AvaTrade vs Tickmill: Which Broker is Best for Mongolia Traders in 2026?
Which broker is better for Mongolia traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Mongolia Traders
Mongolia’s retail trading scene is growing fast, with emerging traders in Ulaanbaatar and beyond looking for reliable forex brokers. AvaTrade and Tickmill are two popular choices, but they cater to different needs. AvaTrade, with a score of 4.6/5, is a well-established broker offering a wide range of assets, including forex, CFDs, and cryptocurrencies, plus a user-friendly platform suite. Tickmill, rated 4/5, is known for its ultra-low spreads and fast execution, making it a favorite among cost-conscious traders. Both brokers accept Mongolia traders and support local payment methods like Bank Transfer, QPay, and USDT. However, neither is directly regulated by the Financial Regulatory Commission (FRC) of Mongolia, so traders must rely on offshore regulation from bodies like the FCA or CySEC. This comparison will help you decide which broker fits your trading style, budget, and local needs.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | AvaTrade | Tickmill | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Tickmill |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Tickmill |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Tickmill |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Tickmill |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $100 | Tie |
For Mongolia traders, trading costs are a key factor. Tickmill offers the lowest spreads, starting from 0.0 pips on its Raw account, with a $3 commission per lot per side. This is ideal for scalpers and high-volume traders. AvaTrade’s standard spreads start from 0.9 pips on major pairs like EUR/USD, with no commission. For a 1-lot trade, Tickmill’s total cost is about $6 round-turn, while AvaTrade’s is around $9. Over 100 trades per month, Tickmill saves roughly $300. AvaTrade’s fixed spreads can benefit beginners who want predictable costs, but Tickmill is cheaper for active Mongolia traders.
Account Types Comparison
| Account Type | AvaTrade | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✓ | ✗ |
| Min deposit | $100 | $100 |
Leverage Comparison - Mongolia Traders
| Entity / Asset | AvaTrade | Tickmill |
|---|---|---|
| Mongolia (offshore) | Up to 1:400 | Up to 1:1000 |
| Forex major pairs | 1:400 | 1:1000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | AvaTrade | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | AvaTrade |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | AvaTrade |
| Crypto CFDs | 30+ | ✗ | AvaTrade |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✓ | ✗ | Tie |
Platforms Comparison
| Platform | AvaTrade | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
AvaTrade wins on platform variety, offering MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO (mobile), and WebTrader. MT4 is popular among Mongolia traders for its custom indicators and automated trading via Expert Advisors. Tickmill also offers MT4 and MT5, plus a proprietary WebTrader, but lacks a dedicated mobile app. For Mongolia traders on the go, AvaTrade’s mobile platforms are more polished. Both brokers support copy trading—AvaTrade via DupliTrade and Tickmill via ZuluTrade—which is useful for beginners. AvaTrade’s platform ecosystem is more comprehensive, but Tickmill’s MT4/5 are robust enough for most.
Execution Quality - Speed & Slippage
| Factor | AvaTrade | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | AvaTrade |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Execution quality is a differentiator. Tickmill uses a No Dealing Desk (NDD) model with ultra-low latency, achieving average execution speeds under 30 milliseconds. This benefits scalpers and high-frequency traders in Mongolia. AvaTrade uses a hybrid model (market maker and ECN), with execution speeds around 50-100 milliseconds. While still fast, Tickmill’s execution is superior for fast-moving markets. Both brokers offer negative balance protection, which is crucial for volatile conditions. For Mongolia traders using USDT or QPay deposits, Tickmill’s faster execution can be a competitive edge.
Regulation & Safety for Mongolia Traders
| Safety Factor | AvaTrade | Tickmill |
|---|---|---|
| Primary regulator | CBI | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is critical for Mongolia traders because neither broker is licensed by the Financial Regulatory Commission (FRC) of Mongolia. AvaTrade is regulated by the Central Bank of Ireland, the FCA in the UK, and CySEC in Cyprus, offering strong client fund segregation and negative balance protection. Tickmill is regulated by the FCA, CySEC, and the FSA (Seychelles), with similar protections. For Mongolia traders, this means your funds are safe under European regulations, but you may not have local recourse in case of disputes. Always check the specific entity you are trading with—the FCA-regulated one offers the highest protection.
