Exness vs Tickmill: Which Broker is Better for Brazil Traders in 2026?
Which broker is better for Brazil traders in 2026? Expert analysis across 12 categories.
When comparing Exness vs Tickmill for Brazil traders in 2026, both brokers offer strong trading conditions but cater to slightly different needs. Exness scores 4.8/5 and is widely preferred by the growing retail trading community in Brazil due to its low minimum deposit of $10 (approximately 50 BRL), support for PIX, Bank Transfer, and Credit Card deposits, and flexible account types. Tickmill, with a score of 4/5, is known for its ultra-low spreads and professional trading environment, though it lacks PIX support and has a higher minimum deposit of $100 (around 500 BRL). For Brazil traders who value convenience and low entry costs, Exness is the better choice. For those focused on raw spread costs and institutional-grade execution, Tickmill is a strong contender. Both brokers are not directly regulated by the CVM, but they hold licenses from top-tier regulators like FCA and CySEC, providing a secure trading environment for Brazil traders.
| Instrument | Exness | 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 | $10 | $100 | Exness |
| Inactivity fee | ✓ | ✓ | Tie |
For Brazil traders, trading costs are a critical factor. Tickmill offers the lowest spreads on major forex pairs with its Raw account, starting from 0.0 pips plus a commission of $3 per lot per side. Exness provides competitive spreads on its Zero account (from 0.0 pips) but charges a commission of $3.5 per lot per side. However, Exness also offers a Standard account with spreads from 0.3 pips and no commission, which is ideal for smaller traders. For high-volume Brazil traders, Tickmill's raw spreads are slightly cheaper, but Exness has a lower overall cost for smaller positions due to no commission on its Standard account. Both brokers offer leverage up to 1:2000 for Brazil traders, but Exness allows up to 1:2000 on most accounts, while Tickmill caps at 1:500.
| Account Type | Exness | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| VPS trading | ✓ | ✓ |
| Min deposit | $10 | $100 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | Exness | Tickmill |
|---|---|---|
| Brazil (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | Exness | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | ✗ | Exness |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | Exness | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
Both Exness and Tickmill support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular platforms among Brazil traders. Exness also offers its proprietary web terminal and mobile app, which are user-friendly and optimized for local traders. Tickmill focuses on MT4 and MT5 with advanced charting tools and fast execution. For Brazil traders who prefer automated trading, both brokers support Expert Advisors (EAs) and copy trading. Exness has a larger selection of educational resources in Portuguese, making it more accessible for new traders in Brazil. Tickmill provides excellent platform stability and fast order execution, which is favored by experienced traders.
| Factor | Exness | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Execution quality is excellent for both brokers. Exness uses a market execution model with no dealing desk intervention, offering fast order execution and low latency. Tickmill is known for its ultra-fast execution speeds, with an average of 0.2 seconds on MT4. For Brazil traders, both brokers provide stable execution, but Tickmill has a slight edge for scalping and high-frequency trading due to lower latency. Exness is more reliable for larger volume traders due to its deep liquidity pools. Overall, both are suitable for Brazil traders, but Tickmill is better for scalpers.
| Safety Factor | Exness | Tickmill |
|---|---|---|
| Primary regulator | FCA | FCA |
| Reg number | #730729 | #717270 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a key concern for Brazil traders. Neither Exness nor Tickmill is regulated by the CVM (Comissão de Valores Mobiliários) in Brazil, but they hold licenses from reputable international bodies. Exness is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Tickmill is regulated by the FCA, CySEC, and the Financial Services Authority (FSA) in Seychelles. This means Brazil traders have access to segregated client accounts and negative balance protection. However, traders should be aware that without CVM regulation, they may not have access to local dispute resolution. Overall, both brokers offer a secure trading environment, but Exness has a higher trust score due to its longer track record and stricter compliance.
| Payment Method | Exness | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Deposit fee | None | None |
| Withdrawal time | 24/7 automated; 98% instant to 24hrs; mobile money often instant; bank transfer 1-3 days | Most withdrawals 1 business day; bank wire 1-3 days |
| Min withdrawal | $50 | $50 |
Deposits and withdrawals are seamless for Brazil traders with Exness, which supports PIX, Bank Transfer, and Credit Card deposits. PIX deposits are instant and free, with a minimum of 50 BRL. Bank Transfer and Credit Card deposits are also processed quickly. Exness has no deposit fees and withdrawals are usually processed within 24 hours. Tickmill supports Bank Transfer and Credit Card deposits but does not offer PIX, which is a disadvantage for Brazil traders who prefer this popular local payment method. Tickmill's minimum deposit is $100 (about 500 BRL), higher than Exness. Withdrawals at Tickmill are also free but may take 1-2 business days. For Brazil traders, Exness is more convenient due to PIX support and lower minimum deposit.
| Islamic Account Feature | Exness | Tickmill |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | — |
| How to apply | Contact support | Contact support |
For Muslim traders in Brazil, both Exness and Tickmill offer Islamic accounts (swap-free) that comply with Sharia law. Exness provides swap-free accounts on all account types with no additional fees or time limits, making it a great choice for long-term traders. Tickmill also offers Islamic accounts, but they may require a request and have a limited period (e.g., 30 days) before swap fees are applied. Brazil Muslim traders should check the specific terms with Tickmill. Overall, Exness has a more flexible and accessible Islamic account policy, which is better for traders who need swap-free trading for religious reasons.
| Support Feature | Exness | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✓ | ✗ | Exness |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Customer support is available in Portuguese for both Exness and Tickmill, which is a big plus for Brazil traders. Exness offers 24/7 live chat, email, and phone support, with quick response times. Tickmill also provides 24/5 support via live chat and email, with a Portuguese-speaking team. Exness has a more comprehensive FAQ section in Portuguese and offers local phone numbers for Brazil. Tickmill's support is professional but slightly slower during weekends. For Brazil traders who need round-the-clock assistance, Exness is the better choice.
| Mobile Feature | Exness | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | Exness |
| Google Play rating | 4.3★ | 4.2★ | Exness |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | Exness | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Exness |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Exness |
| Beginner resources | Excellent | Basic | Exness |
Choose Exness if you...
- Want to deposit with PIX, Bank Transfer, or Credit Card in BRL
- Prefer a low minimum deposit of $10 (about 50 BRL)
- Need 24/7 Portuguese customer support
- Are a beginner or small trader looking for no-commission accounts
Choose Tickmill if you...
- Focus on ultra-low spreads and raw execution costs
- Are an experienced trader or scalper
- Don't mind a higher minimum deposit of $100 (about 500 BRL)
- Prefer a professional trading environment with fast execution
For Brazil traders in 2026, Exness is the overall winner due to its higher score (4.8/5), lower minimum deposit, support for PIX, Bank Transfer, and Credit Card, and 24/7 Portuguese support. It is ideal for the growing retail trading community in Brazil who value convenience and low entry costs. Tickmill (4/5) is a strong alternative for experienced traders who prioritize raw spreads and fast execution, but its lack of PIX support and higher minimum deposit make it less accessible for most Brazil traders. Both brokers are not regulated by CVM, but they are secure and reliable. Ultimately, Exness is the best choice for most Brazil traders.