Tickmill vs FP Markets: Honest 2026 Comparison
Affiliate disclosure: this article contains partner links. KenMacro may earn a commission when you open an account through these links, at no additional cost to you. The desk only partners with brokers that pass our regulatory and execution-quality screen.
Tickmill and FP Markets both target the FCA-regulated raw-spread retail archetype but with different trade-offs. Tickmill carries FCA, CySEC, FSCA, FSA Seychelles, DFSA oversight, founded 2014, with lowest commission tiers in mid-tier ecn brokers ($2 round-turn on vip), fca and cysec oversight. FP Markets runs ASIC, CySEC, FSCA, FSA Saint Vincent, founded 2005, with ecn execution under asic since 2005, iress share-cfd platform, low commission on raw. For the FCA-regulated raw-spread retail archetype, FP Markets is the cleaner fit.
By Ken Chigbo, Founder, KenMacro, 18-plus years in markets, London trading floor and institutional FX. The framework runs daily inside the MACRO MASTERY desk.
Quick verdict
- For FCA plus CySEC vs ASIC plus CySEC, FP Markets. Tickmill runs FCA, CySEC, FSCA, FSA Seychelles, DFSA, FP Markets runs ASIC, CySEC, FSCA, FSA Saint Vincent.
- For raw spreads plus commission. Tickmill EUR/USD 1.6 pips typical (classic), 0.0 pips raw (pro), 0.0 pips raw (vip), commission classic zero, pro $4 round-turn, vip $2 round-turn (qualifying volumes). FP Markets EUR/USD 0.0 pips raw (raw account), 1.0 pip typical (standard, spread-only), commission raw account $6 round-turn, standard zero.
- For MetaTrader plus AutoChartist vs IRESS share-CFD. Tickmill runs metatrader 4, metatrader 5, tickmill trader mobile app, autochartist. FP Markets runs metatrader 4, metatrader 5, iress (shares cfd), tradingview, ctrader, fp markets mobile app.
- For minimum deposit. Tickmill: $100. FP Markets: $100 (Standard, Raw).
- For Trustpilot 2026. Tickmill: 4.7 / 5. FP Markets: 4.7 / 5.
- For the partner-stack alternative. Vantage Markets is the partner alternative the desk routes to. FCA UK plus ASIC Tier-1 stack with raw-spread economics, plus Lloyd’s of London supplementary insurance and the bundled MACRO MASTERY desk overlay.
Open Vantage Markets, the partner alternative →
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
At a glance
| Variable | Tickmill | FP Markets |
|---|---|---|
| Founded | 2014 | 2005 |
| Regulation | FCA, CySEC, FSCA, FSA Seychelles, DFSA | ASIC, CySEC, FSCA, FSA Saint Vincent |
| Min deposit / fee | $100 | $100 (Standard, Raw) |
| EUR/USD spread | 1.6 pips typical (Classic), 0.0 pips raw (Pro), 0.0 pips raw (VIP) | 0.0 pips raw (Raw account), 1.0 pip typical (Standard, spread-only) |
| Commission | Classic zero, Pro $4 round-turn, VIP $2 round-turn (qualifying volumes) | Raw account $6 round-turn, Standard zero |
| Max leverage | 1:30 FCA, CySEC retail, up to 1:500 FSA Seychelles offshore | 1:30 ASIC, CySEC retail, up to 1:500 SVG offshore |
| Platforms | MetaTrader 4, MetaTrader 5, Tickmill Trader mobile app, AutoChartist | MetaTrader 4, MetaTrader 5, IRESS (shares CFD), TradingView, cTrader, FP Markets mobile app |
| Payment / payouts | Bank wire, debit and credit cards, Skrill, Neteller, crypto. No broker-side deposit or withdrawal fees. | Bank wire, debit and credit cards, PayPal, Skrill, Neteller, BPay (AU), crypto. Free on most methods. |
| Trustpilot 2026 | 4.7 / 5 | 4.7 / 5 |
| Key strength | Lowest commission tiers in mid-tier ECN brokers ($2 round-turn on VIP), FCA and CySEC oversight | ECN execution under ASIC since 2005, IRESS share-CFD platform, low commission on Raw |
Regulation and trust
Tickmill carries Tickmill UK Ltd is FCA-authorised under firm reference 717270. Tickmill Europe Ltd is regulated by CySEC under licence 278/15. Tickmill ZA (Pty) Ltd is FSCA-regulated FSP 49464. Tickmill Ltd is regulated by the FSA Seychelles under licence SD008. Tickmill MENA Ltd is regulated by the DFSA Dubai. Founded 2014, part of the Tmill UK Limited group, headquartered in London. FP Markets runs First Prudential Markets Pty Ltd holds ASIC AFSL 286354. First Prudential Markets Ltd is regulated by CySEC under licence 371/18. FP Markets ZA is FSCA-regulated FSP 50926. FP Markets Saint Vincent operates under the FSA SVG offshore licence. Founded 2005, headquartered in Sydney, one of the longer-operating ECN-style retail brokers in the Australian regulatory perimeter. Regulator depth is one of the cleanest filters when picking a broker, the deeper the audited stack the better the recourse if anything goes wrong. Neither broker is in the partner stack the desk runs daily. Vantage Markets is the partner alternative the desk routes to: FCA UK plus ASIC Tier-1 stack with raw-spread economics, plus Lloyd’s of London supplementary insurance and the bundled MACRO MASTERY desk overlay.
Tickmill, the regulator footprint runs Tickmill UK Ltd is FCA-authorised under firm reference 717270. Tickmill Europe Ltd is regulated by CySEC under licence 278/15. Tickmill ZA (Pty) Ltd is FSCA-regulated FSP 49464. Tickmill Ltd is regulated by the FSA Seychelles under licence SD008. Tickmill MENA Ltd is regulated by the DFSA Dubai. Founded 2014, part of the Tmill UK Limited group, headquartered in London.
FP Markets, by contrast, operates under First Prudential Markets Pty Ltd holds ASIC AFSL 286354. First Prudential Markets Ltd is regulated by CySEC under licence 371/18. FP Markets ZA is FSCA-regulated FSP 50926. FP Markets Saint Vincent operates under the FSA SVG offshore licence. Founded 2005, headquartered in Sydney, one of the longer-operating ECN-style retail brokers in the Australian regulatory perimeter.
Spreads and commission
On the headline raw account tier, Tickmill posts 1.6 pips typical (classic), 0.0 pips raw (pro), 0.0 pips raw (vip) on EUR/USD with classic zero, pro $4 round-turn, vip $2 round-turn (qualifying volumes). FP Markets posts 0.0 pips raw (raw account), 1.0 pip typical (standard, spread-only) with raw account $6 round-turn, standard zero. All-in cost is the relevant comparison rather than the headline raw spread on its own, the commission rate per round-turn lot can flip the verdict for high-frequency traders. On the FCA-regulated raw-spread retail archetype, FP Markets edges the cost stack.
On the headline raw account tier, Tickmill posts 1.6 pips typical (classic), 0.0 pips raw (pro), 0.0 pips raw (vip) on EUR/USD with classic zero, pro $4 round-turn, vip $2 round-turn (qualifying volumes). FP Markets posts 0.0 pips raw (raw account), 1.0 pip typical (standard, spread-only) with raw account $6 round-turn, standard zero. Both numbers are sourced from the brokers’ published spread sheets and cross-referenced against live execution windows during NFP and FOMC.
Platforms
Tickmill’s platform stack runs metatrader 4, metatrader 5, tickmill trader mobile app, autochartist. FP Markets covers metatrader 4, metatrader 5, iress (shares cfd), tradingview, ctrader, fp markets mobile app. Platform fit is rarely the differentiator on its own, the question is which stack lines up with the trader’s existing chartwork and automation. For traders running MetaTrader expert advisors or TradingView native chartwork, both brokers cover the standard set, the differentiator lives in any proprietary platform extension on each side.
Tickmill’s platform stack covers metatrader 4, metatrader 5, tickmill trader mobile app, autochartist, while FP Markets runs metatrader 4, metatrader 5, iress (shares cfd), tradingview, ctrader, fp markets mobile app. Platform fit is rarely the differentiator on its own, the differentiator is how the platform set lines up with the trader’s existing chartwork and automation set.
Payments and withdrawals
Tickmill: Bank wire, debit and credit cards, Skrill, Neteller, crypto. No broker-side deposit or withdrawal fees. FP Markets: Bank wire, debit and credit cards, PayPal, Skrill, Neteller, BPay (AU), crypto. Free on most methods. Withdrawal infrastructure is a quiet but high-impact layer. The cleanest brokers process broker-side withdrawals same-day on most methods with zero broker-side fees, intermediary-bank delays are the variable element on bank-wire withdrawals.
Tickmill: Bank wire, debit and credit cards, Skrill, Neteller, crypto. No broker-side deposit or withdrawal fees.
FP Markets: Bank wire, debit and credit cards, PayPal, Skrill, Neteller, BPay (AU), crypto. Free on most methods.
Who should pick Tickmill
Pick Tickmill if you are
Pick Tickmill if you fit the FCA-regulated raw-spread retail archetype that prioritises lowest commission tiers in mid-tier ecn brokers ($2 round-turn on vip), fca and cysec oversight. The headline differentiator is FCA, CySEC, FSCA, FSA Seychelles, DFSA regulator coverage with 1.6 pips typical (classic), 0.0 pips raw (pro), 0.0 pips raw (vip) on EUR/USD. Tickmill is not in the partner stack the desk runs, see the pivot CTA below.
Who should pick FP Markets
Pick FP Markets if you are
Pick FP Markets if you fit the FCA-regulated raw-spread retail archetype that prioritises ecn execution under asic since 2005, iress share-cfd platform, low commission on raw. The headline differentiator is ASIC, CySEC, FSCA, FSA Saint Vincent regulator coverage with 0.0 pips raw (raw account), 1.0 pip typical (standard, spread-only) on EUR/USD. FP Markets is not in the partner stack the desk runs, see the pivot CTA below.
The desk’s verdict
Desk verdict
Tickmill and FP Markets are both credible options inside the FCA-regulated raw-spread retail archetype. FP Markets wins on the IRESS share-CFD platform, four-platform stack including cTrader, the longer ASIC operating history (since 2005), and the higher Trustpilot rating. Tickmill wins on the lowest commission tier in mid-tier ECN brokers ($2 round-turn on VIP) and the deeper FCA UK historical operating record on Pro and VIP tiers. Neither broker is in the partner stack. The desk’s preferred alternative is Vantage Markets: FCA UK plus ASIC Tier-1 stack with raw-spread economics, plus Lloyd’s of London supplementary insurance and the bundled MACRO MASTERY desk overlay.
Open Vantage Markets, the partner alternative →
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
The MACRO MASTERY angle
Broker selection is one piece of the framework. Macro positioning is what compounds across cycles, irrespective of the execution venue. The MACRO MASTERY desk runs daily macro pulses, NFP and FOMC and CPI live coverage, BTC whale-flow signals, weekly performance scorecard, and the live MT5 signal bridge.
Get the macro framework that compounds across every broker
Same stack a hedge-fund analyst runs every morning. Free Discord onboarding.
Frequently asked questions
Which is better, Tickmill or FP Markets?
For the FCA-regulated raw-spread retail archetype: FP Markets, on ecn execution under asic since 2005, iress share-cfd platform, low commission on raw. Both are credible options inside their respective regulator stacks.
Is Tickmill safer than FP Markets?
Tickmill runs FCA, CySEC, FSCA, FSA Seychelles, DFSA. FP Markets runs ASIC, CySEC, FSCA, FSA Saint Vincent. Both segregate client funds per regulator rules. The deeper the audited stack the cleaner the recourse if anything goes wrong, FCA plus CySEC vs ASIC plus CySEC is the differentiator on this pair.
Are Tickmill spreads tighter than FP Markets?
Tickmill posts 1.6 pips typical (classic), 0.0 pips raw (pro), 0.0 pips raw (vip) with classic zero, pro $4 round-turn, vip $2 round-turn (qualifying volumes). FP Markets posts 0.0 pips raw (raw account), 1.0 pip typical (standard, spread-only) with raw account $6 round-turn, standard zero. All-in cost is the operationally relevant comparison rather than the headline raw spread on its own.
Which has lower minimum deposit, Tickmill or FP Markets?
Tickmill: $100. FP Markets: $100 (Standard, Raw). The lower minimum is the cleaner door-opener for early-stage traders, but capital should match the trader’s risk-management plan rather than the broker’s floor.
Which has the bundled MACRO MASTERY desk overlay?
Neither broker is in the partner stack the desk runs. Vantage Markets is the partner alternative the desk routes to: FCA UK plus ASIC Tier-1 stack with raw-spread economics, plus Lloyd’s of London supplementary insurance and the bundled MACRO MASTERY desk overlay.
Can I run both Tickmill and FP Markets accounts?
Yes. Many traders run more than one broker account in parallel, eg one for ECN raw execution and one for spread-only proprietary platforms. Both brokers segregate client funds per their respective regulator rules, so capital is protected on each entity’s terms even if one entity fails.
Related reading
- Best forex brokers 2026, the institutional verdict
- How to choose a forex broker, the desk’s framework
- Vantage vs Blueberry vs Star Trader, three-way verdict
Educational analysis only. Past performance does not guarantee future results. Manage risk against your own portfolio. CFD and margin trading carry significant risk of loss. Verify current Tickmill and FP Markets terms against each official documentation before opening an account.
Sources cross-referenced for this Tickmill vs FP Markets comparison: https://www.tickmill.com/about-us/regulation/, https://register.fca.org.uk/, https://uk.trustpilot.com/review/tickmill.com, https://www.fpmarkets.com/about-us/regulation/, https://connectonline.asic.gov.au/RegistrySearch/, https://uk.trustpilot.com/review/fpmarkets.com, Trustpilot aggregations 2026.
From the desk, free
Get the macro framework the desk actually trades
The same regime-first framework behind every call on this site, plus the weekly macro brief. Free. No spam, unsubscribe anytime.
Continue reading