Deposits & Withdrawals for Mongolia
| Payment Method | AvaTrade | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | Card/e-wallet 24-48hrs after approval; Wire Transfer up to 7-10 business days | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Depositing and withdrawing funds is straightforward for Mongolia traders. Both AvaTrade and Tickmill support Bank Transfer, QPay, and USDT (cryptocurrency). QPay is a Mongolian mobile payment system that allows instant deposits in MNT—ideal for local traders. USDT deposits are fast and low-cost, especially for those who prefer crypto. AvaTrade also accepts credit/debit cards, Skrill, and Neteller, while Tickmill adds local bank transfers and other e-wallets. Withdrawals are processed within 1-2 business days for QPay and USDT, while bank transfers may take 3-5 days. Neither broker charges deposit fees, but Tickmill charges a small withdrawal fee for bank transfers. For most Mongolia traders, QPay and USDT are the most convenient options.
Islamic Accounts - Swap-Free for Mongolia Muslims
| Islamic Account Feature | AvaTrade | Tickmill |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both AvaTrade and Tickmill offer swap-free Islamic accounts for Muslim traders in Mongolia. These accounts comply with Sharia law by not charging or paying overnight interest on positions. AvaTrade provides Islamic accounts on all account types (Standard, Raw, etc.), while Tickmill offers them on Classic and Raw accounts. To open an Islamic account, Mongolia traders need to request it during registration or contact customer support. Note that some brokers may require a minimum deposit or restrict certain instruments. Both brokers are transparent about swap-free terms, making them suitable for Mongolia’s Muslim community.
Customer Support Comparison
| Support Feature | AvaTrade | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | AvaTrade |
Customer support is available 24/5 for both brokers, with multi-language options. AvaTrade offers live chat, email, and phone support in English and several other languages, but not Mongolian. Tickmill also provides live chat and email, with faster response times (under 1 minute on chat). For Mongolia traders, English support is the primary option. AvaTrade’s support is more comprehensive, but Tickmill’s responsiveness is better. Neither broker has a local office in Mongolia, but both are accessible via international channels.
Mobile App Comparison
| Mobile Feature | AvaTrade | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | AvaTrade |
| Google Play rating | 4.3 stars | 4.2 stars | AvaTrade |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | AvaTrade | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | AvaTrade |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | AvaTrade |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
AvaTrade
Tickmill
Who Should Use Which Broker? - Mongolia Guide
Choose AvaTrade if you...
- Want a wide range of trading platforms, including MT4, MT5, and AvaTradeGO.
- Prefer a broker with a higher overall rating (4.6/5) and strong regulation.
- Trade a variety of assets beyond forex, like stocks, indices, and crypto CFDs.
- Are a beginner looking for fixed spreads and educational resources.
Choose Tickmill if you...
- Focus on low-cost forex trading with spreads from 0.0 pips.
- Are a scalper or high-volume trader who benefits from fast execution.
- Prefer a simpler platform setup (MT4/5) without extra bells and whistles.
- Want to use USDT or QPay for deposits and withdrawals with low fees.
FAQ - AvaTrade vs Tickmill in Mongolia
Final Verdict - Mongolia 2026
For Mongolia traders, the choice between AvaTrade and Tickmill depends on your priorities. AvaTrade is the better all-rounder with a higher score, more platforms, and comprehensive regulation. It suits beginners and those who want a user-friendly experience. Tickmill excels in cost efficiency and execution speed, making it ideal for active traders and scalpers. Both support local payment methods like Bank Transfer, QPay, and USDT, which is a plus for Mongolia. Since neither broker is regulated by the FRC Mongolia, we recommend starting with a small deposit to test their services. Ultimately, AvaTrade wins for versatility, while Tickmill wins for low costs. Choose based on your trading style and volume.