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IG Group vs Tickmill Forex Broker Review and Comparison for Serious Traders
Quick Facts
Founding Year: IG Group (1974), Tickmill (2014)
Headquarters: IG Group (London, UK), Tickmill (Seychelles)
Licensed Regulator: IG Group (FCA, ASIC), Tickmill (FCA, CySEC, FSA)
Minimum Deposit: IG Group ($0), Tickmill ($100)
Account Types: IG Group (Standard, Professional), Tickmill (Classic, Pro)
Leverage: IG Group (up to 30:1), Tickmill (up to 1000:1)
Platforms: IG Group (IG Trading, MT4), Tickmill (Tickmill MT4, MT5)
Spreads: IG Group (from 0.6 pips), Tickmill (from 0 pips)
Fees: IG Group ($0 commission), Tickmill ($1 commission per lot)
Tradable Assets: IG Group (17,000+), Tickmill (62+ FX pairs)
IG Group vs Tickmill: A Comprehensive Comparison of Forex Brokers
When it comes to choosing a Forex broker, there are numerous options available in the market. Two popular names that often come up in the conversation are IG Group and Tickmill. Both these brokers have gained significant reputation and traction among traders worldwide. In this article, we will compare these two Forex brokers, exploring their features, benefits, and limitations to help you make an informed decision.
About IG Group
IG Group is a renowned UK-based financial services company, established in 1974. The company is listed on the London Stock Exchange and is authorized and regulated by the Financial Conduct Authority (FCA). IG Group offers a wide range of financial products, including Forex, CFDs, spread betting, and share dealing.
About Tickmill
Tickmill is a global Forex broker, founded in 2014. The company is headquartered in London, UK, and is regulated by the FCA. Tickmill is known for its low-latency trading conditions, competitive spreads, and flexible account options.
Comparison of Key Features
Features
IG Group
Tickmill
Regulation
Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA)
Year Established
1974
2014
Headquarters
London, UK
London, UK
Products
Forex, CFDs, spread betting, share dealing
Forex, CFDs, futures
Platforms
MetaTrader 4, L2 Dealer, WebTrader
MetaTrader 4, MetaTrader 5, WebTrader
Minimum Deposit
$300
$100
Commission
Varies
$2 per lot (Classic account)
Leverage
Up to 30:1 (UK) and 200:1 (International)
Up to 500:1
Platforms
MetaTrader 4, L2 Dealer, WebTrader
MetaTrader 4, MetaTrader 5, WebTrader
Trading Account Options
Both brokers offer a variety of trading account options to cater to different types of traders. IG Group offers a standard account, CFD account, spread betting account, and mobile trading account. Tickmill offers three account types: Classic, Pro, and VIP.
Spreads and Trading Conditions
Spreads are an essential aspect of Forex trading, and both IG Group and Tickmill offer competitive spreads. IG Group has variable spreads on all its platforms, while Tickmill offers both fixed and variable spreads.
Execution and Liquidity
IG Group has its proprietary execution and liquidity management system, while Tickmill uses the popular Straight Through Processing (STP) model for execution. Both brokers claim to offer low execution times and fast trade execution.
Platforms and Tools
Both IG Group and Tickmill offer MetaTrader 4, the industry’s most popular trading platform. IG Group has also developed its proprietary platform, L2 Dealer, and offers a mobile trading app for traders on-the-go. Tickmill offers both MetaTrader 4 and MetaTrader 5.
Education and Support
Both brokers offer comprehensive education resources, including economic and market news, webinars, and video tutorials. IG Group has a dedicated research section on its website, offering in-depth market analysis and expert commentary. Tickmill offers customer support via phone, email, and live chat.
Security and Safety
IG Group and Tickmill are both regulated by the FCA, ensuring a secure and protected trading environment. Both brokers use advanced security measures, including two-factor authentication and SSL encryption, to safeguard traders’ funds and sensitive information.
Key Differences
IG Group and Tickmill are both well-established Forex brokers with a solid reputation and long-standing presence in the market. Both brokers offer competitive spreads, advanced trading platforms, and a wide range of trading instruments. However, there are some differences to consider:
IG Group offers a broader range of financial products, while Tickmill focuses on Forex and CFDs.
IG Group has a higher minimum deposit requirement than Tickmill.
Tickmill offers higher leverage than IG Group.
Ultimately, the choice between IG Group and Tickmill depends on individual preferences and trading goals. It is essential to consider the key features and benefits of each broker before making an informed decision.
Disclaimer: This article does not provide investment advice and should not be considered a recommendation to trade with either IG Group or Tickmill. Trading Forex and CFDs carries significant risks and can result in substantial losses. Always conduct thorough research and consult with a professional before making any investment decisions.
