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Do you want to know which is the better broker between Tickmill and FXDD ?
In the table below, you can compare the features of Tickmill , FXDD side by side to determine the best fit for your needs.
EURUSD: 0.2
XAUUSD: 1.6
Long: -6.14
Short: 2.69
Long: -32.81
Short: 22
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of tickmill, fxdd lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Tickmill Review Summary in 10 Points | |
Founded | 2014 |
Headquarters | London, UK |
Regulation | FCA, CySEC, FSCA, LFSA |
Market Instruments | Forex, stock indices, stocks & ETFs, bonds, commdities, cryptos, futuires & options |
Demo Account | Available |
Copy Trading | Yes |
Leverage | 1:1-1:500 |
Spread from | 1.6 pips (Classic) |
Trading Platforms | MT4, MT5, Tickmill Mobile App |
Minimum deposit | $/€/£/R100 |
Customer Support | Live chat, phone, email, social media, FAQ |
Bonus | A $30 welcome bonus |
Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in forex, stock indices, stocks & ETFs, bonds, commdities, cryptos, futuires & options, and provides clients with a choice of three trading accounts, which are the Classic account, the Pro account, and the VIP account. Tickmill also offers MetaTrader4/5 and proprietry mobile app platforms for trading, as well as a range of trading tools and educational resources.
Tickmill operates as a no dealing desk (NDD) broker. This means that the broker doesn't take the other side of clients' trades but instead passes them on to liquidity providers. Tickmill offers both retail and institutional trading services and provides access to a wide range of financial instruments. They also offer various trading platforms and account types to suit different trading styles and needs.
Pros | Cons |
• Regulated by multiple reputable authorities | • Regional restrictions |
• Tight spreads and low commissions | • No 24/7 customer support |
• Wide range of trading platforms | |
• Access to a variety of markets | |
• Negative balance protection | |
• Multiple account types to suit different traders | |
• Rich educational resources |
Tickmill is a reputable and reliable broker that offers competitive trading conditions and a wide range of trading instruments. Its low spreads and fees, multiple account types, various trading platforms and rich tarding tools and educational resources are attractive to traders of all levels.
However, Tickmill is not available in all countries, and their customer support operates within specific working hours. It's important for potential users to verify these details ahead of registration.
Nonetheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.
Tickmill is a regulated broker that holds licenses from respected financial authorities, including Financial Conduct Authority (FCA, No. 717270), Cyprus Securities and Exchange Commission (CYSEC, No. 278/15), Financial Sector Conduct Authority (FSCA, No. 49464), and Labuan Financial Services Authority (LFSA, No. MB/18/0028).
This indicates that it complies with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2014 and has gained a good reputation in the industry, which suggests that they are a legitimate broker.
Tickmill uses segregated accounts to keep client funds separate from its operational funds, which provides an additional layer of protection in case of the company's insolvency.
Tickmill also uses advanced security protocols and encryption technology to protect clients' personal and financial information.
The company also offers negative balance protection, which ensures that clients cannot lose more than their account balance, and it has a compensation scheme in place that can provide additional protection to eligible clients in case of the company's insolvency.
More details can be found in the table below:
Protection Measure | Detail |
Regulation | FCA, CySEC, FSCA, LFSA |
Segregated Accounts | Client funds are held in segregated accounts, separated from the company's operating funds |
Negative Balance Protection | Ensuring clients' accounts cannot go below zero |
Investor Compensation Scheme | Clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person in the event of the broker's insolvency |
SSL Encryption | Protecting clients' personal and financial information from unauthorized access |
Two-Factor Authentication | To add an extra layer of security to clients' accounts |
Anti-Money Laundering Policy | To prevent money laundering and other illegal activities |
Privacy Policy | Ensuring clients' personal information is kept confidential and used only for legitimate purposes |
Note that this table is not exhaustive and there may be other protections or security measures in place at Tickmill.
Our Conclusion on Tickmill Reliability:
Based on the information available, Tickmill appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Tickmill is a comprehensive trading platform that offers 180+ financial instruments. Their offerings include over 60 forex currency pairs, more than 15 stock indices, 500+ stocks and ETFs, bonds, various commodities including precious metals and energies, cryptocurrencies, as well as futures and options such as S&P 500, DJIA, and NASDAQ. These options provide users with the flexibility to diversify their investment portfolio.
