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IC Markets vs Tickmill: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

IC Markets is better than Tickmill for CFD trading in India by a small margin, because it has a lower EUR/USD cost (7.55 USD per lot against 11.50 USD), faster execution (40 ms against 150 ms) and a lower minimum deposit (none against 100.00 USD). Tickmill, on the other hand, gives access to Autochartist. IC Markets holds licences from CySEC, ASIC, the SCB and the FSA (Seychelles), and Tickmill from CySEC, the FCA, the FSA (Seychelles) and the LFSA. Both offer 180 tradable symbols, provide a demo account with no expiry date and open raw spread, ECN, islamic and managed accounts.

Best overall

IC Markets

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country IC Markets accepts clients from the country this site is for.
87CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

72.52% of retail investor accounts lose money when trading CFDs with this provider.

Tickmill

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country Tickmill accepts clients from the country this site is for.
78CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

73% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders IC Markets and Tickmill are best suited to, based on what each one actually offers in India.
1 / 12

IC Markets is better than Tickmill for high-volume traders and swing traders. Both are a good fit for professional traders, scalpers and news traders.

Best for
Overall score IC Markets 87 Best Tickmill 78 -9
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise IC Markets and the ones that supervise Tickmill.
2 / 12

IC Markets and Tickmill are both regulated by top-tier authorities, IC Markets by CySEC and ASIC (Australia) and Tickmill by CySEC and the FCA (United Kingdom).

Regulation
Section score IC Markets 100 Tickmill 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that IC Markets and Tickmill have in place to protect your money in India.
3 / 12

Both IC Markets and Tickmill offer segregated client funds and two-factor authentication. Tickmill also offers additional money insurance.

Safety
Section score IC Markets 65 -9 Tickmill 74 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2007 2015
Parent company i International Capital Markets Pty Ltd Tickmill Group
CEO i Andrew Budzinski Sudhanshu Agarwal
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A N/A
Brand power
Number of customers worldwide i 1,350,000
Annual revenue i
Monthly website search traffic i 2.2M monthly visits

Costs

What we compare A comparison of what it costs to trade with IC Markets and with Tickmill in India, both on each trade and on holding the account.
4 / 12

IC Markets is better than Tickmill for costs, given that IC Markets is cheaper on EUR/USD, at 7.55 USD per lot (against Tickmill's 11.5 USD), charges lower Bitcoin CFD fees, at 12.01 USD (against Tickmill's 24.9 USD), and does not charge inactivity fees, unlike Tickmill. Neither IC Markets nor Tickmill charges account maintenance fees or deposit fees.

Costs
Section score IC Markets 79 Best Tickmill 52 -27
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i USD 7 USD 6
EUR/USD average standard spread i
0.8 pips
1.6 pips
EUR/USD average raw spread i
0.01 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 7.55 USD 11.5
S&P 500 fees (CFD) i 0.492 points 0.39 points
Gold fees (CFD) i 0.09 points 0.09 points
Bitcoin fees (CFD) i USD 12.01 USD 24.9
US stocks fees (CFD) i USD 0.02 Free
Fees on stocks
Stock fee type i Commission, Percentage Spread
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i Free
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with IC Markets and with Tickmill in India, and of how many instruments each one gives access to.
5 / 12

IC Markets and Tickmill are equally good for available markets, as both offer CFDs on commodities, crypto, forex, indices and stocks.

Available markets
Section score IC Markets 75 Tickmill 75
Total tradable symbols i 180 180
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that IC Markets and Tickmill make available to their clients in India.
6 / 12

IC Markets is better than Tickmill for platforms, because IC Markets offers cTrader, social trading and copy trading, which Tickmill does not. Both IC Markets and Tickmill offer MetaTrader 5 and MetaTrader 4.

Platform
Section score IC Markets 89 Best Tickmill 62 -27
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of IC Markets and Tickmill in India, and of what each one lets you do from your phone.
7 / 12

IC Markets is better than Tickmill for mobile trading, since IC Markets offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which Tickmill does not. IC Markets and Tickmill both offer a proprietary mobile app and mobile trading signals.

Mobile
Section score IC Markets 93 Best Tickmill 67 -26
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that IC Markets and Tickmill allow on their platforms in India.
8 / 12

IC Markets and Tickmill are equally good for trading features, since IC Markets executes orders faster, within 40 ms (against Tickmill's 150 ms), and offers tier-1 liquidity providers. On the other hand, Tickmill offers negative balance protection. Both IC Markets and Tickmill offer trailing stops and VPS hosting.

Trading features
Section score IC Markets 83 Tickmill 83
Trade execution
Broker type i NDD NDD
Average execution time i 40 ms 150 ms
Slippage occurrence i
Requotes occurrence i 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 5000:1 1000:1
Minor/Exotic FX pairs leverage i 5000:1 1000:1
Major indices leverage i 200:1 200:1
Minor indices leverage i 200:1 100:1
Gold leverage i 2000:1 1000:1
Commodities leverage i 1000:1 100:1
Equities leverage i 20:1 20:1
Cryptocurrency leverage i 500:1 200:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at IC Markets and at Tickmill in India, and of who each one is meant for.
9 / 12

IC Markets is better than Tickmill for account types, given that IC Markets offers a corporate account and a copy trading account, which Tickmill does not. Both IC Markets and Tickmill offer a demo account and a professional traders account.

Account types
Section score IC Markets 92 Best Tickmill 74 -18
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with IC Markets and with Tickmill in India.
10 / 12

IC Markets is better than Tickmill for account opening, because IC Markets does not require a minimum deposit (against Tickmill's 100 USD), offers 10 account base currencies (against Tickmill's 3), and supports 3 e-wallets (against Tickmill's 2). IC Markets and Tickmill both offer credit cards and debit cards.

Account opening
Section score IC Markets 95 Best Tickmill 77 -18
Minimum deposit i USD 0 USD 100
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Neteller, Skrill Neteller, Skrill
Local payment methods i
Account base currencies i AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD EUR, GBP, USD
Deposit waiting time i Instant Instant
Withdrawal waiting time i up to 1 business days up to 1 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of IC Markets and Tickmill in India, in how it can be reached and how fast it answers.
11 / 12

IC Markets is better than Tickmill for customer care, since IC Markets offers customer support in 17 languages (against Tickmill's 15), has a website in 17 languages (against Tickmill's 12), and offers a dedicated account manager, which Tickmill does not. Both IC Markets and Tickmill offer phone support and live chat.

Customer care
Section score IC Markets 87 Best Tickmill 67 -20
Number of languages supported i 17 15
Website languages i Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese Arabic, German, English, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Chinese
Website available in English i
Customer support languages i Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese Arabic, German, English, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that IC Markets and Tickmill provide to their clients in India.
12 / 12

IC Markets and Tickmill are equally good for learning, as both offer education for advanced traders and webinars.

Learning
Section score IC Markets 100 Tickmill 100
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
IC Markets
Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.
Tickmill
Open Account 73% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

IC Markets vs Tickmill: which one should you choose?

IC Markets

CFD Choose IC Markets, regulated by CySEC and ASIC, if you want a CFD broker with low trading costs, no minimum deposit and fast execution.

Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.
Tickmill

CFD Choose Tickmill, regulated by the FCA and CySEC, if you want a forex brokerage service with Autochartist.

Open Account 73% of retail investor accounts lose money when trading CFDs with this provider.

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