10 minute read
Exness vs Tickmill: A Comprehensive Comparison
from Exness
by Exness_Blog
Choosing the right Forex broker is a critical decision for traders, whether you're a beginner or a seasoned professional. Exness vs Tickmill are two prominent names in the Forex and CFD trading industry, each offering unique features, competitive trading conditions, and robust platforms. But which broker is better suited to your trading needs? In this in-depth comparison, we’ll analyze Exness vs Tickmill across key factors such as regulation, trading platforms, fees, account types, trading instruments, customer support, and more. By the end, you’ll have a clear understanding of which broker aligns with your goals.
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Why Compare Exness vs Tickmill?
Exness vs Tickmill are well-regarded brokers with global reach, catering to traders of all experience levels. Both are regulated by top-tier authorities, offer MetaTrader platforms, and provide competitive spreads. However, their differences in account structures, leverage options, and additional features make this comparison essential. Whether you prioritize low spreads, fast execution, or diverse trading instruments, this guide will help you decide which broker is the best fit.
Key Takeaways
· Exness: Known for high leverage, instant withdrawals, and a wide range of trading instruments.
· Tickmill: Excels in ultra-low spreads, fast execution, and advanced analytics for professional traders.
· Best For: Exness suits traders seeking flexibility and social trading, while Tickmill is ideal for cost-conscious scalpers and advanced traders.
1. Regulation and Security
Trustworthiness is paramount when selecting a Forex broker. Both Exness vs Tickmill are regulated by reputable authorities, ensuring client funds are protected and trading environments are transparent.
Exness Regulation
Exness, founded in 2008, is regulated by multiple authorities, including:
· Financial Conduct Authority (FCA) in the UK
· Cyprus Securities and Exchange Commission (CySEC)
· Financial Sector Conduct Authority (FSCA) in South Africa
· Financial Services Authority (FSA) in Seychelles
· Additional licenses in Mauritius, Kenya, and the British Virgin Islands
Exness offers negative balance protection, ensuring traders cannot lose more than their account balance. Client funds are held in segregated accounts, and Exness is a member of the Hong Kong-based Financial Commission, providing up to €20,000 in investor compensation per trader.
Tickmill Regulation
Tickmill, established in 2014, is also regulated by top-tier bodies:
· FCA in the UK
· CySEC in Cyprus
· FSCA in South Africa
· Labuan Financial Services Authority (LFSA) in Malaysia
· FSA in Seychelles
Like Exness, Tickmill provides negative balance protection and segregates client funds. Its adherence to regulations like MiFID II and participation in the Investor Compensation Fund enhances its credibility.
Verdict
Both brokers are highly secure, but Exness has a slight edge due to its broader regulatory oversight and membership in the Financial Commission. However, Tickmill is equally trustworthy for traders prioritizing FCA and CySEC regulation.
2. Trading Platforms
The trading platform is the backbone of your trading experience, offering tools for analysis, execution, and strategy implementation.
Exness Platforms
Exness supports a variety of platforms to cater to diverse trading preferences:
· MetaTrader 4 (MT4): Industry-standard platform with robust charting and Expert Advisors (EAs).
· MetaTrader 5 (MT5): Advanced platform with additional features like hedging and more timeframes.
· Exness Trade App: Proprietary mobile app for iOS and Android, offering seamless trading on the go.
· Exness Terminal: Web-based platform for quick access without downloads.
· Social Trading: Allows beginners to copy trades from experienced traders.
Exness’s proprietary app and social trading feature make it beginner-friendly and versatile.
Tickmill Platforms
Tickmill focuses on MetaTrader platforms but enhances them with additional tools:
· MetaTrader 4 (MT4): Supports EAs, one-click trading, and customizable charts.
· MetaTrader 5 (MT5): Offers advanced analytics and multi-asset trading.
· WebTrader: Browser-based platform for quick access.
· Tickmill Mobile App: Provides trading and account management on mobile devices.
Tickmill also offers Capitalise AI for code-free algorithmic trading and Acuity Trading Tool for actionable signals, appealing to professional traders.
Verdict
Exness wins for platform variety, especially with its proprietary app and social trading feature, ideal for beginners. Tickmill is better for advanced traders who value analytical tools and fast execution within MetaTrader.
3. Account Types
Account types determine the trading conditions, fees, and minimum deposits, making them a crucial factor in your decision.
