Tickmill Review 2024


3.3 / 5
Tickmill is #107 in our CFD broker rankings.

We recommend Tickmill for traders seeking low fees and popular financial markets on the MetaTrader platforms. The digital joining process will also appeal to investors that want to start trading quickly.

- Daytrading Review Team

Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Over 660,000 traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors.

$100
MT4, MT5, TradingView
Forex, CFDs, indices, commodities, bonds
30% deposit bonus
USD, EUR, GBP, PLN
Skrill, Neteller, Visa, WebMoney, QIWI, Wire Transfer, FasaPay, Rapid Transfer, Perfect Money, Swift, Sticpay, Paysafecard, M-Pesa, GlobePay
Forex Trading

Trade 60+ major, minor and exotic currency pairs, including GBP/USD, EUR/GBP, and ZAR/USD, with spreads as low as 0 pips and ultra-fast execution speeds.

Stock Trading

Trade 500+ CFD stocks and ETFs with leverage up to 1:20 and no commission. You can also speculate on popular indices from major economies, including the US, EU and UK.

CFD Trading

Speculate on the price movement of 500+ instruments including forex, stocks, commodities and crypto with a low minimum deposit of $100. You can go long or short with leverage in line with regulatory requirements.

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

✓ Pros

  • Strong suite of trading tools; MT4, MT5, VPS, Autochartist, Acuity, and forex calculators
  • Beginner-friendly educational content with user tutorials and analyst insights
  • Three live accounts with five base currencies and competitive pricing
  • Overseen by tier-one and tier-two regulators; FCA and CySEC
  • Above-average selection of funding methods including PayPal
  • 500+ markets including forex, stocks and commodities
  • Hedging and scalping permitted

✗ Cons

  • Services not available to clients from the US, Japan or Canada
  • Limited regulatory oversight if you sign up with the offshore branch
  • Telephone support available during office hours only

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.

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.

Top 3 Alternatives to Tickmill

Compare Tickmill with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

Tickmill Comparison Table

Compare Tickmill With Similar Brokers
Tickmill IG Interactive Brokers World Forex
Rating 3.3 4.4 4.3 4
Markets Forex, CFDs, indices, commodities, bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Regulators FCA, CySEC, FSA, LFSA, SC FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB SVGFSA
Bonus 30% deposit bonus 100% Deposit Bonus
Education Yes Yes Yes No
Platforms MT4, MT5, TradingView Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 14 6 6 10
Visit Visit Visit Visit
Review IG
Review
Interactive Brokers
Review
World Forex
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 IG Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver No Yes No Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

Tickmill vs Other Brokers

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

 

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Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Over 660,000 traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors.

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.