Saxo vs Tickmill 2025
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.
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.
When comparing online brokers, Saxo and Tickmill stand out with their strong regulatory standings, though they differ in certain key aspects. Saxo, founded in 1992, is also a licensed bank, which adds a layer of security for investors. With 7 Tier-1 licenses—licenses considered to be of the highest trust—Saxo establishes itself as a leader in the industry. In fact, Saxo's Trust Score is a stellar 99 out of 99, reflecting its highly trusted status according to ForexBrokers.com. While not publicly traded, Saxo offers a reassuring depth of regulatory oversight.
Tickmill, on the other hand, was founded in 2014 and, while it's not a bank, it manages to hold its ground with a robust suite of licenses. The broker possesses 2 Tier-1 and 2 Tier-2 licenses, both of which are indicative of a respectable level of trust. With a Trust Score of 86 out of 99, Tickmill is classified as a trusted broker by ForexBrokers.com, although it doesn't quite reach the same high trust level as Saxo. Both brokers provide valuable options for traders, yet Saxo edges out with more comprehensive regulatory credentials.
Feature |
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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 offers highly competitive pricing, especially appealing to active and high-volume traders due to its excellent all-around rates. For those with significant account balances, Saxo’s pricing structures for its Platinum and VIP accounts are close to the industry average, with spreads on EUR/USD as low as 0.9 pips in its VIP tier. The Classic account has slightly higher spreads, averaging 1.1 pips. Saxo is commission-free for forex trading, although beginners trading fewer than 50,000 units may face a $3 ticket fee per side. The broker waives custody fees for traders engaging in securities lending, and offers a generous zero-dollar minimum deposit for Classic accounts, while elite investors are rewarded with exclusive VIP account benefits for deposits of $1,000,000 or more. Saxo has a premium star rating of five out of five, ranking #9 out of 63 brokers for commissions and fees.
In contrast, Tickmill provides two primary account options: Classic and Raw. The Raw account, designed for serious traders, features very low spreads, with typical rates at 0.11 pips for EUR/USD, though the overall cost rises to 0.71 pips when factoring in the $6 per standard lot commission. While the Classic account is entirely commission-free, it has a higher average spread of 1.76 pips. The Raw account supports high efficiency in trading with tighter spreads and low entry barriers, set at a $100 minimum deposit. Despite the recent increase in its commission structure, Tickmill remains a top choice for active traders. Tickmill also holds a five out of five star rating, proudly placed at #4 out of 63 brokers for commissions and fees.
Both Saxo and Tickmill lead the field with their exceptional fee and commission offerings, tailored for distinct investor needs. Saxo focuses on high-balance accounts and luxury access via its loyalty program, while Tickmill caters to active traders with enticing spreads and minimal entry costs. The choice between them hinges on the trader's priorities, whether it's exclusive VIP client experiences and minimal spreads or simple, cost-effective trading with low barriers to entry.
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Minimum Deposit | $0 | $100 |
Average spread (EUR/USD) - Standard account | 1.1 | 1.70 |
All-in Cost EUR/USD - Active | 0.9 | 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 vs Tickmill: both brokers let you trade forex as CFDs or spot and both support copy trading. For market choice, Saxo is far broader, offering about 70,000 tradeable symbols and 190 forex pairs, compared with Tickmill’s 637 symbols and 63 pairs. Saxo also lets you buy exchange-traded securities on U.S. and international markets (for example, Apple on Nasdaq or Vodafone in London), while Tickmill does not offer exchange-listed shares. Neither broker offers delivered cryptocurrency, but both provide cryptocurrency CFDs.
For the range of investments category, ForexBrokers.com rates Saxo 5/5 stars and ranks it #3 out of 63 brokers, while Tickmill earns 3.5/5 stars and ranks #43. If you want the widest selection of instruments and access to global stock exchanges, Saxo is the better fit; if you mainly trade forex and CFDs and don’t need stocks from U.S. or overseas exchanges, Tickmill can still meet your needs.
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Forex Trading (Spot or CFDs) | Yes | Yes |
Tradeable Symbols (Total) | 70000 | 637 |
Forex Pairs (Total) | 190 | 63 |
U.S. Stocks (Shares) | Yes | No |
Global Stocks (Non-U.S. Shares) | Yes | No |
Copy Trading | Yes | 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.
Comparing Saxo and Tickmill on trading platforms and tools, both brokers offer free demo (paper) accounts, web and Windows desktop platforms, copy trading, and the ability to place trades directly from charts. The key split is platform choice: Saxo provides its own in-house platform suite, while Tickmill does not have a proprietary platform and instead focuses on MetaTrader.
If you want MetaTrader, Tickmill supports both MT4 and MT5, whereas Saxo does not. If you prefer a proprietary experience, Saxo stands out and earns higher marks: ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers for Trading Platforms and Tools, compared to Tickmill’s 4 stars and #30 ranking. Your choice comes down to whether you value MetaTrader compatibility (Tickmill) or an in-house platform that’s highly rated for its tools (Saxo).
