RoboForex vs Axofa

RoboForex vs Axofa Comparison Table 2024
RoboForex Axofa
4.5
3

Axofa is #8 in our CFD broker rankings.

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

RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active day 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 remains an attractive option, although the broker does not hold a reputable license.

RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Customer Reviews
3.5
Bonus Offer
$30 No Deposit Bonus 10% Deposit Bonus
Comment by Reviewer
"RoboForex is a good pick for traders looking for a vast range of day trading markets with ECN accounts, powerful charting platforms and loyalty promotions. Real stocks traders will also appreciate the R Stocks Trader terminal, with automated trading capabilities." "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 proprietary R Stocks Trader terminal rivals leading platforms like MT4, with netting and hedging capabilities, comprehensive backtesting, and Level II pricing
  • Automated trading is permitted in all platforms with user-friendly robot builders and strategy testing features
  • ECN and Prime accounts are available for active day traders looking for low fees and market execution
  • Fast account funding is available, with over 20 payment methods and minimum deposits from $5
  • There's a VPS server for experienced investors looking for 24/7 uninterrupted trading
  • Traders can get two free withdrawals each month, among other promotional deals
  • You can access commission-free trading on thousands of US stocks
  • 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
  • The demo account expires after only 90 days, which is more restricting than some competitors - OANDA's demo, for example, does not have a time limit
  • The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
  • The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+
  • 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
  • Best Global Mobile Trading App 2020 - Global Forex Awards B2B
  • Best Broker of the CIS 2019 - IAFT Awards
  • Best Investment Platform 2019 - IAFT Awards
  • Best Educational Forex-Center CIS 2019 - IAFT Awards
  • Best Stock Broker Asia 2019 - International Business Magazine Awards
  • Best Investment Products 2019 - Global Brands Magazine
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $1
Trading Platforms
  • R StocksTrader
  • MT4
  • MT5
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSC SVGFSA
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
No No
LAMM Account
Yes 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
iOS & Android, R StocksTrader iOS & Android
Android App Rating
4.4
iOS App Rating
4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
RoboForex offers a market-leading copy trading service for currency traders - CopyFX. The minimum investment is low at $100 and you retain control over your allocated funds. RoboForex also offers MetaTrader 4 MultiTerminal (Multi Account Manager), allowing traders to manage multiple accounts from one master solution.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes 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
  • USD
  • IDR
Stock Exchanges
Commodities
CFD Trading
There's a huge selection of 12000+ CFDs covering forex, stocks, indices, ETFs, commodities and futures. Micro lot trading is available and you can start with just $10 - ideal for beginners or traders on a budget. Additionally, the loyalty bonuses will serve seasoned day traders. 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
N/A NA
GBPUSD Spread
2 From 1.6 pips
Oil Spread
5.2 From 1.6 pips
Stocks Spread
0.1 NA
Forex Trading
RoboForex offers over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment. 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
2.0 From 1.6 pips
EURUSD Spread
1.4 From 1.6 pips
EURGBP Spread
1.6 From 1.6 pips
Assets
30+ 10+
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
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