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

Updated : July 21, 2022

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

Overall Rating

Min Deposit

10 USD/122 BWP

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader 4, MetraTrader 5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Axiory Overview

Axiory Review Overview

👉 Overall, Axiory is a registered broker in Rwanda 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 Rwandan Clients and has an average spread of 0.13 pips with commission fees of 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, which was founded in Belize in 2011, is one of the most reputable Forex trading brokers that not only has a solid license but is also profitable to trade with. Axiory offers a wide range of financial products for online trading, including currency pairings, CFD indices, energy, and metals.

 

👉 This Axiory review for Rwanda 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 – 4.13%

➡️ United States – 3.1%

 

Popularity among traders who choose Axiory

🥇 Axiory does not currently occupy a notably large market share in Rwanda. However, Axiory caters for Rwandan traders, and this places the broker within the Top 100 brokers for Rwandan traders.

Axiory at a Glance

🏙 HeadquarteredBelize
🏛 Global OfficesBelize, United Arab Emirates
💻 Local Market Regulator in RwandaThe National Bank of Rwanda (BNR)
💸 Foreign Direct Investment in Rwanda99.92 USD Million in 2020
🔄 Foreign Exchange Reserves in Rwanda1,806 million US dollars in 2020
🏛 Local office in Kigali?No
👨‍⚖️ Governor of SEC in RwandaNone, John Rwangombwa is the Governor of the National Bank of Rwanda
✔️ Accepts Rwandan Traders?Yes
🗓 Year Founded2011
☎️ Rwandan Traders 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 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
⚖️ BNR 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 Pricing5th decimal pricing after the comma
📞 Margin Call50%
🛑 Stop-Out20%
📉 Minimum Trade Size1 standard lot
📈 Maximum Trade SizeNo
💰 Crypto trading offered?No
✔️ Offers an RWF Account?No
👥 Dedicated Rwandan Traders Account Manager?No
📊 Maximum Leverage1:777
📈 Leverage Restrictions for Rwanda?None
💵 Minimum Deposit (RWF)10,000 RWF or an equivalent to $10
✔️ Rwandan franc Deposits Allowed?No
📊 Active Rwandan Traders Trader Stats50,000+
👥 Active Rwandan Traders-based Axiory customersUnknown
🔄 Rwanda Daily Forex TurnoverUnknown, the overall trading volume of over $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 Rwandan Traders 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/RWF currency pair?No
📊 USD/RWF Average SpreadNo
✅ Offers Rwandan Traders 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
📞 Rwandan Traders-based customer support?None
💰 Bonuses and Promotions for Rwandan TradersNone
📚 Education for Rwanda beginner tradersYes
📱 Proprietary trading softwareYes
🏅 Most Successful Rwandan TraderUnknown
✔️ Is Axiory a safe broker for Rwandan Traders?Yes
🎖 Rating for Axiory Rwanda8/10
🥇 Trust score for Axiory Rwanda90%
👉 Open An Account👉 Open Account

Axiory Regulation and Safety of Funds

Axiory Review Regulation and Safety

Axiory’s Regulation in Rwanda

👉 Axiory does not have regulation or authorization through the National Bank of Rwanda (BNR).

 

Axiory’s Global Regulations

👉 Axiory is well-regulated in the following regions under these market regulators:

➡️ In the United Kingdom, Financial Conduct Authority (FCA) regulates the Axiory CopyTrade platform which is operated by London & Eastern LLP under license number 534484.

➡️ In Belize, the International Financial Services Commission oversees Axiory’s operations under license number 000122/163.

➡️ In Mauritius, The Financial Services Commission (FSC) regulates and monitors Axiory under the name Tradit Limited, with License number GB21026376.

 

Axiory Client Fund Security and Safety Features

👉 Axiory is well-regulated by the FCA, FSC, and IFSC, requiring a high level of money safety. This is a wonderful indication of how much Axiory values your security as a dealer.

 

👉 Segregated accounts are employed here, and compensation of up to $20,000 is offered in the case of major financial troubles, just as it would be under ESMA regulation.

