Tickmill UK Review
For UK Traders
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This broker is always improving, execution speed is fast and customer support is the best. I hear they pay interest on deposits but I have never received any. They should also work on their deposit bonus the way it is now you must deposit at least $100 to qualify for bonus which is too high. Lastly the withdrawal time is not good, it takes too long.
The new Tickmill mobile app is excellent, and the addition of TradingView is great. Customer support is also topnotch, the only down side is the deposit/withdrawal methods are not many and instant withdrawal is absent
They like to delay withdrawal for days. Forget instant withdrawal, you will never get it with them. You will be lucy to get your withdrawals after 2 working days.
I like that you can cancel a withdrawal after initiating it. I also love the Tickmill Trader mobile app, its the most sophisticated I have seen so far.
A very very good broker, I recommend Tickmill because their MT5 is perfect, no lagging, no glitches etc. They also keep evolving and improving which is the sign of a serious broker, recently they have added TradingView.
If you trade with Tickmill and are always unprofitable then maybe the problem is you, because tickmill provides you all the tools you need especially the acuity trading tools are excellent. Keep it up tickmill
top class broker with world class regulation. however i cannot say ther customer support is the best, it needs improvement.
Very transparent with their spreads and they are highly regulated. They dont play the games these small brokers play (i mean stop luss hunting etc). I have traded with them for 2 years now using a raw spread account and they are great. They should work on this their new mobile app called tickmill trader, to make it more easy to setup
Hard time opening an account with Tickmill. They keep rejecting my means of ID even when this is the same ID I used to open an account with other brokers. Their customer support sucks
I had issues trying to connect my Tickmill account to TradingView. I know this is a new feature but they should perfect it soon enough.
Tickmill your minimum withdrawal is too high at 25 USD. Why not keep it low like other brokers do? Other than that i enjoyed trading with Tickmill using their Raw Account which has very transparent spreads. Tickmill also has a lot of high-end tools which i found very helpful when I was starting out.
The spreads on their Standard (Classic) Account is too high, if they don't want people to use the standard account they should cancel it and only offer Raw Account. How can one pay up to 1.6 pips on EUR/USD? The only account they have that makes sense is the Raw Account but not everybody is used to trading with commissions.
Tickmill does not have Naira account & that's the only thing i don't like about them. But their platforms are top notch & execution speed is high. Their spreads are also stable with no unnecessary widening of spread like some brokers do
Tickmill is an international forex broker under strong regulation from the FCA UK, & also accepts clients from Africa
| 👨 Founder | Ingmar Mattus |
| 📅 Year Founded | 2014 |
| ⚖ Regulators | FCA UK |
| ⚖ Investor Protection | FSCS |
| ⚖ Dispute Resolution | Financial Ombudsman Service (FOS) |
| 📈 Trading Instruments | Forex, Stock Indices, Commodities, Bonds, Crypto, Stocks |
| 🚀Leverage | 1:30 |
| 💻 Platforms | MT4, MT5, Tickmill Mobile App, Tickmill Web Terminal. |
| 📋Account Types | Classic, Raw, Tickmill Trader Raw |
| 💰 Minimum Deposit | $100 |
| 💰 Minimum Withdrawal | $25 |
| 📞Live Support | 24/5 |
| 🏖️ Inactivity Fee | $0 |
| ✅Reason To Trade | |
| ❌Reason To Avoid |
Tickmill Regulation - 5/5
Is Tickmill a Legit Broker?
Yes, Tickmill UK LTD. is a legit forex broker regulated by the Financial Conduct Authority (FCA) of the United Kingdom.
Because Tickmill is also a member of the Financial Services Compensation Scheme (FSCS), eligible UK traders have some form of investor protection to a maximum up 85,000 GBP.
Tickmill is also regulated in Seychelles by the Financial Services Authority (FSA) who issued them a Securities Dealer license.
Tickmill UK LTD is also regulated in Dubai by the Dubai Financial Services Authority (DFSA).
In South Africa, Tickmill is regulated by the Financial Sector Conduct Authority (FSCA) who issued them two licenses to act as a Financial Service Provider & Over-the-counter Derivative Provider.
