AXOFA Review: Regulation, Spreads & Leverage
ECN/STP broker based in St. Vincent and the Grenadines. with MetaTrader4, a $100 minimum deposit and leverage up to 1:500*.
- ECN/STP
- 1:500* Leverage
Your money is at risk
In this AXOFA review
AXOFA overview: what kind of broker is it?
AXOFA is an ECN/STP forex and CFD broker based in St. Vincent and the Grenadines., founded in 2022. Financial Services Authority : FSA-859/2022.
Traders get MetaTrader4, spreads from 0.0 pips, leverage up to 1:500* and a low $100 minimum deposit. New clients can also check the current 10% Forex Deposit Bonus.
Tradable markets include Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, CFDs, Cryptocurrency.
AXOFA broker specifications
Company and regulation
| Broker | AXOFA |
|---|---|
| Regulated by | Financial Services Authority : FSA-859/2022 |
| Type of broker | ECN/STP |
| Country | St. Vincent and the Grenadines. |
| Foundation year | 2022 |
| Website | Visit AXOFA website |
| Website languages | English, Malay, Arabic, Vietnamese, Indonesian |
Trading conditions
| Minimum deposit | $100 |
|---|---|
| Maximum leverage | 1:500* |
| Minimum spreads | 0.0 pips |
| Base currencies | USD, EUR |
| Tradable instruments | Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, CFDs, Cryptocurrency |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | Yes |
Bonus and promotions
| Current promotion | 10% Forex Deposit Bonus |
|---|---|
| Welcome bonus | 10% Forex Welcome Bonus |
| Standard no deposit bonus | 5 USD Forex No Deposit Bonus |
Contact details
| Telephone | +44 730 8813 444 |
|---|---|
| support@axofa.com | |
| Fax | +44 730 8813 444 |
| Head office | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent dan Grenadine. Company Number : 1976. |
AXOFA bonus
AXOFA promotes a 10% Forex Deposit Bonus for new traders. It is a simple way to test the broker's MetaTrader4 execution, spreads and withdrawal process before you add more of your own money.
How to claim the AXOFA bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the AXOFA website before you claim.
AXOFA pros and cons
Pros
- Regulated: Financial Services Authority : FSA-859/2022
- 10% Forex Deposit Bonus for new traders
- Low $100 minimum deposit
- Spreads from 0.0 pips, ECN/STP execution
- MetaTrader4 on every device
- Islamic, mini, VIP and managed accounts
- 11 deposit and withdrawal methods incl. crypto
Cons
- Young brand (listed foundation year 2022)
- No MetaTrader 4 or cTrader
- Bonus comes with trading-volume rules
AXOFA account types
AXOFA offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $100 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | Yes |
AXOFA trading platforms
AXOFA runs on MetaTrader4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
AXOFA deposit and withdrawal methods
The same 11 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
E-wallets
Crypto
Is AXOFA safe and legit?
AXOFA is a regulated broker. Financial Services Authority : FSA-859/2022. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
AXOFA is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
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
Who should choose AXOFA?
Good fit for
- Traders who want MetaTrader4 and raw spreads
- Bonus hunters testing a new broker
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
- You prefer MT4 or cTrader
AXOFA FAQ
Is AXOFA regulated?
Yes. Financial Services Authority : FSA-859/2022.
What is the AXOFA minimum deposit?
The minimum deposit to open a live AXOFA account is $100.
Does AXOFA offer a bonus?
AXOFA currently promotes a 10% Forex Deposit Bonus for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at AXOFA?
Leverage goes up to 1:500*. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does AXOFA use?
AXOFA uses MetaTrader4, MetaTrader5, MultiTerminal, Mobile Trading, and More.
Does AXOFA offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.
How can I deposit and withdraw at AXOFA?
You can use Bank wire, Debit/Credit card, Advcash, Perfect Money, Binance, Bitcoin, Ethereum, Litecoin Tether, Skrill, Neteller and Sofort.