access to a variety of trading platforms to suit different preferences and trading styles. These platforms may include the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface, advanced charting tools, and customizable trading indicators.
What features are available on Axiory’s trading platforms?
Clients can access a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies, directly from their chosen trading platform. They prioritizes providing stable and reliable trading platforms to ensure that clients can execute trades efficiently and effectively across various market conditions.
Range of Markets
Botswana Traders can expect the following range of markets:
➡️ Forex
➡️ Gold and Precious Metals
➡️ Oil and Energies
➡️ CFD Indices
➡️ CFD Stocks
➡️ Exchange Stocks
➡️ Exchange ETFs
Instruments and Leverage offered
| 🔨 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 | – |
What financial markets does Axiory offer for trading?
The broker offers a diverse range of markets for traders to participate in, catering to various investment preferences and strategies. These markets may include foreign exchange (forex), where clients can trade major, minor, and exotic currency pairs. Additionally, Axiory provides access to contracts for difference (CFDs) on commodities such as gold, silver, oil, and agricultural products.
How accessible are Axiory’s markets for traders?
The broker strives to make its markets accessible to traders of all levels of experience and expertise. The company offers user-friendly trading platforms that provide seamless access to a wide range of financial instruments.
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 |
Trading and Non-Trading Fees
Spreads
The broker 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 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 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 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 in funding their trading account or withdrawing funds.
Inactivity Fees
On inactive accounts, the broker does not levy an inactivity fee. However, if a live trading account is inactive for three months in a row, the account will be canceled immediately in accordance 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.
What are the trading fees charged by Axiory?
The broker charges trading fees primarily in the form of spreads, which are the differences between the buying (ask) and selling (bid) prices of financial instruments. The size of the spread can vary depending on factors such as market liquidity, volatility, and the type of account held by the trader.
What non-trading fees does Axiory charge?
In addition to trading fees, they may charge non-trading fees, which are fees not directly related to executing trades. These fees may include deposit and withdrawal fees, inactivity fees, and currency conversion fees. Deposit and withdrawal fees can vary depending on the payment method used and the currency involved.
Axiory Deposits and Withdrawals
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 |
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 can I deposit funds into my Axiory trading account?
Depositing funds into your trading account is a straightforward process. They offer various deposit methods, including bank wire transfers, credit/debit cards, and electronic payment systems such as Skrill and Neteller.
How can I withdraw funds from my Axiory trading account?
Withdrawing funds from your trading account is simple and convenient. Traders can request withdrawals through the client portal by navigating to the “Withdrawal” section. From there, choose your preferred withdrawal method, enter the withdrawal amount, and follow the prompts to complete the transaction.
How to Deposit Funds with Axiory
To deposit funds to an account, Botswana Traders can follow these steps:
Step 1: Log in to MyAxiory
Log in to MyAxiory and click “Deposit.”
Step 2: Method of Payment
Select a method of payment and follow any on-screen instructions.
Axiory Fund Withdrawal Process
To withdraw funds from an account, Botswana Traders can follow these steps:
Step 1: Log into MyAxiory
Log into MyAxiory and choose “Withdrawal” from the list of available account operations.
Step 2: Submit the withdrawal request
Use the same payment method as for deposits. Submit the withdrawal request and wait for it to be processed.
Education and Research
Education
Offers the following Educational Materials:
➡️ 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 |
Offers Botswana Traders the following Research and Trading Tools:
➡️ Daily Market News
➡️ Daily Technical Analysis
➡️ Intelligence
What educational resources does Axiory offer to traders?
The broker is committed to providing comprehensive educational resources to empower traders with knowledge and skills. These resources may include educational articles, video tutorials, webinars, and seminars covering various topics such as trading strategies, technical analysis, risk management, and market insights.
Does Axiory provide research and analysis tools for traders?
Yes, the broker offers research and analysis tools to assist traders in making informed trading decisions. These tools may include daily market analysis, technical and fundamental research reports, economic calendars, and market commentary from experienced analysts.
How to open an Affiliate Account
To register an Affiliate Account, Botswanan traders can follow these steps:
Step 1: Log into MyAxiory
Log into your personal MyAxiory
Step 2: Partner with Axiory
Click on the green tab Partner with Axiory
Step 3: Registration Form
Fill out the brief registration form. Select a single program or many programs.
Affiliate Program Features
The broker offers the highest Lot Rebate and CPA commissions in the business. Through this arrangement, partners may establish their 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. 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.
10 Best Forex Brokers in Botswana
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Bonuses and Promotions
The broker does not currently offer any active bonuses or promotions to Botswanan traders.
Customer Support
The broker 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 |
Corporate Social Responsibility
There is currently no information on the Corporate Social Responsibility.
Our Verdict
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 are well-organized. The broker 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 of ten dollars ($10), and both trading and non-trading costs are far lower than industry standards.
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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 |
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.
Frequently Asked Questions
Is Axiory regulated?
Yes, the broker is well-regulated by a Tier-1 market regulatory entity namely the Financial Conduct Authority. They are also regulated by two Tier-3 regulatory entities namely the IFSC in Belize and the FSC in Mauritius.
Is Axiory a good broker?
Yes, the broker may be summarized as a reputable and lucrative broker with very low trading costs.
Does Axiory have Nasdaq?
Yes, the broker 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 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, the broker 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.
the broker offers a choice between trading platforms and has a proprietary copy trading app that is perfect for social traders in Botswana.
Does Axiory have Volatility 75?
No, Axiory does not offer VIX currently.
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.
