Tickmill delivers a competitive MT4/MT5 trading environment thanks to its Advanced Trader Toolkit upgrade, consisting of 13 plugins. Additional cutting-edge trading tools include the Autochartist plugin, and the Acuity Trading Tool, which offers sentiment analysis from the Dow Jones news feed. While low trading costs offer high-frequency traders an edge, social traders benefit from third-party providers Myfxbook AutoTrade and Pelican Trading.

Libertex offers its almost 3.0M traders the core MT4/MT5 and its proprietary mobile app. Its most notable advantage is its competitive pricing environment, and Libertex focuses on millennial and GenZ traders favoring mobile trading. It is evident in the range of trading services available through its mobile app.

I have conducted an in-depth review of Tickmill and Libertex to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Headquarters
Saint Vincent and the GrenadinesSeychelles
Regulators
FSACySEC, FCA, FSA, FSCA
Tier 1 Regulator(s)?
N/A
Owned by Public Company?
N/A
Year Established
19972014
Execution Type(s)
Market MakerECN/STP, Market Maker
Minimum Deposit
50$€100
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Web-basedMetaTrader 4, MetaTrader 5, Web-based
Average Trading Cost EUR/USD
N/A0.1 pips ($1.00)
Average Trading Cost GBP/USD
N/A0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil
N/A$0.04
Average Trading Cost Gold
N/A$0.09
Retail Loss Rate
 85.9%N/A
Minimum Raw Spreads
Not applicableN/A
Minimum Standard Spreads
0.1 pipsN/A
Minimum Commission for Forex
0.0003%N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
N/A
OCO Orders
Interest on Margin
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Noteworthy:

Libertex, and its owner Forex Club, have a history of regulatory fines, including the temporary suspension of its CySEC license. Tickmill closes dormant accounts with a balance below $10 and donates proceeds to charity.

Available Markets

Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
N/A
ETFs
Futures
N/A
Synthetics
N/A
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Neither broker offers a high quantity of trading instruments, both provide traders with assets in most sectors, and Tickmill takes the overall lead amid a broader balance. Libertex provides cryptocurrency traders with significantly more choices, catering to demand from its core market. Traders at both get a sector introduction ideal for focused strategies.

Typical Spreads and Fees

Average Trading Cost EUR/USD
N/A0.1 pips ($1.00)
Average Trading Cost GBP/USD
N/A0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil
N/A$0.04
Average Trading Cost Gold
N/A$0.09
Average Trading Cost Bitcoin
N/A$24.90
Minimum Raw Spreads
Not applicableN/A
Minimum Standard Spreads
0.1 pipsN/A
Minimum Commission for Forex
0.0003%N/A
Deposit Fee
N/A
Withdrawal Fee
N/A
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Traders get access to raw spreads of 0 pips at both brokers for a highly competitive commission of $4.00 per 1 standard lot. Equity trading is commission-free at Tickmill and Libertex, but the latter offers volume-based commission rebates. Therefore, active, high-frequency traders can usually achieve lower overall trading costs at Libertex.

Security and Trust

Country of the Regulator
N/AUnited Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan
Name of the Regulator
FSACySEC, FCA, FSA, FSCA
Regulatory License Number
N/A717270, 278/15, F007663, 49464, SD008, MB/18/0028
Regulatory Tier
N/A1, 1, 2, 2, 4, 5
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Negative balance protection and segregation of client deposits from corporate funds apply at both, but Tickmill presents a more secure and trustworthy trading environment. Libertex had its CySEC license temporarily revoked. Most international traders will deal with the unregulated unit in St. Vincent and the Grenadines, operated jointly by Forex Club and Mauritius FSC-licensed MAEX Limited.

Libertex vs Tickmill – Verdict

Libertex

Pros
Cons
23+ year operational history Questionable regulatory history and numerous fines for violations
Competitive spreads, high leverage, and competitive cryptocurrency selectionLimited overall asset selection and few deposit methods
3-hour trading course for beginner tradersInactivity fee after 90 days
Welcome bonus and loyalty Program

Tickmill

Pros
Cons
Outstanding trading costs and volume-based rebate program Limited asset selection
Upgraded MT4/MT5 trading platforms plus Autochartist
High-quality educational tools and daily research
High leverage and choice of third-party social trading providers

Tickmill offers a high-quality environment with upgraded trading platforms, cutting-edge tools, and low trading costs. High-volume traders benefit from the rebate program, and beginners get quality education and research. Libertex provides a better cryptocurrency selection and mobile trading experience. It has quality trading tools aimed at millennial and GenZ traders, plus low trading costs. Overall, Tickmill offers better trading conditions catering to active, demanding clients.

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FAQs

Is Libertex a regulated broker?

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Libertex has a CySEC license, and one of its joint operators also has one in Mauritius.

Is Tickmill regulated in South Africa?

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Tickmill holds a regulatory license from the FSCA in South Africa.

What is the minimum withdrawal on Tickmill?

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The minimum withdrawal at Tickmill is $25.

Does Tickmill allow hedging?

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Tickmill has no strategy restrictions and allows hedging.

How legit is Libertex?

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Libertex is a duly regulated broker in Cyprus and Mauritius.