FBS vs Tickmill for Mongolia Traders: A Detailed Comparison (2026)
Which broker is better for Mongolia traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Mongolia Traders
Mongolia’s forex trading scene is growing fast, and emerging retail traders in Ulaanbaatar and beyond are choosing between FBS and Tickmill. Both brokers are registered with the Financial Regulatory Commission (FRC) of Mongolia, ensuring legal operation under local laws. FBS scores 3.7/5 and is known for its user-friendly platforms and generous bonus programs, appealing to beginners. Tickmill scores 4/5 and attracts more experienced traders with its ultra-low spreads and institutional-grade execution. This comparison focuses on what matters most to Mongolia traders: deposit methods like Bank Transfer, QPay, and USDT, local currency support (MNT), and regulatory safety. Whether you trade part-time or full-time, understanding these differences will help you pick the right broker for your goals.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | FBS | 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 | $5 | $100 | Tickmill |
For Mongolia traders, trading costs directly impact profitability, especially with smaller account sizes. Tickmill offers the lowest spreads among the two, starting from 0.0 pips on the Pro account with a $3 per lot commission, making it ideal for scalpers and high-volume traders. FBS spreads start from 0.5 pips on the ECN account, with no commission but higher raw spreads. Over 100 standard lots per month, Tickmill saves you around $200 in spread costs compared to FBS. For traders depositing in MNT via QPay or Bank Transfer, these savings add up quickly.
Account Types Comparison
| Account Type | FBS | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $100 |
Leverage Comparison - Mongolia Traders
| Entity / Asset | FBS | Tickmill |
|---|---|---|
| Mongolia (offshore) | Up to 1:3000 | Up to 1:1000 |
| Forex major pairs | 1:3000 | 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 | FBS | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FBS |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FBS |
| Crypto CFDs | 30+ | ✗ | FBS |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | FBS | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers support MetaTrader 4 and MetaTrader 5, the most popular platforms among Mongolia traders. FBS adds a proprietary web trader and mobile app, which is great for beginners who prefer simplicity. Tickmill sticks to the MT4/5 suite, offering advanced charting and automated trading via Expert Advisors (EAs). For Mongolia traders who rely on mobile trading, both platforms are reliable, but FBS’s extra user-friendly interface may be easier for those new to forex.
Execution Quality - Speed & Slippage
| Factor | FBS | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | FBS |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Tickmill uses advanced STP/ECN execution with no requotes and average execution speed under 40 milliseconds, ideal for scalpers. FBS also offers ECN execution on its Pro account, but average speeds are around 60-80 milliseconds. For Mongolia traders using VPS or automated strategies, Tickmill’s faster execution reduces slippage.
Regulation & Safety for Mongolia Traders
| Safety Factor | FBS | Tickmill |
|---|---|---|
| Primary regulator | IFSC | FCA |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FBS is regulated by the Financial Regulatory Commission (FRC) of Mongolia, along with CySEC and IFSC. Tickmill is also FRC-registered, plus regulated by the FCA (UK) and CySEC. For Mongolia traders, FRC oversight means both brokers comply with local capital requirements and client fund segregation. Tickmill’s additional FCA regulation provides an extra layer of protection, especially for larger deposits. FBS’s local presence includes a Mongolian-language support team, which is a plus for less experienced traders.
Deposits & Withdrawals for Mongolia
| Payment Method | FBS | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | Electronic Wallets / Systems: Credited immediately to 30 minutes (processed 24/7 by the financial department).Cryptocurrency: Instant, though subject to blockchain network confirmations.Credit / Debit Cards: Average of 3 to 4 business days (internal processing takes 15–20 minutes, plus bank clearance).Bank Transfers: Usually processed within 7 to 10 business days. | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Depositing and withdrawing in Mongolia is straightforward with both brokers, but FBS has a clear edge. FBS supports Bank Transfer, QPay (the popular Mongolian mobile payment system), and USDT (Tether) deposits in MNT. Minimum deposits start at $10 via QPay, ideal for small-scale traders. Tickmill accepts Bank Transfer and USDT but does not offer QPay, which may be less convenient for locals. Withdrawals are processed within 24 hours for digital methods, while bank transfers take 1-3 business days. Both brokers charge no fees for deposits, but Tickmill may apply a small fee for bank withdrawals.
Islamic Accounts - Swap-Free for Mongolia Muslims
| Islamic Account Feature | FBS | 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 |
For Muslim traders in Mongolia, Islamic (swap-free) accounts are available at both FBS and Tickmill. FBS offers Islamic accounts on all standard and ECN account types, with no swap charges on overnight positions. Tickmill provides swap-free accounts on request, typically for traders in Muslim-majority regions. Both brokers require a minimum deposit to activate the feature, and FBS’s process is simpler—just select the option during registration. This makes FBS slightly more accessible for Mongolia’s Muslim traders.
Customer Support Comparison
| Support Feature | FBS | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FBS |
FBS offers 24/7 multilingual support with a dedicated Mongolian-speaking team via live chat, email, and phone. Tickmill provides 24/5 support in English and Russian, with slower response times for Mongolian queries. For Mongolia traders who prefer local language assistance, FBS is clearly better.
Mobile App Comparison
| Mobile Feature | FBS | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FBS |
| Google Play rating | 4.3 stars | 4.2 stars | FBS |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | FBS | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | FBS |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FBS |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
FBS
Tickmill
Who Should Use Which Broker? - Mongolia Guide
Choose FBS if you...
- Prefer depositing via QPay or local Bank Transfer in MNT
- Are a beginner trader wanting a simple platform and bonuses
- Need 24/7 customer support in Mongolian
- Want an Islamic account with easy setup
Choose Tickmill if you...
- Focus on low spreads and high-volume trading
- Need faster execution for scalping or EAs
- Value additional FCA regulation for extra safety
- Prefer USDT deposits and don’t need QPay
FAQ - FBS vs Tickmill in Mongolia
Final Verdict - Mongolia 2026
For emerging retail traders in Mongolia, both FBS and Tickmill are solid choices, but your decision hinges on your trading style and payment preferences. FBS is the better option if you rely on QPay for instant MNT deposits, want local-language support, or are just starting out with bonuses. Tickmill wins on cost and execution, making it ideal for serious traders who trade frequently and value low spreads. With FRC regulation for both, you can trade legally and safely. Ultimately, Tickmill’s higher overall score (4/5 vs 3.7/5) reflects its superior value for active traders, while FBS excels in convenience for beginners.