Written by ForexBrokers.com
In this head to head comparison of Saxo 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 Saxo and Tickmill, several key factors emerge in terms of trust and regulation. Saxo, founded in 1992, stands out as a highly trusted financial institution with a top Trust Score of 99 out of 99 according to ForexBrokers.com. As a banking institution, Saxo holds an impressive seven Tier-1 licenses, reflecting its deep regulatory compliance and reliability. In addition to its Tier-1 licenses, Saxo has one Tier-2 license, further reinforcing its standing within the industry. Although not publicly traded, Saxo's foundation and regulatory oversight strongly support its position as a secure choice for investors.
On the other hand, Tickmill, established in 2014, presents a solid yet comparatively lower trust profile with a Trust Score of 86 out of 99. While not a bank, Tickmill maintains compliance with regulations by holding two Tier-1 and two Tier-2 licenses, indicating that it meets significant regulatory standards. Though it has fewer Tier-1 licenses than Saxo, Tickmill still offers a trusted service to traders, characterized by careful adherence to international regulatory expectations. Despite the differences, both Saxo and Tickmill provide dependable online brokerage services, catering to varying investor preferences and needs.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Year Founded | 1992 | 2014 |
| Publicly Traded (Listed) | ||
| Bank | Yes | |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo offers highly competitive pricing, especially appealing to active and high-volume traders due to its excellent all-around rates. For those with significant account balances, Saxo’s pricing structures for its Platinum and VIP accounts are close to the industry average, with spreads on EUR/USD as low as 0.9 pips in its VIP tier. The Classic account has slightly higher spreads, averaging 1.1 pips. Saxo is commission-free for forex trading, although beginners trading fewer than 50,000 units may face a $3 ticket fee per side. The broker waives custody fees for traders engaging in securities lending, and offers a generous zero-dollar minimum deposit for Classic accounts, while elite investors are rewarded with exclusive VIP account benefits for deposits of $1,000,000 or more. Saxo has a premium star rating of five out of five, ranking #9 out of 63 brokers for commissions and fees.
In contrast, Tickmill provides two primary account options: Classic and Raw. The Raw account, designed for serious traders, features very low spreads, with typical rates at 0.11 pips for EUR/USD, though the overall cost rises to 0.71 pips when factoring in the $6 per standard lot commission. While the Classic account is entirely commission-free, it has a higher average spread of 1.76 pips. The Raw account supports high efficiency in trading with tighter spreads and low entry barriers, set at a $100 minimum deposit. Despite the recent increase in its commission structure, Tickmill remains a top choice for active traders. Tickmill also holds a five out of five star rating, proudly placed at #4 out of 63 brokers for commissions and fees.
Both Saxo and Tickmill lead the field with their exceptional fee and commission offerings, tailored for distinct investor needs. Saxo focuses on high-balance accounts and luxury access via its loyalty program, while Tickmill caters to active traders with enticing spreads and minimal entry costs. The choice between them hinges on the trader's priorities, whether it's exclusive VIP client experiences and minimal spreads or simple, cost-effective trading with low barriers to entry.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 0.51 |
| All-in Cost EUR/USD - Active | 0.9 | 0.31 |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments offered by Saxo and Tickmill, potential investors will notice a marked difference in the available options. Saxo provides an impressive array of tradeable symbols, boasting 70,000 compared to Tickmill's 725. Forex enthusiasts will appreciate Saxo's extensive selection of 190 tradeable forex pairs, while Tickmill offers 63 pairs. Additionally, Saxo allows clients to engage in buying exchange-traded securities on both U.S. and international exchanges, like shares in Apple or Vodafone, which expands their investment opportunities significantly. Tickmill, on the other hand, does not offer direct access to exchange-traded securities.
Both brokers support forex trading as a CFD or spot contract and provide copy trading options and cryptocurrency derivatives for savvy traders. However, neither offers the purchase of actual delivered cryptocurrencies. In terms of customer satisfaction, Saxo shines with a 5-star rating for its range of investments and ranks 3rd out of 63 brokers by ForexBrokers.com in this category. Tickmill, while respectable with a 3.5-star rating, trails behind in 42nd place, highlighting the broader investment spectrum available through Saxo. This detailed comparison makes it clear that for those seeking diversity in their trading portfolio, Saxo presents a considerably wider range of opportunities.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 725 |
| Forex Pairs (Total) | 190 | 63 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | ||
| 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 the trading platforms and tools offered by Saxo and Tickmill, several key features stand out for each broker. Both platforms are equipped with simulated or paper trading, providing users with access to free virtual demo accounts to hone their skills without financial risk. Saxo impressively offers a proprietary platform developed in-house, alongside other trading conveniences such as a Windows-based desktop platform, a web-based trading platform, and the capability to execute trades directly from stock charts. Tickmill, while lacking a proprietary platform, supports widely popular third-party platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are favored by many traders worldwide. Both brokers support copy trading, making it easy for traders to follow and replicate the strategies of experienced investors.
Charting and analysis are crucial aspects of any trading platform, and here, Saxo seems to excel. With a comprehensive array of 60 columns for watch lists, and the availability of 20 drawing tools for chart analysis, Saxo provides advanced functionalities that appeal to both beginner and professional traders. In contrast, Tickmill offers 15 drawing tools and 7 columns for watch lists, which might be ideal for newer traders or those seeking a more streamlined experience. Reflecting these differences, ForexBrokers.com has rated Saxo with an impressive 5 stars for Trading Platforms and Tools, topping the list at #1 out of 63 brokers. Meanwhile, Tickmill holds a respectable 4-star rating, positioned at #32. These distinctions highlight Saxo’s comprehensive offering in terms of platforms and analytical tools, catering to a diverse range of trading preferences.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | ||
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps for Saxo and Tickmill, both brokers provide iPhone and Android apps, ensuring accessibility across devices. Each app allows users to set stock or forex price alerts and create watchlists with real-time quotes. Moreover, Saxo and Tickmill both feature the ability to draw trendlines and view different time frames on charts. Both apps also support auto-saving chart drawings, making it easy for users to continue their analysis without interruption.
Saxo sets itself apart with advanced features, offering 64 technical studies compared to Tickmill's 30. Additionally, Saxo supports watchlist symbol syncing between the mobile app and online account, a feature not available with Tickmill. These enhancements contribute to Saxo's impressive 5-star rating and the #2 rank out of 63 brokers for mobile trading apps, as noted by ForexBrokers.com. In contrast, Tickmill holds a respectable 4-star rating but is ranked #32 in the same category, reflecting the significant differences in their app functionalities and user experiences.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 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 the market research offerings of Saxo and Tickmill, both brokers provide valuable daily market commentary and forex news from respected sources like Bloomberg, Reuters, and Dow Jones. They each offer sentiment-based trading tools that reveal long and short position ratios, as well as economic calendars that track global events affecting economies worldwide. Saxo distinguishes itself by providing technical analysis and fundamental research tools from Autochartist, a feature that Tickmill lacks, although Tickmill does partner with Acuity Trading for research tools like Signal Centre.
In terms of ratings, Saxo excels with a perfect 5-star score for research and is ranked as the top broker by ForexBrokers.com in this category. In contrast, Tickmill holds a commendable 4-star rating and is ranked 22nd among 63 brokers. While Tickmill serves its clients well, Saxo offers a more comprehensive suite of research tools, earning its position as the preferred choice for those seeking in-depth market insights.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | |
| Trading Central (Recognia) | ||
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For newcomers diving into the world of forex and CFDs, Saxo and Tickmill both offer a comprehensive range of educational resources. Each broker provides over 10 educational pieces, which include articles, videos, and archived webinars that focus on forex or CFDs. If live learning is your preference, both Saxo and Tickmill conduct monthly online educational webinars, ensuring that beginners have ample opportunity to gain valuable knowledge. Additionally, they provide searchable archives of past webinars, allowing learners to revisit topics at their convenience.
When it comes to videos, both brokers cater to different experience levels with at least 10 beginner trading videos and another set for advanced traders. For those needing jargon explanations, Saxo and Tickmill each offer an investor dictionary that includes over 50 terms. However, while both brokers present similar educational offerings, Saxo is rated slightly higher, with a 5-star education rating compared to Tickmill's 4 stars. In terms of rankings, Saxo stands at #13 in the education category according to ForexBrokers.com, while Tickmill follows closely at #15.
| Feature |
Saxo
|
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 Saxo is better than Tickmill. Saxo finished with an overall rank of #3, while Tickmill finished with an overall rank of #22.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Though Saxo and Tickmill both offer cryptocurrency derivative trading, neither platform provides the ability to purchase actual (delivered) cryptocurrency.
When comparing the online brokers Saxo and Tickmill, it is notable that while both Saxo and Tickmill support Visa, Mastercard, and bank wire transfers for depositing and withdrawing funds, Tickmill additionally offers PayPal and Skrill options, catering to a broader range of user preferences.
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 | Saxo | Tickmill | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Saxo Review | Tickmill Review |
| Broker Screenshots | Saxo | Tickmill | |
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| Regulation | Saxo | Tickmill | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1992 | 2014 | |
| Publicly Traded (Listed) | |||
| Bank | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Tickmill | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Saxo | Tickmill | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 725 | |
| Forex Pairs (Total) | 190 | 63 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | |||
| 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 | Saxo | Tickmill | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 0.51 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.31 | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Saxo | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | Saxo | Tickmill | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Tickmill | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 64 | 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 | Saxo | Tickmill | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | ||
| Trading Central (Recognia) | |||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | 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 | Saxo | 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 | Saxo Review | Tickmill Review |
| Overall | Saxo | Tickmill | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Saxo Review | Tickmill Review |
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