Axiory Review
Overall, Axiory is a registered broker in Tanzania 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 is currently not regulated by the Bank of Tanzania.
- Louis Schoeman
Updated : March 27, 2023
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
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Axiory At a Glance
| 🏛 Headquartered | Belize |
| 🏛 Global Offices | Belize, United Arab Emirates |
| ⚖️ Local Market Regulator in Tanzania | Bank of Tanzania (BoT) |
| 💸 Foreign Direct Investment in TanzaniaForeign Exchange Reserves in Tanzania | $0.99B in 2019 |
| 💸 Foreign Exchange Reserves in Tanzania | 6.714 billion US dollars in 2021 |
| 🏛 Local office in Dodoma? | No |
| 🤝 Governor of SEC in Tanzania | None, Benno Ndulu is the Central Bank Governor in Tanzania |
| 🏙 Accepts Tanzanian Traders? | Yes |
| 🗓 Year Founded | 2011 |
| 📞 Tanzanian Office Contact Number | None |
| 🤳 Social Media Platforms | Facebook YouTube |
| ⚖️ Regulation | IFSC Belize, FSC Mauritius, FCA |
| 🪪 License Number | Financial Conduct Authority (FCA) International Financial Services Commission (IFSC) Financial Services Commission (FSC) in Mauritius Belize – 000122/163 Mauritius (Tradit) – GB21026376 United Kingdom (London & Eastern LLP) – 534484 |
| ⚖️ BoT Regulation | None |
| 🚫 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 |
| 📊 Average spread | From 0.13 pips |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 20% |
| 📈 Minimum Trade Size | 0.01 lots |
| 📊 Maximum Trade Size | 1 standard lot |
| ✅ Crypto trading offered? | No |
| 💰 Offers a NAD Account? | No |
| 👨💻 Dedicated Tanzanian Account Manager? | No |
| 📊 Maximum Leverage | 1:777 |
| 🚫 Leverage Restrictions for Tanzania? | None |
| 💰 Minimum Deposit (NAD) | 23,000 TZS or an equivalent to $10 |
| ✅ Tanzanian Dollar Deposits Allowed? | No |
| 📊 Active Tanzanian Trader Stats | 150,000+ |
| 👥 Active Tanzanian-based Axiory customers | Unknown |
| 💳 Tanzanian Daily Forex Turnover | Unknown, overall forex turnover is over $6.6 trillion |
| 💵 Deposit and Withdrawal Options | Credit Cards Debit Cards Bank Transfer Sticpay Neteller Skrill Vload ThunderXPay |
| 🏦 Segregated Accounts with Tanzanian 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/TZS currency pair? | No |
| 📈 USD/TZS Average Spread | N/A |
| 📉 Offers Tanzanian Stocks and CFDs | None |
| 🗣 Languages supported on Website | Thai, Portuguese, Russian, Spanish, Vietnamese, Chinese, English, Arabic |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Tanzanian-based customer support? | None |
| ✅ Bonuses and Promotions for Tanzanians | None |
| 📚 Education for Tanzanian beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Tanzanian Trader | Unknown |
| ✅ Is Axiory a safe broker for Tanzanians? | Yes |
| 📊 Rating for Axiory Tanzania | 8/10 |
| 🤝 Trust score for Axiory Tanzania | 90% |
| 👉 Open an account | 👉 Open Account |
Axiory Review – 22 key points quick overview:
Axiory Overview- Axiory Regulation and Safety of Funds
- Axiory Account Types and Features
- How to open an Account with Axiory
- Axiory Vs eToro Vs RoboForex – Broker Comparison
- Axiory Trading Platforms
- Axiory Range of Markets
- Broker Comparison for Range of Markets
- Axiory Trading and Non-Trading Fees
- Axiory Deposits and Withdrawals
- How to Deposit Funds with Axiory
- Axiory Fund Withdrawal Process
- Axiory Education and Research
- Axiory Bonuses and Promotions
- How to open an Affiliate Account with Axiory
- Axiory Affiliate Program Features
- Axiory Customer Support
- Axiory Corporate Social Responsibility
- Verdict on Axiory
- Axiory Pros and Cons
- Frequently Asked Questions
- Conclusion
Axiory Overview
👉 Overall, Axiory is a registered broker in Tanzania 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 Tanzanian 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 was established in 2011 as an ECN/STP broker. From its inception until today, Axiory has acquired a reputation as a reliable CFD broker with low and competitive spreads. The IFSC regulates Axiory, allowing them to provide a forgiving trading environment and attractive features like high leverage to its customers.
