Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull Markets and Axi are two reputable online brokers with distinct features that cater to traders. Founded in 2014, BlackBull Markets operates privately and is not listed on any stock exchange, nor is it a bank. It holds one Tier-1 license, indicating a level of high trust, though it has no Tier-2 licenses. With a ForexBrokers.com Trust Score of 78, it is deemed as having average risk. This makes it a viable choice for those who weigh the balance between startup potential and standard industry trustworthiness.
Axi, established in 2007, also operates as a private company and is not a bank. Unlike BlackBull, it holds two Tier-1 licenses and one Tier-2 license, enhancing its credibility in the market. Axi's ForexBrokers.com Trust Score stands at 82, indicating a high trust level. This positions Axi as a more trusted platform according to industry ratings, appealing to those who prioritize assurance and regulatory oversight in their trading experience.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Year Founded | 2014 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing BlackBull Markets to Axi, it's essential to consider their commissions and fees to find which platform suits your trading needs. BlackBull Markets offers three different account types, providing flexibility depending on the trader's preferences and trading volume. The Prime account, with a competitive average spread of 0.16 for EUR/USD, is particularly appealing. However, it requires a $2,000 minimum deposit and a commission of $6 per round turn. The Standard account is commission-free and has no minimum deposit, though the spreads are higher. For more active traders, BlackBull offers an ECN Institutional account, which requires a $20,000 deposit and reduced commission rates of $4 per round turn.
In contrast, Axi does not provide specific average spread data, making direct comparison of costs difficult. Despite this, BlackBull Markets earns a higher rating of 4.5 stars for commissions and fees, ranking 18th out of 63 brokers according to ForexBrokers.com. Axi, on the other hand, holds a 4-star rating and is ranked 43rd in the same category. This signifies that while both brokers offer satisfactory services, BlackBull Markets may provide slightly better value for the cost-conscious trader.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering online brokers for your investment needs, BlackBull Markets stands out with its expansive array of options. It boasts an impressive 26,000 tradeable symbols, significantly eclipsing Axi's offering of 175. For forex enthusiasts, BlackBull Markets provides access to 72 forex pairs, compared to Axi's 65. Both brokers offer CFD trading for forex and cryptocurrency derivatives, although neither provides the option to buy actual cryptocurrencies. Uniquely, BlackBull Markets allows for the trading of exchange-traded securities on U.S. and international exchanges, enabling clients to invest directly in companies like Apple and Vodafone, a feature Axi doesn't support.
Additionally, both brokers facilitate copy trading, which can appeal to those looking to mirror successful investment strategies. BlackBull Markets excels in the range of investments, earning a top rating of 5 stars compared to Axi's 3.5 stars. This broad selection has positioned BlackBull Markets as the 6th highest-ranked broker in the Range of Investments category by ForexBrokers.com, significantly ahead of Axi, which sits at 56th among 63 brokers. For investors seeking diverse market access, BlackBull Markets presents a compelling option.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 175 |
| Forex Pairs (Total) | 72 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
BlackBull Markets and Axi both offer a comprehensive range of trading platforms and tools designed to cater to traders of different experience levels. Both brokers provide simulated trading options through free virtual demo accounts, allowing users to practice without financial risk. While neither broker has developed an in-house trading platform, they both support popular choices such as MetaTrader 4 (MT4) and web-based platforms. BlackBull Markets extends its offering with MetaTrader 5 (MT5), while Axi does not provide this option. Additionally, both brokers facilitate copy trading and ZuluTrade for expanded trading opportunities.
