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Tickmill review – Should you sign up or not? – Broker test

  • Regulated by the FCA, CySEC, FSCA & FSA
  • Fast account opening
  • Low fees & raw spreads
  • Free deposit & withdrawal
  • Demo account available
  • MetaTrader 4 & MetaTrader 5

Trading costs considerations are crucial when planning to seek opportunities in the financial markets or switch brokers. Traders have a large pool of reputable brokerages to choose from. That is why it is necessary to compare services before signing up. There are numerous low-cost brokers, but only very few have proper licenses and offer standard quality service. 

We tested several low-cost platforms to compare trading conditions and general brokerage services. In this review, we share our findings on Tickmill, one of the affordable regulated online brokers. If you are looking for a lower-fee broker to deal with, read on to find out if this broker is right for you.

The official website of the broker Tickmill
The official website of Tickmill
→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

What is Tickmill? – Quick facts about the company

Tickmill is an online international forex and CFD broker headquartered in London. The company was established in 2014 in Seychelles and now has several offices globally. These include a head office in the United Kingdom and branch offices in Cyprus, Seychelles, South Africa, and Malaysia.

Tickmill is registered with several top-rate financial bodies and is among the most trusted brokers. Tickmill markets offer access to trade and invest in various financial assets, such as CFDs, forex, indices, cryptocurrencies, metals, and bonds.

Over 75000 active customers use Tickmill brokerage accounts. The broker also has 9000+ affiliate partners globally and boasts over $13 million in annual payouts for its IB (Introducing Broker). The company has received several international honors and awards, including the global award for the Best Forex Spreads broker 2022 and the Best Customer Service 2021.

Tickmill's awards
Tickmill’s awards

Facts about Tickmill:

  • Headquartered in London
  • Founded in 2014
  • Award-winning customer service and platforms
  • Regulated in Europe, the UK, Africa, and Asia
  • Up to $13 million+ yearly payout for IBS
  • Annual revenue of $70 million+
→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Regulations: – Is Tickmill regulated? Where? How does regulation work? How is it enforced?

Tickmill’s headquarter in the United Kingdom is registered with the country’s top financial authority, FCA. Its other subsidiary, Tickmill Europe Ltd, operates with a license from the Cyprus Securities and Exchange Commission CySEC.

The official logo of the CySEC

The appropriate authorities also regulate the company’s operations in Africa and Asia. Tickmill.com belongs to the Tickmill group, which is registered in Mahe Seychelles with the Financial Service Authority. These financial bodies enforce regulations that ensure customers’ funds and data safety. That means client protection is assured with Tickmill. 

The official logo of the Financial conduct authority (FCA)

The broker keeps traders’ funds separate from the company’s account. The licenses also make them contributors to several reputable compensation schemes. This serves as insurance for customers in the improbable event of claims or bankruptcy. Negative Balance Protection is provided for all customers. 

Tickmill’s regulator and license numbers:

→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Security measures for traders and your money

Tickmill Group Licenses & Regulation
Tickmill Group Licenses & Regulation

Tickmill must separate customers’ funds from its own as a license of the top-tier financial entities mentioned above. Clients’ funds are kept in top-rate global banks, separate from the company’s. 

Tickmill also offers negative balance protection to all its clients. In case of a losing trade, you will not lose more than the money invested. 

According to regulations, Tickmill must contribute to several compensation schemes. The company holds membership licenses with the Financial Service Compensation Scheme FSCS and Europe’s Investor Compensation Fund ICF. If the need arises, these compensation funds guarantee payment of claims up to £85000 and €20000, respectively.

Customers can rest assured that their funds and data are safe. Should the need arise, they would be compensated fairly.

→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Review of the offers and Tickmill trading conditions

Tickmill offers a growing list of market instruments on its trading platforms. Though its asset lists are smaller than most brokers, they include the most liquid markets, such as forex, cryptocurrencies, indices, stocks CFDs, metals, and bonds. Here’s an overview of what to expect in each asset class:

Currency pairs (Forex)

Trading currency pairs on Tickmill's MetaTrader 4
Trading currency pairs on Tickmill’s MetaTrader 4

Tickmill offers 62 forex pairs, including majors, minors, and exotics, on its platforms. Each category’s most popular and liquid markets are available, such as EURUSD, GBPJPY, USDGBP, GBPNZD, EURZAR, USDNOK, and more. The company’s product line in this asset class is richer than most brokers. 

Customers can trade forex on all its account types and platforms. Spreads can drop to 0.0 pips on forex majors during active hours, with a $2 commission per trade. The leverage offered depends on the region and can be as high as 500:1.

Currency pairs:62+
Leverage:Up to 500:1
Trading costs:$2 commission per trade
Execution:Instant
Availability:During trading hours
→ Trade currency pairs with Tickmill now!

(Risk warning: Your capital can be at risk)

Stock CFDs

Commissions for Stock CFDs on Tickmill
Commissions for Stock CFDs on Tickmill

Stocks trading is among the most popular markets traders venture into. Through stocks, you can own company shares and receive dividends from time to time. Tickmill recently added more market instruments to its stocks list. Traders can now access up to 98 stocks of CFDs. These include top-performing companies such as American Airlines, Apple, Amazon, and popular social media companies, including Facebook and Google.

These stocks CFDs are available to trade on all its account types at zero commission fees. The Buy/Sell spreads still apply and vary according to account type. Expect leverage up to 20:1 on these assets.

Stock CFD assets:98+
Leverage:Up to 20:1
Trading costs:Commission-free. Spreads vary depending on asset and market conditions.
Execution:Instant
Availability:During trading hours
→ Trade Stock CFDs with Tickmill now!

(Risk warning: Your capital can be at risk)

Stock Indices & Oil

Spreads for Stock Indices & Oil on Tickmill
Spreads for Stock Indices & Oil on Tickmill

Through Tickmill’s stock indices offerings, customers can invest in a group of profitable company stocks in a single trade. Indices allow you to invest in high-performing industries, economies, and stock exchanges with little capital and low fees. Tickmill lists over 14 popular global indices, including UK100, US30, France40, Africa40, and HK50, among others. Brent oil is also listed in this class, allowing customers to invest in the world’s most popular crude oil market. Prices, such as the crude oil price are always up to date.

NQ100 Depth of Market
NQ100 Depth of Market

Trading stock indices and oil on Tickmill attracts zero commission, and the spreads vary according to the market and account type. The typical spreads can range between 0.04 pips and 2.50 pips.

Oil & stock index assets:14+
Leverage:Up to 200:1
Trading costs:Commission-free. Typical spreads between 0.04 pips and 2.50 pips
Execution:Instant
Availability:During trading hours
→ Trade oil and stock indices with Tickmill now!

(Risk warning: Your capital can be at risk)

Metals

Spreads for PRECIOUS METALS on Tickmill
Spreads for precious metals on Tickmill

Hard commodities, such as gold and silver, are excellent investment options. Traders often use them as “safe-haven” investments, especially during tough economic times. Tickmill offers the opportunity to invest in gold, platinum, silver, and copper. Customers can also invest in natural gas with a small amount and low fees. The broker gives leverage up to 500:1 to trade these assets, depending on regulations in the customer’s jurisdiction. The minimum spreads are 0.0 pips, but expect an average of 0.09 pips.

Metal assets:4+
Leverage:Up to 500:1
Trading costs:Minimum spreads from 0.0 pips, average spreads of 0.09 pips.
Execution:Instant
Availability:During trading hours
→ Trade metals with Tickmill now!

