TickMill Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this TickMill Review.

TickMill Review

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 1:500 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
Tickmill Ltd. Seychelles FSA

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, 16 CFDs as well as Gold and Silver. The broker is actively present in Asia, the Middle East and Africa.

TickMill is a registered business name of Tmill UK Limited, a company authorised and regulated by the Financial Conduct Authority (FCA). It also has a sister company offshore, registered with the Seychelles’ FSA.

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.

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.

Trading Conditions

Minimum Initial Deposit

You may start trading with TickMill with $25, 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.

In comparison, leading UK broker FxPro offers average spreads as low as 0.4 pips on the EUR/USD for its cTrader (ECN) accounts and charges $4.5 per lot. 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 1:500. Such leverage is considered comparatively high, although many other FCA-regulated brokers offer similar leverage rates. For instance, FxPro also provides leverage up to 1:500. You may check out a list of forex brokers that offer leverage levels equal to or exceeding 1:500 here.

Please, be advised that investing in over-the-counter derivatives with high leverage involves significant risks. That is why FCA has recently proposed a leverage cap of 1:50.

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, FasaPay, dotpay, and China Union Pay.

TickMill is a reputable forex and CFD broker with strong regulation, diversified product portfolio and attractive trading conditions. We especially like its ECN offerings.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

TickMill Review Conclusion

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