Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA, established in 1996, and Tickmill, founded in 2014, are both online brokers known for their reliability and trustworthiness. Neither company is publicly traded or operates as a bank, emphasizing their focus solely on brokerage services. OANDA boasts a significant advantage in regulatory credentials, holding 7 Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In contrast, Tickmill holds 2 Tier-1 and 2 Tier-2 licenses. OANDA’s commitment to secure trading environments is reflected in its impressive Trust Score rating of 93 out of 99, categorizing it as highly trusted, while Tickmill’s score of 86 still maintains a trusted standing.
For traders prioritizing security and established track records, OANDA offers a strong case with its higher number of top-tier licenses and longevity in the market. Tickmill, though younger and with fewer top-tier licenses, remains a trusted option for many thanks to its solid Trust Score and regulatory backing. Choosing the right broker depends largely on individual needs, but both OANDA and Tickmill provide regulated, trustworthy platforms for traders around the globe.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing OANDA and Tickmill based on their commissions and fees, investors will find distinct differences. OANDA is known for its automated execution but comes with higher trading costs, reflected in its spreads. The average spread for OANDA’s non-core pricing is 1.61 pips on the EUR/USD pair. While OANDA offers core pricing with narrower spreads and a commission structure of $5 per $100,000 traded, the effective cost is slightly better than commission-free pricing but still higher than many competitors. OANDA’s transparency initiative allows continuous updates of its trailing average spreads, but the lack of fixed-period average spread data makes precise comparisons challenging. Rated 4 out of 5 stars, OANDA stands at the 34th position out of 63 brokers for its commissions and fees.
Tickmill, on the other hand, presents a more cost-effective option with its Classic and Raw accounts. The Classic account is commission-free but features higher spreads, averaging 1.76 pips. Conversely, Tickmill’s Raw account offers low spreads, noted at 0.11 pips for the EUR/USD in typical market conditions, and competes with a per-trade commission of $3 per side, totaling a more competitive all-in cost of 0.71 pips. Despite the recent increase in the Raw account’s commission, Tickmill maintains an edge with lower overall costs, positioning it ideally for active traders. With a 5-star rating, Tickmill ranks as the 4th out of 63 brokers according to ForexBrokers.com.
While OANDA delivers reliable execution services, traders looking for more competitive rates may lean towards Tickmill. Choosing between the two depends on one’s trading style, cost preferences, and desired account features. For new traders or those aiming to minimize costs, Tickmill’s lower entry barrier and competitive pricing make it a favorable choice in the market landscape. Meanwhile, OANDA suits traders who prioritize execution automation despite its relatively higher costs.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | 0.51 |
| All-in Cost EUR/USD - Active | 1.61 | 0.31 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | 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.
OANDA and Tickmill are both reputable online brokers offering forex trading as CFDs or spot contracts. When it comes to the range of tradable symbols, OANDA provides access to 3,928 symbols, significantly more than Tickmill's 725. This extensive offering includes 68 forex pairs, slightly above Tickmill's 63 pairs. However, both brokers do not offer exchange-traded securities on U.S. or international exchanges, meaning clients cannot buy stocks like Apple or Vodafone directly.
Both OANDA and Tickmill support copy trading, but OANDA takes a step further by offering the ability to buy actual cryptocurrencies, in addition to cryptocurrency derivatives. Tickmill, on the other hand, only offers crypto derivatives. In the category of Range of Investments, OANDA is rated with four stars and ranked 27th by ForexBrokers.com, whereas Tickmill holds a 3.5-star rating and ranks 42nd. These factors make OANDA a slightly more versatile option for traders seeking a wider array of investment opportunities.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 725 |
| Forex Pairs (Total) | 68 | 63 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
OANDA and Tickmill both support traders with a variety of trading platforms and tools that cater to different needs. Both brokers offer free demo accounts for newcomers or those wanting to test strategies without using real money. OANDA features its own platform developed in-house, providing a distinctive touch that suits traders looking for a unique experience. In contrast, Tickmill utilizes popular third-party platforms like MetaTrader 4 and MetaTrader 5. Both brokers offer Windows desktop downloads as well as web-based trading options, ensuring accessibility from different devices. Additionally, copying trading strategies is available with both platforms, though features like DupliTrade or ZuluTrade are not supported by either.
