Tickmill Vs. Oanda - 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.

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.

• 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)

• 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)

• 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

• 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

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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

• Visa
• Mastercard
• Bank Transfer
• Paypal

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.

$10 after 1 year of inactivity.

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.

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