FxPro | Tickmill | |
---|---|---|
Overall Rating | 4.6 | 4.4 |
Trust | 4.3 | 4.3 |
Fees | 4.2 | 4.0 |
Platforms and Tools | 4.8 | 4.2 |
Tradable Instruments | 4.7 | 4.3 |
Customer Support | 4.6 | 4.8 |
Research | 4.8 | 4.4 |
Deposit and Withdrawal | 5.0 | 4.9 |
Account Types and Terms | 4.9 | 4.9 |
Education | 4.9 | 5.0 |
Regulators & Max Leverage | 1:30 (FCA), 1:500 (FSCA), 1:30 (CySEC), 1:200 (SCB) | 1:1000 (FSCA), 1:30 (CySEC), 1:30 (FCA), 1:30 (DFSA), 1:1000 (FSA) |
Foundation Year | 2006 | 2014 |
Fees Test | Medium | Medium |
Tradable Instruments | 2120 | 646 |
Trading Platforms | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App | MT5, MT4, Capitalise.ai |
Minimum Deposit | $100 | $100 |
Read Reviews |
After conducting thorough research, I concluded that FxPro offers a more diverse selection of trading platforms. Its feature-rich proprietary platform stands out with highly detailed charts that clearly represent price action. This is particularly beneficial for technical traders, who can analyze price movements from multiple perspectives. I was also impressed by FxPro’s average execution speed, which I recorded at approximately 12 milliseconds.
In contrast, I found Tickmill to be a stronger choice for algorithmic trading. The broker delivers average execution speeds below 59 milliseconds, outperforming the industry average. Additionally, Tickmill provides free VPS hosting, enabling ultra-fast order execution speeds of under 5 milliseconds.
FxPro Best for Trading Platforms |
Tickmill Best for Algorithmic Trading |
MetaTrader 4&5, cTrader, FxPro Trading Platform, FxPro Direct App | Average execution under 59 milliseconds |
Average execution under 12 milliseconds | Low trading fees |
2,100+ tradable instruments | FIX API for DMA trading |
Robust research content | VPS hosting |
Incorporates content from LiveSquawk and Trading Central | Codeless automation via Capitalise.ai |
Spread betting available | AI-powered research from Acuity & Signal Centre |
Multilingual customer support | Selection of platforms |
FxPro stands out in the trading industry with its feature-rich platforms, extensive range of instruments, fast execution speeds, and comprehensive supporting tools. With over 22 years of experience, the London-based derivatives broker is licensed in multiple jurisdictions. FxPro caters equally well to both novice traders and seasoned professionals, offering a variety of educational and research content while maintaining high execution standards.
While FxPro’s offering is comprehensive enough to cater to the different needs of all kinds of traders – including scalpers, hedgers, day traders, swing traders, and more – I deduced that technical traders stand to gain the most from the broker. FxPro has developed an excellent proprietary platform bearing the same name, and it also incorporates the renowned MetaTrader 4, MetaTrader 5, and cTrader. The FxPro and cTrader platforms, in particular, support comprehensive technical analysis due to their multiple analytical tools and fluid charts.
As mentioned above, FxPro stands out with its advanced FxPro platform. It features more than 90 analytical tools and chart configurations for examining different trading opportunities. I also assessed that it has an easy learning curve, making it suitable for traders of all experience levels. Most importantly, the platform has easily scalable charts, allowing chart artists to examine the same trading setup from multiple angles.
Recommended in 6 best broker guides: |
NDD | Regulated | FCA | cTrader | Scalping | Spread Betting |
Tickmill was established in 2014 in the United Kingdom. The broker supports fast order execution for scalping and intraday trading. The broker offers a wide range of CFDs, futures contracts (real futures), and options, though the latter two are only available to UK clients. This variety gives traders greater flexibility to manage their market exposure and adapt to both expected and unexpected changes in volatility. Overall, Tickmill provides access to more than 600 tradable instruments.
Tickmill is an excellent choice for scalpers, swing traders, day traders, and those interested in automated trading. Algo traders can automate their strategies using MetaTrader’s Expert Advisors (EAs) and backtest them with the platform’s built-in strategy tester. Tickmill also supports codeless automation via Capitalise.ai and provides VPS hosting for low-latency trading (under 5 milliseconds) and stable connectivity.
Tickmill stands out with its exceptional execution speeds, averaging around 59 milliseconds, which can be further improved with VPS hosting for high-precision trading. The broker also offers a comprehensive suite of trading and research tools, including a FIX API protocol for Direct Market Access (DMA), AI-powered research from Acuity and Signal Centre, and robust educational content. This combination makes Tickmill a leading choice for scalpers and other high-frequency traders.
