Two regulated brokers face off on fees and platforms. The matchup tests cost efficiency against platform depth and investor protection.
Tickmill wins on editorial score, driven by stronger Fees & Spreads and regulatory coverage compared with NAGA.
Find out which broker best suits your trader profile.
Choose NAGA if…
Choose NAGA if you want a proprietary social trading platform with copy features. Be aware there is no raw spread option and an inactivity fee after 90 days.
Choose Tickmill if…
Choose Tickmill if you want raw spreads from 0 pips, low $6/lot commissions on Pro accounts, and phone support.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Tickmill offers tighter spreads from 0.00 pips vs 0.70 pips for NAGA, reducing trading costs.
| Editorial score | 4.0/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.4 / 5▲ |
Pros
BaFin and CySEC regulated, strong EU regulatory stack
NAGA Trader: purpose-built social trading with ranked auto-copy
950+ CFD instruments across multiple asset classes
MT5 available alongside proprietary platform
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | NAGA | Tickmill |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
The scores are close: NAGA rates 4/5 and Tickmill rates 4.3/5. Tickmill has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Tickmill starts from 0 pips, tighter than NAGA's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
NAGA has $50, while Tickmill requires at least $100. This makes NAGA more accessible for traders with limited starting capital.
Both NAGA and Tickmill hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: NAGA requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
NAGA lists maximum leverage of 400:1, 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 NAGA are not currently available. Check their website for up-to-date pricing.
NAGA supports MetaTrader 5, NAGA Trader, while Tickmill supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5. NAGA has exclusive access to NAGA Trader. Tickmill has exclusive access to MetaTrader 4.
Tickmill earns this for FCA oversight and broader regulatory coverage.
Tickmill suits active traders with low commissions and raw spreads.
Tickmill is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
NAGA wins platform choice with the proprietary NAGA Trader and MT5.
Fees & Spreads 30% weight | 3.8 / 5 | 4.5 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.1 / 5▲ |
|---|
| Founded | 2015 | 2014 |
|---|
| Headquarters | Hamburg, Germany | London, United Kingdom |
|---|
| Min Deposit | $50▼ lower | $100 |
|---|
| Spreads From | 0.7 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $6/lot |
|---|
| N/A | 0.6 pips |
| Max Leverage | 400:1▲ higher | 1,000:1 |
|---|
| Inactivity Fee | $10/month (after 90 days) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSCA BaFin CySEC | FCA FSCA CySEC |
|---|
| Platforms | MetaTrader 5 NAGA Trader | MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
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
Multilingual customer support
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
Inactivity fee triggers after just 90 days
Spreads not competitive with ECN brokers
Copy trading performance dependent on community quality
No raw spread account option
No phone support
Cons
No cTrader support
Limited asset classes compared to multi-asset peers
Not available to US residents
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
Personalised recommendation
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