Compare Tickmill vs FXTM
What is Tickmill? What is FXTM?
Tickmill is a forex and CFD broker that is regulated by the FCA, CySEC, FSA, LFSA and SC. It offers trading in over 80 instruments, including forex, indices, commodities, bonds and cryptocurrencies. It has three account types: Classic, Pro and VIP, with variable spreads and low commissions. It supports the MetaTrader 4 platform and various payment methods. It also provides educational resources, market analysis and trading tools for its clients.
FXTM is a forex and CFD broker that is regulated by the CySEC, FCA, FSCA and FSC. It offers trading in over 1000 instruments, including forex, indices, commodities, stocks and cryptocurrencies. It has six account types: Standard, Cent, Stock CFDs, ECN, ECN Zero and Pro, with variable or fixed spreads and low commissions. It supports the MetaTrader 4 and 5 platforms and various payment methods. It also provides educational materials, market insights and copy trading services for its clients
Tickmill vs FXTM Regulation Comparison
Both Tickmill and FXTM are regulated by reputable authorities in different jurisdictions. Tickmill has licenses from the UK’s Financial Conduct Authority (FCA), Cyprus’ Securities and Exchange Commission (CySEC), Seychelles’ Financial Services Authority (FSA), Labuan’s Financial Services Authority (LFSA) and South Africa’s Financial Sector Conduct Authority (FSCA). FXTM has licenses from Cyprus’ Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), South Africa’s Financial Sector Conduct Authority (FSCA) and Mauritius’ Financial Services Commission (FSC). Both brokers also comply with the MiFID II directive in the European Union.
Tickmill vs FXTM Trading Assets Comparison
Tickmill offers trading in over 80 instruments across five asset classes: forex, indices, commodities, bonds and cryptocurrencies. It has 62 currency pairs, 15 stock indices, 4 commodities (gold, silver, oil and natural gas), 4 bonds (German Bunds, UK Gilts, US Treasuries and Euro-Bund) and 6 cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash).
FXTM offers trading in over 1000 instruments across six asset classes: forex, indices, commodities, stocks, futures and cryptocurrencies. It has over 50 currency pairs, over 180 stock CFDs (including US tech giants like Apple, Amazon and Facebook), over 20 stock indices (including major ones like S&P 500, FTSE 100 and DAX 30), over 10 commodities (including gold, silver, oil and natural gas), over 50 futures contracts (including agricultural products like wheat, corn and soybeans) and over 10 cryptocurrencies (including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash).
FXTM has a wider range of trading assets than Tickmill, especially in the stock and futures markets. However, Tickmill has some unique offerings in the bond and cryptocurrency markets that FXTM does not have.
Tickmill vs FXTM 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 for the EUR/USD pair. The Pro and VIP accounts have lower spreads, starting from 0 pips for the EUR/USD pair, but charge commissions of $4 and $2 per lot respectively. The minimum deposit for the Classic and Pro accounts is $100, while the VIP account requires $50,000.
FXTM has six account types: Standard, Cent, Stock CFDs, ECN, ECN Zero and Pro. The Standard, Cent and Stock CFDs accounts have no commissions but higher spreads, starting from 1.3 pips for the EUR/USD pair on the Standard account, 1.5 pips on the Cent account and 0.1 pips on the Stock CFDs account. The ECN, ECN Zero and Pro accounts have lower spreads, starting from 0.1 pips for the EUR/USD pair on the ECN account, 1.5 pips on the ECN Zero account and 0 pips on the Pro account, but charge commissions of $2, $4 and $2 per lot respectively. The minimum deposit for the Standard and Cent accounts is $10, while the Stock CFDs account requires $100, the ECN and ECN Zero accounts require $500 and the Pro account requires $25,000.
Tickmill vs FXTM Account Types Comparison
Both Tickmill and FXTM offer different account types to suit different trading styles and preferences. Here is a brief overview of the main features and differences of each account type:
Tickmill:
- Tickmill Classic: This account type is suitable for beginners and traders who prefer a simple and commission-free trading environment. It has no commissions but higher spreads, starting from 1.6 pips for the EUR/USD pair. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $100 and a maximum leverage of 1:500.
