Tickmill Review 2026

Tickmill is a low-cost, no-frills broker with real regulation behind it. The UK arm answers to the Financial Conduct Authority, the EU arm to CySEC, and the South African arm to the FSCA, so the group sits in the stricter half of the brokers we cover. Most traders outside those regions are onboarded by Tickmill Ltd in Seychelles, which is where the 1:1000 leverage and the $30 Welcome Account live.

Costs are the main reason people pick it. On the Raw account you pay the market spread plus $3 per lot per side, so a round trip on one lot of EUR/USD costs $6 in commission on top of a spread that often sits near zero. That is in line with the cheapest raw-pricing brokers we have reviewed, and it comes without the gimmicks some high-leverage brands use to attract deposits.

The trade-offs are just as clear. There is no deposit bonus on the Seychelles entity beyond the small Welcome Account, the product list is narrower than at brokers offering thousands of share CFDs, and support is a mix of a 24/7 chatbot and human agents who work 24/5. Indian readers should also note that the Reserve Bank of India lists Tickmill on its alert list of unauthorised forex platforms.

Best for: scalpers, EA users and day traders who want raw spreads, a $100 entry point and a regulated group.
Not ideal for: bonus hunters, traders in India, and anyone who wants a large catalogue of real shares.

Here is how Tickmill stacks up once the marketing is stripped away.

Tickmill is not one company but a group of licensed firms, and which one holds your account decides how much protection you get. The table lists every entity on Tickmill's own licences page, with the number you can check in each regulator's public register.

Entity	Regulator	Licence	Who it serves
Tickmill UK Ltd	Financial Conduct Authority (UK)	FRN 717270	UK clients
Tickmill Europe Ltd	Cyprus Securities and Exchange Commission	278/15	EU clients
Tickmill South Africa (Pty) Ltd	Financial Sector Conduct Authority	FSP 49464	South African clients
Tickmill Ltd	Financial Services Authority (Seychelles)	SD008	Most international clients
Tickmill UK Ltd (representative office)	Dubai Financial Services Authority	F007663	Representative office in the DIFC

UK clients are covered by the Financial Services Compensation Scheme up to £120,000 per person if the firm fails. EU clients fall under the Investor Compensation Fund, which pays 90% of an eligible claim up to €20,000. Those schemes do not reach clients of the Seychelles company, which is why the entity matters more than the brand name on the website.

Every Tickmill account keeps client money in segregated accounts with tier-1 banks, apart from the company's own funds. Tickmill also says client funds are insured through Lloyd's of London, with cover from $20,000 to $1,000,000 per client if the firm becomes insolvent, and it applies negative balance protection, so a sharp gap cannot leave you owing money.

The RBI alert list

India's central bank keeps a public alert list of firms that are not authorised to deal in forex or run forex trading platforms for Indian residents. The version updated on 19 November 2025 names Tickmill (tickmill.com) at entry 38. That listing is about Indian law, not about whether Tickmill pays withdrawals, but it means Indian residents trading through it fall outside what the RBI allows. Our guide on whether forex is legal in India explains the rules in plain terms.

Our view: Tickmill's UK and EU arms are among the better-regulated retail brokers we track. If you are signed up with Tickmill Ltd in Seychelles, the licence is lighter, so keep balances modest and withdraw profits regularly. You can compare regulator tiers on our forex regulators page.

Tickmill keeps the line-up short. Every account uses the same execution and allows the same strategies; the only real difference is how you pay for trades.

Feature	Classic	Raw	TradingView Raw
Minimum deposit	$100	$100	$100
Spreads from	1.6 pips	0.0 pips	0.0 pips
Commission	None	$3 per lot per side	$3.5 per lot per side
Max leverage (Seychelles)	1:1000	1:1000	1:1000
Base currencies	USD, EUR, GBP, ZAR	USD, EUR, GBP, ZAR	USD
Platforms	MT4, MT5	MT4, MT5	TradingView, Tickmill Trader
Expert advisors	Yes	Yes	No
Minimum trade	0.01 lots	0.01 lots	0.01 lots

A swap-free Islamic option is available on every account type for eligible clients. Futures accounts, offered through Tickmill UK Ltd, need a $1,000 minimum deposit and sit outside the CFD accounts above. A free demo account mirrors live conditions so you can test a strategy before funding.

For most active traders the Raw account is the cheaper option. One lot of EUR/USD on Classic costs at least 1.6 pips, or $16, because the commission sits inside the spread. On Raw the same trade costs the live spread plus $6 round turn, so even with a 0.2-pip spread you pay about $8. The gap widens the more you trade.

