Tickmill Review 2025

Is Tickmill regulated?

Yes, it is regulated by several financial authorities, including:

• the UK's Financial Conduct Authority (FCA)
• the Cyprus Securities and Exchange Commission (CySEC)
• the Financial Services Authority of Seychelles (FSA)
• the South African Financial Sector Conduct Authority (FSCA)
• and the Dubai Financial Services Authority (DFSA).

Is Tickmill safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

Depending on your country of residence, you can open an account at one or more of Tickmill's legal entities.

This is important for you because the investor protection amount and the regulator differ from entity to entity.

We recommend that you register your account with the UK entity if it's available for you, as we consider the FCA regulation the best one.
Tickmill provides negative balance protection for retail customers. If the balance on your account goes negative, you will be protected.

Our brokerage experts put together a comprehensive guide on the safety profile of Tickmill.

Background

Tickmill is based in the UK and was founded in 2014. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

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Account base currencies

At Tickmill, you can choose from the following 5 base currencies: EUR, GBP, USD, PLN, CHF.

This selection falls behind competing brokers. Both XM and Admirals (Admiral Markets) offer more base currencies.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Tickmill charges no deposit fees.

Here's all you need to know about minimum deposit requirements and depositing money at Tickmill.

A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

There are a lot of deposit options at Tickmill, including electronic wallets such as Neteller, Skrill, PayPal.

Tickmill withdrawal fees and options

Similarly to deposits, Tickmill charges no fee for withdrawal. You can use the same options for withdrawal as for depositing.

Read our guide containing all key info on available withdrawal methods and related fees at Tickmill.

You can only withdraw money to accounts in your name.

How long does it take to withdraw money from Tickmill? We tested debit card withdrawal and it took 1 business day.

How do you withdraw money from Tickmill?

1. Log in to account management.
2. Go to 'Withdrawal'.
3. Select your wallet and withdrawal method.
4. Enter the withdrawal amount.
5. Initiate the withdrawal.

Can you open an account?

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74% of retail CFD accounts lose money

Tickmill accepts clients from all over the world. There are only a handful of exceptions, the most notable ones being the US, Canada and Japan.

Read our separate article on how to get your account started with Tickmill.

What is the minimum deposit at Tickmill?

The required Tickmill minimum deposit is $100.

The minimum deposit is 100 in all the other available base currencies [EUR, GBP, USD, PLN, CHF] as well.

Account types

Tickmill has several account types that differ in pricing, minimum deposit and minimum account balance.

Retail clients of Tickmill Ltd Seychelles can use leverage up to 1:1000 while retail clients of Tickmill UK Ltd and Tickmill Europe Ltd can use maximum leverage of 1:30. If you qualify as a professional trader, you can trade using higher leverage, at up to 1:500 (at both Tickmill UK Ltd and Tickmill Europe Ltd).

These are the criteria for becoming a professional client:

• An average trading frequency of 10 trades per quarter in the previous four quarters.
• A financial instrument portfolio in excess of €500,000.
• At least one year of experience in a relevant financial position.

You can also open corporate accounts and swap-free Islamic accounts. The main difference between Islamic and other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights.

How to open your account

Account opening is fully digital, fast and straightforward. You can fill out the online application form in a matter of minutes. Our account was verified within one day.
To open an account at Tickmill, you have to go through these steps:

1. At the top of the page, choose the Tickmill entity most appropriate to your country of residence (Tickmill UK, Tickmill Europe, Tickmill South Africa, etc.).
2. Fill in your name, country of residence, date of birth, phone number and email address.
3. Choose a regulator in the 'entity' field; please note that for some countries, only one option may be available. We recommend going for the UK or EU (Cyprus) regulator if available in your country.
4. Click 'Submit', after which you will receive an email to verify your email address.
5. Once you returned to the page, enter your address, tax number and nationality.
6. Answer questions about your employment status, financial situation and trading experience; complete a short CFD quiz.
7. Select your account type (Raw or Classic) and base currency.
8. Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.

