Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and Tickmill are online brokerage firms offering access to global financial markets, yet they vary in their establishment years and regulatory credentials. Founded in 2005, FP Markets holds two Tier-1 licenses and one Tier-2 license, offering a ForexBrokers.com Trust Score of 89, which classifies it as a trusted broker. In contrast, Tickmill, established in 2014, also maintains two Tier-1 licenses but has the advantage of two Tier-2 licenses, giving it a Trust Score of 86, positioning it as a trusted option as well.
Neither FP Markets nor Tickmill is publicly traded or operates as a bank. Despite these similarities, the differentiation in their trust scores and regulatory structures may influence investors' decisions based on individual preferences for regulatory assurances and company history.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets and Tickmill are both standout brokers known for their competitive commissions and fees, excelling with five-star ratings in this category. FP Markets ranks sixth out of 62 brokers and offers various account types to suit different trading needs. Particularly notable is its Raw ECN account, which features low average spreads of 0.1 pips and a commission of $6 per round-turn standard lot, making it highly attractive for traders looking for cost-effective options. However, its Iress ViewPoint account targets high-balance, active traders with more significant account requirements.
Tickmill earns a slightly higher ranking, coming in fourth place out of 62 brokers, largely thanks to its Raw account. This account delivers ultra-low spreads, averaging 0.11 pips for EUR/USD, although the overall cost comes to 0.71 pips after considering the new commission structure of $6 per standard lot. The barrier to entry is kept low with a minimum deposit of just $100, making it accessible for most traders. Tickmill’s Classic account is commission-free but comes with higher average spreads of 1.76 pips, making the Raw account a more cost-effective choice for active traders.
Both brokers offer customized platforms and competitive pricing that cater to a wide range of trading styles and budgets. FP Markets is well-suited for traders interested in direct market access options through its Iress ViewPoint platform, while Tickmill appeals to those looking for low entry requirements and excellent spreads. These features highlight their strengths as top contenders for traders focused on minimizing commission and fee expenses.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 0.51 |
| All-in Cost EUR/USD - Active | 0.7 | 0.31 |
| Active Trader or VIP Discounts | Yes | 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.
FP Markets and Tickmill both present compelling choices for forex traders, offering trading through CFDs or spot contracts. When examining the breadth of tradable options, FP Markets leads with an impressive 10,000 symbols available compared to Tickmill's 725. This expanded range includes 71 forex pairs for FP Markets versus 63 pairs available with Tickmill. Neither broker provides access to exchange-traded securities on either U.S. or international exchanges, which may limit diversification opportunities for some investors.
For those interested in cryptocurrency, both FP Markets and Tickmill offer derivatives but do not allow for the purchase of actual cryptocurrencies. Additionally, both brokers support copy trading, catering to traders who prefer leveraging the expertise of others. According to ForexBrokers.com, FP Markets is ranked 18th among 62 brokers for its range of investments, reflecting its 4.5-star rating. In contrast, Tickmill holds a 3.5-star rating, ranking 42nd in the same category, indicating a slightly narrower spectrum of investment options.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 725 |
| Forex Pairs (Total) | 71 | 63 |
| 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 FP Markets and Tickmill provide traders with a wide array of trading platforms and tools, making them strong contenders in the online brokerage space. Each broker offers simulated trading through free demo accounts, allowing users to practice without any financial risk. FP Markets stands out with its proprietary platform that rivals its competitors. Meanwhile, both brokers have comprehensive trading options, supporting popular platforms like MetaTrader 4 and MetaTrader 5, alongside Windows-based desktop and web-based trading interfaces. They also offer copy trading capabilities, although they do not include services like DupliTrade or ZuluTrade.
