Azaforex and FXSway are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review Azaforex and FXSway by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
Azaforex vs FXSway: In a Nutshell
AZAforex
Founded in 2020, AZAforex is an online forex and CFD broker. It is an offshore forex broker that offers Cryptocurrencies, indices, and commodities trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of AZAforex is as high as 1:1000.
AZAforex at a Glance
- Founded Year: 2016
- Headquarters: Marshall Islands
- Minimum Deposit: No minimum Deposit (You may deposit as low as $1)
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MobiusTrader 7
- Account Types: Standard, Pro and VIP Account
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options:Bitcoin, Ethereum, Bitcoin Cash BCH,Dashcoin DASH,Tether USD,USD Coin,Monero XMR,Ripple XRP
- US Traders: Accepted
FXSway
Founded in 2021, FXSway is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Crypto, Stocks, Indices, and Commodities to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of FxSway is as high as 1:500.
FxSway at a Glance
- Founded Year: 2021
- Headquarters: Saint Vincent and the Grenadines
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: TradeLocker (Desktop, Web, Mobile)
- Account Types: Standard, Var, Pro, Mini
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Cryptocurrencies ((BTC, ETH, XRP, LTC, DOGE & USDT)
- US Traders: Accepted
AZAforex vs FXSway: Side By Side Comparison
AZAforex vs FXSway: Pros and Cons
AZAforex Pros & Cons
- No Minimum Deposit – You may deposit as low as $1
- Allow Crypto CFD Trading
- Offers leverage as high as 1:1000
- Very tight spreads starting from 0.00001 pips
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- AZAforex Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
- No MT4/MT5 offer ( Only Mobius Trader 7 (MT7) is offered)
FXSway Pros & Cons
- Low Minimum Deposit - Starting from $10
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- FxSway Accepts Crypto Deposits
Cons:
- Unregulated offshore Forex Broker
- Only Crypto Deposit and withdrawals are available
- Meta Traders (MT4/MT5) are not available. Only TradeLocker is offered
Final Thoughts:
Azaforex and FXSway are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, Azaforex supports Mobius Trader 7 trading platforms. On the other hand, FXSway does not support MetaTrader (MT4/MT5) trading platform.It uses the Tradelocker trading platform. The minimum deposit for Azaforex is $1, whereas the minimum deposit for FXSway is $10. Additionally, the maximum leverage for Azaforex is 1000:1, while the maximum leverage for FXSway is 500:1.
Our score for Azaforex is 3.6, and for FXSway, it is 4.3 So, If you are looking for a high-leverage offshore broker with Mobius Trader 7 trading platform you may choose Azaforex. However, if you prefer TradeLocker trading platform, you may choose FXSway.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