 

👉 Although it is not required, Axiory also offers negative balance protection, which ensures that you will never lose more money than you deposit with Axiory.

Axiory Awards and Recognition

Axiory Awards and Recognition

👉 In the past few years, Axiory has won an extensive list of awards, including, but not limited to, the following:

➡️ In 2022, Axiory won the Best Affiliate Program award from the Fxdaily Awards.

➡️ The Global Brands Magazine Awards will name them the “Best New Forex Brand” in Southeast Asia in 2021.

➡️ “Best New Forex Brand in Africa,” which will be given by the Global Brands Magazine Awards in 2021.

➡️ In 2021, Global Forex Awards gave Axiory the “Best Forex Educators” award.

➡️ The Ultimate Fintech Awards will give the title “Most Transparent Broker in Asia” in 2021.

➡️ The “Best Education Provider” award from the Fxdaily Awards in 2021.

➡️ “Best Forex Broker CFDs,” from the 2021 Fxdaily Awards.

Axiory Account Types and Features

Axiory Review Account Types

👉 Traders can choose from five different account types on Axiory. Each account is made with the trading goals and needs of the trader in mind.

 

👉 Rwandan Muslim traders can turn any of their real trading accounts, except for the Alpha Account, into an Islamic account or a practice account to learn how to trade.

 

👉 The live accounts offered are:

➡️ Nano Account

➡️ Standard Account

➡️ Max Account

➡️ Tera Account

➡️ Alpha Account

💻 Live Account💰 Minimum Dep.📊 Average Spread💸 Commissions💵 Average Trading Cost
➡️ Nano10,000 RWF /$100.3 pips$0.04 CFDs8 USD
➡️ Standard10,000 RWF /$100.13 pips$0.04 CFDs12 USD
➡️ Max10,000 RWF /$100.2 pips$0.06 CFDs18 USD
➡️ Tera10,000 RWF /$100.3 pips$0.04 CFDs8 USD
➡️ Alpha0 RWF / $0None$1.5 per lotN/A

 

Axiory Live Trading Accounts

Axiory Review Live Trading Account

 

Nano Account

👉 If you want to reduce your risk, the Nano account is a wonderful option. The minimum deposit is extremely low, and the spreads charged are competitive. These average spreads start from 0.3 pips on popular assets like the EUR/USD.

 

👉 In addition, there is a round turn per lot commission of $6 and with this account type, you will get access to both main trading platforms, MT4 and cTrader, as well as average leverage levels up to 1:400. The full list of features on the Nano Account is as follows.

Account FeaturesValue
💸 Minimum Deposit Requirement10,000 RWF or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 4, cTrader
📈 Average Spread on Forex Major Pairs0.3 pips
📊 Maximum Leverage Ratio1:400
💵 Commissions 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

👉 The Standard Account from Axiory has a 10,000 RWF or $10 minimum deposit and is a popular option for most Rwandan traders despite their level of experience or trading strategies. Except for stock CFD transactions, which are subject to a charge of $0.04 per CFD transaction, the spread on key assets like the EUR/USD is typically 0.13 pips.

 

👉 Because of the open framework of regulation, leverage of up to 1:400 is available while trading with this account type, which gives you the option of using MT4 or cTrader.

Account FeaturesValue
💸 Minimum Deposit Requirement10,000 RWF or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 4, cTrader
📈 Average Spread on Forex Major Pairs0.13 pips
📊 Maximum Leverage Ratio1:400
💵 Commissions 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

👉 If you are trying to trade at the largest volume, the Max account is the best option for you. The minimum deposit is still 10,000 RWF (or 10 USD) and there are commission fees charged per CFD, starting from $0.06.

 

👉 The EUR/USD has the tightest spread on the Max Account, averaging 0.2 pips, with high leverage a big draw for many Rwandan traders. The MT4 and cTrader platforms will be available to traders who choose to use this account type.

