EuropeFX vs. Tickmill
If you are reading this article, you’re likely having trouble deciding whether EuropeFX or Tickmill is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences.
In this EuropeFX vs Tickmill review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- EuropeFX vs. Tickmill - Verdict
|Feature||EuropeFX (visit site)||Tickmill (visit site)|
|CySEC||CySEC, FCA, FSA|
Type of Broker:
U.S. Clients Allowed:
Commissions / Spreads:
Features and Platforms
EuropeFX, founded in 2014, is an EU-focused STP broker offering traders the core MT4 trading platform, its proprietary EuroTrader 2.0 and its mobile app eFXGO. Traders can also benefit from MirrorTrader and RoboX, while research tools for Trading Central, TipRanks, and Acuity offer an analytical edge. Tickmill, also founded in 2014, maintains five subsidiaries, catering to an international client base. Traders get the MT4 trading platform enhanced with the Autochartist plug-in. Social trading platforms Myfxbook AutoTrade and Pelican Trading are also available. Tickmill also presents excellent research and educational section to traders.
|Type of Platform:||MetaTrader 4, Proprietary platform, Web-based||MetaTrader 4, Web-based|
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
Traders at EuropeFX get 50 currency pairs, 20 cryptocurrency pairs,and 15 commodities. Completing the available markets are 128 equity CFDs, 14 index CFDs, and 28 ETFs. Tickmill features 62 currency pairs but no cryptocurrencies and only four commodities. Fourteen index CFDs and four bonds are also available. Neither broker provides an excellent asset selection, but EuropeFX offers a nice balance suitable for beginner traders with an above-average cryptocurrency choice. Tickmill caters better to Forex traders compared to EuropeFX but fails to present a balanced overall selection. Between both, EuropeFX remains a superior broker based on available assets.
Typical Spreads and Fees
The pricing environment at EuropeFX is not as straightforward and transparent as with other brokers. It does not list minimum spreads and merely notes variable ones from 0.1 pips. The contract specification page lists a flat commission of 7.00%. Therefore, 1.0 standard lot in the EUR/USD faces a $7 commission plus $1 from the mark-up for a total of $8. Tickmill shows a commission-free minimum cost of 1.6 pips or $16 and a commission-based one of 0.1 pips plus an inexpensive $4 commission for a total cost of $5. The cost advantage at Tickmill is significant.
Security and Trust
Regulatory oversight at EuropeFX exists only from the CySEC. It makes EuropeFX, as the name suggests, primarily a broker catering to the European Union. Tickmill caters to most international traders from its subsidiary authorized by the Seychelles FSA. It also maintains a unit with oversight from the CySEC and is licensed by the UK FCA. African traders may prefer the subsidiary authorized by the South African FSCA, and Asian traders the unit regulated by the FSA of Labuan Malaysia. Both remain secure and trustworthy, segregate client deposits from corporate funds, but Tickmill delivers more of each category.
EuropeFX vs. Tickmill – Verdict
One fact that stands out at EuropeFX is the high retail loss rate of 86.2%, among the highest industry-wide. By comparison, Tickmill reports it at 65.0% for its CySEC regulated unit, ranking among the lowest. It does feature a comprehensive educational section with videos, webinars, tutorials and articles, but the data show that it does not communicate the importance of education enough. It also offers MirrorTrader and RoboX for social traders. The asset selection presents an acceptable introductory choice for beginner traders, but the pricing environment remains elevated. Tickmill presents traders with MT4, together with social trading platforms Myfxbook AutoTrade and Pelican Trading. Traders also get one of the cheapest commission-free cost structures available, while the asset selection is below average. Tickmill has a minimum deposit of $100 versus $250 at EuropeFX and also grants higher leverage. Overall, Tickmill remains the superior Forex broker over EuropeFX.
Does EuropeFX or Tickmill offer lower pricing?
Tickmill offers traders one of the best commission-based pricing environments, delivering significantly lower pricing. For example, the cost for 1.0 standard lots in the EUR/USD costs $5 at Tickmill versus $8 at EuropeFX.
Which trading platform is better: EuropeFX or Tickmill?
Both brokers offer the out-of-the-box MT4 trading platform, but EuropeFX has more trading tools plus two proprietary alternatives. Therefore, it remains ahead of Tickmill in this category.
What are the minimum deposits for these brokers?
While Tickmill asks for a minimum deposit of $100, EuropeFX lists it as $250 but recommends no less than $1,000.
Which broker is better for beginner traders?
A comprehensive educational section is available at both brokers with different results. Per the retail loss rate, Tickmill remains well ahead of implementing it. EuropeFX reports that 86.2% of retail traders operate at a loss versus 65.0% at Tickmill.