Regulators: FCA, FSA, CYSEC

Cryptocurrencies: YES

Minimum Deposit: $100

Maximum Leverage: 1:500

Spreads: Low

My Score: 7.9

First thing I can say about Tickmill forex broker is that it is one of the fastest growing brokers in the world. Thanks to the Company’s aggressive growth policy, Tickmill succeeded in reaching thousands of forex traders from a wide range of different countries in a very short period of time. The website has more than a million visitors a month. In this Tickmill review, you will find information on Tickmill spreads, regulations, account types, deposit and withdrawal methods. Are you wondering is Tickmill scam or legit? I would definitely recommend reading this review before opening an account with Tickmill.

Tickmill Regulation and Investor Protection

One of the most crucial issues in the Forex system is regulation. Because when you have problems with your broker, the regulators help you to solve the problems. Think about; you wanted to withdraw but the broker could not let this. In this situation, the regulator moves in and protects your rights. We can duplicate samples like this. Let’s see what Tickmill offers us.

There are two different companies behind the Tickmill brand name. One of them is Tmill UK Limited and the other is Tickmill Limited. Tmill UK Limited regulated by FCA (Register Number: 717270) in the UK FCA while Tickmill limited regulated by FSA in Seychelles.

Clients of the UK broker are protected by Financial Services Compensation Scheme-FSCS as well as FCA. If the forex broker goes bankrupt, the investors’ money is under the FSCS guarantee. The institution pays investor’s money up to £50,000. This shows your money is in safe if the broker goes bankrupt.

In addition, Vipro Markets, which operates in Cyprus with CYSEC-licenced, joined the Tickmill group in 2017. Before joining the Tickmill group, this company also had more than 500,000 visitors per month. If a broker wants to have a CySec license, it must keep at least  €1,000,000 to prove to clients that they can make a payment. I think it is a reassuring feature for prospective clients who are suspected of not taking their money.

In order to keep your money safe, you must trade with a broker who has a license. Watchdogs allow the brokers to act in accordance with the rules. They periodically inspect the brokers and if the brokers do not obey the rules, they may cancel the licenses.

The Tickmill forex broker has grown rapidly in a short period of time and currently serves forex and CFD trading in Asia, the Middle East and Africa.

Tickmill Spreads and Account Types

Tickmill offers customers 4 different account types as follows:

Account typeMinimum depositMaximum leverageSpreads (& Commission)Swap Free
Classic$1001:500From 1.6 pipsYes
Pro$1001:5000.2 pips + $4 / Lot (Round Turn)Yes
VIP$50.0001:5000.0 pips + $3.2 / Lot (Round Turn)Yes

In all of these 4 account types, you can trade on 85 trading instruments and use USD, EUR, GBP, PLN as base currency of the account. The maximum leverage in the accounts is 1:500.

Classic account is more suitable for newbie investors. Minimum deposit for Classic account is $100. It can be called an average deposit. There is no commission, but spreads start from 1.6 pips on EURUSD. If I compare it with FxPro, I can say that spreads are higher in the classic account in Tickmill. However, the Pro account that we can see as ECN account is quite advantageous compared to other brokers’ ECNs.

In the Pro account, the minimum deposit is same with Classic account and it is $100. You only pay a commission of $ 2 per lot and $ 4 per round turn. I can easily say that this commision is quite low. If we compare with other brokers, Tickmill offers better commission fee. For example FXPRO offers $ 3 per lot and $ 4.5 per round turn.

The most advantageous of all is the VIP account. You only pay a commission of $ 1.6 per lot. However, the minimum deposit for this account is $ 50,000. Tickmill also offers personal multi account manager. With the MAM program, professional money managers are assigned to act on behalf of their clients. In this way, a Money Manager can perform block trades on all accounts with his master account effectively.

If you are an investor with Islamic belief and do not want to earn or pay interest, you can apply for a swap free account for all these account types. Tickmill offers the same terms and conditions as their regular account types to its clients who want to use Islamic accounts. The only difference is that there are no swaps. Tickmill may ask you to document your belief. It also has the right to reject your application.

tickmill account types

Trading Products

Tickmill offers to trade CFDs on currency pairs, precious metals, crude oil, stock indices, bonds and cryptocurrencies. The broker includes only BTC on cryptos. This is a disadvantage for Tickmill. And also, +60 pairs of forex pairs available.

