Tickmill Vs. Interactive Brokers - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

• 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

• 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)

• 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

• 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 transfers)

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• 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.

• Bank Transfer
• Visa
• Mastercard
• Skrill
• Neteller
• DotPay
• Paypal

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

US, CA, SY, IR.

AF, SY, SO, SD, LY, NG, BI.

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

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