(Risk warning: Your capital can be at risk)

Bonds

Spreads for Bonds on Tickmill
Spreads for Bonds on Tickmill

Bonds are issued by governments or large companies, indicating an agreement to fund a particular project. In other words, it is a loan for the project. Interests accrue, and the bonds’ value may increase or decrease before maturity. Tickmill platforms offer access to trade these securities. That means customers can speculate on different government treasuries/bonds, including German bonds. 

Leverage is offered up to 100:1, and the minimum spread is 0.0 pips on the pro account. 

Bond assets:Available
Leverage:Up to 100:1
Trading costs:Minimum spread of 0.0 pips on the pro account
Execution:Instant
Availability:During trading hours
→ Trade bonds with Tickmill now!

(Risk warning: Your capital can be at risk)

Cryptocurrencies 

Cryptocurrency spreads on Tickmill
Cryptocurrency spreads on Tickmill

Tickmill offers 8 cryptocurrencies on its platform. Although this selection is relatively small, traders can access the major crypto assets. Bitcoin, Litecoin, Ethereum, Cardano, Stellar, Ripple, and Chainlinks are all big names in this market. These ones see high liquidity and volatility and are available to trade on Tickmill’s platforms.

The broker offers 200:1 leverage for these assets. Commission fees are $4 per $100000 contract size. This rate may be higher on its standard account. The minimum floating spread is 0.01 pips on the most liquid and active markets.

Crypto assets:8+
Leverage:Up to 200:1
Trading costs:$4 per $100000 contract size, minimum floating spread of 0.01 pips
Execution:Instant
Availability:During trading hours
→ Trade cryptocurrencies with Tickmill now!

(Risk warning: Your capital can be at risk)

Trading fees – How much does it cost to trade with Tickmill?

Tickmills spreads, bid and ask prices (constantly updated)
Tickmills spreads & bid and ask prices (constantly updated)

Tickmill uses two types of fee models; commission-based and commission-free. The classic account is a commission-free account. The trading costs are all in the buy/sell spreads. 

The average spread on the Classic account for 100000 lots is 1.3 pips. This spread applies to major crosses during peak trading hours. Spreads are higher on the classic than other account types, but no commission is charged. And this rate is within the market average.

The Pro and VIP accounts have lower fees. These are raw spread accounts where customers trade on zero markups. The average trading cost on the Pro account is 0.07 pips plus a $2 commission per trade. This is the typical spread during active hours when spreads are tighter.

Trading costs are much lower on the VIP account, but the trader has to maintain a minimum trading amount of $50000. With this, you can enjoy fees as low as $1 commission per lot traded or $2 per round turn of 100000 lot size. The starting spread is 0.0 pips but can float to 0.07 pips during normal market hours.

Customers enjoy lower trading costs on the VIP and Pro accounts. But the commission on the Pro is two times higher, though the minimum deposit required is $100.

Tickmill also charges swap fees, but only on leveraged positions. Leverage is a loan from the broker. It allows you to trade bigger positions than your capital. The leverage attracts interest if these positions are left open longer than one business day. That is the swap fee that Tickmill charges you. 

Account type:Spreads:
Classic accountThe average spread of 1.3 pips
Pro accountAverage spread of 0.07 pips + $2 commission per trade during active trading hours
VIP accountAverage spread from 0.0 pips – 0.07 pips + $1 commission per lot traded, $2 per round turn of 100,000 position size
→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Test and review of the Tickmill trading platforms

Tickmill is a non-dealing desk broker (NDD), providing STP and ECN execution models to retail and other classes of traders. They clear out trades by providing quotes or linking customers to various liquidity providers, ensuring the best deals.

Tickmill offers multi-asset online trading services on the MetaTrader 4 and 5. Both platforms are available on desktop and mobile. 

MetaTrader 4

Tickmill's MetaTrader 4

MT4 is the most commonly used trading platform because of its impressive selection of tools. Using the MT4 to trade on Tickmill enables the user to conduct effective analysis. The platform also comes with software that allows users to create their own Expert Advisors (EAs). 