When it comes to charting and interface customization, BlackBull Markets and Axi demonstrate disparities. BlackBull Markets offers 60 drawing tools compared to Axi's 15, which may benefit charting strategies for some traders. Axi, however, provides one additional column for watch lists, offering slightly more flexibility in that aspect. Despite their differences, both brokers enable trading directly from stock charts. In overall ratings, BlackBull Markets scores a commendable 4 stars for its trading platforms and tools, ranking 29th out of 63 brokers, while Axi holds a 3.5-star rating and ranks 63rd, suggesting room for improvement in its offerings.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both BlackBull Markets and Axi offer comprehensive solutions for iPhone and Android users. They provide essential features like stock or forex price alerts and the ability to draw trendlines on charts. BlackBull Markets excels with its synchronization capabilities, allowing users to sync watchlists across mobile and online accounts, a feature Axi lacks. Both platforms offer 30 technical studies for chart analysis, and traders can view charts across multiple time frames including daily, weekly, and intraday. A key difference, however, is that BlackBull Markets automatically saves chart drawings, a convenience Axi does not offer.
For traders interested in creating watchlists with real-time quotes, both brokers come equipped with this feature. However, in terms of user ratings, BlackBull Markets edges out with a 4-star rating compared to Axi's 3.5 stars. According to ForexBrokers.com, BlackBull Markets holds a stronger position, ranking #31 out of 63 brokers in the Mobile Trading Apps category, while Axi trails at #59. This suggests that BlackBull Markets may provide a slightly more user-friendly mobile trading experience overall, with features that enhance trading activity on the go.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets and Axi cater differently to traders looking for insightful market research. BlackBull Markets stands out by providing daily market commentary, keeping users informed on market trends, although it does not carry forex news from top-tier sources like Bloomberg or Reuters. Both BlackBull Markets and Axi offer technical analysis tools from Autochartist, but neither partner with Trading Central. For traders interested in market sentiment, both brokers supply tools showing the ratio of long or short positions across various instruments.
In terms of economic updates, both BlackBull Markets and Axi offer economic calendars depicting upcoming global news events. However, neither collaborates with TipRanks or Acuity Trading for additional market research tools. When rated for research quality, BlackBull Markets takes a lead with four stars compared to Axi's three. According to ForexBrokers.com's research rankings, BlackBull Markets earns the 18th spot out of 63 brokers, while Axi ranks at 55th, highlighting a significant difference in their standings.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at BlackBull Markets and Axi, both online brokers provide a wealth of materials to help newcomers to forex and CFDs trading. They each offer a wide selection of educational content, including articles, videos, and webinars focusing on forex and CFDs topics. Additionally, both brokers conduct online educational webinars at least once a month, making it easy for beginners to learn actively through live sessions. However, only BlackBull Markets provides a searchable archive of recorded webinars, offering more flexibility for those who wish to revisit past sessions.
Focusing on video content, BlackBull Markets and Axi both cater to beginners with at least 10 videos dedicated to entry-level trading topics. While both brokers also offer an extensive investor dictionary with over 50 defined investing terms, BlackBull Markets stands out by offering advanced educational videos for experienced traders, a feature that Axi does not provide. This comprehensive approach to education earns BlackBull Markets a higher rating of four stars compared to Axi's three stars in education, even though Axi is ranked slightly higher in the Education category on ForexBrokers.com, standing at #27 compared to BlackBull Markets' #29 out of 63 brokers.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Axi. BlackBull Markets finished with an overall rank of #24, while Axi finished with an overall rank of #49.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 82 |
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Both BlackBull Markets and Axi do not provide the option to purchase actual (delivered) cryptocurrencies, but they do offer opportunities to trade cryptocurrency derivatives.
Both BlackBull Markets and Axi offer Skrill, Visa or Mastercard, and bank wires as options for depositing and withdrawing account funds, but neither offers ACH, SEPA transfers, nor PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | Axi | |
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| Trust Score | 78 | 82 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | Axi | |
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| Regulation | BlackBull Markets | Axi | |
|---|---|---|---|
| Trust Score | 78 | 82 | |
| Year Founded | 2014 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 175 | |
| Forex Pairs (Total) | 72 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | Axi | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | BlackBull Markets | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | BlackBull Markets | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Axi | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | BlackBull Markets Review |
| Overall | BlackBull Markets | Axi | |
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| Trust Score | 78 | 82 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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