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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

Updated : July 11, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD 10

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 Time

24 Hours

Axiory Overview

Axiory Review 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

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

🏛 HeadquarteredBelize
🌎 Global OfficesBelize, 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 Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2011
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Instagram
• Twitter
• LinkedIn
• YouTube
⚖️ RegulationIFSC Belize, FSC Mauritius, FCA
1️⃣ Tier-1 Licenses• Financial Conduct Authority (FCA)
2️⃣ Tier-2 LicensesNone
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 RegulationNo
✔️ Regional RestrictionsAlbania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Yemen, Jordan, Mali, Turkey
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts6
✔️ PAMM AccountsNo
💻 Liquidity ProvidersSeveral Partner Banks
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket
📊 Starting spreadFrom 0.13 pips
📉 Minimum Commission per Trade$0.04
💰 Decimal Pricing5 points after the comma
📞 Margin Call50%
🛑 Stop-Out20%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size1 standard lot
✅ Crypto trading offered?No
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage1:777
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)120 BWP or an equivalent to $10
✔️ Botswana Pula Deposits Allowed?No
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based Axiory customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Credit Cards
• Debit Cards
• Bank Transfer
• Sticpay
• Neteller
• Skrill
• Vload
• ThunderXPay
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal TimeUp 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 SpreadNone
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteThai, Portuguese, Russian, Spanish, Vietnamese, Chinese, English, Arabic
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes, Axiory CopyTrade
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?None
💸 Bonuses and Promotions for Botswanans?None
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is Axiory a safe broker for Botswana Traders?Yes
🎖 Rating for Axiory Botswana8/10
🥇 Trust score for Axiory Botswana90%
👉 Open Account👉 Open Account

Axiory Regulation and Safety of Funds

Axiory Review Regulation and Safety

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

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

Axiory Review Account Types

👉 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
➡️ Nano120 BWP/$100.3 pips$0.04 CFDs8 USD
➡️ Standard120 BWP/$100.13 pips$0.04 CFDs12 USD
➡️ Max120 BWP/$100.2 pips$0.06 CFDs18 USD
➡️ Tera120 BWP/$100.3 pips$0.04 CFDs8 USD
➡️ Alpha0 BWP/$0None$1.5 per lotN/A

 

Axiory Live Trading Accounts

Nano Account

Axiory Review Live Trading 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 FeatureValue
💰 Minimum Deposit Requirement120 BWP or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 4, cTrader
📊 Average Spread on Forex Major Pairs0.3 pips
📉 Maximum Leverage Ratio1:400
💵 Commission Charges on Trades$6 per lot
💳 Commissions on Stock CFDs$0.04 per CFD with a minimum of $6
💰 Account Base Currency OptionsEUR or USD
❌ Negative Balance Protection OfferedYes
✔️ Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume0.01 lots
📈 Maximum Forex Position Size1 Standard Lot or 100,000
📉 Maximum Open and Pending PositionsUnlimited
☪️ 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 FeatureValue
💰 Minimum Deposit Requirement120 BWP or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 4, cTrader
📊 Average Spread on Forex Major Pairs0.13 pips
📉 Maximum Leverage Ratio1:400
💵 Commission Charges on TradesNone
💳 Commissions on Stock CFDs$0.04 per CFD with a minimum of $6
💰 Account Base Currency OptionsEUR or USD
❌ Negative Balance Protection OfferedYes
✔️ Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume0.01 lots
📈 Maximum Forex Position Size1 Standard Lot or 100,000
📉 Maximum Open and Pending PositionsUnlimited
☪️ 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 FeatureValue
💰 Minimum Deposit Requirement120 BWP or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 4, cTrader
📊 Average Spread on Forex Major Pairs0.2 pips
📉 Maximum Leverage Ratio1:777
💵 Commission Charges on TradesNone
💳 Commissions on Stock CFDs$0.06 per CFD with a minimum of $8
💰 Account Base Currency OptionsEUR or USD
❌ Negative Balance Protection OfferedYes
✔️ Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume0.01 lots
📈 Maximum Forex Position Size1 Standard Lot or 100,000
📉 Maximum Open and Pending PositionsUnlimited
☪️ 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 FeatureValue
💰 Minimum Deposit Requirement120 BWP or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 5
📊 Average Spread on Forex Major Pairs0.3 pips
📉 Maximum Leverage Ratio1:400
💵 Commission Charges on Trades$6 per lot
💳 Commissions on Stock CFDs$0.04 per CFD with a minimum of $6
💰 Account Base Currency OptionsEUR or USD
❌ Negative Balance Protection OfferedYes
✔️ Is Hedging Allowed?Yes
💸 Minimum Forex Trading Volume0.01 lots
📈 Maximum Forex Position Size1 Standard Lot or 100,000
📉 Maximum Open and Pending PositionsUnlimited
☪️ 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 FeatureValue
💰 Minimum Deposit RequirementNone
💻 Platforms Available for Account TypeMetaTrader 5
📊 Average Spread on Forex Major PairsNone
📉 Maximum Leverage Ratio1:1
💵 Commission Charges on TradesFrom $1.5 per lot
💳 Commissions on Stock CFDsNone
💰 Account Base Currency OptionsEUR or USD
❌ Negative Balance Protection OfferedNo
✔️ Is Hedging Allowed?No
💸 Minimum Forex Trading Volume1 lot
📈 Maximum Forex Position Size1 lot = 1 share
📉 Maximum Open and Pending PositionsUnlimited
☪️ 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

