Tickmill Review: Reliable Broker or Scam?

Tickmill Review: The Tickmill Group owns several brokers regulated around the world by CySEC, the FCA, the FSA, the Labuan FSA and the FSCA. Despite the lack of a French-language website and of stock CFD trading, the broker appears to be particularly popular for futures and forex trading, which could appeal to many traders. Traders’ reviews of Tickmill are generally positive. Can you trust Tickmill? YES!

Tickmill Review: Who Is Tickmill?

It is important to start this Tickmill review by introducing the broker, which was founded in 2014.

Tickmill is a trading name of Tickmill Europe Ltd, a member of the Tickmill Group, which owns several regulated brokerage firms around the world, notably in the United Kingdom, Cyprus, South Africa, the Seychelles and Malaysia (we detail the regulations below).

To write this complete Tickmill review, we mainly used Tickmill Group’s European entity, Tickmill Europe Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under number 278/15.

The broker is therefore based in Cyprus, with a registered office at the following address: Kedron 9, Mesa Geitonia 4004, Limassol, Cyprus.

As Tickmill’s website explains, Tickmill Europe Ltd is authorized to provide several investment services to its users, including:

• reception and transmission of orders,
• execution of trading orders on behalf of clients,
• dealing on own account and portfolio management in relation to transferable securities, options, futures, swaps, forward rate agreements, contracts for difference (CFDs) and other derivatives.

To dig deeper, also read our guides “Trade Republic Review” and “EasyMarkets Review“.

Tickmill Group in Numbers, Early 2025

• 166,000+ satisfied clients
• 350,000+ registered accounts
• 273 million+ trades executed
• 150+ employees worldwide
• 200+ countries served
• 121 billion+ in average monthly trading volume (Tickmill Group forex/CFD trading activity in 2019)

What Trading with Tickmill Means

• 80+ instruments
• 3 account types
• 4 accepted base currencies: USD, EUR, GBP, PLN
• 5 ways to fund your Tickmill trading account
• No requotes
• Fast execution, under 150 milliseconds on average
• All trading strategies allowed: hedging, scalping, EAs, algorithms and copy trading
• Segregated accounts at top-tier banks
• Negative balance protection
• Deposits made via Skrill, Neteller and credit card are processed instantly
• Withdrawals are processed within one business day
• No deposit or withdrawal fees
• No inactivity fees

Tickmill: ECN Broker or Market Maker?

Tickmill can act as a DD (dealing desk) broker, or market maker, or as an NDD (no dealing desk) or ECN/STP (electronic communication network / straight-through processing) broker, depending on the market, the account type and the Tickmill entity concerned.

When Tickmill Europe Ltd acts as an NDD broker, it is the intermediary between you and the markets. It therefore needs to source liquidity from liquidity providers to execute its clients’ orders. For the STP model, the broker mainly works with LMAX Limited and Tickmill UK Limited.

Read our guide Market Maker or ECN Broker: Which One Should You Choose? for more information on the difference between these two types of brokers.

Key Information About Tickmill

Leverage at Tickmill

Leverage differs depending on the entity you use, the account type you choose and the asset you trade.

For example, maximum leverage is 1:300 for professional clients and 1:30 for retail clients using Tickmill Europe Ltd. For traders using Tickmill UK Ltd, maximum leverage is 1:500 for professional clients and 1:30 for retail clients.

Here is the maximum leverage offered by Tickmill’s European entity by asset class:

• Forex: 1:30 for retail clients and 1:300 for professional clients
• Indices or oil: 1:20 for retail clients and 1:100 for professional clients
• Metals: 1:20 for retail clients and 1:300 for professional clients
• Bonds: 1:5 for retail clients and 1:100 for professional clients

Trading Instruments Offered by Tickmill

• Forex: more than 60 currency pairs
• Commodity CFDs: oil, gold, silver
• Index CFDs: more than 14 indices on Tickmill, including the Nasdaq 100
• Bond CFDs: 4 German bonds
• Futures: more than 50 futures across different asset classes

Tickmill Deposits and Withdrawals in November

Tickmill Europe Ltd accepts payments in 4 currencies: EUR, GBP, USD and PLN. If you make payments in another currency, the amounts are automatically converted into an accepted currency. In this case, third-party conversion fees may apply. However, Tickmill does not charge any fees for deposits and withdrawals.

You can make deposits with the following methods using other Tickmill Group entities:

Tickmill UK Ltd.

