The best alternatives to Tickmill are
- AxiTrader - Australian forex broker
- FXCM - UK-based forex broker
- Fusion Markets - Australian forex broker
Let's see in a bit more detail how the Tickmill alternatives compare to Tickmill and each other:
| Tickmill | AxiTrader | FXCM | Fusion Markets | |
|---|---|---|---|---|
| Overall score | 4.6 | 4.4 | 4.2 | 4.3 |
| Fees score | 4.8 stars | 4.5 stars | 3.8 stars | 4.8 stars |
| Account opening score | 5.0 stars | 4.4 stars | 4.4 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.8 stars | 4.0 stars | 4.4 stars |
| Web platform score | 2.8 stars | 2.6 stars | 2.5 stars | 2.8 stars |
| Markets and products score | 1.4 stars | 1.8 stars | 1.4 stars | 1.8 stars |
|
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73% of retail CFD accounts lose money |
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67.7% of retail CFD accounts lose money |
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73.05% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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 and prefer metatrader 4 platform
- AxiTrader is recommended for forex traders familiar with the metatrader 4 platform
- FXCM is recommended for forex traders looking for easy account opening, funding, and withdrawal
- Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
Important factors of finding Tickmill alternatives
So far BrokerChooser has reviewed 63 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!
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Tickmill alternatives
Tickmill
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by the Financial Conduct Authority, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles.
Tickmill is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 prefer metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low fees | • Only forex and CFDs |
| • Great account opening | • Trading platforms with outdated design |
| • Free deposit and withdrawal | • Basic news feeds |
Fees
Tickmill has great fees. Both the forex and CFD trading fees are low. There is no fee charged for deposit, withdrawal, or inactivity.
| Pros | Cons |
|---|---|
| • Low forex fees | None |
| • No withdrawal fee | |
| • No inactivity fee |
| Tickmill | AxiTrader | FXCM | Fusion Markets | |
|---|---|---|---|---|
| EURUSD benchmark fee | $9.2 | $13.8 | $16.5 | $12.8 |
| EURGBP benchmark fee | $8.5 | $11.0 | $12.2 | $7.0 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Tickmill has a fast and easy account opening. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Tickmill | AxiTrader | FXCM | Fusion Markets | |
|---|---|---|---|---|
| Minimum deposit | $100 | $0 | $360 | $0 |
| Time to open account | 1 day | 1-3 days | 1-3 days | 1 day |
Learn more about Tickmill minimum deposit here.
Deposit and withdrawal
Tickmill's deposit and withdrawal are fast and free of charge. There is a wide range of options you can use: bank transfer, credit/debit cards, or electronic wallets. On the other hand, the number of available account base currencies is low.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Few account base currencies |
| • No deposit fee | |
| • Several account base currencies |
| Tickmill | AxiTrader | FXCM | Fusion Markets | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | No | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 |
Web trading platform
Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| Tickmill | AxiTrader | FXCM | Fusion Markets | |
|---|---|---|---|---|
| Web platform score | 2.8 stars | 2.6 stars | 2.5 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 1.0 stars | 3.8 stars |
| Desktop platform score | 3.3 stars | 3.3 stars | 3.0 stars | 3.3 stars |
Learn more about Tickmill's web trading platform in the detailed Tickmill review.
Markets and products
At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.
| Tickmill | AxiTrader | FXCM | Fusion Markets | |
|---|---|---|---|---|
| Stock | No | No | No | No |
| ETF | No | No | No | No |
| Forex | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No |
| Bond | No | No | No | No |
| Options | No | No | No | No |
| Futures | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes |
| Crypto | No | Yes | Yes | Yes |
Verdict
Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally, including the top-tier FCA.
On the plus side, we liked the low forex and CFD fees. The account opening is seamless and there are a lot of free deposit/withdrawal options.
Tickmill has some drawbacks though. Its product range is limited to forex, CFDs on some stock indexes and commodities. Trading platforms have outdated design and the news feeds are basic.
We recommend Tickmill for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| Tickmill | |
|---|---|
| Summary | Tickmill is a low-cost forex and CFD broker. It is egulated by different financial authorities, including the top-tier FCA. |
| Fees score | 4.8 stars |
| Recommended for | Forex traders looking for low fees and prefer MetaTrader 4 platform |
Tickmill alternatives
AxiTrader
AxiTrader was founded in 2007 and is an Australian forex broker. It is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA).
