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Tickmill Review 2024

Last updated Jun 17, 2024
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Tickmill №5 in the Forex brokers list

Highlights of Tickmill

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Trading Assets
ForexIndicesBondsCryptocurrencyPrecious MetalsEnergy CarriersSoft CommoditiesStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5TradingView
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Tickmill is an international broker specializing in providing high-quality conditions for trading in the Forex and CFD markets. The broker is regulated by leading authorities such as the FCA (UK), CySEC (Cyprus), and FSCA (South Africa), ensuring reliability and security.

Tickmill attracts traders with low spreads and no hidden fees. Opening an account is simple and fast, and a comprehensive set of educational materials, including webinars and analytical articles, helps traders enhance their skills. Trading is conducted through the popular MT4 and MT5 platforms, as well as a convenient mobile app.

Pros and Cons of Tickmill


  1. Low trading fees.
  2. Variety of trading platforms.
  3. Extensive library of educational materials and analytical tools.


  1. Not enough different types of trading accounts.

Tickmill Broker Overview

Foundation Year2013
Official Websitehttps://www.tickmill.com
Regulated in CountriesUnited Kingdom, Cyprus, South Africa, Seychelles, MalaysiaMore Details
Minimum Deposit
  • 100 USD
  • 100 EUR
  • 100 GBP
  • 1800 ZAR
Spreadfrom 0 points
Max Leverage1:1000
Trading Assets
  • Forex
  • Indices
  • Bonds
  • Cryptocurrency
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Stocks
  • ETF
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
Email Support
  • support@tickmill.com
Hotline Phones
Social Media

Tickmill was founded in 2014 and has been actively developing in the Forex market ever since. It provides trading services for various financial instruments, such as currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies. Thanks to its customer-oriented strategy and transparent trading conditions, Tickmill attracts traders of various experience levels. The broker aspires to become a leader in the international financial services market.

Tickmill Review Summary

Our team of experts conducted this Tickmill review using a widely accepted methodology for evaluating brokers. We have analyzed and assessed every aspect of the broker's services, including its trading platforms, educational materials, analytical tools, customer support quality, and more. This ensures the objectivity and accuracy of our assessment.

We strongly recommend you continue reading this review to learn more about Tickmill and decide if this broker meets your requirements and preferences for trading in the Forex market.

Reliability and Regulation

Legal EntityRegulator

Tickmill's reliability is confirmed by its regulation by leading international organizations and licensing by the relevant government authorities.

Furthermore, Tickmill is a member of the investor compensation program, which provides additional protection for client funds in case of financial difficulties at the broker. All these factors attest to the reliability and safety of trading with Tickmill, making it an attractive choice for traders.

Account Opening


Opening an account with Tickmill is easy, convenient, and relatively quick, although some aspects could be improved to expedite the process and simplify the experience for new users.


The registration process at Tickmill can be broken down into several stages:

  1. Choosing the type of account.

  2. Filling in personal information.

  3. Filling in financial data and trading experience.

  4. Verification.

  5. Review and confirmation of the account opening application.

Let's take a closer look at each stage of account opening.

1. Choosing the type of account

The first step is choosing between a corporate account and an individual one. The decision depends on how you plan to trade: for personal purposes or as a legal entity.

Choice of account type at Tickmill
Choice of account type at Tickmill

2. Filling in personal information

At this stage, you must provide your full name, date of birth, and country of residence, choose a legal entity (Tickmill Ltd. or Tickmill UK Ltd.), and provide contact information: phone number and email. Then, you specify citizenship, residential address, and tax identification number. At the end of this stage, you should create a password for access to the Client Area.

Filling in personal data for registration in Tickmill
Filling in personal data for registration in Tickmill

3. Financial information and experience

Fill in information about your level of education, employment status, and source of funds, and indicate your total annual income. You should also provide information about your trading experience and the trading objectives.

4. Verification

At this stage, you must upload documents for identity verification (e.g., passport or driver's license) and proof of residence (utility bill, bank statement, etc.). This is necessary to confirm your data and comply with regulatory requirements.

5. Review and confirmation of the application

After submitting the application and providing all necessary documents, Tickmill's specialists will verify the information and documents, which takes up to 24 business hours. If the verification is successful, your account will be activated, and you can start trading.