Tickmill offers its clients three account types designed to suit different trading styles and preferences.
Classic Account: The Classic Account is suitable for new traders who want to experience real trading conditions with a low deposit.
Pro Account: The Pro Account is designed for more experienced traders who require tighter spreads and lower trading costs.
VIP Account: The VIP Account is suitable for high net worth individuals and institutional traders who require premium trading conditions.
The minimum deposit requirement is $/€/£/R100 for Classic and Pro accounts. The minimum balance is $/€/£/R50,000 on the VIP account.
All account types at Tickmill offer access to the same range of trading instruments. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law.
Prior to committing to various live trading accounts, clients have the option to explore Go Markets' offerings through the provided demo accounts, allowing them to familiarize themselves with the trading environment before engaging in real trading activities.
Step 1: Register
Click on ‘Create account’. Enter your personal details and check your email for verification.
Step 2: Upload Documents
Submit your Proof of Identity and Proof of Address to complete registration.
Step 3: Fund and Choose Platform
Open a trading account, deposit to your Tickmill wallet, transfer funds from your Tickmill wallet to your live trading account and download the trading platform of your choice to start trading.
Tickmill offers flexible leverage ranging from 1:1 to 1:500, depending on the account type and the instrument traded. The maximum leverage available for forex trading is 1:500. For stock indices, commodities and bonds, the maximum leverage is 1:100. For cryptocurrencies, the maximum leverage is 1:200.
Forex | 1:500 |
Stock indices | 1:100 |
Commodities | 1:100 |
Bonds | 1:100 |
Cryptocurrecnies | 1:200 |
It's important to note that higher leverage levels increase the potential profits but also increase the potential losses, so it's important to use leverage carefully and manage risk appropriately.
Tickmill offers different account types with different spread and commission structures. Specifically, clients on the Classic account have spread from 1.6 pips with no commission charged, the Pro account has spread from 0.0 pips with a commission of 2 per side per 100,000 traded, and the VIP account has spread from 0.0 pips with a commission of 1 per side per 100,000 traded.
Spread | Commission | |
Classic Account | From 1.6 pips | 2 per side per 100,000 traded |
Pro Account | From 0.0 pips | no commission |
VIP Account | From 0.0 pips | 1 per side per 100,000 traded |
TickMill extends a genuine welcome bonus of $30 to new traders, manifested as an automatic complimentary deposit of $30 into the Welcome Account upon account opening. However, the Welcome Account is denominated exclusively in US Dollars (USD).
Tickmill offers several trading platforms for its clients, including:
MetaTrader 4 (MT4): This is a popular trading platform among forex traders due to its advanced charting capabilities, numerous technical indicators, and ability to run automated trading strategies.
MetaTrader 5 (MT5): This is an upgraded version of MT4, offering additional features such as more timeframes, depth of market, and the ability to trade other instruments such as stocks and commodities.
Tickmill Mobile App: This is a proprietary platform developed by Tickmill, offering a user-friendly interface, advanced charting tools, and the ability to trade directly from charts.
Overall, Tickmill's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
Tickmill offers copy trading features. This allows less experienced traders to copy the trades of more experienced traders, potentially increasing their chances of making profitable trades. It's a strategy often used by new traders or those looking to diversify their trading. You can copy top traders on Tickmill's website.
Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Obviously, regulated brokers adhere to best practices and are regulated by their authority in terms of money management.
Tickmill offers various deposit and withdrawal methods to its clients. The available methods may vary depending on the client's country of residence. Here are the most common methods:
Payment Options:
Bank wire transfer
Crypto payments
Credit/debit cards (Visa, Mastercard)
Skrill
Neteller
Sticpay
FasaPay
Union Pay
Web Money
Tickmill does not charge any fees for deposits or withdrawals. However, clients are advised to check with their payment providers for any transaction fees that may apply at their end. Most deposits are instant, while the typical withdrawal processing time is within 1 working day.
Minimum deposit requirement
As we have mentioned before, the minimum deposit with Tickmill is $/€/£/R100 for the Classic and Pro accounts, while the higher-grade VIP accounts will require more money of up to $/€/£/R50,000, as designed for traders with experience.
Tickmill | Most other | |
Minimum Deposit | $/€/£/R100 | $/€/£100 |
To withdraw funds from your Tickmill account, you need to follow these steps:
Step 1: Log in to your Tickmill Client Area.
