Tickmill Review 2022: Scam or Legit? Detailed Overview

Tickmill Review

Established in 2014, Tickmill is an enhanced forex and CFD trading platform for traders across the world. The business is among the top forex brokers on the internet and has been regulated by many global financial authorities, primarily of which includes the UK’s Financial Conduct Authority (FCA). Therefore, it is no surprise that the platform is safe and legit. 

Tickmill has proved its worth as a trusted market leader in the forex market in a short span of time. The company runs and operates under the trading name of Tickmill Group of Companies. The platform is considered perfect for professional traders. 

For understanding further, continue reading our review till the end. 

Tickmill Review: Is it a Scam?

For the assistance of traders, we have gone through every piece of information to find out – Is Tickmill a Scam or Legit? According to our findings, we can say that the company is legally regulated by several global financial authorities. 

The major global regulators which regulate the Tickmill include the Financial Services Authority of Seychelles, the South African Financial Sector Conduct Authority (FSCA), the Financial Services Authority of Labuan Malaysia (LFSA), and the Cyprus Securities and Exchange Commission (CySEC). 

The business is registered under the brand name of Tickmill UK Limited with registration number 09592225. The head office of Tickmill UK LTD is situated on the 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ, which is authorized and regulated by UK’s tier 1 financial institution – the Financial Conduct Authority with an FCA register number 717270. 

Hence, it is clear that the company is legit and secure for all traders and investors worldwide. 

Pros and Cons of Tickmill: 


  • Spreads as low as 0.0 pips
  • Low Commission
  • Perfect Platform for Professional Traders
  • Hassle-free and fast Account Opening Process
  • No Additional Fees on Deposits and Withdrawals
  • Hedging and Scalping Allowed
  • Dedicated Customer Support
  • Offers Negative Balance Protection


  • Limited Product Portfolios
  • Offers basic platform functions

Tickmill Review: Types of Accounts Offered

Tickmill offers a variety of account types, each with its own features, minimum deposit, and minimum balance requirements. Tickmill UK Ltd and Tickmill Europe Ltd retail clients have a maximum leverage of up to 1:30. 

You can trade with higher leverage if you qualify as a professional trader, up to 1:500 (Tickmill UK Ltd) or 1:300 (Tickmill Europe Ltd). Let’s have a quick look over the different types of accounts offered by Tickmill.

Classic Account:

This type of account is a perfect option for traders who are new or hesitate to trade with much money. The features of this account are enough to enhance your trading experience. 

Below are a few advantages of Classic Account.

  • Offers CFD trading on 62 currency pairs
  • Base Currencies include USD, EUR, and GBP
  • Spreads start from 1.6 pips
  • Leverage up to 1:500
  • Zero Commission
  • Hedging and Scalping Allowed for all Traders
  • Customer Support
  • Offers CFD trade on indices, precious metals, oil, cryptocurrencies, and bonds
  • The minimum deposit is $100
  • No need to maintain the minimum balance

Pro Account:

The Pro Account in Tickmill is specially created for professional traders. The advanced and enhanced features of this account help traders in understanding the optimal conditions of the market. 

Below are some benefits of Pro Account.

  • Stop and Limit Levels are Zero
  • Offers low commission
  • Spreads start from 0.0 pips
  • Zero commission on CFD trading on Cryptocurrencies, Oil, Stock Indices, and Bonds
  • The minimum deposit is $100
  • CFD trading on 62 currency pairs
  • Dedicated Customer Support
  • Base Currencies: USD, EUR, and GBP
  • All Strategies including Hedging and Scalping Allowed
  • Leverage up to 1:500

VIP Account:

The VIP account offers competitive prices and advanced features to high-volume traders. With low spreads, trading is made easier with this type of account. 

Few features of Pro Account:

  • Low Commission of only 1 currency unit per side per lot
  • Minimum Balance Requirement: $50,000
  • Maximum Leverage 1:500
  • Tight spreads starting from 0.0 pips
  • Base Currencies: USD, EUR, and GBP
  • All Strategies including Hedging and Scalping Allowed
  • Offers Swap-free Islamic Account option
  • Zero Stop and Limit Levels
  • CFD trading on 62 currency pairs
  • Dedicated Customer Support
  • Zero Minimum Deposit

Demo Account:

This account is specially created for beginners and traders who want to trade CFDs on forex, commodities, and bonds but hesitate to trade with real money. Below are a few benefits of a Demo Account.

