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Tickmill vs IC Markets
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Updated:
Compare Tickmill vs IC Markets Side by Side
Choosing between Tickmill vs IC Markets and wondering which broker suits your trading needs best? We made a detailed comparison between Tickmill Review and IC Markets Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details side by side.
Summary
| Feature | Tickmill | IC Markets |
|---|---|---|
| Website | https://www.tickmill.com/ | //www.icmarkets.com |
| Founded year | 2014 | 2007 |
| Headquarter | UK | Australia |
| Licenses | UK, CySEC, Labuan, Seychelles, South Africa | Australia, Cyprus, Seychelles |
| Minimum Deposit | US$ 100 | 200 US$ |
| Trading Platforms | MT4, MT5, WebTrader, Tickmill Mobile App | cTrader, MT4, MT5 |
| Eurusd avg Spread | 0.3 pips | 1 pip |
Licenses
| Feature | Tickmill | IC Markets |
|---|---|---|
| Licenses Countries Info (short) |
|
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Both Tickmill vs IC Markets Brokers are licensed by top-tier EU regulatory authorities. Additionally, IC Markets’ possession of an Australian license provides it with a slight edge, as this allows the broker to cater specifically to the requirements of Australian clients by offering localized access.
Broker Types
| Feature | Tickmill | IC Markets |
|---|---|---|
| Broker types |
|
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Both Tickmill and IC Markets are ECN Brokers, ensuring high efficiency for automated trading and accommodating a range of strategies for both retail and institutional traders. Additionally, Tickmill stands out as an STP/NDD and DMA broker, providing enhanced price transparency for its users.
Trading Conditions
| Feature | Tickmill | IC Markets |
|---|---|---|
| Trading Conditions |
|
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Tickmill and IC Markets offer similar trading conditions, presenting traders with low spreads and enabling them to employ various trading strategies, including hedging and scalping.
Fees & Commissions
| Fees & Commissions | Tickmill | IC Markets |
|---|---|---|
| Inactivity Feemonth | $0 | 0 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | $0 | 0 $ |
| Rollover fee eurusd buy 1 lot | -6.41 | -0.62 |
| Rollover fee eurusd sell 1 lot | 3.42 | 0.41 |
| Avg Eurusd standard acc | 0.3 pips | 1 pips |
| Gold | 20 | 1 |
| Brent oil | 4 | 5 pip |
| Bitcoin | 12 | 42.036 |
Neither broker charges non-trading commissions, ensuring there are no fees for deposits, withdrawals, or inactivity. While both brokers offer competitive spreads, Tickmill’s spreads for EUR/USD are noticeably tighter than those of IC Markets.
Account Types
| Feature | Tickmill | IC Markets |
|---|---|---|
| Account types |
|
|
Both Tickmill and IC Markets provide a Standard Account option. For traders adhering to Sharia principles, there’s the option to opt for a SWAP Free or Islamic account offered by both brokers, facilitating long-term position holdings. Moreover, IC Markets introduces a Micro Account, which is typically more appealing to beginners due to its reduced requirements and associated risks.
Markets & Instruments
| Markets & Instruments | Tickmill | IC Markets |
|---|---|---|
| Forex | 60+ | 60 |
| Indices | 20+ | 23 |
| Commodities | 6 | 19 |
| Cryptocurrencies | 9 | 10 |
| Shares | ❌ | 120+ |
| Bonds | 4 | 9+ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 4 |
| Etfs | ❌ | ❌ |
The range of trading instruments provided by both Tickmill and IC Markets is fairly comparable. However, IC Markets additionally offers Futures and Shares. Notably, the asset offerings for both brokers are limited in number.
Trading Platforms
| Feature | Tickmill | IC Markets |
|---|---|---|
| Platforms |
|
|
Both brokers provide a good selection of platforms, including the widely used MT4 and MT5. On the other hand, IC Markets harnesses the advanced functionalities of the cTrader platform, catering especially to seasoned traders seeking intricate Algo Trading tools.
Deposit & Withdrawal Methods
| Feature | Tickmill | IC Markets |
|---|---|---|
| Payment methods |
|
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Both brokers offer similar funding methods, encompassing Debit/Credit Cards, Bank Transfers, and various e-wallets. Tickmill additionally provides Bitcoin transfers. Both brokers ensure swift money transfers without levying extra deposit or withdrawal fees.
Others
| Feature | Tickmill | IC Markets |
|---|---|---|
| Others |
|
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Tickmill and IC Markets both recognize the importance of high-quality customer service. They prioritize client satisfaction and maintain it at a professional standard. IC Markets stands out with its 24/7 support availability. Both brokers offer comprehensive learning materials, including educational tools, video sections, and webinars. Each broker ensures excellent support, fostering an environment conducive to trader growth and knowledge.
Conclusion on IC Markets vs Tickmill
Concluding Tickmill vs IC Markets Review, it’s evident that both brokers provide trustworthy trading solutions with substantial international offerings. Their propositions largely mirror each other in terms of trading conditions, fees, and account types. Trading expenses are broadly equivalent, paired with a nearly identical instrument range. However, Tickmill has a slight edge with its lower spreads. On the other hand, IC Markets stands out for traders who prefer the cTrader platform, offering a more nuanced trading experience. Here is our final recommendation:
- Tickmill – 🥇Best Low Spread Trading Broker for offering a seamless and feature-rich experience.
- IC Markets – 🥇Best Broker for Technical Trading offering some of the lowest possible spreads available.