Step 2: Select the “Withdraw Funds” option under the “Deposit & Withdraw” tab.
Step 3: Choose the payment method you want to use for withdrawal.
Step 4: Enter the amount you wish to withdraw.
Step 5: Fill out any necessary information related to your selected payment method.
Step 6: Submit your withdrawal request.
Once your withdrawal request is approved, the funds will be transferred to your selected payment method.
Tickmill does not charge deposit and withdrawal fees, but fees may be incurred by the payment method used. Also, inactivity fees of $10 per month are charged on accounts that have been inactive for over six consecutive months.
Tickmill offers customer support services to its clients via various channels, including email, phone, live chat, and social media. The broker has a multilingual customer support team that provides assistance in several languages, including English, Spanish, Italian, Chinese, and more.
Tickmill's customer service has received positive feedback from traders for its prompt and helpful responses. The broker also provides an extensive FAQ section on its website, which addresses various queries related to trading, accounts, and other services.
Tickmill is committed to providing a comprehensive education for traders at every level of experience. Their educational resources include webinars and seminars conducted by industry professionals, geared to enhance their clients' trading knowledge and skills. They offer extensive reading material such as eBooks, articles and infographics that cover a wide range of trading topics.
Tickmill also accommodates a detailed forex glossary for quick reference. They provide insights into market analysis both from a fundamental and technical perspective, offering daily market insights that help traders navigate the financial markets. This array of educational tools is designed to support traders in making informed trading decisions.
Overall, Tickmill is a good option for traders who are looking for a reliable and transparent broker with competitive trading conditions. Some of the advantages of Tickmill include its strong regulatory framework, low trading fees, a wide range of trading instruments, multiple trading platforms, and excellent customer support.
It is particularly suitable for experienced traders who are looking for a broker that provides access to a variety of markets and trading instruments, as well as competitive trading conditions. Additionally, Tickmill's demo account allows traders to test their strategies and trading skills before investing real money.
Question 1: | Is Tickmill regulated? |
Answer 1: | Yes. It is regulated by FCA, CySEC, FSCA, and LFSA. |
Question 2: | At Tickmill, are there any regional restrictions for traders? |
Answer 2: | Yes. The services of Tickmill and the information on this site are not directed at citizens/residents of the United States and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. |
Question 3: | Does Tickmill offer demo accounts? |
Answer 3: | Yes. |
Question 4: | Does Tickmill offer the industry-standard MT4 & MT5? |
Answer 4: | Yes. Both MT4 and MT5 are available. |
Question 5: | What is the minimum deposit for Tickmill? |
Answer 5: | The minimum initial deposit to open an account is $/€/£/R100. |
Question 6: | Is Tickmill a good broker for beginners? |
Answer 6: | Yes. It is a good choice for beginners because Tickmill is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow beginners to practice trading without risking any real money. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
FXDD Review Summary in 10 Points | |
Founded | 2002 |
Registered Country/Region | Malta |
Regulation | MFSA (Suspicious clone) |
Market Instruments | Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies |
Demo Account | Available |
Leverage | 1:30/1:100 |
EUR/USD Spread | 1.8 pips |
Trading Platforms | MT4, MT5, WebTrader and FXDD Mobile |
Minimum deposit | N/A |
Customer Support | 24/5 live chat, phone, email |
FXDD, a trading name of FXDD GLOBAL, is an online trading broker established in Malta in 2002. FXDD is regulated by the Malta Financial Services Authority (MSFA, suspicious clone) (License No. C48817). The broker provides access to various financial instruments, including currencies, commodities, metals, and indices, through multiple trading platforms.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• Multiple trading assets and funding options | • Suspicious clone |
• MT4 and MT5 supported | • Regional restrictions |
• 24/5 customer support with multiple contact options | • Some negative reviews from clients |
• No deposit or withdrawal fees for most methods | • Inactivity fee charged after 90 days |
• Rich educational resources |
Overall, while FXDD offers a range of benefits including a diverse range of trading instruments and various trading platforms, potential users should also consider the reported issues and fees before deciding if FXDD is the right fit for their needs.
There are many alternative brokers to FXDD depending on the specific needs and preferences of the trader. Some popular options include:
BDSwiss - a reliable and regulated broker with a user-friendly platform and a range of educational resources, but its fees and limited product offerings may not be suitable for all traders.
