Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Tickmill, 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.
FP Markets and Tickmill are online brokerage firms offering access to global financial markets, yet they vary in their establishment years and regulatory credentials. Founded in 2005, FP Markets holds two Tier-1 licenses and one Tier-2 license, offering a ForexBrokers.com Trust Score of 89, which classifies it as a trusted broker. In contrast, Tickmill, established in 2014, also maintains two Tier-1 licenses but has the advantage of two Tier-2 licenses, giving it a Trust Score of 86, positioning it as a trusted option as well.
Neither FP Markets nor Tickmill is publicly traded or operates as a bank. Despite these similarities, the differentiation in their trust scores and regulatory structures may influence investors' decisions based on individual preferences for regulatory assurances and company history.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets and Tickmill are both highly rated brokers when it comes to commissions and fees, each earning a perfect 5-star rating. FP Markets stands out for its competitive pricing through its MetaTrader and cTrader offerings, particularly the Raw ECN account, which features tight spreads averaging 0.1 pips as of October 2023. This account has an all-in cost of 0.8 pips when the commission is included, making it a top choice for traders who prefer lower fees. The Standard account, on the other hand, is more costly due to its higher spreads, averaging 1.1 pips for the EUR/USD. FP Markets also offers various Iress platform accounts in Australia, catered towards active and high-balance traders, but these options come with variable costs and potential platform fees unless certain requirements are met. Ranked #6 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com, FP Markets remains a strong contender for cost-effective trading.
Tickmill, also highly rated with 5 stars, is a go-to option for active traders seeking low costs. With its Raw account—formerly Pro—Tickmill provides some of the best spreads around, with a typical spread of 0.11 pips for the EUR/USD, as recorded in October 2023. The all-in cost for this account comes to 0.71 pips after incorporating the latest commission structure, which is now $3 per side per 100,000 units. Tickmill has made its Raw account accessible with a minimum deposit of just $100, making it an attractive option for traders looking for competitive spreads and low entry barriers. The Classic account, meanwhile, is commission-free but has notably higher spreads. Tickmill holds a #4 rank in the Commissions and Fees category from ForexBrokers.com, underscoring its appeal for cost-aware traders.
Both FP Markets and Tickmill offer distinct advantages with their commission and fee structures, catering to a range of trader preferences. FP Markets excels with its MetaTrader and cTrader platforms, while Tickmill provides a straightforward cost-effective approach with its Raw account. Ultimately, while both brokers are great for minimizing costs, the choice between them will depend on individual trading needs and platform preferences.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average spread (EUR/USD) - Standard account | 1.2 | 1.70 |
| All-in Cost EUR/USD - Active | 0.7 | 0.70 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and Tickmill both support forex trading as CFDs and as spot, but their product lineups differ in size. FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, while Tickmill offers 637 symbols and 63 forex pairs. If you want more markets under one roof, FP Markets provides the broader selection.
Neither broker provides access to exchange‑traded U.S. or international shares, but both offer copy trading and cryptocurrency CFDs (not actual crypto purchases). Based on ForexBrokers.com’s Range of Investments ratings, FP Markets scores 4.5 out of 5 and ranks 19th out of 63 brokers, whereas Tickmill scores 3.5 out of 5 and ranks 43rd.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 637 |
| Forex Pairs (Total) | 71 | 63 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FP Markets vs Tickmill: both brokers offer a free demo account for practice and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop and in your browser with either broker, and both support copy trading. One notable difference is platform choice: FP Markets also has its own proprietary platform, while Tickmill focuses on third-party platforms.
On tools, both let you place trades directly from charts and build watch lists. For Trading Platforms and Tools, ForexBrokers.com rates both brokers 4 stars, ranking FP Markets #23 out of 63 and Tickmill #30. If you want an extra in-house platform alongside MT4/MT5, FP Markets has the edge; if you’re happy sticking with MetaTrader, Tickmill is a straightforward pick.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 91 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Tickmill both offer iPhone and Android mobile trading apps with core features traders expect. Each app supports stock and forex price alerts, lets you draw trendlines on charts, and automatically saves your annotations. Both earn 4 out of 5 stars for mobile trading apps, though FP Markets ranks higher in ForexBrokers.com’s list (#18 out of 63) compared with Tickmill (#30).
Charting tools are a key difference. FP Markets uses MetaTrader’s default set of technical studies, which many traders already know, while Tickmill lists 30 built-in technical studies in its app. Neither broker syncs watchlists between the mobile app and the online account. If you value a higher category ranking and MetaTrader familiarity, FP Markets may appeal; if you want a clear count of indicators inside the app, Tickmill is a solid pick.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FP Markets and Tickmill for market research offerings, both brokers deliver a strong foundation with daily market commentary and high-quality forex news sourced from top-tier outlets like Bloomberg and Reuters. Both platforms also provide sentiment-based trading tools, which offer valuable insights into the long or short positions on currency pairs. FP Markets, however, has a competitive edge due to its collaboration with Autochartist and Trading Central for advanced technical and fundamental analysis, tools exclusive to its platform.
Tickmill distinguishes itself by integrating research tools from Acuity Trading, such as the Signal Centre, which FP Markets does not offer. Despite these differences, both brokers present users with an economic calendar to track significant global news events. Overall, FP Markets and Tickmill each receive a four-star rating for research, with Tickmill achieving a slightly higher rank at 21st compared to FP Markets' 25th placement out of the 63 brokers reviewed by ForexBrokers.com.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re a beginner comparing FP Markets vs Tickmill for education, both brokers make it easy to get started. Each runs live online webinars at least once a month, and both provide at least 10 beginner-friendly videos to cover the basics, plus 10 or more advanced videos for when you’re ready to go deeper.
Both brokers earn 4 out of 5 stars for Education from ForexBrokers.com, but Tickmill ranks higher overall (#15 of 63) than FP Markets (#23 of 63). That edge can make Tickmill more appealing if education is your main focus, while FP Markets still offers plenty of helpful learning content. Either way, beginners will find ample materials to learn and improve.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Tickmill. FP Markets finished with an overall rank of #19, while Tickmill finished with an overall rank of #22.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 86 |
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In the FP Markets vs Tickmill comparison for cryptocurrency trading, neither broker offers the ability to buy actual, delivered crypto, but both provide access to trading cryptocurrency CFDs.
In the FP Markets vs Tickmill comparison, both brokers support deposits and withdrawals via PayPal, Skrill, and bank wire transfers, neither offers ACH or SEPA, and Visa/Mastercard availability is not specified.
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 | FP Markets | Tickmill | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Tickmill Review |
| Broker Screenshots | FP Markets | Tickmill | |
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| Regulation | FP Markets | Tickmill | |
|---|---|---|---|
| Trust Score | 89 | 86 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 637 | |
| Forex Pairs (Total) | 71 | 63 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | Tickmill | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.70 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Tickmill | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 91 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Tickmill | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Tickmill | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Tickmill | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | Tickmill | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Tickmill Review |
| Overall | FP Markets | Tickmill | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Tickmill Review |
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