Saxo Bank vs. Tickmill

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

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

Tickmill logo

Tickmill

Open account Read review

70% of retail CFD accounts lose money

BROKER COMPARISON

Saxo
Tickmill logo

Overall rating

4,9/5

4,2/5

Overall rating

4,9/5

4,2/5

Trading Platform & Tools

4.9

4.7

See details
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

4.7

4.5

See details
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

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

3.8

See details
Minimum deposit (in UAE) $5000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

3.0

See details
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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

3.5

See details
Email
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:  

  1. Saxo Bank is a leading online broker with premium services and social trading tools. 
  2. Tickmill is a leading MetaTrader-only broker popular with high-balance traders. 
  3. 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. 

Saxo Bank compared to other brokers:

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