Compare Tickmill vs FxPrimus
What is Tickmill? What is FxPrimus?
Tickmill is a forex and CFD broker that was founded in 2014 and is regulated by the UK’s FCA, Cyprus’s CySEC, South Africa’s FSCA and UAE’s DFSA. It offers over 700 trading instruments, including 63 forex pairs, indices, commodities, bonds and cryptocurrencies. It also provides social trading, copy trading and analytical tools for traders of all levels.
FxPrimus is a forex and CFD broker that was founded in 2009 and is regulated by Cyprus’s CySEC and Vanuatu’s VFSC. It offers over 140 trading instruments, including 42 forex pairs, indices, commodities, metals and cryptocurrencies. It also provides educational resources, market analysis and trading signals for traders.
Tickmill vs FxPrimus Regulation Comparison
Tickmill has a higher trust score than FxPrimus. Tickmill holds one global Tier-1 license from the UK’s FCA, which is considered high-trust, while FxPrimus holds none. Tickmill also holds three global Tier-2 licenses from Cyprus’s CySEC, South Africa’s FSCA and UAE’s DFSA, while FxPrimus holds only one from Cyprus’s CySEC. FxPrimus holds one global Tier-3 license from Vanuatu’s VFSC, which is considered low-trust, while Tickmill holds none.
Tickmill vs FxPrimus Trading Assets Comparison
Tickmill offers more trading assets than FxPrimus. Tickmill has over 700 tradeable symbols, including 63 forex pairs, while FxPrimus has over 140 tradeable symbols, including 42 forex pairs. Both brokers offer indices, commodities, metals and cryptocurrencies as CFDs.
Tickmill vs FxPrimus Trading Fees Comparison
Tickmill has lower trading fees than FxPrimus. Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commission but higher spreads, while the Pro and VIP accounts have lower spreads but charge a commission of $4 per round turn lot. The average spread for the EUR/USD pair on the Classic account is 0.51 pips, while on the Pro and VIP accounts it is 0.16 pips. FxPrimus offers four account types: Standard Variable Spread (SVS), Premium ECN Variable Spread (PEVS), Premium ECN Fixed Spread (PEFS) and Premium ECN Zero Spread (PEZS). The SVS account has no commission but higher spreads, while the other three accounts have lower or zero spreads but charge a commission of $10 per round turn lot.
Tickmill vs FxPrimus Account Types Comparison
Tickmill and FxPrimus have different account types that cater to different trading styles and preferences. Tickmill’s Classic account requires a minimum deposit of $100 and offers variable spreads from 1.6 pips with no commission. The Pro account requires a minimum deposit of $100 and offers variable spreads from 0 pips with a commission of $4 per round turn lot. The VIP account requires a minimum deposit of $50,000 and offers variable spreads from 0 pips with a commission of $2 per round turn lot.
FxPrimus’s SVS account requires a minimum deposit of $1000 and offers variable spreads from 1.5 pips with no commission. The PEVS account requires a minimum deposit of $2500 and offers variable spreads from 0 pips with a commission of $10 per round turn lot. The PEFS account requires a minimum deposit of $5000 and offers fixed spreads from 1 pip with a commission of $10 per round turn lot. The PEZS account requires a minimum deposit of $10,000 and offers zero spreads with a commission of $10 per round turn lot.
Tickmill vs FxPrimus Deposit Options Comparison
Tickmill and FxPrimus offer similar deposit and withdrawal options for their clients. Both brokers accept bank wire transfers, credit/debit cards, e-wallets such as Skrill, Neteller and PayPal, and local payment methods such as Ngan Luong in Vietnam. Both brokers do not charge any fees for deposits or withdrawals.
Tickmill vs FxPrimus Trading Platforms Comparison
Tickmill and FxPrimus both use the MetaTrader 4 (MT4) platform as their main trading platform. MT4 is a popular and user-friendly platform that offers advanced charting, technical analysis, automated trading, custom indicators and trading signals. Both brokers also provide mobile trading apps for iOS and Android devices that are compatible with MT4.
Tickmill vs FxPrimus Analytical Tools Comparison
Tickmill and FxPrimus both offer analytical tools to help their clients make informed trading decisions. Tickmill provides an economic calendar, market news, webinars, trading calculators, Autochartist and Myfxbook for social and copy trading. FxPrimus provides an economic calendar, market news, webinars, ebooks, videos, trading signals and VPS service.
Tickmill vs FxPrimus. Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading goals and risk appetite. However, based on the comparison I made earlier, you can see that Tickmill and FxPrimus have different strengths and weaknesses. For example, Tickmill has a higher trust score, lower transaction fees, more trading assets and a lower minimum deposit than FxPrimus. On the other hand, FxPrimus has more account types, zero and fixed spread options as well as a VPS service that Tickmill does not offer. You can weigh these factors against your own criteria and decide which broker suits you best. You can also try out their demo account to test their platform and services before opening a real account.
