Compare Tickmill vs Fortrade
What is Tickmill? What is Fortrade?
Tickmill is a forex and CFD broker that was established in 2014 and is regulated by multiple authorities, including the FCA, CySEC, BaFin, FSCA, FSA and DFSA. Tickmill offers variable spreads, low commissions, high leverage, fast execution and various trading platforms, including MetaTrader 4 and WebTrader. Tickmill also provides educational resources, analytical tools, trading contests and bonus offers to its clients.
Fortrade is a forex and CFD broker that was founded in 2013 and is regulated by the FCA, NBRB and CySEC. Fortrade offers fixed spreads, no commissions, low minimum deposit, multiple payment methods and its own proprietary trading platform, Fortrader. Fortrade also has a range of educational materials, market analysis, trading signals and promotions for its customers.
Tickmill vs Fortrade Regulation Comparison
Both Tickmill and Fortrade are regulated by reputable authorities in different jurisdictions. Tickmill has more licenses than Fortrade, as it is authorized by six regulators: the FCA in the UK, CySEC in Cyprus, BaFin in Germany, FSCA in South Africa, FSA in Malaysia and DFSA in the UAE. Fortrade, on the other hand, is regulated by three regulators: the FCA in the UK, NBRB in Belarus and CySEC in Cyprus.
Tickmill vs Fortrade Trading Assets Comparison
Tickmill and Fortrade offer a wide range of trading instruments to their clients, including forex, CFDs, indices, commodities, metals, energies and futures. However, there are some differences in the number and variety of assets available on each broker.
Tickmill has over 80 currency pairs, 15 stock indices, 4 precious metals, 3 bonds and 3 cryptocurrencies to trade with. Fortrade has over 60 currency pairs, 19 stock indices, 7 precious metals, 5 bonds, 4 cryptocurrencies and 11 commodities to trade with.
Tickmill vs Fortrade Trading Fees Comparison
Tickmill has three account types: 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 $2 per lot per side. The VIP account has the same conditions as the Pro account but with a lower commission of $1 per lot per side. The minimum deposit for the Classic account is $100, while for the Pro and VIP accounts it is $500.
Fortrade has one account type: Standard. The Standard account has no commissions but fixed spreads starting from 2 pips. The minimum deposit for the Standard account is $500.
Tickmill vs Fortrade Account Types Comparison
Tickmill has three account types: Classic, Pro and VIP. All account types have a maximum leverage of 1:500 (except for UK clients who have a maximum leverage of 1:30), a minimum lot size of 0.01 and access to all trading platforms and instruments. The main differences between the account types are the spreads, commissions and minimum deposits.
Fortrade has one account type: Standard. The Standard account has a maximum leverage of 1:100 (except for UK clients who have a maximum leverage of 1:30), a minimum lot size of 0.01 and access to all trading platforms and instruments. The Standard account has fixed spreads, no commissions and a minimum deposit of $500.
Tickmill vs Fortrade Deposit Options Comparison
Tickmill accepts deposits via Visa, Mastercard, Maestro, Skrill, Neteller, WebMoney, QIWI, FasaPay, UnionPay, Crypto and Ethereum. Tickmill does not charge any fees for deposits, except for bank wire transfers which may incur fees from the sending or intermediary banks. The minimum deposit amount for Tickmill is $100.
Fortrade accepts deposits via Visa, Mastercard, Maestro, PayPal, Skrill, Neteller and bank wire transfers. Fortrade does not charge any fees for deposits, except for bank wire transfers which may incur fees from the sending or intermediary banks. The minimum deposit amount for Fortrade is $500.
Tickmill vs Fortrade Trading Platforms Comparison
Tickmill offers two main trading platforms: MetaTrader 4 (MT4) and WebTrader. MT4 is a popular and widely used platform that supports advanced charting tools, technical indicators, automated trading systems (Expert Advisors), custom scripts and plugins. WebTrader is a browser-based platform that allows traders to access their accounts and trade from any device without downloading or installing any software. WebTrader has a user-friendly interface, fast execution speed and basic trading tools.
Fortrade offers one main trading platform: Fortrader. Fortrader is a proprietary platform that was developed by the broker to suit the needs of its clients. Fortrader has a simple and intuitive design, easy navigation and order placement, comprehensive market analysis and trading signals, educational resources and customer support. Fortrader is available as a desktop application, a web-based version and a mobile app.
Tickmill vs Fortrade Analytical Tools Comparison
Tickmill offers its clients access to market news, economic calendar, technical analysis tools (Autochartist), trading calculators (pip calculator, margin calculator), trading indicators (Forex Calendar Indicator) and webinars.
Fortrade offers its clients access to market news, economic calendar, technical analysis tools (Trading Central), trading calculators (pip calculator, margin calculator), trading signals (Fortrade Signals) and video tutorials.
Tickmill vs Fortrade. Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading style, goals and risk appetite. However, you can consider some of the following factors to help you make your decision:
- Regulation: Both Tickmill and Fortrade are regulated by reputable authorities, so you can trade with confidence and safety. However, Tickmill has more licenses than Fortrade, which can give you more options and protection in different jurisdictions.
- Trading Assets: Both Tickmill and Fortrade offer a wide range of trading instruments, but Tickmill is more diverse and richer than Fortrade. Tickmill also offers options trading, while Fortrade only offers spread betting to UK residents.
- Trading Fees: Both Tickmill and Fortrade have different fee structures, so you need to compare the spreads, commissions and other costs of each broker. Tickmill may have lower transaction costs for high volume traders using Pro or VIP accounts, while Fortrade may have more predictable transaction costs for high volume traders. low using the Standard account.
- Account Type: Both Tickmill and Fortrade have different account types, so you need to choose the account type that suits your needs and budget. Tickmill offers more options and flexibility with three account types, while Fortrade offers simplicity and consistency with one account type.
- Deposit Options: Both Tickmill and Fortrade support multiple deposit options, but Tickmill has more options than Fortrade, especially for crypto users. However, both brokers have similar deposit fees and processing times.
- Trading Platforms: Both Tickmill and Fortrade offer a variety of trading platforms, but Tickmill has an edge for traders who prefer to use MT4 or other third-party platforms. Fortrade has advantages for traders who want to use a customized and unique platform.
- Analytical Tools: Both Tickmill and Fortrade offer different analysis tools but with different providers and features. You can choose a broker that offers tools that you find more useful and reliable.
Ultimately, the best forex broker for you is the one that meets your expectations and requirements. You can also try their demo account or read their reviews from other traders to better understand their service and performance.
