To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare FOREX.com (GAIN Capital) vs TickMill.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. FOREX.com (GAIN Capital)'s score is 4.50 stars versus TickMill's 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both FOREX.com (GAIN Capital) and TickMill are regulated in a major hub. FOREX.com (GAIN Capital) is a publicly traded company while TickMill is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TickMill trails FOREX.com (GAIN Capital) by 22 total currency pairs (for example, EUR/USD), with FOREX.com (GAIN Capital) offering 84 and TickMill offering 62.
To round out our comparison of FOREX.com (GAIN Capital) vs TickMill, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FOREX.com (GAIN Capital) alongside TickMill offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. TickMill offers its clients access to 31 charting tools while FOREX.com (GAIN Capital) has 22 charting tools, a difference of 9. FOREX.com (GAIN Capital) boasts an offering of 139 different indicators (for example, moving averages) compared to TickMill's 51 available indicators.
Overall, FOREX.com (GAIN Capital) comes out on top with 4.50 stars over TickMill's 3.50 stars. And, when it comes to individual category awards, FOREX.com (GAIN Capital) finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education in 2018, while TickMill came up with none of these.