Global Forex Broker Regulatory Inquiry APP


7.72 /10


United Kingdom

5-10 years

Regulated in United Kingdom

Market Making(MM)

MT4/5 full license

Global Business

High potential risk


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License Index 8.88
Business Index 7.60
Risk Management Index 0.00
Software Index 9.38
Regulatory Index 8.86
The WikiFX Score of this broker is reduced because of too many complaints!
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Regulatory disclosure


"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
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Contact number


+852 5808 2921


+60 16 299 9449


+44 203 608 6100

Broker Information


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WikiFX Risk Alerts
Previous Detection : 2023-05-31
  • The number of the complaints received by WikiFX have reached 34 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Tickmill · Benchmark
Average transaction speed(ms)
The highest transaction speed(ms)
2 Perfect
The highest speed of opening positions(ms)
2 Perfect
The highest speed of closing position(ms)
2 Perfect
The lowest speed of opening positions(ms)
1985 Poor
The lowest speed of closing position(ms)
Ranking: 65 / 121
Test user 2,738
Transactions 31,838
Ocuppied margin $3,647,716 USD
Data Source WikiFX Data provide
Updated: 2023-05-30 01:05:00
Pyramid scheme complaint
Unable to withdraw

morally despicable thieves

Don't sign up with this investment company, they will make you put money into your account without a chance to withdraw. I did everything they asked but they kept changing how much they wanted me to pay upfront for the loan The report made out to the fintrack/org authority set in motion the chain of actions that saw my investment returned. Tickmill is a scam because even after paying for the loan and tax, they tried to hold onto my investment.

2022-06-24 12:26
Severe Slippage

Severe slippage of 25 points caused losses of more than 1000 dollars due to tickmill's errors and manipulation

My name is Cristian MiLlan Briceño GONZAGA. My email is opened an account in this broker. I started trading in a vip account and I started noticing some strange things. For example, this account is ZERO SPREAD but when you trade of 20 lots or more, it would put you 10 or 15 points below or above to a large floating loss. According to these subjects, if you buy, and the stop loss at 1.10250, and they stoped at 1.10263. So it is dangerous to trade with this broker. They never took responsibility. It's a nice broker but with this they turned it into a total scam. The stop loss was 24 points and the lot was 16. Can you imagine there are 384 dollars of sliding only in 1 operation. This is fatal ...... A THREAT TO ANY TRADER ..... SUPPORT NEVER ANSWERED MESSAGES They went with my 1000 dollars or more and on top of that if they charged me spread I have videos of that.

2023-05-04 12:15

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Dubai
    • 448***
    • EURAUD
    • 05-30 23:22:21
    • London
    • 919***
    • AUDNZD
    • 05-30 18:30:01
    • Taipei
    • 699***
    • AUDNZD
    • 05-30 18:30:00

    Stop Out


    Stop Out Symbol Distribution

    6 months

    Tickmill · Company summary
    Tickmill Review Summary in 10 Points
    Founded 2014
    Headquarters London, UK
    Regulation FCA, CySEC, FSA
    Market Instruments forex, stock indices, commodities, and bonds
    Demo Account Available
    Leverage 1:500 (forex) / 1:20 (stock)
    EUR/USD Spread 1.6 pips
    Trading Platforms MT4, MT5
    Minimum deposit $/€/£100
    Customer Support 24/5 email, phone, live chat, and social media

    What is Tickmill?

    Tickmill is a global forex and CFD broker established in 2014, headquartered in London, UK. The broker is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Seychelles Financial Services Authority (FSA). Tickmill offers trading in forex, indices, commodities, and shares, and provides clients with a choice of three trading accounts, which are the Classic account, the Pro account, and the VIP account. The minimum deposit requirement is $100 for the Classic account and $50,000 for the VIP account. Tickmill also offers MetaTrader4 and 5 platforms for trading, as well as a range of trading tools and educational resources.

    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.

    Tickmill's website

    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, and various trading platforms are attractive to traders of all levels.

    However, the limited product offerings for cryptocurrency trading and the lack of educational materials may be a disadvantage for some traders. Also, Tickmill is not available for traders in certain countries, which may limit its accessibility for some users.

    Nonetheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.

    Pros Cons
    • Regulated by multiple reputable authorities • No social trading features
    • Tight spreads and low commissions • Limited product offerings
    • Wide range of trading platforms • No fixed spread accounts
    • Access to a variety of markets • Limited educational resources
    • Negative balance protection • No 24/7 customer support
    • Multiple account types to suit different traders • No cryptocurrency deposits or withdrawals

    Is Tickmill Safe or Scam?

    Tickmill is a regulated broker that holds licenses from respected financial authorities, such as the FCA, CySEC, and the Seychelles FSA. This indicates that they comply with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2015 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:

    Protection Measure Detail
    Regulation FCA, CySEC, FSCA
    Segregated Accounts Client funds are held in segregated accounts, separated from the company's operating funds
    Negative Balance Protection Ensuring clients' accounts cannot go below zero
    Investor Compensation Scheme Clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person in the event of the broker's insolvency
    SSL Encryption Protecting clients' personal and financial information from unauthorized access
    Two-Factor Authentication To add an extra layer of security to clients' accounts
    Anti-Money Laundering Policy To prevent money laundering and other illegal activities
    Privacy Policy Ensuring clients' personal information is kept confidential and used only for legitimate purposes

    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 offers a variety of trading instruments across different asset classes, including:

    • Forex: More than 60 currency pairs, including majors, minors, and exotics.

    • Stock indices: CFDs on global stock indices such as US 500, UK 100, and Japan 225.

    • Commodities: Spot CFDs on metals like gold and silver, energy products such as oil and gas, and agricultural products like wheat and corn.

    • Bonds: CFDs on government bonds like US 10-year Treasury Note and Euro Bund.

    • Cryptocurrencies: CFDs on popular digital currencies such as Bitcoin, Ethereum, and Litecoin.

    Market Instruments


    Tickmill offers its clients a range of account types designed to suit different trading styles and preferences. Here are the account types available at Tickmill:

    Classic Account: The Classic Account is suitable for new traders who want to experience real trading conditions with a low deposit.

    Pro Account: The Pro Account is designed for more experienced traders who require tighter spreads and lower trading costs.

    VIP Account: The VIP Account is suitable for high net worth individuals and institutional traders who require premium trading conditions.

    The minimum deposit requirement is $100 for Classic and Pro accounts while not specified on the VIP account.

    Account Types

    All account types at Tickmill offer access to the same range of trading instruments, including Forex, CFDs, and commodities. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law.

    How to open an account?

    Margin & Leverage

    The margin carries a requirement of 0.2%, and it is the amount of minimum deposit money that the user needs to make to conduct leveraged trading in the financial market. The required margin is estimated by multiplying the size of the position by the margin requirement. Upon closing the Tickmill trading position, the margin amount gets credited back to the account of the users.

    Tickmill offers different maximum leverage levels depending on the account type and the instrument traded. The maximum leverage available for forex trading is 1:500 for professional clients and 1:30 for retail clients. For CFDs on indices and commodities, the maximum leverage is 1:200 for professional clients and 1:20 for retail clients.

    It's important to note 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.

    Spreads & Commissions

    Tickmill offers different account types with different spread and commission structures. Specifically, clients on the Classic account have spread from 1.6 pips with no commission charged, the Pro account has spread from 0.0 pips with a commission of 2 per side per 100,000 traded, and the VIP account has spread from 0.0 pips with a commission of 1 per side per 100,000 traded.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    Tickmill 1.6 pips $0
    IG 0.6 pips $0
    XM 0.1 pips $7 per lot
    Pepperstone 0.16 pips $0
    IC Markets 0.1 pips $7 per lot
    eToro 1.0 pips $0

    Note: Spreads can vary depending on market conditions and volatility.

    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.

    MT4 VS MT5
    • WebTrader: This is a browser-based platform that allows clients to trade directly from their web browser without needing to download any software.

