Compare Tickmill vs EagleFX
What is Tickmill? What is EagleFX?
Tickmill is a forex and CFD broker that was established in 2014 and is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on over 80 instruments, including 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities and cryptos.
EagleFX is a forex and cryptocurrency STP broker that was established in 2019 and is not regulated by any authority. EagleFX offers trading on over 100 instruments, including currencies, commodities, stocks, indices and cryptos.
Tickmill vs EagleFX Regulation Comparison
Tickmill is regulated by two reputable authorities: the UK FCA and the Seychelles FSA. The FCA is one of the most respected regulators in the world, with strict requirements and high standards for brokers. The FCA also provides up to £85,000 of compensation per client under the Financial Services Compensation Scheme (FSCS) in case of broker default. The Seychelles FSA is a less stringent regulator, but it still requires brokers to have a minimum capital of $50,000, segregate client funds, and submit annual reports.
EagleFX is not regulated by any authority, which means that it operates without any oversight or accountability. This poses a high risk for traders, as there is no guarantee that the broker will follow fair and ethical practices, safeguard client funds, or honor withdrawal requests. There is also no compensation scheme available in case of broker insolvency.
Tickmill vs EagleFX Trading Assets Comparison
Both brokers offer a range of trading assets across different categories, but there are some differences in the number and variety of instruments available.
| Asset Class | Tickmill | EagleFX |
|---|---|---|
| Forex | 60+ currency pairs | 55 currency pairs |
| Indices | 15+ indices | 11 indices |
| Stocks & ETFs | 500 stocks & ETFs | No stocks or ETFs |
| Bonds | German and US bonds | No bonds |
| Commodities | Precious metals and energies | Precious metals and energies |
| Cryptos | Bitcoin, Ethereum, Litecoin | Bitcoin, Ethereum, Litecoin, Ripple |
Tickmill offers more forex pairs, indices, stocks & ETFs, and bonds than EagleFX, while EagleFX offers one more crypto than Tickmill. However, both brokers have a limited selection of cryptos compared to other brokers that specialize in this asset class.
Tickmill vs EagleFX Trading Fees Comparison
Tickmill offers three types of accounts: Classic, Pro, and VIP. The Classic account has no commissions but higher spreads starting from 1.6 pips. The Pro account has low spreads starting from 0 pips but charges a commission of $4 per lot round turn. The VIP account has the same low spreads as the Pro account but charges a lower commission of $2 per lot round turn. However, the VIP account requires a minimum balance of $50,000 to open.
EagleFX offers only one type of account: Standard. The Standard account has low spreads starting from 0 pips but charges a commission of $6 per lot round turn. There is no minimum deposit requirement to open a Standard account.
Tickmill may be more cost-effective for traders who trade large volumes or have high balances, while EagleFX may be more suitable for traders who trade small volumes or have low balances.
Tickmill vs EagleFX Account Types Comparison
Tickmill offers three types of accounts: Classic, Pro, and VIP. All accounts have the same leverage of up to 1:500, the same minimum trade size of 0.01 lot, and the same execution type of market. The main differences are in the spreads, commissions, and minimum balance requirements.
EagleFX offers only one type of account: Standard. The Standard account has a leverage of up to 1:500, a minimum trade size of 0.01 lot, and an execution type of STP. The Standard account has low spreads and commissions, but no other special features or benefits.
Tickmill may be more flexible and diverse for traders who have different preferences and needs, while EagleFX may be more simple and straightforward for traders who want a uniform trading environment.
Tickmill vs EagleFX Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for traders to fund and withdraw from their accounts. However, there are some differences in the speed, fees, and availability of these options.
Tickmill accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, SticPay, NganLuong.vn, and Bitcoin. Deposits are processed instantly for most methods, except for bank wire transfer which may take up to 3-5 business days. Withdrawals are processed within one business day for all methods. There are no fees charged by Tickmill for deposits or withdrawals, but third-party fees may apply depending on the method used.
