Tickmill and FP Markets are both strong forex and CFD brokers, but they serve slightly different traders.
Tickmill is better for traders who want simple forex-focused pricing, low spreads, MetaTrader platforms and a clean trading setup. It is especially attractive for forex traders, scalpers and traders who want a broker that does not feel too complicated.
FP Markets is better for traders who want broader market access, more platform choice, more instruments and a stronger all-round CFD trading environment. It is especially useful for traders who want forex, shares, indices, commodities, crypto CFDs and access to multiple platforms such as MT4, MT5, cTrader and TradingView.
So the simple answer is this:
Choose Tickmill if your main priority is low-cost forex trading. Choose FP Markets if you want a broader broker with more platforms, more markets and more flexibility.
Traders who are still comparing more providers can use CompareBroker’s forex broker comparison tool to check Tickmill, FP Markets and other regulated brokers side by side. CompareBroker says its tool helps users compare more than 100 regulated online trading brokers, which makes it useful for traders who do not want to rely on one broker review only.
Tickmill vs FP Markets at a Glance
Feature | Tickmill | FP Markets |
Best For | Forex traders and scalpers | Multi-asset CFD traders |
Main Strength | Low-cost forex trading | Broader market and platform choice |
Founded | 2014 | 2005 |
Regulation | CySEC and other group entities | ASIC, CySEC, FSCA, FSA and other entities |
Platforms | MT4, MT5 | MT4, MT5, cTrader, TradingView |
Forex Pairs | Strong forex focus | 70+ currency pairs |
Spreads | Very competitive | From 0.0 pips on raw-style pricing |
CFDs | Yes | Yes |
Shares/Stock CFDs | More limited | Broader share CFD access |
Better for Beginners | Tickmill, slightly | Good, but broader and more advanced |
Better for Advanced Traders | Tie | Tie |
Better for Market Range | FP Markets | FP Markets |
Better Overall | Depends on trading style | FP Markets for all-round use |
What Is Tickmill?
Tickmill is a forex and CFD broker known for low trading costs, MetaTrader support and a straightforward account structure. It is often chosen by traders who care more about spreads, execution and simplicity than having thousands of different markets.
The broker is particularly popular with forex traders because it offers classic MetaTrader-style trading. That means users can trade with MT4 or MT5, use Expert Advisors, apply custom indicators and run automated strategies.
CompareBroker’s full Tickmill review describes Tickmill as a globally recognised online broker specialising in forex and CFDs, with a reputation for tight spreads, fast execution and strong regulatory oversight. (Compare Broker)
In simple terms, Tickmill is not trying to be everything to everyone. Its strongest appeal is for traders who want a clean forex and CFD broker with low-cost trading conditions.
What Is FP Markets?
FP Markets is a global forex and CFD broker founded in 2005. It is broader than Tickmill in terms of platforms, market access and product range.
The main strength of FP Markets is flexibility. Traders can access forex, commodities, indices, shares and other CFDs through multiple platforms. FP Markets states that it offers 70+ currency pairs, spreads from 0.0 pips and leverage up to 1:500 depending on account type and jurisdiction.
CompareBroker’s full FP Markets review gives a deeper breakdown of the broker’s regulation, platforms, tradable markets, fees, account types, deposits, withdrawals, research and education.
In simple terms, FP Markets is better suited to traders who want more than forex. It works well for users who want forex today, indices tomorrow, commodities later and share CFDs as part of the same trading setup.
Regulation and Safety: Which Broker Is Safer?
Both Tickmill and FP Markets are regulated brokers, but their regulatory structures differ by region.
Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission, and Tickmill’s own regulation page also notes registration with several European financial authorities such as BaFin, ACPR, CONSOB and Spain’s CNMV.
FP Markets states that it is regulated by ASIC in Australia, CySEC in Europe, the FSCA in South Africa and the FSA in Seychelles, with a global structure covering different regions. (
For traders, the key point is simple: regulation matters because it affects client fund rules, disclosure standards, leverage limits and complaint protections. A trader in the UK, Europe, Australia, Africa or another region should always check the exact entity they are opening an account with.
From a safety perspective, both brokers are credible. FP Markets has the edge for broader global regulatory coverage, while Tickmill remains strong for traders who want a regulated forex-focused broker.
Regulation verdict: FP Markets wins slightly for broader regulatory reach, but both brokers are credible.
Fees and Spreads: Which Broker Is Cheaper?
This is one of the most important parts of the Tickmill vs FP Markets comparison.
Tickmill has a strong reputation for low-cost forex trading. It is often attractive to scalpers, day traders and high-volume forex traders because small spread differences matter a lot when a trader places frequent trades.
FP Markets is also very competitive. Its forex page says spreads start from 0.0 pips, and CompareBroker’s zero spread brokers guide notes that FP Markets is often chosen by cost-sensitive traders who focus on forex and CFDs. The difference is in positioning.
Tickmill feels more focused on pure forex cost efficiency. FP Markets is also low-cost, but it adds a broader platform and product ecosystem around that pricing.
For traders who only care about forex spreads, Tickmill may feel slightly sharper. For traders who want low spreads plus more markets and more platforms, FP Markets becomes more attractive.
Fees verdict: Tickmill wins slightly for pure forex cost focus. FP Markets remains highly competitive overall.
Platforms: Tickmill Is Simple, FP Markets Gives More Choice
Tickmill supports MT4 and MT5. That is enough for many forex traders because MetaTrader remains one of the most widely used trading ecosystems in retail forex.
MT4 is popular for forex trading, Expert Advisors, custom indicators and simple execution. MT5 adds more timeframes, more order types and broader market support. CompareBroker’s Tickmill review also highlights MT4 and MT5 as the broker’s main trading platforms. (Compare Broker)
FP Markets has a clear advantage in platform variety. It offers MT4, MT5, cTrader and TradingView in supported regions. This matters because traders now use platforms in very different ways. Some want MetaTrader automation. Some want cTrader’s cleaner execution interface. Others prefer TradingView because of its charts, watchlists and social charting tools.
That makes FP Markets more flexible.
A trader who only wants MT4 or MT5 may be happy with Tickmill. But a trader who wants to test different platforms, switch between charting environments or use TradingView may find FP Markets more complete.
For users comparing platform-first brokers, CompareBroker’s MT4 brokers comparison is a natural next step because platform choice can be just as important as spreads.
Platform verdict: FP Markets wins because it offers more platform choice.
Forex Trading: Which Broker Is Better?
Tickmill and FP Markets are both strong forex brokers.
Tickmill is especially attractive for traders who want a focused forex setup. It offers MetaTrader platforms, competitive spreads and a trading environment that suits scalping, day trading and technical strategies.
FP Markets is also strong in forex. It offers 70+ currency pairs, raw-style pricing and multiple platforms, including MT4, MT5, cTrader and TradingView. (FP Markets)
The winner depends on the trader.
A pure forex trader who wants a simple, low-cost MetaTrader broker may prefer Tickmill. A forex trader who also wants more platform flexibility and broader CFD access may prefer FP Markets.
For example, if a trader mainly trades EUR/USD, GBP/USD and gold on MT4, Tickmill may be enough. But if that trader also wants to compare forex with US indices, commodities, share CFDs and TradingView charts, FP Markets becomes stronger.
Forex verdict: Tickmill wins for pure forex simplicity. FP Markets wins for forex plus broader flexibility.
CFD Trading: FP Markets Has the Broader Offering
CFDs are contracts that let traders speculate on price movement without owning the asset. For example, a trader can trade gold, oil, an index or a share CFD without owning the physical commodity, index or stock.
Both Tickmill and FP Markets offer CFDs, but FP Markets has the broader CFD profile.
Tickmill covers key CFD markets such as forex, stock indices, commodities, stocks and cryptocurrencies through its available product categories. Tickmill’s own site lists markets including commodities, forex, cryptocurrencies, stock indices and stocks. (Tickmill Ltd)
FP Markets is stronger for traders who want wider CFD access across forex, shares, indices, commodities and other markets. That makes it better for traders who want to rotate between asset classes.