As such, AxiTrader is considered safe because it is regulated by several top-tier authorities.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.7% 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 familiar with the metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low trading fees and no inactivity fee | • Offers only forex and CFD trading |
| • No withdrawal and deposit fees | • Limited research tools |
| • Fully digital account opening | • Slow email support |
Fees
AxiTrader has low forex and CFD fees. There is no withdrawal fee and the inactivity fee is low.
| Pros | Cons |
|---|---|
| • Low non-trading fees | None |
| • Low forex fees | |
| • Low CFD fees |
| AxiTrader | Tickmill | |
|---|---|---|
| EURUSD benchmark fee | $13.8 | $9.2 |
| EURGBP benchmark fee | $11.0 | $8.5 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Account opening at AxiTrader is user-friendly and fully digital but it takes a bit longer than at similar online brokers.
| Pros | Cons |
|---|---|
| • Fully digital | • Slower account opening time |
| • No minimum deposit | |
| • Low minimum deposit |
| AxiTrader | Tickmill | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in AxiTrader minimum deposit, this overview will help you.
Deposit and withdrawal
AxiTrader charges neither deposit nor withdrawal fees. For depositing, you can use bank transfer, credit/debit cards and electronic wallets. Nevertheless, credit/debit card withdrawal is not possible.
| Pros | Cons |
|---|---|
| • Free withdrawal | • No credit/debit card withdrawal |
| • No deposit fee |
| AxiTrader | Tickmill | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The web trading platform of AxiTrader is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login, price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation |
| AxiTrader | Tickmill | |
|---|---|---|
| Web platform score | 2.6 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.3 stars | 3.3 stars |
Learn more about AxiTrader's web trading platform in the detailed AxiTrader review.
Markets and products
AxiTrader offers only forex and CFD trading.
| AxiTrader | Tickmill | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
AxiTrader is regulated by multiple authorities globally, like the UK's FCA and ASIC in Australia.
On the plus side, trading fees are low and no inactivity fee is charged. Depositing and withdrawals are also free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.
AxiTrader has some drawbacks, though. Its product range is limited to FX and CFDs, and its research tools lack recommendations and fundamental data. In addition, customer support is only 24/5 and email support is slow.
Feel free to try AxiTrader, as the trading fees are low and there are no deposit, withdrawal or inactivity fees.
| AxiTrader | |
|---|---|
| Summary | AxiTrader is an Australian forex broker, regulated by top-tier authorities such as the UK FCA or Australia's ASIC. |
| Fees score | 4.5 stars |
| Recommended for | Forex traders familiar with the MetaTrader 4 platform |
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Tickmill alternatives
FXCM
FXCM, or Forex Capital Market, is a UK-based broker offering forex and CFDs. FXCM was established in 1999 and its main shareholder is the Jefferies Financial Group. Jefferies Group is listed on the New York Stock Exchange and it has an investment banking background.
FXCM is considered safe as it has a long track-record and it is regulated by top-tier financial authorities like the UK FCA and the Australian ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.05% 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
| Pros | Cons |
|---|---|
| • Fast and straightforward account opening | • Limited product portfolio |
| • Good technical research tools | • Poor mobile platform |
| • High quality educational content | • Poor website trading platform |
Fees
FXCM has low trading fees and average non-trading fees. There are no account, deposit, or withdrawal fees. However, you have to pay a $50 fee after one year of inactivity.
| Pros | Cons |
|---|---|
| • Low trading fees | • High AUDUSD trading fee |
| • No withdrawal fee |
| FXCM | Tickmill | |
|---|---|---|
| EURUSD benchmark fee | $16.5 | $9.2 |
| EURGBP benchmark fee | $12.2 | $8.5 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening process at FXCM is hassle-free, and there is no minimum balance requirement. The minimum deposit is $360 (£300) in Europe, while $50 in non-EU countries. On the other hand, the account opening time is slower than usual.
| Pros | Cons |
|---|---|
| • Fully digital | • Account opening time slower than at most forex brokers |
| • Low minimum deposit | |
| • User-friendly |
| FXCM | Tickmill | |
|---|---|---|
| Minimum deposit | $360 | $100 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in FXCM minimum deposit, this overview will help you.
