Compare Tickmill Vs Octa: Which is the Better Forex Broker in 2024?
Tickmill Vs Octa, 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 Tickmill Vs Octa, here is the direct comparison:
Feature | Tickmill | Octa |
General Rating |
2.75/5 |
3.23/5 |
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Score | 71 | 78 | |
Trustpilot |
4.1/5 285 users |
4.5/5 7133 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2014 | 2011 | |
💲 Min Deposit | $100 | $25 | |
⚖ Max Leverage | 1:500 | 1:500 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $1 | ||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, QIWI, FasaPay, Crypto, Ethereum and Bank transfer | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers | |
🏢 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, English, Spanish, Indonesian, Korean, Malay, Polish, Portuguese, Russian, Thai, Vietnamese, Chinese | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
🚪 Trade Now | Open Tickmill | Open Octa |
Testimonials
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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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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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Octa: Smooth sailing
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Octa: Amazing experience overall
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Octa: I am frustated!!!!
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Octa: No complaint!
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Octa: Bad customer review
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Tickmill: An honest broker for sure
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See More Tickmill Testimonials
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See More Octa Testimonials
News
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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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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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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Octa Claims Most Reliable Broker in Asia at Global Forex Awards 2023
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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
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Tickmill Welcomes Cricket Coach Jonty Rhodes as Brand Ambassador
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OctaFX Rebrands to Octa with Global Campaign
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Use a Special Code to Get OctaFX 100 Percent Deposit Bonus
Articles
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Octa Recap in 2023: A Performance Review
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Join OctaFX Demo Contest, Win $1000 in Total
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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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Unlock Special Benefits and Rewards Using OctaFX Status Program
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Increase Your Funds with OctaFX 50% Deposit Bonus
Bonus
Contests
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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, Tickmill provides their pricing with Variable spread while Octa offers Variable spread.
Tickmill vs Octa: 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, Tickmill enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Octa provides trading with MetaTrader 4, MetaTrader 5, Web, Social trading with the support of One-click trading, Trailing stop, Pending orders.
Is Tickmill or Octa 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, Tickmill supports trading with Forex, Gold & silver, CFD, Oil, Crypto, Indices, Commodities, Bonds, Stocks, while Octa presents the ability of trading with Forex, Gold & silver, Indexes, Energies, Crypto, Oil.
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 Tickmill and Octa:
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- Compare Octa vs Array
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- Compare Octa vs Array
For more comparisons, visit this page.