This matters because markets do not move in isolation. A forex trader may also want to watch oil, gold, the S&P 500 or major stock CFDs. FP Markets gives traders more room to do that.
For readers comparing asset-specific brokers, CompareBroker’s guides on brokers for trading indices, brokers for trading oil and brokers for trading Bitcoin can support the user journey without forcing them away from CompareBroker.
CFD verdict: FP Markets wins for broader CFD trading.
Account Types: Which Broker Is Easier to Understand?
Tickmill keeps its account structure relatively simple. It usually appeals to traders who want a classic choice between a standard-style account and a lower-spread account with commission.
CompareBroker’s Tickmill review describes the Classic account as a standard retail-style account, while the Pro account is positioned for professional traders and scalpers with tighter spreads and a small commission.
FP Markets also offers different account types, often including standard and raw-style pricing depending on platform and region. The broader product range can make FP Markets more flexible, but it can also make the broker feel slightly more complex for complete beginners.
This is an important point. More choice is not always better for new traders. Beginners often need clarity more than features.
Tickmill may feel easier for someone who wants to open a forex account, choose MT4 or MT5, and start with a simple structure. FP Markets may feel better for someone who already understands the difference between platforms, spreads, commissions and asset classes.
Account type verdict: Tickmill is simpler. FP Markets is more flexible.
Trading Tools and Execution: Which Broker Is Better for Active Traders?
Both brokers are strong for active traders.
Tickmill is attractive for active forex traders because of its low-cost structure, MetaTrader support and scalping-friendly profile. Traders who use Expert Advisors may also like Tickmill because MT4 and MT5 remain widely used for automated forex trading.
FP Markets is also strong for active traders, but in a broader way. It gives users more platform options, including cTrader and TradingView, which can be useful for traders who want advanced charting, faster workflow or a more modern platform experience.
For scalpers, both brokers can work. Scalping means opening and closing trades quickly, sometimes within minutes or seconds. In this style of trading, spreads, execution and platform speed matter a lot.
Tickmill has the edge for traders who want a simple low-cost MetaTrader scalping setup. FP Markets has the edge for traders who want more platform choice around their active strategy.
Active trader verdict: Tie. Tickmill for MetaTrader scalpers, FP Markets for multi-platform active traders.
Beginners: Is Tickmill or FP Markets Better for New Traders?
Tickmill may be easier for beginners because it is more focused.
A new trader can get confused very quickly if a broker offers too many instruments, too many platforms and too many account types. Tickmill’s simpler forex-focused setup can make the first step easier.
FP Markets is still a good broker for beginners, but it may suit beginners who already know they want to grow into a broader trading environment. A beginner who wants to learn forex first, then explore indices, commodities, crypto CFDs and share CFDs later, may prefer FP Markets.
The key issue for beginners is not only the broker. It is risk. Forex and CFDs are leveraged products, and leverage can increase losses as well as gains. New traders should start with a demo account, learn how spreads and margin work, and avoid trading real money before they understand the basics.
For users at the early stage, CompareBroker’s guide to the best forex brokers for beginners can naturally support the article because it helps readers compare beginner-friendly brokers beyond Tickmill and FP Markets.
Beginner verdict: Tickmill wins slightly for simplicity. FP Markets is better for beginners who want long-term platform flexibility.
Advanced Traders: Which Broker Is Better?
Advanced traders may prefer FP Markets because it gives more choice.
An advanced trader may not want to be limited to MT4 and MT5. They may want TradingView charts, cTrader execution, broader CFD access, more asset classes and more ways to structure trades.
FP Markets gives more room for that.
However, Tickmill should not be dismissed. Many advanced forex traders prefer brokers that are simple, cost-efficient and MetaTrader-focused. If a trader already has a tested MT4 or MT5 system, Tickmill can be a strong fit.
So the answer depends on what “advanced” means.
If advanced means high-volume forex trading, Tickmill is very competitive.
If advanced means multi-asset trading, platform choice and broader CFD exposure, FP Markets is stronger.
Advanced trader verdict: FP Markets wins overall, but Tickmill remains strong for advanced forex-only traders.
Market Access: FP Markets Wins Clearly
Market access is one of FP Markets’ biggest advantages over Tickmill.
