Tickmill seychelles vs uk

Like most brokers, tickmill takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

Top forex bonuses

Tickmill Review, tickmill seychelles vs uk.

As a market maker, tickmill may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Tickmill review

Tickmill is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and indices.

To open a live account, you’ll need a minimum deposit of at least $25. Alternatively, tickmill offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the financial conduct authority, UK (FRN: 717270). Tickmill puts all client funds in a segregated bank account and uses tier-1 banks for this. Tickmill has been established since 2014, and have a head office in seychelles, UK.

Before we dive into some of the more detailed aspects of tickmill’s spreads, fees, platforms and trading features, you may want to open tickmill’s website in a new tab by clicking the button below in order to see the latest information directly from tickmill.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

What are tickmill's spreads & fees?

Like most brokers, tickmill takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on tickmill’s website. The colour bars show how competitive tickmill's spreads are in comparison to other popular brokers featured on brokernotes.

Tickmill
EUR/USD (average: 0.7 pips)	0.2 pips + $4.00	0.7 pips	0.1 pips
GBP/USD (average: 1.1 pips)	0.7 pips + $4.00	1.7 pips	0.1 pips
USD/JPY (average: 1.1 pips)	0.2 pips + $4.00	0.6 pips	0.1 pips
AUD/USD (average: 0.8 pips)	0.4 pips + $4.00	0.6 pips	0.2 pips
USD/CHF (average: 2.3 pips)	0.7 pips + $4.00	2.3 pips	0.2 pips
USD/CAD (average: 2.9 pips)	0.6 pips + $4.00	0.5 pips	0.3 pips
NZD/USD (average: 3.6 pips)	0.7 pips + $4.00	2.8 pips	0.3 pips
EUR/GBP (average: 2.4 pips)	0.5 pips + $4.00	0.5 pips	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, tickmill’s minimum spread for trading EUR/USD is 0.2 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with tickmill vs. Similar brokers.

How much does tickmill charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with tickmill at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $6.94. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

Tickmill	IG	XTB
spread from :	$ 0.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 0.00	$ 6.00	$ 2.00
$6 more	$2 more
visit tickmill	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with tickmill?

Tickmill offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by tickmill below, along with the instruments offered by IG and XTB for comparison.

FX / currency cfds	tickmill	IG	XTB
# of forex pairs offered	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes
exotic forex pairs	yes	yes
cryptocurrencies	no	yes	yes

commodity cfds	tickmill	IG	XTB
# of commodities offered	34	21
metals	yes	yes	yes
energies	no	yes	yes
agricultural	no	yes	yes

index & stock cfds	tickmill	IG	XTB
# of stocks offered	8000	1606
UK shares	no	yes	yes
US shares	no	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see tickmill's instruments	see IG's instruments	see XTB's instruments

What’s the tickmill trading experience like?

1) platforms and apps

Tickmill offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both mac and windows allows traders to trade with their device of choice.

Tickmill also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

Tickmill allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As tickmill offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a nice bonus, tickmill are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that tickmill offers its traders below.

Trading features:

Accounts offered:

Demo account

Mini account

Standard account

Zero spread account

ECN account

Islamic account

Funding methods:

3) client support

Tickmill support a wide range of languages including english, spanish, russian, chinese, indonesian, and vietnamese.

Tickmill has a brokernotes double AA support rating because tickmill offer over three languages email and phone support.

4) what you’ll need to open an account with tickmill

As tickmill is regulated by financial conduct authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore tickmill’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with tickmill you can visit their website here.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.Tickmill.Com/ on 01/01/2021.

Tickmill not quite right?

Compare these tickmill alternatives or find your next broker using our free interactive tool.

Tickmill seychelles vs uk

Tickmill ltd is regulated as a securities dealer by the seychelles financial services authority (FSA). As such, our internal systems are in compliance with the FSA regulations, which means that your funds are held in segregated accounts to protect your assets.

What are the advantages of trading with tickmill?

Tickmill provides you with low spreads starting from 0.0 pips and ultra-fast execution speed of 0.15 second on average. Skrill, neteller, fasapay, unionpay and credit card deposits are processed instantly while withdrawals are processed within one working day. We are proud that we have no restrictions on trading and no requotes. We also allow scalping, hedging, arbitrage, eas and algorithms.

