Written by ForexBrokers.com
In this head to head comparison of Tickmill vs Eightcap, 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.
Tickmill and Eightcap are two notable names in the online brokerage industry. Founded in 2014 and 2009 respectively, neither of these brokers is publicly traded or operates as a bank. Tickmill holds two Tier-1 licenses, giving it a ForexBrokers.com Trust Score of 86, marking it as a trusted platform. It further enhances its regulatory standing with two additional Tier-2 licenses. In contrast, Eightcap, holding three Tier-1 licenses, boasts a Trust Score of 85. However, it lacks Tier-2 licenses that are generally considered indicators of trust. Both brokers are viewed as trusted platforms, forming reliable choices for traders seeking regulated options in the forex market.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Tickmill and Eightcap on commissions and fees, both brokers offer competitive options, but with some differences that cater to various trading needs. Tickmill provides two account types: Classic and Raw. The Classic account is completely commission-free with traders only paying the bid/ask spread, though the spreads are higher, averaging 1.76 pips. In contrast, the Raw account delivers more favorable spreads at 0.11 pips for the EUR/USD, but includes a $3 per side commission fee, making the all-in cost approximately 0.71 pips. Despite the commission increase from $2 to $3 per side, Tickmill remains a top contender for active traders due to its low average spreads and effective trading costs.
Eightcap also offers two account types, both in its global operations, including Australia and the Bahamas. Traders can choose between a spread-only Standard account or a commission-based Raw account. The Raw account typically has spreads of 0.06 pips, but when including the $3.50 per side commission fee, the all-in cost comes to around 0.76 pips, slightly below the industry average. While Eightcap's fees are higher compared to the most cost-effective brokers, it provides a stable trading environment and competitive pricing.
In terms of ratings, Tickmill shines with a 5-star rating for its commissions and fees, ranking #4 out of 62 brokers according to ForexBrokers.com. Eightcap, on the other hand, earns a 4-star rating in the same category, holding the #26 position among its peers. This highlights Tickmill’s edge in offering lower trading costs overall.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.51 | 1.0 |
| All-in Cost EUR/USD - Active | 0.31 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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.
Both Tickmill and Eightcap provide opportunities for forex trading via CFDs or spot contracts, with each offering a broad selection of other tradeable symbols. Tickmill provides a variety of 725 symbols, whereas Eightcap slightly edges out with 736 symbols. When it comes to forex pairs, Tickmill offers a wider selection of 63 pairs compared to Eightcap's 56. However, neither Tickmill nor Eightcap caters to investors looking to trade in exchange-traded securities on U.S. or international exchanges; you can't purchase individual shares like Apple or Vodafone through these platforms. Both brokers do support copy trading for those interested in mirroring successful strategies and trade cryptocurrency derivatives, though they do not provide the option of purchasing actual cryptocurrencies directly.
The investing experiences with Tickmill and Eightcap rate similarly, with both receiving 3.5 stars out of five for their investment range. In ForexBrokers.com's rankings for range of investments, Eightcap slightly surpasses Tickmill, securing the 40th spot compared to Tickmill's 42nd place out of 62 brokers. For those prioritizing the breadth of available investments and preferring CFD trading, both Tickmill and Eightcap are solid choices, though they share limitations in direct share trading and cryptocurrency purchases.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 736 |
| Forex Pairs (Total) | 63 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
Both Tickmill and Eightcap provide traders with a host of trading platforms and tools that make them competitive in the online trading scene. Each offers a free virtual demo account, allowing users to hone their skills without financial risk. Neither broker has developed its own proprietary platform, but both support popular options like MetaTrader 4 and MetaTrader 5, accessible through Windows-based desktop downloads and web-based browsers. Additionally, they offer copy trading capabilities, facilitating the mimicry of trades from experienced investors. Although DupliTrade and ZuluTrade are not available with these brokers, the range of available platforms and tools caters well to a variety of trader needs.
