BCS Markets vs Tickmill Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of BCS Markets and Tickmill
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Rating | 3.8/5 | 4.5/5 |
| Foundation Year | 2006 | 2013 |
| Regulated in Countries | Saint Vincent and the Grenadines | United Kingdom, Cyprus, South Africa, Seychelles, Malaysia |
| Minimum Deposit |
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| Spread | from 0.2 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | BCS Markets Review | Tickmill Review |
BCS Markets is suitable for active traders, thanks to narrow spreads, and for beginners who value quality educational materials and analytics.
Tickmill is suitable for beginners due to accessible educational materials and for experienced traders who value low trading commissions and stable platforms.
BCS Markets Review
BCS Markets is a broker that suits traders of all levels. The broker is a cost-effective solution for active traders thanks to tight spreads and low swaps. It offers beginners extensive educational materials and support for popular trading platforms. The broker also provides high-quality analytical tools for making informed trading decisions.
However, it should be noted that BCS Markets has offshore regulation, which may raise questions about the safety of funds. In addition, the limited number of deposit and withdrawal methods, the small range of available trading products, and the inactivity fee may create certain inconveniences for traders.
This broker is reliable for those ready to work within its specific features and conditions.
Pros and Cons of BCS Markets
Pros
- Tight spreads.
- Commission-free account funding.
- Accessible trading platforms.
- Inclusion of quality analytics from experts in the service package.
- Educational materials to help novice traders master trading.
Cons
- Offshore regulation.
- Inactivity fee and high swaps.
- Limited number of deposit and withdrawal methods.
- Small number of trading assets.
- Non-24/7 technical support.
BCS Markets is in the top 10 of the following ratings:
Tickmill Review
Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.
The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.
Pros and Cons of Tickmill
Pros
- Low trading fees.
- Variety of trading platforms.
- Extensive library of educational materials and analytical tools.
Cons
- Not enough different types of trading accounts.
Tickmill is in the top 10 of the following ratings:
Reliability
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Reliability | 3/5 | 5/5 |
| Foundation Year | 2006 | 2013 |
| Regulated in Countries | Saint Vincent and the Grenadines | United Kingdom, Cyprus, South Africa, Seychelles, Malaysia |
| Regulators | SVGFSA SVGFSA | FCA FCA CySEC CySEC FSCA FSCA SFSA SFSA - LFSA LFSA |
BCS Markets
Offshore registration is offset by the strong reputation of the BCS Group.
Pros
- Part of the large BCS financial group.
- Extensive experience in financial markets.
Cons
- Offshore registration and regulation.
Tickmill
Tickmill's reliability is confirmed by its regulation by leading international organizations and licensing by the relevant governmental bodies.
Account Opening
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Account Opening | 5/5 | 4.3/5 |
| Minimum Deposit |
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BCS Markets
Opening an account with BCS Markets is a quick and simple process.
Tickmill
Opening an account with Tickmill is a straightforward and relatively quick process, but it does require document verification.
Pros
- Ease of understanding the process.
- Detailed instructions at each step.
Cons
- The verification process can take up to 24 business hours.
- The minimum deposit of $100 may be high for beginners.
Account Types
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Account Types | 3/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.2 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
BCS Markets
BCS Markets offers a satisfactory range of accounts, but lacks specialized options.
Pros
- Accessible demo account for training.
- Availability of fixed spread accounts.
- NDD (No Dealing Desk) account available.
Cons
- No cent accounts available.
- No Islamic (swap-free) accounts.
- No investment accounts.
Tickmill
Tickmill offers a flexible selection of accounts, satisfying different categories of traders. However, the absence of certain types of accounts may limit options.
Pros
- The presence of an Islamic account that adheres to Sharia principles.
- Availability of a free demo account.
- The ability to copy trades of successful traders.
Cons
- Lack of cent accounts.
- Fixed spread accounts are not offered.
Commissions
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Commissions | 4/5 | 3.5/5 |
| Spread | from 0.2 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.6 |
| Commission per Lot | $3 | $3 |
BCS Markets
BCS Markets offers average market trading commissions, but also charges an inactivity fee.
Pros
- No fees for deposits/withdrawals.