• Bank transfer
• Visa
• MasterCard
• DotPay
• Neteller
• Skrill
• Paysafecard
• PayPal
• Sofort
• Rapid Transfer by Skrill

Tickmill Ltd.

• Bank transfer
• Visa
• MasterCard
• Neteller
• Skrill
• STICPAY
• Fasapay
• UnionPay
• NganLuong.vn
• QIWI
• WebMoney

How to Contact Tickmill

• Live chat: on Tickmill’s website
• Phone: +357 25 247 650 (office) / +357 25 041 710 (customer support)
• Contact page on the website
• Social media: Facebook, Twitter, LinkedIn

Before depositing trading funds, it is important to ask whether Tickmill could be a scam and whether it is a safe broker.

The first thing to do is always go to Tickmill’s official website to be sure you are using the right broker.

Next, it is essential to check that the broker is regulated and authorized in your region. Regulation matters because it means you will benefit from better protection if something goes wrong. As explained at the start of this Tickmill review, the broker is regulated in several countries.

Tickmill Scam

In August/September 2020, a company called FXPB claimed to work for Tickmill using the broker’s regulatory numbers. However, it turned out that this company’s activities were outside FCA/PRA regulation in the UK and that it was a scam.

The same scenario occurred with the companies FX Profit Broker / FXPB / Armada Markets UK Ltd.

It is therefore essential to always check the addresses, status and regulation of the companies you plan to trade with. You can also check the clone sites directly on the AMF blacklist.

Tickmill Regulation

As mentioned above, Tickmill Group has several regulated entities around the world:

• Tickmill Europe Ltd – Regulated in Cyprus since 2015: Cyprus Securities and Exchange Commission (CySEC) – License number: 278/15
• Tickmill UK Ltd – Regulated in the United Kingdom since 2016: Financial Conduct Authority (FCA) – FCA register number: 717270
• Tickmill Ltd – Regulated in the Seychelles: Seychelles Financial Services Authority (FSA) – License number: SD008
• Tickmill South Africa (Pty) Ltd – Regulated in South Africa: Financial Sector Conduct Authority (FSCA) – License number: FSP 49464
• Tickmill Asia Ltd – Regulated in Malaysia: Labuan Financial Services Authority (Labuan FSA) – License number: MB/18/0028

In this Tickmill review, all the regulations we have presented show that this broker is reputable in Europe and in other parts of the world. Here are other popular brokers regulated in other parts of the world:

Is There a Tickmill France?

Tickmill France does not exist as such, and the broker’s website is not available in French. However, French traders can use the platform because it is registered in France with the Autorité de Contrôle Prudentiel (ACPR).

There is an ACPR authorization for Tickmill Europe Ltd (REGAFI ID: 63691) under the name Vipro Markets, which was acquired by Tickmill in 2017. There is also an ACPR authorization for Tickmill UK Ltd (REGAFI ID: 66331).

Is Tickmill Authorized by the AMF?

Tickmill Europe Ltd and Tickmill UK Ltd are entities authorized by the AMF, as they have obtained authorization to offer trading services in France as authorized European brokers.

How Are Tickmill Client Funds Protected?

Tickmill Europe Ltd is a member of the Investor Compensation Fund (ICF) in Cyprus.

All retail clients who use this broker with an account registered with Tickmill Europe Ltd are therefore covered if the European company defaults. Eligible clients are covered up to EUR 20,000 per client.

For clients using the FCA-regulated entity, compensation can reach £86,000 through the Financial Services Compensation Scheme (FSCS) (or £170,000 for a joint account).

Tickmill holds all client funds in segregated accounts with top-tier European banks. Traders can therefore be sure that their trading funds are not used for anything other than their trading.

Tickmill Europe Ltd also offers negative balance protection. Any retail trader whose balance falls below zero will not owe the broker anything, as the broker will cover the difference to bring your account back to zero.

All personal data collected by Tickmill Europe Ltd on its website is processed in accordance with data protection law (Articles 12 and 13 of Law No. 138(I)/2001 of the Republic of Cyprus).

The broker may therefore use this data to support, promote and deliver its services (and those of affiliated companies). However, the company will not disclose this data to a third party unless required, for example by a court order.

According to Tickmill Europe Ltd’s Privacy Policy dated May 2018, the broker complies with the General Data Protection Regulation (GDPR) in the European Union and the United Kingdom, which protects clients’ interests and privacy.

What Awards Has Tickmill Won?

