Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill and Axi are two popular online brokers offering trading services to investors and traders. Founded in 2014, Tickmill has quickly established itself in the market, while Axi, established in 2007, has a bit more experience under its belt. Interestingly, both brokers are not publicly traded and neither operates as a bank. When it comes to regulatory standing, Tickmill secures two Tier-1 licenses alongside two Tier-2 licenses, marking them highly trusted with a ForexBrokers.com Trust Score of 86 out of 99. Similarly, Axi holds two Tier-1 licenses and one Tier-2 license, giving it a Trust Score of 82, which also indicates a trusted status by ForexBrokers.com standards.
Though similarly recognized in terms of high trustworthiness through their Tier-1 licenses, the distinction in their Trust Scores highlights subtle differences in perceived security and regulation. Whether you're drawn to Tickmill's slightly higher Trust Score or Axi's longevity in the sector, both brokers present credible options for your trading pursuits underlined by a strong reputation in regulatory compliance.
| Feature |
Tickmill
|
Axi
|
|---|---|---|
| Year Founded | 2014 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Tickmill and Axi on commissions and fees, Tickmill stands out as a top choice for active traders. Offering two accounts—a Classic and a Raw account—Tickmill's Raw account features a competitive commission structure of $3 per side or $6 per standard lot. Despite this increase from the previous $2 per side, Tickmill remains a top contender thanks to its low average spreads. The Classic account, however, is commission-free but has higher average spreads of around 1.76 pips as of August 2023. For EUR/USD currency pairs, the Raw account lists a typical spread of 0.11 pips, reaching an all-in cost of about 0.71 pips when factoring in the round-turn commission.
Tickmill's Raw account effectively replaces the old Pro account and offers some of the lowest spreads along with flexible execution policies, ideal for algorithmic traders. The entry requirement is just a $100 minimum deposit, making it accessible for many traders. In contrast, Axi's lack of available average spread data does not offer the same level of transparency, making Tickmill particularly appealing for those who prioritize cost-efficiency and clear fee structures.
Awarded 5 stars for commissions and fees, Tickmill is ranked 4th out of 63 brokers by ForexBrokers.com. Meanwhile, Axi earns a 4-star rating and ranks 43rd in the same category. This stark contrast emphasizes Tickmill's advantage when it comes to offering competitive fees and favorable trading conditions for both new and seasoned traders.
| Feature |
Tickmill
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing the investment options between Tickmill and Axi, both brokers offer forex trading through CFDs or spot contracts, making them accessible for those interested in currency trading. Tickmill stands out with a greater variety of tradeable symbols, offering 725 compared to Axi's 175. However, Axi edges ahead with a slightly higher number of tradeable forex pairs at 65, while Tickmill offers 63. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, meaning clients cannot directly purchase shares like Apple or Vodafone.
In terms of additional features, both Tickmill and Axi support copy trading, enabling users to mimic the trades of more experienced investors. For those interested in cryptocurrency, both brokers offer derivatives but do not allow the purchase of actual cryptocurrencies. Rated equally at 3.5 stars for their range of investments, Tickmill and Axi cater to similar client needs, though Tickmill ranks slightly higher in this category according to ForexBrokers.com, taking the 42nd spot compared to Axi's 56th position out of 63 brokers evaluated.
| Feature |
Tickmill
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 175 |
| Forex Pairs (Total) | 63 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Tickmill and Axi both offer comprehensive platforms for traders, accommodating a variety of trading needs. Both brokers provide free virtual demo accounts, allowing new users to familiarize themselves with the trading environment without any financial commitment. While neither broker has its own proprietary platform, both support MetaTrader 4 (MT4), with Tickmill offering additional functionality with MetaTrader 5 (MT5). Both platforms are available for download on Windows and accessible via web browsers, providing convenience and flexibility for users. Furthermore, both brokers enable traders to execute trades directly from stock charts, and they support copy trading features; however, Axi extends its offering with ZuluTrade compatibility.
