Eightcap vs Tickmill | Compare Pros, Cons and More for 2024

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Ryan Hardy sitting before his forex trading desk
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Eightcap and Tickmill are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Eightcap is regulated by three tier-1 jurisdictions and one tier-4 jurisdictions including ASIC, FCA, CySEC, SCB. On the other hand, Tickmill is regulated in two tier-1 jurisdictions, one tier-2 jurisdiction, one tier-3 jurisdiction and one tier-4 jurisdiction including FCA , CySEC , FSA-S ,FSA (Labuan) and FSCA.  These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast Eightcap with Tickmill regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Eightcap is better than Tickmill and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

Eightcap vs Tickmill: In a Nutshell

Eightcap

EightCap was registered in Melbourne, Australia in 2009. The broker allows the trading of over 800 forex and CFDs on its platforms which include MT4, MT4, and TradingView. Traders are provided with tools like free VPS, Crypto Crusher, Capitalise.ai, FlashTrader, Trade Idea, outlook, etc.

Eightcap Overview
  • Founded In: 2009
  • Minimum Deposit: $100
  • Maximum Leverage: 1:1000
  • Regulations: ASIC,FCA, CySEC, SCB
  • Trading platform: MT4, MT5, TradingView, Webtrader
  • Account Types: Standard, Raw, Tradingview
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY
  • US Traders: Not Accept

Tickmill

Tickmill is a global broker that boasts 668,000 registered accounts from over 200 countries. Founded in 2014, the broker enables the trading of over 500 forex and CFD instruments on its MetaTrader platforms. Autochartist, Daily market outlook, signal center tools, advanced trading toolkit, etc are some of the tools provided for traders.

Tickmill Overview
  • Founded In: 2014
  • Minimum Deposit: $100
  • Maximum Leverage: 1:500
  • Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
  • Trading platform:MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
  • Account Types: Classic, Pro, VIP, Demo, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
  • US Traders: Not Accept

Eightcap vs Tickmill: Pros and Cons

Eightcap

Pros
  • Regulated by ASIC, FCA, VFSA 
  • The Maximum Leverage is as high as 1:500
  • Offers passive investment programme(MAM, PAMM accounts) 
  • No Deposit/Withdrawal Fees
  • Easy To Open An Account
  • Scalping and EA Trading are allowed 
  • 100+ Crypto CFDs available
Cons
  • Minimum deposit is $100
  • No Investor Protection for non-EU Clients
  • The Broker is not regulated by FCA UK 
  • Conditions and trading costs vary according to the entity
  • Hedging is not allowed with the ASIC entity
  • No joint accounts, copy trading, referral program, or other options for passive income

Tickmill

Pros
  • Regulated by FCA, CySEC, FSA, FSA-S, FSCA etc 
  • The Maximum Leverage is as high as 1:500
  • Spread starts as low as 0.0 Pips 
  • Fast and Easy Account Opening 
  • Allows scalping, EA/Robot trading, news trading
  • Offers MAM account for passive investors 
  • No fees for Deposit and Withdrawal
Cons
  • You can not deposit less than $100. 
  • Does not offer popular trading platforms like MT5, cTrader, Tradingview etc
  • No Proprietary Trading Platform Offered
  • PAMM Account is not offered 
  • No cent account for beginners 
  • The minimum deposit of a VIP account is $50000

Eightcap vs Tickmill: Side-by-Side Comparison

Eightcap
Tickmill
Product
Founded In
Founded In
2009
2014
Founded By
Founded By
Alex Howard
Ingmar Mattus
Headquarters
Headquarters
Melbourne, Australia
London, England
Regulations
Regulations
ASIC,FCA, CySEC, SCB
FCA, CySEC, FSA, FSA (Labuan), and FSCA.
Min Deposit
Min Deposit
$100
$100
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
Forex,Commodities,Indices,Shares,Crypto
Forex , Stock Indices, Commodities,Bonds, Cryptocurrencies, Stocks
Fees
Fees
Spread from 1 pips or $3.5 per standard lot traded
Spread from 0.0 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, TradingView, Webtrade
MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
US Traders
US Traders
Not Allowed
Not Allowed

EightcapVs Tickmill: Our Scores and Ratings

We rated both brokers, Eightcap and Tickmill, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

Eightcap :

9
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9
Trading (15%)8.5
Trading tools (10%)8.6
Customer Support (10%)9
Trading Education (5%)7.2

Tickmill

8.9
Total Score
Regulation and Security (40%)9.5
Fees and Commissions (20%)9
Trading (15%)7.6
Trading tools (10%)8.4
Customer Support (10%)9
Trading Education (5%)9.2

Final Verdict :

Eightcap and Tickmill are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for Eightcap is $100, whereas the minimum deposit for Tickmill is $100. Additionally, the maximum leverage for the Eightcap is 500:1. On the other hand, the maximum leverage for Tickmill is 500:1. 

Our score for Eightcap is 9, and for Tickmill, it is 8.9 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose Eightcap. However, If you prefer another broker with similar services, you may choose  Tickmill.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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