TickMill review and ratings

Established 2015
Location UK Cyprus South Africa Malaysia Seychelles
Offices London, Limassol, Cape Town, Labuan, Mahe
Broker type STP | ECN
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4 FIX API (protocol)
Instruments Currencies Indices Metals Energies Bonds
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Qiwi Sofort PaySafeCard SticPay DotPay

Company information

TickMill group includes 5 related companies.

TickMill UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
TickMill CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
TickMill SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
TickMill MY - located in Malaysia, regulated by the Labuan Financial Services Authority (LFSA).
TickMill SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.


TickMill group accepts clients from all over the world, excluding USA, Cuba, Iraq, Myanmar, North Korea and Sudan.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
15 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
2 Energy CFD Based on Crude Oil (WTI, Brent).
4 Bond CFDs Based on German government securities.

Comprehensive review

Tickmill is a broker established in 2015, operating out of its offices in the UK, Cyprus, South Africa, Malaysia, and the Seychelles. The broker is regulated by, among others, the financial regulator CySEC in Cyprus and the UKs Financial Conduct Authority (FCA), which means that at least those branches of the broker are overseen by some of the most reputable regulators in the world.

Tickmill’s website immediately gives the impression that it is a serious, transparent, and modern forex and CFD broker, with an easy-to-use interface and information about all aspects related to trading.

The trading platforms offered by Tickmill includes the standard MetaTrader 4 (MT4) downloadable trading platform, as well as the web-based version of the same platform – ideal for Mac users and others who cannot use the desktop version of the trading platform.

When it comes to trading accounts, Tickmill offers its clients the choice between a long range of accounts, including:
– Classic account with commission-free trading (STP-style account)
– Pro account with tighter spreads and commission-based trading (ECN-style account)
– VIP account with ultra-low commissions and minimum balance of USD 50,000
– Islamic account compliant with Sharia law
– Demo accounts with virtual money for practice

Further, Tickmill doesn’t disappoint when it comes to its selection of trading instruments either, with choices ranging from forex to CFDs based on stock indices, oil, gold & silver, and German government bonds. The broker also used to offer trading in bitcoin CFDs, but this is unfortunately no longer available.

Spreads and other trading costs are generally low across account types and assets with Tickmill, with the “typical spread” listed as 0.1 pips on the popular EUR/USD, AUD/USD, and USD/JPY currency pairs. In addition, leverage offered by Tickmill is generally very good with up to 1:500 leverage oon the most liquid assets, although EU-based clients as usual are subject to a maximum leverage of 1:30 in accordance with EU rules.

As would be expected, the competitive offering has also paid off for the broker over the years, pushing through a trading volume of USD 145.53 billion in the month of October 2018 alone.

As an added benefit, Tickmill regularly offers promotions such as trading contests and welcome bonuses for new traders. Among these regular offers is also a $30 welcome bonus, where new clients can receive $30 to trade with even without making a deposit. Profits made on the amount can also be withdrawn, meaning this is the closest a trader may get to risk-free trading.

Another promotion by the broker is its “Trader of the month” contest, where the broker each month selects one trader based on profitability and his risk management record, and rewards him with a $1,000 prize. Each winner is featured on the website’s own “Wall of Fame” with an interesting interview that reveals the general strategy used by the trader and tips for beginners who wish to replicate the winner’s success.

The broker also offers access to popular tools such as the Autochartist package completely free of charge, as well as its own VPS server with a guaranteed 100% uptime to let traders keep their trading signals and algorithms active on the MT4 platform even when they are offline.

Lastly, customer support is available from several of the broker’s locations, depending on which branch a client is assigned to. This includes local phone and live chat support in the UK, Malaysia, the Seychelles, and Cyprus.

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