Tickmill is a well-regulated broker ideal for cost-conscious traders.
Tickmill suits traders prioritizing low costs and strong regulatory oversight, particularly those engaged in high-volume strategies like scalping. Its strongest advantage lies in its competitive Raw account spreads combined with robust multi-jurisdictional regulation. The main compromise is the limited explicit detail on its full range of tradable instruments and payment options. Overall, Tickmill is a solid choice for experienced traders seeking a reliable and cost-effective trading environment.
| Regulation | FCA, CySEC, FSCA, FSA, DFSA |
| Founded | 2014 |
| Headquarters | London, Cyprus, Seychelles |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:1000 |
| US Clients | Not accepted |
| EUR/USD Spread | From 0.0 pips + $3/lot |
| Trading Platforms | MT4, MT5, TradingView |
| Instruments | Forex, Commodities, Cryptocurrencies, Stock Indices, CFD Stocks & ETFs |
| Deposit Methods | Visa & Mastercard, Bank Wire Transfer, Crypto Payments, Skrill & Neteller, UnionPay |
| Withdrawal Time | Instant |
| Customer Support | support@tickmill.com |
| Website | tickmill.com |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
Our scoring methodology evaluates brokers across key areas like trust, fees, platforms, and support. We assign scores from 3.0 to 5.0, reflecting a broker’s strengths and weaknesses based on verified data. This approach helps traders understand where a broker truly excels or falls short.
Is Tickmill Regulated & Safe?
Tickmill operates under a robust multi-regulatory framework, holding licenses from several reputable financial authorities. This extensive oversight, including Tier-1 regulators like the FCA and CySEC, provides a high level of client protection. The broker also segregates client funds and offers negative balance protection, reinforcing its commitment to safety. Overall, Tickmill appears to be a secure choice for traders.
- Regulator
- FCA, CySEC, FSCA, FSA, DFSA
- License Number
- 717270, 278/15, FSP No. 49464, SD008, F007663
- Tier
- Tier 1, Tier 2, Tier 3
- Client Fund Segregation
- Yes
- Compensation Scheme
- FSCS (UK), ICF (EU), Lloyd's of London (Seychelles)
- Negative Balance Protection
- Yes
- Founded
- 2014
- Headquarters
- Mahe, Seychelles; London, UK; Cyprus
The FCA issued a warning identifying Tickmill UK Ltd (717270) as the genuine firm whose details were misused by a clone firm. This indicates that Tickmill itself is legitimate, and its details were exploited in a scam, not that Tickmill was involved in any wrongdoing.
Always verify a broker's license number directly on the regulator's website to ensure you are dealing with the legitimate entity and not a clone firm.
Tickmill does not accept clients from the United States.
Fees, Spreads & Commissions
Tickmill offers a dual-pricing model with both commission-free and commission-based accounts, allowing traders to choose based on their strategy. The Raw account stands out for its exceptionally tight spreads, often from 0.0 pips, complemented by a per-lot commission. This structure makes it highly competitive, especially for high-frequency traders, often outperforming many industry peers on effective trading costs.
| Instrument | Raw Account | Classic Account |
|---|---|---|
| EUR/USD | 0.0 pips + $3/lot | 1.6 pips |
| GBP/USD | 0.0 pips + $3/lot | 1.6 pips |
| Gold XAUUSD | 0.0 pips + $3/lot | 1.6 pips |
Tickmill provides clear fee structures, allowing traders to easily compare costs across its different account types.
Islamic (swap-free) accounts are available on all account types, though administrative costs may apply after a grace period for certain instruments.
Account Types Explained
Tickmill offers a range of account types designed to suit various trading styles and experience levels. From the commission-free Classic account for beginners to the Raw and TradingView Raw accounts for advanced traders, there’s a clear differentiation in pricing. Opening an account is straightforward, and a demo option allows risk-free exploration of the platform before committing real capital.
