Compare Tickmill vs InstaForex
What is Tickmill? What is InstaForex?
Tickmill is a forex and CFD broker that was established in 2014 and is regulated by multiple authorities, including FCA, CySEC, FSCA, FSA and DFSA.
InstaForex is a forex and CFD broker that was established in 2007 and is regulated by FSC (British Virgin Islands) and FSA (St. Vincent & the Grenadines).
Tickmill vs InstaForex Regulation Comparison
Tickmill has more regulatory licenses than InstaForex, which means it has more oversight and protection for its clients.
Tickmill is authorized to operate in the UK, EU, South Africa, Malaysia, UAE and other countries.
InstaForex is only authorized to operate in the British Virgin Islands and St. Vincent & the Grenadines, which are offshore jurisdictions with less strict regulations.
Tickmill vs InstaForex Trading Assets Comparison
Tickmill offers more trading assets than InstaForex. Tickmill offers over 80 instruments, including 62 currency pairs, 15 indices, 4 metals, 3 bonds, 2 oil types, 14 ETFs, 30 shares and 6 cryptocurrencies.
InstaForex offers over 70 instruments, including 55 currency pairs, 8 metals, 2 oil types and 9 cryptocurrencies.
Tickmill vs InstaForex Trading Fees Comparison
Tickmill has lower trading fees than InstaForex. Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commissions but a higher spread starting from 1.6 pips. The Pro account has a low commission of $2 per lot but a lower spread starting from 0 pips. The VIP account has an even lower commission of $1 per lot but a higher minimum deposit of $50,000.
InstaForex offers four account types: Standard, Eurica, ECN and ECN Zero. The Standard and Eurica accounts have no commissions but a higher spread starting from 3 pips. The ECN and ECN Zero accounts have a commission of $30 per lot but a lower spread starting from 0 pips.
Tickmill vs InstaForex Account Types Comparison
- Tickmill offers three types of accounts: Classic, Pro and VIP
- The Classic account has no commissions, but higher spreads starting from 1.6 pips
- The Pro account has low commissions of $1 per lot, but lower spreads starting from 0 pips
- The VIP account has no commissions, but lower spreads starting from 0 pips. It requires a minimum deposit of $50,000
- InstaForex offers four types of accounts: Standard, Eurica, ECN and PAMM
- The Standard account has no commissions, but higher fixed spreads starting from 3 pips
- The Eurica account has no spreads, but high commissions of 0.03%-0.07% of the trade volume
- The ECN account has variable spreads starting from 0.8 pips, but high commissions of $30 per lot
- The PAMM account is for investors who want to copy the trades of successful traders for a fee
Tickmill vs InstaForex Deposit Options Comparison
Tickmill offers more deposit and withdrawal options than InstaForex, including credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, QIWI, FasaPay and cryptocurrencies
Tickmill does not charge any fees for deposits or withdrawals, except for wire transfers that may incur bank charges.
InstaForex offers fewer deposit and withdrawal options than Tickmill, including credit/debit cards, wire transfer, Skrill, Neteller, UnionPay, AliPay, SOFORT and cryptocurrencies
InstaForex charges fees for some deposit and withdrawal methods, such as 0.5%-1.5% for Skrill, 2% for Neteller, 1.5% for UnionPay and 0.5% for cryptocurrencies
Tickmill vs InstaForex Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) platform, which is compatible with Windows, Mac, iOS and Android devices
MT4 allows traders to access various features, such as charting tools, indicators, expert advisors, automated trading and social trading
Tickmill also offers the MetaTrader 5 (MT5) platform, which is an upgraded version of MT4 with more features, such as more timeframes, more order types, more indicators and more markets
InstaForex does not offer the MT5 platform, but it offers its own proprietary platform called InstaBinary, which is designed for binary options trading
Tickmill vs InstaForex Analytical Tools Comparison
Tickmill offers more analytical tools than InstaForex, such as economic calendar, market news, market analysis, trading signals, webinars and educational materials.
InstaForex offers fewer analytical tools than Tickmill, such as economic calendar, market news, market analysis and educational materials.
Tickmill vs InstaForex. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences and trading goals. However, it can be said that Tickmill has some advantages over InstaForex, such as:
- Multiple licenses regulated and protected
- Lower transaction fees and commissions
- More deposit and withdrawal options with no fees
- More trading platforms and features
- More analytical tools and resources
Therefore, you can consider Tickmill as a better forex broker than InstaForex. However, you should also do your own research and appraisal before making a final decision.
