Tickmill Review

Author By Jeffrey Cammack
Updated: September 28, 2021
Overall Rating
4.48 4.48 / 5
Rated #28 of 66 Recommended Brokers
Min. Deposit
GBP 100
Regulators
Trading Desk
Trading Cost
USD 4
Website Language
English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
Support Language
English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
AlertAccepts UK Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles. 73% of traders lose money with this provider.

FxScouts follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure.

Summary

Established in 2014, Tickmill is a well-regulated STP broker with a focus on providing an optimal trading environment for serious beginners and more experienced traders.

While the trading conditions on Tickmill’s entry-level Classic Account are relatively poor compared to other brokers, experienced traders will be interested in the Pro and VIP accounts. With minimum deposits of 100 USD and 50,000 USD respectively, these accounts provide some of the most competitive spreads (0.0 pips on the EUR/USD) combined with the lowest commissions in the industry. With support for MT4 and more recently, MT5, experienced traders also will appreciate the range of trading tools on offer, including Autochartist, an Advanced Trader Toolkit, and subsidised VPS hosting.  

Education and market analysis are both excellent and experienced traders will appreciate the wide range of currency pairs; and with the addition of MT5, traders may see the asset offering grow.  

Overall, Tickmill is an excellent choice of broker for serious beginner traders and more experienced Metatrader users looking for a new broker.

Reviews

Regulation
111104/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
$30 Welcome Bonus

Account Information

Base Currencies
USD, EUR, GBP, PLN
Number of FX Pairs
62
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Min. Spread
0 pips
Commission
4 USD / lot - Pro Account
EUR/USD
0.0 pips
GBP/USD
0.0 pips
USD/JPY
0.0 pips
Max. Leverage
30:1

Company Details

Company Name
Tickmill UK Ltd
Founded
2014
Website
Office Locations
Eden Island, Mahe

Pros

  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets

Cons

  • Limited base currencies

Is Tickmill Safe?

Established in 2014 and headquartered in London, Tickmill has experienced extraordinary growth since its inception. It has over 110,000 traders on its books and an average monthly trading volume of over 120 billion USD.

Tickmill is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Labuan Malaysia, and the Seychelles Financial Services Authority (FSA).  See below for a list of Tickmill company registrations:

  • Tickmill UK Ltd is regulated by the Financial Conduct Authority, 3rd Floor, 27 – 32 Old Jewry, London EC2R 8DQ, England Register number: 717270.
  • Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission, Kedron 9, Mesa Geitonia, 4004 Limassol, Cyprus. Licence number: 278/15.
  • Tickmill Asia Ltd is authorised and regulated by the Labuan Financial Services Authority, Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia. Licence number: MB/18/0028.
  • Tickmill South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA), The Colosseum, 1st floor, Century Way, Office 10, Century City, 7441, Cape Town. Licence number: FSP 49464.
  • Tickmill Ltd Seychelles regulated by the Financial Services Authority of Seychelles and its 100% owned subsidiary Procard Global Ltd, UK registration number 09369927.

British traders will be trading under the subsidiary, Tickmill UK Ltd, regulated by the FCA, one of the most well-respected authorities in the world. 

As per FCA regulations, Tickmill keeps client funds segregated from its own operational funds, submits to regular audits, and provides all its clients with negative balance protection. As a member of the Financial Services Compensation Scheme (FSCS) in the UK, all clients of Tickmill UK Ltd, are covered in the event of default by Tickmill UK Ltd. Clients are covered up to the value of 85,000.00 GBP.

Tickmill’s quality and popularity amongst traders have been noticed and rewarded by its industry peers.  In recent years the company has won awards for:

  • Best MENA Dorex Broker 2021 (Cairo Virtual Expo)
  • Best Customer Service (Cairo Virtual Expo)
  • Best Commodities Broker 2020 (Rankia Markets Experience Expo)
  • Best Trading Experience 2020 (Forex Brokers Award 2020)
  • Most Reliable Broker 2020 (Online Personal Wealth Awards)
  • Best Forex Education Provider (Global Brands Magazine)
  • Best CFD Broker Asia 2019 (International Business Magazine
  •  Best Forex CFD Provider 2019 (Online Personal Wealth Awards)

Overall, Tickmill is regulated by a number of strong international regulators, has a long track record of responsible behaviour, and has received wide industry recognition.  On this basis, we deem Tickmill a trustworthy broker.  

