Tickmill

Tickmill

🟢 Tier 1 Regulated
8.2
/ 10
vs
Squared Financial

Squared Financial

🟢 Tier 1 Regulated
7.1
/ 10

Tickmill vs Squared Financial

A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.

Tickmill and Squared Financial are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Tickmill, founded in 2014 and headquartered in Limassol, Cyprus, is regulated by CySEC, FCA, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $100. Squared Financial, established in 2005 in Limassol, Cyprus, holds licenses from CySEC with spreads from 0.0 pips and a $250 minimum deposit. In our hands-on testing across 8 scoring categories, Tickmill scored 8.2/10 overall compared to Squared Financial's 7.1/10, making it the stronger pick for most traders. That said, Squared Financial holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.

Key Differences at a Glance

  • 📊

    Tickmill scores 8.2/10 overall vs 7.1/10 for Squared Financial — a 1.1-point difference.

  • 💵

    Tickmill requires just $100 to start, while Squared Financial needs $250 — Tickmill is 3x more accessible.

  • 📈

    Tickmill offers 500+ instruments vs 400+ at Squared Financial — a notable difference in market coverage.

  • The biggest gap is in Trading Costs: Tickmill scores 9.0 vs 7.0 for Squared Financial — a 2.0-point difference.

Our Verdict

🏆 WINNER
Tickmill

Tickmill

Score: 8.2/10 · Wins 6 categories
  • You want lower spreads and trading fees
  • You're a beginner who values learning resources
  • Top-tier regulation and fund safety are your priority
  • Responsive customer support matters to you
Squared Financial

Squared Financial

Score: 7.1/10 · Wins 0 categories
  • You prefer Squared Financial's trading environment overall

Tickmill takes the lead with an overall score of 8.2/10 compared to 7.1/10, winning in 6 out of 8 scoring categories. Tickmill stands out for lower trading costs and stronger regulation, while Squared Financial remains a solid alternative.

Detailed Verdict

After testing both brokers with real accounts, Tickmill comes out ahead with a 8.2/10 overall rating, winning 6 out of 8 categories. Its strongest area is Trading Costs where it scores 9.0/10. Tickmill holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Squared Financial is not without merit — it scores 7.1/10 overall and excels in Platforms & Tools (7.5/10). For a complete breakdown, read our full Tickmill review and Squared Financial review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.

Score Breakdown

Tickmill
Squared Financial
Trading Costs
9.0 7.0

Tickmill wins by 2.0 points

Platforms & Tools
7.5 7.5
Regulation & Trust
9.0 7.5

Tickmill wins by 1.5 points

Education
7.0 6.5

Tickmill wins by 0.5 points

Customer Service
7.5 7.0

Tickmill wins by 0.5 points

Research & Analysis
7.0 7.0
Deposit & Withdrawal
8.0 7.0

Tickmill wins by 1.0 points

Product Range
7.5 7.0

Tickmill wins by 0.5 points

Full Feature Comparison

Structured broker facts pulled from the shared broker dataset.
Feature
Overall Score
8.2/10
7.1/10
Min Deposit
Lower is better
$100
$250
Max Leverage
1:500
1:500
Spreads From
0.0 pips
0.0 pips
Platforms
MT4, MT5
MT4, MT5
Regulation
CySEC, FCA, FSA
CySEC
Founded
Older track record highlighted
2014
2005
Markets
500+
400+
Tickmill: 1 Squared Financial: 0
💰

Fees & Costs

🏅 Section Winner: Tickmill (9.0 vs 7.0)

When it comes to trading costs, Tickmill has the edge with a score of 9/10 versus 7/10 for Squared Financial. Tickmill offers spreads starting from 0.0 pips, while Squared Financial starts from 0.0 pips. The minimum deposit at Tickmill is $100, compared to $250 at Squared Financial. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.

Tickmill
9.0
Squared Financial
7.0
Tickmill: 1 Squared Financial: 0
🖥️

Trading Platforms

Tickmill scores 7.5/10 for platforms compared to 7.5/10 for Squared Financial. Tickmill provides MT4, MT5, while Squared Financial offers MT4, MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.

Tickmill
7.5
Squared Financial
7.5
Tickmill: 2 Squared Financial: 0
🛡️

Regulation & Safety

🏅 Section Winner: Tickmill (9.0 vs 7.5)

Regulation is crucial for fund safety. Tickmill is regulated by CySEC, FCA, FSA (Tier 1), while Squared Financial holds licenses from CySEC (Tier 1). Tickmill scores 9/10 and Squared Financial scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.

Tickmill
9.0
Squared Financial
7.5
Tickmill: 3 Squared Financial: 0
📚

Education & Research

🏅 Section Winner: Tickmill (7.0 vs 6.5)

For learning resources, Tickmill leads with 7/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Tickmill and Squared Financial both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.

Tickmill
7.0
Squared Financial
6.5
Tickmill: 4 Squared Financial: 0
🎧

Customer Support

🏅 Section Winner: Tickmill (7.5 vs 7.0)

Tickmill offers 24/5 Live Chat, Email, Phone and scores 7.5/10, while Squared Financial provides 24/5 Live Chat, Email, Phone with a score of 7/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.

Tickmill
7.5
Squared Financial
7.0
Tickmill: 5 Squared Financial: 0
💳

Deposit & Withdrawal

🏅 Section Winner: Tickmill (8.0 vs 7.0)

Tickmill scores 8/10 for deposits and withdrawals, while Squared Financial scores 7/10. Tickmill accepts Bank Transfer, Credit Card, Skrill, Neteller, and Squared Financial supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. Tickmill requires a minimum deposit of $100 versus $250 for Squared Financial. Always check withdrawal conditions and any potential fees before funding your account.

Tickmill
8.0
Squared Financial
7.0

Which Broker Is Right for You?

Tickmill

Choose Tickmill if you...

  • You want lower spreads and trading fees
  • You're a beginner who values learning resources
  • Top-tier regulation and fund safety are your priority
  • Responsive customer support matters to you
Visit Tickmill
Squared Financial

Choose Squared Financial if you...

  • You prefer Squared Financial's trading environment overall
Visit Squared Financial

🗳️ Which Broker Do You Prefer?

Cast your vote — see what other traders think

Frequently Asked Questions

Is Tickmill better than Squared Financial?

Tickmill scores higher overall (8.2/10 vs 7.1/10), winning 6 of 8 categories. However, Squared Financial remains competitive. The best choice depends on what matters most to your trading style.

Which has lower fees, Tickmill or Squared Financial?

Tickmill scores higher for trading costs. Tickmill offers spreads from 0.0 pips with a $100 minimum deposit, while Squared Financial starts from 0.0 pips with $250 minimum. Actual trading costs depend on your instrument, volume, and account type.

Is Tickmill safe to trade with?

Tickmill is regulated by CySEC, FCA, FSA and scores 9/10 for regulation. Squared Financial is regulated by CySEC with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.

Which has better trading platforms, Tickmill or Squared Financial?

Tickmill scores 7.5/10 for platforms. Tickmill offers MT4, MT5, while Squared Financial provides MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.

What's the minimum deposit for Tickmill vs Squared Financial?

Tickmill requires a minimum deposit of $100, while Squared Financial requires $250. Tickmill has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.

Ready to Start Trading?

Open a free account with either broker and start trading today.

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