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TickMill Review, Rating and Comparison

TickMill Review - is scam or good forex broker?

RATING: 4 / 12 REVIEWS ForexBrokerz TickMill

Trading Accounts


Account type Minimum deposit  Minimum trade size Maximum leverage Spreads (& Commission)
Classic $100 0.01 1:30 From 1.6 pips
Pro $100 0.01 1:30 0.2 pips + $4 / Lot*


*Commission is calculated per standard lot of 100 000 units round trip.


TickMill offers 2 basic account types, all of which are accessible through the popular MetaTrader 4 platform and offer market execution with average speed of 0.3 seconds, variable spreads, leverage up to 1:30 and micro tradeable lots. The Classic account is commission-free, while Pro ECN account holders are charged with a small commission fee and get tighter spreads.


For big players with minimum account balance of $50 000 who want more personalized approach and lower commission fees the broker offers VIP accounts.


Personal multi account manager accounts are also available with Tickmill. The MAM program allows professional Money Managers (with minimum $5,000 deposit at least) to trade on behalf of their clients. A Money Manager can easily execute block trades on all accounts with his single master account.


What is more, Islamic accounts are also available to clients who don’t want to earn interest for religious reasons. These accounts are swap-free and Sharia-compliant.


The Company. Security of Funds


Company  Country  Regulation
Tmill UK Limited UK FCA

 Set up in 2014,TickMill is an electronic communication network (ECN) and no-dealing desk (NDD) broker, which offers trading in diverse financial instruments, including 62 currency pairs, 15 stock indices, WTI, precious metals, and bonds.


TickMill is a registered business name of Tmill UK Limited, a company authorised and regulated by the Financial Conduct Authority (FCA). 


The UK’s FCA is one of the most reputable financial watchdogs worldwide. FCA-regulated brokers must keep client funds in segregated accounts, separated from the companies operating funds. They also are required to maintain net tangible assets amounting to at least €730 000 as a proof of their financial stability. Moreover, UK brokers they have to comply with ESMA’s rules on leverage, trading incentives, provision of negative balance protection, and more. It seems that most of these rules will apply even after UK's exit from the European Union.


What is more, clients of UK brokers are covered the Financial Services Compensation Scheme (FSCS). In the event of a company insolvency, FSCS is able pay compensation up to a maximum of £50,000 per person per regulated entity. Eligibility depends on the status and the nature of the claim.


The broker also has an offshore entity - Tickmill Ltd., registered on the  Seychelles. It operates via the website. 


Trading Conditions


Minimum Initial Deposit

You may start trading with TickMill with $100, which is an attractive offer, especially when it comes from a FCA-licensed broker. 


Average spreads & Commissions

TickMill offers floating spreads, which vary by account category. The ones on the commission-free Classic account are above 1.6 pips on EUR/USD, which is not a competitive pricing.


As regards ECN accounts, the broker cites as typical a spread of 0.2 pips on EUR/USD, and a commission of $4 per lot (round trip) applies. So, average cost of trading per lot for the EUR/USD pair on these accounts is below 1.0 pips, which is an excellent offer. For further information, you may look up and compare real-time spreads of 15 leading brokers



The maximum leverage rates at TickMill are up to 1:30, in line with the applicable regulatory requirements.Clients of the offshore firm are able to use leverage levels as high as 1:500 and also benefit from some trading incentives, however they lose all the perks of using a FCA- licensed broker (the negative balance protection, the FSCS coverage and more).


Trading Platforms


Like most forex brokers, TickMill supports the MetaTrader4 (MT4) platform, available for Mac/Windows PC, Android & iOS devices and as a web-based version.


MT4 has been holding the title of the most popular Forex trading terminal since 2005 and continues to be preferred by most investors and brokerages. It has a user-friendly interface, and offers all a trader needs: advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). 


What is more, TickMill has partnered with MyFXBook to offer its clients advanced automatic trading options via the AutoTrade platform.


VPS service is also available with this broker, so that traders can install their favorite EA applications and have them running around the clock without requiring their PC to be on. Beeks VPS costs £20.00 (ex. VAT) per month.


Methods of Payment


Clients of TickMill are able to choose from a wide range of payment methods: via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, dotpay, and Sofort.






TickMill is a reputable UK-based forex and CFD broker with strong regulation and attractive trading conditions. We especially like its ECN offerings. To sum things up:


Pros                                                                                      Cons
FCA regulation No choice of trading platforms
ECN trading environment available with competitive pricing  
Attractive spreads on Pro accounts  
MT4 available  


Latest news about TickMill
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for TickMill
















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Inflexible client services

In Tickmill the client services are very inflexible. The client services personnel are somewhat like robots - very insensitive to clients. A very good indicator that if their clients have concern they will be indifferent! Please if you read this comments have a second thought before joining this broker...

Franco 09/02/2019

Tickmill has broven to be trustworthy.

