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Axiory vs Coinmama

Axiory vs Coinmama Comparison Table 2024
Axiory Coinmama
Review
3.6
Review
2.9

Founded in 2011, Axiory is a regulated forex and CFD broker offering tight spreads and highly leveraged trading on industry-leading platforms: MT4, MT5 and cTrader. The broker has won multiple global awards and is regulated by the FSC in Belize and the FSC in Mauritius.

Coinmama is a popular cryptocurrency exchange that aims to provide streamlined and user-friendly cryptocurrency trading options to the retail market. Traders can buy a range of tokens via a fiat on-ramp, store their tokens in a third-party wallet and earn loyalty bonuses for trading with Coinmama. Millions of clients from over 180 countries have signed up to the firm.

Comment by Reviewer
"Axiory remains a top choice for beginners with its low deposit, unlimited demo account and high-quality education. Experienced day traders will also appreciate the advanced capabilities of the cTrader platform, although the range of 150+ instruments may be too restricting." "New crypto investors looking to buy and sell popular tokens like Bitcoin with fiat currency will appreciate Coinmama. We particularly rated the loyalty program as a way to reduce fees."
Pros
  • Axiory offers free, multiple demo accounts in any of the 3 platforms with no expiry, so clients can continuously test their day trading strategies risk-free
  • The broker offers best-in-class charting platforms for both novices and serious day traders, including cTrader with over 50 technical indicators
  • Spreads are decent based on tests, coming in at 0.3 pips for EUR/USD, which is in line with some of the best low-cost forex brokers
  • A good range of accounts are available with just a $10 minimum deposit required and Islamic swap-free versions
  • The broker continues to improve its market coverage by introducing real stocks alongside stock CFDs
  • Diverse methods to buy crypto with fiat including e-wallets, SEPA, bank transfers and SWIFT
  • Save on fees and commissions with larger deposits
  • Choice of third-party wallets to store your tokens
  • Used by more than 3 million crypto investors
  • Straightforward to use for beginners
  • Loyalty bonuses with fee discounts
Cons
  • Although regulated in Belize and South Africa, Axiory doesn’t hold any top-tier licenses in Europe, the US or the Asia-Pacific region
  • Only USD and EUR are accepted as account base currencies, so many clients may have to pay conversion fees
  • The broker’s range of 150+ instruments is much smaller than the hundreds offered by most leading firms
  • It’s a shame that copy trading services are not offered for beginners or strategy providers
  • No iOS mobile app for iPhone and poor quality Android (APK) app
  • No direct crypto trading – clients must first purchase BTC or ETH
  • Poor selection of cryptocurrencies compared to competitors
  • High commissions from 2.93% for the highest tier account
  • User reviews reveal some quality issues
  • Limited wallet compatibility vs MetaMask
Awards
  • Excellence in Customer Service 2020 - International Investor Awards
  • Most Transparent Broker 2020 - International Investor Awards
  • Best Customer-Centric Forex Brand 2020 Award in Dubai - Global Brands Magazine
  • Best CEO in the Forex Brokerage Industry - 2020 Business Worldwide CEO Awards
Instruments
Forex, CFD indices, commodities Cryptos
Demo Account
Yes No
Minimum Deposit
$10 $30
Trading Platforms
  • MyAxiory App
  • MT4
  • MT5
  • cTrader
  • AutoChartist
  • Own
Payment Methods
Minimum Trade
0.01 Lots $30 to buy, $100 to sell
Regulator
IFSC Belize FinCEN, FINTRAC
Margin Trading
No No
STP Account
Yes No
ECN Account
Yes No
DMA Account
No 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
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes Android only
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
Stock Exchanges
Commodities
CFD Trading
Axiory offers a small range of 150+ CFDs covering major markets. There’s an excellent range of charting platforms on offer for short-term traders, including cTrader with 50 indicators and over 20 drawing tools. You can also easily track trends using Axiory’s Strike Indicator tool for MT4. CFD trading not offered
Leverage
1:1000
FTSE Spread
1.2
GBPUSD Spread
0.5
Oil Spread
0.05
Stocks Spread
N/A
Forex Trading
Axiory offers 60+ currency pairs with competitive floating spreads averaging 0.3 pips for EUR/USD. Very high leverage is available up to 1:1000, which will serve highly experienced investors, while the $10 minimum deposit will suit beginners. Forex trading not offered
GBPUSD Spread
0.5 pips
EURUSD Spread
0.2 pips
EURGBP Spread
0.7 pips
Assets
60+
Cryptocurrency
Crypto trading not offered Buy, hold and sell 16 crypto tokens including major players like BTC and ETH and lesser-known tokens such as LRC. Use a range of fiat currencies to buy the digital assets, including USD. Cryptos are stored in third-party wallets.
Spread
From 2.93% to 3.90%. Express fees of 0-5.00% also apply.
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DOGE
  • UNI
  • LINK
  • XTZ
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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