OctaFXvs
TickmillForex Broker Comparison
OctaFX and Tickmill are compared on regulation, pricing, and platforms. The choice hinges on how each balances safety, costs, and toolsets.
Our Verdict
Tickmill winsby 0.3 pts
Tickmill edges OctaFX on overall editorial score, driven by stronger regulation and lower commissions. OctaFX remains competitive with its proprietary OctaTrader platform and social trading features.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Top-tier regulator: Tickmill is FCA regulated; OctaFX lacks FCA licensing.
- 2Instrument variety: Tickmill offers about 600 instruments vs OctaFX about 100.
- 3Proprietary platform: OctaFX provides OctaTrader; Tickmill relies on MT4/MT5.
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 0.60 pips for OctaFX, reducing trading costs.
Best for safety & regulation
Recommended
OctaFX vs Tickmill: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.8 / 5 | 4.4 / 5▲ |
OctaFX vs Tickmill Forex Broker Pros & Cons
Pros
OctaTrader copy trading platform, transparent stats, one-click follow
Localised payment methods for India, Pakistan, Indonesia
Swap-free Islamic accounts available
$25 minimum deposit, no inactivity fee
Client funds held in segregated accounts
OctaFX vs Tickmill: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
OctaFX
criteria win
5
Tickmill
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | OctaFX | Tickmill |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | 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 | Fail | Pass |
| Multilingual support | Pass | Pass |
OctaFX vs Tickmill: Frequently Asked Questions
The scores are close: OctaFX 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 OctaFX's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OctaFX has $25, while Tickmill requires at least $100. This makes OctaFX more accessible for traders with limited starting capital.
Tickmill holds top-tier regulation (FCA, FSCA, CySEC), providing stronger investor protections. OctaFX 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: OctaFX requires a lower minimum deposit ($25), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
OctaFX lists maximum leverage of 500:1, 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 OctaFX are not currently available. Check their website for up-to-date pricing.
OctaFX supports OctaTrader, MetaTrader 5, MetaTrader 4, while Tickmill supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. OctaFX has exclusive access to OctaTrader.