- Ideal for beginners
- Simple pricing
- No commission fees
- Suits advanced traders
- Ultra-low spreads
- Fixed commission per lot
- Integrates with TradingView
- Low spreads
- Specific commission structure
- Sharia-compliant trading
- Swap-free conditions
- Available on all account types
Account Comparison
| Feature | Classic Account | Raw Account | TradingView Raw |
|---|---|---|---|
| Min Deposit | $100 | $100 | $100 |
| Spread From | 1.6 pips | 0.0 pips | 0.0 pips |
| Commission | Zero Commissions | $3 per lot per side | $3.5 per lot per side |
| Max Leverage | 1:1000 | 1:1000 | 1:1000 |
| Instruments | Forex, Commodities, Cryptocurrencies, Stock Indices, CFD Stocks & ETFs | Forex, Commodities, Cryptocurrencies, Stock Indices, CFD Stocks & ETFs | Forex, Commodities, Cryptocurrencies, Stock Indices, CFD Stocks & ETFs |
| Account Currency | USD, EUR, GBP, ZAR | USD, EUR, GBP, ZAR | USD |
A demo account is available for risk-free practice, mirroring live market conditions for spreads and commissions.
Trading Platforms & Tools
Tickmill provides access to the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their comprehensive charting tools and algorithmic trading capabilities. Additionally, the broker supports TradingView, catering to traders who prefer its advanced charting and social trading features. This selection ensures connectivity for most trader types, from manual discretionary traders to those employing automated strategies.
Platform Feature Comparison
| Feature | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Platform Type | Desktop, Web, Mobile | Desktop, Web, Mobile |
| Expert Advisors | Yes | Yes |
| Copy Trading | No | No |
| Chart Types | Yes | Yes |
| One-Click Trading | Yes | Yes |
Deposits & Withdrawals
Tickmill requires a minimum deposit of $100 to open a live trading account. While this is an accessible entry point, specific details regarding available deposit and withdrawal methods, their processing times, and any associated broker fees are not extensively disclosed in the provided research. Traders should verify these details directly with the broker to understand the full scope of funding options.
| Payment Method | Currencies | Processing Time | Min. Deposit |
|---|---|---|---|
| Visa / Mastercard | USD, EUR, GBP | Instant | $100 |
| Bank Wire Transfer | USD, EUR, GBP, ZAR | 1 – 3 business days | $100 |
| Crypto Payments | BTC, ETH, USDT, USDC | Instant / 24-7 | $100 |
| Skrill & Neteller | USD, EUR, GBP | Instant | $100 |
| UnionPay | CNY | Instant | ¥700 |
Always confirm the exact deposit and withdrawal methods, processing times, and any potential fees directly on the broker's website before funding your account.
Education, Research & Analysis
Tickmill offers an extensive selection of free educational resources, daily market insights, and advanced research tools designed for both beginner and experienced traders.
Based on the available research, Tickmill's educational and research offerings are not detailed. Traders who prioritize comprehensive learning resources may need to seek additional information or consider other brokers.
Frequently Asked Questions
Is Tickmill a legitimate and regulated forex broker?
Yes, Tickmill is a legitimate broker regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. This extensive regulatory oversight helps ensure client safety.
What is the minimum deposit required to open a Tickmill trading account?
To open a live trading account with Tickmill, you need a minimum deposit of $100. This applies to all their main account types, including the Classic and Raw accounts, making it accessible for many traders.
How do Tickmill's spreads and commissions compare to other brokers?
Tickmill offers competitive spreads, starting from 1.6 pips on its Classic account with zero commissions. For its Raw account, spreads begin at 0.0 pips, accompanied by a commission of $3 per lot per side for forex and precious metals, which is very competitive for high-volume traders.
What is the maximum leverage available when trading with Tickmill?
Tickmill offers maximum leverage of up to 1:1000, though this can vary significantly based on the regulatory entity and the client’s jurisdiction. For instance, EU and UK clients typically receive leverage capped at 1:30, while other entities may offer up to 1:500 or 1:1000.
Does Tickmill provide a demo account for practice trading?
Yes, Tickmill offers a demo account. This allows traders to practice strategies and explore the platform in a risk-free environment, using virtual funds that mirror live market conditions for spreads and commissions.
Are Islamic, swap-free accounts available at Tickmill for Muslim traders?
Yes, Tickmill provides Islamic accounts, which are swap-free and Sharia-compliant. These accounts are available across all account types, maintaining the same spreads and commissions as their regular counterparts, though administrative costs may apply after a grace period for specific instruments.
Which trading platforms can I use with Tickmill?
Tickmill supports popular trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView. This selection provides traders with a range of options for charting, analysis, and order execution.
What kind of traders would find Tickmill most suitable?
Tickmill is particularly suitable for advanced traders, scalpers, and those employing high-frequency strategies due to its Raw account’s ultra-low spreads. Beginners who prefer a simple, commission-free pricing structure might also find the Classic account appealing.
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