Tickmill Review

Author By Jeffrey Cammack
Updated: January 26, 2022
Overall Rating
4.48 4.48 / 5
Rated #30 of 68 Recommended Brokers
ūüŹ¶¬† Min. DepositUSD 100
ūüõ°ÔłŹ¬† Regulated By
ūüíĶ¬† Trading Cost¬†
‚öĖÔłŹ¬† Max. Leverage500:1
ūüíĻ¬† Copy Trading
ūüĖ•ÔłŹ¬† Platforms
ūüíĪ¬† Instruments
AlertAccepts South African Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles.

TradeForexSA follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure.

Our verdict on Tickmill

Established in 2014, Tickmill is a well-regulated STP broker with a focus on providing an optimal trading environment for serious beginners and more experienced traders.

While the trading conditions on Tickmill’s entry-level Classic Account are relatively poor compared to other brokers, experienced traders will be interested in the Pro and VIP accounts. With minimum deposits of 100 USD and 50,000 USD respectively, these accounts provide some of the most competitive spreads (0.0 pips on the EUR/USD) combined with the lowest commissions in the industry. With support for MT4 and more recently, MT5, experienced traders also will appreciate the range of trading tools on offer, including Autochartist, an Advanced Trader Toolkit, and subsidised VPS hosting.  

Education and market analysis are both excellent and experienced traders will appreciate the wide range of currency pairs; and with the addition of MT5, traders may see the asset offering grow.  

Overall, Tickmill is an excellent choice of broker for serious beginner traders and more experienced Metatrader users looking for a new broker.


111104/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Welcome Bonus

Account Information

Base Currencies
Number of FX Pairs
Crypto Pairs
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
4 USD / lot
0.10 pips
0.30 pips
0.10 pips
Negative Balance Protection

Company Details

Company Name
Tickmill Ltd
Website Language
English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese, Spanish
Support Language
English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
Office Locations
Eden Island, Mahe


  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets


  • Limited base currencies

Is Tickmill safe?

Yes, Tickmill is a safe broker for South Africans to trade with. It maintains regulation from top-tier authorities, including the UK’s FCA and CySEC of Cyprus. It also maintains regulation from the FSCA of South Africa, the FSA of Malaysia, and the FSA of Seychelles. 

Established in 2014 and headquartered in London, Tickmill has experienced extraordinary growth since its inception. It has over 110,000 traders on its books and an average monthly trading volume of over 120 billion USD.

Tickmill is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Labuan Malaysia, and the Seychelles Financial Services Authority (FSA).  See below for a list of Tickmill company registrations:

  • Tickmill UK Ltd is regulated by the Financial Conduct Authority, 3rd Floor, 27 ‚Äď 32 Old Jewry, London EC2R 8DQ, England Register number: 717270.
  • Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission, Kedron 9, Mesa Geitonia, 4004 Limassol, Cyprus. Licence number: 278/15.
  • Tickmill Asia Ltd is authorised and regulated by the¬†Labuan Financial Services Authority, Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia. Licence number: MB/18/0028.
  • Tickmill South Africa (Pty) Ltd is authorised and regulated by the¬†Financial Sector Conduct Authority (FSCA), The Colosseum, 1st floor, Century Way, Office 10, Century City, 7441, Cape Town. Licence number: FSP 49464.
  • Tickmill Ltd Seychelles regulated by the Financial Services Authority of Seychelles and its 100% owned subsidiary Procard Global Ltd, UK registration number 09369927.

Although Tickmill holds a licence from the FSCA, South African clients will be directed to Tickmill Ltd Seychelles, regulated by the FSA.  It is unclear why Tickmill would hold a licence from the FSCA in South Africa and direct its traders to the Seychelles-based entity; this arrangement means that South African funds are not held in South African banks, and disputes cannot be handled locally by the FSCA.

The Seychelles FSA provides less regulatory oversight than those of the EU and Australia, and while it requires brokers to keep client funds in segregated accounts and issue monthly statements to their clients, it does not require brokers to offer negative balance protection or restrict leverage to protect their traders.  

Although Tickmill is not a member of any government compensation scheme, South African clients can be sure that their funds will be segregated from Tickmill’s operating capital, and that they are offered negative balance protection.  Tickmill is also regularly assessed by external auditors and statements are sent to the FSA.  