👉 Axiory offers a low-cost trading environment, as well as a solid instructional infrastructure and a wealth of valuable information to meet the needs of traders of all skill levels. The number of countries in which they are accessible is restricted to less than 50, and the number of assets available is still about 150, with this figure steadily increasing.
👉 This Axiory review for Tanzania 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
👉 Axiory currently has the largest market share in these countries:
➡️️ Japan – 54.3%
➡️️ United States – 4.9%
➡️️ South Africa – 4.8%
➡️️ Switzerland – 4.7%
➡️️ Thailand – 4.3%
Popularity among traders who choose Axiory
🥇 Tanzanian traders may find Axiory among the top 100 FX and CFD brokers in Africa, despite the broker’s exceedingly small proportion of the Tanzanian market.
Axiory Regulation and Safety of Funds
Axiory’s Regulation in Tanzania
Axiory is not locally regulated in Tanzania by the Bank of Tanzania (BoT).
Axiory’s Global Regulations
However, despite the lack of local regulations, Axiory is well-regulated as follows:
➡️ The Financial Conduct Authority (FCA) under 534484.
➡️ The International Financial Services Commission (IFSC) in Belize under license number 000122/163.
➡️ The Financial Services Commission (FSC) in Mauritius under license number GB21026376.
Axiory Client Fund Security and Safety Features
When Tanzanians deposit funds into their trading account, their money is kept in a separate account at a reputable bank or other financial institution.
PricewaterhouseCoopers (PwC), which is a well-known international network of suppliers of financial services that includes auditing, is the organization that performs audits on these segregated funds.
Overall Rating
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Axiory Account Types and Features
Axiory provides traders with a choice of five distinct account options. Accounts are established according to the trading goals and needs of Tanzanian traders. Trading accounts for Tanzanian Muslim traders, apart from the Alpha Account, could be converted into Islamic accounts.
In addition, Tanzanian traders can also register a demo account to practice their trades. Tanzanians may pick from a variety of active retail investor accounts, including:
➡️ Nano Account
➡️ Standard Account
➡️ Max Account
➡️ Tera Account
➡️ Alpha Account
Axiory Live Trading Accounts
Nano Account
When trading micro-lots, there are no restrictions on how many open or pending orders a customer may have. This account may be useful for traders who are new to trading or who wish to try out different approaches.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 23,000 TZS or an equivalent to $10 |
| 💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
| 📊 Average Spread on Forex Major Pairs | 0.3 pips |
| 📈 Maximum Leverage Ratio | 1:400 |
| 💰 Commission Charges on Trades | $6 per lot |
| 💵 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
| 💳 Account Base Currency Options | EUR or USD |
| 📉 Negative Balance Protection Offered | Yes |
| ✔️ Is Hedging Allowed? | Yes |
| 💰 Minimum Forex Trading Volume | 0.01 lots |
| 📈 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
| 💸 Maximum Open and Pending Positions | Unlimited |
| ☪️ Islamic Account Conversion Offered? | Yes |
| 💵 Access given to Axiory CopyTrade? | No |
Standard Account
Accounts like this are often used by most traders, based on their regular trading activity and strategy. Below, you can find a list of the account’s features.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 23,000 TZS or an equivalent to $10 |
| 💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
| 📊 Average Spread on Forex Major Pairs | 0.13 pips |
| 📈 Maximum Leverage Ratio | 1:400 |
| 💰 Commission Charges on Trades | None |
| 💵 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
| 💳 Account Base Currency Options | EUR or USD |
| 📉 Negative Balance Protection Offered | Yes |
| ✔️ Is Hedging Allowed? | Yes |
| 💰 Minimum Forex Trading Volume | 0.01 lots |
| 📈 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
| 💸 Maximum Open and Pending Positions | Unlimited |
| ☪️ Islamic Account Conversion Offered? | Yes |
| 💵 Access given to Axiory CopyTrade? | No |
Max Account
For more experienced traders, the Max Account is the next step up, providing them with some of the greatest perks and unique features to complement a broad variety of trading techniques.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 23,000 TZS or an equivalent to $10 |
| 💻 Platforms Available for Account Type | MetaTrader 4, cTrader |
| 📊 Average Spread on Forex Major Pairs | 0.2 pips |
| 📈 Maximum Leverage Ratio | 1:777 |
| 💰 Commission Charges on Trades | None |
| 💵 Commissions on Stock CFDs | $0.06 per CFD with a minimum of $8 |
| 💳 Account Base Currency Options | EUR or USD |
| 📉 Negative Balance Protection Offered | Yes |
| ✔️ Is Hedging Allowed? | Yes |
