FP Markets vs Tickmill

Quick Answer

Best for	Winner	Why
Starting small	FP Markets	No stated minimum against $100
No inactivity fee	FP Markets	Tickmill: Not stated on its public pages, though its terms reserve the right to charge one
cTrader	FP Markets	Tickmill doesn’t offer it

A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.

Comparison Table

	FP Markets	Tickmill
Operating since	2005	2014
Company for international clients	FP Markets Ltd, registered in Saint Lucia (a registration, not a licence)	Tickmill Ltd, licensed by the FSA in Seychelles (SD008)
Regulators in the group	ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration	FCA, CySEC, FSCA, FSA Seychelles (plus a DFSA representative office in Dubai)
Minimum deposit	None stated	$100
Commission-free spreads	Standard from 1.0 pip (EUR/USD average 1.2)	Classic from 1.6 pips
Raw-spread account	Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side	Raw from 0.0 pips plus $3 per side
Maximum leverage	1:500	1:1000 at Tickmill Ltd (Seychelles); 1:30 on major pairs for UK and EU retail clients
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, TradingView, Tickmill Trader
Copy trading	Social Trading on MT4 and MT5; cTrader Copy	Tickmill Social Trading on MT4 and MT5 (free to copy; strategy providers can take up to 50% of your profits)
Inactivity fee	None	Not stated on its public pages, though its terms reserve the right to charge one
Withdrawal fee	None on bank wires from FP Markets	None from Tickmill (minimum withdrawal 25 in your account currency)
Swap-free	Islamic accounts with admin fees after a grace period	Swap-free Islamic option on every account
Bonus	None; Refer a Friend only	$30 Welcome Account (not in the EU)

Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.

Regulation and Safety

FP Markets’ group is regulated by ASIC in Australia and CySEC in Cyprus, and its site also names the FSCA in South Africa and the FSA in Seychelles. Many international clients, however, are placed with FP Markets Ltd, which is registered in Saint Lucia and is not a member of an investor compensation fund.

Tickmill’s group holds licences from the FCA in the UK (717270), CySEC in Cyprus (278/15), the FSCA in South Africa (FSP 49464) and the FSA in Seychelles (SD008). Most international clients join Tickmill Ltd in Seychelles. Tickmill segregates client money, applies negative balance protection and insures funds through Lloyd’s for $20,000 to $1,000,000 per client if the firm becomes insolvent; UK clients also have FSCS cover and EU clients the Investor Compensation Fund.

Both groups hold top-tier licences, but those protect only the clients of the licensed companies. What matters is which company your country places you with, so check your client agreement before you deposit.

Trading Costs

On commission-free accounts, FP Markets lists: Standard from 1.0 pip (EUR/USD average 1.2). Tickmill lists: Classic from 1.6 pips. “From” figures are minimums, so expect wider live spreads, especially around news.

Both offer a raw-spread account. FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side. Tickmill: Raw from 0.0 pips plus $3 per side. For frequent traders, a raw account usually costs less per trade than a spread-only one.

FP Markets lists no inactivity fee. Tickmill’s inactivity fee: not stated on its public pages, though its terms reserve the right to charge one. Withdrawal fees: FP Markets: none on bank wires from FP Markets; Tickmill: none from Tickmill (minimum withdrawal 25 in your account currency).

Platforms and Copy Trading

FP Markets offers MT4, MT5, cTrader and TradingView. Tickmill offers MT4, MT5, TradingView and Tickmill Trader.

FP Markets’s copy trading: Social Trading on MT4 and MT5; cTrader Copy. Tickmill’s copy trading: Tickmill Social Trading on MT4 and MT5 (free to copy; strategy providers can take up to 50% of your profits). Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.

Leverage

FP Markets’s maximum leverage: 1:500. Tickmill’s: 1:1000 at Tickmill Ltd (Seychelles); 1:30 on major pairs for UK and EU retail clients.

A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.

Which One Should You Choose?

Go with FP Markets if:

• You trade often and want raw spreads with a low commission
• You want cTrader or TradingView
• You want a group with ASIC and CySEC licences

Go with Tickmill if:

• You want FCA or CySEC regulation in the group
• You trade often and want raw spreads at $3 per side
• You want a free TradingView plan as an active trader

Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.

FAQ

Which has the lower minimum deposit, FP Markets or Tickmill? FP Markets. FP Markets: none stated. Tickmill: $100.

How are FP Markets and Tickmill regulated? FP Markets’s international clients deal with FP Markets Ltd, registered in Saint Lucia (a registration, not a licence). Tickmill’s deal with Tickmill Ltd, licensed by the FSA in Seychelles (SD008). Group regulators: FP Markets: ASIC, CySEC, FSCA, FSA Seychelles, CMA Kenya; Saint Lucia registration; Tickmill: FCA, CySEC, FSCA, FSA Seychelles (plus a DFSA representative office in Dubai).

Which is cheaper to trade with? It depends on the account. Commission-free: FP Markets: Standard from 1.0 pip (EUR/USD average 1.2); Tickmill: Classic from 1.6 pips. Raw accounts: FP Markets: Raw from 0.0 pips (EUR/USD average 0.1) plus US$3 per side; Tickmill: Raw from 0.0 pips plus $3 per side.

Does either charge an inactivity fee? FP Markets: none. Tickmill: not stated on its public pages, though its terms reserve the right to charge one.

Do both offer copy trading? FP Markets: Social Trading on MT4 and MT5; cTrader Copy. Tickmill: Tickmill Social Trading on MT4 and MT5 (free to copy; strategy providers can take up to 50% of your profits).

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