Tickmill Review
Tickmill publishes no country-to-entity mapping anywhere, so the advice to check which entity onboards you cannot be followed: tickmill.com serves the Seychelles FSA SD008 agreement. Raw costs $6 round turn on MT4/MT5, $7 on TradingView Raw, from $100, plus 10 per quarter if you stop trading.
4 Entities: FCA · CySEC · FSCA · Seychelles
Raw Spreads from 0.0 pips
$100 Minimum Deposit
MT4 · MT5 · TradingView · Tickmill Trader
Tickmill at a Glance: Key Facts and Figures
Who Is Tickmill and Who Owns It?
Is Tickmill Regulated? Licences, Entities and Numbers
Tickmill does not publish a country-to-entity map. Four separate Tickmill pages were checked on 16 Sep 2026 — the licences page, the regulation FAQ, the account-registration FAQ and the registration-requirements FAQ — and none of them says which entity onboards which country. The global site tickmill.com serves the Seychelles Client Service Agreement, so that is the entity most non-UK, non-EU readers should expect.
| Regulator | Legal entity | Licence number | Max leverage | Client protection |
|---|---|---|---|---|
| FCA (UK) | Tickmill UK Ltd | FRN 717270 | Not published | FSCS. The binding FCA Terms of Business says 100% of the first £85,000 per eligible claim. Negative balance protection for retail clients only. |
| CySEC (Cyprus) | Tickmill Europe Ltd | CIF 278/15 | 1:30 retail on major FX | ICF: 90% of the eligible claim, capped at €20,000. Negative balance protection: yes. |
| FSCA (South Africa) | Tickmill South Africa (Pty) Ltd | FSP 49464 | Not published | No compensation scheme published. Negative balance protection: not published. |
| FSA (Seychelles) | Tickmill Ltd | Securities Dealer SD008 | 1:500 default | No compensation scheme published. No negative balance protection clause appears in its Client Service Agreement. |
| DFSA (Dubai) | Tickmill UK Ltd representative office | Ref. F007663 | n/a | None — a representative office cannot hold client money. |
Tickmill Reputation: Independent Ratings and Trustpilot
What Can You Trade with Tickmill?
Which Tickmill Entity Will You Be Onboarded With?
Tickmill does not tell you. Four Tickmill pages were checked on 16 Sep 2026 — the licences and regulation page, the regulation FAQ, the account-registration FAQ topic and the registration-requirements FAQ — and none of them maps a country to an entity, explains how a client is assigned to one, or says whether you may choose. With four regulated entities and three different levels of client protection behind them, that is not a detail you can leave to chance.
The one signal Tickmill does give is indirect. The global site tickmill.com serves the Seychelles Client Service Agreement, and its account pages advertise leverage up to 1:1000 — a figure no FCA, CySEC or FSCA entity could offer. A reader who lands on tickmill.com and sees 1:1000 is being shown Tickmill Ltd, Seychelles FSA Securities Dealer licence SD008: the entity with no published compensation scheme and no negative balance protection clause in its agreement.
How We Rated Tickmill
Our rating: 4.1 / 5
We rated Tickmill against what Tickmill itself publishes: its licences and regulation page, the binding client agreements and terms of business filed under each entity, its account and trading-condition pages, its deposit and withdrawal conditions, and its FAQ topics. Every figure on this page was read on 16 September 2026. Unless a line is labelled as third-party, the numbers come from Tickmill’s own pages and legal documents; Trustpilot and broker-comparison sources are labelled where they are used. Where Tickmill publishes two figures that disagree, we print both and rely on the more conservative one, and where it publishes nothing we say so rather than estimate. The scoring itself follows our published rating methodology.
Tickmill Account Types and Spreads Compared
Classic Account
Raw Account
TradingView Raw Account
Execution Speed and Order Fills
Best Tickmill Alternatives
IC Markets
Pepperstone
Eightcap
Other raw-spread brokers we have reviewed include FP Markets, FXTrading.com, Global Prime and BlackBull Markets.
