Tickmill
Visit

61% of retail CFD accounts lose money.

Vs.

IG
Visit

73% of retail CFD accounts lose money.

Tickmill Vs. IG - Compare and Choose the Right One

Updated May 13 2022

Visit

61% of retail CFD accounts lose money.

Visit

73% of retail CFD accounts lose money.

Overview

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

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • 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
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

4

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
The Good
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • Extremely low asset offering (over 80+ instruments in total)
  • All of Tickmill’s assets are CFDs (users can’t purchase real stocks or ETFs)
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
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
    2014 1974
    💳 Minimum Deposit
    $, €, £ - 100

    0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

    💰 Payment Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    • Visa
    • Mastercard
    • Bank Transfer
    • Paypal
    💵 Account Base Currencies
    4 - USD, EUR, GBP, PLN 6 - AUD, EUR, GBP, HKD, SGD, USD.
    🗽 Available to U.S Citizens
    No Yes (excluding CFDs)
    ❌ Restricted Countries
    US, CA, SY, IR. SY, IR.
    📊 STP Account
    No No
    📊 DMA Account
    No Yes
    📊 ECN Account
    No Yes
    Assets
    📚 Available Assets

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    • Real stocks and ETFs
    • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
    📙 Stocks
    N/A

    10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

    📘 Currency Pairs
    62 210
    📗 Commodities
    4 37
    📕 Indices
    14 76
    📔 ETFs
    N/A 2,000 + both CFDs and real ETFs
    💸 Cryptocurrencies
    3 15
    📒 Bonds
    4 19
    📓 Options
    N/A Availability only for select countries.
    📗 Futures
    N/A

    Several contracts in commodities and indices with various expiration dates.

    📝 Notes:

    Tickmill’s asset offering is exclusively made of CFDs.

    IG provides both CFD trading and real equity. US traders cannot trade CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size
    N/A 1 Share
    📉 Minimum ETFs Trade Size
    N/A 1 ETF
    📈 Minimum Crypto Trade Size
    $1,000 (0.01 Lots)

    0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

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

    1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

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

    After 24 months of inactivity, IG charges an $18 monthly fee.

    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No No
    💰 Commissions

    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 

    Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

    Spreads
    📈 EUR/USD

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

    Dynamic - From 0.9 Pips
    📉 SP500
    From 39 Pips Dynamic - From 150 Pips
    📈 GOLD
    From 24 Pips Dynamic - From 50 Pips
    📉 TSLA (Stock CFD)
    N/A Dynamic - From $1.03
    📈 XLK (ETF - CFD)
    N/A Dynamic - From 0 Pips
    📉 BTC
    Dynamic - From $128.2 Dynamic - From $140
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    No Yes
    📡 Reuters Feed
    No Yes

    By using TheTradingBible.com's website you agree to the use of cookies.