Account FeaturesValue
💸 Minimum Deposit Requirement10,000 RWF or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 4, cTrader
📈 Average Spread on Forex Major Pairs0.2 pips
📊 Maximum Leverage Ratio1:777
💵 Commissions 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 Tera Account is only offered through MetaTrader 5. This account type shares some characteristics with the Nano Account. Rwandan traders can start trading from 10,000 RWF or 10 USD and this account is an excellent option for more experienced traders. 

 

👉 Additionally, the spread on the Tera account is maintained to a minimum at only 0.3 pips on EUR/USD, with commission charges of $6 per lot traded. Traders on the stock market pay $0.04 for every CFD exchanged. 

Account FeaturesValue
💸 Minimum Deposit Requirement10,000 RWF or an equivalent to $10
💻 Platforms Available for Account TypeMetaTrader 5
📈 Average Spread on Forex Major Pairs0.3 pips
📊 Maximum Leverage Ratio1:400
💵 Commissions 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

👉 Axiory offers its Alpha account through MetaTrader 5, providing Rwandan traders with a full range of features and tools. In addition, more than 100 stocks and ETFs are available for purchase using this account type.

 

👉 With no minimum deposit requirement, the account is accessible to everyone. Another feature of this account is that commissions start from as low as $1.50 per share.

 

👉 However, Rwandan traders must remember that there will be no negative balance protection for this account type since it solely deals with real shares and not CFDs.

Account FeaturesValue
💸 Minimum Deposit RequirementNone
💻 Platforms Available for Account TypeMetaTrader 5
📈 Average Spread on Forex Major PairsNone
📊 Maximum Leverage Ratio1:1
💵 Commissions 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 Rwandans open a live trading account with Axiory, they can only use one of two base currencies for their trading account namely USD or EUR.

 

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.

 

👉 Axiory provides Rwandan traders with an excellent demo account. Traders are encouraged to utilize this account if they are new to forex trading or are investigating a certain broker for the first time.

 

👉 The Axiory demo account is a perpetual account, which means it will never expire. The demo account enables you to trade completely risk-free with virtual money in an environment that is meant to replicate the actual trading environment as closely as possible.

 

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.

 

👉 A significant plus for Islamic traders is the availability of a completely Shariah-compliant Islamic account. The Axiory Islamic account can be authorized by contacting Axiory’s customer support once live account verification is complete, and the account will be activated within 24 hours.

 

👉 This option is accessible for all account types offered by the broker, except the Alpha Account, and the terms are favourable.

 

👉 When you choose to maintain positions open for a longer length of time, you will be charged an extra commission rather than a swap fee. These commissions range from $3 to $8 per position and can be detailed as follows:

🔨 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 Rwanda

Axiory Review Account Registration

👉 To register an account with Axiory, Rwandan Traders can follow these steps:

➡️ Navigate to the Axiory website and access the Registration Form from the homepage.

➡️ Complete all the required fields starting with selecting between an Individual and Corporate Account, followed by providing your first and last name, valid email address, and country of residence. Next, provide a valid mobile number and enter a user-selected password.

➡️ Read and agree with the Terms and Conditions and the Privacy Policy and select “Start Trading” to submit the application form.

➡️ Next, choose a live account option and provide your base account currency, chosen trading platform, leverage level and account type.

➡️ Download your preferred platform, or use the platform’s WebTrader, and start trading once you have made the minimum deposit.

