FXTM vs Tickmill: Which Broker Is Better for Norway Traders in 2026?

For Norwegian traders, trading costs are a critical factor, especially for those trading high volumes. Tickmill offers lower spreads on its Raw account (from 0.0 pips with a $3 per side commission), making it ideal for scalpers and day traders. FXTM’s Standard account has spreads from 1.3 pips with no commission, while its ECN account offers spreads from 0.1 pips with a commission. Over 100 lots per month, Tickmill’s cost advantage becomes significant, potentially saving hundreds of dollars in spreads. However, FXTM’s no-commission accounts may suit beginners who trade less frequently.

Both brokers offer MetaTrader 4 and MetaTrader 5, the industry-standard platforms that Norwegian traders widely use for their advanced charting, automated trading, and custom indicators. FXTM also provides its proprietary FXTM Trader app for mobile trading, which is user-friendly for on-the-go access. Tickmill focuses solely on MT4/MT5, ensuring a streamlined experience without extra features. For Norwegian traders who value simplicity and low latency, Tickmill’s platform is sufficient. Those wanting a branded mobile experience may prefer FXTM.

Both brokers offer fast execution speeds suitable for Norwegian traders. FXTM uses ECN and STP execution, with average speeds of 40-60 ms. Tickmill boasts execution speeds under 40 ms on its Raw account, making it slightly better for scalpers. Both have no requotes and offer low latency, but Tickmill’s infrastructure is optimized for high-frequency trading. For most retail traders in Norway, the difference is negligible.

Neither FXTM nor Tickmill is regulated by Norway’s local financial regulator, but both hold licenses from respected authorities. FXTM is regulated by the FCA (UK), CySEC (Cyprus), and FSA (Seychelles), offering strong investor protection. Tickmill is regulated by the FCA, CySEC, and FSA (Seychelles) as well, with additional oversight from the Labuan FSA. For Norwegian traders, this means client funds are segregated, and negative balance protection is provided under certain entities. While not locally regulated, both brokers maintain high standards of safety and transparency.

Norwegian traders have flexible deposit and withdrawal options at both brokers. Bank Transfer is available for larger sums, though processing takes 1-3 business days. Skrill and Neteller offer instant deposits and withdrawals with low fees, ideal for active traders. USDT TRC20 is a standout option for crypto-savvy Norwegians, providing near-instant transactions with minimal costs. FXTM processes withdrawals within 24 hours for e-wallets, while Tickmill is similarly fast. Both brokers have no deposit fees, but withdrawal fees may apply for bank transfers. Minimum deposits are low: $10 at FXTM and $100 at Tickmill, making both accessible.

Both FXTM and Tickmill offer Islamic (swap-free) accounts for Norwegian Muslim traders who require Sharia-compliant trading. FXTM provides swap-free accounts on Standard, Cent, and ECN accounts, though some instruments may have a time limit on swap-free status (e.g., 30 days for certain CFDs). Tickmill offers Islamic accounts on request for all account types, with no swap charges on overnight positions for forex and metals. Norwegian traders should confirm account eligibility and any restrictions before opening.

FXTM offers 24/5 multilingual customer support via live chat, email, and phone, with a dedicated Norwegian-language team available during European hours. Tickmill also provides 24/5 support with English and Scandinavian language options, though response times can be slower during peak hours. For Norwegian traders, FXTM’s localized support is a slight advantage, while Tickmill’s support is competent but less tailored.