Eightcap vs Tickmill - Fees Review included
Which broker is better Eightcap or Tickmill? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.2 out of 10. Tickmill is one of the top brokers in the financial market with the TU Overall Score of 7.15 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Tickmill |
|---|---|---|
Overall |
2.9 |
4.6 |
3.3 |
4.9 |
|
3.7 |
4.9 |
|
3.7 |
4.1 |
|
Investment Instruments |
1 |
3.9 |
Platforms and Charting Tools |
3.5 |
4.2 |
Deposit and Withdrawal |
3.6 |
4.5 |
Research |
3.9 |
4.2 |
Education |
3.4 |
4.0 |
Support |
3.6 |
4.5 |
Bonuses |
4 |
4.6 |
|
|
|
Eightcap vs Tickmill: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
Tickmill brokerage introduces a new standard in the provision of brokerage services. The focus on innovation is what the company is proud of and why traders choose it. The trading conditions of the broker are appreciated by fans of scalping and passive trading with the help of robots because Tickmill provides minimal spreads. The company has earned many awards. Thus, for two years in a row (2018 and 2019), it was awarded the “Best Execution Broker” title, and it also won the “Most Transparent Broker” title in 2019.
| Eightcap | Tickmill | |
|---|---|---|
| Overall Pros | a large number of trading assets | Well-Regulated broker |
| Low fees | Ultra low ECN trading fees | |
| Good bonus programs | Any strategy is allowed | |
| Raw account avaible | no-deposit bonus $30 (only for international entety) | |
| Free deposit and withdrawal | ||
| ECN trading account | ||
| Limited choice of trading assets | ||
| Overall Cons | High minimum deposit - $100 | |
| lack of investment programs |
Eightcap vs Tickmill: Safety and Regulation
| Eightcap | Tickmill | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
£85,000 €20,000 €100,000 (DE) |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
Eightcap vs Tickmill: Trading Conditions
| Trading Conditions | Eightcap | Tickmill |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, MT5 |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Trading assets |
3620+ |
200+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Classic, Pro, VIP, Demo |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, EUR, GBP |
Eightcap vs Tickmill: Fees
| Eightcap | Tickmill | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,4 |
1,0 |
Standard acc. spread EUR/USD, max pips |
1,5 |
1,6 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,1 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Tickmill: Trading Assets
| Asset Name | Eightcap | Tickmill |
|---|---|---|
Overall |
3620+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or Tickmill: Investment Programs
| Asset Name | Eightcap | Tickmill |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Tickmill or Eightcap
| Eightcap | Tickmill | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs Tickmill: Deposit and Withdrawal Methods
| Eightcap | Tickmill | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Eightcap vs Tickmill: Research
| Research Type | Eightcap | Tickmill |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Eightcap vs Tickmill: Education
| Education Type | Eightcap | Tickmill |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
Tickmill vs Eightcap: Support
| Support Features | Eightcap | Tickmill |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs Tickmill: Forex Bonuses and Promo
| Promo | Eightcap | Tickmill |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
$30 welcome bonus |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
Yes |
Other Promos |
Trading contests |
|
|
|
|
Top 5 Reviews on Tickmill
-
Comment
I opened an account with Tickmill through the Tickmill.com division, starting with a minimum deposit of $100. I'm trading on a Classic account, where spreads start from 1.8 pips — not a critical factor for my strategy. Order execution takes about 0.2 seconds, and the platform is stable. I use MetaTrader 4 and have no complaints about the terminal. I especially appreciate the access to analytics via Acuity Trading and the availability of Signal Centre — very convenient for working with news and key levels. A definite plus is the negative balance protection. On the downside, the selection of currency pairs is more limited compared to some competitors.
-
Comment
I trade independently and believe that Tickmill is honest. From time to time I attend webinars that provide quite good analytics, which are more aimed at novice traders. Once I had a problem with an order, but the broker decided in my favor and canceled the trade. Withdrawing money is fast, I use a bank card for this. I can recommend Tickmill.
-
Comment
Recently I received affiliate payments from tickmill. I am very glad, since it is a good percentage of my passive income. But I recommend Tickmill because it respects traders. The platform is quite functional, spreads are narrow, and fees on the ECN account are small. There are no problems with withdrawals; I have never been deceived.
-
Comment
I have been using the brokerage services of Tickmill for over two years. It's a serious broker with transparent conditions. I am currently trading on a classic account, but I plan to switch to the Pro account because Tickmill offers zero spreads on that account, which is very beneficial for active trading. I withdraw profits to my bank account, and the funds are received within three days.
-
Comment
Tickmill is an excellent broker. I recommend it to everyone who trades or starts trading. I started trading with Tickmill several years ago. I didn’t find any problems with the system connection of the platform. This broker withdraws money without any problems.
Top 5 Reviews on Eightcap
-
Comment
Eightcap provides a high level of protection — negative balance is excluded, margin call triggers at 80%, and stop out at 50%. Trading is conducted through popular terminals and covers CFDs on more than 800 assets. The minimum deposit is $100, which is average for the market, but the lack of investor programs and passive income options reduces the broker’s versatility. It’s also worth noting that spreads on standard accounts can reach up to 1 pip, despite the advertised from 0.1 pips. Overall, Eightcap is aimed at active traders focused on analysis and their own decisions.
-
Comment
Eightcap is a brokerage platform offering a minimum order size of 0.01 lots and a wide range of CFD contracts. One of the company’s strongest advantages is its licensing in the UK, Australia, Cyprus, and the Bahamas. Available account types include Standard, Raw, and Demo, with the demo account provided free for 30 days. The absence of a partnership program and promotional contests may limit its appeal to some users. Nevertheless, the high-quality educational materials and real-time analytics make Eightcap a solid choice for traders focused on independent trading.
-
Comment
Eightcap is regulated by four authorities, including the FCA (with up to £85,000 in fund protection), making it one of the safest options on the market. Spreads on the EUR/USD pair start from 0.1 pips, and leverage is available up to 1:500. However, the company does not offer bonus programs or promotional deals, setting it apart from competitors with more aggressive marketing strategies. Trading is available in USD, EUR, GBP, AUD, and other currencies, and deposits are supported through more than 10 payment systems, including PayPal and cryptocurrencies. Eightcap focuses on a stable infrastructure rather than entertainment features.
-
Comment
Eightcap offers trading on more than 800 instruments, including currency pairs, cryptocurrencies, indices, and commodities. The minimum deposit is $100, which might be a barrier for beginners. The broker supports MT4, MT5, and TradingView platforms, with spreads starting from 0.1 pips. However, there are no PAMM accounts or copy trading options, so it may not suit passive investors. On the plus side, regulation by the FCA, ASIC, and CySEC indicates a high level of reliability. Customer support is consistent, though a full set of documents is required to open an account.
-
Comment
I really like trading with Eightcap. The conditions are quite favorable - spreads are adequate, commissions are not stifling, and everything is transparent. I would like to emphasize order execution: everything happens smoothly, without delays and unexpected slippages, which is especially important when trading actively. The interface is clear, the platform works stably - it does not freeze at the wrong moment, as it happened to me with other brokers. Input and withdrawal are also carried out without any problems. So far, everything is satisfactory, and there are no serious reasons for dissatisfaction. So at the moment it is quite a decent option for those who want to trade confidently and without constant minor annoyances.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.