Axofa vs FXPrimus

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

Axofa vs FXPrimus Comparison Table 2024
Axofa FXPrimus
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Axofa is ranked #54 among CFD brokers. FXPrimus is ranked #63 among CFD brokers.
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. FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
Pros
  • 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
  • Choice of MT4, MT5 and cTrader platforms gives traders great flexibility
  • Reputable broker with years of awards makes FXPrimus a credible broker
  • High leverage available up to 1:1000, or 1:500 on the higher-tier raw spread account
  • Copy trading support through a PAMM function allows beginner or time-poor traders to earn money from experienced pros
  • Good range of account types with a $15 minimum deposit on the cent account through to an achievable $1000 minimum for the PrimusZERO account
  • Excellent range of accepted funding methods with 12 accepted currencies, e-wallet and international banking options, and fees covered by the broker
Cons
  • 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
  • Relatively small range of assets, with just 45+ forex pairs
  • High $8 MT5/$10 MT4 commissions on the Primus Pro account
  • This broker does not accept traders from the US
Awards
  • Most Trusted Broker South East Asia & Africa 2020 - International Investor Magazine
  • Best Forex Broker South East Asia 2020 - Finance Derivative
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, Stocks, Indices, Commodities CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities, Bonds
Demo Account
Yes Yes
Minimum Deposit
$1 $15
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA CYSEC, MIFID, ICF, FCA, BaFin, VFSC
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
Yes Yes
cTrader
No Yes
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
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
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
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Replicate the success of other traders via the cTrader platform or the FXPrimus MAM solution. Traders retain control over their capital and can get started in a few easy steps.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • IDR
  • USD
  • EUR
  • GBP
  • ZAR
  • SGD
  • PLN
Commodities
  • Gold
  • Silver
  • Palladium
  • Platinum
  • Oil
  • Natural Gas
  • Gold
  • Silver
  • Platinum
  • Oil
  • Gasoline
  • Natural Gas
CFD
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. Trade CFDs on forex, stocks, metals, energies, cryptos and indices with high leverage up to 1:1000 on major currency pairs, 1:200 on metals, 1:100 on indices, 1:33 on stocks and energies, and 1:5 on cryptocurrencies. The range of 200+ instruments is not the biggest on the market, but the variety of asset classes provides flexible trading options for most traders.
Leverage
1:1000 1:1000
FTSE Spread
NA From 0.1
GBPUSD Spread<
From 1.6 pips From 0.1
Oil Spread
From 1.6 pips From 0.1
Stocks Spread
NA Variable
Forex
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. Trade on 45+ majors, minors, crosses and exotics, with competitive pricing, ultra-fast execution and no requotes. Newer traders can access zero-commission trading. Experienced forex traders can operate with no trading restrictions and benefit from an ECN account and a VPS service.
Assets
10+ 45
GBPUSD Spread
From 1.6 pips From 0.1
EURUSD Spread
From 1.6 pips From 0.1
EURGBP Spread
From 1.6 pips From 0.1
Cryptocurrency
Trade a small selection of CFDs on crypto tokens in USD pairs. While the selection of cryptocurrencies is very limited, the 1:5 maximum leverage is higher than many similar brokers, making this a decent option for forex traders to dip into if not for dedicated crypto traders.
Spread
Floating
Coins
  • BTC
  • DSH
  • ETH
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Axofa FXPrimus
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