FXTM vs Tickmill Australia: A Detailed Comparison for 2026

For Australia traders, trading costs are a crucial factor. Tickmill offers lower spreads on its Raw account, starting from 0.0 pips with a $3 commission per lot per side, making it ideal for high-volume traders. FXTM's spreads start from 1.3 pips on its Standard account, with no commission, but the effective cost is higher for frequent traders. For example, trading 10 lots per month on EUR/USD, Tickmill's total cost is approximately $60 AUD in commissions, while FXTM's spread cost is around $130 AUD. Both brokers have no hidden fees, but Tickmill's cost advantage is clear for scalpers and day traders.

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely used by Australia traders for their advanced charting and automated trading capabilities. FXTM also provides its proprietary FXTM Trader app for mobile trading, while Tickmill focuses on MT4/MT5 with a clean interface. For Australia traders, the choice often comes down to personal preference: FXTM's additional tools like Trading Central and Autochartist are valuable for analysis, while Tickmill's platform is lightweight and fast. Both support VPS for automated trading.

Execution quality is vital for Australia traders, especially scalpers. Tickmill offers faster execution with an average speed of 0.05 seconds and no requotes, thanks to its low-latency servers. FXTM also provides fast execution, but its average is around 0.1 seconds. Both brokers use No Dealing Desk (NDD) execution, ensuring transparency. Tickmill is slightly better for high-frequency trading, while FXTM is reliable for standard trading.

Regulation is a top priority for Australia traders, and both FXTM and Tickmill are licensed by ASIC. FXTM holds ASIC license number 472631, while Tickmill holds license number 472630. This means both adhere to strict Australian financial laws, including client fund segregation and participation in the Financial Ombudsman Service (FOS). For Australia traders, this provides peace of mind, as funds are held in separate accounts and are protected up to $1 million AUD under the Professional Indemnity Insurance scheme. Both brokers also comply with leverage restrictions, offering up to 30:1 for retail clients.

Australia traders can deposit and withdraw funds using BPAY, POLi, Bank Transfer, and Credit Card at both FXTM and Tickmill. BPAY and POLi are particularly convenient for local traders, offering instant deposits with no fees. Bank transfers may take 1-3 business days, while credit card deposits are instant but may incur a small fee (typically 1-2%). FXTM has a minimum deposit of $50 AUD, while Tickmill requires $100 AUD. Withdrawals are processed within 24 hours at both brokers, with bank transfers taking 1-3 days. Tickmill offers free withdrawals, while FXTM charges a small fee for certain methods. Both brokers support AUD accounts, eliminating currency conversion costs.

For Australia Muslim traders seeking Sharia-compliant trading, both FXTM and Tickmill offer Islamic (swap-free) accounts. FXTM provides Islamic accounts on request for all account types, with no swap fees on overnight positions. Tickmill offers Islamic accounts on Standard and Raw accounts, requiring a declaration of faith. Both brokers ensure no interest is charged or earned, aligning with Islamic principles. Australia traders should request these accounts via customer support, and both brokers process requests within 24 hours. Note that some instruments may have limited availability on Islamic accounts.

Both brokers offer 24/5 customer support, which suits Australia traders in the AEST timezone. FXTM provides live chat, email, and phone support in English, with faster response times (under 30 seconds on live chat). Tickmill also offers live chat and email, but phone support is limited to business hours. FXTM has a slight edge with a dedicated Australia phone number, while Tickmill relies on international lines. Both have comprehensive FAQ sections on their websites.