Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
Saxo and Tickmill are online brokers with different regulatory footprints. Saxo, founded in 1992, is a bank and not publicly traded. Tickmill, founded in 2014, is not publicly traded and is not a bank. In terms of regulation, Saxo holds 7 Tier-1 licenses and 1 Tier-2 license, while Tickmill holds 2 Tier-1 and 2 Tier-2 licenses.
On ForexBrokers.com’s Trust Score, which classifies 90-99 as highly trusted and 80-89 as trusted, Saxo scores 99/99 (highly trusted) and Tickmill scores 85/99 (trusted). For traders prioritizing regulation and safety, Saxo shows the stronger profile, while Tickmill still earns a trusted rating.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Year Founded | 1992 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo (5 stars; ranked #8 of 63 for Commissions & Fees) and Tickmill (4.5 stars; ranked #10 of 63) both aim to keep costs down, but they price trades differently. Saxo is spread-only on forex with no per-trade commission, while Tickmill’s sharpest pricing comes via its commission-based Raw account. Which one is cheaper depends on your account tier and how much you trade.
For Saxo, average EUR/USD spreads as of November 2023 were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips tighter. The Classic account now has a $0 minimum deposit; Platinum requires $200,000 (or a loyalty upgrade), and VIP typically needs $1,000,000 (or qualifying volume). Forex trading is commission-free, though trading under 50,000 units in a month triggers a $3-per-side ticket fee. Saxo also waives custody fees for share trading if you opt into securities lending.
Tickmill’s Classic account is commission-free but showed higher average EUR/USD spreads of about 1.76 pips (August 2023). Its Raw account (minimum $100) lists a typical EUR/USD spread of 0.11 pips (October 2023) plus a $3-per-side commission per 100,000 units, putting the all-in cost near 0.71 pips in normal conditions. That can undercut Saxo’s Classic pricing and even beat the average spreads on Saxo’s Platinum and VIP tiers, whereas high-volume or large-balance traders who prefer no per-trade commissions may still favor Saxo’s spread-only model.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.70 |
| All-in Cost EUR/USD - Active | 0.8 | 0.70 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo and Tickmill both support forex trading as CFDs and spot. When it comes to total markets, Saxo lists about 71,000 tradeable symbols and 190 forex pairs, while Tickmill offers 637 symbols and 63 forex pairs. Saxo also lets clients buy exchange-traded securities on U.S. exchanges (like Apple) and on international exchanges (like Vodafone), not just CFDs; Tickmill does not offer exchange-traded shares. Both brokers provide cryptocurrency as CFDs only; neither sells actual, delivered crypto. For social features, Tickmill supports copy trading, whereas Saxo does not.
These differences show up in third-party ratings: for Range of Investments, Saxo earns 5 stars and ranks #3 out of 63 brokers on ForexBrokers.com, while Tickmill scores 3.5 stars and ranks #30. Choose Saxo if you want a very wide product lineup and direct stock access, and consider Tickmill if you prefer a leaner selection with copy trading and a focus on forex and CFDs.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 637 |
| Forex Pairs (Total) | 190 | 63 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
In this Saxo vs Tickmill comparison of trading platforms and tools, both brokers provide a free demo account, Windows desktop and web platforms, and the ability to place trades directly from charts. The main differences are platform choice and extras: Saxo offers its own in-house platform but does not support MetaTrader or copy trading, while Tickmill does not have a proprietary platform yet supports MetaTrader 4 and MetaTrader 5 and includes copy trading.
For ratings, Saxo earns 5/5 stars and ranks #3 out of 63 brokers for Trading Platforms and Tools on ForexBrokers.com, while Tickmill scores 4/5 stars and ranks #24. Choose Saxo if you want a streamlined proprietary platform experience; pick Tickmill if you prefer MT4 or MT5 and want copy trading alongside web and desktop access.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 91 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Tickmill both offer iPhone and Android mobile trading apps with stock and forex price alerts, trendline drawing, and auto‑saved chart annotations. Where they differ is depth and convenience: Saxo’s app includes 64 technical studies versus 30 on Tickmill, and Saxo syncs watchlists across devices while Tickmill does not. If you want richer charting tools and seamless watchlist syncing between mobile and web, Saxo stands out; Tickmill covers the essentials but with fewer indicators and no cross‑device watchlist sync.
Independent ratings back this up: Saxo earns 5 stars and ranks #3 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Tickmill earns 4 stars and ranks #25. For traders comparing Saxo vs Tickmill, Saxo is the better pick for advanced mobile charting and continuity, whereas Tickmill suits users who simply need a solid, straightforward app.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo vs Tickmill for market research: both brokers deliver daily market commentary, forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), sentiment tools that show long/short ratios, and an economic calendar. The big difference is recognition and overall depth. Saxo is rated 5 stars for Research and ranked #1 out of 63 brokers by ForexBrokers.com, while Tickmill is rated 4 stars and ranked #19.
Tool coverage also sets them apart. Saxo includes Autochartist for technical and fundamental pattern spotting, but does not offer Trading Central, TipRanks, or Acuity Trading. Tickmill does not include Autochartist or Trading Central, yet it adds Acuity Trading’s Signal Centre for actionable ideas. Choose Saxo if you want the highest-rated research experience with Autochartist; pick Tickmill if you prefer Acuity-powered signals alongside daily analysis and premium news.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Saxo vs Tickmill for beginner education, both brokers make it easy to learn the basics of forex and CFDs. Each runs client webinars at least once a month and offers 10+ beginner videos, so new traders can get up to speed on core topics like how trades work and how to manage risk. Both also include 10+ advanced videos, giving you room to grow as your skills improve.
Saxo edges ahead on quality: it earns 5 stars for Education and is ranked #12 out of 63 brokers in the Education category by ForexBrokers.com, while Tickmill holds 4 stars and ranks #14. If you want the highest-rated learning library with regular webinars and plenty of beginner-friendly videos, Saxo is the better pick. If you’re fine with slightly lower ratings but still want frequent webinars and ample beginner content, Tickmill is a strong alternative.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Tickmill. Saxo finished with an overall rank of #3, while Tickmill finished with an overall rank of #23.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Tickmill
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| Trust Score | 99 | 85 |
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In the Saxo vs Tickmill comparison, neither broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading.
Comparing online brokers Saxo and Tickmill for deposits and withdrawals: both support bank wire transfers and do not offer ACH or SEPA, but Tickmill additionally supports PayPal and Skrill whereas Saxo offers neither.
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 | Saxo | Tickmill | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | Tickmill Review |
| Broker Screenshots | Saxo | Tickmill | |
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| Regulation | Saxo | Tickmill | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1992 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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) | Saxo | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 637 | |
| Forex Pairs (Total) | 190 | 63 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Saxo | Tickmill | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 1.70 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.70 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | Tickmill | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 91 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Tickmill | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Tickmill | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Tickmill | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | Tickmill | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | Tickmill Review |
| Overall | Saxo | Tickmill | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | Tickmill Review |
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