Written by ForexBrokers.com
In this head to head comparison of Tickmill vs FXGT.com, 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 FXGT.com are both notable online brokers, but they have different regulatory standings. Established in 2014, Tickmill has earned a Trust Score of 86 out of 99 from ForexBrokers.com, placing it in the "trusted" category. This rating is further supported by the fact that Tickmill holds two Tier-1 licenses, which are considered highly trusted, along with two additional Tier-2 licenses. Although Tickmill is not publicly traded and doesn't operate as a bank, its regulatory licenses add a layer of trustworthiness for potential investors.
FXGT.com, founded in 2019, is a younger competitor in the market. With a Trust Score of 69 given by ForexBrokers.com, FXGT.com falls into the "high risk" category. It possesses one Tier-1 and one Tier-2 license, meeting essential regulatory standards but offering less reassurance compared to Tickmill. Similar to Tickmill, FXGT.com is not publicly traded and does not function as a bank. These factors should be carefully considered by individuals evaluating the relative safety and trustworthiness of these brokers.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Year Founded | 2014 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Tickmill is a highly regarded online broker, particularly praised for its favorable commission and fee structure, earning it a 5-star rating in this category. It ranks 4th out of 62 brokers according to ForexBrokers.com. Tickmill offers two types of accounts: the Classic and the Raw. The Raw account, which replaced the Pro account, features a commission structure of $3 per side, or $6 per standard lot, which is still competitive despite a recent increase. This account is characterized by low average spreads—for example, 0.11 pips for EUR/USD as of October 2023—leading to an all-in cost of 0.71 pips with the commission. In contrast, the Classic account is commission-free, but comes with higher average spreads of 1.76 pips as of August 2023.
In comparison, FXGT.com is rated 3.5 stars for its commission and fee structure and ranks 55th out of 62 brokers. Unlike Tickmill, FXGT.com does not provide average spread data, making it more challenging for potential traders to gauge its cost-effectiveness. The lack of available spread information can influence the perception of transparency and value for traders who are keen on efficiently managing their costs.
Choosing between these two brokers, Tickmill emerges as the more advantageous option for traders focused on minimizing costs and maximizing efficiency. With its low spreads and transparent fee structure, the Raw account offers a compelling choice for those who trade actively or engage in algorithmic trading. While FXGT.com offers a different package, Tickmill's consistent ranking position underscores its commitment to providing value to its customers.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| 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 the range of investments between Tickmill and FXGT.com, there are several key differences to consider. Both platforms offer forex trading through either CFDs or spot contracts, catering to a variety of traders. Tickmill stands out with a broader selection of 725 tradeable symbols, including 63 forex pairs, whereas FXGT.com offers a smaller selection with 117 tradeable symbols and 53 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, meaning clients cannot buy stocks like Apple or Vodafone directly. However, both Tickmill and FXGT.com provide copy trading services as well as the ability to trade cryptocurrency derivatives, although they don't offer the option to buy actual cryptocurrency.
Based on ForexBrokers.com ratings, Tickmill receives 3.5 stars for its range of investments, ranking it at #42 among 62 brokers. FXGT.com, on the other hand, is rated slightly lower at 3 stars and ranks #60. For traders looking for a wider array of investment options, Tickmill appears to have the edge with its more extensive symbol offering and better overall rating in this category. Nevertheless, both brokers have their own strengths, and the choice ultimately depends on individual trading needs and preferences.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 117 |
| Forex Pairs (Total) | 63 | 53 |
| 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.
When comparing Tickmill and FXGT.com, both online brokers provide similar offerings in trading platforms and tools that cater to various trading needs. Both brokers support demo accounts, allowing users to practice trading without any financial risk. They do not offer proprietary platforms, instead providing popular third-party platforms like MetaTrader 4 and MetaTrader 5 for both desktop and web trading. Additionally, each broker supports copy trading, which helps traders mirror the strategies of successful investors and benefit from their expertise.
