Compare Tickmill vs RoboMarkets
What is Tickmill? What is RoboMarkets?
Tickmill is a global online broker that was founded in 2014 and is regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the South African Financial Sector Conduct Authority (FSCA). Tickmill offers over 60 forex pairs, 15+ stock indices, 500+ stock and ETF CFDs, bond CFDs, commodity CFDs and cryptocurrency CFDs on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
RoboMarkets (formerly RoboForex) is an online broker that was founded in 2009 and is regulated by the CySEC and the Belize International Financial Services Commission (IFSC). RoboMarkets offers over 36 forex pairs, 12000+ CFDs on stocks, indices, commodities, ETFs, bonds and cryptocurrencies on the MT4, MT5, cTrader and R Trader platforms.
Tickmill vs RoboMarkets Regulation Comparison
| Broker | Year Founded | Publicly Traded | Bank | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses | Trust Score |
|---|---|---|---|---|---|---|---|
| Tickmill | 2014 | No | No | 2 | 1 | 0 | 83 |
| RoboMarkets | 2009 | No | No | 1 | 0 | 1 | 71 |
A tier-1 license is a high-trust license from a reputable regulator such as the FCA or the ASIC. A tier-2 license is an average-trust license from a regulator such as the CySEC or the FSCA. A tier-3 license is a low-trust license from a regulator such as the IFSC or the VFSC.
Tickmill has a higher trust score than RoboMarkets, as it has more tier-1 licenses and no tier-3 licenses.
Tickmill vs RoboMarkets Trading Assets Comparison
| Broker | Forex Pairs (Total) | Tradeable Symbols (Total) |
|---|---|---|
| Tickmill | 63 | 725 |
| RoboMarkets | 36 | 12000 |
Tickmill offers more forex pairs than RoboMarkets, but RoboMarkets offers more CFDs on other assets such as stocks, indices, commodities, ETFs, bonds and cryptocurrencies.
Tickmill vs RoboMarkets Trading Fees Comparison
Tickmill offers three account types: Classic, Pro and VIP. The Classic account has no commission but higher spreads starting from 1.6 pips. The Pro account has a commission of $4 per round turn lot but lower spreads starting from 0 pips. The VIP account has a commission of $2 per round turn lot but also lower spreads starting from 0 pips. The minimum deposit for all accounts is $100, except for the VIP account which requires $50,000.
RoboMarkets offers six account types: Pro-Cent, Pro-Standard, ECN-Pro, Prime, R Trader and Pro-Affiliate. The Pro-Cent and Pro-Standard accounts have no commission but higher spreads starting from 1.3 pips. The ECN-Pro and Prime accounts have a commission of $20 per million traded but lower spreads starting from 0 pips. The R Trader account has a commission of $0.015 per share for US stocks and $0.02 per share for EU stocks but also lower spreads starting from 0 pips. The Pro-Affiliate account has no commission but higher spreads starting from 2.5 pips. The minimum deposit for all accounts is $10, except for the Prime account which requires $5,000.
Tickmill vs RoboMarkets Account Types Comparison
| Broker | Minimum Deposit ($) | Base Currencies Available |
|---|---|---|
| Tickmill | 100 | USD, EUR, GBP, ZAR |
| RoboMarkets | 10 | USD, EUR, GBP, CHF, PLN, RUB, CNY, GOLD |
Tickmill has a higher minimum deposit than RoboMarkets, but RoboMarkets has more base currencies available for its accounts.
Tickmill vs RoboMarkets Deposit Options Comparison
| Broker | Deposit Options | Withdrawal Options |
|---|---|---|
| Tickmill | Bank Wire, Credit/Debit Card, Skrill, Neteller, Sticpay, Fasapay, Ngan Luong, UnionPay | Bank Wire, Credit/Debit Card, Skrill, Neteller, Sticpay, Fasapay |
| RoboMarkets | Bank Wire, Credit/Debit Card, Skrill, Neteller, WebMoney, Perfect Money, AdvCash, Fasapay, UnionPay | Bank Wire, Credit/Debit Card, Skrill, Neteller, WebMoney, Perfect Money, AdvCash |
Both brokers offer a variety of deposit and withdrawal options for their clients. However, Tickmill does not charge any fees for deposits and withdrawals, while RoboMarkets may charge some fees depending on the method and amount.
Tickmill vs RoboMarkets Trading Platforms Comparison
| Broker | MT4 | MT5 | cTrader | R Trader |
|---|---|---|---|---|
| Tickmill | Yes | Yes | No | No |
| RoboMarkets | Yes | Yes | Yes | Yes |
Both brokers offer the popular MT4 and MT5 platforms for forex and CFD trading. However, RoboMarkets also offers the cTrader platform for ECN trading and the R Trader platform for stock trading.
Tickmill vs RoboMarkets Analytical Tools Comparison
Both brokers offer some analytical tools to help their clients with market analysis and trading decisions. However, Tickmill offers the Signal Centre Tool which provides trading signals based on expert analysis and AI on various CFD products. RoboMarkets offers AutoChartist and Trading Central which provide market scans, technical analysis and trading ideas on forex and CFDs.
Tickmill vs RoboMarkets . Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading goals, risk appetite and budget. However, here are some factors that you may want to consider when comparing Tickmill and RoboMarkets:
- Regulatory and Reliability: Tickmill has a higher confidence score than RoboMarkets, as it has more tier 1 licenses and no tier 3 licenses. This means that Tickmill is more closely regulated and monitored by regulators reputable agency that can provide more protection and security for your funds and trading activities.
- Assets and trading fees: RoboMarkets offers more CFDs on other assets than Tickmill, but Tickmill offers more forex pairs. Both brokers have different account types with different fee structures, so you may want to compare spreads, commissions, and other costs for products and account types that fit your style. your trading style and strategy.
- Account Types and Currencies: Tickmill has a higher minimum deposit than RoboMarkets, but RoboMarkets has more base currencies available for its accounts. You may want to choose a broker that offers a minimum deposit and a base currency that suits your currency preferences and budget.
- Deposit and Withdrawal Options and Fees: Both brokers offer a variety of deposit and withdrawal options for their clients. However, Tickmill does not charge any fees for deposits and withdrawals, while RoboMarkets may charge some fees depending on the method and amount. You may want to choose a broker that offers convenient and cost-effective payment methods for your transactions.
- Trading Platforms and Tools: Both brokers offer popular MT4 and MT5 platforms for forex and CFD trading. However, RoboMarkets also offers cTrader platform for ECN trading and R Trader platform for stock trading. Both brokers offer a number of analytical tools to help their clients analyze the market and make trading decisions. However, Tickmill offers a Signal Center Tool that provides expert analysis and AI-based trading signals on various CFD products. RoboMarkets offers AutoChartist and Trading Central provides market scans, technical analysis and trading ideas on forex and CFDs.
In the end, You may want to choose a suitable broker that can offer the right platforms and tools for your trading needs and preferences.