- Tight spreads.
Cons
- Inactivity fee charged.
Tickmill
Tickmill offers competitive conditions with average commissions, which is pleasantly surprising with the absence of fees for deposits and withdrawals.
Deposit and Withdrawal
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Account Funding Methods |
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BCS Markets
The broker offers convenient methods for account funding without commissions, however, withdrawal options are limited and fees are charged.
Pros
- Multiple account funding methods.
- No commission on deposits.
- Fast account funding.
Cons
- Limited withdrawal options.
- Commissions on withdrawals to credit and debit cards.
- Lack of e-wallet and cryptocurrency deposit and withdrawal options.
Tickmill
Tickmill provides a wide choice of deposit and withdrawal methods without charging fees, ensuring high-speed processing of transactions.
Markets and Products
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Markets and Products | 3/5 | 5/5 |
| Forex | 37 | 62 |
| Precious Metals | 3 | 4 |
| Energy Carriers | 4 | 2 |
| Soft Commodities | 3 | 2 |
| Indices | 11 | 23 |
| Stocks | 59 | 489 |
| ETF | - | 23 |
| Bonds | - | 4 |
| Cryptocurrency | - | 9 |
BCS Markets
BCS Markets provides access to several markets, including currency pairs, stocks, indices, metals, and energy carriers, but the total number of CFDs is small compared to other brokers. The broker's assortment also lacks CFDs on cryptocurrencies and soft commodities.
Tickmill
Tickmill offers diverse trading assets, including currency pairs, stock indices, commodities, bonds, and cryptocurrencies.
Trading Platforms
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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BCS Markets
BCS Markets provides reliable and functional trading platforms, including MT4, MT5, and a proprietary mobile application.
Pros
- Wide selection of platforms.
- Availability of mobile versions.
- Ability to work with a web terminal without downloading software.
Cons
- Lack of MetaTrader alternatives for desktop and web versions.
Tickmill
Tickmill offers proven MT4 and MT5 terminals, its mobile app, integration with TradingView, and an innovative platform for automatic trade copying - Pelican Trading.
Pros
- Reliable and functional MetaTrader 4 and 5 platforms and integration with TradingView.
- Mobile app for trading on the go.
- An interesting solution for automatic trade copying with Pelican Trading.
Analytics
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Rating | 5/5 | 5/5 |
BCS Markets
BCS Markets offers in-depth and functional analytics, including automated trading signals and expert recommendations.
Pros
- Wealth of analytical tools.
- Personalized trading recommendations.
- Trader chat for sharing opinions and strategies.
Tickmill
Tickmill offers extensive analytical tools, including regular reviews, Autochartist, and the Signal Centre tool.
Pros
- Daily fundamental and technical analytical reviews.
- Useful analysis tools such as Autochartist and Signal Centre.
- Market sentiment information and handy Forex calculators.
Education
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Rating | 4/5 | 5/5 |
BCS Markets
BCS Markets offers quality educational materials, primarily targeted at beginners.
Pros
- Well-structured courses for beginners.
- Hands-on learning through webinars.
Cons
- Lack of materials for advanced level.
- Insufficient video tutorials and podcasts.
Tickmill
Tickmill provides a comprehensive package of educational materials, including webinars, seminars, eBooks, video tutorials, and a blog.
Pros
- A wide variety of learning formats to suit different trader preferences.
- Periodic webinars and seminars with experts for in-depth understanding of trading.
- Regularly updated analytical and educational materials in the blog.
Customer Support
| Broker | BCS Markets | Tickmill |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
Telegram
Facebook
Instagram
Twitter
LinkedIn
YouTube
VKBCS Markets
BCS Markets support is professional, but not available 24/7, which can be inconvenient.
Pros
- Multiple communication channels.
- Prompt response.
Cons
- Lack of 24/7 support.
- No on-site chat for instant communication.
Tickmill
Tickmill's technical support is high quality, available through various channels, and provides timely responses.
Pros
- Email inquiries responded to within 24 hours.
- Professionalism and competence of staff.
Cons
- Support is not available 24/7.
- Can only call an international phone number.
- Messengers are not among the communication channels.
