Tickmill vs WelTrade - Fees Review included
Which broker is better Tickmill or WelTrade? 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 7.15 out of 10. WelTrade is one of the top brokers in the financial market with the TU Overall Score of 7.02 out of 10. Find out more about TU Overall Score.
| Feature | Tickmill | WelTrade |
|---|---|---|
Overall |
4.6 |
4.2 |
4.9 |
3.5 |
|
4.9 |
4.1 |
|
4.1 |
3.8 |
|
Investment Instruments |
3.9 |
4.4 |
Platforms and Charting Tools |
4.2 |
4.5 |
Deposit and Withdrawal |
4.5 |
5 |
Research |
4.2 |
4 |
Education |
4.0 |
3.8 |
Support |
4.5 |
4.6 |
Bonuses |
4.6 |
4.3 |
|
|
|
Tickmill vs WelTrade: 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.
Weltrade is an international broker. It has been in operation since 2006 and has offices in 18 countries that serve over 100,000 traders worldwide. The Company provides a full range of active trading services and also supports auto-trading. Weltrade has repeatedly proven its responsibility and professionalism. According to the 2019 Asia Forex Expo, the company received the “Best Foreign Broker” award; and in 2017, it was awarded the “Broker with the Best Client Support” title. In 2015, the Weltrade broker won the "Best Affiliate Program” nomination.
| Tickmill | WelTrade | |
|---|---|---|
| Overall Pros | Well-Regulated broker | beneficial trading conditions |
| Ultra low ECN trading fees | a wide range of financial instruments for trading: currency pairs, indices, stocks, goods, cryptocurrencies | |
| Any strategy is allowed | ability to open different types of accounts, depending on clients’ goals and expertise | |
| no-deposit bonus $30 (only for international entety) | individual account for cryptocurrency trading | |
| Free deposit and withdrawal | several services for successful traders’ transactions, such as copying; ZuluTrade & MQL5, as well as access to robots and ready indices | |
| ECN trading account | regular promotions and contests for traders | |
| Limited choice of trading assets | ||
| Overall Cons | no PAMM investments | |
| withdrawals can take up to 30 minutes |
Tickmill vs WelTrade: Safety and Regulation
| Tickmill | WelTrade | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-2 |
Investor protection |
£85,000 €20,000 €100,000 (DE) |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
Tickmill vs WelTrade: Trading Conditions
| Trading Conditions | Tickmill | WelTrade |
|---|---|---|
Minimum Deposit |
$100 |
$25 |
Trading Platforms |
MT4, MT5 |
MetaTrader 4, MetaTrader 5, MetaTrader 4 MultiTerminal, WebTrader |
Max Leverage (Futures) |
1-500 |
1-1000 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Forex, metals, CFD shares, indices, goods, cryptocurrencies |
Trading assets |
200+ |
200+ |
Trading Accounts |
Classic, Pro, VIP, Demo |
Demo, Micro, Premium, Pro, ZuluTrade, and Crypto |
Base Account Currencies |
USD, EUR, GBP |
USD, EUR |
Tickmill vs WelTrade: Fees
| Tickmill | WelTrade | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
1,0 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,6 |
0,9 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
Withdrawal fee, USD |
No |
3 |
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 WelTrade: Trading Assets
| Asset Name | Tickmill | WelTrade |
|---|---|---|
Overall |
200+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Tickmill or WelTrade: Investment Programs
| Asset Name | Tickmill | WelTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: WelTrade or Tickmill
| Tickmill | WelTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
Webtrader |
|
|
|
Tickmill vs WelTrade: Deposit and Withdrawal Methods
| Tickmill | WelTrade | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Tickmill vs WelTrade: Research
| Research Type | Tickmill | WelTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
Tickmill vs WelTrade: Education
| Education Type | Tickmill | WelTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
WelTrade vs Tickmill: Support
| Support Features | Tickmill | WelTrade |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Tickmill vs WelTrade: Forex Bonuses and Promo
| Promo | Tickmill | WelTrade |
|---|---|---|
Forex Bonus |
$30 welcome bonus |
No |
Affiliate Program |
Yes |
For each invited trader, the client can receive $10 |
Other Promos |
Trading contests |
Bonus of 100% with each replenishment of the trade account with the amount of USD/EUR 200. |
|
|
|
Top 5 Reviews on WelTrade
-
Comment
I was attracted by the possibility to compensate part of the costs through MOFT rebate. On Micro and Premium accounts the rebate reaches 0.45-0.48 USD per lot, on Pro - 0.07-0.33 USD. For those who open 10 or more trades per day, the savings are tangible. Example: 15 trades per day with 1 lot and a spread of 2 points can return up to $12 only for a day. A real way to reduce costs when trading frequently.
-
Comment
I participated in the WELTRADE affiliate program — it offers three tiers: Standard, Professional, and Expert, with commission based on trading volume. The terms are transparent: from 5% per referred client, plus access to banners, landing pages, and detailed stats. I also liked that partners earn from the activity of second- and third-level clients. For those focused on client acquisition, there are real monetization tools available.
-
Comment
I started collaborating with the broker Weltrade when I became interested in cryptocurrency. Here, speculative trading was offered on the MT4 platform. Of course, with such trading, there was no actual purchase of cryptocurrency, but speculations, especially with margin trading, attracted me. Later on, I started trading with regular currency pairs as well. I consider Weltrade to be a decent company.
-
Comment
Weltrade cannot be trusted. They tell beautiful stories and offer favorable conditions. But in fact, weltrade does everything to ensure that your money stays with them forever. I traded here for four months and lost my entire deposit due to technical glitches. Nobody returned my money.
-
Comment
Tried trading with Weltrade, and honestly, I didn't like it. I'm not going to stay on a platform where the order execution speed is very slow. Even two seconds for order processing is too much, and with Weltrade, orders are processed in 30 seconds or more. This is crucial for me. I don't see the point. Besides, I can't say I'm thrilled with the conditions. This broker is not my choice!
Top 5 Reviews on Tickmill
-
Comment
I opened an account with Tickmill through the Tickmill.com division, starting with a minimum deposit of $100. I'm trading on a Classic account, where spreads start from 1.8 pips — not a critical factor for my strategy. Order execution takes about 0.2 seconds, and the platform is stable. I use MetaTrader 4 and have no complaints about the terminal. I especially appreciate the access to analytics via Acuity Trading and the availability of Signal Centre — very convenient for working with news and key levels. A definite plus is the negative balance protection. On the downside, the selection of currency pairs is more limited compared to some competitors.
-
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.
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.