Tickmill Information
Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options with three choices of trading accounts, which are the Classic, Raw, and Tickmill Trader Raw accounts. The available trading platforms include MetaTrader4/5 and Tickmill Trader.
What Type of Broker is Tickmill?
Tickmill operates as a no dealing desk (NDD) broker. This means that the broker doesn't take the other side of clients' trades but instead passes them on to liquidity providers. Tickmill offers both retail and institutional trading services and provides access to a wide range of financial instruments. They also offer various trading platforms and account types to suit different trading styles and needs.
Pros & Cons
Tickmill is a reputable and reliable broker that offers competitive trading conditions and a wide range of trading instruments. Its low spreads and fees, multiple account types, various trading platforms and rich tarding tools and educational resources are attractive to traders of all levels.
However, Tickmill is not available in all countries, and their customer support operates within specific working hours (Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time). It's important for potential users to verify these details ahead of registration.
Nevertheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.
Is Tickmill Safe?
Tickmill is a regulated broker that holds licenses from respected financial authorities, including
Financial Conduct Authority (FCA, No. 717270), Cyprus Securities and Exchange Commission (CYSEC, No. 278/15), Financial Sector Conduct Authority (FSCA, No. 49464), and Labuan Financial Services Authority (LFSA, No. MB/18/0028).
This indicates that it complies with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2014 and has gained a good reputation in the industry, which suggests that they are a legitimate broker.
How are You Protected?
Tickmill uses segregated accounts to keep client funds separate from its operational funds, which provides an additional layer of protection in case of the company's insolvency.
Tickmill also uses advanced security protocols and encryption technology to protect clients' personal and financial information.
The company also offers negative balance protection, which ensures that clients cannot lose more than their account balance, and it has a compensation scheme in place that can provide additional protection to eligible clients in case of the company's insolvency.
More details can be found in the table below:
Note that this table is not exhaustive and there may be other protections or security measures in place at Tickmill.
Our Conclusion on Tickmill Reliability:
Based on the information available, Tickmill appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Market Instruments
Tickmill is a comprehensive trading platform that offers a wide range financial instruments. Their offerings include over 60 forex currency pairs, more than 15 stock indices, 500+ stocks and ETFs, bonds, various commodities including precious metals and energies, cryptocurrencies, as well as futures and options such as S&P 500, DJIA, and NASDAQ. These options provide users with the flexibility to diversify their investment portfolio.
Account Type/Fees
Tickmill offers three account types, including Classic, Raw, and Tickmill Trader Raw.
All account types at Tickmill offer access to the same range of trading instruments. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law.
Prior to committing to various live trading accounts, clients have the option to explore Go Markets' offerings through the provided demo accounts, allowing them to familiarize themselves with the trading environment before engaging in real trading activities.
How to Open an Account?
Step 1: Register
Click on ‘Create account’. Enter your personal details and check your email for verification.
Step 2: Upload Documents
Submit your Proof of Identity and Proof of Address to complete registration.
Step 3: Fund and Choose Platform
Open a trading account, deposit to your Tickmill wallet, transfer funds from your Tickmill wallet to your live trading account and download the trading platform of your choice to start trading.
Leverage
Tickmill offers flexible leverage ranging from 1:1 to 1:1000, depending on the account type and the instrument traded.
Bear in mind that higher leverage levels increase the potential profits but also increase the potential losses, so it's important to use leverage carefully and manage risk appropriately.
Trading Platforms
Tickmill offers several trading platforms for its clients, including:
- MetaTrader 4 (MT4): This is a popular trading platform among forex traders due to its advanced charting capabilities, numerous technical indicators, and ability to run automated trading strategies.
- MetaTrader 5 (MT5): This is an upgraded version of MT4, offering additional features such as more timeframes, depth of market, and the ability to trade other instruments such as stocks and commodities.
- Tickmill Trader: This is a proprietary platform developed by Tickmill, offering a user-friendly interface, advanced charting tools, and the ability to trade directly from charts.