| 💰 Minimum Forex Trading Volume | 0.01 lots |
| 📈 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
| 💸 Maximum Open and Pending Positions | Unlimited |
| ☪️ Islamic Account Conversion Offered? | Yes |
| 💵 Access given to Axiory CopyTrade? | Yes |
Tera Account
This kind of account is for experienced traders who demand the greatest trading circumstances, such as minimal fees, tight pricing, and access to strong trading platforms like MetaTrader 5, which provides them with a wide choice of technical tools, fundamental information, and new technology.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 23,000 TZS or an equivalent to $10 |
| 💻 Platforms Available for Account Type | MetaTrader 5 |
| 📊 Average Spread on Forex Major Pairs | 0.3 pips |
| 📈 Maximum Leverage Ratio | 1:400 |
| 💰 Commission Charges on Trades | $6 per lot |
| 💵 Commissions on Stock CFDs | $0.04 per CFD with a minimum of $6 |
| 💳 Account Base Currency Options | EUR or USD |
| 📉 Negative Balance Protection Offered | Yes |
| ✔️ Is Hedging Allowed? | Yes |
| 💰 Minimum Forex Trading Volume | 0.01 lots |
| 📈 Maximum Forex Position Size | 1 Standard Lot or 100,000 |
| 💸 Maximum Open and Pending Positions | Unlimited |
| ☪️ Islamic Account Conversion Offered? | Yes |
| 💵 Access given to Axiory CopyTrade? | No |
Alpha Account
This is a share dealing account that provides traders access to a wide range of stocks and shares from around the world.
| 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
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 gives Tanzanian traders a practice account with 10,000 USD in virtual money that they may use on three trading platforms and a variety of marketplaces. Multiple demo accounts may be established continuously and indefinitely.
Axiory 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.
Axiory’s Nano, Standard, Max, and Tera Accounts, all of which can be converted to Islamic Accounts, are available to Muslim traders in Tanzania. Traders using Islamic accounts should be aware of the following spreads, even though the initial deposit is still just 23,000 TZ ($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
How to open an Account with Axiory
To register an account with Axiory, Tanzanian traders can follow these steps:
Step 1 – Click on “Sign-Up”
➡️ Go to Axiory’s official website and click on the “Sign-Up” button.
Step 2 – Fill Out Your Details
➡️ Fill out all your details and create a password for your account.
Step 3 – Follow The Steps
➡️ Choose your account type and then fill out your personal information, the investment questionnaire, and your proof of residence.
Axiory Vs eToro Vs RoboForex – Broker Comparison
| Axiory | eToro | RoboForex | |
| ⚖️ Regulation | FSC Belize, FSC Mauritius, FCA | CySEC, FCA, ASIC, FinCEN, FINRA, SIPC, DNB, FSA | IFSC |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • Axiory CopyTrade | • eToro proprietary platform | • MetaTrader 5 • MetaTrader 5 • cTrader • R StocksTrader • RoboForex Terminal • CopyFX App |
| 💰 Withdrawal Fee | Yes | Yes | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 160 NAD | 3184 NAD | 150 NAD |
| 📈 Leverage | 1:777 Maximum | • 1:30 (Retail) • 1:400 (Professional) | 1:2000 |
| 📊 Spread | From 0.13 | From 1 pip | 0.0 pips |
| 💰 Commissions | From $0.04 | None | $3 to $4 |
| ✴️ Margin Call/Stop-Out | 50%/20% | None indicated | Stop-out 100% to 10% |
| ✴️ Order Execution | Market | Market/Instant | Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | • Nano Account • Standard Account • Max Account • Tera Account • Alpha Account | • Retail Account • Professional Account | • RoboForex Prime Account • RoboForex ECN Account • RoboForex R StocksTrader Account • RoboForex ProCent Account • RoboForex Pro Account |
| ⚖️ BoT Regulation | No | No | No |
| 💳 TZS Deposits | No | No | Yes |
| 📊 TZS Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/6 | 24/7 |
| 📊 Retail Investor Accounts | 5 | 1 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Overall Rating
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Axiory Trading Platforms
Axiory offers Tanzanian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ Axiory CopyTrade
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
MetaTrader 4 and 5
MetaTrader 4 and MetaTrader 5 are popular trading platforms because of the many add-ons and features that can be accessed via them. It is possible to utilize Metatrader 4 and 5 on a desktop computer running Windows, Linux, or macOS.
cTrader
Access to direct markets through STP and ECN technology, more than 60 indicators and more may be gained by Axiory Tanzanian clients using cTrader. The desktop version for cTrader only works on Windows-based machines.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
MetaTrader 4
Anyone with an Internet-connected device may use MetaTrader 4 online. Tanzanian traders now have access to 30 different technical indicators, 24 different analytical tools, and a variety of order types.
