Written by ForexBrokers.com
In this head to head comparison of Tickmill vs Spreadex, 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 Tickmill and Spreadex, it's important to look at their regulatory credentials and trust scores. Tickmill, founded in 2014, holds a total of four licenses, two of which are Tier-1, indicating a high level of trust. It has a Trust Score of 86 according to ForexBrokers.com, placing it in the "trusted" category. While not publicly traded or a bank, Tickmill's regulatory profile is quite strong for a relatively new player in the market.
Spreadex, on the other hand, has been in operation since 1999 and maintains one Tier-1 license. Its Trust Score is 71, which categorizes the broker at an average risk level. Spreadex, like Tickmill, is not publicly traded and does not operate as a bank. While its experience in the industry is longer, its regulatory attributes fall short compared to Tickmill, especially in terms of the number of licenses held and overall trust rating.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to comparing the commissions and fees between Tickmill and Spreadex, both brokers offer distinct advantages. Tickmill impresses with its two account types: Classic, which allows commission-free trading with only the bid/ask spread to pay, and Raw, which replaced the Pro account. Despite recently adjusting its commission rate to $3 per side (equivalent to $6 per standard lot), Tickmill continues to be highly ranked, thanks to its competitive pricing structure. For active traders seeking low costs, Tickmill's Raw account offers average spreads as low as 0.11 pips for EUR/USD, resulting in an all-in cost of about 0.71 pips when commissions are factored in.
The Classic account, however, incurs higher average spreads of 1.76 pips as of August 2023. Despite the shift in pricing, Tickmill maintains its favorable position among brokers, securing a 5-star rating for commissions and fees, and ranking 4th out of 62 brokers by ForexBrokers.com. This reliability and low barrier to entry, with a minimum deposit of just $100 for the Raw account, makes Tickmill an attractive option for diverse trading strategies, including algorithmic trading.
On the other hand, Spreadex offers average spreads of 0.81 pips for EUR/USD as of January 2024, with a minimum spread of 0.6 pips available 60% of the time. While not commission-free like Tickmill’s Classic account, Spreadex’s spread structure is straightforward and beneficial under specific conditions. Spreadex received a 4-star rating for commissions and fees, ranking 27th out of 62 brokers. Both brokers have their advantages depending on the trader's needs, but ultimately, Tickmill provides a more competitive edge in terms of overall cost efficiency.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.51 | 0.81 |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| 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 offered by Tickmill and Spreadex, investors will find distinct differences between the two. Tickmill allows trading primarily in forex and offers 63 forex pairs, along with a total of 725 tradeable symbols. However, Tickmill does not provide opportunities to invest in exchange traded securities on either U.S. or international exchanges. It does, however, facilitate copy trading and offers cryptocurrency derivatives, although not as actual cryptocurrencies.
In contrast, Spreadex stands out with a much wider selection of 10,000 tradeable symbols, including 52 forex pairs. Like Tickmill, Spreadex does not offer exchange traded securities or actual cryptocurrencies but does provide cryptocurrency derivatives. However, unlike Tickmill, Spreadex does not support copy trading. Due to its extensive range of offerings, Spreadex earns a higher rating of 5 stars for Range of Investments, placing it at #13, whereas Tickmill is rated at 3.5 stars and places at #42 according to ForexBrokers.com.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 10000 |
| Forex Pairs (Total) | 63 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
Tickmill and Spreadex both present traders with access to a free virtual demo account, allowing users to practice their strategies risk-free. When considering platform offerings, Tickmill lacks a proprietary platform but compensates with the popular MetaTrader 4 and MetaTrader 5, accommodating various strategies and customization. Spreadex, in contrast, offers a proprietary platform tailored to their users, but does not support MetaTrader systems. Both brokers provide a web-based platform, but only Tickmill presents a Windows-based desktop download option, offering greater flexibility for users who prefer trading via software installations.