EagleFX accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Bitcoin, and USDT. Deposits are processed instantly for Bitcoin and USDT, within 30 minutes for credit/debit cards, and within 2-5 business days for bank wire transfer. Withdrawals are processed within 30 minutes for Bitcoin and USDT, within 2-5 business days for credit/debit cards and bank wire transfer. There are no fees charged by EagleFX for deposits or withdrawals, but third-party fees may apply depending on the method used.
Tickmill may be more convenient and cost-effective for traders who use e-wallets or local payment methods, while EagleFX may be more appealing for traders who use cryptocurrencies or prefer faster withdrawals.
Tickmill vs EagleFX Trading Platforms Comparison
Both brokers use the same trading platform: MetaTrader 4 (MT4). MT4 is one of the most popular and widely used platforms in the industry, offering a range of features and tools for traders of all levels. MT4 supports multiple order types, advanced charting and analysis tools, custom indicators and expert advisors (EAs), automated trading strategies, market news and alerts, and more.
Both brokers also offer MT4 on various devices and platforms, such as Windows, Mac OS, Android, iOS, and WebTrader. However, EagleFX does not currently offer MT4 for iOS on the App Store.
Both brokers provide a similar trading experience with MT4, but Tickmill may have an edge over EagleFX for iOS users.
Tickmill vs EagleFX Analytical Tools Comparison
Tickmill offers a Signal Centre Tool that provides unique human and AI driven analysis with actionable trading ideas across multiple CFD asset classes, right on the MT4 platform. Tickmill also offers an Economic Calendar that shows important market events and indicators that may affect the price movements of various instruments.
EagleFX does not offer any specific analytical tools on its website or platform. However, EagleFX does provide some educational resources such as articles, videos, webinars, ebooks, glossary, FAQSs that cover various topics related to forex and crypto trading.
Tickmill may be more helpful and informative for traders who want to access market analysis and signals directly on their platform, while EagleFX may be more useful for traders who want to learn more about the basics and fundamentals of trading.
Tickmill vs EagleFX. Which forex broker is better? Which forex broker should you choose?
Different brokers can suit different traders depending on their preferences and needs. , you can consider several factors when making your decision:
- Regulation: If security and protection are important to you, you may prefer Tickmill, as it is regulated by two reputable agencies and offers compensation programs in the event of a broker default. EagleFX is not regulated by any authority and carries a high risk for traders.
- Trading Assets: If you want to trade a wide range of instruments, you may prefer Tickmill, as it offers more forex pairs, indices, stocks & ETFs and bonds than EagleFX. EagleFX offers more cryptocurrencies than Tickmill, but both brokers have a limited selection of cryptocurrencies compared to other brokers that specialize in this asset class.
- Trading Fees: If you want to save on trading costs, you can choose Tickmill or EagleFX depending on your trading volume and balance. Tickmill may be more cost effective for high volume or high balance traders, while EagleFX may be more suitable for small volume or low balance traders.
- Account Types: If you want more flexibility and variety in your trading environment, you may prefer Tickmill, as it offers three account types with different features and benefits. EagleFX offers only one account type with no special features or benefits.
- Deposit and Withdrawal Options: If you want your trading to be more convenient and cost-effective, you can choose Tickmill or EagleFX depending on your preferred payment method. Tickmill may be more convenient and cost-effective for traders using e-wallets or local payment methods, while EagleFX may be more attractive to traders using crypto or want to withdraw money faster.
- Trading Platform: If you want a similar trading experience with MT4, you can choose Tickmill or EagleFX as they both use the same platform with similar features and tools. However, Tickmill may have an edge over EagleFX for iOS users, as EagleFX does not currently offer MT4 for iOS on the App Store.
- Analytical Tools: If you want more help and information on your trading decisions and strategies, you may prefer Tickmill, as it offers a Signal Center Tool that provides signals and live market analysis on the MT4 platform. EagleFX does not provide any specific analytical tools on its website or platform.
Finally, from these factors you can choose a broker that suits your preferences and needs.
