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.
When comparing trading platforms and tools, both BlackBull Markets and Axi offer free virtual demo accounts, allowing users to practice trading without financial risk. Neither broker provides a proprietary platform, but both support the widely-used MetaTrader 4 (MT4) for trading. BlackBull Markets distinguishes itself by also offering MetaTrader 5 (MT5), while Axi does not. Both brokers cater to desktop-based and web-based trading needs, ensuring flexibility for traders. Additionally, both make copy trading accessible and extend support for trading tools like ZuluTrade, but neither offers DupliTrade.
In terms of technical features, BlackBull Markets shines with a greater number of drawing tools—60 compared to Axi's 15. Both brokers allow trading directly from stock charts, yet BlackBull Markets provides slightly fewer columns for watch lists compared to Axi. Overall, BlackBull Markets garners a higher rating of 4 stars out of 5 for its trading platforms and tools, compared to Axi's 3.5 stars. This difference is further highlighted by their rankings in ForexBrokers.com's evaluation, where BlackBull Markets secures the 30th spot out of 63 brokers, while Axi is positioned at the bottom, ranked 63rd.
| 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.
BlackBull Markets and Axi both provide mobile trading apps for iPhone and Android users, ensuring accessibility across devices. Both brokers support 30 technical studies in their mobile apps and allow users to draw trendlines and view charts in multiple time frames. Investors will appreciate real-time quotes for building watchlists and receiving stock or forex price alerts, available on both platforms. However, BlackBull Markets stands out by offering watchlist symbol syncing, ensuring seamless updates between the mobile app and the online account, a feature Axi does not currently provide. Furthermore, BlackBull Markets mobile app also auto-saves drawings on charts, adding to the convenience factor.
In terms of user ratings, BlackBull Markets scores higher with 4 stars, compared to Axi's 3.5 stars, reflecting a slightly better user experience. Additionally, BlackBull Markets ranks 32nd among 63 brokers for mobile trading apps on ForexBrokers.com, significantly outperforming Axi, which is placed at 59th. Overall, while both brokers offer comprehensive mobile trading experiences, these differences may sway users towards BlackBull Markets if they value seamless app integration and an intuitive user experience.
| 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 stands out with its comprehensive approach to keeping traders informed, offering daily market commentary and a variety of tools for technical analysis. These include offerings like Autochartist and a sentiment-based trading tool, which helps traders gauge trends across currency pairs. An economic calendar is also available, providing insights into current and upcoming global news events, but the broker lacks forex news updates from top-tier sources such as Bloomberg or Reuters. Despite these limitations, BlackBull Markets earns a solid 4-star rating for its research capabilities, positioning it at #18 among 63 brokers as ranked by ForexBrokers.com.
Axi takes a different approach by providing forex news from prestigious sources like Bloomberg and Reuters, which can be invaluable for traders needing news-driven insights. Axi also offers technical analysis tools from Autochartist and a sentiment-based trading tool similar to BlackBull Markets. Additionally, Axi provides an economic calendar but misses offering daily market commentary like its competitor. With an overall 3-star research rating and a rank of #55, Axi may need to enhance its offerings to match the diversity provided by BlackBull Markets.
| 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 | |
| Signal Centre (Acuity Trading) | 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 |
|
|
| Trust Score | 78 | 82 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | BlackBull Markets | Axi | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 82 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | Axi | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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/Central Bank 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. 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 | ||
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 82 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill