Axi or BlackBull Markets 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 Axi review versus BlackBull Markets, we outline the highlights of each trading platform to help you make a more informed decision.
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SR
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Headquarters
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Australia | New Zealand |
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Regulators
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N/A | FMA, FSA |
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Owned by Public Company?
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Year Established
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2007 | 2014 |
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Execution Type(s)
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ECN/STP, Market Maker | ECN/STP, No Dealing Desk |
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Minimum Deposit
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0$ | $0 |
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Negative Balance Protection
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N/A | |
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Trading Platform(s)
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MetaTrader 4, MetaTrader 5, Web-based, ATpro platforms | MetaTrader 4, MetaTrader 5, cTrader, Trading View |
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Average Trading Cost EUR/USD
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1.2 pips | 1.3 pips |
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Average Trading Cost GBP/USD
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1.3 pips | 2.0 pips |
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Average Trading Cost WTI Crude Oil
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$0.03 | $0.03 |
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Average Trading Cost Gold
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$0.16 | $0.90 |
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Retail Loss Rate
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N/A | Undisclosed |
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Minimum Raw Spreads
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N/A | 0.0 pips |
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Minimum Standard Spreads
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N/A | 0.8 pips |
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Minimum Commission for Forex
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N/A | $6.00 per round lot |
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Islamic Account
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Yes | Yes |
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Signals
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Yes | Yes |
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US Persons Accepted?
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No | No |
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Managed Accounts
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Yes | No |
| Visit Website | Visit Website |
Features and Platforms
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MT4
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MT5
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MT4/MT5 Add-Ons
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No | Yes |
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cTrader
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Proprietary Platform
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Automated Trading
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Yes | Yes |
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Social/Copy Trading
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No | Yes |
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DOM?
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Yes | Yes |
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Guaranteed Stop Loss
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No | Yes |
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Scalping
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Yes | Yes |
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Hedging
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Yes | Yes |
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One-Click Trading
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Yes | Yes |
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OCO Orders
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No | No |
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Interest on Margin
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No | No |
| Visit Website | Visit Website |
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 Psy Quation, 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.
Available Markets
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Currency Pairs
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No | Yes |
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Cryptocurrencies
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No | Yes |
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Commodities
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Yes | Yes |
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Crude Oil
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Yes | Yes |
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Gold
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Yes | Yes |
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Metals
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Yes | Yes |
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Equity Indices
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Yes | Yes |
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Stocks (non-CFDs)
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Yes | Yes |
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Bonds
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No | No |
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ETFs
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Yes | No |
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Options
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No | No |
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Futures
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Yes | No |
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Synthetics
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No | No |
| Visit Website | Visit Website |
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.
Typical Spreads and Fees
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Average Trading Cost EUR/USD
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1.2 pips | 1.3 pips |
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Average Trading Cost GBP/USD
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1.3 pips | 2.0 pips |
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Average Trading Cost WTI Crude Oil
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$0.03 | $0.03 |
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Average Trading Cost Gold
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$0.16 | $0.90 |
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Average Trading Cost Bitcoin
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$18 | $24 |
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Minimum Raw Spreads
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No | 0.0 pips |
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Minimum Standard Spreads
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No | 0.8 pips |
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Minimum Commission for Forex
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No | $6.00 per round lot |
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Deposit Fee
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No | No |
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Withdrawal Fee
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No | No |
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Inactivity Fee
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No | No |
| Visit Website | Visit Website |
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.
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.