MIFXvs
TickmillForex Broker Comparison
Two brokers contrast domestic versus international regulation, pricing, and platform options. The matchup tests trust, cost and execution across different regulatory and market footprints.
Our Verdict
Tickmill winsby 0.5 pts
Tickmill edges out MIFX on editorial score thanks to stronger regulation and lower costs.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Top-tier regulation: Tickmill holds FCA/CySEC/FSCA; MIFX remains domestic.
- 2Commission model: Tickmill charges $6/lot; MIFX has no commission.
- 3Instruments: Tickmill offers 600; MIFX offers 65.
Who should choose MIFX vs Tickmill?
Find out which broker best suits your trader profile.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Tickmill offers tighter spreads from 0.00 pips vs 1.50 pips for MIFX, reducing trading costs.
Best for safety & regulation
Recommended
MIFX vs Tickmill: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.8/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.4 / 5▲ |
MIFX vs Tickmill Forex Broker Pros & Cons
Pros
Over 20 years of operation as an Indonesian-licensed broker
Holds both BAPPEBTI and OJK licences, full domestic regulatory compliance
Supports local Indonesian bank transfers for deposits and withdrawals
IDR account denomination avoids currency conversion costs
Client funds held in segregated accounts
MIFX vs Tickmill: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
MIFX
criteria win
5
Tickmill
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | MIFX | Tickmill |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Pass |
MIFX vs Tickmill: Frequently Asked Questions
Tickmill rates 4.3/5 versus 3.8/5 for MIFX. Tickmill edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Tickmill starts from 0 pips, tighter than MIFX's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
MIFX has $30, while Tickmill requires at least $100. This makes MIFX more accessible for traders with limited starting capital.
Tickmill holds top-tier regulation (FCA, FSCA, CySEC), providing stronger investor protections. MIFX may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: MIFX requires a lower minimum deposit ($30), lowering the barrier to entry, and Tickmill provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
MIFX lists maximum leverage of 100:1, while Tickmill lists up to 1000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Tickmill charges $6 per lot on commission-based accounts. Commission details for MIFX are not currently available. Check their website for up-to-date pricing.
MIFX supports Proprietary Web/Mobile, MetaTrader 4, while Tickmill supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. MIFX has exclusive access to Proprietary Web/Mobile. Tickmill has exclusive access to MetaTrader 5.
