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ATFX vs Tickmill - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: October 12, 2023

Last Updated On October 12, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.93/ 5 USD 100FCA Regulated BrokersCySEC Regulated BrokersFinancial Services Authority – St. Vincent & the GrenadinesFinancial Services CommissionSTPForex, Cryptocurrencies, Metals, Commodities, Spread Betting434
  • Well regulated
  • Wide range of assets
  • Copy trading accounts
  • Good range of accounts
  • MT4 only
  • High minimum deposit
Read Review 111115/ 5 110.5002.5/ 5 111104/ 5 11110.54.5/ 5 111115/ 5 111104/ 5 111003/ 5 74.07%400:11 pips Edge, Premium, Professional, Standard MT4Visa, Mastercard, Skrill, SafeCharge, Neteller, Bitcoin, Bank Transfer, PaypalFees Included in Spread
11110.54.58/ 5 USD 100CySEC Regulated BrokersFCA Regulated BrokersLabuan Financial Services AuthorityFSCA Regulated Forex BrokersThe Seychelles Financial Services AuthorityDubai Financial Services AuthoritySTPBonds, Cryptocurrencies, Stock CFDs, Forex, Futures, Indices, Metals628
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Limited base currencies
Read Review 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111104/ 5 71%500:10 pips Classic, Pro, VIP MT4, MT5Visa, Mastercard, Bank Transfer, Neteller, Skrill, SticPay, Fasapay, Unionpay, NganLuong, Qiwi, WebMoney4 USD / lot

How do Tickmill and ATFX stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

ATFX

Tickmill

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Tickmill and ATFX, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Tickmill or ATFX have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that ATFX holds two Tier 1 and no Tier 2 licences, and Tickmill holds two Tier 1 and one Tier 2 licences.

 

Is ATFX financially regulated?

Yes ATFX was founded in 2015 and is regulated by CySEC, FCA, FSA-St-Vincent and FSC.

 

Is Tickmill financially regulated?

Yes Tickmill was founded in 2014 and is regulated by CySEC, DFSA, FCA, FSCA, LFSA and FSA-Seychelles.

 

Based on these findings, ATFX earned a higher trust rating than Tickmill.

Does Tickmill or ATFX have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Tickmill has overall lower trading costs than ATFX. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
ATFX
110.5002.5/ 5
USD, EUR, GBP
1.00 pips
USD 10
1.00 pips
1.10 pips
1.00 pips
USD 0
Tickmill
111115/ 5
USD, EUR, GBP, PLN
0.00 pips
USD 4
0.10 pips
0.30 pips
0.10 pips
USD 4

 

Does Tickmill or ATFX offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, Tickmill offers support for and ATFX offers support for . 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both ATFX and Tickmill offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
ATFX
111104/ 5
Tickmill
11110.54.5/ 5

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Tickmill offers a greater range and depth of instruments to trade than ATFX. Tickmill offers 62 Forex pairs to trade and ATFX offers 43 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Tickmill offers 8 cryptocurrencies while ATFX offers 4 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Tickmill.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that ATFX charges a withdrawal fee and Tickmill does not. Overall, 0 has better deposit and withdrawal processes than 0. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

ATFX and Tickmill both have very good educational support. Both ATFX and Tickmill offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
ATFX
High
Tickmill
High

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that 0 offers better research analysis than 0 and that both ATFX and Tickmill offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
ATFX
Tickmill

 

Our overall Verdict on Tickmill

A trustworthy broker with MT4 and MT5 support and two of the lowest-cost trading accounts in the industry, Tickmill provides a perfect trading environment for serious beginners and more experienced traders. However, although Tickmill is regulated by the South African FSCA, South African traders will be onboarded through Tickmill’s Seychelles-based entity, which offers less protection.

Tickmill provides two commission-based accounts with low spreads (0.0 pips on the EUR/USD) and some of the lowest commissions in the industry. A standard account is also available, with no commission and spreads starting at 1.6 pips on the EUR/USD. Education and market analysis are both excellent and experienced traders will appreciate the wide range of currency pairs.

Overall, while Tickmill’s standard account is more expensive than other similar brokers, the two low-cost commission accounts make it an excellent choice of broker for Metatrader users looking for a new broker.

Our overall Verdict on ATFX

ATFX has taken the decision to cease providing services to retail clients with immediate effect. It is therefore unable to accept any applications. We recommend looking at BDSwiss and XTB as alternatives.

ATFX is a well-regulated STP broker founded in 2017 in London and has expanded rapidly over the last few years. Four account types are offered (including a commission-based Raw Account), but minimum deposits are high, and spreads are wide on all but the most expensive account types. MT4 is the only trading platform supported.

Education is excellent and market analysis is offered by the globally renowned Trading Central. Both deposits and withdrawals are free and Autochartist is offered for free on all account types.

Which broker has the highest overall rating?

Tickmill has an overall rating of 4.58 and ATFX has an overall rating of 3.93. For more detail please read our reviews of Tickmill and ATFX.

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