Recommended in 7 best broker guides: |
Forex | CFD | Platfotms | MT4 | Demo Account | No Deposit Bonus | Gold |
Trust Rank | 4.3 | 4.3 |
Regulators & Max Leverage | 1:30 (FCA), 1:500 (FSCA), 1:30 (CySEC), 1:200 (SCB) | 1:1000 (FSCA), 1:30 (CySEC), 1:30 (FCA), 1:30 (DFSA), 1:1000 (FSA) |
Foundation Year | 2006 | 2014 |
Publicly Traded |
FxPro is licensed and regulated by two Tier-1 regulators (FCA in the UK and CySEC in Cyprus), one Tier-2 regulator (FSCA in South Africa), and one Tier-3 regulator (SCB in the Bahamas). As a whole, the broker adheres to all essential safety requirements, including maintaining client funds in segregated accounts and providing negative balance protection.
Tickmill operates through five entities, regulated globally by the FCA in the UK, DFSA in Dubai, CySEC in Cyprus, FSCA in South Africa, and the FSA in the Seychelles. The broker complies with stringent safety requirements and upholds superior execution standards. Operating on a ‘best execution’ basis, Tickmill is committed to delivering optimal price quotes under prevailing market conditions. Additionally, it employs a multilayered Client Categorization Policy to tailor its services to traders’ needs.
If you want to learn more about brokers’ regulations, be sure to check out our article on the top regulated forex brokers.
Fees Rank | 4.2 | 4.0 |
Inactivity Fee |
FxPro’s Standard account features floating spreads from 1.0 pips and zero commissions, while its Raw account provides raw spreads starting from 0.0 pips and a $7 round-turn commission per traded lot. Overall, FxPro’s combination of spreads and commissions ranges from low to average compared to the industry standard. In particular, I assessed that the Raw account delivers more competitive prices.
Tickmill’s Raw account, available with a low minimum deposit of just $100, features floating spreads starting from 0.0 pips and a $6 round-turn commission per lot. Additionally, the broker offers a Classic account with zero commissions and spreads starting from 1.6 pips. This pricing structure is significantly below the industry average, providing highly favorable conditions for intraday and high-frequency trading.
Platform Rank | 4.8 | 4.2 |
Trading Platforms | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App | MT5, MT4, Capitalise.ai |
Mobile Apps | Android, iOS | Android, iOS |
FxPro shines in the Platforms category with its diverse offerings. In addition to MetaTrader 4 and 5, as well as cTrader, the broker offers its proprietary FxPro platform. What makes it stand out is its easy scalability, allowing traders to zoom in and out of price action without losing focus. Furthermore, unlike more rugged platforms, FxPro’s charts do not become easily crowded when adding two or more indicators. Finally, FxPro achieves an impressive average execution speed of around 12 milliseconds.
Tickmill also incorporates MetaTrader 4&5 for retail trading in addition to 10 different solutions for futures and options trading, such as AgenaTrader. MetaTrader is a well-established name in the industry, accommodating simple order execution and automated trading via its Expert Advisors (EAs) feature. However, MT4 and MT5 have somewhat rugged and outdated designs, rendering them less than ideal for conducting sophisticated technical analysis.
Tradable Instruments Rank | 4.7 | 4.3 |
# Tradable Instruments | 2120 | 646 |
# Currency Pairs | 71 | 62 |
# Commodities | 37 | 15 |
# Crypto | 28 | 9 |
# Stocks | 1955 | 489 |
# Indices | 29 | 20 |
FxPro offers more than 2,100 tradable instruments across currency pairs, commodities, share CFDs, indices, and cryptocurrencies. The bulk of the offering comprises 1,955 share CFDs, making it suitable for stock traders worldwide. My one gripe with FxPro is that it needs to incorporate more lower-risk securities, such as bonds and ETFs.
Tickmill provides access to over 600 tradable instruments. Traders can choose from more than 500 higher-risk/higher-reward assets, such as share CFDs and cryptocurrencies, 30 lower-risk securities like ETFs and bonds, and over 100 futures contracts and options. This diverse selection is designed to accommodate a wide range of trading strategies. However, it’s important to note that futures and options are only available to clients of the UK entity..
Customer Support Rank | 4.6 | 4.8 |
Availability | Available 24/5 | Available 24/5 |
Live Chat |
FxPro offers reliable customer support via live chat, email, and phone. It is available 24/5 in multiple languages, including English, Spanish, Chinese, Russian, German, Arabic, and Italian. The agents I spoke to were knowledgeable and polite, though sometimes it may take more than several minutes to get in touch.
