Axofa vs ForexChief
Axofa Review 2023 | ForexChief Review 2023 |
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4.3
Axofa is #6 in our CFD broker rankings. |
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3.3
ForexChief is #5 in our CFD 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. |
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 | |
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Cons | |
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Instruments | |
Forex, CFDs, Stocks, Indices, Commodities | CFDs, Forex, Metals, Commodities, Stocks, Indices |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | $10 |
Trading Platforms | |
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Payment Methods | |
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 | |
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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. | 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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Axofa vs |
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