Written by ForexBrokers.com
In this head to head comparison of Tickmill vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tickmill and Eightcap are two notable names in the online brokerage industry. Founded in 2014 and 2009 respectively, neither of these brokers is publicly traded or operates as a bank. Tickmill holds two Tier-1 licenses, giving it a ForexBrokers.com Trust Score of 86, marking it as a trusted platform. It further enhances its regulatory standing with two additional Tier-2 licenses. In contrast, Eightcap, holding three Tier-1 licenses, boasts a Trust Score of 85. However, it lacks Tier-2 licenses that are generally considered indicators of trust. Both brokers are viewed as trusted platforms, forming reliable choices for traders seeking regulated options in the forex market.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers Tickmill and Eightcap in terms of commissions and fees, Tickmill stands out for its cost-effective options for traders. With a 5-star rating for commissions and fees, Tickmill offers two account types: the Classic account, which is commission-free and solely charges the bid/ask spread, and the Raw account. The Raw account has recently seen an increase in its per-side commission, rising to $3 from the previous $2, equating to $6 per standard lot. Nonetheless, Tickmill remains a top choice for active traders, ranking 4th out of 63 brokers assessed by ForexBrokers.com due to its low average spreads and competitive all-in costs.
Eightcap, on the other hand, presents two account types with differing fee structures. Traders can choose between a commission-based Raw account and a spread-only Standard account. The Raw account maintains an average spread of 0.06 pips, but when the per-side commission of $3.50 is included, the all-in cost amounts to approximately 0.76 pips—just under the industry average of 0.8 pips. Despite its competitive pricing, Eightcap is slightly more expensive than some of the lowest-cost forex brokers, earning a 4-star rating for commissions and fees and placing 26th in the ForexBrokers.com ranking.
In conclusion, while both brokers offer competitive fee structures, Tickmill might appeal more to active traders due to its favorable spread and commission setup, reflected in its higher star rating and ranking. Eightcap provides a balanced offering with slightly higher costs, making both brokers viable options depending on individual trading strategies and preferences.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.51 | 1.0 |
| All-in Cost EUR/USD - Active | 0.31 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Tickmill and Eightcap, both online brokers make forex trading accessible by offering CFDs and spot contracts. Tickmill provides access to 725 symbols, whereas Eightcap offers a slightly larger variety with 800 symbols. For forex enthusiasts, Tickmill has the edge with 63 tradable pairs compared to Eightcap's 56. However, neither platform supports the purchase of exchange-traded securities, such as Apple or Vodafone shares, on either U.S. or international exchanges.
Both brokers allow for copy trading, catering to those interested in mimicking successful trading strategies. If cryptocurrencies are your focus, it's key to note that while neither Tickmill nor Eightcap enables the purchase of actual cryptocurrencies, they both offer cryptocurrency derivatives. In terms of their investment range, both brokers receive a 3.5 out of 5-star rating. However, in a ranking by ForexBrokers.com, Eightcap slightly outpaces Tickmill, coming in at #40, while Tickmill ranks at #42 among 63 brokers for their range of investments.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 800 |
| Forex Pairs (Total) | 63 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Tickmill and Eightcap both cater to traders by offering a range of trading platforms and tools designed to facilitate seamless trading experiences. Both brokers provide users with the ability to engage in simulated paper trading through free virtual demo accounts, allowing new and experienced traders to test strategies without financial risks. For those who prefer not to trade on proprietary platforms, neither broker offers one developed in-house, yet both support widely-used platforms like MetaTrader 4 and MetaTrader 5. Users can access platforms via Windows-based desktop downloads or web-based browser interfaces, delivering flexibility whether you're at home or on the go.