Tickmill allows trading of all its product offerings on the MT4. Virtual Private Network (VPS) service is available, which allows faster trade executions and smoother auto-trading. The platform supports 39 languages. 

Tickmill MetaTrader 4 platform
Tickmill MetaTrader 4 platform

MetaTrader 5

Tickmill's MetaTrader 5

MT5 was recently added to Tickmill’s platform offerings. The platform offers more advanced trading tools, including superior automated trading features, more timeframes, and charts. There are 38 technical trading indicators and up to 21 timeframes, which is more than the MT4’s offering of 30 indicators and 9 timeframes.

Tickmill copy trading services are only accessible on the MT5. TradingView is integrated into the platform for this purpose. Traders can access 21 timeframes, and up to 6 pending orders are available for use. The pending orders include stop orders, limit, and stop limit orders. The economic calendar is also embedded on the platform. You can set up notifications and email alerts.

→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Indicators & charting availability

Choosing indicators when trading with Tickmill
Choosing indicators when trading with Tickmill

Traders can access over 50 indicators and charts for their technical analysis. Tickmill platforms allow users to customize charts according to their choice. Indicators such as MACD, Fibonacci, EMA, etc., are the most common and are included on both platforms.

15 drawing tools are embedded to help you easily find trends. The broker includes a guide on its website on how to use these tools. The popular Autochartist is available, which helps you stay informed on trading opportunities.

Mobile trading via the Tickmill app

Tickmill mobile app
Tickmill mobile app

Though Tickmill does not yet offer a proprietary platform, MetaTrader 4 and 5 are available for mobile trading. These apps can be downloaded from Google Android or Apple stores. We should mention that broker recently introduced a non-trading proprietary app, which customers can use to manage their accounts. You can not trade on the app.

Mobile trading with Tickmill on the MT4 and MT5 is pretty standard. Users can access up to 30 indicators and charting. The viewable timeframes are also reduced on the mobile. One major downside is that you can not sync your watchlist. But the trading experience on the mobile is as good as on the desktop. You can place trades, adjust positions, and calculate earnings or losses on the mobile.

Mobile trading overview:

  • Straightforward user interface 
  • Up to 30 technical indicators 
  • A normal trading experience like a desktop version
  • Available across all mobile OS; Android, Apple, and Windows.
→ Sign up with Tickmill now and start using the mobile app!

(Risk warning: Your capital can be at risk)

Tutorial on how to trade on the Tickmill platform

How to start trading on the Tickmill platform
How to start trading on the Tickmill platform

Users can log in to their Tickmill brokerage accounts on desktop or mobile devices. The user interface may differ because of the screen size difference, but trading is the same on all of them.

As you may already know, there are thousands of tradeable financial instruments. If you’re new to online CFD trading, the first thing to do is determine the markets to start with. Many new traders start with forex, stocks, or hard commodities. Not only are they easier to understand, but there is a wealth of content on these markets through which you can build knowledge.

Research should follow your decision of which market to trade. Learn what you can about the asset’s price movements and their influences. Brokers like Tickmill provide basic information on all its products to help beginners get started.

Once you understand the basics of the market you wish to trade, log in to your live account and start trading.

The ordermask on the MetaTrader 4 trading platform of Tickmill
The ordermask on the MetaTrader 4 trading platform of Tickmill

Use the steps below to begin:

  1. Login by entering your username and password on the sign-in page
  2. Click on your preferred market, e.g., forex, stock indices, etc.
  3. Choose your desired instrument once the quote list appears. For example, EURUSD, etc., for forex. Or AUXUSD, Brent, etc., for commodities. Click BUY or SELL.
  4. Enter the order details, such as position size/amount and leverage.
  5. Set your stops or limit orders
  6. Review the transaction details
  7. Place the trade

How to trade forex on Tickmill

Trading volumes on Tickmill
When trading with Tickmill, you can see the current trading volumes of the asset

There are 62 forex pairs from which customers can choose on Tickmill. Though the forex market is the most liquid, profitability varies among the market because not all enjoy high volatility. The first step to trading forex is determining which pair offers you the greatest potential. Many stick to major forex crosses for this reason. But some minor and exotic pairs are as profitable as the majors.

