RoboForex
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74-89% of retail CFD accounts lose money.

Vs.

Tickmill
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61% of retail CFD accounts lose money.

RoboForex Vs. Tickmill - Compare and Choose the Right One

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

61% of retail CFD accounts lose money.

Overview

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

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

Best For
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
  • 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

0

Other Licenses

1

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
  • IFSC (International Financial Services Commission of Belize)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
The Good
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
The Bad
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
  • 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
    2009 2014
    💳 Minimum Deposit
    $10 $, €, £ - 100
    💰 Payment Methods
    • Visa
    • Mastercard
    • JCB
    • AstroPay
    • Skrill
    • Neteller
    • Perfect Money
    • AdvCash
    • NganLuong Wallet
    • Bank transfers (SEPA, local and several options per country)
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    💵 Account Base Currencies
    4 - USD, EUR, CNY, GOLD. 4 - USD, EUR, GBP, PLN
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries

    US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

    US, CA, SY, IR.
    📊 STP Account
    Yes No
    📊 DMA Account
    No No
    📊 ECN Account
    Yes No
    Assets
    📚 Available Assets

    CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    📙 Stocks
    12,000+ N/A
    📘 Currency Pairs
    40+ 62
    📗 Commodities
    100+ 4
    📕 Indices
    50+ 14
    📔 ETFs
    1,000+ N/A
    💸 Cryptocurrencies
    16 3
    📒 Bonds
    N/A 4
    📓 Options
    N/A N/A
    📗 Futures
    N/A N/A
    📝 Notes:
    All of RoboForex’s assets are CFDs.

    Tickmill’s asset offering is exclusively made of CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    N/A
    📉 Minimum ETFs Trade Size

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    N/A
    📈 Minimum Crypto Trade Size

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    $1,000 (0.01 Lots)
    📉 Minimum FX Trade Size

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    $1,000 (0.01 Lots)
    📈 Minimum Commodities Trade Size

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    $1,000 (0.01 Lots)
    📉 Minimum Bonds Trade Size
    N/A $1,000 (0.01 Lots)
    📈 Minimum Futures Trade Size
    N/A N/A
    📉 Minimum Options Trade Size
    N/A N/A
    💪 Retail Leverage
    Up to 1:2000 Up to 1:30
    💪 Professional Leverage
    N/A 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
    Yes No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes 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

    Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

    No
    💰 Commissions

    Yes depending on account type (eg: for ECN accounts there are commissions up to $20).

    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 Pips depending on account type, 1.4 Pips on Average

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

    📉 SP500
    Dynamic - Market Spread From 39 Pips
    📈 GOLD
    Dynamic - From 17 Pips From 24 Pips
    📉 TSLA (Stock CFD)
    Dynamic - Market Spread N/A
    📈 XLK (ETF - CFD)
    Dynamic - Market Spread N/A
    📉 BTC
    Dynamic - From $220 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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