4.5
4.5
8 pts
Head to head
Winners by category
Full comparison table
Rating
Saxo Bank
4.5
Tickmill
4.5
Model score
Saxo Bank
80
Tickmill
88
Regulation
Saxo Bank
Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan).
Tickmill
FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), Labuan FSA (Malaysia)
Spreads
Saxo Bank
Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity.
Tickmill
Spreads from 0.0 pips on Pro and VIP accounts; average EUR/USD spread ~0.1 pips (+ commission). Equinix LD4 server routing provides low-latency execution under 0.20 seconds.
Fees
Saxo Bank
Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts.
Tickmill
Pro Account: $2 per side ($4 round turn) per 100,000 traded + raw spreads from 0.0 pips. VIP Account: $1 per side ($2 round turn) per lot. Classic Account: Spread-only with zero commission.
Platforms
Saxo Bank
Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals).
Tickmill
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Tickmill Mobile App, WebTrader
Account types
Saxo Bank
Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads.
Tickmill
Pro, Classic, VIP, Islamic (Swap-Free), Demo Account
Min deposit
Saxo Bank
$0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points).
Tickmill
$100 (Pro & Classic) / $50,000 (VIP)
| Topic | Saxo Bank | Tickmill |
|---|---|---|
| Rating | 4.5 | 4.5 |
| Model score | 80 | 88 |
| Regulation | Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan). | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), Labuan FSA (Malaysia) |
| Spreads | Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity. | Spreads from 0.0 pips on Pro and VIP accounts; average EUR/USD spread ~0.1 pips (+ commission). Equinix LD4 server routing provides low-latency execution under 0.20 seconds. |
| Fees | Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts. | Pro Account: $2 per side ($4 round turn) per 100,000 traded + raw spreads from 0.0 pips. VIP Account: $1 per side ($2 round turn) per lot. Classic Account: Spread-only with zero commission. |
| Platforms | Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals). | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Tickmill Mobile App, WebTrader |
| Account types | Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads. | Pro, Classic, VIP, Islamic (Swap-Free), Demo Account |
| Min deposit | $0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points). | $100 (Pro & Classic) / $50,000 (VIP) |