Once you have decided on the currencies to trade, follow these steps to trade forex on Tickmill:

Choose simple trading strategies 

Deciding on a trading strategy means first researching the market to understand price movements. Study price history using the tools on the broker’s platforms. Certain factors influence exchange rates, which are worth researching to help you make good decisions. The knowledge you gain from the research will allow you to devise the best trading approach for your chosen instruments. 

Set some guiding principles

After understanding the market, it is helpful to set some ground rules. It will help you sustain discipline while trading. You will also stay focused. These trading principles should include the amount or size of the contract to start with, a target profit, and where to cut your losses if necessary. 

Test your skills on a demo account

Tickmill demo account

A demo is a replica of the live market. It usually comes with free credit, which allows customers to practice trading or test a broker’s services beforehand. You can use this free medium to test all you learned during your research. Whatever strategy you’ve chosen should be tried on the demo before you fund a real account. 

Deposit funds and trade forex live on a real account 

Once you have sufficiently practiced on a demo, you can move to a live account.

Fund it and trade using these steps:

  1. Log in and select forex from the asset list
  2. Choose your desired forex pair from the quotes and select BUY or SELL
  3. Type the order details, such as amount/lot size and leverage, and enter some notes or reminders, if necessary. 
  4. Apply the necessary market orders, such as stop loss and take profit.
  5. Review the details and place the trade
→ Start trading forex with Tickmill now!

(Risk warning: Your capital can be at risk)

How to trade Binary Options on Tickmill

Binary options are not available on Tickmill. 

How to trade cryptocurrencies on Tickmill

Trading cryptocurrencies with Tickmill
Trading cryptocurrencies with Tickmill

For now, there are 8 cryptocurrency assets on Tickmill’s platform. They are offered as a CFD instrument, so traders can only speculate on the price rise and fall rather than buying and owning the asset. These 8 are among the most popularly traded. Many seasoned traders invest in two or more crypto assets at once. But if you’re a beginner or have little experience, it is better to start with one. 

Once you have made a choice, the next step is studying its price movement influences. Crypto assets’ prices react greatly to their rate of adoption. Therefore, media coverage, market sentiments, and government regulations are great research sources. These factors would likely indicate the next price direction or trend.

The assets see frequent highs and lows in a single day, so they carry more risks than other financial assets. That means the trader’s analysis should be thorough before placing a trade. Also, note that the spreads are much wider than other assets due to the high volatility in this market. Your trading strategy should include taking these into account so that you can trade at a reasonable profit.

Following your laid down principles, especially risk management, is also crucial. It is easy to get sidetracked by the market’s volatility. But exiting a trade at the right time is a major part of a profitable strategy. 

→ Start trading cryptocurrencies with Tickmill now!

(Risk warning: Your capital can be at risk)

How to trade stocks on Tickmill

Benefits of trading stocks on Tickmill
Benefits of trading stocks on Tickmill

Stocks allow you to own a small portion of a company or speculate on its value going up or down. On Tickmill, you can trade stock CFDs by betting on price rise or fall. That means you short trade if you believe the price would drop and go long if you expect it to rise. You can also trade a group of company stocks or part of a stock market through a stock index. 

Certain things affect stock prices, which you should look out for before speculating. The company’s financial strength, performance, and approval rating (market sentiment) are prime determinants of its value in the financial market. It would be best if you also kept an eye on the company’s financial reports, media coverage about them, and the industry in which they operate. These elements help you decide which direction to trade.

