Written by ForexBrokers.com
In this head to head comparison of Tickmill vs FXGT.com, 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.
Tickmill and FXGT.com are both notable online brokers, but they have different regulatory standings. Established in 2014, Tickmill has earned a Trust Score of 86 out of 99 from ForexBrokers.com, placing it in the "trusted" category. This rating is further supported by the fact that Tickmill holds two Tier-1 licenses, which are considered highly trusted, along with two additional Tier-2 licenses. Although Tickmill is not publicly traded and doesn't operate as a bank, its regulatory licenses add a layer of trustworthiness for potential investors.
FXGT.com, founded in 2019, is a younger competitor in the market. With a Trust Score of 69 given by ForexBrokers.com, FXGT.com falls into the "high risk" category. It possesses one Tier-1 and one Tier-2 license, meeting essential regulatory standards but offering less reassurance compared to Tickmill. Similar to Tickmill, FXGT.com is not publicly traded and does not function as a bank. These factors should be carefully considered by individuals evaluating the relative safety and trustworthiness of these brokers.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Year Founded | 2014 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Tickmill and FXGT.com present different options for traders regarding commissions and fees. Tickmill offers two account types: Classic and Raw. The Classic account is commission-free but comes with higher average spreads of 1.76 pips as of August 2023. On the other hand, the Raw account, which replaced the Pro account, features a competitive commission rate of $3 per side or $6 per standard lot, alongside typical low spreads such as 0.11 pips for EUR/USD in October 2023. Tickmill's changes in commission structure have maintained its reputation as a leading choice for active traders due to its low overall trading costs after factoring in both spreads and commissions. Tickmill boasts a stellar 5-star rating for commissions and fees and ranks #4 out of 63 brokers in this category.
FXGT.com, however, does not provide detailed average spread data, making a direct comparison challenging. Despite this, FXGT.com holds a 3.5-star rating for its commissions and fees, positioned at #56 in the same category as rated by ForexBrokers.com. While FXGT.com may cater to certain trading needs, the lack of transparency concerning pricing aspects may be a factor for traders prioritizing cost clarity and competitive fees.
Ultimately, Tickmill stands out with its clear fee structure and low trading costs, particularly benefiting those interested in active trading or algorithmic strategies. The Raw account, in particular, provides a compelling mix of low spreads and reasonable commissions, coupled with a low barrier to entry at just $100. The combination of these factors places Tickmill as a preferred broker for those seeking competitive trading conditions.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Tickmill and FXGT.com, both platforms offer forex trading as a CFD or a spot contract. Tickmill stands out with a broader selection of 725 tradeable symbols and 63 forex pairs, giving traders more choices than FXGT.com, which provides 117 tradeable symbols and 53 forex pairs. Neither broker offers exchange traded securities on U.S. or international exchanges, meaning users can't purchase shares like Apple or Vodafone through these platforms. Additionally, both brokers support copy trading, adding versatility to their offerings, while they do not allow the purchase of actual cryptocurrencies—only cryptocurrency derivatives are available.
In terms of ratings, Tickmill receives a higher score of 3.5 stars for its range of investments, compared to FXGT.com's 3 stars. This difference is also evident in their ranking by ForexBrokers.com, where Tickmill is positioned at #42 out of 63, whereas FXGT.com falls at #61. For traders interested in a wider selection of forex pairs and a better overall rating for investment range, Tickmill might be the more suitable choice.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 117 |
| Forex Pairs (Total) | 63 | 53 |
| 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.
When choosing an online broker for trading, understanding the tools and platforms they offer is crucial. Both Tickmill and FXGT.com provide users with essential features such as virtual demo accounts, allowing traders to practice without risks. Neither broker has a proprietary platform, but they both offer popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), accessible on Windows desktops and web browsers. Both brokers also support copy trading, further extending their offerings for traders looking to replicate the strategies of seasoned investors.
