Rebate tiers compared
On our rates: XM's Ultra-Low account earns $7/lot FX and $14/lot metals; Tickmill Classic earns $7.5/$15 (Pro: $5/$10); FxPro MT4/MT5 earns $6/$12 while cTrader/Raw+ earns $7.5/$15. Metals and high-frequency trading favour Tickmill and FxPro; for balanced trading the gap is small.
Trading costs
Spreads: XM majors from 1.0 pips commission-free; Tickmill Classic is commission-free with slightly wider spreads, while Pro runs 0.0 pips plus $1.75 per-side commission; FxPro MT4/MT5 starts at 1.2 pips and cTrader/Raw+ offers zero spreads with commission up to $3.5 per side.
Platforms and tools
All three support MT4/MT5. The differences are around the edges: XM's research and education are among the industry's best; Tickmill stays lean and focused on low-cost execution, ideal for EAs; FxPro exclusively offers cTrader with DOM depth and finer order control, and the Raw+ account holds zero spreads 90%+ of the day.
Regulation and who suits whom
All three hold FCA (UK) licences: XM adds CySEC and others, Tickmill pairs FCA/CySEC with FSA (Seychelles), and FxPro adds SCB (Bahamas) plus FSCA (South Africa). In short: beginners and system learners pick XM; cost-sensitive and EA traders pick Tickmill; multi-platform and order-control needs pick FxPro. All three are available with rebates through us.