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 | 1.70 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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 Tickmill and Axi in terms of investment options, both brokers provide access to forex trading through CFDs or spot contracts, but the range of available symbols is where they differ. Tickmill offers a more extensive selection with 637 tradeable symbols, compared to Axi's 175. However, when it comes to forex pairs, Axi slightly edges out with 65 pairs, while Tickmill provides 63. It's worth noting that neither broker allows direct purchase of exchange-traded securities from U.S. or international markets, limiting offerings to CFDs. Additionally, both brokers support copy trading and the trading of cryptocurrency derivatives, though neither permits buying actual cryptocurrencies.
Both Tickmill and Axi have received a 3.5-star rating for their range of investments, indicating a solid set of offerings for traders, despite some limitations. Among reviewers at ForexBrokers.com, Tickmill ranks at 42nd within the Range of Investments category out of 63 brokers, whereas Axi is placed at 56th. This variance suggests that Tickmill may have a broader appeal to those who prioritize a larger variety of tradeable options beyond just forex pairs.
| Feature |
Tickmill
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 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.
When comparing Tickmill and Axi for their trading platforms and tools, both brokers provide access to demo accounts, allowing traders to experiment with strategies in a simulated environment before diving into real trade scenarios. Tickmill and Axi do not offer proprietary platforms, but support for widely-used platforms like MetaTrader 4 (MT4) is available with both brokers. However, where Tickmill slightly edges out is with the addition of MetaTrader 5 (MT5) support, which Axi does not offer. Both brokers provide Windows-based desktop downloads and web-based trading platforms, ensuring flexibility for users. For those interested in replication strategies, both brokers offer copy trading, though Axi uniquely provides access to ZuluTrade for social trading enthusiasts. Despite neither supporting DupliTrade, both brokers allow users to trade directly from stock charts.
Tickmill and Axi share the same number of columns for watch lists at seven, but diverge when it comes to tools for technical analysis. Axi, with 15 drawing tools compared to Tickmill’s nine, offers more options in this regard. However, when rated by user feedback and expert reviews, Tickmill scores slightly higher for its trading platforms and tools with a 4-star rating, compared to Axi’s 3.5 stars. This preference is echoed in their rankings by ForexBrokers.com, where Tickmill ranks 29th out of 63 brokers, outperforming Axi, which lands at the 63rd position. As users weigh their options, it’s clear that while both brokers provide solid trading solutions, Tickmill offers a slight edge in overall platform offerings and user satisfaction ratings.
| 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) | 91 | 30 |
| Charting - Drawing Tools (Total) | 9 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and Axi both provide mobile apps for iPhone and Android, making trading accessible from your smartphone, whether you're dealing in stocks or forex. Both apps deliver essential features like price alerts and real-time quote watchlists, allowing you to stay informed on market shifts. Users can explore charts with 30 technical studies and have the convenience of drawing trendlines directly through their apps. Moreover, viewing charts across multiple time frames, such as daily, weekly, or even intraday, is seamless on both platforms. However, when it comes to auto-saving chart drawings, Tickmill has an edge over Axi by offering this convenient feature.
While neither broker offers syncing watchlist symbols between mobile and online accounts, Tickmill slightly outranks Axi in mobile trading app popularity, boasting a 4-star rating compared to Axi's 3.5 stars. This difference reflects in their rankings on ForexBrokers.com, where Tickmill is placed at 29th out of 63 brokers, whereas Axi stands at 59th. If chart drawing features and higher user ratings are important to you, Tickmill might be the slightly preferred choice for a mobile trading experience.
| 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.
When comparing Tickmill and Axi for market research offerings, it is clear that both brokers provide valuable resources, yet there are distinct differences in their approach and tools. Tickmill excels by providing daily market commentary and a sentiment-based trading tool to help traders gauge market sentiment across various instruments. It also supplies forex news from top-tier sources and boasts an economic calendar to keep traders informed about upcoming global events. While Tickmill lacks tools from Autochartist and Trading Central, it compensates with research tools like those from Acuity Trading, including the Signal Centre. As a result, Tickmill earns a commendable four-star research rating and is ranked 21st out of 63 brokers by ForexBrokers.com.
Axi, on the other hand, does not offer daily market commentary but does provide forex news from renowned sources such as Bloomberg and Reuters, which ensures traders receive high-quality information. Axi stands out by offering technical analysis and fundamental research tools from Autochartist, giving traders advanced tools to analyze the markets. Like Tickmill, Axi also features a sentiment-based trading tool and an economic calendar, but lacks offerings from Trading Central and Acuity Trading’s Signal Centre. With these features, Axi holds a three-star research rating and places 55th out of 63 brokers in the ForexBrokers.com research category ranking.
| 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 | |
| Signal Centre (Acuity Trading) | Yes | |
| 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 |
| Broker Screenshots | Tickmill | Axi | |
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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) | |||
| 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) | |||
| 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) |
| Investments | Tickmill | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 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 | 1.70 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | 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) | 91 | 30 | |
| Charting - Drawing Tools (Total) | 9 | 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 | ||
| 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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