Compare Tickmill vs ForexChief
What is Tickmill? What is ForexChief?
Tickmill is a forex broker that offers low spreads, high leverage, CFD trading on various assets, and no commission on most instruments. It is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). It has over 30 industry awards and supports MetaTrader 4 and 5 platforms.
ForexChief is a forex broker that offers no deposit bonus, welcome bonus, turnover rebates, trading credits, investment accounts, and copy trading. It is licensed by the Vanuatu Financial Services Commission (VFSC) and a member of the Financial Market Association (FMA). It also supports MetaTrader 4 and 5 platforms.
Tickmill vs ForexChief Regulation Comparison
| Broker | Regulator | License Number | Member of Compensation Scheme |
|---|---|---|---|
| Tickmill | FCA (UK) | 717270 | Yes (up to £85,000) |
| Tickmill | FSA (Seychelles) | SD008 | No |
| ForexChief | VFSC (Vanuatu) | 14777 | No |
| ForexChief | FMA (Russia) | 12-08-04/044 | No |
Tickmill vs ForexChief Trading Assets Comparison
| Broker | Forex Pairs | Metals | Commodities | Indices | Stocks & ETFs | Bonds | Cryptos |
|---|---|---|---|---|---|---|---|
| Tickmill | 60+ | Yes | Yes | 15+ | 500+ | Yes (German and US) | No |
| ForexChief | 40+ | Yes | Yes (oil and gas) | 10+ | No | No | Yes |
Tickmill vs ForexChief Trading Fees Comparison
| Broker | Spreads from (pips) | Commission per lot (USD) |
|---|---|---|
| Tickmill Classic Account | 1.6 (EUR/USD) | Free |
| Tickmill Pro Account | 0.0 (EUR/USD) | $4 |
| Tickmill VIP Account* ($50,000 min balance) | 0.0 (EUR/USD) | $2 |
| ForexChief Classic Account* ($100 min deposit) | 0.6 (EUR/USD) | Free |
| ForexChief Cent Account* ($1 min deposit) | 0.9 (EUR/USD) | Free |
| ForexChief MT5.DirectFX Account* ($100 min deposit) | 0.0 (EUR/USD) | $15 |
| ForexChief MT5.Classic+ Account* ($100 min deposit) | 0.3 (EUR/USD) | Free |
Tickmill vs ForexChief Account Types Comparison
| Broker | Account Types |
|---|---|
| Tickmill Classic Account | No commission, floating spreads from 1.6 pips, leverage up to 1:500, minimum deposit $100, supports MT4 and MT5 platforms. |
| Tickmill Pro Account | Low commission ($4 per lot), floating spreads from 0 pips, leverage up to 1:500, minimum deposit $100, supports MT4 and MT5 platforms. |
| Tickmill VIP Account | Ultra-low commission ($2 per lot), floating spreads from 0 pips, leverage up to 1:500, minimum balance $50,000, supports MT4 and MT5 platforms. |
| ForexChief Classic Account | No commission, floating spreads from 0.6 pips, leverage up to 1:1000, minimum deposit $100, supports MT4 and MT5 platforms. |
| ForexChief Cent Account | No commission, floating spreads from 0.9 pips, leverage up to 1:1000, minimum deposit $1, supports MT4 platform. |
| ForexChief MT5.DirectFX Account | Low commission ($15 per lot), floating spreads from 0 pips, leverage up to 1:400, minimum deposit $100, supports MT5 platform. |
| ForexChief MT5.Classic+ Account | No commission, floating spreads from 0.3 pips, leverage up to 1:1000, minimum deposit $100, supports MT5 platform |
Tickmill vs ForexChief Deposit Options Comparison
Both brokers offer various methods for depositing and withdrawing funds, such as bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, and others. However, there are some differences in the fees and processing times:
- Tickmill does not charge any fees for deposits and withdrawals, except for bank wire transfers, which may incur intermediary bank fees. The processing time for deposits is instant for most methods, except for bank wire transfers, which may take 3-5 business days. The processing time for withdrawals is within one business day for all methods.
- ForexChief does not charge any fees for deposits and withdrawals, except for bank wire transfers, which may incur intermediary bank fees. The processing time for deposits is instant for most methods, except for bank wire transfers, which may take 2-4 business days. The processing time for withdrawals is within one business day for most methods, except for bank wire transfers, which may take 2-4 business days.
Tickmill vs ForexChief Trading Platforms Comparison
Both brokers support MetaTrader 4 and MetaTrader 5 platforms, which are the most popular and widely used trading platforms in the forex industry. They offer advanced charting tools, technical indicators, automated trading systems, market news, and signals. They also have mobile versions for Android and iOS devices, as well as web-based versions that can be accessed from any browser.
However, there are some differences in the features and functionalities of the platforms offered by each broker:
- 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 or MT5 platform. It also offers a Futures trading option that allows direct access to the world of Futures via regulated trading exchanges including the world leading CME Group.
- ForexChief offers a Copy Trading service that allows traders to copy the trades of successful signal providers or create their own signals and sell them to other traders. It also offers an Investment Accounts service that allows traders to create their own investment fund that is available to investors from all over the world or invest in profitable funds to get passive income.
Tickmill vs ForexChief Analytical Tools Comparison
Both brokers provide various analytical tools and resources to help traders make informed trading decisions, such as:
- Economic calendar: A tool that displays the dates and times of important economic events and indicators that may affect the market movements.
- Market news: A tool that provides the latest news and updates on the global financial markets and events.
- Technical analysis: A tool that uses historical price data and mathematical formulas to identify patterns, trends, and signals in the market.
- Fundamental analysis: A tool that uses macroeconomic data and indicators to evaluate the strength and weakness of a country’s economy and currency.
However, there are some differences in the quality and quantity of the analytical tools offered by each broker:
- Tickmill provides more comprehensive and detailed analytical tools and resources than ForexChief. It offers daily market insights, weekly webinars, video tutorials, e-books, trading guides, glossaries, FAQs, and a blog that covers various topics related to forex trading.
- ForexChief provides more basic and limited analytical tools and resources than Tickmill. It offers daily analytical reviews, economic articles, currency charts, interest rates, a trader’s calculator, a library of trading books and articles, a schedule of trading sessions, and a glossary.
Tickmill vs ForexChief. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Different brokers may suit different traders better. Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
