Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs TickMill.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. TickMill's score is 4.00 stars versus Admiral Markets's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets and TickMill both are regulated in a major hub. Neither Admiral Markets and TickMill are publicly traded companies. How many currency pairs are available to trade? Admiral Markets trails TickMill by 7 total currency pairs (for example, EUR/USD), with TickMill offering 62 and Admiral Markets offering 55.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets and TickMill both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both Admiral Markets and TickMill provide clients with access to 31 total charting tools. Both Admiral Markets and TickMill provide clients with access to 51 total indicators (eg, moving averages).
Overall, Admiral Markets boasts 4.00 stars versus TickMill's 3.50 stars. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while TickMill found itself with none of these.