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
3	2.3
Axofa is ranked #53 among CFD brokers.	FXPrimus is ranked #85 among CFD brokers.
Review	Review
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
Credit Cards Debit Card Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards ecoPayz emerchantpay FasaPay Mastercard Neteller Skrill Visa Wire Transfer
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
Android App Rating
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
Review	Review
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