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

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FBS 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. FBS is regulated by two tier-1 jurisdictions and one tier-4 jurisdictions, including ASIC , FSC , CySEC. 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 FBS with Tickmill regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FBS is better than Tickmill and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

FBS vs Tickmill: In a Nutshell

FBS

Established in 2009, FBS is one of the leading forex and CFD brokers, offering online trading services worldwide. It is a global brand with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. FBS provides opportunities for trading forex, stocks, metals, energies, and indices. It has about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes. FBS is one of the highest leverage forex brokers, with leverage up to 1:3000 for its global clients. 

FBS Overview

FBS Overview
  • Founded In: 2009
  • Founder:  Satthakarn Chuenkomol
  • Headquarters: Belize City, Belize
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations: ASIC, FSC, CySEC  
  • Trading platform: MT4, MT5, Webtrader
  • Account Types: Standard, Cent, Pro
  • Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
  • US Traders: 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

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

FBS vs Tickmill: Features

FBS:

  • Trading Instruments: Forex, Stock, Indices, Crypto, Metals, Energies, Forex Exotic.
  • Maximum leverage: 1:3000
  • Minimum Deposit: $5
  • Account Types: Three ( Standard, Cent, Pro) 
  • Trading Fees: Spread starting from 1 pip for Standard Account and Cent Account
  • PAMM/ MAM: Not 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

FBS vs Tickmill: Pros and Cons

FBS

Pros
  • Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
  • The Maximum Leverage is as high as 1:3000
  • The Minimum deposit is $5 
  • Trading is on the MT4, MT5, and FBS trader platforms.
  • There is an account type to suit newbies, experienced, and pro traders.
  • Low spreads, high leverage, and fast order executions
  • Easy and fast account opening
  • Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
Cons
  • Tradable assets are not much, especially when compared to other top brokers.
  • Daily Market news and analysis on FBS.eu are not regularly updated.
  • No premium trading tools to assist traders.
  • No investor protection for non-EU Clients 
  • Managed Accounts & Social Trading is unavailable 
  • Few Account Base Currencies

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

FBS vs Tickmill: Side-by-Side Comparison

FBS
Tickmill
Product
Product
FBS
Tickmill
Founded In
Founded In
2009
2014
Founded By
Founded By
Satthakarn Chuenkomol
Ingmar Mattus
Headquarters
Headquarters
Belize city, Belize
London, England
Regulations
Regulations
FSC, Cysec, ASIC
FCA, CySEC, FSA, FSA (Labuan), and FSCA.
Min Deposit
Min Deposit
5$ ($5 for global Clients, $10 for EU Clients)
$100
Max Leverage
Max Leverage
1:3000
1:500
Tradable Assets
Tradable Assets
Forex, stocks, indices, metals, and energies.
Forex , Stock Indices, Commodities,Bonds, Cryptocurrencies, Stocks
Fees
Fees
Spread from 0.7 pips
Spread from 0.0 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, Webtrader, Meta Tader Multiterminal, VPS, Economic Calendar
MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
US Traders
US Traders
Not Allowed
Not Allowed

FBS Vs Tickmill: Our Scores and Ratings

We rated both brokers, FBS 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.

FBS :

8.8
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.4
Trading (15%)8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9.5

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 :

FBS 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 FBS is $5, whereas the minimum deposit for Tickmill is $100. Additionally, the maximum leverage for the FBS is 3000:1. On the other hand, the maximum leverage for Tickmill is 500:1. O

ur score for FBS is 8.8, and for Tickmill, it is 8.9 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose FBS. 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.

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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