Azaforex and SolidECN 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 SolidECN 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 SolidECN: 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
SolidECN
Founded in 2020, SolidECN is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Stocks, Indices, Commodities, and CFDs to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Solid ECN is as high as 1:1000.
SolidECN at a Glance
- Founded Year: 2020
- Location: Saint Vincent and the Grenadines
- Minimum Deposit: No minimum Deposit (You may deposit as low as $1)
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT5 (Desktop, Web, Mobile)
- Account Types: Micro, Standard, ECN
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Perfect Money, Cryptocurrencies, Altcoins
- US Traders: Accepted
AZAforex vs SolidECN: Side By Side Comparison
Azaforex vs SolidECN: Features
AZAforex:
- Trading Instruments: Currencies – 51, Metals – 5, Commodities – 11, Indices – 12, Stocks – 149, Cryptocurrencies – 10, Binary Options – 49
- Trading Platforms: Mobius Trader 7, Desktop, Web, iOS, Android, Linux
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.0001 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot. Maximum Trade Size (Lot restriction per Ticket): 1000 Lots
- Funding Currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 5%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
SolidECN
- Trading Instruments: forex, metals, cryptocurrencies, commodities, energies, and indices.
- Trading Platforms: MT5, WebTrader
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 2 pips for the Micro account, $0 per lot for the Standard account, and $8 for the ECN account.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 100 Lots
- Funding Currencies: USD, BTC, USDT,LTC,USDC
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Trading Style Allowed: All including Scalping, hedging, and EA Trading.
- Stop Out Level (retail): 30%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
AZAforex vs SolidECN: 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)
SolidECN 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 0.0 pips
- Offers MT5 trading platforms (Desktop, Web, mobile version)
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Solid ECN Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
Final Thoughts:
Azaforex and SolidECN 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 both MT4 and MT5 trading platforms. On the other hand, SolidECN does not support MetaTrader MT4 trading platform. It uses the MT5 trading platform. The minimum deposit for Azaforex is $1, whereas the minimum deposit for SolidECN is $10. Additionally, the maximum leverage for Azaforex is 1000:1, while the maximum leverage for SolidECN is 1000:1.
Our score for Azaforex is 3.6, and for SolidECN, it is 4 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 not to use MT4, you may choose SolidECN.
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