Where is tickmill regulated?

Tickmill is a trading name of tickmill ltd, which is regulated by the seychelles financial services authority (FSA).

Tickmill is also a trading name of tickmill UK ltd, which is authorised and regulated by the financial conduct authority (FCA) of the united kingdom, of tickmill europe ltd which is authorised and regulated by the cyprus securities and exchange commission (cysec), of tickmill asia ltd, which is authorised and regulated by the labuan financial services authority and of tickmill south africa (pty) ltd, which is authorised and regulated by the financial sector conduct authority (FSCA).

How do I deposit funds to my account?

You can make a deposit inside your client area using a funding option that suits you best. There are no fees on deposits.

Does tickmill offer cash or future cfds?

We do offer cash cfds that allow you to trade with a continuous price that isn’t subject to an expiration date. The cash CFD price is derived from the underlying futures contracts.

How do I open a metatrader 4 account?

You can open an account in the client area, efficiently and securely. Click here to open an account with us.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Tickmill.Com is owned and operated within the tickmill group of companies. Tickmill group consists of tickmill UK ltd, regulated by the financial conduct authority (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill europe ltd, regulated by the cyprus securities and exchange commission (registered office: kedron 9, mesa geitonia, 4004 limassol, cyprus), tickmill south africa (pty) ltd, FSP 49464, regulated by the financial sector conduct authority (FSCA) (registered office: the colosseum, 1st floor, century way, office 10, century city, 7441, cape town), tickmill ltd, regulated by the financial services authority of seychelles and its 100% owned subsidiary procard global ltd, UK registration number 09369927 (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill asia ltd - regulated by the financial services authority of labuan malaysia (license number: MB/18/0028 and registered office: unit B, lot 49, 1st floor, block F, lazenda warehouse 3, jalan ranca-ranca, 87000 F.T. Labuan, malaysia).

Clients must be at least 18 years old to use the services of tickmill.

High risk warning: trading contracts for difference (cfds) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade contracts for difference (cfds), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk.

The site contains links to websites controlled or offered by third parties. Tickmill has not reviewed and hereby disclaims responsibility for any information or materials posted at any of the sites linked to this site. By creating a link to a third party website, tickmill does not endorse or recommend any products or services offered on that website. The information contained on this site is intended for information purposes only. Therefore, it should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as recommendation to buy, sell or otherwise deal with any particular currency or precious metal trade. If you are not sure about your local currency and spot metals trading regulations, then you should leave this site immediately.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of tickmill or any of its affiliates, directors, officers or employees.

The services of tickmill and the information on this site are not directed at citizens/residents of the united states, and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Tickmill review 2021

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

🏆 top 5 stock brokers

🏆 top 5 forex brokers

Summary

Recommended for forex traders looking for low fees and prefer metatrader 4 platform

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier financial conduct authority (FCA) in the united kingdom.

Tickmill is considered safe because it is regulated by the top-tier FCA.

Disclaimer: 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 this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Tickmill pros and cons

Tickmill has low forex and non-trading fees. The account opening is fast, easy, and fully digital. You can use a lot of options for deposit or withdrawal, and they're free of charge.

On the negative side, tickmill has a limited product portfolio as it offers only forex and cfds. Popular asset classes, such as stocks and etfs are missing. Trading platforms are provided by metatrader, and they have outdated designs. Finally, the news feed is basic and not structured.

Pros	cons
• low forex fees	• only forex and cfds
• fast and easy account opening	• trading platforms with outdated design
• free deposit and withdrawal	• basic news feeds

tickmill main features and highlights

��️ country of regulation	UK, cyprus, seychelles, south africa, malaysia
�� trading fees class	low
�� inactivity fee charged	no
�� withdrawal fee amount	$0
�� minimum deposit	$100
�� time to open an account	1 day
�� deposit with bank card	available
�� depositing with electronic wallet	available
�� number of base currencies supported	4
�� demo account provided	yes
��️ products offered	forex, CFD

Author of this review

Ádám nasli

Everything you find on brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Tickmill review
fees

Tickmill has low forex, but average CFD fees. There is no fee for deposit, withdrawal, or inactivity.

