Tickmill europe
Risk warning: all financial products traded on margin carry a high degree of risk to your capital.
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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).
Tickmill europe
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© 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 group licenses
& regulation
Group licenses
Cyprus securities and exchange commission (cysec)
Tickmill europe ltd is authorised and regulated by the cyprus securities and exchange commission as a CIF limited company.
Cysec is the financial regulator of the republic of cyprus, established according to section 5 of the securities and exchange commission (establishment and responsibilities) law of 2001. The purpose of cysec is to safeguard investor protection and facilitate the sound development of the securities market through the exercise of efficient supervision.
Seychelles financial services authority (FSA)
Tickmill ltd is regulated as a securities dealer by the seychelles financial services authority.
FSA is established under the financial services authority act 2013. The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in seychelles through a solid regulatory regime.
Financial conduct authority (FCA)
Tickmill UK ltd is authorised and regulated by the financial conduct authority.
FCA register number: 717270
The FCA is an independent public body given statutory powers by the financial services and markets act 2000, regulating the conduct of both retail and wholesale financial services firms in the UK. The regulator’s mission is to make financial markets work well with the aim to protect consumers, enhance market integrity and promote competition.
Labuan financial services authority (labuan FSA)
Tickmill asia ltd is authorised and regulated by the labuan financial services authority.
Labuan FSA acts as the central regulatory, supervisory and enforcement authority of the international business and financial services industry in labuan. The authority plays a vital role in ensuring all entities operating under labuan IBFC abide by the highest financial standards.
Financial sector conduct authority (FSCA)
Tickmill south africa (pty) ltd is authorised and regulated by the financial sector conduct authority (FSCA).
Licence number: FSP 49464
The financial sector conduct authority (FSCA) serves as the dedicated market authority in south africa with a mission to enhance the efficiency and integrity of financial markets, promote fair customer treatment by financial institutions and assist in maintaining financial stability.
Registrations
Financial conduct authority
Federal financial supervisory authority
Commissione nazionale per le società e la borsa
Autorité de contrôle prudential
Comisión nacional del mercado de valores
Directives and memberships
Mifid II
The european union’s markets in financial instruments (mifid II) directive 2014/65/EU provides a harmonised regulatory regime for the provision of investment services within the european economic area. The key objectives of the directive are to maximise efficiency, increase financial transparency, encourage competition and offer greater consumer protection. Mifid II allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.
Financial services compensation scheme (FSCS)
Tickmill UK ltd is a member of the financial services compensation scheme (FSCS). The FSCS is an independent compensation fund of last resort for customers of authorised UK financial services firms, set up under the financial services and markets act 2000. The FSCS’s objective is to pay compensation up to the value of £85,000 per client if a firm is unable or likely to be unable to pay claims against it in the event the firm has stopped trading or has declared to be in default.
Investor compensation fund (ICF)
Tickmill europe ltd is a member of the investor compensation fund (ICF). The ICF has been set up according to article 59(1) and (2) of law 144(Ι)/2007 as an investor compensation fund for CIF clients and its functions are regulated by the directive DI87-07 of cysec. The fund’s objective is to secure the claims of covered clients against the ICF members through the payment of compensation for any claims arising from the failure of a member of the fund to meet its obligations.
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Tickmill europe ltd is authorised and regulated by the cyprus securities and exchange commission – cysec (CIF licence number 278/15) and is a member of the investor compensation fund (ICF).
Tickmill europe ltd is registered with the UK financial conduct authority – FCA (registration number: 733772), the german federal financial supervisory authority – bafin (registration number: 146511), the french autorité de contrôle prudentiel et de résolution – ACPR (registration number 75473), the italian commissione nazionale per le società e la borsa – CONSOB (registration number 4310), the spanish comisión nacional de mercado de valores – CNVM (registration number: 4082).
Tickmill europe ltd is licenced to provide the investment services of reception and transmission of orders, execution of orders on behalf of clients, dealing on own account and portfolio management in relation to transferable securities, options, futures, SWAPS, forward rate agreements, financial contracts for difference (cfds) and other derivatives.
High risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading cfds with tickmill europe ltd. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. You should be aware of all the risks associated with trading contracts for difference (cfds) and seek advice from an independent adviser if you have any doubts. Please refer to the summary risk disclosure.
