Tickmill
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 25
- Trading platforms
- Payment systems
Features
- Islamic (swap-free) accounts
- Segregated client accounts
- ECN account type
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- Regulated by the UK's FCA
- Fast withdrawal processing
- Fast execution with tight spreads
- English-language customer support
Cons
- Reports of frequent slippage
Updated:
Tickmill is a forex and CFD broker built on an STP/NDD/DMA execution model, with spreads from 0 pips and leverage up to 1:500. Its UK entity, Tickmill UK Ltd, holds FCA license number 717270, while a separate Tickmill entity is registered with the Seychelles Financial Services Authority as a securities dealer under license SD008. Accounts open with a $25 minimum deposit and include Islamic (swap-free) and segregated-fund options across more than 80 instruments.
Tickmill is an ECN/STP forex and CFD broker offering segregated and Islamic accounts, a $25 minimum deposit, and spreads from 0 pips.
Overview
Tickmill is a forex and CFD broker built on an STP/NDD/DMA (Straight Through Processing / No Dealing Desk / Direct Market Access) execution model, giving clients direct market access without dealing-desk intervention. The broker won "Best ECN/STP Broker" and "Most Reliable Forex Broker" at the 2016 China Forex Expo.
Regulation and Fund Safety
Tickmill's UK entity, Tickmill UK Ltd, is authorised by the Financial Conduct Authority (FCA) under license number 717270. A separate Tickmill entity is registered with the Seychelles Financial Services Authority as a securities dealer under license SD008.
Client accounts are held on a segregated basis, and Tickmill states customer funds are insured for up to £50,000 if the company becomes insolvent. The broker does not offer negative balance protection, so losses can exceed the account balance in fast-moving markets.
Trading Conditions
Spreads start from 0 pips and leverage of up to 1:500 is available. Tickmill lists 62 currency pairs plus precious metals and CFDs on oil and stock indexes, for more than 80 tradable instruments in total. Orders use instant execution, and the broker permits scalping, hedging, and arbitrage strategies.
Accounts and Services
- Minimum deposit of $25
- Islamic (swap-free) accounts
- Multi-currency accounts in USD, EUR, GBP, and PLN
- VIP conditions for balances from $50,000
- Free VPS server access for uninterrupted trading
- No fees on deposits or withdrawals, with withdrawals processed in 1 to 8 days
- Weekly demo-account trading contests with a $1,000 prize
- An affiliate/partner program
Platform
Tickmill runs on MetaTrader 4, supporting scalping, hedging, and arbitrage across its account types.
Bottom Line
Tickmill pairs FCA regulation in the UK with an offshore Seychelles entity, so the choice of entity changes the level of protection: Tickmill UK Ltd carries FCA safeguards, while the Seychelles entity does not. Factor in the lack of negative balance protection when managing risk.
