Compare Tickmill vs Weltrade
What is Tickmill? What is Weltrade?
Tickmill is a forex and CFD broker that was established in 2014 and is regulated by multiple authorities, including FCA, CySEC, FSCA, FSA and DFSA. Tickmill offers trading on various assets, such as forex, indices, commodities, bonds, ETFs and cryptocurrencies. Tickmill also provides various trading platforms, analytical tools, educational resources and promotions for its clients.
Weltrade is a forex and CFD broker that was established in 2006 and is regulated by IFSC. Weltrade offers trading on various assets, such as forex, stocks, commodities, metals, energies and cryptocurrencies. Weltrade also provides various trading platforms, analytical tools, educational resources and promotions for its clients.
Tickmill vs Weltrade Regulation Comparison
Tickmill has more regulatory licenses than Weltrade, which means it has more oversight and protection for its clients. Tickmill is regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSA (Malaysia) and DFSA (UAE). Weltrade is only regulated by IFSC (Belize).
Tickmill also has a higher trust rating on Trustpilot than Weltrade, with 4.1 out of 5 stars based on 285 reviews, compared to 4.2 out of 5 stars based on 47 reviews for Weltrade.
Tickmill vs Weltrade Trading Assets Comparison
Both brokers offer a similar range of trading assets, such as forex, indices, commodities, metals, energies and cryptocurrencies. However, Tickmill also offers trading on bonds, ETFs and options, which Weltrade does not.
Both brokers also offer a similar maximum leverage of 1:500 for their clients.
Tickmill vs Weltrade Trading Fees Comparison
Both brokers charge variable spreads for their trading fees, which means the spreads can change depending on the market conditions and liquidity. However, Tickmill also charges commissions for some of its account types, such as the Pro account and the VIP account.
The average spread for EUR/USD at Tickmill is 0.2 pips plus a commission of $4 per lot round turn for the Pro account, or 0 pips plus a commission of $2 per lot round turn for the VIP account. The average spread for EUR/USD at Weltrade is 0.5 pips with no commission for the Standard account.
Tickmill vs Weltrade Account Types Comparison
Tickmill offers three main account types for its clients: the Classic account, the Pro account and the VIP account. The Classic account has no commissions but higher spreads, the Pro account has lower spreads but commissions of $4 per lot round turn, and the VIP account has the lowest spreads but commissions of $2 per lot round turn. The minimum deposit for the Classic account and the Pro account is $100, while the minimum deposit for the VIP account is $50,000.
Weltrade offers five main account types for its clients: the Micro account, the Premium account, the Pro account, the ZuluTrade account and the Crypto account. The Micro account has fixed spreads but higher minimum position size of 0.01 lot, the Premium account has variable spreads but lower minimum position size of 0.001 lot, the Pro account has variable spreads but commissions of $1 per lot round turn, the ZuluTrade account allows social trading with ZuluTrade platform, and the Crypto account allows trading on cryptocurrencies with leverage up to 1:3. The minimum deposit for all accounts except the Crypto account is $25, while the minimum deposit for the Crypto account is $50.
Tickmill vs Weltrade Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients, such as credit/debit cards, wire transfer, Skrill, Neteller, FasaPay and cryptocurrencies. However, Tickmill also offers WebMoney, QIWI and UnionPay, while Weltrade also offers Perfect Money .
Both brokers also claim to process withdrawals within 24 hours and do not charge any fees for deposits and withdrawals . However, some payment methods may have their own fees or limitations imposed by the providers.
Tickmill vs Weltrade Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for their clients, which are compatible with various devices and operating systems. MT4 and MT5 are widely used by traders for their advanced features, such as charting tools, indicators, expert advisors, automated trading and more .
However, Tickmill also offers its own web-based platform called Web Trader, which allows traders to access the markets from any browser without downloading or installing any software. Web Trader has a user-friendly interface and provides the essential trading functions, such as market watch, charts, orders, history and more.
Weltrade does not have its own web-based platform, but it offers a mobile app called Weltrade Mobile Trader, which allows traders to trade on the go from their smartphones or tablets. Weltrade Mobile Trader has a simple and intuitive design and provides the basic trading functions, such as quotes, charts, orders, history and more.
Tickmill vs Weltrade Analytical Tools Comparison
Both brokers provide various analytical tools and resources for their clients to enhance their trading performance and knowledge. These include market news, economic calendar, trading signals, webinars, articles, videos and more .
However, Tickmill also offers some unique tools that Weltrade does not, such as Autochartist, which is a powerful tool that scans the markets for trading opportunities based on technical analysis and patterns. Tickmill also offers Myfxbook Autotrade, which is a social trading platform that allows traders to copy the trades of successful traders.
Weltrade does not offer Autochartist or Myfxbook Autotrade, but it offers ZuluTrade, which is another social trading platform that allows traders to follow and copy the trades of experienced traders. Weltrade also offers Trading Central, which is a leading provider of market analysis and research that provides actionable insights and recommendations for traders.
Tickmill vs Weltrade. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and other factors. However, here are some possible advantages and disadvantages of each broker that you may want to consider:
- Tickmill might be better for you if you value regulation, reliability, trading diversity, low commissions, web trading and advanced analytical tools. However, Tickmill may not be right for you if you prefer fixed spreads, low minimum deposit, social trading or crypto trading.
- Weltrade may be better for you if you value fixed spreads, low minimum deposit, social trading, crypto trading and mobile trading. However, Weltrade may not be right for you if you prefer regulation, reliability, diversified trading, low spreads, web trading or advanced analytical tools.
Ultimately, the best way to find out which broker is more suitable for you is to try it out for yourself by opening a demo or real account with a small amount of money. This way, you can test their platforms, services, features, and performance before committing to a larger investment. You can also read more reviews and feedback from other traders who have used these brokers to better understand their strengths and weaknesses.