Pros	cons
• low forex fees	• average CFD fees
• no withdrawal fee
• no inactivity fee

tickmill fees snapshot

assets	fee level	fee terms
EURUSD	low	pro account pricing: €2 commission per trade per lot plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD	low	pro account pricing: £2 commission per trade per lot plus spread cost. 0.3 pips is the average spread cost during peak trading hours.
S&P 500 CFD	average	the fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee	low	no inactivity fee

How we ranked fees

We ranked tickmill's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

Below you will find the most relevant fees of tickmill for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared tickmill's fees with those of two similar brokers we selected, axitrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of tickmill alternatives.

To have a clear overview of tickmill, let's start with the trading fees.

Tickmill trading fees

Tickmill's trading fees are low. There are different cost structures for different account types. We tested the pro account, which charges a commission but offers tight spreads.

We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments in each asset class usually provided by the forex brokers:

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

Stock index cfds: SPX and EUSTX50

A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:

30:1 for forex

20:1 for stock index cfds

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for tickmill fees.

Forex fees

Tickmill has low forex fees. The forex fees are one of the lowest among the brokers we have reviewed.

Tickmill forex benchmark fees of a $20,000 30:1 long position held for one week

tickmill	axitrader	FXCM
EURUSD benchmark fee	$6.8	$5.1	$12.5
GBPUSD benchmark fee	$5.0	$4.3	$5.6
AUDUSD benchmark fee	$5.0	$3.4	$8.8
EURCHF benchmark fee	$4.7	$2.9	$3.3
EURGBP benchmark fee	$7.8	$5.2	$16.4

The low forex fees are mainly due to the low commission tickmill charges. The commission is 2 base currency units (first currency pair) per lot per trade. For example, it's €2 per lot per trade for EURUSD, while £2 per lot per trade for GBPUSD.

CFD fees

CFD fees are average.

Tickmill CFD fees for a $2,000 long position held for one week

tickmill	axitrader	FXCM
S&P 500 index CFD fee	$1.5	$1.3	$1.5
europe 50 index CFD fee	$1.2	$2.3	$1.6

Non-trading fees

Tickmill has low non-trading fees. There is no fee for deposit, withdrawal, or inactivity.

Tickmill non-trading fees

tickmill	axitrader	FXCM
account fee	no	no	no
inactivity fee	no	no	yes
deposit fee	$0	$0	$0
withdrawal fee	$0	$0	$0

Tickmill review
account opening

Tickmill has a fast and easy account opening process. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP accounts.

Can you open an account?

Visit broker
73% of retail CFD accounts lose money

Tickmill accepts clients from all over the world. There are only a few exceptions, e.G. Customers from the US or canada can't open an account.

What is the minimum deposit at tickmill?

The required minimum deposit at tickmill is $100 . For a VIP account, you need to maintain a minimum $50,000 balance.

Account types

Tickmill has several account types that differ in pricing, minimum deposit, and minimum account balance.

Tickmill account types

pro	classic	VIP
minimum deposit	$100	$100	-
minimum account balance	-	-	$50,000
pricing	tight spread plus commission	wide spread, but no commission	tight spread plus commission
commission per $100,000 trade	$2	no commission	$1

Retail clients of tickmill ltd can use leverage up to 1:500 while retail clients of tickmill UK ltd and tickmill europe ltd can use maximum leverage of 1:30. If you qualify for a professional trader, you can trade with higher leverage, up to 1:500 (tickmill UK ltd) or up to 1:300 (tickmill europe ltd).

The criteria for professional clients:

An average frequency of 10 trades per quarter in the previous four quarters

Size of your financial instrument portfolio exceeds €500k

You have at least one year experience in a relevant financial position

You can also open corporate and swap-free islamic accounts. The main difference between islamic aand other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights.

How to open your account

Account opening is fully digital, fast and straightforward. You can fill out the online application form in a matter of minutes. Our account was verified within one day.