MetaTrader 5
It has the same advantages as MetaTrader 4, but it adds 24 graphical elements, 80 technical tools, additional time frames, and one-click trading to the list of extras available in MetaTrader 5.
cTrader
cTrader Web allows traders to access their trading accounts from any computer with a web browser, regardless of where they are on the planet. Axiory offers 94 charting tools, 26 time-frames, detachable charts, and a slew of additional features to traders on this platform.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ Axiory CopyTrade
MetaTrader 4 and 5
For iOS and Android devices, MetaTrader 4 and 5 are both available for download and may be used on any tablet or smartphone that supports these operating systems. Tanzanian traders may use these mobile applications to keep track of their deals, execute new trades, access a variety of tools, set up trading notifications, and more.
cTrader
It is possible to download the cTrader mobile app for iOS and Android devices, including smartphones and tablets, for free. The cTrader app allows traders to trade while on the go while making use of several features, and while monitoring their current positions while they access their trading activity at any given moment.
Axiory CopyTrade
Successful trading strategies take time and effort to develop and perfect. It is the pleasure of the expert traders at Axiory CopyTrade to share their knowledge and experience with Tanzanian investors. All that traders need to do is emulate the strategies used by these great traders.
Furthermore, Tanzanian might develop their own trading strategies that are based on the methods of the expert traders that they choose to imitate.
Axiory Range of Markets
Tanzanian 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
Broker Comparison for Range of Markets
| Axiory | eToro | RoboForex | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | No |
| ➡️️ ETFs | Yes | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | No |
| ➡️️ Bonds | No | No | No |
Axiory Trading and Non-Trading Fees
Spreads
The spreads offered by Axiory may vary based on the kind of account, the financial instrument, and the current state of the financial markets. When trading live trading accounts, the following are the average spreads for Tanzanian traders:
➡️ 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
With the Islamic Account conversion, Muslim traders can expect these unique spreads:
➡️ Nano Account – from 0.2 pips EUR/USD
➡️ Standard Account – from 1.2 pips EUR/USD
➡️ Max Account – from 1.8 pips EUR/USD
➡️ Tera Account – from 0.2 pips EUR/USD
Commissions
The commissions that Tanzanians can expect from Axiory will depend on the account being used and the financial instrument being traded. Tanzanian traders can expect these typical commission charges:
➡️ 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 gives Tanzanian traders a full explanation of the overnight charges that they may expect to incur because of using the platform, according to the company. The overnight expenses may vary depending on the trading instrument and asset class, and might be as follows:
➡️ 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
Axiory does not need to impose deposit fees, and although there are no withdrawal fees listed on their website, Axiory states that costs on Skrill and Neteller may be levied.
Inactivity Fees
Axiory does not charge an inactivity fee on dormant accounts. However, if a live trading account becomes dormant after three consecutive months, the account will automatically be closed according to Axiory’s Terms and Conditions on Investment Services.
Currency Conversion Fees
When Tanzanian traders deposit in any currency other than USD or EUR, they may face currency conversion fees.
Axiory Deposits and Withdrawals
Axiory offers the following deposit and withdrawal methods:
➡️ Credit Cards
➡️ Debit Cards
➡️ Bank Transfer
➡️ Sticpay
➡️ Neteller
➡️ Skrill
➡️ Vload
➡️ ThunderXPay
How to Deposit Funds with Axiory
To deposit funds to an account with Axiory, Tanzanian traders can follow these steps:
Step 1 – Log on to the Axiory homepage
➡️ Once traders have completed the registration process, they can make the minimum deposit by logging onto the Axiory home page and logging in by selecting ‘my Axiory’
Step 2: Log into MyAxiory
Fill in the details you used to register your Axiory account with your email and password.
Step 3 – Select Deposit
Traders will then be redirected to the Axiory trade dashboard where they will be required to locate the Deposit option on the account created, the trader can click on ‘Deposit’.
Step 4 – Enter the amount you wish to deposit into your Axiory trading account.
