Quick Facts

• Regulation: CMC Markets is regulated by FCA (UK), ASIC (Australia), and MAS (Singapore), whereas Tickmill is regulated by FCA (UK), CySEC (Cyprus), and FSC (Seychelles).
• Trading Platforms: CMC Markets offers its proprietary Next Generation platform, MetaTrader 4, and mobile apps, while Tickmill offers MetaTrader 4, MetaTrader 5, and mobile apps.
• Leverage: CMC Markets offers leverage up to 30:1, while Tickmill offers leverage up to 1:500 for some account types.
• Spreads: CMC Markets offers variable spreads starting from 0.7 pips for EUR/USD, while Tickmill offers variable spreads starting from 0 pips for EUR/USD on its Pro and VIP accounts.
• Assets: CMC Markets offers over 10,000 assets, including forex, stocks, indices, commodities, and cryptocurrencies, whereas Tickmill offers over 60 forex pairs, commodities, indices, and some cryptocurrencies.
• Minimum Deposit: CMC Markets requires a minimum deposit of $0 for its accounts, while Tickmill requires a minimum deposit of $100 for its Pro and Classic accounts.
• Deposit Methods: Both CMC Markets and Tickmill offer a range of deposit methods, including credit/debit cards, bank transfers, and e-wallets like PayPal and Skrill.
• Withdrawal Fees: Tickmill does not charge withdrawal fees, while CMC Markets may charge withdrawal fees for some payment methods.
• Customer Support: Both CMC Markets and Tickmill offer 24/5 customer support via phone, email, and live chat.
• Account Types: CMC Markets offers a single account type with variable spreads and commission-free trading, while Tickmill offers a range of account types, including the Pro and Classic accounts with variable spreads and the VIP account with fixed spreads.

CMC Markets vs Tickmill: A Comprehensive Comparison of Two Forex Brokers

When it comes to trading in the Forex market, selecting the right broker can be a daunting task. With numerous options available, it’s essential to compare and contrast the features, fees, and services offered by different brokers to find the one that best suits your needs. In this article, we’ll be comparing CMC Markets and Tickmill, two popular Forex brokers, to help you make an informed decision.

Overview of CMC Markets

CMC Markets is a UK-based Forex broker that was established in 1989. The company is listed on the London Stock Exchange and is regulated by the UK’s Financial Conduct Authority (FCA). CMC Markets offers a wide range of trading products, including Forex, indices, commodities, and cryptocurrencies, with over 10,000 markets to choose from.

Overview of Tickmill

Tickmill is a Seychelles-based Forex broker that was founded in 2014. The company is regulated by the Seychelles Financial Services Authority (FSA) and the Financial Conduct Authority (FCA) in the UK. Tickmill offers a variety of trading products, including Forex, indices, commodities, and cryptocurrencies, with over 80 markets to choose from.

Trading Conditions

One of the most critical aspects to consider when comparing Forex brokers is the trading conditions they offer. Here’s a comparison of the trading conditions offered by CMC Markets and Tickmill:

• Leverage: CMC Markets offers leverage of up to 1:500, while Tickmill offers leverage of up to 1:1000.
• Spreads: CMC Markets offers average spreads of 0.7 pips on major currency pairs, while Tickmill offers average spreads of 0.1 pips on major currency pairs.
• Commission: CMC Markets charges a commission of $0.011 per unit traded, while Tickmill charges a commission of $2 per lot traded on its Classic account and $1 per lot traded on its Pro account.

Account Types

Both CMC Markets and Tickmill offer different account types to cater to the diverse needs of traders. Here’s a comparison of the account types offered by both brokers:

• CMC Markets: CMC Markets offers three account types: a Standard account with a minimum deposit of $200, a Premium account with a minimum deposit of $10,000, and a Professional account with a minimum deposit of $25,000.
• Tickmill: Tickmill offers four account types: a Classic account with a minimum deposit of $100, a Pro account with a minimum deposit of $500, a VIP account with a minimum deposit of $50,000, and a Islamic account with a minimum deposit of $100.

Platforms and Tools

Brokers’ trading platforms and tools can greatly impact the overall trading experience. Here’s a comparison of the platforms and tools offered by CMC Markets and Tickmill:

• CMC Markets: CMC Markets offers its proprietary Next Generation platform, which is available in web-based and mobile versions. The platform features advanced charting tools, customizable workspaces, and real-time market data.
• Tickmill: Tickmill offers MetaTrader 4, MetaTrader 5, and its proprietary Web Trader platform. The platforms feature advanced charting tools, automated trading capabilities, and real-time market data.

