Compare Saxo Bank Vs Tickmill: Which is the Better Forex Broker in 2024?
Saxo Bank Vs Tickmill, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Saxo Bank Vs Tickmill, here is the direct comparison:
Feature | Saxo Bank | Tickmill |
General Rating |
1.00/5 |
2.75/5 |
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Score | 50 | 71 | |
Trustpilot |
3.7/5 5565 users |
4.1/5 285 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1992 | 2014 | |
💲 Min Deposit | $2000 | $100 | |
⚖ Max Leverage | 1:200 | 1:500 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $1 | ||
💡 Min Position | 0.05 lot | 0.01 lot |
💳 Payment | Wire transfer and Credit/debit cards | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, QIWI, FasaPay, Crypto, Ethereum and Bank transfer | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese | Arabic, English, Spanish, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Thai, Vietnamese, Chinese |
🚪 Trade Now | Open Saxo Bank | Open Tickmill |
Testimonials
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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Tickmill: An honest broker for sure
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Tickmill: Why does my withdrawal failed?
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Tickmill: Dissapointed
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Tickmill: Smooth process all around
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Tickmill: your go to broker for beginner
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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See More Saxo Bank Testimonials
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See More Tickmill Testimonials
News
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Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
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Tickmill Forex Broker Partners with Capitalise.ai for Advanced Tools
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Tickmill Retains Best Commissions & Fees Award at ForexBrokers.com
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Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
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Saxo Bank Sees 23% Drop in FX Volume for January
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Saxo Bank Implements Fee Reductions, Slashing Costs for Clients
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Saxo Bank Forex Broker Concludes 2023 with Impressive Trading Volumes
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Saxo Bank Forex Broker Unveils Saxo Options Talk Podcast
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Tickmill UK Faces 50% Profit Slump in 2022
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Tickmill Partners with Lloyd's to Offer Client Funds Insurance up to $1 Million
Articles
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Comparing Tickmill Vs IC Markets Mobile App
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Comparing Tickmill VIP vs Pro Account
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How to Get Passive Income With Tickmill Partnership Program
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Your Simple Guide to Tickmill Pro Account
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Improve Your Trades with Tickmill Signal Centre
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Estimate Price after NFP to Get USD500 from Tickmill
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A Rewarding Way to Trade: Join Tickmill USD30 Welcome Bonus
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All You Need to Know about Tickmill Traders Club
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Which Tickmill Account Type is Right for You?
Bonus
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Saxo Bank provides their pricing with Fixed spread while Tickmill offers Variable spread.
Saxo Bank vs Tickmill: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Tickmill provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is Saxo Bank or Tickmill better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Crypto, while Tickmill presents the ability of trading with Forex, Gold & silver, CFD, Oil, Crypto, Indices, Commodities, Bonds, Stocks.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Saxo Bank and Tickmill:
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