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 | 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 | 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 the range of investment options between Tickmill and iFOREX, both brokers provide forex trading through Contracts for Difference (CFD) or spot contracts. Tickmill offers 637 tradeable symbols, including 63 forex pairs, while iFOREX provides a slightly larger selection with 750 symbols, featuring 88 forex pairs. Neither platform offers exchange-traded securities on U.S. or international exchanges, so you won't find options to purchase stocks like Apple or Vodafone directly.
Both brokers enable trading in cryptocurrency derivatives, although they don't allow the purchase of actual cryptocurrencies. Tickmill holds an advantage with its option for copy trading, a feature that iFOREX lacks. Despite these differences, both Tickmill and iFOREX receive the same rating of 3.5 stars for their range of investments. According to ForexBrokers.com rankings, iFOREX edges just ahead of Tickmill, occupying the 41st spot compared to Tickmill's 42nd out of 63 brokers in the range of investments category.
| Feature |
Tickmill
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 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 distinct options in trading platforms and tools for online traders. Tickmill provides a comprehensive suite, offering free virtual demo accounts that allow users to practice without financial risk, and supports popular trading platforms like MetaTrader 4 and MetaTrader 5. It also caters to Windows users with a desktop download option. Furthermore, Tickmill's platform includes copy trading features to enhance the trading experience. In contrast, iFOREX offers a proprietary web-based trading platform, eliminating the need for any software downloads. While it does not provide a virtual demo account or support MetaTrader platforms, iFOREX is tailored to those who prefer a unique, in-browser trading experience.
Charting capabilities and usability also differ between the two brokers. iFOREX stands out with 25 drawing tools for those who rely heavily on technical analysis, compared to Tickmill's 9. Both brokers allow trading directly from stock charts, adding ease to the trading process. As for watch lists, iFOREX offers more fields for customization, with nine available options compared to Tickmill's seven. Despite these differences, both brokers are rated four out of five stars for their trading platforms and tools. However, Tickmill is ranked higher at #29 compared to iFOREX's #54 by ForexBrokers.com, suggesting a stronger overall preference among users.
| 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) | 91 | 57 |
| Charting - Drawing Tools (Total) | 9 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and iFOREX, both platforms cater to iPhone and Android users, providing essential accessibility to traders on the go. Tickmill stands out by offering features like stock or forex price alerts, the ability to draw trendlines, and the option to view multiple time frames on charts, which are not available on iFOREX's app. While both brokers lack watchlist symbol syncing across mobile and online accounts, only Tickmill supports real-time watchlist creation. Furthermore, Tickmill's users can take advantage of 30 technical studies for charting, whereas iFOREX does not offer this feature.
In terms of performance, both Tickmill and iFOREX rate four out of five stars for their mobile trading apps. However, Tickmill ranks higher overall in the Mobile Trading Apps category, positioned at #29 compared to iFOREX’s #55, according to ForexBrokers.com. Tickmill's ability to auto-save chart drawings adds to its user-friendly experience, making it preferable for traders seeking flexibility and detailed analysis in a mobile format.
| 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.
When comparing Tickmill and iFOREX for their market research offerings, both brokers provide daily market commentary to keep traders informed. Tickmill stands out by delivering forex news sourced from top-tier providers like Bloomberg and Reuters, a feature that iFOREX lacks. While neither broker offers tools from Autochartist, iFOREX does provide research tools from Trading Central, which Tickmill does not include in its offerings.
For traders interested in sentiment analysis, both Tickmill and iFOREX offer tools to view long and short positions across various currency pairs. However, Tickmill bolsters its research suite with tools from Acuity Trading, such as the Signal Centre, and provides a comprehensive economic calendar. Despite its robust offerings, Tickmill lacks TipRanks research, which iFOREX also does not provide. Overall, Tickmill holds a slight edge with a 4-star research rating versus iFOREX's 3.5 stars and ranks higher at 21 out of 63 brokers compared to iFOREX's 48.
| 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 | |
| Signal Centre (Acuity Trading) | Yes | |
| 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
|
|---|---|---|
| Overall Rating |
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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 |
| Broker Screenshots | Tickmill | iFOREX | |
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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) | |||
| 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) | |||
| 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) |
| Investments | Tickmill | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 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 | 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 | 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) | 91 | 57 | |
| Charting - Drawing Tools (Total) | 9 | 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 | ||
| 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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