XM Group vs. Tickmill

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XM Group and Tickmill are top brokerage firms with impressive online trading experiences. XM Group is a MetaTrader-only broker with beginner-friendly services. It is a trustworthy brokerage firm with licenses from the ASIC, FCA, CySEC, and IFSC. XM offers leading educational content and market insights. It is a top choice for new investors. 

Tickmill is a secure MetaTrader broker with a competitive fee structure and an FCA license. It offers access to copy trading and market data. Tickmill’s learning center is better than the industry average. We recommend it for beginner traders. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between XM Group and Tickmill. 

Broker NameXM GroupTickmill
Year Founded20092014
RegulationASIC, FCA, CySEC, IFSCFCA, CySEC
Tradable AssetsForex, CFDCFDs, Forex
Min Deposit$5-100$100
Min Trade$0$0
PlatformsMT4, MT5Web, Mobile, Desktop
DepositFree of charge$100
WithdrawalsFree of charge$0

Top findings from the XM Group vs. Tickmill review:  

  1. XM is a beginner-friendly online broker with access to useful educational and research tools. 
  1. Tickmill has an impressive learning center with many educational tools. 
  1. Both brokers offer a demo account to test their offering. 

XM Group and Tickmill are top beginner-friendly brokerage firms. Both offer the MetaTrader suites and access to comprehensive learning materials.   

Level of experience  

XM offers the complete MetaTrader suite. It has a virtual trading account, trading videos, and investor trading support. It has impressive learning tools and materials, which is why it’s a top choice for new traders. 

Tickmill offers valuable educational materials, including webinars, articles, and beginner trading videos. The market insights cover important data and news. Tickmill has copy trading tools, making it a top choice for traders of all levels of experience. 

Fees  

The minimum deposit fee at XM starts at $5, while Tickmill has an initial fee of $100. The average EUR/USD spread at XM is 1.6, while at Tickmill is 0.5. Both brokerage firms have a transparent fee structure. 

Assets  

Tickmill offers 62 forex currency pairs, while XM has 57 available pairs. XM has 1372 CFDs, while Tickmill provides access to 87 CFDs. 

Trading platform  

XM Group offers the full MetaTrader suite, but it doesn’t have a proprietary platform. The MT4 and MT5 suites are customizable, user-friendly, and versatile. XM has a valuable research center with charting, trading signals, and articles. 

Tickmill offers the basic MT4 experience with a web and desktop platform. It offers copy trading services, called ZuluTrade, and many research tools. Tickmill has one of the best learning centers in the industry. 

Banking services  

Banking services are important for a smooth online trading experience. Both brokers offer bank wire, credit/debit cards, and Skrill for funding. 

Final verdict  

XM Group and Tickmill are top brokerage firms in 2021 with beginner-friendly services. We recommend both brokers to beginners because of their versatile portfolios, easy-to-learn platforms, and excellent learning centers. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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