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Axi vs BlackBull Markets Forex Broker Comparison

A head-to-head comparison of Axi and BlackBull Markets across regulation, trading costs, platforms, and editorial scoring.

Axi

Axi

Score 4.1 / 5
2 bonuses

No minimum deposit, strong ASIC regulation, excellent MT4 infrastructure for EA traders, DXtrade for a modern web experience, and competitive Pro account pricing.

Visit Axi
VS
BlackBull Markets

BlackBull Markets

Score 4.1 / 5
2 bonuses

New Zealand-regulated ECN broker with all three major platforms, no minimum deposit on standard accounts, and good Asia-Pacific coverage.

Visit BlackBull Markets
Our Verdict
Too close to call

Axi and BlackBull Markets are extremely closely matched with scores of 4.1/5 and 4.1/5. The right choice depends on your individual trading priorities.

Verdict by Trader Profile

Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.

Best for low cost trading
It's a tie
Both equally suited

Both brokers offer spreads from 0 pips.

Best for safety & regulation
Axi
Axi
Recommended

Axi has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.

Best for active traders
BlackBull Markets
BlackBull Markets
Recommended

BlackBull Markets has a cost edge: lower commission ($6/lot).

Best for platform choice
BlackBull Markets
BlackBull Markets
Recommended

BlackBull Markets offers more exclusive platform options: MetaTrader 5, cTrader, TradingView.

Best for beginners
It's a tie
Both equally suited

Both brokers share the same editorial score of 4.1/5 and the same minimum deposit requirement, making them equally suited for new traders.

Axi vs BlackBull Markets: Side-by-Side Forex Broker Comparison

Score
= highlighted score shows which broker leads in that category
AxiAxi
BlackBull MarketsBlackBull Markets
Editorial score
4.1/ 5
4.1/ 5
Score Breakdown
Trust & Regulation
40% weight
4.2 / 5▲
4.1 / 5
Fees & Spreads
30% weight
4.2 / 5
4.3 / 5▲
Platforms & Tools
20% weight
3.9 / 5
4.0 / 5▲
Customer Support
10% weight
3.9 / 5▲
3.8 / 5
Founded20072014
HeadquartersSydney, AustraliaAuckland, New Zealand
Min depositNo minimumNo minimum
Spreads from0 pips0 pips
Commission / lot$7/lot$6/lot
Max leverage500:1500:1
Withdrawal feeFreeFree
Regulators
FCA
ASIC
DFSA
FMA
FSC
Platforms
MetaTrader 4
DXtrade
MetaTrader 4
MetaTrader 5
cTrader
TradingView
DXtrade
Active bonuses
Visit brokerVisit Axi Visit BlackBull Markets

Axi vs BlackBull Markets Forex Broker Pros & Cons

AxiAxi
BlackBull MarketsBlackBull Markets

Pros

No minimum deposit

Strong ASIC, FCA, and DFSA regulation

MT4-focused with excellent EA and algorithmic trading support

No inactivity fee

Client funds held in segregated accounts

Negative balance protection

Investor compensation scheme coverage

Raw spread account available

No deposit fees

MetaTrader 4 and MetaTrader 5 supported

Mobile trading app available

Advanced charting tools included

Transparent pricing with clear cost disclosure

24/5 live chat support

Phone support available

Multilingual customer support

Pros

Supports all three major platforms: MT4, MT5, and cTrader

Regulated under FSC - well-established for offshore clients

No minimum deposit on standard account

Good for Asia-Pacific timezone traders

Regulated by top-tier authorities (FCA, ASIC, CySEC)

Client funds held in segregated accounts

Negative balance protection

Raw spread account available

No deposit fees

No inactivity fee

MetaTrader 4 and MetaTrader 5 supported

Mobile trading app available

Advanced charting tools included

Transparent pricing with clear cost disclosure

24/5 live chat support

Phone support available

Multilingual customer support

Cons

No MT5 or cTrader support

Pro account commission of $7/lot is above some ECN peers

Research and education tools are more limited than some peers

No proprietary platform

Cons

ECN commission of $6/lot round-turn is above some peers

Customer support timezone is NZ-centric

Brand recognition outside APAC is limited

No investor compensation scheme

No proprietary platform

Axi vs BlackBull Markets: Detailed Category Breakdown

A closer look at the specific criteria each broker meets or misses within each scoring category.

1
Axi
criteria win
Ahead
0
BlackBull Markets
criteria wins
Highlighted rows show where the two brokers differ
CriteriaAxiBlackBull Markets
Trust & Regulation
Top-tier regulator (FCA, ASIC, CFTC, etc.)
Pass
Pass
Segregated client funds
Pass
Pass
Negative balance protection
Pass
Pass
Compensation scheme (e.g. FSCS)
Pass
Fail
Fees & Spreads
Raw/ECN spreads available
Pass
Pass
No deposit fee
Pass
Pass
No inactivity fee
Pass
Pass
Transparent pricing page
Pass
Pass
Platforms & Tools
MT4/MT5 available
Pass
Pass
Proprietary platform
Fail
Fail
Mobile app
Pass
Pass
Advanced charting tools
Pass
Pass
Customer Support
24/5 live chat
Pass
Pass
Phone support
Pass
Pass
Multilingual support
Pass
Pass

Axi vs BlackBull Markets: Frequently Asked Questions

Axi and BlackBull Markets share the same editorial score of 4.1/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.

Both Axi and BlackBull Markets offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.

Neither Axi nor BlackBull Markets requires a minimum deposit, making both accessible regardless of starting capital.

Both Axi and BlackBull Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.

For beginners: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.

Axi offers maximum leverage of 500:1, while BlackBull Markets offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.

BlackBull Markets charges $6 per lot, lower than Axi's $7 per lot. Lower commissions benefit active traders who execute many trades per day.

Axi supports MetaTrader 4, DXtrade and BlackBull Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, DXtrade; both support MetaTrader 4, DXtrade; BlackBull Markets exclusively offers MetaTrader 5, cTrader, TradingView.

Ready to get started?

Open an account directly with the broker that suits you best.

Axi

Axi

Score 4.1 / 5

Visit Axi
BlackBull Markets

BlackBull Markets

Score 4.1 / 5

Visit BlackBull Markets

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