Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA, established in 1996, and Tickmill, founded in 2014, are both online brokers known for their reliability and trustworthiness. Neither company is publicly traded or operates as a bank, emphasizing their focus solely on brokerage services. OANDA boasts a significant advantage in regulatory credentials, holding 7 Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In contrast, Tickmill holds 2 Tier-1 and 2 Tier-2 licenses. OANDA’s commitment to secure trading environments is reflected in its impressive Trust Score rating of 93 out of 99, categorizing it as highly trusted, while Tickmill’s score of 86 still maintains a trusted standing.
For traders prioritizing security and established track records, OANDA offers a strong case with its higher number of top-tier licenses and longevity in the market. Tickmill, though younger and with fewer top-tier licenses, remains a trusted option for many thanks to its solid Trust Score and regulatory backing. Choosing the right broker depends largely on individual needs, but both OANDA and Tickmill provide regulated, trustworthy platforms for traders around the globe.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers OANDA and Tickmill, there are distinct differences in their commissions and fees structures. OANDA is known for higher forex trading costs due to its steep spreads, positioning it less favorably compared to top discount brokers. Despite the high costs, OANDA's main advantage lies in its automated execution. Their core pricing offers slightly better total costs with a breakdown of $5 commission per side added to lower spreads, appealing to those able to meet the $10,000 minimum deposit requirement. OANDA’s transparency is noted as they publish average spreads, although precise comparisons are limited by lack of a fixed-period average. For these services, OANDA receives a 4-star rating and is ranked #34 out of 62 brokers by ForexBrokers.com.
Tickmill, on the other hand, provides traders with the choice between Classic and Raw accounts. While the Classic account features commission-free trading, it comes with higher average spreads. The Raw account, replacing the Pro account, offers a competitive edge with its lower typical spreads, costing 0.71 pips when factoring in the new $3 per side commission structure. Tickmill stands out for active traders by combining low all-in costs with minimal entry barriers, requiring only a $100 deposit for its Raw account. Algor traders also find its spread and execution policies advantageous. This broker is rated 5 stars and impressively ranks #4 out of 62 brokers, highlighting its cost-effective offerings.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.61 | 0.51 |
| All-in Cost EUR/USD - Active | 1.61 | 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 OANDA to Tickmill in terms of their range of investments, OANDA stands out with a more extensive offering. OANDA provides access to a wide selection of 3,928 tradeable symbols, including 68 forex pairs, while Tickmill offers 725 tradeable symbols and 63 forex pairs. Both platforms support forex trading through CFDs or spot contracts, and neither offers exchange traded securities on U.S. or international exchanges, such as buying Apple or Vodafone shares directly. However, while both brokers offer the ability to copy trade as well as trade cryptocurrency derivatives, OANDA takes the lead by allowing clients to purchase actual cryptocurrencies, which is not available with Tickmill.
In terms of recognition for their range of investments, OANDA is rated 4 stars, whereas Tickmill has a slightly lower rating of 3.5 stars. This difference is also reflected in their rankings by ForexBrokers.com, where OANDA is positioned at #27 out of 62 brokers compared to Tickmill’s rank of #42. Overall, OANDA's broader selection and the option to buy actual cryptocurrencies give it an edge in this investment category comparison.
| Feature |
OANDA
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 725 |
| Forex Pairs (Total) | 68 | 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) | 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.
OANDA and Tickmill both offer a range of trading platforms and tools designed to meet traders' needs. Both brokers provide the option for simulated trading through free virtual demo accounts, ensuring users can practice risk-free. While OANDA has developed its own proprietary platform, Tickmill focuses on offering popular third-party platforms, such as MetaTrader 4 and MetaTrader 5, both of which are available through both brokers. This parity extends to web-based and Windows desktop platforms, offering flexibility in how traders choose to access the markets. Copy trading is supported by each broker, providing opportunities for those interested in mimicking successful strategies without needing DupliTrade or ZuluTrade.