Exness Account Types
Exness offers five account types tailored to different trading styles:
· Standard Account: No commission, spreads from 0.3 pips, suitable for beginners.
· Standard Cent Account: Micro-lot trading for small budgets, spreads from 0.3 pips.
· Pro Account: Low spreads from 0.1 pips, no commission, ideal for experienced traders.
· Raw Spread Account: Spreads from 0.0 pips, $3.50 commission per lot per side.
· Zero Account: Near-zero spreads, $0.05 commission per lot per side for major pairs.
Exness requires a $0 minimum deposit (processor-dependent), making it accessible to all traders.
Tickmill Account Types
Tickmill provides three main account types:
· Classic Account: Commission-free, spreads from 1.6 pips, suitable for beginners.
· Pro Account: Spreads from 0.0 pips, $2 commission per lot per side, ideal for scalpers.
· VIP Account: Tailored for high-volume traders, spreads from 0.0 pips, lower commissions.
Tickmill’s $100 minimum deposit is higher than Exness but reasonable. It also offers an Islamic Account for swap-free trading.
Verdict
Exness offers more account variety and lower entry barriers with no minimum deposit, making it ideal for beginners and small-budget traders. Tickmill is better for scalpers and high-volume traders due to its low-commission Pro and VIP accounts.
4. Fees and Spreads
Trading costs, including spreads and commissions, directly impact profitability, especially for active traders.
Exness Fees
Exness is known for competitive pricing:
· Spreads: Start from 0.3 pips (Standard), 0.1 pips (Pro), and 0.0 pips (Raw Spread/Zero).
· Commissions: None for Standard and Pro accounts; $3.50 per lot per side (Raw Spread), $0.05 per lot per side (Zero).
· Non-Trading Fees: No inactivity fees or deposit/withdrawal fees (processor fees may apply).
Exness’s low spreads and commission-free accounts make it cost-effective, especially for Forex and gold trading.
Tickmill Fees
Tickmill is renowned for ultra-low spreads:
· Spreads: Start from 1.6 pips (Classic), 0.0 pips (Pro/VIP).
· Commissions: None for Classic; $2 per lot per side (Pro), lower for VIP.
· Non-Trading Fees: No inactivity or deposit fees; withdrawals are free for most methods.
Tickmill’s Pro account offers some of the lowest trading costs in the industry, particularly for scalpers.
Verdict
Tickmill has a slight edge for scalpers due to lower commissions and tighter spreads on Pro/VIP accounts. Exness is more cost-effective for commission-free trading and offers competitive spreads for gold.
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5. Trading Instruments
A diverse range of instruments allows traders to diversify their portfolios and explore new markets.
Exness Instruments
Exness offers over 278 markets, including:
· Forex: 100+ currency pairs, including majors, minors, and exotics.
· Commodities: Gold, silver, oil, and other metals/energies.
· Cryptocurrencies: 34 crypto pairs, including Bitcoin and Ethereum.
· Indices: Major global indices like S&P 500 and NASDAQ.
· Stocks: CFDs on popular companies.
· Bonds: Limited bond offerings.
Exness’s extensive Forex and crypto offerings make it ideal for traders seeking variety.
Tickmill Instruments
Tickmill provides over 200 instruments, including:
· Forex: 62 currency pairs, focusing on majors and minors.
· Commodities: Gold, silver, oil, and other CFDs.
· Cryptocurrencies: 8 crypto pairs.
· Indices: Major global indices.
· Stocks: Stock CFDs.
· Bonds: Unique offering not available at Exness.
Tickmill’s bond offerings add a unique dimension, but its Forex and crypto range is narrower.
Verdict
Exness wins for its broader range of Forex pairs and cryptocurrencies, ideal for diversified trading. Tickmill is better for traders interested in bonds.
6. Leverage
Leverage amplifies trading positions but comes with risks. Both brokers offer flexible leverage, but their approaches differ.
Exness Leverage
Exness is known for unlimited leverage (up to 1:2000 or higher) on certain accounts, depending on the trader’s equity and region. This is ideal for experienced traders seeking high-risk, high-reward strategies. However, leverage is capped in regulated regions (e.g., 1:30 in the EU).
Tickmill Leverage
Tickmill offers leverage up to 1:500 for professional accounts, with retail accounts capped at 1:30 in regulated regions. While lower than Exness, this is sufficient for most trading strategies.
Verdict
Exness is better for traders seeking high leverage, while Tickmill offers a balanced approach suitable for most traders.