    • 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. See the trading platform comparison table below:

    Broker MT4 MT5 cTrader Own Platform Mobile App
    Tickmill Yes Yes No Yes Yes
    IG Yes No No Yes Yes
    XM Yes Yes No Yes Yes
    Pepperstone Yes Yes Yes No Yes
    IC Markets Yes Yes Yes No Yes
    eToro No No No Yes Yes

    Deposits & Withdrawals

    Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Obviously, regulated brokers adhere to best practices and are regulated by their authority in terms of money management.

    Tickmill offers various deposit and withdrawal methods to its clients. The available methods may vary depending on the client's country of residence. Here are the most common methods:

    Payment Options:

    • Bank wire transfer

    • Crypto payments

    • Credit/debit cards (Visa, Mastercard)

    • Skrill

    • Neteller

    • Sticpay

    • FasaPay

    • Union Pay

    • Web Money

    Payment Options1
    Payment Options2
    Payment Options3

    Tickmill 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 $/€/£100 for the Classic and Pro accounts, while the higher-grade VIP accounts will require more money of up to $/€/£50,000, as designed for traders with experience.

    Tickmill minimum deposit vs other brokers

    Tickmill Most other
    Minimum Deposit $/€/£100 $/€/£100

    Tickmill Money Withdrawal

    To withdraw funds from your Tickmill account, you need to follow these steps:

    Step 1: Log in to your Tickmill Client Area.

    Step 2: Select the “Withdraw Funds” option under the “Deposit & Withdraw” tab.

    Step 3: Choose the payment method you want to use for withdrawal.

    Step 4: Enter the amount you wish to withdraw.

    Step 5: Fill out any necessary information related to your selected payment method.

    Step 6: Submit your withdrawal request.

    Once your withdrawal request is approved, the funds will be transferred to your selected payment method.


    Tickmill does not charge deposit and withdrawal fees, but fees may be incurred by the payment method used. Also, inactivity fees of $10 per month are charged on accounts that have been inactive for over six consecutive months.

    • Fees are overall good and competitive. See the fee comparison table below:

    Broker Deposit Fee Withdrawal Fee Inactivity Fee
    Tickmill Free Free $10/month
    IG Free Free $18/month
    XM Free Free $5/month
    Pepperstone Free Free $0
    IC Markets Free Free $0
    eToro Conversion fee $5 $10/month

    Customer Service

    Tickmill offers customer support services to its clients via various channels, including email, phone, live chat, and social media. The broker has a multilingual customer support team that provides assistance in several languages, including English, Spanish, Italian, Chinese, and more.

    Customer Service1
    Customer Service2
    Customer Service3
    social media

    Tickmill's customer service has received positive feedback from traders for its prompt and helpful responses. The broker also provides an extensive FAQ section on its website, which addresses various queries related to trading, accounts, and other services.


    One of the notable aspects of Tickmill's customer support is the availability of personalized account managers for VIP clients. These managers provide specialized support and advice to help clients make better trading decisions.

    Overall, Tickmill's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Pros Cons
    • 24/5 customer support • No 24/7 customer support
    • Multiple contact options, including phone, email, and live chat • Limited multilingual support
    • Fast response • No phone support for some countries
    • Helpful and knowledgeable representatives • Limited educational resources for customer support

    Note: These pros and cons are subjective and may vary depending on the individual's experience with Tickmill's customer service.


    Tickmill offers various educational resources to its clients, including webinars, video tutorials, eBooks, and articles. The broker also provides a detailed economic calendar and market analysis to help traders stay informed about market developments.

    Tickmill's educational offerings have received positive reviews from traders, who appreciate the range of resources available and the quality of the content. However, some traders have noted that the educational materials may be more geared towards intermediate or advanced traders, and beginners may find it difficult to navigate.

    In summary, Tickmill's education resources can be seen as a strength, as the broker offers a wide range of educational materials to help traders improve their skills and knowledge. However, there may be room for improvement in terms of catering to traders of all levels, particularly beginners.


    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.

