Tickmill
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61% of retail CFD accounts lose money.

Vs.

Interactive Brokers
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Investing in financial products involves taking risk.

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

Updated May 13 2022

Visit

61% of retail CFD accounts lose money.

Visit

Investing in financial products involves taking risk.

Overview

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

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.

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
  • 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
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

10

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
  • 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)
The Good
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
  • High regulation
  • Exceptional number of investment instruments (Above 100,000+)
  • Competitive discount fees
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)
  • Complicated account opening process
  • Platforms are not beginner friendly
  • Narrow choice of deposit options (Mostly bank transfer)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 - 3 Days
📋 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 1978
    💳 Minimum Deposit
    $, €, £ - 100 $ - 0
    💰 Payment Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    • Bank Transfer
    • ACH (US only)
    • Check (US only)
    • Debit Card (US only)
    • BPAY (Australia only)
    💵 Account Base Currencies
    4 - USD, EUR, GBP, PLN 23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK
    🗽 Available to U.S Citizens
    No Yes
    ❌ Restricted Countries
    US, CA, SY, IR. AF, SY, SO, SD, LY, NG, BI.
    📊 STP Account
    No Yes
    📊 DMA Account
    No Yes
    📊 ECN Account
    No Yes
    Assets
    📚 Available Assets

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    • Real stocks, currencies, ETFs, options, futures, bonds, cryptocurrencies
    • CFDs on almost every possible asset class
    • Structured Products
    📙 Stocks
    N/A 78 markets
    📘 Currency Pairs
    62 105
    📗 Commodities
    4 35 markets
    📕 Indices
    14 13
    📔 ETFs
    N/A 13,000+
    💸 Cryptocurrencies
    3 4
    📒 Bonds
    4 60,000+
    📓 Options
    N/A 33 markets
    📗 Futures
    N/A 32 markets
    📝 Notes:

    Tickmill’s asset offering is exclusively made of CFDs.

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

    Trading Experience
    📈 Minimum Stock Trade Size
    N/A

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

    📉 Minimum ETFs Trade Size
    N/A N/A for EU Citizens
    📈 Minimum Crypto Trade Size
    $1,000 (0.01 Lots)

    No minimum, but minimum fee is $1.75 per order

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

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

    💰 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 

    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
    Spreads
    📈 EUR/USD

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

    Dynamic - From 0.1 pips
    📉 SP500
    From 39 Pips Dynamic - From 1 Pip
    📈 GOLD
    From 24 Pips N/A
    📉 TSLA (Stock CFD)
    N/A Dynamic - From $0.50
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - From $128.2 N/A
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No Yes
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    No Yes
    📡 Reuters Feed
    No Yes

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