Darwinex - a unique broker that offers a social trading platform and innovative investment opportunities, but its high minimum deposit and limited product range may not be ideal for all traders.
Equiti - a well-regulated broker with a strong focus on transparency and client education, offering a variety of trading platforms and a wide range of instruments, but its fees may be higher than some competitors.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
The presence of a suspicious clone Malta Financial Services Authority (MFSA) license raises concerns about the legitimacy and credibility of FXDD. It also has got many negative reviews from the clients complaining about the platform. It is important for potential clients to conduct their own due diligence and research, as well as consider factors such as regulatory compliance, customer reviews, and transparency before deciding whether to engage with the company.
FXDD provides investors with access to popular tradable instruments in the financial markets across six asset classes, mainly Forex, Metals, Stocks, Energies, Indices, Stocks and Cryptocurrencies. Traders can access the forex market including majors, minors, and exotics. Metals such as Gold, Silver, and Platinum can be traded as well. Stocks of some of the world's leading companies are also available to trade with FXDD. Energies such as crude oil and natural gas, and Indices including S&P 500 and Nasdaq are also popular tradable instruments offered by FXDD. Lastly, FXDD also offers cryptocurrencies like Bitcoin, Ethereum, and Litecoin. With such a diverse range of instruments, FXDD provides traders with plenty of options to invest in the financial markets.
FXDD offers two types of accounts for traders, namely Standard accounts and ECN accounts. The Standard account is suitable for beginners or those who want to trade in smaller amounts. On the other hand, the ECN account is designed for more experienced traders who want to benefit from tighter spreads and faster execution speeds, with the added benefit of no dealing desk intervention. Standard or ECN available on MetaTrader4/5, ECN only on WebTrader. Additionally, FXDD offers a demo account for traders to practice their strategies in a risk-free environment.
Leverage depends on the instruments traded and is defined by the regulatory restrictions together with the traders level of proficiency. So the available leverage allows to trade with increased level-up to 1:30, yet the professional traders may be entitled to higher leverage of up to 1:100. However, it's important to remember that higher leverage also increases the potential risk, so traders should exercise caution and consider their risk tolerance before using high leverage ratios.
Spreads and commissions vary depending on the account type and trading instrument. Take EUR/USD pair as an example, the spread is floating around 1.8 pips on the Standard account, while floating around 0.3 pips on the ECN account. There is no commission on the Standard account, while ECN accounts do charge a commission. Specifically, $0.299 per 10,000 for EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, EUR/JPY and GBP/JPY; $0.400 per 10,000 for others.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
FXDD | 1.8 pips | None |
BDSwiss | 0.3 pips | None |
Darwinex | 0.5 pips | variable |
Equiti | 0.0 pips | $3.50/lot |
Note: Spreads can vary depending on market conditions and volatility.
FXDD Trading provides traders with access to the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are known for their user-friendly interface and powerful analytical tools. In addition to these market-leading platforms, FXDD also offers its own fully-featured WebTrader platform, which is accessible from any browser without the need to download any software. For traders who prefer to trade on-the-go, FXDD Mobile is a mobile app that is available for both iOS and Android devices, and is specifically designed for advanced traders who require real-time access to their trading accounts.
Overall, FXDD's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
FXDD | MetaTrader 4, MetaTrader 5, WebTrader, FXDD Mobile |
BDSwiss | MetaTrader 4, MetaTrader 5, BDSwiss WebTrader |
Darwinex | MetaTrader 4, MetaTrader 5, cTrader |
Equiti | MetaTrader 4, MetaTrader 5, WebTrader |
FXDD works with numerous means of deposit and withdrawal choices, consisting of Visa, UnionPay, Neteller, Skrill, Bank Wire and TMI Trust Company. Most deposits and withdrawals do not incur any fees, although TMI Trust Company may charge some unspecified deposit and withdrawal fees.
FXDD | Most other | |
Minimum Deposit | N/A | $100 |
It is common for brokers to charge an inactivity fee to cover the costs of maintaining an account that is not being used. FXDD also applies an inactivity administrative charge to accounts that are inactive for more than 90 days.
