Interactive Brokers vs Tickmill
Detailed side-by-side broker comparison
Overview
Interactive Brokers
Tickmill
Fees & Commissions
| Interactive Brokers | Tickmill | |
|---|---|---|
| Commission per trade | $1 | $2 |
| Commission % | 0.005% | 0.006% |
| Annual custody fee | Free | Free |
| Inactivity fee | Free | Free |
| Withdrawal fee | Free | Free |
| FX markup | 0.002% | 0.15% |
| Deposit fee | Free | Free |
| ETF commission | $1 | $2 |
| Min. monthly commission | Free | Free |
Instruments & Markets
Both offer
Only in Interactive Brokers
Only in Tickmill
Trading Platforms
Only in Interactive Brokers
Only in Tickmill
Pros & Cons
Interactive Brokers
Pros
- Zero minimum deposit
- Access to 135+ markets globally
- Very low commissions
Cons
- Complex interface for beginners
- Inactivity fee for small accounts
Tickmill
Pros
- Low commissions from $2/lot
- Regulated by FCA
- Fast order execution
- Good educational content
Cons
- Limited crypto offerings
- No US stocks direct access
Verdict
Both Interactive Brokers and Tickmill are regulated brokers offering access to global financial markets. However, they differ significantly in fees, available instruments, and minimum deposit requirements. Below is our expert assessment to help you make an informed decision.
Interactive Brokers
Interactive Brokers is best suited for traders who prioritize lower fees. With a minimum deposit of $0 and 6 asset classes, it offers a cost-effective solution for active traders.
Choose Interactive Brokers if you value lower fees.
Tickmill
Tickmill is best suited for traders who prioritize stronger regulation. With a minimum deposit of $100 and 6 asset classes, it offers enhanced investor protection and regulatory oversight.
Choose Tickmill if you value stronger regulation.
Ultimately, the best choice depends on your trading style, budget, and preferred instruments. We recommend using our Broker Quiz for a personalized recommendation.
Not sure which broker to choose?
Take the Broker QuizFAQ
Which broker has lower fees — Interactive Brokers or Tickmill?
Based on our comparison of trading commissions, custody fees, and other charges, Interactive Brokers generally offers lower fees. However, the exact cost depends on your trading volume and preferred instruments.
Which broker offers more instruments — Interactive Brokers or Tickmill?
Interactive Brokers provides access to 6 asset classes, compared to 6 at Tickmill. If market variety is important to you, Interactive Brokers is the better choice.
Which broker is more reliable — Interactive Brokers or Tickmill?
Both brokers are regulated. Interactive Brokers holds a SEC/FCA license, while Tickmill is licensed by FCA/CySEC. Both offer investor compensation schemes, so your funds are protected under EU regulations.
What is the minimum deposit for Interactive Brokers and Tickmill?
The minimum deposit for Interactive Brokers is $0, and for Tickmill it is $100. If you're just starting out, the broker with the lower requirement may be a better fit.