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

Features & PlatformsIC Markets (visit site)Tickmill (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Withdrawal Fee
Funding Methods:
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 executionQuality research and education
Broker Offers:


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

Available MarketsIC MarketsTickmill
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

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

Typical Spreads & FeesIC MarketsTickmill
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
0.6 pips1.6 pips
Minimum Commission for Forex:
$6.00 per round lot$4.00 per round lot
Commission for CFDs/DMA:
$0.04 per round lot (US)Commission-free
Commission Rebates:
Execution Type:
Market Maker/ECNMarket Maker/ECN Hybrid

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.

Security and Trust

IC Markets

Country of the RegulatorName of the RegulatorLicense Number
Australian Securities & Investments Commission335692
Financial Services AuthoritySD018
Securities Commission of The BahamasSIA-F214
Cyprus Securities and Exchange Commission362/18


Country of the RegulatorName of the RegulatorLicense Number
Seychelles Financial Services AuthoritySD008
Financial Conduct AuthorityFCA Registration Number 717270
Seychelles Financial Services AuthorityLicense number SD008
Cyprus Securities and Exchange CommissionLicense Number 278/15
Labuan (Malaysia)
Labuan Financial Services AuthorityLicense number MB/18/0028
South Africa
Financial Sector Conduct AuthorityLicense number FSP 49464

Traders get an equally secure and trustworthy trading environment at both brokers. Tickmill and IC Markets provide negative balance protection, segregate client deposits from corporate funds, and both have exemplary regulatory track records, placing them among the most reliable brokers.

IC Markets vs Tickmill – Verdict

IC Markets

Excellent choice of trading platforms consisting of MT4/MT5, and cTraderMinimum deposit slightly higher but within a reasonable range
Market-leading MT4 upgrade package, MAM/PAMM accounts, and VPS hosting
Social trading support via Myfxbook, MetaTrader Signals, and ZuluTrade
Leverage of up to 1:500, deep liquidity, and superb trade execution


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

Traders will benefit from cutting-edge trading environments at Tickmill and IC Markets, featuring a similar core product and services portfolio. IC Markets maintains an overall higher quality portfolio, with superior MT4 upgrades, more trading platform choices, and notably more trading instruments, supporting all types of trading strategies and allowing proper cross-asset diversification. IC Markets also established itself as a leading algorithmic broker.

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Why is IC Markets the best?

IC Markets is well-regarded by many as it offers low trading costs, high leverage, upgraded trading platforms, and a well-balanced asset selection.

Which Forex broker has the tightest spread?

Numerous brokers are very competitive on spreads, including IC Markets and Tickmill.

Is IC Markets good for scalping?

Low trading costs, fast and efficient order execution, and high leverage make IC Markets a leading broker for scalpers.

Does IC Markets accept South African clients?

IC Markets accepts South African resident clients through its Seychelles subsidiary.

What is the minimum deposit for Tickmill?

The minimum deposit at Tickmill is $100.

Does IC Markets have a ZAR account?

IC Markets does not offer a ZAR account (AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF are available).

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