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

Headquarters	Cyprus	Seychelles
Regulators	ASIC, CySEC, DFSA, FSC Belize	CySEC, FCA, FSA, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2009	2014
Execution Type(s)	Market Maker	ECN/STP, Market Maker
Minimum Deposit	$5	€100
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform	MetaTrader 4, MetaTrader 5, Web-based
Average Trading Cost EUR/USD	0.1 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	0.2 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$0.05	$0.04
Average Trading Cost Gold	$0.19	$0.09
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Get Started	Get Started

Features and Platforms

Noteworthy:

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

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Get Started	Get Started

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

Average Trading Cost EUR/USD	0.1 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	0.2 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$0.05	$0.04
Average Trading Cost Gold	$0.19	$0.09
Average Trading Cost Bitcoin	N/A	$24.90
	Get Started	Get Started

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 Regulator	United Arab Emirates, Australia, The Bahamas, Belize, Cyprus, United Kingdom, United States	United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan
Name of the Regulator	ASIC, CySEC, DFSA, FSC Belize	CySEC, FCA, FSA, FSCA
Regulatory License Number	705428, 120/10, 443670, 000261/397, F003484, SIA-F201, 0516820	717270, 278/15, F007663, 49464, SD008, MB/18/0028
Regulatory Tier	1,1,1,4,2,4,1	1, 1, 2, 2, 4, 5
	Get Started	Get Started

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

XM

Pros	Cons
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

Tickmill

Pros	Cons
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:

• Tickmill vs FP Markets
• Tickmill vs Eightcap
• Tickmill vs Libertex
• XM vs FXCM
• XM vs IC Markets
• XM vs LegacyFX

Read full XM Review

Read full Tickmill Review