Compare Tickmill vs FXGiants
What is Tickmill? What is FXGiants?
Tickmill is a trade name of Notesco Limited, a company registered in Bermuda and regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority (FSA) in Seychelles. Tickmill offers trading on over 80 currency pairs, CFDs on indices, commodities, bonds, cryptocurrencies and stocks on the MetaTrader 4 and MetaTrader 5 platforms.
FXGiants is also a trade name of Notesco Limited, but it operates under different websites and regulations depending on the region. FXGiants offers trading on over 200 instruments, including forex, metals, indices, commodities, futures, stocks and cryptocurrencies on the MetaTrader 4 platform.
Tickmill vs FXGiants Regulation Comparison
Both Tickmill and FXGiants are regulated by the FCA in the UK, which is one of the most reputable and strict regulators in the world. The FCA requires brokers to adhere to high standards of financial security, transparency and customer protection. Both brokers also offer negative balance protection, meaning that clients cannot lose more than their initial deposit.
However, Tickmill and FXGiants also operate under other jurisdictions that may have different rules and regulations. For example, Tickmill has a license from the FSA in Seychelles, which is a less stringent regulator than the FCA. FXGiants has licenses from the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the South African Financial Sector Conduct Authority (FSCA), which have varying degrees of oversight and protection.
Here is a table that compares the different entities of Tickmill and FXGiants:
| Entity | Regulator | Compensation Scheme | Leverage |
|---|---|---|---|
| Tickmill UK Ltd | FCA | Up to £85,000 | Up to 1:30 |
| Tickmill Ltd | FSA | None | Up to 1:500 |
| FXGiants UK Ltd | FCA | Up to £85,000 | Up to 1:30 |
| FXGiants AU Pty Ltd | ASIC | None | Up to 1:500 |
| FXGiants BM | None | None | Up to 1:1000 |
| FXGiants CY Ltd | CySEC | Up to €20,000 | Up to 1:30 |
| FXGiants ZA Pty Ltd | FSCA | None | Up to 1:500 |
Tickmill vs FXGiants Trading Assets Comparison
Both Tickmill and FXGiants offer a wide range of trading assets, including forex, metals, indices, commodities, futures, stocks and cryptocurrencies. However, the number and availability of these assets may vary depending on the account type and the entity.
Here are some of the differences between Tickmill and FXGiants in terms of trading assets:
- Tickmill offers more currency pairs (80+ vs 50+) than FXGiants.
- Tickmill offers CFDs on German and US bonds, while FXGiants does not.
- FXGiants offers CFDs on ETFs (exchange-traded funds), while Tickmill does not.
- FXGiants offers more cryptocurrencies (12 vs 5) than Tickmill.
- FXGiants offers more stock CFDs (500+ vs 120+) than Tickmill.
Tickmill vs FXGiants Trading Fees Comparison
Both Tickmill and FXGiants charge fees for trading in the form of spreads, commissions and swaps. The amount of these fees may depend on the account type, the instrument, the trading volume and the market condition
Here are some of the differences between Tickmill and FXGiants in terms of trading fees:
- Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commission but higher spreads, while the Pro and VIP accounts have lower spreads but charge a commission of $4 per lot round turn. The minimum deposit for all accounts is $100.
- FXGiants offers six account types: Micro, Premium, Zero Fixed Spread, Zero Spread STP/ECN, Absolute Zero STP/ECN and Absolute Zero Plus STP/ECN. The Micro and Premium accounts have no commission but higher spreads, while the other accounts have lower or zero spreads but charge a commission ranging from $6 to $18 per lot round turn. The minimum deposit for the Micro account is $100, while the other accounts require $500 or more.
- Tickmill claims to offer some of the lowest spreads in the industry, starting from 0 pips on the Pro and VIP accounts. FXGiants also claims to offer competitive spreads, starting from 0 pips on the Zero Spread STP/ECN and Absolute Zero STP/ECN accounts.
- Tickmill and FXGiants both charge swap fees for holding positions overnight, which are based on the interest rate differential between the two currencies involved. However, Tickmill also offers Islamic accounts that are swap-free for clients who follow the Sharia law. FXGiants does not offer Islamic accounts.
Tickmill vs FXGiants Account Types Comparison
Both Tickmill and FXGiants offer different account types that cater to different trading styles and preferences. Here is a summary of the main features and benefits of each account type:
| Account Type | Tickmill | FXGiants |
|---|---|---|
| Classic | – No commission- Spreads from 1.6 pips- Minimum deposit $100- Maximum leverage 1:500 | – No commission- Spreads from 1.1 pips- Minimum deposit $100- Maximum leverage 1:500 |
| Pro | – Commission $4 per lot- Spreads from 0 pips- Minimum deposit $100- Maximum leverage 1:500 | – Commission $6 per lot- Spreads from 0.7 pips- Minimum deposit $500- Maximum leverage 1:500 |
| VIP | – Commission $2 per lot- Spreads from 0 pips- Minimum balance $50,000- Maximum leverage 1:500 | – Commission $6 per lot- Spreads from 0.2 pips- Minimum balance $20,000- Maximum leverage 1:200 |
| Zero Fixed Spread | N/A | – Commission $18 per lot- Fixed spreads from 0 pips- Minimum deposit $500- Maximum leverage 1:200 |
| Zero Spread STP/ECN | N/A | – Commission $9 per lot- Spreads from 0 pips- Minimum deposit $500- Maximum leverage 1:200 |
| Absolute Zero STP/ECN | N/A | – No commission- Spreads from -0.3 pips- Minimum deposit $500- Maximum leverage 1:200 |
| Absolute Zero Plus STP/ECN | N/A | – No commission- Spreads from -0.3 pips- Minimum deposit $20,000- Maximum leverage 1:200 |
Tickmill vs FXGiants Deposit Options Comparison
Both Tickmill and FXGiants offer various methods for depositing and withdrawing funds, such as bank wire transfer, credit/debit cards, e-wallets and local payment methods. However, the availability and processing time of these methods may vary depending on the entity, the currency and the country of residence.
