Tickmill Broker Review

$30 Welcome Account
Minimum Deposit
0.0 pips
US Traders
MetaTrader 4, WebTrader

Tickmill is an online FX/CFD provider, launched in 2014, which currently peddles its services in an impressive number of countries- legally.

Indeed, regulation is one of the strengths of this broker. While its parent company is based in the Seychelles (and that would make the broker an offshore operation) there are a couple of subsidiaries based in the UK and in Cyprus too, which are regulated by the local financial authorities.

This way, the broker has secured the kind of global reach which is – without a doubt – the envy of its peers. Above and beyond that though, it offers a number of other perks/angles, which are also integral parts of its success-recipe.

Reputation is yet another of Tickmill’s strengths. We are not talking about the sort of artificially generated reputation either that reviewers mostly disseminate. We are talking about actual user feedback posted at sites such as Trustpilot, where actual traders share their experiences. This sort of raw feedback is never short on complaints, mostly concerning spread manipulation and withdrawal issues, and Tickmill is no exception in this regard. That said, the big picture feedback-wise is still very much in favor of the broker.

As mentioned above, the corporate background of the operator is a rather intricate one.

The parent operation is the one located on the Seychelles, represented by Tickmill Ltd.

The exact address of the company is 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles. The regulator behind the Seychelles branch is the local Financial Services Authority, which has granted the broker a license too (#SD 008).

While the broker does offer a rather impressive selection of promotions (some of which do indeed carry real value), only traders using the Seychelles-based side of the business can take advantage of these deals.

The requirements of the other regulators Tickmill are involved with, forbid the offering of such promotions, especially of the type that encourages more trading and larger deposits.

The UK side of the operation is pushed by Tickmill UK Ltd. Based at 1 Fore Street, London EC2Y 9DT, this branch of the broker is regulated and licensed by the FCA. Its FCA license number is 717270.

The Cyprus-based company is Tickmill Europe Ltd, and it is licensed by CySEC. Besides being a CIF (Cyprus Investment Firm), Tickmill is also MiFID II-compliant. Its license number is 278/15.

They do not accept traders from the USA.

While it is always good for a broker to be properly regulated, for practical traders, good trading conditions make a much better draw. Tickmill have a very solid offer going in this regard too. The brokerage has a number of account types, some of which feature spreads starting from 0 pips.

Other unique selling points are the ultra-fast execution offered, as well as the fact that the broker allows all trading strategies. Coupled with the unrestricted use of EAs, this is indeed quite the asset.

Besides the more traditional assets offered, the broker also supports cryptocurrency-based CFDs (more precisely, the BTC/USD pair).

Before you ask: no, you cannot purchase actual cryptocurrencies through the broker.

Tickmill Account Types

The brokerage has gone overboard in this regard: besides a standard Demo Account, it offers no fewer than 5 different real money account options. On top of that, high volume traders are treated preferentially – provided they do indeed fulfill the required conditions.

The Classic Account is for beginners. With a minimum deposit requirement of just $100, the account is indeed very affordable. While no commissions are charged on this account, the spreads start from 1.6 pips. The maximum leverage is 1:500 for traders outside the UK and 1:30 for UK residents.

The Pro Account brings a twist to the table: it reduces the spreads to 0.0 pips, but it charges commissions. The commissions are said to be competitive, and the other trading conditions are indeed the same as with the Classic Account. The minimum required deposit is $100 on this account-type too. The execution type is NDD and the execution speed is 0.1 seconds.

The VIP account is for traders who are very serious indeed. The minimum balance requirement on this one is EUR 50k.

The spreads start from 0 pips and the commissions are much better than with the Pro Account.

As said, high volume traders who placed at  least 10 substantial trades per quarter for at least the last 4 quarters, can become Professional Clients, provided they have a portfolio the value of which is at least EUR 500k, or they worked in the finance industry, in a professional position, for at least a year.

In addition to the above, an Islamic Account option is available too. This is basically the swap-free version of any of the above detailed account types.


Before we get into these, we have to put it forth that only those trading on the Seychelles-regulated side of the brokerage benefit from these promotions.

The $30 Welcome Deal is the most interesting of the bunch. Those who open a new account get some free money to trade with, and what’s more important still: they get to keep the profits they realize with this free money.

The Trader of the Month promotion is in effect a Trading Contest, which hands a $1,000 prize to the winner (the one who accrues the most profits during the promotional period).

Those who like to trade the news will certainly appreciate the NFP Machine. This promotion is a prediction game, which requires traders to try to predict the price of a randomly picked asset 30 minutes after the release of the NFP. The trader who gets it right, is rewarded with $500. If no one gets it right, the person with the closest guess is rewarded with $200.

Deposit and Withdrawal Methods

The broker supports an impressive number of Deposit/Withdrawal methods. From Bank Wire and credit cards like VISA and MasterCard, scores of electronic money transfer methods are supported. Just to mention a few of these: Neteller, Skrill, FasaPay, UnionPay, Qiwi and GlobePay are all available.

Most of the above methods are commission-free on deposits. While Bank Wire is an exception in this regard, those who deposit more than $5k through this method get to deposit commission-free as well.

Withdrawals are processed within 24 hours and no commissions are charged on any of the supported payment methods.


Tickmill’s support staff can be contacted through the live chat feature at the official site. There’s a dedicated email address available too ([email protected]) and a phone number: +44 203 608 6100.

The support staff seems knowledgeable, although some users have complained about the quality of support delivered through the live chat feature.


Tickmill looks good. There’s no better way to put it really…

Its regulatory status is impressive and its trading platform selection is good too. Besides MT4 – the strengths of which are well known to all more or less experienced traders – the broker also offers a Web Trader, which is aimed at those who want to jump into the action right away.

The trading conditions are great, and the featured account types truly do fulfill all needs.