10TradeFX vs Axofa

10TradeFX or Axofa – which is better for UK traders 2024? Compare 10TradeFX and Axofa in this detailed breakdown of their platforms, features and fees.

10TradeFX vs Axofa Comparison Table 2024

10TradeFX	Axofa
2.8	3
10TradeFX is ranked #97 among CFD brokers.	Axofa is ranked #55 among CFD brokers.
Review	Review
10TradeFX is an offshore regulated forex and CFD broker. The brand offers MetaTrader platform integration with spreads as low as 0.1 pips. The broker offers true STP and ECN execution. The low minimum deposit, social trading and funded trader account programme makes 10TradeFX appealing to new 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.
Pros
I appreciate the flexible access to the MetaTrader 5 web and mobile platforms as well as TradingView charting and copy trading functionality There are some diverse and popular asset classes on offer including forex, stocks, crypto and NFTs I'm a fan of the comprehensive learning academy backed by London’s Association of Trading & Investment (ATI) I like that traders can benefit from the Funded Trader program with up to $500,000 account size and 70% profit split	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
I'm disappointed that the broker is regulated offshore by the Seychelles Financial Services Authority (SFSA) and is not overseen by any top-tier authority I don't like how limited the shares offering is at 10TradeFX, putting them low in my rankings for market availability	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
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	Forex, CFDs, Stocks, Indices, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$50	$1
Payment Methods
Neteller Skrill Wire Transfer	Credit Cards Debit Card Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SFSA	SVGFSA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	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
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	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
Yes	No
Account Currencies
USD	USD IDR
Commodities
Silver Oil	Gold Silver Palladium Platinum Oil Natural Gas
CFD
10TradeFX offers 200+ CFDs available to trade on the MT5 terminal. This is a relatively small range compared to most competitors I've reviewed. That said, the minimum deposit requirement to get started is only $50, which is great news for beginners.	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
1:600	1:1000
FTSE Spread
200	NA
GBPUSD Spread<
1.5	From 1.6 pips
Oil Spread
20	From 1.6 pips
Stocks Spread
29	NA
Forex
My tests uncovered an average range of 40+ major, minor and exotic currency pairs with spreads as low as 0.1 pips and leverage up to 1:500. I like that the broker offers flexible contract sizes between 0.01 and 1 lot.	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.
Assets
39	10+
GBPUSD Spread
1.5	From 1.6 pips
EURUSD Spread
1.5	From 1.6 pips
EURGBP Spread
1.5	From 1.6 pips
Cryptocurrency
There are 10+ crypto instruments available, including Bitcoin, Ethereum and Litecoin. Again, this is pretty limited for active crypto traders but I am glad to see some popular altcoins available 24/7 including Polkadot and Chainlink.
Spread
Variable
Coins
BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
10TradeFX	Axofa
Review	Review
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