Written by ForexBrokers.com
In this head to head comparison of Tickmill vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tickmill (founded 2014) and Spreadex (founded 1999) are online brokers that are privately held and not banks. Neither is publicly traded, so they don’t publish ongoing public financial reports.
In regulation and trust, Tickmill holds 2 Tier-1 and 2 Tier-2 licenses, while Spreadex holds 1 Tier-1 and no Tier-2 licenses. According to ForexBrokers.com’s Trust Score, Tickmill is 85/99 (trusted) and Spreadex is 70/99 (average risk). For reference, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Tickmill offers two main account types for traders who care about costs: Classic and Raw. The Classic account is commission-free, but its spreads are wider, averaging 1.76 pips on EUR/USD as of August 2023. The Raw account is designed for lower trading costs, with typical EUR/USD spreads of 0.11 pips in October 2023, plus a commission of $3 per side per standard lot ($6 round turn). Even after this commission increase, Tickmill still delivers a low all-in cost for active traders, with a minimum deposit of just $100 on the Raw account. Tickmill is rated 4.5 out of 5 stars for commissions and fees and is ranked #10 out of 36 brokers.
Spreadex also keeps things relatively simple on pricing, with average EUR/USD spreads of 0.81 pips in January 2024 and a minimum spread of 0.6 pips available 60% of the time during that month. While that makes Spreadex competitive, its overall pricing is not as low as Tickmill’s Raw account for active trading. Spreadex is rated 4 out of 5 stars for commissions and fees and is ranked #26 out of 36 brokers.
In short, Tickmill is the better pick for traders looking for lower trading costs, especially if they use the Raw account and trade often. Spreadex may still appeal to traders who want straightforward spread-based pricing, but its costs are generally higher than Tickmill’s best-priced option.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.70 | 0.81 |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When it comes to range of investments, Spreadex offers a much larger list of tradeable symbols than Tickmill, with 10,000 instruments compared with 637 at Tickmill. Tickmill, however, offers more forex pairs, with 62 available versus 52 at Spreadex. Both brokers support forex trading as CFDs or spot contracts, and both offer cryptocurrency CFDs, but neither lets clients buy actual crypto or purchase exchange-traded shares on U.S. or international stock exchanges.
Tickmill does have copy trading, while Spreadex does not. In overall range of investments ratings, Spreadex comes out ahead with 5 stars and a ForexBrokers.com ranking of #13 out of 36 brokers, compared with Tickmill’s 3.5 stars and #31 ranking. For traders looking for a wider set of markets, Spreadex has the edge, while Tickmill may appeal more to those focused on forex pair variety and copy trading.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 10000 |
| Forex Pairs (Total) | 62 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Tickmill and Spreadex both give traders a choice of demo accounts, web-based platforms, and the ability to place trades directly from charts, making either broker usable for beginners and active traders who want flexible access. Tickmill stands out for its wider platform selection, offering both MetaTrader 4 and MetaTrader 5, plus a Windows desktop download and copy trading. Spreadex, on the other hand, has its own in-house platform, which may appeal to traders who prefer a broker-built experience instead of MetaTrader.
When it comes to trading tools, both brokers earn the same 4-star rating for Trading Platforms and Tools, but Tickmill is ranked higher by ForexBrokers.com, placing #24 out of 36 brokers compared with Spreadex at #35. In simple terms, Tickmill offers more platform choice and extra features, while Spreadex focuses on a proprietary platform and still covers the basics well through its web platform and demo access.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 97 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and Spreadex both make mobile trading easy with iPhone and Android apps, and each lets users draw trendlines on charts. Both apps also earn a 4-star rating for mobile trading, so at a glance they offer a similar overall experience. That said, Tickmill has a stronger edge for chart-focused traders thanks to 97 technical studies in its app and watchlist symbol syncing, which keeps changes updated between mobile and online accounts.
Spreadex stands out in a different way by offering stock or forex price alerts, a feature Tickmill does not provide. However, Spreadex does not offer watchlist syncing, and its mobile charting tools are not as clearly defined in the data provided. In ForexBrokers.com’s mobile trading apps rankings, Tickmill places higher at #25 out of 36 brokers, while Spreadex ranks #34, making Tickmill the better pick overall for mobile trading features.
| Feature |
Tickmill
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Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 97 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Tickmill and Spreadex both give traders daily market commentary and an economic calendar, so each platform covers the basics for keeping up with key events and day-to-day market moves. They are also tied on ForexBrokers.com’s Research score, with both earning 4 out of 5 stars. In the broader ranking of 36 brokers, however, Tickmill places higher at #19, while Spreadex sits at #28.
The main difference is in the extra research tools. Spreadex stands out for offering forex news from major sources like Bloomberg, Reuters, or Dow Jones, plus Autochartist and a sentiment tool that shows long-versus-short positioning. Tickmill does not include those features, but it does offer Acuity Trading tools such as Signal Centre, which Spreadex does not. For traders who want more third-party market insights, Spreadex has the edge, while Tickmill may appeal to those who value Acuity’s support.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to education for beginners, Tickmill has the edge over Spreadex. Tickmill offers forex and CFDs learning materials, holds online educational webinars at least once a month, and provides more than 10 beginner videos as well as more than 10 advanced videos for traders who want to keep learning. Spreadex also offers at least 10 beginner videos, and it shares a 4-star Education rating with Tickmill, but it does not provide monthly educational webinars and does not appear to offer enough forex or CFDs education pieces to meet the same standard.
For new traders looking for regular guidance and a wider range of learning formats, Tickmill is the stronger choice overall. That said, Spreadex still gives beginners a solid starting point with video content, but its lower Education rank of 34th out of 36 brokers suggests fewer learning resources than Tickmill, which is ranked 14th. In simple terms, both brokers can help beginners get started, but Tickmill offers more ways to build knowledge over time.
| Feature |
Tickmill
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Tickmill is better than Spreadex. Tickmill finished with an overall rank of #23, while Spreadex finished with an overall rank of #33.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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Spreadex
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|---|---|---|
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| Trust Score | 85 | 70 |
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Tickmill vs. Spreadex: neither online broker allows buying actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
Tickmill vs Spreadex: for deposits and withdrawals, both brokers do not support ACH/SEPA and both accept bank wire transfers, but Tickmill uniquely offers PayPal and Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Tickmill | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
| Broker Screenshots | Tickmill | Spreadex | |
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| Regulation | Tickmill | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 70 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Tickmill | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 10000 | |
| Forex Pairs (Total) | 62 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Tickmill | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.70 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Tickmill | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Tickmill | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | Tickmill | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 97 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | No | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 97 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Tickmill | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Tickmill | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Tickmill Review | Spreadex Review |
| Overall | Tickmill | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | Tickmill Review | Spreadex Review |
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