In the table above we compare FX Broker Tickmill vs FX BrokerFXOpen UK .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:
1. Compare Regulations: Tickmill vs FXOpen UK
Is Broker FXOpen UK regulated or is Broker FXOpen UK regulated?
Compare Tickmill vs FXOpen UK and find out who is regulated and where.
In the event Tickmill or FXOpen UK goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates Tickmill, and who regulates FXOpen UK
2. Compare Account types: Tickmill vs FXOpen UK
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare Tickmill vs FXOpen UK in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on Tickmill’s demo account or FXOpen UK ‘s demo account? Do you neem direct market access or need to access Tickmill’s API or FXOpen UK’s API?
What initial deposit is Tickmill asking for and what initial deposit is FXOpen UK asking for?
3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare Tickmill vs FXOpen UK and see who offer more or less currency pairs.
4. Customer Service
One of the most important aspects is Tickmill’s customer service vs FXOpen UK’s customer service. As if you have an issue you would like to speak or chat to someone immediately.
5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on Tickmill’s FX trading platform or FXOpen UK’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare Tickmill vs FXOpen UK and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare Tickmill’s fees vs FXOpen UK ‘s fees.
For those that a different style of trading, compare Tickmill vs FXOpen UK to see who offers, Mirror Trader, ZuluTrade, or Signal Trader
If you would like to trade with your IOs or windows mobile platform compare Tickmill vs FXOpen UK and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either Tickmill or FXOpen UK
For any further questions feel free to comment below. If you would like to leave a review of Tickmill or review FXOpen UK, feel free to do so too.