While Tickmill and FXGT.com do not offer DupliTrade or ZuluTrade, they allow traders to execute trades directly from stock charts. Tickmill offers 15 drawing tools compared to FXGT.com's 23, while for watch lists, Tickmill provides 7 columns versus FXGT.com's 5. Both brokers have received a 4-star rating for their trading platforms and tools, but Tickmill ranks higher than FXGT.com in this category according to ForexBrokers.com, being placed at 32nd out of 62 brokers, while FXGT.com is ranked 56th.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and FXGT.com, both platforms provide iPhone and Android apps, allowing traders to engage on the go. They equally offer stock or forex price alerts, give users access to an array of 30 technical studies, and support drawing trendlines on charts. Traders can also view different time frames, such as daily, weekly, or intraday charts. Both apps provide the functionality to create watchlists with real-time quotes and automatically save chart drawings. However, a key difference emerges in watchlist symbol syncing. While FXGT.com syncs the watchlist between their mobile app and online account, Tickmill does not offer this feature.
In terms of user ratings and rankings, Tickmill slightly edges out with a 4-star user rating for its mobile app, compared to FXGT.com’s 3.5 stars. As per ForexBrokers.com’s assessment out of 62 brokers, Tickmill ranks 31st for its mobile trading app, a significantly higher position than FXGT.com, which stands at 58th. These distinctions might be considered by traders seeking a seamless trading app experience that also integrates well with an existing online trading account.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| 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.
Tickmill and FXGT.com present distinct offerings in market research that can significantly impact traders’ experiences. Tickmill excels by providing daily market commentary alongside timely forex news from renowned sources like Bloomberg and Reuters. This ensures traders access to reliable insights and developments. Moreover, Tickmill includes a sentiment-based trading tool and provides resources from companies such as Acuity Trading with their Signal Centre. In contrast, FXGT.com does not offer daily commentary or forex news from top-tier sources, although it matches Tickmill in providing sentiment-based analytics. However, FXGT.com lacks additional resources from Acuity Trading.
Both brokers offer economic calendars, allowing traders to track global events. However, the differences in research tools and market insights reflect in their ratings and rankings. Tickmill garners a commendable 4-star rating for research, standing #21 among 62 brokers on ForexBrokers.com. On the other hand, FXGT.com holds a 3-star rating and ranks significantly lower at #56. The contrast in research support and resources may be a decisive factor for traders seeking comprehensive market insights.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| 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 exploring the educational resources available for beginners at Tickmill and FXGT.com, Tickmill clearly stands out. Tickmill offers a comprehensive range of educational materials, meeting the minimum of 10 pieces that include articles, videos, and archived webinars focused on forex or CFDs. They also host online webinars for clients at least once a month, and maintain a searchable archive of these sessions. Moreover, Tickmill provides a rich collection of videos catered both to beginners and advanced traders. This includes more than 10 beginner-focused and advanced educational videos, making it a robust learning platform. With an investor dictionary defining over 50 investing terms, Tickmill earns a solid four-star rating for its education offerings, ranking 15th out of 62 brokers by ForexBrokers.com.
In contrast, FXGT.com falls short in several key areas. Though offering an investor dictionary similar to Tickmill, FXGT.com does not provide the extensive selection of educational content needed to satisfy the same standard. They lack the minimum 10 educational pieces for forex or CFDs, do not conduct regular client webinars, and offer no archive of previous webinars. Additionally, FXGT.com does not have a sufficient number of educational videos for beginners or advanced traders, which limits their effectiveness as an educational resource. Consequently, FXGT.com is rated only three stars for education and is ranked 59th out of 62 brokers in this category by ForexBrokers.com, highlighting a significant gap in their educational provisions compared to Tickmill.
| Feature |
Tickmill
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXGT.com. Tickmill finished with an overall rank of #22, while FXGT.com finished with an overall rank of #58.
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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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both Tickmill and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
When comparing Tickmill and FXGT.com for online brokerage services, Tickmill supports PayPal, Skrill, Visa, Mastercard, and bank wire transactions but lacks ACH or SEPA transfer options, whereas FXGT.com offers ACH and SEPA transfers along with Visa, Mastercard, and bank wire options but does not support PayPal or Skrill.
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 | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
| Broker Screenshots | Tickmill | FXGT.com | |
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| Regulation | Tickmill | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 2014 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 117 | |
| Forex Pairs (Total) | 63 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| 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 | Yes |
| Trading Platforms | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | Tickmill | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | Tickmill Review |
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