Axofa vs AZAforex

Axofa vs AZAforex Comparison Table 2023
Axofa Review 2023 AZAforex Review 2023
4.3

Axofa is #8 in our CFD broker rankings.

2

AZAforex is #4 in our binary options broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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
  • 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
  • Range of crypto, e-wallet, credit/debit card and wire transfer options
  • 16 fiat and 6 crypto account base currencies
  • Loyalty bonuses and rebate program
  • Low minimum deposit of $1
  • Very high leverage up to 1:1000
  • Copy trading and PAMM account
  • Free VPS for VIP accounts
  • Demo account available
Cons
  • Unregulated broker
  • Lack of transparency around pricing
  • Limited verifiable information about the broker’s owners and background
  • Inconsistencies between international subsidiaries and website information
  • Unregulated broker reduces its safety score
  • Withdrawal fees for some payment methods
  • Limited educational content and resources
  • Some poor customer reviews
  • No MetaTrader access
Instruments
Forex, CFDs, Stocks, Indices, Commodities Stocks, CFD, Forex, Crypto, Binary Options
Demo Account
Yes Yes
Minimum Deposit
$1 $1
Trading Platforms
  • MT5
  • Own
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
  • USD
  • IDR
  • USD
  • THB
  • VND
  • UAH
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
  • BTC
  • BCH
  • DASH
  • ETH
  • LTC
  • USDC
  • USDT
  • XMR
  • XRP
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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