Compare Axi vs BlackBull Markets
What is Axi? What is BlackBull Markets?
Axi is a forex broker that was founded in 2007 and is regulated by ASIC, FCA and FSA. It offers trading in 75 currency pairs, 6 cryptocurrency CFDs, 20 commodity CFDs and futures, and 31 index CFDs and futures. It also provides third-party trading tools such as PsyQuation and Axi Select.
BlackBull Markets is a forex broker that was founded in 2014 and is regulated by FSPR, FMA and FSA. It offers trading in 64 currency pairs, 11 cryptocurrency CFDs, 21 commodity CFDs, 15 index CFDs, and 350 share CFDs. It also provides social and copy trading tools such as ZuluTrade and Myfxbook.
Axi vs BlackBull Markets Regulation Comparison
| Feature | Axi | BlackBull Markets |
|---|---|---|
| ASIC (Australia) | Yes | No |
| FCA (UK) | Yes | No |
| FMA (New Zealand) | No | Yes |
| DFSA (Dubai) | Yes | No |
| FSA (Seychelles) | Yes | Yes |
Axi vs BlackBull Markets Trading Assets Comparison
| Feature | Axi | BlackBull Markets |
|---|---|---|
| Currency Pairs | 75+ | 64+ |
| Cryptocurrency CFDs* | 6+ | 11+ |
| Index CFDs | 31+ | 15+ |
| Share CFDs | No | 350+ |
| Commodities CFDs | 20+ | 21+ |
Axi vs BlackBull Markets Trading Fees Comparison
| Feature | Axi | BlackBull Markets |
|---|---|---|
| EUR/USD Avg. Raw Spread | – | 0.23 pips |
| GBP/USD Avg. Raw Spread | – | 0.72 pips |
| AUD/USD Avg. Raw Spread | – | 0.65 pips |
| EUR/USD Standard Spread | 1.2 pips | 1.2 pips |
| Commissions (USD Base) | $3.50 per lot round turn | $3.00 per lot round turn |
| Minimum Deposit | $0 | $50 |
| Swap Free Account | No | No |
Axi vs BlackBull Markets Account Types Comparison
Axi offers two account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but charges commissions. Both accounts have a minimum deposit of $0 and a maximum leverage of up to 500:1 (depending on the jurisdiction). Axi also offers an Active Trader program for high-volume traders who can enjoy reduced commissions, rebates, and other benefits.
BlackBull Markets offers three account types: Standard, Prime, and Institutional. The Standard account has no commissions but higher spreads, while the Prime and Institutional accounts have lower spreads but charge commissions. The minimum deposit for the Standard account is $50, while the Prime account is $2000, and the Institutional account is $20,000. The maximum leverage for all accounts is up to 500:1.
Axi vs BlackBull Markets Deposit Options Comparison
Axi supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards, Skrill, Neteller, BPAY, POLi, UnionPay, Global Collect, Ngan Luong, Broker to Broker Transfer, FasaPay, and Bitcoin Wallet. Axi does not charge any fees for deposits or withdrawals, but third-party fees may apply.
BlackBull Markets supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards, Skrill, Neteller, UnionPay, FasaPay, SticPay, DragonPay, Ngan Luong. BlackBull Markets does not charge any fees for deposits or withdrawals, but third-party fees may apply.
Axi vs BlackBull Markets Trading Platforms Comparison
Both Axi and BlackBull Markets offer the MT4 trading platform, which is one of the most popular and widely used platforms in the forex industry. MT4 supports automated trading, custom indicators, charting tools, and various order types. Both brokers also offer VPS hosting and API trading for advanced traders who want to run their trading algorithms 24/7.
BlackBull Markets also offers the MT5 trading platform, which is an upgraded version of MT4 with more features and functionalities. MT5 supports more markets, more order types, more indicators, and more analytical tools than MT4. BlackBull Markets also offers the TradingView platform, which is a web-based platform that provides advanced charting, social trading, and market analysis.
Axi vs BlackBull Markets Analytical Tools Comparison
Axi provides some analytical tools such as economic calendar, market news, trading signals, and Autochartist. Axi also provides a unique tool called PsyQuation, which is an AI-powered analytics platform that helps traders improve their performance and reduce their risk. PsyQuation provides personalized feedback, alerts, recommendations, and insights based on the trader’s behavior and trading style.
BlackBull Markets provides some analytical tools such as economic calendar, market news, trading signals, and Autochartist. BlackBull Markets also provides social and copy trading tools such as ZuluTrade and Myfxbook, which allow traders to follow and copy other successful traders or share their own trades with others.
Axi vs BlackBull Markets. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and risk appetite. However, here are some pointers on how to compare them and what factors to consider:
- Compare their regulations and licenses. The more regulations they have, the more secure and trustworthy they are. Axi has more regulations than BlackBull Markets, which means it has to comply with more rules and standards.
- Compare their trading assets and markets. The more assets and markets they offer, the more opportunities and diversification they provide. Axi has more markets than BlackBull Markets, which means it has more variety and choice.
- Compare their trading fees and costs. The lower the fees and costs, the more profit you can keep. BlackBull Markets has lower commissions than Axi, which means it has lower trading costs.
- Compare their account types and features. The more account types and features they offer, the more flexibility and customization they provide. BlackBull Markets has more account types than Axi, which means it has more options and preferences.
- Compare their trading platforms and tools. The more platforms and tools they offer, the more functionality and convenience they provide. BlackBull Markets has more platforms than Axi, which means it has more features and capabilities.
You can also read some reviews and testimonials from other traders who have used both brokers or try their demo accounts to test their service and performance. Ultimately, the best forex broker for you is the one that fits your needs and expectations.
