Interactive Brokers
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Investing in financial products involves taking risk.

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Tickmill
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61% of retail CFD accounts lose money.

Interactive Brokers Vs. Tickmill - Compare and Choose the Right One

Updated Jan 12 2022

Visit

Investing in financial products involves taking risk.

Visit

61% of retail CFD accounts lose money.

Overview

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

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

Best For
  • Seasoned investors looking for a one-stop shop to cover a variety of needs
  • Global investors who seek the most reliable discount service available
  • Traders from intermediate to advanced level
  • 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
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TTBTrust

5

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The Good
  • High regulation
  • Exceptional number of investment instruments (Above 100,000+)
  • Competitive discount fees
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
The Bad
  • Complicated account opening process
  • Platforms are not beginner friendly
  • Narrow choice of deposit options (Mostly bank transfer)
  • 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 - 3 Days 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.

    🏛 Financial Regulators
    • SEC (United States)
    • FINRA (United States)
    • FCA (United Kingdom)
    • ASIC (Australia)
    • IIROC (Canada)
    • MNB (Hungary)
    • BSE (India)
    • CBI (Ireland)
    • FSA (Japan)
    • CSSF (Luxembourg) CSSF
    • MAS (Singapore)
    • CySec (Cyprus)
    • FSA (Seychelles)
    • FCA (UK)
    • FSA (Labuan)
    • FSCA (South Africa)
    📍 Year Founded
    1978 2014
    💳 Minimum Deposit
    $ - 0 $, €, £ - 100
    💰 Payment Methods
    • Bank Transfer
    • ACH (US only)
    • Check (US only)
    • Debit Card (US only)
    • BPAY (Australia only)
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    💵 Account Base Currencies
    23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK 4 - USD, EUR, GBP, PLN
    🗽 Available to U.S Citizens
    Yes No
    ❌ Restricted Countries
    AF, SY, SO, SD, LY, NG, BI. US, CA, SY, IR.
    📊 STP Account
    Yes No
    📊 DMA Account
    Yes No
    📊 ECN Account
    Yes No
    Assets
    📚 Available Assets
    • Real stocks, currencies, ETFs, options, futures, bonds, cryptocurrencies
    • CFDs on almost every possible asset class
    • Structured Products

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    📙 Stocks
    78 markets N/A
    📘 Currency Pairs
    105 62
    📗 Commodities
    35 markets 4
    📕 Indices
    13 14
    📔 ETFs
    13,000+ N/A
    💸 Cryptocurrencies
    4 3
    📒 Bonds
    60,000+ 4
    📓 Options
    33 markets N/A
    📗 Futures
    32 markets N/A
    📝 Notes:

    Interactive brokers provides real assets (equities) from more than 100+ markets (exchanges) across the world and also provides CFDs (in allowed regions).

    Tickmill’s asset offering is exclusively made of CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size

    From 1 share - except for exchanges that allow fractional trading (US stock exchanges)

    N/A
    📉 Minimum ETFs Trade Size
    N/A for EU Citizens N/A
    📈 Minimum Crypto Trade Size

    No minimum, but minimum fee is $1.75 per order

    $1,000 (0.01 Lots)
    📉 Minimum FX Trade Size
    $25,000 (0.25 lots) $1,000 (0.01 Lots)
    📈 Minimum Commodities Trade Size
    Varies per commodity (eg: 1 Ounce of Gold) $1,000 (0.01 Lots)
    📉 Minimum Bonds Trade Size
    $1,000 for corporate/muni bonds, $1 million for treasury bonds $1,000 (0.01 Lots)
    📈 Minimum Futures Trade Size
    1 contract N/A
    📉 Minimum Options Trade Size
    1 contract N/A
    💪 Retail Leverage
    Up to 1:30 Up to 1:30
    💪 Professional Leverage
    N/A Up to 1:500
    ✍ Customisable Leverage
    No Yes, for the whole account.
    🎲 Deleveraged Trading
    Yes Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes (only for account management)
    📱 Android App
    Yes Yes (only for account management)
    📺 MetaTrader 4
    No Yes
    📺 MetaTrader 5
    No Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    Yes No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    No Yes
    👫 Social Trading
    No No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    Fees
    💰 Inactivity Fee
    No No
    💰 Deposit Fees
    No No
    💰 Withdrawal Fees

    One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

    No
    💰 Commissions

    Commissions depend on market and residency:

    • US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
    • European stocks have €3 minimum and 0.05% trade value.
    • Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
    • Options start at $0.25 per contract and go as low as $0.15 per contract.
    • Futures start at $0.85 per contract and go as low as $0.25 per contract

    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 0.1 pips

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

    📉 SP500
    Dynamic - From 1 Pip From 39 Pips
    📈 GOLD
    N/A From 24 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $0.50 N/A
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    N/A Dynamic - From $128.2
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    Yes No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    Yes No
    📡 Reuters Feed
    Yes No

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