- Tickmill Pro: This account type is suitable for experienced and professional traders who prefer a low-cost and fast execution trading environment. It has low spreads, starting from 0 pips for the EUR/USD pair, but charges commissions of $4 per lot. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $100 and a maximum leverage of 1:500.
- Tickmill VIP: This account type is suitable for high-volume and institutional traders who prefer a premium and customized trading environment. It has ultra-low spreads, starting from 0 pips for the EUR/USD pair, but charges commissions of $2 per lot. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $50,000 and a maximum leverage of 1:500.
FXTM:
- FXTM Standard: This account type is suitable for beginners and traders who prefer a commission-free and flexible trading environment. It has no commissions but higher spreads, starting from 1.3 pips for the EUR/USD pair. It supports the MetaTrader 4 and 5 platforms and various payment methods. It has a minimum deposit of $10 and a maximum leverage of 1:2000.
- FXTM Cent: This account type is suitable for traders who want to trade with micro lots and lower risk. It has no commissions but higher spreads, starting from 1.5 pips for the EUR/USD pair. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $10 and a maximum leverage of 1:1000.
- FXTM Stock CFDs: This account type is suitable for traders who want to trade stock CFDs from major US companies. It has no commissions but higher spreads, starting from 0.1 pips for the stock CFDs. It supports the MetaTrader 5 platform and various payment methods. It has a minimum deposit of $100 and a maximum leverage of 1:10.
- FXTM ECN: This account type is suitable for experienced and professional traders who prefer a low-cost and transparent trading environment. It has low spreads, starting from 0.1 pips for the EUR/USD pair, but charges commissions of $2 per lot. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $500 and a maximum leverage of 1:1000.
- FXTM ECN Zero: This account type is suitable for traders who prefer a commission-free and transparent trading environment. It has no commissions but higher spreads, starting from 1.5 pips for the EUR/USD pair. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $500 and a maximum leverage of 1:1000.
- FXTM Pro: This account type is suitable for high-volume and institutional traders who prefer a premium and customized trading environment. It has ultra-low spreads, starting from 0 pips for the EUR/USD pair, but charges commissions of $2 per lot. It supports the MetaTrader 4 platform and various payment methods. It has a minimum deposit of $25,000 and a maximum leverage of 1:200.
Tickmill vs FXTM Deposit Options Comparison
Both Tickmill and FXTM offer various payment methods for depositing and withdrawing funds from their trading accounts.
- Tickmill: Tickmill supports the following payment methods: credit/debit cards (Visa, Mastercard, Maestro), wire transfer, e-wallets (Skrill, Neteller, WebMoney, QIWI, FasaPay, UnionPay), cryptocurrencies (Bitcoin, Ethereum) and local payment methods (GlobePay, M-Pesa, Sticpay). The minimum deposit amount is $100 for most payment methods, except for wire transfer ($5000) and cryptocurrencies ($1000). The minimum withdrawal amount is $25 for most payment methods, except for wire transfer ($100) and cryptocurrencies ($50). Tickmill does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant for most payment methods, except for wire transfer (1-7 working days) and cryptocurrencies (1-3 hours). The processing time for withdrawals is 1 working day for most payment methods, except for wire transfer (2-7 working days) and cryptocurrencies (1-3 hours).
- FXTM: FXTM supports the following payment methods: credit/debit cards (Visa, Mastercard, Maestro), wire transfer, e-wallets (Skrill, Neteller, WebMoney, YooMoney, Perfect Money), local bank transfers and local payment methods (GlobePay, PayRedeem, JCB Card, Google Wallet, WeChat Pay, Western Union, WorldPay). The minimum deposit amount is $10 for most payment methods, except for wire transfer ($200) and local bank transfers ($100). The minimum withdrawal amount is $10 for most payment methods, except for wire transfer ($100) and local bank transfers ($50). FXTM does not charge any fees for deposits or withdrawals in the same currency as the trading account, but conversion fees may apply for different currencies. The processing time for deposits is instant for most payment methods, except for wire transfer (3-5 working days) and local bank transfers (1-2 working days). The processing time for withdrawals is 24 hours for most payment methods, except for wire transfer (3-5 working days) and local bank transfers (1-2 working days).
