Written by ForexBrokers.com
In this head to head comparison of IC 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.
IC Markets vs Tickmill: both are regulated online brokers with solid marks for safety. On the ForexBrokers.com Trust Score scale (90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, under 59 not trusted), IC Markets scores 83 and Tickmill 85—so both are “trusted,” with Tickmill a touch higher.
Regulation and company basics: each broker holds 2 Tier-1 licenses. Tickmill also has 2 Tier-2 licenses, while IC Markets has none. Neither broker is publicly traded or a bank. IC Markets was founded in 2007; Tickmill in 2014. If added Tier-2 coverage matters to you, Tickmill may appeal; if a longer operating history matters, IC Markets is older.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
IC Markets and Tickmill are both known for low trading costs, but IC Markets takes a slight lead on headline pricing. IC Markets is rated 5 out of 5 stars for commissions and fees and ranks #5 out of 63 brokers (and won Best in Class for 2024), while Tickmill earns 4.5 out of 5 stars and ranks #10 out of 63.
On commission-based accounts, IC Markets’ cTrader Raw charges $3.00 per side ($6 RT) with an average EUR/USD spread listed at 0.02 pips, giving an all-in cost of about 0.62 pips; its MetaTrader Raw is $3.50 per side ($7 RT) for about 0.72 pips all-in. Tickmill’s Raw account now charges $3.00 per side ($6 RT) and lists a typical EUR/USD spread of 0.11 pips, for an estimated 0.71 pips all-in. For commission-free options, IC Markets’ Standard account lists an average 0.62-pip spread, while Tickmill’s Classic averages 1.76 pips. Note: pricing can vary by platform, account type, market conditions, and (for IC Markets) by its European, Australian, or Seychelles entities.
For the lowest estimated all-in cost on EUR/USD, IC Markets’ cTrader Raw has the edge, and its Standard account is also very competitive for spread-only trading. Tickmill’s Raw remains attractive for active traders thanks to tight spreads and a low $100 minimum, while IC Markets offers volume discounts above 100 lots per month and a low minimum deposit on its commission accounts. Your best choice may come down to platform preference (cTrader vs. MetaTrader), expected trade size, and whether you prefer spread-only or commission-based pricing.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $200 | 100 |
| Average spread (EUR/USD) - Standard account | 0.62 | 1.70 |
| All-in Cost EUR/USD - Active | 0.62 | 0.70 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, IC Markets has the edge over Tickmill. Both brokers let you trade forex as CFDs, offer copy trading, and provide cryptocurrency CFDs, but neither allows buying actual crypto or U.S.-listed exchange traded securities. IC Markets stands out with a much larger selection of tradeable symbols overall, offering 3,583 instruments compared with Tickmill’s 637.
For forex traders, the two brokers are very close: IC Markets lists 61 currency pairs, while Tickmill offers 62. The bigger difference is in other markets, where IC Markets also gives access to international exchange traded securities such as non-U.S. shares, and that broader choice is reflected in its stronger range of investments rating of 4.5 out of 5 stars and a #22 ranking, compared with Tickmill’s 3.5 stars and #30 ranking.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 637 |
| Forex Pairs (Total) | 61 | 62 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
IC Markets vs Tickmill: both brokers offer free demo (paper) accounts, and neither uses a proprietary trading platform. Instead, they provide the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Windows desktop and via web-based platforms. Each supports copy trading and lets you place trades directly from charts. For trading platforms and tools, both earn 4 out of 5 stars.
Where they differ is in third‑party rankings: IC Markets is rated #17 out of 63 brokers for Trading Platforms and Tools by ForexBrokers.com, while Tickmill is #24. Because both rely on MT4/MT5, your charting indicators and watchlist features come from those platforms and any add-ons you install. If you want a slightly higher platforms/tools ranking, IC Markets has the edge; otherwise, the overall platform experience should feel similar on either broker.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 97 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and Tickmill both offer mobile trading apps for iPhone and Android, so either broker gives traders access on the go. Both apps let you draw trendlines on charts and each earns a 4-star rating for mobile trading apps. IC Markets also stands out for offering stock or forex price alerts and for automatically saving chart drawings, which can be helpful if you switch between devices or return to a chart later.
Tickmill has a clear edge in charting depth, with 97 technical studies in its mobile app compared with 30 at IC Markets. It also supports watchlist symbol syncing, so changes made in the app can carry over to the online account, while IC Markets does not offer this feature. In ForexBrokers.com’s ranking of 63 brokers, IC Markets places slightly higher for mobile trading apps at #22, while Tickmill is ranked #25.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 97 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
IC Markets and Tickmill both give traders useful market research, including daily market commentary and an economic calendar with current and upcoming global events. Each also earns a 4-star rating for Research from ForexBrokers.com, showing that both brokers offer a solid level of support for traders who want to stay informed.
Where IC Markets stands out is in the wider range of research tools it provides. It offers top-tier forex news sources such as Bloomberg, Reuters, and Dow Jones, plus tools from Autochartist and Trading Central, and a sentiment tool that helps show whether traders are leaning long or short. Tickmill does not offer those same extras, but it does include research from Acuity Trading, such as Signal Centre. In ForexBrokers.com’s Research ranking, Tickmill places slightly higher at #19 out of 63 brokers, while IC Markets ranks #21.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IC Markets vs Tickmill for beginner education: both brokers deliver forex and CFD education that meets the 10+ piece threshold. Each runs ongoing client webinars at least once a month and offers extensive beginner video libraries (10+ videos) that explain trading basics in clear terms. As you progress, both also provide 10+ advanced videos, so there’s room to grow beyond the fundamentals.
According to ForexBrokers.com, both IC Markets and Tickmill earn 4 stars for Education. Tickmill ranks slightly higher at #14 out of 63 brokers, while IC Markets sits at #16. For most beginners, the learning experience will feel very similar at either broker—choose Tickmill if you value the marginally higher ranking, or go with IC Markets if its platform lineup or other features suit you better.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than Tickmill. IC Markets finished with an overall rank of #21, while Tickmill finished with an overall rank of #23.
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.
| Feature |
IC Markets
|
Tickmill
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 83 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
IC Markets vs Tickmill: neither broker supports purchasing actual delivered cryptocurrencies, but both offer cryptocurrency CFDs for trading, enabling speculation on crypto price movements without owning the underlying asset.
IC Markets vs Tickmill: for deposits and withdrawals, neither supports ACH or SEPA transfers; both support PayPal, Skrill, and bank wire transfers; Visa/Mastercard availability is not specified for either broker.
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 | IC Markets | Tickmill | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Tickmill Review |
| Broker Screenshots | IC Markets | Tickmill | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | IC Markets | Tickmill | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2007 | 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 | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | IC Markets | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IC Markets | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 637 | |
| Forex Pairs (Total) | 61 | 62 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | IC Markets | Tickmill | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.62 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.62 | 0.70 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $200 | 100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | IC Markets | Tickmill | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | 97 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | Tickmill | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 97 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | IC Markets | Tickmill | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | Tickmill | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | IC Markets | Tickmill | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IC Markets Review | Tickmill Review |
| Overall | IC Markets | Tickmill | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Tickmill Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill