Review of Tickmill

Tickmill is a CFD only broker offering 80+ CFDs across multiple asset classes including forex (major and minor pairs), stock indices, oil, precious metals, and bonds. It is an increasingly popular platform for all manner of traders and investors.
4/5 Star rating
14 min read
Written by: Charlie Hancox
Regulated broker with investor protection in certain jurisdictions for retail accounts
Low spreads and commissions and no deposit or withdrawal fees
Visit site & Sign up

Founded in 2014 and headquartered in London, England, Tickmill’s CFD broker services have captured attention in the investment community. With a slick interface and plenty of features, find out if Tickmill is the CFD broker for you. 

Pros & Cons

Pros:

Regulated broker with investor protection in certain jurisdictions for retail accounts
Low spreads and commissions and no deposit or withdrawal fees
One of the few brokers to offer Bond CFDs

Cons:

Not available in the USA and Canada
Trader protection is not available in all jurisdictions

What can I do with Tickmill?

Tickmill was founded in 2014 and is headquartered in London, England. It is a licensed and regulated broker by multiple regulatory authorities and offers its services across the world.

Tickmill offers only CFDs (Contract For Difference) on various asset classes via several powerful trading platforms across all device types. It offers low commissions and spreads along with decent leverage, besides a rich amount of educational material for investors of all experience levels.

Tickmill markets, assets, and options

What assets and products can you trade on Tickmill.com?

Tickmill allows trading of more than 80 CFDs across various asset classes, including CFDs for forex (major and minor), stock indices, precious metals, and bonds.

Product (CFDs)Offering
Forex 60
Stock Indices 14
Metals2
Bonds4
View all products >

What leverage trading options are there?

Tickmill leverage ranges from zero to a maximum leverage of 1:500, which is fairly standard across forex and CFD brokers. 

Please note that leveraged trading is highly risky and is not recommended for beginners. Readers are recommended to use leverage with caution. 

Product (CFDs)Maximum leverageMargin
Forex1:5000.2%
Stock Indices 1:1001%
Metals1:5000.2%
Bonds1:1001%
View all products >

What are the spreads?

Tickmill offers floating spreads which are variable depending on the account type. A Classic account for example will have no commissions and wider spreads of 1.6 pips on average. 

Professional and VIP accounts have near zero spreads but will charge a commission.

ProductAverage spread rangeFixed or variable?
Forex 1.3 pipsVariable
Stock Indices5 pipsVariable
Metals0.04 pipsVariable
Bonds0.018 pipsVariable
View full spread ranges >

Fees, limits, and payment options on Tickmill

What are the deposit and withdrawal fees, limits, and speeds?

Tickmill does not charge any fees for deposits and withdrawals. However, any third-party payment provider may charge for its services which the trader has to bear. 

Minimum limits are imposed on deposits, but no maximum limits on withdrawals or deposits are mentioned.

Payment methodDepositWithdraw
Debit/Credit Cards
– min/max
– fees
– speed
Yes
100 USD
Free
Instant
Yes
25 USD
Free
1 business day
Skrill
– min/max
– fees
– speed
Yes
$100 
Free
Instant
Yes
$25
Up to 4.99% per transaction
Instant
Bank Transfer
– min/max
– fees
– speed
Yes
$100
Free
2-3 business days
Yes
$25
Free
4-5 business days
Neteller
– min/max
– fees
– speed
Yes
$100
Free
Instant
Yes
$25 
1.45% or min. $0.50 
Instant
SticPay
– min/max
– fees
– speed
Yes
100 USD/EUR/GBP
Free
Instant
Yes
25 USD 
Variable
Instant
FasaPay
– min/max
– fees
– speed
Yes
100 USD or 1,500,000 Rp
Free
Instant
Yes
25 USD
Variable
Instant
UnionPay
– min/max
– fees
– speed
Yes
700 CNY or 100 USD
Free
Instant
Yes
25 USD
Variable
Instant
NganLuong
– min/max
– fees
– speed
Yes
2,000,000 VND
Free
Instant
Yes
25 USD
Variable
Instant
Qiwi
– min/max
– fees
– speed
Yes
100 USD/EUR/RUB
Free
Instant
Yes
25 USD 
Variable
Within 1 working day
WebMoney
– min/max
– fees
– speed
Yes
100 USD/EUR
Free
Instant
Yes
25 USD 
Variable
Within 1 working day
See all payment methods >

How much are Tickmill fees and commissions?

Tickmill makes money through spreads and charges commissions based on account type. For example, a Classic account is charged no commission and all money is made through spreads. 

There is no inactivity fee for inactive accounts.

Fee typeFee amountCommission
ForexVariable1.3 pips
Stock IndicesVariable5 pips
MetalsVariable0.04 pips
BondsVariable0.018 pips
View all fees >

Tickmill trade sizes and limits

Tickmill offers a minimum trade size of 0.01 lot i.e. a micro lot and a maximum of 100 lots. There are no restrictions on the number of trades per day. 

ProductMinimum tradeMaximum trade
Forex 0.01 lot100 lots
Stock Indices 0.01 lot100 lots
Metals0.01 lot100 lots
Bonds0.01 lot100 lots
See all trade sizes and limits >

Tickmill trading platform

What devices can I use Tickmill on?

Tickmill offers the MetaTrader 4, WebTrader, and CQG trading platforms, which make available both desktop as well as web versions along with a MT4 mobile app.

