TM
Rank #4 of 10
- FCA
- CySEC
- FSCA
- Seychelles FSA
7.4
out of 10
editorial rating
Tickmill combines FCA, CySEC and FSCA licences with clearly published pricing: a Classic account with spreads from 1.6 pips and no commission, and a Raw account from 0.0 pips with US$3 per lot per side. The catch is the usual one: clients outside the UK, EU and South Africa are onboarded with the Seychelles entity, which has no compensation scheme stated. Education is thinner than at most rivals here.
At a glance
| Group | Tickmill Group, unlisted. Offices in London, Limassol and Johannesburg and a Dubai representative office. Tickmill reports 1,350,000+ registered accounts (August 2026). |
| Regulation | FCA (UK), CySEC (EU), FSCA (South Africa), Seychelles FSA (global clients). The UK entity is also DFSA-registered as a representative office. |
| Platforms | MT4, MT5, TradingView on the Raw account (USD), Tickmill Trader web and mobile app. |
| Minimum deposit | US$100 for all account types; this may vary with the base currency. |
| Pricing | Classic: spreads from 1.6 pips, no commission. Raw: spreads from 0.0 pips plus US$3 per lot per side (US$3.50 on TradingView Raw). |
| Markets | 60+ forex pairs. Instrument counts differ by entity (180+ on the global site, 600+ CFDs on the UK and EU sites). |
| Availability | Tickmill says its services are not directed at residents of Singapore, the United States, Iran, India and Japan. |
| Client funds | Segregated accounts and negative balance protection. UK clients: FSCS. EU clients: Investor Compensation Fund. No scheme is stated for the Seychelles entity. |
| Retail-loss disclosure | 73% with Tickmill Europe Ltd and 69% with Tickmill UK Ltd, per those sites. |
What we like
- FCA and CySEC entities give UK and EU clients FSCS and Investor Compensation Fund cover, per Tickmill’s licences page.
- Raw account from 0.0 pips with a published US$3 per lot per side commission.
- Flat US$100 minimum across account types and Islamic swap-free terms on all accounts.
What to weigh up
- Global clients sit under a Seychelles entity with no compensation scheme stated.
- Only 60+ forex pairs, fewer than several rivals here.
- Education is thin: we could only confirm a glossary.
Regulation and entities
| Entity | Regulator | Serves |
|---|---|---|
| Tickmill Ltd | Seychelles FSA (SD008) | Global clients |
| Tickmill UK Ltd | FCA (717270); DFSA-registered representative office | United Kingdom |
| Tickmill Europe Ltd | CySEC (278/15) | EU and EEA |
| Tickmill South Africa (Pty) Ltd | FSCA (FSP 49464) | South Africa |
Which entity are you joining?
Tickmill’s own FAQ says Tickmill is a trading name of Tickmill Ltd, regulated by the Seychelles FSA. Third-party sources say most non-UK, non-EU clients are onboarded with that entity. The Seychelles regulator’s protections are different from the FCA’s or CySEC’s, so ask which entity will hold your account before you deposit.
Costs and pricing
Classic accounts show spreads from 1.6 pips with zero commission. Raw accounts show spreads from 0.0 pips plus US$3 per lot per side, or US$3.50 per side on TradingView Raw. Tickmill’s site says it offers 180+ instruments with spreads as low as 0.0 pips. We did not find a typical EUR/USD spread published on the pages we read, so ‘from’ figures are best-case numbers. Maximum leverage is 1:1000 for the global entity and 1:30 for EU retail clients.
Platforms, tools and education
Tickmill offers MT4, MT5, TradingView (Raw account, USD only) and its own Tickmill Trader web platform and app. All strategies, including scalping, hedging and expert advisors, are allowed. A demo account is available, and swap-free Islamic terms are listed for all accounts.
Deposits and withdrawals
On the EU site Tickmill lists bank transfer, Visa and Mastercard, Skrill, Neteller, PayPal and Trustly, with a US$100 minimum deposit and US$25 minimum withdrawal, and no Tickmill fees (intermediary banks may charge). Methods on the global entity may differ.
Regulatory record
We found no regulator fines against Tickmill in our search.
Who it suits
A good fit: Cost-aware traders who want a published raw-spread and commission model and the option of UK or EU entities.
Look elsewhere if: Traders who want deep learning material, cTrader, or a very large forex pair list.
How we rated it
Ratings are BrokersPulse editorial opinion, scored against the criteria in How we rate. They reflect public information as of September 2026, not live-account testing.
Sources
- Tickmill licences and regulation
- Tickmill accounts overview
- Tickmill: where is Tickmill regulated?
- Tickmill: minimum deposit FAQ
- Tickmill EU site
- Tickmill UK site
- Tickmill: why Tickmill
Compiled from the provider’s own pages, regulator registers and the outlets listed above in September 2026. Providers change terms often, so confirm details with the provider before you deposit.
General information for education only, not financial advice. Trading forex and CFDs carries a high risk of loss. Read the disclaimer.