Scroll for more detailsPreviousNext
Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
CySEC
FCA
LFSA
FSCA
FSA-Seychelles
STP
2014
Eden Island, Mahe

Trading Fees

Tickmill’s trading fees are lower than average.

A non-dealing desk broker, Tickmill offers three live CFD market execution accounts and a Futures Account.  For the purposes of this review, we will be focusing on the CFD trading accounts.

The Classic Account has the trading costs included in the spread, while the Pro and VIP accounts offer tight spreads in exchange for a small commission per trade.  Trading conditions improve with increasing minimum deposits. For more detail on Tickmill’s trading accounts, click here.

Tickmill’s accounts were assessed to compare the costs to those of other brokers. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Unfortunately, Tickmill does not publish the average spreads for each account, so these calculations were based on the minimum spreads.

The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission:

Spread x Trade Size + Commission = Total Trading Cost (USD):

Tickmill Accounts

As you can see from the table above, the trading costs on the VIP Account are lower than the costs on the other two accounts and are significantly lower than those charged by other brokers on similar accounts. However, traders need to maintain a minimum account balance of 50,000 USD, which puts it only within the reach of professional traders.  The trading costs on the Pro Account are also highly competitive, and it only requires a minimum deposit of 100 USD.  It should be noted that Tickmill charges some of the lowest commissions in the industry – the commissions at most other brokers tend to be 7 USD (round turn) per lot traded.

The only account with higher-than-average trading costs is the commission-free Classic Account.  The average trading costs at most other brokers tend to be 9 USD per lot traded.

Scroll for more detailsPreviousNext
Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
111115/ 5
USD, EUR, GBP, PLN
0 pips
USD 4
0.0 pips
0.0 pips
0.0 pips
4
111115/ 5
USD, GBP, EUR, AUD, CHF
0.90 pips
USD 9
0.9 pips
1.6 pips
1.1 pips
0.0
111115/ 5
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
0.69 pips
USD 6.90
0.1 pips
0.6 pips
0.3 pips
0.0

Swap Fees

Tickmill charges swap fees for positions that are held overnight.  Interest is paid (or received) for each night a position is held. When a trader wants to keep a position open, they will pay interest on the currency sold, and receive interest on the currency bought. So, the swaps are derived from the interest rates of the countries involved in the currency pair, whether the trader is going long or short, and the current market conditions. For example, the swap rates on 1 lot of EUR/USD are -3.56 for a short position and +0.83 for a short position.  Tickmill provides a convenient swap calculator to calculate these costs.   

On the whole, the ongoing trading costs at Tickmill are extremely competitive on its two commission-based accounts, but higher than average on its commission-free Classic Account.  However, at 100 USD, the minimum deposits on the Classic and Pro accounts make them accessible to most traders.   

Non-trading Fees

Tickmill’s non-trading fees are much lower than those charged by other similar brokers.

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.  These fees can significantly affect your profitability and so should be carefully scrutinised.

However, at Tickmill no fees are charged for deposits or withdrawals, and Tickmill does not charge inactivity fees on dormant accounts.  This is remarkable for an industry that charges fees for most transactions.  

Opening an Account at Tickmill

Tickmill has a fast and hassle-free account opening process, with quick verification.

British traders can open an account at Tickmill, but need to meet the minimum deposit requirement of 100 USD to do so.  In order to open a VIP Account, traders must maintain a minimum balance of 50,000 USD.

Tickmill offers both corporate and individual accounts, but we will outline the four-step process for opening an individual account:

  1. Register an account.  This can be done by clicking on the “Create Account” button.  Traders are required to fill in their personal information (name, email address, telephone number, and date of birth), and trading knowledge, and create a password.
  2. The next step is to confirm your identity.  Tickmill will need two documents from you:
    1. A photo ID (passport, driver’s license, or national ID card) and; 
    2. A secondary ID (a bank or utility statement with your full name and address dated in the last three months).
  3. The third step requires choosing your trading account, preferred base currency (click here for more on Tickmill’s base currencies), and level of leverage.
  4. Lastly, you can download the trading platform (MT4), and start trading.

