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


Visit 71% of retail CFD accounts lose money.	Visit 69.9% 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.	SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 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	Professional high volume traders looking to exploit their competitive commissions in shares High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips
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 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FSA (Seychelles) FCA (UK) FSA (Labuan) FSCA (South Africa)	CySec (Cyprus) FSAS (Seychelles)
The Good
Very low and competitive spreads depending on the account type Leverage can be either removed or customised for the whole account	Extensive asset offering (more than 10,000+ products) Real stocks are offered along with CFDs Very competitive share trading commissions when compared to similar brokers
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)	Platform offering is limited to only MT4 and MT5 High minimum deposit for SquaredElite account (5,000 €)
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	2005
💳 Minimum Deposit Range
$100	250 € (SquaredPro Account), 5,000 € SquaredElite Account
💰 Payment Methods
Bank Transfer Visa Mastercard Skrill Neteller DotPay Paypal	Visa Mastercard Bank Transfer Neteller Skrill Instatransfer
💵 Account Base Currencies
4 - USD, EUR, GBP, PLN	5 - EUR, USD, GBP, CHF, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA, IR, SY.
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
87	17,101
Exchange Access
0	0
📙 Real Stocks
0	8,000
📙 Stock CFDs
0	8,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
62	40
📗 Commodities
0	0
📗 Commodities CFDs
4	5
📕 Indices
0	0
📕 Indices CFDs
14	15
📔 ETFs
0	0
📔 ETFs CFDs
0	1,000
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
3	25
📒 Bonds
0	0
📒 Bonds CFDs
4	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	16
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies per Commodity (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Varies per future (Eg: 1 Contract)
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 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	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
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	Yes, depending on account type or assets. For account types: SquaredPro account has no default commissions SquaredElite account has a commission of $5 per lot For particular assets there are commissions on all accounts, specifically in shares as follows: USA shares have a $0.06 per share commission (with a minimum of $2) European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)
Spreads
📈 EUR/USD
Dynamic- From 0 to 1.6 Pips	Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic- From 39 Pips	Dynamic - From 150 Pips
📈 GOLD
Dynamic- From 24 Pips	Dynamic - From 110 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $128.2	Dynamic - From $250
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	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No