Tickmill Regulation Summary
| 📍Country | ⚖️Regulator | #️⃣License No. | 📅Date License Issued |
| FSA | Seychelles | SD 008 | |
| FCA | UK | 801701 | 2016 |
| South Africa | FSCA | FSP 49464 | |
| Dubai | DFSA | F007663 | |
| CySEC | Cyprus | 278/15 | 2015 |
Tickmill UK Withdrawal & Deposit Conditions - 4/5
What is Tickmill Minimum Deposit?
The Tickmill minimum deposit is $100
All Tickmill deposits are processed instantly except bank transfers which take 24 hours
To get a VIP account, the minimum balance is $50,000.
Does Tickmill Pay Interest on Deposits?
Yes, Tickmill pays up to 2.75% interest on funds kept in your Tickmill Wallet as far as your wallet balance is above $100, & you execute at least one trade per month.
Tickmill also has an interest rate calculator tool under its client services section which helps you estimate the interest you will be paid as per your wallet balance.
Tickmill Withdrawal & Deposit Methods
1. UK Banks
Tickmill accepts deposits made from your mobile banking app (of any UK bank). The deposits/withdrawals are processed 24/7 including on weekends & they reflect instantly.
2. Visa & MasterCard
Tickmill UK accepts withdrawals & deposits from Visa and Master Debit/Credit Cards issued by any Nigerian bank. The deposits/withdrawals are processed 24/7 including on weekends & they reflect instantly.
3. Cryptocurrency
Tickmill UK accepts withdrawals & deposits using Bitcoin, Ethereum, Tether & USDC.
The crypto deposits/withdrawals at Tickmill are processed 24/7 including on weekends & they reflect instantly.
4. Apple Pay & Google Pay
Tickmill UK accepts withdrawals & deposits using Apple Pay & Google Pay.
Apple Pay & Google Pay deposits/withdrawals at Tickmill are processed 24/7 including on weekends & they reflect instantly.
5. Skrill
Tickmill UK accepts withdrawals & deposits using Skrill.
Skrill deposits/withdrawals at Tickmill are processed 24/7 including on weekends & they reflect instantly.
6. International Bank Wire
Tickmill UK accepts withdrawals & deposits using International Bank WIre.
International Bank Wire deposits/withdrawals at Tickmill are processed in 1 working day but it may take up to 3 days for the funds to reach you.
Does Tickmill Charge Withdrawal Fees & Deposit Fees?
No, Tickmill does not charge UK traders any fees for withdrawals and deposits.
When depositing or withdrawing via International Bank Wire, Tickmill will refund any charges your bank levied you, as far as the amount you deposited/withdrew is above 5,000 USD.
What is The Minimum Withdrawal at Tickmill?
The Tickmill minimum withdrawal is $25.
How Long Does It Take To Withdraw Money from Tickmill?
Tickmill withdrawal time is instant for all withdrawal methods except international bank wire .
Tickmill withdrawals are processed 24/7 so any time you initiate the withdrawal you will get the money instantly.
Range of Markets - 4/5
Tickmill traders in the UK can trade using CFDs or they can trade Futures/Options.
1. Forex CFDs
Tickmill allows you trade all the major currency pairs such as EUR/USD, USD/JPY, USD/CAD etc. as well as minor & exotic pairs.
2. Index CFDs
Popular indices such as Nasdaq & US Dollar Index are part of the menu & you get to trade over 20 indices at Tickmill. You can also trade the Africa40 index CFD which exposes you to the African market.
3. Commodity CFDs
Both soft & hard commodities are on the menu. You can trade Gold/USD pair, Silver/USD pair, Coffee, Sugar, Crude Oil & Natural Gas CFDs etc.
4. Bond CFDs
At Tickmill you can trade CFDs on German Bonds & this gives you exposure to the fixed income market.
5. Crypto CFDs
Tickmill also allows you trade CFDs on several popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Stellar, Chainlink, Solana and EOS.
5. Stock & ETF CFDs
You can trade stock & ETF CFDs on popular leading companies from USA, Europe etc. Tickmill also pays proportional dividends when these companies are paying out dividends.
Tickmill also provides an Earnings Calendar so you know when the companies are publishing their earning reports.
6. Futures & Options Trading
You can trade over 100+ Standard & Mini Futures & Options Contracts with Tickmill UK entity.
These are real futures & options contracts (and not CFDs) so they carry more risk. The minimum amount for trading Futures at Tickmill is 1,000 USD.
The Futures & Options contracts are derived from global stock exchanges like CME, COMEX, CBOT, NYMEX and EUREX.