We advise you to read Tickmill’s risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, Tickmill’s account-opening process is quick, efficient, and accounts are generally ready for trading within a matter of hours. 

Tickmill Accounts

Tickmill offers three CFD accounts and a Futures Account, which is average compared to most other brokers, and its accounts are suitable for beginners and more experienced traders. 

Tickmill has three simple CFD account types that are both suited to beginners and experienced traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.  Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. 

Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. Spreads on these accounts are usually wider than those with higher minimum deposits.  Tickmill’s Classic Account requires a minimum deposit of only 100 USD and allows trading in smaller trade sizes, measured in micro-lots, which is suitable for beginner traders.  

In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads.  Tickmill’s Pro and VIP accounts both have extremely tight spreads (starting at 0.0 pips on the EUR/USD) in exchange for round-turn commissions of 4 and 2 USD respectively, some of the lowest in the industry.  The trading costs on these accounts make them appealing to experienced traders.   

Tickmill offers trading on 62 Forex pairs in addition to CFDs on stock indices, metals, futures, options, and bonds, without any dealing desk interference (click here for more on Tickmill’s tradable assets). Its accounts are denominated in four different currencies, including EUR, GBP, USD, and PLN, and clients have access to leverage of up to 30:1.   Tickmill allows hedging, scalping, and copy trading.

Tickmill also offers Islamic swap-free accounts, but when a position is held open for more than three consecutive trading days (including weekends), an Islamic account is subject to charges, but only on exotic currency pairs. 

Tickmill Europe Accounts

Classic Account

This commission-free entry-level account requires a minimum deposit of 100 USD.  Fees are included in the spreads, which start at 1.6 pips on the EUR/USD, which is wider than other similar brokers. 

Pro-Account

This account requires a 100 USD minimum deposit and is an entry-level account for professional traders. Tight variable spreads (starting at 0 pips pips) are available in exchange for a commission of 4 USD (round turn) per lot. Note that the stop out and limit levels for Pro account users are zero.

VIP Account

With excellent trading conditions, this account is for high-volume professional traders but requires a 50,000 USD minimum deposit. The commission is reduced to 2 USD (round turn) per lot and spreads are 0.0 pips (EUR/USD), making this account one of the lowest-cost accounts in the industry.

Futures Account

The Futures Account gives clients access to 5 globally regulated Futures exchanges: CBOT, CME, COMEX, NYMEX, and EUREX.  Commissions are low, at 1.30 USD for a Standard Contract and 0.85 USD for a Micro Contract.  The Minimum deposit on this account is 1000 USD.  

Scroll for more detailsPreviousNext
Account Types
Min. Deposit
Max. Leverage
Min. Spread
Commission
Classic
USD 100
30:1
1.60
None
Account Details
Pro
USD 100
30:1
0.0
Variable
Account Details
VIP
USD 50000
30:1
0.0
Variable
Account Details

Professional Account

A professional client is someone who is considered to have significant experience and a full understanding of the risks involved in trading. Due to this increased experience, professional clients are able to access more favourable trading conditions, including higher leverages and reduced margin rates.  The leverage offered to professional clients is up to 500:1.

In order to qualify as a professional client, you have to meet the following criteria:

  • You have carried out transactions, of a significant size, on the relevant market at an average frequency of 10 trades per quarter over the previous four quarters (with Tickmill and other providers).
  • The size of your financial instrument portfolio, including cash deposits and financial instruments, exceeds 500,000 EUR.
  • You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of leveraged products such as CFDs.

Demo Account

Demo accounts allow prospective traders to practice trading in real-time.  One can test tools and strategies and sharpen trading skills completely risk-free.  New traders can also explore the full suite of customisable tools and features that the MT4 platform offers to enhance trading performance.  Demo accounts expire if there is no login for seven consecutive days.

