Axofa vs AZAforex
Axofa Review 2023 | AZAforex Review 2023 |
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4.3
Axofa is #8 in our CFD broker rankings. |
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2
AZAforex is #4 in our binary options broker rankings. |
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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. |
AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS. |
Bonus Offer | |
10% Deposit Bonus | |
Comment by Reviewer | |
"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." | "AZAforex is best for active forex traders looking for ECN pricing with high leverage up to 1:1000 and a sophisticated trading platform." |
Pros | |
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Cons | |
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Instruments | |
Forex, CFDs, Stocks, Indices, Commodities | Stocks, CFD, Forex, Crypto, Binary Options |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.00001 Lots |
Regulator | |
SVGFSA | |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | No |
ECN Account | |
Yes | Yes |
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 | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
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. | Trade 200+ CFDs with leverage up to 1:1000 on a powerful proprietary platform. Asset classes include stocks, forex and crypto with ECN execution. You can bet on rising and falling prices with leveraged CFDs. |
Leverage | |
1:1000 | 1:1000 |
FTSE Spread | |
NA | Variable |
GBPUSD Spread | |
From 1.6 pips | Variable |
Oil Spread | |
From 1.6 pips | Variable |
Stocks Spread | |
NA | Variable |
Forex Trading | |
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. | Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform. |
GBPUSD Spread | |
From 1.6 pips | Variable |
EURUSD Spread | |
From 1.6 pips | Variable |
EURGBP Spread | |
From 1.6 pips | Variable |
Assets | |
10+ | 72 |
Cryptocurrency | |
Crypto trading not offered | Invest in 10 popular cryptos such as Bitcoin and Ethereum. A choice of six crypto account base currencies are available plus a welcome bonus for new traders. |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Binary options trading not offered | AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument. Over 50 binary options are available with a $1 minimum stake and payouts up to 190%. |
Payout | |
190% | |
Ladder Options | |
No | No |
Boundary Options | |
No | No |
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More Comparisons | |
Axofa vs |
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