Overall, Tickmill's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
Copy Trading
Tickmill offers copy trading features. This allows less experienced traders to copy the trades of more experienced traders, potentially increasing their chances of making profitable trades. It's a strategy often used by new traders or those looking to diversify their trading. You can copy top traders on Tickmill's website.
Deposits & Withdrawals
Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Tickmill accepts payments via Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, and WebMoney.
It does not charge any fees for deposits or withdrawals. However, clients are advised to check with their payment providers for any transaction fees that may apply at their end. Most deposits are instant, while the typical withdrawal processing time is within 1 working day.
Minimum deposit requirement
As we have mentioned before, the minimum deposit with Tickmill is $/€/£/R100 for all account types.
Tickmill minimum deposit vs other brokers
Conclusion
Overall, Tickmill is a good option for traders who are looking for a reliable and transparent broker with competitive trading conditions. Some of the advantages of Tickmill include its strong regulatory framework, low trading fees, a wide range of trading instruments, multiple trading platforms, and excellent customer support.
It is particularly suitable for experienced traders who are looking for a broker that provides access to a variety of markets and trading instruments, as well as competitive trading conditions. Additionally, Tickmill's demo account allows traders to test their strategies and trading skills before investing real money.
2024 SkyLine Thailand
FX2179106401
Vietnam
As a Vietnamese trader, I had very high expectations for Tickmill, but my experience was utterly disappointing. The following section will detail the platform's issues based on actual data and personal experience. When trading gold against the US dollar (XAU/USD), the platform advertises spreads starting from 0.0 pips, but in reality, these spreads often spike abruptly. For example, during normal market liquidity periods (such as 10:00 AM Hong Kong time), the spread suddenly jumps from 0.6 pips to 3.2 pips without warning. We recorded five such abnormal fluctuations within a week, leading to an additional cost of approximately 15%. Avoid trading on this platform.
Exposure
4h
FX3831294706
India
टिकमिल के दुर्भावनापूर्ण स्प्रेड की वजह से मुझे 480,000 रुपये का नुकसान हुआ। जब भारतीय रिज़र्व बैंक ने अपनी ब्याज दर संबंधी घोषणा की, तो मैंने USD/INR पर 83.50 का स्टॉप-लॉस लगाया। बाज़ार अचानक पाँच सेकंड के लिए रुक गया, और जब वह संभला, तो उसने 83.80 पर एक ट्रेड दिखाया—30 अंकों की असामान्य गिरावट। इससे मुझे 60,000 रुपये का नुकसान हुआ, जो 2,000 मीटर सूती धागे की कीमत के बराबर है। मेरे 15 में से 11 ट्रेड 25 अंकों से ज़्यादा गिर गए, जिससे कुल 525,000 रुपये का नुकसान हुआ। हालाँकि, मैं ICICI बैंक के प्लेटफ़ॉर्म पर भी ट्रेडिंग कर रहा था, और स्प्रेड लगातार 5 अंकों के दायरे में रहा। सेबी की जाँच से पता चला कि टिकमिल भारत में पंजीकृत भी नहीं है; इसका तथाकथित "नियमन" केवल सेशेल्स FSA द्वारा किया जाता है—बिल्कुल दिल्ली की सड़कों पर नकली डिप्लोमा बेचने वालों की तरह। इस ब्रोकर पर मेरी तरह भरोसा मत करना।
Exposure
4h
FX2577613256
Indonesia
Tickmill's spreads can spike when Bank Indonesia (BI) announces interest rates. On the 15th, I traded USD/IDR. The spread, which is usually 10 pips, suddenly jumped to 55 pips after the central bank data was released. I immediately lost 6.6 million rupiah after placing the order. Withdrawals were even worse. I requested an 80 million rupiah withdrawal in March but only received 68 million rupiah by mid-April. They deducted a 'fund custody fee' of 15%. I asked to see the fee documentation, but they couldn't provide it, citing 'platform regulations.' BAPPEBTI's announcement stated that 'Tickmill operates without a license,' but I initially ignored it.
