Tickmill versus Octa

Traders at Tickmill get the core MT4/MT5 trading platforms, which receive the Advanced Trader Toolkit upgrade consisting of 13 plugins. Autochartist is also available, and the Acuity Trading Tool offers sentiment analysis from the Dow Jones news feed. Tickmill offers social traders services by Myfxbook AutoTrade and Pelican Trading.

Octa became a leading social trading broker with its proprietary copy trading service and user-friendly mobile app catering to 10M+ accounts. Traders may choose between the out-of-the-box MT4/MT5 trading platforms upgraded with the Autochartist plugin.

Quality education and market research for beginners are available at both brokers, but Octa also provides generous bonuses and caters better to its core market.

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

Features and Platforms

Features & PlatformsOcta (visit site)Tickmill (visit site)
Headquarter:St. Vincent and the GrenadinesSeychelles
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:
Low trading costsOutstanding trading costs
Unique Feature Two:
Autochartist pluginQuality research and education
Broker Offers:


Tickmill closes dormant accounts with an account balance of $10 or less or a currency equivalent and donates the proceeds to charity. Octa rewards its active traders with lucrative giveaways based on overall trading volume.

Available Markets

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

Tickmill recently expanded its asset selection to include equity CFDs. It now covers most sectors but with insufficient trading instruments. While Forex traders get the best exposure, Tickmill provides sector introductions inadequate for demanding traders. Octa follows a similar asset structure, except for its broader cryptocurrency selection, ideal for its core trader base.

Typical Spreads and Fees

Typical Spreads & FeesOctaTickmill
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
0.6 pips1.6 pips
Minimum Commission for Forex:
Commission-free$4.00 per round lot
Commission for CFDs/DMA:
Not applicableCommission-free
Commission Rebates:
Execution Type:
Market MakerMarket Maker/ECN Hybrid

Tickmill maintains one of the cheapest commission-based pricing environments, while Octa follows suit with its commission-free offer. Overall costs are lower at Tickmill, but both brokers rank among the leading low-cost Forex brokers industry wide. Octa features swap-free trading in its MT5 account, while volume-based rebate programs exist at both brokers.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
St. Vincent and the Grenadines


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

Both brokers segregate client deposits from corporate funds and offer negative balance protection. While Tickmill maintains a clean regulatory track record in five jurisdictions, Octa operates branches in Cyprus, regulated by CySEC, and in St. Vincent and the Grenadines.

Octa vs Tickmill – Verdict


Low minimum deposit and high leverage up to 1:500Limited overall asset selection
Swap-free trading in the Octa MT5 account
Competitive selection of cryptocurrencies
Large trading community and proprietary copy trading service


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

Tickmill and Octa rank as well-established international multi-asset brokers. While Tickmill ranked higher in the overall score, it was solely related to its broader asset selection. Octa remains a superior broker as it caters to better to its core market, approaching it with a deep understanding of its requirements. Tickmill providers higher quality trading tools and better trading platforms due to extensive third-party upgrades, but the swap-free MT5 offer delivers traders a notable edge at Octa.

You might also be interested in reviewing the below broker comparisons:

Read full Octa Review
Read full Tickmill Review


Is Tickmill a legit broker?

Tickmill is a legit broker with regulatory licenses in five jurisdictions, where it maintains a clean track record.

Is Tickmill good for scalping?

Tickmill offers high leverage and low trading costs, so is an ideal broker for scalping.

How long does it take to withdraw from Tickmill?

Tickmill processes withdrawal requests within 24 hours, but it can take up to eight business days for traders to receive funds, depending upon the payment processor used.

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