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 | 1.2 | 1.70 |
| All-in Cost EUR/USD - Active | 0.7 | 0.70 |
| Active Trader or VIP Discounts | Yes | 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.
FP Markets offers a much wider range of investments than Tickmill. Traders get access to 10,000 tradeable symbols at FP Markets versus 637 at Tickmill, along with 71 vs 63 forex pairs. Reflecting this breadth, ForexBrokers.com rates FP Markets 4.5/5 for Range of Investments (ranked #19 of 63 brokers) compared with Tickmill’s 3.5/5 (ranked #43).
Both brokers let you trade forex either as CFDs or spot contracts. Neither broker offers exchange-traded shares on U.S. or international exchanges. Copy trading is available at both. For crypto, neither supports buying actual coins, but both provide cryptocurrency derivatives.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 637 |
| Forex Pairs (Total) | 71 | 63 |
| 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.
FP Markets and Tickmill both cover the essentials for traders who want choice and convenience. Each broker offers a free demo (paper) account, Windows desktop and web-based platforms, copy trading, and full support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both let you place trades directly from charts and provide seven watch list columns. One key difference: FP Markets also offers its own proprietary platform, while Tickmill sticks to third‑party options. Neither supports DupliTrade or ZuluTrade.
For charting tools, FP Markets lists 17 drawing tools versus Tickmill’s 9, which may appeal to traders who annotate charts often. Both brokers earn 4 stars for Trading Platforms and Tools, but FP Markets ranks higher overall (#23 of 63) compared with Tickmill (#30 of 63). In short, MetaTrader-focused traders will be at home with either, while FP Markets gets a slight edge for having an in-house platform and more drawing tools.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | 91 |
| Charting - Drawing Tools (Total) | 17 | 9 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Tickmill both check the core boxes for mobile trading: iPhone and Android apps, real-time watchlists, price alerts, trendline drawing, multiple time frames, and auto‑saved chart drawings. One shared limitation is that watchlists created on mobile don’t sync with your online account for either broker, so changes won’t carry over between devices.
For charting, FP Markets uses MetaTrader by default, giving you the familiar MT toolset, while Tickmill specifies 30 built-in technical studies. Both earned 4 stars for Mobile Trading Apps from ForexBrokers.com, but FP Markets ranks higher overall (#18 out of 63) compared with Tickmill (#30 out of 63). If you prefer a MetaTrader-centered experience with a stronger category ranking, FP Markets has the edge; if a clearly defined set of 30 indicators appeals to you, Tickmill fits the bill.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, both FP Markets and Tickmill offer a comprehensive package that caters to new investors interested in forex and CFDs. Each broker provides a wealth of educational materials, including over 10 articles, videos, and archived webinars on forex or CFDs. Furthermore, both FP Markets and Tickmill hold monthly educational webinars and provide an extensive archive for those who wish to revisit or catch up on past sessions. Specifically designed for beginners, these resources make it manageable for aspiring traders to grasp foundational trading concepts.
In addition to beginner resources, FP Markets and Tickmill also supply over 10 advanced educational videos aimed at more experienced traders, ensuring a full spectrum of learning material is available. They also feature an investor dictionary with over 50 investing terms, helping traders familiarize themselves with key terms and concepts. Although both brokers are equally rated with 4 stars for education, Tickmill holds a slightly higher ranking at #15 compared to FP Markets' #23 according to ForexBrokers.com. This subtle difference makes Tickmill marginally more appealing for those focusing on educational rankings, yet both remain excellent choices for beginner education.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 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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Both FP Markets and Tickmill allow investors to trade cryptocurrency derivatives, but neither broker offers the option to purchase actual (delivered) cryptocurrency.
Both FP Markets and Tickmill offer PayPal, Skrill, Visa/Mastercard, and bank wire options for depositing and withdrawing account funds, but neither support ACH or SEPA transfers.
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/Central Bank 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. 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 | FP Markets | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.70 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | FP Markets | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 91 | |
| Charting - Drawing Tools (Total) | 17 | 9 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Tickmill | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | Tickmill | |
|---|---|---|---|
| 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 | 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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