FxPro vs Tickmill Comparison – 2024

Top Reasons to Choose FxPro or Tickmill

After completing my thorough research, I concluded that FxPro offers a more diverse range of trading platforms. Its feature-rich proprietary platform includes very detailed charts where price action is represented clearly. Technical traders stand to benefit the most from this, as they can examine price action from different angles. I was also impressed by FxPro’s average execution speed, which I clocked at around 12 milliseconds.

On the other hand, I found Tickmill to be a better option for algorithmic trading. The broker achieves average execution speeds below 20 milliseconds, ranking among the best in the industry. Additionally, Tickmill offers free VPS hosting for ultra-fast order execution below 5 milliseconds.

FxPro: Snapshot

FxPro dominates the trading industry with its feature-rich platforms, extensive instrument offerings, fast execution speeds, and comprehensive supporting tools. Established in 2006, the London-based derivatives broker holds multiple licenses in different jurisdictions. FxPro is an equally good choice for novice traders and seasoned professionals. FxPro offers a variety of educational and research content and maintains excellent execution standards.

FxPro: Who is it For?

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.

What Makes FxPro Stand Out?

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.

Tickmill: Snapshot

Tickmill was established in 2014 in the United Kingdom. The broker supports ultra-fast order execution for scalping and intraday trading. It also offers a wide array of CFDs, futures contracts (real futures), and options. This diversity offers traders the freedom to control their market exposure and better manage expected and unexpected changes in volatility. Overall, the broker offers more than 600 tradable instruments.

Tickmill: Who is it For?

Tickmill is a great choice for scalpers, swing traders, and day traders alike. Its ultra-fast order execution mitigates the risk of negative slippage, while the availability of futures contracts and options allows traders to exploit the same underlying opportunities in different ways.

What Makes Tickmill Stand Out?

Tickmill stands out against the competition with its super-fast execution speeds averaging around 20 milliseconds. This performance is impressive and perfectly calibrated for high-precision trading. Tickmill is indeed one of the best options for those interested in scalping. Furthermore, the broker offers free VPS hosting for even better performance.

Trust

FxPro vs Tickmill Trust and Regulation Comparison

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, such as keeping its clients’ funds in segregated accounts and ensuring negative balance protection. It has issued a ‘best execution policy’ and a ‘client categorization’ policy.

Tickmill operates five entities that are licensed and regulated globally by the FCA in the UK, CySEC in Cyprus, FSCA in South Africa, the FSA of Malaysia, and the FSA of the Seychelles. The broker adheres to some of the most rigorous safety requirements and ensures superior execution standards. Tickmill operates on a ‘best execution’ basis, meaning it stays committed to delivering the optimal price quotes under prevailing market conditions.

If you want to learn more about brokers’ regulations, be sure to check out our article on the top regulated forex brokers.

Fees

FxPro vs Tickmill Spreads, Fees and Commissions Comparison

FxPro’s Standard account features floating spreads from 1.0 pips and zero commissions, whereas its Raw account features, as the name suggests, raw spreads from 0.0 pips and a $7 round-turn commission per traded lot. As a whole, FxPro’s combination of spreads and commissions is low to average compared to the industry average. In particular, I assessed that the Raw account features more competitive prices.

Tickmill’s Pro account, which is available with a low minimum deposit requirement of only $100, features floating spreads from 0.1 pips and a $4 round-turn commission per lot. This pricing mechanism falls markedly below the industry average, offering very favorable conditions for intraday and high-frequency trading.

Platforms and Tools

FxPro vs Tickmill Trading Platforms Comparison

FxPro shines in the Platforms category with its diverse offerings. In addition to MetaTrader 4 and 5, and 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

FxPro vs Tickmill Instruments Selection Comparison

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 offers over 600 tradable instruments. Traders can choose from more than 500 higher-yield/risk assets, such as share CFDs and cryptocurrencies, 30 lower-risk securities like ETFs and bonds, and more than 100 futures contracts and options. This diversity is tailored to support a wider range of trading strategies.

Customer Support

FxPro vs Tickmill Customer Support Comparison

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

FxPro vs Tickmill Research Tools Comparison

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.

Deposits & Withdrawals

FxPro vs Tickmill Deposit and Withdrawal Methods Comparison

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

FxPro vs Tickmill Account Types Comparison

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: Pro, Classic, and VIP, 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

FxPro vs Tickmill Educational Content Comparison

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.

Our Methodology

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:

• Trust
• Fees
• Platforms and Tools
• Tradable Instruments
• Customer Support
• Research
• Deposits and Withdrawals
• Account Types and Terms
• Education

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.

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