Max. Leverage
1:30
for Forex

Minimum Deposit
£100
EUR/USD Spread
0.1 pips
Benchmark

Tickmill is a Forex and CFDs broker that provides services for trading financial instruments such as foreign exchange currencies, commodities, stock indices, oil, precious metals, cryptocurrencies, and bonds.

Tickmill was launched in 2014, they are registered in Seychelles and are also regulated in multiple jurisdictions to provide financial services. Tickmill accepts traders from the UK.

This Tickmill review will explore the trading conditions, trading fees, deposits/withdrawals options and regulations, and customer support offered by the Forex broker.

Tickmill Review Summary
Broker Name Tickmill United Kingdom
Establishment Date 2014
Website www.tickmill.co.uk
Address 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ
Minimum Deposit $100
Maximum Leverage 1:30
Regulation FCA, CySEC, FSCA, FSA Seychelles
Trading Platforms Tickmill MT4 and MT5 for PC, Mac, Web, Android, & iOS
Visit Tickmill

Tickmill Pros

  • Tickmill is authorised in the UK and by other Top-Tier regulators
  • Has a welcome bonus that requires no deposit
  • Do not charge dormant account fees
  • Has office and local support in the UK
  • Low trading fees with tight spreads
  • Low trading fees with tight spreads
  • Has GBP as account currency

Tickmill Cons

  • Customer support is not available for 24 hours on any day
  • Negative balance protection is not guaranteed
  • Slow processing of deposits & withdrawals

Is Tickmill Safe for Traders?

Tickmill, which is the trading name of the Tickmill Group, is considered to be among the safe Forex brokers for traders in the UK. This is because they have been licensed by Tier-1 and Tier-2 financial regulators.

Below is a list of the various regulations of the Tickmill group:

1) Financial Conduct Authority (FCA), United Kingdom: Tickmill is authorised and regulated by the (FCA) as Tickmill UK Ltd and licensed to offer financial services with license number 717270. Tickmill has an office in London through which they serve UK clients.

Traders in the UK are registered under Tickmill UK regulation.

Tickmill UK License with FCA

2) Financial Services Authority (FSA), Seychelles: Tickmill Ltd is registered with the Seychelles Financial Services Authority and licensed to operate as a securities dealer with license number SD008. Tickmill has their headquarters here.

Tickmill UK FSA Seychelles Regulation

3) Cyprus Securities and Exchange Commission (CySEC): Tickmill is also registered as Tickmill Europe Ltd, with license number 278/15, in Cyprus. Tickermill is authorised by the CySEC to provide investment services to European-based clients.

Tickmill License with CySEC

4) Financial Sector Conduct Authority (FSCA) in South Africa: Tickmill is authorised and regulated by the FSCA as Tickmill South Africa (Pty) Ltd. Tickmill is licensed as a financial service provider with FSP number 49464.

Tickmill License in South Africa

Tickmill Leverage

Maximum leverage at Tickmill is 1:500 for Pro clients and 1:30 for retail clients on all accounts.

Tickmill lets you open and maintains positions of all account types with Leverage up to 500 times your own money for Pro Clients and 30 times for Retail Clients

Note that the maximum leverage is lower for some trading instruments.

Tickmill Account Types

Tickmill offers three (3) types of accounts for you to choose from, each account has different features.

Tickmill demo accounts provide new traders with a basic idea of how to use the trading platform. They also offer Islamic account options for Muslim traders.

To help you choose the account that is right for your trading style, we described the features of the different account types on Tickmill below.

Account Types on Tickmill

Pro Account: The Tickmill Pro Account is available on the MT4 & MT5 trading application and is suitable for new traders.

Pro Account lets you trade Forex and CFDs on currency pairs, cryptocurrencies, stock indices, precious metals, oil, and bonds.

Tickmill Pro Accounts operates with floating spreads starting from an initial 0.0 pips. The account also attracts commission charges of £2 per lot trade which makes £4 for a round turn.

This account does not charge commissions when you trade CFDs on Stock Indices, Cryptocurrencies, Oil, and Bonds.

The base currencies for the Pro Account are US dollars (USD), Euros (EUR), and Pounds Sterling (GBP). The Pro Account does not have maximum stop and limit levels and uses market execution for orders.

The minimum deposit on the Tickmill Pro Account is £100 and requires a minimum trade volume of 0.01 lots.

