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 and Axi in terms of commissions and fees, BlackBull Markets stands out with a slightly more favorable fee structure. The broker offers three account types: Standard, Prime, and ECN Institutional. For BlackBull’s Prime account, the average spread on the EUR/USD pair is notably low at 0.16, making it a competitive choice for traders. This results in an all-inclusive cost of 0.76 after adding a commission fee of 0.3 pips, which is approximately $6 for every 10,000 units traded. While the Standard account is commission-free with no deposit requirement, it comes with higher spreads. BlackBull’s ECN Institutional account caters to active traders, requiring a $20,000 minimum deposit and lower commission rates of $4 per round turn. BlackBull Markets is rated 4.5 stars and ranks 19th among 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
Axi, on the other hand, does not provide average spread data, leaving potential clients with less transparency in terms of expected trading costs. This lack of specific cost details may be a consideration for traders who prioritize detailed cost expectations when selecting a broker. Axi receives a respectable 4-star rating and is ranked 44th out of 62 brokers in the same category.
In summary, BlackBull Markets offers a more detailed and flexible fee structure across different account types, particularly for traders who opt for the Prime account, which provides lower spreads and balanced commissions at a higher initial deposit. In contrast, Axi presents a star rating that reflects competitive pricing, but the lack of average spread data could be a drawback for those seeking detailed fee transparency.
| Feature |
BlackBull Markets
|
Axi
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.76 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | 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.
BlackBull Markets and Axi present diverse opportunities for traders, but their offerings differ significantly in terms of available investments. BlackBull Markets boasts an impressive selection with 26,000 tradeable symbols, while Axi offers a more modest 175. Both brokers provide access to forex trading as CFDs or spot contracts, with BlackBull Markets offering 72 forex pairs compared to Axi's 65. For investors interested in direct share purchases, BlackBull Markets stands out by allowing trading of exchange-traded securities on U.S. and international exchanges, unlike Axi, which does not provide this option.
Both platforms include copy trading and the chance to trade cryptocurrency derivatives, albeit neither offers the purchase of actual (delivered) cryptocurrencies. In terms of accolades, BlackBull Markets receives a 5-star rating for its range of investments, securing the 6th spot out of 62 brokers according to ForexBrokers.com. On the other hand, Axi garners a 3.5-star rating and ranks 55th. This means BlackBull Markets is a more versatile option for those seeking a wider variety of investment choices.
| 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.
BlackBull Markets and Axi both provide a solid trading experience, featuring essential tools for traders seeking diverse options. Both brokers offer simulated trading with free demo accounts, allowing newcomers to practice without financial risk. While neither has its own proprietary platform, they offer popular third-party platforms. Both brokers support the widely-used MetaTrader 4 (MT4), but BlackBull Markets has the edge with its MetaTrader 5 (MT5) availability, which Axi lacks. Both platforms also provide Windows-based desktop and web-based trading environments. For those interested in copy trading, both brokers facilitate this through ZuluTrade, though not through DupliTrade.
When it comes to charting tools, BlackBull Markets offers an impressive 60 drawing tools compared to Axi's 15, although the specific number of technical indicators remains unspecified for both. Axi slightly surpasses BlackBull Markets with an additional column field in watch lists (seven compared to six). Users can trade directly from stock charts with both brokers, enhancing the trading workflow. In terms of ratings, BlackBull Markets scores a bit higher at 4 stars versus Axi’s 3.5 stars for trading platforms and tools. Additionally, BlackBull Markets holds a higher ranking, positioned at #28 compared to Axi’s #62 among 62 brokers in the Trading Platforms and Tools category according to ForexBrokers.com.
| 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.
Both BlackBull Markets and Axi offer mobile trading apps for iPhone and Android users, allowing traders to stay connected on the go. These apps provide essential tools like price alerts and the ability to draw trendlines on charts. While both platforms support viewing multiple time frames and include 30 technical studies for chart analysis, BlackBull Markets outshines Axi in a few key areas. For instance, BlackBull Markets syncs your watchlists with your online account and auto-saves drawings on charts, features that Axi does not offer. Additionally, both brokers offer real-time quotes in watchlists, helping traders keep a close eye on market movements.
When it comes to user ratings, BlackBull Markets leads with a respectable 4-star rating for their mobile trading app compared to Axi’s 3.5 stars. Furthermore, in ForexBrokers.com's comprehensive evaluation of 62 brokers, BlackBull Markets is ranked at #30 in the Mobile Trading Apps category, significantly ahead of Axi, which is placed at #59. This difference underscores BlackBull Markets' superior offerings and features in their mobile app, providing a more seamless and integrated trading experience for users.
| 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.
When comparing the market research offerings of online brokers BlackBull Markets and Axi, some notable differences emerge. BlackBull Markets stands out by providing daily market commentary, which Axi lacks. However, Axi compensates by delivering forex news from top-tier sources like Bloomberg and Reuters—something BlackBull Markets does not offer. Both brokers offer tools from Autochartist for technical analysis, although neither provides resources from Trading Central or TipRanks. In terms of sentiment-based trading tools and access to economic calendars, both brokers are evenly matched, offering these important insights to traders.
In terms of ratings, BlackBull Markets scores higher for research with four stars compared to Axi's three stars. According to ForexBrokers.com, BlackBull Markets is ranked #18 out of 62 brokers, showcasing its superior position in the research category. In contrast, Axi ranks much lower at #55. These distinctions make BlackBull Markets a strong contender for traders who prioritize comprehensive market commentary and robust research tools. Meanwhile, Axi caters to those who rely on forex news from leading financial news sources for their trading strategies.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing BlackBull Markets and Axi for educational resources tailored to beginner traders, both online brokers excel in offering over ten educational pieces focused on forex and CFDs. Whether through articles, videos, or webinars, beginners have plenty to learn from either platform. Both brokers host monthly educational webinars, but BlackBull Markets stands out with a searchable archive of previously recorded sessions, while Axi does not provide this feature. Both brokers offer educational videos crafted for beginners, but BlackBull Markets takes it a step further with content aimed at advanced traders as well.
For those interested in expanding their trading vocabulary, both BlackBull Markets and Axi provide investor dictionaries with over 50 investing terms. However, when rated for their educational offerings, BlackBull Markets receives slightly higher marks with four stars compared to Axi’s three-star rating. Interestingly, even with the slightly lower star rating, Axi ranks higher at #26 in the Education category on ForexBrokers.com, while BlackBull Markets is placed at #29. This suggests both brokers have strengths that appeal to different trader preferences and requirements.
| 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 62 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 |
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| Trust Score | 78 | 82 |
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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.
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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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| 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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 | 0.76 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | 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 | |
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| Trust Score | 78 | 82 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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