Tickmill Group has won several awards for the quality of its brokerage service and the trading experience it offers. In this Tickmill review, we have grouped the awards the broker has received by year, demonstrating its popularity and reliability.

Which Account Types Can I Trade with on Tickmill?

Tickmill offers several different types of trading accounts so that every trader can find the one that best meets their needs. There are 3 forex and CFD accounts: Classic, Pro and VIP.

Classic Account

This account is designed for novice and experienced traders who want ultra-fast, commission-free order execution with a minimum deposit of €100 and spreads from 1.6 pips.

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Pro Account

This account is designed for more experienced traders looking for advanced trading features. The minimum deposit is still €100, with zero spreads but a commission of 0.2% of a position’s notional value on forex. For example, you will pay €4 to trade 1 lot of EUR/USD (round turn). There is no commission on oil, index and bond CFDs.

VIP Account

This account is designed for active traders who trade large volumes. The minimum trading capital required is €50,000. These experienced traders are looking for competitive pricing. Spreads start at 0 and the commission is 0.1% of notional value for forex. For example, you will pay €2 to trade 1 lot of EUR/USD (round turn). There is no commission on oil, index and bond CFDs.

Classic vs Pro vs VIP Account

Futures Account

It is worth noting in this Tickmill review that you can access other financial products depending on the Tickmill entity you select.

If you choose Tickmill UK Ltd, you will be able to trade futures with a minimum deposit of €1,000. You can access products from 5 popular global exchanges (CME, NYMEX, COMEX, CBOT, EUREX) across several asset classes such as commodities, currencies, bonds and indices.

Depending on your trading strategy, you can use different contract types: Standard, E-mini and Micro, with low commissions.

Islamic Account

Tickmill is a popular broker in Asia and other parts of the world where many traders follow Sharia principles. That is why it offers a swap-free Islamic Tickmill trading account with no rollover fees on positions held overnight.

Although Tickmill guarantees that its Islamic account offers the same trading terms and conditions as its other accounts (Classic, Pro and VIP), the broker does specify that administration fees apply to Islamic traders holding exotic currency pairs for more than three consecutive nights. The list of these fees is explained here.

Tickmill accounts offer different trading conditions, giving you a choice based on your trading strategy. Your strategy is what will determine your trading needs and style, so you can choose the account that suits you best.

An active forex investor who often trades large volumes and has minimum trading capital of €50,000 could turn to Tickmill’s VIP trading account, which offers lower commissions per lot traded than the other accounts.

In any case, we recommend testing the trading conditions, the broker’s responsiveness and professionalism, and the trading platform through a Tickmill demo account.

This account gives you virtual funds that you can use to trade more than 80 financial instruments across 4 asset classes (forex, indices, commodities and bonds) in a simulated environment.

What Are Tickmill’s Fees?

There are several types of fees when you trade with Tickmill:

• spreads: the difference between an asset’s buy and sell price, which applies to the Classic account
• commissions: additional trading fees that apply to the Pro and VIP accounts, which have spreads starting at 0
• swaps: the fees paid by (or to) the trader when holding a position overnight

Tickmill Forex Spreads

Tickmill Index Spreads

Tickmill Commodity Spreads

Tickmill Bond Spreads

Tickmill Futures Commissions

Trading Platforms Available at Tickmill

Tickmill Europe Ltd only offers the MetaTrader 4 (MT4) trading platform, available on Mac, Windows and in the browser (WebTrader for Tickmill web).

Tickmill therefore does not offer MetaTrader 5 (Tickmill MT5) like Vantage does, nor other popular platforms you can find at other brokers, such as XTB’s xStation.

If you use the Tickmill UK Ltd entity, you can use an advanced trading platform: CQG.

MetaTrader 4

The MetaTrader 4 trading platform, developed by MetaQuotes, is one of the most popular on the market. It offers a powerful, robust, fast and efficient trading environment on Windows, Mac OS and Linux. There is also an app for trading on the go (the Tickmill app).

The platform offers many useful tools for technical traders: 30 technical indicators, 23 analytical objects, 9 timeframes, one-click trading, many order types, etc.

The CQG Platform

Like Oanda, Tickmill has partnered with CQG, one of the industry leaders, to offer several in-house platforms designed for different investor profiles, adapting to the specific needs of various trading styles.

For example, there are features to fully customize your trading environment, or for scalpers who need many advanced charting tools and market depth.

Slippage and Order Execution at Tickmill

Fast order execution is essential for any trader looking to seize market opportunities. Tickmill reports average execution times of 0.20 seconds and no requotes.