7. Deposits and Withdrawals
Ease of funding and withdrawing is crucial for a seamless trading experience.
Exness Deposits and Withdrawals
· Minimum Deposit: $0 (processor-dependent).
· Methods: Credit/debit cards, e-wallets (Skrill, Neteller), bank transfers, cryptocurrencies.
· Currencies: Supports 40+ currencies, reducing conversion fees.
· Withdrawal Speed: Instant to near-instant for verified accounts, no manual approval needed.
Exness’s instant withdrawals and no minimum deposit make it highly accessible.
Tickmill Deposits and Withdrawals
· Minimum Deposit: $100.
· Methods: Bank transfers, credit/debit cards, e-wallets (Skrill, Neteller), Bitcoin.
· Currencies: Fewer options than Exness.
· Withdrawal Speed: Processed within 24 hours, with a $25 minimum withdrawal amount.
Tickmill’s withdrawal process is efficient but slightly less flexible.
Verdict
Exness excels with no minimum deposit, instant withdrawals, and broader currency support. Tickmill is reliable but has a higher entry barrier.
8. Customer Support
Responsive customer support is essential for resolving issues quickly.
Exness Customer Support
· Availability: 24/7 via live chat, email, and phone.
· Languages: Supports multiple languages, including English, Chinese, and Arabic.
· Features: Unique support PIN for secure communication.
Exness’s round-the-clock support ensures accessibility for global traders.
Tickmill Customer Support
· Availability: 24/5 via live chat, email, and phone.
· Languages: Multilingual support, including English and Spanish.
· Features: Responsive but lacks 24/7 availability.
Tickmill’s support is professional but limited to market hours.
Verdict
Exness wins for 24/7 support, making it ideal for traders in different time zones. Tickmill is sufficient for most needs but falls short on weekend availability.
9. Educational Resources
Educational tools help traders improve their skills and stay informed.
Exness Education
Exness offers Exness Academy, featuring:
· Articles, videos, and trading courses.
· Webinars and market analysis.
· Social trading tutorials for beginners.
Exness’s resources are comprehensive and beginner-friendly.
Tickmill Education
Tickmill provides:
· Webinars, seminars, and e-books.
· Video tutorials and market analysis.
· VPS hosting for automated trading education.
Tickmill’s resources cater to both beginners and advanced traders.
Verdict
Exness has a slight edge due to its dedicated Exness Academy and social trading focus. Tickmill is strong for technical traders.
10. Bonuses and Promotions
Bonuses can enhance trading capital but often come with conditions.
Exness Bonuses
Exness focuses on trading benefits rather than frequent bonuses. Occasional promotions may be available, tied to specific account types.
Tickmill Bonuses
Tickmill offers a $30 no-deposit welcome account and occasional promotions, appealing to new traders.
Verdict
Tickmill is better for traders seeking bonuses, while Exness prioritizes trading conditions.
Final Verdict: Exness vs Tickmill
Both Exness vs Tickmill are excellent brokers, but their strengths cater to different trader profiles:
Choose Exness if you want:
· High leverage (up to 1:2000).
· No minimum deposit and instant withdrawals.
· A wide range of Forex pairs and cryptocurrencies.
· Social trading and beginner-friendly platforms.
· 24/7 customer support.
Choose Tickmill if you prefer:
· Ultra-low spreads and commissions for scalping.
· Advanced analytics and tools like Capitalise AI.
· Bond trading and Islamic accounts.
· Fast execution and a $30 no-deposit bonus.
Ultimately, Exness is ideal for beginners, high-leverage traders, and those seeking flexibility, while Tickmill is best for cost-conscious scalpers and professional traders.
How to Choose the Right Broker for You
Consider these factors when deciding:
· Trading Style: Scalpers may prefer Tickmill’s low spreads, while long-term traders may favor Exness’s variety.
· Budget: Exness’s $0 minimum deposit is ideal for small budgets.
· Experience Level: Beginners benefit from Exness’s social trading, while pros leverage Tickmill’s analytics.
· Region: Check leverage and regulatory restrictions based on your location.
Try a demo account with both brokers to test their platforms and conditions before committing.
Conclusion
Exness vs Tickmill are top-tier Forex brokers with distinct advantages. Exness stands out for its accessibility, high leverage, and diverse instruments, while Tickmill excels in low-cost trading and advanced tools. Your choice depends on your trading goals, budget, and preferences.
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