To open an account at tickmill, you have to go through these steps:

'choose your regulator' will determine whether you sign up for the tickmill site regulated by the UK, cyprus or the seychelles authority. We recommend going for the UK one or the EU one (cyprus) if available in your country

Fill in your name, country of residence, email address and telephone number

Add your personal information, such as your date of birth and address

Select the base currency

Provide your financial information and answer questions about your financial knowledge

Select your account type: pro, classic or VIP

Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.

Tickmill review

Tickmill is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and indices.

To open a live account, you’ll need a minimum deposit of at least $25. Alternatively, tickmill offers a demo account that you can use to practice and familiarise yourself with their platform.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

What are tickmill's spreads & fees?

Like most brokers, tickmill takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

Tickmill
EUR/USD (average: 0.7 pips)	0.2 pips + $4.00	0.7 pips	0.1 pips
GBP/USD (average: 1.1 pips)	0.7 pips + $4.00	1.7 pips	0.1 pips
USD/JPY (average: 1.1 pips)	0.2 pips + $4.00	0.6 pips	0.1 pips
AUD/USD (average: 0.8 pips)	0.4 pips + $4.00	0.6 pips	0.2 pips
USD/CHF (average: 2.3 pips)	0.7 pips + $4.00	2.3 pips	0.2 pips
USD/CAD (average: 2.9 pips)	0.6 pips + $4.00	0.5 pips	0.3 pips
NZD/USD (average: 3.6 pips)	0.7 pips + $4.00	2.8 pips	0.3 pips
EUR/GBP (average: 2.4 pips)	0.5 pips + $4.00	0.5 pips	0.1 pips

Spreads are dynamic and are for informational purposes only.

How much does tickmill charge to trade 1 lot of EUR/USD?

Tickmill	IG	XTB
spread from :	$ 0.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 0.00	$ 6.00	$ 2.00
$6 more	$2 more
visit tickmill	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with tickmill?

FX / currency cfds	tickmill	IG	XTB
# of forex pairs offered	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes
exotic forex pairs	yes	yes
cryptocurrencies	no	yes	yes

commodity cfds	tickmill	IG	XTB
# of commodities offered	34	21
metals	yes	yes	yes
energies	no	yes	yes
agricultural	no	yes	yes

index & stock cfds	tickmill	IG	XTB
# of stocks offered	8000	1606
UK shares	no	yes	yes
US shares	no	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see tickmill's instruments	see IG's instruments	see XTB's instruments

What’s the tickmill trading experience like?

1) platforms and apps

Tickmill also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that tickmill offers its traders below.

Trading features:

Accounts offered:

Demo account

Mini account

Standard account

Zero spread account

ECN account

Islamic account

Funding methods:

3) client support

Tickmill support a wide range of languages including english, spanish, russian, chinese, indonesian, and vietnamese.

Tickmill has a brokernotes double AA support rating because tickmill offer over three languages email and phone support.

4) what you’ll need to open an account with tickmill

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

To start the process of opening an account with tickmill you can visit their website here.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Tickmill not quite right?

Compare these tickmill alternatives or find your next broker using our free interactive tool.

Tickmill seychelles vs uk

Tickmill homepage

Client support

English
- Русский
- Indonesian
- Español
- 中文
- Việt nam
- 한국어
- ภาษาไทย
- Portuguese
- العربية
- Türkçe
- Bahasa melayu

Client area registration 1/2

Estimated time to complete your registration is 3 minutes
please complete the following form using latin letters only

© 2015-2021 tickmill ™
website terms & conditions | terms of business | risk disclosure
tickmill.Com is owned and operated within the tickmill group of companies. Tickmill group consists of tickmill UK ltd, regulated by the financial conduct authority (registered office: 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ, united kingdom), tickmill europe ltd, regulated by the cyprus securities and exchange commission (registered office: kedron 9, mesa geitonia, 4004 limassol, cyprus),tickmill south africa (PTY) LTD, FSP 49464, regulated by financial sector conduct authority (FSCA) (registered office: the colosseum, 1st floor, century way, office 10, century city, 7441, cape town), tickmill ltd, regulated by the financial services authority of seychelles and its 100% owned subsidiary procard global ltd, UK registration number 09369927 (registered office: 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ, united kingdom), tickmill asia ltd - regulated by the financial services authority of labuan malaysia (license number: MB/18/0028 and registered office: unit B, lot 49, 1st floor, block F, lazenda warehouse 3, jalan ranca-ranca, 87000 F.T. Labuan, malaysia).

