Written by ForexBrokers.com
In this head to head comparison of Tickmill vs Fineco, 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.
When comparing online brokers Tickmill and Fineco, several key regulatory aspects stand out. Tickmill, founded in 2014, is not publicly traded and is not a bank. It holds two Tier-1 licenses and two Tier-2 licenses, earning it a Trust Score of 86 from ForexBrokers.com, which places it in the trusted category. Despite not being a publicly traded entity, Tickmill is considered reliable based on its regulatory credentials.
On the other hand, Fineco, established in 1999, is both publicly traded and operates as a bank, which can provide clients with an additional layer of security. It also holds two Tier-1 licenses, but no Tier-2 licenses. With a ForexBrokers.com Trust Score of 94, Fineco is rated as highly trusted, reflecting its strong reputation in the industry. This makes Fineco an appealing choice for those prioritizing high trust and banking experience in their selection of an online broker.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Tickmill stands out in the competitive world of online trading with two distinctive account types, catering to traders with different needs. Its Raw account, which replaced the former Pro account, is designed for active traders who benefit from low spreads and a commission of $3 per side per 100,000 units, translating to an all-in cost of 0.71 pips for EUR/USD. The Classic account, on the other hand, is entirely commission-free, where traders only face the bid/ask spread, although the spreads are notably higher at 1.76 pips as of August 2023. Tickmill has been able to sustain its reputation as one of the top brokers for active traders, achieving a 5-star rating and ranking 4th out of 63 brokers for commissions and fees according to ForexBrokers.com.
In contrast, Fineco's transparency regarding trading costs isn't as straightforward. The broker cites a spread of 1 pip for EUR/USD and sometimes mentions a spread of 0.8 pips, but it doesn't provide average spread data for its forex and CFD trading. This absence of clear, average trading cost data makes it challenging to determine Fineco's overall fees, especially when compared to leading brokers. Despite possibly having lower spreads on its index CFDs, Fineco holds a 3.5-star rating and is ranked 51st out of 63 brokers in the same category by ForexBrokers.com.
Overall, Tickmill and Fineco present different profiles regarding commissions and fees. Tickmill, with its competitive pricing structure, remains a pivotal choice for active traders due to its transparent and low-cost trading environment. Meanwhile, Fineco's lack of published average spread data for forex and CFD trading may suggest higher overall costs, posing challenges for cost-conscious traders looking for clarity and value in their trading partners.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to forex trading, both Tickmill and Fineco allow trading via CFDs or spot contracts. However, Tickmill distinctly offers a broader selection of forex pairs, with 63 compared to Fineco's 54. On the other hand, Fineco boasts an extensive range of tradeable symbols, far outnumbering Tickmill with 9,770 versus Tickmill's 725. While neither broker supports buying actual cryptocurrencies, Tickmill provides the option to invest in cryptocurrency derivatives, something Fineco does not. Moreover, Tickmill is an appealing choice for those interested in copy trading, a feature not available with Fineco.
Fineco excels in providing access to exchange-traded securities, enabling clients to purchase shares on both U.S. and international exchanges, such as Apple and Vodafone. This option is unavailable with Tickmill, potentially limiting some investors. Reflecting these differences, Fineco holds a higher rating of 4.5 stars for its range of investments, compared to Tickmill's 3.5 stars. Furthermore, Fineco ranks higher in the Range of Investments category according to ForexBrokers.com, positioned at #16 out of 63 brokers, whereas Tickmill stands at #42. These rankings demonstrate Fineco's more extensive offering, emphasizing its versatility in investment options.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 9770 |
| Forex Pairs (Total) | 63 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| 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.
When comparing Tickmill and Fineco, both brokers provide strong offerings, yet different strengths emerge. Tickmill stands out with its free virtual demo account, perfect for beginners seeking practice without financial risk. While it doesn't feature a proprietary platform, it does offer the popular MetaTrader 4 and MetaTrader 5 platforms for desktop and web use. Notably, Tickmill includes copy trading and a wider range of drawing tools, enhancing the experience for traders who prefer more interactive trades and analysis. With 7 fields for watch lists and the advantage of trading directly from stock charts, Tickmill caters to users looking for a versatile trading environment.
