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Tickmill

Tickmill is a UK/Cyprus/Seychelles/South Africa/Labuan multi-entity CFD and futures broker, founded 2014, best known for tight Pro/VIP spreads on MT4/MT5 and genuine CME/CBOT futures access. Its regulatory footprint is real and independently corroborated, but the group has an unresolved discrepancy in its own UK compensation disclosures, a Trustpilot rating currently suspended for a fake-review breach, and a recurring pattern of withdrawal-block complaints on WikiFX — none of which appear on the marketing pages.

Recently checkedAffiliate partner (labelled)MT4MT5
Open account
Provider score
58
weighted mean of the dimensions below
Data confidence
Medium
how complete & sourced the fields are
Last fully verified
Sep 1, 2026
last checked Sep 1, 2026
Commercial relationship
Affiliate
never affects the score
Legal entities

Regulation is per entity, not per brand

Which entity you are onboarded to decides your regulator, protections and available leverage.

Tickmill Asia Ltd
RegulatorLabuan FSA (offshore)
Licence numberMB/18/0028
Licence statusClaimed, not checked
JurisdictionMalaysia
Investor protectionNone disclosed
AcceptsNot on file
RestrictedNone recorded
Tickmill South Africa (Pty) Ltd
RegulatorFSCA (tier2)
Licence numberFSP 49464
Licence statusClaimed, not checked
JurisdictionSouth Africa
Investor protectionNone (FSCA does not operate a statutory investor compensation scheme for FSPs)
AcceptsSouth Africa
RestrictedNone recorded
Tickmill Europe Ltd
RegulatorCySEC (tier1)
Licence number278/15
Licence statusClaimed, not checked
JurisdictionCyprus
Investor protectionUp to €20,000 via the Cyprus Investor Compensation Fund (ICF)
AcceptsCyprus, Germany, France, Denmark
RestrictedNone recorded
Tickmill UK Ltd
RegulatorFCA (tier1)
Licence number717270
Licence statusClaimed, not checked
JurisdictionUnited Kingdom
Investor protection£85,000 via FSCS per Tickmill's 'Safety of funds' page — but its 'Licences and regulation' page states £120,000 for the same entity; unresolved, see verification notes.
AcceptsUnited Kingdom
RestrictedNone recorded
Tickmill Ltd
RegulatorFSA Seychelles (offshore)
Licence numberSD008
Licence statusClaimed, not checked
JurisdictionSeychelles
Investor protectionNone (no statutory investor compensation scheme)
AcceptsBangladesh, United Arab Emirates
RestrictedUnited States, United Kingdom, Germany, France, Denmark
Conditions

Trading conditions

Spreads are only comparable when sampled on the same day at the same account tier.

Account tier shownClassic

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Typical EUR/USD spread1.6 pips

no sample date on file

Commission$0 disclosed

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Minimum deposit$100

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Swap-free availableYes

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Max leverage1:30 (FCA/CySEC retail) / up to 1:1000 (Seychelles, Classic) / up to 1:500 (Labuan & FSCA) / 1:200 (crypto CFDs)

Varies by entity and client jurisdiction.

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Conditions

Markets & access

PlatformsMT4, MT5

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Instrumentsforex, indices, commodities, metals, stocks, etfs, crypto

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Payment methodscard, bank wire, skrill, neteller, crypto

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Trading restrictionsWelcome-bonus profits cannot be combined with the Tickmill rebate campaign, are capped at $100 withdrawable, and only pay out after a separate $100 deposit into a real-money account. Spread/commission figures above are triangulated from multiple independent trackers, not Forexcake's own live sampling — Tickmill's account-comparison table renders client-side and blocked automated capture during this research.

Source: Tickmill — 'Group Licences and Regulation' (official) · last checked Sep 1, 2026 · confidence Medium

Score breakdown

How this score was built

Each dimension is scored 0–100 with a written rationale and its own weight. No single unexplained star.

Commercial deals excluded
20%Regulatory & entity clarity60

Genuinely multi-entity (FCA 717270, CySEC 278/15, FSCA FSP49464, FSA Seychelles SD008, Labuan FSA MB/18/0028), but most non-EU/UK retail sign with the Seychelles or Labuan entity, neither of which carries a statutory compensation scheme. Tickmill's own site is internally inconsistent about UK protection: £85,000 on its 'Safety of funds' page vs £120,000 on its 'Licences and regulation' page, both live the same day. Malaysia's Securities Commission listed 'Tickmill' on its Investor Alert List in Nov 2020; that entry is absent from the SC's current cumulative list (checked 1 Sep 2026) but no public SC statement explains the change. No open regulatory enforcement action was found against any Tickmill entity at time of writing.

