Not sure whether to open an AXIORY or an Exness account? AXIORY is a candidate if you want cTrader or a design with a 20% stop-out level. Exness is a candidate if you want 1:2000 leverage on all five accounts.
This article sets accounts, fees, leverage and bonuses side by side, based on the official information of AXIORY and Exness (checked October 2026). By the end, you can narrow down the two brokers by your own conditions.
AXIORY vs Exness: the conclusion in 5 points by condition
- Both brokers have commission-free accounts (AXIORY: Standard and Max; Exness: Standard Cent, Standard and Pro)
- cTrader is offered by AXIORY. Exness supports MT4 and MT5
- The stop-out level is 50%/20% at AXIORY and 0% on all Exness accounts
- Exness offers a maximum leverage of 1:2000 on all five accounts. At AXIORY only the Max account has 1:2000
- No Exness bonus could be confirmed. AXIORY offers only the invitation-only 15th anniversary package
Figures are minimum values ("from") or official comparison examples, and do not promise the values at the time of your trade. FX and CFD trading can result in the loss of some or all of the funds you invest.
AXIORY vs Exness account comparison: fees and trading environment
| Item | AXIORY | Exness |
|---|---|---|
| Account types | 6: Standard, Nano, Tera, Max, Zero and Alpha | 5: Standard Cent, Standard, Pro, Raw Spread and Zero |
| Commission-free accounts | Standard and Max | Standard Cent, Standard and Pro |
| Accounts with commission | Nano and Tera: USD 6 round turn per lot. Zero charges a commission (check the amount on the official site) | Raw Spread: up to USD 3.50 per side. Zero: from USD 0.05 per side (per lot) |
| Supported platforms | MT4, MT5 and cTrader (Tera is MT5 only) | MT4 and MT5 |
AXIORY has two commission-free accounts and Exness has three. The accounts with commission are Nano, Tera and Zero at AXIORY, and Raw Spread and Zero at Exness.
AXIORY's Alpha account is for physical stocks and ETFs only, and forex currency pairs cannot be traded on it. The forex comparison covers the five accounts from Standard to Zero.
Spread and fee differences: compare on the same basis
The two brokers publish spreads on different bases. AXIORY gives an official cost comparison example (USD/JPY), while Exness gives an official minimum ("from").
| Account | Spread | Commission (per lot) |
|---|---|---|
| AXIORY Standard | 0.5 pips (USD/JPY comparison example) | None |
| AXIORY Nano/Tera | 0.2 pips (USD/JPY comparison example) | USD 6 round turn |
| Exness Standard | From 0.2 pips | None |
| Exness Pro | From 0.1 pips | None |
| Exness Raw Spread | From 0.0 pips | Up to USD 3.50 per side |
| Exness Zero | From 0.0 pips | From USD 0.05 per side |
For example, AXIORY Nano/Tera is 0.2 pips plus USD 6 round turn, while Exness Standard is from 0.2 pips with no commission. The bases differ, so the numbers alone cannot tell you which is better.
The official AXIORY forex products page states a narrowest spread of from 0.0 pips. This article does not include per-account measured values or third-party figures.
Compare Exness spreads, commissions and execution types across its five accounts
Leverage and stop-out level differences
Maximum leverage is 1:2000 on all five Exness accounts, but at AXIORY only the Max account has 1:2000. At both brokers, the leverage you can actually use falls under certain conditions.
| Item | AXIORY | Exness |
|---|---|---|
| Maximum leverage | Max: 1:2000. Other accounts: 1:1000 | 1:2000 on all five accounts (unlimited under certain conditions) |
| When leverage is reduced | Reduced automatically by the combined equity of all live accounts. 1:2000 applies up to USD 2,000 in total (JPY 300,000 on the Japanese page). On weekends, 1:1000 on all accounts | Up to 1:2000 depending on equity. Unlimited is for eligible experienced clients and is not available by default |
| Margin call / stop out | 50% / 20% (Max: 30% / 0%) | Margin call: 60% on Standard, 30% on Pro, Raw Spread and Zero. Stop out: 0% on all accounts |
| Zero-cut | Yes* | Check the conditions in the official terms |
The lower the forced-closing level, the longer positions stay open even as floating losses grow. AXIORY's Max account (30% / 0%) has the same nature. Decide your trade size within the range of your own funds.
See maximum leverage and required margin examples for 7 offshore forex brokers
Which one supports cTrader? Trading environment differences
cTrader is a trading platform separate from MT4 and MT5. At AXIORY you can choose it depending on the account.
