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Tickmill vs OctaFX 2020

Is OctaFX better than Tickmill? After testing 30 of the best forex brokers over five months, Tickmill is better than OctaFX. Tickmill is a plain vanilla MT4 broker offering a minimal selection of tradeable securities. That said, Tickmill offers very competitive commission-based pricing for professionals through its VIP and PRO accounts



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 Tickmill OctaFX
Overall 3.5 3
Commissions & Fees 4 3.5
Offering of Investments 3 2.5
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 3.5 3
Education 3 3
Trust Score 81 63
76% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
Tickmill Review OctaFX Review
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Regulation

Feature Tickmill OctaFX
Trust Score 81 63
Year Founded
2014 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 0
Tier-2 Licenses
2 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Tickmill OctaFX
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature Tickmill OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
62 28
CFDs - Total Offered
13 17
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes

Cost

Feature Tickmill OctaFX
Average Spread EUR/USD - Standard
0.53 (August 2020) 1.1 (July 2020)
All-in Cost EUR/USD - Active
0.32 (August 2020) 1.0 (July 2020)
Active Trader or VIP Discounts
Yes No

Funding

Feature Tickmill OctaFX
Minimum Initial Deposit
$100.00 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Tickmill OctaFX
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No Yes

Trading Tools

Feature Tickmill OctaFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
(Default MT4) (Default MetaTrader/cTrader)
Charting - Indicators / Studies (Total)
(Default MT4) (Default MetaTrader/cTrader)
Charting - Drawing Tools (Total)
(Default MT4) (Default MetaTrader/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Tickmill OctaFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
(Default MT4) (Default MetaTrader/cTrader)
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No Yes

Research

Feature Tickmill OctaFX
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

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

Major Forex Pairs

Feature Tickmill OctaFX
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 Tickmill OctaFX
Overall 3.5 3
Commissions & Fees 4 3.5
Offering of Investments 3 2.5
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 3.5 3
Education 3 3
Trust Score 81 63
Tickmill Review OctaFX Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare OctaFX vs Tickmill.

Does OctaFX 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 OctaFX or Tickmill safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Tickmill holds 1 global Tier-1 licenses, while OctaFX holds 0. Tickmill holds 2 global Tier-2 licenses, while OctaFX holds 1. All regulators considered, Tickmill has a Trust Score of 81.00, while OctaFX's Trust Score is 63.00.

Which trading platform is better: OctaFX or Tickmill?
To compare the trading platforms of both OctaFX and Tickmill, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Tickmill offers a better experience. With research, Tickmill offers superior market research. Finally, we found Tickmill 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. OctaFX and Tickmill both offer copy trading. Both OctaFX 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 OctaFX's 28 available pairs. Forex pairs aside, OctaFX offers traders access to 17 CFDs while Tickmill has 13 available CFDs, a difference of 4.

Overall, between OctaFX and Tickmill, Tickmill is the better forex broker.

OctaFX Review
Tickmill Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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