Exposure
5h
FX3376655131
Thailand
These people are clearly scammers! Friends in Thailand, if you have any money left, please withdraw it immediately and don't get involved with them. Tickmill's spreads can spike to shocking levels on nights when non-farm payroll numbers are announced. I was trading USD/MYR, where the spread is normally around 10, but suddenly it jumped to 45 points that day. I lost money after placing an order. The customer service team said, 'Non-farm payroll numbers are highly volatile, and the spread is normal.' But I asked my friends about three platforms they operate, and the spreads during non-farm payroll announcements were as high as 20 points. Withdrawals are also delayed. I requested a withdrawal of $10,000 on June 5. Customer service said, 'The funds will arrive within 5 business days,' but I didn't receive the $9,000 until July 10, and they deducted a 10% 'fund management fee.' I asked why the deduction was made and why they couldn't provide any clear terms—they just said 'platform regulations.' Don't believe Tickmill's propaganda!
Exposure
13h
FX3900122844
Malaysia
Tickmill's slippage only hurts profitable trades. It's disgusting! In the past 30 days, I've made 32 USD/MYR trades, and 19 of them saw slippage exceeding 25 pips, while the slippage on losing trades never exceeded 5 pips. When I was making a profit of RM2,800, USD/MYR suddenly gapped down 30 pips, triggering my stop-loss, wiping out all my profits and leaving me with a RM1,200 loss. It's so blatant. I checked the BNM website, and Tickmill doesn't have any forex trading registrations, yet customer service insists it's "regulated in Malaysia." I once asked for the regulatory number in Malay, but they hemmed and hawed, unable to produce it, and hung up on me. Now, I'm down to RM28,000 of the RM75,000 I had with Tickmill. Be wary of brokers like this.
Exposure
14h
FX1498690473
Indonesia
Tickmill has always had a good reputation in the Indonesian forex community, which attracted me to open an account. Their so-called "low spreads" are conditional, but their real killer feature is slippage! On the night of the non-farm payroll report, I placed a short position in gold with a stop-loss at 2640.5. After the release of the non-farm payroll data, gold prices skyrocketed. Normally, my stop-loss should have been triggered between 2641 and 2642, but the platform's transaction price was directly at 2645, a 4-point slip. My account was completely liquidated, with a loss of nearly $1,500! I took screenshots of the Reuters market data and the platform's transaction records at the time, and the two completely mismatched. I also placed the same position on other platforms (such as IC Markets and Pepperstone), and they executed at almost the same stop-loss price, while Tickmill's slipped by 4 points. If you're looking for a stable trading environment, Tickmill is definitely not the
Exposure
Two days ago
FX6500637832
Indonesia
During my time trading with Tickmill, slippage has become incredibly frequent. Market fluctuations are relatively stable, and trading should normally proceed smoothly. However, when I placed a buy order, the price I set was $1,850 per ounce, but the actual transaction price was $1,855 per ounce, resulting in a $5 slippage. Instead of making a profit, I actually suffered a loss. I initially thought it was just a fluke, but subsequent trades left me completely devastated. In one crude oil trade, I set a stop-loss price of $55 per barrel and a take-profit price of $60 per barrel. But when the market price quickly rose to $59 per barrel, I suddenly experienced abnormal slippage. Over the past month, at least 15 of my 20 trades have experienced varying degrees of slippage, with each trade resulting in an average loss of over $200. In total, I've lost over $3,000 due to slippage.