Classic Account: The Tickmill Classic Account is available on the MT4 & MT5 trading application and is designed to fit the needs of both new and experienced traders.

With a Classic Account, you can trade Forex and CFDs on currencies, cryptocurrencies, stock indices, precious metals, oil, and bonds.

Tickmill Classic Accounts offers variable spreads, starting at 1.6 pips. The account charges zero commissions for all trades.

This account has USD, EUR, and GBP as the base currencies. The Classic Account executes orders using market execution.

The Tickmill Classic Account has a £100 minimum deposit requirement and a minimum trade size of 0.01 lots (equivalent to £10).

VIP Account: The Tickmill VIP Account is available on the MT4 & MT5 trading platforms and is designed for high-volume forex traders.

VIP Account allows you to trade Forex and CFDs on currencies, cryptocurrencies, indices, gold and silver, oil, and bonds.

Tickmill VIP Accounts offers floating spreads starting at 0.0 pips, plus commission fees of £1 per lot traded, for a total of £2 per round-turn.

This account features zero commission fees when you trade CFDs on Stock Indices, Cryptocurrencies, Oil and Bonds.

The base currencies for the VIP Account are USD, EUR, and GBP. The VIP Account does not have stop or limit levels. It uses market execution for all orders.

To create a VIP Account must have a minimum balance of £50,000 or units of your account currency. A minimum trade volume of 0.01 lots is required on this account.

Swap-free Islamic Account: Tickmill offers Islamic Account options to traders on all account types. Thus, the accounts feature no riba (usury) in accordance with Islam’s Sharia law.

The main feature of this account type is that you are not charged any fees for holding a position overnight.

On the Tickmill Islamic Account, you can hold a position open for 3 consecutive nights without being charged swap fees. After that, a handling fee will be applied.

You can create any account type (Pro, Classic, or VIP), request that it be converted to an Islamic Account, and your future accounts will be Islamic Accounts.

The conversion will usually be completed within a day of making the request and you will receive an email confirmation for it.

Islamic Account on Tickmill

Tickmill Base Account Currency

The base account currencies on Tickmill are EUR, GBP, and USD. These currencies are available on all account types.

You can choose to have EUR and USD as an account currency, and whenever you deposit GBP, it will be converted to the base currency of your account.

Tickmill Overall Fees

How much fees you pay to trade on Tickmill depends on which type of account you choose. The various Tickmill fees are summarised below:

Trading fees

Spreads: Tickmill uses a variable spreads system, and its spreads start from 0.0 pips on the Pro Account and VIP Account, and from 1.6 pips on the Classic Account.

In the table below you can find the typical spread fees for major currency pairs traded on Tickmill per lot size of 100,000 EUR on a Pro Account.

Instrument/Pair Tickmill Typical Spread
EUR/USD 0.1 pips
GBP/USD 0.3 pips
EUR/GBP 0.4 pips
XAU/USD 0.09 pips

Commission fees: Tickmill offers commission-free trading to Classic Account users but charges Pro Account holders a commission fee of 2 currency units (either EUR, GBP, or USD) per side lot, which makes it 4 units per round turn; VIP Account holders pay a commission fee of 1 currency unit per lot side and 2 units per round turn.

If your account currency is USD, the commission fee for Pro accounts will be $2 per lot side and $4 for a round turn; for VIP accounts, it will be $1 per lot side and $2 for a round turn.

Swap fees: Tickmill charges an overnight/rollover swap fee on all account types if your position remains open overnight. This is a charge for holding a trading position open overnight, either long swap (buy option) or short swap (sell option).

All trading account types can be set up with Swap-Free Trades. This account setting is available for Muslim traders with Islamic Accounts.

A handling fee per lot applies to Islamic accounts after holding a position overnight for more than three days consecutively. The fee depends on the instrument being traded.

Non-trading fees

Deposit and Withdrawal fees: There are no fees charged when you deposit funds into your Tickmill trading account or request withdrawals from it. Although Tickmill only covers deposit fees for bank transfers for deposit amounts above $5,000.

Account Inactivity charges: Tickmill does not charge any dormant account fees, which means that your money will not be affected when you do not log into your account for a prolonged period of time.

However, all inactive trading accounts (as a result of no trading, deposit/withdrawal activity, and/or failure to log in to the trading platform) for at least 60 calendar days and with a balance of equal or less than 50 USD or equivalent in other currency, will be subject to disablement.

How to Open Tickmill Account in UK

To trade Forex & CFDs on Tickmill, you need to open a live trading account. Follow these steps to sign up for an account with Tickmill.

Step 1: Go to the Tickmill website homepage via www.tickmill.co.uk

Tickmill UK Website

Step 2: Click on ‘Create Account’. This is highlighted in the green button at the top right side.

On the form that appears, the United Kingdom will automatically be selected as your country, select ‘Individual’ as client type, then fill in your personal information, check the box to confirm you have read and understood the Tickmill Privacy Policy, and click on the green ‘Submit’ button after the form.

Open Account with Tickmill

Signup Tickmill Account

Step 3: You will receive an email with a link to verify your email address. Click on the ‘Verify email’ button to validate your email and proceed with the registration.

Tickmill Email Verification

Step 4: After validating your email address, you be required to provide further personal information like your residential address, Tax Identification Number, trading experience, source of income, and others. After supplying this information, create a password, check the box for Client Service Agreement, and click on ‘OPEN ACCOUNT’.

Tickmill Account Registration

Register Tickmill Account information

Step 5: Your account is now created and you need to log in with the email used for registering and the password you created, then you will be redirected to your Tickmill Dashboard.

Log in to Tickmill UK

Step 6: On your Tickmill dashboard, on the menu tab by the left, you can see options for deposits, withdrawals, and other account actions.

For your new account, you will be required to upload some identification documents like a National ID card and utility bill to verify your identity and personal address before your account is approved before you can make any deposit, withdrawal or any other trading activity.

Tickmill Client Area

Tickmill Deposits & Withdrawals

The list of payment methods accepted by Tickmill for deposits & withdrawals includes cards (MasterCard & Visa), bank transfers, e-wallets (Skrill, Neteller, and others), as well as wire transfers.

Below is a summary of the deposits and withdrawals on Tickmill:

Tickmill Payment Methods

What is Tickmill’s minimum deposit?

The minimum deposit on Tickmill is £100 for Pro and Classic accounts and £50,000 for VIP accounts, with a choice of base account currencies. This means if your base account currency is EUR, your minimum deposit will be €100 for Pro Account or $100 for USD account currency.

Deposits via bank transfers are credited within 2-7 working days while card deposits and e-wallets deposits are credited instantly.

Note that some payment methods may have different minimum deposit amounts.

What is Tickmill’s minimum withdrawal?

The minimum withdrawal on Tickmill is £25 and it takes about 2-7 working days to receive withdrawn funds via bank transfers, and 8 working days for card withdrawals while e-wallets withdrawals are credited instantly.

You can initiate deposits and withdrawals by logging into your account, and on the Tickmill client area or dashboard, click on deposit or withdrawal on the left side menu.

Note that you can only make a deposit or withdrawal after uploading documents for identity verification and proof of address. It takes about 24 working hours for the documents to be verified and your trading account approved.

Tickmill Account Verification

Tickmill Trading Instruments

You can trade the following financial instruments on Tickmill:

Instrument Availability Number
Forex Yes 62 currency pairs on Tickmill
Stock Indices and Oil Yes 29 indices (including UK100, US30, SWISS 20, SPAIN35 among others.
Metals Yes 3 pairs (Gold and Silver)
Cryptocurrencies Yes 8 pairs of cryptocurrencies and USD (including BTC, ETH, LTC, and others)
Bonds Yes 4 bonds (EURBOBL, EURBUND, EURBUXL, and EURSCHA)

Tickmill Trading Platforms

Tickmill supports both MetaTrader 4, MetaTrader 5, and CQG trading applications, which can be accessed via webtrader, Windows, macOS, Android Google Play Store, and iOS Apple App Store for mobile trading. The CQG platform is for futures and options trading.

Tickmill Execution Policy

Tickmill UK provides trade processing on an execution basis only. This means your trades are automatically processed via Straight Through Processing (STP). In other words, Tickmill is not a market maker. According to their best execution policy document, the prices published on their trading platforms are not firm prices.

What does this mean? It means the prices were not fixed by Tickmill. Rather, they are the best prices from their pool of liquidity providers. In addition, Tickmill has 5 different execution venues where they transact on behalf of their clients. These execution venues are reviewed annually (at least) to make sure their ability to obtain the best prices for you is sustained and consistent.