Tickmill Futures & Options span several asset classes but some of the most popular Futures are: Gold Futures, Eurodollar Futures, S&P 500 Mini-Futures, Crude Oil Futures & US 10 Year Note Futures.
| 🛒Product | #️⃣Number | 🚀Leverage | 🌙Swap Free Trading | |
| Forex CFD | 60+ | 1:1000 | No | |
| Stocks CFD | 480 | 1:20 | No | |
| Index CFD | 20 | 1:100 | No | |
| ETF CFD | 20 | 1:20 | No | |
| Bond CFD | 3 | 1:100 | No | |
| Commodity CFD | 10 | 1:100 | No | |
| Crypto CFD | 9 | 1:200 | No | |
| Futures & Options Contracts | 100+ | 1:20 | No |
Does Tickmill Have Dynamic Leverage?
Yes, Tickmill offers dynamic leverage as high as 1:1000. The way dynamic leverage works is the bigger your trade size, the lower the leverage allowable.
Dynamic leverage aims to help you manage risk by not risking too much on big trades, so the leverage is forcefully reduced when your trade size is big.
Tickmill Account Types - 3/5
1. The Classic Account
An entry-level account with a one dimensional pricing system where you only pay spreads when you trade.
This pricing structure can be understood by beginners as it is less ambiguous. However the Classic Account has higher spreads than other accounts in the Tickmill lineup.
2. Raw Account
The Tickmill Raw Account charges commissions plus raw spread.
This pricing style is more complicated but some traders would rather pay a commission so they can get lower spreads.
3. TradingView Raw Account
This new account class was created by Tickmill for those who want to trade on TradingView. The account offers commission plus raw spread pricing.
4. Demo Account
The demo account is for demonstration so you can experience what it feels like to trade with Tickmill while using fake cash.
| Pros | Cons |
| ✅Tickmill has a Demo Account to learn with | ❌No Cent Account for beginners |
| ✅Two Raw Spread Accounts on offer |
Tickmill Copy Trading - 3/5
Yes, Tickmill offers copy trading and as a copier, you can connect your account to a Strategy Provider and copy their trades.
If you want to become a Strategy Provider on Tickmill, you need to open a trading account with $250 minimum balance, register & create a profile that others will see, then set your fee.
Strategy Providers on Tickmill can open multiple copy trading accounts then specify the one copiers will copy from.
Copy trading works on Tickmill MT4 & MT5 platforms but when trading stock CFDs, both copier & Strategy Provider need to be using MT5 accounts.
TickMill copy trading takes place in a social environment where you can interact with other traders hence it’s also called social trading.
Copy trading is not a guarantee of profits because SPs also make losses and their losses will reflect in the copiers account too.
Tickmill Account Management - 4.5/5
Base Currencies
Tickmill account base currencies are USD, EUR, GBP, & ZAR.
Tickmill Wallet
Yes, when you register & create a profile with Tickmill, an online wallet is created for you to warehouse your deposits.
The Tickmill wallet is not a trading account; when you want to trade you must perform an internal transfer from your wallet to your Mt4/5 trading account.
Changing Leverage on Tickmill Accounts
From your client area, you can change the leverage on your Tickmill trading account as may times as you wish. There is no restriction on how many times you can change leverge at Tickmill.
Number of Tickmill Accounts You Can Open
Tickmill allows you open 3 MT4, 3 MT5 and 1 TradingView account type.
Tickmill Negative Balance Protection
Tickmill Nigeria offers Negative Balance Protection to traders so that even if your account slips into negative due to excessive use of leverage & high volatility, Tickmill will bring your balance back to zero.
Account Opening Steps
- Go to Tickmill website and click on Create Account.
- select the account type
- Fill in your personal details
- Select your country of residence & verify your email.
- Select your nationality and fill in your residential address
- Create a password
- Select the identification document type and upload a picture of it.
- Review your information and confirm
Tickmill Fees -5/5
Before we start, take note that the spreads displayed on the Tickmill website are for the Raw Account only. Tickmill does not display the spread for their Classic Account.
1. Spread & Commission
Tickmill spread on the Classic Account is from 1.6 pips which is quite high.
The best deal comes on their Raw & TradingView Accounts where spreads start from 0.0 pips but you must pay a $3 per side commission per round trade..
2. Swap
Tickmill does not do swap-free trading, so you must pay an overnight fee for leaving your trades open till the next day/over a weekend.
