Admiral Markets vs Axofa

Admiral Markets vs Axofa Comparison Table 2024
Admiral Markets Axofa
3.5
3

Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa remains an attractive option, although the broker does not hold a reputable license.

Bonus Offer
10% Deposit Bonus
Comment by Reviewer
"Admirals is a good pick for novice-to-intermediate traders that want a trustworthy, regulated broker with access to a wide range of markets with tight spreads and no commission." "Axofa could be a good option for clients looking for social trading features alongside the MT5 platform. The low entry requirements and ECN spreads are particularly promising, but the lack of transparency and respected regulatory oversight raises security concerns."
Pros
  • Low minimum deposit from $100
  • MetaTrader 4 platform and app integration
  • Copy trading service with easy account controls
  • Full range of investments including cryptos and spread betting
  • Demo account to test the broker before real-money trading
  • Admirals is a multi-regulated broker with a long list of industry awards and accolades
  • Tight spreads and low to zero commissions mean Admiral Markets is a good option for active traders
  • The low minimum deposit, fractional shares and easy three-step account registration process will appeal to beginners
  • There's a proprietary social/copy trading service for beginners looking to follow successful strategies and for experienced traders looking to sell their strategies
  • Axofa offers the MetaTrader 5 platform which will particularly serve intermediate to experienced traders looking for advanced charting tools
  • The broker offers a range of local payment methods, especially for clients in Asia, as well as crypto deposits
  • Low ECN spreads are available from 0.0 pips, plus reasonable commissions at $3.50 per side
  • The $1 minimum deposit across all 3 accounts will appeal to novices and those on a budget
Cons
  • Monthly inactivity fee
  • US traders not accepted
  • The demo account expires after 30 days
  • There is a lack of transparency around pricing and account conditions, which significantly reduces the trust score
  • Our team found inconsistencies between international subsidiaries and website information
  • There is limited verifiable information about the broker’s owners and background
  • The offshore operations and lack of any regulatory oversight is a major concern
Awards
  • Best Education & Training (Germany) - 2020
  • Best Forex Broker (Spain) - 2020
  • Best Forex Company - 2019
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes Yes
Minimum Deposit
$100 $1
Trading Platforms
  • MT4
  • MT5
  • TradingCentral
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, CySEC, ASIC, JSC SVGFSA
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Admiral Markets offers an intuitive copy trading solution where subscribers can mirror the strategies of proven investors while setting their own stop loss and take profit limits in line with their risk appetite.
Social Trading
Yes No
Trade Signals
Yes (MetaQuotes)
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • SEK
  • CHF
  • CZK
  • USD
  • IDR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, indices, commodities, ETFs, bonds and cryptocurrencies with variable leverage up to 1:30. The broker provides great value to traders with six free trades per day on US, UK and European stocks, tight spreads on forex and low commissions on ETFs. CFDs are available on popular asset classes with a competitive $1 minimum deposit. The MT5 integration will allow serious short-term traders to utilize the vast library of technical tools, bots and indicators, but the lack of any CFD trading education puts the broker behind many alternatives.
Leverage
1:30 (EU), 1:500 (Global) 1:1000
FTSE Spread
0.8 NA
GBPUSD Spread
1.3 From 1.6 pips
Oil Spread
0.03 From 1.6 pips
Stocks Spread
0.5 NA
Forex Trading
Trade 80+ major, minor and exotic forex pairs. This is a very competitive range of currency pairs with 50+ exotics to choose from, and traders will benefit from fast execution and support from extra features including a pip calculator. The MetaTrader 4 software was also designed for online forex trading. Axofa offers a decent range of 50+ forex pairs with raw spreads from 0.0 pips. Very high leverage up to 1:1000 and commission-free forex trading is available. With that said, the broker is not particularly transparent when it comes to account conditions and fees.
GBPUSD Spread
1 From 1.6 pips
EURUSD Spread
0.6 From 1.6 pips
EURGBP Spread
1 From 1.6 pips
Assets
50 10+
Currency Indices
  • USD
Cryptocurrency
Trade 42 crypto CFDs including 10 crypto cross pairs and 32 fiat pairs with USD and EUR. This is a very competitive offering for a CFD broker that gives diverse and flexible trading options. Crypto trading not offered
Spread
1%
Coins
  • BTC
  • BCH
  • DSH
  • EOS
  • ETC
  • ETH
  • LTC
  • XLM
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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