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 |
Comparing commissions and fees, BlackBull Markets earns 4.5 out of 5 stars and ranks #19 out of 63 brokers for this category, while Axi scores 4 out of 5 stars and ranks #44. Based on the available data, BlackBull Markets generally looks more price-focused, especially for active traders, whereas Axi’s lack of published average spread data makes direct, like-for-like cost comparisons harder.
At BlackBull Markets, pricing varies by account. The Standard account is commission-free with no minimum deposit, but spreads are higher. The Prime account, which many cost-conscious traders may prefer, requires a $2,000 minimum and charges a $3 per side ($6 round turn) commission per standard lot; in March 2024 the EUR/USD averaged a 0.16 pip spread, for an estimated all-in cost of about 0.76 pips. For higher-volume clients, the ECN Institutional account requires a $20,000 minimum and drops the commission to $2 per side ($4 round turn). Overall trading costs are about average, but Prime and ECN tiers can deliver sharper pricing.
Axi does not provide average spread figures, so its exact all-in costs are less transparent. Its 4-star commissions and fees rating and #44 ranking suggest it’s competitive but not a price leader. If you’re sensitive to spreads and commission per lot, BlackBull Markets’ published pricing and multiple account types may make it easier to estimate your total trading costs.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets vs Axi: for investors comparing the range of investments, the difference is sizable. BlackBull lists about 26,000 tradeable symbols and 72 forex pairs, while Axi offers 175 symbols and 65 forex pairs. Forex trading is available at both, either as CFDs or spot contracts. Both brokers support copy trading and let you trade cryptocurrency via CFDs, but neither lets you buy actual crypto.
Where BlackBull pulls ahead is access to real exchange-traded securities: you can buy shares on U.S. and international exchanges, whereas Axi does not offer share dealing. Reflecting this breadth, BlackBull earns 5 stars and ranks #6 out of 63 for Range of Investments on ForexBrokers.com; Axi scores 3.5 stars and ranks #57. If you want the widest selection, BlackBull Markets is the stronger choice; if you only need core forex and crypto CFDs, Axi may suffice.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 175 |
| Forex Pairs (Total) | 72 | 65 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 cover the platform basics most traders look for: free demo (paper) accounts, web and Windows desktop access, trade-from-chart features, and copy trading. Neither broker offers a proprietary platform, and both support MetaTrader 4 (MT4). The key difference is that BlackBull Markets also offers MetaTrader 5 (MT5), while Axi does not, giving BlackBull a slight edge for traders who want MT5’s expanded tools and asset support.
On ratings, BlackBull Markets earns 4 stars for Trading Platforms and Tools versus Axi’s 3.5 stars. According to ForexBrokers.com, BlackBull is ranked #31 in this category, while Axi sits at #64. In short, both brokers are capable choices for MT4 users, but BlackBull Markets stands out if you want access to MT5 along with a higher third-party score in this area.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Axi both offer mobile trading apps for iPhone and Android, with price alerts for forex and stocks. Each app includes 30 technical indicators and lets you draw trendlines on charts, so the core charting experience is similar across both.
Key differences affect day-to-day use. BlackBull Markets syncs watchlists between mobile and the web platform and automatically saves your chart drawings; Axi does not. Reflecting this, BlackBull earns 4 out of 5 stars for its mobile trading apps and ranks #33 of 63 brokers at ForexBrokers.com, while Axi holds 3.5 stars and ranks #60 of 63. If you value synced watchlists and saved annotations, BlackBull is the stronger pick; if you only need basic charting and alerts, either app will do.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing market research, BlackBull Markets stands out for offering daily market commentary, while Axi does not. Axi counters with forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, which BlackBull doesn’t provide. Both brokers include Autochartist tools, a sentiment gauge showing the ratio of long vs. short positions, and an economic calendar. Neither offers Trading Central. BlackBull does not include TipRanks or Acuity Trading; Axi’s availability for TipRanks and Acuity Trading isn’t specified.
According to ForexBrokers.com, BlackBull Markets earns 4 stars for research and ranks #18 out of 63 brokers, while Axi earns 3 stars and ranks #56. If you want daily commentary, BlackBull Markets has the edge; if you value professional newswire coverage, Axi may suit you better. Both deliver helpful tools for technical ideas and market sentiment.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BlackBull Markets and Axi both make it easier for beginners to learn forex and CFD trading. Each broker runs ongoing client webinars (at least one per month) and offers a library of beginner-friendly videos with 10 or more lessons covering core trading topics. If you’re just getting started, either platform can help you build a solid foundation through video learning and scheduled live sessions.
The main difference shows up as you advance. BlackBull Markets provides at least 10 advanced videos for experienced traders, while Axi does not meet that mark. Reflecting this, BlackBull Markets earns 4 out of 5 stars for Education, compared with Axi’s 3 out of 5. That said, ForexBrokers.com ranks Axi slightly higher for Education overall (#27 out of 63) than BlackBull Markets (#29). Choose BlackBull if you want a clearer path into advanced video content; choose either broker for beginner webinars and videos.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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
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Axi
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| Trust Score | 78 | 82 |
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When comparing BlackBull Markets vs Axi, neither broker allows buying actual (delivered) cryptocurrencies, yet both support trading cryptocurrency CFDs.
BlackBull Markets vs Axi deposit and withdrawal methods: both brokers do not offer ACH or SEPA transfers; BlackBull Markets does not support PayPal but does support Skrill and bank wire transfers (Visa/Mastercard not specified), while Axi’s support for PayPal, Skrill, Visa/Mastercard, and bank wire transfers is not specified here.
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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| Broker Gallery (click to expand) |
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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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 175 | |
| Forex Pairs (Total) | 72 | 65 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Axi | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | BlackBull Markets | Axi | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | BlackBull Markets | Axi | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Axi | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | Axi | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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