Exposure
Three days ago
FX2894154961
Malaysia
I'm extremely disappointed with Tickmill. They constantly boast about "ultra-fast execution" and "no requotes," which is the most ironic advertising slogan I've ever heard! In reality, their order execution issues are numerous! In volatile markets, submitting a market order often results in the platform "hanging," meaning the order remains stuck for several seconds, neither executed nor rejected. Furthermore, I experienced severe slippage. Every trade was executed at a significantly different price from my set price, and this deviation was always against me, leading to frequent unnecessary losses. My trading experience with Tickmill was extremely negative, and I strongly recommend that everyone carefully consider choosing a trading platform and avoid platforms with such numerous issues as Tickmill.
Exposure
Three days ago
FX3518188664
Indonesia
Slippage and margin calls on the Tickmill Forex platform are a double whammy of despair. I'm incredibly angry about your actions! During my time trading on this platform, I've been plagued by both slippage and margin calls, sinking into despair. Slippage haunts every trade like a ghost. In one GBP/JPY trade, the market was stable, but my order slipped by over 30 pips, resulting in significant losses from the outset. And when the market moved against me, the platform's malicious manipulation made me even more miserable. I reported the issue to the platform, but not only did they refuse to acknowledge their mistakes, they also verbally abused me. Tickmill, your treatment of investors has seriously disrupted the order of the forex market. I hope regulators will intervene swiftly and severely investigate you, so that victims like me can receive the compensation and justice they deserve.
Exposure
Three days ago
FX1639344691
Malaysia
The Tickmill forex platform is a complete black hole of fraud! Trading on this platform, I've experienced extremely severe slippage. It's like a dark hand, ruthlessly plundering my wealth. A few days ago, I traded the EUR/USD. During normal market fluctuations, I followed my established strategy and placed an order at a suitable price. However, the moment the trade was executed, the slippage was shocking. The price was far from my expected price, slipping by over 20 pips. This instantly turned a potentially profitable trade into a loss. When the market moved against me, the slippage became even worse, further exacerbating my losses. I've repeatedly reported this to the platform's customer service, but they've consistently offered various excuses, either blaming market fluctuations or simply refusing to respond. This frequent and severe slippage is no accident; it's malicious manipulation, allowing investors to profit at their own peril. Tickmill will undoubtedly be condemned by the mar
Exposure
Three days ago
FX2479314922
Thailand
Just two weeks after I deposited funds, they maliciously froze my account. The reason was as ridiculous as "suspected unusual trading." But I'd strictly followed the rules every time I traded. It was clear they were deliberately setting me up because I was making a profit! I submitted multiple requests for unfreezing, but customer service either read them but didn't respond or delayed with "under review." Over two weeks later, I still can't move a cent from my account. It's pure robbery! Even more disgusting is the slippage scam during trading. During the non-farm payroll data market, slippage can vary by dozens of points, making my stop-loss orders useless. I watched my principal disappear. When I asked the platform for an explanation, they turned the tables, accusing me of "lack of risk tolerance"! The promise of "low fees and no slippage" was completely deceptive. The screen was full of false advertising designed to lure investors into depositing funds.
Exposure
Three days ago
FX1831542402
Thailand
I'm extremely disappointed! Tickmill's leverage adjustments are completely inconsistent. They change it randomly and disregard the rules entirely! Initially, I opened a 10-lot Long position on gold with 1:200 leverage, and the system showed sufficient margin when I entered the trade. The next day, my account was closed. When I logged back in, the leverage had been changed to 1:50! I contacted customer service, and they simply said, 'Due to market volatility, we made a temporary adjustment.' I received no prior notification! I could have made a $5,000 profit from that trade, but because of this suspicious manipulation, I ended up losing $12,000. What's worse, they hid detailed adjustment logs so thoroughly that I couldn't even trace the date in the backend. It's clear they're setting traps for traders. This platform is a scam disguised under regulatory compliance, using fake tools to lure you into depositing money, then pulling it out when you're unprepared, and watching you fall while laughing at you.