When it comes to charting, OANDA stands out with a comprehensive suite of 431 drawing tools, significantly more than Tickmill’s 15. OANDA also facilitates stock chart trading and provides six columns for customizing watch lists, whereas Tickmill offers seven fields. Both are highly rated for their trading platforms and tools, each earning four out of five stars. However, OANDA edges slightly ahead in rankings by ForexBrokers.com, sitting at position 15 out of 63 brokers, compared to Tickmill's rank of 32. This reinforced credibility might sway traders who seek a broader range of customizable options and platform-specific innovations.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When evaluating mobile trading apps, both OANDA and Tickmill stand out for their comprehensive features, offering apps compatible with both iPhone and Android devices. Mobile traders will find essential features such as price alerts, trendline drawing, multiple time frame views, and real-time quote watchlist creation in both apps. However, neither platform provides watchlist symbol syncing between the mobile app and online accounts. In terms of technical studies for charting, both apps offer an impressive 30 options, catering to various analytic needs.
Despite these similarities, OANDA has a slight edge with a top rating of 5 stars, compared to Tickmill's 4 stars. This distinction is reflected in their rankings in ForexBrokers.com's Mobile Trading Apps category, where OANDA holds the 7th position out of 63 brokers, while Tickmill stands at 32nd. For those heavily reliant on mobile trading, OANDA might offer a more polished experience, but both platforms provide a feature-rich and user-friendly environment for mobile traders.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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.
When comparing OANDA and Tickmill for market research, both brokers stand out with daily market commentary and forex news sourced from top-tier outlets. However, OANDA leverages tools like Autochartist for technical and fundamental analysis, which Tickmill does not offer. Both brokers provide sentiment-based trading tools, demonstrating their commitment to catering to traders interested in market psychology. Additionally, while neither broker partners with TipRanks or Trading Central, Tickmill collaborates with Acuity Trading's Signal Centre, offering a unique edge in diversified research tools.
OANDA's research offerings are highly regarded, earning it a 5-star rating along with a stellar 5th place ranking out of 63 brokers in the ForexBrokers.com Research category. In contrast, Tickmill, while still notable with a 4-star rating, sits at the 22nd position. Both platforms include comprehensive economic calendars, ensuring traders have current access to global economic events. Interested traders might prefer OANDA for more comprehensive technical analysis options, while those looking for diverse research tools may appreciate Tickmill’s offerings more.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both OANDA and Tickmill offer comprehensive tools to help newcomers navigate the world of forex and CFDs trading. OANDA provides a minimum of 10 educational pieces including articles and videos focused on these markets. Tickmill matches this offering with its own suite of educational content aimed at giving beginners a solid foundation. Both platforms also host online educational webinars at least once a month and maintain archives of recorded sessions for convenient access. Additionally, OANDA and Tickmill supply more than 10 beginner-focused videos tailored to those just starting out in trading, as well as more advanced content for experienced traders. Each broker offers an investor dictionary featuring over 50 essential investing terms, enriching the learning experience for traders at all levels.
Despite these similar offerings, OANDA receives a five-star rating for Education, compared to Tickmill's four-star rating. According to ForexBrokers.com, OANDA is ranked #22 out of 63 brokers in the Education category, while Tickmill is positioned higher at #15. This suggests that while Tickmill might offer a slightly better overall educational experience in the eyes of some evaluators, OANDA is still highly rated for the quality and breadth of its educational resources. Whether you choose OANDA or Tickmill, both platforms provide valuable educational content for beginners seeking to build their trading knowledge.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 OANDA is better than Tickmill. OANDA finished with an overall rank of #12, while Tickmill finished with an overall rank of #22.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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When comparing OANDA and Tickmill in the realm of cryptocurrency trading, OANDA provides the advantage of purchasing actual delivered cryptocurrencies in addition to cryptocurrency derivatives, while Tickmill only offers the option to trade cryptocurrency derivatives.
When comparing online brokers OANDA and Tickmill, OANDA supports a wider range of deposit and withdrawal options, including ACH or SEPA transfers along with PayPal, Skrill, Visa, Mastercard, and bank wires, while Tickmill offers PayPal, Skrill, Visa, Mastercard, and bank wires but not ACH or SEPA transfers.
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 | OANDA | Tickmill | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | Tickmill Review |
| Broker Screenshots | OANDA | Tickmill | |
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| Regulation | OANDA | Tickmill | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 725 | |
| Forex Pairs (Total) | 68 | 63 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | OANDA | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 0.51 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.31 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Yes | No |
| Trading Platforms | OANDA | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | OANDA | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Tickmill | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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 | OANDA | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Tickmill | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | 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 | |
| Review | OANDA Review | Tickmill Review |
| Overall | OANDA | Tickmill | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | Tickmill Review |
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