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 the commissions and fees of BlackBull Markets and Axi, BlackBull Markets offers a more varied structure depending on the type of account selected. The spreads and fees at BlackBull Markets can be considered average. For the Prime account, the average spread on EUR/USD is 0.16, resulting in a total cost of 0.76 when a commission of 0.3 pips (or $6 per 10,000 traded) is added. This account is often preferred for its lower spreads, though it requires a $2,000 minimum deposit and charges $6 per round turn. The Standard account, while commission-free and with no minimum deposit requirement, tends to have higher spreads. The ECN Institutional account caters to more active traders with a minimum deposit of $20,000 and lower commission rates of $4 per round turn.
As for Axi, they do not provide specific average spread data, making direct cost comparisons challenging. However, both brokers have their ratings in terms of commissions and fees. BlackBull Markets is highly regarded, earning a 4.5-star rating, and ranks #18 out of 62 brokers according to ForexBrokers.com. Axi, with a 4-star rating, holds the #44 spot in the same category.
Overall, BlackBull Markets offers a comprehensive range of account options to cater to different trading styles, with clear details on spreads and fees, making it suitable for various types of traders. On the other hand, Axi’s lack of detailed spread data may make it less competitive in terms of transparency, though it still maintains a respectable standing in the trading community.
| 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 comparing BlackBull Markets and Axi, BlackBull Markets stands out with a comprehensive suite of investment options. With an impressive 26,000 tradeable symbols and 72 forex pairs, it caters to a wide array of investor preferences. Notably, BlackBull Markets allows customers to trade exchange-traded securities on both U.S. and international exchanges. This feature is a significant advantage for investors interested in diversifying their portfolios with global stocks such as Apple or Vodafone. On the other hand, Axi offers a more limited selection with 175 tradeable symbols and 65 forex pairs. While both platforms provide opportunities for copy trading and access to cryptocurrency derivatives, only BlackBull Markets supports the trading of non-CFD exchange-traded securities.
BlackBull Markets holds a strong position in the industry, boasting a 5-star rating for its range of investments and ranking 6th out of 62 brokers according to ForexBrokers.com. Meanwhile, Axi receives a 3.5-star rating for its investment range, placing it at 56th in the same category. This comparison highlights BlackBull Markets as the preferred choice for investors seeking a broader selection of trading options to enhance their investment strategies. Whether in forex trading or international securities, BlackBull Markets presents a more extensive and diversified portfolio offering compared to Axi.
| 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 offer a variety of trading platforms and tools suited to different trading styles. Both brokers provide simulated or paper trading with free virtual demo accounts, making it easy for beginners to practice. Neither offers a proprietary platform, but both support popular options like MetaTrader 4 (MT4) and web-based trading, with BlackBull Markets also offering MetaTrader 5 (MT5). Each broker allows copy trading and uses ZuluTrade for social trading features. Moreover, BlackBull Markets shines with 60 drawing tools for charting compared to Axi's 15, making it an attractive choice for traders who prefer extensive chart analysis. Both brokers provide the functionality to trade directly from stock charts.
In terms of organization and ease of navigation, BlackBull Markets offers six columns for watch lists, while Axi provides seven. With regard to trading platforms and tools, BlackBull Markets is rated four stars, ranking #29 out of 62 brokers, thus showcasing a higher satisfaction level based on ForexBrokers.com rankings compared to Axi, which is rated 3.5 stars and ranked last. These differences highlight BlackBull Markets' edge in delivering a more comprehensive trading platform offering, even though both brokers cover the essential needs for various trading strategies.
| 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 comprehensive trading apps for iPhone and Android users, delivering a range of features tailored for both novice and seasoned traders. Both platforms support stock and forex price alerts, along with the capability to draw trendlines on charts, view multiple time frames, and offer an array of 30 technical studies for enhanced chart analysis. However, a notable advantage of BlackBull Markets is the ability to auto-save chart drawings and sync watchlist symbols between the mobile app and the online account, ensuring a seamless trading experience across devices. This feature is absent in Axi's app, which might be a consideration for traders who prefer uniformity in their trading data.
Another important aspect to consider is how both platforms handle real-time data. Both facilitate the creation of watchlists with real-time quotes, adding to the dynamic trading experience. Yet, when looking at user ratings, BlackBull Markets edges out with a four-star rating compared to Axi's 3.5 stars, reflecting possibly higher user satisfaction. Rankings from ForexBrokers.com further illustrate this differential, placing BlackBull Markets at position #31 compared to Axi's #59 out of 62 brokers. This suggests BlackBull Markets' mobile app may provide a more user-friendly and efficient trading platform, as perceived by a broader audience.
| 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.
Both BlackBull Markets and Axi offer an array of educational resources aimed at helping beginners navigate the world of forex and CFDs trading. Each platform provides over 10 educational pieces such as articles, videos, and webinars, all geared towards forex or CFDs. Furthermore, both brokers host monthly educational webinars to further support their clients' learning journey. However, BlackBull Markets takes a slight edge by offering a searchable archive of previously recorded webinars, a resource Axi lacks. In terms of beginner-friendly video content, both platforms furnish more than 10 introductory videos covering a wide range of trading topics.
When it comes to advanced educational offerings, BlackBull Markets provides a more comprehensive selection. With over 10 advanced trading videos available, it caters well to experienced traders seeking to deepen their knowledge. Axi, however, doesn't offer this level of advanced video content. Both brokers supply an investor dictionary, with definitions for more than 50 investing terms, aiding newcomers in understanding the essential jargon. Despite BlackBull Markets receiving a higher education rating of 4 stars compared to Axi’s 3 stars, Axi ranks slightly better in ForexBrokers.com's education category. This positions Axi at #27 out of 62 brokers, while BlackBull Markets holds spot #29, indicating a close comparison in educational support.
| 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 | 0.71 | 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 | 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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