Tickmill vs OctaFX Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Tickmill vs OctaFX.
Can I trust Tickmill?
Tickmill is not publicly traded and does not operate a bank. Tickmill is authorised by two tier-1 regulators (Highly Trusted), one tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). Tickmill is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the European Union via MiFID.
Can I trust OctaFX?
OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and zero Tier-4 regulators (High Risk). OctaFX is authorised by the following tier-1 regulators: European Union via MiFID.
Is Tickmill good?
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.
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
What is the minimum deposit requirement for opening an account with Tickmill?
To open a forex trading account with Tickmill, you'll need to make an initial minimum deposit of $100.
What is the minimum deposit requirement for opening an account with OctaFX?
Tickmill requires a minimum deposit of $25 before you can open an account and start trading forex.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Tickmill offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas OctaFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)
Does Tickmill or OctaFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Tickmill offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is Tickmill or OctaFX safer for forex and CFDs trading?
At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Tickmill holds 2 global Tier-1 licenses, while OctaFX holds 1. Both Tickmill and OctaFX hold 1 global Tier-2 licenses.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Tickmill (83) earned a higher Trust Score than OctaFX (70).
Which trading platform is better: Tickmill or OctaFX?
To compare the trading platforms of both Tickmill and OctaFX, 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.
Here’s what trading platforms are available at Tickmill:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - Yes
Here’s what trading platforms are available at OctaFX:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Tickmill and OctaFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Tickmill and OctaFX both offer copy trading.
What can I trade with each broker?
Tickmill provides traders 63 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. If you are interested in trading CFDs, Tickmill offers traders access to 725 CFDs, while OctaFX offers access to 229 CFDs; so Tickmill offers 496 more CFDs than OctaFX.
We found in our testing that Tickmill offers a more diverse selection of investment options than OctaFX, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.
Overall winner: Tickmill
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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.