Compare Tickmill vs BlackBull Markets
What is Tickmill? What is BlackBull Markets?
Tickmill is a trademark name of Tickmill UK Ltd and Tickmill Ltd, which are authorized and regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA) respectively. Tickmill offers three types of accounts: Classic, Pro and VIP, with different spreads, commissions and leverage options. Tickmill also provides access to a signal centre tool, a futures market and a trading contest.
BlackBull Markets is an award-winning New Zealand-based ECN broker that provides institutional-grade trading conditions and exceptional customer service and support. BlackBull Markets offers three types of accounts: Standard, Prime and Institutional, with different spreads, commissions and leverage options. BlackBull Markets also provides access to TradingView, a leading charting and social trading platform.
Tickmill vs BlackBull Markets Regulation Comparison
Tickmill is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Seychelles Financial Services Authority (FSA) in Seychelles, and the Financial Sector Conduct Authority (FSCA) in South Africa.
BlackBull Markets is regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Commission (FSC) in Mauritius.
Tickmill vs BlackBull Markets Trading Assets Comparison
Tickmill offers over 80 trading instruments, including 62 currency pairs, 15 stock indices, 4 precious metals, 4 bonds and 3 cryptocurrencies. BlackBull Markets offers over 300 trading instruments, including 64 currency pairs, 11 stock indices, 6 commodities, 5 precious metals and over 200 cryptocurrencies.
Tickmill vs BlackBull Markets Trading Fees Comparison
Tickmill charges variable spreads and commissions depending on the account type and market conditions. The average spread for EUR/USD is 0.2 pips on the Pro account and 0 pips on the VIP account, with a commission of $4 and $2 per lot respectively. The average spread for EUR/USD is 1.6 pips on the Classic account, with no commission.
BlackBull Markets also charges variable spreads and commissions depending on the account type and market conditions. The average spread for EUR/USD is 0.8 pips on the ECN Standard account and 0.1 pips on the ECN Prime account, with a commission of $6 and $3 per lot respectively. The average spread for EUR/USD is 1.2 pips on the ECN Institutional account, with a commission of $2 per lot.
Tickmill vs BlackBull Markets Account Types Comparison
Tickmill offers three main account types: Classic, Pro and VIP. The Classic account requires a minimum deposit of $100, has no commission and offers leverage up to 1:500. The Pro account requires a minimum deposit of $100, has a commission of $4 per lot and offers leverage up to 1:500. The VIP account requires a minimum deposit of $50,000, has a commission of $2 per lot and offers leverage up to 1:500.
BlackBull Markets offers four main account types: ECN Standard, ECN Prime, ECN Institutional and Islamic. The ECN Standard account requires a minimum deposit of $200, has a commission of $6 per lot and offers leverage up to 1:500. The ECN Prime account requires a minimum deposit of $2,000, has a commission of $3 per lot and offers leverage up to 1:500. The ECN Institutional account requires a minimum deposit of $20,000, has a commission of $2 per lot and offers leverage up to 1:500. The Islamic account is a swap-free option for Muslim traders that follows Sharia law.
Tickmill vs BlackBull Markets Deposit Options Comparison
Tickmill supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, SticPay and Bitcoin. The processing time for deposits is instant for most methods, except for bank wire transfer which may take up to 7 business days. The processing time for withdrawals is within one business day for most methods, except for bank wire transfer which may take up to 10 business days.
BlackBull Markets also supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, SticPay, DragonPay and Bitcoin. The processing time for deposits is instant for most methods, except for bank wire transfer which may take up to 5 business days. The processing time for withdrawals is within one business day for most methods, except for bank wire transfer which may take up to 5 business days. Both brokers do not charge any fees for deposits or withdrawals, but third-party fees may apply.
Tickmill vs BlackBull Markets Trading Platforms Comparison
Tickmill and BlackBull Markets both offer the popular MetaTrader 4 (MT4) trading platform, which is widely used by traders of all levels. MT4 is a user-friendly and customizable platform that supports various features, such as multiple chart types, technical indicators, trading signals, automated trading, market news and more. Both brokers also provide MT4 WebTrader, which is a web-based version of MT4 that can be accessed from any browser without downloading or installing any software.
Additionally, both brokers offer MT4 mobile apps for iOS and Android devices, which allow traders to manage their accounts and trade on the go.
However, BlackBull Markets also offers MetaTrader 5 (MT5), which is the latest version of the MetaTrader platform that has more advanced features and capabilities than MT4, such as more timeframes, more order types, more indicators, more analytical tools, more financial instruments and more. MT5 is also available as a web-based and mobile version for BlackBull Markets clients.
Tickmill vs BlackBull Markets Analytical Tools Comparison
Tickmill and BlackBull Markets both provide various analytical tools to help their clients make informed trading decisions. Some of the common tools that both brokers offer are:
- Economic calendar: A tool that displays the dates and times of important economic events and indicators that may affect the market movements and volatility.
- Market news: A tool that provides the latest market updates, analysis and commentary from reputable sources and experts.
- Trading signals: A tool that provides buy and sell recommendations based on technical analysis and market trends.
- Autochartist: A tool that scans the market for potential trading opportunities based on chart patterns, Fibonacci levels, key levels and volatility analysis.
However, BlackBull Markets also offers some additional tools that Tickmill does not, such as:
- MAM/PAMM: A tool that allows professional traders to manage multiple accounts of their clients or investors using a single platform.
- VPS: A tool that provides a virtual private server for traders who want to run their automated trading systems or expert advisors without any interruptions or delays.
- ZuluTrade: A tool that allows traders to copy the trades of other successful traders from around the world using a social trading network.
Tickmill vs BlackBull Markets. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals, strategies and risk appetite. However, here are some factors that can help you make your decision:
- If you are looking for a broker that offers more trading instruments, especially cryptocurrencies, then BlackBull Markets might be a better choice, as it has over 300 instruments available, while Tickmill only has 300+ instruments available. 80.
- If you are looking for a broker that offers lower spreads and commissions, then Tickmill might be a better choice as it has lower fees for Pro and VIP accounts, while BlackBull Markets has lower fees. higher fees for ECN Standard and Prime accounts.
- If you are looking for a broker that offers more account types and options, then BlackBull Markets might be a better choice, as it has four main account types and Islamic account options, while Tickmill there are only three main account types and no Islamic option.
- If you are looking for a broker that offers more trading platforms and features, then BlackBull Markets might be a better choice, as it offers both MT4 and MT5 platforms, as well as MAM/ PAMM, VPS and ZuluTrade, while Tickmill only provides MT4 platform and Autochartist tool.
Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. . You can also read online reviews and feedback from other traders who have used these brokers before.
