Tickmill vs InstaForex vs Oanda - Fees Review included
| Feature | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Overall |
4.6 |
4.5 |
4.4 |
4.9 |
4.5 |
5 |
|
4.9 |
3.5 |
4.5 |
|
4.1 |
4.6 |
3.5 |
|
Investment Instruments |
3.9 |
4.8 |
4.1 |
Platforms and Charting Tools |
4.2 |
4.4 |
4.8 |
Deposit and Withdrawal |
4.5 |
5 |
4.2 |
Research |
4.2 |
4.6 |
4.7 |
Education |
4.0 |
4.8 |
4.5 |
Support |
4.5 |
4.7 |
4.8 |
Bonuses |
4.6 |
5 |
4.6 |
|
|
|
|
Tickmill vs InstaForex vs Oanda: 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.
InstaForex is an international company that has been providing services in the Forex currency market since 2007. Today, more than 7 million traders worldwide use the services of this broker. InstaForex offers its clients access to 300 trading instruments, such as PAMM Investment and ForexCopy system to copy trading of successful traders. The company’s activity is regulated by the British Virgin Islands Financial Services Commission (FSC) in accordance with the Securities and Investment Business Act. InstaForex has a reputation for responsible and professional trading practices. In 2016, the company received the UK Forex Best Social Broker Award, in 2018 was named the Best Forex Platform for Trading Cryptocurrency, and in 2019 Best Asian Broker and the Best Eastern European broker.
Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.
| Tickmill | InstaForex | Oanda | |
|---|---|---|---|
| Overall Pros | Well-Regulated broker | Regulated Forex Broker | Regulated by a range of reputable financial bodies |
| Ultra low ECN trading fees | 2500+ trading assets | Real-time news and fundamental analysis tools | |
| Any strategy is allowed | Individual online training | localized and multilingual phone support | |
| no-deposit bonus $30 (only for international entety) | Advances news and analytitc platforms | User-friendly platform for new forex traders | |
| Free deposit and withdrawal | Free VPS service | Outstanding research tools | |
| ECN trading account | High exacution speed | Financial information publicly available | |
| Limited choice of trading assets | No deposit and withdrawal fees | High educational value through written content and videos | |
| Deposits in crypto | Orders get executed with no requotes | ||
| $1000 No deposit bonus (Only for international entety) | Deposit minimum as low as $1 | ||
| Overall Cons | High spreads and trading fees | No programs offering bonus | |
| Low exacution speed | Slow withdrawal of funds |
Tickmill vs InstaForex vs Oanda: Safety and Regulation
| Regulated By: | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 €100,000 (DE) |
No |
No |
FCA UK Regulation |
Yes |
No |
No |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
No |
No |
No |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
Yes |
No |
No |
BVI FSC |
No |
Yes |
Yes |
VFSC |
No |
No |
No |
FSA (Seychelles) |
Yes |
No |
No |
Tickmill vs InstaForex vs Oanda: Trading Conditions
| Trading Conditions | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Minimum Deposit |
$100 |
$1 |
No minimum deposit |
Trading Platforms |
MT4, MT5 |
MT4, MT5, InstaForex MultiTerminal |
MT4, OANDA, TradingView |
Max Leverage (Futures) |
1-500 |
1:1000, 1:30 (for EU clients) |
1-50 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
Trading assets |
200+ |
2500+ |
120+ |
Trading Accounts |
Classic, Pro, VIP, Demo |
Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica for international entity, ECN, ECN PRO, ECN VIP - For EU entity. |
Standard, Core, and Swap-free |
Base Account Currencies |
USD, EUR, GBP |
EUR, USD |
USD, EUR, HKD, SGD |
Tickmill vs InstaForex vs Oanda: Fees
| Fee | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
1,0 |
3 |
3 |
Standard acc. spread EUR/USD, max pips |
1,6 |
7 |
7 |
ECN Commission |
3 |
3 |
3 |
ECN Spread EUR/USD |
0,1 |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
0,5-2 |
Withdrawal fee, USD |
No |
20-100 |
20-100 |
Inactivity fee, $ |
No |
No |
No |
Tickmill vs InstaForex vs Oanda: Trading Assets
| Asset Name | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Overall |
200+ |
2500+ |
120+trading assets |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
No |
Binary Options |
No |
No |
No |
Tickmill or InstaForex or Oanda: Investment Programs
| Asset Name | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
No |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: Tickmill or InstaForex or Oanda
| Tickmill | InstaForex | Oanda | |
|---|---|---|---|
MT4 |
Yes |
Yes |
Yes |
MT5 |
Yes |
Yes |
Yes |
cTrader |
No |
No |
No |
Appropriate platform |
No |
InstaForex |
Oanda |
Others |
No |
No |
No |
|
|
|
|
Tickmill vs InstaForex vs Oanda: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
Yes |
Yes |