In terms of charting capabilities, OANDA stands out with 431 drawing tools compared to Tickmill’s 15, which may appeal to traders who rely heavily on detailed chart analysis. Both brokers allow trading directly from stock charts and offer comprehensive watch lists, with Tickmill slightly ahead by providing seven columns compared to OANDA's six. Users have shown appreciation for these functionalities, granting both brokers a four-star rating for their trading platforms and tools. Despite these similarities, OANDA is ranked higher by ForexBrokers.com, coming in at #16 compared to Tickmill's #32, indicating a slight edge in overall user satisfaction and functionality.
| Feature |
OANDA
|
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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and Tickmill offer accessible trading through their well-regarded mobile apps which are available for iPhone and Android users. Each app supports stock and forex price alerts, enhancing your ability to stay updated on market changes. While both platforms provide 30 technical studies for in-depth chart analysis and support drawing trendlines, their differences lie in user rankings and overall ratings. With these features, users enjoy the ability to view multiple time frames and receive real-time quotes on customizable watchlists.
Despite similar offerings, OANDA's mobile experience is rated higher with a stellar five-star rating compared to Tickmill's four stars. This higher rating is also reflected in OANDA's impressive 7th place ranking in the Mobile Trading Apps category by ForexBrokers.com, while Tickmill holds the 31st position among 62 brokers. However, neither app currently offers syncing options for watchlist symbols, so users need to manually update changes. Overall, OANDA emerges as a stronger contender in terms of user satisfaction and app ranking.
| Feature |
OANDA
|
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.
OANDA and Tickmill both offer comprehensive market research features, helping traders stay informed with daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters. While both brokers provide a sentiment-based trading tool to display long or short positions across markets, OANDA stands out with the inclusion of Autochartist's technical and fundamental research tools, unlike Tickmill. On the other hand, Tickmill leverages the capabilities of Acuity Trading's Signal Centre, giving traders unique insights that OANDA does not provide.
For those prioritizing an economic calendar, both OANDA and Tickmill showcase current and upcoming global news events. However, when it comes to overall research capabilities, OANDA is rated higher with a 5-star research rating and holds a 5th place out of 62 on ForexBrokers.com, while Tickmill receives a 4-star rating and ranks 21st. This distinction highlights OANDA's slightly more advanced market research offerings compared to Tickmill, making it a preferred choice for traders who value comprehensive analytical tools.
| Feature |
OANDA
|
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 | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both OANDA and Tickmill provide comprehensive materials to help newcomer traders. OANDA offers a wide range of content, including over ten articles, videos, and archived webinars focused on forex and CFDs, as well as monthly educational webinars. Beginners can benefit from more than ten specialized trading videos designed to address their needs. Additionally, OANDA provides an investor dictionary with definitions for over 50 investing terms, making it a great resource for familiarizing oneself with key concepts. This dedication to education has earned OANDA a solid five-star rating in the educational category, placing it 22nd among 62 brokers according to ForexBrokers.com.
Tickmill also offers substantial educational content, ensuring that beginners have access to over ten informative pieces on forex and CFDs and conducting at least one educational webinar each month. Like OANDA, Tickmill provides an archive of previously recorded webinars and over ten beginner-focused trading videos. It also supports its users with an investor dictionary containing over 50 terms, simplifying the learning process for new traders. Tickmill’s educational efforts have garnered a respectable four-star rating and a better overall rank of 15th for education amongst 62 brokers, according to ForexBrokers.com. Despite its slightly lower star rating compared to OANDA, Tickmill’s position suggests a strong commitment to trader education.
| Feature |
OANDA
|
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 OANDA is better than Tickmill. OANDA finished with an overall rank of #12, while Tickmill finished with an overall rank of #22.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 86 |
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When comparing OANDA and Tickmill in the realm of cryptocurrency trading, OANDA provides the advantage of purchasing actual delivered cryptocurrencies in addition to cryptocurrency derivatives, while Tickmill only offers the option to trade cryptocurrency derivatives.
When comparing online brokers OANDA and Tickmill, OANDA supports a wider range of deposit and withdrawal options, including ACH or SEPA transfers along with PayPal, Skrill, Visa, Mastercard, and bank wires, while Tickmill offers PayPal, Skrill, Visa, Mastercard, and bank wires but not 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 | OANDA | Tickmill | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | Tickmill Review |
| Broker Screenshots | OANDA | Tickmill | |
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| Regulation | OANDA | Tickmill | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | OANDA | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 725 | |
| Forex Pairs (Total) | 68 | 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) | 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 | OANDA | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 0.51 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.31 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | OANDA | 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 | OANDA | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | OANDA | 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 | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | 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 | OANDA | 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 | OANDA Review | Tickmill Review |
| Overall | OANDA | Tickmill | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | Tickmill Review |
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