Tickmill
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61% of retail CFD accounts lose money.

Vs.

Oanda
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74-89% of retail CFD accounts lose money.

Tickmill Vs. Oanda - Compare and Choose the Right One

Updated May 13 2022

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

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