Thinking of switching from Tickmill broker? The right alternative depends on what you want next, from wider market access to a different platform or more investing options.
Open your Tickmill account today
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tickmill has a TC Rating of 8.25/10- TC Validated. In this guide, we compare it with IG (9.00/10) and XTB (8.85/10) using the same TradingCritique rating framework and primary-source information. See how we research and score brokers using our 50-point methodology, and learn more about our approach on the About TradingCritique page.
IG offers broad market coverage and regulatory reach, while XTB offers a proprietary platform and commission-free stock and ETF investing within applicable limits. Tickmill may suit traders who value competitive Raw pricing, MetaTrader and exchange-traded futures through its UK entity.
We don’t name one winner
Rather than naming one broker as the best, this guide highlights where Tickmill, IG and XTB differ, so you can focus on the features that matter most to you. A higher overall rating does not automatically make a broker the right choice for your specific needs.
Why traders consider Tickmill alternatives
Tickmill covers the core needs of many forex and CFD traders, but your priorities may change over time. You may want access to more markets, a proprietary platform, or additional investing options.
For some traders, the reason to look elsewhere is not that Tickmill lacks a feature, but that another broker offers a different combination of markets, platforms or services. Understanding that specific difference is a better starting point than simply looking for a higher-rated broker.
Tickmill alternatives compared
Here is a side-by-side look at the three brokers using TradingCritique ratings.
| Feature | Tickmill | IG | XTB |
|---|---|---|---|
| TC Rating | 8.25/10 – TC Validated | 9.00/10 – TC Validated | 8.85/10 – TC Validated |
| Regulation | FCA, CySEC, FSCA, FSA Seychelles, DFSA representative as detailed explained in Tickmill regulation. | 11 regulators, including FCA, ASIC and CFTC/NFA | FCA, KNF, CySEC, DFSA, BaFin, FSC and others |
| Markets | 62 FX pairs, 600+ CFDs; exchange-traded futures through UK entity | 17,000+ instruments | 11,800+ instruments |
| Platforms | MT4, MT5, TradingView | IG platform, MT4, TradingView, ProRealTime, L2 Dealer | xStation 5 |
| Account types | Classic, Raw, TradingView Raw | Varies by entity and product | Standard |
| Minimum deposit | $100 | Varies | $0 |
| Standout | Competitive Raw pricing, MetaTrader and exchange-traded futures | Broad market coverage, regulatory reach and research | Proprietary platform and commission-free stock/ETF investing within applicable limits |
Tickmill vs IG: How they differ
Tickmill and IG take different approaches to trading. Tickmill focuses on competitive forex and CFD trading, while IG offers much broader market coverage.
IG broker provides 17,000+ instruments, extensive regulatory coverage and several platforms, including its own platform, MT4, TradingView and ProRealTime. Tickmill offers 62 FX pairs and 600+ CFDs, with MT4, MT5 and TradingView. Tickmill also offers exchange-traded futures through its UK entity.
IG may suit traders who want wider market coverage, regulatory reach and research tools. Tickmill may suit those who prioritise competitive Raw pricing, MetaTrader and exchange-traded futures.
CFDs are complex instruments. 69% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
Tickmill vs XTB: Fees, platforms & markets
Tickmill and XTB differ mainly in their platforms, markets and investing options. Tickmill focuses on forex and CFDs, while XTB combines CFDs with a wider range of instruments and commission-free stock and ETF investing within applicable limits.
Tickmill offers 62 FX pairs and 600+ CFDs, with MT4, MT5 and TradingView. XTB provides 11,800+ instruments through its proprietary xStation 5 platform.
XTB broker may suit traders who want a proprietary platform and commission-free stock and ETF investing. Tickmill may suit those who prefer MetaTrader, competitive Raw pricing and exchange-traded futures through its UK entity.
Open your XTB account today
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best Tickmill alternative for beginners
Beginners may have different priorities when choosing a Tickmill alternative. IG may suit those who want broad market access and research resources, while XTB may appeal to beginners looking for a proprietary platform and access to stocks, ETFs, forex and CFDs.
