Tickmill Review 2023

2.5
/ 5
Tickmill is #115 in our CFD broker rankings.

Tickmill is FCA & CySEC regulated and offers trading in CFDs, FX and commodities.


Trusted

Demo Account

Beginner Friendly

Award Winning
$100
MT4, TradingView
Forex, CFDs, indices, commodities, bonds
30% deposit bonus
USD, EUR, GBP, PLN
Neteller, Wire Transfer, Skrill, Visa, WebMoney
and 9 more

Forex Trading

Trade on majors, minors and exotics with up to 1:500 leverage.

Stocks Trading

Trade on over a dozen of the largest stock indexes.

CFD Trading

Trade on 80+ CFD instruments across FX, stock indices, & commodities.

Crypto Trading

Not Available

Awards

  • Best Commodities Broker 2020 - Rankia Markets Experience Expo
  • Best Trading Experience 2020 - Forex Brokers Award
  • Best Forex Execution Broker 2019 - CFI.co Awards
  • Best CFD Broker Asia 2019 - International Business Magazine
  • Best Forex CFD Provider 2019 - Online Personal Wealth Awards

Tickmill is an award-winning ECN broker offering trading in forex, indices and commodities. This review explores the MetaTrader 4 (MT4) trading platform, spreads, bonuses, plus deposit and withdrawal options. Find out whether you should sign up for a Tickmill account.

Tickmill Company Summary

Tickmill Ltd is a member of the global Tickmill Group, which consists of several trading companies established in the 1980s. Today, the broker operates in over 200 countries with an average monthly trading volume of 121bn+.

Its headquarters are in London but the company has multiple offices worldwide and its clients can be found everywhere from Indonesia, South Africa, and Tanzania, to Vietnam, Estonia, Australia, and Malaysia.

Also part of the Tickmill Group Ltd is Tickmill Prime and Tickmill UK, registered in the Isle of Man.

Trading Platforms

MT4 Platform

Hugely popular due to its ease of navigation, dashboard customisation and suite of features, MT4 is the leading forex trading platform.

Traders benefit from:

WebTrader Platform

As an online platform, the web-based interface doesn’t require a software download.

Features include:

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Assets

Clients have access to a range of tradeable instruments:

Spreads & Fees

The Tickmill Classic account is commission-free with variable spreads starting from 1.6 pips. For Pro and VIP account holders, spreads begin at zero pips with low commissions.

Transaction fees are covered up to $100, but dormant accounts may be charged an inactivity fee. Triple swap charges apply to positions held overnight.

Leverage

The maximum leverage available is 1:500, but varies depending on the asset:

A margin calculator and detailed information regarding margin requirements can be found on the Tickmill website.

Mobile App

Mobile trading is available on Android (APK) and Apple (iOS) devices and makes trading on the move straightforward while retaining almost all of the desktop features. Users can analyse markets, price trends, and trade directly from charts. Mobile traders can also deposit funds, withdraw profits, and use available bonuses.

Tickmill mobile trading
Tickmill mobile trading

Payment Methods

Accepted payment methods include bank transfer, Visa/Mastercard, Skrill, Neteller and QIWI. The minimum deposit for Classic and Pro accounts is $100 and for a VIP account, it’s $5,000. The minimum withdrawal is $25. Payments are processed in EUR, GBP, USD and PLN.

To make a deposit or withdrawal, head to the Client Area. Customer reviews of the payment process are generally positive.

Demo Account

Tickmill offers a forex and CFD demo account. The practice account is a great opportunity to test the MT4 platform, new strategies and explore additional features, without the risk of losses. You can open a demo account from the broker’s homepage. The demo server also has rich market history data.

Deals & Promotions

Four promotional offers are available:

For any issues claiming your deposit bonuses, see full bonus terms and conditions under the ‘Promotions’ tab. The customer support team can also assist with bonus queries.

Note, deals are not available to all account holders and in all jurisdictions. For clients trading with Tickmill UK and Tickmill Europe, access to promotions will be limited due to regulatory oversight.

Regulation & Licensing

Tickmill Ltd is regulated by the Seychelles Financial Services Authority (FSA). Tickmill UK Ltd is authorised by the Financial Conduct Authority (FCA). Tickmill Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). These are reputable regulatory agencies and help contribute to the broker’s high trust rating.

Additional Features

Tickmill offers multiple additional features to assist traders, including:

Tickmill economic calendar
Tickmill economic calendar

Account Types

Tickmill offers three account types:

An Islamic trading account is also available.

For issues regarding invalid account requests, check the list of accepted countries below or contact the customer support team.

