TIOmarkets vs Tickmill - Fees Review included
Which broker is better TIOmarkets or Tickmill? Our expert assessment conducted according to TU’s own methodology showed that TIOmarkets is one of the top brokers in the financial market with the TU Overall Score of 4.27 out of 10. Tickmill is one of the top brokers in the financial market with the TU Overall Score of 8.37 out of 10. Find out more about TU Overall Score.
| Feature | TIOmarkets | Tickmill |
|---|---|---|
Overall |
3.6 |
4.6 |
5 |
4.9 |
|
3.1 |
4.9 |
|
2.9 |
4.1 |
|
Investment Instruments |
3.5 |
3.9 |
Platforms and Charting Tools |
4.5 |
4.2 |
Deposit and Withdrawal |
3.4 |
4.5 |
Research |
4.6 |
4.2 |
Education |
3.5 |
4.0 |
Support |
3.1 |
4.5 |
Bonuses |
1.9 |
4.6 |
|
|
|
TIOmarkets vs Tickmill: Pros and Cons
TIOmarkets - a UK-registered universal broker that actively promotes itself through an aggressive marketing policy. It has a strong analytical base and technology for finding signals using proprietary software. Have PAMM accounts
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.
| TIOmarkets | Tickmill | |
|---|---|---|
| Overall Pros | FCA regulation | Well-Regulated broker |
| There are auxiliary indicators: market sentiment, signal delivery service (when replenishing a deposit from 500 USD) | Ultra low ECN trading fees | |
| There is spread betting, the profit of which is not taxed | Any strategy is allowed | |
| no-deposit bonus $30 (only for international entety) | ||
| Free deposit and withdrawal | ||
| ECN trading account | ||
| Limited choice of trading assets | ||
| Overall Cons | The emphasis is not so much on technological advantages, but on advertising: affiliate programs, commission reduction under certain conditions, etc. |
TIOmarkets vs Tickmill: Safety and Regulation
| Regulated By: | TIOmarkets | Tickmill |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSCA (Seychelles), Malaysia |
TIOmarkets vs Tickmill: Trading Conditions
| Trading Conditions | TIOmarkets | Tickmill |
|---|---|---|
Minimum Deposit |
$50 |
$100 |
Trading Platforms |
МТ4, МТ5 |
MT4, MT5 |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, Commodities, Indices, stocks |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Trading assets |
300+ |
200+ |
Trading Accounts |
Standard, VIP, VIP Black |
Classic, Pro, VIP, Demo |
Base Account Currencies |
USD, GBP, EUR, CAD, AUD, CZK, ZAR (BTC, ETH, UST - for МТ5) |
USD, EUR, GBP |
TIOmarkets vs Tickmill: Fees
Forex Trading Fees
| Fee | TIOmarkets | Tickmill |
|---|---|---|
Standard Account EURUSD Average Spread |
From 0.5 Pips |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2-5 per lot |
$2 per lot |
ECN Account EUR Average Spread |
From 0 pips |
0.1 pip |
CFD Trading Fees
| Fee | TIOmarkets | Tickmill |
|---|---|---|
CFD Trading Fee |
Floating and raw spread |
Floating spread |
Non-Trading Fees
| Fee | TIOmarkets | Tickmill |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No (Fee if the amount is over 50 USD) |
No |
Withdrawal Fee |
No (Fee if the amount is over 50 USD - by cards and bank transfer). Yes - for Cryptocurrency |
No |
Inactivity Fee |
0.05 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
TIOmarkets vs Tickmill: Trading Assets
| Asset Name | TIOmarkets | Tickmill |
|---|---|---|
Overall |
300+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
TIOmarkets or Tickmill: Investment Programs
| Asset Name | TIOmarkets | Tickmill |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Tickmill or TIOmarkets
| TIOmarkets | Tickmill | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
TIOmarkets vs Tickmill: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | TIOmarkets | Tickmill |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
TIOmarkets vs Tickmill: Research
| Research Type | TIOmarkets | Tickmill |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
Yes |
TIOmarkets vs Tickmill: Education
| Education Type | TIOmarkets | Tickmill |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
Tickmill vs TIOmarkets: Support
| Support Features | TIOmarkets | Tickmill |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
feedback form |
No |
TIOmarkets vs Tickmill: Forex Bonuses and Promo
| Promo | TIOmarkets | Tickmill |
|---|---|---|
Forex Bonus |
No |
$30 welcome bonus |
Affiliate Program |
Affiliate program with flexible conditions: a fixed amount for each attracted referral, a percentage of the income from the referral, a hybrid model |
Yes |
Other Promos |
Trading contests |
|
|
|
|
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.
Top 5 Reviews on TIOmarkets
-
Comment
TIOmarkets is not my first broker, so I have something to say. With the previous broker, my trades simply disappeared and I couldn’t earn anything, I couldn’t even make a little money. I've been trading here for six months now. I checked the withdrawal, everything was on time. I trade currency pairs, orders are opened and closed on time. Spreads at TIOmarkets are overpriced, but everything else suits me.
-
Comment
I would say that TIOmarkets has an attitude towards its obligations. The trading platform disconnects from the server ten times during the day. How can one trade with the platform working like this? TIOmarkets’ support spent a month proving to me that my provider was to blame for everything, and I defended my rights. Time passed and nothing changed.
-
Comment
Although the broker TIO Markets is licensed by a regulatory authority, I would not recommend collaborating with this company. Trading in financial markets is already challenging with significant risks. However, when a company itself contributes negatively, the risks of deposit losses increase. TIO Markets may introduce changes such as reducing leverage without warning the trader. Consequently, all positions are closed, often resulting in losses.
-
Comment
When I was exploring TIOmarkets, I immediately realized that this was a dubious company. Judge for yourself - there is no normal regulator, registration is offshore, and it has not been on the market for long. When I started reading reviews of TIOmarkets, I understood that my assumptions were correct. This bucket-shop will take your money before you know it.
-
Comment
Currently, I'm trading with TIOmarkets, but I'm not satisfied with the trading experience. Orders are executed very slowly, often after the market has already turned. The commission percentage is inconsistent, which is entirely unclear to me. Lately, even the trading terminal has been experiencing significant issues. I find myself reloading the terminal multiple times a day. Overall, I'm considering switching from TIOmarkets to another broker.
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!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!