3. Inactivity Fees
Tickmill does not charge an inactivity fee on dormant accounts.
If no trading activity is recorded on your Tickmill account for 60 consecutive days & your account balance is below $50, Tickmill will archive your account.
Archiving a forex trading account means deposits can no longer go into it, & the archived account disappears from your dashboard. Archived accounts will also lose their history.
Is Tickmill A Market Maker?
Yes, Tickmill acts as a Market Maker to forex & CFD trades but when you are trading Exchange Traded Derivatives like Stock Futures, Tickmill connects you directly to the source of the pricing.
Tickmill Platforms - 3.5/5
1. Tickmill MT4
MT4 on Tickmill comes with additional help by way of the Advanced Trading Tool Kit which when downloaded and plugged into MT4 gives added functionality and improves its performance.
All Tickmill account types also work on MT4 but spread pricing on MT4 is for the Raw Account only (and not the Classic Account).
2. TickMill MT5
Tickmill MT5 can be downloaded from their website & can be upgraded using the Tickmill Advanced Tool Kit.
If you intend to trade stock CFDs, you can only do so on Tickmill MT5. Also note that spread pricing on Tickmill MT5 reflects only the Raw Account spread.
3. Tickmill Mobile App
Tickmill has a mobile app called Tickmill Trader.
However, the app only works with the Tickmill Trader Raw Account.
4.TradingView
Tickmill UK allows you to connect to the TradingView charting platform and trade directly from the super charts they offer.
| 💻Trading Platform | ❓Availability |
| MT4 | Yes |
| MT5 | Yes |
| Proprietary Apps | Yes |
| cTrader | No |
| TradingView | Yes |
Tickmill Tools - 5/5
1. Advanced Trading Tool Kit
The Tickmill advanced trading tool kit is for MT4 & MT5 and contains downloadable plugins which make your MetaTrader more functional.
The Tickmill MT4/5 downloadable plugins include:
- Sentiment Trader
- Alarm Manager
- Mini Trade Terminal/Dashboard
- Figaro Trading Action
- Tick Chart Trader
- Figaro Chart
- Figaro Calculators
- Correlation Matrix
- Quick Videos on how to Install Tickmill Advanced Tools
2. Tickmill Calculator
Tickmill offers a forex calculator that helps you calculate your required margin, swap value, pip value & profit.
The calculator also include a currency converter which converts one currency to another at the current Tickmill market exchange rate.
3. Tickmill Earnings Calendar & Economic Calendar
The Tickmill Economic Calendar shows you the dates when important economic data such as NFP, PCE, PMI, Interest Rates, etc. will be released.
The Tickmill EArnings Calendar shows you the dates when listed companies will release their quarterly & yearly performance/earnings reports.
The release of of company earnings data can affect the stock price, so those who trade Equity CFDs always use this information to their advantage.
4. MT4/5 Acuity Trading Tool
This consists of a set of downloadable plugins that take market sentiment analysis to a whole new level. The Tickmill Acuity Trading Tool consists of the following:
- Market Sentiment Research Terminal
- Market Sentiment Alerts
- Linear Second Market Sentiment Display
- Sentiment Complex: plots a chart of market sentiment vs price for a better understanding
- Macro Economic Calendar: a more advanced economic calendar that integrates market sentiment
5. Capitalise ai Tool
Tickmill Capitalise.ai is a platform where you can build a forex trading robot even without using complex programming language. Capitalise.ai lets you build forex robots using simple English language thus simplifying the process.
Customer Support - 4/5
Tickmill customer support is 24/5 & unavailable during weekends.
Tickmill assigns Personal Account Managers to every account & this makes resolving issues faster.
Telephone support is available but is not toll-free.
Email response will take 24 hours but its faster to reach Tickmill through Live Chat.
Tickmill has education in both video and text format accessible from their website.| 🎧 Live Chat Support | Yes |
| 📧 Email Support | Yes |
| 📞 Telephone Support | Yes |
| 📖 Help Center | Yes |
| 👨 Personal Account Manager | Yes |
| 👩🏫 Academy | Yes |
Final Verdict - 8/10
Tickmill is one of our Best Forex Brokers in the UK for Beginners because they provide adequate trading tools to help any beginner learn how to trade.
Tickmill customer support is not as good as what competition offers but its above average and any serious trader should be able to cope.