Classic suits two kinds of trader: beginners who want to see one all-in number on the chart, and people who trade a handful of times a month and value simplicity over a few dollars. TradingView Raw makes sense only if TradingView is your main charting tool, because its commission is $0.50 higher per side and it does not run expert advisors.

Your style	Best account	Why
Scalping or high volume	Raw	Lowest cost per lot; EAs and scalping allowed
Swing trading a few times a month	Classic or Raw	Cost difference is small at low volume
Charting on TradingView	TradingView Raw	Trade straight from TradingView charts
Automated trading on MT4/MT5	Raw	Full EA support, VPS discount
Islamic finance rules	Any, with swap-free option	Swap-free available on all types

Tickmill's pricing is easy to follow. Classic has no commission and spreads from 1.6 pips. Raw and TradingView Raw start at 0.0 pips and add a fixed commission per lot per side: $3 on Raw and $3.5 on TradingView Raw.

Here is what one standard lot of EUR/USD costs on each account, assuming a 0.1-pip raw spread at a quiet moment. Spreads move with the market, so treat these as examples rather than quotes.

Account	Spread cost	Commission (round turn)	Total for 1 lot
Classic	1.6 pips = $16	$0	About $16
Raw	0.1 pips = $1	$6	About $7
TradingView Raw	0.1 pips = $1	$7	About $8

Index CFDs, crypto and oil on the Tickmill Trader platform carry no commission, according to Tickmill. Overnight positions pay or earn a swap, except on swap-free accounts and the first five days of crypto positions on MT4 and MT5. Use our pip calculator to turn a spread into dollars before you trade.

Tickmill does not charge for deposits or withdrawals. Banks, card schemes and e-wallets can still take their own cut, and Tickmill points out that intermediary bank charges are outside its control.

For large bank deposits there is a Zero Fees Policy: on a single wire of $5,000 or more, Tickmill refunds the bank's transfer fee up to $100 if you email proof within a month. Payments are processed in EUR, GBP, ZAR and USD, so funding from another currency means a conversion by your bank.

The one fee to watch is inactivity. Tickmill reserves the right to charge an inactivity fee under its Terms and Conditions when an account goes without trading, so check the current terms and close or empty accounts you no longer use.

Maximum leverage depends on the entity. Clients of Tickmill Ltd in Seychelles can choose up to 1:1000 on forex and gold. FCA and CySEC clients are capped by law at 1:30 on major currency pairs, and lower on other products.

On MT5 and Tickmill Trader, leverage is dynamic: it falls as your position grows. Tickmill publishes the tiers below for forex and gold.

Forex lots	Gold lots	Margin	Max leverage
0 to 2	0 to 1	0.1%	1:1000
2.01 to 200	1.01 to 50	0.2%	1:500
200.01 to 400	50.1 to 100	1.0%	1:100
400.01+	100.01+	10%	1:10

Other products have their own ceilings: up to 1:200 on crypto, 1:100 on stock indices and 1:20 on stocks and ETFs. High leverage only changes how much margin a trade ties up. It does not make a losing trade smaller, so size positions from your stop loss, not from the leverage on offer. Our margin calculator shows the numbers for any lot size.

Tickmill offers more than 600 CFDs. That is enough for most forex and gold traders, though well short of brokers that list thousands of shares.

Market	What you get	Max leverage (Seychelles)
Forex	60+ currency pairs	1:1000
Commodities	Gold, oil, cocoa, natural gas and more	1:1000 (gold)
Stock indices	Nasdaq, S&P 500, Dow Jones, DAX and others	1:100
Cryptocurrencies	Bitcoin, Ethereum and others, traded 24/7	1:200
Stocks and ETFs	US and global names such as Apple, Tesla, Nvidia	1:20
Bonds	Government bond CFDs	Varies

Futures and options are available, but only through Tickmill UK Ltd, so most international clients will not see them.

You can trade on four platforms. MT4 and MT5 run the Classic and Raw accounts; TradingView and Tickmill's own Tickmill Trader run the TradingView Raw account.

• MetaTrader 4: the classic choice for EAs, with leverage up to 1:500 on Tickmill's MT4.
• MT5: more timeframes, stocks and ETFs, dynamic leverage up to 1:1000.
• TradingView: trade from TradingView charts with Tickmill pricing.
• Tickmill Trader: the in-house app and WebTrader, with 80+ indicators on the web version, market depth and a trade journal.

Tickmill adds a free Advanced Trading Toolkit for MT4 and MT5, with Sentiment Trader, Figaro market data, an alarm manager and a trade terminal. Acuity's news-sentiment tool and Signal Centre, which sends trade ideas with preset stop and target levels, are also free in the Client Area. Clients get a 20% discount on BeeksFX VPS hosting for running EAs around the clock.