In terms of trading tools, Tickmill and Spreadex both enable trading directly from stock charts, enriching the user experience with seamless trade execution. Tickmill allows for 15 drawing tools while Spreadex provides 11, giving more chart customization options to Tickmill users. When it comes to managing watch lists, Spreadex edges out with eight columns for field data compared to Tickmill's seven. Despite this, Tickmill leads in rankings for Trading Platforms and Tools, coming in at 32nd out of 62 brokers, whereas Spreadex ranks 46th. Both received a solid four-star rating for their offerings in this category.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and Spreadex offer mobile trading apps for iPhone and Android, making them accessible for traders on the go. They provide essential features such as stock or forex price alerts and trendline drawing capabilities on charts. Each app supports viewing charts in multiple time frames, ensuring flexibility for various trading strategies. However, a notable difference is seen in charting functionalities: Tickmill allows saving drawings on charts, while Spreadex does not offer this feature.
Tickmill distinguishes itself with its offering of 30 technical studies for chart analysis, a feature not mentioned for Spreadex. Both platforms allow users to create watchlists with real-time quotes, but neither supports watchlist symbol syncing between mobile and web accounts. While both apps hold a solid four-star rating for mobile trading, Tickmill ranks slightly higher at #32 versus Spreadex's #46 in the Mobile Trading Apps category by ForexBrokers.com.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Tickmill and Spreadex offer a range of features tailored to market research enthusiasts. They provide daily market commentary and access to high-quality forex news from leading sources like Bloomberg and Reuters, ensuring traders are well-informed of the latest developments. Both brokers also offer sentiment-based trading tools that display position ratios across currency pairs. However, Tickmill distinguishes itself by integrating Acuity Trading's Signal Centre, an extra research tool that Spreadex lacks.
In terms of technical analysis resources, Spreadex takes the lead by offering tools from Autochartist, while Tickmill does not. Both brokers fall short by not incorporating tools from Trading Central. Despite these differences, Tickmill is ranked 22nd and Spreadex 31st out of 62 brokers in the Research category by ForexBrokers.com. Both receive a solid 4-star rating for their research services, appealing to traders who prioritize comprehensive market insights.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 it comes to educational resources for beginners, both Tickmill and Spreadex provide a solid range of materials to help traders get started. Each broker offers at least 10 educational pieces, which include articles, videos, and archived webinars, covering important topics in forex and CFDs. Tickmill stands out with its commitment to ongoing learning, providing monthly online webinars and maintaining an accessible archive for those looking to revisit past sessions. Both brokers have a collection of videos specifically designed for newcomers, making it easier to grasp essential trading concepts.
Tickmill also caters to more experienced traders by offering a series of advanced educational videos, which Spreadex does not provide. Moreover, both platforms include an investor dictionary featuring over 50 investing terms, helping beginners familiarize themselves with the trading lingo. Despite their similarities, Tickmill earns a higher position in the Education category according to ForexBrokers.com, ranking at #15 out of 62 brokers, compared to Spreadex's rank of #45. Even though both brokers receive a rating of 4 stars for Education, Tickmill's additional resources and higher ranking may provide an edge for those seeking comprehensive learning tools.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 Spreadex. Tickmill finished with an overall rank of #22, while Spreadex finished with an overall rank of #39.
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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Spreadex
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|---|---|---|
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| Trust Score | 86 | 71 |
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Both Tickmill and Spreadex do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
In a comparison of online brokers, Tickmill provides more flexible payment options than Spreadex by supporting PayPal and Skrill for deposits and withdrawals, alongside common methods like Visa, Mastercard, and bank wires, whereas Spreadex does not offer PayPal or Skrill, limiting clients to Visa, Mastercard, and bank wire methods, with neither broker supporting 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 | Tickmill | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
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| Regulation | Tickmill | Spreadex | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 10000 | |
| Forex Pairs (Total) | 63 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| 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 | No |
| Trading Platforms | Tickmill | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Tickmill | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Tickmill | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
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