Top 8 Locally Based Brokers
Axiory Review
Overall, Axiory is very competitive in terms of its trading fees and spreads. Axiory offers 6 retail accounts on four different trading platforms. Axiory has no hidden trading fees and is considered a trustworthy and reliable broker with a score of 90% out of 100. Axiory is currently not regulated by the CMA of Kenya
- Louis Schoeman
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
10 USD / 1156 KES
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 Review – 15 key points quick overview:
Regulation and Safety of Funds- Account Types and Features
- Account Registration
- Axiory Vs eToro Vs RoboForex – Broker Comparison
- Trading Platforms
- Range of Markets
- Axiory Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- Axiory Education and Research
- Bonuses and Promotions
- Axiory Affiliate Program
- Verdict on Axiory
- Axiory Pros and Cons
- Frequently Asked Questions
Axiory Overview
👉 Overall, Axiory is the best STP and ECN broker that is an NDD. Trades with Axiory are executed in under 200 milliseconds, and Kenyan traders are given the best trading software connected to Equinix datacentres.
👉 Forex and CFD trading may be done using cTrader, MetaTrader, and the FIX API with Axiory. Trading tools, training information, and more than 150 instruments are available to help traders.
👉 Axiory does not have any regulation or authorization through the Capital Markets Authority (CMA) in Kenya, but the broker is a trusted and reputable trading provider. Axiory, a worldwide broker founded in 2011 by seasoned fund managers, has developed rapidly since its inception. When it comes to technology, Purple Technology is at the heart of the brand.
👉 This global fintech company offers a wide range of services to brokers, including server administration and optimization as well as web app development and payment solutions.
👉 Axiory makes use of innovative trading technology and infrastructures, including trading servers housed in Equinix datacentres in London, Tokyo, and New York, among other locations. Trades are completed in as little as 200 milliseconds.
👉 If you are an expert coder or trade in high volumes, Axiory features robust fix protocol 4.4 trading solutions. If the protocol is followed, all transactions will take place in Equinix London (LD4). Stability is ensured through real-time backups of the primary servers.
👉 The Straight-through Processing (STP) and Electronic Communication Network (ECN) broker models are used by Axiory. Client orders are sent directly to the interbank liquidity pool, where they are executed at the best available rates and speeds. There is no dealing desk (NDD).
👉 This Axiory review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
👉 The distribution of traders with Axiory is as follows:
➡️️ Japan – 54.3%
➡️️ United States – 4.9%
➡️️ South Africa – 4.8%
➡️️ Switzerland – 4.7%
➡️️ Thailand – 4.3%
Popularity among traders who choose Axiory
🥇 Axiory may not have a large market share in Kenya, but the broker is part of the Top 50 forex and CFD brokers that welcome Kenyan traders.
Axiory at a Glance
| 🏛 Headquartered | Belize |
| 🏙 Kenyan Based Office | None |
| ✅ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2011 |
| 📞 Kenyan Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube |
| ⚖️ Regulation | FSC Belize, FSC Mauritius, FCA |
| 🪪 License Number | • Belize – 000122/163 • Mauritius (Tradit) – GB21026376 • United Kingdom (London & Eastern LLP) – 534484 |
| ⚖️ CMA Regulation | None |
| 🚫 Regional Restrictions | United States, Canada, EU Countries, Japan, The Islamic Republic of Iran, Indonesia, North Korea, Belize, Russia, Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Jamaica, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, 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% |
| ✅ Crypto trading offered? | No |
| 💰 Offers a Kenyan shilling Account? | No |
| 👨💻 Dedicated Kenyan Account Manager? | No |
| 📊 Maximum Leverage | 1:777 |
| 🚫 Leverage Restrictions for Kenya? | None |
| 💰 Minimum Deposit (KES) | 1,100 KES or equivalent to $10 |
| ✅ Kenyan shilling Deposits Allowed? | No |
| 📊 Active Kenyan Trader Stats | 70,000+ |
| 👥 Active Kenyan-based AvaTrade customers | Unknown |
| 💳 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | • Credit Cards • Debit Cards • Bank Transfer • Sticpay • Neteller • Skrill • Vload • ThunderXPay |
| 🏦 Segregated Accounts with Kenyan 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/KES currency pair? | No |
| 📈 USD/KES Average Spread | N/A |
| 📉 Offers Kenyan 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 |
| 👥 Kenyan-based customer support? | None |
| ✅ Bonuses and Promotions for Kenyans | None |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is AvaTrade a safe broker for Kenyans? | Yes |
| 📊 Rating for AvaTrade Kenya | 8/10 |
| 🤝 Trust score for AvaTrade Kenya | 90% |
| 👉 Open an account | 👉 Open Account |
Regulation and Safety of Funds
The FSC, a Belizean statutory body, oversees and enforces international financial service provider laws. The FSC is keeping a close eye on Axiory Global Ltd to protect traders while the Mauritius Financial Services Commission oversees and promotes the country’s financial institutions and capital markets.
