sogotrade
tickmill
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Overview
sogotrade was founded in 2016 and is headquartered in USA, while tickmill was established in 2020 and is based in GRENADINES. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. sogotrade serves 1,000,000+ clients worldwide; tickmill has 12,000,000+. Both brokers share the same minimum deposit of $250.
| Feature | sogotrade | tickmill |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F323 |
| Founded | 2016 | 2020 |
| Country | USA | GRENADINES |
| Clients | 1,000,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between sogotrade and tickmill, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. sogotrade charges withdrawal fees while tickmill does not, a notable advantage for frequent withdrawers. sogotrade applies inactivity fees on dormant accounts; tickmill does not. Overall, tickmill scores higher on fees in our assessment.
| Feature | sogotrade | tickmill |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
sogotrade offers MT4, MT5, cTrader, while tickmill supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. tickmill supports social and copy trading features, which sogotrade does not offer. sogotrade edges ahead on platform breadth and functionality in our scoring.
| Feature | sogotrade | tickmill |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how sogotrade and tickmill compare. sogotrade runs regular live webinars; tickmill does not. Both provide video tutorials. sogotrade publishes daily market commentary; tickmill does not. Both integrate third-party research tools. sogotrade maintains an archive of past webinars for on-demand viewing. sogotrade scores higher overall in education and research.
| Feature | sogotrade | tickmill |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. sogotrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while tickmill supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | sogotrade | tickmill |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both sogotrade and tickmill offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | sogotrade | tickmill |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |