Octa (formerly OctaFX) vs Tickmill
A side-by-side comparison built from each broker's own published record — licenses checked against official registers, terms quoted from their own pages, with the source linked on every claim.
| Regulation | CySEC · MISA · FSCA | Financial Conduct Authority · Cyprus Securities and Exchange Commission · Seychelles Financial Services Authority · Financial Sector Conduct Authority · Dubai Financial Services Authority |
| License no. | CySEC 372/18 MISA T2023320 FSCA 51913 | Financial Conduct Authority FCA Register Number: 717270 Cyprus Securities and Exchange Commission License number: 278/15 Seychelles Financial Services Authority License number: SD008 Financial Sector Conduct Authority License number: FSP 49464 Dubai Financial Services Authority Reference Number: F007663 |
| Founded | 2011 | Not published |
| Minimum deposit | $25 | $100 |
| EUR/USD spread from | from 0.6 pips, floating (OctaTrader and MT5 accounts, published as "spreads from 0.6 pips on popular pairs" — no EURUSD-specific figure published) | 0.0 pips (Raw Account, $3 per lot per side); Classic Account from 1.6 pips, zero commission — published as account-level "Spreads From" on tickmill.com/trading/accounts-overview, not EURUSD-specific |
| Leverage | FSA Seychelles: 1:1000 dynamic — auto-steps to 1:500 / 1:100 / 1:30 as exposure grows; crypto starts 1:200 FCA (UK): Retail 1:30 (1:20 on indices and stocks) CySEC: Retail 1:30 · Professional 1:500 | |
| Gulf Payments | ||
| Platforms | OctaTrader, MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, TradingView, Tickmill Trader, MetaTrader WebTrader |
| Broker-published claim | Withdrawals usually take no longer than 3 hours. Per method: 1-3 hours to approve the withdrawal, then up to 5 minutes (cards), up to 30 minutes (crypto), or up to 1 hour (local banks) to transfer the funds. No fees or commission on our side whatsoever. [Source] | Processing Time On Withdrawal: "Within 1 Working Day" for every listed payment method (min withdrawal $25, no withdrawal commission); crypto FAQ adds "We usually process crypto withdrawals within a few minutes to 24 hours" [Source] |
| Withdrawal methods | Visa/Mastercard cards, bank transfer / local banks (e.g. THB, IDR, MYR, NGN rails), Skrill, Neteller, Bitcoin, Ethereum, Litecoin, Dogecoin, Tether USDT (ERC20), Tether USDT (TRC20) | Bank transfer, Visa/Mastercard (credit/debit card), Skrill, Neteller, UnionPay, Crypto (BTC, ETH, USDT, USDC — ERC20) |
| Crypto deposits/withdrawals | Yes | Yes |
| Islamic Accounts | Yes | Yes |
| Measured by us | Testing in progress | Testing in progress |
| Accepts clients from | Indonesia, Malaysia, Turkey, India, Thailand, Germany, Italy | United Kingdom, United Arab Emirates, Germany, Italy, China |
| Open account | Open account |
We do not name a winner here. The two records sit side by side because the right answer depends on where you live, what you trade, and which entity would onboard you — all of which the table shows.
By Country
- Octa (formerly OctaFX) + Tickmill: Germany, Italy
- Octa (formerly OctaFX) Yes / Tickmill No: Indonesia, Malaysia, Turkey, India, Thailand
- Tickmill Yes / Octa (formerly OctaFX) No: United Kingdom, United Arab Emirates, China
Is Octa (formerly OctaFX) or Tickmill better?
Neither is better in the abstract. Compare the rows that apply to you: whether each broker accepts clients from your country, which entity and regulator you would be onboarded under, the minimum deposit, and how withdrawals work on the rail you would actually use.
Which is safer, Octa (formerly OctaFX) or Tickmill?
Safety follows the entity that holds your money, not the brand. Both records list every regulator and license number each broker publishes — check which entity serves your country, then verify that license on the regulator's own register.