Gate.io vs Axofa

Gate.io vs Axofa Comparison Table 2023
Gate.io Axofa
2.3
4.3

Axofa is #9 in our CFD broker rankings.

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

Gate.io is an established crypto exchange, founded in 2013. The firm offers its native token, GateToken, alongside a vast range of crypto derivatives, NFTs, investment products and more. Gate.io is unregulated but has earned a strong reputation, with over 10 million active users.

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
"Gate.io will attract experienced traders looking for diverse crypto opportunities, NFTs and favorable trading fees. However we don't consider this exchange secure with little to no regulatory scrutiny." "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
  • 180+ crypto tokens available and 100+ crypto deposit methods
  • Lending and yield farming supported, plus an NFT marketplace
  • Unlike many exchanges, Gate.io offers a free demo account with virtual funds
  • Derivatives trading available with leveraged tokens up to x100 and spot contracts
  • A range of community and social features are available including a chat room, leaderboards and live streams
  • Wide range of educational resources aimed at various experience levels plus a Beginner's Zone with rewards
  • Gate.io wallet for crypto-asset storage
  • 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
  • Cluttered platform which may deter beginners
  • Unregulated exchange raises security concerns
  • Limited customer support methods
  • Daily withdrawal limits and fees
  • Fiat deposits are not accepted
  • No customers from the USA
  • Unregulated broker
  • Lack of transparency around pricing
  • Limited verifiable information about the broker’s owners and background
  • Inconsistencies between international subsidiaries and website information
Instruments
Spot and crypto derivatives Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes Yes
Minimum Deposit
$0 $1
Trading Platforms
  • Own
  • MT5
Payment Methods
Minimum Trade
$10 0.01 Lots
Regulator
SVGFSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No 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
Yes Yes
Mobile Apps
Yes (iOS & Android) iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
No
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 No
Account Currencies
  • USD
  • IDR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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
1:1000
FTSE Spread
NA
GBPUSD Spread
From 1.6 pips
Oil Spread
From 1.6 pips
Stocks Spread
NA
Forex Trading
Forex trading not offered 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
From 1.6 pips
EURUSD Spread
From 1.6 pips
EURGBP Spread
From 1.6 pips
Assets
10+
Cryptocurrency
Gate.io supports 180+ altcoins, with an impressive 670 assets that can be traded against USD, 89 BTC markets and 520 ETH markets. Active traders are favored with the tiered fee structure, paying as little as 0.055% for maker fees. Crypto trading not offered
Spread
Variable
Coins
  • GT
  • THETA
  • CNYX
  • USDT
  • USDT
  • ETH
  • BTC
  • BCH
  • BSV
  • ETH
  • ETC
  • EOS
  • XRP
  • LTC
  • ZEC
  • DASH
  • QTUM
  • QUTM_ETH
  • DOGE
  • OCN
  • BTM
  • TRX
  • ONT
  • BTG
  • BAT
  • SNT
  • BTM_ETH
  • CVC
  • REQ
  • RDN
  • KNC
  • LINK
  • THETA
  • SHIB
  • VET
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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Gate.io
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