Tickmill
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71% of retail CFD accounts lose money.

Vs.

RoboForex
Visit

74-89% of retail CFD accounts lose money.

Tickmill Vs. RoboForex - Compare and Choose the Right One

Updated Jul 12 2022

Visit

71% 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.

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

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
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
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

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
  • IFSC (International Financial Services Commission of Belize)
The Good
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
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)
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
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 2009
    💳 Minimum Deposit
    $, €, £ - 100 $10
    💰 Payment Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    • Visa
    • Mastercard
    • JCB
    • AstroPay
    • Skrill
    • Neteller
    • Perfect Money
    • AdvCash
    • NganLuong Wallet
    • Bank transfers (SEPA, local and several options per country)
    💵 Account Base Currencies
    4 - USD, EUR, GBP, PLN 4 - USD, EUR, CNY, GOLD.
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries
    US, CA, SY, IR.

    US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

    📊 STP Account
    No Yes
    📊 DMA Account
    No No
    📊 ECN Account
    No Yes
    Assets
    📚 Available Assets

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies

    📙 Stocks
    N/A 12,000+
    📘 Currency Pairs
    62 40+
    📗 Commodities
    4 100+
    📕 Indices
    14 50+
    📔 ETFs
    N/A 1,000+
    💸 Cryptocurrencies
    3 16
    📒 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 RoboForex’s assets are CFDs.
    Trading Experience
    📈 Minimum Stock Trade Size
    N/A

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    📉 Minimum ETFs Trade Size
    N/A

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    📈 Minimum Crypto Trade Size
    $1,000 (0.01 Lots)

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    📉 Minimum FX Trade Size
    $1,000 (0.01 Lots)

    Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

    📈 Minimum Commodities Trade Size
    $1,000 (0.01 Lots)

    Depends on each platform: from $1,000 (0.01 Lots) to $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 1:2000
    💪 Professional Leverage
    Up to 1:500 N/A
    ✍ 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 No
    💻 Proprietary Platform
    No Yes
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes Yes
    👫 Social Trading
    No No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    No Yes
    Fees
    💰 Inactivity Fee
    No No
    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No

    Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

    💰 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 depending on account type (eg: for ECN accounts there are commissions up to $20).

    Spreads
    📈 EUR/USD

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

    Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average

    📉 SP500
    From 39 Pips Dynamic - Market Spread
    📈 GOLD
    From 24 Pips Dynamic - From 17 Pips
    📉 TSLA (Stock CFD)
    N/A Dynamic - Market Spread
    📈 XLK (ETF - CFD)
    N/A Dynamic - Market Spread
    📉 BTC
    Dynamic - From $128.2 Dynamic - From $220
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No

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