Deposit and withdrawal
There are several options both for deposit and withdrawal but the withdrawal time is slow.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Slow withdrawal - over 3 days |
| • Free withdrawal | |
| • No deposit fee |
| FXCM | Tickmill | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
FXCM's trading platform is extremely customizable and you can use lots of order types. On the other hand, it's not user-friendly and it has a poor search function.
| Pros | Cons |
|---|---|
| • Clear fee report | • Not user-friendly |
| • Good customizability (for charts, workspace) | • No two-step (safer) login |
| • Good variety of order types | • Poor search function |
| FXCM | Tickmill | |
|---|---|---|
| Web platform score | 2.5 stars | 2.8 stars |
| Mobile platform score | 1.0 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 3.3 stars |
Learn more about FXCM's web trading platform in the detailed FXCM review.
Markets and products
At FXCM you only have access to forex and CFDs. Cryptos are provided through CFDs.
| FXCM | Tickmill | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
FXCM has low trading fees, its technical research tools are of high quality and well organized, and the account opening is fast and straightforward.
However, FXCM only offers forex, CFDs and crypto CFDs. Their mobile and desktop trading platforms need an update, as they are not user-friendly.
Feel free to try FXCM. There is no minimum deposit, and the inactivity fee only kicks in after a year.
| FXCM | |
|---|---|
| Summary | FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC. |
| Fees score | 3.8 stars |
| Recommended for | Forex traders looking for easy account opening, funding, and withdrawal |
Tickmill alternatives
Fusion Markets
Fusion Markets is an Australian forex broker. It was founded in 2010 and is regulated by both the Australian Securities and Investments Commission (ASIC) and Vanuatu Financial Services Commission (VFSC) depending on your residency.
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 a chance to use the metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low trading and non-trading fees | • Basic research tools |
| • Fast and easy account opening | • Limited educational tools |
| • Great customer service | • Limited product portfolio |
Fees
Fusion Markets has low forex fees and charges neither an inactivity fee nor a withdrawal fee.
| Pros | Cons |
|---|---|
| • Low non-trading fees | None |
| • Low forex fees | |
| • No withdrawal fee | |
| • No inactivity fee |
| Fusion Markets | Tickmill | |
|---|---|---|
| EURUSD benchmark fee | $12.8 | $9.2 |
| EURGBP benchmark fee | $7.0 | $8.5 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as it took only one day to get our account approved.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Fusion Markets | Tickmill | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in Fusion Markets minimum deposit, this overview will help you.
Deposit and withdrawal
Fusion Markets doesn't charge fees for deposits and most withdrawal options. You can use a bank transfer, credit/debit cards, and electronic wallets for transferring money but the withdrawal is slow.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Slow withdrawal - over 3 days |
| • Free withdrawal | |
| • No deposit fee |
| Fusion Markets | Tickmill | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The web trading platform of Fusion Markets is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| Fusion Markets | Tickmill | |
|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.3 stars | 3.3 stars |
Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.
Markets and products
Fusion Markets gives access to a lot of currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs, funds, etc.
| Fusion Markets | Tickmill | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
Fusion Markets is a great forex broker.
It offers low trading and non-trading fees. Account opening is fast and easy. Customer service gives quick and relevant answers.
On the negative side, Fusion Markets has limited research and educational tools. The product offering covers only forex and some CFDs.
As you will have an account within a day and there are low fees, feel free to try Fusion Markets.
| Fusion Markets | |
|---|---|
| Summary | Fusion Markets is an Australia-based forex broker, regulated by the ASIC. |
| Fees score | 4.8 stars |
| Recommended for | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
Tickmill alternatives
Bottom line
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.
| Broker | Info | Recommended for |
|---|---|---|
| Tickmill | Global forex broker | Forex traders looking for low fees and prefer MetaTrader 4 platform |
| AxiTrader | Australian forex broker | Forex traders familiar with the MetaTrader 4 platform |
| FXCM | UK-based forex broker | Forex traders looking for easy account opening, funding, and withdrawal |
| Fusion Markets | Australian forex broker | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
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