Written by ForexBrokers.com
In this head to head comparison of Tickmill vs Spreadex, 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 Tickmill and Spreadex, it's important to look at their regulatory credentials and trust scores. Tickmill, founded in 2014, holds a total of four licenses, two of which are Tier-1, indicating a high level of trust. It has a Trust Score of 86 according to ForexBrokers.com, placing it in the "trusted" category. While not publicly traded or a bank, Tickmill's regulatory profile is quite strong for a relatively new player in the market.
Spreadex, on the other hand, has been in operation since 1999 and maintains one Tier-1 license. Its Trust Score is 71, which categorizes the broker at an average risk level. Spreadex, like Tickmill, is not publicly traded and does not operate as a bank. While its experience in the industry is longer, its regulatory attributes fall short compared to Tickmill, especially in terms of the number of licenses held and overall trust rating.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Tickmill and Spreadex in terms of commissions and fees, Tickmill stands out with a 5-star rating and ranks #4 out of 63 brokers in the ForexBrokers.com Commissions and Fees category. Tickmill offers two types of accounts: the Classic account, which is entirely commission-free with traders only paying the bid/ask spread, and the Raw account, which features competitive spreads with a per-trade commission of $3 per side per 100,000 units. Despite a recent increase in costs, Tickmill's Raw account remains a popular choice for active traders due to its low average spreads and effective all-in costs. The typical spread for EUR/USD on this account was 0.11 pips as of October 2023, with an all-in cost that totals 0.71 pips.
Spreadex, on the other hand, is rated 4 stars and holds the #27 rank in the ForexBrokers.com review of brokers based on commissions and fees. For EUR/USD, Spreadex’s average spread was 0.81 pips as of January 2024, with a minimum spread of 0.6 pips achieved 60% of the time in the same month. While Spreadex offers competitive spreads, particularly for the EUR/USD pair, its lower overall rating and higher average spreads compared to Tickmill suggest it may not be as cost-effective for active traders.
Overall, both brokers provide traders with distinct options, but for those prioritizing lower trading costs and competitive spreads, Tickmill's Raw account could be the more advantageous choice. With a minimal entry requirement of $100, it continues to offer versatility for various trading strategies, including algorithmic trading, despite the recent adjustments in its commission structure.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.51 | 0.81 |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Tickmill and Spreadex for their range of investments, both brokers offer forex trading as CFDs, but their offerings differ significantly in terms of variety. Tickmill provides access to 725 tradeable symbols, including 63 forex pairs, which is commendable. However, Spreadex stands out with a vast selection of 10,000 tradeable symbols and 52 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, nor do they offer the actual purchase of cryptocurrencies. Instead, both provide options to trade in cryptocurrency derivatives. Notably, Tickmill offers the added benefit of copy trading, a feature not available with Spreadex.
In terms of ratings, Spreadex excels with a 5-star rating for its range of investments, significantly outperforming Tickmill, which holds a 3.5-star rating. According to ForexBrokers.com, Spreadex ranks 13th in the range of investments category out of 63 brokers, whereas Tickmill is placed further behind at 42nd. This suggests that for those seeking a wide variety of tradable symbols, Spreadex clearly offers a more extensive selection, making it a preferred choice for investors focusing on range and diversity.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 10000 |
| Forex Pairs (Total) | 63 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Tickmill and Spreadex both offer opportunities for simulated trading with free virtual demo accounts, providing a great way for traders to get accustomed to their platforms. Tickmill does not have a proprietary platform, instead offering MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for those who prefer these popular options, along with a Windows-based desktop download and web-based trading. Spreadex stands out by providing its own proprietary platform, accessible via the web. However, it does not support desktop downloading or third-party platforms like MT4 or MT5. Tickmill also provides copy trading capabilities, a feature not available with Spreadex.
