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 comparing the commissions and fees of online brokers Tickmill and Spreadex, Tickmill offers two distinct account types: the Classic and the Raw account. The Classic account is commission-free, requiring traders to only cover the bid/ask spread, but it has higher average spreads of 1.76 pips as of August 2023. Meanwhile, Tickmill’s Raw account, which replaced the previous Pro account, provides lower spreads with a commission structure of $3 per side, equating to $6 per standard lot. This setup offers an all-in cost of 0.71 pips for the EUR/USD pair, a competitive fee that lands Tickmill a ranking of 4th out of 62 brokers in the Commissions and Fees category by ForexBrokers.com, and a 5-star rating for its commission structure.
Spreadex delivers a different fee arrangement, with average spreads of 0.81 pips for the EUR/USD currency pair as of January 2024, achieving a minimum spread of 0.6 pips 60% of the time during that month. Unlike Tickmill, Spreadex does not offer a commission-based account structure; instead, it solely charges through the spread. Consequently, Spreadex's cost structure earns it a rank of 30th out of 62 brokers in the Commissions and Fees category, along with a 4-star rating for its fees.
Tickmill’s Raw account remains a great choice for traders seeking a balanced combination of low spreads and a straightforward commission schedule. On the other hand, Spreadex serves traders who prefer dealing predominantly with spreads, offering a simpler but potentially less cost-effective option. Overall, Tickmill’s star-rating and higher ranking speak to its suitability for active traders who prioritize a cost-efficient trading environment.
| 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 offer unique experiences when it comes to trading platforms and tools, catering to diverse trader needs. Tickmill provides a range of accessible options, including a Windows-based desktop platform, web-based trading, and the popular MetaTrader 4 and MetaTrader 5 platforms, though lacks a proprietary platform. Traders can test their strategies risk-free with Tickmill's free virtual demo account and enjoy the benefit of copy trading. For charting capabilities, Tickmill offers 15 drawing tools and the ability to execute trades directly from a stock chart. Watch lists in Tickmill come with seven customizable columns.
In contrast, Spreadex delivers an in-house proprietary trading platform and a web-based option, but lacks a desktop download option and does not support MetaTrader platforms. Unfortunately, Spreadex does not offer a demo account for practice or support copy trading. Charting in Spreadex is backed by 11 drawing tools with direct trading from the stock chart, and watch lists incorporate eight adjustable columns. Both brokers earn a respectable four-star rating for their trading platforms and tools. However, Tickmill is ranked 32nd while Spreadex holds the 46th position in the same category by ForexBrokers.com, indicating Tickmill's slight edge in this area.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| 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 | 55 |
| 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.
When comparing the mobile trading apps from Tickmill and Spreadex, both brokers offer apps compatible with iPhone and Android devices, ensuring you can trade on the go. You will receive useful stock and forex price alerts with each of these apps, keeping you up-to-date with market changes. While neither Tickmill nor Spreadex offers watchlist symbol syncing, both apps allow you to create watchlists with real-time quotes. This feature lets you track your favorite financial instruments smoothly. However, it's worth noting that Tickmill's app stands out slightly due to its auto-save feature for chart drawings, something the Spreadex app doesn't offer. Both apps let users draw trendlines and view various time frames on their charts, making technical analysis convenient.
Diving into the charting capabilities, Tickmill's app provides users with 30 technical studies, though it's undetermined how many Spreadex offers in this area. This difference may appeal to traders who rely heavily on technical analysis. In terms of user ratings, both Tickmill and Spreadex have garnered four-star app ratings highlighting user satisfaction. However, when considering the broader competition, Tickmill ranks 31 out of 62 brokers according to ForexBrokers.com, while Spreadex is positioned at 49, which might suggest Tickmill users enjoy a slightly more favorable overall experience. Both apps cater to modern trading demands, but different features may appeal depending on a trader's specific needs.
| 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 daily market commentary and provide forex news from reputable sources like Bloomberg and Reuters. This makes them appealing options for individuals who value regular updates and trustworthy information. While neither broker integrates technical analysis tools from Autochartist or Trading Central, they both offer sentiment-based trading tools that help gauge market trends by showing the ratio of long and short positions across various instruments. However, Tickmill sets itself apart by offering research tools from Acuity Trading, enhancing its research capabilities.
An additional feature shared by both platforms is the availability of an economic calendar, which is crucial for traders looking to keep track of global economic events. In terms of ratings, both Tickmill and Spreadex have received a solid 4-star rating for their research offerings. However, Tickmill is ranked slightly higher at #21 out of 62 brokers according to ForexBrokers.com, while Spreadex stands at #31. This suggests that while both brokers offer comprehensive market research tools, Tickmill has a slight edge in offering more diverse options.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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 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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| 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 | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 55 | |
| 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 | No | |
| 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 |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
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