Customer Support

Reliable customer support is essential for traders who may encounter issues or have questions about their accounts. Both CMC Markets and Tickmill offer various customer support options, including:

• CMC Markets: CMC Markets offers 24/5 phone support, email support, and live chat support on its website.
• Tickmill: Tickmill offers 24/5 phone support, email support, and live chat support on its website, as well as a comprehensive FAQ section.

Regulation and Security

Regulation and security are critical factors to consider when selecting a Forex broker. Here’s a comparison of the regulatory environment and security measures in place at CMC Markets and Tickmill:

• CMC Markets: CMC Markets is regulated by the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). The company is also a member of the London Stock Exchange and the Financial Conduct Authority.
• Tickmill: Tickmill is regulated by the Seychelles Financial Services Authority (FSA) and the Financial Conduct Authority (FCA) in the UK. The company is also a member of the Seychelles Securities Exchange.

Pros and Cons of Each Broker

CMC Markets:

• Pros:
  • Proprietary Next Generation platform
  • Comprehensive range of markets
  • Advanced charting tools and customizable workspaces
• Cons:
  • Minimum deposit of $200
  • No welcome bonus

Tickmill:

• Pros:
  • Tighter spreads and higher leverage
  • MetaTrader 4 and MetaTrader 5 platforms
  • VIP account with personalized support
• Cons:
  • Minimal regulatory oversight
  • No comprehensive trading education

Frequently Asked Questions

Is CMC Markets regulated?

Yes, CMC Markets is regulated by the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

What is the minimum deposit for Tickmill?

The minimum deposit for Tickmill is $100.

Does CMC Markets offer a welcome bonus?

No, CMC Markets does not offer a welcome bonus.

Overview

In this article, we’ll delve into a detailed comparison of two prominent online forex brokers, CMC Markets and Tickmill. Both brokers offer a wide range of products and services, catering to various types of traders. Our goal is to provide you with a comprehensive understanding of their features, helping you make an informed decision about which broker suits your needs.

FAQ Section

Q: What type of accounts do CMC Markets and Tickmill offer?

CMC Markets: Offers a Next Generation trading account, a spread betting account, and a professional account. They also provide a demo account for practice.
Tickmill: Offers a Classic account, a Pro account, and a VIP account. Additionally, they provide a demo account for practice and an Islamic swap-free account for Muslim traders.

Q: What trading platforms do CMC Markets and Tickmill provide?

CMC Markets: Offers its proprietary Next Generation trading platform, as well as the MetaTrader 4 (MT4) platform.
Tickmill: Provides the MetaTrader 4 (MT4) platform, along with its mobile version.

Q: What are the minimum deposit requirements for CMC Markets and Tickmill?

CMC Markets: Has no minimum deposit requirement for the Next Generation account, but the spread betting account and professional account require a minimum deposit of £/€/$200.
Tickmill: Requires a minimum deposit of $/€/£100 for the Classic account, $/€/£1,000 for the Pro account, and $/€/£50,000 for the VIP account.

Q: What are the leverage options for CMC Markets and Tickmill?

CMC Markets: Offers leverage up to 30:1 for major currency pairs, 20:1 for minor pairs, and 10:1 for exotic pairs for retail clients. Professional clients may access higher leverage levels.
Tickmill: Offers leverage up to 1:500 for Pro and Classic accounts, and 1:100 for VIP accounts.

Q: Do CMC Markets and Tickmill charge inactivity fees?

CMC Markets: Does not charge inactivity fees, but dormant accounts with zero balances are subject to closure.
Tickmill: Charges an inactivity fee of $5 per month if no trades are placed within 180 days.

Q: Are CMC Markets and Tickmill regulated?

CMC Markets: Is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Financial Markets Authority (FMA) in New Zealand.
Tickmill: Is regulated by the Seychelles Financial Services Authority (FSA) and the Labour and Welfare Corporation of Cyprus.

Q: What customer support options are available for CMC Markets and Tickmill?

CMC Markets: Offers 24/5 customer support through phone, email, and live chat.
Tickmill: Offers 24/5 customer support through phone, email, and live chat, as well as an extensive FAQ section.