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Tickmill Review by TopAsiaFX

Fact Checked R. Chadwick
Last Updated 4 months ago
Advertiser Disclosure

Tickmill Overview

TickMill, which is a 2014 establishment, hands down has the perfect trading tools, making it a powerful, client-centric broker with great prices, for all its traders. First-time investors find TickMill pretty attractive for many reasons.

To begin with, they have competitive spreads from 0.0 on ECN accounts so that you will earn better by trading less-expensive (TickMill Pricing Overview). For new traders, the user-friendly MetaTrader 4 (MT4) and MetaTrader 5 (MT5) interfaces make the markets more accessible, so even a novice will be able to handle their trades (TickMill Trading Platforms).

Furthermore, TickMill is regulated by top-tier authorities including the FCA (UK), FSA Seychelles, and CySEC (Cyprus) so you can put your trust into a broker worth trading with (FCA Register for TickMill UK, FSA Seychelles License Information, CySEC Registered Companies). With this regulation, new investors can trust that their funds are in safe hands and that they are trading in a well-reputed way.

In a nutshell, you will have all the necessary tools and backup to either study or perform some advanced trading strategies. Mix all of this with the above account types, trading fees, platforms, and why investors would choose TickMill to attain their goals, and this TickMill review has got it all.

Tickmill Pros & Cons

Pros

  • Competitive spreads and low fees.
  • Multiple account types for different traders.
  • Regulated by top-tier authorities.
  • Trading tools and resources.
  • User-friendly trading platforms (MT4 and MT5).
  • 24/5 support.
  • Copy trading with third-party and proprietary platforms.

Cons

  • Limited educational resources for beginners.
  • High minimum deposit for VIP accounts.

Tickmill Account Types

Accounts Currencies Min. Deposit Leverage Starting Spreads Demo Account Rollover Free Commission Max. Lot Size Min. Lot Size
Classic Account (MT4/MT5) USD, EUR, GBP, ZAR $100 1:1000 1.6 pips Yes No $0 100 lots 0.01 lots
Raw Account(MT4/MT5) USD, EUR, GBP, ZAR $100 1:1000 0.0 pips Yes No $3 100 lots 0.01 lots
Islamic Account USD, EUR, GBP $100 1:1000 0.0 pips Yes Yes $3 100 lots 0.01 lots
Raw Account USD $100 1:1000 0.0 pips Yes $3.5 100 lots 0.01 lots

Account Options

Broker Type Minimum Deposit Forex Majors Spread Maximum Leverage Min. Trade Size Scalping Hedging Free Demo USA Traders
ECN, STP $100 0.1 pips 1:1000 0.01 lots Yes No Yes No

TickMill understands that every trader has unique needs, and as such, they offer a range of account types designed to cater to both beginner and professional traders. Here's an overview of the available account types:
  • Classic Account (MT4/MT5)
  • Raw Account(MT4/MT5)
  • Raw Account
  • Islamic Account

Note: Keeping in mind all the Muslims across the globe, the brokerage is committed to providing Islamic trading accounts at the time of need.

Let's get a closer look at the accounts provided by Tickmill.

Here are the deets...

First of all, the classic trading accounts are BEST suited for amateur traders but it's also pretty prominent for the experienced traders as well.

Furthermore, the account contains availability of more than 62 currencies and the spreads start from 1.6 pips where no commissions are charged.

Then the Pro accounts come into action which is mainly designed for the expert market traders. As a reason, the spreads of these accounts start from 0.0 pips where commissions are applicable except indices, oils, and bonds.

Tickmill also provides high-volume trading accounts that are known as "VIP accounts'' for certain groups of traders who are in need of HUGE transactions. Besides, the account requires a minimum deposit amount of $50,000 along with zero commissions (for Oil, Stock, Indices, and CFDs only).

And last but not least the leverage ratio that Tickmill offers is 1:500 which can vary depending on the asset.

