Compare Tickmill vs FxGlory
What is Tickmill? What is FxGlory?
Tickmill is a forex and CFD broker that offers trading services on various instruments, such as currency pairs, stocks, indices, bonds, commodities and cryptocurrencies. Tickmill claims to provide low spreads, fast execution, high leverage and quality services to its clients. Tickmill is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA) .
FxGlory is a forex broker that also offers trading services on various instruments, such as currency pairs, commodities and cryptocurrencies. FxGlory claims to provide high leverage, low spreads, fast and easy deposit/withdrawal, free VPS server and 50% bonus on each deposit to its clients. FxGlory is regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) .
Tickmill vs FxGlory Regulation Comparison
Both Tickmill and FxGlory are regulated by reputable authorities in their respective jurisdictions. However, Tickmill has a higher level of regulation as it is authorized by the FCA, which is one of the most stringent regulators in the world. The FCA imposes strict rules on capital adequacy, client funds segregation, risk management, reporting and auditing for its regulated brokers. The FCA also provides compensation of up to £85,000 per client in case of broker insolvency .
FxGlory is regulated by the SVG FSA, which is a less strict regulator than the FCA. The SVG FSA does not have any specific requirements for capital adequacy, client funds segregation, risk management, reporting and auditing for its regulated brokers. The SVG FSA also does not provide any compensation scheme for its clients in case of broker insolvency .
Tickmill vs FxGlory Trading Assets Comparison
Both Tickmill and FxGlory offer a wide range of trading assets for their clients to choose from. However, Tickmill has a larger number of assets than FxGlory in some categories. Here are the number of assets they offer in each category :
| Category | Tickmill | FxGlory |
|---|---|---|
| Forex | 60+ | 39 |
| Stocks & ETFs | 500 | 0 |
| Indices | 15+ | 0 |
| Bonds | 2 | 0 |
| Commodities | 4 | 2 |
| Cryptos | 5 | 3 |
Tickmill vs FxGlory Trading Fees Comparison
Both Tickmill and FxGlory charge fees for their trading services in the form of spreads and commissions. However, the fees vary depending on the account type, trading instrument and market conditions. Here are some examples of their fees for some popular instruments :
| Instrument | Tickmill Classic Account | Tickmill Pro Account | Tickmill VIP Account | FxGlory Standard Account |
|---|---|---|---|---|
| EUR/USD | From 1.6 pips | From 0 pips + $4 per lot commission | From 0 pips + $2 per lot commission | From 2 pips |
| GBP/USD | From 2 pips | From 0 pips + $4 per lot commission | From 0 pips + $2 per lot commission | From 3 pips |
| USD/JPY | From 1.6 pips | From 0 pips + $4 per lot commission | From 0 pips + $2 per lot commission | From 3 pips |
| XAU/USD (Gold) | From 20 cents | From 10 cents + $4 per lot commission | From 10 cents + $2 per lot commission | From 50 cents |
Tickmill vs FxGlory Account Types Comparison
Both Tickmill and FxGlory offer different account types for their clients to suit their trading preferences and needs. However, the account types differ in terms of minimum deposit, base currencies, leverage, swap charges and other features. Here are the main features of their account types :
| Feature | Tickmill Classic Account | Tickmill Pro Account | Tickmill VIP Account | FxGlory Standard Account |
|---|---|---|---|---|
| Minimum Deposit | $100 | $100 | $50,000 | $1 |
| Base Currencies | USD, EUR, GBP, ZAR | USD, EUR, GBP, ZAR | USD, EUR, GBP, ZAR | USD |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 | Up to 1:3000 |
| Swap Charges | Yes | Yes | Yes | No (Islamic Account) |
| Bonus | No | No | No | 50% on each deposit |
Tickmill vs FxGlory Deposit Options Comparison
Both Tickmill and FxGlory offer various deposit and withdrawal options for their clients to fund and withdraw from their trading accounts. However, the options differ in terms of availability, processing time, fees and minimum/maximum amounts. Here are some of their deposit and withdrawal options :
| Option | Tickmill Deposit | Tickmill Withdrawal | FxGlory Deposit | FxGlory Withdrawal |
|---|---|---|---|---|
| Bank Wire Transfer | Available, 1-7 working days, no fees, no minimum/maximum amount | Available, 1-7 working days, no fees, no minimum/maximum amount | Available, 2-10 working days, no fees, $100 minimum/$10,000 maximum amount per day | Available, 2-10 working days, no fees, $100 minimum/$10,000 maximum amount per day |
| Credit/Debit Card | Available, instant, no fees, $100 minimum/$10,000 maximum amount per transaction | Available, 1 working day, no fees, $5 minimum/$10,000 maximum amount per transaction | Available, instant or up to 24 hours for first time depositors, no fees, $1 minimum/$5,000 maximum amount per transaction or $20,000 per day | Available, up to 48 hours after request approval by FxGlory finance department (Monday-Friday), no fees, $1 minimum/$5,000 maximum amount per transaction or $20,000 per day |
| Skrill | Available, instant or up to 24 hours for first time depositors, no fees (Tickmill covers up to 2.9% of the fee), $100 minimum/$10,000 maximum amount per transaction or $20,000 per day | Available, 1 working day or up to 24 hours for first time withdrawers (subject to verification), no fees (Tickmill covers up to 2.9% of the fee), $5 minimum/$10,000 maximum amount per transaction or $20,000 per day | Available for non-EU clients only (except Iran and North Korea), instant or up to 24 hours for first time depositors (subject to verification), no fees (FxGlory covers up to 3.9% of the fee), $1 minimum/$5,000 maximum amount per transaction or $20,000 per day | Available for non-EU clients only (except Iran and North Korea), up to 48 hours after request approval by FxGlory finance department (Monday-Friday), no fees (FxGlory covers up to 3.9% of the fee), $1 minimum/$5,000 maximum amount per transaction or $20,000 per day |
Tickmill vs FxGlory Trading Platforms Comparison
Both Tickmill and FxGlory offer the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for their clients to trade on various devices, such as Windows, Mac, Android, iOS and WebTrader. The MT4 and MT5 platforms are popular and widely used platforms in the forex industry, as they provide advanced trading tools, indicators, charts, automated trading, market news and analysis .