Tickmill expands to europe with an FCA UK regulated broker
LONDON , november 9, 2016 /prnewswire/ --
Leading online forex and CFD broker tickmill is proud to announce that it has obtained authorisation from the financial conduct authority (FCA) for its UK entity, tmill UK limited, under registration number 717270.
FCA is one of the world's most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to strict financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.
With the FCA authorisation, tickmill, a global STP and ECN broker with a strong presence in key asian and MENA markets, is set to expand its reach in the UK and europe , providing traders with excellent trading conditions, high levels of financial security, superior execution speed and personalised customer support. Tickmill has officially launched its services in the UK and europe today, on november 09 th and expects strong interest from professional algorithmic traders.
In september 2016 , tickmill clients executed more than 3.0 million trades, out of which 63% were placed by algorithms and eas, while 37% were placed manually. The company is proud to serve some of the most sophisticated retail and institutional clients in the world, who are very sensitive towards liquidity, pricing and execution quality.
Tickmill UK will be overseen by duncan anderson , who has been appointed as the chief executive officer of tickmill's UK operations. Mr anderson's extensive experience and strong industry knowledge will support tickmill's vision to become the provider of choice in terms of quality of trading services and customer experience.
"it is indeed a great honour to be working with the tickmill team," mr anderson said. "with a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in july, the company has put itself in an enviable position as a market leader and innovator. This underlines tickmill's firm belief in outstanding customer service, and to that end, I am really excited to help bring the respected tickmill brand to europe ."
Speaking about the FCA licence, mr anderson commented: "the FCA authorisation marks a new chapter in our history as we expand globally. There is now a clear path to enter the european market with a firm commitment to put our clients' interests at the heart of our operations and to deliver brokerage services of outstanding quality."
Tickmill is an award-winning global ECN broker, authorised and regulated by the FCA UK and the FSA SC. Tickmill offers trading services with a prime focus on cfds on forex, stock indices, commodities and precious metals. The company has distinguished itself by providing excellent trading conditions, with some of the lowest spreads and commissions in the industry, as well as ultra-fast execution, through its state-of-the-art london servers. Tickmill recorded a monthly trading volume of $49.1bn in june 2016, followed by a record-high $51.7bn in july.
- trading cfds can involve losses that exceed the initial investment.
Tickmill expands to europe with a UK forex license
Global NDD brokerage tickmill has officially launched its services in the UK and europe on tuesday, as its subsidiary tmill UK ltd. Acquired a license with the UK financial conduct authority (FCA).
“it is indeed a great honor to be working with the tickmill team,” said duncan anderson, appointed as CEO of the broker’s UK operations. “with a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in july, the company has put itself in an enviable position as a market leader and innovator.”
Tickmill was established in 2014 and also holds a license by the financial services authority (FSA) of the seychelles. The brokerage already has a strong presence in key markets in asia, the middle east and africa. It offers excellent trading conditions, superior execution speed and personalized customer support with a focus on algorithmic trading. Now legally expanding its reach in the UK and europe, the brokerage expects strong interest from professional algo-traders.
Indeed, tickmill’s trading conditions seem very attractive: minimum initial deposit is just $25 and you get to trade in a true ECN environment with leverage up to 1:500, spreads staring from zero and a small commission ($2/lot) on the popular metatrader 4 platform. The only thing that was missing in the brokerage’s offering was security of client funds and strong regulation. With the FCA authorization, tickmill offers traders everything they need.
FCA is one of the world’s most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.
Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the financial services compensation scheme (FSCS). FSCS’s maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent or ceases trading.
More news about tickmill
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| Broker | country | regulation | platform | min deposit | review |
| cyprus, UK, mauritius | cysec, FCA, FSC, FSCA | MT4, MT5, web | $10 | review website | |
| cyprus, SVG | cysec | MT5, web, ctrader | $100 | review website | |
| australia, cyprus | ASIC, cysec | MT4, MT5, iress | $100 | review website | |
| cyprus,belize, australia | cysec, IFSC, ASIC | MT4, MT5 | $5 | review website | |
| UK, australia, south africa | FCA, ASIC, FSCA, cysec | MT4, trading station, ninjatrader | $50 | review website | |
| UK, cyprus, UAE, south africa | FCA, cysec, DFSA, FSB | MT4, MT5, fxpro markets, ctrader | $100 | review website | |
| belize | IFSC | MT4, MT5 | $100 | review website | |
| cyprus, UK, south africa, UAE | cysec, FCA, FSCA, DFSA | MT4, MT5, web | $5 | review website |
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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 |
| ��️ 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
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
| pros | cons |
|---|---|
| • low forex fees | • average CFD fees |
| • no withdrawal fee | |
| • no inactivity fee |
| 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 | low | 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 | 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 | 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 | 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
Can you open an account?