Stock trading hours on Tickmill
Stock trading hours on Tickmill

With the appropriate information, you can successfully trade stocks using these steps:

  1. Click on stocks to display the quote lists.
  2. Choose the stocks you wish to trade. Rather than the full company name, they are usually listed in symbols. For example, Google is GOOG, Alibaba Group is BABA, etc.
  3. Click on the trade position, buy or sell. Then fill in the details, e.g., amount and leverage. If necessary, add some notes.
  4. Apply your risk settings, such as Take profit and Stop loss
  5. Confirm the details and place the trade by clicking OK.
→ Start trading stocks with Tickmill now!

(Risk warning: Your capital can be at risk)

How to open your trading account

Signing up with the broker Tickmill
Signing up with the broker Tickmill

Setting up a trading account on Tickmill is a straightforward and fast process. Tickmill’s website lists all the account types, and the Create Account tab sits below each type.

Once you click the Create Account button underneath your desired account type, the secure client’s page loads. Choose the individual account if you’re a retail client and Corporate if you’re a company. Click Proceed to load the signup form. Type the requested details, such as full name and date of birth. 

Click on Proceed and choose your country. The broker then shows you the regulatory body supervising its operations in your jurisdiction. You will also see the maximum leverage you can get based on the regulations. 

On the next page, enter your phone number and email to continue. Tickmill then sends a confirmation link to your email. Open the message, click the link, and proceed with registration. The signup completion would require identity verification. So prepare to upload some documents to finish the process. 

Once you complete the form and send the required documents, the broker prepares your trading account within 24 hours.

→ Open your trading account with Tickmill now!

(Risk warning: Your capital can be at risk)

Account types of Tickmill

Tickmill account types

Tickmill offers three account types. All levels of traders can find an appropriate choice out of these three. Customers can also choose an Islamic account for interest-free trading. A demo account is available in three kinds for free practice and testing. You can choose a demo classic, pro, or demo VIP to test all account types.

Below, we review the three standard trading accounts that Tickmill offers:

1. Classic account

The Classic account uses standard STP execution and is suitable for beginners. The minimum deposit for this account is $100. Trading fees are built into the spreads alone, so there are no separate commission charges. The minimum spread to expect is 1.6 pips. All the assets are available to trade, and you can use the MT4 or MT5. Although, the MT5 is more suited to experienced traders. The maximum leverage you can get is 500:1, but this depends on your jurisdiction too. An Islamic account version of the classic is available. 

2. Pro Account

The Pro account is suitable for experienced traders who do lesser volumes below $50000. The account uses ECN execution methods. So traders enjoy the lowest spreads (0.0 pips), but commission fees of $2 per side trade of 100000 lot size apply. The minimum deposit is $100, and a leverage of 500:1 can be given on this account. All the products are available to trade, and the broker allows any strategy, including hedging and automated trading. The Islamic account version of the Pro is also available. 

3. VIP account

VIP accounts are for professionals and active volume traders. The minimum deposit and trading amount are $50000. But the fees are much lower. As a raw floating spreads account, expect a minimum spread of 0.0 pips. The commission fee per side for 100000 volumes is $1. Advanced trading strategies are supported, including hedging, algorithm trading, and more. Customers can also get the Islamic interest-free version if they want.

Tickmill CFD account types
Tickmill Forex & CFD account types
→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Can you use a demo account on Tickmill?

Yes. Tickmill offers three types of free demo accounts. Each replicates the broker’s account offerings to allow traders experience the account type they intend to create. So if you want to create a live Pro account, you can test the demo Pro account to see what it’s like.

Traders in the UK can open a Futures demo account. Tickmill’s demo is unlimited, allowing you to practice as much as possible. You also get to choose how much virtual funds you want. We recommend trading on the demo with the amount you plan to start with on a real account. That way, you can get an unmistakable experience and know what to expect in a real environment. 

→ Sign up for the free demo account with Tickmill now!

(Risk warning: Your capital can be at risk)

How to login into your Tickmill trading account

How to login on Tickmill

You can log in to your account through Tickmill’s website or on the MetaTraders 4 and 5. Click on the menu icon on the top-right website and select login.