The amount of the fee depends on how long the account has been inactive, $40 for accounts inactive for less than 1year, $50 for accounts inactive for 1-2 years, $60 for accounts inactive for 2-3 years, and $70 for accounts inactive for over 3 years. Traders should keep this in mind when considering opening an account with FXDD and ensure that they maintain regular trading activity to avoid these fees.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
FXDD | Free | Free | Yes |
BDSwiss | Free | $5-$10 | Yes |
Darwinex | Free | Free | No |
Equiti | Free | Free | No |
FXDD follows standard trading hours typically Sunday 5 pm to Friday 5 pm (EST). Monthly trading hours may change by instrument and are posted on the latest news section of the brokers website.
FXDDs customer support can be reached 24/5 hours (Sunday 5PM to Friday 4:55PM EST) by live chat, telephone: +1 (212) 720-7200, email: support@fxddtrading.com or request a callback. You can also follow this broker on social networks such as Twitter, Facebook, and YouTube. Company address: FXDD Trading, Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.
Overall, it appears that FXDD is committed to providing accessible and responsive customer support to its clients.
Pros | Cons |
• Available 24/5 | • No 24/7 customer support |
• Multiple contact options | |
• Active on social media platforms |
Note: These pros and cons are subjective and may vary depending on the individual's experience with FXDD's customer service.
FXDD offers a range of educational resources to help traders improve their knowledge and skills. The broker provides daily market analysis and research reports, which can be accessed on their website. They also offer a variety of online tools such as trading calculator, trading guides and VPS. Traders can find a range of account forms, including account applications and funding forms, to make it easy to manage their accounts. Additionally, FXDD provides a comprehensive FAQ section and glossary of financial terms to help traders better understand the markets and trading concepts.
It is not uncommon for trading platforms to encounter technical issues or glitches from time to time, and FXDD is no exception. On our website, you can see that some users have reported many problems with their platform. While there have been some reports of users experiencing problems with the platform, it is difficult to determine the extent of these issues without further information or context. It is always recommended to thoroughly research and review a broker before deciding to invest with them.
You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Taking into account FXDD's trading conditions, customer support, and educational resources, it may be considered a potentially viable option for traders. However, the reports of a suspicious clone license and mixed reviews from clients raise some concerns that should be taken into consideration before making a decision. As with any financial service provider, it is important to do thorough research and due diligence before opening an account.
Q 1: | Is FXDD regulated? |
A 1: | No. It has been verified that FXDD holds a suspicious clone Malta Financial Services Authority (MFSA) license. |
Q 2: | At FXDD, are there any regional restrictions for traders? |
A 2: | Yes. FXDD does not accept residents of American Samoa, Angola, Belarus, Bermuda, Burundi, Cameroon, Central African Republic, Chad, Congo, Congo, Democratic Republic of Cuba, Equatorial Guinea, Gabon, Iran (Islamic Republic of), Korea (Democratic People's Republic of), Lebanon, Libya, Marshall Islands, Puerto Rico, Russian Federation, Sao Tome and Principe, Sudan, Syrian Arab Republic, United States of America, Venezuela (Bolivarian Republic of), Virgin Islands (U.S.), Yemen, Zimbabwe. |
Q 3: | Does FXDD offer the industry-standard MT4 & MT5? |
A 3: | Yes. FXDD supports MT4, MT5, WebTrader, and FXDD Mobile. |
Q 4: | What is the minimum deposit for FXDD? |
A 4: | The minimum initial deposit with FXDD is $100. |
Q 5: | Does FXDD charge a fee? |
A 5: | Like every forex broker, FXDD charges a fee when you trade - either in the form of a commission fee or spread fee. It also charges an inactivity fee. |
Q 6: | Is FXDD a good broker for beginners? |
A 6: | No. FXDD is not a good choice for beginners. Though its trading conditions are advertised well, its MFSA license is a suspicious clone, which means trading with this broker is full of danger. |
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 fxdd are, we first considered common fees for standard accounts. On tickmill, the average spread for the EUR/USD currency pair is -- pips, while on fxdd the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
tickmill is regulated by FCA,CYSEC,FSCA,LFSA. fxdd is regulated by MFSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
tickmill provides trading platform including FUTURES ACCOUNT,PRO ACCOUNT,VIP ACCOUNT,CLASSIC ACCOUNT and trading variety including CME, NYMEX, COMEX, CBOT, EUREX. fxdd provides trading platform including -- and trading variety including --.