Risk warning: all financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors and you can lose more than your initial deposit. Please ensure that you fully understand the risks involved, and seek independent advice if necessary. See our risk disclosure .
The information on this site is not directed at residents of the united states and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Important notice

You are about to leave tickmill europe ltd client area registration page. By clicking “continue” you will be redirected to the registration page of tickmill UK ltd, a company registered in the UK and regulated by the financial conduct authority of the united kingdom.

You are about to leave tickmill europe ltd client area registration page. By clicking “continue” you will be redirected to the registration page of tickmill ltd, a company registered in the seychelles and regulated by the financial services authority of seychelles.

Tickmill review 2021

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

🏆 top 5 stock brokers

🏆 top 5 forex brokers

Summary

Recommended for forex traders looking for low fees and prefer metatrader 4 platform

Tickmill is considered safe because it is regulated by the top-tier FCA.

Tickmill pros and cons

Tickmill has low forex and non-trading fees. The account opening is fast, easy, and fully digital. You can use a lot of options for deposit or withdrawal, and they're free of charge.

Pros	cons
• low forex fees	• only forex and cfds
• fast and easy account opening	• trading platforms with outdated design
• free deposit and withdrawal	• basic news feeds

tickmill main features and highlights

��️ country of regulation	UK, cyprus, seychelles, south africa, malaysia
�� trading fees class	low
�� inactivity fee charged	no
�� withdrawal fee amount	$0
�� minimum deposit	$100
�� time to open an account	1 day
�� deposit with bank card	available
�� depositing with electronic wallet	available
�� number of base currencies supported	4
�� demo account provided	yes
��️ products offered	forex, CFD

Author of this review

Ádám nasli

Everything you find on brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Tickmill review
fees

Tickmill has low forex, but average CFD fees. There is no fee for deposit, withdrawal, or inactivity.

Pros	cons
• low forex fees	• average CFD fees
• no withdrawal fee
• no inactivity fee

tickmill fees snapshot

assets	fee level	fee terms
EURUSD	low	pro account pricing: €2 commission per trade per lot plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD	low	pro account pricing: £2 commission per trade per lot plus spread cost. 0.3 pips is the average spread cost during peak trading hours.
S&P 500 CFD	average	the fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee	low	no inactivity fee

How we ranked fees

We ranked tickmill's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

To have a clear overview of tickmill, let's start with the trading fees.

Tickmill trading fees

Tickmill's trading fees are low. There are different cost structures for different account types. We tested the pro account, which charges a commission but offers tight spreads.

We have chosen popular instruments in each asset class usually provided by the forex brokers:

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

Stock index cfds: SPX and EUSTX50

30:1 for forex

20:1 for stock index cfds

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for tickmill fees.

Forex fees

Tickmill has low forex fees. The forex fees are one of the lowest among the brokers we have reviewed.

Tickmill forex benchmark fees of a $20,000 30:1 long position held for one week

tickmill	axitrader	FXCM
EURUSD benchmark fee	$6.8	$5.1	$12.5
GBPUSD benchmark fee	$5.0	$4.3	$5.6
AUDUSD benchmark fee	$5.0	$3.4	$8.8
EURCHF benchmark fee	$4.7	$2.9	$3.3
EURGBP benchmark fee	$7.8	$5.2	$16.4

CFD fees

CFD fees are average.

Tickmill CFD fees for a $2,000 long position held for one week

tickmill	axitrader	FXCM
S&P 500 index CFD fee	$1.5	$1.3	$1.5
europe 50 index CFD fee	$1.2	$2.3	$1.6

Non-trading fees

Tickmill has low non-trading fees. There is no fee for deposit, withdrawal, or inactivity.

Tickmill non-trading fees

tickmill	axitrader	FXCM
account fee	no	no	no
inactivity fee	no	no	yes
deposit fee	$0	$0	$0
withdrawal fee	$0	$0	$0

Tickmill review
account opening

Tickmill has a fast and easy account opening process. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP accounts.

