Compare Tickmill vs ThinkMarkets
What is Tickmill? What is ThinkMarkets?
Tickmill is a forex and CFD broker that was established in 2014. It is regulated by several authorities, including the FCA, CySEC, FSCA and DFSA. It offers trading on over 700 instruments, including forex, stocks, commodities, indices and cryptocurrencies. Tickmill has a reputation for low spreads, fast execution and transparent pricing.
ThinkMarkets is a forex and CFD broker that was founded in 2010. It is regulated by ASIC, FCA, FSA and FSCA. It offers trading on over 1600 instruments, including forex, stocks, commodities, indices and cryptocurrencies. ThinkMarkets has a reputation for innovative trading platforms, advanced analytical tools and customer support.
Tickmill vs ThinkMarkets Regulation Comparison
ThinkMarkets has a higher trust score than Tickmill, as it has more tier-1 licenses from Australia, Japan and the UK. Tickmill only has one tier-1 license from the UK. Both brokers have tier-2 licenses from Cyprus and South Africa, while Tickmill also has one from the UAE.
| Broker | Trust Score | Tier-1 Licenses | Tier-2 Licenses |
|---|---|---|---|
| Tickmill | 82/99 | 1 (UK) | 3 (Cyprus, South Africa, UAE) |
| ThinkMarkets | 86/99 | 2 (Australia, Japan) | 2 (Cyprus, South Africa) |
Tickmill vs ThinkMarkets Trading Assets Comparison
Trading assets are the instruments that traders can trade on a broker’s platform. The more diverse and numerous the trading assets are, the more opportunities and strategies traders can explore.
Tickmill offers more trading assets than ThinkMarkets, as it has over 700 instruments compared to over 1600 instruments. Both brokers offer forex, stocks, commodities, indices and cryptocurrencies as CFDs. However, Tickmill also offers futures and options as CFDs.
Tickmill vs ThinkMarkets Trading Fees Comparison
Tickmill has variable spreads starting from 0 pips on its Pro and VIP accounts
ThinkMarkets has variable spreads starting from 0 pips on its ThinkZero account
Both brokers charge commissions of $3.5 per lot per side on their zero-spread accounts
Both brokers offer swap-free accounts for Islamic traders
Both brokers do not charge deposit or withdrawal fees
| Broker | Spreads | Commissions | Swaps |
|---|---|---|---|
| Tickmill | Variable from 0 pips (Pro/VIP) or 1.6 pips (Classic) | $3.5/lot/side (Pro/VIP) or none (Classic) | Yes (except Islamic accounts) |
| ThinkMarkets | Variable from 0 pips (ThinkZero) or 0.4 pips (Standard) | $3.5/lot/side (ThinkZero) or none (Standard) | Yes (except Islamic accounts) |
Tickmill vs ThinkMarkets Account Types Comparison
Tickmill offers three account types: Classic, Pro and VIP
ThinkMarkets offers two account types: Standard and ThinkZero
Both brokers have a minimum deposit of $100 for their standard accounts and $500 for their zero-spread accounts
Both brokers offer a maximum leverage of 1:500 for their non-EU clients and 1:30 for their EU clients
Both brokers offer MT4 and MT5 as their trading platforms
| Broker | Account Types | Minimum Deposit | Maximum Leverage | Trading Platforms |
|---|---|---|---|---|
| Tickmill | Classic, Pro, VIP | $100 (Classic/Pro), $50000 (VIP) | 1:500 (non-EU), 1:30 (EU) | MT4, MT5 |
| ThinkMarkets | Standard, ThinkZero | $100 (Standard), $500 (ThinkZero) | 1:500 (non-EU), 1:30 (EU) | MT4, MT5 |
Tickmill vs ThinkMarkets Deposit Options Comparison
Tickmill offers more deposit and withdrawal options than ThinkMarkets, as it supports WebMoney, QIWI, UnionPay and FasaPay in addition to the common methods
ThinkMarkets supports PayPal, Tether and BPAY as its unique payment methods
Both brokers support credit/debit cards, wire transfer, Neteller, Skrill and cryptocurrencies
Both brokers do not charge deposit or withdrawal fees
| Broker | Deposit and Withdrawal Options |
|---|---|
| Tickmill | WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, QIWI, FasaPay, Crypto and Ethereum |
| ThinkMarkets | Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT) and Wire transfer |
Tickmill vs ThinkMarkets Trading Platforms Comparison
Both brokers offer MT4 and MT5 as their trading platforms
Both brokers also offer web-based and mobile versions of their platforms
Both brokers support automated trading, one-click trading, trailing stop and pending orders on their platforms
ThinkMarkets has a proprietary platform called Trade Interceptor that offers advanced charting, analysis and trading tools
| Broker | Trading Platforms |
|---|---|
| Tickmill | MT4, MT5 (web-based and mobile versions) |
| ThinkMarkets | MT4, MT5, Trade Interceptor (web-based and mobile versions) |
Tickmill vs ThinkMarkets Analytical Tools Comparison
Both brokers offer basic analytical tools such as indicators, charts, news feeds and economic calendars on their platforms
ThinkMarkets offers more advanced analytical tools such as Autochartist, Trading Central and VPS on its Trade Interceptor platform
Tickmill offers a free VPS service for its clients who deposit at least $5000 and trade at least 5 lots per month
| Broker | Analytical Tools |
|---|---|
| Tickmill | Indicators, Charts, News Feed, Economic Calendar, Free VPS (conditions apply) |
| ThinkMarkets | Indicators, Charts, News Feed, Economic Calendar, Autochartist, Trading Central, VPS |
Tickmill vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading needs and preferences. However, here are some possible factors you can consider when choosing between Tickmill and ThinkMarkets:
- If you value regulation and trust, you may prefer ThinkMarkets as it has more tier 1 licenses and a higher trust score than Tickmill
- If you value trading assets and diversity, you may prefer Tickmill as it offers more tools and categories than ThinkMarkets
- If you value trading fees and costs, you may find both brokers comparable as they both offer zero spread accounts with similar commissions and no deposit fees or withdraw money
- If you appreciate the account types and features, you may find both brokers comparable as they both offer a standard account and an account with zero spreads on deposit and same minimum leverage
- If you value trading platforms and technology, you may prefer ThinkMarkets as it has a proprietary platform called Trade Interceptor that offers advanced analytical tools and features
- If you value analytical tools and resources, you may prefer ThinkMarkets as it offers more tools like Autochartist and Trading Central on its Trade Interceptor platform
Ultimately, the best way to decide which broker is more suitable for you is to try it out for yourself by opening a demo account or a small real account and testing out their services and features. You can also read more reviews and testimonials from other traders who have used these brokers before