When it comes to charting tools, Tickmill offers a slight edge with 15 drawing tools compared to Spreadex's 11, while both allow traders to execute trades directly from a stock chart. Watch list enthusiasts might find Spreadex more appealing with its 8 customizable columns against Tickmill's 7. Both brokers score 4 out of 5 stars for trading platforms and tools, although Tickmill ranks higher at #32 out of 63 brokers on ForexBrokers.com, with Spreadex following at #46. This indicates a solid reputation for both in the realm of trading platforms, but with a slight preference toward Tickmill by industry reviewers.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and Spreadex provide mobile trading apps for iPhone and Android users, making it convenient for traders to stay connected no matter their device. Both apps offer essential features like stock and forex price alerts and the ability to draw trendlines, all while supporting multiple time frames for charts. However, Tickmill slightly edges out with 30 technical studies available on their app for more in-depth analysis. Both platforms allow users to create watchlists with real-time quotes, although neither offers the benefit of watchlist symbol syncing across different platforms.
An important distinction lies in the experience offered when it comes to saving work on charts. Tickmill ensures that any drawings are automatically saved, allowing traders to easily return to their analysis. Unfortunately, Spreadex lacks this autosave functionality. When considering user ratings, both apps are well-regarded with 4 out of 5 stars. However, in terms of overall ranking by ForexBrokers.com within the mobile trading apps category, Tickmill stands at #32, outperforming Spreadex's spot at #46. This could reflect a slightly richer feature set and user experience offered by Tickmill's mobile trading app.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Tickmill and Spreadex provide excellent market research features, making them strong contenders for traders looking for insightful analysis. Each broker offers daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed about financial market movements. In addition, both offer sentiment-based trading tools and comprehensive economic calendars, helping traders gauge market moods and prepare for upcoming global economic events.
However, when it comes to additional research tools, there are some differences. Spreadex provides technical analysis tools from Autochartist, whereas Tickmill does not. Conversely, Tickmill offers research tools from Acuity Trading like Signal Centre, which are absent from Spreadex’s offerings. Despite these differences, both brokers are rated four stars for their research services by ForexBrokers.com, with Tickmill ranked at #22 and Spreadex at #31 among 63 brokers. This makes both platforms reliable choices for traders seeking in-depth market research, though specific tool preferences may guide individual choices.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Tickmill and Spreadex both offer more than 10 educational pieces focused on forex and CFDs, as well as a solid selection of beginner videos covering trading topics. However, Tickmill sets itself apart by providing monthly online webinars, which are missing from Spreadex's offerings. Additionally, Tickmill gives users access to a searchable archive of past webinars, serving as a convenient resource for learning at any time. Spreadex does not offer this feature, which could limit learning opportunities for beginners who benefit from this sort of interaction and content.
Both brokers maintain an investor dictionary with over 50 investing terms, assisting newcomers in becoming familiar with trading jargon. Tickmill also goes further by offering over 10 advanced trading videos for experienced traders, something that Spreadex lacks. Despite both receiving a 4-star education rating, users may find Tickmill's comprehensive educational resources more appealing, as highlighted by its higher ranking of #15 on ForexBrokers.com, compared to Spreadex's #45 position.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Tickmill is better than Spreadex. Tickmill finished with an overall rank of #22, while Spreadex finished with an overall rank of #39.
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.
| Feature |
Tickmill
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Spreadex
|
|---|---|---|
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| Trust Score | 86 | 71 |
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Both Tickmill and Spreadex do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
In a comparison of online brokers, Tickmill provides more flexible payment options than Spreadex by supporting PayPal and Skrill for deposits and withdrawals, alongside common methods like Visa, Mastercard, and bank wires, whereas Spreadex does not offer PayPal or Skrill, limiting clients to Visa, Mastercard, and bank wire methods, with neither broker supporting ACH or SEPA transfers.
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 | Tickmill | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
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| Regulation | Tickmill | Spreadex | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | No |
| Tier-2 Licenses (Trusted) | Tickmill | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 10000 | |
| Forex Pairs (Total) | 63 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Tickmill | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Tickmill | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Tickmill | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | Spreadex | |
|---|---|---|---|
| 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 | |
| Review | Tickmill Review | Spreadex Review |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
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