Exness ($1 minimum) and Tickmill ($100 minimum) are both excellent brokers for budget-conscious traders. But which one should you actually use? This guide, based on real data from 371+ brokers in the BrokersDB database, breaks down the real differences between these two brokers.
Side-by-Side Comparison
| Feature | Exness | Tickmill | Winner |
|---|---|---|---|
| Minimum Deposit | $1 | $100 | 🏆 Exness |
| EUR/USD Spread (Standard) | 1 pip (avg) | 1.6 pips (from) | 🏆 Exness |
| EUR/USD Spread (Raw) | 0.0 pips (from) | 0.0 pips (from) | 🟰 Tie |
| Commission (Raw) | $3.50/lot/side | $6/lot round turn | 🏆 Exness |
| Platforms | MT4/MT5/Exness Terminal | MT4/MT5/cTrader | 🏆 Tickmill (cTrader) |
| Regulation | CySEC/FSA/FCA | CySEC/FCA/FSA/FSCA/Labuan | 🏆 Tickmill (more jurisdictions) |
| Execution Speed | 25ms avg | 200ms avg | 🏆 Exness |
| VIP Account | ❌ No | ✅ Yes ($50,000 min) | 🏆 Tickmill |
Exness: Maximum Accessibility
Exness is the world's most accessible broker—you can open an account with just $1 and start trading. Based on BrokersDB data:
- **Standard Account:** $1 minimum, 0.3 pips from, average 1 pip on EUR/USD, no commission.
- **Raw Spread Account:** $10 minimum, 0.0 pips from, average 0.1 pips on EUR/USD, $3.50/lot/side commission.
- **Regulation:** CySEC (Cyprus), FSA (Seychelles), FCA (UK).
- **Platforms:** MT4, MT5, and Exness Terminal.
- **Execution:** 25ms average speed—among the fastest in retail forex.
Exness is ideal if you want to test trading with minimal capital. Their 25ms execution speed is excellent, and their instant withdrawal system allows you to access funds quickly. Their unlimited leverage option (for non-EU traders) is attractive for aggressive traders.
Tickmill: Best for High-Volume Traders
Tickmill offers excellent conditions for high-volume traders through their VIP account. Based on BrokersDB data:
- **Classic Account:** $100 minimum, 1.6 pips from, no commission.
- **Raw Account:** $100 minimum, 0.0 pips from, average 0.1 pips on EUR/USD, $6/lot round turn commission.
- **VIP Account:** $50,000 minimum, 0.0 pips from, 0.0 pips average, $2/lot round turn commission.
- **Regulation:** FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), Labuan FSA (Malaysia).
- **Platforms:** MT4, MT5, and cTrader.
While the $50,000 minimum deposit for the VIP account is high, the $2/lot commission makes it extremely cost-effective for high-volume traders. If you trade 100+ lots per month, the savings are significant.
Which Should You Choose?
- **Choose Exness if:** You want the absolute lowest barrier to entry ($1), fastest execution (25ms), and instant withdrawals.
- **Choose Tickmill if:** You are a high-volume trader who can benefit from the VIP account with $2/lot commission.
Exness offers unlimited leverage (up to 1:unlimited) for some entities. While attractive for aggressive traders, this is extremely risky. Only use high leverage if you fully understand the risks and have proper risk management.
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