Tickmill vs. Exness
Tickmill & Exness Comparison
Tickmill and Exness are leading global Forex brokers, but which one should you trust with your Forex portfolio?
I have conducted an in-depth review of Tickmill vs. Exness to determine which is the better overall choice and which types of traders will benefit most from each broker.
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Headquarters | Cyprus | Seychelles |
Regulators | CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | CySEC, FCA, FSA, FSCA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2008 | 2014 |
Execution Type(s) | Market Maker | ECN/STP, Market Maker |
Minimum Deposit | $10 (based on the account type) | €100 |
Negative Balance Protection | N/A | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, Web-based |
Average Trading Cost EUR/USD | 0.6 pips | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 0.7 pips | 0.3 pips ($3.00) |
Average Trading Cost WTI Crude Oil | 1.7 pips | $0.04 |
Average Trading Cost Gold | 12.5 pips | $0.09 |
Retail Loss Rate | Undisclosed | N/A |
Minimum Raw Spreads | 0.0 pips | N/A |
Minimum Standard Spreads | 0.3 pips | N/A |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
Get Started | Get Started |
A snapshot of the most notable advantages found within our Tickmill broker review:
- Capitalise AI for code-free algorithmic trading in MT5.
- 28-plugin upgrade for MT4/MT5 plus Autochartist.
- 625M+ trades executed
- No requotes and average order execution of 20 milliseconds.
- Acuity Trading Tool for MT4/MT5, including actionable trading signals.
- MAM module for multi-account management.
- VPS hosting for 24/5 low-latency Forex trading.
- API trading
A snapshot of the most notable advantages found within our Exness broker review:
- Ultra-low trading fees.
- Swap-free trading on all Forex majors, most Forex minors, gold, crypto, and indices.
- $5+ trillion in monthly trading volume.
- 1.9 billion executed trades in 2023.
- 800,000+ active traders
- 64,000+ partners
- Instant withdrawals
- VPS hosting and API trading
- Deep liquidity and excellent order execution.
Features & Platforms
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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 | ||
Get Started | Get Started |
Available Markets
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Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Futures | ||
Synthetics | ||
Get Started | Get Started |
Traders get a balanced asset selection at both Forex brokers. Tickmill covers more sectors, but here is why Exness is a better choice for Forex traders:
- More currency pairs than Tickmill.
- Flexible leverage settings.
- Swap-free trading on all Forex majors and crypto CFDs.
- Cryptocurrency CFDs with multiple Bitcoin-fiat crosses, ideal for Forex traders.
Typical Spreads & Fees
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Average Trading Cost EUR/USD | 0.6 pips | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 0.7 pips | 0.3 pips ($3.00) |
Average Trading Cost WTI Crude Oil | 1.7 pips | $0.04 |
Average Trading Cost Gold | 12.5 pips | $0.09 |
Average Trading Cost Bitcoin | 206.7 pips | $24.90 |
Minimum Raw Spreads | 0.0 pips | N/A |
Minimum Standard Spreads | 0.3 pips | N/A |
Minimum Commission for Forex | $7.00 per 1.0 standard round lot | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | No | N/A |
Get Started | Get Started |
Tickmill and Exness offer commission-free and commission-based trading fees, but which Forex broker is cheaper?
Trading fees at Exness are significantly lower, making it the clear winner in this category. Even after volume-based rebates, Tickmill is over 95% more expensive.
Account Types
Both brokers offer demo accounts and swap-free trading accounts, but Exness makes swap-free trading available to all traders within its account types as well as offering a demo account.
Are there any other noteworthy differences in the account structure between Tickmill vs. Exness?
Primary Account Structure Differences
- Tickmill offers more value-added services and has a $30 no-deposit welcome account.
- Exness has more account type choices.
- Exness has lower trading fees, resulting in more profits per trade.
Minimum Deposit
How Difficult Is It to Deposit at Tickmill Vs. Exness? H3
Tickmill requires a $100 minimum deposit versus $0 at Exness, where the payment processor determines the minimum transaction value. However, the best-priced accounts require a $500 deposit.
Both brokers make depositing easy, but Exness is better as it has no minimum requirement and supports more currencies.
Minimum Withdrawal
Which Withdrawal Process Is Better: Tickmill or Exness?
Tickmill has a reasonable minimum withdrawal amount of $25, or a currency equivalent, and fast withdrawal processing times. While only a few brokers can trump the withdrawal process at Tickmill, Exness has no minimum withdrawal amounts and features instant to near-instant withdrawals without manual approval for verified Forex traders and payment processors.
Security & Trust
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Country of the Regulator | Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao | United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan |
Name of the Regulator | CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA | CySEC, FCA, FSA, FSCA |
Regulatory License Number | SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 | 717270, 278/15, F007663, 49464, SD008, MB/18/0028 |
Regulatory Tier | N/A | 1, 1, 2, 2, 4, 5 |
Get Started | Get Started |
Which Broker Is More Secure and Trustworthy?
Tickmill and Exness are well-established brokers with an excellent track record spanning 10+ years. They comply with numerous reputable regulators, provide negative balance protection, and segregate client deposits from corporate funds. Exness is also a Hong Kong-based Financial Commission member, extending an investor compensation fund of up to €20,000 for all traders. Given their operational excellence, I rank Tickmill and Exness equally well regarding security and trust.
Tickmill versus Exness Verdict
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 | |
Competitive Leverage and Acuity Trading Tools |
Exness
Pros | Cons |
Instant withdrawals from a trusted broker with numerous payment processors | No beginner education |
High level of transparency and financial audits by Big Four accountancy Deloitte | |
Multi-regulated broker with outstanding order and volume statistics | |
24/7 multi-lingual customer service |
Which Forex Broker Is Better?
The trading environments at Tickmill and Exness are highly competitive. Both rank among the best Forex brokers with deep liquidity and ultra-low-latency order execution. Tickmill offers more value-added services and trading tools than Exness, which shines with its order execution.
My Verdict
Tickmill is a highly competitive Forex broker, but Exness provides traders with ultra-low Forex trading fees, including swap-free trading, making it a better choice.
FAQs
Is Exness banned in the USA?
Exness is not banned in the US, but US-resident traders are not accepted as clients.
Is Exness fake?
Exness is a legitimate broker, operational since 2008, compliant with six regulators, has an impeccable track record, and is a member of the Hong Kong-based Financial Commission.
How risky is Exness?
Exness does not pose any risk, but traders face risks primarily from their lack of knowledge and misunderstanding of financial markets.
Is Tickmill a good broker?
Tickmill is an excellent broker with several cutting-edge trading tools that ensure Forex traders have a competitive edge. They include Capitalise AI for code-free algorithmic trading, 28 plugins for MT4/MT5, Autochartist, and Acuity Trading Tools.
Which broker is better than Exness?
Some traders may find individual aspects better at other brokers than Exness, but Exness ranks among the leading Forex brokers in all core categories necessary for competitive Forex trading conditions.