What about slippage?

Slippage is the difference between the price at which you wanted an order to be executed and the price at which it was actually executed. Slippage can be positive if it is in the client’s favor (if the executed price is better than expected) or negative (if the executed price is worse than expected).

As Tickmill points out, slippage can occur with buy limit, sell limit, buy stop, sell stop, stop-loss, take-profit and other order types. Note that slippage happens more often around major data releases, which can affect trading conditions and market volatility.

Training Offered by Tickmill

Tickmill offers educational tools rather than actual training courses. However, the resources the broker provides help investors improve their trading knowledge.

Here are the educational tools offered by Tickmill Europe Ltd:

• Webinars: in several languages (though rarely in French)
• YouTube: to rewatch past webinars or watch tutorials
• Video tutorials: covering several topics, including forex trading, market analysis, trading strategies, trading psychology, social trading, the MT4 platform, CFDs, technical indicators, etc. (in English)
• eBooks: there are very few, but they help improve your trading knowledge on specific topics
• Infographics: to discover trading ideas or get useful trading tips (in English)
• Forex glossary: to learn all the key terms of this market (in English)
• Fundamental market analysis (in English)
• Technical market analysis (in English)
• Various articles (in English)
• Market Insight (in English)
• Blog (in English)

If you choose another Tickmill Group entity, you can benefit from other tools. For example, with the entity regulated in the Seychelles, you can use a copy trading tool that lets you automate your trading by automatically copying the positions of a successful trader. Tickmill’s copy trading option is offered through Myfxbook.

Trading Calculators and Other Tools Offered by Tickmill

Tickmill offers forex calculators to simplify its traders’ trading process and improve their understanding of trading costs and margin:

• Currency converter
• Margin calculator
• Pip calculator

The broker also offers the following tools:

• Economic calendar: to follow the events most likely to affect the markets and your portfolio
• Tickmill VPS: so your Tickmill MT4 trading robots keep working when you are offline
• Autochartist: a free, powerful analysis platform and trading tool to help you trade the markets better

Does Tickmill Offer a Welcome Bonus?

Tickmill Europe Ltd does not offer any welcome bonus to new clients. However, other entities in the Group do, notably the entity regulated in the Seychelles, which offers a $30 welcome bonus.

What Are the Options for Becoming a Tickmill Partner?

Tickmill Europe Ltd offers several ways to become a Tickmill partner. Depending on your goals, you can use the following options:

• Multi Account Manager (MAM): to manage and trade several trading accounts from a single MT4 interface
• Portfolio Management: to get sophisticated investment solutions tailored to your needs
• White Label: to start your own brokerage business with Tickmill’s MT4 White Label.

Tickmill vs Other Brokers

To decide whether Tickmill is the right broker for you, you first need to define your trading style, goals and trading plan in order to list your trading needs. Then check that Tickmill offers everything you need. Finally, consider comparing Tickmill with other brokers such as:

• Tickmill vs Dukascopy
• Tickmill vs eToro
• Tickmill vs IC Markets
• Tickmill vs Justforex
• Tickmill vs Pepperstone
• Tickmill vs XM
• Tickmill vs XTB

Among the most important factors to consider are regulation, tradable assets, minimum deposit and the trading platforms offered. Here is a summary table to help you compare brokers with Tickmill at a glance:

Summary: Tickmill Pros and Cons

Tickmill: Best Broker for Stocks?

Tickmill cannot be considered a good broker for investing in the stock market, as it offers neither stock CFDs nor real shares through a securities account. Among the best stock brokers is eToro, which offers a full range of more than 3,000 CFDs on stocks and ETFs and more than 4,000 real stocks and ETFs.

Tickmill: Best Forex Broker?

Tickmill is one of the best forex brokers. First, it offers more than 60 currency pairs. Second, it offers one of the world’s most popular technical forex trading platforms: MetaTrader 4. Finally, like Vantage, it applies some of the most attractive spreads on the market on many popular pairs, as the following comparison of forex spreads by broker shows:

	BROKER	EURUSD	USDJPY	EURGBP	GBPUSD	USDCHF	AUDUSD	USDCAD	EURCHF
Try It		0.5	1	1.7	1.2	1.6	0.9	1.7	1.7
		0.9	1.1	1.5	1.6	1.6	1.1	2	2
		1	1.8	2	2.5	1.9	1.9	2.2	2.1
Try It		3	2	4	4	3	1	3	5

Have you used Tickmill and want to share your experience? Leave us a comment!