Tickmill vs Oanda vs NinjaTrader - Fees Review included
| Feature | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Overall |
4.6 |
4.4 |
3.9 |
4.9 |
5 |
4.3 |
|
4.9 |
4.5 |
4.4 |
|
4.1 |
3.5 |
4.2 |
|
Investment Instruments |
3.9 |
4.1 |
1 |
Platforms and Charting Tools |
4.2 |
4.8 |
4.3 |
Deposit and Withdrawal |
4.5 |
4.2 |
4.6 |
Research |
4.2 |
4.7 |
4.1 |
Education |
4.0 |
4.5 |
4.3 |
Support |
4.5 |
4.8 |
4.2 |
Bonuses |
4.6 |
4.6 |
1 |
|
|
|
Tickmill vs Oanda vs NinjaTrader: 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.
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.
Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.
| Tickmill | Oanda | NinjaTrader | |
|---|---|---|---|
| Overall Pros | Well-Regulated broker | Regulated by a range of reputable financial bodies | availability of algorithmic trading using proprietary systems; there are more than 850 |
| Ultra low ECN trading fees | Real-time news and fundamental analysis tools | Proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex) | |
| Any strategy is allowed | localized and multilingual phone support | 100+ indicators | |
| no-deposit bonus $30 (only for international entety) | User-friendly platform for new forex traders | Advanced chartign software | |
| Free deposit and withdrawal | Outstanding research tools | Advanced historical tick data | |
| ECN trading account | Financial information publicly available | ||
| Limited choice of trading assets | High educational value through written content and videos | ||
| Orders get executed with no requotes | |||
| Deposit minimum as low as $1 | |||
| Overall Cons | No programs offering bonus | high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker) | |
| Slow withdrawal of funds | The initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market | ||
| the broker is tailored exclusively for the US futures and options markets | |||
| a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required | |||
| Chat and phones contacts are missing |
Tickmill vs Oanda vs NinjaTrader: Safety and Regulation
| Regulated By: | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 €100,000 (DE) |
£85,000 SGD 75,000 $500,000 |
£85,000 SGD 75,000 $500,000 |
FCA UK Regulation |
Yes |
Yes |
Yes |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
No |
Yes |
Yes |
CFTC (U.S) |
No |
Yes |
Yes |
MAS |
No |
Yes |
Yes |
FSCA SA |
Yes |
No |
No |
BVI FSC |
No |
Yes |
Yes |
VFSC |
No |
No |
No |
FSA (Seychelles) |
Yes |
No |
No |
Tickmill vs Oanda vs NinjaTrader: Trading Conditions
| Trading Conditions | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Minimum Deposit |
$100 |
No minimum deposit |
For futures - $400, for Forex - $50 |
Trading Platforms |
MT4, MT5 |
MT4, OANDA, TradingView |
Ninjatrader |
Max Leverage (Futures) |
1-500 |
1-50 |
None |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX |
Trading assets |
200+ |
120+ |
100+ |
Trading Accounts |
Classic, Pro, VIP, Demo |
Standard, Core, and Swap-free |
Futures account, Forex account, affiliates’ accounts |
Base Account Currencies |
USD, EUR, GBP |
USD, EUR, HKD, SGD |
EUR, USD |
Tickmill vs Oanda vs NinjaTrader: Fees
| Fee | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
1,0 |
0,1 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,6 |
0,5 |
0,5 |
ECN Commission |
3 |
3,5 |
3,5 |
ECN Spread EUR/USD |
0,1 |
0,15 |
0,15 |
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
No |
No |
Withdrawal fee, USD |
No |
0-15 |
0-15 |
Inactivity fee, $ |
No |
No |
No |
Tickmill vs Oanda vs NinjaTrader: Trading Assets
| Asset Name | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Overall |
200+ |
120+trading assets |
100+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
No |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
Yes (CFD) |
No |
ETFs |
Yes (CFD) |
No |
No |
Bonds |
Yes (CFD) |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
Yes |
Binary Options |
No |
No |
No |
Tickmill or Oanda or NinjaTrader: Investment Programs
| Asset Name | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
No |
MAM/PAMM |
No |
No |
No |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: Tickmill or Oanda or NinjaTrader
| Tickmill | Oanda | NinjaTrader | |
|---|---|---|---|
MT4 |
Yes |
Yes |
No |
MT5 |
Yes |
Yes |
No |
cTrader |
No |
No |
No |
Appropriate platform |
No |
Oanda |
NinjaTrader |
Others |
No |
No |
No |
|
|
|
Tickmill vs Oanda vs NinjaTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
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 |
No |
No |
Tickmill vs Oanda vs NinjaTrader: Research