Here are some of the differences between Tickmill and FXGiants in terms of deposit and withdrawal options:
- Tickmill does not charge any fees for deposits or withdrawals, except for bank wire transfers that may incur intermediary bank fees. FXGiants does not charge any fees for deposits, but may charge fees for withdrawals depending on the method and the amount.
- Tickmill processes deposits and withdrawals within one working day, except for bank wire transfers that may take up to seven working days. FXGiants processes deposits within one working day, but withdrawals may take up to five working days depending on the method.
- Tickmill offers more e-wallet options than FXGiants, such as Skrill, Neteller, FasaPay, UnionPay, SticPay and NganLuong.vn. FXGiants only offers Skrill and Neteller as e-wallet options.
- FXGiants offers more local payment options than Tickmill, such as Dotpay, Przelewy24, Sofort, Giropay, iDeal, Trustly and Rapid Transfer. Tickmill only offers Dotpay as a local payment option.
Tickmill vs FXGiants Trading Platforms Comparison
Both Tickmill and FXGiants use the MetaTrader 4 platform as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news and analysis.
However, Tickmill also offers the MetaTrader 5 platform, which is an upgraded version of MetaTrader 4 that has more features and capabilities, such as more timeframes, more order types, more indicators, more instruments and a built-in economic calendar.
FXGiants does not offer MetaTrader 5, but it offers other platforms that may suit different trading needs and preferences. These include:
- PMAM: A platform that allows traders to manage multiple MT4 accounts with different strategies and risk profiles from a single interface.
- VPS: A service that provides traders with a remote server to run their EAs without interruptions or delays.
- Signal Centre: A tool that provides traders with human and AI-driven analysis and actionable trading ideas across multiple CFD asset classes, right on their MT4 or MT5 platform.
Therefore, both Tickmill and FXGiants offer reliable and versatile trading platforms, but they have different options and features that may appeal to different types of traders.
Tickmill vs FXGiants Analytical Tools Comparison
Both Tickmill and FXGiants offer various analytical tools to help traders perform technical analysis, monitor market trends, identify trading opportunities and manage their risks. However, the type and quality of these tools may differ depending on the broker.
Here are some of the differences between Tickmill and FXGiants in terms of analytical tools:
- Tickmill offers Autochartist, a powerful technical analysis tool that scans the markets and detects chart patterns and key price levels across a wide range of Forex and CFD instruments. Autochartist also provides traders with market reports, performance statistics, forecast ranges, volatility analysis and more.
- FXGiants does not offer Autochartist, but it offers Signal Centre, a tool that provides traders with human and AI-driven analysis and actionable trading ideas across multiple CFD asset classes, right on their MT4 or MT5 platform.
- Tickmill offers the Advanced Trading Toolkit, a kit of 13 individual applications and 15 indicators that enhance the MT4 and MT5 platforms with features such as trade terminal, alarm manager, session map, correlation matrix, stealth orders, tick chart trader and more.
- FXGiants does not offer the Advanced Trading Toolkit, but it offers PMAM and VPS as additional platforms that allow traders to manage multiple MT4 accounts with different strategies and risk profiles from a single interface, and to run their EAs without interruptions or delays.
- Tickmill offers more technical indicators than FXGiants on the MT4 and MT5 platforms, such as Renko bars, Pivot points, chart-grouping, highs and lows, order history, candle countdown, and freehand drawing.
- FXGiants offers fewer technical indicators than Tickmill on the MT4 platform, but it offers some custom indicators such as FXGiants Trend Indicator, FXGiants MACD Indicator and FXGiants Moving Average Indicator.
Therefore, both Tickmill and FXGiants offer useful and advanced analytical tools, but they have different options and features that may suit different trading styles and preferences.
Tickmill vs FXGiants. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal trading goals, preferences and risk appetite. However, here are some factors that can help you decide:
- If you are looking for a broker that offers more currency pairs, bonds, cryptocurrencies and stock CFDs, you may prefer Tickmill over FXGiants.
- If you are looking for a broker that offers a wide range of metals, indices, commodities, futures, ETFs and local settlement options, you may prefer FXGiants over Tickmill.
- If you are looking for a broker that offers lower spreads and commissions, you may prefer Tickmill over FXGiants, especially if you choose the Pro or VIP account type.
- If you are looking for a broker that offers more account types and leverage options, you may prefer FXGiants over Tickmill, especially if you choose Zero Fixed Spread, Zero Spread STP/ECN or Absolute Zero account types. STP/ECN.
- If you are looking for a broker that offers Autochartist, MetaTrader 5 and Advanced Trading Kit, you may prefer Tickmill over FXGiants.
- If you are looking for a broker that offers Signal Center, PMAM, VPS and custom indicators, you may prefer FXGiants over Tickmill.
Ultimately, the best way to compare Tickmill and FXGiants is to try them out for yourself by opening a demo account and checking out their platforms, services, and features. You can also read online reviews and feedback from other traders who have used both brokers.
