Compare Tickmill vs FP Markets
What is Tickmill? What is FP Markets?
Tickmill is an online broker that was founded in 2014 and is regulated by the FCA, CySEC and FSCA. It offers trading in over 700 instruments, including forex, indices, commodities, bonds and cryptocurrencies. Tickmill provides its clients with the MetaTrader 4 and MetaTrader 5 platforms, as well as various tools and educational resources. Tickmill claims to have low spreads, fast execution and high-quality customer service.
FP Markets is an online broker that was founded in 2005 and is regulated by ASIC and CySEC. It offers trading in over 10,000 instruments, including forex, indices, commodities, equities, ETFs and cryptocurrencies. FP Markets provides its clients with the MetaTrader 4, MetaTrader 5 and Iress platforms, as well as various tools and research materials. FP Markets claims to have competitive pricing, advanced technology and superior support.
Tickmill vs FP Markets Regulation Comparison
Both Tickmill and FP Markets are considered trusted brokers with high trust scores of 83/99 and 87/99 respectively. They are both authorized by the European Union (MiFID) and have two tier-1 licenses from reputable regulators. However, FP Markets has an edge over Tickmill in terms of regulation as it also has a license from Australia (ASIC), while Tickmill does not.
| Broker | Trust Score | Year Founded | Publicly Traded | Bank | Tier-1 Licenses | Tier-2 Licenses |
|---|---|---|---|---|---|---|
| Tickmill | 83/99 | 2014 | No | No | 2 (FCA, CySEC) | 1 (FSCA) |
| FP Markets | 87/99 | 2005 | No | No | 2 (ASIC, CySEC) | 1 (FSCA) |
Tickmill vs FP Markets Trading Assets Comparison
Both Tickmill and FP Markets offer a wide range of trading assets for their clients. However, FP Markets has a much larger selection of instruments than Tickmill, especially in terms of equities and ETFs. FP Markets offers over 10,000 instruments across various asset classes, while Tickmill offers over 700 instruments. Forex traders can access over 60 currency pairs at both brokers, but cryptocurrency traders may find the options limited as both brokers only offer CFDs on a few major coins.
| Broker | Forex Pairs | Cryptocurrency Pairs | Commodities and Metals | Indices | Equities | Bonds | ETFs |
|---|---|---|---|---|---|---|---|
| Tickmill | 63 | 4 (CFDs) | 16 (CFDs) | 14 (CFDs) | None | 4 (CFDs) | None |
| FP Markets | 71 | 5 (CFDs) | 19 (CFDs) | 12 (CFDs) + Futures CFDs on DAX30 and S&P500 | Over 10,000 (Iress only) + CFDs on US stocks | None | Over 550 (Iress only) |
Tickmill vs FP Markets Trading Fees Comparison
Both Tickmill and FP Markets offer competitive trading fees for their clients. They both have variable spreads that start from zero pips on their raw accounts and charge commissions per round lot. However, Tickmill has lower commissions than FP Markets on its raw account ($4 vs $6), as well as a volume-based rebate program that can reduce the fees further for active traders. Tickmill also has lower minimum spreads on its standard account than FP Markets (1.6 pips vs 1 pips). Both brokers do not charge any deposit or withdrawal fees, but third-party fees may apply.
| Broker | Minimum Raw Spreads | Minimum Standard Spreads | Minimum Commission for Forex | Rebates |
|---|---|---|---|---|
| Tickmill | 0.0 pips | 1.6 pips | $4 per round lot | Yes |
| FP Markets | 0.0 pips | 1.0 pips | $6 per round lot | No |
Tickmill vs FP Markets Account Types Comparison
Both Tickmill and FP Markets offer three types of accounts for their clients: standard, raw and Islamic. The standard account is commission-free with higher spreads, while the raw account has lower spreads with commissions. The Islamic account is swap-free for Muslim traders who follow Sharia law. The minimum deposit for all accounts is $100 at both brokers. However, FP Markets also offers a professional account for eligible traders who can access higher leverage and lower commissions, as well as an Iress account for traders who want to trade equities and ETFs.
| Broker | Standard Account | Raw Account | Islamic Account | Professional Account | Iress Account |
|---|---|---|---|---|---|
| Tickmill | Commission-free, min. spread 1.6 pips, max. leverage 1:500 | Commission $4/lot, min. spread 0.0 pips, max. leverage 1:500 | Swap-free, commission-free or $4/lot, min. spread 1.6 or 0.0 pips, max. leverage 1:500 | None | None |
| FP Markets | Commission-free, min. spread 1.0 pips, max. leverage 1:500 | Commission $6/lot, min. spread 0.0 pips, max. leverage 1:500 | Swap-free, commission-free or $6/lot, min. spread 1.0 or 0.0 pips, max. leverage 1:500 | Commission $3/lot, min. spread 0.0 pips, max. leverage 1:500 (subject to eligibility) | Commission 0.10% with $10 minimum, min. spread from 0.08%, max. leverage 1:200 (requires $1000 deposit) |
Tickmill vs FP Markets Deposit Options Comparison
Both Tickmill and FP Markets offer a variety of deposit and withdrawal options for their clients. They both accept credit/debit cards, bank transfers, e-wallets and local payment methods. However, FP Markets has more funding methods than Tickmill (21 vs 10), including some popular options such as PayPal, Neteller and Skrill. Both brokers do not charge any deposit or withdrawal fees, but third-party fees may apply depending on the method used.