I got into trading Forex to support my husband, he refused to allow me get a job but i always have to make my own money i do not like to be idle so i got into Forex and a friend recommended tickmill so i got an account, it's been six months since i started and through out this period i have made 5 successful withdrawals with no complains whatsoever. The friend that recommended this platform also recommended the strategy to use with it and it called the Fib Fusion strategy it works perfectly and i am glad i bring in thousands of dollars to the home and my husband is so happy with my decision. I am thankful Tickmill please do not change.

patricia felitaf 07/11/2019

Tickmill Promotion

Tickmill offer USD30 and they indicate wellcome bonus.not properly and clearly express.2ndly this bonus can be used until USD100.Then the tricky part you need open life account deposit USD100 then e-mail welcome and life account no then they will approved the profit.First we do trading hard way until USD100 then you take back.You all think we ASIA stupied

ganesan 03/29/2019

Not allowing to withdraw profit

I contacted them in 28 emails for past 2 weeks, but not allowing to withdraw my profit.

Dr. Sriranganathan Darshanan 12/19/2018

how to make @ deposit into my acc.

In my account l dont have an option for a deposit, so lam not sure hw to deposit.

andrew 06/17/2017

Review for TickMill

I have been had an account with them for 6 months. Good broker with tight spreads and many different trading tools. There was a problem with my docs, but my manager solved it very quick. They offer deep analytics and signals. Also has some regulators and licenses.

Andrew 02/20/2017

Great broker with SWAP-FREE account

I use their Swap-free account absolutely free of charge. Its a first time I use broker which doesn't charge alternative fee instead of swaps. It is a really gift for my trading strategy because now I can make risk-free profit!
Excellent broker with exceptional trading conditions A+++

sameer ahmad 10/11/2016

it is rare too see high quality offshore brokers

I have been trading with Tickmill nearly around 7months with their classic account
I have gone through some profits and losess in my trading account.
I can say they are really have good spreads start from 1.2pips for EURUSD in their classic account.

I think their trading platform for offshore broker are really awesome, and I noticed in 7months I trade with Tickmill, I never has disconnecting problem, or freezing chart problem.
Customer services are polite. Wide range payment methods, including famous e-payment methods in my country.
however they have issue with their regulation, and I’d like to see in near future if they consider add more regulation . and sadly they do not have swap free account.

Anders Bratajaya 02/03/2016

Satisfied with their services

Opened an ECN account with them and deposit small amount , $100 to test their executions.
my plan was do news trade with this broker,because they claimed as ECN .

To be honest, my news trade was executed perfectly. their spreads when news were litlle bit high , around 1.2-2 pips when news, but no problem,. as long as my trade executed fairly.

made some profits and some losses, got 40% profits, and decide to withdraw my profits, and recieved it fast in my skrill account.

Good broker with good services. they are fair and not mess with your account with you made some profits

Abimanyu 01/22/2016

Good Experience with Good Broker

I have a ECN account with them.
The execution is fast and the spread is very good, Never had an issue with trading , like delayed order, freezing chart , or any other problems that usually happen with another brokers, if you are a news trader, you need to adjust your stoploss with their widening spreads.

depositing money in any brokers are always smooth ,however Tickmill withdrawing process is fast.
A good forex broker with good attitude so far.

Luthfan Ardiansyah 01/15/2016

their chart are awesome

opened live ECN account with tickmill to test their features

Check their average spreads : it is good , really low spreads if we compare with another brokers.rarely got bigger spreads than 2.0 pips

Check their swaps rate : It is awesome,not too high in their negative side, and not too low in their positive side. good ECN Brokers for long term trading

Normal leverage : nothing special.

Check their trading instruments, well what i can say they offer a lot of instruments, some index and minos, which is good,so traders have options to trade with which instruments

Withdrawal speed and support : cannot ask more,. its fast and professional

Sinu 12/21/2015

Good Broker

open ECN USD account with Tickmill and AUD account at other brokers with free swap
So i can sold my USD and buy AUD in other broker. which is can bring me double profit- from swap and rates change.

back to the topic.
i have 2 months open one single Buy AUD USD positions with Tickmill, and they are not email me and told me to close my positions like what my past brokers do.

it is really they are allow all trading conditions.

Keep up your professionalism work Tickmill

Sunarto 12/03/2015

Opened ECN Pro account with 2K deposit. Verification, top-up, everything is fine so far. Lets see how it goes with Tickmill

turay marz 11/14/2015

my experience with tickmill

my trading style is to put all of my balance in one trading. that is why i only deposit as low as possible and take profit as much as possible. and market only need move 50.0-100.0 pips against my open trade before i got stop out other broker ban my trading style. i do not know why. and some of other let me do my style and delete my profit after that. which is unfair. In my tickmill classic account, i can trading using my style without any problem. they accept my style.and have no problem withdrawing my profit

riza 10/27/2015
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