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
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Tickmill versus Octa - Verdict

Features and Platforms

Features & Platforms	Octa (visit site)	Tickmill (visit site)
Headquarter:	St. Vincent and the Grenadines	Seychelles
Established :	2011	2014
Retail Loss Rate:	Undisclosed	70.00%
Regulation:	CySEC
Minimum Deposit:	$25	$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:	Third-Party	Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	6	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:	Low trading costs	Outstanding trading costs
Unique Feature Two:	Autochartist plugin	Quality research and education
Broker Offers:	See what Octa offers	See what Tickmill offers

Noteworthy:

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

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

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.