Tickmill
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61% of retail CFD accounts lose money.

Vs.

Saxo Bank
Visit

65% of retail CFD accounts lose money.

Tickmill Vs. Saxo Bank - Compare and Choose the Right One

Updated Dec 14 2021

Visit

61% of retail CFD accounts lose money.

Visit

65% 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.

Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.

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
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
Trust

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5

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TTBTrust

9.7

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The Good
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
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)
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 4 Days
📋 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.

    🏛 Financial Regulators
    • CySec (Cyprus)
    • FSA (Seychelles)
    • FCA (UK)
    • FSA (Labuan)
    • FSCA (South Africa)
    • ASIC (Australia)
    • HKMA (Hong Kong)
    • ADGM (United Arab Emirates)
    • FINMA (Switzerland)
    • MAS (Singapore)
    • FFAJ (Japan)
    • AFM (Netherlands)
    📍 Year Founded
    2014 1992
    💳 Minimum Deposit
    $, €, £ - 100 From 500 € to 2,000 € depending on residence
    💰 Payment Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    • Visa
    • Mastercard
    • Bank Transfer
    💵 Account Base Currencies
    4 - USD, EUR, GBP, PLN 26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries
    US, CA, SY, IR. US,BR,ES,IN,KE,MX,NG,PK,ZA
    📊 STP Account
    No Yes
    📊 DMA Account
    No Yes
    📊 ECN Account
    No Yes
    Assets
    📚 Available Assets

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    • Real stocks, ETFs, bonds and options.
    • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.
    📙 Stocks
    N/A 30,000+
    📘 Currency Pairs
    62 182
    📗 Commodities
    4 19 (CFDs)
    📕 Indices
    14 29 (CFDs)
    📔 ETFs
    N/A 5,400+
    💸 Cryptocurrencies
    3 9
    📒 Bonds
    4 5,000+
    📓 Options
    N/A 3,000+
    📗 Futures
    N/A 300+
    📝 Notes:

    Tickmill’s asset offering is exclusively made of CFDs.

    N/A
    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 Cryptocurrency (eg: 0.01 units of BTC)
    📉 Minimum FX Trade Size
    $1,000 (0.01 Lots) $1,000 (0.01 lots)
    📈 Minimum Commodities Trade Size
    $1,000 (0.01 Lots) N/A
    📉 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 1:30
    💪 Professional Leverage
    Up to 1:500 Up to 1:66
    ✍ Customisable Leverage
    Yes, for the whole account. No
    🎲 Deleveraged Trading
    Yes Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes (only for account management) Yes
    📱 Android App
    Yes (only for account management) Yes
    📺 MetaTrader 4
    Yes No
    📺 MetaTrader 5
    Yes No
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No Yes (through API)
    💻 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

    Up to $150 after 6 months of inactivity, £25 after one quarter in the UK

    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No No
    💰 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 

    $0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract

    Spreads
    📈 EUR/USD

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

    0.8 pips on average, as low as 0.4 for VIP

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

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