Tickmill Alternatives

The best alternatives to Tickmill are

1. Oanda - US forex broker
2. Rakuten Securities - Australia-based forex and CFD broker
3. FXCM - Global forex broker
4. ActivTrades - Global CFD and forex broker

Let's see in a bit more detail how the Tickmill alternatives compare to Tickmill and each other:

Why are these brokers considered good alternatives to Tickmill? There are many areas based on which Tickmill can be compared with others. When we say a given online broker is a good alternative to Tickmill we mean these brokers are comparable in the following areas:

• The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
• The type of clients they target, i.e. beginners, experienced investors, or day traders.

Tickmill alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

• Tickmill is recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
• Oanda is recommended for forex traders who value a user-friendly platform and great research tools
• Rakuten Securities is recommended for forex traders looking for low fees and those who prefer the metatrader 4 trading platform
• FXCM is recommended for forex traders looking for easy account opening, funding and withdrawal
• ActivTrades is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions

Important factors of finding Tickmill alternatives

So far BrokerChooser has reviewed 100 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

• open a live account
• check over 100 criteria, with weighting based on readers' preferences
• refresh data regularly

Whether Tickmill or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Tickmill is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Tickmill alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Tickmill this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Tickmill, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Tickmill alternative is a must.

Now let's dive into the details of how Tickmill and its alternatives perform in the most important areas!

Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange.

Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA).
 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by Oanda's various entities differ slightly. In this review, we mainly focus on the UK one.

Recommended for forex traders who value a user-friendly platform and great research tools

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74-89% of retail CFD accounts lose money

Fees

4.2

Oanda has low forex fees but average CFD fees. Withdrawal fees are low but not in all cases, while there's also a small inactivity fee.

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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74-89% of retail CFD accounts lose money

Account opening

4.2

Oanda's account opening is straightforward and no initial minimum deposit is required.

If you are interested more in Oanda minimum deposit, this overview will help you.

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74-89% of retail CFD accounts lose money

Deposit and withdrawal

4.2

Oanda charges no deposit and account fees. You can withdraw your money free of charge to a debit/credit card, but bank transfer withdrawals are quite costly.

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74-89% of retail CFD accounts lose money

Web trading platform

4.5

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.

Learn more about Oanda's web trading platform in the detailed Oanda review.

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74-89% of retail CFD accounts lose money

Markets and products

1.8

At Oanda, you can trade only forex and CFDs. A decent offer of forex, commodity, stock index and bond CFDs is offset by the complete absence of stock CFDs.

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74-89% of retail CFD accounts lose money

Verdict

Oanda is a great forex broker. It has user-friendly trading platforms that you will quickly learn to use confidently. It also provides powerful research tools, especially trading APIs. The account opening process is easy and quick.

Among some negatives, Oanda's product selection is limited to forex and CFD products. It doesn't have a banking background and is not listed on any stock exchange, two typical factors that enhance transparency and regulatory scrutiny. Customer support, while helpful, is only available 24/5.

With all that in mind, feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after one year.

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74-89% of retail CFD accounts lose money

Rakuten Securities is an Australia-based forex and CFD broker that was founded in 1999.

Rakuten Securities is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC), and has a long track record and a strong parent company.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and those who prefer the metatrader 4 trading platform

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74-89% of retail CFD accounts lose money

Fees

4.7

Rakuten Securities has low forex and CFD trading fees. Non-trading fees are average, as there is no inactivity fee, but a withdrawal fee is charged on international bank transfers and electronic wallets.

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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74-89% of retail CFD accounts lose money

Account opening

5.0

The account opening at Rakuten Securities is user-friendly and fully digital. It is also very fast, as it took only 1 day for our account to be approved.

If you are interested more in Rakuten Securities minimum deposit, this overview will help you.

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74-89% of retail CFD accounts lose money

Deposit and withdrawal

3.1

Rakuten Securities charges no deposit fees and the process is user-friendly, with even electronic wallets available. However, bank cards are not accepted, withdrawal is slow and can be expensive.

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74-89% of retail CFD accounts lose money

Web trading platform

Rakuten Securities doesn't offer a web trading platform, only mobile and desktop trading platforms. This is quite unusual for an online broker.

Learn more about Rakuten Securities's web trading platform in the detailed Rakuten Securities review.

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74-89% of retail CFD accounts lose money

Markets and products

1.4

At Rakuten Securities you can only trade some forex pairs, CFDs and Crypto. A lot of popular asset types, like stocks, ETFs and funds, are not available.

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74-89% of retail CFD accounts lose money

Verdict

Rakuten Securities does not charge an inactivity fee and account opening is fast and easy. The mobile platform is user-friendly and well-designed.

On the other hand, Rakuten Securities offers only forex and some CFDs for trading. Customer service is poor and we also missed the availability of a web trading platform.

Feel free to try Rakuten Securities, as you will have an account within a day and there is no inactivity fee. 

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74-89% of retail CFD accounts lose money

FXCM, is a UK-based broker offering CFDs (on shares, stock indices, forex, commodities and cryptos) trading. FXCM was established in 1999 and the majority economic owner of FXCM is Jefferies Financial Group, which is listed on the New York Stock Exchange and has a background in merchant banking.

