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.

Tradeo
9 /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 TRADEO
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
eToro
8.7 /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 ETORO
About

Tradeo is regulated by CySEC and have provided Forex, CFD, and social trading services since 2011.

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

eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 66% of retail CFD accounts lose money

Why choose them?
  • Yes Over 7 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC, ASIC
Headquarters Limassol, Cyprus Seychelles Limassol, Cyprus

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No No
Social Trading Yes No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 41 47
Commodities Offered 70 6
Stocks Offered 0 957
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No No
Energies No No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE No Yes Yes
Dow Jones No No No
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No No Yes
IPO No No No
See all instruments

80% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

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

See all instruments

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

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

APPS

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

English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French

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

English, German, Spanish, French, and Italian

See platform & features

80% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

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

See platform & features

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ACCOUNT INFORMATION

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

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

80% of retail investor accounts lose money when trading CFDs with this provider

See account options

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

See account options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

TRADING CONDITIONS

Scalping Yes Yes No
Hedging Yes Yes No
Expert advisors (EAs) Yes Yes No
Virtual private server No Yes No
Direct market access No Yes No
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot $25
Max trade None None 20% of equity
Min deposit $250 $25 $200

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes No 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 No Yes
Neteller Yes Yes Yes
Skrill No No Yes
Payment processing time Varies Varies Varies
Withdrawal processing time Varies Varies Varies
See all funding options

80% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

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

See all funding options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

DETAILED INFO

Excluded countries EU countries, AU, US EU countries, AU, US IR, KP, BE, CA, JP, SY, TR, IL
Contact email Send Email Send Email Send Email
Phone number 44-203-695-8555 +65 3163 0958 44-866-350-0881
Live Chat No No Yes
Website https://tradeo.com/ http://www.tickmill.com/ www.etoro.com
Spreads:
EUR/USD (Average: 0.7 pips) 2.7 pips 0.2 pips + $4.00 3.0 pips
GBP/USD (Average: 1.1 pips) 4.0 pips 0.7 pips + $4.00 4.0 pips
USD/JPY (Average: 1.1 pips) 3.5 pips 0.2 pips + $4.00 2.0 pips
AUD/USD (Average: 0.8 pips) 3.1 pips 0.4 pips + $4.00 1.0 pips
USD/CHF (Average: 2.3 pips) 3.7 pips 0.7 pips + $4.00 3.0 pips
USD/CAD (Average: 2.9 pips) 4.1 pips 0.6 pips + $4.00 3.0 pips
NZD/USD (Average: 3.6 pips) 4.5 pips 0.7 pips + $4.00 5.0 pips
EUR/GBP (Average: 2.4 pips) 3.7 pips 0.5 pips + $4.00 4.0 pips
View all spreads

80% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

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

View all spreads

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FEES

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

80% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

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

View All Fees

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Last update

All information collected from https://tradeo.com/. Last updated on 01/10/2019.

All information collected from http://www.tickmill.com/. Last updated on 01/10/2019.

All information collected from www.etoro.com. Last updated on 01/10/2019.

Company

Tradeo focuses on transparency, flexibility and reliability to provide traders a positive platform for their trading experience. Tradeo has been featured on many leading publications including TechCrunch, Mashable, The Wall Street Journal and the Dow Jones to name a few.

As a STP Broker, Tradeo does not make their profits based up client losses, they are paid based upon the volume based commissions so their success is tied with their traders success. With no conflict of interest between Tradeo and their traders you can be rest assured that Tradeo values providing the best trading conditions possible through competitive pricing and fast, transparent execution.

The social side of Tradeo allows you to view other traders activities and share your own and receive feedback from the community. Tradeo also allows traders to automatically copy the trading strategies of the leading traders and benefit from the expertise of the top traders.

If you value bank level security, CySec Regulation, transparent pricing and 24 hour support, Tradeo is the broker for you.

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

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.

Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide.

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

Popular comparisons

Popular comparisons feat. Tradeo

Tradeo Alternatives

ETX Capital vs Tradeo
Core Spreads vs Tradeo
Plus500 vs Tradeo
IG vs Tradeo
Avatrade vs Tradeo

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. eToro

eToro Alternatives

eToro vs Tradeo
eToro vs Stock.com
eToro vs Plus500
eToro vs IG
eToro vs Zulutrade

Tradeo or Tickmill?

A wide range of instruments or low spreads?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Tradeo is likely the better option out of these brokers. However, if you want a broker with lower spreads on currency pairs like EUR/USD, Tickmill may be more appropriate.

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 to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Tradeo is regulated by CySEC, while Tickmill is regulated by Financial Conduct Authority.

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.

eToro 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.

Tradeo has been around for 8 years, while Tickmill have been around for 5 years. Our third alternative broker, eToro, have been around for 13 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 Tradeo and Tickmill 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 Tradeo or Tickmill 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.

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 Tradeo and Tickmill 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.

Tradeo are based in Limassol, Cyprus, while Tickmill are based in Seychelles .

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 Tradeo and Tickmill offer forex trading. Tradeo have a slightly larger variety of currency pairs with 41 pairs, compared to offered by Tickmill. Also, if you’re looking to trade cryptocurrencies, Tradeo offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, Tradeo may be a better fit as Tickmill does not offer commodity trading.

Tradeo also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

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 Tradeo and Tickmill offer this.

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.

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

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

Tradeo also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Tradeo accept Neteller while Tickmill accept Neteller.

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, Tradeo and Tickmill both charge 0.00 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: Tradeo or Tickmill?

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

Objectively, Tickmill is more reliable based on our criteria above. Tradeo has a wider range of instruments to trade. Tradeo 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.