Tickmill Vs. Oanda - Compare and Choose the Right One


Visit 61% of retail CFD accounts lose money.	Visit 74-89% 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.	Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.
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	Forex traders of all levels (from beginner to advanced)
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)	CFTC (U.S) NFA (U.S) ASIC (Australia) FCA (UK) MAS (Singapore) IIROC (Canada) FFAJ (Japan) BVI (British Virgin Islands)
The Good
Very low and competitive spreads depending on the account type Leverage can be either removed or customised for the whole account	High trustworthiness, regulated by the best regulators in the world Fast, simple and professional trading platforms Competitive spreads in their currency pairs
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)	Extremely limited offering of assets (104) No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational	Operational
Recent News
N/A	N/A
Key Data
⌛ Account Opening Time
1 Day	1 day minimum (may take longer)
📋 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. *There is no document verification needed for gross account deposits below US$9,000.
📍 Year Founded
2014	1996
💳 Minimum Deposit
$, €, £ - 100	$, €, £, - 0.
💰 Payment Methods
Bank Transfer Visa Mastercard Skrill Neteller DotPay Paypal	Visa Mastercard Bank Transfer Paypal
💵 Account Base Currencies
4 - USD, EUR, GBP, PLN	9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, CA, SY, IR.	AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Assets
📚 Available Assets
CFDs on currencies, indices, commodities, bonds and cryptocurrencies	CFDs on currencies, commodities, cryptocurrencies, indices and bonds.
📙 Stocks
N/A	N/A
📘 Currency Pairs
62	68
📗 Commodities
4	13
📕 Indices
14	16
📔 ETFs
N/A	N/A
💸 Cryptocurrencies
3	4
📒 Bonds
4	6
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
Tickmill’s asset offering is exclusively made of CFDs.	All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.
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)	Varies by crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
$1,000 (0.01 Lots)	1 unit of any Bond contract
📈 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 1:100
✍ Customisable Leverage
Yes, for the whole account.	Yes
🎲 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	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 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	Yes, $10 after 1 year of inactivity
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.
💰 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	No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.
Spreads
📈 EUR/USD
From 0 pips up to 1.6 Pips (Depending on account type)	Dynamic - From 0.8 Pips
📉 SP500
From 39 Pips	Dynamic - From 30 Pips
📈 GOLD
From 24 Pips	Dynamic - From 26 Pips
📉 TSLA (Stock CFD)
N/A	N/A
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $128.2	Dynamic - From $100
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No