Written by ForexBrokers.com
In this head to head comparison of Swissquote 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 Swissquote and Tickmill, it's important to consider their history and trustworthiness. Swissquote was established in 1996 and has become a significant player in the financial industry. As a publicly traded company and a bank, Swissquote holds a highly impressive Trust Score of 99 out of 99 from ForexBrokers.com, underscoring its credibility. It boasts 5 Tier-1 licenses, reflecting its strong regulatory standing. In comparison, Tickmill was founded in 2014 and is not publicly traded nor a bank. With a Trust Score of 86, Tickmill is considered a trustworthy broker with 2 Tier-1 licenses to its name, indicating solid reliability.
Both Swissquote and Tickmill hold 2 Tier-2 licenses, which are also indicative of trust. However, the breadth of Swissquote’s regulatory credentials and its higher Trust Score provide it with an edge for those seeking maximum assurance. While Tickmill is a reliable choice for trading, especially given its trusted rating, Swissquote brings additional security features attributed to its longer history, array of licenses, and status as a bank. Each broker offers distinct advantages, catering to the varying needs and preferences of investors across the globe.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to trading costs, Swissquote and Tickmill offer significantly different structures, with Tickmill leading as the more cost-efficient option. Swissquote, a renowned Swiss banking institution, comes with a premium cost, primarily due to the prestige associated with Swiss financial services. Depending on the location of the account - U.K., Luxembourg, or Switzerland - trading costs can vary. For example, Swissquote U.K. offers four account types, with the Elite account being the most favorable for active traders requiring a $10,000 minimum deposit and featuring lower spreads alongside a $5 charge per round-turn trade. In contrast, accounts from the Swiss and Luxembourg branches present varied spreads and deposit requirements, often higher than competitive market averages.
Tickmill offers an appealing proposition for traders focused on minimizing commissions and fees. With two primary account options—Classic and Raw—Tickmill’s Raw account stands out with a typical spread of 0.11 pips for the EUR/USD, although the recent increase in per-trade commission to $3 per side brings the all-in cost to 0.71 pips. Despite the commission increase, Tickmill remains a top choice for active traders, cemented by its commission-free Classic account, although at the cost of higher average spreads starting at 1.76 pips. Offering one of the industry's most competitive trading costs, Tickmill provides a low entry barrier of $100 for the Raw account, appealing to traders utilizing algorithmic strategies.
In terms of overall ratings and rankings for commissions and fees, Tickmill shines with a 5-star rating and is ranked at #4 out of 63 brokers according to ForexBrokers.com. Meanwhile, Swissquote receives a 3.5-star rating and lands at #53 in the same category. These distinctions underscore Tickmill’s superiority in providing cost-effective trading solutions while Swissquote caters to those who prioritize the assurance and stability of a Swiss banking conglomerate.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | 0.51 |
| All-in Cost EUR/USD - Active | N/A | 0.31 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Swissquote and Tickmill for their range of investments, both online brokers offer forex trading through CFD or spot contracts, but notable differences emerge in their product selection. Swissquote stands out with a vast inventory, providing access to 472 tradeable symbols, including 80 forex pairs. Notably, Swissquote also allows clients to purchase actual shares on both U.S. and international exchanges, in addition to offering the option to buy actual cryptocurrencies, setting it apart from many competitors. On the other hand, Tickmill features 725 tradeable symbols with 63 forex pairs, which is impressive, but it does not support direct investment in U.S. or international exchange-traded securities or actual cryptocurrencies.
Both brokers support copy trading and provide options for trading cryptocurrency derivatives. However, Swissquote's diverse investment opportunities and its ability to facilitate direct purchases of stocks and cryptocurrencies contribute to its top-tier reputation. Swissquote's offering earns it 5 stars and a strong #2 ranking out of 63 brokers in the Range of Investments category on ForexBrokers.com. Conversely, Tickmill, though competitive with its wide array of symbols, receives a 3.5-star rating and ranks #42, highlighting a relatively more limited range of investment options compared to Swissquote.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 725 |
| Forex Pairs (Total) | 80 | 63 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
When comparing Swissquote and Tickmill on their trading platforms and tools, Swissquote stands out with a proprietary platform developed in-house, while Tickmill opts for established third-party options. Both brokers offer a comprehensive range of trading platforms, including Windows-based desktop applications, web-based solutions, and support for MetaTrader 4 and 5. Additionally, they provide copy trading capabilities and free virtual demo accounts for simulated trading. Although neither supports DupliTrade or ZuluTrade, Swissquote offers a more extensive array of drawing tools with 75 available, compared to Tickmill's 15.
