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 IG Group 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. IG Group'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. IG Group alongside TickMill are regulated in a major hub. IG Group is a publicly traded company, while TickMill is not. How many currency pairs are available to trade? TickMill trails IG Group by 29 total currency pairs (for example, EUR/USD), with IG Group offering 91 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. IG Group alongside TickMill 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 IG Group and TickMill provide clients with access to 31 total charting tools. Both IG Group and TickMill provide clients with access to 51 total indicators (eg, moving averages).
Overall, IG Group takes the upper hand with 5.00 stars over TickMill's 3.50 stars. And, when it comes to individual category awards, IG Group posted awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading and Best in Class - Investor Education in 2018, while TickMill found itself with none of these.