Tickmill vs XM – Which broker is better in 2024?

Choosing the right forex broker is essential for traders aiming to succeed in the dynamic financial markets of 2024. Tickmill and XM are both well-regarded in the forex trading community, but they cater to different trader needs and preferences. This article provides a comprehensive comparison of these two brokers, considering various criteria such as trading conditions, platform technology, regulatory compliance, customer support, and educational resources.


Forex trading continues to grow in popularity, attracting both novice and experienced traders. Selecting a broker that offers not only competitive trading conditions but also robust educational support and advanced trading tools is crucial. This review compares Tickmill and XM, two prominent players in the field, to determine which broker might offer more value to traders in 2024.

Regulatory Compliance and Security


Tickmill is regulated by several top-tier financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). These regulations ensure that Tickmill adheres to strict operational standards, providing a secure trading environment for its clients.


Similarly, XM is regulated by the FCA, CySEC, and the Australian Securities and Investments Commission (ASIC), making it one of the most highly regulated brokers in the forex market. This broad regulatory compliance ensures that XM offers a safe trading environment with enhanced financial transparency.

Trading Conditions


Tickmill is known for its ultra-competitive spreads and low trading costs. It offers leverage up to 1:500 and provides access to a wide range of markets including forex, commodities, and indices. Tickmill’s execution speed is also notable, which is a critical factor for scalpers and day traders.


XM offers similar leverage options and access to a broad range of instruments. However, its spreads are typically slightly higher compared to Tickmill. XM distinguishes itself with its flexible account types, catering to traders with different investment sizes and risk tolerances.

Platform and Tools


Tickmill offers MetaTrader 4 and MetaTrader 5, which are the gold standards for forex trading platforms. They support advanced charting tools, automated trading through Expert Advisors (EAs), and custom indicators.


XM also provides MT4 and MT5 platforms but goes a step further by offering additional services like free VPS (Virtual Private Server) and an extensive set of trading tools which enhance trading capabilities, particularly for high-frequency traders.

Customer Support and Educational Resources


Tickmill provides excellent customer service, with support available in multiple languages via live chat, email, and phone. The broker also offers a range of educational materials, including webinars, seminars, e-books, and articles that are suitable for both beginners and experienced traders.


XM excels in educational support, offering an XM University packed with training videos, live webinars in several languages, and on-site seminars in various countries. Their customer service is equally robust, with 24/5 support and personalized assistance available.

User Feedback and Community Trust

Both Tickmill and XM enjoy positive feedback from their user communities. Tickmill is often praised for its low trading costs and efficient customer service, while XM is favored for its comprehensive educational resources and wide range of trading instruments.


Choosing between Tickmill and XM largely depends on individual trading needs and priorities. Tickmill may be more appealing for those who prioritize low costs and high-speed execution, while XM could be preferable for traders who value educational support and a wide array of trading instruments.

In conclusion, both Tickmill and XM offer compelling features for forex traders. Prospective clients should consider their specific trading strategies and preference for educational resources when making their choice.