What is AXOFA?
Broker overviewAXOFA is an ECN / STP forex broker founded in 2022 and based in St. Vincent and the Grenadines.. It offers foreign exchange (fx), commodities, indices, shares/stocks, cfds, cryptocurrency on MetaTrader4, MetaTrader5, MultiTerminal, Mobile Trading, and More.
AXOFA is regulated by Financial Services Authority : FSA-859, 2022. Its listed office is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent dan Grenadine. Company Number : 1976..
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the AXOFA bonus offers, and who the broker suits best.
- ✓Regulated since 2022 by Financial Services Authority : FSA-859, 2022, with segregated client funds.
- $Cost to start: $100 minimum deposit and spreads from 0.0 pips.
- ⚡Flexible trading: leverage up to 1:500*, hedging, scalping and news trading allowed.
- %Bonus: 10% Forex Welcome Bonus and a no deposit bonus.
Our short verdict
AXOFA stands out for strong multi-regulation, an affordable $100 minimum deposit and tight spreads from 0.0 pips. The main thing to watch: very high 1:500* leverage greatly increases the risk of loss.
More about AXOFA
Registered Address
AXOFA LTD (UK) : 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX. Company Number : 13744360
AXOFA Markets LLC (SVG) : Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent dan Grenadine. Company Number : 1976
Is AXOFA safe and regulated?
AXOFA is supervised by 2 authorities. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| Financial Services Authority : FSA-859 | — | Licence listed for this broker. |
| 2022 | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which AXOFA company will hold your account, because protection levels can differ between regions.
AXOFA account types and trading conditions
These are the main trading conditions listed for AXOFA. It offers Islamic, mini, VIP, managed accounts.
| Feature | AXOFA |
|---|---|
| Minimum deposit | $100 |
| Minimum spreads | 0.0 pips |
| Max leverage | 1:500* |
| Execution | ECN / STP |
| VIP accounts | Yes |
| Mini accounts | Yes |
| Swap-free (Islamic) | Yes |
| Managed accounts | Yes |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
AXOFA trading platforms
AXOFA supports MetaTrader4, MetaTrader5, MultiTerminal, Mobile Trading, and More. MetaTrader 4 remains the favourite for forex and Expert Advisors. MetaTrader 5 adds more timeframes and better access to stocks and other non-forex markets.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, CFDs, Cryptocurrency. The website is available in English, Malay, Arabic, Vietnamese, Indonesian.
AXOFA deposit and withdrawal methods
AXOFA accepts these deposit methods:
- Bank wire
- Debit/Credit card
- Advcash
- Perfect Money
- Binance
- Bitcoin
- Ethereum
- Litecoin Tether
- Skrill
- Neteller
- Sofort
Withdrawals use the same methods as deposits.
Accounts can be held in USD, EUR. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
AXOFA bonus and promotions
These are the promotions listed for AXOFA:
Promotion offered by AXOFA. Check the broker's terms for trading volume and withdrawal conditions.
AXOFA's welcome offer for new clients. Check the broker's terms for trading volume and withdrawal conditions.
AXOFA no deposit bonus: AXOFA lists a no deposit bonus: 5 USD Forex No Deposit Bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
AXOFA pros and cons
Pros
- Regulated by Financial Services Authority : FSA-859, 2022 (since 2022)
- Affordable $100 minimum deposit
- Spreads from 0.0 pips
- MT4, MT5 trading
- Hedging and scalping allowed
- News trading allowed
- Islamic, mini, VIP, managed accounts
Cons
- Very high 1:500* leverage greatly increases the risk of loss
- Trading terms can differ by region and group entity
- CFD trading carries a high risk of losing money
How to open an AXOFA account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $100 and opt in to the promotion if your region qualifies.
- Start tradingLog in to MT4, MT5. Practise first on a free demo account.
AXOFA customer support and contact
These are the contact details we have on file for AXOFA:
AXOFA review FAQ
Is AXOFA a regulated broker?
What is the AXOFA minimum deposit?
Does AXOFA offer a no deposit bonus?
What is the maximum leverage at AXOFA?
Which platforms does AXOFA support?
Is AXOFA good for beginners?
Final verdict: should you trade with AXOFA?
AXOFA scores 4.4 out of 5 in our review. Its strongest points are strong multi-regulation, an affordable $100 minimum deposit and tight spreads from 0.0 pips. Keep in mind: very high 1:500* leverage greatly increases the risk of loss; trading terms can differ by region and group entity.
If you want to start without your own money, AXOFA's no deposit bonus is worth a look. Compare it with other options on our best forex brokers page before deciding.