Compare Tickmill vs WorldForex
What is Tickmill? What is WorldForex?
Tickmill is a forex broker that offers low spread, high leverage, CFD stock and commodities trading online. It is regulated by the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). It has over 30 industry awards and provides access to over 200 trading instruments.
WorldForex is a forex broker that offers forex online, digital contracts, cashback club, jet trade and deposit bonus. It is registered as a trade name owned by Existrade LTD, with the registration in Saint Vincent and the Grenadines. It has over 350,000 clients from 50 countries and provides access to over 200 trading instruments.
Tickmill vs WorldForex Regulation Comparison
Tickmill is regulated by two reputable authorities: the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA). The FCA is one of the most respected regulators in the world, with strict rules and oversight on client funds protection, financial reporting and fair trading practices. The FSA is also a reputable regulator that ensures compliance with international standards and anti-money laundering policies.
WorldForex is registered as a trade name owned by Existrade LTD, with the registration in Saint Vincent and the Grenadines. However, it does not seem to be regulated by any authority or licensed to provide financial services in any jurisdiction. Saint Vincent and the Grenadines is an offshore zone that does not have a strong regulatory framework or supervision for forex brokers. This means that WorldForex may not be subject to any rules or obligations to protect client funds, ensure fair trading or prevent fraud.
Tickmill vs WorldForex Trading Assets Comparison
Tickmill offers access to over 200 trading instruments, including 60+ currency pairs, 15+ indices, 500 stocks & ETFs, German and US bonds, precious metals and energies, and cryptocurrencies. It also offers futures trading via regulated exchanges such as the CME Group.
WorldForex offers access to over 200 trading instruments, including forex, digital contracts, stocks and futures. However, it does not provide much detail on the specific assets or markets available on its website. It also does not offer any cryptocurrencies or bonds trading.
Tickmill vs WorldForex Trading Fees Comparison
Tickmill offers competitive spreads, commissions and low margins on its trading accounts. It has three types of accounts: Classic, Pro and VIP. The Classic account has no commissions but spreads from 1.6 pips. The Pro account has commissions of $4 per lot but spreads from 0.0 pips. The VIP account has commissions of $2 per lot but spreads from 0.0 pips. The minimum deposit for all accounts is $100 (or equivalent in other currencies). The maximum leverage for all accounts is 1:500.
WorldForex offers variable spreads, commissions and leverage on its trading accounts. It has four types of accounts: Micro, Mini, Standard and ECN. The Micro account has no commissions but spreads from 2 pips. The Mini account has commissions of $10 per lot but spreads from 0 pips. The Standard account has commissions of $8 per lot but spreads from 0 pips. The ECN account has commissions of $6 per lot but spreads from -1 pips. The minimum deposit for all accounts is $1 (or equivalent in other currencies). The maximum leverage for all accounts is 1:1000.
Tickmill vs WorldForex Account Types Comparison
Tickmill has three types of accounts: Classic, Pro and VIP. All accounts have access to the same trading instruments, platforms and tools. The main differences are in the spreads, commissions and minimum balance requirements. The Classic account is suitable for beginners who want to trade commission-free with higher spreads. The Pro account is suitable for experienced traders who want to trade with low spreads and competitive commissions. The VIP account is suitable for high-volume traders who want to trade with ultra-low spreads and reduced commissions.
WorldForex has four types of accounts: Micro, Mini, Standard and ECN. All accounts have access to the same trading instruments, platforms and tools. The main differences are in the spreads, commissions and leverage levels. The Micro account is suitable for beginners who want to trade with small amounts and no commissions. The Mini account is suitable for traders who want to trade with higher leverage and low spreads. The Standard account is suitable for traders who want to trade with lower commissions and low spreads. The ECN account is suitable for traders who want to trade with the best market conditions and negative spreads.
Tickmill vs WorldForex Deposit Options Comparison
Tickmill offers a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, SticPay, NganLuong.vn and Bitcoin. It does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur intermediary bank fees. It processes deposits instantly or within one working day, depending on the method. It processes withdrawals within one working day, subject to verification.
WorldForex offers a limited range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, WebMoney, Qiwi, Yandex.Money and Bitcoin. It does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur intermediary bank fees. It processes deposits instantly or within one working day, depending on the method. It processes withdrawals within 30 minutes, subject to verification.
Tickmill vs WorldForex Trading Platforms Comparison
Tickmill offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are widely used and trusted by traders around the world. They offer advanced features and tools for technical analysis, algorithmic trading, strategy testing and automated trading. They also support multiple languages and devices, including Windows, MacOS, Android, iOS, Linux and WebTrader.
WorldForex also offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are similar to those offered by Tickmill in terms of functionality and compatibility. However, WorldForex does not provide much information or support on how to use the platforms or access their features on its website.
Tickmill vs WorldForex Analytical Tools Comparison
Tickmill offers a range of analytical tools to help its clients make informed trading decisions. These include:
- Signal Centre Tool: A unique human and AI driven analysis with actionable trading ideas across multiple CFD asset classes, right on the MT4 or MT5 platform.
- Economic Calendar: A comprehensive calendar of major economic events and indicators that may affect the market movements.
- Forex Calculators: A set of calculators that help traders calculate various aspects of their trades, such as margin, pip value, swap rates and currency converter.
- Autochartist: A powerful tool that scans the market for potential trading opportunities based on chart patterns, Fibonacci patterns and key levels.
- VPS: A virtual private server that allows traders to run their trading robots or advisors 24/7 without interruptions.
WorldForex does not offer any analytical tools on its website or platforms. It only provides a basic economic calendar and a news feed that show the latest market events and headlines.
Tickmill vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing the best and most suitable broker depends on your personal preferences, trading goals, risk appetite and budget. However, you can consider some general principles that can help you make your decision.
- If you value regulation and security, you may prefer Tickmill to WorldForex, as Tickmill is regulated by two reputable bodies while WorldForex is not regulated by any one.
- If you value trading fees and costs, you may prefer Tickmill over WorldForex, as Tickmill offers lower spreads and commissions on accounts than WorldForex.
- If you value trading assets and diversity, you may prefer Tickmill to WorldForex, as Tickmill offers more trading instruments and markets than WorldForex, including cryptocurrencies and bonds.
- If you value trading platforms and functions, you may prefer Tickmill to WorldForex, as Tickmill offers the same platforms as WorldForex but with more information and support on how to use them.
- If you value analytical tools and resources, you may prefer Tickmill over WorldForex, as Tickmill offers a variety of tools to help you with your analysis and trading strategies, while WorldForex does not provide any.
Finally, You can do your own research and due diligence before choosing a forex broker. Then you can choose the most suitable broker.
