Forex trading is a profitable venture, but a trader's success is influenced by a number of factors, of which the broker's is a crucial one。In addition to choosing a broker that allows traders to implement proven profit strategies, transaction costs, especially spreads, must also be considered。

What is the spread？

Spreads are important in the overall trading structure because they largely determine the transaction costs that traders may incur。If the spread is too high, it will start to eat into the trader's profits。

Spreads affect the types of strategies that traders can use。Scalping, for example, is a popular trading strategy in which traders make multiple trades throughout the day to make a series of small profits。However, if the spread is too high, most of the profit a trader earns through this strategy may be consumed by the spread。This means that when the spread is too high, many profit strategies lose their effectiveness because the trader will only keep losing money。

Therefore, it is recommended to confirm whether the spread is within the acceptable range, or check whether the broker is a bit of a zero-based account type。However, it should be noted that when the spread is zero, the trader is likely to pay a small commission on each trade, so the trader must understand the broker's fee structure before operating the trading account to avoid future problems.

Exness Spread

Exness is regulated in at least five regions around the world, including Cyprus, Mauritius, the United Kingdom, the British Virgin Islands and the Seychelles, so traders cannot be scammed by the broker。In addition, Exness provides customers with negative balance protection while keeping customers' funds in segregated accounts。All these factors make Exness a safe and trusted broker。The broker's account verification time is not long, after the trader submits the necessary documents, the verification can be completed within 24 hours。

In Exness, the point difference is from 0.Traders don't have to worry about idle fees from 3: 00。In addition, there is no commission when depositing or withdrawing funds。All in all, the low spreads will increase the potential profit a trader can make from their strategy。Scalpers can also profit from it without worrying about high spreads。

The choice of broker will change according to the needs of each trader. If you only need the basic platform and the best trading functions, then Exness is the best choice。

Exness with its 0 only.Advantages such as the low point difference from 1 o'clock make up for its lack of functions, which is very suitable for scalping traders。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection, but withdrawals may be limited depending on the payment method。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves the high stability of the company。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week, but the company is not responsible for deposit and withdrawal problems due to payment system reasons.。

Exness does not charge traders any transaction fees, and certain payment methods may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。In addition, it is one of the most transparent brokers in the online trading industry, and traders can find all the company's information on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms, and traders can access them anytime, anywhere。

Over the years, Exness has developed into a broker that attracts traders, complying with financial regulations such as FCA and CySEC, further strengthening traders "trust.。

Trading volume, one of the measures of client confidence, reached $348.4 billion in monthly trading volume for its clients as of December 2018, with more than 50,342 active traders worldwide.。

Traders also have the opportunity to earn extra income by becoming a partner through multiple programs offered by Exness。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who signs up.。

In addition, you can get additional income from Exness Partners, and traders who register through the member link can get up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when dealing with Exness。VPS (Virtual Private Server) provides traders with higher reliability and stability, and can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

In summary, Exness is a trader's favorite broker for its low spreads and flexible account types, ideal for traders with limited funds but need more opportunities to maximize profits, and is also known for its maximum support for new and old partners.

Tickmill Spread

Tickmill has regulatory licenses issued by financial regulators such as CySEC in Cyprus, FCA in the UK, FSCA in South Africa and FSA in Seychelles.。These institutions represent the most reputable regulators in the forex industry, providing assurance on Tickmill's credibility as a broker。

Customers who trade with Tickmill also receive negative balance protection and will not lose their account even if trading losses accumulate to a certain extent。In addition, the broker ensures that clients' funds are held in separate accounts。

Tickmill offers traders the spread of the account type from 0.starting at 0 o'clock, thus providing an extremely high value for scalpers。The zero point difference applies to professional and VIP accounts, while the classic account has a minimum difference of 1.6 o'clock。It is worth mentioning that all Tickmill accounts do not charge deposit fees or idle fees。

Tickmill is an award-winning global ECN broker licensed and regulated by the Financial Conduct Authority (FCA), Cyprus CySEC and the Seychelles FSA。Founded in 2014, the company offers a variety of trading services to retail and institutional clients with a focus on foreign exchange, equities, commodities, CFDs and metals.。

For traders who prioritize spread value in broker selection, Tickmill offers premium services with low spreads, from 0.From 0 o'clock。

The London-based company's mission is to provide clients with the best possible trading environment so that they can focus on trading and become successful traders, such as offering 0.15 seconds of quick execution。With this setup, Tickmill gets CFI.Best Forex Executive Broker Award 2019 from coAwards。In addition, Tickmill has been awarded "Best CFD Broker in Asia 2019" by International Business Magazine, "Best Forex Broker in Asia" by Forex Awards and "Most Transparent Broker in 2019."。

After registering with Tickmill, traders can choose the most desirable asset among the 60 currency pairs available for trading。If the trader is not yet sure whether to open a real account, Tickmill recommends learning to trade through a demo account。

There are also educational features such as webinars, seminars, e-books and video tutorials。Traders can use all these facilities to increase their knowledge about trading and the financial markets in general。If traders already have enough knowledge, they have a greater chance of consistently earning profits。

For traders who sign up for a real account, they can choose to offer three types of accounts, including professional accounts, classic accounts and VIP accounts。Traders can take 0.01 minimum order opening。This applies to all types of accounts。

The company offers advice to traders who are still confused when choosing an account。For example, for novice traders, Tickmill encourages customers to opt for classic accounts。It provides the best conditions for fast order execution while enabling traders to use almost any trading strategy。In addition, the account does not charge a trading commission, so the trader only pays the buy / sell spread。In addition to the above three main accounts, Tickmill also offers Islamic accounts (free of overnight interest).。

At Tickmill, however, traders can only use MetaTrader4 as the trading platform they offer.。Although not much compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface with sophisticated order management tools to help traders control positions quickly and effectively。

One-click EA integrated on MT4 enhances the convenience of Tickmill trading。Traders will automatically receive stop loss and take profit calculations; most importantly, Tickmill provides VPS hosting for automatic traders who do not need to worry about technical issues such as Internet connection。

They offer a variety of third-party research solutions, including Autochartist, a popular pattern recognition software that uses automated technical analysis to make predictions and generate transaction numbers.。Autochartist is available in the portal of Tickmill and as a platform plug-in for MetaTrader4。

As a Tickmill customer, traders can deposit and withdraw money using multiple payment methods including Visa, Mastercard, Bank Transfer and Skrill。Tickmill accepts deposits and withdrawals in 4 currencies, including USD, EUR, GBP and Polish Zloty。

Overall, Tickmill is a competitive spread broker and offers a safe trading environment with its regulated entities located in three different jurisdictions.。Although the trading platform is not great, the analytical tools they provide to meet the needs of traders meet the standards of retail brokers。

Conclusion

Comparing the two brokers side by side, there are similarities and differences。The first similarity is that both companies are heavily regulated by various financial authorities, but Exness is more regulated。

Exness and Tickmill differ in this respect as far as the spreads of this article are concerned, Exness spreads from 0.Start at 3, and Tickmill's spread from 0.Start at 0: 00。This means that traders may get better trading value at Tickmill, because the overall cost of the broker may be lower, providing traders with the possibility of various trading strategies, thereby minimizing transaction costs While maximizing profits。

Tickmill provides access to ECN, which gives traders the opportunity to get the best exchange rate to complete orders。Since the ECN tracks the quotes of a set of market makers, liquidity increases and traders can make better use of 0.0 point difference。

Exness, on the other hand, is a good choice despite its slightly higher spread。After all, the broker has a reputable trading service and instant withdrawals。If a trader puts these two aspects above zero spread, it may be very suitable for Exness。