  • Offers real trading experience
  • Fully-fledged MetaTrader Platform with customizable tools
  • Offers over 80 Instruments for Trading
  • No deposit

Islamic Account:

Tickmill offers Islamic accounts for the traders of the Muslim faith. Have a look at a few features of Islamic Account.

  • Swap-free Account
  • Dedicated Customer Support
  • Same trading conditions as other regular accounts

Tickmill Review: How to Open an Account?

Opening an account on Tickmill is quite an easy and straightforward process. All you need to do is fill out the application form and then submit it for verification. The verification process usually takes 24 hours to complete. 

Here’s a step-by-step process for opening an account on Tickmill:

Step 1: Firstly, choose a country from the list at the top of the page. 

Step 2: Now, fill out general information such as your name, date of birth, mobile number, email, and country of residence. 

Step 3: After this, choose the UK regulator in the entity field. 

Step 4: Submit your application. You will receive an email for verification.

Step 5: After returning to the page, fill out your home address and nationality.

Step 6: You will be asked a few questions about your financial situation, employment status, and experience in trading. Answer all these questions. 

Step 7: Choose an account type from Classic, Pro, and VIP. Also, select base currency.

Step 8: Upload a copy of your Identity card issued by the government – You can upload a copy of your Passport, National Id, and Driving License to verify your identity and residence address. 

Tickmill Review: Major Trading Instruments

Currently, Tickmill provides access to five major trading instruments, including:  

  • Indices & Oil:

Tickmill offers access to best-in-class international stock indices and oil with Zero commission.

  • Precious Metals:

Enhance your trading experience with speculation on prices of precious metals such as Gold and silver. 

  • Bonds: 

Traders can get benefits by trading on bonds.

  • Forex:

Tickmill offers around 62 currency pairs with low spreads starting from 0.0 pips.

  • Cryptocurrencies:

Get access to the world’s most popular cryptocurrencies such as Bitcoin, Litecoin, and many more. 

Tickmill Review: Leverage 

All Tickmill accounts offer a maximum leverage of 1:30 for retail clients and 1:500 for pro clients. 

Tickmill Review: Deposits and Withdrawals

The best thing about using the Tickmill platform is that you don’t need to pay any additional fee for your deposits and withdrawals. Traders can use the following payment methods for deposit and withdrawal. 

  • Neteller
  • Sofort
  • Skrill
  • Fasapay
  • Ngang Luong
  • Webmoney
  • China Union Pay
  • dotpay 
  • Rapid by Skrill
  • Paysafecard
  • Qiwi
  • Sticpay
  • Debit/Credit Cards

Note: The processing time for bank transfer can take up to 5-7 business days. So, payment with Debit/Credit cards is always recommended. 

Tickmill Review: Web Trading Platforms

Tickmill offers its users advanced MetaTrader platforms. It is one of the leading and most popular web trading platforms. It can be easily customized according to the user’s requirements. The available platforms on Tickmill include:

  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader WebTrader Platform
  • MetaTrader for MAC

MetaTrader 4:

The MT4 platform is designed to offer an enhanced and advanced trading experience to traders. 

  • Wide Range of Applications
  • Customization Available
  • Advanced Analysis
  • Offers trading signals with an advanced alert system
  • Customizable Charting
  • User-Friendly
  • One-Click Trading
  • Manages Multiple Accounts
  • Secure and Safe

MetaTrader 5:

The MT5 platform offers advanced trading conditions to both beginners and professional traders on the go. The platform has a wide range of advanced features and tools. 

  • Supports MQL5 Language
  • Advanced & Accurate Analysis Tools
  • Over 38 Integrated Indicators
  • Supports Copy Trading
  • Advanced Economics Calendar 
  • Secure and Safe
  • Expert Advisors 
  • Trading Robots
  • CFDs on Forex, Bonds, Cryptocurrencies, and more

MetaTrader WebTrader Platform:

It is one of the leading trading platforms that offer fast and secure access to different markets. No additional software, download, or installation is required. 

  • Users can get real-time quotes
  • Price charts that can be customized
  • There are nine different timeframes
  • All browsers provide direct access
  • There are more than 30 indicators
  • Data communication is encrypted for security

MetaTrader for Mac:

This platform is specially created for Mac operating systems. 

  • Algorithm Trading
  • User-friendly
  • Safe and Secure
  • CFDs on Forex, Bonds, Cryptocurrencies, and more

Tickmill Review: Mobile Trading Platform

Tickmill offers MetaTrader 4 platform for an excellent mobile trading experience. The MT4 platform is one of the leading and well-designed platforms, offering users several features. It does not, however, have a secure login.

