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In the fast-paced world of forex trading, choosing the right broker is crucial. Tickmill and Zero Markets are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between Tickmill and Zero Markets across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Tickmill and Zero Markets, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, Tickmill earned a higher trust rating than Zero Markets.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Tickmill has overall lower trading costs than Zero Markets.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Tickmill and Zero Markets offer copy trading.
A broader range of CFD instruments provides more trading opportunities. Tickmill offers a greater variety of instruments compared to Zero Markets:
For those interested in trading cryptocurrencies, Zero Markets offers 11 cryptocurrencies, while Tickmill offers 9 cryptocurrencies. Therefore, Zero Markets is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Tickmill nor Zero Markets charges a withdrawal fee. Overall, Tickmill has better deposit and withdrawal processes than Zero Markets.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
Tickmill has better educational support than Zero Markets. Both Tickmill and Zero Markets offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that Tickmill offers better research analysis than Zero Markets and that both Tickmill and Zero Markets offer frequent webinars.
A trustworthy broker with MT4 and MT5 support and two of the lowest-cost trading accounts in the industry, Tickmill provides a perfect trading environment for serious beginners and more experienced traders. However, Ugandan traders will be onboarded through Tickmill’s Seychelles-based entity, which offers less protection.
With two account types on offer, the Raw has market-leading trading conditions, leaving the fixed-fee Classic Account feeling out of place. The Raw account has a spread from 0 pips on the EUR/USD, a 100 USD minimum deposit, and a commission of 6 USD (round turn) per 1 lot traded. The commission-free Classic Account, also with a 100 USD minimum deposit, has a spread of 1.6 pips (EUR/USD), which is higher than the industry average.
Overall, while Tickmill’s standard account is more expensive than other similar brokers, the two low-cost commission accounts make it an excellent choice of broker for MetaTrader users looking for a new broker.
Founded in 2017, Zero Markets is a growing CFD broker that offers a low-cost trading environment on a wide range of tradable assets on the MT4 and MT5 platforms. However, Zero Markets clients in Uganda will be trading under its Saint Vincent and the Grenadines based entity, which provides little regulatory oversight and does not offer automatic negative balance protection.
Zero Markets offers two live CFD accounts both with a minimum deposit requirement of only 100 AUD making them accessible to most traders. Spreads start at 1.00 pips (EUR/USD) on its Standard account, which is average compared to other brokers, and no commissions are charged for Forex trading. Spreads tighten to 0 pips (EUR/USD) on its Super Zero Account in exchange for a commission of only 5 USD per lot traded. Zero Markets also stands out for the number of financial assets on offer, including over 800 share CFDs, 45 Forex pairs, commodities, indices, and a small range of cryptocurrencies.
Some drawbacks for traders considering Zero Markets are that its educational and market analysis materials are sorely lacking, and it offers no trading tools to assist with technical and fundamental analysis.
Overall, Zero Markets will appeal to traders who value a low-cost trading environment and a broad range of tradable assets.
For more detailed reviews, please read our comprehensive assessments of Tickmill and Zero Markets.
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
