XM vs Tickmill
Choosing between XM and Tickmill for your trading needs? This broker comparison between XM and Tickmill examines regulation and safety, pricing and fees, platform options, available instruments, account options, and funding and withdrawal methods, giving you the key details to make an informed decision.
Who is XM?
XM is a global multi-asset brokerage brand founded in 2009. Over the years, it has expanded across multiple regions to become a well-known broker serving over 15 million clients. The firm is recognized for its robust regulation, transparent trading environment, extensive product offerings, and advanced trading platforms. The official website of XM is www.xm.com.
The minimum deposit to start trading with XM is $5.
Who is Tickmill?
Tickmill is an internationally recognized forex and CFD broker founded in 2014, known for offering a high-quality trading experience to clients across various regions. The broker combines advanced trading technology with a robust regulatory profile, while providing access to a wide collection of market products. The official website is www.tickmill.com.
The minimum deposit required to start trading is $100.
XM vs Tickmill Side-by-Side Comparison
XM, founded in 2009, holds licenses from the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius). The company maintains local offices in several regions, including Limassol, Athens, Dubai and Cape Town. To trade the various markets available at the broker, XM supports multiple trading platforms, which are MT4, MT5 and XM App.
Opening an account with XM requires a minimum deposit of $5, with account balances available in USD, EUR, JPY, GBP, AUD, CHF, ZAR, HUF, SGD and PLN. XM operates as a B-Book (market maker) broker and supports copy trading with XM Copy Trading (available outside the EEA). To make deposits and withdrawals, traders can use credit and debit cards, international wire transfers, local transfers and e-wallets (Skrill, Neteller, etc.).
In comparison, Tickmill, established in 2014, is regulated by the FCA (UK), CySEC (Cyprus), DFSA (UAE), FSA (Seychelles) and FSCA (South Africa) and operates local offices in Johannesburg, Victoria, London, Dubai and Limassol. The broker supports various trading platforms, including MT4, MT5, TradingView and Tickmill Trader.
The minimum deposit accepted by Tickmill stands at $100, while base account currencies include USD, EUR, GBP, PLN, CHF and ZAR. The firm follows a hybrid model (A+B Book), supports copy trading via Tickmill Social Trading and ZuluTrade. Deposit and withdrawals are supported through credit and debit cards, bank transfers, crypto, e-wallets (Skrill, Neteller, Paypal, Trustly) and crypto.
XM vs Tickmill Market Instruments
XM offers traders 1,400+ instruments, with CFDs on forex, stocks, equity indices, themathic indices, commodities and cryptocurrencies. The lineup of products features 40+ forex pairs, 1,000+ stocks, 20+ indices, 30+ commodities, and 10+ crypto pairs (cryptos are available outside the EEA).
Tickmill, by comparison, supports the trading of 600+ instruments, including CFDs on forex, stocks, indices, commodities, etfs and cryptocurrencies. This collection at Tickmill cheracterises of 60+ forex pairs, 490 stocks, 19 indices, 19 commodities, and 13 crypto pairs.
XM vs Tickmill Account Types
XM vs Tickmill Spreads Comparison
The figures below reflect the minimum and average spreads on standard accounts for XM and Tickmill. Actual trading costs can vary by account type, liquidity, and market conditions. For the most up-to-date details, always verify spreads on each broker’s website.
Minimum spreads: For EUR/USD, XM offers minimum spreads from 1.6 pips while Tickmill begins at 1.6 pips. For GBP/USD, XM quotes spreads from 1.8 pips versus Tickmill at 1.6 pips. For USD/CAD, the minimum spread at XM is 2.3 pips versus Tickmill's 1.6 pips, and on CAD/JPY, XM offers 3.4 pips versus Tickmill's 1.6 pips.
For XAU/USD (Gold), WTI crude, and Bitcoin, XM quotes minimum spreads of $0.3, $0.03, and $60 respectively, while Tickmill does not disclose its minimum spreads for these instruments.
Average spreads: XM reports averages of 2.0 pips on EUR/USD, 2.4 pips on GBP/USD, and $0.45 on XAU/USD (Gold). Tickmill does not provide data about the average spreads on a standard account.
XM vs Tickmill Minimum Spreads Comparison
XM vs Tickmill Average Spreads Comparison
Costs on Raw/Zero Spread Account
XM and Tickmill both offer raw/zero spread accounts. On these accounts, XM quotes a minimum spread of 0.0 pips with a commission of $3.5 per side per lot, while Tickmill quotes 0.0 pips and a commission of $3.0 per side per lot. The XM Zero spread account is available exclusively in the EEA.
These figures outline how ultra-tight pricing is structured, with most costs coming from commissions rather than the spread. Since spreads and fees can change with market conditions and liquidity, always check each broker’s website for the latest details.
Other Features
XM vs Tickmill: Wrapping Up the Comparison
XM, founded in 2009, is regulated by the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius). In contrast, Tickmill, established in 2014, is supervised by the FCA (UK), CySEC (Cyprus), DFSA (UAE), FSA (Seychelles) and FSCA (South Africa). Both brokers cater to global traders with mainstream trading platforms. XM offers MT4, MT5 and XM App, while Tickmill provides MT4, MT5, TradingView and Tickmill Trader.
XM has a lower entry threshold with a minimum deposit of $5. The broker includes a Standard account, a zero spread option, a demo environment, and also supports an Islamic (swap-free) setup. Additional account choices at XM include Ultra Low and Shares. In comparison, Tickmill requires a minimum deposit of $100 to start and features a Standard account and a raw spread account, along with a demo environment and an Islamic (swap-free) option. Tickmill has no additional account types beyond the core lineup. Both brokers support copy trading.
In terms of pricing, minimum EUR/USD spreads are comparable. XM offers this pair with spreads that start from 1.6 pips and Tickmill from 1.6 pips. XM also publishes an average EUR/USD spread of 2.0 pips, whereas Tickmill does not publish an average figure. On market coverage, XM offers 1,400+ instruments compared with Tickmill’s 600+.
In summary, traders prioritizing low starting capital and a larger instrument collection may lean toward XM, while those seeking more platform choices might prefer Tickmill.
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