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FP Markets vs Tickmill 2021

Is FP Markets better than Tickmill? After testing 27 of the best forex brokers over five months, FP Markets is better than Tickmill. While FP Markets trails industry leaders in research and education, spreads on MetaTrader are highly competitive, helping FP Markets shine as a low-cost broker for forex and CFDs trading.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FP Markets Tickmill
Overall 4 4
Commissions & Fees 5 5
Offering of Investments 4.5 3
Platforms & Tools 4 3
Mobile Trading 4 3
Research 3.5 4
Education 3 4
Trust Score 81 81
FP Markets Review Tickmill Review
Winner check_circle
The vast majority of retail CFD accounts lose money 76% of retail CFD accounts lose money

Regulation

Feature FP Markets Tickmill
Trust Score 81 81
Year Founded
2005 2014
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
1 2
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature FP Markets Tickmill
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Investments

Feature FP Markets Tickmill
Forex Trading
Yes Yes
CFDs (Total)
8908 13
Forex Pairs (Total)
61 62
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes No
Social Trading / Copy-Trading
Yes Yes

Cost

Feature FP Markets Tickmill
Average Spread EUR/USD - Standard
1.14 (June 2020) 0.53 (August 2020)
All-in Cost EUR/USD - Active
0.61 (August 2020) 0.32 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature FP Markets Tickmill
Minimum Initial Deposit
$100 AUD $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FP Markets Tickmill
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 No
cTrader
No No
DupliTrade
No No
ZuluTrade
No Yes

Trading Tools

Feature FP Markets Tickmill
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
Default (MT4/MT5) (Default MT4)
Charting - Indicators / Studies (Total)
59 (Default MT4)
Charting - Drawing Tools (Total)
Default (MT4/MT5) (Default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
No Yes

Mobile Trading

Feature FP Markets Tickmill
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
Default (MT4/MT5) (Default MT4)
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature FP Markets Tickmill
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature FP Markets Tickmill
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes Yes
Client Webinars
No Yes
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

Feature 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

Overall

Feature FP Markets Tickmill
Overall 4 4
Commissions & Fees 5 5
Offering of Investments 4.5 3
Platforms & Tools 4 3
Mobile Trading 4 3
Research 3.5 4
Education 3 4
Trust Score 81 81
FP Markets Review Tickmill Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Tickmill.

Does FP Markets or Tickmill offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Tickmill offers better pricing overall for traders.

Is FP Markets or Tickmill safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both FP Markets and Tickmill hold 1 global Tier-1 licenses. Tickmill holds 2 global Tier-2 licenses, while FP Markets holds 1. All regulators considered, both FP Markets and Tickmill have a Trust Score of 81.00.

Which trading platform is better: FP Markets or Tickmill?
To compare the trading platforms of both FP Markets and Tickmill, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FP Markets offers a better experience. With research, Tickmill offers superior market research. Finally, we found FP Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FP Markets and Tickmill both offer copy trading. Both FP Markets and Tickmill offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Tickmill provides traders 62 currency pairs (e.g., EUR/USD) compared to FP Markets's 61 available pairs. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while Tickmill has 13 available CFDs, a difference of 8,895.

Overall winner: FP Markets

Read Next: Best Forex Brokers 2021

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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