Apart from all these, Tickmill offers two varieties of executions which include the NDD ( No Dealing Desk) Execution along with market executions. Besides, you won't be getting any instant execution procedure with the brokerage.

For more information on the account types and to choose the one that suits your needs, check out TickMill’s Account Types Overview.

Pro Tip: Start with a Pro Account if you’re an experienced trader and comfortable with commissions—it could save you more in the long run.

Tickmill Trading Platforms & Fees

Regulation
  • ( FSA & CySEC )
Fees
  • Yes
Platforms
  • MT4, MT5, Web

Available Trading Platforms

Trading Platforms: MT4 and MT5

TickMill operates on the popular MT4 and MT5 platforms. MT4 is very user-friendly, so great for newbies. If you want a more advanced setup MT5 has more tools and features to help with market analysis and trading.

Comparison of Trading Platforms

Feature MT4 MT5
User Interface Simple, intuitive Modern, advanced
Order Types Market, limit, stop, trailing stop, stop limit Market, limit, stop, buy stop, sell stop, buy limit, sell limit
Timeframes 9 timeframes 21 timeframes
Trading Instruments Forex, CFDs Forex, stocks, indices, ETFs
Economic Calendar No Yes

Fees and Costs

TickMill creates a difference in the traders' environment with an overt and competitive pricing arrangement suitable for traders at various levels of experience. The accounts' fees and charges can best be understood by categorizing them. 

  • Raw Accounts (MT4/MT5): Raw accounts provide ultra-low spreads starting from 0.0 Pips and a commission of $3 per side per lot as their major feature. This is suitable for manual traders and high-frequency traders since the concept itself emphasizes low trading costs along with the prompt execution of trades, especially when the traders are after the very best execution prices.
  • Classic Account (MT4/MT5): The Classic account is an account made for beginner traders, thus it has no commissions and quite competitive spreads, usually starting at 1.6 pips. Such an account is best suited for someone who has just begun trading and wants to minimize their upfront costs in return for exposure to the real-world markets. 
  • VIP Accounts: Obviously more suited to the active trader, the VIP account has very low spreads, starting at 0.0 pips, with a slight commission (usually from $1 to per side per lot; totaling $2 per round turn), thus ensuring the lowest actual trading costs possible for those wanting to optimize their trading strategies. 

Note: To qualify, traders must maintain a minimum balance of $50,000

TickMill's pricing system is flexible enough to enable traders to ascertain an account type that caters to their trading style and objectives to ensure an affordable route to trading. Look into the official website on pricing .

Tickmill Top Features

What really differentiates TickMill as a broker from others? Of course, the spreads are a consideration; however, it is also about the features which include:

Risk Management and Leverage

One of the best advantages TickMill has is leverage that goes as much as 1:500 so that you can control very big positions with just a small investment. Being complemented with a robust risk management feature like stop-loss orders, this powerful tool would allow you to make informed decisions. 

Educational and Research Tools

TickMill doesn't have a grand abundance of educational materials, but they cover primary requirements according to levels of traders. On their YouTube channel and resource page, you will find video tutorials that give access to information on trading strategies and usage of the platform. 

Customer Reviews and Reputation

TickMill has a good name, with many traders praising the broker's reliable and efficient operation. Good reviews often highlight the quality of customer support and the innovative trading solutions TickMill has to offer.

Tickmill Regulation & Compliance

Tickmill is a forex broker that thrives on regulations from reputable jurisdictions. It avails traders a live, secure, and compliant ambience:

  • Tickmill UK Ltd: The Financial Conduct Authority, UK regulates it under registration number: 717270. The FCA regulation is pretty strict in the financial industry, which gives trader protection and a high code of conduct for policy that brokers follow.

  • Tickmill Ltd (Seychelles): Regulated by the Financial Services Authority (FSA) of Seychelles, under license number: SD008. Seychelles offers a bit more flexible trading conditions but slightly lighter oversight than the UK and EU entities. 

