Tickmill
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71% of retail CFD accounts lose money.

Vs.

LegacyFX
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77% of retail CFD accounts lose money.

Tickmill Vs. LegacyFX - Compare and Choose the Right One

Updated Jul 12 2022

Visit

71% of retail CFD accounts lose money.

Visit

77% 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.

Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.

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
  • Traders looking for a CySec broker that offers a trading signals service
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

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • VFSC (Vanuatu)
The Good
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
  • Proprietary signals channel (untested by us)
  • Fixed spreads (at their discretion subject to change)
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)
  • High minimum deposits (From $500 to $25,000) for their various account types
  • Extremely high spreads when compared to similar brokers
  • Low asset offering with poor categorisation
  • Subpar regulatory framework
  • Only MT5 platform is offered
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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 2017
    💳 Minimum Deposit
    $, €, £ - 100 $500
    💰 Payment Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    • Visa
    • Mastercard
    • Neteller
    • Skrill
    • Klarna
    • iDeal
    • GiroPay
    • Perfect Money
    • AVOPayments
    • eftPay
    • Volt
    • Cash
    • Load
    • Jeton
    • Gigadat
    💵 Account Base Currencies
    4 - USD, EUR, GBP, PLN 11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries
    US, CA, SY, IR. US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
    📊 STP Account
    No No
    📊 DMA Account
    No No
    📊 ECN Account
    No No
    Assets
    📚 Available Assets

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    CFDs on currencies, commodities, indices, cryptocurrency and stocks.

    📙 Stocks
    N/A 200
    📘 Currency Pairs
    62 40
    📗 Commodities
    4 24
    📕 Indices
    14 18
    📔 ETFs
    N/A N/A
    💸 Cryptocurrencies
    3 10
    📒 Bonds
    4 N/A
    📓 Options
    N/A N/A
    📗 Futures
    N/A N/A
    📝 Notes:

    Tickmill’s asset offering is exclusively made of CFDs.

    All of Legacy FX assets are CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size
    N/A N/A
    📉 Minimum ETFs Trade Size
    N/A N/A
    📈 Minimum Crypto Trade Size
    $1,000 (0.01 Lots) N/A
    📉 Minimum FX Trade Size
    $1,000 (0.01 Lots) $10,000 (0.1 Lots)
    📈 Minimum Commodities Trade Size
    $1,000 (0.01 Lots) $10,000 (0.1 Lots)
    📉 Minimum Bonds Trade Size
    $1,000 (0.01 Lots) N/A
    📈 Minimum Futures Trade Size
    N/A N/A
    📉 Minimum Options Trade Size
    N/A N/A
    💪 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) No
    📱 Android App
    Yes (only for account management) No
    📺 MetaTrader 4
    Yes No
    📺 MetaTrader 5
    Yes Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    No No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes No
    👫 Social Trading
    No No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    No No
    Fees
    💰 Inactivity Fee
    No

    Yes, 10 units of account base currency after 90 days of inactivity.

    💰 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, ranging from 0.15% to 0.45% of trade value for stocks only.

    Spreads
    📈 EUR/USD

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

    Dynamic - From 1.6 Pips
    📉 SP500
    From 39 Pips Dynamic - From 120 Pips
    📈 GOLD
    From 24 Pips Dynamic - From 63 Pips
    📉 TSLA (Stock CFD)
    N/A N/A
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - From $128.2 Dynamic - From $505
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No