Axiory Fund Withdrawal Process
To withdraw funds from an account with Axiory, Tanzanian,traders can follow these steps:
➡️ Sign into MyAxiory and select “Withdrawal” from the account actions offered
➡️ Choose the same payment method that was used during deposits
➡️ Complete the withdrawal request and wait for processing
Overall Rating
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Axiory Education and Research
Education
Axiory offers the following Educational Materials:
➡️ Axiory Trading Academy
➡️ Webinars
➡️ “How To” guidelines
Axiory offers Tanzanian traders the following Research and Trading Tools:
➡️ Daily Market News
➡️ Daily Technical Analysis
➡️ Axiory Intelligence
Axiory Bonuses and Promotions
Axiory does not currently offer any active bonuses or promotions to Tanzanian traders.
How to open an Affiliate Account with Axiory
To register an Affiliate Account, Tanzanians can follow these steps:
➡️ Navigate to the official Axiory website and hover over the “Partnerships” tab on the homepage.
➡️ Click on “Partners” and select “Partner with Axiory” from the page that loads.
➡️ Choose between Introducing Broker, Affiliate, and Company Representative.
➡️ Complete the application by providing the required information and select “Open My Partnership Account” once you are done to get started with Axiory.
Axiory Affiliate Program Features
The Lot Rebate and CPA commissions offered by Axiory are among the highest in the industry. With this arrangement, partners may set a payment schedule that is most convenient for them while still receiving regular payments from the other. Account managers and marketing employees at the broker are ready to help affiliates in any manner that they may need them.
Using CPA plans and rebate options, partners have the potential to earn $1,000 right now. A variety of extra incentives are available to partners in addition to this. Affiliates of Axiory in Tanzania can pick from 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 offers prompt, helpful customer support that can be contacted during market hours and days from Monday to Friday. There are several communication channels that can be used and customer support is friendly and informative.
Axiory Corporate Social Responsibility
There is currently no information on the Corporate Social Responsibility of Axiory.
Verdict on Axiory
Axiory is a Belize-based forex broker with IFSC, FCA, and FSC licenses, as well as Financial Commission membership. This ensures that when you deposit funds into your Axiory account or place new trades, you will not have to worry about your financial security.
Axiory has taken steps to safeguard all its trading accounts from negative balances by applying the appropriate protection. Axiory has five types of trading accounts namely Nano Account, Standard Account, and MAX Account.
Axiory’s trading platforms are packed with outstanding trading tools that can help you boost your market profitability.
The overall verdict on Axiory is that if you want a transparent and accurate broker that cares about the protection of your finances and personal information, Axiory is a strong recommendation.
Overall Rating
- 4.8/5
Min Deposit
23310 TZS / $10
Regulators
IFSC, MFSC and FSC
Trading Desk
MetaTrader4, MetaTrader5, CopyTrade and cTrader
Crypto
No
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Axiory Pros and Cons
| ✔️ Pros | ❌ Cons |
| While Axiory is based in Belize, the broker is regulated by FCA, IFSC, and FSC | There is no TZS-denominated trading account for Tanzanians |
| Tanzanian traders can choose between three powerful trading platforms and can use an innovative Copytrading app | Axiory does not offer local deposit or withdrawal methods to Tanzanians |
| There is an extremely low minimum deposit of 23,000 TZS when traders register a live account | There is a limited selection of tradable instruments |
| There is an Islamic option offered to Muslim traders | There is no crypto trading available |
| There is a demo account option offered for an unlimited time |
Frequently Asked Questions
Is Axiory regulated?
Yes, Axiory is a well-regulated Belize-based broker. Axiory has regulation and authorization through the FCA in the United Kingdom, IFSC in Belize, and FSC in Mauritius.
Is Axiory a Market Maker broker?
No, Axiory is not a market maker broker but an ECN/STP broker. Instead of creating a market for its traders, Axiory submits the orders of its clients to other market makers who provide liquidity and some of the most competitive pricing.
Does Axiory have Nasdaq?
Yes, Axiory has Nasdaq. Tanzanian traders can trade Nasdaq with spreads that start from 2.2 pips.
Does Axiory offer a demo account?
Yes, Axiory offers a demo account that never expires even when it is inactive.
What is the withdrawal time for Axiory?
The withdrawal time for Axiory is between instantaneous processing up to 10 working days, depending on the payment method that is being used for withdrawals.
Does Axiory have Volatility 75?
No, Axiory does not currently have VIX.
What is the overall rating for Axiory?
The overall rating for Axiory is 8/10. This rating is based on the range of account types that Axiory offers Tanzanian traders. The rating also considers the trading technology available along with the trading conditions offered by Axiory.
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.
