After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare AvaTrade vs TickMill.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TickMill received a rating of 4.00 stars over AvaTrade's 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. AvaTrade alongside TickMill are regulated in a major hub. Neither AvaTrade and TickMill are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. TickMill offers its clients access to 62 different currency pairs while AvaTrade has 60 available pairs, a difference of 2.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade and TickMill both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both AvaTrade and TickMill provide clients with access to 31 total charting tools. AvaTrade and TickMill offer the same number of indicators (eg, volume), 51.
Overall, both AvaTrade and TickMill share a rating of 3.50 stars. And, when it comes to individual category awards, neither AvaTrade nor TickMill were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.