Written by ForexBrokers.com
In this head to head comparison of Tickmill vs iFOREX, 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.
Established in 2014, Tickmill is a relative newcomer to the online brokerage scene, while iFOREX has a longer history, being founded in 1996. Both brokers are privately owned and are not banks, aligning with standard financial industry practices. When it comes to regulatory strength, Tickmill holds a stronger position with 2 Tier-1 and 2 Tier-2 licenses, compared to iFOREX's 1 Tier-1 license and lack of Tier-2 licenses. This indicates a broader regulatory footprint for Tickmill, providing added peace of mind for investors concerned about financial oversight and security.
In terms of trustworthiness, according to ForexBrokers.com, Tickmill scores an 86 out of 99, placing it in the "trusted" category. On the other hand, iFOREX receives a Trust Score of 75, which falls under the "average risk" category. This comparison highlights Tickmill as a more trusted choice, offering enhanced investor security assurances through its regulatory credentials and trust score, despite both companies being fairly similar in other aspects such as their private ownership and lack of banking status.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Year Founded | 2014 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers Tickmill and iFOREX, Tickmill stands out for its competitive commission and fees structure. Tickmill offers two types of accounts: the Raw account and the commission-free Classic account. For active traders, the Raw account introduced a commission of $3 per side per 100,000 units, contributing to an all-in cost of around 0.71 pips for popular currency pairs like EUR/USD. Despite the recent increase in commission, Tickmill's low spreads and reasonable all-in costs continue to make it an attractive option, earning it a 5-star rating and a #4 ranking out of 63 brokers by ForexBrokers.com.
In contrast, iFOREX's commission and fee structure has not been detailed, and no average spread data is available. This lack of transparency might concern some traders looking for clear-cut information on trading costs. Consequently, iFOREX holds a comparatively lower rating of 3 stars and is ranked #61 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
Both brokers provide viable options depending on trader priorities. Tickmill remains a top contender for those valuing low trading costs and transparency, while iFOREX's appeal may lie elsewhere, as its commission structure is less defined. For those keen on minimizing expenses, Tickmill's well-defined fee schedules and trader-friendly options establish it as a favored choice among the trading community.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 iFOREX for their range of investments, both brokers provide forex trading options as CFDs or spot contracts, catering to traders interested in currency markets. Tickmill offers 725 tradeable symbols, presenting a wide selection for investors, whereas iFOREX provides a slightly higher number with 750 symbols. In terms of forex pairs, Tickmill offers 63 pairs compared to iFOREX’s more extensive selection of 88 pairs. However, neither broker offers the ability to purchase exchange-traded securities directly on U.S. or international exchanges, limiting investors seeking traditional stock investment opportunities. Cryptocurrency enthusiasts can access derivatives on both platforms, but neither allows for the purchase of actual cryptocurrencies.
Tickmill distinguishes itself with the provision of copy trading, a feature missing from iFOREX, which may appeal to investors looking to mimic successful trading strategies. Despite these differences, both brokers are equally rated at 3.5 stars for range of investments according to ForexBrokers.com. In the competitive landscape of 63 brokers, Tickmill ranks #42, while iFOREX holds a slightly better position at #41, indicating a marginal advantage in investment variety according to the rankings.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 750 |
| Forex Pairs (Total) | 63 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 iFOREX present different strengths in trading platforms and tools, catering to diverse trader needs. Tickmill stands out with a free demo account, ideal for beginners to practice without risking real money. While it does not have a proprietary platform, it provides the popular MetaTrader 4 and MetaTrader 5, compatible with Windows and web browsers, offering a wide range of features. Tickmill embraces copy trading, adding versatility to trading strategies. Though it offers fewer drawing tools compared to iFOREX, Tickmill allows trading directly from stock charts, integrating convenience and functionality.
