Tickmill vs FXChoice - Fees Review included
Which broker is better Tickmill or FXChoice? Our expert assessment conducted according to TU’s own methodology showed that Tickmill is one of the top brokers in the financial market with the TU Overall Score of 8.37 out of 10. FXChoice is one of the top brokers in the financial market with the TU Overall Score of 5.52 out of 10. Find out more about TU Overall Score.
| Feature | Tickmill | FXChoice |
|---|---|---|
Overall |
4.6 |
3.5 |
4.9 |
2.5 |
|
4.9 |
3.8 |
|
4.1 |
3.9 |
|
Investment Instruments |
3.9 |
4.6 |
Platforms and Charting Tools |
4.2 |
4.1 |
Deposit and Withdrawal |
4.5 |
4.2 |
Research |
4.2 |
3.8 |
Education |
4.0 |
3.5 |
Support |
4.5 |
4.1 |
Bonuses |
4.6 |
4.2 |
|
|
Tickmill vs FXChoice: Pros and Cons
Tickmill brokerage introduces a new standard in the provision of brokerage services. The focus on innovation is what the company is proud of and why traders choose it. The trading conditions of the broker are appreciated by fans of scalping and passive trading with the help of robots because Tickmill provides minimal spreads. The company has earned many awards. Thus, for two years in a row (2018 and 2019), it was awarded the “Best Execution Broker” title, and it also won the “Most Transparent Broker” title in 2019.
FXChoice was established in 2010. The broker is licensed by the International Financial Services Commission of Belize (IFSC) and provides quality brokerage services for active and passive trading on the Forex market. FXChoice enjoys popularity among Western traders thanks to the broker’s commitment to business integrity, focus on customers, and to high requirements for its global employees.
| Tickmill | FXChoice | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Tight market spreads (from 0.0 pips) on popular currency pairs |
| Ultra low ECN trading fees | Several passive income options: partnership program, copy trading services, and MAM accounts. | |
| Any strategy is allowed | Crypto as account currency | |
| no-deposit bonus $30 (only for international entety) | ||
| Free deposit and withdrawal | ||
| ECN trading account | ||
| Limited choice of trading assets | ||
| Overall Cons | High minimum deposit - $100 | |
| No cent accounts | ||
| Withdrawals via Visa and Mastercard debit/credit cards are not available; | ||
| Low leverage | ||
| Customer support responds in English only. |
Tickmill vs FXChoice: Safety and Regulation
| Regulated By: | Tickmill | FXChoice |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSCA (Seychelles), Malaysia |
IFSC |
Tickmill vs FXChoice: Trading Conditions
| Trading Conditions | Tickmill | FXChoice |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
MT4, MT5 |
MT4, MT5 |
Max Leverage (Futures) |
1-500 |
1-200 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Currency pairs, cryptocurrency, CFDs on stocks, commodities, metals, and energies |
Trading assets |
200+ |
200+ |
Trading Accounts |
Classic, Pro, VIP, Demo |
Demo, Classic, Pro |
Base Account Currencies |
USD, EUR, GBP |
USD, EUR, GBP, AUD, CAD, Gold, Bitcoin, BitcoinCash, Litecoin, Ethereum, XRP |
Tickmill vs FXChoice: Fees
Forex Trading Fees
| Fee | Tickmill | FXChoice |
|---|---|---|
Standard Account EURUSD Average Spread |
1.6 pips |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
$3.5 per lot |
ECN Account EUR Average Spread |
0.1 pip |
0.2 pips |
CFD Trading Fees
| Fee | Tickmill | FXChoice |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Tickmill | FXChoice |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Bank transfer 0.25% (min EUR 150); Perfect Money and FasaPay — 0.5%; Skrill — 1%; and VLOAD — 3.5% |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Tickmill vs FXChoice: Trading Assets
| Asset Name | Tickmill | FXChoice |
|---|---|---|
Overall |
200+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Tickmill or FXChoice: Investment Programs
| Asset Name | Tickmill | FXChoice |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FXChoice or Tickmill
| Tickmill | FXChoice | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
Tickmill vs FXChoice: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Tickmill | FXChoice |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes (Only deposit) |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
Tickmill vs FXChoice: Research
| Research Type | Tickmill | FXChoice |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
Tickmill vs FXChoice: Education
| Education Type | Tickmill | FXChoice |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
Yes |
No |
FXChoice vs Tickmill: Support
| Support Features | Tickmill | FXChoice |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Callback form |
Tickmill vs FXChoice: Forex Bonuses and Promo
| Promo | Tickmill | FXChoice |
|---|---|---|
Forex Bonus |
$30 welcome bonus |
15% bonus on deposits in BTC, Bonuses from FXChoice are 15% on the deposit amount, Pips+ provides rebates from $5 to $20 (for Classic) and reduction of standard fee from $35 (per $1 million traded) to $30-$15 (for Pro). |
Affiliate Program |
Yes |
Up to 50% of spread amount on all currency pairs per each referred trader |
Other Promos |
Trading contests |
|
|
|
Top 5 Reviews on FXChoice
-
Comment
I traded with this broker FXChoice a couple of years ago and initially everything was relatively good. But then endless withdrawal problems began. Half of my acquaintances parted ways with FXChoice due to increased withdrawal times. The company does withdraw money, but where withdrawal usually takes a couple of days, here the timelines extend to five days.
-
Comment
When I tried to withdraw money for the first time, I encountered a problem and my funds were not withdrawn. I contacted FXChoice via email and they responded that they were unable to complete the withdrawal process and suggested another withdrawal method. I decided to try another method, but I encountered the same result - the money was not withdrawn. I thought the problem was resolved, but now, after a long time, I still have not received my funds.
-
Comment
A terrible platform is the reason I decided to part ways with the FXChoice broker. The charts consistently freeze, news doesn't update, not to mention that the terminal constantly crashes and requires multiple daily restarts. The FXChoice support team is of no help. I lost my entire deposit within a month due to platform issues, and I have no desire to continue collaborating with this broker.
-
Comment
I am disappointed with FXChoice that cancels my profitable trades without providing any justification. I believe the reason is that the company does not want to pay out profits to traders. If I was only losing money and not making a profit, they probably wouldn't interfere. It is noteworthy that loss-making trades remain unchanged. My review of FXChoice is extremely negative.
-
Comment
I'm pleasantly impressed with FXChoice. The platform has some disadvantages, but there are opportunities for fundamental analysis. If you are new to Forex trading, this broker may be a good choice for you. And it's easy to keep track of all the important world economic and political news.
Top 5 Reviews on Tickmill
-
Comment
I trade independently and believe that Tickmill is honest. From time to time I attend webinars that provide quite good analytics, which are more aimed at novice traders. Once I had a problem with an order, but the broker decided in my favor and canceled the trade. Withdrawing money is fast, I use a bank card for this. I can recommend Tickmill.
-
Comment
Recently I received affiliate payments from tickmill. I am very glad, since it is a good percentage of my passive income. But I recommend Tickmill because it respects traders. The platform is quite functional, spreads are narrow, and fees on the ECN account are small. There are no problems with withdrawals; I have never been deceived.
-
Comment
I have been using the brokerage services of Tickmill for over two years. It's a serious broker with transparent conditions. I am currently trading on a classic account, but I plan to switch to the Pro account because Tickmill offers zero spreads on that account, which is very beneficial for active trading. I withdraw profits to my bank account, and the funds are received within three days.
-
Comment
Tickmill is an excellent broker. I recommend it to everyone who trades or starts trading. I started trading with Tickmill several years ago. I didn’t find any problems with the system connection of the platform. This broker withdraws money without any problems.
-
Comment
I would like to share my experience with Tickmill, which turned out to be a good choice. Positive aspects include high leverage, which can be useful for experienced traders. Accounts are open incredibly quickly within only 3 minutes. I liked that information on the Tickmill website is available in different languages, which makes it easy to interact with. All this made my work in the market easy and comfortable. I actively trade major currency pairs and spreads on them fully meet my requirements.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!