IC Markets vs Tickmill
Choosing between IC Markets and Tickmill is a common decision for forex traders in Africa. In our analysis, IC Markets scores 86/100 on our Hub Score compared to Tickmill's 80/100. For traders with limited starting capital, Tickmill has a lower entry point at $100. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, IC Markets scores higher overall with 86/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
IC Markets
Tickmill
| Feature | IC Markets | Tickmill |
|---|---|---|
| Hub Score | 86/100 | 80/100 |
| Min. Deposit | $200 | $100 |
| Spreads | From 0.0 pips | From 0.0 pips |
| Max Leverage | 1:5000 | 1:1000 |
| Regulation | ASIC, CySEC, FSA | FCA, CySEC, FSA, FSCA, DFSA |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, Tickmill Mobile App |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Classic, Raw, VIP |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Shares, Bonds, Crypto |
| Founded | 2007 | 2014 |
| Headquarters | Sydney Australia | London UK |
Pros
- Raw spreads from 0.0 pips
- Ultra-fast execution speeds
- Institutional-grade liquidity
- Award-winning execution quality
- 2300+ instruments available
Cons
- Higher minimum deposit $200
- Limited educational resources
- Complex for beginners
- Fewer account type options
Pros
- Raw spreads from 0.0 pips
- Monthly bonuses up to $5000
- Five top-tier regulations
- Transparent pricing model
- Institutional-grade conditions
Cons
- Higher minimum deposit $100
- Limited to 620 instruments
- No proprietary platform
- Limited crypto offerings
Which broker has lower spreads, IC Markets or Tickmill?
IC Markets offers spreads from From 0.0 pips, while Tickmill offers spreads from From 0.0 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs Tickmill?
IC Markets requires a minimum deposit of $200, while Tickmill requires $100.
Is IC Markets or Tickmill better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while Tickmill is regulated by FCA, CySEC, FSA, FSCA, DFSA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or Tickmill?
IC Markets may be better suited for experienced traders. Tickmill is also beginner-friendly. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.