Tickmill vs BullWaves: Which Is Better in 2026? Regulation, Spreads, Withdrawals Compared

	Tickmill	BullWaves
Founded	2014	2023
Regulation	FCA, CySEC, FSA Seychelles, FSCA, Labuan FSA	FSA Seychelles
Min. deposit	from $100	$100
Spreads & commissions	Classic from 1.6 pips; Raw from 0.0 + $3 per lot per side	from 1.6 pips (Classic); Raw: $3 per lot per side (ECN)
Leverage	up to 1:1000 offshore; 1:30 in the EU and UK	up to 1:500 (1:200 energies, 1:20 shares)
Platforms	MT4, MT5, Tickmill Trader, TradingView	MT5
Bonuses	$30 no-deposit welcome bonus in some regions; cashback for active traders	in some regions
Copy trading	— check	yes
Funding & withdrawals	cards, transfers, Skrill, Neteller, crypto; no broker fees	see the BullWaves review

Who Tickmill suits

One of the lowest Raw-account commissions among regulated brokers; strong in Europe and Asia. Weak spots: classic account from 1.6 pips is expensive; no cent accounts; limited instruments compared to multi-asset brokers.

Who BullWaves suits

MT5, ECN from 0.1, copy trading, deposit bonus. Best for copy trading and the deposit bonus. We hold a live account at BullWaves and measure conditions monthly — details in the review.

Our take

If a familiar brand or bonuses matter most, Tickmill remains a workable choice. If you value execution and withdrawal conditions we have tested, all-in cost and a clear contracting entity for your country — BullWaves.

Other comparisons: Tickmill vs Vantage, Tickmill vs VT Markets.

Frequently asked questions

Which is safer, Tickmill or BullWaves?

Tickmill: FCA, CySEC, FSA Seychelles, FSCA, Labuan FSA, since 2014. BullWaves: FSA Seychelles, since 2023. What matters most is which entity contracts with you in your country — see the reviews.

Who has lower spreads, Tickmill or BullWaves?

Tickmill: Classic from 1.6 pips; Raw from 0.0 + $3 per lot per side. BullWaves: from 1.6 pips (Classic); Raw account $3 per lot per side (ECN).