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 the commissions and fees of online brokers ThinkMarkets and Axi, both hold a similar standing with a rating of four stars out of five in this category. This rating reflects the competitive nature of their respective pricing structures for trading services. Despite the absence of specific average spread data, both brokers are positioned to offer competitive fee structures that cater to a wide range of traders.
ThinkMarkets is ranked #48 out of 62 brokers, according to ForexBrokers.com, for its commissions and fees. This ranking indicates that while ThinkMarkets offers a solid fee structure that appeals to many traders, there might be alternative brokers with slightly more favorable conditions for cost-conscious traders.
On the other hand, Axi sits slightly higher in the same rankings at #44. This position suggests that Axi potentially provides a marginally more competitive edge in its fee offerings compared to ThinkMarkets, though both are closely matched in their overall fee ratings. Despite their close proximity in the rankings, Axi's slightly better position might attract traders seeking modest cost advantages.
| 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 comparing ThinkMarkets and Axi, both online brokers offer forex trading as CFDs, providing access to dynamic currency markets. ThinkMarkets stands out with an impressive offering of 4,000 tradeable symbols, while Axi provides 175. However, Axi leads the way in available forex pairs with 65, compared to ThinkMarkets' 46 pairs. Although neither broker facilitates the purchase of exchange-traded securities from U.S. exchanges, ThinkMarkets does allow trading of such securities on international markets, unlike Axi.
Both platforms enable copy trading and provide options for trading cryptocurrency derivatives rather than actual cryptocurrencies. In terms of recognition, ThinkMarkets receives a higher rating for its range of investments, scoring 4.5 stars, compared to Axi's 3.5 stars. Furthermore, ForexBrokers.com ranks ThinkMarkets at #21 out of 62 brokers for their range of investments, while Axi holds the #56 position. Together, these aspects highlight ThinkMarkets' broader array of investment opportunities compared to Axi.
| 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.
Both ThinkMarkets and Axi provide traders with a solid range of trading platforms and tools to enhance their online trading experience. ThinkMarkets stands out with its proprietary platform, developed in-house, alongside the widely used MetaTrader 4 and MetaTrader 5 platforms, whereas Axi offers only MetaTrader 4. Both brokers cater to traders who prefer Windows-based desktop applications, as well as those who favor web-based platforms for trading flexibility. Additionally, both ThinkMarkets and Axi offer copy trading, enabling users to replicate the trades of successful traders effortlessly. However, Axi features the popular ZuluTrade for social trading while ThinkMarkets does not. For those looking to explore trading risk-free, both brokers offer demo accounts.
When it comes to charting tools, both ThinkMarkets and Axi support trading directly from charts, providing 15 drawing tools to aid in technical analysis. While ThinkMarkets allows the inclusion of 15 columns in watch lists, Axi offers 7, providing slightly less customization for tracking selected stocks and assets. Overall, ThinkMarkets receives a 4-star rating for its trading platforms and tools, ranking at #28 among 62 brokers reviewed by ForexBrokers.com, indicating a strong position compared to Axi’s #62 ranking and slightly lower 3.5-star rating. This makes ThinkMarkets a favorable option for traders seeking comprehensive platform capabilities.
| 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 apps, both ThinkMarkets and Axi cater to iPhone and Android users, providing stock and forex price alerts as well as the capability to draw trendlines on charts. However, ThinkMarkets stands out with a substantial offering of 94 technical studies for charting, compared to Axi's 30. Additionally, while both platforms allow users to view multiple time frames like daily, weekly, or intraday, ThinkMarkets has the added advantage of automatically saving chart drawings. Users can create watchlists with real-time quotes on both apps, though neither supports syncing these watchlists with online accounts.
In terms of ratings, ThinkMarkets boasts a 4-star rating for its mobile app experience, surpassing Axi's 3.5 stars. The distinction extends to rankings too, where ThinkMarkets secures the 20th spot in ForexBrokers.com's Mobile Trading Apps category out of 62 brokers, while Axi comes in at 59th. This suggests that while both platforms are reliable choices for mobile trading, ThinkMarkets might provide a more enhanced user experience, especially for those interested in comprehensive technical analysis features.
| 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 offerings, investors seeking daily market commentary will find ThinkMarkets more appealing, as it provides this feature, unlike Axi. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters. In terms of research tools, Axi stands out with its inclusion of Autochartist, a notable resource in technical and fundamental analysis, while ThinkMarkets does not offer such tools from Autochartist or Trading Central. However, both ThinkMarkets and Axi provide sentiment-based trading tools to show the ratio of long or short positions across various instruments, aiding traders in market analysis.
ThinkMarkets supports traders with a tool from Acuity Trading, a service that Axi lacks. When it comes to keeping traders informed, both platforms feature economic calendars to track global news events. Ratings from ForexBrokers.com show ThinkMarkets slightly ahead, earning 3.5 stars compared to Axi's 3 stars for research. Additionally, within a comparison of 62 brokers, ThinkMarkets ranks at #50 in the research category, while Axi trails at #55. This indicates that while both brokers offer similar baseline features, ThinkMarkets holds a slight edge in overall research capabilities.
| 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.
When it comes to educational resources for beginners, both ThinkMarkets and Axi offer a range of materials to help new traders learn about forex and CFDs. Each broker provides a minimum of 10 educational resources, including articles, videos, and archived webinars focusing on these topics. Both also arrange online webinars for clients at least once a month, though ThinkMarkets takes it a step further by maintaining a searchable archive of past webinars, offering easy access to previously recorded sessions. ThinkMarkets and Axi both cater to beginners with at least 10 educational videos tailored specifically for this audience. However, ThinkMarkets surpasses Axi with additional advanced educational videos that delve into topics suitable for experienced traders. Additionally, each platform provides an investor dictionary, including definitions of over 50 investing terms. Despite these offerings, ThinkMarkets receives a slightly higher rating of 3.5 stars for education compared to Axi's 3 stars.
Although ThinkMarkets appears to have a slight edge in the quantity and variety of educational materials for beginners, Axi holds a better rank in education according to ForexBrokers.com, placed at #27 out of 62 brokers compared to ThinkMarkets' #52. This suggests that while Axi might not have as expansive a library as ThinkMarkets in certain aspects, the materials it provides are well-regarded and appreciated by many users. Such rankings can be a compelling factor for beginners when deciding between these two brokers, as it indicates the perceived value and effectiveness of their educational tools. Ultimately, both brokers offer substantial educational support, but beginners might want to consider their specific needs and learning preferences when making a choice.
| 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 62 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 | |
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| Overall | ThinkMarkets | Axi | |
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| Trust Score | 92 | 82 | |
| Winner | check_circle | ||
| Review |
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