Subsequently, Axiory’s Tradit Ltd brand is overseen and regulated by the FSC in Mauritius. Protecting clients is a top priority for the Financial Conduct Authority (FCA) and subsequently, the Axiory CopyTrade platform of London & Eastern LLP has been approved and is actively regulated by the FCA.
All customer funds are stored in separate accounts at well-respected financial institutions. A recognized multinational network of financial services including auditing, PricewaterhouseCoopers (PwC) audits these segregated funds.
Anti-money laundering (AML) rules are adhered to by Axiory’s tight client verification procedure. To ensure that all customers are correctly recognized, KYC processes must be followed.
A utility bill and a copy of the applicant’s valid ID are necessary before a live account may be opened. Various additional safety precautions are also put in place to create a risk-free environment for transactions.
Arbitration cases involving traders and brokers are handled by the “Financial Commission” (FC), of which Axiory is a member. The FC will pay up to €20,000 in compensation to consumers who qualify.
Overall Rating
- 4.8/5
Min Deposit
10 USD / 1156 KES
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
Account Types and Features
Five account types are available to traders at Axiory. When a new trading account is created, the objectives and preferences of the account’s initial holder are considered. Muslims in Kenya can carry out Islamic trading on any of the trading platforms’ live accounts, save for the Alpha Account.
AxioryKenyan traders can pick from the following active retail investor accounts:
➡️ Nano Account
➡️ Standard Account
➡️ Max Account
➡️ Tera Account
➡️ Alpha Account
Live Trading Accounts
Nano Account
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 1,100 KES 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 a typical and conventional account type that is designed for most traders according to typical trading activities and strategies. The features on this account are indicated below.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 1,100 KES 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 the next level that is suited to more experienced traders, offering them some of the best benefits and unique features to complement a wide range of trading strategies.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 1,100 KES 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 Account type is for seasoned traders who need the best trading conditions that include tight pricing, low commissions, and access to powerful trading platforms such as MetaTrader 5, providing them with a range of technical tools, fundamental information, and innovative technology.
| Account Feature | Value |
| 💸 Minimum Deposit Requirement | 1,100 KES 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 |
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 Kenyan traders with a practice account that offers 10,000 USD in virtual money that can be utilized on three trading platforms and a wide choice of marketplaces. More than one demo account can be created concurrently and for an indefinite period.
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.
The Nano, Standard, Max, and Tera Accounts, all of which may be converted to Islamic Accounts, are available via Axiory to Kenyan Muslim traders. Although the minimum deposit on an Islamic Account remains at 1,100 KES or $10, the spreads that Islamic account traders should anticipate are as follows:
➡️ Nano Account – from 0.2 pips
➡️ Standard Account – from 1.2 pips
➡️ Max Account – from 1.8 pips
➡️ Tera Account – from 0.2 pips
While Axiory caters extensively for Muslim traders and they are exempted from overnight fees or swaps, they must be aware that they will be charged a commission to compensate. Holding duration, account, and market circumstances all factor into the costs. The following are typical storage fees:
| 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 |
Account Registration
The official Axiory website and the homepage both include the opportunity to sign up for an account for Kenyan traders. To begin the registration procedure, traders may click on the link and be taken to an online application. Traders must complete the application and submit certain documents to verify their personal information and financial resources.