Minimum Deposit

The minimum deposit is an important point when opening an account with a broker. Tickmill's minimum deposit is $100. You must deposit at least $100 into your account to start trading.

It is important to remember that the minimum deposit amount may differ depending on the chosen account type. Always ensure that you have thoroughly reviewed all the conditions and requirements of Tickmill before opening an account and starting to trade.

Account Types


Tickmill offers three trading accounts, each designed for different groups of traders. Also available are a demo account and an Islamic account, which considers Muslim traders' religious tenets.

However, Tickmill does not offer cent accounts and accounts with a fixed spread, which may be critical for novice traders and those who prefer stability in spread size. These shortcomings may reduce the overall satisfaction of some traders with the offered conditions.

Thus, despite an extensive and flexible range of different account types, the absence of certain specific account types limits the complete satisfaction of the needs of all groups of traders.

Trading Accounts

Account CurrencyUSD, EUR, GBP, ZAR
Minimum Deposit100 $100
Trading PlatformsMetaTrader 4MetaTrader 5TradingView
Spreadfloatingfrom 1.6 pipsfor EURUSD~ 1.6 pipsfloatingfrom 0 pipsfor EURUSD~ 0.1 pips
Commission per Tradeper 1 lot3 $
Trading AssetsForexIndicesBondsCryptocurrencyPrecious MetalsEnergy CarriersSoft CommoditiesStocksETF
Opened Positions
Margin Call / Stop Out100% / 30%
Order ExecutionSTP
Demo Account
Islamic Account

Tickmill offers three main types of trading accounts tailored for different categories of traders:

  1. Raw Account - this type of account is ideally suited for experienced traders and those looking for low spreads and commissions. Raw Account traders can enjoy narrow spreads starting from 0 pips and a commission of $3 per 100,000 units of the base currency. The minimum deposit to open a Raw Account is $100.

  2. Classic Account - this type of account is perfect for novice traders and those who prefer to trade without commissions. The Classic Account offers spreads starting from 1.6 pips with no commission per trade. The minimum deposit to open such an account is also $100.

Demo Account

The broker offers a demo account for beginners, which can be used to get acquainted with the trading environment and test one's strengths before investing funds and trading seriously. The demo account is available without time restrictions.

Islamic Account

Tickmill's Islamic account is specially designed for Muslim traders who strive to trade by Sharia principles. Recognizing the diversity of its clients, Tickmill offers swap-free accounts, which comply with the Muslim faith that prohibits transactions with riba (interest).

To open an Islamic account, clients must create a standard Classic, Pro, or VIP account and convert it into an Islamic one.

The process of converting an account to an Islamic type is handled by Tickmill's support team within one business day. Upon completion of the process, clients receive confirmation by email. Any subsequent accounts opened with Tickmill are automatically classified as swap-free, saving clients the need to request a change of account type repeatedly.

Copy Trading

Copying the trades of successful traders, also known as social trading or copy trading, is a process in which investors can automatically copy or mirror trading operations (deals) performed by other traders.

Tickmill traders can copy trades through the SignalStart platform or the broker's platform for social trading.


Copy trading by Myfxbook is a service that allows Tickmill clients to automatically copy the trades of successful traders registered on the SignalStart platform. This can be useful for beginners who want to learn the strategies of experienced traders and busy investors who wish to automate their trading.

Forex Signals at SignalStart
Forex Signals at SignalStart

Social Trading at Tickmill

Social trading at Tickmill is a unique feature that allows users to copy the trades of successful traders and participate in financial markets without spending much time on market study and analysis.

Tickmill Social Trading allows you to choose from a wide range of traders worldwide, considering their trading style, risk level, and performance history. All traders' information is presented transparent and understandable, allowing you to make informed decisions about who to copy.

Top Trader at Tickmill Social Trading
Top Trader at Tickmill Social Trading


TICKMILL VPS is a virtual private server (VPS) service that provides a continuous and fast connection between the client's trading platforms and Tickmill servers. This is especially useful for traders using automated trading systems or trading in high volatility conditions, as VPS provides a reliable and stable connection with minimal delays.

