Saxo Bank vs Tickmill Forex Broker Comparison
A head-to-head comparison of Saxo Bank and Tickmill across regulation, trading costs, platforms, and editorial scoring.
Danish-licensed bank with the deepest multi-asset coverage we cover, premium SaxoTraderGO/PRO platforms, and tiered pricing for active traders.
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
Saxo Bank winsby 0.4 pts
Saxo Bank edges ahead with a score of 4.7/5 vs Tickmill's 4.3/5. 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 0.6 pips for Saxo Bank, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for active traders
Recommended
Tickmill has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
Saxo Bank offers more exclusive platform options: Proprietary Web/Mobile, SaxoTraderGO, a proprietary platform.
Best for beginners
Recommended
Saxo Bank edges out Tickmill with a higher editorial score (4.7/5 vs 4.3/5), indicating a stronger overall experience for new traders.
Saxo Bank vs Tickmill: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.9 / 5▲ | 4.4 / 5 |
Fees & Spreads 30% weight | 4.4 / 5 | 4.5 / 5▲ |
Platforms & Tools 20% weight | 4.8 / 5▲ | 4.0 / 5 |
Customer Support 10% weight | 4.6 / 5▲ | 4.1 / 5 |
| Founded | 1992 | 2014 |
| Headquarters | Copenhagen, Denmark | London, United Kingdom |
| Min deposit | No minimum | $100 |
| Spreads from | 0.6 pips | 0 pips |
| Commission / lot | N/A | $6/lot |
| Max leverage | 30:1 | 1000:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC JFSA MAS SFC DFSA ACPR CNMV FINMA Finansinspektionen Finanstilsynet CMA FSC CBI KNF Finanstilsynet MFSA | FCA FSCA CySEC |
| Platforms | Proprietary Web/Mobile SaxoTraderGO | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Saxo Bank | Visit Tickmill |
Saxo Bank vs Tickmill Forex Broker Pros & Cons
Pros
Licensed bank (Denmark)
Best-in-class multi-asset platform
Tiered active-trader pricing
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
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
Higher minimums on classic accounts than ECN brokers
No MT4 / MT5
No raw spread account option
Inactivity fee applies
No MetaTrader support
No 24/5 live chat
Cons
No cTrader support
Limited asset classes compared to multi-asset peers
Not available to US residents
No proprietary platform
Saxo Bank vs Tickmill: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Saxo Bank
criteria win
4
Tickmill
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Saxo Bank | 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 | Fail | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Saxo Bank vs Tickmill: Frequently Asked Questions
Based on our independent editorial scoring, Saxo Bank ranks higher with a score of 4.7/5 vs 4.3/5 for Tickmill. The best choice still depends on your individual trading needs; Saxo Bank and Tickmill may each suit different trader profiles.
Tickmill offers tighter spreads starting from 0 pips, compared to Saxo Bank's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Saxo Bank has a lower minimum deposit of no minimum required, while Tickmill requires at least $100. This makes Saxo Bank more accessible for traders with limited starting capital.
Both Saxo Bank and Tickmill hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Saxo Bank has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Saxo Bank offers maximum leverage of 30:1, 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.
Saxo Bank supports Proprietary Web/Mobile, SaxoTraderGO and Tickmill offers MetaTrader 4, MetaTrader 5; Saxo Bank exclusively offers Proprietary Web/Mobile, SaxoTraderGO; Tickmill exclusively offers MetaTrader 4, MetaTrader 5.
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Score 4.3 / 5
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