FP Markets
Tickmill Trading Platforms
MetaTrader 4 and MetaTrader 5
TradingView Integration
Tickmill Trader App
Research and Trading Tools
Tickmill Fees and Commissions: What You Actually Pay
Spreads and Commissions by Account
| Cost | Classic | Raw and TradingView Raw | What it means for you |
|---|---|---|---|
| Headline spread | from 1.6 pips | from 0.0 pips | Both are minimums. Tickmill publishes no typical or average spread for any pair. |
| Commission | None | Raw on MT4/MT5: $3 per side, $6 round turn. TradingView Raw: $3.50 per side, $7 round turn. | Commission applies to CFDs on FX and precious metals only. |
| Swap / overnight | Charged at 00:00 platform time, triple on Wednesday nights. Crypto longs carry a 10% annual swap charge, with a 5-day swap-free window on MT4/MT5. | Per-instrument swap rates are rendered live and carry no capture date. | |
| Swap-free (Islamic) | Available on Classic and Raw — but not free. Handling fees start on the fourth night on most FX pairs, and from day 41 on instruments such as XAUUSD and EURJPY. | A swap-free account that charges from night four is not swap-free for swing traders. | |
| Deposit fee | None from Tickmill | Intermediary banks or wallet providers may still charge. | |
| Withdrawal fee | None from Tickmill · minimum withdrawal $25 / €25 / £25 | Small balances are expensive to withdraw in instalments. | |
| Inactivity fee | Yes. Seychelles and CySEC entities: 10 USD/EUR/GBP/CHF or 40 PLN per quarter. FCA entity: £10 per quarter once an account has been inactive for a year. | Disclosed only inside the legal PDFs — it is on no Tickmill fees page or FAQ. | |
| Maximum leverage | 1:500 default on the Seychelles entity · 1:30 retail on CySEC · not published for FCA or FSCA | Depends entirely on which entity onboards you — see the licence table above. | |
Tickmill Leverage Limits by Entity
Tickmill Withdrawal Times, Methods and Fees
| Method | Deposit time | Time to receive a withdrawal | Fee | Minimum deposit | Minimum withdrawal |
|---|---|---|---|---|---|
| Bank transfer | Within 1 working day | 2 to 7 working days | None | $100 | $25 |
| Visa / Mastercard | Instant | Up to 8 working days | None | $100 | $25 |
| Skrill | Instant | Usually within 1 working day | None | $100 | $25 |
| Neteller | Instant | Usually within 1 working day | None | $100 | $25 |
| UnionPay | Instant | Usually within 1 working day | None | 700 CNY or 100 USD/EUR/GBP | $25 |
| Crypto | Instant, 24/7 | Usually within 1 working day | None | $100 | $25 |
Tickmill Deposits: Methods, Times and Fees
Tickmill states a starting deposit of $100 for every account type — Classic, Raw and TradingView Raw — and adds that the amount may vary with your base currency. It charges no deposit fee on any method, but says intermediary banks or e-wallet providers may charge their own. All figures read 16 Sep 2026.
| Method | Deposit time | Minimum deposit | Deposit fee | Currencies |
|---|---|---|---|---|
| Bank transfer | Within 1 working day | $100 | None | USD, EUR, GBP, ZAR |
| Visa / Mastercard | Instant | $100 | None | USD, EUR, GBP |
| Skrill | Instant | $100 | None | USD, EUR, GBP |
| Neteller | Instant | $100 | None | USD, EUR, GBP |
| UnionPay | Instant | 700 CNY or 100 USD/EUR/GBP | None | CNY |
| Crypto | Instant, 24/7 | $100 | None | EUR, USD, GBP |
Restricted Countries: Who Tickmill Will Not Accept
Is Tickmill Available in India, Singapore, the US, Iran or Japan?
Video Reviews from Independent Traders
What to Check Before You Deposit
Tickmill Pros and Cons
Classic vs Raw vs TradingView Raw: Tickmill Accounts Side by Side
All three live accounts open from a $100 minimum. What changes is where the cost sits and which platform you can trade on. Figures read on tickmill.com, 16 Sep 2026.
