Exness Review
Axiory Account Types
Overall, Axiory provides 5 different account types, the NANO account, a Standard account, a MAX account, a Terra account, and an Alpha account. The Islamic account and demo account options are also available. Each account type has its own set of conditions.
- Louis Schoeman
Jump to:
Account Types Overview
Account Types
Account Features
Pros and Cons
Final Verdict
FAQ
Axiory Account Types – 9 key points quick overview:
Axiory OverviewAxiory Overview
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: a Nano Account, Standard Account, Max Account, Tera Account, and Alpha Account.
Axiory is attractive to novice traders due to its low required minimum deposit amount and robust instructional help.
Beginner traders will find Axiory’s instructional and market analysis products well-organized, informative, and comprehensive. In addition, experts in the sector conduct biweekly webinars, and Axiory’s trading school provides seminars, articles, and tutorials, among other things.
Axiory provides an extensive selection of tradable assets, including over 60 Forex pairings. All trading accounts need a minimum deposit of 10 USD, and the trading charges per lot of EUR/USD transacted vary from 8 USD to 18 USD, which is typical compared to other brokers.
Axiory has clients from around the world, and these areas have the largest distributions:
Japan – 46%
Nigeria – 9.3%
Bolivia – 6.1%
South Africa – 4.5%
United States – 3.4%
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 Account Types
👉 Axiory gives Botswanan traders a selection of five trading accounts, each tailored to a particular degree of skill. The trading circumstances provided by these accounts are competitive, and traders are certain to discover an account that meets their specific trading requirements.
👉 These accounts are:
➡️ Nano Account
➡️ Standard Account
➡️ Max Account
➡️ Tera Account
➡️ Alpha Account
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | 💵 Commissions | 💰 Average Trading Cost |
| Nano | 129 BWP/ $10 | 0.3 pips | $0.04 CFDs | 8 USD |
| Standard | 129 BWP/ $10 | 0.13 pips | $0.04 CFDs | 12 USD |
| Max | 129 BWP/ $10 | 0.2 pips | $0.06 CFDs | 18 USD |
| Tera | 129 BWP/ $10 | 0.3 pips | $0.04 CFDs | 8 USD |
| Alpha | 0 BWP/$0 | None | $1.5 per lot | N/A |
Axiory Account Features
Nano Account
👉 There are no limitations on the number of active or pending orders a client may have while trading micro-lots. This account may be handy for traders who are new to trading or who desire to experiment with various trading strategies.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 129 BWP 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 the most common MT4 and cTrader account types. It is intended for all types of traders. The trading commissions are included in the spread, and the execution technique is Straight Through Processing (STP).
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 129 BWP 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
👉 The Max Account is offered to more advanced traders seeking the tightest spreads and more advanced features, allowing Botswanans to refine their trading strategies.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 129 BWP 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 Tera Account offers Botswanans access to MT5 in addition to competitive spreads, low commissions, and the ability to have unlimited positions open.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 129 BWP 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
👉 The Alpha Account offers Botswana traders and investors a share dealing account that can be used with MT5. Traders can expect competitive commissions and access to a range of shares that can be bought and sold from popular exchanges.
| 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 Demo Account
👉 Axiory provides an outstanding demo account. This account is perfect for those who are new to the industry or evaluating the broker for the first time. This account is infinite, meaning that it does not expire.
👉 The demo account enables you to trade with virtual money in an environment that simulates actual trading in every way. Demo accounts are compatible with all Axiory account categories and provide access to all accessible tools and leverage features.
👉 You can create numerous demo accounts without issue, and you can even keep them active after you open your Axiory real account, since the support staff is always available to assist you.
👉 Some of the features that Botswanans can expect from the Axiory demo account include:
➡️ Traders could make use of the demo account for as long as they choose.
➡️ Each trader is provided a $10,000 virtual cash balance.
➡️ Possibility of selecting EUR or USD as one’s main currency.
➡️ A variety of live trading accounts are available for selection.
➡️ Flexible leverage, which can be utilized for demo purposes, allows for a thorough examination of trading circumstances and platforms.
➡️ Botswanans can get unrestricted access to the provided trading tools, expert advisers, and indicators.
➡️ Dedicated and prompt customer support is available if Botswanans need help.
➡️ Multiple trial accounts are permitted.
➡️ Botswanans can maintain their demo account even if they open a real account.
Axiory Islamic Account
👉 Depending on their trading style and technique, forex traders may leave their positions open for more than 24 hours on a given trading day.
👉 The trader may suffer an overnight or rollover cost. This form of interest is banned by Sharia law’s Riba principles, hence Muslim traders are often limited in forex trading.
👉 Muslim traders in Botswana have access to Axiory’s Nano, Standard, Max, and Tera Accounts, all of which may be converted to Islamic Accounts.
👉 Traders with Islamic accounts should be aware of the following spreads, even though the minimum initial deposit is just 1,100 Botswanan Pula ($10). Even though Muslim traders are prohibited from paying or receiving swaps, they are still required to pay fees for holding periods, which may vary depending on market conditions.
👉 Here are the specifics of the fees associated with holding positions:
| 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 |
Axiory Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axiory is a trusted broker that ensures client fund security | Crypto trading is currently not supported by Axiory |
| Botswanan traders have unlimited access to a demo account | There are holding fees applied to the Islamic Accounts |
| There are accounts offered that cater to every type of trader according to their experience level and trading style | There is no option for commission-free trading, and all spreads are marked-up |
| There are three powerful trading platforms to choose from | Axiory offers an extremely limited range of tradable instruments |
| There is an Islamic Account available to Muslim traders | |
| Beginners can access Axiory’s range of educational resources |
Verdict on Axiory
👉 Overall, Axiory is very competitive in terms of its trading fees and spreads.
FAQ
Is Axiory a trustworthy broker?
Yes, Axiory is an excellent broker that is both trustworthy and adaptable.
Can I register a demo account with Axiory?
Yes, Axiory offers a demo account funded with 10,000 USD that is available for an unlimited time.
Can I convert my live account to an Islamic Account with Axiory?
Yes, you can convert a live trading account into an Islamic Account. However, Muslim traders must note that holding fees apply to overnight positions.
What are the spreads that Axiory charges?
Axiory’s typical spread starts from 0.2 pips EUR/USD.
How long will a withdrawal take with Axiory?
A withdrawal can be processed instantly, or it could take up to 10 working days. Electronic gateways offer instant withdrawals, while bank cards and transfers take the longest.
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.
