Compare Tickmill vs Land-FX
What is Tickmill? What is Land-FX?
Tickmill is a global online broker that offers trading in forex, CFDs, stocks, bonds, commodities and cryptocurrencies. It is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). It has over 200,000 active traders and over $120 billion traded value per month.
Land-FX is an online broker that offers trading in forex and CFDs. It is regulated by the FSA of Saint Vincent and the Grenadines. It has over 10,000 active traders and over $5 billion traded value per month.
Tickmill vs Land-FX Regulation Comparison
| Broker | Regulator | License Number | Client Protection |
|---|---|---|---|
| Tickmill UK Ltd | FCA | 717270 | Up to £85,000 per eligible client |
| Tickmill Ltd | FSA (Seychelles) | SD008 | No compensation scheme |
| Land-FX | FSA (SVG) | 23627 IBC 2016 | No compensation scheme |
Tickmill vs Land-FX Trading Assets Comparison
| Broker | Forex Pairs | Indices | Stocks & ETFs | Bonds | Commodities | Cryptos |
|---|---|---|---|---|---|---|
| Tickmill | 60+ | 15+ | 500+ | 2 (German and US) | 4 (Gold, Silver, Oil, Gas) | No |
| Land-FX | 50+ | 12+ | No | No | 4 (Gold, Silver, Oil, Gas) | No |
Tickmill vs Land-FX Trading Fees Comparison
| Broker | Account Type | Minimum Deposit | Spread (EUR/USD) | Commission (per lot) |
|---|---|---|---|---|
| Tickmill | Classic | $100 or equivalent in other currencies | From 1.6 pips | $0 |
| Tickmill | Pro | $100 or equivalent in other currencies | From 0.0 pips | $4 |
| Tickmill | VIP | $50,000 or equivalent in other currencies | From 0.0 pips | $2 |
| Land-FX | Standard | $10 or equivalent in other currencies | From 0.9 pips | $0 |
| Land-FX | ECN | $1000 or equivalent in other currencies | From 0.0 pips | $6 |
The minimum deposit may vary depending on the payment method and the country of residence of the client.
The VIP account is only available for clients of Tickmill Ltd (FSA).
Land-FX also offers a Swap Free account for clients who follow the Islamic faith.
The leverage for Land-FX accounts is up to 1000:1 for forex and up to 200:1 for CFDs.
Tickmill vs Land-FX Account Types Comparison
Both brokers offer three types of accounts: Classic/Standard, Pro/ECN and VIP/Swap Free. The main differences are:
- Tickmill’s Classic account has no commission but higher spreads than the Pro and VIP accounts.
- Tickmill’s Pro and VIP accounts have lower spreads but charge a commission per lot traded.
- Tickmill’s VIP account requires a minimum balance of $50,000 and offers lower commissions than the Pro account.
- Land-FX’s Standard account has no commission but higher spreads than the ECN account.
- Land-FX’s ECN account has lower spreads but charges a higher commission than Tickmill’s Pro and VIP accounts.
- Land-FX’s Swap Free account has no swap charges but higher spreads than the Standard and ECN accounts.
Tickmill vs Land-FX Deposit Options Comparison
Both brokers offer a variety of payment methods for depositing and withdrawing funds, such as bank wire, credit/debit cards, e-wallets and local transfers. However, the availability and fees of each method may vary depending on the country of residence of the client and the currency of the account. Here is a table that shows some of the common payment methods and their fees for both brokers:
| Broker | Payment Method | Deposit Fee | Withdrawal Fee |
|---|---|---|---|
| Tickmill | Bank Wire | Depends on the bank | Depends on the bank |
| Tickmill | Visa/Mastercard | 0% | 0% |
| Tickmill | Skrill | 0% | 0% |
| Tickmill | Neteller | 0% | 0% |
| Tickmill | FasaPay | 0% | 0% |
| Tickmill | UnionPay | 0% | 0% |
| Land-FX | Bank Wire | Depends on the bank | Depends on the bank |
| Land-FX | Visa/Mastercard | 0% or equivalent in other currencies | $10 or equivalent in other currencies |
| Land-FX | Skrill | 0% or equivalent in other currencies | $1 or equivalent in other currencies |
| Land-FX | Neteller | 0% or equivalent in other currencies | $1 or equivalent in other currencies |
| Land-FX | FasaPay | 0.5% or equivalent in other currencies | 0.5% or equivalent in other currencies |
| Land-FX | UnionPay | 1.2% or equivalent in other currencies | $10 or equivalent in other currencies |
Tickmill vs Land-FX Trading Platforms Comparison
Both brokers offer the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used and popular among traders. These platforms allow traders to access the markets, execute orders, analyze charts, use indicators, create custom scripts and use automated trading systems (Expert Advisors). The platforms are available for Windows, Mac, Android, iOS and WebTrader.
Tickmill vs Land-FX Analytical Tools Comparison
Both brokers provide various tools and resources to help traders with their market analysis and trading decisions. Some of these tools are:
- Economic Calendar: A calendar that shows the dates and times of important economic events and indicators that may affect the markets.
- Market News: A section that provides the latest news and updates on the financial markets and global events.
- Trading Signals: A service that provides trading ideas and recommendations based on technical and fundamental analysis.
- Signal Centre Tool: A unique tool offered by Tickmill that combines human and AI driven analysis with actionable trading ideas across multiple CFD asset classes, right on the MT4 or MT5 platform.
- Copy Trading: A service that allows traders to copy the trades of other successful traders automatically.
Tickmill vs Land-FX. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. Both brokers have their own advantages and disadvantages, and you can do your research and due diligence before choosing one. However, you may want to consider some of the following factors:
- Regulation: Tickmill is regulated by the FCA, which is a rigorous and reputable regulatory body that offers a high level of client protection. Land-FX is regulated by SVG’s FSA, a lax and disreputable regulator that doesn’t offer any compensation scheme.
- Trading Assets: Tickmill offers a wider range of tradable assets than Land-FX, including stocks, bonds, and cryptocurrencies. Land-FX only offers forex and CFDs on indices and commodities.
- Trading Fees: Tickmill offers lower spreads and commissions than Land-FX, especially for Pro and VIP accounts. Land-FX charges higher commission for ECN accounts and higher spreads for Free Overnight accounts.
- Payment Methods: Both brokers offer similar payment methods, but Land-FX charges a fee for some of them, while Tickmill does not. However, fees may vary depending on the currency of the account and the client’s country of residence.
- Trading Platforms: Both brokers offer MT4 and MT5 platforms, which are reliable and user-friendly. However, Tickmill also offers a Signal Center Tool that provides trading signals based on human and AI analysis.
- Analytical Tools: Both brokers offer a variety of tools and resources to help traders analyze the market and make trading decisions. However, Tickmill also offers a Copy Trades service that allows traders to automatically copy the trades of other successful traders.
In the end, the choice is yours. You may want to open a demo account with both brokers and test their services before making a decision.
