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
Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation.
Eightcap Overview
- Founded Year: 2009
- Founder: Joel Murphy
- Headquarters: The Rialto, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations: ASIC, FCA, CySEC, SCB, and FSASVG
- 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 Clients: Not Accepted
Tickmill
Co-founded by Ingmar Mattus, Illimar Mattus, and Nikolai Nikolajenko in 2014, Tickmill is a forex and CFD broker that offers online trading services to traders and investors worldwide. The current CEO of Tickmill is Sudhanshu Agarwal. The company has offices in the UK, Cyprus, South Africa, Seychelles, and Malaysia. Tickmill offers trading services in forex, stock indices, commodities, cryptocurrencies, bonds, and stocks. The company provides its services to both institutions and individual clients worldwide. Tickmill is regulated by top regulatory authorities including FCA, CySEC, FSA, FSA (Labuan), and FSCA. The broker offers a wide range of trading platforms and tools including MT4, MT5, WebTrader, an economic calendar, VPS, Capitalise.ai, a forex calculator, and more. To learn more, you can read our review on Tickmill.
Tickmill Overview
- Founded In: 2014
- Founder: Ingmar Mattus
- Headquarters: London, England
- 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: Features
Eightcap:
- Trading Instruments: 1000+ including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.
- Minimum Deposit: $100 or Equivalent
- Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account
- Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Tickmill:
- Trading Instruments: A wide range of trading instruments including Forex, Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
- Maximum leverage: The maximum default leverage is 500:1. However in some countries or tradable assets the broker offers 1000:1 leverage.
- Minimum Deposit: $100 or equivalent for all account types.
- Minimum Withdrawal: $25 or equivalent.
- Trading Fees: Spreads start from 1.6 pips for the Classic Account (no commission). The Raw Account has a spread of 0.0 pips with a commission of $3 per lot per side.
- Account Type: Two ( Classic Account, Raw Account)
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot: Allowed
Eightcap vs Tickmill: Pros and Cons
Eightcap
- 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
- 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
- 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
- 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
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 :
Tickmill
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.
