Exness vs Axofa

Exness vs Axofa Comparison Table 2024
Exness Axofa
4.2
3

Axofa is #8 in our CFD broker rankings.

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

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

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 remains an attractive option, although the broker does not hold a reputable license.

Customer Reviews
4
Bonus Offer
10% Deposit Bonus
Comment by Reviewer
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software." "Axofa could be a good option for clients looking for social trading features alongside the MT5 platform. The low entry requirements and ECN spreads are particularly promising, but the lack of transparency and respected regulatory oversight raises security concerns."
Pros
  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
  • There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
  • Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • Highly competitive spreads are available from 0.1 pips and low commissions from $3.50 per side
  • There's excellent 24/7 multilingual customer support via telephone, email and live chat
  • Local payments are available, plus deposits in BTC and USDT
  • Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees
  • The broker offers fast execution speeds for short-term traders, averaging under 25ms
  • There's a proprietary social/copy trading service for beginners looking to follow successful strategies and for experienced traders looking to sell their strategies
  • Axofa offers the MetaTrader 5 platform which will particularly serve intermediate to experienced traders looking for advanced charting tools
  • The broker offers a range of local payment methods, especially for clients in Asia, as well as crypto deposits
  • Low ECN spreads are available from 0.0 pips, plus reasonable commissions at $3.50 per side
  • The $1 minimum deposit across all 3 accounts will appeal to novices and those on a budget
Cons
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • Unlike most competitors, Exness doesn't provide its own education section
  • There is a lack of transparency around pricing and account conditions, which significantly reduces the trust score
  • Our team found inconsistencies between international subsidiaries and website information
  • There is limited verifiable information about the broker’s owners and background
  • The offshore operations and lack of any regulatory oversight is a major concern
Awards
  • Most People-Centric Broker at Traders Summit 2022
  • Global Broker of the Year at Traders Summit 2022
  • Best Customer Support Award at Financial Markets Expo Cairo 2021
  • Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  • Most Innovative Broker at Dubai Expo 2021
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $1
Trading Platforms
  • Exness Trade App
  • MT4
  • MT5
  • TradingCentral
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA, CySEC, FCA, FSCA, FSC, CBCS SVGFSA
Margin Trading
Yes Yes
STP Account
No 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
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.3
iOS App Rating
4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
Yes 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
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • NGN
  • THB
  • VND
  • UAH
  • USD
  • IDR
Stock Exchanges
Commodities
CFD Trading
Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal. CFDs are available on popular asset classes with a competitive $1 minimum deposit. The MT5 integration will allow serious short-term traders to utilize the vast library of technical tools, bots and indicators, but the lack of any CFD trading education puts the broker behind many alternatives.
Leverage
1:2000 1:1000
FTSE Spread
15.1 NA
GBPUSD Spread
0.1 From 1.6 pips
Oil Spread
1.0 From 1.6 pips
Stocks Spread
0.7 NA
Forex Trading
An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news by FXStreet. Axofa offers a decent range of 50+ forex pairs with raw spreads from 0.0 pips. Very high leverage up to 1:1000 and commission-free forex trading is available. With that said, the broker is not particularly transparent when it comes to account conditions and fees.
GBPUSD Spread
0.1 From 1.6 pips
EURUSD Spread
0.0 From 1.6 pips
EURGBP Spread
0.4 From 1.6 pips
Assets
97 10+
Cryptocurrency
There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account. Trading is available via desktop or mobile apps, and deposits via crypto are also available in some countries. Crypto trading not offered
Spread
Floating
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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