eToro was founded in 2007 and it is based in Cyprus. The company focuses on social and copy trading which has resulted in its rapid growth. We found by Comparing brokers that it has more than 10,000,000 clients in the world. The trading platform is widely popular because of the ease with which an individual can implement CopyTrading. Know more about the CopyPortfolios for better understanding.
Tickmill was founded in 2014 and it is a safe broker for CFD and forex trading. It is regulated and authorized by one tier-1 regulator, one tier-2 regulator, and one tier-3 regulator.
Why Choose These Platforms?
|Experience||eToro has 13 years of experience||Tickmill has 6 years of experience|
|Regulation||Regulated by the Financial Conduct Authority, ASIC and CySEC||Regulated by the Financial Conduct Authority|
|Tight Fixed Spreads||Yes||No|
|Direct Market Access||No||Yes|
Pros And Cons
|Pros||Free ETF and Stock trading, Social trading, and Seamless account opening.||Low fees and free deposit and withdrawal.|
|Cons||Slow withdrawal, high forex fees, and only one account base currency.||Only availability of CFDs and Forex, a trading platform with outdated features, basic news feed.|
|Availability||eToro offers its customer service 24/5 to its traders.||Tickmill offers its customer support from Monday to Friday from 7 am to 8pm.|
|Medium||eToro offers its customer service via Live Chat, web-based ticketing system, and call.||Customer support is available via Email, Telephone, Live Chat, and Online contact form.|
Deposit And Withdrawal
|Minimum Initial Deposit||$200||$25|
|Bank Wire (Deposit/Withdraw)||Yes||Yes|
Types of Accounts
There is no such thing as a perfect broker, however, there are some which fit you better than others. Based on the forex eToro review, it is a broker, which is more reliable and offers a wider range of instruments to trade. One more advantage of eToro is, it offers lower spreads on popular instruments like EUR/USD, which are used by most of the traders. On the Differentiate of eToro vs Markets.com, we found that eToro provides three trading platforms.
Both eToro and Tickmill offer a demo account, which allows traders to test their platforms to find if they are suitable for them or not.