Written by ForexBrokers.com
In this head to head comparison of Tickmill vs FXOpen, 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.
Founded in 2014, Tickmill is an online broker that is not publicly traded and does not operate as a bank. With a ForexBrokers.com Trust Score of 86, Tickmill is classified as a trusted brokerage, holding two Tier-1 licenses and two Tier-2 licenses. These licenses offer clients a sense of security, as Tier-1 is deemed highly trusted, while Tier-2 is recognized as trusted, according to ForexBrokers.com's rating system.
Established in 2003, FXOpen also operates as a privately held non-bank broker. However, with a slightly lower Trust Score of 76, FXOpen falls into the average risk category according to ForexBrokers.com. Like Tickmill, FXOpen maintains two Tier-1 licenses but lacks Tier-2 licenses, which could influence potential clients looking for additional trusted credentials in their broker of choice.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Tickmill and FXOpen differ in their approach to commissions and fees for online trading. Tickmill offers two types of accounts: the Classic account, which is commission-free and only subjects traders to the bid/ask spread, and the Raw account, known for its attractive low spreads and competitive commission structure. Although Tickmill recently adjusted its Raw account commission to $3 per side, or $6 per standard lot, the broker maintains its reputation as a top choice for active traders due to these favorable conditions. The Raw account's average spread for EUR/USD is as low as 0.11 pips, with an all-in cost of 0.71 pips including the commission. With just a $100 minimum deposit required for the Raw account and policies conducive to algorithmic trading, Tickmill remains a preferred option despite its commission hike.
On the other hand, FXOpen lacks available data on average spreads, making a direct cost comparison challenging. However, FXOpen offers a slightly less competitive edge in commissions and fees compared to Tickmill. This is reflected in its ForexBrokers.com rankings, where Tickmill ranks #4 out of 63 brokers for commissions and fees, while FXOpen lands at #44. Tickmill receives a full five-star rating in the category, whereas FXOpen garners four stars, highlighting the difference in cost effectiveness and trading conditions between the two brokers.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 Tickmill and FXOpen for their range of investments, Tickmill offers a wider selection with 725 tradeable symbols compared to FXOpen's 87, and 63 forex pairs against FXOpen's 25. Both brokers allow clients to trade forex as a CFD or spot contract, and neither offers options to buy exchange-traded securities on U.S. or international exchanges directly. This means that direct investment in stocks like Apple or Vodafone is not possible with either broker. Each platform supports copy trading and offers cryptocurrency derivatives without the option to buy the actual cryptocurrency.
For those prioritizing the range of investments, Tickmill appears to be the more attractive option, earning a rating of 3.5 stars in this category, compared to FXOpen's 3 stars. According to ForexBrokers.com, Tickmill is ranked #42 out of 63 brokers for its range of investments, while FXOpen falls behind at #62. These rankings suggest that Tickmill may provide a broader suite of investment options suitable for a variety of traders seeking diversity in their trading portfolios.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 87 |
| Forex Pairs (Total) | 63 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When it comes to choosing between Tickmill and FXOpen for trading platforms and tools, both brokers offer a similar array of features. Traders can enjoy simulated trading with free virtual demo accounts on both platforms, which is beneficial for beginners looking to practice their strategies. Both brokers deliver the widely popular MetaTrader 4 and MetaTrader 5 platforms, offering web-based and Windows-based desktop platforms for flexibility and convenience. While neither broker provides a proprietary platform, they do support copy trading to help users follow and replicate successful trades. However, only FXOpen includes ZuluTrade for social trading enthusiasts, while Tickmill does not.
For charting, both Tickmill and FXOpen offer 15 drawing tools and facilitate trading directly from stock charts, supporting a seamless user experience. With seven columns available for watch lists on each platform, personalized tracking is straightforward. Despite having identical ratings of four stars for their trading platforms and tools, Tickmill edges ahead in rank at 32 out of 63 brokers, compared to FXOpen's position at 53 according to ForexBrokers.com. This slight difference in ranking could be a deciding factor for those weighing their options between these two well-established brokers.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and FXOpen both offer iPhone and Android apps that cater to traders who value flexibility and convenience. Each app enables users to receive stock or forex price alerts, and both support the functionality to draw trendlines and view multiple time frames on charts. Offering 30 technical studies for charting, these apps are definitely feature-rich. Where they differ is in the syncing of watchlists: neither app currently supports watchlist symbol syncing between the mobile app and the online account. However, Tickmill stands out by automatically saving chart drawings, a feature FXOpen does not offer.