BeeksFX serves as the VPS provider for Tickmill. It offers the following conditions:

PackageNumber of MT4 PlatformsMonthly CostRAMDisk SpacevCPUVPS Management ServicecTrader / cAlgo SupportOSFee
Bronze2-4£30.002560MB30GB1IncludedIncludedWindows 2016, LinuxMonthly or Annual
Silver4-5£53.004096MB50GB2IncludedIncludedWindows 2016, LinuxMonthly or Annual
Gold6-8£94.006656MB75GB4IncludedIncludedWindows 2016, LinuxMonthly or Annual



Tickmill offers highly competitive conditions with low commission charges per trade on the Pro account and average spreads and swaps on the standard account. There are also no deposits and withdrawals or inactivity fees, which is a significant advantage.

Trading Fees

Tickmill aims to provide its clients with transparent and competitive trading conditions. The absence of hidden fees is one of the critical features of the broker's service. Trading commissions at Tickmill depend on the account type and include spreads and swaps on the standard account and a transaction fee on the Pro account.

Commission per lot

For the Pro account, Tickmill charges a commission of $3 per lot. This is a average rate, when compared with other brokers. Such pricing allows traders with large trading volumes to profit more by minimizing commission costs.

Below is the commission per lot for the EURUSD pair at different Forex brokers:

BrokerIC MarketsRaw SpreadPepperstoneRazorTickmillRawRoboforexECNFxProStandard
Commission per lot$3.5$3.5$3$2.16$0.00

Spreads and Swaps

The spreads at Tickmill average from 1.6 to 2 pips for major currency pairs, consistent with the market average. These conditions make trading quite accessible for traders with various trading strategies and volumes.

Swaps are charged depending on the type of position (long or short) and the specific trading instrument. They can also be considered average for the market.

Below is a table of the average spread and swaps for major currency pairs on Tickmill's standard account.

AssetAverage spreadSwap longSwap short
AUDUSD1.6 pips-3.47 pips1.32 pips
EURUSD1.6 pips-6.17 pips2.60 pips
GBPUSD1.6 pips-3.15 pips-1.68 pips
NZDUSD1.7 pips-1.47 pips-0.95 pips
USDCAD2.0 pips0.19 pips-3.47 pips
USDCHF1.9 pips6.54 pips-11.03 pips
USDJPY1.7 pips12.52 pips-25.70 pips

Deposit and Withdrawal


Tickmill offers a wide selection of deposit and withdrawal methods, which is one of its strong points. Clients can access prominent and popular methods, such as bank transfers, credit and debit cards, electronic wallets, and online banking. This allows traders to choose the most convenient and fast method for depositing and withdrawing funds.

Additionally, Tickmill does not charge any fees for deposits and withdrawals, making the process more beneficial for clients. However, it should be noted that payment systems or banks may impose their fees, so it is advisable to verify this information in advance.

Processing requests for deposits and withdrawals is generally fast, especially when using electronic wallets and credit cards. Bank transfers may take more time, but this is related to the workings of the banks.

Account Funding Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
from 100 USDfrom 100 EURfrom 100 GBP
from 100 USDfrom 100 EURfrom 100 GBP
from 100 USDfrom 100 EUR
Bank TransferBank Transfer
from 100 USDfrom 100 EURfrom 100 GBP
from 100 USDfrom 100 EURfrom 100 GBP
from 100 USDfrom 100 EURfrom 100 GBP
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
from 100 USD
Логотип EthereumETH (Ethereum)ERC20
from 100 USD
Логотип TetherUSDT (Tether)ERC20
from 100 USD

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
from 25 USDfrom 25 EURfrom 25 GBP
from 25 USDfrom 25 EURfrom 25 GBP
from 25 USDfrom 25 EUR
Bank TransferBank Transfer
from 25 USDfrom 25 EURfrom 25 GBP
from 25 USDfrom 25 EURfrom 25 GBP
from 25 USDfrom 25 EURfrom 25 GBP
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
from 25 USD
Логотип EthereumETH (Ethereum)ERC20
from 25 USD
Логотип TetherUSDT (Tether)ERC20
from 25 USD

Markets and Products


Tickmill provides a sufficiently diverse range of trading assets, allowing traders to diversify their portfolios and choose suitable trading instruments.

What markets are available?

Tickmill offers its clients the following markets for trading:

BrokerIC MarketsTickmillPepperstone
Precious Metals7420
Energy Carriers524
Soft Commodities8216


Leverage in trading is a tool that allows investors to increase their market exposure beyond the initial investment (the margin). However, while leverage can magnify profits, it also increases the potential for higher losses. Therefore, it's crucial for traders to use leverage cautiously and to understand the risks involved.