FXCM is considered safe as it has a long track record, a strong parent company, and is regulated by top-tier financial authorities like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). It is also regulated by the Cyprus Securities and Exchange Commission (CySEC) and South Africa’s Financial Sector Conduct Authority (FSCA).

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for easy account opening, funding and withdrawal

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67% or 74-89% of retail CFD accounts lose money

Fees

4.0

FXCM has average forex and non-trading fees. There are no account, deposit, or credit/debit card withdrawal fees. However, you have to pay a $50 fee after one year of inactivity and bank withdrawal can be costly.

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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67% or 74-89% of retail CFD accounts lose money

Account opening

4.2

The account opening process at FXCM is hassle-free, but the minimum deposit is $50 in Europe and in non-EU countries as well. Also, the account opening time is longer than usual.

If you are interested more in FXCM minimum deposit, this overview will help you.

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67% or 74-89% of retail CFD accounts lose money

Deposit and withdrawal

4.0

There are multiple options both for deposits and withdrawals, but bank withdrawals have high fees and only a few account currencies are available.

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67% or 74-89% of retail CFD accounts lose money

Web trading platform

3.3

FXCM's web trading platform is extremely customizable, provides a wide range of order types and has a great search function. On the other hand, it lacks two-step authentication.

Learn more about FXCM's web trading platform in the detailed FXCM review.

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67% or 74-89% of retail CFD accounts lose money

Markets and products

1.8

FXCM provides only CFDs (on shares, stock indices, forex, commodities and cryptos). Popular asset classes, like real stocks and bonds, are not available for trading.

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67% or 74-89% of retail CFD accounts lose money

Verdict

FXCM is a great forex and CFD broker. Its majority economic owner is the Jefferies Financial Group. Also it  is regulated by multiple top-tier financial authorities, including the FCA and ASIC.

FXCM’s technical research and educational tools are high-quality and well-organized.

On the other hand, FXCM's product selection is limited to only CFDs (on shares, stock indices, forex, commodities and cryptos). Bank withdrawal fees are high and trading platforms lack a secure two-step login. 

Feel free to try FXCM, as their minimum deposit requirement is low and the inactivity fee only kicks in after a year.

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67% or 74-89% of retail CFD accounts lose money

ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and Commission de Surveillance du Secteur Financier (CSSF)

ActivTrades is considered safe because it has a long track record and it is regulated by the FCA, a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions

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65% of retail CFD accounts lose money

Fees

4.5

ActivTrades has low trading fees and average non-trading fees. As a plus, it charges no deposit and withdrawal fees in most cases.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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65% of retail CFD accounts lose money

Account opening

5.0

Account opening at ActivTrades is seamless and fully digital, taking just a few minutes to complete and verified within one business day.

If you are interested more in ActivTrades minimum deposit, this overview will help you.

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65% of retail CFD accounts lose money

Deposit and withdrawal

4.5

ActivTrades offers free deposit and withdrawal options, including bank transfer, credit card and various e-wallets. On the negative side, minor currencies are not accepted.

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65% of retail CFD accounts lose money

Web trading platform

4.4

ActivTrades has its own web trading platform called ActivTrader. It's highly customizable, multilingual and has a clear fee report On the other hand, there are no price alerts.

Learn more about ActivTrades's web trading platform in the detailed ActivTrades review.

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65% of retail CFD accounts lose money

Markets and products

1.5

At ActivTrades, you can only trade forex and other CFDs. Other popular asset classes such as real stocks, bonds, mutual funds or options are not available.

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65% of retail CFD accounts lose money

Verdict

All in all, ActivTrades is a good CFD/forex broker.

ActivTrades has low trading fees. The account opening is excellent and the deposits and withdrawals are free.

On the downside, its product portfolio is limited to just a few products, as it offers mainly CFDs and forex instruments. Research tools are basic, and there are no trading ideas or fundamental data. There is an inactivity fee.

As trading fees are low and your account will be ready quickly, we encourage you to try ActivTrades.

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65% of retail CFD accounts lose money

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the UK; and as such is considered a safe broker.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform

Fees

4.5

Tickmill has low forex fees and average CFD fees. There is no fee for deposit, withdrawal or inactivity.

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Account opening

5.0

Tickmill has a fast and easy account opening process with quick verification. The minimum deposit is low at just $100.

Learn more about Tickmill minimum deposit here.

Deposit and withdrawal

4.5

Deposit and withdrawal are fast and free of charge, and can be done via bank transfer, credit/debit cards and e-wallets; though only a few account base currencies are available.

Web trading platform

2.8

Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. However, the platform lacks price alerts and its design is outdated.

Learn more about Tickmill's web trading platform in the detailed Tickmill review.

Markets and products

1.7

You can trade only CFDs on forex, stock indices, commodities and German government bonds. Popular asset classes such as stocks, ETFs, bonds, funds or options are missing.

Verdict

Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally including the top-tier UK FCA.

On the plus side, we liked Tickmill's low forex fees. Account opening is seamless and there are many free deposit/withdrawal options.

Tickmill has some drawbacks though. Its product range is limited to forex and CFDs on some stock indexes, commodities and cryptos. The trading platforms have an outdated design, and the quality of some research tools is uneven.

We recommend Tickmill for those who are interested in CFD and forex trading and are familiar with the MetaTrader trading platforms. Feel free to test it via the demo account.

Based on our analysis, there are several good alternatives to Tickmill. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.