Tickmill Vs. OctaFX - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
Tickmill is an international CFD broker headquartered in Cyprus that specialises in currency trading paired with MetaTrader 4 and 5 platforms.	OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.
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 high leverage off-shore broker New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 4 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FSA (Seychelles) FCA (UK) FSA (Labuan) FSCA (South Africa)	None
The Good
Very low and competitive spreads depending on the account type Leverage can be either removed or customised for the whole account	High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit
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)	Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker. Their asset offering is extremely limited (80 instruments)
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	2011
💳 Minimum Deposit Range
$100	$25
💰 Payment Methods
Bank Transfer Visa Mastercard Skrill Neteller DotPay Paypal	Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer
💵 Account Base Currencies
4 - USD, EUR, GBP, PLN	2 - EUR, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
87	80
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
62	35
📗 Commodities
0	0
📗 Commodities CFDs
4	5
📕 Indices
0	0
📕 Indices CFDs
14	10
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
3	30
📒 Bonds
0	0
📒 Bonds CFDs
4	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 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	None
Spreads
📈 EUR/USD
Dynamic- From 0 to 1.6 Pips	Dynamic - From 0.6 Pips
📉 SP500
Dynamic- From 39 Pips	Dynamic - From 20 Pips
📈 GOLD
Dynamic- From 24 Pips	Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Unavailable	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $128.2	Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No