Page Summary
Saxo Bank and Tickmill are leading online brokers with outstanding online experiences. Saxo Bank offers premium services, tools, and trading platforms. It has a transparent fee structure and an active trader discount. Saxo Bank has top-tier licenses from the ASIC, SFC, FCA, FSA, MAS, and FINMA. It is a top choice for active traders of all levels of experience.
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Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
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 | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | Futures $0.85 per contract |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1 | 0 |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0 |
| CFD (Gold) | $0.60 | 0 |
| Crypto | 0 | 0 |
| Options | $0.75 | $1.30 per contract |
| Conversion Fees | 0,75% | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 30.000 | 0 |
| ETF & Funds | 5.800 | 0 |
| Crypto | 9 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 3.000 | 240 |
| Futures | 300 | 800 |
| Bonds | 4.200 | 0 |
| Forex Instruments | 200 | 62 |
| CFD Indices & Funds | 50 | 26 |
| CFD Stocks | 19.000 | 0 |
| CFD Commodities | 50 | 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
Tickmill is a MetaTrader broker with competitive prices for professionals and an FCA license. It has copy trading tools and excellent market data. Tickmill’s educational tools are better than the industry average. We recommend it for traders of all levels of experience.
Both brokerage firms have advantages and disadvantages. This article discusses the differences between Saxo Bank and Tickmill.
Top findings from the Saxo Bank vs. Tickmill review:
- Saxo Bank is a leading online broker with premium services and social trading tools.
- Tickmill is a leading MetaTrader-only broker popular with high-balance traders.
- Both brokers offer an active trader discount and a demo account.
Saxo Bank is a top choice for traders of all levels of experience as it has social trading and premium tools. New traders choose Tickmill because of its comprehensive learning materials.
Level of experience
Professional traders choose Saxo Bank because of its premium account tiers and trading tools. It offers advanced trading videos for experienced investors. Saxo Bank has beginner-friendly tools, including webinars and forex education. Saxo Bank caters to high-end traders.
Tickmill provides valuable educational data, including beginner trading videos and webinars. It has copy trading tools useful for traders of all levels of experience. Tickmill’s primary client base is beginner and intermediate traders.
Fees
The minimum initial deposit at Saxo Bank is US$10,000, while at Tickmill is $100. The average EUR/USD spread at Saxo Bank is 0.8, while at Tickmill is 0.53.
Assets
Saxo Bank offers 170 forex currency pairs, while Tickmill has 62 available pairs. Saxo Bank has 9000 CFDs, while Tickmill has 13 available CFDs.
Trading platform
Saxo Bank has an excellent portfolio with desktop, web, and mobile trading platforms. It has a virtual trading account and premium research tools. Saxo Bank has excellent social trading services and access to MT4. We recommend it for active traders of all levels of experience.
Tickmill offers the MT4 suite with a desktop and web platform. It has copy trading tools, ZuluTrade, and many research tools. It is an excellent choice for beginners, as it has a wide range of educational resources and top-tier market data.
Banking services
Banking services contribute to a smooth online trading experience. Saxo Bank offers bank transfers and credit/debit card transfers. Tickmill has bank transfers, credit/debit cards, and Skrill funding.
Final verdict
Saxo Bank and Tickmill are leading online brokers with excellent services. Both have strengths and weaknesses, depending on your trading needs and experiences. Saxo Bank is a top choice for active traders looking for professional tools. We recommend Tickmill for new investors, as it has robust learning tools.
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