Etoro vs Tickmill | Compare Pros, Cons and More for 2023

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eToro vs Tickmill: In a Nutshell

eToro

For over 15 years, eToro has been championing the art of social trading among forex traders. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro.

Etoro Overview

Etoro Overview
  • Founded In: 2007
  • Minimum Deposit: $50
  • Maximum Leverage: 30:1 EU, 50:1  USA
  • Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
  • Trading platform: eToro Trading Platforms
  • Account Types: Standard, Professional, Corporate
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money

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

eToro vs Tickmill: Pros and Cons

eToro

Pros
  • Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
  • Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
  • A large community of social traders
  • Trading tools like market sentiments, news feed, Trading Central analysis, etc.
  • Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
  • Real Stocks and ETFs are Available 
  • Negative Balance Protection
Cons
  • Traders pay withdrawal fees, inactivity fees, and conversion fees.
  • You have no other platform choice than the eToro platform.
  • You cannot automate your strategies via trading robots.
  • No multiple account types; you can only have a retail account or a professional account.
  • Margin trading is not available to U.S. users
  • No limit orders for stocks.
  • Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands

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

eToro vs Tickmill: Side-by-Side Comparison

eToro Vs Tickmill: Our Scores and Ratings

We rated both brokers, eToro 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.

eToro :

9.1
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
Trading Education (5%)9

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 :

eToro
Tickmill
Product
Founded In
Founded In
2007
2014
Founded By
Founded By
Yoni Assia
Ingmar Mattus
Headquarters
Headquarters
London, United Kingdom
London, England
Regulations
Regulations
CySec (Cyprus) , FCA (UK).
FCA, CySEC, FSA, FSA (Labuan), and FSCA.
Min Deposit
Min Deposit
$50
$100
Max Leverage
Max Leverage
30:1
1:500
Tradable Assets
Tradable Assets
Offer you over 5,000 instruments from a wide range of asset classes: Stocks, Indices, ETFs, Currencies, Commodities, Crypto
Forex , Stock Indices, Commodities,Bonds, Cryptocurrencies, Stocks
Fees
Fees
Spread from 2.0 pips
Spread from 0.0 pips
Platforms and Tools
Platforms and Tools
eToro trading platform
MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
US Traders
US Traders
Allowed
Not Allowed
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.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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