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Axi in Nigeria — review, licence and costs
Cost calculator (median of 57 priced of 81)
Score (6 of 6 axes scored)
ranked against full-basis brokers
Who actually onboards you
- Entity that onboards Nigeria residents
- Onboarded to offshore AxiTrader LLC / AxiTrader Ltd (SVG).
- Local standing
- Not regulated by SEC Nigeria; offshore. Accepts Nigerian clients.
- Licence as the register states it
- No SEC Nigeria licence; SVG FSA registration only.
- Leverage for this entity
- Up to 1:500 (offshore).
- The firm behind it
- Founded 2007, Sydney; group ASIC/FCA/DFSA/CySEC/SVG.
- What we hold against it
- FCA clone warning + ASIC clone-firm alert on group name. No local SEC oversight.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Nigerian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot regulated by SEC Nigeria; offshore. Accepts Nigerian clients.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Nigeria market median(priced from 57 of 81)
Medians run over the 57 of 81 brokers that publish a price for Nigeria, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard (USD 0), Pro (USD 0), Elite (USD 25, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Nigerian resident(1 rule)
- Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS).https://axi.com
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (5 methods · 0 local rails)
Nigerian internet/online banking in NGN reported as a funding method;
- Also cards
- Bank wire
- Skrill
- Neteller
- Crypto
- Account currency
- No NGN base account verified; USD (also AUD/EUR/GBP).
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(26 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- Axi platform
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.7 |
| MT5 | — | 0.7 |
| Axi platform | — | 0.7 |
| TradingView | — | 0.7 |
| All instruments | 450+ | — |
147 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 141 more.
Identical for every row: Leverage 500 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.1 | 7,600 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(4 for and 6 against, each tied to a figure on this page)
- Min deposit 0 USD, under the Nigeria median 20
- Swap-free account available
- Track record 95 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, Axi platform, TradingView
- Round turn 7 USD on the raw + commission basis, over the Nigeria median 6.5
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Withdrawal in 48 h, over the Nigeria median 24
- The published 1:500 comes from the group's offshore entity, not from the Nigeria one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 7NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 200NG
- Rank in this country
- #13
- Round turn, USD
- 6NG
- Min deposit, USD
- 10NG
- Leverage
- 3000NG
- Rank in this country
- #26
- Round turn, USD
- 6NG
- Min deposit, USD
- 20NG
- Leverage
- 200NG
- Rank in this country
- #10
- Round turn, USD
- 6NG
- Min deposit, USD
- 0 groupNG
- Leverage
- 500NG
- Rank in this country
- #17
- Round turn, USD
- 9NG
- Min deposit, USD
- 10 groupNG
- Leverage
- 500NG
- Rank in this country
- #45
- Round turn, USD
- 9NG
- Min deposit, USD
- 25 groupNG
- Leverage
- 1000 group
- Rank in this country
- #2
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Nigeria score. Full methodology
| Axis | Weight | What is measured | Axi |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 55 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 95 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where Axi sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 7 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 0 USD · 52 of 81 brokers do not publish it
Retail leverage (53 of 81 with a Nigeria figure)
Median 1:500 · range 100-3000 · this broker 1:500 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does Axi accept residents of Nigeria?
- No. Not regulated by SEC Nigeria; offshore. Accepts Nigerian clients. Onboarding entity: Onboarded to offshore AxiTrader LLC / AxiTrader Ltd (SVG).
- Is Axi licensed to serve clients in Nigeria?
- No SEC Nigeria licence; SVG FSA registration only. Checked on 09.07.2026.
- How much does one round turn cost at Axi?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does Axi offer to retail clients in Nigeria?
- Up to 1:500. leverageGeo: Up to 1:500 (offshore).
- Which trading platforms does Axi support?
- MT4, MT5, Axi platform, TradingView. Instruments: FX, indices, commodities, shares, crypto CFDs.
- How can I withdraw money from Axi in Nigeria?
- Nigerian internet/online banking in NGN reported as a funding method; also cards, bank wire, Skrill/Neteller, crypto.
- What account types does Axi offer?
- Standard (USD 0), Pro (USD 0), Elite (USD 25,000).
- Does Axi offer a swap-free (Islamic) account?
- Yes. Axi offers a swap-free (Islamic) account to Nigeria residents.