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Tickmill
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XM

Tickmill vs XM: which broker is better in 2026?

We compare Tickmill and XM — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Tickmill edges ahead (3.8/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaTickmillXM
Overall score 3.8 3.6
Regulation & safety 3.5 3.0
Fees & deposit 4.5 3.5
Platform & assets 3.5 4.0
User support 3.5 4.0
Trust score74/10069/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, XM app
Fee modelPro/Raw account with a small commission — among the cheapestStandard / ultra-low spread; figures vary

Pros & cons

Tickmill
  • Very low costs (Pro/Raw account) — a scalper favorite
  • FCA/CySEC license + multi-region entities
  • Fast execution
  • Narrower product selection (core forex/CFD focus)
  • Many retail clients via Seychelles/Labuan entities (not the FCA)
  • Leverage is high-risk
XM
  • Very large client base, strong multilingual education & support
  • MT4/MT5 + many instruments
  • CySEC license for the EU entity
  • Many retail clients via the offshore entity (Belize) — weaker protection
  • Standard spread is not the cheapest
  • Leverage is high-risk

Regulation at a glance

Tickmill

Regulated by the FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), DFSA (Dubai), Labuan FSA. Low-cost focus.

XM

Trading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).