In terms of charting tools, Tickmill and Axi both equip traders with fifteen drawing tools, although the specific number of technical indicators for each is not detailed. They each offer seven columns for watch lists, thereby facilitating efficient market monitoring. According to ratings from ForexBrokers.com, Tickmill scores slightly higher with a four-star rating for Trading Platforms and Tools, compared to Axi's 3.5 stars. Ranking-wise, Tickmill sits at the 32nd spot out of 63 brokers while Axi holds the 63rd position, highlighting Tickmill's slightly more favorable standing in this competitive field.
| Feature |
Tickmill
|
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 | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and Axi, both brokers offer seamless trading experiences on iPhone and Android devices. They provide essential features like price alerts and the ability to create watchlists with real-time quotes. Chart enthusiasts will appreciate that both apps include 30 technical studies and offer functionalities to draw trendlines and view multiple time frames on stock or forex charts. However, Tickmill edges ahead with an auto-save feature for chart drawings, a convenience not available with Axi.
This advantage reflects in user ratings, with Tickmill scoring 4 out of 5 stars for its mobile trading app. Axi, while still providing a solid experience, is rated slightly lower at 3.5 stars. These ratings contribute to Tickmill's higher standing, ranked at #32 by ForexBrokers.com in the Mobile Trading Apps category, as opposed to Axi's #59 ranking. Neither platform currently offers watchlist symbol syncing, but investors may find Tickmill's slight edge in features and ratings a compelling reason to choose its mobile app for their trading needs.
| Feature |
Tickmill
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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.
In comparing the research offerings of Tickmill and Axi, several differences emerge, helping traders understand what each broker provides. Tickmill excels in delivering daily market commentary and brings forex news from renowned sources like Bloomberg and Reuters. They also offer a sentiment-based trading tool, an insightful feature showing the ratio of long or short positions. Additionally, Tickmill provides tools from Acuity Trading, such as Signal Centre, which Axi does not offer. For those focused on keeping track of global economic events, both brokers provide a comprehensive economic calendar. However, Axi stands out by offering technical analysis tools from Autochartist, which Tickmill lacks, enhancing its appeal for traders who value these specific tools.
In terms of ratings and rankings, Tickmill is awarded 4 stars for its research capabilities, surpassing Axi's 3 stars. This distinction is further reflected in their rankings by ForexBrokers.com, where Tickmill sits at #22 out of 63 brokers for research, while Axi trails at #55. Traders looking for comprehensive market insights might find Tickmill's offerings more aligned with their needs, especially those interested in daily updates and sentiment analysis tools, whereas Axi might appeal more to those prioritizing technical analysis integration.
| Feature |
Tickmill
|
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.
Beginners looking for educational resources in forex or CFDs will find valuable offerings from both Tickmill and Axi. Both brokers provide a broad spectrum of educational materials, including articles, videos, and archived webinars focused on forex and CFDs. Tickmill excels by hosting monthly online webinars and maintaining an easily accessible library of past events, which Axi lacks. Furthermore, while both brokers offer beginner-friendly video content, Tickmill extends its offerings to include advanced educational videos for more experienced traders, a feature not available with Axi.
In terms of educational support, both brokers provide an investor dictionary that includes over 50 investing terms, catering to those who are still learning the jargon. However, Tickmill edges out Axi by earning a higher rating of 4 stars for education compared to Axi's 3 stars, and it ranks 15th out of 63 brokers, notably ahead of Axi’s 27th place. For those eager to delve into trading education, Tickmill presents a more comprehensive suite of resources designed to cater to both beginners and advanced traders alike.
| Feature |
Tickmill
|
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 Tickmill is better than Axi. Tickmill finished with an overall rank of #22, while Axi finished with an overall rank of #49.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 82 |
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Both Tickmill and Axi do not provide the option to purchase actual cryptocurrency for delivery, but they do offer the ability to trade cryptocurrency derivatives.
When comparing the online brokers Tickmill and Axi, both offer Visa, Mastercard, Skrill, and bank wire options for depositing or withdrawing funds, but only Tickmill provides PayPal as a payment option, while neither offers ACH or SEPA transfers.
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 | Tickmill | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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| Regulation | Tickmill | Axi | |
|---|---|---|---|
| Trust Score | 86 | 82 | |
| Year Founded | 2014 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | 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) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 175 | |
| Forex Pairs (Total) | 63 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Tickmill | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Tickmill | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 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 | Tickmill | 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 | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review |
| Overall | Tickmill | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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