Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets, founded in 2010, and Axi, established in 2007, are both well-regarded online brokers, though neither is publicly traded or operates as a bank. When it comes to trust and regulation, ThinkMarkets leads the way with a Trust Score of 92 from ForexBrokers.com, placing it in the highly trusted category. Axi, while also a reliable choice, scores an 82, positioning it in the trusted bracket.
Regarding regulatory licenses, ThinkMarkets holds five Tier-1 licenses, which are highly respected, and two Tier-2 licenses. Axi, in comparison, possesses two Tier-1 licenses alongside one Tier-2 license. These licenses are crucial in ensuring that both brokers adhere to international financial regulations, thus enhancing their credibility among users.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Year Founded | 2010 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing ThinkMarkets and Axi on their commissions and fees, both brokers have earned a respectable rating. ThinkMarkets boasts a solid 4-star rating for their pricing structure, indicating competitive fees that could be attractive to traders. However, ThinkMarkets ranks 47th out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com. This ranking suggests there is room for improvement when compared to its peers, potentially due to the lack of detailed average spread data.
Axi, on the other hand, also holds a 4-star rating for commissions and fees, suggesting they offer a cost-effective trading environment similar to that of ThinkMarkets. Axi stands slightly ahead in the rankings at 43rd out of 63 brokers, indicating a slightly more favorable fee structure compared to ThinkMarkets. Like ThinkMarkets, Axi does not provide average spread data, yet their rank hints at deeper cost-related advantages.
In summary, both ThinkMarkets and Axi offer fair commission and fee structures, each earning 4 stars for affordability. While their ranking positions on ForexBrokers.com show Axi with a slight edge over ThinkMarkets, the absence of average spread data makes a head-to-head comparison less straightforward. Understanding the nuanced benefits of each broker might require further exploration beyond just fees and commissions.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | 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 it comes to the range of investments available, ThinkMarkets and Axi both present distinct offerings catering to varying trader preferences. ThinkMarkets provides a broad spectrum with 4,000 tradeable symbols, while Axi offers a more focused option with 175. Both platforms support forex trading as CFDs or spot contracts, although Axi takes the lead in forex pairs, offering 65 compared to ThinkMarkets' 46. However, ThinkMarkets expands its investment options to include international exchange-traded securities, a feature not available on Axi, allowing for further diversification.
In addition to traditional investments, both ThinkMarkets and Axi give users access to cryptocurrency derivatives, but neither supports actual cryptocurrency purchases. Copy trading is another common feature, enhancing social trading experiences on both platforms. With ThinkMarkets rated at 4.5 stars for their range of investments against Axi's 3.5 stars, it's evident that ThinkMarkets delivers more extensive investment choices. This is further highlighted by their ranking, where ThinkMarkets holds the #22 position against Axi’s #56 in ForexBrokers.com's compiled list of 63 brokers, underscoring its superior investment range.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 175 |
| Forex Pairs (Total) | 46 | 65 |
| U.S. Stock Trading (Non CFD) | No | 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 ThinkMarkets and Axi for their trading platforms and tools, both brokers offer simulated trading through free virtual demo accounts. However, ThinkMarkets distinguishes itself with a proprietary platform developed in-house, which Axi does not offer. Both brokers provide Windows-based desktop and web-based trading platforms, support MetaTrader 4 (MT4), and allow for direct trading from stock charts. However, ThinkMarkets has an edge with MetaTrader 5 (MT5) support, whereas Axi does not. Those interested in copy trading will find both brokers offer this feature, but Axi has the additional benefit of ZuluTrade availability, which ThinkMarkets lacks.
For traders interested in chart analysis, both ThinkMarkets and Axi provide 15 drawing tools, but specific details on technical indicators are unspecified. ThinkMarkets impresses with more customization options in its watch lists, offering 15 fields compared to Axi's 7. In terms of ratings, ThinkMarkets was awarded 4 stars for its trading platforms and tools, ranking 28th out of 63 brokers according to ForexBrokers.com. Axi, in contrast, received 3.5 stars, placing it at the bottom of the list at 63rd. These differences might make ThinkMarkets a preferred choice for traders looking for a broader range of features and better customization options.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both ThinkMarkets and Axi ensure accessibility with apps available for iPhone and Android users. These platforms support essential features like stock and forex price alerts and allow users to draw trendlines and view different time frames on charts. However, ThinkMarkets sets itself apart by offering 94 technical studies in its charting capabilities, compared to Axi’s 30. Additionally, ThinkMarkets' app automatically saves drawings on charts, which is a convenience that Axi lacks.