Rather than choosing based on the broker’s overall rating, consider which platform, markets and educational resources match your starting point.
Best Tickmill alternative for low-cost trading
If low trading costs are the main reason for considering a Tickmill alternative, there may be no need to switch simply for the sake of it. Tickmill’s Raw account spreads start from 0.0 pips with a commission, making its pricing competitive for traders focused on forex costs.
IG and XTB offer different pricing structures across their products and account types. The better comparison is therefore the total cost for the markets and trading style you actually use, including spreads, commissions and other applicable charges.
Best Tickmill alternative for forex / multi-asset
For forex-focused traders, Tickmill remains relevant because of its competitive pricing and range of FX pairs. Those looking for broader multi-asset access may instead consider IG or XTB, which offer significantly more instruments.
IG may suit traders who want the widest range of markets, while XTB may suit those who want to combine forex and CFDs with stock and ETF investing. The right choice depends on whether forex remains the main focus or broader market access is the priority.
How to choose the right Tickmill replacement
Before switching from Tickmill, focus on what you actually need from a new broker:
Editor-in-Chief’s note – Sasitharan Kumar
From years working with FCA- and CFTC-regulated brokers, I’ve learned that “best” depends on what you need. Traders moving from Tickmill for tighter pricing may have different priorities from those looking for broader markets or a proprietary platform. The best approach is to identify what Tickmill is missing for you, then compare brokers based on that specific need.
Is Tickmill still worth using?
Switching brokers is not always necessary. Tickmill may still suit traders who value competitive Raw pricing, MetaTrader, and access to exchange-traded futures through its UK entity. Its Raw account offers spreads from 0.0 pips with a commission, while MT4 and MT5 provide familiar platforms for traders who prefer the MetaTrader ecosystem.
If these features already meet your needs, there may be little reason to switch. An alternative becomes more relevant when you have a specific gap, such as wanting broader market coverage or a proprietary platform.
Conclusion
Choosing a Tickmill alternative depends on what you need from your next broker. IG may suit traders seeking broader market coverage and regulatory reach, while XTB may appeal to those who prefer a proprietary platform and commission-free stock and ETF investing within applicable limits.
Tickmill remains relevant for competitive Raw pricing, MetaTrader and exchange-traded futures through its UK entity. Compare these features with your priorities before deciding whether switching makes sense.
Open your Tickmill account today
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Pro Tip
Before switching from Tickmill, identify the main feature you want, whether it is broader markets, a different platform or lower trading costs. Also check the legal entity you would use and the investor protection it provides.
Frequently Asked Questions
1. How does IG differ from Tickmill?
IG offers wider market coverage and more platform options, while Tickmill focuses on forex, CFDs, competitive Raw pricing and MetaTrader.
2. How does XTB compare with Tickmill?
XTB offers a proprietary platform and 11,800+ instruments, while Tickmill focuses on forex and CFDs with MT4, MT5 and TradingView.
3. What are the main differences between IG, XTB, and Tickmill?
They differ mainly in markets, platforms, pricing and investing options. IG offers broad multi-asset access, XTB offers its xStation 5 platform, and Tickmill focuses on forex and CFDs.
4. Which Tickmill alternative may suit beginners based on their needs?
IG may suit beginners wanting broad markets and research, while XTB may suit those who prefer a proprietary platform.
5. Which broker offers wider market coverage than Tickmill?
Both IG and XTB offer wider market coverage, with 17,000+ and 11,800+ instruments respectively.
6. How do IG and XTB differ for forex-focused traders?
IG offers broader markets and platform choices, while XTB combines forex and CFDs with its proprietary xStation 5 platform.
7. How do the trading platforms of IG, XTB and Tickmill differ?
Tickmill offers MT4, MT5 and TradingView, IG offers several platforms, and XTB uses its proprietary xStation 5.
8. What should traders compare before switching from Tickmill?
Compare regulation, costs, platforms, markets and investor protection before switching.
9. Is Tickmill still worth considering instead of switching?
Yes, Tickmill may still suit traders who value competitive Raw pricing, MetaTrader and exchange-traded futures.
More on Tickmill
Continue your research across the Tickmill review.
