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
 |  | |
Headquarters | Australia | Seychelles |
Regulators | ASIC, CMA, CySEC, FSCA | CySEC, FCA, FSA, FSCA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2005 | 2014 |
Execution Type(s) | ECN/STP | ECN/STP, Market Maker |
Minimum Deposit | $100 | €100 |
Negative Balance Protection | N/A | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Web-based |
Average Trading Cost EUR/USD | 1.2 pips | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 1.4 pips | 0.3 pips ($3.00) |
Average Trading Cost WTI Crude Oil | $0.02 | $0.04 |
Average Trading Cost Gold | $0.16 | $0.09 |
Retail Loss Rate | 72.44% | N/A |
Minimum Raw Spreads | 0.0 pips | N/A |
Minimum Standard Spreads | 1.0 pips | N/A |
Minimum Commission for Forex | $6.00 per Round Lot | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
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
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website | Visit Website |
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
| | |
Average Trading Cost EUR/USD | 1.2 pips | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 1.4 pips | 0.3 pips ($3.00) |
Average Trading Cost WTI Crude Oil | $0.02 | $0.04 |
Average Trading Cost Gold | $0.16 | $0.09 |
Average Trading Cost Bitcoin | $21.08 | $24.90 |
Minimum Raw Spreads | 0.0 pips | N/A |
Minimum Standard Spreads | 1.0 pips | N/A |
Minimum Commission for Forex | $6.00 per Round Lot | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | No | N/A |
| Visit Website | Visit Website |
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
| | |
Country of the Regulator | Australia, Cyprus, Kenya, South Africa | United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan |
Name of the Regulator | ASIC, CMA, CySEC, FSCA | CySEC, FCA, FSA, FSCA |
Regulatory License Number | 286354, 103, 371/18, 50926 | 717270, 278/15, F007663, 49464, SD008, MB/18/0028 |
Regulatory Tier | N/A | 1, 1, 2, 2, 4, 5 |
| Visit Website | Visit Website |
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.
You might also be interested in reviewing the below broker comparisons:
- Tickmill vs Eightcap
- Tickmill vs Libertex
- Tickmill vs IC Markets
- FP Markets vs BlackBull
- FP Markets vs Pepperstone
- FP Markets vs eToro
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.