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AXOFA

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://axofa.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
AXOFA-MetaTrader5 MT5
Server Location Russia

Contact

+44 730 8813 444
support@axofa.com
https://axofa.com
27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 730 8813 444

Broker Information

More

Company Name

AXOFA Markets LLC

Company Abbreviation

AXOFA

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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AXOFA · Company Summary

AXOFA 4040773012

Basic Information
Registered Countries Saint Vincent and the Grenadines
Regulation No License
Company Name AXOFA Limited
Minimum Deposit $1
Maximum Leverage 1:1000
Minimum Spread From 0.0 pips
Trading Platform MT5 trading platform
Trading Assets Forex, Commodities, Indices
Payment Methods VISA, MasterCard, Local Exchanger, and more
Customer Support Email Phone, Online Chat Support

General Information

AXOFA is a forex broker registered in Saint Vincent and the Grenadines, providing access to a massive financial market. With the AXOFA platform, three trading accounts are available, with the lowest required opening deposit being just $1, and traders can employ a maximum leverage of 1:500 on their positions. However, when it comes to regulatory information, AXOFA disappoints us as it is not authorized or regulated by any regulatory authority.

Account Types

Cent accounts, BIMAX accounts, and PELOW accounts are the available options for traders. All account types have a $1 minimum deposit, making them accessible to both novice and experienced traders.

Margin Call: 100%, Stop Out: 20%.

account-type

Demo Accounts

With AXOFA's demo account, prospective traders can test out different trading strategies to trading without putting their own money at danger, resulting in a more relaxed trading experience.

Spreads & Commissions

Trading accounts set the commissions and spreads. Trades in the Cent and Bimax accounts are commission-free, and spreads start at 1.6 pips on average, whereas trades in the Pelow account start at 0.0 pips but cost $3.5 per lot to open.

Leverage

Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while AXOFA enables its clients to use leverage of up to 1:1000. This is significantly greater than the limits judged appropriate by many regulators.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Trading Platform

The MT5 trading platform, widely regarded as the best in the business, is available through AXOFA, which can be accessed on Windows, MacOS, IOS, Android.

Payment Methods

Customers can use the following deposit and withdrawal options with a minimum $1 deposit including VISA, MasterCard, Local Exchanger, and more.

payment-methods

However, AXOFA is vague about the time required to process withdrawals and the associated fees.

Customer Support

Contact this broker using the following methods if you have any questions or problems with your trading:

Online Chat

Telephone: +44 730 8813 444

Email: support@axofa.com

Company Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and Grenadine.

Or you can also follow this broker on Facebook, Twitter, and Youtube.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

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User comment

4

Comments

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FX2029213803
6-12months
So far this broker is good to the user. Deposit and withdraw in these 1 years is so fast. No other issue found. Bonus are incredible and also chart is not like other broker that is very smooth here. Hope you guys much become better in the future 👍
2023-03-05 12:48
Reply
0
0
Kresna6351
6-12months
I really like this New Broker, with very good service, fast withdrawals and deposits, very comfortable to use
2023-03-05 10:10
Reply
0
0
心里小 ╯ε╰糾結
more than one year
I love this young broker. It is beginner friendly, offering generous leverage up to 1:1000. I have been trading with it two months, and everything goes well so far. I am telling more of my friends to give it a try.
2023-02-22 09:22
Reply
0
1
彬斌
more than one year
I see that this company has no minimum deposit requirement, which is still kind. With its 1:1000 leverage, maybe I can try foreign exchange with very little money!
2022-12-16 17:01
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0
0
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