Tickmill is a brokerage business that was established in 2014, to offer traders the opportunity to trade FX and Contracts-for-Difference assets on an online platform.The Tickmill brand is owned and operated by three subsidiary companies known as Tickmill Ltd (Seychelles), Tickmill Europe Ltd (EU) and Tickmill UK Ltd (United Kingdom).
Back in July Trading Point Group, which also operates XM, one of the leading brokers on the forex market, launched Trading.com. Currently the new brand is available only to European customers under a UK license, but latter when the process of obtaining a US license from the National Futures Association (NFA) is finalized, Trading.com will be introduced cross the Atlantic as well.
|#||Broker's Features||TICKMILL Availability||TRADING POINT OF FINANCIAL INSTRUMENTS 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 Trading Point Of Financial Instruments.
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 Trading Point Of Financial Instruments offers CFDs on Forex, Stocks, Indices, Metals, Commoditie.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Tickmill is ECN, STP, while Trading Point Of Financial Instruments is Broker.
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 Trading Point Of Financial Instruments has a Minimum Deposit Requirement of 5.
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 Trading Point Of Financial Instruments regulated by FCA. 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 Trading Point Of Financial Instruments offers EUR, USD, GBP, CHF, AUD, PLN, HUF 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 Trading Point Of Financial Instruments offers Czech, Dutch, English, French, German, Hungarian, Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Tickmill offers Bank Transfer, Credit/Debit Cards, Debit Card, Skrill, Ne different payment methods for each account types, while Trading Point Of Financial Instruments offers Bank Wire Transfer, VISA, MasterCard, Local Bank Transfers, payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Tickmill makes MT4, WebTrader available to clients, while Trading Point Of Financial Instruments offers MT5, 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. Tickmill has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Tickmill broker is regulated in more major hubs. As Tickmill offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. Only Tickmill provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
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.