Tickmill versus IC Markets

Tickmill and IC Markets maintain highly competitive trading conditions for high-frequency, high volume-traders with many similarities between their core offerings. Tickmill upgrades MT4/MT5 with its 13-plugin Advanced Trader Toolkit, but IC Markets trumps it with its 20-plugin MT4 Advanced Trading Tools upgrade. While Tickmill also features the Autochartist plugin, IC Markets has the cTrader trading platform as an alternative.

Traders will benefit from low trading costs, high leverage, and fast order execution at both brokers. Tickmill and IC Markets support algorithmic trading, where IC Markets remains the industry leader. Social traders get services by Myfxbook AutoTrade at both brokers, but Tickmill also offers the lesser-known Pelican Trading.

I have conducted an in-depth review of Tickmill and IC Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Tickmill versus IC Markets - Verdict

Features and Platforms

Features & Platforms	IC Markets (visit site)	Tickmill (visit site)
Headquarter:	Australia	Seychelles
Established :	2010	2014
Retail Loss Rate:	74.32%	70.00%
Regulation:
Minimum Deposit:	$200	$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:		Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	15	10
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Excellent MT4 trading tools	Outstanding trading costs
Unique Feature Two:	Superior trade execution	Quality research and education
Broker Offers:	See what IC Markets offers	See what Tickmill offers

Noteworthy:

Instead of an inactivity fee, Tickmill closes dormant accounts with a balance below $10 to donate proceeds to charity. IC Markets supports asset managers with MAM/PAMM accounts and offers high-quality education and research versus Tickmill.

Available Markets

Tickmill maintains broad-based sector coverage but low-quantity assets, except for its 62 currency pairs. Therefore, it suits as an introduction to financial markets and serves focused trading strategies. IC Markets takes the overall lead with its excellent, well-balanced asset selection, where the bulk consists of 1,650+ equity CFDs and 61 currency pairs.

Typical Spreads and Fees

Competitive costs exist at both Tickmill and IC Markets, where the former has lower commissions, but average trading fees are similar. IC markets has notably lower commission-free costs, priced at $0.04 per share for US equities.