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 CMC 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. CMC Markets is a better option with a 5.00 star rating over TickMill's 4.00 star rating.
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. CMC Markets alongside TickMill are regulated in a major hub. CMC Markets is a publicly traded company while TickMill is not. How many currency pairs are available to trade? CMC Markets boasts an offering of 183 different currency pairs compared to TickMill's 62 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. TickMill makes Meta Trader available to clients, while CMC Markets does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets trails TickMill by 7 total charting tools, with TickMill offering 31 and CMC Markets offering 24. TickMill trails CMC Markets by 23 total different indicators (for example, moving averages), with CMC Markets offering 74 and TickMill offering 51.
Overall, CMC Markets boasts 4.50 stars versus TickMill's 3.50 stars. And, when it comes to individual category awards, CMC Markets posted awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while TickMill found itself with none of these.