Similarly to the web trading platform, Tickmill offers MetaTrader 4 and MetaTrader 5 as a mobile trading platform. We tested the MetaTrader 4 platform. MetaTrader 4 is available for both iOS and Android. We tested it on Android.
After you download the MT4 mobile trading platform, you have to select the relevant server, e.g. TickmillUK-Live03.

The mobile trading platform is available in several languages.

Note that changing the language is a bit tricky on Android devices: you can do it only if you change the default language of your mobile.

Look and feel

Tickmill has a great mobile trading platform, we really liked its design and user-friendliness. You will easily find all available features.

Login and security

Tickmill provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

You can't log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good.

You can search by typing the name of the product or by navigating the category folders.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You cannot set alerts and notifications on the Tickmill mobile platform.

Alerts and notifications are available only on the desktop trading platform. Developing this feature for the mobile trading platform as well would be much appreciated.

Our analysts personally tested Tickmill's mobile trading platform; read the Tickmill mobile app review for a detailed verdict on its performance and features.

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74% of retail CFD accounts lose money

Tickmill offers MetaTrader 4 and MetaTrader 5 as a desktop trading platform. We tested the MetaTrader 4 platform.
It has the same design, is available in the same languages, offers the same order types (plus Trailing Stop), has the same search functions, and offers the same portfolio and fee reports as the web trading platform.
The major difference is that you can set alerts and notifications on the desktop trading platform, in the form of mobile push and email notifications. To set email or mobile notifications, you have to provide your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings). You can add them if you go to 'Tools' and then 'Options.'
Tickmill offers an Advanced Trading Toolkit to complement and enhance some features of the MetaTrader desktop platform.

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74% of retail CFD accounts lose money

Tickmill is a CFD and forex broker. To learn more about CFDs read our CFD trading tips.
Tickmill's currency pair selection is fairly average compared with the rest of the market. Beyond that, you can also trade CFDs on some stocks, stock indices, commodities, government bonds and cryptos. Options and futures are also available. However, you cannot trade ETF CFDs.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

As of January 6, 2021, the UK Financial Conduct Authority (FCA) has banned the sale of crypto derivatives to UK retail customers.

At Tickmill, you can change the amount of leverage, which is great. Changing leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high.

Interest on cash

At Tickmill, you can earn interest on your univested cash if your account balance exceeds $100,000 (or equivalent) and your account shows trading activity within the last 30 days or has at least one open position. 

At the time of our review, Tickmill paid the following interest rates: 

• USD: (USD maximum cash yield - 645); Thresholds: 0 - 50K
• GBP: 2.8%; Thresholds: 0 - 40K
• EUR: 1.3%; Thresholds: 0 - 45K

Interest is calculated daily and paid monthly, on the fifth day of the following month.

We recommend Tickmill for forex traders looking for low fees who are familiar with the MetaTrader 4 platform.

Below, you can find links to all aspects of Tickmill in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Tickmill fees article.

What about the minimum deposit?

Our ultimate guide to the Tickmill minimum deposit is updated regularly.

How to start your Tickmill account?

Look no further than our evaluation of the Tickmill account opening.

How's their trading app?

Here's our expert view after checking the Tickmill trading app.

Is the quality of customer service satisfactory?

All you need to know about Tickmill customer service.

Legit or scam?

Is Tickmill legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Tickmill is really free.

Is this broker good for beginners?

We checked it in Is Tickmill good for beginners.

Should you buy your silver bullets on Tickmill?

Research for silver bugs in the Silver buy on Tickmill guide

I want to trade options, are they available at Tickmill?

We explored the topic in Can you trade options on Tickmill?

What is the minimum account balance at Tickmill?

Check out the current account balance requirements at Tickmill in our What is the minimum account balance at Tickmill article.

Looking for commission and fees data for Tickmill?

We collected them in Tickmill commission and fees.

How do you withdraw money from Tickmill?

We tested it and collected the options and costs in How to withdraw money on Tickmill.