15%Cost transparency68

The three-tier structure (Classic: no commission, spreads from ~1.6 pips; Pro: ~$2/side/lot, spreads from 0; VIP: ~$1/side/lot, spreads from 0, but a $50,000 minimum balance) is consistently reported across half a dozen independent trackers — more consistent than most peers on this site. These figures could not be independently measured: Tickmill's live comparison table renders via JavaScript and blocked automated capture, so the numbers here are third-party triangulations, not direct sampling.

15%Funding & withdrawal clarity52

Tickmill's own site discloses zero withdrawal fees and same/next-business-day processing. That contrasts with a recurring complaint pattern on WikiFX (48 logged complaints) and Trustpilot: disabled withdrawal/transfer buttons, accounts frozen for an unexplained "internal review," and balance adjustments applied without a stated reason. The $30 welcome bonus additionally caps withdrawable profit at $100 and requires a separate $100 real-money deposit before any of it can be paid out.

12%Platform / execution disclosure58

MT4 and MT5 only — no proprietary platform, cTrader, or TradingView integration, so execution rides entirely on Tickmill's own liquidity setup. Recent third-party reviews describe slippage up to ~25 pips and price-feed discrepancies in volatile conditions; Tickmill does not publish independent execution-quality data to counter this.

12%Country eligibility accuracy50

Explicitly excludes US persons — Tickmill itself holds no NFA/CFTC registration (a co-founder's separate firm, MetroTrade, has that registration instead). Aggregator sites market Tickmill to Bangladeshi retail traders, but offshore-broker margin FX/CFD trading sits outside Bangladesh Bank's permitted channels under FERA 1947 — the same unresolved legality gap flagged elsewhere on this site. The 2020 Malaysia SC alert (now absent from the current list, unexplained) adds further uncertainty about which entity Malaysian clients are actually eligible to use.

12%Terms / promotion fairness55

The $30 Welcome Account is real and consistently described across independent trackers — not a bait-and-switch. But the $100 withdrawal cap and the requirement to fund a separate $100 live account before touching bonus profit are easy to miss in the marketing copy. The FSCS-figure inconsistency on Tickmill's own pages (see regulatory_clarity) is a fairness-adjacent transparency problem: a UK client reading only the licences page would overstate their protection by £35,000.

8%Operational history76

Founded 2014 in Seychelles, FCA-authorised since 2015 and CySEC since 2016 — an 11-year track record built through steady regulatory expansion (South Africa, Labuan) rather than entity churn or rebrands. Also runs a genuine futures/options arm with CME/CBOT access (corroborated directly on CME Group's own broker directory), which is unusual depth for a retail CFD broker of this size.

6%User-feedback quality38

Trustpilot has suspended Tickmill's public rating for a breach of its guidelines after removing a batch of fake reviews — a significant integrity flag regardless of the underlying score. Of the reviews that remain, 26% are 1-star, clustered on withdrawal blocks and unexplained balance adjustments. WikiFX separately caps its own score at 7.29/10 specifically because of 48 unresolved user complaints.

Reviews

What readers report

Member reviews are kept separate from our editorial assessment and from the provider score — they are moderated, not curated for tone.

No approved member reviews yet. An empty review list is not a negative signal — it means nobody has published one here.

Write a review

Sourcing

Where this data came from

If a field is missing here, treat it as unverified rather than as a negative.

Verification statusRecently checked
Data confidenceMedium
Last checkedSep 1, 2026
Last fully verifiedSep 1, 2026
Reviewed byNot recorded
Attached sources

Editor note: Key caveats for future editors: (1) Tickmill's own site disagrees with itself on UK FSCS protection (£85,000 vs £120,000) — unresolved, both pages live the same day. (2) FCA and CySEC register lookups both failed for technical reasons during this research (rendering error / HTTP 410) — licence numbers are 'claimed, well-corroborated' via secondary sources and Tickmill's own regulator-stamped PDFs, not independently register-verified; re-check both registers directly when tooling allows. (3) Malaysia SC flagged 'Tickmill' in Nov 2020; that entry is not on the SC's current list (checked 1 Sep 2026) but no clarifying SC statement was found — treat as resolved-but-unconfirmed. (4) Trustpilot's rating is currently suspended for a fake-review-removal breach; do not quote a numeric Trustpilot score until that is lifted. (5) Account-type spread/commission figures are triangulated from third-party trackers, not sampled directly (Tickmill's own comparison table is JS-rendered and blocked automated capture) — replace with a manual screenshot when possible. (6) A claim that Tickmill appears on Indonesia's BAPPEBTI blocked-broker list circulates on several SEO aggregator sites but could not be corroborated against any primary BAPPEBTI list in this research — deliberately omitted from sourced claims above; revisit if a primary source surfaces.