Exposure
08-05
FX9881695820
Thailand
This mobile application runs very smoothly with a simple command interface. I can adjust the lot size just by swiping my finger and close positions anytime even offline. I particularly like the offline notification feature. After setting a stop-loss point, I receive alerts when the price reaches it even without an internet connection. However, there is occasional lag when switching between windows, especially when viewing time-based charts. I hope the next update will improve performance.
Neutral
08-05
FX1586130582
Thailand
The platform's built-in analytical tools are very useful, including a real-time economic calendar and a comprehensive set of technical indicators. I check the daily market summary before the market opens to quickly grasp the day's key data. The multi-timeframe comparison feature is excellent, allowing you to view trends on both 4-hour and 1-hour charts simultaneously. However, some advanced indicators require a paid subscription, making the free version sufficient but not comprehensive, which is quite disappointing for professional traders.
Neutral
08-05
FX2724309557
Thailand
Tickmill's account statement is very detailed. You will not only see the details of profits and losses, but also be able to calculate various data such as win rate and average holding time.
Positive
08-05
FX4078119370
Thailand
Tickmill offers highly flexible leverage options, ranging from 1:100 to 1:500 for forex and 1:100 for gold. For someone like me who enjoys adjusting positions based on market conditions, this platform is very user-friendly. I initially used 1:100 when I was practicing and gradually increased it to 1:300 as my capital grew. This method proved highly effective for risk management. However, adjusting leverage requires a one-day advance notice and does not take effect immediately. I once needed to change leverage at the last minute but ran out of time. I’d like to see an improvement allowing instant adjustments.
Positive
08-05
FX2987162943
Thailand
The most user-friendly experience when trading with Tickmill is speed, especially for day trading. Market orders are executed almost instantly with minimal delay. During the latest Non-Farm Payroll data release, I placed three simultaneous orders for Europe and the US, all of which were executed at prices very close to my expectations with no slippage. However, during extreme market conditions, such as the sudden volatility of the Swiss Franc, one sell order was delayed by 0.5 seconds, but fortunately, the impact was minimal. Overall, this execution speed is considered the best among similar platforms, making it very easy to use for traders looking to take advantage of spreads.
Positive
08-05
蔡菲特
Taiwan
Overall, it is very convenient, with diverse channels for deposit and withdrawal payments, which are relatively fast and convenient.
Positive
07-04
FX4214231413
Indonesia
Tickmill is my recommended broker because I have never had any problems trading with Tickmill. There are no hedging restrictions, averaging and news trading are allowed. This is very supportive for a comfortable trading environment, supported by trusted regulations, fast deposits and withdrawals, all the things a trader wants, Tickmill covers it all.
Positive
06-23
FX1285524362
Indonesia
Tickmill broker is the number one best broker that provides the best trading experience. Starting from thin spreads, dynamic leverage and execution without requotes. Withdrawals are also lightning fast
Positive
06-23
FX1073899764
Iraq
I would like to draw your attention to a troubling experience with the broker Tickmill concerning their “Welcome Bonus” offer: 1. A welcome bonus account was opened and the advertised USD 30 bonus was credited. 2. After successful trading, the account balance grew to USD 130. 3. A minor discrepancy in the name on the bonus account prompted me to contact support, and I was explicitly informed that this issue could be overlooked and would not affect my ability to withdraw profits. 4. Despite this assurance, the bonus account was abruptly disabled without prior notice, citing a “breach of terms and conditions” but providing no details about which rule was violated or any opportunity for clarification. This sequence of events suggests a practice of attracting traders with a bonus, allowing them to trade profitably, and then closing the account on vague grounds to keep the profits.
Exposure
06-06
AlfredoRomero
Argentina
It is an excellent Broker, it has good commissions and fast withdrawals. In addition, it has good customer support for any inconvenience that may arise.
Positive
06-05
vicky3118
United Kingdom
I requested withdrawal from Tickmill and in less than 5 hours just have they promised, I received my money in my bank account. Never experienced such fast withdrawal from a forex broker before. I am delighted for real.
Positive
06-05