Investor protection and insurance

Protection of invested funds reassurance becomes a reality for the trader using Tickmill through a combination of investor protection measures and a strong protocol for funds segregation: 

  • Negative Balance Protection: It ensures the trader can never lose more than his/her deposit while offering trade risk management across all accounts. Client accounts are maintained in segregated accounts, meaning your money is protected in the unlikely case of broker default. 

  • Financial Services Compensation Scheme: The FSCS covers clients within the UK for up to £85,000 in the event of the insolvency of a broker. Such protection offers an additional layer of safety and peace of mind for traders based within the UK (FSCS Official Website).

Safety Features

Tickmill prioritizes the security of its traders and has implemented these highly advanced technology to protect private and financial information:

  • SSL Encryption: Secure communication will use SSL encryption technology by Tickmill. It protects personal information during trades.

  • Two-Factor Authentication (2FA): For enhanced account protection, Tickmill offers 2FA to prevent unauthorized access and to reinforce the login security.

Tickmill Service Details

Supported Languages English, Indonesian, Polski, Melayu, Deutsch, Русский, Italiano, Tiếng Việt, Portuguese, 한국어, Español, 中文简体, 中文繁體, العربية, ภาษาไทย
Customer Service By Live Chat, Email
Service Hours 24/5
Email Response [email protected]

Tickmill Trading And Investment Tools

One Click Trading Yes
Stop Order Yes
Limit Order Yes
Trade off Charts No
Market Order Yes
24hr Trading Yes
Email Alerts Yes
Trailing Stop Order Yes
Charting Package Yes
Mobile Alerts Yes
OCO Orders Yes
Streaming News Feed Yes

Tickmill Deposit & Withdrawal

Tickmill treats deposits and withdrawals in a special way. From bank transfer to credit card deposit, various alternatives exist through which deposits are made in TickMill. E-bill payment solutions like Skrill and Neteller are also possible; these show up at Tickmill very fast. 

Withdrawal request processing times are fairly short; still, just as in other brokerage firms, the withdrawal method of choice may delay the withdrawal processing times. Secure transactions are an important point for any broker trying to be trusted by certain traders. This is part of what Tickmill advocates for.

You can access the Deposit and Withdrawal section on the website of TickMill if you need more information in regards to depositing and withdrawing activities on your account.

Payment Methods

Tickmill User Experience

TickMill is great when it comes to user experience; easy to navigate your account whether you’re a retail trader or an advanced user; you can find what you need in seconds.

Trader’s Tools

  • Economic Calendar: Keep track of market-moving events and never miss a critical announcement like job reports or interest rate changes.

  • Trader’s Calculator: This tool allows you to calculate your risk and profit before you trade. For example, you can use the TickMill trader’s calculator to input your risk levels and see how much of your capital you should allocate to each trade.

  • Trading Tools: TickMill gives you all the trading tools you need to make informed decisions and plan your trades.

  • Contract Specifications: Transparency is key so TickMill provides detailed contract specifications for all trading instruments. So you know what you’re trading and when to trade.

Client Reviews

TickMill has great reviews across independent review platforms, which shows consistency among users. TickMill has a 4.1 star rating from users who love its reliability, tight spreads and fast withdrawals on Trustpilot.

User Interface

The platform is easy to navigate - clean dashboard layout makes it easy to find what you need.

  • All account management functions including deposit, withdrawal, trade history and MT4/MT5 download can be found in the main customer portal.

  • No clutter here, just a beginner friendly interface, whether on mobile, desktop or web trading platforms. The drop down menus are very helpful for onboarding new traders.

Customer Support

TickMill's support is well known for its multi-lingual support and fast response.

  • You can reach the support team through Live chat, Phone or Email from Monday to Friday to solve problems in real time during trading hours.

  • And according to users, it takes less than 30 minutes to get a response via chat - while some more technical questions are answered in 24 hours which is very impressive for global brokers.

