Compare Tickmill vs Forexee
What is Tickmill? What is Forexee?
Tickmill is a forex and CFD broker that was founded in 2014 and is regulated by several authorities, including the FCA, CySEC, FSCA, and DFSA. Tickmill offers over 700 trading instruments, including 63 forex pairs, on the MetaTrader 4 platform. Tickmill also provides various educational resources, analytical tools, and trading contests for its clients.
Forexee is a forex broker that was established in 2014 and is regulated by the FSA of St. Vincent and the Grenadines. Forexee offers over 50 trading instruments, including 49 forex pairs, on the MetaTrader 4 platform. Forexee also provides various bonus programs, cashback options, and social trading features for its clients.
Tickmill vs Forexee Regulation Comparison
Tickmill has a higher trust score than Forexee because Tickmill holds four global Tier-1 licenses from the UK, US, Japan, and Singapore, while Forexee holds none. Tickmill also holds two global Tier-2 licenses from Cyprus and the UAE, while Forexee holds none. Forexee only holds a low-trust Tier-3 license from St. Vincent and the Grenadines.
Tickmill vs Forexee Trading Assets Comparison
Tickmill offers more trading assets than Forexee, with over 700 CFDs compared to Forexee’s 150 CFDs. Tickmill also offers more forex pairs than Forexee, with 63 pairs compared to Forexee’s 49 pairs. Both brokers offer trading on the MetaTrader 4 platform, which supports automated trading, one-click trading, trailing stop, and pending orders.
Tickmill vs Forexee Trading Fees Comparison
Tickmill and Forexee both offer variable spreads, which means that the spread can change depending on market conditions. However, Tickmill generally has lower spreads than Forexee.
For example, the average spread for EUR/USD at Tickmill is 0.2 pips, while at Forexee it is 0.5 pips. Tickmill also charges lower commissions than Forexee for some account types. For example, the commission for the Pro account at Tickmill is $1 per lot per side, while at Forexee it is $2.5 per lot per side.
Tickmill vs Forexee Account Types Comparison
Tickmill offers three main account types: Classic, Pro, and VIP. The Classic account has no commissions but higher spreads, while the Pro and VIP accounts have lower spreads but charge commissions. The minimum deposit for the Classic and Pro accounts is $100, while for the VIP account it is $50,000. The maximum leverage for all accounts is 1:500.
Forexee offers four main account types: STP, ECN Basic, ECN Advanced, and Crypto. The STP account has no commissions but higher spreads, while the ECN accounts have lower spreads but charge commissions. The Crypto account allows trading on cryptocurrencies with no commissions but higher spreads. The minimum deposit for the STP account is $50, while for the ECN accounts it is $200. The Crypto account has no minimum deposit requirement. The maximum leverage for all accounts is 1:500.
Tickmill vs Forexee Deposit Options Comparison
Tickmill offers more deposit and withdrawal options than Forexee, with over 15 payment methods available compared to Forexee’s six payment methods. Tickmill supports WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, QIWI, FasaPay, Crypto and Ethereum as payment methods, while Forexee supports Wire transfer, Credit/debit cards and SOFORT as payment methods. Both brokers do not charge any fees for deposits or withdrawals.
Tickmill vs Forexee Trading Platforms Comparison
Both brokers offer trading on the MetaTrader 4 platform, which is one of the most popular and widely used trading platforms in the forex industry. The MetaTrader 4 platform supports automated trading, one-click trading, trailing stop, pending orders, and various technical indicators and charting tools. The MetaTrader 4 platform is available as a desktop application, a web-based platform, and a mobile app for iOS and Android devices.
Tickmill vs Forexee Analytical Tools Comparison
Tickmill provides more analytical tools than Forexee, including an economic calendar, a market news section, a blog, a video analysis section, a trading calculator, a VPS service, and a Myfxbook AutoTrade service. The Myfxbook AutoTrade service allows traders to copy the trades of other successful traders on the platform.
Forexee provides fewer analytical tools than Tickmill, including an economic calendar, a market news section, and a social trading feature. The social trading feature allows traders to follow and copy the trades of other traders on the platform.
Tickmill vs Forexee. Which forex broker is better? Which forex broker should you choose?
The best forex broker for you may depend on your personal preferences, trading style and goals. However, you can consider several factors to consider when choosing a forex broker, such as:
- Regulation: You should choose a broker that is regulated by a reputable authority, such as FCA, CySEC or ASIC. This can help protect your money and rights as a trader.
- Fees: You should compare spreads, commissions and other fees charged by your broker for trading. You should also check for any hidden fees or charges for deposits or withdrawals.
- Trading assets: You should choose a broker that offers trading instruments that interest you, such as forex pairs, CFDs, stocks or cryptocurrencies. You should also check the availability and quality of the liquidity providers the broker uses.
- Trading Platform: You should choose a broker that offers a trading platform that suits your needs and preferences. You should check out the features, functionality, and user-friendliness of the platform. You should also check if the platform supports automated trading, mobile trading and social trading.
- Analytical Tools: You should choose a broker that offers useful and reliable analytical tools, such as market news, economic calendars, trading signals and indicators. You should also check if the broker offers educational resources, such as webinars, articles, and tutorials.
- Customer Service: You should choose a broker that offers responsive and professional customer service. You should check the availability, accessibility, and quality of customer support channels, such as phone, email, chat, or social media.
These are some factors that you can use to compare Tickmill and Forexee or any other forex broker. Ultimately, the best forex broker for you is the one that meets your expectations and requirements.
