Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Tickmill
8.6 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT TICKMILL
GO Markets
9.3 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT GO MARKETS
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

Tickmill is regulated by FSA SD008. Tickmill have provided Forex trading services since 2014.

GO Markets is regulated by the Financial Conduct Authority. GO Markets have provided Forex trading services since 2009.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Seychelles Melbourne, Australia Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No Yes Yes
CFD No Yes Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 50 48
Commodities Offered 21
Stocks Offered 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks No No Yes
Penny stocks No No Yes
Energies No No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes Yes Yes
Dow Jones No No Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd

See all instruments

Losses can exceed deposits

See all instruments

76% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac Yes Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No No Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English, Spanish, Russian, Chinese, Indonesian, and Vietnamese

English, French, Chinese, Spanish, and Arabic

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd

See platform & features

Losses can exceed deposits

See platform & features

76% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Tickmill and GO Markets

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account Yes Yes No
Islamic account Yes No Yes
Zero spread account Yes No No
VIP account Yes No Yes
Fixed spreads No No Yes
Variable spreads Yes Yes Yes
See account options

81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd

See account options

Losses can exceed deposits

See account options

76% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes No
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot Varies 0.01 Lot
Max trade None Varies 100 Lot
Min deposit $25 $1 $1

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts No Yes Yes
Signal trading Yes Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes Yes
Neteller Yes Yes Yes
Skrill No Yes Yes
Payment processing time Varies Varies Same day if requested before 1PM
Withdrawal processing time Varies Varies Same day if requested before 1PM
See all funding options

81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd

See all funding options

Losses can exceed deposits

See all funding options

76% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries AF, DZ, AO, BY, BA, BI, CF, CG, ER, GY, HT, IR, IQ, PS, PDR, LB, LR, LY, MM, KR DPRK, PA, PG, RU, SL, SO, SD, SY, UG, UA, VE, YE, ZW, IL, CA, PR, US, JP AF, DZ, AO, BY, BA, BI, CF, CG, ER, GY, HT, IR, IQ, PS, PDR, LB, LR, LY, MM, KR DPRK, PA, PG, RU, SL, SO, SD, SY, UG, UA, VE, YE, ZW, IL, CA, PR, US, JP US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number +65 3163 0958 2036377618 44 2036953085
Live Chat No No Yes
Website http://www.tickmill.com/ www.gomarkets.com www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.2 pips + $4.00 Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) 0.7 pips + $4.00 1.5 pips + $0.00 0.1 pips
USD/JPY (Average: 1.1 pips) 0.2 pips + $4.00 Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 0.4 pips + $4.00 1.3 pips + $0.00 0.2 pips
USD/CHF (Average: 2.3 pips) 0.7 pips + $4.00 Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 0.6 pips + $4.00 Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) 0.7 pips + $4.00 Not offered 0.3 pips
EUR/GBP (Average: 2.4 pips) 0.5 pips + $4.00 Not offered 0.1 pips
View all spreads

81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd

View all spreads

Losses can exceed deposits

View all spreads

76% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No No No
Commission No No Yes
Deposit Fee No fees Varies No
Withdrawal Fee No Varies No
View All Fees

81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd

View All Fees

Losses can exceed deposits

View All Fees

76% of retail investor accounts lose money when trading CFDs with this provider.

Featured In Best Brokers For Indices
Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Best Brokers For Expert Advisors
Best 5 Digit Brokers
Best Brokers With VPS
Best Brokers For Indices
Best FCA Regulated Brokers
Best Brokers That Accept PayPal
Best Forex Islamic Accounts
Best Litecoin Brokers
Best Brokers For Gold
Best Brokers For Copper
Last update

All information collected from http://www.tickmill.com/. Last updated on 01/11/2019.

All information collected from www.gomarkets.com. Last updated on 01/11/2019.

All information collected from www.xtb.com. Last updated on 01/11/2019.

Company

Tickmill is an online forex trading service provider who are regulated by the Financial Services Authority. To open an account with Tickmill, minimum deposits start from $25 or equivalent.

With Tickmill you can trade Forex, stocks, indices, commodities, CFDs and metals. If you like to trade on the go, Tickmill have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Tickmill offer MetaTrader 4, MetaTrader 4 for PC & MAC, MetaTrader 4 for Android & iOS, Virtual Private Server (VPS) platforms to make your trades and support 6 different languages.

The spreads offered by Tickmill for the most popular instruments are:
1 EUR/USD, 3 FTSE 100, 13 GOLD,
1.5 GBP/USD, 4 DOW/JONES, 4 Crude Oil,
see all the spreads here.



For more information about trading with Tickmill, we have put together an indepth Tickmill review with all the pros and cons about this broker.

GO Markets is an online forex trading service provider regulated by ASIC. To open an account with GO Markets, minimum deposits start from $200.

With GO Markets you can trade currencies, indices, commodities & physical bullion. If you like to trade on the go, GO Markets have iPhone and Android apps.

GO Markets offer MetaTrader 4, MetalDesk, Mobile Trading, MT4 Genesis, Trading Central, Autochartist, VPS platforms to make your trades and support two different languages.

The spreads offered by GO Markets for the most popular instruments are:
1.5 EUR/USD, 1.0 FTSE 100, 40.0 GOLD,
1.8 GBP/USD, 3.0 DOW/JONES, 50.0 Crude Oil,
see all the spreads here.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

Popular comparisons

Popular comparisons feat. Tickmill

Tickmill Alternatives

ETX Capital vs Tickmill
Core Spreads vs Tickmill
Plus500 vs XM
IG vs Tickmill
Avatrade vs Tickmill

Popular comparisons feat. GO Markets

GO Markets Alternatives

ETX Capital vs GO Markets
Core Spreads vs GO Markets
IG vs GO Markets
Plus500 vs XM
Zulutrade vs GO Markets

Popular comparisons feat. XTB

XTB Alternatives

XTB vs IG
XTB vs Plus500
XTB vs eToro
XTB vs Interactive Brokers
XTB vs XM

Tickmill or GO Markets?

Low spreads or offers Paypal ?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, Tickmill is likely a better option. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Tickmill and GO Markets to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Tickmill is regulated by Financial Conduct Authority, while GO Markets is regulated by ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Tickmill will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Tickmill has been around for 5 years, while GO Markets have been around for 10 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Tickmill and GO Markets use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Tickmill or GO Markets in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

GO Markets is more popular with over 10,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Tickmill and GO Markets are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Tickmill are based in Seychelles, while GO Markets are based in Melbourne, Australia .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Tickmill and GO Markets offer forex trading. GO Markets have a slightly larger variety of currency pairs with 50 pairs, compared to offered by Tickmill. Also, if you’re looking to trade cryptocurrencies,

neither Tickmill nor Tickmill offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Tickmill and GO Markets offer this. GO Markets also offer the new & improved MT5 platform. Our alternative broker, XTB, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Tickmill, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Tickmill does allow scalping and hedging. While GO Markets also allows scalping and hedging. You can trade with EAs (expert advisors) on both Tickmill and GO Markets.

In terms of risk management tools, neither Tickmill or GO Markets offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Tickmill also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Tickmill accept Neteller while GO Markets accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Tickmill and GO Markets both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Tickmill or GO Markets?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, GO Markets is more reliable based on our criteria above. GO Markets has a wider range of instruments to trade. GO Markets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.