Tickmill Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Based on our comprehensive review of Tickmill, we recommend it as a high-quality choice for traders interested in forex and CFDs. Our testing shows that Tickmill's offerings, especially in terms of commissions and fees, are well-suited to both novice and experienced traders.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Very Low Spreads: Tickmill provides exceptionally low average spread costs for the EUR/USD pair at just 0.51, making it an extraordinarily cost-effective option for traders.
- Regulatory Trust: Tickmill is authorized by both the U.K.'s Financial Conduct Authority and under MiFID, adding a high level of regulatory trust.
- Superb MetaTrader Integration: Offers both MetaTrader 4 and 5, along with numerous add-ons to differentiate itself from other MetaTrader brokers.
Cons
- Limited Asset Variety: The offering of investments is less diverse with only 63 forex pairs and 725 tradeable symbols.
- No Proprietary Platform: Lacks a proprietary platform, which might be a drawback for traders looking for a unique trading experience.
Ratings Summary
- Investment Types - 7.0/10
- Commissions & Fees - 10/10
- Trading platforms - 8.0/10
- Research - 8.0/10
- Mobile Apps - 7.5/10
- Education - 7.5/10
- Overall - 8.2/10
Can I trust Tickmill?
Yes, Tickmill is a trustworthy broker as it is regulated under MiFID and authorized by the Financial Conduct Authority in the U.K. Additionally, Tickmill's trust score of 83, categorized it as "Trusted," according to data from ForexBrokers.com.
Tickmill is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - Financial Sector Conduct Authority (FSCA), and the Dubai Financial Services Authority (DFSA)
- Tier-3 Regulators - None
- Tier-4 Regulators - Financial Services Authority (FSA)
Is Tickmill good for beginners?
Absolutely, Tickmill is an excellent choice for beginners, providing educational videos for all levels and a range of user-friendly trading platforms.
| Feature |
Tickmill
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Tickmill commissions and fees summary
Tickmill is highly recommended for its fee structure, notably for its ultra-low spread cost on EUR/USD at 0.51 for its RAW account, significantly below the industry average of 1.08. Note that the commission-free Classic account has a much higher average spread on EUR/USD at 1.76 pips.
| Feature |
Tickmill
|
|---|---|
| Minimum Deposit | $100 |
| Average Spread EUR/USD - Mini | 1.71 |
| Average Spread EUR/USD - Standard | 0.51 |
| All-in Cost EUR/USD - Active | 0.31 |
| Active Trader or VIP Discounts | No |
Tickmill trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Tickmill provides a solid range of trading platforms and tools. It supports popular platforms such as MetaTrader 4 and MetaTrader 5, though it lacks a proprietary platform. Given these offerings, Tickmill is a good choice for most traders.
Trading platforms offered: Tickmill supports both MetaTrader 4 and MetaTrader 5, which are widely recognized and used by traders globally.
Trading tools: Tickmill offers a range of trading tools including copy trading and trading signals, enhancing its functionality.
Copy trading: Tickmill offers copy trading options, which is beneficial for those who prefer to mimic the strategies of other successful traders.
| Feature |
Tickmill
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
Tickmill trading platform screenshots
Mobile trading apps at Tickmill
Tickmill's mobile trading applications are rated as average. While functional, they may not stand out against competitors in the market.
| Feature |
Tickmill
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Tickmill mobile app screenshots
How do I open an account with Tickmill?
To start trading with Tickmill, follow these steps:
- Visit Tickmill’s official website.
- Click on the ‘Register’ or ‘Open an Account’ button.
- Fill out the registration form with your personal details.
- Verify your identity and address by uploading the required documents.
- Once verified, deposit funds into your account using one of the supported payment methods.
- Start trading.
What can I trade at Tickmill?
Tickmill offers a modest selection of 63 forex pairs and 725 tradeable symbols, which is below the industry average of 3,623 tradeable symbols but still provides ample opportunity for diversified trading strategies.
| Feature |
Tickmill
|
|---|---|
| Tradeable Symbols (Total) | 725 |
| Forex Pairs (Total) | 63 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
Tickmill research screenshots
Account funding at Tickmill
Tickmill supports a variety of funding options including bank wires, and eWallets like Neteller, PayPal, Skrill, and credit card options, facilitating easy and quick account deposits and withdrawals.
| Feature |
Tickmill
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About Tickmill
Tickmill, founded in 2014, has established itself as a notable player in the forex and CFD trading industry. It is not publicly traded but holds a high level of trust, evidenced by its authorization under top financial regulators including the FCA in the UK and MiFID in Europe. Tickmill focuses on providing competitive trading conditions, comprehensive educational resources, and robust trading platforms to cater to both novice and experienced traders globally.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.