Axiory Minimum Deposit: Key Information & Guide (2023)
The Axiory minimum deposit is $0 for the Alpha account, and $10 for the Nano, Standard, Max, Tera and Islamic accounts.
The minimum deposit can also depend on the deposit method chosen: in fact, if you choose a deposit by bank wire, the minimum deposit requested is 100 $.
Below we have collected all the major info you need to know about Axiory minimum deposit.
Round-Up
| Axiory Minimum Deposit | Features |
|---|---|
| Nano Account | 10 $ |
| Standard Account | 10 $ |
| Max Account | 10 $ |
| Tera Account | 10 $ |
| Alpha Account | 0 $ |
| Islamic Account | 10 $ |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | USD, EUR |
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If you would like to find out more about the account types offered by Axiory, you can go on and click here to read our Axiory account types guide.
Axiory Base Currencies
Axiory provides only two account base currencies:
- USD
- EUR
The choice and the availability of the base currencies are important because if you deposit or withdraw money in a currency that is not a base currency, you may get charged a conversion fee.
Remember that you can incur a conversion fee if you deposit in a currency that is different from the one you opened your account with.
Axiory Payment Methods
It has been previously mentioned that Axiory supports a long list of payment methods. Some of the payment methods that Axiory users can use to make payments are:
- bank wire;
- credit/debit cards such as Visa and JCB, Union Pay;
- eWallets such as Neteller, Skrill, PayRedeem, ThunderX Pay and Stickpay, although the last payment method isn’t designed for corporate clients.
It is noteworthy that you can use the payment methods listed above for withdrawals too. Thus, the availability of a payment/withdrawal method may depend on your location and the regulation you are trading under.
Are you worried about your fund’s security? Don’t worry. Axiory has it covered.
The trading platform offers top-notch security features that guarantee clients’ funds.
The extra security layer ensures that no third party is accessible to your funds except you. For each withdrawal request, you must undergo the 2FA withdrawal process.
Confirm the request by clicking a button on the verification mail sent to you for that purpose.
Deposit Fees
Generally, Axiory doesn’t charge deposit fees. However, the payment provider may charge you some service fees if you are using eWallets.
Your chosen method determines the deposit processing time. Except for ThunderXPay which is processed within 15 minutes, credit/debit cards and eWallets are processed instantly , while it may take up to 10 business days to process a bank wire transfer.
Remember that you can incur a conversion fee if you deposit in a currency that is different from the one you opened your account with.
Withdrawal Fees
Withdrawals attract no fees, just as deposits. However, your bank may charge you for bank wire transfers. The payment method provider may also impose a transaction fee if you use ThunderXPay, Neteller or Skrill.
The minimum withdrawal requested is 11 $, with the exception for Bank transfer withdrawals which require a minimum withdrawal of 100 $.
Traders must wait for between 3 and 10 business days to confirm transactions via credit/debit cards and bank wire. Skrill, Neteller, PayRedeem and SticPay users can expect immediate transaction completion.
ThunderXPay users can expect payment in 1 business day.
Generally, Axiory has a 24-hour processing policy. If all the conditions are duly met, withdrawals will be processed within one business day.
How to Deposit Funds into Your Axiory Account
Crediting your trading account is a multi-stage process. The step-by-step guide below will help you through depositing funds into your account in no time:
1. Open an Axiory Demo Account First
As a new trader, consider opening an Axiory Demo Account first before transitioning to a Live Account. Each new trader is allowed to open multiple demo accounts to test the waters. Our Axiory Demo Account guide furnishes interested traders with information about this account type. Alternatively, visit the Axiory Website for more details about demo accounts.
However, if you are ready to start trading with real money in a real trading environment, go ahead and open a Live Account and start trading immediately.
2. Choose the Account Type You Wish to Open
After signing up on Axiory, choose from the brokerage’s available account types. The trading platform offers a wide range of account types such as Standard, Nano, Max, Tera, Alpha and Islamic Account.As earlier stated, the minimum deposit is $10.
3. Verify Your Identity with the Broker
Brokers have no room for anonymous traders. They are security conscious and demand to know each trader’s identity. Thus, be prepared to verify your account before you are allowed to make the initial fund and start trading on the platform.
For identity verification, you must provide documents of your residence and identity to complete the verification process. Once your identity is verified and the account approved, fund it.
4. Choose Your Preferred Deposit Method
Axiory is a credible trading platform that supports multiple deposit options, including credit/debit cards such as Visa and JCB, bank wire, and eWallets.
5. Wait for the Deposit to be Processed
After crediting your account, wait for the deposit to be processed. The processing may take up to one business day for other deposit methods except for bank wire, where processing takes between 3 and 10 business days.
Axiory Minimum Deposit vs. Other Brokers
To help you understand why choosing Axiory is the right decision for potential Axiory clients, consider the comparison table below between Axiory and other brokers:
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| Features | AXIORY | ADMIRAL MARKETS | PEPPERSTONE |
|---|---|---|---|
| Minimum Deposit | $10 | $100 ($1 for AM Invest Account) | $0 ($200 recommended) |
| Wire Transfer | Yes | Yes | Yes |
| Credit Card | Yes | Yes | Yes |
| PayPal | No | No | Yes |
| Deposit Methods | 9 | 4 | 9 |
| Account Currencies | EUR, USD | USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, SEK, NOK | USD, EUR, GBP, NZD, AUD, CHF, HKD, JPY, CAD, SGD |
Axiory Deposit Bonus and Promotions
The Axiory 50% deposit promotion may be available to you depending on the region you are trading from. This bonus promotion is currently valid until March 31st, 2022, and can help you gain 50% of your deposits extra as a bonus. For example, a $100 deposit would entitle you to a $50 bonus.
With this bonus, the total bonus amount can’t exceed $5,000 and the amount itself is not directly withdrawable. There are certain conditions attached and only profits from trading with the bonus can be withdrawn. For more on this, you can read the broker’s terms and conditions.
For more information about this bonus and promotion offer, check our Top 10 Forex Brokers Bonus Promotions.
Axiory Minimum Deposit Pros and Cons
What are some of the benefits and challenges of Axiory minimum deposit? Consider these challenges and benefits below:
Pros
- Axiory doesn’t require a high minimum deposit.
- The broker offers a convenient bonus for some traders.
- An avalanche of deposit and withdrawal options to choose from.
Cons
- It has a limited base currency. The platform accepts only Euro and US dollars.
- Transactions below a certain amount attract a transaction fee.
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