This contrast guide helps individuals who struggle to pick between OANDA and Tickmill to find the best online broker for their trading and investment demands. It evaluates the main features of both brokers side-by-side to help users compare their service and make an educated choice.
To aid customers select the appropriate broker between OANDA and Tickmill to find the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their primary trading features, including trading platforms & devices, fees, mobile trading, deposit & withdrawal, assets, regulation, and consumer support.
OANDA vs. Tickmill: Summary
OANDA is a reputable forex and CFD broker founded in 1996. It is regulated by seven tier-one regulators. [Note: This comparison is based on OANDA Corporation (US division), regulated by the CFTC and NFA. OANDA has multiple divisions with different regulatory bodies and conditions. Please refer to OANDA’s official resources for division-specific details at OANDA Divisions.] Their users have access to approximately 76 tradable instruments, including 68 forex pairs and 8 cryptos via Paxos. [Note: Instrument availability may vary by division.] Traders can choose between a proprietary platform (web and desktop version), MT4. Their trading platform has an intuitive design, offers automated trade execution, and multiple features for algorithmic trading. Market research features are powered by TradingView.
OANDA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of approximately 1.4 pips on EUR/USD for their standard account in OANDA Corporation (US division). [Note: Spreads may vary depending on market conditions, division, and account type, including different spreads for standard and premium accounts like Core Spread accounts.]
OANDA’s customer service in OANDA Corporation (US division) is available by email, live chat (chatbot), and phone, with initial filtering by a chatbot before connecting to an agent. [Note: Customer service availability and processes may vary by division.]
Tickmill is a reputable multi-asset broker founded in 2014. It is regulated by two tier-one regulators (the FCA and MiFIDI) and is considered safe. The broker offers access to 700+ trading instruments including CFD on forex, cryptos, commodities and bonds.
Although Tockmill has an professional grade proprietary platform, they offer access to third party platforms and plugins including MetaTrader (MT4 and MT5), CQG platforms for options trading and TradingView charting addons. Education, research and market coverage are industry average.
Tickmill offers the lowest pricing in the industry for active traders. Their pricing on Classic accounts is industry average.
Pros
- Regulated by six top-tier authorities globally, ensuring high compliance standards.
- Offers 68 forex pairs and 8 cryptos in OANDA Corporation (US division).
- No minimum deposit required, accessible for all traders.
- Provides robust research tools with daily market updates.
- Supports automated trading via APIs and MetaTrader 4.
[Note: Offerings and benefits may vary by division.]
Cons
- Standard account spreads (e.g., 1.4 pips EUR/USD) are above industry average.
- Customer service response times can be slower than expected.
- Limited product range beyond forex and cryptos in OANDA Corporation (US division).
- Withdrawal fees apply for bank transfers (e.g., $20 in US division).
- No MetaTrader 5 access in OANDA Corporation (US division).
[Note: Drawbacks may vary by division.]
Pros
- Low minimum deposit ($100)
- Low average spreads from 0.54 pips EUR/USD
- Compatibility with MetaTrader 4, 5 and TradingView
- Free $30 no deposit bonus for beginners
- Futures and options trading via CQG trading platform
Cons
- Only offers CFDs
- No Islamic swap-free accounts available
Key features
- OANDA Trade platform with TradingView charts for advanced analysis.
- Mobile app supports trading with real-time data and alerts.
- Educational resources include webinars, tutorials, and articles.
- Negative balance protection offered in certain divisions (e.g., EU).
- Core Pricing accounts (minimum $10,000) offer lower spreads with commission.
[Note: Features and availability differ by region.]
Key features
- Wide range of CFDs markets
- Advanced TradingView charting add-ons
- Real-time market sentiment data directly from the Dow Jones news feed
- Free access to Tickmill VPS and Autochartist
- Low average spread (0.54 pips EUR/USD)
OANDA vs. Tickmill Comparison
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OANDA
Tickmill
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:50 | 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 | $20 + Fee | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after 12 months | 0 |
| Cost Per Trade | 0 | Futures $0.85 per contract |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.3 | 0 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 31 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | $1.30 per contract |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 240 |
| Futures | 0 | 800 |
| Bonds | 0 | 0 |
| Forex Instruments | 68 | 62 |
| CFD Indices & Funds | 12 | 26 |
| CFD Stocks | 0 | 0 |
| CFD Commodities | 35 | 3 |
| CFD Crypto | 0 | 8 |
| CFD Bonds | 3 | 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
OANDA vs. Tickmill Comparison Conclusion
The results of our comparison of OANDA vs. Tickmill are wrapped up in the table below.
| Broker: | Best For: |
| OANDA | Forex and CFDs |
| Tickmill | CFD trading; High volume traders |
Selecting the appropriate option between OANDA and Tickmill can be hard. Both online brokers have resemblances however differ regarding trading instruments, systems & apps, policy, down payment & withdrawals, and study and education. Choosing the very best broker relies on customers’ trading & investment goals, private preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.