Axi (AxiTrader)
Visit

74.6% of retail CFD accounts lose money.

Vs.

BlackBull Markets
Visit

Your Capital is at risk.

Axi (AxiTrader) Vs. BlackBull Markets - Compare and Choose the Right One

Updated May 13 2022

Visit

74.6% of retail CFD accounts lose money.

Visit

Your Capital is at risk.

Overview

Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.

BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.

Best For
  • Experienced FX Traders looking to benefit from their custom account offering
  • High volume traders looking to benefit from their 0 pips spreads
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

3

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FCA (Uk)
  • ADGM (United Arab Emirates)
  • SVGFSA (St. Vincent & the Grenadines)
  • FMA (New Zealand)
  • FSAS (Seychelles)
The Good
  • Competitive account offering for all trader levels with spreads from 0 pips
  • Competitive spreads in their ECN PRIME account (From 0.1 Pips)
  • MT4 & 5 platforms offered
The Bad
  • All assets are CFDs (No real stocks or ETFs offered)
  • Extremely low asset offering (around 150 instruments)
  • Their standard asset offering is very low (over 300 instruments)
  • Share trading requires a separate platform with a different onboarding
  • Commissions are above average and share trading fees are a mystery
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day minimum (may take longer) 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2007 2014
💳 Minimum Deposit
€, £, $, ¥ - 0 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • Giropay
  • iDeal
  • Polish Internet Banking
  • Global Collect
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
💵 Account Base Currencies
10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD 9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US US, CA, SY, IR.
📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
No Yes
Assets
📚 Available Assets

CFDs on stocks, commodities, currencies, cryptocurrencies, indices and ETFs.

  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
50 23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
140+ 64
📗 Commodities
14 15
📕 Indices
14 13
📔 ETFs
N/A N/A
💸 Cryptocurrencies
11 8
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

Axi offers only CFD products. This means popular asset classes like real stocks and ETFs are not available.

All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
0.01 lots N/A
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
0.01 lots N/A
📉 Minimum FX Trade Size
0.01 lots $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
0.01 lots N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:400 Up to 1:500
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes (only for share trading)
📱 Android App
Yes Yes (only for share trading)
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes (MT4 & 5)
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes (only on mobile devices) Yes (only for share trading)
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

$10 monthly after 1 year of inactivity.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

💰 Commissions

Yes depending on account type (Standard: Zero, Pro: $3.50 per lot, Elite: $1.75 per lot)

  • ECN Standard has no fees.
  • ECN PRIME has a $6 commission per lot round turn

In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

Spreads
📈 EUR/USD
Dynamic - From 0 to 1.4 Pips From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From 90 Pips From 5.5 Pips
📈 GOLD
Dynamic - From 20 Pips From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.45 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market spread
📉 BTC
Dynamic - From $40 N/A
Research and Analysis
⭐ Watchlists
No Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

By using TheTradingBible.com's website you agree to the use of cookies.