FP Markets vs Tickmill – Which broker is better in 2024?

2024/5/18 12:59:55


In the dynamic world of Forex trading, choosing the right broker is paramount for success. This article provides an in-depth comparison of two prominent brokers in 2024: FP Markets and Tickmill. We will explore their features, offerings, and overall value to traders, using industry trends, data, and user feedback to guide potential and current traders in making an informed decision.

Comparative Analysis of FP Markets and Tickmill

1. Regulatory Compliance and Security

  • FP Markets: Regulated by ASIC and CySEC, FP Markets is known for its stringent adherence to regulatory standards, providing traders with a secure trading environment.

  • Tickmill: Similarly, Tickmill holds licenses from the FCA, CySEC, and other regulatory bodies, ensuring high security and compliance standards.

Both brokers offer a high level of security, but the specific regulatory body may influence a trader’s preference depending on their location and regulatory trust.

2. Trading Platforms and Tools

  • FP Markets: Offers both MetaTrader 4 and MetaTrader 5, along with Iress, a platform known for its advanced trading tools and analytics.

  • Tickmill: Provides MetaTrader 4 and MetaTrader 5, focusing on these platforms to offer specialized trading tools and EAs for automated trading.

While both brokers provide access to industry-standard platforms, FP Markets offers a broader range of trading tools through the addition of Iress.

3. Account Types and Pricing

  • FP Markets: Known for competitive spreads starting from 0.0 pips on its ECN account and low commission rates. Offers both standard and raw accounts.

  • Tickmill: Features low spreads and a highly competitive commission structure, especially attractive in its Pro and VIP accounts.

FP Markets tends to offer a more flexible account structure, catering to a broader range of traders, while Tickmill is highly competitive in terms of costs for high-volume traders.

4. Customer Support and Educational Resources

  • FP Markets: Praised for its comprehensive educational resources, including webinars, ebooks, and articles that cater to both beginners and advanced traders.

  • Tickmill: Also offers strong educational support but shines with its customer service, providing quick and helpful responses across various platforms.

Both brokers invest heavily in trader education and support, but FP Markets may have a slight edge in educational content diversity.

5. Market Reach and Additional Features

  • FP Markets: Provides access to a wider range of markets beyond Forex, including stocks, commodities, and indices.

  • Tickmill: Focuses more on Forex and derivatives, with some access to additional markets like bonds and commodities.

Traders looking for a broader market portfolio might prefer FP Markets for its diverse offering.

User Feedback and Market Reputation

According to recent surveys and user reviews, both FP Markets and Tickmill score highly in trader satisfaction. However, nuances in trader preference emerge based on specific needs such as platform usability, market reach, and the specifics of account types. For example, some traders prefer Tickmill for its slightly better conditions on Forex markets, while others favor FP Markets for its diverse market options and trading platforms.


Choosing between FP Markets and Tickmill in 2024 largely depends on a trader's specific needs. FP Markets offers a wider range of markets and trading platforms, making it suitable for traders who value diversity and comprehensive trading tools. Tickmill, on the other hand, may appeal more to Forex-focused traders looking for competitive costs and excellent service.

Both brokers are commendable, but your final choice should align with your trading strategy, preferred markets, and the importance of cost versus market variety.

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Further reading

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