Tickmill’s quality and popularity amongst traders have been noticed and rewarded by its industry peers.  In recent years the company has won awards for:

  • Best MENA Dorex Broker 2021 (Cairo Virtual Expo)
  • Best Customer Service (Cairo Virtual Expo)
  • Best Commodities Broker 2020 (Rankia Markets Experience Expo)
  • Best Trading Experience 2020 (Forex Brokers Award 2020)
  • Most Reliable Broker 2020 (Online Personal Wealth Awards)
  • Best Forex Education Provider (Global Brands Magazine)
  • Best CFD Broker Asia 2019 (International Business Magazine
  • ¬†Best Forex CFD Provider 2019 (Online Personal Wealth Awards)

Overall, although Tickmill’s South African clients are directed to the FSA-regulated entity, it is regulated by a number of strong international regulators, has a long track record of responsible behaviour, and has received wide industry recognition.  On this basis, we deem Tickmill a trustworthy broker.  

Scroll for more detailsPreviousNext
Group Regulators
Trading Desk
Year Founded
Office Locations
Additional Fees
Eden Island, Mahe

Trading Fees

Tickmill’s trading fees are lower than average.

A non-dealing desk broker, Tickmill offers three live market execution accounts.  The Classic Account has the trading costs included in the spread, while the Pro and VIP accounts offer tight spreads in exchange for a small commission per trade.  Trading conditions improve with increasing minimum deposits. For more detail on Tickmill’s trading accounts, click here.

Tickmill’s accounts were assessed to compare the costs to those of other brokers. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Unfortunately, Tickmill does not publish the average spreads for each account, so these calculations were based on the minimum spreads.

The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission:

Spread x Trade Size + Commission = Total Trading Cost (USD):

Tickmill Accounts

As you can see from the table above, the trading costs on the VIP Account are lower than the costs on the other two accounts and are significantly lower than those charged by other brokers on similar accounts. However, traders need to maintain a minimum account balance of 50,000 USD, which puts it only within the reach of professional traders.¬† The trading costs on the Pro Account are also highly competitive, and it only requires a minimum deposit of 100 USD.¬† It should be noted that Tickmill charges some of the lowest commissions in the industry ‚Äď the commissions at most other brokers tend to be 7 USD (round turn) per lot traded.

The only account with higher-than-average trading costs is the commission-free Classic Account.  The average trading costs at most other brokers tend to be 9 USD per lot traded.

Scroll for more detailsPreviousNext
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
111115/ 5
0.00 pips
0.10 pips
0.30 pips
0.10 pips
111115/ 5
0.90 pips
0.90 pips
1.60 pips
1.10 pips
11110.54.5/ 5
1.00 pips
USD 10
0.00 pips
0.10 pips
0.10 pips

Swap Fees

Tickmill charges swap fees for positions that are held overnight.  Interest is paid (or received) for each night a position is held. When a trader wants to keep a position open, they will pay interest on the currency sold, and receive interest on the currency bought. So, the swaps are derived from the interest rates of the countries involved in the currency pair, whether the trader is going long or short, and the current market conditions. For example, the swap rates on 1 lot of EUR/USD are -3.56 for a short position and +0.83 for a short position.  Tickmill provides a convenient swap calculator to calculate these costs.   

On the whole, the ongoing trading costs at Tickmill are extremely competitive on its two commission-based accounts, but higher than average on its commission-free Classic Account.  However, at 100 USD, the minimum deposits on the Classic and Pro accounts make them accessible to most traders.   

Non-trading Fees

Tickmill’s non-trading fees are much lower than those charged by other similar brokers.

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.  These fees can significantly affect your profitability and so should be carefully scrutinised.

However, at Tickmill no fees are charged for deposits or withdrawals, and Tickmill does not charge inactivity fees on dormant accounts.  This is remarkable for an industry that charges fees for most transactions.  

Opening an Account at Tickmill

Tickmill has a fast and hassle-free account opening process, with quick verification.

South African traders can open an account at Tickmill, but need to meet the minimum deposit requirement of 100 USD to do so.  In order to open a VIP Account, traders must maintain a minimum balance of 50,000 USD.

