Compare Tickmill vs NPBFX
What is Tickmill? What is NPBFX?
Tickmill is a trading name of Tickmill UK Ltd and Tickmill Ltd, which are regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA) respectively. Tickmill offers trading on 60+ currency pairs, 500 stocks & ETFs, 15+ indices, precious metals, energies, bonds and cryptocurrencies.
NPBFX is a trading name of NMarkets Limited, which is regulated by the laws of the Island of Moheli in the Comoros Union. NPBFX also has a partner company in Saint Vincent and the Grenadines that is registered by the Financial Services Authority. NPBFX offers trading on 38 currency pairs, gold, silver, Brent and WTI oil.
Tickmill vs NPBFX Regulation Comparison
Both Tickmill and NPBFX are members of The Financial Commission, an international organization that resolves disputes in the financial markets. However, Tickmill has more reputable regulators in the UK and Seychelles, while NPBFX has less recognized regulators in the Comoros Union and Saint Vincent and the Grenadines. Therefore, Tickmill may be considered more trustworthy and secure than NPBFX in terms of regulation.
Tickmill vs NPBFX Trading Assets Comparison
Tickmill has a wider range of trading assets than NPBFX, as it offers more currency pairs, stocks & ETFs, indices, bonds and cryptocurrencies. NPBFX only offers currency pairs, gold, silver and oil. Here is a table that compares the number of trading assets offered by each broker:
| Asset Class | Tickmill | NPBFX |
|---|---|---|
| Forex | 60+ | 38 |
| Stocks & ETFs | 500 | 0 |
| Indices | 15+ | 0 |
| Bonds | 2 | 0 |
| Commodities | 4 | 4 |
| Cryptos | 4 | 0 |
Tickmill vs NPBFX Trading Fees Comparison
Both Tickmill and NPBFX use the STP/NDD (Straight Through Processing/No Dealing Desk) model to execute orders without any conflict of interest with their clients. They also offer competitive spreads and commissions on their trading accounts. However, there are some differences in their fee structures depending on the account type and the asset class. Here is a table that compares the average spreads and commissions for some popular instruments on each broker’s account types:
| Instrument | Account Type | Tickmill | NPBFX |
|---|---|---|---|
| EUR/USD | Classic/Standard | 1.6 pips | 0.8 pips |
| EUR/USD | Pro/Master | 0.0 pips + $4 per lot round turn | 0.6 pips + $8 per lot round turn |
| EUR/USD | VIP/Premium | 0.0 pips + $2 per lot round turn | NA |
| XAU/USD | Classic/Standard | 12 cents | NA |
| XAU/USD | Pro/Master | 10 cents + $4 per lot round turn | NA |
| XAU/USD | VIP/Premium | 10 cents + $2 per lot round turn | NA |
| DE30 (DAX) | Classic/Standard | 0.8 points | NA |
| DE30 (DAX) | Pro/Master | 0.5 points + $4 per lot round turn | NA |
| DE30 (DAX) | VIP/Premium | 0.5 points + $2 per lot round turn | NA |
Tickmill has lower spreads and commissions than NPBFX on most instruments and account types, except for the EUR/USD pair on the Classic/Standard account type.
Tickmill vs NPBFX Account Types Comparison
Both Tickmill and NPBFX offer three types of trading accounts: Classic/Standard, Pro/Master and VIP/Premium. The main differences between them are the minimum deposit, the base currencies, the leverage and the swap rates. Here is a table that compares these features for each account type:
| Feature | Account Type | Tickmill | NPBFX |
|---|---|---|---|
| Minimum Deposit (USD) | Classic/Standard | 100 | 10 |
| Minimum Deposit (USD) | Pro/Master | 100 | 5000 |
| Minimum Deposit (USD) | VIP/Premium | 50,000 | NA |
| Base Currencies | Classic/Standard | USD, EUR, GBP, ZAR | USD, EUR |
| Base Currencies | Pro/Master | USD, EUR, GBP, ZAR | USD, EUR |
| Base Currencies | VIP/Premium | USD, EUR, GBP, ZAR | NA |
| Max Leverage | Classic/Standard | 1:500 | 1:1000 |
| Max Leverage | Pro/Master | 1:500 | 1:200 |
| Max Leverage | VIP/Premium | 1:500 | NA |
| Swap Rates | Classic/Standard | Standard | Standard |
| Swap Rates | Pro/Master | Standard | Standard |
| Swap Rates | VIP/Premium | Standard or Islamic (swap-free) option available for Muslim clients only. NA |
Tickmill has higher minimum deposits for the VIP/Premium account type, but also more base currency options and a swap-free option for Muslim clients. NPBFX has lower minimum deposits for the Classic/Standard and Pro/Master account types, but also lower leverage and no VIP/Premium account type.