Axiory Vs Admirals Vs Plus500 – Broker Comparison

🥇 Axiory🥈 Admirals🥉 Plus500
⚖️ RegulationFSC Belize, FSC Mauritius, FCAFCA, ASIC, CySEC, EFSA, JSC, FSCAASIC, FMA, FSCA, FCA, CySEC, FSA, MAS
💻 Trading Platform• MetaTrader 4
• MetaTrader 5
• cTrader
• Axiory CopyTrade
• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
Plus500 mobile and web-based trading platform
💵 Withdrawal FeeYesYesNone
✔️ Demo AccountYesYesYes
💰 Min Deposit10,000 RWF1,000 RWF100,000 RWF
📊 Leverage1:777 Maximum• 1:30 Retail
• 1:500 Professional
• 1:30
📈 SpreadFrom 0.13 pipsFrom 0.0 pips0.8 pips
💸 CommissionsFrom $0.04From $0.02None
🛑 Margin Call/Stop-Out50%/20%100%/50%None
📲 Order ExecutionMarketMarket, ExchangeNone
✔️ No-Deposit BonusNoneNoNo
✅ Cent AccountsNoNoNo
💻 Account Types• Nano Account
• Standard Account
• Max Account
• Tera Account
• Alpha Account
• Trade.MT5
• Invest.MT5
• Zero.MT5
• Bets.MT5
• Trade.MT4
• Zero.MT4
• Standard Live Account
⚖️ BNR RegulationNoNoNo
💵 RWF DepositsNoYesNo
✔️ Rwandan franc AccountNoNoNo
📞 Customer Service Hours24/524/524/7
🛍 Retail Investor Accounts561
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 pips0.01 lots0.01 lots
📈 Maximum Trade Size1 standard lot200 lots100 lots
📊 Minimum Withdrawal TimeInstantInstant1 business day
⏱ Maximum Estimated Withdrawal TimeUp to 10 working daysBetween 3 to 5 working daysUp to 7 working days
✔️ Instant Deposits and Instant Withdrawals?YesYesNo

Overall Rating

Min Deposit

10 USD/122 BWP

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader 4, MetraTrader 5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Axiory Trading Platforms

Axiory Review Trading Platform

👉 Axiory offers Rwandan 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

👉 Axiory provides traders with access to the MetaTrader 5 and MetaTrader 4 platforms, for which it created the custom indicator Axiory Strike. Rwandan merchants no longer need to make informed estimates about EAs and other third-party add-ons thanks to Axiory.

 

👉 The FX trading platforms are pre-configured versions of cTrader that excel in terms of performance and usability for manual traders. All trading platforms provide automated trading but both MT4 and MT5 have a particular advantage in this area.

 

cTrader

👉 cTrader was created utilizing innovative technology and trends, and it already outperforms the feature sets of its competitors, which are frequently updated with new improvements and additions.

 

👉 Rwandan investors will benefit from all the new features, which are intended to make trading easier while also assisting them in improved risk management and transaction execution.

 

WebTrader Platforms

Axiory Review WebTrader

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

 

MetaTrader 4

👉 MetaTrader 4, one of the most extensively used and famous trading platforms in the industry, has a comprehensive collection of over 50 indicators that enable you to personalize your trading experience to your unique requirements.

 

👉 A wide range of built-in features are also accessible and include the Expert Advisor function, which is open to all customers and offers the possibility to backtest your EA trading tactics. Additionally, you will benefit from the broker’s rapid order execution and the platform’s accessibility from any device with an Internet connection.

 

MetaTrader 5

👉 MT5 has many technical and charting indicators, with up to 80 indications accessible at any one moment. Additionally, there are 24 unique charting schemes and tools available. You may choose from a total of 21 different periods to provide the most exact charting and analysis possible.

 

👉 Apart from that, you will have access to simple one-click trading, which is ideal for scaping reasons. Additionally, you will be able to design your own trading techniques compatible with the MQL5 programming language by using the EAs capability and trade extensions.

 

cTrader

👉 cTrader is another well-known trading platform in the forex and CFD trading industries. It is more user-friendly, more up-to-date than MT4, and rivals it in terms of trading features and customizability, with over 60 indicators included by default. Additionally, it is accessible in several languages.

 

👉 It often executes trades fractionally faster, which makes it ideal for scalping, and its usage is simple since you can log in with your cTrader ID or cTID and a single email and password for all your accounts.

 

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 can be used across several mobile devices that support both iOS and Android operating systems.

 

👉 Rwandan traders can subsequently use these mobile apps to manage their accounts, initiate new transactions, use several tools, and set up trading alerts, among other things.

