Scope Markets vs Tickmill
Choosing between Scope Markets and Tickmill is a common decision for forex traders in Africa. In our analysis, Tickmill scores 80/100 on our Hub Score compared to Scope Markets's 74/100. For traders with limited starting capital, Scope Markets has a lower entry point at $10. 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.
Scope Markets
Tickmill
| Feature | Scope Markets | Tickmill |
|---|---|---|
| Hub Score | 74/100 | 80/100 |
| Min. Deposit | $10 | $100 |
| Spreads | from 0.9 pips | From 0.0 pips |
| Max Leverage | 1:1000 | 1:1000 |
| Regulation | FSC Belize, CySEC, CMA Kenya | FCA, CySEC, FSA, FSCA, DFSA |
| Platforms | MetaTrader 4, MetaTrader 5, Iress | MetaTrader 4, MetaTrader 5, Tickmill Mobile App |
| Account Types | Islamic Account, Standard, Cents Account | Classic, Raw, VIP |
| Trading Instruments | Forex, Indices, Commodities, Shares, Fractional Stocks, Futures | Forex, Indices, Commodities, Shares, Bonds, Crypto |
| Founded | 2014 | 2014 |
| Headquarters | Belize City, Belize | London UK |
Pros
- Low $10 minimum deposit
- Leverage up to 1:1000
- Innovative Cents account option
- Thousands of instruments
- Part of established Rostro Group
Cons
- Limited brand recognition
- 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, Scope Markets or Tickmill?
Scope Markets offers spreads from from 0.9 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 Scope Markets vs Tickmill?
Scope Markets requires a minimum deposit of $10, while Tickmill requires $100.
Is Scope Markets or Tickmill better regulated?
Scope Markets is regulated by FSC Belize, CySEC, CMA Kenya, while Tickmill is regulated by FCA, CySEC, FSA, FSCA, DFSA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, Scope Markets or Tickmill?
Scope Markets is marked as beginner-friendly. 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.