Tickmill's leverage varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.

Trading InstrumentMax. Leverage for Retail Traders
Precious Metals
Energy Carriers
Soft Commodities

Trading Platforms


Tickmill provides its clients with reliable and proven tools for successful trading. MT4 and MT5 are industry standards and offer a wide range of functionality for traders of different levels. The mobile app complements fixed platforms and allows traders to stay up-to-date on the market and trade anytime, anywhere. In addition, Tickmill offers integration with TradingView, which provides traders with access to advanced tools for data analysis and visualization, improving the trading decision-making process and facilitating the sharing of trading ideas and strategies through the platform's social features.

MetaTrader 4

MetaTrader 4 (MT4) is one of the most common and functional trading platforms in the Forex market. MT4 offers a comprehensive set of market analysis tools, including technical indicators and graphic objects. The platform also supports automated trading with trading robots and allows the creation of custom indicators and scripts.

MetaTrader 4
MetaTrader 4

MetaTrader 5

MetaTrader 5 (MT5) is an enhanced version of the MT4 platform that provides even more functionalities for traders. MT5 includes additional tools for market analysis, an improved automated trading system, and the ability to trade not only on the Forex market but also on other financial markets. However, it should be noted that some custom indicators and trading robots developed for MT4 may not be compatible with MT5.

MetaTrader 5
MetaTrader 5

Tickmill Mobile App

The Tickmill mobile app is a convenient solution for trading on the Forex market from mobile devices. The app is available for smartphones and tablets on iOS and Android platforms. The mobile app provides essential trading functions and the ability to monitor the current market state and manage your account.

Tickmill Mobile App
Tickmill Mobile App


TradingView is an advanced financial data visualization platform available as a web service. It provides extensive technical analysis capabilities, including a variety of charts, screeners, and signals, and the ability to trade directly from the platform.

The platform is integrated with social media, allowing users to share their trading ideas, strategies, and forecasts and discuss current market trends in real-time. Trading ideas can be easily visualized and made available for viewing by all community members.

TradingView is popular among traders of all levels, from beginners to professionals, and supports a wide range of financial instruments, including stocks, currency pairs, futures, options, and cryptocurrencies.

How do I connect my Tickmill account to TradingView?

Tickmill has been successfully integrated with TradingView, allowing traders to perform in-depth market analysis and trade directly through TradingView's user-friendly interface. Here's how you can get started:

  1. Logging in: First, you must log in to your TradingView account.
  2. Opening the Trading Dashboard: Go to www.tradingview.com/chart and open the trading dashboard.
  3. Select Tickmill as a broker: On the trading panel, select Tickmill as your broker and enter your live or demo account login details.

This will allow you to use TradingView's ability to analyze and trade through Tickmill.

Tickmill account integration with TradingView platform
Tickmill account integration with TradingView platform

Pelican Trading

Pelican Trading is an innovative mobile app for automatic copy trading, available to Tickmill clients. The app allows you to track and copy the trades of successful traders directly on your smartphone or tablet. Pelican Trading offers a simple and convenient way for traders to keep up with the market, as well as to learn from experienced peers and share their successes with other community members.

Tickmill Pelican Trading
Tickmill Pelican Trading



Tickmill provides an extensive array of analytical materials and tools that assist traders in making informed trading decisions.

What analytical materials are available?

  1. Fundamental and Technical Analysis - Tickmill’s website offers daily analytical reviews, including fundamental and technical market analysis.

  2. Market Insights - Tickmill experts provide their perspective on market situations and highlight critical support and resistance levels.

  3. Autochartist - An integrated tool for automatically identifying technical patterns on charts.

  4. Economic Calendar - Contains information about upcoming economic events that could impact the market.

  5. Forex Calculators - Tools to help calculate various parameters, such as position size, margin, swaps, and more.

  6. MT4 and MT5 Applications - An extensive set of tools and indicators that can be installed on trading platforms to enhance their functionalities.

  7. Market Sentiment Indicator - Provides information on the current market sentiment based on the open positions of other traders.

  8. Signal Centre Tool - Offers access to market information from an FCA-regulated signal provider based on human and artificial intelligence analysis.