The support team knows a lot about various topics including how to register and log in to TickMill, account types and the difference between spreads.

Opening and Verification of Your Account

Opening an account with TickMill is very easy and simple. Here is the procedure: 

  • Fill the Registration Form: Fill in your details, full name, email, phone number, and the account section you want, i.e., Standard, ECN, Pro, or Zero ECN. 

  • Verify Your Identity: You will need your identity verified by uploading the relevant documents such as follows upon registration. 

    • Identity Proof: Passport, national Identity card, or driver's license.

    • Address Proof: Utility bills, bank statements, or any official government documents in your name and address. For further information on document specifications, check the Tickmill Verification of Accounts page. 

  • Fund Account: After verification, you can now fund your account with a bank transfer/debit/credit card or even an e-wallet like Skrill and Neteller. 

  • Trade: You can then start trading once your deposit has been processed through TickMill using MT4 or MT5. 

Doing these will allow you to begin trading in practically no time with very low minimum deposits and a rapid setup.

Deposits, Bonus and Cashbacks

Every trader ought to know the fees and costs applicable to the type of trading they engage in. Thankfully, TickMill has kept a simple yet transparent pricing regime suitable for both novice and seasoned traders. Here are the basics regarding pricing at TickMill:

Spreads 

TickMill accounts for tight spreads which vary by the type of account:

  • Classic Account: Spreads start from 1.6 pips. No commissions apply.

  • Raw Account: Spreads start from 0.0 pips, whereas a commission applies (details below).

These rates are one of the most competitive and in line with the standards of the industry. For more details see TickMill Trading Fees.

Commissions

Based on the type of account you have, commissions may apply.

  • Classic Account: No commissions.

  • Raw Account: $3 per lot per side, i.e., $6 per round lot.

This is great for scalpers and high-volume traders using ECN conditions. See TickMill Trading Conditions.

Overnight Charges (Swap Rates)

Also called rollover fees, they are charged if you keep your positions open overnight and are used depending on:

  • Currency pair

  • Trade direction (long or short)

  • Current market rates.

In other words, overnight positions are subject to swap rates depending on instrument and direction. (More Info)

Deposit and Withdrawal Fees

  • Almost always, TickMill follows a zero-fee collection for deposits and withdrawals.

  • Deposits carry no internal fees, although third-party providers (such as banks or e-wallets) may impose charges.

  • Withdrawals are free, although the banks or services may apply external charges.

Inactivity Fees

The inactivity fee at TickMill is not imposed, unlike many other brokers.

Good news- this is good for part-timers and long-term traders. Also note that Tickmill reserves the right to charge an inactivity fee as outlined in their terms.

Islamic (Swap-Free) Accounts

TickMill offers Islamic swap-free accounts that comply with Islamic law. However:

  • Real positions held beyond three nights may incur a fee, which varies according to the asset ($5-$50).

Final Verdict on TickMill

As G. D. Anderson said “Success is not in what you do in life but what you inspire others to do”. With all the possibilities of active trading with all the tools TickMill offers, it’s obvious to say TickMill is a broker who offers great value not only through its online platform but its partnership-like level of service tells it all about low fees, great regulation and everything tailored for beginners and pros to gauge their risk ratios.

Whether you have primitive ambitions or looking for ways to improve your skills, TickMill will lead you to your destination. For full service trading, Visit TickMill’s Homepage to start trading today!

Join TickMill Today and Start Your Trading Journey!

FAQ's

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TickMill’s policy is to process withdrawals via the same method that you used to deposit. For example, if you deposited using a credit card, the card will be credited with an amount equal to the deposit amount. Upon request, we can send any profits via other payment methods under your name.

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Tcikmill process all withdrawal requests within one working day. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.

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Yes, you can. However, at the moment of withdrawal processing, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position).

If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.