Type in your email address and trading account password. Click on login to launch the trading page. 

The process is the same on MT4 and MT5. Once you launch these apps, just type your email and Tickmill password on the appropriate columns. Click on the sign-in to enter your account page.

Verification – What do you need, and how long does it take?

Verification process on Tickmill

Identity verification on Tickmill requires several documents. You will need to send a government-issued ID card and proof of address if it’s an individual account.

The accepted documents for proof of address are utility bill receipts, such as light, gas, or water bill. A bank statement or credit card statement that carries your house address may also be acceptable. 

If you registered as a corporation, Tickmill might request other documents, such as a certificate of incorporation, audited account reports for the preceding year, or a memorandum of association. 

Once they receive these documents, verification can take between a few hours to one day

Available payment methods for deposit and withdrawals

The deposit and withdrawal methods on Tickmill
The deposit and withdrawal methods on Tickmill

There are various payment methods on Tickmill, but some are only available in specific jurisdictions. Fortunately, transfers, both deposits, and withdrawals, are free.

The payment methods include the following:

  • Bank transfers -1 business day (deposits). Zero fees. 
  • Credit Cards: Visa, MasterCard, and UnionPay – Instant deposits. Zero fees.
  • E-wallets; SticPay, Neteller, Fasapay, and Skrill. – Instant deposits. Zero fees.
  • Online banking; WebMoney. – Instant deposits. Zero fees.

Traders can choose any of these methods, depending on their location. Most methods are fast, and payments are processed instantly for deposits. 

If you use any of the card methods, expect the payment to reach the receiving account immediately if it is a deposit. Withdrawals may take a little longer. The e-wallets are also as fast as cards. Bank transfers take longer both for deposits and withdrawals. 

Note also that some payment methods would only credit your account in certain currencies. For example, WebMoney can only credit your account in dollars or euros. So if your account currency is in pounds, you can not use this payment option.

→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

How to deposit money on Tickmill – The minimum deposit explained

How to deposit money on Tickmill
How to deposit money on Tickmill

To deposit funds to trade, log in to the platform. On the Client Area, click on the Funding button and select deposit. Choose your preferred payment option, Visa, Skrill, etc., and fill out the payment details.

Note that the minimum deposit allowed is $100. The account currencies are mainly USD, GBP, and EUR. So if your currencies are not any of these, they will be converted to your chosen currency once you transfer. 

Tickmill deposit methods
Tickmill deposit methods

Some regional payment methods, such as FasaPay and UnionPay, accept deposits in their local currencies (CNY and IDR).

Deposits are instant on all payment methods, except bank transfers. Expect the amount to settle in your trading immediately or in 24 hours if you use the bank transfer option. 

Any fee deduction for deposits will come from the payment service. Tickmill has a zero fees policy on deposits and withdrawals. 

→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Deposit bonuses on Tickmill 

Tickmill offers a one-time deposit bonus to newly registered and existing customers. Customers need to deposit at least $200, €200, or £200 to claim a 10% bonus ONCE. 

The maximum deposit bonus allowed is $1500, €1500, or £1500. So if 10% of your deposit exceeds this amount, you are not entitled to the excess. Customers can withdraw the bonus and profits, but certain terms and conditions apply. Customers should read the conditions attached on the broker’s website before claiming the bonus. 

→ Sign up for free with Tickmill and receive a deposit bonus!

(Risk warning: Your capital can be at risk)

Withdrawal – How to withdraw your money on Tickmill

How to withdraw money on Tickmill
How to withdraw money on Tickmill

Withdrawal on Tickmill is simple, though it does not settle as fast as deposits. Select Withdraw Funds to move money out of the account in the same Client Area. 

Choose a payment option for receiving the funds. Enter the required details, including the amount and account details. Review the information and click on submit.