Tickmill offers both corporate and individual accounts, but we will outline the four-step process for opening an individual account:

  1. Register an account.¬† This can be done by clicking on the ‚ÄúCreate Account‚ÄĚ button.¬† Traders are required to fill in their personal information (name, email address, telephone number, and date of birth), and trading knowledge, and create a password.
  2. The next step is to confirm your identity.  Tickmill will need two documents from you:
    1. A photo ID (passport, driver’s license, or national ID card) and; 
    2. A secondary ID (a bank or utility statement with your full name and address dated in the last three months).
  3. The third step requires choosing your trading account, preferred base currency (click here for more on Tickmill’s base currencies, and level of leverage.
  4. Lastly, you can download the trading platform (MT4), and start trading.

We advise you to read Tickmill’s risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, Tickmill’s account-opening process is quick, efficient, and accounts are generally ready for trading within a matter of hours. 

Tickmill Accounts

Tickmill offers three accounts, which is average compared to most other brokers, and its accounts are suitable for beginners and more experienced traders. 

Tickmill has three simple account types that are both suited to beginners and experienced traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.  Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. 

Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. Spreads on these accounts are usually wider than those with higher minimum deposits.  Tickmill’s Classic Account requires a minimum deposit of only 100 USD and allows trading in smaller trade sizes, measured in micro-lots, which is suitable for beginner traders.  

In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads.  Tickmill’s Pro and VIP accounts both have extremely tight spreads (starting at 0.0 pips on the EUR/USD) in exchange for round-turn commissions of 4 and 2 USD respectively, some of the lowest in the industry.  The trading costs on these accounts make them appealing to experienced traders.   

Tickmill offers trading on 62 Forex pairs in addition to CFDs on stock indices, metals, and bonds, without any dealing desk interference (click here for more on Tickmill’s tradable assets). Its accounts are denominated in three different currencies, including EUR, GBP, and USD, and clients have access to leverage of up to 500:1.   Tickmill allows hedging, scalping, and copy trading.

Tickmill also offers Islamic swap-free accounts, but when a position is held open for more than three consecutive trading days (including weekends), an Islamic account is subject to charges, but only on exotic currency pairs. 

Tickmill Account Types

Classic Account

This commission-free entry-level account requires a minimum deposit of 100 USD.  Fees are included in the spreads, which start at 1.6 pips on the EUR/USD, which is wider than other similar brokers. 


This account requires a 100 USD minimum deposit and is an entry-level account for professional traders. Tight variable spreads (starting at 0.00 pips pips) are available in exchange for a commission of USD 4 USD (round turn) per lot. Note that the stop out and limit levels for Pro account users are zero.

VIP Account

With excellent trading conditions, this account is for high-volume professional traders but requires a 50,000 USD minimum deposit. The commission is reduced to 2 USD (round turn) per lot and spreads are 0.0 pips (EUR/USD), making this account one of the lowest-cost accounts in the industry.

Scroll for more detailsPreviousNext
Account Name
Min. Deposit
Max. Leverage
Min. Spread
USD 100
Spread Only
Account Details
USD 100
4 USD / lot
Account Details
USD 50000
2 USD / lot
Account Details

Demo Account

Demo accounts allow prospective traders to practice trading in real-time.  One can test tools and strategies and sharpen trading skills completely risk-free.  New traders can also explore the full suite of customisable tools and features that the MT4 platform offers to enhance trading performance.  Demo accounts expire if there is no login for seven consecutive days.

Overall, in general, Tickmill’s initial and ongoing costs are lower than other similar brokers. Tickmill’s Classic Account appeals to beginner traders with its low minimum deposit and micro-lot trading, while its commission-based accounts will appeal to more experienced traders with extremely tight spreads in exchange for a small commission per lot traded.  

Deposits and Withdrawals

Tickmill offers a wide range of funding and withdrawal methods, its processing times are fast, and no fees are charged for deposits or withdrawals.  

A well-regulated broker, Tickmill ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source.  Tickmill offers commission-free deposit and withdrawal options that can be performed on the broker’s trading platform. One drawback is that accounts are only denominated in EUR, USD, or GBP, which means that South Africans will have to pay conversion fees if they transfer money from a ZAR-based bank account.  See below for details:

  • Visa/Mastercard: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD.
  • Bank transfers: Deposits and withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD.
  • Neteller/Skrill: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD.
  • STICPAY: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD.
  • Fasapay: Deposits are instant and processed within 1 ‚Äď 2 hours.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD, and accounts are denominated in USD/IDR.
  • UnionPay: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD, and accounts are denominated in CNY.
  • NganLuong.vn: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD, and accounts are denominated in VND.
  • QIWI: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD, and accounts are denominated in USD/RUB/GBP.
  • WebMoney: Deposits are instant and free.¬† Withdrawals are free and are processed within one day.¬† The minimum withdrawal amount is 25 USD, and accounts are denominated in USD/RUB/GBP.

