IC Markets
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75.93% of retail CFD accounts lose money.

Vs.

Tickmill
Visit

61% of retail CFD accounts lose money.

IC Markets Vs. Tickmill - Compare and Choose the Right One

Updated May 26 2022

Visit

75.93% of retail CFD accounts lose money.

Visit

61% of retail CFD accounts lose money.

Overview

IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

Tickmill is an international CFD broker headquartered in Cyprus that specialises in currency trading paired with MetaTrader 4 and 5 platforms.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Professional currency traders looking to exploit their account offering with low spreads
  • Traders familiar with both MetaTrader 4 or 5 platforms with the intent to trade currencies
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

4

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Extremely low asset offering (over 80+ instruments in total)
  • All of Tickmill’s assets are CFDs (users can’t purchase real stocks or ETFs)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)
  • All documents must be under the account holder's name.

    📍 Year Founded
    2007 2014
    💳 Minimum Deposit
    $200 $, €, £ - 100
    💰 Payment Methods
    • Visa
    • Mastercard
    • Bank Transfer
    • Bitcoin
    • Sofort
    • Paypal
    • Neteller
    • Skrill
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    💵 Account Base Currencies
    10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 4 - USD, EUR, GBP, PLN
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries
    US, CA, IL. US, CA, SY, IR.
    📊 STP Account
    Yes No
    📊 DMA Account
    No No
    📊 ECN Account
    Yes No
    Assets
    📚 Available Assets

    CFDs on stocks, currencies, commodities, cryptocurrencies and indices

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    📙 Stocks
    1,600 + N/A
    📘 Currency Pairs
    61 62
    📗 Commodities
    22 4
    📕 Indices
    25 14
    📔 ETFs
    N/A N/A
    💸 Cryptocurrencies
    18 3
    📒 Bonds
    11 4
    📓 Options
    N/A N/A
    📗 Futures
    4 N/A
    📝 Notes:
    All ICMarkets assets are CFDs.

    Tickmill’s asset offering is exclusively made of CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size
    Varies by Stock N/A
    📉 Minimum ETFs Trade Size
    N/A N/A
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) $1,000 (0.01 Lots)
    📉 Minimum FX Trade Size
    $1,000 - 0.01 Lots $1,000 (0.01 Lots)
    📈 Minimum Commodities Trade Size
    Varies by Commodity (Eg: 0.01 Troy ounces of Gold) $1,000 (0.01 Lots)
    📉 Minimum Bonds Trade Size
    Varies by Bond $1,000 (0.01 Lots)
    📈 Minimum Futures Trade Size
    Varies by Future N/A
    📉 Minimum Options Trade Size
    N/A N/A
    💪 Retail Leverage
    Up to 1:30 Up to 1:30
    💪 Professional Leverage
    Up to 1:500 Up to 1:500
    ✍ Customisable Leverage
    Yes Yes, for the whole account.
    🎲 Deleveraged Trading
    No Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes (only for account management)
    📱 Android App
    Yes Yes (only for account management)
    📺 MetaTrader 4
    Yes Yes
    📺 MetaTrader 5
    Yes Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    No No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes Yes
    👫 Social Trading
    Yes No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    Fees
    💰 Inactivity Fee
    No No
    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No No
    💰 Commissions

    No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

    Depending on account type:

    • Classic account has no commissions
    • Pro account has a commission of 2 units of your base currency round turn per lot
    • VIP account has a commission of 1 unit of your base currency round turn per lot 
    Spreads
    📈 EUR/USD
    Dynamic - From 0 to 0.6 Pips

    From 0 pips up to 1.6 Pips (Depending on account type)

    📉 SP500
    Dynamic - From 20 to 45 Pips From 39 Pips
    📈 GOLD
    Dynamic - From 30 Pips From 24 Pips
    📉 TSLA (Stock CFD)
    Dynamic - Market Spread N/A
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - From $8.7 to $42 Dynamic - From $128.2
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No

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