Withdrawals take at least 24 hours to process. It could take longer, so be patient. There will be no fees charged, except by the payment service. 

→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Customer support for traders 

Tickmill support and contact info
Tickmill support and contact info

Tickmill customer service is available during usual working hours, that’s Monday to Friday – 8 AM to 5 PM.

They offer multiple language services, and the phone contact details depend on the region.

  • United Kingdom: +44 20 3608 2100
  • Hong Kong: +852-5808-2921
  • Malaysia: +6087-504-565

You can also reach them via email at [email protected] or by filling out an inquiry form on their website. The response via mail is 24 hours.

Customer care number:Email support:Live chat:Availability:
United Kingdom:
+44 20 3608 2100
Hong Kong:
+852-5808-2921
Malaysia:
+6087-504-565
[email protected]Yes, availableMonday to Friday – 8 AM to 5 PM

Education material – How to learn trading with Tickmill

Tickmill education section
Tickmill education section

Tickmill provides exceptional educational content for customers, especially beginners. Trading guides and basic useful details about each asset are on its website. Beginners can gain basic knowledge about an instrument before proceeding to invest in it.

Experienced traders can access a large archive of webinars and articles. The broker offers trading courses, detailed eBooks, periodic webinars, and infographics on YouTube. There are also contents that help traders learn about trading Futures. The only drawback to its educational resources is the quizzes to track progress. There is also fewer video content than what its competitors offer.

Additional fees 

Tickmill does not charge any additional fees. Apart from the fees explained above, customers do not pay any non-trading fees on its platform. No charges on a dormant account.

Available countries and forbidden countries

Tickmill accepts traders from all over the world, except in restricted regions, such as North Korea, Iraq, and other restricted territories. Before the signup process, once you select a country, the broker will notify you if your region is restricted. 

Conclusion – Tickmill is a great broker for both beginners and professionals

From our tests, we conclude that Tickmill’s service is good enough for both beginners and experienced traders. However, experienced and active traders would benefit more from the trading conditions. 

Customers can enjoy the full functionalities of the MetaTrader platforms and great options for copy trading services. The different account types allow traders to choose how to trade based on their experience level. And the fees are highly competitive. 

A major demerit we found is its small selection of tradeable instruments. Its competitors offer a larger selection of assets. But, at least the most popular and profitable markets are part of its offering. Therefore, if you are on the lookout for a broker offering the most popularly traded markets, Tickmill is a great choice.

  • Multi-regulated broker brand
  • Fastest execution on Forex and CFDs
  • Spreads from 0.0 pips
  • Low commissions
  • Different account types
  • Free demo account
  • MetaTrader 5 and MetaTrader 4
  • Futures trading available
  • Personal support
  • Education like webinars and coaching
→ Sign up for free with Tickmill now!

(Risk warning: Your capital can be at risk)

Frequently Asked Questions:

Is Tickmill a scam?

No, Tickmill is not a scam. Tickmill is a legit broker regulated by the four top-rate financial bodies, including FCA, FSCA, CySEC, and Labuan FSA. The broker is headquartered in the United Kingdom and contributes to multiple compensation funds in the UK and Europe. 

How long does withdrawal take on Tickmill?

24 hours. Withdrawal takes a little longer to process than deposits. Tickmill takes 24 hours to process withdrawal requests on most payment methods. If the funds do not settle within this time, send an email to support.

Does Tickmill charge swap fees?

Tickmill charges swap fees on leveraged positions. The broker does not charge swap fees on your capital, but leverage is offered.

Does Tickmill allow forex scalping?

Yes. Tickmill does not restrict traders from using special strategies, such as scalping. There are no restrictions on all the account types. Customers can scalp, hedge, use Expert Advisors, and arbitrage. Algorithm trading is also allowed. 

Where is Tickmill located?

Tickmill has its head office in London, United Kingdom. Other global offices are located in Cyprus, Seychelles, South Africa, and Malaysia.