Axiory Review 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

Axiory Review 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

Axiory Review Account Registration

👉 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
⚖️ RegulationFSC Belize, FSC Mauritius, FCACySECCySEC, 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 FeeYesYesYes
📊 Demo AccountYesYesYes
📈 Minimum Deposit120 BWP500 BWP2,400 BWP
📊 Leverage1:777 Maximum1:500• 1:30 (Retail)
• 1:400 (Professional)
📊 SpreadFrom 0.130.0 pipsFrom 1 pip
💰 CommissionsFrom $0.04$0.25 per share on Stock IndicesNone
✴️ Margin Call/Stop-Out50%/20%100%/20%None indicated
💻 Order ExecutionMarketMarketMarket/Instant
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• Nano Account
• Standard Account
• Max Account
• Tera Account
• Alpha Account
• ECN Account
• Classic Account
• Retail Account
• Professional Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsNoYesNo
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/524/6
📊 Retail Investor Accounts521
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size1 standard lot100 lotsDepends on the instrument and account balance
💰 Minimum Withdrawal TimeInstantInstantInstant
📊 Maximum Estimated Withdrawal TimeUp to 10 daysUp to 5 working daysUp to 10 Working Days
💸 Instant Deposits and Instant Withdrawals?YesYesYes

Axiory Trading Platforms

Axiory Review Trading Platform

👉 Axiory offers Botswana Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

➡️ Axiory CopyTrade

 

Desktop Platforms

Axiory Review 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

Axiory Review WebTrader

➡️ 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

Axiory Review 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

Axiory Review 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
➡️ Forex621:777
➡️ Precious Metals41:100
➡️ ETFs681:1
➡️ Indices101:100
➡️ Stocks781:1
➡️ Cryptocurrency0
➡️ Options0
➡️ Energies51:20
➡️ Bonds0

Broker Comparison for Range of Markets

🥇 Axiory🥈 LiteFinance🥉 eToro
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsYesNoYes
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesNoYes
➡️️ OptionsNoNoNo
➡️️ EnergiesYesYesYes
➡️️ BondsNoNoNo

Axiory Trading and Non-Trading Fees

Spreads

Axiory Review Fees

👉 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

Axiory Review 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

Axiory Review Leverage

👉 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 TimeInstantInstantInstant
Maximum Estimated Withdrawal TimeUp to 10 daysUp to 5 working daysUp to 10 working days
Instant Deposits and Instant Withdrawals?YesYesYes

 

Axiory Deposit Currencies and Processing time on Deposits and Withdrawals

💳 Payment Method✔️ Accepted Currencies💳 Withdrawal Processing💸 Withdrawal Processing
Credit CardUSD, EURInstant3 to 10 working days
Debit CardUSD, EURInstant3 to 10 working days
Bank Wire TransferUSD, EUR3 to 10 working days3 to 10 working days
SticpayUSD, EURInstantInstant
NetellerUSD, EURInstantInstant
SkrillUSD, EURInstantInstant
VloadUSD, EURInstantInstant
ThunderXPayUSD15 minutesUp to 1 working day

How to Deposit Funds with Axiory

Axiory Review Deposits And Withdrawals

👉 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

Deposit Funds with Axiory

👉 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

Axiory Review Eduction 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 CalendarYesYesYes
➡️ VPSYesYesYes
➡️ AutoChartistNoYesYes
➡️ Trading ViewNoYesNo
➡️ Trading CentralYesYesNo
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

 

👉 Axiory offers Botswana Traders the following Research and Trading Tools:

➡️ Daily Market News

➡️ Daily Technical Analysis

➡️ Axiory Intelligence

Axiory Bonuses and Promotions

Axiory Review Bonuses

👉 Axiory does not currently offer any active bonuses or promotions to Botswanan traders.

How to open an Affiliate Account with Axiory

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 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 SupportAxiory’s Customer Support
⏰ Operating HoursMarket hours, 5 days a week
🗣 Support LanguagesEnglish, Arabic, Russian, Thai, Vietnamese, Chinese, Spanish
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of Axiory Support4/5

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 appThere is no BWP-denominated trading account for Botswanan traders
There are fast and free withdrawals offeredBWP is not an accepted deposit currency and there are no local funding or withdrawal options
The spreads offered are competitive across all account typesCrypto trading is not offered
The trading platforms are extremely user-friendlyThe spreads charged are not the lowest
There is an ultra-low minimum deposit requirementThere 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.

10/10 - (1 vote)

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