Overall, in general, Tickmill’s initial and ongoing costs are lower than other similar brokers. Tickmill’s Classic Account appeals to beginner traders with its low minimum deposit and micro-lot trading, while its commission-based accounts will appeal to more experienced traders with extremely tight spreads in exchange for a small commission per lot traded.  

Deposits and Withdrawals

Tickmill offers a wide range of funding and withdrawal methods, its processing times are fast, and no fees are charged for deposits or withdrawals.  

A well-regulated broker, Tickmill ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source.  Tickmill offers commission-free deposit and withdrawal options that can be performed on the broker’s trading platform. Accounts are denominated in GBP, EUR, USD, and PLN. See below for details:

  • Visa/Mastercard: Deposits are instant and free.  Withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD.
  • Bank transfers: Deposits and withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD.
  • Neteller/Skrill: Deposits are instant and free.  Withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD.
  • Dotpay: Deposits are instant and free, and it only accepts payments in PLN.  Withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD.
  • Paysafecard: Deposits are instant and free.  Withdrawals cannot be made via this method.
  • Sofort: Deposits are instant and free.  Withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD, and accounts are only denominated in EUR/GBP.
  • Rapid by Skrill: Deposits are instant and free.  Withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD.
  • Paypal: Deposits are instant and free.  Withdrawals are free and are processed within one day.  The minimum withdrawal amount is 25 USD.

Tickmill also has a Zero Fee policy and will reimburse traders for any third-party fees charged up to 100 USD on deposits of over 5,000 USD.

Overall, Tickmill offers a wider range of funding methods than most other brokers, and they are free.  Additionally, its processing times are quick, and for deposits over 5,000 USD, traders will be reimbursed for any third-party charges.

Base Currencies (Trading Account Currencies)

Tickmill offers four base currencies, which is limited compared to other brokers, but Tickmill offers accounts denominated in GBP.

At Tickmill, traders can only choose from four base currencies: USD, GBP, PLN, and EUR. While most UK residents will want to have their trading accounts denominated in GBP, some traders may want to have multiple accounts with different base currencies so as not to pay conversion fees when trading.  However, with the limited number of base currencies available at Tickmill, this will not be possible for every instrument.  

For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made.

Overall, Tickmill offers fewer trading account currencies than most other large international brokers but it offers accounts denominated in GBP.  

Tickmill’s Trading Platforms

Tickmill offers full support for the MT4 platform and recently added MT5 to its trading arsenal.  This highlights how Tickmill continually forms partnerships to improve trading conditions for its expanding client base.

Tickmill recently added the MT5 platform to its itinerary, which means that the broker is looking at enhancing its asset diversification in the future – possibly adding shares, or specialty CFDs such as ETFs.  This is excellent news for more experienced traders who may find the financial assets available at Tickmill slightly limiting (for more on Tickmill’s financial instruments, click here).  

All platform choices are free to use, all can be downloaded to your PC and all have web versions of the platform. All platforms are also available on mobile Android and iOS devices, for more on Tickmill’s mobile platforms, click here.

Metatrader 4

Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. It is also widely recognised for its fast execution speeds, range of charting tools, algorithmic trading, and customisability. 

Tickmill’s MT4 platform is the standard version of MT4, and while numerous upgrades are available, most of them come at a price.  

Features of the MT4 include: 

  • A built-in library of more than 50 indicators and tools to streamline the analysis process
  • An impressive array of analytical tools, available in nine timeframes for each financial instrument.
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Customisable alerts
  • Access to MetaTrader market and MQL4 community. 

There are also many advantages of signing up with an MT4 broker:

  • The MT4 community is vast, as is the amount of text and video resources to support new and experienced traders alike.
  • The MT4 EA (Expert Advisor) community of developers is very active, so renting or buying algorithmic trading software is very easy.
  • MT4 has very low system requirements, and MT4 trading can run off any device.

While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find.  In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.

