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) is a better option with a 4.50 star rating over TickMill's 4.00 star rating.
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, TickMill isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Forex.com (GAIN Capital) boasts an offering of 84 different currency pairs compared to TickMill's 62 available pairs.
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. Both Forex.com (GAIN Capital) and TickMill provide clients with access to 31 total charting tools. Forex.com (GAIN Capital) and TickMill offer the same number of indicators (eg, volume), 51.
Overall, Forex.com (GAIN Capital) boasts 4.50 stars versus TickMill's 3.50 stars. And, when it comes to individual category awards, Forex.com (GAIN Capital) was rated Best in Class - Research and Best in Class - Investor Education in 2018, while TickMill was rated none of these.