Tickmill Market Sentiment Gauge
Tickmill Market Sentiment Gauge



Tickmill is committed to the development of its traders and offers valuable and high-quality educational materials. The variety of learning formats, such as webinars, seminars, eBooks, video tutorials, and a blog, allows traders to choose the most convenient and exciting way of learning.

What educational materials are available?

  1. Webinars - Tickmill regularly conducts free webinars led by experienced traders and analysts. The webinars cover various topics, such as trading strategies, market analysis, and risk management.

  2. Seminars - The company periodically organizes seminars for its clients, where traders can meet experts face-to-face and ask them questions.

  3. eBooks - Tickmill offers free eBooks that cover different aspects of Forex trading and help traders learn to work with trading platforms.

  4. Video Tutorials - Tickmill's website features educational videos that demonstrate various trading strategies, technical and fundamental analysis, and features of working with trading platforms.

  5. Blog - The Tickmill blog publishes articles on various topics useful for novice and experienced traders. The blog regularly features analytical materials, news reviews, and trading tips.

Tickmill Video Tutorials
Tickmill Video Tutorials

Customer Support


Tickmill's technical support operates at a high level, providing prompt assistance to clients and helping to resolve various issues.

Among the disadvantages, it should be noted that support is not available 24/7, and only international phone numbers are available for calls. For prompt communication, only chat is available; messengers are not offered.

Support Working Hours

The support service is available Monday to Friday from 7:00 to 16:00 Greenwich Mean Time (GMT) during the summer period.

How to Contact Support?

Clients can contact the support service through the following channels:

  1. Customer support phone: +852 5808 7849

  2. Office Phone: +248 434 7072

  3. Email: support@tickmill.com (responses to inquiries are provided within 24 hours on business days)

  4. Online chat on the broker's website.


Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.

The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.


Is Tickmill legit?

Yes, Tickmill is a legitimate broker regulated by leading authorities such as the FCA (UK), CySEC (Cyprus), and FSCA (South Africa).

Which country is Tickmill from?

Tickmill is an international broker with a presence in multiple countries. It operates under various regulatory authorities including the UK, Cyprus, and South Africa.

Is Tickmill an ECN broker?

No, Tickmill operates as an STP (Straight Through Processing) broker, providing direct market access to its clients.

How does Tickmill make money?

Tickmill makes money through spreads and commissions on trades. They do not charge hidden fees, ensuring transparency for traders.

Is Tickmill good for beginners?

Yes, Tickmill is good for beginners due to its user-friendly platform, low spreads, and comprehensive educational resources including webinars and analytical articles.

Does Tickmill offer a demo account?

Yes, Tickmill offers a demo account for traders to practice and familiarize themselves with the platform before trading with real money.

How can I open an account with Tickmill?

To open an account with Tickmill, you need to complete the online registration form on their website, provide the necessary identification documents, and fund your account.

How can I delete my Tickmill account?

To delete your Tickmill account, you need to contact Tickmill's customer support team who will guide you through the account closure process.

What is the minimum deposit for Tickmill?

The minimum deposit for Tickmill is $100.

What is the maximum leverage on Tickmill?

The maximum leverage offered by Tickmill varies depending on the regulatory jurisdiction but can go up to 1:1000.

How do I deposit funds in a Tickmill account?

You can deposit funds into a Tickmill account using various methods such as bank transfers, credit/debit cards, cryptocurrencies, and e-wallets.

How do I withdraw money from Tickmill?

To withdraw money from Tickmill, you need to log in to your account, navigate to the withdrawal section, and follow the instructions to complete the withdrawal process.

Does Tickmill provide VPS?

Yes, Tickmill provides VPS (Virtual Private Server) services for traders who require enhanced trading speed and stability.

Is Tickmill suitable for scalping?

Yes, Tickmill is suitable for scalping as it offers low spreads and fast execution, which are essential for this trading strategy.

Is Tickmill suitable for auto-trading?

Yes, Tickmill supports auto-trading through platforms like MT4 and MT5, which allow for automated trading strategies.

Is Tickmill suitable for hedging?

Yes, Tickmill allows hedging, enabling traders to open multiple positions on the same instrument in different directions.

Is Tickmill suitable for spread betting?

No, Tickmill does not offer spread betting services.

Visit TickmillTrading CFDs carries high risks. You may lose all invested funds

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.