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TickMill provides you with low spreads starting from 0.0 pips and an ultra-fast execution speed of 0.15 seconds on average. Skrill, Neteller, FasaPay, UnionPay, and credit card deposits are processed instantly while withdrawals are processed within one working day. TickMill is proud that TickMill has no restrictions on trading and no requotes. They also allow scalping, hedging, arbitrage, EAs, and algorithms.

+

TickMill does offer Cash CFDs that allow you to trade with a continuous price that isn’t subject to an expiration date. The Cash CFD price is derived from the underlying futures contracts.

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TickMill offers FIX API connection to our large private clients and institutional clients. The minimum account balance required is 500,000 £$€ and the required minimum monthly commission fee generated should be 5,000 £$€. TickMill does not offer a demo version. If a client generates 5,000 £$€ or more in monthly commissions, then they do not charge any fees for using this service. However, if the monthly commissions are less than 5,000 £$€, then a fee applies (5,000 £$€ – the amount of commission generated).

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TickMill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). As such, our internal systems are in compliance with the FSA regulations, which means that your funds are held in segregated accounts to protect your assets.

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TickMill is a trading name of TickMill Ltd, which is regulated by the Seychelles Financial Services Authority (FSA).

TickMill is also a trading name of TickMill UK Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom and of TickMill Europe Ltd which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Add Your Review

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User Reviews

Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.

Maria Santos

| Philippines

Spreads and withdrawal issues

Some currency pair spreads are unreasonably high, and the withdrawal process needs improvement. It would also be helpful to offer larger contract sizes for NAS100 or SP500, such as 10 or 100, so traders have better opportunities to benefit.

3

18 Apr, 2025

Thabo Mokoena

| South Africa

High Commission on Raw Account

The commission on the Raw account is extremely high—it nearly drained my balance. The Standard account has large spreads, making it difficult to trade profitably.

3

18 Apr, 2025

Priya Sharma

| India

I Love the stability!

The platform runs smoothly, and the MT5 Pro account has been consistently reliable. My trading setup continues to perform well. Still, it would be great to see more advanced charting options and a wider range of trading tools

4

17 Apr, 2025

Chinedu Okafor

| Nigeria

Surprisingly User-Friendly But Could Offer More

This broker met most of my expectations. The Acuity Trading tool feels truly customized—something I haven’t come across with other platforms. On top of that, the low deposit requirement makes it easy for almost anyone to open a live account and start trading but i think adding a few more advanced features or educational resources could really take the platform to the next level.

4

16 Apr, 2025

Miguel Santos

| Philippines

A few months in, no issues

I've been trading here for a few months and everything’s been working fine. It’d be great if DAX spreads were a bit tighter though.

4

18 Apr, 2025

Faisal Al Thani

| Qatar

Good experience so far

My experience has been smooth so far. I really enjoy the webinars and hope they keep coming.

5

17 Apr, 2025

Lars de Vries

| Netherlands

Support team is quick and helpful

I usually use the live chat on their website—it’s the fastest way to get answers. I've been with Tickmill for about 8 months and plan to stick around.

5

18 Apr, 2025

Ahmed Al Mansoori

| U.A.E.

Fast payment processing

Payments are processed quickly. Once the broker approves a withdrawal, I usually receive the funds by the next day.

5

16 Apr, 2025

Jean Dupont

| France

Add more deposit bonus – at least 50%

I was let down by the bonus system. Regardless of how much you deposit, the bonus maxes out at just $500. Even with a larger deposit, there's no added benefit. Many brokers offer at least a 50% bonus, which makes this setup feel lacking and uncompetitive. I expected better rewards, especially for loyal or high-volume traders. The trading platform itself is solid, but the bonus program definitely needs improvement.

4

18 Apr, 2025

Klaus Müller

| Germany

Withdrawal issue resolved

I faced a problem with my withdrawal, but the Tickmill support team handled it and got everything sorted.

4

18 Apr, 2025