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 Dukascopy 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. Dukascopy's score is 4.50 stars versus TickMill's 4.00 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. Both Dukascopy and TickMill are regulated in a major hub. Neither Dukascopy and TickMill are publicly traded companies. How many currency pairs are available to trade? TickMill trails Dukascopy by 2 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and TickMill offering 62.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Dukascopy 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 brokers offer clients access to the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, Dukascopy takes the upper hand with 4.00 stars over TickMill's 3.50 stars. And, when it comes to individual category awards, Dukascopy posted awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while TickMill found itself with none of these.