Compare Tickmill vs AvaTrade
What is Tickmill? What is AvaTrade?
Tickmill is an online broker that was founded in 2014 and is regulated by the FCA, CySEC, FSA, LFSA and SC. It offers trading in forex, CFDs, indices, commodities and bonds on the MetaTrader 4 platform. It has a minimum deposit of $100 and offers low spreads and zero commissions. It also supports ECN and PAMM accounts for professional traders.
AvaTrade is an online broker that was founded in 2006 and is regulated by the CBI, ASIC, FSA, FSCA, FSB and others. It offers trading in forex, CFDs, stocks, options, crypto and volatility index on multiple platforms, including MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, Vanilla Options and Social Trading. It has a minimum deposit of $100 and offers a welcome bonus of 20% up to $10,000. It also supports Expert Advisors (EAs), auto trading and copy trading
Tickmill vs AvaTrade Regulation Comparison
Both brokers are regulated by reputable authorities in multiple jurisdictions. However, AvaTrade has more global Tier-1 licenses than Tickmill, which means it is considered more trustworthy and secure. Here is a table that shows the number of licenses each broker holds from different regulators:
| Regulator | Tier | AvaTrade | Tickmill |
|---|---|---|---|
| Australia (ASIC) | 1 | Yes | No |
| Canada (SRO) | 1 | Yes | No |
| Japan (SFC) | 1 | Yes | No |
| United Kingdom (FCA) | 1 | No | Yes |
| Cyprus (CySEC) | 2 | Yes | Yes |
| South Africa (FSCA) | 2 | Yes | Yes |
| UAE (DFSA/Central Bank) | 2 | Yes | Yes |
| Israel (ISA) | 2 | Yes | No |
| British Virgin Islands (FSC) | 3 | Yes | No |
Tickmill vs AvaTrade Trading Assets Comparison
Both brokers offer a wide range of trading assets, including forex, CFDs and commodities. However, AvaTrade has more tradable symbols than Tickmill, which means it offers more diversity and choice for traders. Here is a table that shows the number of trading assets each broker offers:
| Asset Type | AvaTrade | Tickmill |
|---|---|---|
| Forex Pairs | 55 | 63 |
| CFDs (Total) | 1260 | 725 |
| Stocks (CFD) | Yes | No |
| Options (CFD) | Yes | No |
| Crypto (CFD) | Yes | Yes |
| Volatility Index (CFD) | Yes | No |
Tickmill vs AvaTrade Trading Fees Comparison
Both brokers offer competitive trading fees, including low spreads and zero commissions. However, Tickmill has slightly lower average spreads than AvaTrade, which means it offers more cost-effective trading for traders. Here is a table that shows the average spreads for some of the most popular forex pairs each broker offers:
| Forex Pair | AvaTrade Spread (pips) | Tickmill Spread (pips) |
|---|---|---|
| EUR/USD | 0.9 | 0.2 |
| GBP/USD | 1.6 | 0.5 |
| USD/JPY | 1.1 | 0.3 |
| AUD/USD | 1.4 | 0.4 |
Tickmill vs AvaTrade Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. However, Tickmill has more account options than AvaTrade, which means it offers more flexibility and customization for traders. Here is a table that shows the main features of each account type each broker offers:
| Account Type / Feature | AvaTrade Account Types / Features | Tickmill Account Types / Features |
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Maximum Leverage | 1:400 | 1:500 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY | USD, EUR, GBP |
| Islamic Account | Yes | Yes |
| Demo Account | Yes | Yes |
| Standard Account | Yes | No |
| Professional Account | Yes (with higher leverage) | No |
| ECN Account | No | Yes (with lower spreads) |
| VIP Account | No | Yes (with lower spreads and commissions) |
| PAMM Account | No | Yes (for money managers) |
Tickmill vs AvaTrade Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including credit cards, debit cards, e-wallets and bank transfers. However, AvaTrade has more payment methods than Tickmill, which means it offers more convenience and accessibility for traders. Here is a table that shows some of the payment methods each broker offers:
| Payment Method | AvaTrade Payment Methods | Tickmill Payment Methods |
|---|---|---|
| Credit Card / Debit Card | Visa, Mastercard, JCB Card | Visa |
| E-Wallets | Skrill, Neteller, Perfect Money, FasaPay, WebMoney, Boleto, MoneyGram, Western Union | Skrill, Neteller, Perfect Money, FasaPay, WebMoney, GlobePay, M-Pesa, Paysafecard, QIWI, Rapid Transfer, Sticpay |
| Bank Transfer / Wire Transfer | Swift | Swift |
| Minimum Deposit / Withdrawal Amount | $100 / $50 | $100 / $25 |
| Deposit / Withdrawal Fees | None / Some methods are slow and may incur fees from third parties or banks. Inactivity fee after three months. | None / None |
Tickmill vs AvaTrade Trading Platforms Comparison
Both brokers offer multiple trading platforms to suit different trading needs and preferences. However, AvaTrade has more platform options than Tickmill, which means it offers more functionality and features for traders. Here is a table that shows some of the trading platforms each broker offers:
| Trading Platform / Feature | AvaTrade Trading Platforms / Features | Tickmill Trading Platforms / Features |
|---|---|---|
| MetaTrader 4 | Yes (with EAs, auto trading and copy trading) | Yes |
| MetaTrader 5 | Yes (with EAs, auto trading and copy trading) | No |
| Web Trader | Yes (with EAs, auto trading and copy trading) | No |
| Mobile App | Yes (iOS and Android) | Yes (iOS and Android) |
| Vanilla Options | Yes (with advanced options trading tools) | No |
| Social Trading | Yes (with AvaSocial app, Duplitrade and MQL5) | No |
| Proprietary Platform | Yes (with AvaTradeGO app, AvaProtect feature and AvaOptions platform) | No |
Tickmill vs AvaTrade Analytical Tools Comparison
Both brokers offer various analytical tools to help traders make informed trading decisions. However, AvaTrade has more analytical tools than Tickmill, which means it offers more support and guidance for traders. Here is a table that shows some of the analytical tools each broker offers:
| Analytical Tool / Feature | AvaTrade Analytical Tools / Features | Tickmill Analytical Tools / Features |
|---|---|---|
| Economic Calendar | Yes | Yes |
| Market News | Yes | Yes |
| Trading Signals | Yes (with MQL5 and Duplitrade) | No |
| Technical Analysis | Yes (with Trading Central and Autochartist) | No |
| Fundamental Analysis | Yes (with AvaTrade Blog and Podcast) | No |
| Trading Calculator | Yes | Yes |
| Trading Ideas | Yes (with AvaSocial app) | No |
| Webinars and Videos | Yes | Yes |
| eBooks and Articles | Yes | Yes |
| Courses and Tutorials | Yes | No |
Tickmill vs AvaTrade. 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, you can consider some of the following factors to help you make your decision:
- If you value reliability and security, you may prefer AvaTrade as it has more global Tier 1 licenses and a higher Trust Score than Tickmill.
- If you value variety and choice, you may prefer AvaTrade as it has more platform options and tradable symbols than Tickmill.
- If you value efficiency and cost savings, you may prefer Tickmill as it has lower average spreads and faster withdrawal processing than AvaTrade.
- If you value flexibility and customization, you may prefer Tickmill as it has more account options and supports ECN and PAMM accounts for professional traders.
- If you value functionality and features, you may prefer AvaTrade as it offers more analysis tools and supports EAs, automated trading and copy trading.
In the end, the best way to find out which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and check their platforms, services and trading conditions before making a deposit. You can also read user reviews and ratings from other traders for more insights and feedback.
