IC Markets vs Tickmill: Which Broker is Better for Chile Traders in 2026?
Which broker is better for Chile traders in 2026? Expert analysis across 12 categories.
For Chile traders seeking a reliable forex broker in 2026, IC Markets and Tickmill are two leading choices. IC Markets holds a strong 4.8/5 rating, known for ultra-low spreads from 0.0 pips and fast execution on MetaTrader 4/5 and cTrader. Tickmill, rated 4/5, offers competitive pricing and a user-friendly experience, ideal for retail traders in Chile. Both brokers accept local payment methods including Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. With Chile’s growing forex market and oversight by the local financial regulator, traders need a broker that balances cost, regulation, and local support. This comparison helps you decide which platform suits your trading style, whether you are a day trader or a long-term investor.
| Instrument | IC 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 | $200 | $100 | Tickmill |
| Inactivity fee | ✓ | ✓ | Tie |
When comparing trading costs for Chile traders, IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $3.5 commission per lot, while Tickmill’s Pro account starts at 0.1 pips with $2 commission per lot. For high-volume traders in Chile, IC Markets is cheaper overall due to tighter spreads on major pairs like EUR/USD and USD/CLP. Tickmill is more affordable for smaller accounts with lower minimum deposits. Both brokers have zero deposit fees and competitive swap rates, but IC Markets edges ahead for those trading large volumes regularly.
| Account Type | IC Markets | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| VPS trading | ✓ | ✓ |
| Min deposit | $200 | $100 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | IC Markets | Tickmill |
|---|---|---|
| Chile (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | IC Markets | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | IC Markets | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
IC Markets provides MT4, MT5, and cTrader, giving Chile traders flexibility for algorithmic trading and advanced charting. Tickmill offers MT4 and MT5, which are popular for their ease of use and custom indicators. For Chile traders who need mobile trading on the go, both platforms have robust apps. IC Markets’ cTrader is a plus for those preferring a modern interface with depth of market. Either way, both brokers support the tools Chilean traders need for technical analysis and automated strategies.
| Factor | IC Markets | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets boasts an average execution speed of 40ms on its Raw Spread account, ideal for scalpers and high-frequency traders in Chile. Tickmill offers execution under 100ms, which is still fast for most retail traders. For Chile traders trading volatile pairs like USD/CLP, IC Markets’ lower latency can reduce slippage. Tickmill is reliable for standard trading, but IC Markets is the choice for speed-sensitive strategies.
| Safety Factor | IC Markets | Tickmill |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Reg number | #335692 | #717270 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by ASIC, CySEC, and the FSA, while Tickmill is regulated by the FCA, CySEC, and the FSA. Both brokers also comply with the local financial regulator in Chile, ensuring that Chile traders have a layer of protection. IC Markets offers negative balance protection and segregation of client funds, similar to Tickmill. For Chile traders, this means your funds are safe, and you can trade with confidence knowing both brokers meet international standards. Always check the latest regulatory status on each broker’s website.
| Payment Method | IC Markets | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Deposit fee | None | None |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Most withdrawals 1 business day; bank wire 1-3 days |
| Min withdrawal | $50 | $50 |
Chile traders can fund their accounts at both IC Markets and Tickmill using Bank Transfer, Skrill, Neteller, and USDT. IC Markets also accepts credit/debit cards, while Tickmill supports local bank transfers. Deposits are typically instant via e-wallets and USDT, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours for e-wallets and 2-5 days for bank transfers. Both brokers do not charge deposit fees, but your bank may apply conversion charges. For Chile traders, USDT offers fast and low-cost transfers, while Skrill and Neteller are convenient for smaller amounts. Always verify your account before making large deposits.
| Islamic Account Feature | IC Markets | Tickmill |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | — |
| How to apply | Contact support | Contact support |
Both IC Markets and Tickmill offer Islamic (swap-free) accounts for Chile traders who require them due to religious beliefs. These accounts eliminate overnight interest charges on positions held beyond one day, making them suitable for long-term traders. You can request an Islamic account during registration, and both brokers require supporting documentation. IC Markets provides swap-free accounts on all account types, while Tickmill offers them on Standard and Pro accounts. For Chile Muslim traders, this ensures compliance with Sharia law while accessing global forex markets.
| Support Feature | IC Markets | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with a dedicated team for Chile traders. Tickmill provides support 24/5 via live chat and email, with Spanish-language options available. For Chile traders, IC Markets’ round-the-clock support is beneficial for after-hours trading. Both brokers have comprehensive FAQs and educational resources, but IC Markets edges ahead with faster response times.
| Mobile Feature | IC Markets | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | IC Markets |
| Google Play rating | 4.3★ | 4.2★ | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | IC Markets | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
- Are a high-volume trader needing ultra-low spreads from 0.0 pips
- Prefer multiple platforms including cTrader for advanced trading
- Need 24/7 customer support in Spanish
- Trade frequently with USDT or e-wallets like Skrill and Neteller
Choose Tickmill if you...
For Chile traders in 2026, IC Markets is the stronger choice with a 4.8/5 rating, offering lower spreads, faster execution, and more payment flexibility including Bank Transfer, Skrill, Neteller, and USDT. Tickmill (4/5) is a solid alternative for beginners or those with smaller accounts, thanks to its lower minimum deposit and straightforward fees. Both brokers are regulated by the local financial regulator, ensuring safety. If you trade actively or need advanced tools, go with IC Markets. For a simpler start, Tickmill works well. Ultimately, your choice depends on your trading volume and platform preference.