| Research Type | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
News Feed |
Yes |
Yes |
No |
Fundamental Data |
Yes |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
No |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
No |
Tickmill vs Oanda vs NinjaTrader: Education
| Education Type | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
Yes |
Yes |
No |
Articles |
Yes |
Yes |
No |
Videos |
Yes |
Yes |
Yes |
Cent account |
Yes |
Yes |
No |
Tickmill vs Oanda vs NinjaTrader: Support
| Support Features | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
No |
No |
Tickmill vs Oanda vs NinjaTrader: Forex Bonuses and Promo
| Promo | Tickmill | Oanda | NinjaTrader |
|---|---|---|---|
Forex Bonus |
$30 welcome bonus |
Yes (Not for all countries) |
No |
Affiliate Program |
Yes |
Yes |
No |
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 Oanda
-
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.
-
Comment
I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.
Top 5 Reviews on NinjaTrader
-
Comment
I requested a withdrawal from Ninja Trader at the end of the day and received my funds quickly without any delay or problem. I was pleasantly surprised by the transaction speed, especially considering that some companies delay payments for several months. Moreover, I make good profits trading on the Ninja Trader platform, which works flawlessly if you have trading experience, of course.
-
Comment
Whether it is worth opening an account with Ninjatrader is a rhetorical question. Perhaps this makes sense for professional traders from the USA: the broker is regulated by the NFA, has been operating since 2003 and offers the use of ready-made trading systems, so for lovers of automatic trading, that’s it. There are no complaints about the functionality of the terminal. But at the same time, trading and non-trading costs ... To put it mildly, unprofitable. Not only is there a withdrawal fee, but taxes also need to be paid. For beginners and those who trade in small volumes, this is unprofitable. And finally: to trade futures in Ninjatrader, you need to deposit at least $400, for Forex - $50.
-
Comment
After a simple registration, I could choose a standard or demo trading account. By choosing a demo account, I received a deposit of 100,000 virtual dollars. So, you’ll be able to hone your trading skills and try out strategies without the risk of losing funds. Also, a demo account allows you to check the quality of services and the functionality of the platform. I have tried many brokers and Ninja Trader is the best so far. Execution is lightning-fast, there are no hidden fees, and they have unreal trading conditions. I need to have constant access to the trading platform. That is why a mobile application is a real catch. Thus, I can trade using my smartphone. At the moment, both versions for Android and iOS are available. The application allows you to see the activity feed of other traders in real-time, get acquainted with the cost of various financial instruments, track the status of a trading account and interact with other traders using a social network. I’m in the right frame of m
-
Comment
They have an affiliate program that has been developed for active traders like myself who want to receive passive income. Thus, the client can advertise the project and receive a monetary reward for it. I love it. When I was undecided, this broker allowed me to trade and earn money. It was a breaking point. The platform provides services for online transactions in commodities, currencies, stocks, and indices. Users receive a financial platform that is suitable for both the professional and the beginner. Each trader needs to read the rules before registering. Moreover, tons of instruments are provided for traders. Besides, I liked that Ninja Trader has a demo account. The advantage of a demo account is that the client can try his hand and trade without the risk of losing funds. Also, for the convenience of traders, a mobile application was created that provides access to the platform 24/7. Break a leg, guys.
-
Comment
I have experience working with various brokers, and in the end, for one reason or another, I felt blue. I switched to this broker on the advice of a friend. I started trading here several months ago. I now trade on a real account. I have no complaints and I do not plan to switch from Ninja Trader. This broker meets my main requirements. And the technical support is running savoir-faire. If I need their professional help and sound advice, they will solve my problems.
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.