FP Markets vs Tickmill: Which Broker Wins for Singapore Traders in 2026?
Which broker is better for Singapore traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Singapore Traders
Singapore is a global financial hub, and traders here demand low costs, fast execution, and reliable regulation. When comparing FP Markets vs Tickmill, both brokers offer competitive conditions, but they cater to slightly different trader profiles. FP Markets, with a score of 4.7/5, is known for deep liquidity, raw spreads from 0.0 pips, and a wide range of trading platforms including MetaTrader 4, MetaTrader 5, and cTrader. Tickmill, scoring 4/5, is a trusted broker with a focus on simplicity, low minimum deposits, and strong execution speeds. For Singapore traders using SGD, both brokers support local payment methods like PayNow, bank transfer, and credit card. This comparison will help you decide which broker aligns better with your trading style, whether you are a day trader, scalper, or long-term investor in Singapore.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | FP Markets | 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 Singapore traders, trading costs are a key factor. FP Markets offers raw spreads from 0.0 pips on its ECN account with a commission of $3 per lot per side. Tickmill's raw spreads start from 0.1 pips with a commission of $2 per lot per side. On major pairs like EUR/USD, FP Markets is slightly cheaper for high-volume traders. For example, trading 10 lots per day, FP Markets saves about $10 in spread costs. Both brokers have no hidden fees for SGD deposits or withdrawals, making them cost-effective for local traders.
Account Types Comparison
| Account Type | FP Markets | 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 - Singapore Traders
| Entity / Asset | FP Markets | Tickmill |
|---|---|---|
| Singapore (offshore) | Up to 1:500 | Up to 1:1000 |
| Forex major pairs | 1:500 | 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 | FP Markets | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FP Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FP Markets |
| Crypto CFDs | 30+ | ✗ | FP Markets |
| Stocks / Share CFDs | 1,000+ | ✗ | Tickmill |
| ETFs | ✓ | ✗ | Tie |
Platforms Comparison
| Platform | FP Markets | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FP Markets provides MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, catering to both beginners and advanced traders. Tickmill offers MT4 and WebTrader only. For Singapore traders who use algorithmic trading or custom indicators, FP Markets' broader platform choice is a clear advantage. Both platforms support VPS hosting for low-latency trading, essential for Singapore scalpers.
Execution Quality - Speed & Slippage
| Factor | FP Markets | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | FP Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Both brokers offer ultra-fast execution with no requotes. FP Markets uses Equinix NY4 data centers for low-latency trading, ideal for Singapore scalpers. Tickmill's execution speed averages 0.2 seconds. FP Markets' deeper liquidity pool (from 10+ Tier-1 banks) ensures better fill rates during high volatility.
Regulation & Safety for Singapore Traders
| Safety Factor | FP Markets | Tickmill |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FP Markets is regulated by ASIC, CySEC, and FSA, while Tickmill is regulated by FCA, CySEC, and FSA. Neither broker is directly regulated by MAS, but both adhere to strict international standards. For Singapore traders, this means client funds are segregated and negative balance protection is offered. FP Markets also has a physical office in Sydney, adding an extra layer of trust for sophisticated investors.
Deposits & Withdrawals for Singapore
| Payment Method | FP Markets | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Singapore traders can fund their accounts using PayNow, local bank transfer, or credit card. FP Markets supports instant deposits via PayNow with no fees, while Tickmill also offers PayNow with same-day processing. Bank transfers take 1-2 business days for both brokers. Withdrawals are processed within 24 hours for FP Markets and 1-2 days for Tickmill. Minimum deposit is SGD 100 for FP Markets and SGD 50 for Tickmill. Both brokers accept SGD directly, avoiding conversion fees.
Islamic Accounts - Swap-Free for Singapore Muslims
| Islamic Account Feature | FP Markets | 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 FP Markets and Tickmill offer swap-free Islamic accounts for Muslim traders in Singapore. FP Markets provides Islamic accounts on all account types, including ECN and Standard, with no additional fees. Tickmill offers Islamic accounts on Standard and Pro accounts only. Both brokers require a declaration of faith to open an Islamic account. For Singapore Muslim traders, FP Markets offers more flexibility.
Customer Support Comparison
| Support Feature | FP Markets | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FP Markets |
FP Markets offers 24/5 multilingual support via live chat, email, and phone, with a dedicated team for Asia-Pacific clients. Tickmill provides 24/5 support in English and several other languages. For Singapore traders, FP Markets' faster response times (under 30 seconds on live chat) and local time zone coverage give it an edge.
Mobile App Comparison
| Mobile Feature | FP Markets | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FP Markets |
| Google Play rating | 4.3 stars | 4.2 stars | FP Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | FP Markets |
Education & Research Tools
| Resource | FP Markets | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FP Markets |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
FP Markets
Tickmill
Who Should Use Which Broker? - Singapore Guide
Choose FP Markets if you...
- Trade high volumes and need the tightest spreads from 0.0 pips
- Prefer multiple platforms including cTrader and MT5
- Want instant deposits via PayNow with no fees
- Need Islamic accounts on all account types
Choose Tickmill if you...
- Are a beginner with a lower starting budget (SGD 50 min deposit)
- Prefer a simpler platform setup with MT4 only
- Value FCA regulation and strong investor protection
- Trade with lower frequency and want lower commissions
FAQ - FP Markets vs Tickmill in Singapore
Final Verdict - Singapore 2026
For sophisticated Singapore traders, FP Markets is the stronger choice with its 4.7/5 score, tighter spreads, and broader platform support. Tickmill is a reliable alternative for cost-conscious traders with a lower deposit requirement. Both brokers support MAS-friendly payment methods like PayNow, bank transfer, and credit card, and offer Islamic accounts. Ultimately, FP Markets edges ahead for active traders who need deep liquidity and advanced tools, while Tickmill suits those starting out or trading smaller sizes. Consider your trading volume and platform preference before deciding.