Saxo Bankvs
TickmillForex Broker Comparison
Two brokers are compared on trust/regulation and platform breadth. Saxo Bank offers top-tier oversight and a deep multi-asset platform, while Tickmill emphasizes low fees and MT4/MT5 access.
Our Verdict
Saxo Bank winsby 0.4 pts
Saxo Bank edges Tickmill on overall score (4.7 vs 4.3) with stronger trust/regulation and a deeper multi-asset platform.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Saxo Bank offers a $0 minimum deposit.
- 2Saxo Bank provides a proprietary platform.
- 3Tickmill offers MT4/MT5 access.
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 Saxo Bank, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
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 |
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
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
The scores are close: Saxo Bank rates 4.7/5 and Tickmill rates 4.3/5. Saxo Bank 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 Saxo Bank's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Saxo Bank has no minimum deposit, 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. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Saxo Bank has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Saxo Bank lists maximum leverage of 30:1, 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 Saxo Bank are not currently available. Check their website for up-to-date pricing.
Saxo Bank supports Proprietary Web/Mobile, while Tickmill supports MetaTrader 5, MetaTrader 4. Saxo Bank has exclusive access to Proprietary Web/Mobile. Tickmill has exclusive access to MetaTrader 5 and MetaTrader 4.