However, Tickmill also offers an additional platform called Signal Centre Tool, which is a unique human and AI driven analysis tool that provides actionable trading ideas across multiple CFD asset classes, right on the MT4 or MT5 platform. The Signal Centre Tool is powered by Autochartist and Trading Central, two leading providers of technical analysis and market insights .
FxGlory does not offer any other platform besides the MT4 and MT5 platforms .
Tickmill vs FxGlory Analytical Tools Comparison
Both Tickmill and FxGlory provide some analytical tools for their clients to enhance their trading performance and decision making. However, the tools differ in terms of quality, quantity and availability. Here are some of the analytical tools they offer :
| Tool | Tickmill | FxGlory |
|---|---|---|
| Economic Calendar | Available on website and MT4/MT5 platforms, powered by Myfxbook, shows important economic events and indicators that affect the market movements | Available on website only, shows important economic events and indicators that affect the market movements |
| Market News | Available on website and MT4/MT5 platforms, powered by ForexLive, shows breaking news and analysis from the forex market | Available on website only, shows breaking news and analysis from the forex market |
| Market Analysis | Available on website and MT4/MT5 platforms, powered by Autochartist and Trading Central, shows technical analysis, trading signals, market trends and patterns for various instruments | Not available |
| Webinars | Available on website, conducted by experienced traders and analysts, covers various topics related to forex trading, such as strategies, indicators, risk management and more | Not available |
| E-books | Available on website, covers various topics related to forex trading, such as basics, strategies, psychology and more | Not available |
| VPS Service | Available for free for clients who deposit at least $5,000 or trade at least 5 lots per month, allows clients to run their trading robots or EAs 24/7 without interruption | Available for free for all clients who maintain a balance of at least $1,000 in their accounts, allows clients to run their trading robots or EAs 24/7 without interruption |
Tickmill vs FxGlory. Which forex broker is better? Which forex broker should you choose?
Different forex brokers can suit different traders depending on their trading goals, preferences and needs. However, you can consider several factors when choosing a forex broker:
- Regulation: Tickmill has a higher level of regulation than FxGlory, as it is authorized by the FCA, which provides more protections and security for its clients.
- Trading Assets: Tickmill offers a larger number of trading assets than FxGlory in several categories, such as stocks, indices, bonds, and cryptocurrencies. This can give you more trading and diversification opportunities.
- Trading Fees: Tickmill and FxGlory have different fee structures depending on the account type and trading instrument. You can compare their spreads and commissions to see which is more cost-effective for your trading style and volume.
- Account Types: Tickmill and FxGlory offer different account types with different features, such as minimum deposit, base currency, leverage, swap fees and bonuses. You can choose the account type that best suits your trading capital, risk appetite and preferences.
- Deposit and Withdrawal Options: Tickmill and FxGlory offer a variety of deposit and withdrawal options with varying availability, processing times, fees, and min/max amounts. You can choose the most convenient, fast and inexpensive option for you.
- Trading Platforms: Tickmill and FxGlory offer MT4 and MT5 platforms for their clients to trade on a variety of devices. However, Tickmill also offers an additional platform called the Signal Hub Tool, which provides human-driven and artificial intelligence-driven analysis and trading ideas. You can choose the platform that offers the best trading tools, features and user experience for you.
- Analysis Tools: Tickmill offers more analytical tools than FxGlory, such as market news, market analysis, webinars, ebooks and VPS services. These tools can help you improve your trading knowledge, skills and performance.
Ultimately, through a number of factors you can choose a broker that suits your needs.