Further enhancing trading capabilities, Tickmill and Eightcap both support copy trading, allowing users to mimic the strategies of successful traders easily. While neither broker supports DupliTrade or ZuluTrade, they do offer 15 drawing tools for charting, empowering traders with detailed analysis capabilities. The platforms of these brokers allow for direct trading from charts and come equipped with seven fields for watch lists. Both brokers receive a solid rating of 4 stars for their trading platforms and tools, with Tickmill ranking slightly higher at #32 compared to Eightcap's #38 among 63 brokers as per ForexBrokers.com.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between Tickmill and Eightcap for mobile trading apps, both brokers offer a range of features suited for traders on the go. Tickmill and Eightcap both provide apps for iPhone and Android, allowing for flexibility and convenience in trading. Users can receive stock or forex price alerts on both platforms, ensuring they never miss important market changes. Charting capabilities are similar too; each app offers 30 technical studies and allows users to draw trendlines while viewing different time frames such as daily, weekly, or intraday. Additionally, any drawings made on a chart are auto-saved, which is a helpful feature for ongoing analysis.
In terms of differences, Eightcap stands out with its watchlist symbol syncing feature, which enables real-time updates between mobile and online accounts—a benefit missing from Tickmill's offering. Both apps support the creation of watchlists with real-time quotes, enhancing the trading experience. Despite these close comparisons, Tickmill ranks slightly higher, occupying the #32 spot for Mobile Trading Apps by ForexBrokers.com, compared to Eightcap's #38 ranking. Both apps hold a commendable rating of 4 out of 5 stars among users, reflecting their quality and reliability in mobile trading.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to daily market commentary and economic calendars, both Tickmill and Eightcap provide these essential resources to keep traders informed. However, Tickmill holds a competitive edge by offering forex news from high-quality sources like Bloomberg and Reuters, a feature not available with Eightcap. Additionally, Tickmill provides access to Acuity Trading's Signal Centre, while Eightcap does not include this in their offerings.
Both brokers offer sentiment-based trading tools, aiding traders in gauging market moods. Yet, Tickmill's research capabilities are rated slightly higher at 4 stars compared to Eightcap's 3.5 stars. In a broader ranking, according to ForexBrokers.com, Tickmill stands at #22 out of 63 brokers in the Research category, while Eightcap is positioned at #39, demonstrating Tickmill's stronger focus on providing comprehensive research tools for its users.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources provided by Tickmill and Eightcap for beginners, both brokers offer a wide range of articles, videos, and archived webinars focusing on forex and CFDs. However, Tickmill has a distinct advantage with its monthly online educational webinars, a feature that Eightcap does not provide. Both platforms ensure accessibility to a searchable archive of past webinars and offer comprehensive beginner videos on trading topics. Yet, Tickmill extends its educational resources with advanced trading videos for seasoned traders, a resource that Eightcap lacks.
Both brokers provide investor dictionaries with definitions for over 50 key investing terms, supporting learners in mastering essential jargon. Nevertheless, considering the overall experience, Tickmill earns a higher education rating of 4 stars compared to Eightcap's 3.5 stars. Rankings on ForexBrokers.com further underscore this difference, with Tickmill securing the 15th spot out of 63 brokers for educational offerings, while Eightcap is positioned at 40th. This comparison highlights Tickmill's stronger emphasis on providing a more comprehensive educational journey for traders at different levels.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Tickmill is better than Eightcap. Tickmill finished with an overall rank of #22, while Eightcap finished with an overall rank of #38.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 85 |
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Both Tickmill and Eightcap provide the option to trade cryptocurrency derivatives, but neither broker offers the ability to purchase actual delivered cryptocurrency.
Tickmill and Eightcap both provide several deposit and withdrawal options, including PayPal, Skrill, Visa/Mastercard, and bank wires, but neither offers ACH or SEPA transfers, making them similar in terms of fund transfer flexibility.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Tickmill | Eightcap | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Eightcap Review |
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| Regulation | Tickmill | Eightcap | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 800 | |
| Forex Pairs (Total) | 63 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Tickmill | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.31 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Tickmill | Eightcap | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Tickmill | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | Eightcap | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Tickmill Review | Eightcap Review |
| Overall | Tickmill | Eightcap | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Eightcap Review |
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