Page Summary
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.
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XM
Tickmill
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | Futures $0.85 per contract |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 0 |
| Stocks & ETF | 0,1% – (min $5) | 0 |
| CFD (Gold) | 3 pips | 0 |
| Crypto | 0 | |
| Options | 0 | $1.30 per contract |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 240 |
| Futures | 0 | 800 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 62 |
| CFD Indices & Funds | 14 | 26 |
| CFD Stocks | 1286 | 0 |
| CFD Commodities | 14 | 3 |
| CFD Crypto | 5 | 8 |
| CFD Bonds | 0 | 4 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the XM Group vs. Tickmill review:
- XM is a beginner-friendly online broker with access to useful educational and research tools.
- Tickmill has an impressive learning center with many educational tools.
- 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