Tickmill vs FXCM

Tickmill or FXCM – which is better for UK traders 2024? Compare Tickmill and FXCM in this detailed breakdown of their platforms, features and fees.

Tickmill vs FXCM Comparison Table 2024
Tickmill FXCM
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3.3
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3.5
Tickmill is ranked #97 among CFD brokers. FXCM is ranked #44 among CFD brokers.
Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Over 660,000 traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors. FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.
Pros
  • Strong suite of trading tools; MT4, MT5, VPS, Autochartist, Acuity, and forex calculators
  • Beginner-friendly educational content with user tutorials and analyst insights
  • Three live accounts with five base currencies and competitive pricing
  • Overseen by tier-one and tier-two regulators; FCA and CySEC
  • Above-average selection of funding methods including PayPal
  • 500+ markets including forex, stocks and commodities
  • Hedging and scalping permitted
  • Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart
  • The proprietary Trading Station terminal is a good choice for traders looking for an all-in-one solution for their short-term and automated trading strategies
  • Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus
  • FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history
  • A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times
  • The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account
  • FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4
Cons
  • Services not available to clients from the US, Japan or Canada
  • Limited regulatory oversight if you sign up with the offshore branch
  • Telephone support available during office hours only
  • Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer
  • There is no choice of retail accounts for traders, nor any Cent/Micro account options
  • The live chat support can be slow and unreliable compared to the top competitors
Awards
  • Best Commodities Broker 2020 - Rankia Markets Experience Expo
  • Best Trading Experience 2020 - Forex Brokers Award
  • Best Forex Execution Broker 2019 - CFI.co Awards
  • Best CFD Broker Asia 2019 - International Business Magazine
  • Best Forex CFD Provider 2019 - Online Personal Wealth Awards
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, commodities, bonds CFDs, Forex, Stocks, Commodities
Demo Account
Yes Yes
Minimum Deposit
$100 $50
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
FCA, CySEC, FSA, LFSA, SC FCA, CySEC, ASIC
Mobile Apps
Yes iOS and Android
iOS App Rating
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Android App Rating
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Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No Yes
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No Yes
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
Commodities
  • Gold
  • Natural Gas
  • Gold
  • Oil
  • Silver
  • Cannabis
CFD
Speculate on the price movement of 500+ instruments including forex, stocks, commodities and crypto with a low minimum deposit of $100. You can go long or short with leverage in line with regulatory requirements. You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions.
Leverage
1:500 1:30
FTSE Spread
0.9 1.18 pts var*
GBPUSD Spread<
0.3 0.5 pips*
Oil Spread
0.4 0.05 (var)*
Stocks Spread
N/A 0.2% Var*
Forex
Trade 60+ major, minor and exotic currency pairs, including GBP/USD, EUR/GBP, and ZAR/USD, with spreads as low as 0 pips and ultra-fast execution speeds. FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks.
Assets
62 40
GBPUSD Spread
0.3 0.5 pips var*
EURUSD Spread
0.1 0.2 pips var*
EURGBP Spread
0.4 0.5 pips var*
Currency Indices
  • JPY
Tickmill FXCM
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