Compare Tickmill vs IronFX
What is Tickmill? What is IronFX?
Tickmill is a forex and CFD broker that was founded in 2014 and is regulated by the FCA in the UK, the CySEC in Cyprus, the FSCA in South Africa and the DFSA in the UAE.
IronFX is a forex and CFD broker that was founded in 2010 and is regulated by the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia and the BMA in Bermuda.
Tickmill vs IronFX Regulation Comparison
Both brokers are considered average-risk, with an overall Trust Score of 82 out of 99 for Tickmill and 84 out of 99 for IronFX.
Both brokers have one Tier-1 license (high trust) from the FCA in the UK.
IronFX has one more Tier-1 license from the ASIC in Australia, while Tickmill has three Tier-2 licenses (average trust) from the CySEC in Cyprus, the FSCA in South Africa and the DFSA in the UAE.
IronFX has one Tier-3 license (low trust) from the BMA in Bermuda, while Tickmill has no Tier-3 licenses.
Tickmill vs IronFX Trading Assets Comparison
Tickmill offers more tradeable symbols (total) than IronFX, with 725 vs 340.
IronFX offers more forex pairs (total) than Tickmill, with 83 vs 63.
Both brokers offer cryptocurrency CFDs, but not physical cryptocurrency trading.
Tickmill vs IronFX Trading Fees Comparison
Both brokers charge variable spreads on forex and CFD trading, which depend on the account type, market conditions and trading platform.
Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commissions but higher spreads, while the Pro and VIP accounts have lower spreads but charge commissions of $4 and $2 per round turn lot respectively.
IronFX offers four account types: Micro, Premium, VIP and Zero Fixed Spread. The Micro, Premium and VIP accounts have no commissions but variable spreads, while the Zero Fixed Spread account has fixed spreads but charges commissions of $18 per round turn lot.
The average spread for EUR/USD on a standard account is 1.6 pips for Tickmill and 2.2 pips for IronFX.
Tickmill vs IronFX Account Types Comparison
Tickmill offers three account types: Classic, Pro and VIP. The minimum deposit for each account type is $100, $100 and $50,000 respectively. The maximum leverage for each account type is 1:500, 1:500 and 1:200 respectively.
IronFX offers four account types: Micro, Premium, VIP and Zero Fixed Spread. The minimum deposit for each account type is $100, $2,500, $20,000 and $500 respectively. The maximum leverage for each account type is 1:1000, 1:500, 1:200 and 1:200 respectively.
Tickmill vs IronFX Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller and PayPal) and local payment methods (such as FasaPay for Indonesia).
Both brokers do not charge any fees for deposits or withdrawals. However, some third-party fees may apply depending on the payment method used.
Both brokers process withdrawal requests within one business day if received before a certain cut-off time. However, the actual time it takes for the funds to reach your account may vary depending on the payment method used.
Tickmill vs IronFX Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) as their main trading platform. MT4 is a popular and user-friendly platform that supports multiple chart types, indicators, expert advisors, automated trading, one-click trading and more.
Both brokers also offer WebTrader, a web-based version of MT4 that can be accessed from any browser without downloading any software.
Both brokers also offer mobile trading apps for iOS and Android devices, which allow you to trade on the go from your smartphone or tablet.
Tickmill vs IronFX Analytical Tools Comparison
Both brokers provide some analytical tools and resources to help their clients with their trading decisions.
Tickmill offers an economic calendar, a market news section, a blog, a video library, a traders’ calculator, a VPS service and a rebate program.
IronFX offers an economic calendar, a market news section, a blog, a video library, a market analysis section, a VPS service and a loyalty program.
Both brokers also offer copy trading services, which allow you to follow and copy the trades of other successful traders. Tickmill uses Myfxbook AutoTrade, while IronFX uses IronFX Social Trader.
Tickmill vs IronFX. Which forex broker is better? Which forex broker should you choose?
Different forex brokers may suit different traders depending on their preferences, goals and strategies. However, you can refer to some general tips on how to choose a forex broker that is right for you:
- Consider your trading style and needs. For example, if you are a scalper or day trader, you may want to find a broker that offers low spreads and commissions, fast execution, and high leverage. If you are a long-term trader or a beginner, you may want to find a broker that offers educational resources, customer support, and a demo account.
- Check the broker’s regulation and reputation. You should always trade with a regulated broker with a good track record and follow the rules and standards of the relevant authorities. You can check the broker’s license and regulations on their website or on the website of the regulator.
- Compare brokers’ trading conditions and features. You should compare your broker’s trading assets, fees, account types, deposit and withdrawal options, trading platforms and analytical tools. You should also check out the broker’s services by opening a demo account or a small live account and see how they perform in terms of execution, customer service and technical issues.
- Choose a broker that meets your expectations and requirements. After doing research and testing, you will have a clear idea of which broker offers the best value and quality for your trading needs. You should also consider your personal preferences and feelings about the broker, such as website design, customer support style, and general impression.
Ultimately, these tips will help you choose a better forex broker for you.
