Tickmill versus FP Markets
Traders at FP Markets get upgraded MT4/MT5 trading platforms, featuring twelve plugins and Autochartist, while the geographically restricted Iress trading platform is also available. FP Markets maintains a competitive trading environment for social and copy traders, presenting its proprietary social trading service alongside Myfxbook Autotrade and embedded MT4/MT5 solutions. MAM/PAMM modules cater to asset managers.
Tickmill presents MT4/MT5 traders with its 13-plugin Advanced Trader Toolkit and Autochartist. Social traders can use Myfxbook AutoTrade and Pelican Trading, besides the MT4/MT5 copy trading platform. Tickmill also has the Acuity Trading Tool, which provides sentiment analysis from the Dow Jones news feed, plus bonuses and promotions.
We have conducted an in-depth review of FP Markets and Tickmill to determine which 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 FP Markets - Verdict
Features and Platforms
| Features & Platforms | FP Markets (visit site) | Tickmill (visit site) |
 |  | |
| Headquarter: | Australia | Seychelles |
Established : | 2005 | 2014 |
Retail Loss Rate: | 75.31% | 70.00% |
Regulation: | ||
Minimum Deposit: | $100 | $100 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | No | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 21 | 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: | VPS Hosting | Outstanding trading costs |
Unique Feature Two: | MT4/MT5 plugins + Autochartist | Quality research and education |
Broker Offers: |
Noteworthy:
Quality education and research are available at both FP Markets and Tickmill, and both have VPS hosting for algorithmic traders. Tickmill closes dormant accounts with less than $10 and donates the proceeds to charity.
Available Markets
| Available Markets | FP Markets | 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 |
Forex traders get 60+ currency pairs at FP Markets and Tickmill, but the overall asset selection for MT5 remains broader at FP Markets. Traders at FP Markets with access to the Iress trading platform get a notably more comprehensive equity selection of 10,000+ assets. Cryptocurrencies remain underrepresented at FP Markets and Tickmill.
Typical Spreads and Fees
| Typical Spreads & Fees | FP Markets | Tickmill |
Minimum Raw Spreads: | 0.0 pips | 0.0 pips |
Minimum Standard Spreads: | 1.0 pips | 1.6 pips |
Minimum Commission for Forex: | $6.00 per Round Lot | $4.00 per round lot |
Commission for Equities: | 0.10% with $10 minimum | Commission-free |
Rebates: | No | Yes |
Execution Type: | No Dealing Desk (NDD) | Market Maker/ECN Hybrid |
FP Markets has an edge in its commission-free accounts. Tickmill presents a notable advantage in its commission-based alternative with minimum fees of $4.00 versus $6.00 at FP Markets. The pricing advantage magnifies through its volume-based rebate program.
Security and Trust
FP Markets
| Country of the Regulator | Name of the Regulator | License Number |
Cyprus | Cyprus Securities and Exchange Commission | 371/18 |
Australia | Australian Securities & Investments Commission | 286354 |
St. Vincent and the Grenadines | Financial Services Authority | Unregulated |
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 |
The security and trust environments at FP Markets and Tickmill are equally good. Both brokers segregate client deposits from corporate funds, offer negative balance protection, and operate a Cyprus subsidiary where an investor compensation fund exists. FP Markets caters to most clients from its unregulated but duly registered St. Vincent and the Grenadines subsidiary.
FP Markets vs Tickmill – Verdict
FP Markets
| Pros | Cons |
| Choice of trading platforms and auxiliary trading tools | Availability of Iress geographically restricted |
| Very competitive cost structure and excellent asset selection | Limited commodities and metals selection |
| Low minimum deposit requirement and leverage of up to 1:500 | |
| Well-regulated and trustworthy |
Tickmill
| Pros | Cons |
| Outstanding trading costs and volume-based rebate program | Limited overall 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 |
Tickmill and FP Markets offer upgraded MT4/MT5 platforms, where traders get a broader choice of assets at the former and notably lower costs at the latter, which is an ideal broker for scalpers. FP Markets takes the lead due to its equity selection in its Iress trading platform, exceeding 10,000, and MAM/PAMM accounts. Social traders get a better service due to the proprietary FP Markets social trading service.
FAQs
Is Tickmill a good Forex broker?
Tickmill ranks among the most competitive brokers due to its choice of currency pairs, deep liquidity, low trading costs, upgraded MT4/MT5 trading platforms, and quality trading tools.
Does FP Markets have a ZAR account?
FP Markets does not have a ZAR account nor accepts deposits in ZAR but offers Forex trading in ZAR currency crosses.
Is FP Markets a trusted broker?
FP Markets earned a reputation as a trustworthy, reliable broker, has a clean regulatory track record, and has more than 15 years of operational experience.
Is FP Markets a regulated broker?
FP Markets has regulatory licenses in Australia and Cyprus but caters to most clients from its unregulated but duly registered St. Vincent and the Grenadines subsidiary.
Is Tickmill an ECN broker?
Tickmill is a highly competitive ECN broker but also offers one account type with a market maker model.
Is Tickmill good for scalping?
Given the deep liquidity, volume-based rebate program, and ultra-low trading costs, Tickmill ranks among the most competitive choices for scalpers.