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Saxo vs Tickmill 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 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.

Saxo
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 70000
Tickmill
4.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 86
  • Tradeable Symbols (Total): 637

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.

Regulation

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 Saxo logoSaxo
Tickmill logoTickmill
Year Founded info 1992 2014
Publicly Traded (Listed) info No No
Bank info Yes No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

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.

Feature Saxo logoSaxo
Tickmill logoTickmill
Minimum Deposit info $0 $100
Average spread (EUR/USD) - Standard account info 1.1 info 1.70 info
All-in Cost EUR/USD - Active info 0.9 info 0.70 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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.

Feature Saxo logoSaxo
Tickmill logoTickmill
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 637
Forex Pairs (Total) info 190 63
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

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 Saxo logoSaxo
Tickmill logoTickmill
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 64 91
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

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 Saxo logoSaxo
Tickmill logoTickmill
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 Saxo logoSaxo
Tickmill logoTickmill
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 Saxo logoSaxo
Tickmill logoTickmill
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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.

Feature Saxo logoSaxo
Tickmill logoTickmill
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 86
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Saxo or Tickmill?

In the Saxo vs Tickmill comparison, neither broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading.

What funding options does each broker offer?

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.




announcementPlease 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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Compare

0 of 5
Overall Rating Saxo Tickmill
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review Saxo Review Tickmill Review
Broker Screenshots Saxo Tickmill
Broker Gallery (click to expand) info
Regulation Saxo Tickmill
Trust Score info 99 86
Year Founded info 1992 2014
Publicly Traded (Listed) info No No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Saxo Tickmill
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Saxo Tickmill
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info Yes info Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Saxo Tickmill
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 637
Forex Pairs (Total) info 190 63
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 info 1.1 info 1.70 info
All-in Cost EUR/USD - Active info 0.9 info 0.70 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding Saxo Tickmill
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms Saxo Tickmill
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools Saxo Tickmill
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 64 91
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Saxo Tickmill
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Saxo Tickmill
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education Saxo Tickmill
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs Saxo Tickmill
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Saxo Review Tickmill Review
Overall Saxo Tickmill
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review Saxo Review Tickmill Review
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