Is TMGM a better overall choice than Tickmill?

According to our independent rating system, TMGM edges out Tickmill overall with a 3.5/5 score compared to 3.3/5. TMGM's advantage comes largely from its tier-1 ASIC and FCA regulation, broader market access including stocks, and slightly longer operating history. However, Tickmill remains competitive for traders who prioritise multi-jurisdiction regulatory coverage.

Which broker has cheaper trading costs, TMGM or Tickmill?

Both brokers advertise spreads starting from 0 pips, but their commission structures differ. TMGM charges $3.5 per lot, while Tickmill charges a lower $2 per lot, making Tickmill potentially more cost-effective for high-volume or scalping traders despite TMGM's higher overall rating.

How much money do I need to open an account with TMGM or Tickmill?

Both brokers require a minimum deposit of $100, meaning there is no difference in initial capital accessibility. This makes the entry-level cost identical regardless of which broker you choose.

Which broker offers stronger regulatory protection?

TMGM is regulated by ASIC and the FCA, two tier-1 regulators known for strict oversight. Tickmill holds licences from the FCA, CySEC, and FSCA, offering broader jurisdictional coverage but including one lighter-touch regulator. Overall, TMGM's dual tier-1 licensing is generally viewed as offering stronger investor protection.

Do TMGM and Tickmill support the same trading platforms?

Yes, both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their primary trading platforms. Neither broker currently offers a fully proprietary trading platform outside of these industry standards.

Can I trade stocks with both TMGM and Tickmill?

TMGM offers access to Forex, CFDs, Indices, Commodities, and Stocks, giving it a broader market range. Tickmill's offering covers Forex, CFDs, Indices, and Commodities, but does not include direct stock trading, which may matter to multi-asset investors.

What is the maximum leverage available at TMGM and Tickmill?

Both brokers offer maximum leverage of up to 1:500, meaning leverage availability is not a differentiating factor between the two platforms. Traders should still apply leverage cautiously regardless of broker choice.

Are there any deposit or withdrawal fees with either broker?

Neither TMGM nor Tickmill charges deposit or withdrawal fees, making both brokers equally cost-friendly when it comes to moving funds in and out of your trading account.

Which broker has been operating longer, TMGM or Tickmill?

TMGM was founded in 2013 and is headquartered in Melbourne, Australia, while Tickmill was founded a year later in 2014 and is based in London, UK. This slightly longer track record contributes positively to TMGM's overall trust score.

Is it possible to open accounts with both TMGM and Tickmill?

Yes, there is nothing stopping you from holding accounts at both brokers simultaneously. Many traders diversify across multiple platforms to access different regulatory protections, commission structures, or market offerings depending on their strategy.

Reviewed by Experts Updated 10/4/2026

TMGM vs Tickmill: Which Forex Broker Wins in 2026?

TMGM and Tickmill are both established forex and CFD brokers, but they cater to slightly different priorities. Our research gives TMGM the edge overall with a 3.5/5 rating versus Tickmill's 3.3/5, though Tickmill counters with broader multi-jurisdiction regulation.

OVERALL WINNER

TMGM

3.5 / 5Score: 1 / 2

TMGM combines tier-1 ASIC and FCA regulation with zero-pip spreads and full market access, including stocks.

Min deposit: $100
Max leverage: 1:500
Spread from: 0 pips
Regulators: ASIC, FCA

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Tickmill

3.3 / 5Score: 1 / 2

Tickmill spreads its regulatory coverage across three jurisdictions while keeping commissions low at $2 per lot.

Min deposit: $100
Max leverage: 1:500
Spread from: 0 pips
Regulators: FCA, CySEC, FSCA

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Overall Winner

TMGM

Best for Beginners

TMGM

Lowest Fees

TMGM

Top Regulation

Tickmill

Full comparison Fees & Accounts Pros & cons Verdict Summary FAQ

Side-by-side comparison

Core features compared head-to-head.

Feature	T TMGM	T Tickmill
Overview
Rating	3.5 / 5	3.3 / 5
Founded	2013	2014
Headquarters	Melbourne, Australia	London, UK
Regulation	ASIC, FCA	FCA, CySEC, FSCA
Fees & Limits
Min Deposit	$100	$100
Spreads From	0 pips	0 pips
Commission	$3.5/lot	$2/lot
Max Leverage	1:500	1:500
Platforms & Markets
Trading Platforms	MT4, MT5	MT4, MT5
Markets Offered	Forex, Cfd, Indices, Commodities, Stocks	Forex, Cfd, Indices, Commodities

None

Pros & cons

TMGM

Pros

Backed by two tier-1 regulators (ASIC and FCA) for strong investor protection
Wider selection of tradable markets including stocks
Longer operating history dating back to 2013
Zero-pip starting spreads on offer
No fees charged on deposits or withdrawals
Higher overall rating (3.5/5) versus close competitors
Competitive maximum leverage of 1:500

Cons

Commission of $3.5 per lot is higher than some competitors
Only holds licences in two jurisdictions versus three for some rivals
No proprietary trading platform beyond MT4/MT5
Stock CFD offering may still be narrower than dedicated equity brokers

Tickmill

Pros

Regulatory presence across three separate jurisdictions
Lower per-lot commission at $2 versus higher-cost competitors
No deposit or withdrawal fees charged
Zero-pip starting spreads for competitive pricing
Established broker with FCA-anchored oversight
Consistent leverage up to 1:500 matching industry standards

