Axiory Broker Review For Kenya In 2024

Axiory Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	FSC, FCA
💰 Minimum Deposit	$10
💳 Deposit Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
💳 Withdrawal Options	Card Payments, Bank Wire, Neteller, Skrill, Sticpay, Payredeem
📌Open an account	Start Trading with Axiory

Our Opinion About Axiory

Axiory is a reputable, trustworthy forex broker. It has great trading conditions including tight spreads, low trading costs, and fast trade execution. It also has industry-leading trading platforms, cutting-edge trading tools, and a VPS service. With Axiory, you also get excellent educational resources and outstanding customer support. 

Key Benefits

Advantages Of Trading With Axiory

Here are some of the advantages you can expect when trading with Axiory:

• Low Commissions: Unlike other brokers who charge high commissions for trades, Axiory only charges a small commission per trade which makes it more affordable for all types of traders.
• Fast Execution Speeds: Axiory you can be sure that your orders will be executed quickly and efficiently so you don’t miss out on any potential profits or losses due to slow order processing.
• Competitive Spreads: Axiory spreads are very competitive compared to those offered by other brokers in the market which means more savings for every trader using this platform!
• Good Trading Platforms – Whether you prefer MetaTrader or cTrader platforms, both are available at Axiory giving users plenty of options when choosing their preferred platform type!
• Security & Regulation – As one would expect from any reputable online broker, security is paramount at Axoiry and they adhere strictly to industry regulations.

Axiory Regulation

Axiory is a regulated forex broker. It has licences from three financial authorities:

• FSC (Belize) – It has a licence from the International Financial Services Commission of Belize, with licence number 000122/163. The FSC is a statutory body that regulates, supervises, and enforces regulations relevant to international financial service providers.
• FSC (Mauritius) – It has a licence from the Mauritius Financial Services Commission, with licence number GB21026376. The FSC regulates and supervises the development, fairness, efficiency, and transparency of financial institutions and capital markets in Mauritius.
• FCA (UK) – The Axiory CopyTrade platform which is a white label of London & Eastern LLP, is authorised and regulated by the FCA, under licence number 534484. The FCA regulates the UK financial services industry with the aim of securing a degree of protection for traders.

Regulations In Kenya

Forex traders in Kenya can open a trading account under their FSC-licensed business entity. This entity, although regulated overseas, offers excellent service and a high level of client fund protection.

Fund Safety

At Axiory, they understand the importance of protecting their clients’ funds. They take a number of measures to ensure that your money is safe and secure while trading with us. Firstly, all client funds are held in segregated accounts at top-tier banks around the world. This means that even if something happened to Axiory, your money would remain untouched. Secondly, they use advanced encryption technology on all their platforms so you can be sure that no one else will have access to your account information or financial data when trading with them online or through mobile devices.

Forex Awards

Axiory is a reputable forex company. They have a great reputation within the forex industry and how many awards in recognition of its services. Their most recent awards include:

• Excellent In Customer Service (International Investor Magazine)
• Most Transparent Forex Broker – Asia (Ultimate Fintech Awards)
• Most Transparent Forex Broker – Asia (Global Forex Awards – Retail)
• Best New Forex Brand (Global Brands Magazine)

Axiory: Legit Or Scam?

Axiory is a legit forex broker. They are a regulated company that has been operating in the forex industry for several years. The offer good trading accounts with competitive spreads, fast execution speeds and access to 300+ instruments. Additionally, they provide their clients with advanced trading tools, excellent copy trading services, and great trading support. All of these features make them a legit broker, and an ideal choice for traders in Kenya.

Axiory Trading Assets

Axiory has 300+ trading instruments. You can choose from currency pairs, metals, energies, CFD indices, CFD stocks, equities, and ETFs.

Trading Instruments

• Forex: Axiory has 40+ forex instruments including major, minor, and exotic pairs. You can trade popular pairs including EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
• Shares: They have many CFDs on stocks. You can choose from many stock instruments across sectors such as technology, finance, transport, and energy.
• Indices: Axiory has CFDs on indices for equities and oil. You can choose from many popular indices across the UK, American, European, and Asian markets.
• Energies: They has CFD trading on energies. You can choose from many energy instruments including US Brent, WTI, and natural gas.

Axiory Account Types

Axiory has several different account options. For forex trading, you can choose from its Nano Account, its Standard Account, its Max Account, and its Tera Account. 

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Nano	From 0.2 pips	$10	1:400	$6 per lot
Standard	From 1.2 pips	$10	1:400	$0 per lot
Max	From 1.8 pips	$10	1:777	$0 per lot
Tera	From 0.2 pips	$10	1:400	$6 per lot
Alpha	From 0.0 pips	$10	1:1	$0 per lot

Live Accounts

As you can see, they have a great choice of live trading accounts. In our opinion, the best option is the Axiory Standard Account. It has an average spread of 0.00013 on EUR/USD. There are no commission fees on forex instruments. It also has high leverage of up to 1:400. The Axiory minimum deposit is $10. The minimum trade volume is 0.01 lots. There is no limit on the maximum number of open and pending trades. The base currencies are EUR and USD.

Demo Accounts

Axiory offers a demo account. You can use it to improve your trading skills and practise forex trading strategies in a risk-free trading environment. The Axiory demo account comes with $10,000 in virtual credit. You can use it on any of their three of their forex trading platforms – MT4, MT5, and cTrader.

