Choose FP Markets if you want…
Australian + EU traders wanting deep equity CFD coverage via IRESS plus ECN FX execution from a dual-tier-1 broker.
FP Markets
⭐ 4.5 / 5
VS
Tickmill
⭐ 4.5 / 5
FP Markets vs Tickmill — which broker is better in 2026?
We compared FP Markets and Tickmill across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. The two brokers are evenly matched — your final choice depends on your specific trading style.
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| FP Markets | Tickmill | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.5 / 5 | ⭐ 4.5 / 5 | Tie |
| Regulators | ASIC, CySEC, FSCA, FSA SVG | FCA, CySEC, FSA Seychelles, FSCA, Labuan FSA | Tickmill |
| Min. deposit | $100 | $100 | Tie |
| Spreads from | 0.0 pips (Raw) | 0.0 pips (Pro / Raw) | Tie |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | Up to 1:30 (EU retail) / 1:500 (offshore) | — |
| Platforms | MT4, MT5, cTrader, IRESS, FP Markets Mobile | MT4, MT5, Tickmill Trader | FP Markets |
| Founded | 2005 | 2014 | — |
| HQ | Sydney, Australia | London, UK / Limassol, Cyprus | — |
Pros & cons compared
FP Markets pros
- ✓ Founded 2005 — 20+ year operating history
- ✓ ASIC + CySEC dual tier-1 regulation
- ✓ Raw account: 0.0 pips + $3/lot commission per side
- ✓ Five platforms incl. IRESS — DMA access to ASX & global equities
- ✓ 10,000+ share CFDs across 9 international exchanges
Cons
- ✗ $100 minimum deposit higher than budget brokers
- ✗ Smaller brand than IC Markets / Pepperstone
- ✗ IRESS platform has steeper learning curve than MT4
Tickmill pros
- ✓ FCA + CySEC + FSCA + Labuan tier-1 + tier-2 regulators
- ✓ Pro account spreads from 0.0 pips with $2/lot commission (lowest in industry)
- ✓ Extremely scalper-friendly — no restrictions, fast execution
- ✓ Negative balance protection across all entities
- ✓ ISO 27001 certified — strong information security
Cons
- ✗ Smaller instrument catalogue (~150 vs 2,000+ at peers)
- ✗ Limited educational content
- ✗ $100 minimum deposit higher than budget brokers
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Which one should you choose?
Choose Tickmill if you want…
Cost-sensitive scalpers and high-volume traders who prioritise the lowest commissions on FX majors.
Frequently asked questions
Which is better — FP Markets or Tickmill?
FP Markets and Tickmill are evenly matched on most measurable criteria. Your choice should depend on which specific features matter most — review the comparison table above and the "Pros & Cons" section.
Is FP Markets more regulated than Tickmill?
FP Markets holds licenses from: ASIC, CySEC, FSCA, FSA SVG. Tickmill holds licenses from: FCA, CySEC, FSA Seychelles, FSCA, Labuan FSA. Tickmill has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at FP Markets vs Tickmill?
FP Markets spreads start from 0.0 pips (Raw). Tickmill spreads start from 0.0 pips (Pro / Raw). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, FP Markets or Tickmill?
FP Markets: $100. Tickmill: $100. Both require the same minimum.