Trading Platforms

You can trade with TickMill on desktop or tablet, browser or on-the-go with your smartphone. MetaTrader 4 and Web Trader are available. MT4 is considered to be the world’s most popular Forex trading platform because it is easy to use, offers a variety of graphics and indicators, a variety of Expert Advisors (EAs) and most importantly supports the MQL language.

Key Features

  • CFDs on forex, stock indices, WTI, commodities, bonds and cryptocurrencies
  • EA trading facilities
  • Micro lots available
  • No partial fills


Tickmill offers three promotions to its clients. One of them is ‘Trader of the month’ : Each month, Tickmill selects the best and highest performance among its talented clients and rewards it with a $ 1,000 award. They take into account not only good profits, but also money and risk management skills when selecting the winner. I would say that this promotion enables competition among clients. Available to clients of Tickmill Ltd (FSA SC Regulated) only.

The second one is ‘Tickmill’s NFP Machine’. This promotion is also available to clients of Tickmill Ltd (FSA SC Regulated) only. During every NFP week, they choose one instrument and challenge you to guess its price in their MT4 platform at 16:00, exactly 30 minutes after the NFP release. A perfect hit will bring you $500 to your trading account. If no one breaks the bank by an exact figure, the trader with the closest prediction will cash in a $200 prize.

And the last one is ‘$30 Welcome Account’. Available to clients of Tickmill Ltd (FSA SC Regulated) only. If you open a new account Tickmill gives you $30 welcome bonus.

All promotions have terms and conditions.

Deposit and Withdrawal Methods.

Tickmill has a wide range of funding and withdrawal methods. These are wire transfer, credit/debit card, Skrill, Neteller, Fasapay and UnionPay. I can say that this is enough but unfortunately, there is no BTC. Also, you do not pay any fees thanks to the Zero Fees Policy of the company. Tickmill offers deposit and withdrawal methods as follows:

Payment optionCurrenciesMinimum


Deposit Processing TimeWithdrawal Processing Time
USD, EUR, GBP, PLN2510during 1 working dayduring 1 working day

USD, EUR, GBP, PLN2510instantlyduring 1 working day
USD, EUR, GBP, PLN2510instantlyduring 1 working day
USD, EUR, GBP, PLN2510instantlyduring 1 working day
USD, IDR$25 or 250,000 Rp$10 or 100,000 Rp1-2 hoursduring 1 working day
CNY15050instantlyduring 1 working day
VND500,000200,000during 1 working dayduring 1 working day
USD, RUB, EUR2510instantlyduring 1 working day

I did not have any problems with withdrawing and depositing money during my transactions. When depositing money I preferred to deposit with a credit card. When withdrawing money, they deposit the money in the same day.

Final Thoughts

Tickmill is a fast-growing broker. A few years ago, nobody knew Tickmill. But now all investors on the forex market know Tickmill. If this growth continues fast, I can not imagine what will happen in a few years. They have a good designed website and you can find all information about trading.

FCA license and FSCS registration are two of the broker’s strongest features. The broker has CySec license too. There is no doubt that Tickmill is a reliable broker. Tickmill offers enough account types to its clients. The classic account has advantages about minimum deposit and spreads. The Pro account also offers a highly advantageous and competitive spread. If you are going to use a pro account, I recommend you open an account at Tickmill. Finally, Tickmill is a reputable broker who has various product portfolio and effective trading conditions.

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Commissions and fees


Customer Service


Platform & Tools


Product Portfolio



  • ECN Account's competetive spread
  • Fast growing broker
  • low minimum deposit with $25
  • Zero Fee Policy on funding and withdrawal methods


  • No choice of trading platforms

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  1. Been trading with Tickmill for almost months 2 years, one of the best experiences I have had with a forex broker. Fast withdraws, low commissions, excellent client support and good services…