When it comes to charting features, FP Markets slightly edges out with 17 drawing tools compared to Tickmill's 15. Both brokers allow for trading directly from stock charts and provide seven columns for watch lists, ensuring traders can personalize their monitoring fields. With a four-star rating for trading platforms and tools, FP Markets and Tickmill are on par in quality. However, FP Markets is ranked slightly higher at #23 for trading platforms and tools by ForexBrokers.com, compared to Tickmill's #32. This indicates a slight advantage for FP Markets in this category, suggesting a potentially stronger platform experience for its users.
| Feature |
FP Markets
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FP Markets and Tickmill offer comprehensive options for traders. Both brokers provide apps for iPhone and Android users, with features like stock and forex price alerts that are accessible for active traders on the go. While neither platform supports watchlist symbol syncing, which allows for changes made in one location to automatically reflect in another, they both enable users to create watchlists with real-time quotes. Trendline drawing capabilities, as well as multiple time frame views on stock or forex charts, are available in both apps, ensuring that users have vital tools at their fingertips. FP Markets utilizes the MetaTrader’s default offering for technical studies, whereas Tickmill comes equipped with 30 different studies to aid in chart analysis.
In terms of user experience, both FP Markets and Tickmill ensure that drawings on charts are automatically saved, providing convenience in strategizing and executing trades. Both apps have been rated 4 stars for their mobile trading platforms, reflecting their commitment to user satisfaction. Despite similar ratings, FP Markets ranks higher at 18th position out of 62 brokers reviewed by ForexBrokers.com, while Tickmill sits at 31st. Choosing between them may ultimately depend on the specific charting features a trader prefers and their comfort level with the MetaTrader platform provided by FP Markets.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 online brokers FP Markets and Tickmill for their market research capabilities, both platforms provide daily market commentary and access to forex news from respected sources like Bloomberg and Reuters. FP Markets distinguishes itself by offering technical analysis tools from Autochartist and Trading Central, whereas Tickmill does not. However, both FP Markets and Tickmill provide sentiment-based trading tools that display the ratio of long or short positions across various instruments.
While neither FP Markets nor Tickmill incorporates TipRanks in their research offerings, FP Markets provides an economic calendar for global events that matches Tickmill's similar feature. However, Tickmill stands out with additional research tools from Acuity Trading, such as Signal Centre. Although both brokers are rated four out of five stars in research, Tickmill is slightly ahead in the rankings, securing the 21st position among 62 brokers, while FP Markets trails at the 25th spot.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both FP Markets and Tickmill excel in providing educational resources for beginners interested in forex and CFDs trading. Each offers a rich selection of over ten educational pieces, including articles, videos, and webinars, specifically designed to help new traders understand the market. Both brokers conduct at least one online educational webinar per month, with Tickmill and FP Markets maintaining comprehensive archives of these sessions for on-demand learning. In terms of video content, each broker provides at least ten beginner-friendly videos while also catering to experienced traders with advanced video content.
FP Markets and Tickmill also offer an investor dictionary containing over 50 essential trading terms. Despite both receiving an impressive 4-star rating for education, there is a slight ranking difference in the eyes of ForexBrokers.com. FP Markets is positioned at #23, whereas Tickmill sits slightly higher at #15 out of 62 brokers. This information can help beginners decide which platform aligns better with their learning preferences and trading goals.
| Feature |
FP Markets
|
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 62 of the best forex brokers, our research and account testing finds that FP Markets is better than Tickmill. FP Markets finished with an overall rank of #19, while Tickmill finished with an overall rank of #22.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 86 |
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Both FP Markets and Tickmill allow investors to trade cryptocurrency derivatives, but neither broker offers the option to purchase actual (delivered) cryptocurrency.
Both FP Markets and Tickmill offer PayPal, Skrill, Visa/Mastercard, and bank wire options for depositing and withdrawing account funds, but neither support 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 | FP Markets | Tickmill | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Tickmill Review |
| Broker Screenshots | FP Markets | Tickmill | |
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| Regulation | FP Markets | Tickmill | |
|---|---|---|---|
| Trust Score | 89 | 86 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | 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) | FP Markets | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 725 | |
| Forex Pairs (Total) | 71 | 63 | |
| 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 | FP Markets | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.51 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.31 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | FP Markets | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Tickmill | |
|---|---|---|---|
| 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) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | 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 | MetaTrader (Default) | 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 | FP Markets | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Tickmill Review |
| Overall | FP Markets | Tickmill | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Tickmill Review |
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