Tickmill vs Interactive Broker Compared (2024)

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Written by
Ryan Hardy sitting before his forex trading desk
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Tickmill and Interactive Brokers are online forex brokers that offer their trading services to traders and investors. Tickmill is a regulated and trusted forex broker. It is regulated by multiple regulatory authorities including FCA, DFSA, FSCA,CySEC, FSA- Labuan, FSA-S. Similarly, Interactive Brokers is also a regulated broker which is regulated by SEC, CFTC, FCA, FSCS, FINRA, FCM,  IIROC, MAS, FSA. Both the brokers have their own strengths and weaknesses.  

In this article, we will review and compare the brokerage services offered by Tickmill and Interactive Brokers. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.

Tickmill vs Interactive Broker: In a Nutshell

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

Interactive Broker

Founded in New York, USA in 1978 by Thomas Peterffy, Interactive Brokers has grown into a global brand with over 2.1 million clients. It is an American Multinational brokerage firm headquartered in Greenwich, Connecticut.  It has become one of the leading online trading solutions for traders, investors, and advisors. The brokers give access to over 5000+ tradable assets including forex, CFDs, warrants, ETFs Options, Futures, Mutual Funds, and Bonds. To trade online, IBKR offers WebTrader, FIX API, MobileTrader (MobileApp), and TWS trading platforms. To learn more about IBKR, you can read our review of Interactive Brokers

Interactive Brokers Overview

Interactive Brokers Overview
  • Founded In: 1978
  • Founder: Chairman Thomas Peterffy
  • Headquarters: Greenwich, Connecticut, United States
  • Minimum Deposit: None
  • Maximum Leverage: 500:1
  • Regulations: SEC , CFTC ,FCA, FSCS, ASIC , IIROC , FSA
  • Trading platform: WebTrader, FIX API, MobileTrader
  • Account Types: Family Office Account ,UGMA/UTMA, IRA, Trust ,Joint, Individuals
  • Payment Options: Bank Wire (BankTransfer/SWIFT), ACH (Automated Clearing House), BPAY, Check, Direct Debit, Local Bank Deposits, Transfer from Existing Broker
  • US Traders:  Accepted 

Tickmill vs Interactive Brokers: Features

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

Interactive Brokers

  • Trading Instruments: 5000+Trading instruments including forex, CFDs, warrants, ETFs Options, Futures, Mutual Funds, stocks, options, and Bonds
  • Maximum leverage: 50:1  for US Clients, 30:1  for EU clients, and 400:1 for global clients. 
  • Minimum Deposit: The Interactive Brokers minimum deposit is $0 for a cash account, $2,000 for a T Reg margin account, and $110,000 for a portfolio margin account. The minimum deposit is subject to change depending on the trading account opened and the base currency selected.
  • Trading Fees: spreads starting from as low as 0.1 pips, Stock fees USD 0.005 per share. 
  • PAMM/ MAM:  Not Available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed with Capitalise.ai

Tickmill vs Interactive Brokers: Pros and Cons

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

Interactive Broker

Pros
  • IBK is a Forex and Stock Broker 
  • Excellent reputation (founded in 1978)
  • Regulated by top regulators like  ASIC, FCA, FSA, SFC, IIROC 
  • A wide range of products offered warrants, ETFs, Options, Futures, Mutual Funds, Bonds 
  • Over 18,000 no-transaction-fee mutual funds.
  • No monthly inactivity fee
  • Low trading fees and high interest (up to 4.58% for USD) on cash balances
  • Access to international markets and exchanges 
  • Mobile apps are convenient for individual investors.
Cons
  • Complicated account opening 
  • Learning Curve for Beginners
  • The maximum leverage is only 1:40 
  •  No Metatrader platforms (MT4, MT5) offered 
  • High minimum deposit requirements for some account types 
  • Interactive Advisors (Robo-advisor feature) is only available for US customers
  • No fixed spread is available 

Tickmill vs Interactive Broker: Side-by-Side Comparison

Tickmill
Interactive Broker
Product
Product
Tickmill
Interactive Broker
Founded In
Founded In
2014
1978
Founded By
Founded By
Ingmar Mattus
Chairman Thomas Peterffy
Headquarters
Headquarters
London, England
Greenwich, Connecticut, United States
Regulations
Regulations
FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S
SEC, CFTC, FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA
Min Deposit
Min Deposit
$100
None
Max Leverage
Max Leverage
1:1000
1:500
Tradable Assets
Tradable Assets
Forex, stock, indices, commodities, bonds, cryptocurrencies, Futures & options
Stocks, options, futures, currencies, bonds, and funds
Fees
Fees
Spread starting from 1.6 pips or commission $3
Spread starting from 1 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, WebTrader Platform, MetaTrader for Mac , Mobile App
WebTrader, FIX API, MobileTrader
US Traders
US Traders
Not Allowed
Allowed

Tickmill Vs Interactive Broker: Our Scores and Ratings

We rated both brokers, Tickmill and Interactive Broker, 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.

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

Interactive Broker

9.1
Interactive Brokers 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

Final Verdict :

Both Tickmill and Interactive Brokers are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. Tickmill is a multi-asset and social trading platform, providing trading instruments, including forex,stock, indices,commodities,bonds,cryptocurrencies,stocks. It offers both leverage and non-leverage tradable assets. On the other hand, Interactive Brokers is a forex and CFD broker offers Stocks, options, futures, futures options, SSFs, ETFs, EFPs, currencies, fixed income, warrants and funds.

Our score for Tickmill is 8.9, and for Interactive Brokers, it is 9.1 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose Tickmill. However, if you prefer online forex and CFD brokers, you may choose Interactive Brokers.

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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