 

cTrader

👉 Rwandan traders may use the cTrader mobile application for free 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, monitoring their existing positions, and accessing their entire trading history at any point in time.

 

Axiory CopyTrade

👉 It takes time and effort to build and refine successful trading methods. Axiory CopyTrade’s skilled traders welcome the opportunity to share their skills and experience with Rwandan businesses via seminars and workshops. All traders need to do is copy these top traders’ tactics.

 

👉 Additionally, Rwandans may build their own trading methods based on the elite traders’ approaches that they choose to emulate.

Axiory Range of Markets

Axiory Review Range of Markets

👉 Rwandan 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📈 Maximum 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🥈 Admirals🥉 Plus500
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesYesYes
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoNoYes
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoYesNo

Axiory Trading and Non-Trading Fees

Spreads

Axiory Review Fees

👉 Axiory offers a floating spread, with the average amount altering according to the account type 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

 

👉 The type of spreads that Islamic account holders can expect from Axiory are as follows:

➡️ 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

👉 Axiory charges commissions according to the account type and the financial instrument that is being traded. The typical commissions that Rwandan traders can expect are as follows:

➡️ 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

👉 Axiory, like other brokers, charges overnight fees. The sole exception is if you have a swap-free Islamic account.

 

👉 This is dependent on the interest rate charged by central banks on each currency at the time, thus it is hard to state for definite. You can either pay or receive this charge and may get further information via your trading platform at any time.

 

👉 Some typical overnight fees that you can expect from Axiory include:

➡️ EUR/USD – A short swap of 0.17 and a long swap of -4.73

➡️ NASDAQ – A short swap of 0.675 and a long swap of -0.7644

➡️ XAU/USD – A short swap of -1.82 and a long swap of -4.28

➡️ XAG/USD – A short swap of -0.31 and a long swap of -0.786

➡️ Brent Oil – A short swap of -87.0471 and a long swap of 78.8458

➡️ CFD Stocks – A short swap of -2.5 and a long swap of -2.5

 

Deposit and Withdrawal Fees

👉 There are no deposit or withdrawal fees indicated for Axiory. However, Axiory states that there could be fees charged by Neteller and Skrill, but these charges are not indicated on the Axiory official website.

 

Inactivity Fees

👉 Axiory does not charge an inactivity fee for accounts that are not being used. Axiory’s Terms and Conditions on Investment Services say that a live trading account will be closed if it hasn’t been used for three months in a row.

 

Currency Conversion Fees

👉 When Rwandan traders put money into their accounts in a currency other than USD or EUR, they may have to pay fees for changing the currency.

Axiory Deposits and Withdrawals

Axiory Review 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🥈 Admirals🥉 Plus500
Minimum Withdrawal TimeInstantInstant1 business day
Maximum Estimated Withdrawal TimeUp to 10 daysBetween 3 to 5 working daysUp to 7 working days
Instant Deposits and Instant Withdrawals?YesYesNo

 

Axiory Deposit Currencies and Processing time on Deposits and Withdrawals

💰 Payment Method💸 Deposit Currencies💰 Deposit Processing💵 Withdrawal Processing
Credit CardsUSD, EURInstantInstant
Debit CardsUSD, EURInstantInstant
Bank 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

Deposit Funds with Axiory

👉 To deposit funds to an account with Axiory, Rwandan Traders can follow these steps:

➡️ Complete account registration and at least “Light” verification of the trading account.

➡️ Log into “MyAxiory” and choose a deposit method from the list provided.

➡️ Enter a deposit amount and indicate the deposit currency.

➡️ Complete any additional steps as per the payment method to confirm and complete the deposit.

Axiory Fund Withdrawal Process

How to Withdraw Funds with Axiory

👉 To withdraw funds from an account with Axiory, Rwandan Traders can follow these steps:

➡️ Log into MyAxiory and select the option to Withdraw funds.

➡️ Select a withdrawal method, preferably the same used during fund deposit, and provide the amount to be withdrawn from the account.

