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Plus500 vs Tickmill 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Plus500 and Tickmill? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Plus500 ranks more highly than Tickmill.

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Compare

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Overall Rating Plus500 Tickmill
Overall Rating 8.6 /10 8.1 /10
Offering of Investments 8.0 /10 7.0 /10
Commissions & Fees 9.0 /10 10 /10
Platform & Tools 8.5 /10 8.0 /10
Research 8.0 /10 8.0 /10
Mobile Trading 8.5 /10 7.5 /10
Education 7.0 /10 7.5 /10
Account Type Plus500 Tickmill
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Deposit/Withdrawal Options Plus500 Tickmill
Minimum Deposit info €100 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Copy Trading Plus500 Tickmill
Social Trading / Copy Trading info No Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency Plus500 Tickmill
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes info Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) Plus500 Tickmill
Forex Trading (Spot or CFDs) info Yes info Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Plus500 Tickmill
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Plus500 Tickmill
Forex Trading (Spot or CFDs) info Yes info Yes
Spread Betting info No No
Social Trading / Copy Trading info No Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No Yes
ETF info Yes info No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Plus500 Tickmill
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses Plus500 Tickmill
Tier-1 Licenses info 6 2
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 3 2
Tier-3 Licenses info 0 0
Research, Education Plus500 Tickmill
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info No Yes
Daily Market Commentary info Yes Yes
Autochartist info No Yes
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes info Yes
Trading Costs Plus500 Tickmill
Minimum Deposit info €100 $100
Average Spread EUR/USD - Standard info N/A 0.51 info
All-in Cost EUR/USD - Active info N/A 0.31 info
Active Trader or VIP Discounts info No No
Trading Tools Plus500 Tickmill
Watchlists - Total Fields info 10 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 110 30
Mobile Charting - Indicators / Studies info 110 30
Trust Factors Plus500 Tickmill
Year Founded info 2008 2014
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 99 86
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Plus500 vs Tickmill Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Plus500 and Tickmill? Our independent database powered by our unbiased research will help you compare Plus500 vs Tickmill side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust Plus500?

Plus500 has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Can I trust Tickmill?

Tickmill has a Trust Score of 86, giving it a "Trusted" Trust Score Label.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker that holds six Tier-1 regulatory licenses from reputable jurisdictions around the globe and has a Trust Score rating of 99. Traders at Plus500 gain access to share trading via the Plus500 Invest platform, and CFD traders will find good selection of CFDs available via the broker’s separate Plus500 CFD platform. Though Plus500 does not provide access to the popular MetaTrader suite, we found its proprietary trading platform to be intuitive. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

Is Tickmill a good broker?

Tickmill is an excellent multi-asset broker that offers truly low-cost forex trading; the broker's Pro and VIP accounts are among the least expensive in the industry. Tickmill provides both MetaTrader 4 and MetaTrader 5, as well as third-party services like TradingView and Signal Centre, powered by Acuity Trading. Tickmill's overall offering continues to grow, but it offers fewer CFDs than the best multi-asset forex brokers.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Plus500 holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised) and United Kingdom (U.K.) (FCA Authorised). Tickmill, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Plus500 is Cyprus (CySEC Authorised), Israel (ISA Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while Tickmill is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses unfortunately, neither Plus500 nor Tickmill are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Plus500 offers a Proprietary Platform, whereas Tickmill supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does Plus500 offer MetaTrader? Does Tickmill offer MetaTrader?

For MetaTrader Plus500 provides neither of these, while Tickmill provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Plus500 and Tickmill differ in terms of minimum deposit? What about average spreads and funding options?

Plus500 requires a minimum deposit of €100, while Tickmill requires a minimum deposit of $100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both Plus500 and Tickmill offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, Plus500 or Tickmill?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Plus500 delivers a more diverse selection of investment options than Tickmill, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Metals, Energies, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; Plus500 offers 5500, and Tickmill offers a total of 725 tradeable symbols.

Can I trade cryptocurrency with Plus500 or Tickmill?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Plus500 nor Tickmill allow you to trade physical cryptocurrencies.

Who offers more research tools, Plus500 or Tickmill?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Plus500 delivers the following research tools: Daily Market Commentary, Stock Charts and Trading Central (Recognia). Tickmill, on the other hand, provides the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading

Broker Reviews

Still looking for more information, read our broker reviews.

Plus500 Review

Tickmill Review

Overall winner: Plus500

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announcementPlease 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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