Tickmill delivers a competitive MT4/MT5 trading environment thanks to its Advanced Trader Toolkit upgrade, consisting of 13 plugins. Additional cutting-edge trading tools include the Autochartist plugin, and the Acuity Trading Tool, which offers sentiment analysis from the Dow Jones news feed. While low trading costs offer high-frequency traders an edge, social traders benefit from third-party providers Myfxbook AutoTrade and Pelican Trading.
Libertex offers its almost 3.0M traders the core MT4/MT5 and its proprietary mobile app. Its most notable advantage is its competitive pricing environment, and Libertex focuses on millennial and GenZ traders favoring mobile trading. It is evident in the range of trading services available through its mobile app.
I have conducted an in-depth review of Tickmill and Libertex to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Tickmill versus Libertex - Verdict
 |  | |
Headquarters | Cyprus | Seychelles |
Regulators | N/A | CySEC, FCA, FSA, FSCA |
Tier 1 Regulator(s)? | N/A | |
Owned by Public Company? | N/A | |
Year Established | 1997 | 2014 |
Execution Type(s) | Market Maker | ECN/STP, Market Maker |
Minimum Deposit | 100$ | €100 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Web-based | MetaTrader 4, MetaTrader 5, Web-based |
Average Trading Cost EUR/USD | N/A | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | N/A | 0.3 pips ($3.00) |
Average Trading Cost WTI Crude Oil | N/A | $0.04 |
Average Trading Cost Gold | N/A | $0.09 |
Retail Loss Rate | Undisclosed | N/A |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | 0.1 pips | N/A |
Minimum Commission for Forex | 0.0003% | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
DOM? | N/A | |
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | N/A | |
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Available Markets
| | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | N/A | |
ETFs | ||
Futures | N/A | |
Synthetics | N/A | |
| Visit Website | Visit Website |
Neither broker offers a high quantity of trading instruments, both provide traders with assets in most sectors, and Tickmill takes the overall lead amid a broader balance. Libertex provides cryptocurrency traders with significantly more choices, catering to demand from its core market. Traders at both get a sector introduction ideal for focused strategies.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | N/A | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | N/A | 0.3 pips ($3.00) |
Average Trading Cost WTI Crude Oil | N/A | $0.04 |
Average Trading Cost Gold | N/A | $0.09 |
Average Trading Cost Bitcoin | N/A | $24.90 |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | 0.1 pips | N/A |
Minimum Commission for Forex | 0.0003% | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
| Visit Website | Visit Website |
Traders get access to raw spreads of 0 pips at both brokers for a highly competitive commission of $4.00 per 1 standard lot. Equity trading is commission-free at Tickmill and Libertex, but the latter offers volume-based commission rebates. Therefore, active, high-frequency traders can usually achieve lower overall trading costs at Libertex.
Security and Trust
| | |
Country of the Regulator | N/A | United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan |
Name of the Regulator | N/A | CySEC, FCA, FSA, FSCA |
Regulatory License Number | N/A | 717270, 278/15, F007663, 49464, SD008, MB/18/0028 |
Regulatory Tier | N/A | 1, 1, 2, 2, 4, 5 |
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Negative balance protection and segregation of client deposits from corporate funds apply at both, but Tickmill presents a more secure and trustworthy trading environment. Most international traders will deal with the unregulated unit in St. Vincent and the Grenadines, operated jointly by Forex Club and Mauritius FSC-licensed MAEX Limited.
Libertex vs Tickmill – Verdict
Libertex
Pros | Cons |
|---|---|
| 23+ year operational history | Questionable regulatory history and numerous fines for violations |
| Competitive spreads, high leverage, and competitive cryptocurrency selection | Limited overall asset selection and few deposit methods |
| 3-hour trading course for beginner traders | Inactivity fee after 90 days |
| Welcome bonus and loyalty Program |
Tickmill
Pros | Cons |
|---|---|
| Outstanding trading costs and volume-based rebate program | Limited asset selection |
| Upgraded MT4/MT5 trading platforms plus Autochartist | |
| High-quality educational tools and daily research | |
| High leverage and choice of third-party social trading providers |
Tickmill offers a high-quality environment with upgraded trading platforms, cutting-edge tools, and low trading costs. High-volume traders benefit from the rebate program, and beginners get quality education and research. Libertex provides a better cryptocurrency selection and mobile trading experience. It has quality trading tools aimed at millennial and GenZ traders, plus low trading costs. Overall, Tickmill offers better trading conditions catering to active, demanding clients.
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FAQs
Is Libertex a regulated broker?
Libertex has a license, its joint operators has one in Mauritius.
Is Tickmill regulated in South Africa?
Tickmill holds a regulatory license from the FSCA in South Africa.
What is the minimum withdrawal on Tickmill?
The minimum withdrawal at Tickmill is $25.
Does Tickmill allow hedging?
Tickmill has no strategy restrictions and allows hedging.
How legit is Libertex?
Libertex is a duly regulated broker in Cyprus and Mauritius.