Fineco, on the other hand, offers its proprietary platform, designed to meet the specific needs of its clients. The broker supports a Windows desktop platform and a web-based platform, both ready for seamless trading. Although it lacks a demo account and some advanced tools like MetaTrader, Fineco maintains strong rankings in the trading platform category. It features 7 drawing tools and a streamlined charting process, even though trading directly from charts isn’t an option. Both brokers receive a 4-star rating for their platforms and tools, with Fineco slightly ahead in industry rankings, placing at #18 compared to Tickmill's #32 among 63 brokers.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and Fineco, both platforms provide iPhone and Android apps with essential features such as stock and forex price alerts. However, Tickmill stands out by offering more technical studies for charting, with 30 options compared to Fineco’s 6. Moreover, Tickmill allows users to draw trendlines and view multiple timeframes on charts, along with auto-saving these drawings—features that Fineco's app lacks. Both apps do not support the syncing of watchlists between the mobile app and online accounts.
Another notable difference is Tickmill's capability to create watchlists with real-time quotes, a feature absent in Fineco’s offering. Despite these differences, both apps have received a solid rating of 4 out of 5 stars in the mobile trading apps category. In terms of rankings by ForexBrokers.com, Tickmill sits higher at 32 out of 63 brokers, while Fineco is positioned at 42. These rankings suggest that while both apps are competitive, Tickmill offers slightly more advanced tools and flexibility for mobile trading enthusiasts.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Tickmill and Fineco in terms of market research offerings, several key differences stand out. Tickmill provides daily market commentary, which Fineco lacks. Both brokers, however, deliver forex news from top-tier sources like Bloomberg and Reuters. Neither Tickmill nor Fineco offer technical analysis tools from Autochartist or Trading Central, keeping their tool offerings on par in this area. Notably, Tickmill provides a sentiment-based trading tool to gauge market trends, a valuable feature that Fineco does not offer. Additionally, Tickmill incorporates research tools from Acuity Trading, such as the Signal Centre, whereas Fineco does not include them in its suite.
Both companies excel at providing an economic calendar to update traders on global economic events, ensuring investors remain informed. Despite these nuances in service offerings, both brokers enjoy a respectable 4-star rating for their research capabilities. However, Tickmill ranks higher, securing the 22nd position among 63 brokers according to ForexBrokers.com, compared to Fineco, which is positioned at number 33. These distinctions can guide traders in choosing the broker that aligns best with their market research needs.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educating newcomers in the world of online trading, Tickmill and Fineco Bank present different offerings. Tickmill stands out by providing a rich selection of educational content focused on forex and CFDs, regularly offering at least 10 diverse learning materials such as articles and videos. Additionally, Tickmill conducts monthly online webinars for clients and maintains a searchable archive for those who wish to revisit past sessions. For beginners, Tickmill offers more than 10 video tutorials tailored to impart essential trading knowledge, completed by advanced educational content for more experienced traders. They also provide a comprehensive investor dictionary with over 50 trading terms explained.
By contrast, Fineco delivers a mixed experience for beginners seeking educational resources. While Fineco holds monthly webinars similar to Tickmill, it misses the mark by not compiling these into an accessible archive. Although it offers a good selection of beginner-friendly educational videos, advanced training materials are notably absent. However, Fineco does include a robust investor dictionary to aid beginners in navigating trading terminology. Despite these offerings, Tickmill ranks higher in educational services according to ForexBrokers.com, placing 15th out of 63 brokers, while Fineco ranks 49th. Both brokers receive an educational rating of 4 stars, showcasing the value each provides in different areas.
| Feature |
Tickmill
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| 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 Fineco. Tickmill finished with an overall rank of #22, while Fineco finished with an overall rank of #25.
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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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 94 |
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While Tickmill allows users to trade cryptocurrency derivatives, Fineco does not offer this option, and neither platform provides the ability to purchase actual delivered cryptocurrencies.
When comparing online brokers Tickmill and Fineco, Tickmill offers PayPal, Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals, but not ACH or SEPA transfers, while Fineco provides ACH, SEPA, and bank wire options but lacks support for PayPal, Skrill, Visa, and Mastercard transactions.
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 | Fineco | |
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| Trust Score | 86 | 94 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Fineco Review |
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| Regulation | Tickmill | Fineco | |
|---|---|---|---|
| Trust Score | 86 | 94 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 9770 | |
| Forex Pairs (Total) | 63 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| 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 | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Tickmill | Fineco | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Tickmill | Fineco | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Tickmill | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | Fineco | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | Tickmill | Fineco | |
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| Trust Score | 86 | 94 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Fineco Review |
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