Axi vs Axofa

Axi vs Axofa Comparison Table 2023
Axi	Axofa
Review 3.7	Review 4.3 Axofa is #9 in our CFD broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.	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 could be an attractive option, although the broker does not hold a reputable license.
81.6% of retail investor accounts lose money when trading CFDs with this provider
Bonus Offer
	10% Deposit Bonus
Comment by Reviewer
"Axi will appeal to forex traders in particular with more than 70 currency pairs, ultra-fast execution speeds and no restrictions on trading strategies, including EAs."	"Axofa could be a good option for clients looking for social trading features alongside the MT5 platform, and are willing to trade with an offshore brand."
Pros
Highly regulated – traders can be assured the broker is not operating a scam Axi Select funded accounts with up to $1M and a 90% profit share Stock CFDs in US, UK and European markets $0 minimum deposit will appeal to beginners Award-winning brand with 60,000+ users Around the clock customer support Autochartist and Myfxbook tools MT4 NexGen software 1:200 crypto leverage	MT5 integration Proprietary mobile app Negative balance protection Access to high leverage up to 1:1000 Low starting deposit of $1 for beginners International broker accepting clients from the USA, India, Indonesia, and Ireland
Cons
Crypto CFDs are only available to professional clients Demo account expires after 30 days Limited choice of trading platforms	Unregulated broker Lack of transparency around pricing Limited verifiable information about the broker’s owners and background Inconsistencies between international subsidiaries and website information
Awards
Best EMEA Region Broker - ADVFN International Financial Awards, 2020 Best Forex Broker Middle East - forex-awards.com, 2019 Best Forex Broker Europe - forex-awards.com, 2019 Best MT4 Forex Broker - atozmarkets.com, 2019
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$0	$1
Trading Platforms
MT4 AutoChartist DupliTrade	MT5
Payment Methods
Boleto Credit Card Debit Card FasaPay JCB Card Maestro Mastercard Neteller PIX Payment Skrill Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, DFSA, FMA	SVGFSA
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	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
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Myfxbook plus Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
After partnering with Pelican Trading, Axi has launched a user-friendly copy trading service that provides access to more than 30 products across popular financial markets.
Social Trading
Yes	No
Trade Signals
Yes - on MT4
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF HKD SGD	USD IDR
Stock Exchanges
Australian Securities Exchange DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Nasdaq	Nasdaq S&P 500
Commodities
Cocoa Coffee Copper Gasoline Gold Natural Gas Oil Platinum Precious Metals Silver	Gold Natural Gas Oil Palladium Platinum Silver
CFD Trading
Trade CFDs with dynamic leverage on a multitude of markets, including forex, shares, indices and commodities. Raw spreads are available from 0 pips rivalling leading competitors.	CFDs are available on popular asset classes with a competitive $1 minimum deposit. The broker offers very high, unrestricted leverage of 1:1000, which will amplify both profits and losses.
Leverage
1:400	1:1000
FTSE Spread
from 100 (floating)	NA
GBPUSD Spread
from 0.6 pips (floating)	From 1.6 pips
Oil Spread
from 0 pips (floating)	From 1.6 pips
Stocks Spread
Variable	NA
Forex Trading
Axi offers a great selection of 70+ major, minor and exotic currency pairs. There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources.	Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees.
GBPUSD Spread
from 0.6 pips (floating)	From 1.6 pips
EURUSD Spread
from 0.2 pips (floating)	From 1.6 pips
EURGBP Spread
from 0.5 pips (floating)	From 1.6 pips
Assets
70+	10+
Cryptocurrency
Axi offers all the well-known cryptos paired with fiat currencies, other tokens and metals. High leverage up to 1:200 is available on digital currency trades and users can deploy various strategies, from scalping to position trading.	Crypto trading not offered
Spread
Variable
Coins
BCH BNB BTC LTC OMG FTT BTC BCH DOG LTC XLM AAVE COMP LRC MKR SUSHI UNI BAT CRV ENJ LNK MANA MATIC SAND XRP LNK XRP KSM AVAX ETH SOL XTZ ADA DOT EOS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
81.6% of retail investor accounts lose money when trading CFDs with this provider
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