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IC Markets vs Tickmill 2021

Is IC Markets better than Tickmill? In our analysis of 23 international regulators across 39 brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Tickmill is considered average-risk, with an overall Trust Score of 82 out of 99. Learn more about Trust Score.


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 IC Markets Tickmill
Overall 4.5 4
Commissions & Fees 5 5
Offering of Investments 4.5 3.5
Platforms & Tools 4 4
Mobile Trading Apps 4 4
Research 3.5 4
Education 4 4
Trust Score 86 82
IC Markets Review Tickmill Review
74-89% of retail CFD accounts lose money 71% of retail CFD accounts lose money
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Regulation

Feature IC Markets Tickmill
Trust Score 86 82
Year Founded
2007 2014
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
1 2
Tier-3 Licenses
1 0
Authorised in the European Union
No Yes

Tier-1 Licenses (High Trust)

Feature IC Markets Tickmill
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
CBI Authorised (Ireland)
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
FMA Authorised (New Zealand)
No No

Tier-2 Licenses (Average Trust)

Feature IC Markets Tickmill
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
SEBI Authorised (India)
No No
ISA Authorised (Israel)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No Yes
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses (Low Trust)

Feature IC Markets Tickmill
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
VFSC Authorised (Vanuatu)
No No

Investments

Feature IC Markets Tickmill
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
3583 87
Forex Pairs (Total)
61 62
US 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 (CFD)
Yes Yes
Crypto Disclaimer (UK) 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

Feature IC Markets Tickmill
Average Spread EUR/USD - Standard
0.62 (August 2021) 0.27 (September 2021)
All-in Cost EUR/USD - Active
0.62 (August 2021) 0.47 (September 2021)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes Yes
Execution: Market Maker
Yes Yes

Funding

Feature IC Markets Tickmill
Minimum Deposit
$200 $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 IC 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 Yes
cTrader
Yes No
DupliTrade
No No
ZuluTrade
Yes Yes

Trading Tools

Feature IC 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)
15 15
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes

Mobile Trading

Feature IC 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
30 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
Yes Yes

Research

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

Education

Feature IC Markets Tickmill
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature IC 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 IC Markets Tickmill
Overall 4.5 4
Commissions & Fees 5 5
Offering of Investments 4.5 3.5
Platforms & Tools 4 4
Mobile Trading Apps 4 4
Research 3.5 4
Education 4 4
Trust Score 86 82
IC Markets Review Tickmill Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs Tickmill.

Does IC 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 IC Markets or Tickmill safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both IC Markets and Tickmill hold 1 global Tier-1 licenses. Tickmill holds 2 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, IC Markets earned a higher Trust Score than Tickmill.

Which trading platform is better: IC Markets or Tickmill?
To compare the trading platforms of both IC Markets and Tickmill, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, Tickmill offers superior market research. Finally, we found IC 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. IC Markets and Tickmill both offer copy trading. Both IC 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 IC Markets's 61 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while Tickmill has 87 available CFDs, a difference of 3,496.

Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust Tickmill?
Tickmill is not publicly traded and does not operate a bank. Tickmill is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Tickmill is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is IC Markets good?
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Is Tickmill good?
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.

Overall winner: IC Markets

Read Next: Best Forex Brokers 2022


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