Metatrader 5

Developed in 2010, MT5 is the newer version of its predecessor, MT4.  MT5 is more powerful and faster than MT4 when it comes to back-testing functionality for automated trading algorithms.  It also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on the charts.  Additional features of MT5 include:

  • Depth of market display and technical indicators
  • 6 pending stop order types, including Buy Stop Limit and Sell Stop Limit
  • Improved strategy tester for algorithmic trading and expert advisors (EAs)
  • In-built market of trading systems & apps
  • Trading functions and alerts with e-mail and push notifications on mobile devices
  • Improve precision in forex and CFD trading through trading robots for scalpers
  • Exchange trading allowed
  • Forex Signals and Copy Trading
  • 21 time frames and 8 order types
  • Access to comprehensive analytical tools, with over 80 technical indicators and 44 analytical objects.

Again, only the standard version of MT5 is available at Tickmill.  However, support for MT5 means that Tickmill can enhance its asset offering, making it more appealing to experienced traders.

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
11110.54.5/ 5
11110.54.5/ 5
Avatrade Social

While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. On the other hand, the benefit of Tickmill offering third-party platforms such as MT4 and MT5 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker.  Additionally, there are thousands of plugins and tools available for the MetaTrader platforms.  

Mobile Trading Apps

Tickmill’s mobile trading platforms are average compared to other similar brokers.

MetaTrader4 (MT4) and Metatrader 5 (MT5) are available on IOS, Android, and Windows mobile phones and tablets. The app will connect to the same account as the desktop software, allowing a synchronised and mobile trading experience.

Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts.  

Trading Tools

Tickmill offers an excellent range of trading tools compared to other similar brokers.

Tickmill offers a number of excellent trading tools, including Autochartist, Myfxbook, PelicanTrading, a VPS service, an advanced trading toolkit, and a one-click trading plugin.  Autochartist is free of charge for all registered users, while other third-party tools such as myfxbook, Pelican Trading, and VPS hosting incur an extra cost on the part of the trader.

AutoChartist

AutoChartist is a third-party automated chart analysis tool that scans the markets for volatility and notifies traders of relevant trading opportunities. Since it integrates into MT4, information is available inside the trading view and simplifies the platform while providing additional analysis. Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Autochartist is one of the best analytics tools on the market, and Tickmill does well to provide this service to its clients. Tickmill offers AutoChartist free of charge to all live and demo account holders.  

Myfxbook

Another common third-party trading tool available on Tickmill is Myfxbook AutoTrade, a cross-broker social trading platform that allows for copy trading without additional software. Myfxbook is available at an extra cost, and traders will have to contact myfxbook directly to find out more. Myfxbook is lauded as one of the best social trading platforms available.

Pelican Trading

Like Myfxbook Auto Trade, Pelican is an innovative all-in-one mobile auto-copying application that allows traders to follow and copy trades from other successful traders.  Pelican has a user-friendly interface that provides a platform to learn from and chat to other traders and mentors.  Users can also track and analyse the performance of other traders.  This platform is ideal for beginners starting out in the trading space.  Again, traders will have to contact Pelican directly to find out about the costs associated with using the service.  

VPS Service

Tickmill VPS has partnered with BeeksFX to provide a discounted VPS service to clients. As one of the largest Forex VPS providers, BeeksFX gives users access to very low latency networks and expert advisors. 

Tickmill clients are entitled to the following exclusive benefits with BeeksFX:

  • 20% discount on all packages.
  • Quick setup and a 24/7 live chat and email support.
  • Negligible latency due to VPS servers’ adjacent location to Tickmill.
  • 100% uptime guarantee.

No shared resources, and increased control.

Advanced Trader Toolkit

Free to all Tickmill clients, the Advanced Trader Toolkit gives traders access to institutional quality technology, including advanced trading tools, user-configurable news and information, and trade analysis. It also includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking.  This tool is appropriate for more experienced traders refining their trading strategies. Some of tools in the package include:

  • Trade Terminal: A feature-rich professional trade execution and analysis tool, providing several trading features and order controls that are not included in MT4 or MT5.
  • Connect: A customisable news feed aggregator and interactive economic calendar.
  • Mini Terminal: Tailored to the MT4, manage your execution with context in a specific trading chart.
  • Correlation Matrix and Correlation Trader: These tools work together to show correlations between pairs of trading symbols. It functions with any symbols available in the trading platform, allowing a calculation of the correlation between multiple asset classes against Forex. The Correlation Trader will then allow for detailed inspection of the correlation between any two instruments.
  • Sentiment Trader: Allows traders to feel the markets out with real-time long and short positioning data, historic sentiment, and a dashboard for multiple instrument sentiment analysis.

