General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Tickmill vs XM: A Comparison Summary
When it comes to choosing a broker for trading, there are many factors to consider, including security, account opening requirements, markets offered, trading fees, platforms, education, and customer care. In this comparison summary, we will compare Tickmill and XM based on these criteria.
XM and Tickmill both have high security ratings and are regulated by several reputable authorities. XM is regulated by CySEC, ASIC, DFSA, and FSC, while Tickmill is regulated by FCA, CySEC, FSCA, FSA, and Labuan FSA. Both brokers score a 94 in security rating.
XM and Tickmill both offer unlimited demo accounts. XM demo account virtual funds are set at $100,000, while Tickmill’s demo account allows traders to customise the virtual funds. Both brokers allow customers to restore their demo account funds by contacting customer support.
XM has a lower minimum deposit requirement than Tickmill, at $5 compared to Tickmill’s $100. XM also offers more base currencies, while Tickmill offers local payment methods. XM offers a wider variety of account types than Tickmill, including Standard, Micro, Zero, Ultra Low, Shares, and Islamic accounts, while Tickmill offers Classic, Pro, VIP, Futures, MAM, Islamic, and Professional accounts for experienced traders.
XM does not offer social-copy trading, while Tickmill offers social-copy trading through the Pelican Trading mobile platform on the MT4 platform.
XM offers a broader range of markets than Tickmill, with 57 forex pairs, 15 commodities, 30 indices, and 150+ stocks, while Tickmill offers 70+ forex pairs, 4 commodities, and 15 indices.
XM and Tickmill both offer variable spreads, but XM has lower spreads on forex from 0 pips (lower than the market average), depending on the account type chosen. However, Tickmill offers lower commission fees of $4 per lot for the Pro account and $2 for the VIP account, while XM’s commission fees go up to $7 per lot traded.
Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms, available on desktop, webtrader, and mobile devices. XM also offers VPS services, while Tickmill has a more extensive range of account types.
XM offers a more extensive range of educational material, including webinars in 19 languages, trading lessons, and platform lessons. Tickmill provides clients access to webinars, video tutorials, educational articles, and market analysis. Both brokers have easy-to-contact customer care via email, phone, and live chat, but XM offers more languages with over 21 languages available, while Tickmill has 14 languages available.
In summary, both XM and Tickmill offer high-security standards, unlimited demo accounts, and a wide range of platforms, making them good options for short-term trading. However, XM offers more markets and educational materials, with lower spreads on forex but higher commission fees, while Tickmill has more account types, with lower commission fees for the Pro and VIP accounts, but higher spreads. Ultimately, the choice between XM and Tickmill will depend on your individual trading needs and preferences.