| Account | Headline spread | Commission | Round turn | Min deposit | Platforms | Base currencies | Swap-free | |
|---|---|---|---|---|---|---|---|---|
| Classic | from 1.6 pips | None | $0 | $100 | MT4, MT5, TradingView, Tickmill Trader | USD, EUR, GBP, ZAR | Yes, handling fees apply | Open Account |
| Raw | from 0.0 pips | $3 per side | $6 | $100 | MT4 and MT5 only | USD, EUR, GBP, ZAR | Yes, handling fees apply | Open Account |
| TradingView Raw | from 0.0 pips | $3.50 per side | $7 | $100 | TradingView, Tickmill Trader | USD only | Not published | Open Account |
Headline spreads are minimums. Tickmill publishes no typical or average spread for any pair and attaches no capture date to its live spread table, so the honest comparison is on commission: $6 round turn on Raw via MT4 or MT5 against $7 on TradingView Raw. The $100 minimum can vary by base currency — Tickmill says so but does not publish the non-USD figures. ZAR accounts are for South African residents only.
Tickmill vs IC Markets vs Pepperstone
How does Tickmill compare with two other ECN brokers? See also our head-to-head IC Markets vs Tickmill comparison.
| Feature | Tickmill | IC Markets | Pepperstone |
|---|---|---|---|
| Raw EURUSD spread | from 0.0 pips (minimum, no typical published) | from 0.0 pips, 0.1 average published | Not verified in this update |
| Commission, round turn | $6 on Raw via MT4/MT5, $7 on TradingView Raw | $7 on Raw Spread ($3.50 per side) | Not verified in this update |
| Min deposit | $100 | Not verified in this update | Not verified in this update |
| Regulation | FCA 717270 · CySEC 278/15 · FSCA 49464 · Seychelles FSA SD008 | Not verified in this update | Not verified in this update |
| Execution | 0.15 seconds average on Tickmill figures, no period published | Not verified in this update | Not verified in this update |
| Trustpilot rating | None shown — rating unavailable, guideline breach | Not verified in this update | Not verified in this update |
| Inactivity fee | 10 USD/EUR/GBP per quarter (£10 on the FCA entity) | Not verified in this update | Not verified in this update |
Verdict: on the one figure we can compare from both brokers’ own pages today, Tickmill Raw on MT4 or MT5 is a dollar a lot cheaper round turn than IC Markets Raw Spread. That is a real edge for high-volume traders and it is also the kind of number that changes without notice. Cells marked not verified were not re-checked against those brokers’ own pages in this update, and we would rather show a gap than a stale number on a page about where your money goes.
Our Verdict: Who Should Use Tickmill?
Tickmill is genuinely cheap to trade if you use the Raw account on MT4 or MT5 — and a broker whose paperwork you should read before you fund it. Raw costs $3 per lot per side, or $6 round turn, from a $100 minimum, with spreads quoted from 0.0 pips. The same raw pricing through TradingView costs $3.50 per side, or $7 round turn.
What stands out: commission that undercuts IC Markets Raw Spread by a dollar a lot as at 16 Sep 2026, a $100 minimum on every account, no deposit or withdrawal fees, scalping and expert advisors allowed, and MT4, MT5, TradingView and Tickmill Trader all supported.
What to weigh: Tickmill runs four separately regulated entities — Tickmill UK Ltd (FCA 717270), Tickmill Europe Ltd (CySEC 278/15), Tickmill South Africa (FSP 49464) and Tickmill Ltd (Seychelles FSA SD008) — and publishes nothing anywhere that tells you which one will hold your money. Only the FCA and CySEC entities publish a compensation scheme. There is a quarterly inactivity fee of 10 USD, EUR or GBP (£10 on the FCA entity) that appears in no fees page or FAQ, only in the legal PDFs. Card withdrawals can take up to eight working days to arrive. Trustpilot currently shows no rating at all for Tickmill, citing a breach of its guidelines and the removal of fake reviews.
Bottom line: for cost-focused forex traders, scalpers and algo traders who will trade regularly, Tickmill Raw on MT4 or MT5 is one of the cheapest ways to get raw pricing. Before you deposit, confirm in writing which legal entity your account is opened with, check the leverage and compensation that entity actually offers, and test a small withdrawal early. If you are in Singapore, the United States, Iran, India or Japan, Tickmill says its services are not directed at you.
Tickmill FAQs
Key questions about Tickmill: which entity onboards you, what Raw and TradingView Raw really cost, the quarterly inactivity fee, withdrawal times, and why Trustpilot shows no rating.