In contrast, iFOREX boasts a proprietary platform designed to enhance user experience, available as a web-based option but lacking a Windows desktop version. Although iFOREX doesn’t support MetaTrader versions or copy trading, its platform provides 25 drawing tools, offering detailed chart analysis. Both brokers facilitate trading from stock charts, while iFOREX supplements with a larger number of watch list fields. Despite their differences, both brokers receive four-star ratings for their trading platforms and tools, with Tickmill ranking higher at #32 compared to iFOREX's #54, reflecting its broader toolset and adaptability across trading styles.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, both Tickmill and iFOREX offer platforms for iPhone and Android users. However, Tickmill distinguishes itself with several additional features that cater to active traders. Tickmill’s app provides essential tools like price alerts and the option to draw trendlines on charts, allowing for a more interactive trading experience. It also supports a comprehensive charting package with 30 technical studies and offers multiple time frame views, which are crucial for traders looking to capitalize on market shifts. Furthermore, Tickmill ensures your work is saved with auto-saving drawings and lets users create streamlined watchlists with real-time quotes.
On the other hand, iFOREX offers a standard mobile app experience but lacks some of the advanced features that Tickmill provides. While users can download the app and access trading on the go, they won’t find price alerts, trendline drawing capabilities, or technical chart studies. Furthermore, watchlists with real-time syncing and quotes are not available, which might be a disadvantage for those wanting up-to-the-minute information. Despite these differences, both apps have been rated four stars for their mobile trading experience, but Tickmill holds a higher ranking at #32 compared to iFOREX at #55 according to ForexBrokers.com. This makes Tickmill a more comprehensive option for mobile trading enthusiasts looking for advanced functionalities.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Tickmill and iFOREX are two prominent online brokers offering comprehensive market research tools, each serving traders' needs in different ways. Both brokers provide daily market commentary to keep investors informed of the latest financial trends. However, Tickmill has an edge by offering forex news from top-tier sources like Bloomberg and Reuters, which iFOREX lacks. While neither broker offers tools from Autochartist, iFOREX stands out with technical analysis tools from Trading Central. Both platforms provide sentiment-based trading tools, reflecting the ratio of long or short positions across various instruments, giving traders insights into market movements.
Looking further into available research tools, Tickmill features offerings from Acuity Trading, enhancing traders' decision-making with tools like Signal Centre, while iFOREX does not. Both Tickmill and iFOREX offer economic calendars to track global news events, aiding traders in strategy planning. With these offerings, Tickmill secures a research rating of 4 stars, ranking 22nd among 63 brokers according to ForexBrokers.com. In contrast, iFOREX holds a 3.5-star rating and ranks 48th, highlighting Tickmill’s superior market research offerings in comparison.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| 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.
When it comes to educational resources for beginner online traders, Tickmill stands out compared to iFOREX. Tickmill offers an extensive range of tools, including over 10 educational pieces such as articles and videos focused on forex and CFDs. They also host regular online client webinars, with an accessible archive of past webinars that users can refer to anytime. Additionally, new traders can benefit from a comprehensive library featuring more than 10 beginner-centric videos. Tickmill further supports its users with an all-encompassing investor dictionary containing definitions of over 50 investing terms. With an education rating of 4 out of 5 stars, Tickmill is ranked 15th out of 63 brokers by ForexBrokers.com for their educational offerings.
On the other hand, iFOREX provides a more limited selection of educational resources for newcomers to trading. While they do offer over 10 videos aimed at beginners, iFOREX falls short in offering webinars and educational articles focused on forex and CFDs topics. Their platform lacks an archive of previous webinars and doesn't provide extensive resources for advanced traders. An investor dictionary is also missing, which might leave users seeking additional external guidance for technical terms. As such, iFOREX receives a slightly lower education rating of 3.5 stars and is ranked 53rd in the education category by ForexBrokers.com. Overall, Tickmill provides more comprehensive educational support for both beginners and experienced traders.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 iFOREX. Tickmill finished with an overall rank of #22, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
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| Trust Score | 86 | 75 |
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Both Tickmill and iFOREX do not provide the option to purchase actual (delivered) cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
Both Tickmill and iFOREX do not offer ACH or SEPA transfers for depositing or withdrawing funds, but they both support PayPal, Skrill, Visa, Mastercard, and bank wires, providing multiple convenient options for their users.
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 | iFOREX | |
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| Trust Score | 86 | 75 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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| Regulation | Tickmill | iFOREX | |
|---|---|---|---|
| Trust Score | 86 | 75 | |
| Year Founded | 2014 | 1996 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 750 | |
| Forex Pairs (Total) | 63 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Tickmill | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Tickmill | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Tickmill | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 86 | 75 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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