    Frequently Asked Questions (FAQs)

    Q 1: Is Tickmill regulated?
    A 1: Yes. It is regulated by FCA, CySEC, and FSA.
    Q 2: At Tickmill, are there any regional restrictions for traders?
    A 2: Yes. The services of Tickmill and the information on this site are not directed at citizens/residents of the United States and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
    Q 3: Does Tickmill offer demo accounts?
    A 3: Yes.
    Q 4: Does Tickmill offer the industry-standard MT4 & MT5?
    A 4: Yes. Both MT4 and MT5 are available.
    Q 5: What is the minimum deposit for Tickmill?
    A 5: The minimum initial deposit to open an account is $/€/£100.
    Q 6: Is Tickmill a good broker for beginners?
    A 6: Yes. It is a good choice for beginners because Tickmill is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.


    EUR/USD Forecast: Potential Rise Ahead!

    NewsEUR/USD Forecast: Potential Rise Ahead!

    2023-05-29 18:05

    EUR/USD is staying in consolidation above 1.0759 temporary low and intraday bias stays neutral. Deeper decline is expected as long as 1.0903 resistance holds.

    2023-05-29 18:05
    EUR/USD Forecast: Potential Rise Ahead!
    Tickmill opens  new  office in Dubai under DFSA Regulation

    NewsTickmill opens new office in Dubai under DFSA Regulation

    2023-05-08 20:46

    Tickmill, a global forex and CFD broker, has announced the launch of its new Dubai office, which will operate under the regulatory framework of the Dubai Financial Services Authority (DFSA).

    2023-05-08 20:46
    Tickmill opens  new  office in Dubai under DFSA Regulation
    US GDP Falls Short of Expectations and Inflation Rises: A Closer Look at the Numbers

    NewsUS GDP Falls Short of Expectations and Inflation Rises: A Closer Look at the Numbers

    2023-05-07 09:51

    Gross domestic product (GDP) in the United States represents the total aggregate output of the U.S. economy. It is important to keep in mind that the GDP figures, as reported to investors, are already adjusted for inflation.

    2023-05-07 09:51
    US GDP Falls Short of Expectations and Inflation Rises: A Closer Look at the Numbers
    Market Spotlight: Australia/China Relations Improving As Barley Dispute Ends

    NewsMarket Spotlight: Australia/China Relations Improving As Barley Dispute Ends

    2023-04-13 17:25

    An agreement was reached between Australia and China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners.

    2023-04-13 17:25
    Market Spotlight: Australia/China Relations Improving As Barley Dispute Ends

    User Reviews

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    Write a review

    more than one year
    Trading with Tickmill truly gives me lots of confident, its charting tools are very stable and accurate. Multiple payment methods are supported. BTW, withdrawals have no problems averagely.
    2023-02-20 09:57
    more than one year
    Looking at the numerous complaints on the tickmill website, I'm pretty sure anyone in their right mind would kill off the idea of investing here.
    2023-02-14 10:17
    Ricci Leonardo
    more than one year
    VERY NICE BROKER! If there are ten stars, I will light them all up without hesitation! Whether demo trading or real trading, my experience here is good. There has been no slippage, the execution speed is fast, and the customer service is professional! Respect!
    2023-02-13 16:43
    more than one year
    I've been trading for many years, and my experience is great! Tickmill has witnessed my Forex trading career, from a novice who does not understand anything to an experienced expert now. I am happy to meet them, and I recommend everyone to try it! Trading assets are super rich, transaction costs are super low, and Metatrader platforms are also super friendly to novices!
    2023-01-31 10:00
    more than one year
    The deposit has been remitted. Then the system shows Pending, and an hour later shows Rejected. The transferred funds cannot be retrieved now
    2023-01-01 00:12
    more than one year
    I have traded with them for many years, I have always trusted them, and the trading experience is super pleasant. I strongly recommend everyone to try this broker, the deposit amount is only 100 US dollars, the trading conditions are super good, and the customer service is super professional and patient!
    2022-12-14 18:36
    Tickmill is a big brand trader, supervised by many institutions, I have used this platform many times, and it is a reliable trader. The spread is very narrow, the order execution is also very fast, and the customer is very professional, helping me to withdraw money quickly. Five-star recommendation!
    2022-12-13 09:54
    As WikiFx rate this broker, it'll be very reliable
    2022-12-09 15:06
    2022-10-13 03:27
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