Compare Tickmill vs Libertex
What is Tickmill? What is Libertex?
Tickmill is a global online broker that was founded in 2014 and is regulated by several authorities, including the UK FCA and the Seychelles FSA. It offers trading on MT4 and MT5 platforms, with low spreads and commissions, as well as various tools and educational resources.
Libertex is a brand name of Forex Club, a group of companies that was established in 1997 and is regulated by CySEC in Cyprus. It offers trading on MT4, MT5 and its own proprietary mobile app, with competitive pricing and a wide range of cryptocurrencies.
Tickmill vs Libertex Regulation Comparison
Tickmill has a higher trust score than Libertex, as it holds more tier-1 and tier-2 licenses from reputable regulators. Tickmill is authorized by the UK FCA, the Cyprus CySEC, and the South Africa FSCA, among others.
Libertex is only regulated by CySEC, which has temporarily suspended its license in the past due to regulatory violations.
Tickmill vs Libertex Trading Assets Comparison
Both brokers offer a similar number of forex pairs, with Tickmill having 63 and Libertex having 51. However, Libertex has a clear advantage in terms of cryptocurrency pairs, as it offers 50 compared to Tickmill’s 13. Tickmill has more CFDs on commodities, metals, indices, equities, bonds and ETFs than Libertex, with a total of 725 versus 300.
Tickmill vs Libertex Trading Fees Comparison
Both brokers have low trading costs, but they differ in their pricing models. Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commission but higher spreads, starting from 1.6 pips for EUR/USD. The Pro and VIP accounts have lower spreads, starting from 0 pips for EUR/USD, but charge a commission of $4 per round lot. The VIP account also requires a minimum deposit of $50,000.
Libertex has a simpler fee structure, as it charges only spreads and no commissions. The spreads vary depending on the asset and the account type, but they start from 0.4 pips for EUR/USD for the Gold account, which requires a minimum deposit of $5,000.
Tickmill vs Libertex Account Types Comparison
Tickmill offers three account types: Classic, Pro and VIP. The minimum deposit for the Classic and Pro accounts is $100, while the VIP account requires $50,000. The maximum leverage for all accounts is 1:500.
Libertex offers four account types: Basic, Silver, Gold and Platinum. The minimum deposit for the Basic account is $10, while the Platinum account requires $50,000. The maximum leverage for all accounts is 1:999.
Tickmill vs Libertex Deposit Options Comparison
Both brokers support various payment methods for deposits and withdrawals, such as bank wire transfer, credit/debit cards, e-wallets and local payment systems. However, Tickmill offers more options than Libertex, with 10 versus 6. Both brokers charge third-party fees for some payment methods, but Tickmill does not charge any internal fees for deposits or withdrawals. Libertex charges a monthly inactivity fee of $5 after 90 days of no trading activity.
Tickmill vs Libertex Trading Platforms Comparison
Both brokers offer MT4 and MT5 as their main trading platforms, which are widely used and trusted by traders around the world. They also provide various add-ons and plugins to enhance the functionality of the platforms, such as Autochartist, Acuity Trading Tool and Advanced Trader Toolkit at Tickmill, and Trading Central at Libertex. However, Libertex also has its own proprietary mobile app that allows traders to access the markets from anywhere with an internet connection. The app has a user-friendly interface and features such as news feed, market analysis, signals and alerts.
Tickmill vs Libertex Analytical Tools Comparison
Both brokers provide traders with various analytical tools to help them make informed trading decisions. Tickmill offers market insights from its team of analysts on its blog and YouTube channel, as well as webinars and seminars on various topics. Libertex provides market analysis from Trading Central on its platform and website, as well as educational videos on its YouTube channel. Both brokers also offer social and copy trading services through third-party providers, such as Myfxbook AutoTrade and Pelican Trading at Tickmill, and ZuluTrade and DupliTrade at Libertex.
Tickmill vs Libertex. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and budget. Both Tickmill and Libertex have their pros and cons, and you should consider them carefully before choosing. Ultimately, the best forex broker for you is the one that best suits your needs and expectations.
