Axi vs Axofa

Axi vs Axofa Comparison Table 2023
Axi Axofa
3.7
4.3

Axofa is #9 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag 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
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
Commodities
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
81.6% of retail investor accounts lose money when trading CFDs with this provider
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