Feature |
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Virtual Trading (Demo) | Yes | Yes |
Proprietary Desktop Trading Platform | Yes | No |
Desktop Platform (Windows) | Yes | Yes |
Web Platform | Yes | Yes |
Copy Trading | Yes | Yes |
MetaTrader 4 (MT4) | No | Yes |
MetaTrader 5 (MT5) | No | Yes |
Charting - Indicators / Studies (Total) | 64 | 91 |
Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Tickmill both offer mobile trading apps for iPhone (iOS) and Android. Each app supports price alerts for stocks and forex, trendline drawing on charts, and auto-saving of your chart annotations. A key difference is watchlist syncing: Saxo syncs watchlists between the app and your online account, while Tickmill does not, which can matter if you switch devices or trade across web and mobile.
For charting depth, Saxo includes 64 technical studies compared with Tickmill’s 30. Independent ratings reflect this gap: ForexBrokers.com gives Saxo 5 stars and ranks it #2 out of 63 brokers for Mobile Trading Apps, while Tickmill earns 4 stars and ranks #30. If you want fuller indicators and seamless watchlist syncing, Saxo stands out; if you need the basics with alerts and drawing tools, Tickmill covers those essentials.
Feature |
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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.
Comparing Saxo and Tickmill in terms of market research reveals notable differences in their offerings. Both brokers provide daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, ensuring that traders have access to current and reliable information. While Saxo offers advanced analysis tools from Autochartist, a feature not available with Tickmill, Tickmill compensates by offering tools from Acuity Trading, which Saxo lacks. Both platforms also include sentiment-based trading tools to aid decision-making, and they provide economic calendars for global news events.
In terms of overall research quality, Saxo stands out with a 5-star rating and is ranked #1 by ForexBrokers.com among 63 brokers. This suggests a strong capability to cater to in-depth research needs. In contrast, Tickmill, though reliable with a 4-star rating, is ranked #21, indicating a relative gap in research strength compared to Saxo. For traders prioritizing comprehensive research tools, Saxo might offer a slight edge, yet Tickmill remains a viable choice for those who value different tool integrations.
Feature |
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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.
For beginners, both Saxo and Tickmill deliver forex and CFD education that’s easy to follow. Each broker runs online client webinars at least once a month and offers a sizable video library, including at least 10 beginner videos and at least 10 advanced lessons. This makes it simple to start with the basics and then move into more detailed trading topics as your confidence grows.
Saxo edges ahead in independent ratings: it earns 5 out of 5 stars for Education and ranks 13th out of 63 brokers at ForexBrokers.com, while Tickmill scores 4 out of 5 stars and ranks 15th. In short, both are solid choices for learning, but Saxo takes the lead for overall quality, and Tickmill still provides plenty of helpful content and consistent webinars for new traders.
Feature |
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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 #22.
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.
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Overall Rating |
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Trust Score | 99 | 86 |
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Research |
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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 5Overall Rating | Saxo | Tickmill | |
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Platforms & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 99 | 86 | |
Winner | check_circle | ||
Review | Saxo Review | Tickmill Review |
Broker Screenshots | Saxo | Tickmill | |
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Broker Gallery (click to expand) |
Regulation | Saxo | Tickmill | |
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Trust Score | 99 | 86 | |
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 | |
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Australia (ASIC Authorised) | Yes | No | |
Canada (CIRO Authorised) | No | No | |
Hong Kong (SFC Authorised) | Yes | No | |
Japan (SFC 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 | |
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Kenya (CMA Authorised) | |||
Israel (ISA Authorised) | No | No | |
South Africa (FSCA Authorised) | No | Yes | |
UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
India (SEBI Authorised) | No | No | |
Jordan (JSC Authorised) |
Investments | Saxo | Tickmill | |
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Forex Trading (Spot or CFDs) | Yes | Yes | |
Tradeable Symbols (Total) | 70000 | 637 | |
Forex Pairs (Total) | 190 | 63 | |
U.S. Stocks (Shares) | Yes | No | |
Global Stocks (Non-U.S. Shares) | Yes | No | |
Copy Trading | Yes | 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 | |
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Average spread (EUR/USD) - Standard account | 1.1 | 1.70 | |
All-in Cost EUR/USD - Active | 0.9 | 0.70 | |
Inactivity Fee | Yes | No | |
Order execution: Agency | Yes | Yes | |
Order execution: Market Maker | Yes | Yes |
Funding | Saxo | Tickmill | |
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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 | |
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Proprietary Desktop Trading Platform | Yes | No | |
Desktop Platform (Windows) | Yes | Yes | |
Web Platform | Yes | Yes | |
Copy Trading | Yes | Yes | |
MetaTrader 4 (MT4) | No | Yes | |
MetaTrader 5 (MT5) | No | Yes | |
cTrader | No | No |
Trading Tools | Saxo | Tickmill | |
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Virtual Trading (Demo) | Yes | Yes | |
Price Alerts | Yes | Yes | |
Charting - Indicators / Studies (Total) | 64 | 91 | |
Charting - Trade From Chart | Yes | Yes | |
Charts can be saved | Yes | Yes |
Mobile Trading | Saxo | Tickmill | |
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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 | |
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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 | |
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Webinars | Yes | Yes | |
Videos - Beginner Trading Videos | Yes | Yes | |
Videos - Advanced Trading Videos | Yes | Yes |
Major Forex Pairs | Saxo | Tickmill | |
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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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Overall Rating |
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Commissions & Fees |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 99 | 86 | |
Winner | check_circle | ||
Review | Saxo Review | Tickmill Review |