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 the commissions and fees of online brokers Tickmill and Axi, Tickmill stands out for its competitive pricing structure, particularly for active traders. Tickmill offers two types of accounts: Classic and Raw. The Classic account is commission-free, with traders only needing to manage higher average spreads, which are around 1.76 pips as of August 2023. Meanwhile, the Raw account, which replaced the former Pro account, features a new commission rate of $3 per side or $6 per standard lot. This account is designed to offer low typical spreads of 0.11 pips on popular currency pairs like the EUR/USD, though total costs including commission come to 0.71 pips. Despite a recent commission increase, Tickmill maintains its reputation with a 5-star rating in the Commissions and Fees category, ranking #4 among 62 brokers.
On the other hand, while Axi provides a reliable trading experience, detailed average spread data is not readily available for their accounts. Axi receives a modest 4-star rating for its commissions and fees, ranked at #44 out of 62 brokers by ForexBrokers.com.
In summary, Tickmill's competitive pricing schemes, especially with its Raw account, make it a preferred choice for traders focusing on cost-effectiveness. With a low barrier to entry of just $100 and enhanced trading conditions, Tickmill earns its high ratings. Axi, while reputable, offers fewer specifics on spreads, leading to its lower ranking in the commissions and fees category.
| 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 considering the range of investments offered by Tickmill and Axi, both brokers provide a solid foundation for forex traders, as they each support forex trading through CFDs or spot contracts. Tickmill stands out with a total of 725 tradeable symbols, providing a diverse range of options for its clients, while Axi offers 175 tradeable symbols. However, Axi edges ahead in forex pairs with a slight advantage, offering 65 pairs compared to Tickmill's 63 pairs. Importantly, neither broker provides the ability to invest in exchange-traded securities on U.S. or international exchanges, such as shares in major companies like Apple or Vodafone.
For those interested in cryptocurrency, both Tickmill and Axi offer trading in cryptocurrency derivatives, yet neither supports the purchase of actual delivered cryptocurrencies. Copy trading is available with both brokers, enhancing opportunities for traders who wish to replicate the strategies of successful investors. Despite differences in symbol availability, Tickmill and Axi both hold a 3.5-star rating for their range of investments. Notably, in the ForexBrokers.com rankings, Tickmill is placed at #42, ahead of Axi, which is positioned at #55 among 62 brokers reviewed.
| 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.
When comparing the trading platforms and tools provided by Tickmill and Axi, both brokers offer several similar features, yet there are noteworthy differences. Both Tickmill and Axi provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, although Axi does not support MT5. Both brokers also deliver Windows-based desktop platforms, as well as web-based platforms, and offer free virtual demo accounts for simulated trading. However, while Tickmill does not support ZuluTrade, Axi offers this popular social trading platform, giving Axi users an additional option for copy trading. Despite both brokers offering 15 drawing tools and the ability to trade directly from stock charts, Tickmill slightly edges out Axi with a higher user rating of 4 stars against Axi's 3.5 stars for trading platforms and tools.
Delving into their performance in a larger broker evaluation, Tickmill is ranked 32nd out of 62 brokers in the Trading Platforms and Tools category by ForexBrokers.com, whereas Axi is positioned at 62nd. This disparity underscores Tickmill’s relative strength in providing accessible and useful trading platforms and tools. Whilst both brokers refrain from offering proprietary platforms, users can rest assured that Tickmill and Axi present a strong selection of features that cater to the essential needs of traders, whether experienced or new to the trade.
| 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.
Both Tickmill and Axi offer mobile trading apps for both iPhone and Android users, making trading accessible across devices. Their apps allow users to receive stock and forex price alerts, ensuring you stay updated on important market movements. However, neither app supports watchlist symbol syncing, meaning changes made in your watchlist on one device won’t automatically update on another. Both Tickmill and Axi offer 30 technical studies in their app's charting tools, and you can draw trendlines or view multiple time frames such as daily, weekly, or intraday. Yet, when it comes to auto-saving your drawings, only Tickmill provides this feature, adding a layer of convenience for users.
Both platforms let you create a watchlist with real-time quotes, but they differ significantly in user ratings and rankings. Tickmill's mobile app shines with a 4-star rating, placing it at #31 in the Mobile Trading Apps category on ForexBrokers.com. On the other hand, Axi's app, which scores 3.5 stars, is ranked lower at #59. These differences in rating and ranking indicate that while both apps offer essential tools and features, Tickmill may provide a superior user experience for mobile trading enthusiasts.
| 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 in terms of market research offerings, several distinctions become apparent. Tickmill provides daily market commentary, adding to its arsenal of insights for traders, with content sourced from prestigious institutions like Bloomberg and Reuters. Axi similarly offers high-quality forex news from top-tier sources but does not provide daily commentary. Tickmill further enhances its research capabilities with sentiment-based trading tools and resources from Acuity Trading, like the Signal Centre, helping traders make informed decisions. In contrast, Axi benefits from the Autochartist toolkit but lacks additional insights from Acuity Trading, which can limit its breadth of analysis.
Both brokers grant users access to an economic calendar for tracking important events across global economies, ensuring traders can stay informed on potential market movers. While neither offers insights from TipRanks, their research strengths are rated differently; Tickmill earns four stars for its comprehensive offerings and is ranked 22nd out of 62 brokers in the Research category by ForexBrokers.com. Meanwhile, Axi holds a three-star rating, placing it at a lower rank of 55th among its competitors. This suggests that Tickmill may offer a more well-rounded research experience for traders seeking detailed market insights.
| 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.
For beginners seeking to dive into the world of forex and CFDs, both Tickmill and Axi offer a range of educational resources. Both brokers make over ten educational pieces available, including articles and videos on forex and CFDs, and conduct regular online webinars at least once a month. However, Tickmill stands out by offering a searchable archive of recorded webinars, allowing learners to catch up on previous sessions at their own pace. Axi lacks this feature, leaving its clients without on-demand access to past webinar content. Both platforms do provide a solid selection of beginner-friendly videos, with Axi equaling Tickmill in this regard by offering at least ten videos that explain trading concepts in an easy-to-understand manner.
Tickmill edges ahead when it comes to advanced educational offerings, as it delivers over ten videos tailored for experienced traders, a category where Axi falls short. Both brokers support their educational mission with an extensive investor dictionary, each featuring definitions for over 50 investing terms, making them equally accessible for those new to trading language. On the whole, Tickmill receives a higher rating for its educational services, achieving four stars compared to Axi’s three, and ranks 15th out of 62 brokers in the education category by ForexBrokers.com, whereas Axi ranks 27th. This indicates that while both brokers offer valuable resources, Tickmill provides a more comprehensive educational experience for beginners looking to deepen their trading knowledge.
| 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 62 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
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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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