Compare Tickmill vs SimpleFX
What is Tickmill? What is SimpleFX?
Tickmill is a forex broker that offers low spread, high leverage and CFD trading for stocks, indices, bonds, commodities and cryptocurrencies. It has three types of accounts: Classic, Pro and VIP, with different spreads and commissions. It also provides analytical tools, signal centre and futures trading.
SimpleFX is a trading and investing app that allows users to trade and stake with no fees and no minimum deposits. It supports over 60 crypto payment methods and offers a $2500 first deposit bonus. It also has a social trading feature where users can share their trading ideas and earn revenue share.
Tickmill vs SimpleFX Regulation Comparison
Tickmill is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). It also has licenses from the Cyprus Securities and Exchange Commission (CySEC) and the South Africa Financial Sector Conduct Authority (FSCA).
SimpleFX is not regulated by any authority, but it claims to follow the highest security standards and comply with the anti-money laundering (AML) and know your customer (KYC) policies.
Tickmill vs SimpleFX Trading Assets Comparison
| Asset Class | Tickmill | SimpleFX |
|---|---|---|
| Forex | 60+ currency pairs | 60+ currency pairs |
| Stocks & ETFs | 500 stocks & ETFs | 500 stocks & ETFs |
| Indices | 15+ indices | 15+ indices |
| Bonds | German and US bonds | – |
| Commodities | Precious metals and energies | Precious metals and energies |
| Cryptos | Bitcoin, Ethereum, Litecoin, Ripple | Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Monero |
Tickmill vs SimpleFX Trading Fees Comparison
Tickmill charges different spreads and commissions depending on the account type. The Classic account has no commissions but higher spreads, while the Pro and VIP accounts have lower spreads but charge commissions per lot.
SimpleFX does not charge any fees or commissions for trading or staking. It only charges the network fees for crypto deposits and withdrawals, which vary depending on the blockchain congestion.
Tickmill vs SimpleFX Account Types Comparison
Tickmill offers three types of accounts: Classic, Pro and VIP. The minimum deposit for all accounts is $100 (or equivalent in other currencies). The maximum leverage for all accounts is 1:500 (except for crypto pairs which have a leverage of 1:2). The base currencies available are USD, EUR, GBP and ZAR.
SimpleFX does not have different account types. All users can access the same features and benefits with no minimum deposit or verification required. The maximum leverage for all instruments is 1:500 (except for crypto pairs which have a leverage of up to 1:100). The base currencies available are USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DKK, HKD, HUF, IDR, ILS, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, THB, TRY and ZAR.
Tickmill vs SimpleFX Deposit Options Comparison
Tickmill supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller/Sticpay/Fasapay), local bank transfers (in selected countries) and crypto payments (Bitcoin/Ethereum/Tether). The processing time and fees vary depending on the method and the currency.
SimpleFX supports over 60 crypto payment methods such as Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Monero and more. It also accepts credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), local bank transfers (in selected countries) and online payment services (Payeer/Advcash). The processing time and fees vary depending on the method and the currency.
Tickmill vs SimpleFX Trading Platforms Comparison
Tickmill offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web and mobile devices. The platforms have advanced charting tools, indicators, expert advisors, market news and economic calendar. The MT5 platform also has a signal centre tool that provides human and AI driven analysis and trading ideas.
SimpleFX offers its own web-based platform called SimpleFX WebTrader, which is also available as a mobile app for iOS and Android devices. The platform has a user-friendly interface, customizable charts, indicators, drawing tools, social trading features, market news and live TV.
Tickmill vs SimpleFX Analytical Tools Comparison
Tickmill provides various analytical tools such as market analysis, trading calculators, economic calendar, VPS service, Autochartist and Myfxbook. These tools help traders to monitor the market trends, calculate their trading costs and risks, access automated technical analysis and copy trading signals.
SimpleFX provides a blog where it publishes market news, analysis, tutorials and trading academy articles. It also has a social trading feature where users can share their trading ideas with others and earn revenue share from their followers.
Tickmill vs SimpleFX. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, risk appetite, budget and goals. However, here are some factors that you can consider when comparing Tickmill and SimpleFX:
- Regulatory: Tickmill is regulated by reputable bodies like the FCA and FSA, while SimpleFX is not regulated by any. This means that Tickmill is subject to strict rules and standards to protect client funds and interests, while SimpleFX does not have the same level of oversight and accountability. If security and reliability are important, you may prefer Tickmill over SimpleFX.
- Fees: Tickmill charges different spreads and commissions depending on the account type, while SimpleFX does not charge any fees or commissions on trading or deposits. This means that SimpleFX can offer lower trading costs and higher profits than Tickmill, especially for frequent and high volume traders. However, you should also consider network fees for crypto deposits and withdrawals, which can vary depending on blockchain congestion. If you value transparent trading and low costs, you may prefer SimpleFX over Tickmill.
- Assets: Both brokers offer a wide range of trading assets, including forex, stocks, indices, commodities, and cryptocurrencies. However, Tickmill also offers bonds and futures contracts, which SimpleFX does not. This means that Tickmill can offer more diversity and flexibility than SimpleFX, especially for traders looking to diversify their portfolio and hedge their risk. If you value variety and options, you may prefer Tickmill over SimpleFX.
- Platforms: Both brokers offer popular and reliable platforms like MT4 and MT5 for desktop, web and mobile. However, SimpleFX also offers its own web-based platform called SimpleFX WebTrader, which has a user-friendly interface, customizable charts, indicators, drawing tools, social trading features , market news and live TV. This means that SimpleFX can offer more utility and functionality than Tickmill, especially for beginners and social traders. If you value ease of use and interactivity, you may prefer SimpleFX over Tickmill.
- Tools: Both brokers provide various analysis tools such as market analysis, trading calculator, economic calendar, VPS service, Autochartist and Myfxbook. However, SimpleFX also has a blog that posts market news, analysis, tutorials and articles about trading academy. This means that SimpleFX can provide more knowledge and support than Tickmill, especially for new and intermediate traders. If you value learning and improvement, you may prefer SimpleFX over Tickmill.
Finally, You can do your research and due diligence before opening an account with any broker. You should also test their platform and services with a demo account before risking your real money.