Can you open an account?

Visit broker
73% of retail CFD accounts lose money

Tickmill accepts clients from all over the world. There are only a few exceptions, e.G. Customers from the US or canada can't open an account.

What is the minimum deposit at tickmill?

The required minimum deposit at tickmill is $100 . For a VIP account, you need to maintain a minimum $50,000 balance.

Account types

Tickmill has several account types that differ in pricing, minimum deposit, and minimum account balance.

Tickmill account types

pro	classic	VIP
minimum deposit	$100	$100	-
minimum account balance	-	-	$50,000
pricing	tight spread plus commission	wide spread, but no commission	tight spread plus commission
commission per $100,000 trade	$2	no commission	$1

The criteria for professional clients:

An average frequency of 10 trades per quarter in the previous four quarters

Size of your financial instrument portfolio exceeds €500k

You have at least one year experience in a relevant financial position

How to open your account

Account opening is fully digital, fast and straightforward. You can fill out the online application form in a matter of minutes. Our account was verified within one day.

To open an account at tickmill, you have to go through these steps:

'choose your regulator' will determine whether you sign up for the tickmill site regulated by the UK, cyprus or the seychelles authority. We recommend going for the UK one or the EU one (cyprus) if available in your country

Fill in your name, country of residence, email address and telephone number

Add your personal information, such as your date of birth and address

Select the base currency

Provide your financial information and answer questions about your financial knowledge

Select your account type: pro, classic or VIP

Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.

UK economy: suddenly taking a nosedive

Retail sales data failed to support GBP rally above 1.37. PMI reports also delivered a heavy blow for the british currency, especially in the services sector, where the index of activity fell to 38.8 points (vs. 45 points forecasts). In other words, markets expected a minor slack in the sector’s activity but got sharp deceleration. Regarding retail sales, mom growth figure is a big negative surprise, just 0.3% (1.2% forecast). There may be definitely a revival of speculations about negative rates from the bank of england, effectively killing upside momentum in GBP.

UK PM johnson added to the darkening news background, saying that the third round of lockdowns could drag on until the summer. This could force investors to reassess economic damage to the british economy, which should be reflected in additional GBP weakness. GBP move against its main peers (EUR and GBP) is significant with losses reaching 0.5% against both. The suddenly changed tone for lockdowns and the economy certainly allows us to consider a deeper correction - to 1.3550 for GBPUSD and 0.90 for EURGBP next week, as the fundamental background should create some sustainable momentum:

Germany's service sector is emerging from the crisis driven by the december lockdown, PMI data showed. As in other countries, germany's service sector has suffered more than the manufacturing sector. Activity indices in january turned out to be slightly than expected (51.5 points against 50.5 forecast), while positive impulse in production, judging by the data, gave the first signals of slowing down (57.0 points against 57.5 forecast). PMI data for the eurozone indicate that expansion of activity flatlined in january.

The latest unemployment claims data pointed at welcomed albeit fragile balance in the US labor market. Claims for unemployment benefits stopped accelerating and even slowed down slightly compared to the previous week. Initial claims rose by 900K (forecast 910K), continuing claims fell to 5.04 million (forecast 5.4 million). Activity in private construction - both building permits (+4.5% mom) and housing starts (+5.8% mom) somewhat soothed investors’ concerns about deterioration in the US housing market.

Regarding the ECB meeting, there was no major surprises from christine lagarde, however, inflation data contained some encouraging news for the euro. Professional forecasters of the ECB have revised upward the forecast for inflation expectations, which bodes well for normalization of interest rates as the ECB takes into account this data as well.

Source: frederik ducrozet

Powell is speaking next week and he certainly won't talk about rates normalization given the upcoming $ 1.9 trillion stimulus package. Otherwise, there is a risk of destabilizing market rates, which is not in the interests of either the fed or the government. Given the moderate positive from the bank of norway, canada, hidden positive from the ECB, USD index could dive below 90 again next week ahead of wednesday's meeting with the biggest move seen in EURUSD.