Tickmill and Eightcap provide identical features when it comes to charting tools, offering 15 drawing tools and enabling direct trading from stock charts. They both deliver customizability through their watch lists with seven configurable columns. With a four-star rating for Trading Platforms and Tools, both brokers are seen as reliable choices in this category. However, Tickmill edges out slightly in rankings by ForexBrokers.com, sitting at #32 out of 62 brokers compared to Eightcap's #38 position. Whether you're starting out or looking to broaden your trading strategies, either Tickmill or Eightcap could meet your requirements, depending on personal preferences and specific trading needs.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and Eightcap provide mobile trading apps compatible with iPhone and Android devices, making trading on the go accessible and convenient. Each app includes stock and forex price alerts, the ability to draw trendlines, and multiple time frame viewing options such as daily, weekly, or intraday charts. Additionally, both platforms offer the ability to create watchlists with real-time quotes and auto-save any drawings made on charts. Users will also benefit from 30 technical studies for charting, ensuring a well-rounded trading experience on mobile devices.
However, these platforms differ in a few areas. Eightcap supports symbol syncing, which means changes made to watchlists on the mobile app automatically update on the client’s online account, providing a seamless experience across devices. Tickmill lacks this feature but ranks higher than Eightcap in ForexBrokers.com’s Mobile Trading Apps category, taking the 31st spot out of 62 brokers compared to Eightcap's 38th position. Both apps share a solid user rating of four stars out of five, indicating robust trader satisfaction regardless of these differences.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 comparing Tickmill and Eightcap for market research offerings, both brokers provide daily market commentary, keeping traders informed on market trends. Tickmill, however, offers forex news from top-tier sources like Bloomberg and Reuters, providing more comprehensive information. While neither broker provides technical analysis tools from companies like Autochartist or Trading Central, they both offer sentiment-based trading tools that show the ratio of long and short positions across various instruments. Additionally, Tickmill has research tools from Acuity Trading, unlike Eightcap, which enhances its resource offerings.
Both Tickmill and Eightcap offer economic calendars that detail current and upcoming global news events, aiding traders in staying updated. In terms of overall research ratings, Tickmill scores 4 out of 5 stars, outperforming Eightcap's 3.5 stars. According to ForexBrokers.com, Tickmill ranks #22 out of 62 brokers for their research capabilities, while Eightcap is positioned at #39. This comparative analysis shows Tickmill as a slightly more robust option for market research, particularly for those valuing top-tier news sources and diverse research tools.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| 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.
When it comes to educational resources for beginners, both Tickmill and Eightcap provide a foundational suite of materials, including articles and videos dedicated to forex and CFDs. Tickmill, however, distinguishes itself by offering monthly online webinars for clients, which Eightcap does not. This feature adds significant value for those who appreciate real-time learning and interaction. Both brokers offer archives of past webinars, ensuring that learners can access a wide range of topics anytime. For beginners, there is good news on both fronts as each broker offers at least 10 educational videos tailored specifically to newcomers in the trading world.
Tickmill takes a slight lead in catering to advanced traders as well by providing over 10 advanced-level videos, which is an area where Eightcap falls short. Additionally, both brokers provide an investor dictionary with more than 50 terms, but Tickmill seems to have an edge with its overall educational offering, evidenced by its higher rating of 4 stars compared to Eightcap's 3.5 stars. In terms of ranking by ForexBrokers.com, Tickmill is placed at a commendable 15th out of 62 brokers for education, whereas Eightcap is ranked 40th, suggesting a more comprehensive educational approach by Tickmill for those keen on boosting their trading knowledge.
| Feature |
Tickmill
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| 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 62 of the best forex brokers, our research and account testing finds that Tickmill is better than Eightcap. Tickmill finished with an overall rank of #22, while Eightcap finished with an overall rank of #38.
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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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 85 |
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Both Tickmill and Eightcap provide the option to trade cryptocurrency derivatives, but neither broker offers the ability to purchase actual delivered cryptocurrency.
Tickmill and Eightcap both provide several deposit and withdrawal options, including PayPal, Skrill, Visa/Mastercard, and bank wires, but neither offers ACH or SEPA transfers, making them similar in terms of fund transfer flexibility.
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 | Eightcap | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Eightcap Review |
| Broker Screenshots | Tickmill | Eightcap | |
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| Regulation | Tickmill | Eightcap | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 736 | |
| Forex Pairs (Total) | 63 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.31 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | Tickmill | Eightcap | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | Tickmill | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | Tickmill | Eightcap | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Eightcap Review |
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