Compare Tickmill vs IQ Option
What is Tickmill? What is IQ Option?
Tickmill is a forex and CFD broker that offers trading in various instruments, such as currency pairs, indices, commodities, bonds and cryptocurrencies. Tickmill is regulated by multiple authorities, such as FCA, CySEC, FSA and FSCA.
IQ Option is an online trading platform that offers binary options, forex, CFDs, stocks and cryptocurrencies. IQ Option is regulated by CySEC and claims to have over 40 million registered users.
Tickmill vs IQ Option Regulation Comparison
Tickmill has more regulatory licenses than IQ Option, which means it has to comply with stricter rules and standards in different jurisdictions. Tickmill is authorized by the UK’s FCA, Cyprus’ CySEC, South Africa’s FSCA, Seychelles’ FSA and Labuan’s LFSA.
IQ Option is only regulated by Cyprus’ CySEC, which covers its operations in the European Economic Area. However, IQ Option does not accept clients from many countries, such as the USA, Canada, Australia, Japan and others.
Tickmill vs IQ Option Trading Assets Comparison
Tickmill offers a wider range and depth of trading assets than IQ Option. Tickmill offers 62 forex pairs, 15 stock indices, 4 commodities, 4 bonds and 5 cryptocurrencies. IQ Option offers 33 forex pairs, 11 stock indices, 6 commodities and 14 cryptocurrencies.
IQ Option also offers binary options and digital options, which are high-risk products that can yield high payouts or losses depending on the outcome of the trade. These products are not available at Tickmill.
Tickmill vs IQ Option Trading Fees Comparison
Tickmill has lower trading fees than IQ Option for most instruments. Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commission but a variable spread starting from 1.2 pips. The Pro and VIP accounts have a commission of $4 per lot round turn but a lower spread starting from 0 pips.
IQ Option charges a variable spread for forex and CFDs, which can be as high as 10 pips for some pairs. IQ Option also charges an overnight fee for holding positions overnight and an inactivity fee of €10 after 90 days of no trading activity.
Tickmill vs IQ Option Account Types Comparison
Tickmill has more account types than IQ Option, which gives more flexibility to traders with different preferences and needs. Tickmill offers a free demo account for practice, a Classic account for beginners, a Pro account for experienced traders and a VIP account for high-volume traders. The minimum deposit for the Classic and Pro accounts is $100, while the VIP account requires $50,000.
IQ Option only offers one account type for real trading, which can be opened with a minimum deposit of $10. IQ Option also offers a free demo account for practice.
Tickmill vs IQ Option Deposit Options Comparison
Tickmill has more deposit and withdrawal options than IQ Option, which makes it easier for traders to fund their accounts and withdraw their profits. Tickmill supports various payment methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller, Sticpay), local bank transfers (Fasapay) and mobile payments (M-Pesa).
IQ Option supports fewer payment methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller) and some local payment systems (Boleto, Alipay).
Tickmill vs IQ Option Trading Platforms Comparison
Tickmill uses MetaTrader 4 as its main trading platform, which is a popular and reliable platform that offers advanced charting tools, indicators, automated trading systems and customizability. Tickmill also provides mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
IQ Option uses its own proprietary platform that is user-friendly and easy to use for beginners. The platform offers various features, such as interactive charts, technical analysis tools, price alerts and social trading. IQ Option also provides mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
Tickmill vs IQ Option Analytical Tools Comparison
Tickmill provides more analytical tools than IQ Option to help traders make informed decisions and improve their trading performance. Tickmill offers various tools, such as economic calendar, market news, trading signals, webinars, seminars, blog and educational resources.
IQ Option provides fewer analytical tools than Tickmill, but still offers some useful features, such as market news, video tutorials, blog and community.
Tickmill vs IQ Option. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences, goals and risk appetite. However, you can consider several factors when choosing between Tickmill and IQ Option:
- If you value regulation and security, you may prefer Tickmill, as it has more regulatory licenses than IQ Option and covers more jurisdictions.
- If you want to trade a wider range of instruments, you may prefer Tickmill, as it offers more forex pairs, stock indices, commodities and bonds than IQ Option.
- If you want to trade binary options or digital options, you may prefer IQ Option, as these are not available at Tickmill.
- If you want to trade with lower fees and commissions, you may prefer Tickmill, as it has lower spreads and charges a flat commission for Pro and VIP accounts. IQ Option has higher spreads and charges overnight and inactivity fees.
- If you want to trade with a lower minimum deposit, you may prefer IQ Option, as it only requires $10 to open a real account. Tickmill requires $100 for Classic and Pro accounts and $50,000 for VIP accounts.
- If you want to trade with more payment options, you may prefer Tickmill, as it supports more deposit and withdrawal methods than IQ Option.
- If you want to trade with MetaTrader 4, you may prefer Tickmill, as it uses this platform as its main trading platform. IQ Option uses its own proprietary platform that does not integrate with MetaTrader 4.
- If you want to trade with more analytical tools and educational resources, you may prefer Tickmill, as it offers more features than IQ Option to help traders improve their skills and knowledge .
In the end, the best way to decide which broker is better for you is to experiment for yourself. You can open a free demo account with both brokers and test their platforms, services and features before switching to a real account. You can also read more reviews and feedback from other traders who have used these brokers.
