PrimeXBT vs Tickmill
Choosing between PrimeXBT and Tickmill is a common decision for forex traders in Africa. In our analysis, Tickmill scores 80/100 on our Hub Score compared to PrimeXBT's 70/100. For traders with limited starting capital, PrimeXBT has a lower entry point at $1. 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, Tickmill scores higher overall with 80/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
PrimeXBT
Tickmill
| Feature | PrimeXBT | Tickmill |
|---|---|---|
| Hub Score | 70/100 | 80/100 |
| Min. Deposit | $1 | $100 |
| Spreads | From 0.7 pips | From 0.0 pips |
| Max Leverage | 1:1000 | 1:1000 |
| Regulation | FSA Seychelles, FSCA, FSC Mauritius, BCR | FCA, CySEC, FSA, FSCA, DFSA |
| Platforms | PrimeXBT Platform, MetaTrader 5, TradingView | MetaTrader 4, MetaTrader 5, Tickmill Mobile App |
| Account Types | Standard, Professional | Classic, Raw, VIP |
| Trading Instruments | Crypto, Forex, Indices, Commodities | Forex, Indices, Commodities, Shares, Bonds, Crypto |
| Founded | 2018 | 2014 |
| Headquarters | Seychelles | London UK |
Pros
- Extremely low $1 minimum deposit
- Ultra-high leverage up to 1:1000
- Tight spreads from 0.1 pips
- Crypto and traditional markets
- 4.3/5 Trustpilot rating
Cons
- Newer broker since 2018
- Limited regulatory coverage
- Fewer traditional instruments
- High leverage risks for beginners
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, PrimeXBT or Tickmill?
PrimeXBT offers spreads from From 0.7 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 PrimeXBT vs Tickmill?
PrimeXBT requires a minimum deposit of $1, while Tickmill requires $100.
Is PrimeXBT or Tickmill better regulated?
PrimeXBT is regulated by FSA Seychelles, FSCA, FSC Mauritius, BCR, while Tickmill is regulated by FCA, CySEC, FSA, FSCA, DFSA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, PrimeXBT or Tickmill?
PrimeXBT 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.