FP Markets offers a broader range of tradable instruments, including forex, indices, commodities, shares and other CFDs depending on jurisdiction. Its wider market range makes it more suitable for traders who want to move between asset classes.
Tickmill covers important markets, but it is more forex-led. That is not a weakness if the trader’s main focus is forex. But it becomes a limitation for traders who want broader exposure.
For example, a trader may start with EUR/USD but later want to trade gold, oil, US indices, European indices or global share CFDs. FP Markets is better positioned for that type of trader.
CompareBroker’s compare all brokers page can be used naturally here because users comparing market range often want to see broker ratings, trading fees and account features in one place.
Market access verdict: FP Markets wins.
Deposits and Withdrawals: Both Are Competitive
Both Tickmill and FP Markets support common deposit and withdrawal methods, although availability depends on country and account entity.
Most traders will care about three things: funding speed, withdrawal reliability and fees. A broker may look good on spreads, but if withdrawals are slow or funding options are limited, the trading experience becomes weaker.
Tickmill is generally known for a clean funding process. FP Markets also offers a wide funding setup across its global entities.
There is no clear winner here without checking the trader’s country. A UK trader, EU trader, African trader, Australian trader or Asian trader may see different deposit options.
Deposits and withdrawals verdict: Tie, but users should check their local entity.
Customer Support: Which Broker Is Better?
Customer support is important, especially for beginners and traders handling account verification, deposits or withdrawals.
FP Markets highlights multilingual customer support as part of its forex offering. (FP Markets) Tickmill also provides support resources, education pages, FAQs and client services through its regional sites.
For most traders, both brokers are good enough in this area. The real difference may depend on region, language and account type.
A beginner may value faster onboarding support. An active trader may care more about technical support when platform or funding issues appear.
Support verdict: Tie.
Pros and Cons of Tickmill
Tickmill Pros
Tickmill is strong for forex traders who want low-cost trading and a simple broker setup.
It supports MT4 and MT5, which makes it suitable for traders using Expert Advisors, indicators and automated strategies.
Its account structure is easier to understand than brokers with too many platform and product layers.
It is suitable for scalpers and active forex traders who want tight spreads and straightforward execution.
Tickmill Cons
Tickmill is not as broad as FP Markets in terms of instruments and platform choice.
It does not offer the same level of multi-platform flexibility as FP Markets.
Traders who want cTrader, TradingView or broader share CFD access may prefer FP Markets.
Tickmill may feel too forex-focused for traders who want a full multi-asset broker.
Pros and Cons of FP Markets
FP Markets Pros
FP Markets offers broader market access than Tickmill.
It supports more platforms, including MT4, MT5, cTrader and TradingView in supported regions.
It offers competitive raw-style pricing, with forex spreads from 0.0 pips according to its own forex trading page.
It is better for traders who want forex, indices, commodities, shares and other CFDs in one broker environment.
FP Markets Cons
FP Markets may feel more complex for complete beginners.
Its broader structure means traders need to pay closer attention to platform, entity, account type and fees.
A trader who only wants simple forex trading may not need all the extra features.
Some conditions vary by jurisdiction, so users must check the specific FP Markets entity available to them.
Tickmill vs FP Markets: Category Winners
Category | Winner | Reason |
Overall broker | FP Markets | Broader markets and more platforms |
Forex trading | Tickmill | Strong pure forex focus |
CFD trading | FP Markets | Wider CFD product range |
Spreads and pricing | Tickmill | Slight edge for forex cost focus |
Platform choice | FP Markets | MT4, MT5, cTrader and TradingView |
Beginner experience | Tickmill | Simpler structure |
Advanced traders | FP Markets | More tools and flexibility |
Scalping | Tie | Both can suit active traders |
Market access | FP Markets | More instruments and asset classes |
Regulation | FP Markets | Broader global regulatory structure |
Simplicity | Tickmill | Cleaner forex-led setup |
Long-term flexibility | FP Markets | Better for traders who may expand beyond forex |
Who Should Choose Tickmill?
Choose Tickmill if your main goal is forex trading.