Cons

Lower overall rating (3.3/5) compared to top competitor
No direct stock trading offered, limiting market breadth
Slightly shorter operating history, founded in 2014
Includes FSCA, a comparatively lighter-touch regulator, in its licence mix
No proprietary platform beyond standard MT4/MT5

Our expert verdict

Editor's verdict

Overall winner TMGM

Lowest fees TMGM

Best regulation Tickmill

Better for beginners TMGM

TMGM takes the win in this matchup with a 3.5/5 overall rating compared to Tickmill's 3.3/5, driven by tier-1 ASIC and FCA regulation, a wider range of tradable markets, and a longer operating history. Tickmill remains a strong runner-up, particularly for traders who value licensing across three separate regulators (FCA, CySEC, FSCA) rather than fewer, higher-tier ones. For most retail traders, however, TMGM's blend of low-cost trading, robust regulation, and market breadth makes it the more well-rounded choice.

Regulation & Safety

Regulation is often the single most important factor for traders choosing between two brokers, and this is where the comparison gets nuanced. TMGM is regulated by ASIC (Australia) and the FCA (UK), two of the most respected tier-1 regulatory bodies in the world, both known for strict capital adequacy and client fund segregation rules.

Tickmill, on the other hand, holds licences from the FCA, CySEC, and FSCA — giving it a broader geographic regulatory footprint across three jurisdictions rather than two. This makes Tickmill an appealing option for traders who want a broker with a presence validated across multiple regions.

That said, quality often outweighs quantity in regulatory terms. TMGM's combination of ASIC and FCA oversight is generally viewed as offering stronger overall investor protection than a broader mix that includes FSCA, which is a comparatively lighter-touch regulator. This is why our data awards TMGM the higher safety-adjusted overall rating despite Tickmill's extra licence.

Fees, Spreads & Commissions

Both brokers advertise spreads starting from 0 pips, making headline pricing highly competitive on both sides. Where they diverge is on commission structure: TMGM charges $3.5 per lot on its raw spread accounts, while Tickmill charges a lower $2 per lot.

For high-frequency and volume traders, Tickmill's lower per-lot commission could translate into meaningful savings over hundreds of trades, even though TMGM's overall rating remains higher on other criteria. Neither broker charges deposit or withdrawal fees, which is a welcome standard for cost-conscious traders on both platforms.

Minimum deposit requirements are identical at $100 for both brokers, so neither has an edge in terms of initial capital accessibility. Traders should weigh their expected trading volume carefully — scalpers and high-volume traders may find Tickmill's commission structure marginally more economical.

Trading Platforms & Tools

TMGM and Tickmill both standardise on the industry's two most trusted platforms: MetaTrader 4 and MetaTrader 5. This parity means traders switching between the two brokers won't face a learning curve, as charting tools, expert advisors (EAs), and order execution workflows remain familiar.

Neither broker has introduced a fully proprietary platform, which may be viewed as a limitation for traders seeking more modern, built-in social trading or copy-trading dashboards outside of third-party MT4/MT5 plugins.

Where TMGM pulls ahead slightly is market breadth: it offers Forex, CFDs, Indices, Commodities, and Stocks, while Tickmill's offering excludes direct stock trading, limiting it to Forex, CFDs, Indices, and Commodities. Traders wanting single-account access to equities may find TMGM the more versatile platform.

Leverage & Trading Conditions

Both brokers offer maximum leverage of up to 1:500, putting them on equal footing for traders who rely on higher leverage ratios to maximise capital efficiency. This parity means leverage is unlikely to be a deciding factor between the two.

Execution quality and spread consistency during high-volatility news events are harder to quantify from headline data alone, but both brokers' zero-pip advertised spreads suggest ECN/STP-style raw pricing models designed for active traders.

Given the identical leverage caps and $100 minimum deposits, the primary differentiators remain regulatory tier, commission cost per lot, and available markets, all of which have been addressed in the sections above.

Company Background & Reputation

TMGM was founded in 2013 and is headquartered in Melbourne, Australia, giving it a slightly longer operating history than Tickmill, which was established in 2014 and is based in London, UK. While a one-year difference is not dramatic, TMGM's marginally longer track record contributes positively to its overall trust score.

Both brokers have built solid reputations in the retail forex and CFD space, but TMGM's Australian roots align it closely with ASIC's stringent oversight framework, while Tickmill's London base ties it to FCA standards alongside its CySEC and FSCA licences.

Ultimately, both companies are legitimate, well-established players, but our overall rating system favours TMGM's slightly longer history and tier-1 dual regulation when all factors are weighted together.

Verdict summary

The bottom line — category winners and our final pick based on ratings.

Editor's verdict

TMGM wins overall

TMGM edges out Tickmill overall based on our expert rating score.

Highest Rated

TMGM

3.5 / 5 / 5

Visit TMGM

Category winners

Overall winner
Based on overall expert rating (3.5/5).
TMGM
Better for beginners
Stronger onboarding and educational resources.
TMGM
Lower trading costs
More competitive spreads and baseline commissions.
TMGM
Stronger regulation
Higher trust based on tier-1 regulatory oversight.
Tickmill

Frequently asked questions

Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.