Axofa vs XM
Axofa Review 2023 | XM Review 2023 |
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4.3
Axofa is #6 in our CFD broker rankings. |
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4.4
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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. |
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms. |
Bonus Offer | |
10% Deposit Bonus | $50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service |
Promotions | |
Improve The Speed & Reliability Of Your Trades With The XM VPS |
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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." | "XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, Stocks, Indices, Commodities | Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$1 | $5 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
SVGFSA | ASIC, CySEC, DFSA, FSC |
Margin Trading | |
Yes | Yes |
Margin Rate | |
0.2% | |
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 | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS, Android & Windows |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$15 | |
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. | Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading. |
Leverage | |
1:1000 | 1:1000 |
FTSE Spread | |
NA | 1.5 pts (var) |
GBPUSD Spread | |
From 1.6 pips | 1.9 (var) |
Oil Spread | |
From 1.6 pips | 0.03 (var) |
Stocks Spread | |
NA | 0.002 (var) |
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. | XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors. |
Forex App | |
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today. |
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GBPUSD Spread | |
From 1.6 pips | 1.9 |
EURUSD Spread | |
From 1.6 pips | 1.6 |
EURGBP Spread | |
From 1.6 pips | 1.8 |
Assets | |
10+ | 55+ |
Currency Indices | |
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Cryptocurrency | |
Crypto trading not offered | XM offers crypto trading through CFDs. This means you can speculate on rising and falling prices with leverage. XM offers a good range of cryptocurrencies, including major tokens like Bitcoin. |
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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