Tickmill is best for traders who want a focused broker, low trading costs, MetaTrader platforms and a simple trading environment. It is especially suitable for traders who already know they want to trade currency pairs and do not need a large number of extra markets.
Tickmill may be the better choice if you are:
A forex trader.
A scalper.
A MetaTrader user.
A trader who wants a simpler broker.
A trader focused mainly on spreads and commissions.
A beginner who does not want too many platform choices.
In simple terms, Tickmill is better for traders who say: “I want low-cost forex trading without unnecessary complexity.”
Who Should Choose FP Markets?
Choose FP Markets if you want a broader broker.
FP Markets is best for traders who want more platforms, more instruments and more room to grow. It works well for forex traders, but it is also stronger for users who want indices, commodities, share CFDs and other markets.
FP Markets may be the better choice if you are:
A multi-asset CFD trader.
A trader who wants MT4, MT5, cTrader or TradingView.
A forex trader who also trades indices or commodities.
An advanced trader who wants more tools.
A trader who wants broader global market access.
A user who wants one broker for several trading styles.
In simple terms, FP Markets is better for traders who say: “I want low spreads, but I also want more markets and more platform choice.”
Tickmill vs FP Markets
FP Markets is the better all-round broker because it offers broader market access, more platform choice and stronger long-term flexibility.
Tickmill is the better choice for traders who want a simpler, forex-focused broker with low-cost trading conditions and MetaTrader support.
So the final answer depends on trading style:
Tickmill is better for pure forex traders.
FP Markets is better for multi-asset CFD traders.
If the user is a beginner who only wants to learn forex, Tickmill may feel easier. If the user wants a broker they can grow with across forex, indices, commodities, shares and multiple platforms, FP Markets is likely the stronger choice.
Before opening an account, traders should compare regulation, spreads, commissions, platforms, funding methods and account types. CompareBroker’s broker reviews section can help users continue the research journey and compare both brokers against other providers before making a final decision.
FAQs:
Is Tickmill better than FP Markets?
Tickmill is better for traders who mainly want low-cost forex trading on MT4 or MT5. FP Markets is better for traders who want more platforms, more markets and a broader CFD trading environment.
Is FP Markets better than Tickmill?
FP Markets is better overall for multi-asset traders because it offers broader market access and more platform choice. Tickmill may still be better for traders who only care about simple forex trading and low costs.
Which broker has lower spreads, Tickmill or FP Markets?
Both brokers offer competitive spreads. Tickmill has a strong reputation for low-cost forex trading, while FP Markets also offers raw-style pricing with spreads from 0.0 pips on eligible accounts.
Which broker is better for forex trading?
Tickmill is slightly better for pure forex trading because it is more focused and simple. FP Markets is better for forex traders who also want access to indices, commodities, shares and multiple trading platforms.
Which broker is better for beginners?
Tickmill may be easier for beginners because the broker feels more focused. FP Markets is still beginner-friendly, but its broader platform and market range may feel more complex at first.
Which broker is better for advanced traders?
FP Markets is better for advanced traders who want more platforms and broader market access. Tickmill is still strong for advanced forex traders using MT4, MT5 or automated strategies.
Does Tickmill offer MT4 and MT5?
Yes. Tickmill supports MT4 and MT5, which makes it suitable for manual traders, technical traders and users of Expert Advisors.
Does FP Markets offer TradingView?
FP Markets supports TradingView in eligible regions, along with MT4, MT5 and cTrader. This gives FP Markets a platform-choice advantage over Tickmill.
Is Tickmill safe?
Tickmill is a regulated broker, but traders should check the exact Tickmill entity available in their country before opening an account.
Is FP Markets safe?
FP Markets is regulated across multiple jurisdictions, including ASIC in Australia and CySEC in Europe. Traders should still check which FP Markets entity applies to their country.
Which broker is better for scalping?
Both brokers can work for scalping. Tickmill is attractive for MetaTrader-based scalpers, while FP Markets is stronger for scalpers who want more platform choice.
Which broker should I choose?
Choose Tickmill if you want simple, low-cost forex trading. Choose FP Markets if you want broader market access, more platforms and stronger long-term flexibility.
