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 | 1.70 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | 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 the investment offerings of Tickmill and FXGT.com, both platforms provide the ability to trade forex either as a CFD or spot contract. However, Tickmill stands out by offering a significantly broader selection with 637 tradeable symbols, including 63 forex pairs, while FXGT.com offers a total of 117 tradeable symbols and 53 forex pairs. Neither broker allows direct investment in exchange-traded securities on either U.S. or international exchanges, limiting their scope outside of forex and derivative markets. Both platforms do support the trading of cryptocurrency derivatives but not the purchase of actual cryptocurrencies.
In addition, both Tickmill and FXGT.com offer copy trading, allowing investors to mimic the trades of successful traders. When it comes to their ratings for range of investments, Tickmill is rated at 3.5 stars and ranks 42nd out of 63 brokers on ForexBrokers.com. Meanwhile, FXGT.com has a 3-star rating and is positioned at 61st in the same category. This positions Tickmill as the more comprehensive option for investors seeking a broader range of tradeable instruments.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 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.
Tickmill and FXGT.com both provide a range of trading platforms and tools that cater to various trading needs. They each offer a free virtual demo account, allowing users to practice without financial risk. Neither broker has developed a proprietary trading platform, opting instead for industry-standard platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on both Windows desktop and web-based browsers. Traders can take advantage of copy trading services through both brokers, although DupliTrade and ZuluTrade are not available. For charting, Tickmill offers users 9 drawing tools, whereas FXGT.com provides a broader selection with 23 drawing tools.
When it comes to list management, Tickmill provides 7 columns for watchlists, compared to FXGT.com's 5. Both brokers allow trading directly from stock charts, enhancing the trading experience. According to ForexBrokers.com, Tickmill and FXGT.com both scored a commendable 4-star rating for their trading platforms and tools. However, Tickmill ranks higher at #29 out of 63 brokers, while FXGT.com is positioned at #56. This distinction may appeal to traders who prioritize comprehensive platform evaluations when choosing their broker.
| 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) | 91 | 37 |
| Charting - Drawing Tools (Total) | 9 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and FXGT.com, both platforms cater to iPhone and Android users, providing flexible access regardless of device preference. Both apps ensure traders can keep on top of market movements with features like price alerts and the ability to create real-time watchlists. However, a key differentiation lies in watchlist symbol syncing; FXGT.com enables seamless integration across devices while Tickmill lacks this synchronization feature. This might be a decisive point for traders looking for a cohesive experience across their trading environments.
In terms of charting capabilities, each app supports 30 technical studies and allows users to draw trendlines and view multiple time frames, ensuring comprehensive tools are at a trader's disposal. Drawings on charts are also automatically saved in both apps, enhancing user convenience. User satisfaction ratings indicate Tickmill’s app has a favorable edge, scoring 4 stars and ranking #29 out of 63 brokers. In contrast, FXGT.com's app receives a slightly lower rating of 3.5 stars, placing it at #58 in the same list, suggesting that while both apps are functional, Tickmill might offer a more refined mobile trading experience.
| 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.
In comparing the market research offerings of Tickmill and FXGT.com, Tickmill stands out for its comprehensive daily market commentary, which is absent in FXGT.com. Both platforms provide sentiment-based trading tools that display the ratio of long or short positions across various instruments, giving traders insight into market trends. However, Tickmill offers forex news from esteemed sources like Bloomberg and Reuters whereas FXGT.com lacks this crucial feature. Furthermore, Tickmill users benefit from research tools provided by Acuity Trading, such as the Signal Centre. In contrast, FXGT.com does not include similar resources in its suite.
Both Tickmill and FXGT.com have economic calendars showcasing global news events, helping traders stay informed about crucial financial happenings. Despite similarities in some areas, Tickmill's offerings have earned it a 4-star rating for research compared to FXGT.com's 3-star rating. This distinction is reflected in their respective rankings by ForexBrokers.com, with Tickmill ranking 21st among 63 brokers while FXGT.com holds the 56th position. While neither broker utilizes tools from Autochartist or Trading Central, Tickmill's overall research capabilities provide a more enriched experience for traders seeking detailed market insights.
| 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 | |
| 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
|
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 | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | Tickmill | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 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 | 1.70 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | 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) | 91 | 37 | |
| Charting - Drawing Tools (Total) | 9 | 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 | ||
| 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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