FXREVIEW — Fxview Vs Tickmill
Another post, Another review.
This time I have decided to make a review on two brokers, that is, Fxview and Tickmill. Once again, they are well recognized forex brokers with a solid reputation. They are both under CySEC and FCA, which can tell you that they are a solid forex broker backed with strong regulatory bodies.
Now, let’s find out the pros and cons of these two brokers so that you can decide on which broker fits your requirements and criteria of trading. In the coming up, let’s discuss their trading conditions which are spreads, commissions, payment methods, and extra services provided by Fxview and Tickmill:
- SPREADS:
As usual, I have taken an image which is showing that spreads are somewhat similar between the two brokers. Even in EURUSD, where the other brokers are faring better than Fxview and Tickmill.
2. COMMISSION:
Fxview — $2/lot RT
Tickmill — $4/lot RT
As seen, it is looking like Fxview is a winner, in terms of commission. However, if I include both commission and pips together, here is the full picture:
Again, Fxview is leading, thanks to their commission charges.
3. PAYMENT METHODS:
Both Fxview and Tickmill allow major payment options including Bank Wire, Visa, Mastercard, Skrill, Neteller payment method. Also, it takes upto 24 hours to have the process completed.
4. DEPOSITS, WITHDRAWALS:
These are the minimum deposit and withdrawals from each broker:
Tickmill is falling behind with its high-priced minimum deposit and you will need to have a minimum USD 25 in order to withdraw the amount. Fxview is so much better when it comes to deposits and there are no minimum withdrawals required.
5.SERVICES:
It looks like the services offered by both brokers are quite good and affordable, as most of them are at the cost of zero. As again, there is a discrepancy when it comes to inactivity fees.
Fxview — 25 euros will be charged for the inactivity of an account for 18 complete months. If there is still no activity for another 6 months, you will be charged another 25 euros along with the closing of your account.
Tickmill — No inactivity fees are being charged for not using an account for a lifetime.
CONCLUSION
Coming to the conclusion, I believe both Fxview and Tickmill are a good choice as they are backed with multiple regulatory bodies along with offering good trading conditions. Try out their demo to see if they are meeting to your requirements.
Rest the choice is up to you.
Hope this helps!
