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Interactive Brokers vs. Tickmill

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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. 

Broker NameInteractive BrokersTickmill
Year Founded19782014
RegulationSEC (USA), FCA (UK)FCA, CySEC
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures,
CFD, Crypto, Warrants, Structured Products
CFDs, Forex
Min Deposit$0$100
Min Trade$0
PlatformsTraders Workstation (TWS)Web, Mobile, Desktop
DepositYou can open account without deposit$100
WithdrawalsFree of charge for the first withdrawal in calendar month$0

Top findings from the Interactive Brokers vs. Tickmill review:  

  1. Interactive Brokers is a leading provider of premium trading tools and platforms. 
  1. Tickmill is a MetaTrader-only broker with useful learning materials. 
  1. 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. 

Overall Rating

FeatureInteractive BrokersTickmill
Overall4.54
Commissions & Fees4.55
Offering of Investments53
Platforms & Tools4.53
Mobile Trading43
Research4.54
Education44
Trust Score9481
WinnerYES
66% of retail CFD accounts lose money76% of retail CFD accounts lose money

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. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

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.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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