Tickmill distinguishes itself in a few areas, such as offering seven fields for watch lists compared to FXGT.com's five. Tickmill also provides 15 drawing tools for charting, while FXGT.com offers a broader range with 23 drawing tools. Both brokers enable direct trading from stock charts, providing convenience and ease of use. Despite these differences, both received a four-star rating in trading platforms and tools, though Tickmill is ranked higher at #32, whereas FXGT.com is positioned at #56 by ForexBrokers.com out of 63 brokers.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and FXGT.com offer mobile trading apps for iPhone and Android, supporting traders on the go. These apps allow users to set alerts for forex or stock prices and provide 30 technical studies for charting analysis. While both enable drawing trendlines and viewing multiple time frames on charts, they also auto-save them, ensuring that no effort is wasted. Additionally, traders can create watchlists featuring real-time quotes on both platforms, enhancing real-time trading effectiveness.
However, a key difference lies in the watchlist symbol syncing ability; FXGT.com’s mobile app syncs watchlists with your online account, allowing seamless updates across devices. Tickmill lacks this feature, which might be a consideration for those who prioritize multi-device integration. Despite this, Tickmill holds a higher user rating at 4 stars compared to FXGT.com's 3.5 stars, reflecting user satisfaction with its mobile experience. In rankings amongst 63 brokers reviewed by ForexBrokers.com for mobile trading capabilities, Tickmill stands in 32nd place, whereas FXGT.com is positioned at 58th.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 choosing between online brokers Tickmill and FXGT.com, it's important to consider the research tools they offer. Tickmill provides daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, which can be invaluable for traders who thrive on timely information. In contrast, FXGT.com does not offer these features, potentially leaving its users with less immediate market insight. While neither broker provides tools from Autochartist or Trading Central, both offer sentiment-based trading tools that reflect long or short positions across different currency pairs, helping traders make informed decisions based on market sentiment.
Tickmill also has an edge with its collaboration with Acuity Trading, offering tools like Signal Centre, while FXGT.com lacks this feature. Both brokers provide an economic calendar, but Tickmill's wider array of market research resources earns it a four-star rating compared to FXGT.com's three stars. According to ForexBrokers.com, Tickmill is ranked #22 out of 63 brokers for research, significantly higher than FXGT.com, which stands at #56. This data suggests if in-depth market research is pivotal to your trading strategy, Tickmill might be the better choice.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Tickmill stands out as an excellent choice for beginners seeking comprehensive educational resources in the world of forex and CFDs. The platform offers a wide array of materials, including over ten pieces such as articles and videos that focus specifically on forex and CFD trading. Beginners can also benefit from Tickmill's monthly online webinars, which delve into various trading topics. These webinars are recorded and stored in a searchable archive, allowing users to access them at their convenience. Furthermore, Tickmill supports both new and advanced traders with a rich collection of beginner and advanced educational videos, ensuring that individuals at any level can find material that suits their learning needs. Additionally, the platform offers a detailed investor dictionary with definitions of more than 50 investing terms. With these offerings, Tickmill earns a commendable 4-star rating for education and ranks 15th out of 63 brokers in the Education category according to ForexBrokers.com.
In contrast, FXGT.com provides limited educational resources for those new to forex and CFDs. The platform does not meet the basic threshold of offering at least 10 educational pieces focused on trading topics. While they do have an investor dictionary with definitions of over 50 investing terms, they fall short in providing regular online webinars or maintaining an archive of past webinars for client use. The lack of beginner and advanced educational videos further limits the learning opportunities available through FXGT.com. As a result, FXGT.com has a lower 3-star rating for education and is ranked 60th among 63 brokers in this category by ForexBrokers.com. For those prioritizing educational resources, Tickmill is clearly the better option.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Tickmill finished with an overall rank of #22, while FXGT.com finished with an overall rank of #59.
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
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both Tickmill and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
When comparing Tickmill and FXGT.com for online brokerage services, Tickmill supports PayPal, Skrill, Visa, Mastercard, and bank wire transactions but lacks ACH or SEPA transfer options, whereas FXGT.com offers ACH and SEPA transfers along with Visa, Mastercard, and bank wire options but does not support PayPal or Skrill.
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 | Tickmill | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
| Broker Screenshots | Tickmill | FXGT.com | |
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| Regulation | Tickmill | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2014 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 117 | |
| Forex Pairs (Total) | 63 | 53 | |
| 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 | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Tickmill | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Tickmill | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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