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City Index vs Tickmill 2020

ForexBrokers.com | January 25th, 2020

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  3. City Index vs Tickmill Review
Is City Index better than Tickmill? After testing 30 of the best forex brokers over five months, City Index is better than Tickmill. Beyond its extensive range of products, multi-asset traders confidently choose City Index for competitive spreads, great platform options, premium research tools, and reliable customer service, all under the backing of GAIN Capital, which is one of the largest retail brokers globally.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature City Index Tickmill
Overall 4.5 3.5
City Index Review Tickmill Review
71% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature City Index Tickmill
Trust Score 93 81
Year Founded
 1983 2014
Publicly Traded (Listed)
 Yes No
Bank
 No No
Tier-1 Licenses
 3 1
Tier-2 Licenses
 0 1
Tier-3 Licenses
 1 1
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

Feature City Index Tickmill
ASIC Authorised (Australia)
 Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
 No No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 Yes No
FINMA Authorised (Switzerland)
 No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature City Index Tickmill
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
Currency Pairs (Total Forex pairs)
 84 62
CFDs - Total Offered
 4500 22
Cryptocurrency traded as actual
 No No
Cryptocurrency traded as CFD
 Yes No
Offering of Investments 5 3
Winner check_circle

Cost

Feature City Index Tickmill
Average Spread EUR/USD - Standard
 0.8 (Oct 19) N/A
All-in Cost EUR/USD - Active
 0.8 (Oct 19) 0.6 (as of May 19)
Active Trader or VIP Discounts
 Yes Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature City Index Tickmill
Minimum Initial Deposit
 £50.00 $25.00
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 Yes No
Skrill (Deposit/Withdraw)
 No Yes

Trading Platforms

Feature City Index Tickmill
Proprietary Platform
 Yes No
Desktop Platform (Windows)
 Yes No
Web Platform
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
MetaTrader 4 (MT4)
 Yes Yes
MetaTrader 5 (MT5)
 No No
cTrader
 No No

Trading Tools

Feature City Index Tickmill
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 18 (Default MT4)
Charting - Indicators / Studies (Total)
 139 (Default MT4)
Charting - Drawing Tools (Total)
 25 (Default MT4)
Charting - Trade From Chart
 Yes No
Charting - Drawings Autosave
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 4 3
Winner check_circle

Mobile Trading

Feature City Index Tickmill
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes No
Charting - Indicators / Studies
 74 (Default MT4)
Charting - Draw Trend Lines
 Yes No
Charting - Trend Lines Moveable
 No No
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 No No
Forex Calendar
 Yes No
Mobile Trading 4 3
Winner check_circle

Research

Feature City Index Tickmill
Daily Market Commentary
 Yes Yes
Forex News (Top-Tier Sources)
 Yes Yes
Weekly Webinars
 No Yes
AutoChartist
 Yes Yes
Trading Central (Recognia)
 Yes No
Delkos Research
 No No
Social Sentiment - Currency Pairs
 Yes Yes
Economic Calendar
 Yes Yes
Research 4.5 3.5
Winner check_circle

Education

Feature City Index Tickmill
Has Education - Forex
 Yes Yes
Has Education - CFDs
Yes No
Client Webinars
 Yes Yes
Client Webinars (Archived)
 Yes Yes
Videos - Beginner Trading Videos
 Yes Yes
Videos - Advanced Trading Videos
 Yes No
Investor Dictionary (Glossary)
 Yes Yes
Education 4 3
Winner check_circle

Major Forex Pairs

Feature City Index Tickmill
GBP/USD
 Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
 Yes Yes
USD/CAD
 Yes Yes
NZD/USD
Yes Yes
AUD/USD
 Yes No

Overall

Feature City Index Tickmill
City Index Review Tickmill Review
Overall 4.5 3.5
Winner check_circle
After spending several months and hundreds of hours researching 30 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 3,180 data points. For this review, we will compare City Index 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. Both City Index and Tickmill share a rating of 4.00 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. City Index and Tickmill both are regulated in a major hub. City Index is a publicly traded company, while Tickmill is not. As far as how many currency pairs are available for trading, here's the answer. Tickmill trails City Index by 22 total currency pairs (for example, EUR/USD), with City Index offering 84 and Tickmill offering 62.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. City Index 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. Tickmill offers its clients access to 31 charting tools while City Index has 25 charting tools, a difference of 6. Tickmill trails City Index by 88 total different indicators (for example, moving averages), with City Index offering 139 and Tickmill offering 51.

City Index Review
Tickmill Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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