Islamic Swap-Free Accounts

If you follow Sharia law then Axiory has got your back covered too! They offer swap-free Islamic accounts. This allows Muslim clients to access all features provided by their standard accounts without having any interest charges applied overnight due rollover fees.

Axiory Spreads

Axiory have competitive spreads. The forex Axiory spread available depends on which trading account you choose. For example, for EURUSD, you can trade with average spreads of 1.80 on the Max account, 0.2 on the Nano account, 1.20 on the Standard account, and 0.20 on the Tera account. There are average spreads of 0.0 on the Alpha account.

Axiroy Leverage

Axiory is a forex broker that offers traders the ability to trade with leverage. This means that you can open larger positions than your account balance would normally allow, by borrowing money from the broker. The amount of leverage offered by Axiory varies depending on the type of account opened and also depends on regulatory requirements in different countries.

In Kenya, they offer leverage up to 1:777. This is higher than many other local forex brokers. The forex Axiory leverage varies depending on which trading instrument you choose. For example, the maximum leverage available on forex instruments is 1:777. For some instruments, such as indices and metals, the maximum leverage is 1:100. And for instruments, like stocks and ETFs, the leverage is 1:1.

Axiory Registration – How To Open A Trading Account

As part of our forex Axiory review, we had a look at their online registration process. If you live in Kenya, then you are allowed to open an Axiory trading account. The registration process is quite simple and easy to complete. The first thing you need to do is to got to the Axiory website and fill in the form. This is so that they can gather some basic personal data, set up your trading account, and create your login detail. The next thing you need to do is take a short online trading quiz. This is so that they can understand how much you know about forex trading. If you pass the test, then the last thing you need to do is submit the requested documents and verify your account.

Axiory Registration – How To Verify A Trading Account

As part of our Axiory broker review, we also had a look at their account verification process. In order to approve your account, they need to carry out certain legal and regulatory checks. They will ask you to complete their KYC (Know Your Customer) process and submit certain verification documents. You will need to send them a primary form proof of ID. This could be a copy of your passport or driving licence. You will also need to give them a secondary form of ID. This could be a utility bill, a bank statement, or a government issued tax document.

Axiory Deposit & Withdrawals

Axiory offers many different payment methods including debit cards, credit cards, international wire transfer, Stickpay, Netteler, Skrill, VLoad, and ThunderXPay.

Minimum Deposits

The Axiory minimum deposit is $10. This makes it easy and affordable for traders to open accounts.

Withdrawal Times

Their withdrawals times are generally quite god. They are in line with most other regulated forex brokers. Withdrawals made via Visa, SticPay, Neteller and Skrill are instant. Withdrawals made via debit card are also instant. Withdrawals done via bank transfer can take up to 3-10 business days.

Withdrawal Fees

Their withdrawal fees are generally quite low. Withdrawals made via Visa, SticPay, Neteller and Skrill are free. Withdrawals made via debit card, credit card, and bank transfer are also free. However, it is important to note that the payment providers and banks might impose their own fees.

Axiory Trading Platforms

Axiory has three online trading platforms. You can choose from MT4, MT5, and cTrader.

• MetaTrader 4 (MT4): This platform is one of the most popular and widely used in the industry, offering new traders a simple interface with built-in tools, automated trading capabilities, and more. It also supports Expert Advisors (EAs) for algorithmic trading strategies.
• MetaTrader 5 (MT5): This platform is one of the most advanced and widely used in the industry, offering intermediate traders an intuitive interface with advanced charting tools and automated trading capabilities. It also supports Expert Advisors (EAs) for algorithmic trading strategies
• cTrader: This platform provides traders with a comprehensive suite of features including advanced charting tools, multiple order types and execution modes as well as automated trading options through EAs or copy-trading services such as Myfxbook AutoTrade.

Trading Tools

Axiory offers a nice suite of beginner trading tools including trading calculators and chart indicators. They also offer a suite of more advanced trading tools including:

• Axiory CopyTrade – This is their main copy trading tool. You can use it to follow other traders and copy their trades. Simply choose the trader you like, set your trading amount, and click copy. This tool will enable you to find new strategies, make better trades, and generate the right results.
• AutoChartist – This is their main market analysis tool. It comes with alerts that help you discover new trading opportunities. It also comes with chart pattern forecasts and automated analysis. As such, it is very helpful for new traders who need help staying on top of trends.

Education And Research

Axiory offers great educational support. It has a wide range of free educational guides, videos, and webinars. It also has an online Academy with free forex trading courses.

Axiory Customer Support

At Axiory, they understand that customer support is an essential part of any successful forex trading experience. That’s why they provide their clients with a comprehensive range of customer support services to ensure they get the most out of their trading activities.

The team is available 24/7 and can be contacted via email, telephone or live chat for assistance in all aspects related to your account and trades. They also offer multilingual customer service so you can always communicate with them in your native language if needed.

Our Verdict

Axiory is a well-established forex broker with great trading conditions. It invests heavily in its trading technology and offers excellent trading platforms. It also offers great educational resources, helpful trading tools, and excellent customer support. 

Axiory Forex Broker Review FAQ

Ready to sign up? Register for an online trading account with Axiory here.

Axiory Forex Broker Review – Similar Brokers

Axiory is a great choice for all forex traders. However, if you want to consider all your options, there are also many other forex brokers in Axiory. Here are some similar brokers.

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