  • Desktop (Windows/Mac)
  • Web browser
  • Tablet
  • iOS Mobile Device
  • Android Mobile Device

Can I use Tickmill in my country?

Tickmill is available in 192 countries and territories, including the United Kingdom, South Africa, Singapore, and India. Traders of the United States and Canada however cannot use Tickmill. Also, due to legal restrictions in one’s country, some or a lot of features & products of Tickmill might not be available in your country.

Select your country from the list below to see if it is available where you are.

Is Tickmill available in my language?

Tickmill is available in 14 languages, including English, Spanish, German, and Portuguese. Select your language from the list below.

How easy is it to use Tickmill?

Tickmill offers a user friendly service and provides answers to basic FAQs one might have. The onboarding process is simple and on par with other brokers with step by step guidance.

It is similarly easy to begin trading on the go with a mobile app or via the desktop or web browser via the well-known MetaTrader 4 trading platform. Tickmill also makes tutorials on the same easily available.

Key features

Tickmill provides innovative technology and trading services, here are some of the broker’s top features:

Autochartist and Copy Trading

Tickmill offers several powerful trading tools, including Autochartist which is a chart engine that searches for patterns and key price levels. It also offers copy trading, which allows you to follow and copy trades directly from successful traders for a small fee. 

$30 Welcome Bonus

Tickmill offers a $30 welcome bonus funded by them. One can begin trading with that account and any profits made can be withdrawn. This is available to all new standard trading accounts opened upon making an initial deposit.

Infographics

Use visual data, charts, and statistics to discover unique financial insights and trading tips. These can center around specific trading events, specific assets, and even markets.

Security and regulation

Is Tickmill safe?

Tickmill keeps client accounts segregated from its own company funds and protects consumer privacy under MiFID II, which is a framework of rules and regulations that apply to the security market in the European Union meant to enhance investor confidence.

Am I and my funds protected?

Yes, Tickmill is a member of Financial Services Compensation Scheme (FSCS) and Investor Compensation Fund (ICS) and hence traders in certain jurisdictions are protected for the maximum amount (up to £85,000) under this scheme. However, funds of non-European traders in other jurisdictions are not covered by FSCS and ICS and are not safeguarded in the same regard.

Is Tickmill regulated?

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

  • Seychelles Financial Services Authority
  • Financial Conduct Authority in the United Kingdom
  • Cyprus Securities and Exchange Commission
  • Labuan Financial Services Authority and Financial Sector Conduct Authority in Asia

Do I have to verify my account with Tickmill?

Yes, traders are required to verify their account information as Tickmill is a licensed and regulated broker and verification is necessary for KYC purposes. The following documents are required: Identity Proof: International Passport or National ID card and Proof of Residence: Any residential address proof like utility bills containing name and address issued within the last six months

Extra information

Educational resources 

Tickmill has a wealth of educational material available on their website in the form of eBooks, video tutorials, infographics, articles, market insights, and even a trading glossary catering to beginners and advanced traders alike. It also conducts live trading seminars on occasion, which is going the extra mile among forex brokers.

Tools and charting

Tickmill offers three different trading platforms which provide access to detailed financial analysis and charting tools, in depth analytics and customizable options allowing for traders across the skill spectrum to manage and execute knowledgeable trades. It also gives you access to expert advisors (EA’s) for mirroring successful trades.

Customer support

Tickmill offers customer support via a live chat and contact form on their website as well as direct telephone numbers for their offices in Seychelles and Malaysia. The broker also offers support through an official email address and they have a FAQ section addressing most common queries.

Our verdict

Tickmill is a broker that is built for traders by traders, offering CFDs across four major asset classes. It is one of the few brokers offering CFDs on bonds allowing one to bet on interest rate movement without dabbling in forex. It offers three robust trading platforms – MetaTrader 4, WebTrader and the lesser known CQG platform, which offer easy to use features that suit almost any trading style.

Tickmill is a well regulated broker in multiple jurisdictions and offers various account types and even an Islamic account variation for each of its account types. It’s trading spreads and commission structure are pretty low as compared with the industry overall.

A downside is that the number of CFDs are restricted to only 80 odd CFDs available as compared to several 100’s or more available at other similar brokers. It doesn’t make available CFDs on stocks or cryptocurrencies which some traders will find limiting. In summary, Tickmill is an average broker offering above-average resources in some areas and below-average options in other areas, depending on your needs this may or may not be ideal for you.

How to open an account with Tickmill

  1. Click on “Create Account” on the homepage and fill out the requested fields
  2. Provide personal information as well as trading expertise questions and follow the steps required to complete the signup process
  3. Verify your account (KYC) by login into the client area
  4. Make a deposit via the various available deposit methods
  5. Download your trading platform or use the WebTrader platform and begin trading!
Who owns Tickmill?
How does Tickmill make money?
Do I have to pay tax on Tickmill profits?
Does Tickmill offer CFD trading?
How do I sell on Tickmill?
How do I delete my Tickmill account?
How can I short on Tickmill?
What if I forget my account password?
Can I transfer from my Tickmill account into my PayPal account?
What if Tickmill closes down while I have open trades?
Can I access my full trading history on Tickmill?
Can I pay in cryptocurrency with Tickmill?
Does Tickmill offer bonuses?

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