| Broker | Deposit Options | Withdrawal Options |
|---|---|---|
| Tickmill | Credit/debit cards (Visa/Mastercard), bank wire transfer, Skrill, Neteller, Sticpay, Fasapay, Ngan Luong, UnionPay | Credit/debit cards (Visa/Mastercard), bank wire transfer, Skrill, Neteller, Sticpay |
| FP Markets | Credit/debit cards (Visa/Mastercard), bank wire transfer, PayPal, Neteller, Skrill, POLi Payments, BPay, Fasapay, Paytrust88, Ngan Luong, OnlineNaira NGN Funding | Credit/debit cards (Visa/Mastercard), bank wire transfer, PayPal, Neteller, Skrill |
Tickmill vs FP Markets Trading Platforms Comparison
Both Tickmill and FP Markets offer the MetaTrader 4 and MetaTrader 5 platforms for their clients. These are the most popular and widely used platforms in the forex and CFD industry, offering advanced charting tools, technical indicators, automated trading systems and social trading features. Both brokers also provide various add-ons and plugins for the MT4/MT5 platforms to enhance their functionality and performance. For example, both brokers offer Autochartist, a market scanning tool that identifies trading opportunities based on technical analysis patterns.
However, FP Markets has an edge over Tickmill in terms of trading platforms as it also offers the Iress platform for its clients who want to trade equities and ETFs. The Iress platform is a web-based platform that provides access to over 10,000 instruments across global markets with real-time data and news feeds. The Iress platform also has advanced order types, risk management tools and portfolio analysis features.
Tickmill vs FP Markets Analytical Tools Comparison
Both Tickmill and FP Markets offer various analytical tools for their clients to help them with their trading decisions and strategies. Some of the common tools that both brokers offer are:
- Economic calendar: A tool that displays the upcoming economic events and indicators that may affect the market movements and volatility.
- Market news: A tool that provides the latest market news and analysis from reputable sources and experts.
- Trading calculators: A tool that helps traders calculate various parameters such as margin requirements, pip values, swap rates and commissions.
- VPS hosting: A service that allows traders to run their automated trading systems on a remote server with low latency and high security.
However, each broker also has some unique tools that differentiate them from each other:
- Tickmill offers the Advanced Trader Toolkit for MT4/MT5 users which consists of 13 plugins that enhance the platform’s functionality such as alarm manager, correlation matrix/trader/sentiment indicator/histogram/heatmap/matrix pro/scalp trader/tick chart trader/trade terminal/mini terminal/smart lines/connect.
- Tickmill also offers the Acuity Trading Tool which provides sentiment analysis from the Dow Jones news feed as well as market insights and trends based on big data and artificial intelligence.
- Tickmill also offers bonuses and promotions for its clients such as welcome bonus, trader of the month, rebate program and loyalty program.
- FP Markets offers the MT4/MT5 Trader Toolbox which consists of 12 plugins that enhance the platform’s functionality such as alarm manager, correlation matrix/trader/sentiment indicator/histogram/heatmap/matrix pro/scalp trader/tick chart trader/trade terminal/mini terminal/smart lines/connect.
- FP Markets also offers its proprietary social trading service which allows traders to copy the trades of other successful traders on the FP Markets network. Traders can also share their trading ideas and strategies with other traders and earn commissions from their followers.
- Tin nhắn đã nhận. – Tickmill also offers the Acuity Trading Tool which provides sentiment analysis from the Dow Jones news feed as well as market insights and trends based on big data and artificial intelligence. – Tickmill also offers bonuses and promotions for its clients such as welcome bonus, trader of the month, rebate program and loyalty program. – FP Markets offers the MT4/MT5 Trader Toolbox which consists of 12 plugins that enhance the platform’s functionality such as alarm manager, correlation matrix/trader/sentiment indicator/histogram/heatmap/matrix pro/scalp trader/tick chart trader/trade terminal/mini terminal/smart lines/connect. – FP Markets also offers its proprietary social trading service which allows traders to copy the trades of other successful traders on the FP Markets network. Traders can also share their trading ideas and strategies with other traders and earn commissions from their followers.
Tickmill vs FP Markets. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, needs and goals. However, here are some factors that can help you decide:
- If you are looking for a broker that is more regulated and licensed, especially from Australia, you may prefer FP Markets to Tickmill.
- If you are looking for a broker with more assets and trading instruments, especially stocks and ETFs, then you may prefer FP Markets over Tickmill.
- If you are looking for a broker with lower trading fees and commissions, especially on a raw account, you may prefer Tickmill over FP Markets.
- If you are looking for a broker with more analysis tools and plugins for the MT4/MT5 platform, then you may find both brokers equally good as they offer similar features.
- If you are looking for a broker with a unique trading platform for stocks and ETFs, you may prefer FP Markets over Tickmill as it offers the Iress platform.
- If you are looking for a broker with exclusive social trading, you may prefer FP Markets over Tickmill as it offers its own network of traders to copy and follow.
- If you are looking for a broker with bonuses and promotions, you may prefer Tickmill over FP Markets as it offers various offers to its clients.
In the end, the best way to find out which broker is more suitable for you is to test them out for yourself by opening a demo or real account with a small deposit and checking out the services and features. their. You can also read more reviews and feedback from other traders who have used both brokers before making a final decision.
