Tickmill versus XM

Tickmill offers traders the 13-plugin Advanced Trader Toolkit, a competitive MT4/MT5 upgrade, resulting in a cutting-edge trading experience. It also has the Autochartist plugin, the Acuity Trading Tool, providing sentiment analysis from the Dow Jones news feed, and Myfxbook AutoTrade and Pelican Trading, third-party social trading providers.

The MT4/MT5 trading platforms also receive a much-needed upgrade at XM but to a lesser extent. It shines with its balanced asset selection, excellent order execution, low minimum deposits, generous bonuses, and low-cost commission-free pricing environment, as confirmed by 5M+ traders from 190 countries.

Both brokers offer quality education and market research, but XM presents a more mature product and services portfolio.

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

Features and Platforms

Features & PlatformsXM (visit site)Tickmill (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after 90 days
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:
Excellent order executionQuality research and education
Broker Offers:


High-frequency traders receive a better volume-based reward program at XM versus Tickmill. Instead of an inactivity fee, Tickmill closes dormant accounts with an account balance of less than $10 and donates the proceeds to charity.

Available Markets

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

Tickmill covers most sectors following its recent expansion. Rather than offering traders broad-based exposure, only a limited choice of assets is offered. This can suffice as a sector introduction for beginners and focused strategies. Forex traders get the best market breadth at XM, which takes the overall lead due to its balanced equity-focused asset selection.

Typical Spreads and Fees

Typical Spreads & FeesXMTickmill
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:
0.10% (CFDs commission-free)Commission-free
Commission Rebates:
Execution Type:
Market MakerMarket Maker/ECN Hybrid

Both brokers offer Forex traders competitive pricing environments, Tickmill with a commission-based cost structure and XM with commission-free trading. Equity trading remains commission-free at Tickmill, while XM charges the industry-standard 0.10%. Traders can achieve lower core trading costs at Tickmill, but high-volume, high-frequency traders lower overall fees at XM.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
International Financial Services Commission000261/158
Financial Conduct Authority705428
Cyprus Securities and Exchange Commission120/10 and 256/14
Australian Securities and Investment Commission443670
Dubai Financial Services AuthorityF003484
Securities Commission of the BahamasSIA-F201
Commodity Futures Trading Commission / National Futures AssociationNFA #0516820


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

From a security and trust perspective, both brokers remain flawless and exemplary. Tickmill and XM segregate client deposits from corporate funds and offer negative balance protection with clean track records across multiple jurisdictions. Both rank among the most trusted Forex brokers.

XM vs Tickmill – Verdict


Well balanced overall asset selection Limited cryptocurrency selection
Upgraded MT4/MT5 trading accounts with excellent order execution statistics
Low minimum deposit of $5 and maximum leverage of 1:888
Competitive commission-free trading costs from $6.00 per 1.0 standard lot


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

While Tickmill and XM offer traders a quality trading environment, XM offers an overall advantage to most traders. Tickmill has better MT4/MT5 upgrades and low trading costs, but the XM reward program creates cost savings for high-volume, high-frequency traders. XM also presents a notably broader choice of trading instruments, supporting more trading strategies than Tickmill, which remains a Forex broker at the core. XM also shines with higher-quality education and research.

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

Read full XM Review
Read full Tickmill Review


Is Tickmill a legit broker?

Tickmill maintains five regulatory licenses with a clean track record, making it a legit broker.

Which is the most reliable Forex broker?

The list grows continuously, but Tickmill and XM rank high on it.

How long does it take to withdraw from Tickmill?

While Tickmill processes withdrawal requests within 24 hours, it can take up to eight business days, depending upon the payment processor.

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