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 Markets.com 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. TickMill's score is 4.00 stars versus Markets.com's 3.00 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. Markets.com alongside TickMill are regulated in a major hub. Markets.com is a publicly traded company, TickMill isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Markets.com trails TickMill by 7 total currency pairs (for example, EUR/USD), with TickMill offering 62 and Markets.com offering 55.
To round out our comparison of Markets.com vs TickMill, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both Markets.com and 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 Markets.com and TickMill provide clients with access to 31 total charting tools. Markets.com and TickMill offer the same number of indicators (eg, volume), 51.
Overall, both Markets.com and TickMill are rated 3.50 stars. And, when it comes to individual category awards, unfortunately, neither Markets.com nor TickMill received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.