Azaforex and Sway Markets 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 Sway Markets 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 Sway Markets: 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
Sway Markets
Founded in 2023, Sway Markets is an online forex and CFD broker. It is an unregulated forex broker that offers 100+ instruments including Forex, Cryptos, Metals, Indices, Stocks & Commodities. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Sway Markets is as high as 1:500.
Sway Markets at a Glance
- Founded Year: 2023
- Location: St Vincent & Grenadine
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: WebTrader, iOS, Android,Windows, MAC
- Account Types: VIP, ECN, No Commission, Islamic
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: BTC and USDT
- US Traders: Accepted
AZAforex vs Sway Markets: Side By Side Comparison
AZAforex vs Sway Markets: 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)
Sway Markets Pros & Cons
- The maximum leverage is as high as 1:500 ( Leverage may vary based on account types and tradable asset types, for example, Forex: 1:500, Indices: 1:200, Commodities: 1:200, Crypto: 1:100, Stocks: 1:10)
- Allow Crypto CFD Trading
- Offers 100+ trading instruments including 100+ trading instruments including Forex, Cryptos, Metals, Indices, Stocks & Commodities
- Raw spread starting from as low as 0.0 pips
- Offers its own platforms: Sway Charts, Sway Charts Pro
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Sway Markets Accepts Crypto Deposits
- Offers only its own trading platforms (Sway Charts). No other trading platforms are offered
Cons:
- Unregulated offshore forex broker
- Very limited deposit and withdrawal methods ( Cryptos and Skrill)
- A limited number of tradable assets
Final Thoughts:
Azaforex and Sway Markets 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, Sway Markets does not support the MetaTrader (MT4/MT5) trading platform. It uses WebTrader, iOS, Android,Windows, MAC trading platform. The minimum deposit for Azaforex is $1, whereas the minimum deposit for Sway Markets is $10. Additionally, the maximum leverage for Azaforex is 1000:1, while the maximum leverage for Sway Markets is 500:1.
Our score for Azaforex is 3.6, and for Sway Markets, it is 4.5 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,/MT5, you may choose Sway Markets.
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