MIFX vs Tickmill Forex Broker Comparison
A head-to-head comparison of MIFX and Tickmill across regulation, trading costs, platforms, and editorial scoring.
One of Indonesia's longest-standing domestically-regulated brokers, holding both BAPPEBTI and OJK licences - the benchmark for local regulatory compliance.
VS
Among the lowest commissions available at $6 round-turn on Pro accounts, with strong FCA, CySEC, and FSCA regulation and transparent execution.
Our Verdict
Tickmill winsby 0.5 pts
Tickmill edges ahead with a score of 4.3/5 vs MIFX's 3.8/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 pips vs 1.5 pips for MIFX, reducing trading costs.
Best for safety & regulation
Recommended
Tickmill has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
MIFX offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Tickmill edges out MIFX with a higher editorial score (4.3/5 vs 3.8/5), indicating a stronger overall experience for new traders.
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▲ |
Fees & Spreads 30% weight | 3.9 / 5 | 4.5 / 5▲ |
Platforms & Tools 20% weight | 3.8 / 5 | 4.0 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 4.1 / 5▲ |
| Founded | 2003 | 2014 |
| Headquarters | Jakarta, Indonesia | London, United Kingdom |
| Min deposit | $30 | $100 |
| Spreads from | 1.5 pips | 0 pips |
| Commission / lot | N/A | $6/lot |
| Max leverage | 100:1 | 1000:1 |
| Withdrawal fee | Free | Free |
| Regulators | BAPPEBTI OJK | FCA FSCA CySEC |
| Platforms | MetaTrader 4 Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit MIFX | Visit Tickmill |
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
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Pros
Industry-low commission of $6 round-turn on Pro account
Strong FCA, CySEC, and FSCA regulatory coverage
No dealing desk on Pro and Raw accounts
Negative balance protection for retail clients
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Only available to Indonesian residents - no international clients
Limited asset classes compared to international brokers
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Cons
No cTrader support
Limited asset classes compared to multi-asset peers
Not available to US residents
No proprietary platform
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
Based on our independent editorial scoring, Tickmill ranks higher with a score of 4.3/5 vs 3.8/5 for MIFX. The best choice still depends on your individual trading needs; MIFX and Tickmill may each suit different trader profiles.
Tickmill offers tighter spreads starting from 0 pips, compared to MIFX's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
MIFX has a lower minimum deposit of $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. Always verify regulatory status with the broker directly before depositing funds.
For beginners: MIFX has a lower minimum deposit ($30), lowering the barrier to entry; Tickmill offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
MIFX offers maximum leverage of 100:1, while Tickmill offers up to 1000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Tickmill charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
MIFX supports MetaTrader 4, Proprietary Web/Mobile and Tickmill offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4; MIFX exclusively offers Proprietary Web/Mobile; Tickmill exclusively offers MetaTrader 5.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 3.8 / 5
More Broker Comparisons
More MIFX comparisons
More Tickmill comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker