Axofa vs Infinox

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

Axofa vs INFINOX Comparison Table 2024
Axofa INFINOX
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3
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3.4
Axofa is ranked #55 among CFD brokers. INFINOX is ranked #76 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. Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.
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
  • The advanced IX Exchange will serve active traders with sophsticated analysis tools
  • A well-rounded broker with a choice of pricing models, platforms, apps and accounts
  • The copy trading service and zero minimum deposit make Infinox suitable for beginners
  • FCA is a tier-one regulator boosting the broker's trust and security score
  • Multiple account currencies serving global traders
  • No inactivity fee to deter casual traders
  • Low starting deposit of just £1
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
  • Market research is less insightful and frequent than competitors
  • No weekend customer support
Awards
  • Best Forex Broker For Long Term Trading 2022
  • Best Forex Copy Trading Platform Africa 2021
  • Best Trading Account Margin Rates 2020
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, Stocks, Indices, Commodities Forex, CFDs, Indices, Shares, Commodities, Futures
Demo Account
Yes Yes
Minimum Deposit
$1 £1
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA FCA, SCB, FSCA
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 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
Yes Yes
DMA Account
No Yes
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
With IX Social (Infinox social trading), you can automatically replicate the trades of the best investors. On the negative side, the usability and choice of master traders lags behind competitors like eToro.
Social Trading
No Yes
Trade Signals
MQL4 & MQL5
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • IDR
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
Commodities
  • Gold
  • Silver
  • Palladium
  • Platinum
  • Oil
  • Natural Gas
  • Gold
  • Silver
  • Oil
  • Copper
  • Natural Gas
  • Cotton
  • Cocoa
  • Soybeans
  • Sugar
  • Wheat
  • Coffee
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, commodities and indices with tight spreads and leverage limited to the FCA-sanctioned maximum of 1:30. Infinox traders benefit from lightning-fast execution speeds and a choice between STP and ECN pricing, making this a flexible option for beginner and serious traders.
Leverage
1:1000 1:30 (UK), 1:200 (Global)
FTSE Spread
NA 0.9
GBPUSD Spread<
From 1.6 pips 0.4
Oil Spread
From 1.6 pips 0.06
Stocks Spread
NA 0.02 USD
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 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies.
Assets
10+ 45+
GBPUSD Spread
From 1.6 pips 0.4
EURUSD Spread
From 1.6 pips 0.3
EURGBP Spread
From 1.6 pips 0.3
Currency Indices
  • USD
Axofa INFINOX
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