Tickmill versus Eightcap
Eightcap offers traders the core MT4/MT5, supporting algorithmic and social trading. It upgrades them via the Amazing Trader plugin and access to the active TradingView community. The cutting-edge Capitalise AI service provides traders with a code-free environment to automate trading strategies. It recently added Cryptocrusher, a dedicated cryptocurrency solution.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Tickmill versus Eightcap - Verdict
Features and Platforms
| Features & Platforms | Eightcap (visit site) | Tickmill (visit site) |
 |  | |
| Headquarter: | Australia | Seychelles |
Established : | 2009 | 2014 |
Retail Loss Rate: | Undisclosed | 70.00% |
Regulation: | ||
Minimum Deposit: | $100 | $100 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | ||
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 13 | 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: | Innovative trading tools | Outstanding trading costs |
Unique Feature Two: | Competitive cost structure | Quality research and education |
Broker Offers: |
Noteworthy:
Both brokers offer VPS hosting, supporting algorithmic traders seeking 24/7 market access. While Tickmill does not charge an inactivity fee, it closes dormant accounts with less than $10 and donates the proceeds to charity.
Available Markets
| Available Markets | Eightcap | Tickmill |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:500 | 1:500 |
Maximum Pro Leverage: | 1:500 | 1:500 |
Eightcap offers trades 1,000+ trading instruments, including 250+ cryptocurrency CFDs, making it a leader in this category. Equity trading is available at both brokers, but the asset selection focuses on large-cap names trending on social media. Forex traders get better exposure at Tickmill, but Eightcap maintains an overall higher quality list of assets.
Typical Spreads and Fees
| Typical Spreads & Fees | Eightcap | Tickmill |
Minimum Raw Spreads: | 0.0 pips | 0.0 pips |
Minimum Standard Spreads: | 1.0 pips | 1.6 pips |
Minimum Commission for Forex: | $7.00 per round lot | $4.00 per round lot |
Commission for CFDs/DMA: | Commission-free | Commission-free |
Commission Rebates: | No | Yes |
Execution Type: | Market Maker/ECN Hybrid | Market Maker/ECN Hybrid |
Traders preferring a commission-free cost structure get lower costs at Eightcap. The commission-based alternatives at Eightcap and Tickmill are competitive. Tickmill takes the lead with notably lower commissions and a volume-based rebate program, making it a better choice for active, high-volume traders.
Security and Trust
Eightcap
| Country of the Regulator | Name of the Regulator | License Number |
Australia | Australian Securities & Investments Commission | 391441 |
The Bahamas | Securities Commission of The Bahamas | 40377 |
UK | Financial Conduct Authority | 921296 |
Cyprus | Cyprus Securities and Exchange Commission | 246/14 |
St. Vincent and the Grenadines | Financial Services Authority | Unregulated but duly registered |
Tickmill
| Country of the Regulator | Name of the Regulator | License Number |
Seychelles | Seychelles Financial Services Authority | SD008 |
UK | Financial Conduct Authority | FCA Registration Number 717270 |
Cyprus | Cyprus Securities and Exchange Commission | License Number 278/15 |
Labuan (Malaysia) | Labuan Financial Services Authority | License number MB/18/0028 |
South Africa | Financial Sector Conduct Authority | License number FSP 49464 |
Eightcap and Tickmill segregate client deposits from corporate funds, offer negative balance protection, and maintain a clean regulatory record. Both brokers have subsidiaries, one in the UK and one in Cyprus, offering investor compensation funds. Eightcap and Tickmill provide equally secure, trustworthy, and reliable trading environments.
Eightcap vs Tickmill – Verdict
Eightcap
| Pros | Cons |
| Innovative trading tools focused on algorithmic trading | Below-average Forex selection |
| Balanced asset selection and leading cryptocurrency broker | |
| Competitive commission-based cost structure and deep liquidity | |
| Quality educational content and research for beginner traders |
Tickmill
| Pros | Cons |
| Outstanding trading costs and volume-based rebate program | Limited asset selection |
| Upgraded MT4/MT5 trading platforms plus Autochartist | |
| High-quality educational tools and daily research | |
| High leverage and choice of third-party social trading providers |
The trading environments at Eightcap and Tickmill are highly competitive. Traders get the MT4/MT5 trading platforms at both brokers, where Tickmill provides a broader upgrade package. However, Eightcap offer higher quality algorithmic trading tools. The asset selection is better at Eightcap, trading costs are lower at Tickmill, and both maintain quality education and research for beginner traders. Overall, Eightcap has the lead due to its support for algorithmic trading.
FAQs
How good is Tickmill?
Tickmill maintains a quality trading environment and ideal conditions for high-volume Forex traders due to low trading costs and its volume-based rebate program. Its upgraded MT4/MT5 and trading tools add to its appeal.
Is Tickmill a safe broker?
Tickmill ranks among the safest brokers industry-wide, as it complies with five regulators and has a clean track record.
Is Tickmill regulated in the UK?
Tickmill has a regulatory license and office in the UK.
Tickmill has a regulatory license and office in the UK.
Tickmill processes withdrawal requests within one business day, but it can take three to seven days for traders to receive their funds, dependent on the payment processor.
Can I use Tickmill in India?
Tickmill lists no restrictions on Indian traders and accepts account applications from India.