Trading View

Tickmill is also active on their TradingView Pro account where analysts are continually marking up charts. Even if traders are not going to take advantage of these trading opportunities, they are a great way to learn technical analysis from the pros.

One-Click Trading

The One-Click-Trading MT4 Expert Advisor (EA) is designed to make common trading mechanisms more accessible, facilitating trading and removing unnecessary navigation between windows and charts. This EA does not overly simplify MT4, but it does make trading on the platform less complicated.

Overall, Tickmill offers some of the best trading tools in the industry, with tools to suit both beginners and more experienced traders.  

Scroll for more detailsPreviousNext
Broker
Autochartist
Trading Central
Trading View

Tickmill’s Trading Assets

Tickmill’s range of financial instruments to trade is smaller than most other brokers, with no shares nor specialty CFDs such as ETFs.  However, with the recent addition of MT5, Tickmill now offers futures and options.  

While Tickmill does offer a selection of CFDs to trade, it has only just introduced the MT5 trading platform, and the MT4 platform is primarily a platform for trading Forex. This shows in Tickmill’s relatively limited range of financial instruments. However, Tickmill now offers futures and options trading.  

Scroll for more detailsPreviousNext
Financial Instrument
Number of Assets
Leverage
Bonds
4
100:1
Cryptocurrencies
3
2:1
Stock CFDs
80
Unleveraged
Forex
62
500:1
Indices
14
100:1
Metals
2
500:1 on gold, 125:1 on silver

Forex: Tickmill offers 62+ currency pairs for trading, including majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and GBP/NZD), and exotics (EUR/NOK, USD/SEK and EUR/ZAR). At Tickmill, there are more pairs to trade than most other Forex brokers.  Leverage on forex is up to 30:1.

Indices: Tickmill offers trading on 16 indices, which is limited compared to other similar brokers, and includes the likes of the AUS200, UK100, US30, and US500. Leverage is up to 20:1 on indices and both Index Futures and Index Cash CFDs are available.  Professional traders can access leverage of up to 100:1.  

Metals: Tickmill offers two metals, whereas most brokers only offer trading on between 5 – 10 Metals. These include gold and silver.  Maximum leverage on metals is 1:20 on metals, but professional clients can access leverage of up to 1:500 on gold and 1:125 on silver.

Bonds: Tickmill offers four bonds for trading, which is average compared to other similar brokers.  Leverage is up to 1:5 on bonds for retail clients and 1:100 for professional clients.

Options and Futures: Tickmill offers trading on 62 futures and options, which is average compared to other similar brokers.  Leverage is up to 1:20, but intraday and overnight margins are subject to change by the Exchange when they deem appropriate, considering all market factors. Notification is announced and all participants need to ensure they meet the new notified initial margin level the following day.  

Cryptocurrencies: Tickmill only offers three cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin.  These are only available for professional clients who meet the eligibility criteria.  This offering is also limited compared to what’s available at other brokers.  Leverage is up to 1:2 on cryptos.  

Scroll for more detailsPreviousNext
Fx Pairs
CFD Investments
62
Cryptocurrencies
Forex
Indices
Metals
Stock CFDs
Bonds

Apart from the wide selection of Forex pairs, Tickmill has a disappointing range of CFDs. Mostly this will be down to the MT4 platform.  However, with the addition of MT5, Tickmill is now able to offer trading on options and futures. 

Tickmill for Beginners

Tickmill has a world-class selection of educational materials, in addition to webinars and seminars to help new traders get their footing. It also offers an Analysis Blog and Trading View Analysis Tools, offering new perspectives on currency markets.  

Educational Material

Tickmill offers an excellent selection of educational materials.  Most of it is focused on beginners, but there are sections that will appeal to more experienced traders.

