FxPro vs Tickmill: Australia Trader Comparison 2026

For Australia traders, trading costs are a critical factor. Tickmill's Raw account offers spreads from 0.0 pips with a commission of $3 per side per lot (USD), making it highly competitive for high-volume traders. FxPro's Raw+ account also starts from 0.0 pips but charges $4.5 per side per lot. On standard accounts, FxPro's spreads average around 1.2 pips on EUR/USD with no commission, while Tickmill's Classic account spreads average 1.6 pips. For a typical Australia trader executing 10 lots per month, Tickmill's Raw account saves approximately $30 in commissions compared to FxPro's Raw+ account. However, FxPro offers more account types including a fixed spread option, which can be useful during volatile news events. Both brokers have no hidden fees for Australian clients, but check their swap rates if holding positions overnight.

FxPro provides Australia traders with three major platforms: MetaTrader 4, MetaTrader 5, and cTrader. This variety suits experienced traders who want to use Expert Advisors (EAs) on MT4/MT5 or prefer cTrader's advanced charting and depth of market. Tickmill offers MT4 and MT5, plus its own WebTrader. For Australia traders who rely on automated trading, both brokers support EAs, but FxPro's cTrader integration gives an edge for algorithmic trading with its FIX API. Tickmill's platforms are well-optimised for fast execution, but lack the customisation options of cTrader. Mobile trading apps are available from both brokers for iOS and Android, with FxPro's app earning slightly higher user ratings for its intuitive design. Australia traders should consider their preferred platform: choose FxPro for cTrader and wider platform choice, or Tickmill for a streamlined MT4/MT5 experience.

Both FxPro and Tickmill offer No Dealing Desk (NDD) execution with low latency. FxPro uses a combination of STP and ECN models, with order execution typically under 50ms. Tickmill also operates an STP/ECN model with execution speeds around 40ms. For Australia traders trading high-frequency strategies, both brokers provide fast execution with minimal requotes. FxPro's cTrader platform offers depth of market, which is useful for scalpers. Tickmill's execution is consistently reliable, with slippage generally within acceptable ranges. Both brokers have servers in Equinix LD4 and NY4 data centres, ensuring low latency for Australian connections via fibre.

Both FxPro and Tickmill are regulated by the Australian Securities and Investments Commission (ASIC), which is a key requirement for Australia traders seeking a secure broker. FxPro Australia Limited holds AFSL 425703, while Tickmill Australia Pty Ltd holds AFSL 474738. ASIC regulation means client funds are held in segregated trust accounts with Australian banks, and leverage is capped at 30:1 for major forex pairs and 20:1 for minor pairs and indices. This protects retail clients from excessive risk. Both brokers are also members of the Australian Financial Complaints Authority (AFCA), giving you access to an external dispute resolution scheme. For professional traders, both brokers offer higher leverage under the wholesale client classification, but you must meet the asset and experience thresholds. Overall, ASIC regulation provides a strong safety net for Australia traders, with both brokers fully compliant.

Australia traders have convenient deposit and withdrawal options with both FxPro and Tickmill. Both brokers accept BPAY, POLi, Bank Transfer, and Credit Card (Visa/Mastercard). BPAY and POLi are particularly popular because they are instant, fee-free, and widely used by Australian banks. Bank transfers are free but may take 1-3 business days. Credit card deposits are instant but some card issuers may charge a cash advance fee (typically 1-3%). Tickmill also supports Skrill, Neteller, and UnionPay, while FxPro adds PayPal and Skrill. Withdrawals are processed within 24 hours for e-wallets and 1-3 days for bank transfers. Both brokers do not charge internal withdrawal fees, but your bank may apply a receiving fee for international wire transfers (though most Australia traders use BPAY or POLi to avoid this). Minimum deposit is $100 AUD for FxPro and $100 USD (approx. $150 AUD) for Tickmill. Always verify your account first to avoid delays.

Both FxPro and Tickmill offer Islamic (swap-free) accounts for Australia traders who require Sharia-compliant trading. These accounts do not charge or pay overnight interest on positions held beyond the daily rollover. FxPro's Islamic account is available on all account types (Standard, Raw+, and MT5) and must be requested during registration. Tickmill also offers Islamic accounts on its Classic and Raw accounts. Both brokers require proof of Muslim faith or a signed declaration. Importantly, ASIC does not prohibit Islamic accounts, but brokers must ensure compliance with Australian financial laws. For Australia traders, it's important to note that some brokers may charge an administration fee for keeping a position open beyond a certain number of days, but both FxPro and Tickmill have confirmed no such fees apply. If you hold long-term positions, an Islamic account can save significant costs.

FxPro offers 24/5 customer support via live chat, phone, and email, with a dedicated Australian phone line (+61 2 8015 4988). Tickmill also provides 24/5 support through live chat, email, and phone, but its Australian phone line is less prominently advertised. Both brokers have extensive FAQ sections and educational resources tailored to Australia traders. FxPro's support is slightly faster in response times, according to user feedback, while Tickmill's support is knowledgeable but can be slower during peak hours. For Australia traders, having a local phone number is a plus, and both brokers deliver adequate support for experienced traders.