Tickmill versus FP Markets

Traders at FP Markets get upgraded MT4/MT5 trading platforms, featuring twelve plugins and Autochartist, while the geographically restricted Iress trading platform is also available. FP Markets maintains a competitive trading environment for social and copy traders, presenting its proprietary social trading service alongside Myfxbook Autotrade and embedded MT4/MT5 solutions. MAM/PAMM modules cater to asset managers.

Tickmill presents MT4/MT5 traders with its 13-plugin Advanced Trader Toolkit and Autochartist. Social traders can use Myfxbook AutoTrade and Pelican Trading, besides the MT4/MT5 copy trading platform. Tickmill also has the Acuity Trading Tool, which provides sentiment analysis from the Dow Jones news feed, plus bonuses and promotions.

We have conducted an in-depth review of FP Markets and Tickmill to determine which 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 FP Markets - Verdict

Headquarters	Australia	Seychelles
Regulators	ASIC, CMA, CySEC, FSCA	CySEC, FCA, FSA, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2005	2014
Execution Type(s)	ECN/STP	ECN/STP, Market Maker
Minimum Deposit	$100	€100
Negative Balance Protection		N/A
Trading Platform(s)	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based	MetaTrader 4, MetaTrader 5, Web-based
Average Trading Cost EUR/USD	1.2 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	1.4 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$0.02	$0.04
Average Trading Cost Gold	$0.16	$0.09
Retail Loss Rate	70.70%	N/A
Minimum Raw Spreads	0.0 pips	N/A
Minimum Standard Spreads	1.0 pips	N/A
Minimum Commission for Forex	$6.00 per Round Lot	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

Quality education and research are available at both FP Markets and Tickmill, and both have VPS hosting for algorithmic traders. Tickmill closes dormant accounts with less than $10 and donates the proceeds to charity.

Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds		N/A
ETFs
Options		N/A
Futures
Synthetics
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Forex traders get 60+ currency pairs at FP Markets and Tickmill, but the overall asset selection for MT5 remains broader at FP Markets. Traders at FP Markets with access to the Iress trading platform get a notably more comprehensive equity selection of 10,000+ assets. Cryptocurrencies remain underrepresented at FP Markets and Tickmill.

Typical Spreads and Fees

Average Trading Cost EUR/USD	1.2 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	1.4 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$0.02	$0.04
Average Trading Cost Gold	$0.16	$0.09
Average Trading Cost Bitcoin	$21.08	$24.90
Minimum Raw Spreads	0.0 pips	N/A
Minimum Standard Spreads	1.0 pips	N/A
Minimum Commission for Forex	$6.00 per Round Lot	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	No	N/A
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FP Markets has an edge in its commission-free accounts. Tickmill presents a notable advantage in its commission-based alternative with minimum fees of $4.00 versus $6.00 at FP Markets. The pricing advantage magnifies through its volume-based rebate program.

Security and Trust

Country of the Regulator	Australia, Cyprus, Kenya, South Africa	United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan
Name of the Regulator	ASIC, CMA, CySEC, FSCA	CySEC, FCA, FSA, FSCA
Regulatory License Number	286354, 103, 371/18, 50926	717270, 278/15, F007663, 49464, SD008, MB/18/0028
Regulatory Tier	N/A	1, 1, 2, 2, 4, 5
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The security and trust environments at FP Markets and Tickmill are equally good. Both brokers segregate client deposits from corporate funds, offer negative balance protection, and operate a Cyprus subsidiary where an investor compensation fund exists. FP Markets caters to most clients from its unregulated but duly registered St. Vincent and the Grenadines subsidiary.

FP Markets vs Tickmill – Verdict

FP Markets

Pros	Cons
Choice of trading platforms and auxiliary trading tools	Availability of Iress geographically restricted
Very competitive cost structure and excellent asset selection	Limited commodities and metals selection
Low minimum deposit requirement and leverage of up to 1:500
Well-regulated and trustworthy

Tickmill

Pros	Cons
Outstanding trading costs and volume-based rebate program	Limited overall 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 FP Markets offer upgraded MT4/MT5 platforms, where traders get a broader choice of assets at the former and notably lower costs at the latter, which is an ideal broker for scalpers. FP Markets takes the lead due to its equity selection in its Iress trading platform, exceeding 10,000, and MAM/PAMM accounts. Social traders get a better service due to the proprietary FP Markets social trading service.

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

• Tickmill vs Eightcap
• Tickmill vs Libertex
• Tickmill vs IC Markets
• FP Markets vs BlackBull
• FP Markets vs Pepperstone
• FP Markets vs eToro

Read full Tickmill Review

Read full FP Markets Review