Tickmill review - Regulations, Platforms, Instruments and User Ratings.

3.341 • 240 REVIEWS
Also tickmill.co.uk
Updated: Nov 27, 2023
Tickmill.eu(.com, .co.uk)

2 star review by rektsquare, Turkey

I have been using Tickmill for 3 years. Spreads are tight, execution is fast, deposit is fast. But, when it comes to withdraw your money, they are the slowest and the most problematic broker I have ever worked with. It always takes more than 1 week to get your money back. To give an example, I have made a request on 17th morning and who knows where the money is, still waiting...


My primary broker sends my funds to my account even sometimes within the same day, but Tickmill, hell no, I promise that you wont get your money easy. Eventually you get it if you have enough patience.

What is Tickmill?

Tickmill is a forex broker since 2015 with multiple branches regulated by:

  • FCA (UK)
  • CySEC (Cyprus)
  • FSCA (South Africa), FSA (Labuan), FSA (Seychelles), BaFin (Germany), CONSOB (Italy), ACPR (France), CNMV (Spain)

Tickmill is a Metatrader only broker with MT4 and MT5 platforms available for desktop, mobile, and as a webtrader. Additionally, CQG platform is available futures and options trading for UK only users. Tickmill has it's own app that is designed exclusively for the account management. TradingView integration has recently become available.

Traders can choose over 80 CFDs and other derivatives in Forex, Indices, Stocks, Commodities, Cryptocurrencies, Futures (UK), and Options (UK) categories. Tickmill's additional features include API, VPS service, Autochartist, multiple additional indicators and tools for MetaTrader platforms, educational content, heat map, sentiment indicator, etc.

Please read Tickmill Reviews below and share live trading experiences with this broker.

Other websites of this company include TickmillPrime.com.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 2015
Address: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles
Contact: support@tickmill.com, +852 5808 2921
Regional offices:
Regulators: CySEC #278/15, Labuan FSA #MB/18/0028, FSA-S #SD 008, FSCA #FSP 49464, FCA #717270
Prohibited countries:
Trading platforms: MT4
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes

Trading Instruments

Currencies: (60+)
Cryptocurrencies:
CFD: (20+) Gold, Silver, Stock Indexes, Bonds, Oil

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
* Please check broker website for more information
3.341 • 240 REVIEWS

Recent User Reviews of Tickmill

A
AntiScamBroker
Indonesia, Indonesia,
Apr 22, 2020,
Registered user

WTI laverage change from 1:500 to 1:20

Service use: Live Length of use: 6-12 Months
Tickmill push us to cut our position by reduce laverage from 1:500 to 1:20
How can we provide 25 times of our previous balance to cover this change?
Are you doing a honest business?
Don't do this or you are a scam
3 traders have found this review helpful
A
Reply by Tickmill submitted Apr 29, 2020:
Dear client,
In order to address the extreme volatility and ensure safe and orderly trading for our clients, the leverage on our WTI spot product was changed from 1:100 to 1:20. We have informed our clients in advance so they could manage their positions prior to Margin changes being implemented.

You can contact our support team if you need any additional assistance.
C
Caio Barboza Santos
Fortaleza, Brazil,
Apr 14, 2020,
Registered user

Payment methods

Service use: Live Length of use: 0-3 Months
For a few months I tested this broker and apparently it is great considering the short time of use, However, a negative point would be the forms of payments provided. They do not work with (Pay4Fun) the Brazilian electronic goods, because even offering skrill and neteller both do not already operate in Brazil.
C
Reply by Tickmill submitted Apr 16, 2020:
Dear Caio Barboza,
Thank you for your feedback.
We are continuously improving our payment services by adding new payment methods. For the most up to date information on the available deposit and withdrawal methods please visit: https://www.tickmill.com/conditions/deposit-and-withdrawal
S
SkyMeow
Bangkok, Thailand,
Apr 8, 2020,
Registered user

Update on "1000 pip slippage" - Received a full refund

Update on my previous review "1000 pip slippage". Tickmill has corrected the mistake, and issued an apology and a full refund for a loss caused by the massive slippage. Other than this, I don't have anything else to complain. Since this issue was resolved positively, I'm continuing to trade with Tickmill.

Mar 26, 2020 - 1 Star 2020 03/26 10:24 (tickmill server time) there was massive 1,000 pip slippage with XAU/USD pair. It happened instantly, moved over 1,000 in 1 bar in M1 chart. We all know what this is. Caused huge loss to my account and many others. I sent an email to their customer service and am waiting for reply. I'll update once I get a reply and see how Tickmill fixes this and protects their customers. Hopefully they can resolve passively, not just making excuses and make customers take the losses.

Reply by Tickmill submitted Mar 30, 2020 Dear Skymeow,

Thank you for your message. Our support team is dedicated to providing assistance to all our clients, please rest assured that your email will be replied to soon. Provided that you have included your trading account number and trade ID in your email, the relevant trades will be checked and you will be informed via email.
3 traders have found this review helpful
S
Siro-Kuro
OSAKA, Japan,
Apr 3, 2020,
Registered user

I give a good evaluation.

Service use: Live Length of use: over 1 Year
I did business with Tickmill. I have a very good opinion of Tickmill. It is sad that Japanese business was suspended in March 2020. I am waiting for the resumption of business.

Mar 10, 2019 - 2 Stars I started using Tickmill from March/2019.
● There are transactions where orders are not executed.
● Order slippage and loss occurred.
I am earning money, but I feel uneasy about the order execution ability.

I am not trading news!

Reply by Tickmill submitted Mar 12, 2019 Hi Siro-Kuro,

Thank you for your comment.

