Tickmill Logo

Tickmill Review 2024

Written by
Adam N.
Fact checked by
Krisztián G.
Updated
5d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
9,159 people chose this broker
Not available in United States; see best alternatives

Why choose Tickmill

Tickmill is a low-cost forex and CFD broker, with low forex and non-trading fees. Account opening is fast, easy and fully digital. You can use many options for deposit and withdrawal, and they're all free of charge.

On the negative side, trading platforms provided by MetaTrader come with an outdated design and a poorly-structured news feed.

BrokerChooser gave Tickmill a 4.4/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Low forex fees
  • Fast and easy account opening
  • Free deposit and withdrawal
Overall score
4.4/5
Minimum deposit
$100
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit Tickmill

70% of retail CFD accounts lose money

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to Tickmill

EURUSD spread
Usual spread in pips

Fees

Score: 4.1/5
Tickmill has low forex fees and average CFD fees. There is no fee for depositing or withdrawing funds and also no inactivity fee.
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee

We compared Tickmill's fees with two similar brokers we selected, XM and Admirals (Admiral Markets). These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Tickmill alternatives.

Low FX fees

Tickmill charges a forex commmission: $2.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.2.

Broker
EURUSD spread
FX commission per lot
Tickmill
0.2
$2.00 commission per lot per trade
XM
0.1
$3.50 commission per lot per trade on XM Zero accounts
Admirals (Admiral Markets)
0.1
$3.00 commission per lot per trade
Tickmill forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.

Broker
S&P 500 CFD spread
Tickmill
0.4
XM
0.5
Admirals (Admiral Markets)
0.4
Tickmill index CFD spreads and commissions

No inactivity fee, no withdrawal fee

There is no fee for deposits or withdrawals. There is also no inactivity fee, but accounts that have been inactive for more than a year and have an account balance of less than €10 (or equivalent) may be closed by the broker.

Broker
Inactivity fee
Withdrawal fee
Tickmill
$0
XM
$0
Admirals (Admiral Markets)
$0
Tickmill inactivity, withdrawal and other fees

Other commissions and fees

Low options fees: Trading US index options is charged as follows - 0.85 per micro contract.

Low futures fees: US index futures fees are as follows - $0.85 per micro contract.

Broker
US stock
UK stock
Tickmill
-
-
XM
$1.0
$9.0
Admirals (Admiral Markets)
$0.0
$0.0
Misc. fees compared with other brokers

Safety

Tickmill is regulated by several financial authorities, including the UK's FCA. On the other hand, the company is not listed on any exchange and does not have a bank parent.
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
Deposit and withdrawal are fast and free of charge, and can be done via bank transfer, credit/debit cards and e-wallets. However, only a few account base currencies are available.
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 5/5
Tickmill has a fast and easy account opening process with quick verification. The minimum deposit is low at just $100.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

Score: 3.3/5
Tickmill has an okay mobile trading platform, offered by MetaTrader 4. It is a well-designed and user-friendly platform with a good search function. However, it lacks a safe login.
  • User-friendly
  • Good search function
  • Price alerts
Read more

Desktop platform

Score: 3.4/5
In design and functionality, the MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts here.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 2.7/5
At Tickmill, you can trade CFDs on forex, stocks, stock indices, commodities and some bonds. Options and futures trading is also available, but popular asset clases such as ETFs, bonds or funds are missing.
Read more
“I recommend Tickmill for forex traders because of the low forex fees. But this broker is not great for investors as stocks, funds and bonds are not available. I liked that Tickmill is regulated by several financial authorities including the UK’s FCA: for me, this provides an important layer of safety.”

FAQ

Read more
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this review

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit Tickmill 70% of retail CFD accounts lose money
×
I'd like to trade with...