Tickmill also has a Zero Fee policy and will reimburse traders for any third-party fees charged up to 100 USD on deposits of over 5,000 USD.

Overall, Tickmill offers a wider range of funding methods than most other brokers, and they are free.  Additionally, its processing times are quick, and for deposits over 5,000 USD, traders will be reimbursed for any third-party charges.


Tickmill offers a range of bonuses and promotions for new traders.  These include a 30 USD Welcome Account, a Non-Farm Payroll prediction competition, and a Trader of the Month competition.  See Tickmill’s website for more details.  

Base Currencies (Trading Account Currencies)

Tickmill offers three base currencies, which is limited compared to other brokers, and South African traders will also be disappointed that there is no ZAR trading account option.

At Tickmill, traders can only choose from three base currencies: USD, GBP, and EUR. This is limited compared to most other international brokers, and is disappointing for South Africans who will likely have bank accounts denominated in ZAR and will have to pay conversion fees on all deposits and withdrawals.  Conversion fees can make trading expensive, and are usually not presented on the fee report, but affect profitability

For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a ZAR account, there will be a small conversion fee for every trade made.

Overall, Tickmill offers fewer trading account currencies than most other large international brokers and doesn’t offer accounts denominated in ZAR.

Tickmill’s Trading Platforms

Tickmill offers full support for the MT4 platform and recently added MT5 to its trading arsenal.  This highlights how Tickmill continually forms partnerships to improve trading conditions for its expanding client base.

Tickmill recently added the MT5 platform to its itinerary, which means that the broker is looking at enhancing its asset diversification in the future ‚Äď possibly adding shares, or specialty CFDs such as ETFs.¬† This is excellent news for more experienced traders who may find the financial assets available at Tickmill slightly limiting (for more on Tickmill‚Äôs financial instruments, click here).¬†¬†

All platform choices are free to use, all can be downloaded to your PC and all have web versions of the platform. All platforms are also available on mobile Android and iOS devices, for more on Tickmill’s mobile platforms, click here.

Metatrader 4

Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. It is also widely recognised for its fast execution speeds, range of charting tools, algorithmic trading, and customisability. 

Tickmill’s MT4 platform is the standard version of MT4, and while numerous upgrades are available, most of them come at a price.  

Features of the MT4 include: 

  • A built-in library of more than 50 indicators and tools to streamline the analysis process
  • An impressive array of analytical tools, available in nine timeframes for each financial instrument.
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor.¬†
  • Customisable alerts
  • Access to MetaTrader market and MQL4 community.¬†

There are also many advantages of signing up with an MT4 broker:

  • The MT4 community is vast, as is the amount of text and video resources to support new and experienced traders alike.
  • The MT4 EA (Expert Advisor) community of developers is very active, so renting or buying algorithmic trading software is very easy.
  • MT4 has very low system requirements, and MT4 trading can run off any device.

While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find.  In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.

Metatrader 5

Developed in 2010, MT5 is the newer version of its predecessor, MT4.  MT5 is more powerful and faster than MT4 when it comes to back-testing functionality for automated trading algorithms.  It also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on the charts.  Additional features of MT5 include:

  • Depth of market display and technical indicators
  • 6 pending stop order types, including Buy Stop Limit and Sell Stop Limit
  • Improved strategy tester for algorithmic trading and expert advisors (EAs)
  • In-built market of trading systems & apps
  • Trading functions and alerts with e-mail and push notifications on mobile devices
  • Improve precision in forex and CFD trading through trading robots for scalpers
  • Exchange trading allowed
  • Forex Signals and Copy Trading
  • 21 time frames and 8 order types
  • Access to comprehensive analytical tools, with over 80 technical indicators and 44 analytical objects.

Again, only the standard version of MT5 is available at Tickmill.  However, support for MT5 means that Tickmill can enhance its asset offering, making it more appealing to experienced traders.

Scroll for more detailsPreviousNext
Platform Choice
Copy Trading
11110.54.5/ 5
11110.54.5/ 5
Avatrade Social
111104/ 5

While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. On the other hand, the benefit of Tickmill offering third-party platforms such as MT4 and MT5 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker.  Additionally, there are thousands of plugins and tools available for the MetaTrader platforms.  

Mobile Trading Apps

Tickmill’s mobile trading platforms are average compared to other similar brokers.

MetaTrader4 (MT4) and Metatrader 5 (MT5) are available on IOS, Android, and Windows mobile phones and tablets. The app will connect to the same account as the desktop software, allowing a synchronised and mobile trading experience.

Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts.  

Trading Tools

Tickmill offers an excellent range of trading tools compared to other similar brokers.

Tickmill offers a number of excellent trading tools, including Autochartist, Myfxbook, PelicanTrading, a VPS service, an advanced trading toolkit, and a one-click trading plugin.  Autochartist is free of charge for all registered users, while other third-party tools such as myfxbook, Pelican Trading, and VPS hosting incur an extra cost on the part of the trader.


AutoChartist is a third-party automated chart analysis tool that scans the markets for volatility and notifies traders of relevant trading opportunities. Since it integrates into MT4, information is available inside the trading view and simplifies the platform while providing additional analysis. Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Autochartist is one of the best analytics tools on the market, and Tickmill does well to provide this service to its clients. Tickmill offers AutoChartist free of charge to all live and demo account holders.  


Another common third-party trading tool available on Tickmill is Myfxbook AutoTrade, a cross-broker social trading platform that allows for copy trading without additional software. Myfxbook is available at an extra cost, and traders will have to contact myfxbook directly to find out more. Myfxbook is lauded as one of the best social trading platforms available.

Pelican Trading

Like Myfxbook Auto Trade, Pelican is an innovative all-in-one mobile auto-copying application that allows traders to follow and copy trades from other successful traders.  Pelican has a user-friendly interface that provides a platform to learn from and chat to other traders and mentors.  Users can also track and analyse the performance of other traders.  This platform is ideal for beginners starting out in the trading space.  Again, traders will have to contact Pelican directly to find out about the costs associated with using the service.  

VPS Service

Tickmill VPS has partnered with BeeksFX to provide a discounted VPS service to clients. As one of the largest Forex VPS providers, BeeksFX gives users access to very low latency networks and expert advisors. 

Tickmill clients are entitled to the following exclusive benefits with BeeksFX:

  • 20% discount on all packages.
  • Quick setup and a 24/7 live chat and email support.
  • Negligible latency due to VPS servers‚Äô adjacent location to Tickmill.
  • 100% uptime guarantee.

No shared resources, and increased control.

Advanced Trader Toolkit

Free to all Tickmill clients, the Advanced Trader Toolkit gives traders access to institutional quality technology, including advanced trading tools, user-configurable news and information, and trade analysis. It also includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking.  This tool is appropriate for more experienced traders refining their trading strategies. Some of tools in the package include:

  • Trade Terminal: A feature-rich professional trade execution and analysis tool, providing several trading features and order controls that are not included in MT4 or MT5.
  • Connect: A customisable news feed aggregator and interactive economic calendar.
  • Mini Terminal: Tailored to the MT4, manage your execution with context in a specific trading chart.
  • Correlation Matrix and Correlation Trader: These tools work together to show correlations between pairs of trading symbols. It functions with any symbols available in the trading platform, allowing a calculation of the correlation between multiple asset classes against Forex. The Correlation Trader will then allow for detailed inspection of the correlation between any two instruments.
  • Sentiment Trader: Allows traders to feel the markets out with real-time long and short positioning data, historic sentiment, and a dashboard for multiple instrument sentiment analysis.

One-Click Trading

The One-Click Trading MT4 Expert Advisor (EA) is designed to make common trading mechanisms more accessible, facilitating trading and removing unnecessary navigation between windows and charts. This EA does not overly simplify MT4, but it does make trading on the platform less complicated.

Overall, Tickmill offers some of the best trading tools in the industry, with tools to suit both beginners and more experienced traders.  

Scroll for more detailsPreviousNext
Economic Calendar
Trading Central
Trading View
Free VPS

Tickmill’s Trading Assets

Tickmill’s range of financial instruments to trade is smaller than most other brokers, with no shares nor specialty CFDs such as ETFs.

While Tickmill does offer a selection of CFDs to trade, it has only just introduced the MT5 trading platform, and the MT4 platform is primarily a platform for trading Forex. This shows in Tickmill’s relatively limited range of financial instruments. 