Open account
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.
| 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 expands to europe with an FCA UK regulated broker
LONDON , november 9, 2016 /prnewswire/ --
Leading online forex and CFD broker tickmill is proud to announce that it has obtained authorisation from the financial conduct authority (FCA) for its UK entity, tmill UK limited, under registration number 717270.
FCA is one of the world's most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to strict financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.
With the FCA authorisation, tickmill, a global STP and ECN broker with a strong presence in key asian and MENA markets, is set to expand its reach in the UK and europe , providing traders with excellent trading conditions, high levels of financial security, superior execution speed and personalised customer support. Tickmill has officially launched its services in the UK and europe today, on november 09 th and expects strong interest from professional algorithmic traders.
In september 2016 , tickmill clients executed more than 3.0 million trades, out of which 63% were placed by algorithms and eas, while 37% were placed manually. The company is proud to serve some of the most sophisticated retail and institutional clients in the world, who are very sensitive towards liquidity, pricing and execution quality.
Tickmill UK will be overseen by duncan anderson , who has been appointed as the chief executive officer of tickmill's UK operations. Mr anderson's extensive experience and strong industry knowledge will support tickmill's vision to become the provider of choice in terms of quality of trading services and customer experience.
"it is indeed a great honour to be working with the tickmill team," mr anderson said. "with a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in july, the company has put itself in an enviable position as a market leader and innovator. This underlines tickmill's firm belief in outstanding customer service, and to that end, I am really excited to help bring the respected tickmill brand to europe ."
Speaking about the FCA licence, mr anderson commented: "the FCA authorisation marks a new chapter in our history as we expand globally. There is now a clear path to enter the european market with a firm commitment to put our clients' interests at the heart of our operations and to deliver brokerage services of outstanding quality."
Tickmill is an award-winning global ECN broker, authorised and regulated by the FCA UK and the FSA SC. Tickmill offers trading services with a prime focus on cfds on forex, stock indices, commodities and precious metals. The company has distinguished itself by providing excellent trading conditions, with some of the lowest spreads and commissions in the industry, as well as ultra-fast execution, through its state-of-the-art london servers. Tickmill recorded a monthly trading volume of $49.1bn in june 2016, followed by a record-high $51.7bn in july.
- trading cfds can involve losses that exceed the initial investment.
Tickmill expands to europe with a UK forex license
Global NDD brokerage tickmill has officially launched its services in the UK and europe on tuesday, as its subsidiary tmill UK ltd. Acquired a license with the UK financial conduct authority (FCA).
“it is indeed a great honor to be working with the tickmill team,” said duncan anderson, appointed as CEO of the broker’s UK operations. “with a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in july, the company has put itself in an enviable position as a market leader and innovator.”
Tickmill was established in 2014 and also holds a license by the financial services authority (FSA) of the seychelles. The brokerage already has a strong presence in key markets in asia, the middle east and africa. It offers excellent trading conditions, superior execution speed and personalized customer support with a focus on algorithmic trading. Now legally expanding its reach in the UK and europe, the brokerage expects strong interest from professional algo-traders.
Indeed, tickmill’s trading conditions seem very attractive: minimum initial deposit is just $25 and you get to trade in a true ECN environment with leverage up to 1:500, spreads staring from zero and a small commission ($2/lot) on the popular metatrader 4 platform. The only thing that was missing in the brokerage’s offering was security of client funds and strong regulation. With the FCA authorization, tickmill offers traders everything they need.
FCA is one of the world’s most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.
Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the financial services compensation scheme (FSCS). FSCS’s maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent or ceases trading.
More news about tickmill
FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.
Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
| Broker | country | regulation | platform | min deposit | review |
| cyprus, UK, mauritius | cysec, FCA, FSC, FSCA | MT4, MT5, web | $10 | review website | |
| cyprus, SVG | cysec | MT5, web, ctrader | $100 | review website | |
| australia, cyprus | ASIC, cysec | MT4, MT5, iress | $100 | review website | |
| cyprus,belize, australia | cysec, IFSC, ASIC | MT4, MT5 | $5 | review website | |
| UK, australia, south africa | FCA, ASIC, FSCA, cysec | MT4, trading station, ninjatrader | $50 | review website | |
| UK, cyprus, UAE, south africa | FCA, cysec, DFSA, FSB | MT4, MT5, fxpro markets, ctrader | $100 | review website | |
| belize | IFSC | MT4, MT5 | $100 | review website | |
| cyprus, UK, south africa, UAE | cysec, FCA, FSCA, DFSA | MT4, MT5, web | $5 | review website |
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Contact us
Got any questions? Let us know how we can help.
Get in touch
Sales line:
Client support:
Office:
Client support hours:
Mon-fri 7:00 - 16:00 GMT during daylight saving time
Registered address:
3, F28-F29 eden plaza, eden island, mahe, seychelles
Regulation:
Financial services authority (FSA seychelles) | licence no. SD 008
Registration number:
Company registration no. 8414279-1
Email:
[email protected] - get a response within 24 hours on business days
Client support:
Client support hours:
Registered address:
Office no. 5, unit 25,1st floor paragon labuan, jalan tun mustapha, 87007 labuan F.T., malaysia
Regulation:
Financial services authority of labuan malaysia | licence no. MB/18/0028
Registration number:
Company registration no. LL14858
Email:
[email protected] - get a response within 24 hours on business days
Still have questions? Find most of the answers in our FAQ section
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, address: 3, F28-F29 eden plaza, eden island, mahe, seychelles 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
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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 |
| ��️ 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
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
| pros | cons |
|---|---|
| • low forex fees | • average CFD fees |
| • no withdrawal fee | |
| • no inactivity fee |
| 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 | low | 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 | 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 | 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 | 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
Can you open an account?
Open account
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.
| 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.
So, let's see, what was the most valuable thing of this article: tickmill europe estimated time to complete your registration is 3 minutes please complete the following form using latin letters only © 2015-2021 tickmill ™ website terms & conditions | at tickmill europe
Contents of the article
- Free forex bonuses
- Tickmill europe
- Tickmill group licenses& regulation
- Group licenses
- Cyprus securities and exchange commission (cysec)
- Seychelles financial services authority (FSA)
- Financial conduct authority (FCA)
- Labuan financial services authority (labuan FSA)
- Financial sector conduct authority (FSCA)
- Registrations
- Financial conduct authority
- Federal financial supervisory authority
- Commissione nazionale per le società e la borsa
- Autorité de contrôle prudential
- Comisión nacional del mercado de valores
- Directives and memberships
- START TRADING with tickmill
- It's simple and fast to join!
- REGISTER
- CREATE AN ACCOUNT
- MAKE A DEPOSIT
- TRADING INSTRUMENTS
- TRADING CONDITIONS
- Forex & cfds
- TRADING ACCOUNTS
- PLATFORMS
- EDUCATION
- TOOLS
- PARTNERSHIPS
- ABOUT US
- SUPPORT
- It's simple and fast to join!
- Tickmill expands to europe with an FCA UK...
- Tickmill expands to europe with a UK forex license
- More news about tickmill
- More forex brokers news
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- Tickmill review 2021
- Summary
- Tickmill review fees
- Tickmill review account opening
- Can you open an account?
- What is the minimum deposit at tickmill?
- Account types
- How to open your account
- Tickmill expands to europe with an FCA UK...
- Tickmill expands to europe with a UK forex license
- More news about tickmill
- More forex brokers news
- Elon “former CEO of dogecoin” musk discusses...
- FBS new year 2021 promo comes with amazing gifts...
- FBS presents free e-mail educational courses on...
- FBS copytrade team is holding the ‘FBS copystar’...
- Award winning australian broker FP markets adds...
- Hotforex awarded best forex trading conditions...
- FBS trader awarded best mobile trading platform...
- Hotforex wins “decade of excellence forex...
- ‘risk-free investments’ now available in FBS...
- FBS offers a demo professional trading account...
- Contact us
- Get in touch
- Sales line:
- Client support:
- Office:
- Client support hours:
- Registered address:
- Regulation:
- Registration number:
- Email:
- Client support:
- Client support hours:
- Registered address:
- Regulation:
- Registration number:
- