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 stand out with their strong regulatory standings, though they differ in certain key aspects. Saxo, founded in 1992, is also a licensed bank, which adds a layer of security for investors. With 7 Tier-1 licenses—licenses considered to be of the highest trust—Saxo establishes itself as a leader in the industry. In fact, Saxo's Trust Score is a stellar 99 out of 99, reflecting its highly trusted status according to ForexBrokers.com. While not publicly traded, Saxo offers a reassuring depth of regulatory oversight.
Tickmill, on the other hand, was founded in 2014 and, while it's not a bank, it manages to hold its ground with a robust suite of licenses. The broker possesses 2 Tier-1 and 2 Tier-2 licenses, both of which are indicative of a respectable level of trust. With a Trust Score of 86 out of 99, Tickmill is classified as a trusted broker by ForexBrokers.com, although it doesn't quite reach the same high trust level as Saxo. Both brokers provide valuable options for traders, yet Saxo edges out with more comprehensive regulatory credentials.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Year Founded | 1992 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Saxo and Tickmill on commissions and fees, both brokers stand out for different reasons, appealing to various trader profiles. Saxo provides an exceptional pricing structure, especially for active and high-volume investors or those maintaining substantial account balances. Offering three account types—Classic, Platinum, and VIP—Saxo presents spreads on the EUR/USD starting at 1.1 pips, with pricing improving in the higher-tier accounts. Although the Classic option's spreads are slightly above industry average, both Platinum and VIP accounts align closer to market norms. Notably, Saxo's award-winning VIP account demands a $1,000,000 deposit, aiming at elite traders, while Classic users need no minimum deposit. Saxo ensures an attractive package with commission-free trading, except for smaller trades, and earned a 5-star rating, ranking #9 out of 62 brokers by ForexBrokers.com.
Tickmill, on the other hand, has a straightforward dual-account offering: Classic and Raw. The Raw account, which superseded the Pro account, features a revamped commission model with $3 per side per trade. Despite this increase, Tickmill maintains its status as one of the top brokers for active traders, courtesy of its low average spreads. The Raw account boasts typical spreads at 0.11 pips for the EUR/USD, totaling an all-in cost of 0.71 pips when adding recent commission adjustments. Its low minimum deposit of $100 makes it highly accessible, offering competitive efficiency while improving algo-trading experiences. The Classic account, entirely commission-free, trades off with a notably higher spread average of 1.76 pips. Amongst 62 brokers, Tickmill is rated 5 stars and ranked impressively at #4 by ForexBrokers.com for its cost-effective approach.
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the range of investments available at Saxo and Tickmill, both offer opportunities for forex trading as CFDs or spot contracts. However, Saxo considerably outstrips Tickmill in terms of the variety of tradeable symbols, offering a whopping 70,000 compared to Tickmill's 725. If you are specifically interested in forex pairs, Saxo provides access to 190 pairs, whereas Tickmill lists 63. Notably, Saxo allows investors to purchase exchange-traded securities on both U.S. and international exchanges, letting you buy shares in companies like Apple and Vodafone. In contrast, Tickmill does not provide access to such exchange-traded securities.
For those inclined towards more modern investment strategies, both Saxo and Tickmill offer copy trading, and while neither platform permits the purchase of actual cryptocurrency, both offer cryptocurrency derivatives. When rated for their range of investments, Saxo shines with a 5-star rating and ranks third out of 62 brokers on ForexBrokers.com in this category. Tickmill, in comparison, holds a 3.5-star rating and comes in at 42nd place. For investors focused on a wide range of investment options and access to global markets, Saxo stands out as the more comprehensive choice.
| 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 | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 Saxo and Tickmill for their trading platforms and tools, both brokers offer virtual demo accounts which are great for beginners to practice trading risk-free. Saxo offers a proprietary platform, while Tickmill does not develop its own but supports popular platforms like MetaTrader 4 and 5. Both brokers provide Windows-based and web-based platforms with options for copy trading.
Saxo stands out with its wide array of 60 fields for watch lists, dwarfing Tickmill's seven. For chart enthusiasts, Saxo offers 20 drawing tools compared to Tickmill's 15. Traders can execute directly from stock charts on both platforms. Saxo is highly regarded, earning a 5-star rating for trading platforms and tools and is ranked as the top broker by ForexBrokers.com, whereas Tickmill, with a 4-star rating, sits at rank 32 out of 62 brokers.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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 provided by Saxo and Tickmill, both platforms support iPhone and Android devices, allowing users to access their trading accounts on the go. They both offer features such as stock or forex price alerts and the ability to draw trendlines and view different time frames on charts. However, Saxo stands out with its watchlist symbol syncing feature, which allows changes made either on the mobile app or online account to sync seamlessly. In contrast, Tickmill lacks this syncing capability, requiring manual updates between platforms.
Charting on mobile devices shows a significant difference between the two, with Saxo providing 64 technical studies compared to Tickmill's 30. Both apps allow users to create watchlists with real-time quotes and save drawings on charts. Saxo's mobile trading app receives a higher user rating of five stars and is ranked #2 out of 62 brokers on ForexBrokers.com, reflecting its comprehensive functionality and user satisfaction. Meanwhile, Tickmill holds a four-star rating and ranks #31, indicating a reliable but less extensive experience than Saxo for mobile traders.
| Feature |
Saxo
|
Tickmill
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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 it comes to market research, both Saxo and Tickmill offer daily market commentary and provide forex news from top-tier sources like Bloomberg and Reuters. They both also feature sentiment-based trading tools, which help traders understand the market mood by showing the ratio of long or short positions across different currency pairs. Additionally, each platform includes an economic calendar to keep users informed about global news events impacting economies worldwide. However, while Tickmill includes research tools from Acuity Trading, Saxo stands out by offering technical and fundamental analysis tools from Autochartist.
Despite both platforms offering substantial research capabilities, Saxo shines with a 5-star research rating and the distinction of being ranked number one in the Research category by ForexBrokers.com out of 62 brokers. On the other hand, Tickmill isn't too far behind, with a respectable 4-star rating and a position at number 21. This data highlights Saxo’s edge in providing more comprehensive research resources, making it a preferred choice for traders who prioritize extensive market analysis tools. However, Tickmill remains a competitive option for those seeking valuable tools coupled with Acuity Trading resources.
| Feature |
Saxo
|
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.
Saxo and Tickmill both provide a wide range of educational resources tailored for beginners interested in forex and CFDs. Each offers over ten educational pieces such as articles, videos, and archived webinars focused on these financial instruments. They also host monthly webinars to guide clients through their trading journeys, alongside maintaining a searchable archive of these sessions for later reference. Moreover, both brokers cater to budding traders by offering more than ten beginner-focused videos to enhance their understanding of the trading world. For those advancing their skills, Saxo and Tickmill also present over ten advanced video lessons.
In addition to videos and webinars, Saxo and Tickmill both provide an investor dictionary with definitions of over 50 key trading terms, supporting traders as they navigate the market. Despite their similar offerings, Saxo stands slightly ahead with a perfect 5-star rating for education compared to Tickmill's 4 stars. When it comes to rankings, Saxo is placed 13th in the Education category out of 62 brokers by ForexBrokers.com, while Tickmill is closely behind at 15th. This highlights Saxo's slight edge in delivering educational content to its users.
| 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 62 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
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Tickmill
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Both Saxo and Tickmill do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options for buying cryptocurrency derivatives.
In comparing online brokers Saxo and Tickmill, neither offers ACH or SEPA transfers for account transactions, but while Tickmill supports PayPal and Skrill, Saxo does not; both brokers do support Visa, Mastercard, and bank wire options for deposits and withdrawals.
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 |
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| Regulation | Saxo | Tickmill | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1992 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| 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 | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Saxo | Tickmill | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Tickmill | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Tickmill | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| 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 | No | |
| 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 | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| 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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