Scroll for more detailsPreviousNext
Financial Instrument
Number of Assets
500:1 on gold, 125:1 on silver

Forex: Tickmill offers 62+ currency pairs for trading, including majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and GBP/NZD), and exotics (EUR/NOK, USD/SEK and EUR/ZAR). At Tickmill, there are more pairs to trade than most other Forex brokers.  Leverage on forex is up to 500:1.

Indices: Tickmill offers trading on 14+ indices, which is limited compared to other similar brokers, and includes the likes of the AUS200, UK100, US30, and US500. Leverage is up to 100:1 on indices and both Index Futures and Index Cash CFDs are available.

Metals: Tickmill offers two metals, whereas most brokers only offer trading on between 5 ‚Äď 10 Metals. These include gold and silver.¬† Maximum leverage on metals is 1:500 on gold and 1:125 on silver.

Bonds: Tickmill offers four bonds for trading, which is average compared to other similar brokers.  Leverage is up to 1:100 on bonds.

Cryptocurrencies: Tickmill only offers three cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin.  This offering is also limited compared to what’s available at other brokers.  Leverage is up to 1:2 on cryptos.  

Scroll for more detailsPreviousNext
Fx Pairs
CFD Investments

Apart from the wide selection of Forex pairs, Tickmill has a disappointing range of CFDs. Mostly this will be down to the MT4 platform.  However, we are hopeful that with the new addition of MT5, Tickmill will be able to broaden its asset offering.  

Tickmill for Beginners

Tickmill has a world-class selection of educational materials, in addition to webinars and seminars to help new traders get their footing. It also offers an Analysis Blog and Trading View Analysis Tools, offering new perspectives on currency markets.  

Educational Material

Tickmill offers an excellent selection of educational materials.  Most of it is focused on beginners, but there are sections that will appeal to more experienced traders.

Tickmill offers a range of educational resources, including free downloadable e-books, video tutorials, infographics, and a Forex glossary.  It also hosts regular seminars and webinars.

Ebooks: The e-books cover Forex Trading Basics and how Forex trading works, introducing the Major Currency Pairs, Trading Strategies, an Introduction to Fibonacci Analysis, and the major types of Forex analysis.  

Video Tutorials: Tickmill offers a range of video tutorials, some of which can only be accessed through registering a live account.  Video tutorials cover various topics, including Forex Trading, Market Analysis, Trading Psychology, Trading Strategies, Social Trading, CFDs, Managed Accounts, and Technical Indicators.  

Infographics: Tickmill provides excellent infographics that detail key facts and possible scenarios of various events, and how these impact the markets.  

Webinars are run in four languages (English, Arabic, Italian, and German), and all previous webinars are available in an archive. The webinar subjects vary from more fundamental concepts like News Trading Strategies to Technical Analysis and Chart Theories like Standard Elliot Wave Models.

Tickmill also has a schedule of free seminars worldwide, which introduce clients to trading concepts, and provides networking opportunities.

The brokerage also offers a trading glossary which acts as another source of education, and where basic terms are described in short sentences.

Scroll for more detailsPreviousNext
Beginner Course
Advanced Course
Well Structured Education
Education Quality

Analysis Material

Tickmill’s analysis material is excellent compared to other similar brokers.  

The in-house Tickmill research team of eleven experts runs a regular blog covering both fundamental and technical analyses. The research provides information on market-moving events outside of conventional news sources.  These articles are updated throughout the day and are multi-format, including charts, videos, and written articles.  

The blog is publically available, and Tickmill allows traders to contact authors with questions about various articles. This is a unique offering, as brokers typically shy away from one-to-one contact with traders.

Customer Support

Tickmill offers high-quality customer support, however, it is only available from Monday to Friday during business hours.  

Customer support is available in 17 different languages, via email, telephone, and live chat.    Traders should note that customer service is only available from Monday to Friday during business hours.

For the purposes of this review, we found the customer service extremely responsive and very knowledgeable.  It is clear that Tickmill has invested in training the customer service team as they were able to answer all our questions without hesitation. 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Tickmill offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Tickmill Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Tickmill would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with Tickmill Ltd.


Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. With a strong education section, the availability of both MT4 and MT5, additional premium tools offered to traders at no extra cost, and excellent trading conditions on its commission-based accounts, Tickmill appeals to the serious beginner and more experienced trader.

AlertAccepts South African Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles.
Visit Broker

Share your knowledge

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Featured Brokers