Compare Tickmill vs Orbex
What is Tickmill? What is Orbex?
Tickmill is a forex and CFD broker that was founded in 2011 and is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on over 60 currency pairs, 15 indices, 500 stocks and ETFs, bonds, commodities and cryptocurrencies with tight spreads, low commissions and fast execution.
Orbex is a forex and CFD broker that was founded in 2010 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Orbex offers trading on over 50 currency pairs, indices, commodities, metals and energies with zero spread accounts, no swaps, no fees and low commissions.
Tickmill vs Orbex Regulation Comparison
Both brokers are regulated by reputable authorities in their jurisdictions. Tickmill UK Ltd is authorized and regulated by the FCA with registration number 717270. Tickmill Ltd is authorized and regulated by the FSA with license number SD008. Orbex Limited is authorized and regulated by the CySEC with license number 124/10.
Tickmill vs Orbex Trading Assets Comparison
Tickmill offers a wider range of trading assets than Orbex, especially in terms of stocks and ETFs. Tickmill has over 500 CFD stocks from various markets such as the US, UK, Germany, France, Spain, Italy, etc. Orbex only offers CFDs on US stocks. Tickmill also has more currency pairs, bonds and cryptocurrencies than Orbex.
| Asset Class | Tickmill | Orbex |
|---|---|---|
| Forex | 60+ currency pairs | 50+ currency pairs |
| Indices | 15+ indices | 11 indices |
| Stocks & ETFs | 500 stocks & ETFs | US stocks only |
| Bonds | German and US bonds | None |
| Commodities | Precious metals and energies | Precious metals and energies |
| Cryptos | Bitcoin, Ethereum, Litecoin, Ripple | None |
Tickmill vs Orbex Trading Fees Comparison
Both brokers offer competitive trading fees depending on the account type chosen by the trader. Tickmill has three account types: Classic, Pro and VIP. The Classic account has no commissions but higher spreads starting from 1.6 pips. The Pro account has low commissions of $2 per side per lot but tight spreads starting from 0 pips. The VIP account has even lower commissions of $1 per side per lot but requires a minimum balance of $50,000.
Orbex has four account types: Standard, Premium, Ultimate and Zero Spread. The Standard account has no commissions but higher spreads starting from 1.5 pips. The Premium account has low commissions of $5 per side per lot but tight spreads starting from 0.8 pips. The Ultimate account has lower commissions of $3 per side per lot but requires a minimum balance of $25,000. The Zero Spread account has zero spreads but higher commissions of $10 per side per lot.
| Account Type | Tickmill | Orbex |
|---|---|---|
| Classic/Standard | No commissions, spreads from 1.6/1.5 pips | No commissions, spreads from 1.6/1.5 pips |
| Pro/Premium | $2/$5 per side per lot, spreads from 0/0.8 pips | $2/$5 per side per lot, spreads from 0/0.8 pips |
| VIP/Ultimate | $1/$3 per side per lot, spreads from 0 pips | $1/$3 per side per lot, spreads from 0 pips |
| Zero Spread | N/A | $10 per side per lot, zero spreads |
Tickmill vs Orbex Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. Tickmill’s account types are based on the trading fees and minimum balance requirements. Orbex’s account types are based on the leverage, minimum deposit and trading platform options.
Tickmill’s account types are:
- Classic: Minimum deposit of $100, leverage up to 1:500, MT4 platform only
- Pro: Minimum deposit of $100, leverage up to 1:500, MT4 or MT5 platform
- VIP: Minimum balance of $50,000, leverage up to 1:500, MT4 or MT5 platform
Orbex’s account types are:
- Standard: Minimum deposit of $200, leverage up to 1:30, MT4 platform only
- Premium: Minimum deposit of $500, leverage up to 1:30, MT4 platform only
- Ultimate: Minimum deposit of $25,000, leverage up to 1:30, MT4 or MT5 platform
- Zero Spread: Minimum deposit of $500, leverage up to 1:30, MT4 or MT5 platform
Tickmill vs Orbex Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients. Tickmill accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, China UnionPay and more. Orbex accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney and more.
Tickmill does not charge any fees on deposits or withdrawals. Orbex does not charge any fees on deposits but may charge fees on withdrawals depending on the method used.
Both brokers process deposits instantly or within a few hours. Withdrawals are processed within one working day by Tickmill and within two working days by Orbex.
Tickmill vs Orbex Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms for their clients. These platforms are widely used by traders around the world for their advanced features, user-friendly interface and customizability. The platforms allow traders to access various markets, execute orders, analyze charts, use indicators, create and test strategies, use automated trading systems and more.
The platforms are available on Windows, Mac OS, Android, iOS and WebTrader versions. Both brokers also provide free VPS services for their clients who want to run their trading systems without interruption.
Tickmill vs Orbex Analytical Tools Comparison
Both brokers provide various analytical tools and resources for their clients to enhance their trading experience and performance. Tickmill offers a Signal Centre Tool that provides human and AI driven analysis with actionable trading ideas across multiple CFD asset classes. Tickmill also offers daily market commentary, webinars, seminars, ebooks and videos.
Orbex offers access to the Trading Central research portal that provides market-scanning tools, technical analysis, trading signals, market projections and educational content. Orbex also offers daily market analysis, webinars, ebooks and videos.
Tickmill vs Orbex. 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. However, here are some factors that you may want to consider:
- Regulations and broker reputation
- Range and variety of trading assets
- Transaction fees and commissions
- Account types and minimum requirements
- Deposit and withdrawal options and fees
- Trading platforms and features
- Analytical tools and resources
- You may also want to check out the broker’s offerings by opening a small demo or live account and see how they perform in terms of execution, customer support, reliability, and security. You can also read online reviews and feedback from other traders who have used the brokers.
Ultimately, the best forex broker for you is the one that meets your needs and expectations, and makes you feel comfortable and confident.
