IC Markets
Regulated in your country IC Markets is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Tickmill
Not regulated in your country Tickmill does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders IC Markets and Tickmill are best suited to, based on what each one actually offers in Australia.IC Markets is better than Tickmill for swing traders. Both are a good fit for professional traders, scalpers and news traders.
| Overall score | IC Markets 84 Best | Tickmill 78 -6 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise IC Markets and the ones that supervise Tickmill.Only IC Markets is regulated in Australia, by ASIC. Tickmill holds no licence in Australia and is regulated by CySEC and the FCA (United Kingdom).
| Section score | IC Markets 100 | Tickmill 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that IC Markets and Tickmill have in place to protect your money in Australia.Both IC Markets and Tickmill offer segregated client funds and two-factor authentication. Tickmill also offers additional money insurance.
| Section score | IC Markets 65 -9 | Tickmill 74 Best |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2015 |
| Parent company i | International Capital Markets Pty Ltd | Tickmill Group |
| CEO i | Andrew Budzinski | Sudhanshu Agarwal |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Eurobank | N/A |
| Brand power | ||
| Number of customers worldwide i | 1,350,000 | |
| Annual revenue i | ||
| Monthly website search traffic i | 2.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with IC Markets and with Tickmill in Australia, both on each trade and on holding the account.IC Markets is better than Tickmill for costs, given that IC Markets is cheaper on EUR/USD, at US$8 per lot (against Tickmill's US$11.5), has tighter gold CFD spreads, at 0.08 points (against Tickmill's 0.09 points), and charges lower Bitcoin CFD fees, at US$12.01 (against Tickmill's US$24.9). Neither IC Markets nor Tickmill charges account maintenance fees or deposit fees.
| Section score | IC Markets 64 Best | Tickmill 52 -12 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$7 | US$6 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$8 | US$11.5 |
| S&P 500 fees (CFD) i | 0.492 points | 0.39 points |
| Gold fees (CFD) i | 0.08 points | 0.09 points |
| Bitcoin fees (CFD) i | US$12.01 | US$24.9 |
| US stocks fees (CFD) i | US$0.02 | Free |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Spread |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with IC Markets and with Tickmill in Australia, and of how many instruments each one gives access to.There is little between IC Markets and Tickmill on available markets. Both IC Markets and Tickmill offer CFDs on commodities, crypto, forex, indices and stocks. IC Markets goes a step further, as it offers CFDs on ETFs, and gives access to 2,250 tradable symbols (against Tickmill's 180).
| Section score | IC Markets 75 | Tickmill 75 |
|---|---|---|
| Total tradable symbols i | 2,250 | 180 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that IC Markets and Tickmill make available to their clients in Australia.IC Markets is better than Tickmill for platforms, because IC Markets offers cTrader, copy trading and TradingView, which Tickmill does not. Both IC Markets and Tickmill offer MetaTrader 5 and MetaTrader 4.
| Section score | IC Markets 89 Best | Tickmill 62 -27 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of IC Markets and Tickmill in Australia, and of what each one lets you do from your phone.IC Markets is better than Tickmill for mobile trading, since IC Markets offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which Tickmill does not. IC Markets and Tickmill both offer a proprietary mobile app and a mobile watchlist.
| Section score | IC Markets 86 Best | Tickmill 67 -19 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that IC Markets and Tickmill allow on their platforms in Australia.IC Markets is better than Tickmill for trading features, since IC Markets executes orders faster, within 40 ms (against Tickmill's 150 ms), offers tier-1 liquidity providers, which Tickmill does not, and allows for high-frequency trading. IC Markets and Tickmill both offer negative balance protection and trailing stops. The leverage shown for Tickmill is set by its Seychelles entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
| Section score | IC Markets 87 Best | Tickmill 83 -4 |
|---|---|---|
| Trade execution | ||
| Broker type i | Hybrid | NDD |
| Average execution time i | 40 ms | 150 ms |
| Slippage occurrence i | ||
| Requotes occurrence i | 0% | 0% |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 1000:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 1000:1 |
| Major indices leverage i | 20:1 | 200:1 |
| Minor indices leverage i | 10:1 | 100:1 |
| Gold leverage i | 20:1 | 1000:1 |
| Commodities leverage i | 10:1 | 100:1 |
| Equities leverage i | 5:1 | 20:1 |
| Cryptocurrency leverage i | 2:1 | 200:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$0 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at IC Markets and at Tickmill in Australia, and of who each one is meant for.IC Markets and Tickmill are equally good for account types, as IC Markets offers a corporate account while Tickmill offers a managed account. IC Markets and Tickmill both offer a demo account and a professional traders account.
| Section score | IC Markets 74 | Tickmill 74 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with IC Markets and with Tickmill in Australia.IC Markets is better than Tickmill for account opening, because IC Markets offers 10 account base currencies (against Tickmill's 3), and supports 3 e-wallets (against Tickmill's 2). However, the minimum deposit is lower at Tickmill, at US$100 (against IC Markets' US$200). Tickmill holds no licence in Australia.
| Section score | IC Markets 85 Best | Tickmill 77 -8 |
|---|---|---|
| Minimum deposit i | US$200 | US$100 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF | EUR, GBP, USD |
| Deposit waiting time i | up to 5 business days | Instant |
| Withdrawal waiting time i | up to 5 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of IC Markets and Tickmill in Australia, in how it can be reached and how fast it answers.IC Markets is better than Tickmill for customer care, since IC Markets offers customer support in 17 languages (against Tickmill's 15), has a website in 17 languages (against Tickmill's 12), and offers a dedicated account manager, which Tickmill does not. Both IC Markets and Tickmill offer phone support and live chat.
| Section score | IC Markets 92 Best | Tickmill 67 -25 |
|---|---|---|
| Number of languages supported i | 17 | 15 |
| Website languages i | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese | Arabic, German, English, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese | Arabic, German, English, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that IC Markets and Tickmill provide to their clients in Australia.IC Markets and Tickmill are equally good for learning, as both offer education for advanced traders and webinars.
| Section score | IC Markets 100 | Tickmill 100 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
IC Markets vs Tickmill: which one should you choose?
IC Markets
CFD/FX Choose IC Markets if you want a CFD broker regulated in Australia by ASIC, with cTrader, TradingView and a wide choice of markets.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Tickmill
CFD/FX Choose Tickmill if you want an online CFD broker with Autochartist, API access and managed accounts and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include IC Markets or Tickmill, each scored with the same data and method as this page.