Free TradingView subscription

Trade enough on a Tickmill TradingView account and the paid TradingView plan is on Tickmill: 3 lots a month unlocks Essential, 5 lots unlocks Plus and 12 lots unlocks Premium. The offer covers FX, metals, BTC, US30, DE40 and USTEC volume and is open only to traders without an active paid TradingView plan.

The Tickmill Trader app for iOS and Android covers 100+ CFDs with 60+ indicators, custom watchlists and biometric login. It runs the same TradingView Raw account as the web platform, so you can switch between phone and desktop without a second login.

If you trade on MT4 or MT5, the standard MetaTrader apps connect to your Classic or Raw account instead.

Tickmill Social Trading lets you copy other clients or publish your own strategy. Followers browse strategy providers, check their trading history and rating, and copy them automatically. Providers set their own performance fee and are paid by followers who profit.

Copying someone else does not remove the risk, it only hands the decisions to them. Start with a small allocation, read the provider's drawdown, not just the return, and stop copying if the style changes.

Funding happens through the Tickmill wallet in the Client Area. Methods depend on your country, but the main ones are below.

Method	Min. deposit	Deposit time	Withdrawal processing
Bank wire	100	Within 1 working day (2 to 7 days to arrive)	Within 1 working day (2 to 7 days to arrive)
Visa / Mastercard	100	Instant	Within 1 working day
Skrill / Neteller	100	Instant	Within 1 working day (about 12 to 48 hours)
Crypto	Varies	Instant	Within 1 working day
UnionPay / local methods	Varies by country	Varies	Varies

The minimum withdrawal is 25 in your wallet currency and Tickmill charges no withdrawal fee. Money goes out in the base currency of your wallet, so a USD wallet pays out in USD. You need a verified account, and withdrawals normally return to the method you used to deposit.

Faiza, 31, a part-time trader in Karachi, is our illustrative example. She deposits $300 by card, trades the Raw account for a month and asks for $180 back. Tickmill processes it within one working day; how fast it reaches her card then depends on her bank. Sending profits back to the card first, and any surplus by bank wire later, avoids most delays.

Tickmill keeps promotions modest, and most run only through Tickmill Ltd in Seychelles.

• $30 Welcome Account: new clients from non-restricted countries get a $30 account with Raw conditions for 60 days. Profit of $30 to $100 can be moved to your wallet after you verify, deposit $100 and email support. The $30 itself cannot be withdrawn, EAs are not allowed, and EU residents cannot apply.
• Free TradingView plan: Essential, Plus or Premium for 3, 5 or 12 lots a month.
• NFP Machine: guess the EUR/USD price after US payrolls for a prize of up to $500.
• Contests: Tickmill's Trading Cup 2026 ran from 11 June to 7 August 2026 with a $30,000 prize pool shared by 48 winners.

There is no percentage deposit bonus. That is not a weakness: deposit bonuses usually come with volume targets that make the money hard to withdraw. Our deposit bonus guide explains what to check before accepting one.

Tickmill's education section covers webinars, seminars, video tutorials, ebooks and a forex glossary, plus its own show for traders. Daily market outlooks and price-target notes appear on the Tickmill blog.

The research is solid for an execution-focused broker, but it is not a structured course. Pair it with a demo account and a written trading plan if you are new; our forex learning hub covers the basics step by step.

Tickmill's human support team works 24/5. Outside those hours, a chatbot called Millie answers questions 24/7. Phone support runs Monday to Friday, 07:00 to 16:00 GMT, and email replies arrive within 24 hours on business days.

The chatbot handles common questions about deposits and account setup well; anything about a stuck withdrawal or a disputed trade needs a human, so email support with your account number and transaction details.

Tickmill says it fills 99.9% of orders and runs every account on the same execution, so moving from Classic to Raw changes your costs, not your fills. Scalping, hedging and automated strategies are allowed on all accounts, which is not true at every low-cost broker.

Margin works on a simple formula that Tickmill publishes: lot size times contract size times price, divided by leverage. One lot of gold at $2,355 on 1:1000 needs about $236 of margin. Under dynamic leverage, a second lot moves into the 1:500 tier and needs about $471 more, so margin rises faster than position size once you go past the first tier.

Leverage ratios can also be cut around volatile market conditions, so a strategy that relies on maximum leverage at news time is fragile by design. Keep spare margin in the account and set stops on every position.

Here is a worked example for a trader who places 40 trades a month at 0.5 lots each on EUR/USD, a fairly typical pace for a part-time day trader. That is 20 lots in total.

Cost item	Classic	Raw
Spread (example)	1.6 pips x $10 x 20 lots = $320	0.1 pips x $10 x 20 lots = $20
Commission	$0	$6 x 20 lots = $120
Monthly total	About $320	About $140

On these assumptions Raw saves around $180 a month, which is more than many small accounts make. Classic only wins for very occasional traders who would rather not track commissions. If you trade on TradingView, add $1 per round-turn lot for the higher $3.5 commission.