Disclaimer: the material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

High risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 65% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

The friday forex takeaway - episode 66

Weekly live market & trade analysis

Key economic reports and events for the week ahead

Eu bond prices plunge as ecb hints that it may unwind some support

Weekly live market & trade analysis

Uk economy: suddenly taking a nosedive

The friday forex takeaway - episode 66

Ecb holds rates steady & maintains december forecasts

Daily market outlook, january 22, 2021

Chart of the day S&p500

Boc sends loonie lower as rates remain on hold

Reflation bet in the us appears to be gaining traction

POPULAR TAGS

Tickmill is the trading name of tickmill group of companies.

Clients must be at least 18 years old to use the services of tickmill.

IG vs tickmill 2021

Is IG better than tickmill? After testing 27 of the best forex brokers over five months, IG is better than tickmill. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, competitive pricing, and an extensive list of tradeable products. This fantastic all-round experience makes IG the best overall broker in 2021.

Select brokers keyboard_arrow_down

Overall rating

feature	IG	tickmill
overall	5	4
commissions & fees	5	5
offering of investments	5	3
platforms & tools	5	3
mobile trading	5	3
research	5	4
education	5	4
trust score	99	81
IG review	tickmill review
winner	check_circle
75% of retail CFD accounts lose money	76% of retail CFD accounts lose money

Regulation

Tier-1 licenses (high trust)

Investments

Funding

Trading platforms

Trading tools

Mobile trading

Research

Education

Major forex pairs

Overall

feature	IG	tickmill
overall	5	4
commissions & fees	5	5
offering of investments	5	3
platforms & tools	5	3
mobile trading	5	3
research	5	4
education	5	4
trust score	99	81
IG review	tickmill review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare IG vs tickmill.

Does IG or tickmill offer lower pricing?
Comparing the trading costs of forex and cfds is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, tickmill offers better pricing overall for traders.

Is IG or tickmill safer for forex and cfds trading?
At forexbrokers.Com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. IG holds 6 global tier-1 licenses, while tickmill holds 1. IG holds 3 global tier-2 licenses, while tickmill holds 2. All regulators considered, IG has a trust score of 99.00, while tickmill's trust score is 81.00.

Which trading platform is better: IG or tickmill?
To compare the trading platforms of both IG and tickmill, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about metatrader and copy trading?
For forex and cfds traders, copy trading and metatrader are both popular platform options. IG and tickmill both offer copy trading. Both IG and tickmill offer metatrader 4 (MT4).

How many forex pairs and cfds are available to trade?
IG provides traders 104 currency pairs (e.G., EUR/USD) compared to tickmill's 62 available pairs. Forex pairs aside, IG offers traders access to 19537 cfds while tickmill has 13 available cfds, a difference of 19,524.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

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XM group vs tickmill 2021

Is tickmill better than XM group? After testing 27 of the best forex brokers over five months, XM group is better than tickmill. While XM group struggles to stack up against industry leaders, in terms of its platform offering, range of markets, and pricing, XM group provides an outstanding offering of quality educational content and market research.

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Overall rating

feature	XM group	tickmill
overall	4	4
commissions & fees	4	5
offering of investments	4	3
platforms & tools	4	3
mobile trading	4	3
research	4.5	4
education	4.5	4
trust score	84	81
XM group review	tickmill review
winner	check_circle
77.55% of retail CFD accounts lose money	76% of retail CFD accounts lose money

Regulation

Tier-1 licenses (high trust)

Investments

Funding

Trading platforms

Trading tools

Mobile trading

Research

Education

Major forex pairs

Overall

feature	XM group	tickmill
overall	4	4
commissions & fees	4	5
offering of investments	4	3
platforms & tools	4	3
mobile trading	4	3
research	4.5	4
education	4.5	4
trust score	84	81
XM group review	tickmill review

Does tickmill or XM group offer lower pricing?
Comparing the trading costs of forex and cfds is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, tickmill offers better pricing overall for traders.

Is tickmill or XM group safer for forex and cfds trading?
At forexbrokers.Com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. XM group holds 2 global tier-1 licenses, while tickmill holds 1. Both tickmill and XM group hold 2 global tier-2 licenses. All regulators considered, XM group has a trust score of 84.00, while tickmill's trust score is 81.00.

