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 | 1 | 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 | 0.51 |
| All-in Cost EUR/USD - Active | 0.7 | 0.31 |
| 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.
When comparing FP Markets and Tickmill for their range of investments, both brokers offer forex trading as CFDs or spot contracts and enable copy trading. FP Markets and Tickmill also provide cryptocurrency derivatives, though neither allows for the purchase of actual cryptocurrencies. FP Markets stands out with a wider array of investment options, boasting 10,000 tradeable symbols, including 71 forex pairs, whereas Tickmill offers 725 tradeable symbols with 63 forex pairs. Both brokers do not offer exchange-traded securities from the U.S. or international markets.
FP Markets holds an upper hand with a 4.5-star rating for its range of investments, while Tickmill receives 3.5 stars. This difference is reflected in their rankings on ForexBrokers.com, where FP Markets is ranked at #18 and Tickmill at #42 out of 63 brokers. These rankings indicate FP Markets' broader investment range, making it an appealing choice for those seeking a wider spectrum of trading opportunities.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 725 |
| 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.
Both FP Markets and Tickmill provide traders with a comprehensive set of tools and platforms to enhance their trading experience. Both brokers offer simulated or paper trading through free demo accounts, making them beginner-friendly options. FP Markets stands out with its proprietary platform, whereas Tickmill does not have an in-house developed platform. However, both brokers support popular platforms such as MetaTrader 4 and MetaTrader 5, available through Windows-based desktop downloads and web-based browsers. Traders with mobile needs will find both brokers accommodating, with various trading features accessible across devices. For those interested in social trading, both FP Markets and Tickmill offer copy trading capabilities.
When it comes to trading tools, FP Markets edges slightly ahead with 17 drawing tools compared to Tickmill's 15, but both brokers offer the ability to trade directly from stock charts and present watch lists with 7 customizable fields. Despite these subtle differences, both platforms have received a 4-star rating for their platforms and tools. FP Markets ranks higher on ForexBrokers.com, securing the 23rd spot out of 63, compared to Tickmill, which ranks 32nd. Consequently, both brokers are suitable choices, but traders might lean towards FP Markets if proprietary platforms and more drawing tools are factors that influence their decision.
| 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 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| 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 cater to mobile traders by offering applications compatible with iPhone and Android devices. Both platforms support stock and forex price alerts, along with the ability to draw trendlines and access multiple time frames on charts. Additionally, they offer handy features like auto-saving of chart drawings and the creation of watchlists with real-time quotes. However, neither of these brokers supports watchlist symbol syncing, which means that changes made in the mobile app won’t automatically update on the desktop account and vice versa.
When it comes to charting tools, FP Markets utilizes MetaTrader (default), while Tickmill provides 30 technical studies for its charting needs. Both brokers have received a commendable rating of four stars for their mobile trading apps. Among 63 brokers reviewed by ForexBrokers.com, FP Markets boasts an impressive rank at #18, while Tickmill is positioned at #32. For traders who prioritize mobile functionality and app reliability, both brokers stand as competitive options in the market.
| 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.
Both FP Markets and Tickmill deliver daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, providing valuable insights for traders. However, FP Markets stands out by offering technical analysis tools from Autochartist and Trading Central, enhancing market understanding and aiding in strategy development. Tickmill, on the other hand, incorporates Acuity Trading's research tools, such as Signal Centre, which can be advantageous for traders seeking unique insights.
In terms of sentiment-based trading tools and economic calendars, both brokers are on equal footing, offering resources that inform trading decisions. Despite their similarities, Tickmill is ranked slightly higher at #22 compared to FP Markets at #25 by ForexBrokers.com in the Research category. Both receive a solid four-star rating for research capabilities, suggesting that while their offerings differ, each provides substantial tools and information for traders to stay informed in the dynamic forex market.
| 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 | 1 | 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| Investments | FP Markets | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 725 | |
| 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 | 0.51 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.31 | |
| 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 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| 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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