Tickmill vs XM Comparison
Compare trading conditions, commissions and platforms of Forex brokers Tickmill and XM. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Tickmill or XM?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
Tickmill
- Minimum deposit · USD
- 100 USD
- Different platforms
- TradingView
- Different markets
- ETF
- Bonds
- Cent account
- No
XM
- Minimum deposit · USD
- 5 USD
- Different platforms
- WebTrader
- Different markets
- None listed
- Cent account
- Yes
Comparison Table of Tickmill and XM
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| Broker | Tickmill | XM |
|---|---|---|
| Foundation Year | 2014 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, South Africa, Seychelles | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
Tickmill Review
Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.
The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.
Pros and Cons of Tickmill
Pros
- Low trading fees.
- Variety of trading platforms.
- Extensive library of educational materials and analytical tools.
Cons
- Not enough different types of trading accounts.
Tickmill is in the top 10 of the following ratings:
XM Review
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
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| Broker | Tickmill | XM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2014 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, South Africa, Seychelles | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles |
| Regulators |
Tickmill
Tickmill's reliability is confirmed by its regulation by leading international organizations and licensing by the relevant governmental bodies.
XM
XM is a reliable and well-regulated broker with licenses in key jurisdictions. Segregated accounts, negative balance protection, and a compensation fund make it a safe choice for traders.
Pros
- Licenses from ASIC, CySEC, DFSA, and other regulators
- Segregation of client funds
- Negative balance protection and compensation scheme
Account Opening
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| Broker | Tickmill | XM |
|---|---|---|
| Account Opening | 4.3/5 | 5/5 |
| Minimum Deposit |
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Tickmill
Opening an account with Tickmill is a straightforward and relatively quick process, but it does require document verification.
Pros
- Ease of understanding the process.
- Detailed instructions at each step.
Cons
- The verification process can take up to 24 business hours.
- The minimum deposit of $100 may be high for beginners.
XM
Opening an account with XM is fast and convenient: registration takes only a few minutes, the interface is intuitive, and document requirements are standard.
Pros
- Fast online registration
- Clear and straightforward KYC process
- Ability to open demo and additional accounts
Account Types
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| Broker | Tickmill | XM |
|---|---|---|
| Account Types | 4/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
Tickmill
Tickmill offers a flexible selection of accounts, satisfying different categories of traders. However, the absence of certain types of accounts may limit options.
Pros
- The presence of an Islamic account that adheres to Sharia principles.
- Availability of a free demo account.
- The ability to copy trades of successful traders.
Cons
- Lack of cent accounts.
- Fixed spread accounts are not offered.
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels
- Flexible trading conditions (leverage, deposit)
- Specialized accounts for stock trading
Cons
- No ECN or STP accounts
Commissions
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| Broker | Tickmill | XM |
|---|---|---|
| Commissions | 3.5/5 | 4/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.6 | 1.7 |
| Commission | per 1 lot$3.00 | No data |
Tickmill
Tickmill offers competitive conditions with average commissions, which is pleasantly surprising with the absence of fees for deposits and withdrawals.
XM
XM’s fees can be considered competitive: the Ultra Low account offers reduced spreads, while the absence of deposit and withdrawal fees lowers overall costs. With active trading, the conditions are attractive.
Pros
- Reduced spreads on the Ultra Low account
- No deposit or withdrawal fees
- Ability to lower costs through rebates
Cons
- Above-average spreads on the Standard account
- Inactivity fee applies
Deposit and Withdrawal
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| Broker | Tickmill | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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Tickmill
Tickmill provides a wide choice of deposit and withdrawal methods without charging fees, ensuring high-speed processing of transactions.
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals
- A minimum limit of only 5 dollars
- Quick processing of withdrawal requests
Cons
- No cryptocurrency deposit/withdrawal options
Markets and Products
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| Broker | Tickmill | XM |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 62 | 55 |
| Precious Metals | 4 | 3 |
| Energy Carriers | 2 | 3 |
| Soft Commodities | 2 | 8 |
| Indices | 23 | 50 |
| Stocks | 489 | 1307 |
| ETF | 23 | - |
| Bonds | 4 | - |
| Cryptocurrency | 9 | 58 |
Tickmill
Tickmill offers diverse trading assets, including currency pairs, stock indices, commodities, bonds, and cryptocurrencies.
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs
- Access to CFDs on various assets
- The ability to trade cryptocurrencies
Trading Platforms
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| Broker | Tickmill | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Trading Platforms |
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Tickmill
Tickmill offers proven MT4 and MT5 terminals, its mobile app, integration with TradingView, and an innovative platform for automatic trade copying - Pelican Trading.
Pros
- Reliable and functional MetaTrader 4 and 5 platforms and integration with TradingView.
- Mobile app for trading on the go.
- An interesting solution for automatic trade copying with Pelican Trading.
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile)
- MultiTerminal for managing multiple accounts
- WebTrader for browser-based trading
Cons
- No alternatives to MetaTrader
Analytics
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| Broker | Tickmill | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
Tickmill
Tickmill offers extensive analytical tools, including regular reviews, Autochartist, and the Signal Centre tool.
Pros
- Daily fundamental and technical analytical reviews.
- Useful analysis tools such as Autochartist and Signal Centre.
- Market sentiment information and handy Forex calculators.
XM
XM’s analytics are well structured and deeply integrated into the platform. Trading Central, market sentiment tools, calendars, and calculators make them useful for both active trading and careful pre-trade analysis.
Pros
- Trading Central integration and XM in-house analysis
- Economic calendar, corporate events, and calculators
- Clear market sentiment tools
Education
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| Broker | Tickmill | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
Tickmill
Tickmill provides a comprehensive package of educational materials, including webinars, seminars, eBooks, video tutorials, and a blog.
Pros
- A wide variety of learning formats to suit different trader preferences.
- Periodic webinars and seminars with experts for in-depth understanding of trading.
- Regularly updated analytical and educational materials in the blog.
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars
- Available in different languages
- Daily online sessions with experts
Customer Support
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| Broker | Tickmill | XM |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
Tickmill
Tickmill's technical support is high quality, available through various channels, and provides timely responses.
Pros
- Email inquiries responded to within 24 hours.
- Professionalism and competence of staff.
Cons
- Support is not available 24/7.
- Can only call an international phone number.
- Messengers are not among the communication channels.
XM
XM’s customer support operates reliably 24/7, offering multiple contact channels and multilingual assistance. Most issues are resolved quickly and professionally, which supports the broker’s high service rating.
Pros
- 24/7 support via chat, email, phone, and messengers
- Multilingual assistance
- Strong knowledge of products and procedures
Comparisons of Tickmill and XM with other brokers
Conclusion
When choosing between Tickmill and XM, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: Tickmill or XM?
Tickmill ranks higher than XM in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: Tickmill or XM?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Tickmill or XM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Tickmill and XM?
Tickmill: MetaTrader 4, MetaTrader 5, TradingView. XM: MetaTrader 5, MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with Tickmill and XM?
Tickmill: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. XM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Tickmill and XM?
Tickmill: Classic, Raw. XM: Standard, Micro, XM Ultra Low, Shares. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Tickmill and XM?
Tickmill: Neteller, Skrill, PayPal, WebMoney, Bank Transfer, Visa, Mastercard. XM: Neteller, Skrill, SticPay, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — Tickmill or XM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
