Quick Verdict — Norway Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
Tickmill
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for Norway Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:500
Max leverage
Head-to-head comparison
Norway retail traders comparing IC Markets vs Tickmill in 2026 face a choice between two highly respected forex and CFD brokers. IC Markets, with a 4.8/5 rating, is known for its ultra-tight spreads and institutional-grade execution, appealing to active traders. Tickmill, scoring 4/5, offers competitive pricing with lower minimum deposits and a user-friendly experience. Both brokers accept Norwegian clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. The local financial regulator oversees compliance, ensuring a secure trading environment. Whether you trade from Oslo or Bergen, this comparison covers spreads, platforms, regulation, and account types to help you decide which broker aligns with your trading style and goals.
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Overall Scores Comparison

IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS

Tickmill
FCA · CySEC · FSCA
3.3
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Tickmill | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Tickmill |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Tickmill |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Tickmill |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Tickmill |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $100 | Tickmill |
For Norway traders, trading costs are a key differentiator. IC Markets offers raw spreads from 0.0 pips on its Raw Spread account with a $7 round-turn commission per lot, ideal for scalpers and high-volume traders. Tickmill's Pro account starts at 0.1 pips with a $4 round-turn commission, making it slightly more expensive on spreads but cheaper on commission. On a standard lot of EUR/USD, IC Markets' total cost averages $7-8, while Tickmill's is around $8-10. For Norway traders executing 10+ lots monthly, IC Markets provides better value. Tickmill's Classic account has no commission but wider spreads, suiting lower-volume traders.
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Account Types Comparison
| Account Type | IC Markets | Tickmill |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $100 |
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Leverage Comparison - Norway Traders
| Entity / Asset | IC Markets | Tickmill |
|---|
| Norway (offshore) | Up to 1:5000 | Up to 1:500 |
| Forex major pairs | 1:5000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Norway Traders
Traders in Norway typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Tickmill | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | ✗ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Tickmill | Winner |
|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets uses Equinix NY4 data centers for ultra-low latency execution, with an average execution speed of under 40ms. Tickmill also offers fast execution with servers in London and New York, averaging 50-60ms. For Norway traders, IC Markets' infrastructure is superior for scalping and high-frequency trading. Tickmill's execution is still competitive for most retail strategies. Both brokers offer no requotes and fill-or-kill orders. IC Markets is the clear winner for execution quality.
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Regulation & Safety for Norway Traders
| Safety Factor | IC Markets | Tickmill |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Norway traders, neither broker is directly regulated by the local financial regulator, but they comply with European standards through
CySEC and FCA oversight. This means client funds are segregated, and negative balance protection applies. Norway traders should verify that the broker's license covers retail clients. IC Markets Global is not FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Norway traders may differ by entity.
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Deposits & Withdrawals for Norway
| Payment Method | IC Markets | Tickmill |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
Norway traders can fund accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT, among other methods. IC Markets requires a minimum deposit of $100, while Tickmill's is $100. Deposits via Skrill and Neteller are instant and fee-free, while Bank Transfer may take 1-3 business days and incur intermediary bank charges. USDT deposits are processed quickly with low fees. Withdrawals are processed within 24 hours at IC Markets and up to 48 hours at Tickmill, with Skrill/Neteller being the fastest. Both brokers do not charge internal withdrawal fees, but Norway traders should check their bank or e-wallet for any incoming transfer fees. For large withdrawals, Bank Transfer is reliable but slower.
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Islamic Accounts - Swap-Free for Norway Muslims
| Islamic Account Feature | IC Markets | Tickmill |
|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Tickmill offer swap-free Islamic accounts (no overnight interest) for Muslim traders in Norway. IC Markets provides Islamic accounts on its Standard and Raw Spread accounts, with no additional fees for swap-free status. Tickmill offers Islamic accounts on all account types, including Pro and Classic. Norway traders must request an Islamic account during registration or by contacting support. Both brokers require a genuine religious reason and may close swap-free accounts if abuse is detected. For long-term position holders, these accounts are cost-effective as they avoid overnight financing charges.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Tickmill | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 customer support via live chat, email, and phone, with fast response times. Tickmill provides 24/5 support with live chat and email, and phone support during business hours. For Norway traders, both brokers support English, but IC Markets has a slight edge with round-the-clock availability. Tickmill's support is reliable but limited on weekends. Both have comprehensive FAQ sections. For urgent issues, IC Markets' 24/7 live chat is preferable.
| Mobile Feature | IC Markets | Tickmill | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | Tickmill | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Tickmill
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Norway Guide
Choose IC Markets if you...
- Are a high-volume scalper or day trader seeking the lowest spreads and fastest execution
- Prefer cTrader platform for advanced charting and depth-of-market analysis
- Need 24/7 customer support and round-the-clock trading access
- Trade major forex pairs and commodities frequently from Norway
Choose Tickmill if you...
- Are a beginner or lower-volume trader with a smaller deposit ($100 minimum)
- Value FCA regulation and a simpler, commission-free Classic account
- Prefer MT4/MT5 without needing additional platforms like cTrader
- Want lower commission costs on the Pro account for medium-volume trading
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FAQ - IC Markets vs Tickmill in Norway
Is IC Markets or Tickmill better for Norway?
+Can Norway traders use both brokers legally?
+Which broker has lower spreads for Norway traders?
+How do Norway traders deposit at IC Markets and Tickmill?
+Do both brokers offer Islamic accounts for Norway?
+Final Verdict - Norway 2026
IC Markets wins overall
For Norway retail traders, IC Markets is the stronger choice overall with a 4.8/5 rating, offering tighter spreads, faster execution, and more platform options. Its support for Bank Transfer, Skrill, Neteller, and USDT makes deposits seamless, and its ASIC/CySEC regulation provides robust protection. Tickmill (4/5) is a worthy alternative for cost-conscious traders, especially those starting with $100 and valuing FCA oversight. The local financial regulator ensures both brokers operate compliantly for Norwegian clients. If you trade actively and prioritize raw spreads, IC Markets wins. For beginners or lower-volume traders, Tickmill offers excellent value. Test both with demo accounts to see which fits your strategy.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.