Forex traders always look for trading with brokers that suit their trading needs and preferences. Tickmill and OspreyFX are online forex brokers that offer their trading services to traders and investors. Tickmill is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions, one tier-2 jurisdiction, one tier-3 jurisdiction, and one tier-4 jurisdiction. Â On the other hand, OspreyFX is an offshore forex broker which is not regulated by any regulatory bodies.Â
In this article, we will review and compare the brokerage services offered by Tickmill and OspreyFX. 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:
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
OspreyFX:
Founded in 2018, OspreyFX is a regulated forex broker headquartered in Saint Vincent and the Grenadines. It operates as an offshore forex broker, offering leverage as high as 500:1. OspreyFX supports all trading styles; including scalping, hedging, news trading, copy trading, and algorithmic trading. Currently, it uses TradeLocker as its trading platform. The broker provides a wide range of trading instruments, such as forex, Indices CFDs, Metal CFDs, Commodities CFDs, Cryptos CFDs, and Share CFDs (US and EU). Being an offshore forex broker it can onboard clients from anywhere in the world, including the USA. However, the broker only accepts crypto deposits and withdrawals.
OspreyFX Overview
- Founded In: 2019
- Trading Instruments: 120+ including Forex, Crypto, Stocks, Indices, Commodities
- Minimum Deposit: between $25 and $500 (Depending on Account Type)
- Maximum Leverage: 1:500
- Regulations: None
- Trading Fees: Starting from 0.1 Pips
- Deposit and Withdrawal Fees: $0
- Trading platform: TradeLocker
- Account Types: 4 account types such as Standard ECN, Pro ECN, VAR, Mini
- Payment Options: Bitcoin, Crypto, Credit/Debit Cards, and PayRedeem
- US Traders: Accepted
Tickmill vs OspreyFX: Key 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
OspreyFX:
- Trading Instruments: 120+ trading instruments including Forex (Major, Exotics, Crosses), Indices, Metals, Commodities, Cryptos, Shares (US, EU)
- Maximum leverage: 500:1
- Minimum Deposit: $10
- Account Types: 3 (Standard, Pro, Var)
- Trading Fees: Spread starting from 0.4 pips or commission from $1 to $8
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Tickmill vs OspreyFX: Pros and Cons
Tickmill Pros & Cons
- 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
OspreyFX Pros & Cons
- The Maximum Leverage is as high as 1:500
- ECN STP broker model
- Faster Trade Execution with Tradelocker
- Offers Multiple Account Types including, Demo accounts and Live Accounts
- Rebates and Rewards are Available for Live Trading Accounts
- Accounts can be funded with multiple crypto coins such as BTC, ETH, LTC, USDT, DOGE, etc.
- Professional traders who can prove their competence may receive funded accounts up to $200,000 and earn up to 80% of their profits.
- Unregulated Offshore Forex Broker
- No Metatrader (MT4, MT5) Trading Platfroms.
- Offers Only Tradelocker Trading Platform
- Limited Deposit and Withdrawal Methods (Cryptos, PayRedeem)
- No managed accounts or Social Trading (MAM, PAMM) Offered
- Live chat is a bit complex. To contact the chat operator, you need to first answer a series of questions from the virtual bot each time.
Tickmill vs OspreyFX: Side-by-Side Comparison
Tickmill Vs OspreyFX: Our Scores and Ratings
We rated both brokers, Tickmill and OspreyFX, 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:
OspreyFX:
Final Verdict:
Both Tickmill and OspreyFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Tickmill is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA , CySEC, FSA-S, FSA(Labuan) and FSCA. On the other hand, OspreyFX is an unregulated offshore forex broker. Tickmill provides Multiple trading platforms including MT4, MT5. On the Contrary, OspreyFX does not offer MT4/MT5. It uses only TradeLocker as its trading platform.
As Tickmill is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, OspreyFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for Tickmill , while US traders looking for offshore forex brokers may consider OspreyFX. Trading with offshore forex brokers is risky and not recommended.
