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Axiory Minimum Deposit

Overall, the minimum deposit amount required to register a live trading account is $10, this minimum deposit is equivalent to 1 193 KES. Axioryprovides 5 different account types, the NANO account, a Standard account, a MAX account, a Terra account, and an Alpha account. Axiory has an overall trust score of 90 out of 100.

Updated : September 27, 2022

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Minimum Deposit Overview

Deposit Fees and Methods

Step By Step guide to depositing the Minimum Deposit

Pros and Cons

Final Verdict

FAQ

Overall Rating

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

Minimum Deposit

👉 Axiory charges a minimum deposit amount of between $0 and $10.

 

👉 This is equivalent to between 0 and 1,100 Kenyan Shilling (KES) based on the current exchange rate between the United States Dollar and the Kenyan Shilling. The minimum deposit required by Kenyan traders depends on the kind of trading account they open as follows:

➡️ Nano Account – 1,100 KES / 10 USD

➡️ Standard Account – 1,100 KES / 10 USD

➡️ Max Account – 1,100 KES / 10 USD

➡️ Tera Account – 1,100 KES / 10 USD

➡️ Alpha Account – 0 KES / 0 USD

 

👉 Client deposits are maintained in separate accounts at reputable institutions, away from the broker account. PricewaterhouseCoopers (PwC), a known international network of financial services that includes auditing, audits all segregated client money.

 

👉 Axiory conforms to anti-money laundering (AML) standards and has a stringent client verification process. KYC (Know Your Customer) techniques must be used to appropriately identify customers to achieve this obligation.

 

👉 Axiory is well-regulated by the FCA, IFSC, and FSC in Mauritius and while the broker does not hold licenses or regulations with the Capital Markets Authority (CMA) in Kenya, Axiory has a high trust score of 90%, making it a safe and low-risk for Kenyan traders.

Deposit fees and deposit methods

axiory deposit and withdrawals

👉 Axiory does not charge any deposit fees and Kenyan traders can deposit the minimum deposit by using any of the following methods:

➡️ Credit Cards

➡️ Debit Cards

➡️ Bank Transfer

➡️ Sticpay

➡️ Neteller

➡️ Skrill

➡️ Vload

➡️ ThunderXPay

 

👉 When making the minimum deposit to any of the live trading accounts offered by Axiory, Kenyans can only choose between USD or EUR as the deposit currencies.

Step-by-step guide to depositing the minimum amount

👉 After traders have finished the registration procedure and passed the KYC and AML checks to establish their identity, they may take the following steps:

 

👉 Step 1 – Log on to the Axiory homepage

Axiory deposit the minimum deposit step 1

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

Axiory deposit the minimum deposit step 2

Fill in the details you used to register your Axiory account with your email and password.

 

👉 Step 3 –   Select Deposit

Axiory deposit the minimum deposit step 3

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 deposit the minimum deposit step 4

 

👉 While Axiory does not charge for deposits, traders may still be charged by their payment provider, bank, or financial institution for processing. These fees are the trader’s responsibility, and Axiory is not accountable for waiving them.

 

👉 Traders must verify that their monies are deposited under the same name as the one used to establish their live trading account. This is because Axiory does not accept payments from unknown or third-party sources.

 

👉 To pay the minimum deposit using a credit/debit card, traders may be needed to present a copy of their bank statement to verify that the card is registered in their name. All these standards are consistent with Axiory’s anti-money laundering policies.

Overall Rating

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 Kenya Pros and Cons

✔️ Pros❌ Cons
Axiory is multi-regulated and offers investor protection through the Financial CommissiosKenyan traders are not given the benefit of local deposit and withdrawal options
Client Funds are kept in segregated with top financial institutionsThe Kenyan shilling is not a base currency option for a trading account
Traders can choose between dynamic and flexible trading accountsHolding commissions are applied to the Islamic account
Traders can choose between robust and reliable trading platformsCryptocurrencies cannot be traded through Axiory
Both an Islamic account and a practice trading account available
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

Verdict on Axiory

👉 Overall, Axiory is very competitive in terms of its trading fees and spreads.

FAQ

How can I deposit funds to my Axiory account?

You can use any of these methods to deposit funds with Axiory:

  • Credit Cards
  • Debit Cards
  • Bank Transfer
  • Sticpay
  • Neteller
  • Skrill
  • Vload
  • ThunderXPay

 

How long does it take to process a deposit with Axiory?

Depending on the payment method you use, your deposit could be processed instantly or within 10 days.

 

Do I pay fees when I deposit into an Axiory Account?

No, Axiory does not indicate any deposit fees.

 

Can I open a KES account with Axiory?

No, you can only open an account in USD or EUR.

 

Can I trust Axiory with my money?

Yes, Axiory is well-regulated and guarantees client fund safety.

9.7/10 - (22 votes)