While both apps allow for the creation of watchlists with real-time quotes, neither supports syncing watchlists between the mobile app and the online account. In terms of user satisfaction, ThinkMarkets holds a slight edge with a 4-star rating, positioning at the 20th rank out of 63 brokers for mobile trading apps according to ForexBrokers.com. Axi follows with a 3.5-star rating, ranking 59th. This makes ThinkMarkets a slightly more favorable choice for traders seeking advanced charting features and seamless chart management on the go.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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.
When comparing ThinkMarkets and Axi for market research, there are several key differences to consider. ThinkMarkets stands out by offering daily market commentary, which can be a valuable resource for staying updated on market trends. Both brokers provide forex news from leading sources, ensuring traders have access to high-caliber information. However, Axi incorporates technical analysis and research tools from Autochartist, which ThinkMarkets does not offer. Both brokers provide sentiment-based trading tools and comprehensive economic calendars to enhance trading strategies. An area where ThinkMarkets excels is in utilizing resources from Acuity Trading, unlike Axi, which does not offer these tools.
When it comes to research ratings, ThinkMarkets receives a slightly higher score of 3.5 out of 5 stars compared to Axi's 3 stars. In the broader landscape of 63 brokers, ThinkMarkets is ranked 50th by ForexBrokers.com, whereas Axi holds the 55th position. While each broker has its strengths, ThinkMarkets generally offers more features in market commentary and specialized tools, providing a slight edge in research capabilities for traders looking for comprehensive market insights.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
ThinkMarkets and Axi both deliver ample educational resources for novices interested in forex and CFD trading, but there are distinctions in what each broker offers. ThinkMarkets provides a wide array of learning materials, including more than ten educational articles or videos focusing on forex and CFDs, just like Axi. Both platforms host educational webinars every month to help deepen trading knowledge and skills. However, ThinkMarkets has the edge with a searchable archive of past webinars, a feature not available with Axi. Furthermore, ThinkMarkets stands out by providing a comprehensive suite of more than ten advanced educational videos, catering to traders looking to enhance their expertise.
Both brokers provide more than ten beginner-oriented trading videos and maintain an investor dictionary defining over 50 investing terms, making them excellent starting points for new traders. However, there are differences in user satisfaction and industry recognition. ThinkMarkets holds a 3.5-star rating for education, slightly surpassing Axi's 3-star rating. Despite this, ForexBrokers.com ranks Axi higher in its education category, placing it 27th out of 63 brokers, compared to ThinkMarkets' 52nd place. While both brokers offer strong educational support for beginners, ThinkMarkets provides more comprehensive advanced resources and the convenience of accessing archived webinars.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than Axi. ThinkMarkets finished with an overall rank of #27, while Axi finished with an overall rank of #49.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 82 |
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Both ThinkMarkets and Axi do not offer the ability to buy actual (delivered) cryptocurrency, but they each provide options to trade cryptocurrency derivatives.
Both ThinkMarkets and Axi do not support ACH or SEPA transfers, nor do they offer PayPal for account deposits or withdrawals, but they both provide options for Skrill, Visa or Mastercard, and bank wire transactions.
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 | ThinkMarkets | Axi | |
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| Trust Score | 92 | 82 | |
| Winner | check_circle | ||
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| Broker Screenshots | ThinkMarkets | Axi | |
|---|---|---|---|
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| Regulation | ThinkMarkets | Axi | |
|---|---|---|---|
| Trust Score | 92 | 82 | |
| Year Founded | 2010 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 175 | |
| Forex Pairs (Total) | 46 | 65 | |
| U.S. Stock Trading (Non CFD) | No | 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 | ThinkMarkets | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | Axi | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | ThinkMarkets | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | ThinkMarkets | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | 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 | ThinkMarkets | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 |
| Overall | ThinkMarkets | Axi | |
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| Trust Score | 92 | 82 | |
| Winner | check_circle | ||
| Review |
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