Oanda vs Tickmill for Norway Traders (2026): Detailed Comparison
Which broker is better for Norway traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Norway Traders
For Norway traders navigating the forex market, choosing between Oanda and Tickmill is a critical decision. Oanda, with a score of 3.6/5, is a well-established broker known for its robust trading platform and regulatory compliance. Tickmill, scoring 4/5, stands out for its ultra-low spreads and competitive trading conditions. Both brokers accept Norway clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits and withdrawals convenient. However, Norway traders should consider factors like spread costs, platform features, and regulatory oversight. The local financial regulator does not directly supervise these brokers, so traders must rely on international licenses. This comparison breaks down the key differences to help you decide which broker aligns with your trading style, whether you prioritize low costs or user-friendly tools.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | Oanda | 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 | $0 | $100 | Oanda |
For Norway traders, trading costs are a major factor. Tickmill offers spreads from 0.0 pips on its Pro account with a $3 per lot commission, making it ideal for high-volume traders. Oanda's spreads are variable and typically higher, averaging 1.2 pips on EUR/USD. Over 100 trades per month, Tickmill can save Norway traders hundreds of dollars in spreads. Tickmill also has no hidden fees, while Oanda charges inactivity fees after 12 months. For scalpers and day traders, Tickmill's cost advantage is clear.
Account Types Comparison
| Account Type | Oanda | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $0 | $100 |
Leverage Comparison - Norway Traders
| Entity / Asset | Oanda | Tickmill |
|---|---|---|
| Norway (offshore) | Up to 1:100 | Up to 1:1000 |
| Forex major pairs | 1:100 | 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 | Oanda | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Oanda |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Oanda |
| Crypto CFDs | ✗ | ✗ | Oanda |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | Oanda | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer MetaTrader 4 (MT4), a favorite among Norway traders for its advanced charting and automated trading. Oanda also provides its proprietary platform, fxTrade, which is intuitive for beginners and includes advanced order types. Tickmill focuses solely on MT4 and MT5, ensuring a streamlined experience for experienced traders. Norway traders who value customization may prefer Tickmill's MT4, while Oanda's fxTrade is better for those new to forex.
Execution Quality - Speed & Slippage
| Factor | Oanda | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | Oanda |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Tickmill offers ultra-fast execution with an average speed of 0.2 seconds, ideal for scalpers and high-frequency traders. Oanda's execution is reliable but slightly slower, averaging 0.5 seconds. Tickmill uses No Dealing Desk (NDD) execution, ensuring no requotes, while Oanda uses a hybrid model. For Norway traders prioritizing speed, Tickmill is superior.
Regulation & Safety for Norway Traders
| Safety Factor | Oanda | Tickmill |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Oanda is regulated by top-tier authorities like the FCA, CFTC, and ASIC, offering strong investor protection. Tickmill is regulated by the FCA, CySEC, and FSA, with negative balance protection. Neither broker is directly supervised by the local financial regulator in Norway, so traders should consider the broker's international reputation. Oanda's multi-regulator status provides extra security, while Tickmill's FCA regulation ensures a high level of trust.
Deposits & Withdrawals for Norway
| Payment Method | Oanda | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | 1 to 5 business days | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Norway traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both brokers. Oanda has no minimum deposit, making it accessible for small accounts. Tickmill requires a $100 minimum deposit. Deposits via e-wallets are instant, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours for e-wallets and crypto, and 2-5 days for bank transfers. Tickmill charges no withdrawal fees, while Oanda may impose fees on certain methods. USDT TRC20 is a convenient option for crypto users.
Islamic Accounts - Swap-Free for Norway Muslims
| Islamic Account Feature | Oanda | 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 Oanda and Tickmill offer Islamic (swap-free) accounts for Norway Muslim traders. Oanda provides swap-free status on request, applicable to all account types. Tickmill automatically offers it on Classic and Raw accounts, but not on Pro accounts. No additional fees are charged, but swap-free accounts may have limited trading periods for certain instruments. Norway traders should confirm conditions before opening an account.
Customer Support Comparison
| Support Feature | Oanda | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Oanda |
Oanda offers 24/5 customer support via live chat, email, and phone, with a dedicated Norwegian-language support team. Tickmill provides 24/5 support in English, with live chat and email. Tickmill's response times are faster (under 2 minutes), while Oanda's support is more comprehensive for Norwegian speakers. For Norway traders needing local language assistance, Oanda is better.
Mobile App Comparison
| Mobile Feature | Oanda | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Oanda |
| Google Play rating | 4.3 stars | 4.2 stars | Oanda |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | Oanda |
Education & Research Tools
| Resource | Oanda | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | Oanda |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Oanda |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
Oanda
Tickmill
Who Should Use Which Broker? - Norway Guide
Choose Oanda if you...
- Are a beginner trader looking for an intuitive platform like fxTrade
- Prefer no minimum deposit to start trading
- Value top-tier regulation from FCA, CFTC, and ASIC
- Need Norwegian-language customer support
Choose Tickmill if you...
- Are an active trader seeking ultra-low spreads from 0.0 pips
- Use MetaTrader 4 or 5 for advanced trading
- Want fast execution for scalping and day trading
- Prefer fee-free withdrawals and instant deposits via e-wallets
FAQ - Oanda vs Tickmill in Norway
Final Verdict - Norway 2026
For Norway traders, Tickmill is the better choice overall due to its lower spreads, faster execution, and higher score (4/5). It offers cost-effective trading for active traders using Bank Transfer, Skrill, Neteller, or USDT TRC20. Oanda remains a solid option for beginners or those needing Norwegian-language support, with no minimum deposit and strong regulation. However, both brokers are not directly overseen by the local financial regulator, so Norway traders should trade cautiously. If you prioritize low costs and speed, choose Tickmill; if you want a user-friendly platform with educational resources, choose Oanda.