Can you please send specific details and screenshots to our support team? They will investigate with the responsible department and get back to you.

You can reach them at support@tickmill.com

We remain at your disposal for anything else you may require.
A
adamssillva
Sao Paulo, Brazil,
Apr 2, 2020,
Registered user

Descending broker

Service use: Live Length of use: 0-3 Months
Decent broker in its proposal, great spreads, very current technology, initially operating three accounts at $ 100 with great returns and no problems
I
Ismagilov Ruslan
KAZAN, Russian Federation,
Mar 30, 2020,
Registered user

SCAMMERS CAREFULLY

Service use: Live Length of use: 6-12 Months
I ask you to consider my complaint regarding the brokerage company Tickmill. I explain the essence of the complaint below: When opening transactions on a real account such as pro standart, account number 3040686 Thus, the brokerage company deprives the proper profit and distorts the real financial position of the transaction. This type of fraud has been recorded by me repeatedly and on an ongoing basis. Manipulative actions of the broker appeared on the second day of trading on this account. I have recorded this incident on the video and I am ready to provide evidence at the first request of the regulator. the opening price does not correspond to the real indicator of the market price at the time of opening in favor of a brokerage company. Also, with a negative movement relative to an open transaction, the drawdown on the order is fair, and with a positive movement relative to an open order, the profit is unjust and underestimated. I ask you to analyze this type of fraudulent activity of the Tickmill broker and return the initial deposit to me
1 trader has found this review helpful
I
Reply by Tickmill submitted Apr 8, 2020:
Hi Ismagilov,
As we’ve repeatedly said and explained, we have offered all the help we could have to you personally via email and phone. If you have any additional questions or need any clarifications, you can contact our support team at support@tickmill.com.
S
scloneh
Mexico City, Mexico,
Mar 9, 2020,
Registered user

Good broker!

Service use: Live Length of use: over 1 Year
I trade with Tickmill around 1 year and everything was good, deposits and withdrawals without problem and excellent spreads.
2 traders have found this review helpful
H
HassanShahzad
Pakistan, Pakistan,
Feb 24, 2020,
Registered user

best Broker i ever experienced

Service use: Live Length of use: over 1 Year
tick-mill is the only one that hold the best possible low spreads , with the best possible low commission , along with the best possible liquidity provider , having a great execution speed .
Withdrawals are always on time , i never had any issue with them , One of the best company in the present market of Forex.
1 trader has found this review helpful
L
Lucky
South Africa, South Africa,
Feb 22, 2020,
Guest

Best broker in the world

Service use: Live Length of use: over 1 Year
Tickmill is dope,spreads low,withdrawal quick,service dope,costumer service excellent.Tickmill is the only broker i can recommend to people so far from ZA.
2 traders have found this review helpful
A
ahlinujum
kuala lumpur, Malaysia,
Feb 12, 2020,
Registered user

best broker ever

Service use: Live Length of use: 3-6 Months
best broker i ever had, low spread and commission is suitable for me as a beginner. easy and fast deposit and withdrawal.
1 trader has found this review helpful
Page 5 of 27

Frequently Asked Questions

Is Tickmill regulated?

Tickmill has 5 regulators:
  • Tickmill UK Ltd is regulated by the UK Financial Conduct Authority (FCA), FCA number 717270,
  • Tickmill Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CYSEC), licence number: 278/15,
  • Tickmill Ltd is regulated by the Seychelles Financial Servics Authority (FSA), licence number: SD008,
  • Tickmill Asia Ltd is authorised and regulated by the Labuan Financial Services Authority (Labuan FSA), licence number: MB/18/0028,
  • Tickmill South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA), licence number: FSP 49464

How do you use Tickmill?

To get started trading with Tickmill:
  • first, you need to complete your tickmill client registration, login, and upload all the required documents
  • once that's done and your documents are approved, you can select your account type and create the account
  • then, select a payment method and make your initial deposit
  • next, either go directly to MT4 WebTrade or else download and install MetaTrader 4
  • finally start trading with the Tickmill

How do I withdraw my Tickmill bonus?

New clients of Tickmill can get a $30 live bonus, unless their country is excluded from this promotion.
  • The bonus account can be traded for 90 days
  • The initial amount of $30 cannot be withdrawn
  • However, as long as the terms and conditions are followed, a minimum of $30 and a maximum of $100 of profit earned in the bonus account can be transferred to a live account after the client deposit a minimum of $100 in that live account

What type of broker is Tickmill?

Tickmill is primarily a forex trading broker with over 60 currency pairs available to trade.

Tickmill also offers CFDs on stock indexes, oil, precious metals, and bonds as additional trading instruments.

Is Tickmill a good broker?

The best way to answer if Tickmill is a good broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/8718/tickmill-forex-brokers

Additionally, we recommend to check recent Tickmill broker community discussions: https://www.forexpeacearmy.com/community/tags/tickmill/

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

What is the minimum deposit for Tickmill?

The minimum deposit to open a trading account with Tickmill is $100.

Tickmill also offer a VIP account which requires a minimum opening balance of $50,000.

Does Tickmill allow scalping?

Tickmill permits scalping as well as news trading and the use of EAs.

How long does it take to withdraw from Tickmill?

Tickmill processed nearly all client withdrawal requests within 24 hours.

Delivery times after processing vary from instant to up to 8 days depending on the withdrawal method.

For bank wires $5000 and above, Tickmill promises to reimburse any transaction fees up to $100.

Does Tickmill have Nasdaq?

Among trading instruments Tickmill offers CFDs for Nasdaq 100, and S&P 500 US stock indexes.