Benefits

Advantages of trading with Tickmill include:

Drawbacks

Disadvantages of trading with Tickmill include:

Trading Hours

FX trading is available 24 hours, 5 days a week. German bonds can be traded between 00:00 to 23:00 GMT. Gold markets are open from Monday to Friday, 01:02 to 23:57 GMT and Silver Monday to Thursday from 01:00-24:00 GMT, and Friday 01:00 to 23:57 GMT.

Opening times for CFDs will depend on their respective market. Head to the official Tickmill website for more information. Trading hours can also be viewed in the MT4 terminal.

Customer Support

Customer support is available Monday to Friday 7:00 – 16:00 GMT via:

The support team can help with a range of queries, from registration and verification documents to swap-free conditions, forgotten passwords and account FAQs.

Additional information can be found on Tickmill’s LinkedIn and YouTube platforms.

Security

Tickmill’s internal systems are FSA compliant, so client funds are held in segregated accounts. The broker adheres to industry safety standards and only offers secure deposit and withdrawal options. Negative balance protection is available to all clients.

Tickmill Verdict

Tickmill is a regulated broker offering the MT4 trading platform, a suite of additional resources, plus multiple account options. Take Tickmill’s services vs Pepperstone, XM, ZuluTrade or IC Markets, and traders benefit from competitive fees but sacrifice such a diverse product list.

Accepted Countries

Tickmill accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Tickmill from United States, Canada, Japan, Bangladesh, Nigeria, Pakistan, Kenya.

Payment Methods

Tickmill Details

Minimum Trade 0.01 lots
Regulated By FCA, CySEC, FSA, LFSA, SC
Account Types
  • ECN
  • PAMM
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
ELWs No
REITs No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Trade Signals Yes
Inactivity Fee 0
Guaranteed Stop Loss No
Commodities
  • Gold
  • Natural Gas

CFD Trading Details

FTSE Spread 0.9
GBPUSD Spread 0.3
Oil Spread 0.4
Stocks Spread N/A
Leverage 1:500

Forex Trading Details

GBPUSD Spread 0.3
EURUSD Spread 0.1
EURGBP Spread 0.4
Assets 62

Compare Tickmill

Compare Tickmill with similar brokers that accept traders from your location. Among available brokers these are the most similar to Tickmill:

  1. OANDA – OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus
    Go to OANDA
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
    Go to Forex.com
  3. Webull – Webull offers a popular online stock trading app with low fees and generous bonuses.
    Go to Webull

Tickmill Comparison Table

Compare Tickmill With Similar Brokers
Tickmill OANDA Forex.com Webull
Rating 2.5 4.5 4.5 4.4
Markets Forex, CFDs, indices, commodities, bonds Forex Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $100 $0
Minimum Trade 0.01 lots $0 $1 $5
Regulators FCA, CySEC, FSA, LFSA, SC CFTC, NFA CySEC, IIROC, NFA, CFTC, FCA, CIMA SEC, FINRA
Bonus 30% deposit bonus $5,000 welcome bonus with a deposit of $500 No Six free stocks
Education Yes Yes Yes Yes
Platforms MT4, TradingView MT4, TradingView, AutoChartist MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:500 1:30 EU, 1:200 Global 1:200
Payment Methods 14 12 8 3
Visit Visit Visit Visit
Review Tickmill
Review
OANDA
Review
Forex.com
Review
Webull
Review

Compare Trading Instruments

Compare the markets and instruments offered by Tickmill and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Tickmill Trading Instruments
Tickmill OANDA Forex.com Webull
CFD Yes No Yes No
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes No
Oil No No Yes No
Gold Yes Yes Yes No
Copper No Yes No No
Silver No Yes Yes No
Corn No Yes No No
Crypto No Yes Yes Yes
Futures No No Yes No
Options No No Yes Yes
ETFs No No No Yes
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Tickmill vs Other Brokers

Compare Tickmill with any other broker by selecting the other broker below.

Tickmill vs

FAQ

Does Tickmill offer an Islamic account?

Yes, Tickmill offers a swap-free account, compliant with Sharia law. See the broker’s website for instructions on how to open an account.

Is Tickmill a true ECN broker?

Yes, Tickmill is an ECN broker and not a market maker. This arguably means clients benefit from lower fees and operate in a more transparent trading environment.

Is Tickmill available to US clients?

No, services are not available to those from the US. Traders from Canada, Japan and some other countries are also unable to open real-money trading accounts.

Is Tickmill a good broker?

Tickmill is a highly regulated and well-established broker, offering the popular MT4 platform. With decent welcome bonuses and customer support also available, Tickmill a solid online broker.

Does Tickmill have the NASDAQ?

Yes, clients can trade on the NASDAQ. Tickmill traders also have access to a dozen or so other stock indices, plus 62 currency pairs, commodities, and German bonds.

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Tickmill is FCA & CySEC regulated and offers trading in CFDs, FX and commodities.