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. Traders may choose between OctaTrader with its unique Space feature that offers a built-in smart-feed, and 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

Headquarters	Comoros	Seychelles
Regulators	CySEC, FSCA, MWALI International Services Authority	CySEC, FCA, FSA, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2011	2014
Execution Type(s)	Market Maker	ECN/STP, Market Maker
Minimum Deposit	$25	€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	0.9 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	1.3 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$0.07	$0.04
Average Trading Cost Gold	$0.30	$0.09
Retail Loss Rate	67.65%	N/A
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.6 pips	N/A
Minimum Commission for Forex	Commission-free	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:

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

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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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

Average Trading Cost EUR/USD	0.9 pips	0.1 pips ($1.00)
Average Trading Cost GBP/USD	1.3 pips	0.3 pips ($3.00)
Average Trading Cost WTI Crude Oil	$0.07	$0.04
Average Trading Cost Gold	$0.30	$0.09
Average Trading Cost Bitcoin	$11	$24.90
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.6 pips	N/A
Minimum Commission for Forex	Commission-free	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	No	N/A
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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.

Security and Trust

Country of the Regulator	Cyprus, Comoros, South Africa	United Arab Emirates, Cyprus, Seychelles, United Kingdom, South Africa, Labuan
Name of the Regulator	CySEC, FSCA, MWALI International Services Authority	CySEC, FCA, FSA, FSCA
Regulatory License Number	372/18, 51913, HY00623410	717270, 278/15, F007663, 49464, SD008, MB/18/0028
Regulatory Tier	N/A	1, 1, 2, 2, 4, 5
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Both brokers segregate client deposits from corporate funds and offer negative balance protection. While Tickmill is regulated in five jurisdictions, Octa is regulated in Cyprus, by CySEC, in South Africa by the FSCA, and in Comoros, by MISA.

Octa vs Tickmill – Verdict

Octa

Pros	Cons
Low minimum deposit and high leverage up to 1:1000	Limited overall asset selection
Swap-free trading in the Octa MT5 account
Competitive selection of cryptocurrencies
Large trading community and proprietary copy trading service

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

Tickmill and Octa rank as well-established international multi-asset brokers. While Tickmill ranked higher in the overall score, it was solely related to its broader asset selection. Octa remains a superior broker as it caters to better to its core market, approaching it with a deep understanding of its requirements. Tickmill providers higher quality trading tools and better trading platforms due to extensive third-party upgrades, but the swap-free MT5 offer delivers traders a notable edge at Octa.

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

• Tickmill vs FP Markets
• Tickmill vs Eightcap
• Tickmill vs Libertex
• Oanda vs Avatrade
• Oanda vs Forex.com
• Oanda vs FXCM

Read full Octa Review

Read full Tickmill Review