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Broker comparison between Tickmill vs FXCM
Do you want to figure out which is the better broker, tickmill or fxcm?
In the following table, you can compare the features of tickmill and fxcm side by side to determine the best fit for your trading needs.
Wikifx rating
Basic Information
Benchmark
Account
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 tickmill or fxcm 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 tickmill and fxcm are both reliable. We analyze the reasons as following:
Forex broker introduction
tickmill
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).
Market Instruments
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).
fxcm
General Information & Regulation
FXCM is a leading international provider of online forex trading, CFD trading, and related services. Founded in 1999 and headquartered in London, UK, the company's mission is to give traders around the world access to the world's largest and most liquid markets by providing innovative trading tools, employing talented trading mentors, meeting strict financial standards, and striving to provide the best online trading experience in the market. The company is currently fully licensed by the Australian Securities and Investments Commission ( regulatory license number 309763) , also fully licensed by the Financial Conduct Authority (license number 217689) in the UK.
Market Instruments
FXCM offers investors a diverse range of tradable instruments, including currency pairs, precious metals, commodities, global stock indices, treasury bonds, as well as a forex basket, a stocks basket, CNH, and other popular products.
Leverage & Accounts
There are two types of accounts: Regular Accounts and Premier Accounts. Regular accounts have a minimum deposit of $50 and allow investors to trade up to 39 popular currency pairs and the entire CFD range with up to 1:400 leverage. The Premier Account is designed for high-volume investors and requires, firstly, an FXCM account or a new account, a total USD notional trading volume of $10 million per natural month. The account offers investors a range of benefits: exclusive support, premium services, and tailor-made trading solutions.
Spreads & Commissions
The spreads are 1.3 pips for EUR/USD, 2.3pips for EUR/GBP, and 1.8pips for AUD/USD. The Premier account offers investors a cashback offer. If a client trades EUR/USD pair and reaches $300 million in notional volume for the month (for the fifth step), then the cashback amount is $25/million, for a total cashback amount of $7,500. The cashback for equity index CFD products ranges from $1 to $3 per million USD.
Trading Platform
FXCM has fully optimized and upgraded its MT4 platform to execute traders' orders faster and more consistently. The advantages of MT4 are setting stop-loss/stop gain before execution, setting stop loss and stop gain of 0.01 (micro) lot when creating a new trade, trading with more accurate lot sizes, enhancing risk management by partially closing positions, and controlling when traders want to close a position and how much of a position traders want to close. In addition, FOREX offers a free MT4 Virtual Private Server (VPS) storage service. This VPS has three advantages: EA will continue to operate when the computer is turned off; the server is dedicated to EA trading and will not operate other applications; and traders can log into their platform from any computer even if they do not have MetaTrader 4 installed.
Deposit & Withdrawal
FXCM welcomes several payment methods, including online banking payments, bank transfers, and other payments. The minimum single deposit for CUP is $100, and the minimum deposit for a credit card or wire transfer is $50. Besides, traders can withdraw funds once a month for free.
Does tickmill or fxcm 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 tickmill and fxcm are, we first considered common fees for standard accounts. On tickmill, the average spread for the EUR/USD currency pair is -- pips, while on fxcm the spread is --.
Which broker is safer, tickmill or fxcm?
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. tickmill is regulated by ASIC,FCA. fxcm is regulated by FCA,CYSEC,FSCA,FSA,LFSA.
Which broker provides better trading platform, tickmill or fxcm?
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. tickmill Available trading platforms include --, tradable financial instruments include FUTURES ACCOUNT、PRO ACCOUNT、VIP ACCOUNT、CLASSIC ACCOUNT fxcm works/provides -- trading platform, trading instruments FUTURES ACCOUNT、PRO ACCOUNT、VIP ACCOUNT、CLASSIC ACCOUNT
