Tickmill Overall rating

	Rating	Weight
User Rating	4.7 (177 reviews)	3
Popularity	5.0	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Tickmill using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Tickmill is a well-established broker in the forex industry, founded in 2014. It has quickly risen in the ranks, currently holding the second position out of 1102 forex brokers based on user ratings and expert evaluations. With 171 total user reviews, 161 of which are from verified real trading accounts, Tickmill has a commendable user rating of 4.7 out of 5. This high rating is a testament to its reliability and quality of service.

The broker is regulated by several reputable authorities, including the UK's FCA, Cyprus' CySEC and UAE's DFSA. These regulatory bodies ensure that Tickmill adheres to strict standards, providing a secure trading environment for its clients. It’s worth noting that even highly regulated and successful financial firms have faced challenges in the past, which highlights the importance of ongoing diligence and risk management.

Tickmill enjoys a high level of popularity, with 826,814 organic monthly visits, ranking 36th out of 1102 forex brokers for organic traffic. This popularity rating of 5.0 out of 5 underscores its strong presence in the market and its appeal to traders globally.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Tickmill Europe Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
Tickmill UK Ltd	United Kingdom - UK FCA		up to £85,000			30 : 1
Tickmill South Africa (Pty) Ltd	South Africa - ZA FSCA					500 : 1
Tickmill UK Ltd (DIFC Representative Office)	United Arab Emirates - AE DFSA					50 : 1
Tickmill Ltd	Seychelles - SC FSA					1000 : 1

Deposit Insurance

Tickmill offers investor compensation schemes under its regulatory frameworks to protect client funds. For clients under Tickmill Europe Ltd (regulated by CySEC) and Tickmill UK Ltd (regulated by the FCA), there are deposit compensation schemes in place that compensate investors if an authorized financial firm fails. These schemes add an additional layer of security for traders, ensuring that their deposits are safeguarded.

Furthermore, Tickmill ensures that client funds are kept in segregated accounts, separate from the company’s operating capital, across all its entities. This segregation is a regulatory requirement that helps protect client funds from company liabilities.

Spreads and Costs

Tickmill offers competitive spreads and costs, particularly in the forex and commodities asset classes. When comparing average spreads across different asset classes, Tickmill’s costs are generally in line with industry standards and, in some cases, lower than those of some leading brokers.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

When compared to other industry-leading brokers, Tickmill stands out for its regulatory oversight, high user ratings, and competitive spreads. For example, Tickmill's average forex spreads are lower than those of FBS and Forex.com, making it a cost-effective choice for forex traders. The broker's regulatory licenses from reputable authorities such as the FCA and CySEC provide a high level of trustworthiness and security for clients.

In terms of popularity, Tickmill ranks high with substantial web traffic, indicating its strong market presence. While some brokers like IC Markets and RoboForex offer a broader range of tradable instruments, Tickmill focuses on forex and indicies, which can be advantageous for traders specializing in these markets.

Overall, Tickmill is a well-rounded broker with strong regulatory credentials, competitive costs, and a high level of user satisfaction, making it a strong competitor among the top forex brokers.

Trading Platforms - Mobile, Desktop, Automated

Tickmill offers MetaTrader 4 and MetaTrader 5, both of which are available on desktop, mobile, and web platforms. These platforms are renowned for their comprehensive charting tools, extensive range of technical indicators, and automated trading capabilities through MQL4 and MQL5 programming languages.

MetaTrader platforms support automated trading, allowing users to create and deploy trading algorithms with ease. The programming languages, MQL4 for MT4 and MQL5 for MT5, are relatively easy to learn and widely supported by a large online community, providing ample resources for new and experienced traders alike.

What Can you Trade?

Tickmill offers a range of tradable instruments primarily focused on CFDs (Contracts for Difference). These include 60+ forex pairs, 9 crypto CFDs, 15+ stock index CFDs, and 4 commodities CFDs. CFDs allow traders to speculate on the price movements of various assets without owning the underlying assets.

This trading method offers the advantage of leverage, which can amplify gains but also increases the risk of significant losses. Traders should be mindful of the role of leverage and its impact on trading outcomes. For more details on the specific instruments available, visit Tickmill's instruments page.

Available Leverage

Tickmill offers varying leverage levels depending on the regulatory entity and the type of account. For retail clients under the UK FCA, AE DFSA and CySEC regulations, the maximum leverage is 30:1.

However, clients under Tickmill's entities in Malaysia, South Africa, and Seychelles can access leverage up to 500:1. This flexibility allows traders to choose leverage levels that suit their trading strategies and risk tolerance.

Prohibited Countries

Tickmill cannot open client accounts for residents of certain countries due to regulatory restrictions. These countries include the United States, Canada, Japan, and other jurisdictions where forex trading is heavily regulated or prohibited. Traders should check Tickmill's website or contact customer support to confirm if their country is eligible for account opening.

Tickmill Account types

	Classic	ECN Pro	VIP	Raw
Commission	-	2 Per Side Per 100K Traded	1 Per Side Per 100K Traded	3 Per Side Per 100K Traded
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile, MT5 Mobile
Trading platform	MT4, MT5, WebTrader
Spread Type	Variable Spread
Minimum Deposit	100		50000	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Classic
Maximum leverage	1000:1
Typical Spread	1.4
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ECN Pro
Commission	2 Per Side Per 100K Traded
Maximum leverage	1000:1
Typical Spread	0.2
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	VIP
Commission	1 Per Side Per 100K Traded
Maximum leverage	1000:1
Typical Spread	0.2
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	50000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Raw
Commission	3 Per Side Per 100K Traded
Maximum leverage	1000:1
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Tickmill Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Tickmill Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread