Comparison of Tickmill with other brokers
Compare Tickmill with its competitors
Tickmill is an international broker that is part of the eponymous group of financial companies. Over the years, this brokerage company has earned a reputation as a reliable Forex broker providing services on 5 continents. Among the main advantages of the company are a vast array of financial services, second to none trading conditions, and convenient ways to deposit and withdraw money.
For an objective assessment, let's compare Tickmill with other top Forex brokers, namely:
| Tickmill | XM Group | Admirals | AvaTrade | FxPro | |
| Overall score | 4,5 | 4,2 | 3,2 | 2,75 | 4,6 |
| Fee level (spread) | 4,5 | 3,8 | 4,1 | 4 | 4,7 |
| Ease of opening a trading account | 5 | 4.5 | 4.8 | 3,1 | 4,5 |
| The convenience of depositing and withdrawing funds | 5 | 4 | 3.3 | 2,9 | 3,5 |
| Availability and usability of the mobile platform | 4 | 5 | 4.9 | 3.5 | 5 |
| Diversification of trading instruments | 4.5 | 4,5 | 4,5 | 3 | 4,5 |
| Bonus programs for traders | 4 | 4 | 3 | 0 | 4,6 |
A comparison of Tickmill with its leading competitors shows that in many ways it is on par with other market leaders.
A crucial advantage of the company is safety. The organization has several divisions and is regulated at several levels. Tickmill is licensed by renowned British and Cypriot regulators.
The broker also has disadvantages:
- ● a minimum deposit of $100, which is not convenient for all beginners;
- ● increased delays in order execution in highly volatile markets;
- ● many promotional programs and bonus offers.
Important advantages of Tickmill’s main competitors:
XM Group - is a broker that is a real catch for both novice traders and professionals. It provides a vast array of trading instruments for traders, including shares of large American companies, plus they have simple and transparent conditions for account replenishment and withdrawals;
Admiral Markets - is a suitable option for novice investors and professional traders. It provides the opportunity to invest with a minimum deposit of $1. For a standard Trade.MT4 account, the minimum deposit in the company is $100. Leverage range 1:1 - 1:500;
AvaTrade - is a broker that suits all traders. It is convenient for beginners with an extensive training program. It allows you to trade currency pairs, metals, cryptocurrencies, CFDs on stocks, indices, and commodities;
FxPro – is a company that is constantly present in the leading group of the Traders Union rating (Top 10). Provides a wide selection of trading accounts for traders. It also provides the most popular Forex trading platforms: MetaTrader 4, MetaTrader 5, cTrader, and Edge.
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Main criteria for comparing brokers
In the table above, when evaluating brokers, we took into account the following parameters:
To find out more about the trading conditions of various Forex brokers, please visit the Forex Broker Rating page.
FAQs comparing Forex brokers
What is the main criterion when choosing a broker?
It is unacceptable to be guided by only one parameter. All factors must be taken into account to obtain an objective assessment. Trading conditions deserve special attention: spread sizes, leverage range, and minimum deposit requirements.
What advantages does Tickmill have over its competitors?
One of the hallmarks of Tickmill is the absence of fees for depositing and withdrawing money. Bear in mind that fees are excluded only from the broker's side, but not from banks or recipient payment systems.
I am a novice trader, is Tickmill right for me?
Tickmill offers a vast selection of trading accounts, but all of them are more suitable for experienced traders. The minimum deposit with this broker is $100. Only a demo account is available for novice traders.
Where can I read more information about Tickmill?
You can find out more about Tickmill's activities on the company's webpage. There you will also find opinions from real traders and investors of the company, which will allow you to more objectively assess the quality of its work.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).