As a retail trader, you can give an instruction for your trade to be executed on a particular venue. Tickmill will execute the order in accordance with your instructions.

Tickmill’s Education and Research

Fore traders should be able to learn the basics of forex trading from brokers. While this is not strictly necessary, a forex broker with good educational content can help traders learn at basic and intermediate levels.

1) Video Tutorials: Tickmill has video tutorials covering a vast range of topics. The basics of CFD trading, trading psychology, market analysis, trading strategies, and a lot more are covered. There is also video content on social trading, MT4, and technical indicators.

You can get yourself started in forex trading by watching these videos.

2) Forex Glossary: Like any other industry, forex trading has its own jargon. Not knowing the definition of some basic terms. Tickmill’s glossary defines a vast range of financial terms in a simple way. The page is also easy to navigate.

3) Research Terminal: The research terminal is part of Tickmill’s Acuity Trading Tools. You can use it to gauge market sentiment. Also, you are able to access news and data that matter to the CFD or currency pair you want to trade.

Tickmill UK Customer Service

Tickmill supports clients from Monday through Friday via email, live chat, and phone. See our review of their customer service.

Tickmill Customer Service

Live chat support: Traders can reach the customer support of Tickmill via live chat by visiting the Tickmill website and clicking on the live chat option on the contact us page.

The Tickmill live chat is only available from 7:00 hours to 16:00 hours GMT on working days and is available in various languages including English, Arabic, Chinese, and others.

The live chat is responsive and the wait time before a representative attended to our team when we tested it was under 1 minute. The answers to the questions asked were relevant.

You will need to provide your email address and name, then select the language team, in our case English, to start talking with a Tickmill support agent via the live chat.

Tickmill Customer Support

Tickmill UK Online Chat Support

Email support: The email support of Tickmill is fair, our team got feedback after 5 hours, and there was no autogenerated message to acknowledge the receipt of our enquiry. The answer to our enquiry was relevant.

The active customer support email of Tickmill is [email protected] and it is available 24 hours on business days, although some brokers respond faster. Tickmill clients’ support email in the UK is [email protected]

Physical office: Tickmill has a physical office in the UK on the 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ. Tickmill also has offices in all the countries where it is regulated, the Tickmill headquarters is located at 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles.

Phone support: Tickmill’s phone number for international customer support is +852 5808 292. The number is available during working hours from Monday to Friday. Tickmill local phone number for support in the UK is +44 203 608 6100.

Do we Recommend Tickmill UK?

Based on regulation and safety of funds, Tickmill scores high on trust and is considered low risk because they are regulated by Tier-1 and Tier-2 regulators.

Although Tickmill trading fees for currency pairs and other instruments are low compared to some brokers’ fees, the spreads are tight and they offer commission-free trading on the Classic Account, the tradeable instruments on Tickmill are few compared to other brokers. Tickmill supports deposit/withdrawal via bank transfers in the UK.

The customer support of Tickmill is not very good, although their live chat is responsive, it is not available for 24 hours on any day, unlike most brokers. Their email response is also not so fast and their deposit and withdrawal processing takes long for most payment methods.

The registration process on Tickmill is simple and their website interface is easy to navigate.

Tickmill UK FAQs

Is Tickmill a good broker?

Tickmill is considered a good broker for trading financial instruments because of its regulations in many jurisdictions with top financial regulators.

Tickmill trading conditions fees and support are fair so they are considered good for both new and experienced traders.

Is Tickmill regulated in UK?

Tickmill is regulated in the UK as ‘Tickmill UK Ltd.’ by the FCA. Traders from the United Kingdom are registered under this regulation. Tickmill group is also regulated in Seychelles, Cyprus, South Africa, and Labuan.

How long does it take to withdraw from Tickmill?

Withdrawals are not instant like deposits. It can range between 1-5 busines days. With Tickmill, withdrawal taks up to 1 business day.

Does Tickmill have NASDAQ?

Tickmill offers NASDAQ. The instrument name is USTEC 1.93 pips typical spread. They also charge a rollover charge of 1.318 for long positions on it. If you are selling, you pay 0.763 as rollover charge.

Which Tickmill account is best?

The best Tickmill account for trading would depend on your preferences. If you prefer to trade without commission fees, then Tickmilll Classic Account will be the best for you as it is a spread only CFD trading account.

If you prefer to trade with lower spreads and commission fees, then the Tickmill Pro Account will be the best for you.

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