Yes |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
No |
Yes |
Yes |
Tickmill vs InstaForex vs Oanda: Research
| Research Type | Tickmill | InstaForex | Oanda |
|---|---|---|---|
News Feed |
Yes |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
No |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Yes |
Tickmill vs InstaForex vs Oanda: Education
| Education Type | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
Yes |
Yes |
Yes |
Articles |
Yes |
Yes |
Yes |
Videos |
Yes |
Yes |
Yes |
Cent account |
Yes |
Yes |
Yes |
Tickmill vs InstaForex vs Oanda: Support
| Support Features | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
Messendgers |
No |
Tickmill vs InstaForex vs Oanda: Forex Bonuses and Promo
| Promo | Tickmill | InstaForex | Oanda |
|---|---|---|---|
Forex Bonus |
$30 welcome bonus |
$1000 no deposit bonus |
Yes (Not for all countries) |
Affiliate Program |
Yes |
Yes |
Yes |
Other Promos |
Trading contests |
Rebates and commission markdowns |
|
|
|
|
|
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 InstaForex
-
Comment
InstaForex offers over 2,500 trading instruments, including InstaSpot and InstaFutures—for those looking for unconventional assets. Over years of working with them, I haven’t encountered any critical outages, but it’s important to note that some products, like OYS accounts, are only available with a minimum investment of $1,000. Support is available within the terminal and responds quickly, though it can be quiet during nighttime hours.
-
Comment
For the first time, I came across a non-standard instrument called InstaFutures with a broker. So far, I’ve tested it on a demo account using MT5. I chose the Insta.Standard account — the spread is floating, around 1.2 pips. The minimum trade size is 0.01 lots. The partnership program is straightforward — commissions are paid out regularly, with transparent terms, especially for CPL and CPA. However, withdrawals via crypto wallets aren’t always fast.
-
Comment
I’ve been using the option to invest through the OYS portfolio under CySEC. The minimum is from $2000, with allocations across crypto, stocks, and indices. So far, everything is transparent, and the fees are clear. Trading is available via WebTrader, MT4, and MT5, which is convenient. No issues with withdrawals or verification. However, the dealing delay in copy trading—up to 15 seconds—is something to keep in mind.
-
Comment
Instaforex offers two main registration options — under FSC or CySEC. This choice affects both leverage (up to 1:1000 vs. 1:30) and spreads. There’s also a wide range of account types, from demo and standard to ECN and VIP. Support responds quickly, especially with straightforward inquiries. However, this broker may not suit those looking for fixed-income investments — there are no passive investment tools available.
-
Comment
I prefer to deal with InstaForex. Their web trader platforms are awesome, and I can trade in browsers with many advanced functions, which has brought me $750 in profit so far. I am satisfied with InstaForexso far. I am happy to make profitable orders, so I will continue trading with InstaForex.
Top 5 Reviews on Oanda
-
Comment
I tested different account types: Standard, Core, and Premium. The conditions vary in terms of spreads and execution speed. In my case, I chose the Core account — it's the best balance between commission and execution quality. On the downside, there are no cent accounts, and the entire website is only available in English, which may not suit everyone.
-
Comment
I considered Oanda as a platform for portfolio diversification. What attracted me was its stability — the broker has been operating since 1996 and is regulated in four jurisdictions. Liquidity is provided by major banks, including JPMorgan and Deutsche Bank, which adds confidence in order execution without slippage.
-
Comment
The Oanda platform offers a solid range of instruments, including currency pairs, cryptocurrencies, metals, indices, and commodities. The minimum order size starts from 0.01 lots, and spreads for major pairs begin at 0 pips. These are favorable conditions for traders using intraday or scalping strategies.
-
Comment
When choosing a broker, I paid close attention to leverage. OANDA offers up to 1:200, which provides enough flexibility for active trading. You can trade on MetaTrader 4, 5, as well as the proprietary fxTrade platform. The stop-out level is fixed at 50%, which is in line with industry standards.
-
Comment
The conditions at OANDA are average, so I can give this broker a decent rating.
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.
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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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.