Page Summary
Interactive Brokers and Tickmill are leading online brokers. Interactive Brokers offers competitive fees with a minimum deposit of $0. It has a proprietary platform and a premium app with access to a virtual trading account. Interactive Brokers has licenses from the IIROC, FSA, MAS, SFC, FCA, FINMA, and CFTC. We recommend it for professional traders because of its professional platforms and tools.
Tickmill is a MetaTrader Broker with excellent fees and an FCA license. It provides access to copy trading and useful market insights. Tickmill’s learning center is better than the industry average. We recommend it for new traders.
Both brokerage firms have strengths and weaknesses. This article discusses the differences between Interactive Brokers and Tickmill.
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Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Tickmill
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | Futures $0.85 per contract |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 0 |
| Stocks & ETF | $ 0.005 per share | 0 |
| CFD (Gold) | 0.02% | 0 |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | $1.30 per contract | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 0 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 240 |
| Futures | 245 | 800 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 62 |
| CFD Indices & Funds | 13 | 26 |
| CFD Stocks | 8.000 | 0 |
| CFD Commodities | 2 | 3 |
| CFD Crypto | 0 | 8 |
| CFD Bonds | 0 | 4 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. Tickmill review:
- Interactive Brokers is a leading provider of premium trading tools and platforms.
- Tickmill is a MetaTrader-only broker with useful learning materials.
- Both brokers offer an active trader discount and a demo account.
Interactive Brokers is a good choice for professional traders, as it has premium platforms. We recommend Tickmill to all traders that want access to useful trading information.
Level of experience
Beginner traders prefer Tickmill over Interactive Brokers. Tickmill provides valuable educational materials, including beginner trading videos and webinars. The market insights cover essential data and news. Tickmill’s copy trading tools make it a top choice for traders of all levels of experience.
Interactive Brokers offers access to Trading Central and forex news. It has some educational tools, including investor dictionaries. Interactive Brokers is a better choice for professionals because of its premium platforms.
Fees
Tickmill has a minimum initial deposit of $100, while Interactive Brokers doesn’t charge an initial fee. Both brokers have a transparent fee policy and offer an active trader discount.
Assets
Interactive Brokers offer 105 forex currency pairs, while Tickmill has 62 available pairs. Interactive Brokers provide access to 7400 CFDs, while Tickmill has 13 available CFDs.
Trading platform
Interactive Brokers provides a premium trading experience with desktop and web platforms. It offers access to some educational materials, including advanced trading videos and webinars. We recommend it for professionals, as its platforms are challenging for beginners to learn.
Tickmill provides the standard MT4 experience with a web and desktop platform. It has copy trading tools, called ZuluTrade, and many research tools. Tickmill is a top choice for new investors, as it has valuable educational and market data.
Banking services
Banking services are important for a smooth online trading experience. Interactive Brokers offers as its funding option bank transfers. Tickmill uses bank wire, credit/debit card, and Skrill for funding.
Final verdict
Interactive Brokers and Tickmill are leading online brokers. Both have advantages and disadvantages depending on your needs, skills, and trading experience. Interactive Brokers is a top choice for professional investors, as it has limited educational data. We recommend Tickmill to beginners because of its beginner-friendly tools and platforms.
Interactive Brokers compared to other brokers: