Broker comparison between Hantec vs Tickmill
Do you want to figure out which is the better broker, hantec or tickmill?
In the following table, you can compare the features of hantec and tickmill side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does hantec or tickmill have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that hantec and tickmill are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation of Hantec
Established in 1990 in Hong Kong, China, Hantec Group is a multi-location company providing professional financial services. In 2008, the Group reorganized its business structure to further optimize its business platform and continue to expand its overseas markets, developing and diversifying its product offerings with the addition of gold, forex, and CFDs. The company currently holds a full license from the Australian Securities and Investments Commission, a full license from the UK Financial Conduct Authority, a straight-through license from the New Zealand Financial Markets Authority, an AA license from the Hong Kong Gold and Silver Exchange Society, and a retail forex license from the Vanuatu Financial Services Commission. Hantec Group is a business brand shared by several companies under its name. The company that provides investors with forex, precious metals, and CFDs is regulated by the Financial Services Commission of Vanuatu (regulatory number: 40318), investors should be careful to consider.
The main financial instruments offered by Hantec Group to investors are forex, precious metals (London Gold, London Silver), and CFDs (Contracts for Difference).
The minimum deposit for opening an account is $0. However, there are indeed some limitations on deposit and withdrwal via different payment methods, as annoced on Hantec webistes, and traders need to contact their personal manager to get clear information.
Leverage of Hantec Group
The company's maximum leverage for investments is by default 1:100 (which can be specifically increased to 1:200). The use of leverage can increase returns and also magnify risks.
Spreads & Commissions
The spreads on Forex products are usually range from 3 to 5 pips, $0.50 for London Gold and $0.04 for London Silver.
Trading Platform Applied
Hantec provides traders with the MT4 and ETF trading platforms. MT4 is the most popular online trading platform for the retail trading market. The interface allows to implementing strategies of different complexity. Take advantage of the market and pending orders, stop losses, take profits, and there are powerful real-time charts. There are 30 built-in technical indicators, 9 time frames, and appearance customization. The trading platform is now available for iPhone, iPad, and Android, providing users with a non-stop Forex and precious metals trading experience.
Deposit & Withdrawal of Hantec
The company uses an online payment platform for users to withdraw and deposit funds. Users can transfer funds to the company's account through the online payment platform by having a Union Pay-logoed bank card or credit card and having an online transfer service without charging any commission from the online payment institution. The remittance fee may vary from bank to bank. In addition to the remittance bank's fee, traders will also be charged a fee by the transferring bank, depending on the transferring bank's amount.
General Information & Regulation of TickMill
Tickmill was founded in 2014 to provide online brokerage services for retail and institutional clients worldwide. Tickmill is currently regulated by five regulatory bodies, namely the Seychelles Financial Services Authority (Regulatory Number: SD008), the UK Financial Conduct Authority (Regulatory Number: 717270), the Cyprus Securities and Exchange Commission (Regulatory Number: 278/15), the Lebanese Financial Services Authority (Regulatory Number: MB/18/0028), and the South African Financial Sector Conduct Authority ( Regulatory number: FSP49464).
TickMill provides investors with popular tradable instruments in the financial markets, mainly Forex (over 60 currency pairs), stock indices, oil, precious metals (gold & silver), bonds.
Minimum Deposit of Tickmill
To meet different investors' investment needs and experience, TickMill has set up three different types of accounts, namely Classic, Pro, and VIP accounts. The minimum deposit is $100 for Classic and Pro accounts and $50,000 for VIP accounts. The minimum deposit requirements to open a live account, actually, is quite affordable for most regulators to get started.
Leverage of TickMill
The maximum leverage for all three accounts is up to 1:500 for Forex, 1:100 for stock indices and oil, 1:500 for precious metals, and 1:100 for bonds.
Spreads & Commission Fees of TickMill
Spreads on Classic accounts start from 1.6 pips, and no commission is charged for trading. The minimum spread for Professional accounts starts from 0.0 pips, and the commission is $2 per lot (per side), while the minimum spread for VIP accounts starts from 0.0 pips, and the commission is $1 per lot.
Trading Platform of TickMIll
TickMill offers traders a highly acclaimed and powerful MT4 trading platform with a user-friendly and highly customizable interface, more than 50 indicators and customizable charts, support for MQL language, and trading signals with an advanced notification system. Additionally, MT4 WebTrader can be used directly in the browser, giving traders instant access to trades anytime, anywhere.
Deposit & Withdrawal of TickMill
TickMill offers several methods to deposit and withdraw funds for users from different countries, mainly wire transfer (for USD, EUR and GBP, minimum deposit of $100, minimum withdrawal of $25, no commission), VISA/MASTERCARD (for USD, EUR and GBP, minimum deposit of $100, minimum withdrawal of $25, no commission), Skrill (supports USD, EUR and GBP, minimum deposit of $100, minimum withdrawal of $25, no commission), NETELLER (supporting USD, EUR and GBP, minimum deposit of $100, minimum withdrawal of $25, no commission), STICPAY (supporting USD, EUR and GBP, minimum deposit of $100, minimum withdrawal of $25, no commission), Fasa (supporting USD, EUR and GBP, minimum deposit of $100, minimum withdrawal of $25, no commission) (supporting USD, IDR, minimum deposit of USD100/1500,000 IDR, minimum withdrawal of USD25), UnionPay (supporting CNY, minimum deposit of USD100 or RMB700, minimum withdrawal of USD25, no commission), WebMoney (supporting USDEUR, minimum deposit of USD100, minimum withdrawal of USD25 No commission), QIWI (supporting USD, Ruble, Euro, minimum deposit of USD 100, minimum withdrawal of USD 25, no commission), NganLuong.vn (supporting VND, minimum deposit of USD 100 / VND 2000,000, minimum withdrawal of USD 25, no commission).
Does hantec or tickmill have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive hantec and tickmill are, we first considered common fees for standard accounts. On hantec, the average spread for the EUR/USD currency pair is -- pips, while on tickmill the spread is --.
Which broker is safer, hantec or tickmill?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. hantec is regulated by FCA,CYSEC,FSCA,FSA,LFSA. tickmill is regulated by ASIC,VFSC.
Which broker provides better trading platform, hantec or tickmill?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. hantec Available trading platforms include FUTURES ACCOUNT、PRO ACCOUNT、VIP ACCOUNT、CLASSIC ACCOUNT, tradable financial instruments include -- tickmill works/provides FUTURES ACCOUNT、PRO ACCOUNT、VIP ACCOUNT、CLASSIC ACCOUNT trading platform, trading instruments --