- AXIORY: Standard, Nano, Max and Zero offer MT4, MT5 and cTrader
- AXIORY: Tera and Alpha are MT5 only
- Exness: MT4 and MT5 on all five accounts. No cTrader guidance within the range we checked
- Scalping: AXIORY sets no limit on the number of trades (official FAQ). EAs can be used on MT4, MT5 and cTrader*
- EAs: Exness states they can be used on the Zero account. Check other conditions in the official terms
Deposits, withdrawals and bonus differences
| Item | AXIORY | Exness |
|---|---|---|
| Minimum deposit | No account-level minimum. Domestic bank transfer from JPY 1,100, card from JPY 5,000, Walletory from JPY 1,000 | No minimum first deposit requirement for Standard-type accounts. Pro, Raw Spread and Zero from USD 200 (varies by region) |
| Deposit and withdrawal fees | Deposits are free. Withdrawals are free at USD 200 or more and cost USD 10 below that (JPY 1,500 for international bank transfer) | Not confirmed in this article. The display in the Personal Area takes priority |
| Bonus | Only the invitation-only 15th anniversary real trading starter package (until 31 December 2026 23:59) | No bonus could be confirmed (not listed on this site) |
It combines a USD 100 no-deposit credit with 100% of the first deposit (up to USD 645). You cannot request an individual invitation. Withdrawing profit has conditions, and only MT4 and MT5 accounts are eligible. Check the latest conditions in the official terms before you claim it.
AXIORY and Exness regulation and the FSA notice
| Item | AXIORY | Exness |
|---|---|---|
| Contracting entity | Axiory Global Limited | Exness (SC) Ltd (check the applicable entity on the registration screen) |
| Regulation | Belize FSC (licence No. 4496214) | Seychelles FSA (SD025) |
The FSA (Japan's Financial Services Agency) published Axiory Global Ltd. (service name "AXIORY") as an unregistered operator in June 2015. Exness was also published, under Nymstar Limited (service name "Exness"), in April 2023. Neither is covered by Japanese investor protection such as trust safeguarding or the financial ADR system.
This notice shows that the operator solicited clients without registration. It is not a finding of fraud.
Article on AXIORY's safety, account types and the FSA notice
Article on Exness's contracting entity, regulation and 0% stop out
AXIORY or Exness? How to choose by condition
| Your condition | Account to consider |
|---|---|
| I also want to use cTrader | AXIORY (Standard, Nano, Max, Zero) |
| I want a narrow spread with a fixed USD 6 round-turn commission | AXIORY Nano/Tera |
| I want no commission and care about the lowest minimum spread | Exness Standard (from 0.2 pips) or Pro (from 0.1 pips) |
| I want 1:2000 leverage on every account | Exness (at AXIORY, Max only) |
| I prefer a design with a higher forced-closing level | AXIORY (20% on Standard, Nano and Tera) |
| I also want to use a bonus if I receive an invitation | AXIORY (invitation-only, so not eligible if no invitation arrives) |
If you are unsure, start from the platform you want to use and the size of loss you can accept. Check the latest conditions on the official sites before opening an account.
See Exness account types, maximum leverage and check dates on the broker page
Frequently asked questions
Q. Which is better, AXIORY or Exness?
A. It depends on your conditions. AXIORY is a candidate if you want cTrader, and Exness is a candidate if you want 1:2000 on every account. The stop-out levels differ greatly, so check the comparison tables.
Q. Which has tighter spreads, AXIORY or Exness?
A. They cannot be compared directly because the bases differ. AXIORY gives an official comparison example (USD/JPY: Nano/Tera 0.2 pips plus USD 6 round turn), while Exness gives minimums (Standard from 0.2 pips). Think of cost as spread plus commission.
Q. What is the difference in stop-out level between AXIORY and Exness?
A. AXIORY has a margin call of 50% and a stop out of 20% (Max: 30% / 0%). Exness has a 0% stop out on all accounts, with a margin call of 60% on Standard and 30% on the Pro-type accounts.
Q. Can I get a bonus from AXIORY or Exness?
A. No Exness bonus could be confirmed. AXIORY has the 15th anniversary real trading starter package for new clients who receive an invitation email. If you receive no invitation, you are not eligible.
Q. Can I use cTrader at AXIORY or Exness?
A. You can use it on AXIORY's Standard, Nano, Max and Zero accounts. At Exness, the official guidance we checked lists only MT4 and MT5.
Q. Are AXIORY and Exness registered with Japan's FSA?
A. Neither is a broker registered with Japan's FSA. Both have been published as unregistered operators. This is not a finding of fraud, but neither is covered by Japanese investor protection. Check the contracting entity and regulation on the registration screen and in the official legal documents.
Sources and conditions
- AXIORY official: account types (checked 17 October 2026) →
- AXIORY official: leverage conditions (checked 24 September 2026) →
- AXIORY official: 15th anniversary real trading starter package (checked 19 September 2026) →
- Exness official Help Centre: trading account types (checked 8 October 2026) →
- Exness official Help Centre (Japanese) →
- Japan FSA: list of unregistered operators of financial instruments business (checked 17 October 2026) →
- AXIORY account types and trading conditions (this site) →
- Exness account types and trading conditions (this site) →
- Advertising disclosure and risk warning →
FX Textbook is an independent information site, not a broker or provider of personal investment advice. Forex and CFDs involve risk. You may lose some or all of your invested capital. No trading result is guaranteed.
NEXT STEP
Narrowed down your conditions? Check AXIORY's account conditions.
Commissions, supported platforms and deposit methods for Standard, Nano, Tera, Max and other accounts are set out on the broker page.
Brokers covered in this column
Account types, trading conditions and current offers are on each broker page.