Tickmill provides 24/5 customer support in 16 different languages, including English, Russian, German, Thai, and more. Assistance is available via live chat, email, and phone. There is also a dedicated FAQ section for general queries. Agents respond quickly to new queries, and their answers are well-researched.
Research Rank | 4.8 | 4.4 |
News (Top-Tier Sources) | ||
Economic calendar | ||
Videos/Webinars | ||
Trading Central (Recognia) | ||
Autochartist |
FxPro offers a blend of in-house content and third-party tools, notably incorporated from Trading Central. Its clients are offered a variety of market breakdowns, technical and fundamental analyses, and actionable trading ideas. The technical analyses, in particular, stand out in terms of their comprehensiveness. I assessed that the content is great for day trading and swing trading.
Tickmill also provides well-researched and highly informative content developed in-house, as well as incorporating market reviews from Autochartist. The broker also offers various tools for assessing the underlying market sentiment. For instance, there is the intuitive Acuity tool, which can be used directly on MT4 and MT5.
Deposit and Withdrawal Rank | 5.0 | 4.9 |
Deposit Options | Cryptocurrencies, Local Deposit, PayPal, Wire Transfer, Skrill, Credit Card, Debit Card, SticPay | Wire Transfer, Skrill, Neteller, Credit Card, Debit Card, Cryptocurrencies, SticPay, FasaPay, Union Pay, Webmoney |
Withdrawal Options | Wire Transfer, PayPal, Credit Card, Debit Card, Cryptocurrencies, SticPay | Wire Transfer, Neteller, Skrill, Credit Card, PayPal, Debit Card, Cryptocurrencies, SticPay, FasaPay, Union Pay |
Withdrawal Fee |
Deposits and withdrawals with FxPro are cost-free, though third-party banking fees may apply. The broker offers multiple payment methods, including bank wires, credit and debit cards, and e-wallets. Processing times vary but fall within the norm.
Tickmill also offers charge-free deposits and withdrawals via wire transfer, bank cards, or one of several e-wallets. Most payment requests are processed within one business day, though transaction times may take up to seven business days to complete.
Account Types and Terms | 4.9 | 4.9 |
# Base Currencies | 71 | 62 |
Islamic Account | ||
Demo Account | ||
Minimum Deposit | $100 | $100 |
FxPro offers three account types: Standard, Raw, and Elite. The minimum deposit requirement is $100 for the Standard account, $500 for the Raw account, and $30,000 for the Elite account. The Raw account, in particular, strikes a good balance between accessibility and fair prices. Traders can choose from nine base currencies. Swap-free trading is available via FxPro’s Islamic accounts.
Tickmill offers three retail account types: Raw, Classic, and Tickmill Trader Raw, as well as one account specifically tailored for futures trading. Swap-free trading is also available via Tickmill’s Islamic accounts. The minimum deposit requirement with Tickmill is $100. The broker’s accounts are accessible and geared towards high-frequency trading, especially scalping.
Education Rank | 4.9 | 5.0 |
Videos | ||
Webinars |
FxPro offers comprehensive educational materials. Its courses introduce novices to the ABCs of technical analysis, fundamental analysis, trading psychology, and risk management. The broker also offers multiple educational videos on its YouTube channel so that traders can learn on the go.
Tickmill excels in the educational category. It offers multiple supporting content, including its LSEG-accredited (London Stock Exchange Group) courses. Tickmill is among a select few brokers that provide such institutional-grade educational content. Beginners can use these resources to learn how to take advantage of different trading opportunities and protect themselves against uncertainty.
Since 2011, FX Empire has developed a detailed methodology for evaluating CFD brokers, involving over 250 variables across nine crucial categories. Our team of experts, with deep industry knowledge, conducts live testing and research by interacting with the brokers directly. We check regulations, open accounts, test spreads, account costs, platform functionality, instrument variety, customer support reliability, and the quality of research and educational content. This granular analysis helps us identify each broker’s strengths and weaknesses, keeping our comparisons current with market trends and ensuring our guides meet traders’ needs.
We strive to evaluate each broker objectively, considering how their offerings align with the diverse trading goals and preferences of our readers. Our focus is on providing a balanced overview of each broker’s strengths and weaknesses. This method ensures that our readers receive clear, insightful comparisons to aid in making well-informed trading decisions.
We employ a comprehensive rating system across nine key categories:
In each category, we conduct an in-depth analysis for both brokers, outlining features, advantages, and disadvantages and determining their suitability for different trader profiles. By blending insights from our extensive reviews with first-hand experiences and observations, we ensure each comparison is balanced, informative, and tailored to the trader’s unique needs. You can read more about our review process here.