Tickmill offers MetaTrader 4 as a mobile trading platform, similar to the web trading platform. Both iOS and Android versions of MetaTrader 4 are available. After downloading the MT4 mobile trading software, you must choose a server.

You have to pick your preferred language from a variety of options available on the mobile trading platform, just like you do on the web trading site. On Android devices, however, changing the language is a little more difficult; you can only do so if you change your phone’s default language.

  • Offers one-step login
  • Offers better search functions
  • Notification Alerts
  • User-friendly Platform

Company Details:


  • Forex
  • Stock Indices
  • Oil
  • Precious Metals
  • Bonds 
  • Cryptocurrencies


  • Country: United Kingdom
  • Regulation: Financial Conduct Authority (FCA)
  • FCA register number: 717270

Customer Service

Tickmill Review: Educational and Research Support

Education: Latest Trading News, Trading Articles, CQG Education Videos, Webinars, and EBook 

Research: Built-in Economic Calendar, Expert Analysis, and Trading Ideas

Tickmill Review: Fees

Tickmill charges very low forex fees and average CFD commissions. However, the platform doesn’t charge any fee for deposits, withdrawals, and inactivity.

  • Trading Fees

The company offers a low trading fee. However, the prices may vary from one account to another. 

  • Forex Fees

Tickmill has low forex fees in the market, which is mainly due to the low commission charges.

  • CFD Fees

Tickmill charges average CFD fees. 

  • Non-Trading Fees

Tickmill charges very low non-trading fees. In addition, the platform doesn’t charge any deposit, withdrawal, or inactivity fees. 

Tickmill Review: Customer Support

Tickmill offers a great service to its users. The support team quickly responds to the queries via phone/email/chats.  

Tickmill Review: Final Verdict

Tickmill is a reliable and safe FX and CFD broker that is being regulated by several regulatory bodies throughout the world, including the top-tier UK FCA. The platform is best for high-volume, professional traders who enjoy trading the most popular Forex and CFD instruments.

Tickmill provides a good choice of copy-trading platforms to go along with its MetaTrader platform, as well as several account options with different prices. On the bright side, Tickmill’s minimal Forex fees were appealing. 

On the other hand, its narrow market range, limited research, and poor instructional quality are all disadvantages to consider. It only offers forex and CFDs on a few stock indices, commodities, and cryptocurrencies. The architecture of the trading platforms is archaic, and the quality of various research tools is inconsistent.

The account opening process is simple, and there are a variety of free deposit and withdrawal choices. Lastly, Tickmill is a good option for people who want to trade CFDs and Forex and are used to the MetaTrader trading platforms. 


Is Tickmill a Good Broker?

Tickmill is a safe broker (average-risk) for trading forex and CFDs as it is regulated by UK’s tier 1 financial institution – Financial Conduct Authority (FCA).

What is the minimum deposit to open an account on Tickmill?

The minimum deposit required to open an account on Tickmill is $100. However, the minimum deposit requirement doesn’t apply to a VIP account.

Does Tickmill Charge any Deposit fees?

No, Tickmill doesn’t charge any deposit fees. In addition, the platform doesn’t charge any withdrawal and inactivity fees. 

How to withdraw money from Tickmill?

The withdrawal process in Tickmill is so easy and fast. All you need to do is log in to your account. Now, click on ‘Withdraw Funds’ from the menu. Choose the appropriate withdrawal method. After this, enter the amount and click on submit. 

How long does the withdrawal process take place in Tickmill?

The withdrawal process in Tickmill is quite easy and fast, which usually takes one working day to complete.

Does Tickmill allow scalping?

Yes, the platform has no restriction on trading strategies such as hedging, scalping, and EAs. 

Does Tickmill charge any commission?

Tickmill charges a low commission starting from just 2 currency units per side per lot. However, the platform charges zero commission on CFDs on Stocks, cryptocurrencies, bonds, and oil. 

Can you trade stocks on Tickmill?

Yes, to start trading in stocks, you’ll need to deposit money in your trading account.  

What is the maximum leverage in Tickmill?

The maximum leverage offered to Tickmill account holders is 1:500.

How to get a Tickmill bonus?

Tickmill welcomes its new members with a $30 bonus when they sign up. A sign-up bonus, a deposit bonus, or a welcome bonus are usually offered to new traders who open an account with a broker in order to attract more clients while also promoting trading activity.

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