At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this FXTM broker review.
The FXTM brand was launched in 2011, with a unique vision to provide unparalleled trading conditions and all-encompassing educational tools for clients in the forex industry.
In the course of just a few years, FXTM has firmly established itself as a global broker; basing its entire philosophy around the most precious commodity of all: time. By valuing the time of its clients, business partners, and team of dedicated professionals, FXTM ensures that its trading and investment products and services are efficient, effective, and reliable.
At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Tickmill broker review.
Tickmill is an award-winning global ECN broker, authorised and regulated in the UK by the Financial Conduct Authority (FCA) and the FSA of Seychelles.
Tickmill offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals. The Company has distinguished itself among global ECN Forex brokers by providing excellent services with low spreads, some of the industry’s lowest ECN commissions and ultra-fast execution with the state-of-the-art London trading servers located at Equinix LD4 data centre.
|#||Broker's Features||TICKMILL Availability||FXTM Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||❌||✔|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||✔|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||❌||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Tickmill vs Fxtm.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Tickmill offers Online Financial Trading and Investment Services Such as Forex, Stock Indices, Commodities, CFDs, Precious, while Fxtm offers Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spo.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Tickmill is ECN, STP, while Fxtm is Broker, ECN.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Tickmill recommended minimum capital is 100, while Fxtm has a Minimum Deposit Requirement of 10.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Tickmill is regulated by FCA UK, CySEC, FSA Seychelles, while Fxtm regulated by CySEC, FCA, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Tickmill offers USD, EUR, GBP, PLN different account currencies for each account types, while Fxtm offers EUR, USD, GBP, NGN account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Tickmill offers English, Russian, Chinese, Indonesian, Spanish, It, while Fxtm offers English, Russian, over 18 languages supported Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Tickmill offers Bank Transfer, Credit Card, Debit Card, Skrill, Ne different payment methods for each account types, while Fxtm offers Credit Cards, Wire Transfer, PayPal, Bitcoin payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Tickmill makes MetaTrader 4, Web platform, Mobile platform available to clients, while Fxtm offers MetaTrader4/5, MT4 MultiTerminal, WebTrader.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Tickmill is more reliable based on our criteria above. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Tickmill has a wider range of languages in which customer service is offered making the broker more accessible.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.