➡️ Complete any additional steps according to the payment method to submit the withdrawal request to Axiory.

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🥈 Admirals🥉 Plus500
Economic CalendarYesYesYes
VPSNoYesYes
AutoChartistNoNoNo
Trading ViewNoNoNo
Trading CentralNoYesNo
Market AnalysisYesYesYes
News FeedYesYesYes
BlogYesYesYes

 

👉 Axiory offers Rwandan 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 Rwandan traders.

How to open an Affiliate Account with Axiory

Affiliate Account with Axiory

👉 To register an Affiliate Account, Rwandan Traders can follow these steps:

➡️ Visit the official Axiory website and navigate to “Partnerships.”

➡️ Select “Partners” followed by “Partner with Axiory.”

➡️ Choose between the affiliate options available.

➡️ Complete the application form and submit it to Axiory for consideration.

➡️ Once approved, navigate to the partner portal to get started.

 

Axiory Affiliate Program Features

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 can easily earn up to $1,000 by using CPA plans and rebate choices. Additionally, partners may benefit from several extra benefits including:

➡️ $10 Lot Rebate Plan with $10 rebates and recurring commission

➡️ $1,000 CPA Plan

➡️ Master Affiliate that includes sub-affiliates and introduces brokers who can receive 10% of all generated earnings.

Axiory Customer Support

Axiory Customer Support

👉 Monday to Friday, Axiory delivers rapid, friendly customer service that may be reached throughout market hours and days. Multiple avenues of contact are available, and customer service is kind 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 Rwanda?No
🥇 Overall quality of Axiory Support4/5

Axiory Corporate Social Responsibility

👉 There is currently no information on the Corporate Social Responsibility of Axiory.

Overall Rating

Min Deposit

10 USD/122 BWP

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader 4, MetraTrader 5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Our Verdict on Axiory

👉 Axiory provides superior customer service to both new and current clients. Help is available through the website, which includes a contact form, email support, a live chat option, and a list of country-specific phone numbers.

 

👉 Axiory is a reputable broker that places a premium on human-to-human interaction and execution transparency. With a diverse variety of trading accounts accessible on three of the most prominent trading platforms (MT4, MT5, and cTrader), Axiory attracts novice traders with low minimum deposit requirements and robust instructional assistance.

Axiory Pros and Cons

✔️ Pros❌ Cons
Axiory is well-regulated and offers transparent trading conditionsRwandan traders cannot set RWF as their base account currency
Negative balance protection is applied to retail trading accountsThere are no local Rwandan funding options offered
Segregation of client funds with top-tier banksThere are only a few asset classes offered
There is an extremely low minimum deposit requirement on all accountsCrypto trading is not supported
Muslim traders can convert four of the five accounts into a Swap-Free Islamic Account
The broker offers a demo account via powerful trading platforms

FAQ

Does Axiory have Volatility 75?

No, Axiory does not have Volatility 75 or VIX. However, Rwandan traders can choose from a range of other indices to trade.

 

Does Axiory have Nasdaq?

Yes, Axiory has Nasdaq. With Axiory, Rwandan traders can trade Nasdaq using the competitive trading conditions and range of account types offered.

 

What can I trade with Axiory?

You can trade over 62 forex pairs, 68 ETFs, 4 precious metals, 10 indices, 78 stock CFDs, and 5 energies with Axiory.

 

What accounts can I open with Axiory?

You can choose between these live trading accounts:

  • Nano Account
  • Standard Account
  • Max Account
  • Tera Account
  • Alpha Account

 

Is Axiory regulated?

Yes, Axiory is regulated by the FCA in the United Kingdom, IFSC in Belize, and the FSC in Mauritius.

 

How do I deposit with Axiory?

You can deposit funds with Axiory using either bank wire transfer, banking cards, or a range of electronic payment gateways.

 

What is the withdrawal time for Axiory?

Axiory’s withdrawals are either instant or they can take up to 10 days when you use banking cards or bank wire transfers.

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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