Tickmill offers a range of educational resources, including free downloadable e-books, video tutorials, infographics, and a Forex glossary.  It also hosts regular seminars and webinars.

Ebooks: The e-books cover Forex Trading Basics and how Forex trading works, introducing the Major Currency Pairs, Trading Strategies, an Introduction to Fibonacci Analysis, and the major types of Forex analysis.  

Video Tutorials: Tickmill offers a range of video tutorials, some of which can only be accessed through registering a live account.  Video tutorials cover various topics, including Forex Trading, Market Analysis, Trading Psychology, Trading Strategies, Social Trading, CFDs, Managed Accounts, and Technical Indicators.  

Infographics: Tickmill provides excellent infographics that detail key facts and possible scenarios of various events, and how these impact the markets.  

Webinars are run in four languages (English, Arabic, Italian, and German), and all previous webinars are available in an archive. The webinar subjects vary from more fundamental concepts like News Trading Strategies to Technical Analysis and Chart Theories like Standard Elliot Wave Models.

Tickmill also has a schedule of free seminars worldwide, which introduce clients to trading concepts, and provides networking opportunities.

The brokerage also offers a trading glossary which acts as another source of education, and where basic terms are described in short sentences.

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course

Analysis Material

Tickmill’s analysis material is excellent compared to other similar brokers.  

The in-house Tickmill research team of eleven experts runs a regular blog covering both fundamental and technical analyses. The research provides information on market-moving events outside of conventional news sources.  These articles are updated throughout the day and are multi-format, including charts, videos, and written articles.  

The blog is publically available, and Tickmill allows traders to contact authors with questions about various articles. This is a unique offering, as brokers typically shy away from one-to-one contact with traders.

Customer Support

Tickmill offers high-quality customer support, however, it is only available from Monday to Friday during business hours.  

Customer support is available in 17 different languages, via email, telephone, and live chat.    Traders should note that customer service is only available from Monday to Friday during business hours.

For the purposes of this review, we found the customer service extremely responsive and very knowledgeable.  It is clear that Tickmill has invested in training the customer service team as they were able to answer all our questions without hesitation. 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Tickmill offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Tickmill Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Tickmill would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with Tickmill Ltd.

Overview

Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. With a strong education section, the availability of both MT4 and MT5, additional premium tools offered to traders at no extra cost, and excellent trading conditions on its commission-based accounts, Tickmill appeals to the serious beginner and more experienced trader.

AlertAccepts UK Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles. 73% of traders lose money with this provider.

Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Acct
Trading Platforms
Funding Methods
Trading Commission
11110.54.48/ 5
GBP 100
STP
Cryptocurrencies
Forex
Indices
Metals
Stock CFDs
Bonds
62
3
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
  • Limited base currencies
111104/ 5
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
73% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Classic
Pro
VIP
Bank Transfer
Visa
Mastercard
Skrill
Neteller
SticPay
Unionpay
Fasapay
4 USD / lot - Pro Account
11110.54.48/ 5
GBP 100
Market Maker
Commodities
Cryptocurrencies
Forex
Indices
Stock CFDs
ETFs
55
18
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Dealing desk
  • Limited market analysis
111104/ 5
111115/ 5
11110.54.5/ 5
11110.54.5/ 5
111115/ 5
11110.54.5/ 5
111104/ 5
72% of retail investor accounts lose money when trading CFDs with this provider
30:1
0.90 pips
Islamic
Professional
Retail
Avatrade Social
POLi
Visa
Mastercard
Skrill
Neteller
Paypal
Bank Transfer
Fees Included in Spread
11110.54.61/ 5
GBP 5
ECN/DMA
Commodities
Cryptocurrencies
Forex
Indices
Metals
60
5
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
    11110.54.5/ 5
    111115/ 5
    111115/ 5
    111104/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    79.3% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0 pips
    Razor
    Standard
    Swap-free
    Bank Transfer
    Visa
    Mastercard
    Skrill
    Paypal
    Unionpay
    POLi
    BPay
    From 7 USD / lot - Razor Account

    Visit Broker

    Share your knowledge

    Featured Brokers

    Close
    >