Compare Tickmill vs Forex.com
What is Tickmill? What is Forex.com?
Tickmill is a UK-based forex and CFD broker that offers trading on the MetaTrader 4 platform. Tickmill is regulated by the FCA in the UK, CySEC in Cyprus, FSCA in South Africa and DFSA in the UAE. Tickmill offers low forex and CFD fees, fast account opening and various deposit and withdrawal options.
Forex.com is a US-based forex and CFD broker that offers trading on its own web platform, as well as MetaTrader 4 and 5. Forex.com is regulated by the CFTC and NFA in the US, FCA in the UK, ASIC in Australia, IIROC in Canada and SFC in Hong Kong. Forex.com offers low trading and average non-trading fees, great research tools and educational resources.
Tickmill vs Forex.com Regulation Comparison
Both brokers are regulated by reputable authorities in multiple jurisdictions. Forex.com has a higher trust score than Tickmill, as it holds more tier-1 licenses (4 vs 1) and has been in operation longer (since 1999 vs 2014). However, Tickmill also holds three tier-2 licenses, while Forex.com holds two. Both brokers are covered by investor protection schemes in the UK (up to £85k) and the EU (up to €20k), but not in other regions.
Tickmill vs Forex.com Trading Assets Comparison
Both brokers offer forex and CFD trading, but Forex.com has a wider range of markets and products than Tickmill.
Forex.com offers over 5500 tradeable symbols, including 91 forex pairs, stocks, ETFs, funds, bonds, options, futures and cryptocurrencies. Tickmill offers only 725 tradeable symbols, including 63 forex pairs, stocks, ETFs and CFDs on indices, commodities and bonds.
Tickmill vs Forex.com Trading Fees Comparison
Both brokers have low trading fees, but Tickmill has lower forex and CFD fees than Forex.com. Both brokers charge variable spreads, which depend on market conditions and account types. According to our calculations, the average spread for EUR/USD at Tickmill is 0.6 pips for the Classic account and 0 pips for the Pro and VIP accounts (plus a commission of $4 or $2 per lot round turn). The average spread for EUR/USD at Forex.com is 1.3 pips for the Standard account and 0.2 pips for the Commission account (plus a commission of $5 per lot round turn).
Tickmill vs Forex.com Account Types Comparison
Both brokers offer different account types for different trading styles and preferences. 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. The minimum deposit for all accounts is $100. The VIP account requires a minimum balance of $50 or equivalent.
Forex.com offers two account types: Standard and Commission. The Standard account has no commission but higher spreads, while the Commission account has lower spreads but charges a commission. The minimum deposit for both accounts is $100.
Tickmill vs Forex.com Deposit Options Comparison
Both brokers offer various deposit and withdrawal options, but Tickmill has more choices than Forex.com. Tickmill accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill, Neteller, Sticpay, Fasapay and UnionPay. Forex.com accepts deposits and withdrawals via bank transfer, credit/debit card, PayPal and ACH (for US clients only). Both brokers do not charge any fees for deposits or withdrawals.
Tickmill vs Forex.com Trading Platforms Comparison
Both brokers offer trading on the MetaTrader 4 platform, which is a popular and user-friendly platform with advanced charting and analytical tools. However, Forex.com also offers its own web platform, as well as MetaTrader 5, which is an upgraded version of MetaTrader 4 with more features and instruments. Forex.com’s web platform has a modern design and intuitive interface, with customisable layouts, trading signals, news feeds and market analysis.
Tickmill vs Forex.com Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their strategies, but Forex.com has more and better-quality tools than Tickmill. Forex.com offers trading signals from Trading Central, Autochartist and Recognia, as well as market analysis from its in-house experts and third-party providers. Forex.com also has an economic calendar, a market sentiment indicator, a volatility analysis tool and a trading calculator. Tickmill offers an economic calendar, a forex calculator, a VPS service and a one-click trading tool.
Tickmill vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style and risk appetite. Both brokers have their pros and cons, and you should weigh them carefully before making a decision. You can also try their demo account to test out their platform and services. In the end, you are the best judge of which broker is more suitable for you.