Which trading platform is better: tickmill or XM group?
To compare the trading platforms of both tickmill and XM group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM group offers a better experience. With research, XM group offers superior market research. Finally, we found XM group to provide better mobile trading apps.

What about metatrader and copy trading?
For forex and cfds traders, copy trading and metatrader are both popular platform options. Tickmill and XM group both offer copy trading. Both tickmill and XM group offer metatrader 4 (MT4).

How many forex pairs and cfds are available to trade?
Tickmill provides traders 62 currency pairs (e.G., EUR/USD) compared to XM group's 57 available pairs. Forex pairs aside, XM group offers traders access to 1273 cfds while tickmill has 13 available cfds, a difference of 1,260.

Overall winner: XM group

Fxprimus vs tickmill

If you're choosing between fxprimus and tickmill, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. We've also displayed one of our most popular brokers, avatrade, as another alternative to consider.

What would you like to compare?

Trading services

Markets & instruments

Platform & features

Account features

Trading conditions

Risk management

Funding methods

Fees

update results

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Fxprimus is regulated by cysec, mifid. Fxprimus have provided forex trading services since 2009.

Tickmill is regulated by FSA SD008. Tickmill have provided forex trading services since 2014.

Avatrade is regulated by the central bank of ireland, ASIC (australia), FSA (japan), FSB (south africa) and BVI. Avatrade have provided forex trading services since 2006.

TRADING SERVICES OFFERED

71% of retail investor accounts lose money when trading cfds with this provider

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

English, spanish, indonesian, chinese, thai, vietnamese, hungarian, and malaysian

English, spanish, russian, chinese, indonesian, and vietnamese

English, italian, german, french, greek, hebrew, spanish, arabic, malay, russian, chinese, portuguese and dutch

71% of retail investor accounts lose money when trading cfds with this provider

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by fxprimus and tickmill

71% of retail investor accounts lose money when trading cfds with this provider

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

TRADING CONDITIONS

RISK MANAGEMENT

FUNDING METHODS

71% of retail investor accounts lose money when trading cfds with this provider

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

DETAILED INFO

71% of retail investor accounts lose money when trading cfds with this provider

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

71% of retail investor accounts lose money when trading cfds with this provider

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

All information collected from http://www.Fxprimus.Com/. Last updated on 01/01/2021.

All information collected from http://www.Tickmill.Com/. Last updated on 01/01/2021.

All information collected from http://www.Avatrade.Com/. Last updated on 01/01/2021.

As a brokerage company that will not trade against you and regulated by multiple authorities across eurpoe, FX primus is a firm you can trust. They are part of a select group of brokers that undergo an annual audit to provide transparency and comfort knowing they are above board and comply with all facets of the law.

FX primus have partnered with industry experts to provide their users with the most advanced techology resulting in optimal trading enviornments with low latency and fast execution. They pride themselves on their customer support team and thus provide 25 hour support, 5 days a week.

Tickmill is an online forex trading service provider who are regulated by the financial services authority. To open an account with tickmill, minimum deposits start from $25 or equivalent.

With tickmill you can trade forex, stocks, indices, commodities, cfds and metals. If you like to trade on the go, tickmill have iphone, ipad and android apps so you can trade from anywhere on your phone.

Tickmill offer metatrader 4, metatrader 4 for PC & MAC, metatrader 4 for android & ios, virtual private server (VPS) platforms to make your trades and support 6 different languages.

The spreads offered by tickmill for the most popular instruments are:
1 EUR/USD, 3 FTSE 100, 13 GOLD,
1.5 GBP/USD, 4 DOW/JONES, 4 crude oil,
see all the spreads here.

For more information about trading with tickmill, we have put together an indepth tickmill review with all the pros and cons about this broker.

Since 2006, avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.
For more information about trading with avatrade, we have put together an indepth avatrade review with the pros and cons about this broker.

Popular comparisons feat. Fxprimus

Popular comparisons feat. Tickmill

Popular comparisons feat. Avatrade

so, let's see, what we have: registered in the seychelles, you might be wondering is tickmill legit? Since 2016, tickmill have been FCA regulated in the UK. They offer a low minimum deposit, a vast range of accounts and more. Learn more in our in-depth review of tickmill. At tickmill seychelles vs uk