Furthermore, Kenyan traders are required to read and agree to the following:
➡️ The Terms and Conditions of Axiory
➡️ Risk Disclosure and associated Risk Warning
➡️ Anti-Money Laundering Policy
➡️ Trading Execution Risks
Next, Kenyan traders must submit their evidence of identification and domicile after completing the applications.
Axiory’s personnel will review and check the information supplied against the papers received, and if everything checks out, the account will be authorized, and traders will be able to fund it with a 1,100 KES minimum deposit.
How to Open An Account
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 | 1,100 KES | 22,900 KES ($200) | 1,100 KES |
| 📈 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 |
| ⚖️ CMA Regulation | No | No | No |
| 💳 KES Deposits | No | No | Yes |
| 📊 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/6 | 24/7 |
| 📊 Retail Investor Accounts | 5 | 1 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Trading Platforms
Kenyan traders can choose between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ Axiory CopyTrade
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
Many traders rely on either the MetaTrader 4 or MetaTrader 5 platforms because of the various add-ons and built-in features. Computers running Windows, Linux, or macOS X can make use of the desktop version of Metatrader 4 and 5.
cTrader can be accessed by Axiory Kenyan customers, offering them access to direct markets using STP and ECN technology, more than 60 indicators, and more. In addition, cTrader’s desktop application can only be used on Windows-based computers.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
MetaTrader 4 web can be accessed from any device that is connected to the Internet. With this platform, Kenyan traders can access 30 technical indicators, 24 analytical tools, and a range of order types.
MetaTrader 5 offers the same benefits as MetaTrader 4, with additional features and tools including 24 graphical objects, 80 technical tools, additional time-frames, one-click trading, and more.
cTrader Web offers traders unlimited access to their trading accounts from anywhere in the world on any given Internet browser. With this platform, traders have access to 94 charting tools, 26 time-frames, detachable charts, and several other features.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ Axiory CopyTrade
MetaTrader 4 and 5 are both offered to iOS and Android devices and can be downloaded on any tablet or smartphone that support these operating system. With these mobile apps, Kenyan traders can monitor their trades, execute new trades, access a wide range of features, set up trading alerts, and more.
The cTrader mobile app is offered on iOS and Android devices including smartphones and tablets. With the cTrader app, traders can trade while they are on the move, enjoy a variety of features, monitor their existing positions, and access their trading activity at any given time.
Successful trading methods require time and effort to establish. The skilled traders at Axiory CopyTrade are happy to impart their wisdom and experience to Kenyan traders. All that traders must do is follow these traders’ successful methods.
In addition, Kenyans can create unique trading methods based on those of the professional traders that they chose to emulate.
Range of Markets
Kenyan traders can trade the following asset classes with Axiory:
➡️ Forex
➡️ Gold and Precious Metals
➡️ Oil and Energies
➡️ CFD Indices
➡️ CFD Stocks
➡️ Exchange Stocks
➡️ Exchange ETFs
Axiory 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 |
Trading and Non-Trading Fees
Spreads
Axiory’s spreads might change depending on the kind of account, the financial instrument, and the current market situation. For Kenyan traders, the typical spreads on live trading accounts include:
➡️ 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 Islamic account offered by Axiory offers its own spreads 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 applies the following commission fees on trades:
➡️ 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 provides Kenyan traders with a detailed breakdown of the overnight costs they may anticipate from the platform. Depending on the trading instrument and asset class, the overnight costs might range from:
➡️ 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
Deposit fees are not charged by Axiory and while there are no withdrawal fees indicated, Axiory claims that fees on Skrill and Neteller could be charged. However, these amounts are not indicated on the official broker website.
Overall Rating
- 4.8/5
Min Deposit
10 USD / 1156 KES
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
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 into a trading account, Kenyan traders need to at least be on the “Light” verification level. To deposit, traders can go to their MyAxiory client portal and once they have logged in, they can select “Deposit.”