Tickmill vs NPBFX Deposit Options Comparison
Both Tickmill and NPBFX offer various deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets and local payment methods. However, there are some differences in the processing time, the fees and the availability of these options depending on the country of residence of the client. Here is a table that compares some of the most common deposit and withdrawal options for each broker:
| Option | Broker | Processing Time (Business Days) | Fees (USD) |
|---|---|---|---|
| Bank Wire Transfer (Deposit) | Tickmill | 1-7 days depending on the bank and country of origin. | No fees charged by Tickmill but intermediary banks may charge fees. |
| Bank Wire Transfer (Deposit) | NPBFX | 2-5 days depending on the bank and country of origin. | No fees charged by NPBFX but intermediary banks may charge fees. |
| Bank Wire Transfer (Withdrawal) | Tickmill | 1-7 days depending on the bank and country of destination. | No fees charged by Tickmill but intermediary banks may charge fees. |
| Bank Wire Transfer (Withdrawal) | NPBFX | 2-5 days depending on the bank and country of destination. | No fees charged by NPBFX but intermediary banks may charge fees. |
| Credit/Debit Card (Deposit) | Tickmill | Instant or up to 24 hours depending on the card issuer. | No fees charged by Tickmill but card issuer may charge fees. |
| Credit/Debit Card (Deposit) | NPBFX | Instant or up to 24 hours depending on the card issuer. | No fees charged by NPBFX but card issuer may charge fees. |
| Credit/Debit Card (Withdrawal) | Tickmill | Up to 24 hours depending on the card issuer. | No fees charged by Tickmill but card issuer may charge fees. |
| Credit/Debit Card (Withdrawal) | NPBFX | Up to 24 hours depending on the card issuer. | No fees charged by NPBFX but card issuer may charge fees. |
| Skrill (Deposit) | Tickmill | Instant or up to 24 hours depending on Skrill verification status. | No fees charged by Tickmill but Skrill may charge fees. |
| Skrill (Deposit) | NPBFX | Instant or up to 24 hours depending on Skrill verification status. | No fees charged by NPBFX but Skrill may charge fees. |
| Skrill (Withdrawal) | Tickmill | Up to 24 hours depending on Skrill verification status. | No fees charged by Tickmill but Skrill may charge fees. |
| Skrill (Withdrawal) | NPBFX | Up to 24 hours depending on Skrill verification status. | No fees charged by NPBFX but Skrill may charge fees. |
Both brokers have similar deposit and withdrawal options and processing times, but they may differ in terms of fees and availability depending on the client’s country of residence.
Tickmill vs NPBFX Trading Platforms Comparison
Both Tickmill and NPBFX use MetaTrader 4 as their main trading platform, which is a popular and user-friendly platform that offers advanced charting tools, indicators, expert advisors, automated trading and more. They also offer mobile versions of MT4 for iOS and Android devices, as well as a web-based version that can be accessed from any browser.
However, Tickmill also offers MetaTrader 5 as an alternative trading platform, which is an upgraded version of MT4 that has more features and capabilities, such as more timeframes, more order types, more indicators, more analytical tools, a built-in economic calendar and more. NPBFX does not offer MT5 as an option for its clients.
Therefore, Tickmill has an advantage over NPBFX in terms of trading platforms, as it offers both MT4 and MT5, while NPBFX only offers MT4.
Tickmill vs NPBFX Analytical Tools Comparison
Both Tickmill and NPBFX offer various analytical tools and resources for their clients, such as market news, economic calendar, trading signals, webinars, articles, videos and more . However, there are some differences in the quality and quantity of these tools and resources depending on the broker.
- Tickmill offers a portal called Signal Centre Tool, which provides unique human and AI driven analysis with actionable trading ideas across multiple CFD asset classes, right on the MT4 or MT5 platform. Tickmill also offers access to futures contracts via regulated trading exchanges such as the CME Group. Tickmill also has a blog that covers various topics related to trading and the financial markets.
- NPBFX offers a portal called Chat with Expert, which allows clients to communicate with professional analysts and get answers to their questions about the market conditions and trading strategies. NPBFX also offers a calculator tool that helps clients to calculate their margin, profit, swap and pip value for different instruments. NPBFX also has a blog that covers various topics related to trading and the financial markets.
Therefore, both brokers have similar analytical tools and resources for their clients, but they may differ in terms of their features and functions depending on the broker.
Tickmill vs NPBFX. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals, trading style, strategy, risk tolerance, etc. However, here are some possible advantages and disadvantages of each broker that you can consider:
Tickmill
Advantages:
- More reputable and secure regulators in the UK and Seychelles
- Wider range of trading assets, including stocks & ETFs, indices, bonds and cryptocurrencies
- Lower spreads and commissions on most instruments and account types
- More base currency options and a swap-free option for Muslim clients
- Both MT4 and MT5 trading platforms available
- Signal Centre Tool that provides human and AI driven analysis and trading ideas
Disadvantages:
- Higher minimum deposit for the VIP/Premium account type
- No local payment methods for some countries
NPBFX
Advantages:
- Lower minimum deposit for the Classic/Standard and Pro/Master account types
- Higher leverage for the Classic/Standard account type
- Chat with Expert portal that allows communication with professional analysts
- Calculator tool that helps with margin, profit, swap and pip value calculations
Disadvantages:
- Less recognized and secure regulators in the Comoros Union and Saint Vincent and the Grenadines
- Narrower range of trading assets, only currency pairs, gold, silver and oil
- Higher spreads and commissions on the EUR/USD pair on the Classic/Standard account type
- Only MT4 trading platform available
- No local payment methods for some countries
Ultimately, choosing a forex broker depends on your personal preferences and needs. You may want to try both brokers with a demo account before deciding which broker to open a live account with.