Tickmill is fine for beginners, though it is not built around them. The $100 minimum, the free demo account and the Welcome Account give new traders a low-risk way in, and the education library covers the basics.

What it lacks is hand-holding: there is no simplified beginner account, no cent account and no large library of structured courses. A new trader should start on a demo, move to a small Raw or Classic account with leverage well below the maximum, and risk no more than 1% of the balance on any trade. Our learning hub is a good companion while you practise.

• Withdrawal arrives in a different currency: payouts follow your wallet's base currency, so open a USD wallet if you are paid in dollars.
• Welcome Account profit not released: you must verify, deposit $100 into the wallet and email support to request the transfer, within the account's 60 days plus 14.
• EA will not run: TradingView Raw does not support expert advisors; use MT4 or MT5 instead.
• Idle account charged: Tickmill may apply an inactivity fee, so close accounts you no longer use.
• Bank wire fees: small wires can lose money to bank charges, while a single wire of $5,000 or more qualifies for Tickmill's fee refund of up to $100.

How Tickmill compares with three brokers our readers ask about most. Figures for the others come from our own reviews.

	Tickmill	XM	Exness	IC Markets
Minimum deposit	$100	$5	$10	$200
Max leverage	1:1000*	1:1000	Unlimited*	1:500*
Top-tier licences	FCA, CySEC	ASIC, CySEC, DFSA	FCA, CySEC	ASIC, CySEC
TradingView	Yes	No	Yes	Yes

*Offshore entity only. Pick Tickmill over XM if you want raw pricing and FCA oversight in the group and can start with $100. XM is easier for very small first deposits. See full head-to-heads on our broker comparison page.

Tickmill does the basics well. The Raw account is cheap, the $100 entry point is reasonable, scalping and EAs are welcome, and withdrawals carry no broker fee. Its FCA and CySEC licences are a real point in its favour, even if most international clients sit with the lighter Seychelles entity.

It is less suited to bonus seekers and to anyone who wants thousands of share CFDs, and Indian residents should take the RBI alert list seriously. For a forex or gold trader elsewhere who values low costs over extras, Tickmill is one of the better choices we have reviewed.

Is Tickmill safe and legit?

Tickmill is a licensed group: Tickmill UK Ltd is regulated by the FCA (717270), Tickmill Europe Ltd by CySEC (278/15), Tickmill South Africa by the FSCA (FSP 49464) and Tickmill Ltd by the FSA Seychelles (SD008). Client money is segregated and negative balance protection applies. Safety depends on which entity holds your account.

What is the Tickmill minimum deposit?

$100 on the Classic, Raw and TradingView Raw accounts. Futures accounts with Tickmill UK need $1,000. The amount can vary slightly with your base currency.

Is Tickmill legal in India?

The Reserve Bank of India names Tickmill on its alert list of entities not authorised to deal in forex for Indian residents (updated 19 November 2025). Indian residents may only trade forex through authorised persons on recognised Indian exchanges.

How does the Tickmill $30 bonus work?

The $30 Welcome Account is for new clients of Tickmill Ltd from non-restricted countries. You trade it for 60 days with Raw conditions. Profit between $30 and $100 can move to your wallet after you verify, deposit $100 and request the transfer. The $30 itself cannot be withdrawn.

What leverage does Tickmill offer?

Up to 1:1000 on forex and gold for clients of the Seychelles entity, falling as positions grow under dynamic leverage. FCA and CySEC clients are limited to 1:30 on major pairs.

How long do Tickmill withdrawals take?

Tickmill processes withdrawals within one working day. E-wallets usually arrive in about 12 to 48 hours, while bank wires can take 2 to 7 working days to land. Tickmill charges no withdrawal fee.

Does Tickmill allow scalping and EAs?

Yes. Scalping, hedging and expert advisors are allowed on Classic and Raw accounts on MT4 and MT5. The TradingView Raw account does not run EAs.

Does Tickmill have an Islamic account?

Yes. A swap-free Islamic option is available on all account types for eligible clients.

Which country is Tickmill from?

Tickmill was founded in 2014. Its UK company is based in London, its EU company in Limassol, Cyprus, and its main international company in Seychelles.

Is Tickmill good for beginners?

Yes, with a demo first. The $100 minimum and the Welcome Account make it easy to start, but there is no cent account or simplified beginner account, so keep leverage low and risk small.

What are Tickmill's trading hours?

Forex and gold trade 24/5, crypto CFDs trade 24/7, and stocks and indices follow their exchange sessions.

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