Tickmill vs FP Markets - Fees Review included
Which broker is better Tickmill or FP Markets? Our expert assessment conducted according to TU’s own methodology showed that Tickmill is one of the top brokers in the financial market with the TU Overall Score of 8.37 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 6.43 out of 10. Find out more about TU Overall Score.
| Feature | Tickmill | FP Markets |
|---|---|---|
Overall |
4.6 |
4.6 |
4.9 |
4.7 |
|
4.9 |
4.7 |
|
4.1 |
4.6 |
|
Investment Instruments |
3.9 |
4.9 |
Platforms and Charting Tools |
4.2 |
4.7 |
Deposit and Withdrawal |
4.5 |
4.4 |
Research |
4.2 |
3.9 |
Education |
4.0 |
3.8 |
Support |
4.5 |
4.2 |
Bonuses |
4.6 |
2.1 |
|
|
|
Tickmill vs FP Markets: Pros and Cons
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.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
| Tickmill | FP Markets | |
|---|---|---|
| Overall Pros | Well-Regulated broker | favorable trading conditions |
| Ultra low ECN trading fees | more than 10,000 trading instruments | |
| Any strategy is allowed | investment opportunities: copy trading, MAM and PAMM | |
| no-deposit bonus $30 (only for international entety) | order execution speed is 40 ms | |
| Free deposit and withdrawal | ||
| ECN trading account | well-regulated broker | |
| Limited choice of trading assets | EAs and VPS | |
| Overall Cons | complex verification process |
Tickmill vs FP Markets: Safety and Regulation
| Regulated By: | Tickmill | FP Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
FSCA (Seychelles), Malaysia |
Saint Vincent and the Grenadines (SVG FSA) |
Tickmill vs FP Markets: Trading Conditions
| Trading Conditions | Tickmill | FP Markets |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
MT4, MT5 |
MT4, МТ5, Webtrader, Mobile, Iress |
Max Leverage (Futures) |
1-500 |
1-500, for EU and AU clients - 1-30 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Trading assets |
200+ |
10000+ |
Trading Accounts |
Classic, Pro, VIP, Demo |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Base Account Currencies |
USD, EUR, GBP |
AUD |
Tickmill vs FP Markets: Fees
Forex Trading Fees
| Fee | Tickmill | FP Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1.6 pips |
1.3 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
$3 per lot |
ECN Account EUR Average Spread |
0.1 pip |
0.2 pips |
CFD Trading Fees
| Fee | Tickmill | FP Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread, Share CFDs - from 0.08% to 0.1% |
Non-Trading Fees
| Fee | Tickmill | FP Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
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.
Tickmill vs FP Markets: Trading Assets
| Asset Name | Tickmill | FP Markets |
|---|---|---|
Overall |
200+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Tickmill or FP Markets: Investment Programs
| Asset Name | Tickmill | FP Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Bond CFDs |
Trading Platforms: FP Markets or Tickmill
| Tickmill | FP Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
Iress |
|
|
|
Tickmill vs FP Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Tickmill | FP Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Tickmill vs FP Markets: Research
| Research Type | Tickmill | FP Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
Yes |
Tickmill vs FP Markets: Education
| Education Type | Tickmill | FP Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
FP Markets vs Tickmill: Support
| Support Features | Tickmill | FP Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Tickmill vs FP Markets: Forex Bonuses and Promo
| Promo | Tickmill | FP Markets |
|---|---|---|
Forex Bonus |
$30 welcome bonus |
No |
Affiliate Program |
Yes |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Other Promos |
Trading contests |
|
|
|
|
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on Tickmill
-
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.
-
Comment
I would like to share my experience with Tickmill, which turned out to be a good choice. Positive aspects include high leverage, which can be useful for experienced traders. Accounts are open incredibly quickly within only 3 minutes. I liked that information on the Tickmill website is available in different languages, which makes it easy to interact with. All this made my work in the market easy and comfortable. I actively trade major currency pairs and spreads on them fully meet my requirements.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!