EagleFX vs Axofa

EagleFX vs Axofa Comparison Table 2023
EagleFX Review 2023 Axofa Review 2023
4.1
4.3

Axofa is #6 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.

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.

Bonus Offer
10% Deposit Bonus
Comment by Reviewer
"EagleFX is great for experienced traders looking for raw ECN spreads, high leverage and fast withdrawals. Beginners can also take advantage of the low $10 minimum deposit and round-the-clock support." "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."
Pros
  • Bitcoin funding
  • 24/7 customer support
  • Same-day withdrawals
  • High leverage up to 1:500
  • Easy sign-up process for beginners
  • Reliable trading platform and app in MT4
  • Full range of investments including cryptos
  • 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
Cons
  • Weak regulation
  • No copy trading platform
  • No negative balance protection
  • Limited education and market research
  • Unregulated broker
  • Lack of transparency around pricing
  • Limited verifiable information about the broker’s owners and background
  • Inconsistencies between international subsidiaries and website information
Awards
  • FX Broker With Best Withdrawal Options 2020
  • Best ECN/STP Broker 2020
  • Best Forex Broker 2020
Instruments
Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $1
Trading Platforms
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA
Margin Trading
Yes Yes
STP Account
Yes Yes
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
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MT4
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • IDR
Stock Exchanges
Commodities
CFD Trading
Access CFDs spanning several key markets, with tight spreads and reasonable commissions at $6 per round turn. High leverage up to 1:500 is available alongside 24/7 support, plus rapid deposits and withdrawals. 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.
Leverage
1:500 1:1000
FTSE Spread
0.77 NA
GBPUSD Spread
1.3 From 1.6 pips
Oil Spread
0.09 From 1.6 pips
Stocks Spread
Variable NA
Forex Trading
Go long or short on over 50 forex pairs from majors to exotics, with spreads as low as 0.1 pips. Traders can analyze the currency markets with market-leading trading software and charts from MetaTrader 4. 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.
GBPUSD Spread
1.3 From 1.6 pips
EURUSD Spread
0.7 From 1.6 pips
EURGBP Spread
1.4 From 1.6 pips
Assets
55 10+
Cryptocurrency
A strong range of cryptocurrencies are available with 35+ tokens and weekend trading. You can also make convenient Bitcoin deposits within minutes with no transfer fees. Crypto trading not offered
Spread
Floating
Coins
  • BCH
  • BTC
  • DASH
  • EOS
  • BIT
  • ETP
  • LTC
  • BTC
  • OMG
  • ZEC
  • USDT
  • BCH
  • ETP
  • QTUM
  • XMR
  • DOT
  • ETC
  • IOS
  • NEO
  • SAN
  • ZRX
  • EDO
  • ETH
  • IOT
  • NEO
  • SAN
  • XRP
  • BTG
  • EDO
  • ETH
  • OMG
  • TRX
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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