BlackBull Markets vs. Axi
If you are reading this article, you’re likely having trouble deciding whether BlackBull Markets or Axi is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this BlackBull Markets versus Axi review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
|Axi (visit site)
|BlackBull Markets (visit site)
|ASIC, FCA, FSA
Type of Broker:
U.S. Clients Allowed:
Commissions / Spreads:
Features and Platforms
Traders looking for a Forex broker with one of the lowest pricing environments, deep liquidity, and superior trade execution will feel at home at ECN/NDD broker BlackBull Markets. While this broker does not offer competitive trading tools or value-added services, most of the core trading environment remains superb. Axi stands out with third-party trading tool PsyQuation, an advanced educational tool built with AI/ML components, and Axi Select, a rare service funding talented traders. Both brokers present the core MT4 trading platform, VPS hosting, and API trading for evolved algorithmic trading solutions. BlackBull Markets also offers the TradingView platform.
|Type of Platform:
|MetaTrader 4, MetaTrader 5, Web-based
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
BlackBull Markets notes 300+ trading instruments, but it is unclear what they are. The MT4 trading platform shows 31 currency pairs, four commodity CFDs, and twelve index CFDs. It places BlackBull Markets at the bottom of available markets, with cryptocurrency and equity CFD trading missing. It makes BlackBull Markets most suitable for high-frequency traders and scalpers. Axi maintains 75 currency pairs, six cryptocurrency CFDs, and 20 commodity CFDs and futures contracts. While 31 index CFDs and futures are available, equity CFD trading is equally absent. Axi presents a better overall balance, but neither shines with its asset selection.
Typical Spreads and Fees
Trading costs at BlackBull Markets are one of the best across the industry. The commission-free mark-up is 0.8 pips or $8 per 1.0 standard lot, while the commission-based alternative commences from 0.1 pips for a commission of $6 for a combined $7 fee. While Axi lists a minimum spread of 0.4 pips or $4 per 1.0 lot, the average trading cost remains similar to BlackBull Markets. Once considering swap rates on leveraged overnight positions, BlackBull Markets pulls ahead of Axi. Traders will face third-party payment processor costs, but BlackBull Markets also levies a $5 withdrawal levy.
Security and Trust
The primary regulator of BlackBull Markets is the New Zealand FMA. BBG Limited, authorized by the Seychelles FSA, caters to most international traders with a highly competitive trading environment. Axi has primary oversight from the ASIC, but the bulk of its global business derives from its unregulated St. Vincent & the Grenadines unit. Axi has membership with the Hong Kong-based Financial Commission. Therefore, traders receive additional protection via the €20,000 investor compensation fund. It delivers more security compared to its ASIC-regulated business. Client deposits remain segregated at both, but Axi also protects traders via negative balance protection.
Axi vs blackbull Markets – Verdict
Both brokers offer algorithmic traders an excellent trading environment. VPS hosting and API trading ensure advanced trading solutions can connect and trade 24/5 with low latency. BlackBull Markets and Axi offer the out-of-the-box MT4 trading platform, the leader for automated trading, which comes with an integrated copy trading service. Axi expands its offering with Myfxbook Autotrade. BlackBull Markets grants high-frequency traders and scalpers a distinct advantage with trading costs, where it maintains one of the most competitive ones available. Traders must deposit $2,000 to get access to it, but the institutional-grade pricing makes it well worth it. Axi trader requires no minimum and ensures all types of traders have flexibility with financial transactions. Axi offers traders PsyQuation, an AI/ML solution assisting traders in becoming more profitable. BlackBull Markets and Axi provide a competitive trading environment to consider. It remains dependent on the individual preferences of traders.
You might also be interested in reviewing the below broker comparisons:
Which trading platform is better: BlackBull Markets or Axi?
The core MT4 trading platform is available at BlackBull Markets and Axi, and neither broker presents an upgrade package. Traders get more value-added services at Axi, placing it ahead of BlackBull Markets in this category.
Which is the more reliable broker?
Both brokers rank equal in reliability, with BlackBull Markets and Axi maintaining a clean regulatory track record. Axi presents a more secure trading environment, including an investor compensation fund and negative balance protection.
What are the minimum deposits for these brokers?
BlackBull Markets has no minimum deposit requirement, and $2,000 grants access to the competitive pricing environment. There is no minimum requirement at Axi.
Which broker is better for beginner traders?
Beginner traders have a superior service at Axi, with third-party solution PsyQuation at the core. It also includes tutorials and other resources unavailable at BlackBull Markets.