Axofa vs ForexChief

Axofa vs ForexChief Comparison Table 2023
Axofa Review 2023	ForexChief Review 2023
Review 4.3 Axofa is #6 in our CFD broker rankings.	Review 3.3 ForexChief is #5 in our CFD broker rankings.
Traders from US accepted	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.	ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
Bonus Offer
10% Deposit Bonus	$100 No 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."	"ForexChief will prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The large welcome bonus and low starting deposit will also appeal to new traders."
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	High leverage up to 1:1000 is available A welcome deposit bonus is offered to new users The low minimum deposit of $10 will appeal to beginners 8 account types to suit different strategies and requirements Full range of investments including popular cryptos STP/ECN execution with low spreads from 0.0 pips Turnover rebates for active traders Copy trading solution with signals MT4 and MT5 integration Low margin rates
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	Weak regulatory oversight Limited market research Withdrawal fees on several payment methods
Instruments
Forex, CFDs, Stocks, Indices, Commodities	CFDs, Forex, Metals, Commodities, Stocks, Indices
Demo Account
Yes	Yes
Minimum Deposit
$1	$10
Trading Platforms
MT5	MT4 MT5
Payment Methods
Bitcoin Payments Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer	ADVcash Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Neteller Perfect Money Skrill UnionPay WebMoney Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVGFSA	VFSC
Margin Trading
Yes	Yes
Margin Rate
	0.1%
STP Account
Yes	Yes
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions. You can start copy trading in a few easy steps.
Social Trading
No	No
Trade Signals
	Yes
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
No	Yes
Account Currencies
USD IDR	USD EUR GBP JPY CHF
Stock Exchanges
Nasdaq S&P 500	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities
Gold Natural Gas Oil Palladium Platinum Silver	Gold Natural Gas Oil Silver
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.	ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. A clear pricing schedule is available to clients with no hidden charges. Traders can also access very high leverage up to 1:1000.
Leverage
1:1000	1:1000
FTSE Spread
NA	70
GBPUSD Spread
From 1.6 pips	0.9
Oil Spread
From 1.6 pips	12
Stocks Spread
NA	50
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.	ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.
GBPUSD Spread
From 1.6 pips	0.9
EURUSD Spread
From 1.6 pips	0.4
EURGBP Spread
From 1.6 pips	0.9
Assets
10+	40
Cryptocurrency
Crypto trading not offered	ForexChief supports crypto trading with five major digital currencies paired against the US dollar. Traders can bet on rising and falling prices with leveraged CFDs and market-leading trading software.
Spread
	Variable
Coins
	BTC BCH ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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