In terms of watch list customization, Swissquote provides more flexibility with 11 columns, compared to Tickmill's 7. Both brokers enable direct trading from stock charts, enhancing trading convenience. Ratings further underscore these differences, with Swissquote receiving 4.5 stars for its trading platforms and tools, compared to Tickmill's 4 stars. Moreover, Swissquote is ranked 12th out of 63 brokers by ForexBrokers.com, while Tickmill trails behind at 32nd. Overall, Swissquote seems to offer a richer trading toolset, making it an attractive option for traders looking for a more feature-filled experience.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and Tickmill both provide comprehensive mobile apps for iPhone and Android users, allowing traders to access a range of essential tools right from their smartphones. Both apps enable traders to receive price alerts for stocks or forex, draw trendlines, and view multiple time frames. Each app also offers 30 technical studies for charting, ensuring that users have access to critical market analysis features on the go. Additionally, both Swissquote and Tickmill's apps allow the creation of watchlists with real-time quotes, but neither offers watchlist symbol syncing between the mobile app and the user's online account. Auto-saving of drawings on charts is supported by both, ensuring any trend analysis is preserved.
For their mobile trading apps, Swissquote earns a solid rating of 4.5 stars, ranking it #12 out of 63 brokers according to ForexBrokers.com. In comparison, Tickmill receives a slightly lower rating of 4 stars, ranking #32. Both apps deliver a reliable trading experience with similar functionalities, although Swissquote's edge in user ratings and rankings suggests a more favorable user experience overall. Whether you are day trading or reviewing long-term investments, both apps offer valuable tools, with Swissquote potentially providing a slightly more refined interface according to user feedback.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Swissquote and Tickmill excel by offering daily market commentary and forex news from leading sources like Bloomberg and Reuters. However, there are several areas where these online brokers differ. Swissquote shines with its integration of Autochartist tools, enhancing their technical analysis offerings, while Tickmill does not support Autochartist. Conversely, Tickmill stands out with its sentiment-based trading tool that provides insights on the ratio of long or short positions, a feature not available with Swissquote. Furthermore, Tickmill also provides research tools from Acuity Trading, which Swissquote does not.
Both brokers ensure traders have access to up-to-date information via their economic calendars, covering upcoming and current global news events. In terms of research evaluation, both Swissquote and Tickmill hold a four-star rating. However, Swissquote edges ahead slightly, being ranked 16th by ForexBrokers.com in the Research category, compared to Tickmill's 22nd rank. This indicates both provide comprehensive research capabilities, but subtle differences may sway traders depending on their specific needs.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Swissquote and Tickmill for educational resources focused on helping beginners, both brokers deliver an impressive range of tools. Each platform offers a comprehensive selection of more than ten educational pieces like articles and videos, specifically aimed at forex and CFDs. They both host monthly online webinars dedicated to client education and provide searchable archives of these sessions for those who prefer learning at their own pace. Each broker takes care of newcomers and experienced traders alike by offering at least ten beginner-focused videos and an additional ten for advanced topics. For those needing a bit more assistance with trading jargon, both Swissquote and Tickmill supply investor dictionaries that define over 50 terms, making the learning curve smoother.
Swissquote and Tickmill are neck-and-neck, with each earning a 4-star rating for their educational offerings. However, Tickmill has a slight edge with a higher rank of 15 compared to Swissquote's 21 in the education category on ForexBrokers.com’s list of 63 brokers. This subtle difference might tip the scale for those prioritizing educational support in their trading journey. Both platforms are geared towards helping traders build their knowledge and confidence, making them solid choices for educational support in the world of online trading.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Swissquote is better than Tickmill. Swissquote finished with an overall rank of #11, while Tickmill finished with an overall rank of #22.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Swissquote allows investors to buy both actual cryptocurrencies and cryptocurrency derivatives, while Tickmill solely provides options for purchasing cryptocurrency derivatives.
When comparing online brokers Swissquote and Tickmill, Swissquote offers a wider range of funding options by supporting ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Tickmill provides similar flexibility with options like PayPal, Skrill, Visa or Mastercard, and bank wires but lacks ACH or SEPA transfer capabilities.
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 | Swissquote | Tickmill | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Tickmill Review |
| Broker Screenshots | Swissquote | Tickmill | |
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| Regulation | Swissquote | Tickmill | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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 | Yes |
| Tier-2 Licenses (Trusted) | Swissquote | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 725 | |
| Forex Pairs (Total) | 80 | 63 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.51 | |
| All-in Cost EUR/USD - Active | N/A | 0.31 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | Tickmill | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Tickmill | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | Tickmill | |
|---|---|---|---|
| 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 | Swissquote Review | Tickmill Review |
| Overall | Swissquote | Tickmill | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Tickmill Review |
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