ARMO Broker
Tickmill
Basic data of broker
Recommended for Investors and traders from Europe interested in global markets
Recommended for Forex traders looking for low fees who are familiar with the MetaTrader 4 platform
Germany
UK
Fees
Low stock and ETF fees but high forex, options and futures fees
Low forex and CFD fees, low non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
20
5
Deposit type
Withdrawal type
Account opening
$1980
$100
1-3 days
1 day
Proof of identity: passport, ID card, driver's license Proof of address: bank statement, utility bill, registration certificate, credit card bill
Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Trading platform
Markets and products
Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Mid-range
Customer service
Security
€20,000
£85,000 for cliens under FCA, €20,000 under CySEC, no protection under Seychelles
2019
2014
USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
UK, Cyprus, Seychelles, South Africa, Malaysia
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
ARMO Broker's service is on par with Tickmill's and a comparison of their fees shows that ARMO Broker's fees are slightly higher than Tickmill's.
Account opening takes considerably more effort at ARMO Broker compared to Tickmill, deposit and withdrawal processes are somewhat more complicated at ARMO Broker, while customer service quality is somewhat lower than Tickmill's.
Our experts rated the trading platform of ARMO Broker as being of the same quality as the platform of Tickmill, found that clients have access to much more markets and products with ARMO Broker, while Tickmill provides less useful research and education.