For traders who appreciate real-time updates, both Tickmill and FXOpen provide the option to create watchlists with real-time quotes. In terms of ratings, both app platforms have been given a respectable 4 out of 5 stars for mobile trading. Nevertheless, Tickmill holds an edge in industry ranking, placing 32nd out of 63 brokers on ForexBrokers.com, as compared to FXOpen's 54th place. If auto-saving drawings and a higher ranking are important to you, Tickmill might be the more appealing choice.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When deciding between Tickmill and FXOpen for market research, both platforms offer daily market commentary and forex news from renowned sources like Bloomberg and Reuters. Each broker provides an economic calendar to keep traders informed about global news events. However, Tickmill distinguishes itself by offering a sentiment-based trading tool that reveals the ratio of long or short positions across currency pairs, something FXOpen lacks. Additionally, Tickmill provides research tools from Acuity Trading, unlike FXOpen, which does not incorporate these resources.
In terms of third-party technical and fundamental analysis tools from Autochartist or Trading Central, both brokers are on equal footing, as neither offers these services. Tickmill, with a research rating of four stars, surpasses FXOpen's three stars and ranks #22 out of 63 brokers for research category by ForexBrokers.com, compared to FXOpen’s #63 ranking. These differences in features and rankings make Tickmill a stronger choice for traders seeking comprehensive market research tools.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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 educational resources for beginners, Tickmill clearly pulls ahead of FXOpen. Tickmill provides a wide array of educational materials related to forex and CFDs. With over ten pieces of content including articles, videos, and archived webinars, beginners will find a plethora of information to kickstart their trading journey. Furthermore, Tickmill hosts monthly online webinars and maintains a searchable archive of these sessions for future reference. The availability of both beginner and advanced video courses ensures that learners at any stage can enhance their trading skills. Additionally, Tickmill offers an investor dictionary with clear definitions of more than 50 investing terms, enhancing the user's ability to grasp complex topics.
In comparison, FXOpen lacks depth in their educational offerings. Although they do provide a handy investor dictionary, they fall short in other areas. FXOpen does not offer the volume of educational materials that Tickmill does, nor do they have monthly webinars or archived sessions. This limitation might leave beginners wanting more as they delve into the world of trading. These differences in educational support are reflected in their ratings; Tickmill earns four out of five stars, ranking 15th out of 63 brokers evaluated by ForexBrokers.com for education resources, whereas FXOpen scores three stars and ranks 58th. Overall, Tickmill emerges as a stronger choice for beginner traders seeking comprehensive educational support.
| Feature |
Tickmill
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXOpen. Tickmill finished with an overall rank of #22, while FXOpen finished with an overall rank of #54.
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
|
FXOpen
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 76 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Tickmill and FXOpen both do not provide the ability to purchase actual cryptocurrency, but they do offer the option to trade cryptocurrency derivatives.
Tickmill and FXOpen both support Visa, Mastercard, Skrill, and bank wire transfers for depositing or withdrawing account funds; however, Tickmill additionally allows PayPal transactions, while neither broker offers ACH or SEPA transfer options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Tickmill | FXOpen | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 76 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
| Broker Screenshots | Tickmill | FXOpen | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Tickmill | FXOpen | |
|---|---|---|---|
| Trust Score | 86 | 76 | |
| Year Founded | 2014 | 2003 | |
| 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 | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | 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 | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 87 | |
| Forex Pairs (Total) | 63 | 25 | |
| 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). |
| Cost | Tickmill | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Tickmill | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Tickmill | FXOpen | |
|---|---|---|---|
| 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Tickmill | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| 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 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | Tickmill | FXOpen | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 76 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill