Feature | eToro | Tickmill |
---|---|---|
Founded | 2007 | 2014 |
Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia), NFA (US), MiFID (EU), FSCS | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), BaFin (Germany) |
Minimum Deposit | $10 (depending on region) | $100 (Classic), $50 (Pro and VIP accounts) |
Trading Platforms | eToro Proprietary Web & Mobile App | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Account Types | Retail, Professional, Islamic | Classic, Pro, VIP, Islamic |
Demo Account | Yes | Yes |
Leverage | Up to 1:30 (Retail), Up to 1:400 (Professional) | Up to 1:500 (depending on jurisdiction) |
Copy Trading | Yes (eToro's core feature) | No (but allows expert advisors on MT4/MT5) |
Asset Classes | Stocks, ETFs, Forex, Commodities, Indices, Cryptocurrencies | Forex, Indices, Commodities, Bonds, Cryptocurrencies |
Number of Instruments | Over 3,000 | Over 80 (Forex pairs and CFDs) |
Spreads | 1 pip (average for major pairs) | 0.0 pips (Pro), 1.6 pips (Classic) |
Commission | No commission on stocks and ETFs, $5 withdrawal fee | $0 (Classic), $2 per lot per side (Pro), $1.60 per lot per side (VIP) |
Deposit Methods | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller | Bank Transfer, Credit/Debit Card, Skrill, Neteller |
Withdrawal Fees | $5 per withdrawal | Free (bank fees may apply) |
Trading Fees | Higher spreads on forex | Low spreads with commissions on Pro/VIP accounts |
Account Currencies | USD (primarily) | USD, EUR, GBP, PLN |
Trading Tools | CopyTrader, Smart Portfolios, Social Sentiment | Advanced charting tools, Economic Calendar, MT4/MT5 indicators |
Educational Resources | Webinars, Trading Academy, Market Analysis | Webinars, eBooks, Market Insights, Video Tutorials |
Customer Support | Live Chat, Email, Phone (limited hours) | Live Chat, Email, Phone Support (24/5) |
Mobile App | Yes (iOS and Android) | Yes (via MT4 and MT5 apps) |
Cryptocurrency Trading | Yes (direct crypto and CFDs) | Yes (crypto CFDs only) |
Order Types | Market, Limit, Stop Loss, Take Profit | Market, Limit, Stop, Trailing Stop, Pending Orders |
Risk Management Tools | Stop Loss, Take Profit, Negative Balance Protection | Negative Balance Protection, Stop Loss, Take Profit |
Deposit Fees | None | None |
Regulatory Protections | Compensation schemes based on region (e.g., FSCS in the UK) | Compensation schemes based on region (e.g., FSCS in the UK) |
Social Trading Community | Yes (eToro's main platform) | No |
Professional Account Features | Higher Leverage, Exclusive Features | Higher Leverage, Lower Commissions |
Islamic Account | Yes | Yes |
Market Execution Speed | 1 millisecond to a few seconds (depends on asset) | Ultra-low latency (as low as 0.2 milliseconds for Pro accounts) |
Scalping Allowed | No | Yes |
Hedging Allowed | No | Yes |
Algo/Automated Trading | No (but offers Smart Portfolios and Copy Trading) | Yes (via Expert Advisors on MT4/MT5) |
ECN/STP Execution | No (Market Maker model) | Yes (STP and ECN available for Pro and VIP) |
Spread Type | Fixed or variable (based on asset class) | Variable (dependent on account type) |
Stop-Out Level | 50% (retail), 20% (professional) | 30% (EU/UK), 100% for others |
Negative Balance Protection | Yes | Yes |
Fractional Shares | Yes (stocks and ETFs) | No (but CFDs simulate fractional exposure) |
Lot Sizes | 0.01 minimum lot (for Forex) | 0.01 minimum lot |
Currency Conversion Fee | Yes (for non-USD deposits/withdrawals) | Yes (for non-base currency transactions) |
Corporate Accounts | No | Yes |
Bonus Offers | No (due to regulation in most regions) | Yes (depending on jurisdiction) |
Position Holding Costs | Overnight fees on leveraged trades | Swap fees for holding positions overnight |
Access to Real Shares | Yes (zero-commission real stocks in certain markets) | No (CFD shares only) |
VIP/Exclusive Programs | Yes (eToro Club with tiered benefits) | Yes (VIP account with reduced commissions) |
Account Verification Time | 1-2 business days (depending on documents) | 1-3 business days (depending on documents) |
Regulatory Transparency | Publicly discloses regulatory bodies and policies | Publicly discloses regulatory oversight and fee policies |
Market Depth/Level 2 | No (basic market data available) | Yes (via MT5 for Pro accounts) |
Social Features | Newsfeeds, Community Discussions, CopyTrader Stats | No direct social features, only trading signals via MT4/MT5 |
Partnerships & Promotions | Frequent collaborations with brands (e.g., sports sponsorships) | Fewer promotions, primarily focused on trading contests |
Withdrawal Time | 1-8 business days (depending on payment method) | 1-2 business days (usually processed within 24 hours) |
Risk Score/Indicators | Yes (for Copy Trading, shows trader performance metrics) | No built-in risk score, uses traditional drawdown statistics |
Trading Sentiment Tools | Yes (community-based sentiment data) | No (but third-party sentiment tools can be integrated) |
Risk Warning and Protection Tools | Yes (platform prompts, risk score notifications) | Yes (margin calls, stop-out protections) |
Security of Funds | Segregated client funds, investor compensation schemes | Segregated client funds, compensation schemes |
Two-Factor Authentication (2FA) | Yes | No (depends on MT4/MT5 security features) |
Affiliate/IB Program | Yes (Partner Program for affiliates) | Yes (Affiliate and Introducing Broker (IB) programs) |
Trading Signals | Yes (community-generated insights and trends) | Yes (via MT4/MT5 plugins) |
News Feed Integration | Proprietary real-time news feed, analyst reports | Yes (via MT4/MT5 news widgets) |
Charting Features | 70+ indicators, drawing tools, simple to use | Advanced charting with customizable templates and EAs |
Depth of Analysis Tools | Basic, suitable for beginners | Advanced tools for pro-level technical analysis |
Onboarding Process | Easy, guided with tutorials and explainer videos | Simple but requires familiarity with MT4/MT5 |
Historical Data Access | Yes (with some limitations on free accounts) | Yes (more robust via MT4/MT5) |
Price Alerts and Notifications | Yes (push notifications, SMS, and email alerts) | Yes (via MT4/MT5 alerts and desktop pop-ups) |
Execution Model | Market Maker (internal order matching) | ECN/STP (direct market access with low latency) |
Slippage Protection | Limited slippage control options | Low slippage due to market access and order speed |
Micro Lots | Yes (0.01 lot size) | Yes (0.01 lot size) |
Trade Customization Options | Limited (based on eToro interface) | Extensive (via MT4/MT5 customizable scripts) |
Regulated Regions | Europe, USA (crypto services only), Australia, UK, Asia | Europe, Africa, Asia, Latin America, Australia |
Partnership with Payment Providers | Yes (e.g., PayPal partnership for deposits) | Yes (localized payment partners in certain regions) |
Web vs Desktop Platforms | Web-based proprietary platform, mobile app only | Desktop, web-based MT4/MT5, and mobile versions |
Custom Indicators Support | No (only pre-built indicators) | Yes (via MT4/MT5 custom indicator support) |
Backtesting Capability | No (manual trade history review only) | Yes (via MT4/MT5 strategy tester) |
Trade Transparency | Partial (market orders processed internally) | Full (direct ECN/STP execution details) |
PAMM/MAM Accounts | No (does not support multi-account management) | Yes (for fund managers using MAM/PAMM solutions) |
Swap-Free Options | Yes (for Islamic accounts) | Yes (Islamic accounts available) |
Account Archiving | Accounts are archived after prolonged inactivity | Dormant fees after 6 months of inactivity |
Contests and Trading Competitions | No (due to regulation) | Yes (regular competitions with cash prizes) |
Rebate Program | No | Yes (rebate programs for active traders) |
Market Sentiment Dashboard | Yes (via community data and trading insights) | No (requires external plugins for sentiment analysis) |
Multi-Language Support | Yes (over 20 languages supported) | Yes (more than 15 languages supported) |
Corporate/Business Trading Accounts | No | Yes (with separate requirements) |
Weekend Trading | Yes (crypto and certain indices) | No (weekend trading not available) |
Regulatory Restrictions | Some CFDs restricted based on region | CFDs limited by region-specific regulations |
Cryptocurrency Wallet | Yes (eToro Money wallet for direct crypto ownership) | No (crypto available as CFDs only) |
eToro excels in social trading, copy trading, and beginner-friendly features, while Tickmill is ideal for professionals seeking tight spreads, low latency, and MT4/MT5 support.