From here, traders can select their payment method and follow further instructions associated with the deposit method.
How to Withdraw Funds with Axiory
To request a withdrawal of funds, traders must log in to their MyAxiory client portal, select “Withdrawal,” and select the payment method. From here, traders can complete the instructions and the request will be submitted to the Axiory team for processing.
Bonuses and Promotions
AvaTrade offers a range of bonuses and promotions often. At the time of writing, AvaTrade offers the following bonuses:
️ A new account promotion to all traders who register a trading account for the first time according to their deposit amount. Traders must pay a minimum deposit of $200 (or currency equivalent in other accepted deposit currencies) to receive a bonus of $40. The maximum that traders can deposit is $10,000 which will give them a bonus of $2,000. For amounts exceeding this, traders must contact their dedicated account manager.
️ The Refer a friend bonus offers traders the chance to earn between $50 and $250 when their referral registers a live account and makes an initial deposit from $500 up to $20,000 and more. The amount that traders can earn will be determined by the first deposit that their referral makes.
Axiory Affiliate Program
Axiory’s Lot Rebate and CPA commissions are among the highest in the business. With this arrangement, partners may choose a payment schedule that works best for them and get timely payments. The broker’s account managers and marketing staff are available to assist affiliates in any way they need.
With CPA plans and rebate choices, partners may make $1,000 right now. In addition to this, partners are eligible for a slew of additional incentives. Axiory affiliates in Kenya have the following options to choose from:
➡️ $10 Lot Rebate Plan with $10 rebates and recurring commission
➡️ $1,000 CPA Plan
➡️ Master Affiliate that includes sub-affiliates and introducing brokers who can receive 10% of all generated earnings.
Verdict on Axiory
Axiory attracts new traders with its cheap minimum deposit and comprehensive instructional resources, which are offered on prominent trading platforms namely MT4, MT5, cTrader, and Axiory’s proprietary trading platform.
Inexperienced traders will find Axiory’s instructional and market research products quite useful. In addition to webinars, Axiory’s trading school includes courses and publications, among other resources.
Axiory has more than 60 Forex pairs available for trading and it is a popular international broker. Traders of all skill levels will find much to learn at Axiory, thanks to their low-cost trading environment and outstanding teaching resources.
When concentrating on the good aspects of Axiory, Kenyan traders will find that they provide a wide selection of account types.
Each of these accounts is customisable, including the demo account, which may be used to recreate any of these types of accounts. In addition, they provide a fantastic swap-free account.
Axiory Pros and Cons
| ✔️ Pros | ❌ Cons |
| Axiory is multi-regulated and offers investor protection through the Financial Commission | Kenyan traders are not given the benefit of local deposit and withdrawal options |
| Client Funds are kept in segregated with top financial institutions | The Kenyan shilling is not a base currency option for a trading account |
| There is a choice between dynamic and flexible trading accounts | Holding commissions are applied to the Islamic account |
| Traders can choose between robust and reliable trading platforms | Cryptocurrencies cannot be traded through Axiory |
| There is both an Islamic account and a practice trading account | |
| Traders can use AutoChartist and a few other helpful tools | |
| Kenyan traders can use several trading strategies | |
| Axiory offers competitive trading conditions across all account types and financial markets |
Frequently Asked Questions
Is Axiory regulated and by whom?
Yes, Axiory is regulated by FSC Belize, FSC Mauritius, and FCA in the United Kingdom.
What is the overall rating for Axiory out of 10?
The overall rating for Axiory is 8/10.
Is Axiory suitable for beginner and professional traders?
Yes, Axiory is an ideal broker that can be used by beginner and professional traders.
Which trading platforms are supported by Axiory?
Axiory supports the use of these trading platforms:
- MetaTrader 4
- MetaTrader 5
- cTrader
- Axiory CopyTrade
Does Axiory offer leverage and what is the maximum ratio offered?
Yes, Axiory offers maximum leverage up to 1:777.