Tickmill vs FXTM Trading Platforms Comparison
Both Tickmill and FXTM offer the popular MetaTrader 4 and MetaTrader 5 platforms as their main trading platforms.However, there are some differences in the platform options and features offered by each broker. Such as:
- Tickmill: Tickmill offers the MetaTrader 4 platform as its main trading platform. It supports both desktop and mobile versions of the platform, as well as a web-based version that can be accessed from any browser. Tickmill also offers a VPS service for traders who want to run their Expert Advisors (EAs) or automated trading strategies without interruption. The VPS service is free for traders who deposit at least $5000 and trade at least 5 lots per month. Tickmill also provides various trading tools and indicators for its clients, such as Autochartist, Myfxbook, Economic Calendar, Forex Calculators and One-Click Trading.
- FXTM: FXTM offers both the MetaTrader 4 and MetaTrader 5 platforms as its main trading platforms. It supports both desktop and mobile versions of the platforms, as well as a web-based version that can be accessed from any browser. FXTM also offers a VPS service for traders who want to run their Expert Advisors (EAs) or automated trading strategies without interruption. The VPS service is free for traders who deposit at least $5000 and trade at least 3 lots per month. FXTM also provides various trading tools and indicators for its clients, such as FXTM Pivot Points Strategy, FXTM Trader App, FXTM Invest (a copy trading service), Economic Calendar, Forex News Timeline and Market Analysis.
Tickmill vs FXTM Analytical Tools Comparison
Both Tickmill and FXTM offer various analytical tools and resources for their clients to help them with their trading decisions and strategies. However, there are some differences in the type and quality of the analytical tools and resources offered by each broker. Such as:
- Tickmill: Tickmill offers the following analytical tools and resources for its clients: Autochartist, Myfxbook, Economic Calendar, Forex Calculators and One-Click Trading. Autochartist is a powerful tool that scans the market for trading opportunities based on technical analysis and chart patterns. It also provides market volatility analysis, performance statistics and trading signals. Myfxbook is a social trading network that allows traders to share their trading performance, strategies and ideas with other traders. It also provides market analysis, news and economic events. Economic Calendar is a tool that displays the upcoming economic events and indicators that may affect the market movements. Forex Calculators are tools that help traders calculate various aspects of their trading, such as margin, pip value, swap, profit and loss. One-Click Trading is a feature that allows traders to execute trades with a single click, without having to confirm or enter any additional details.
- FXTM: FXTM offers the following analytical tools and resources for its clients: FXTM Pivot Points Strategy, FXTM Trader App, FXTM Invest, Economic Calendar, Forex News Timeline and Market Analysis. FXTM Pivot Points Strategy is a tool that helps traders identify potential support and resistance levels based on pivot points. It also provides trading signals and tips based on the pivot points strategy. FXTM Trader App is a mobile app that allows traders to access their trading accounts, execute trades, manage their funds and access market analysis from their smartphones or tablets. FXTM Invest is a copy trading service that allows traders to follow and copy the trades of successful investors with proven track records. It also allows investors to earn commissions from their followers. Economic Calendar is a tool that displays the upcoming economic events and indicators that may affect the market movements. Forex News Timeline is a tool that provides real-time news and updates from reputable sources that may impact the market trends. Market Analysis is a tool that provides daily and weekly market reports, technical analysis, fundamental analysis and trading signals from FXTM’s team of experts.
Tickmill vs FXTM. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences and goals. However, based on a comparison of the key aspects of each broker, such as regulations, trading assets, trading fees, account types, payment methods, trading platforms and analytical tools , here are some possible scenarios where you might prefer one broker over another:
- You may prefer Tickmill if you are looking for a broker that is regulated by multiple authorities in different jurisdictions that offers trading in bonds and some unique cryptocurrencies, has lower commissions on Pro and VIP accounts, supports only MetaTrader 4 platform and offers Autochartist and Myfxbook as analysis tools.
- You may prefer FXTM if you are looking for a broker that offers a wider range of trading assets, especially on the stock and futures markets, with lower minimum deposit requirements for most account types, supports both MetaTrader 4 and 5 platforms and offers FXTM Invest and FXTM Pivot Points as analysis tools.
Ultimately, choosing a broker depends on your personal preferences and trading goals. Therefore, you may want to do your own research and due diligence before opening an account with either broker. You can also test the broker’s services and features with a demo account before signing up for a real account.
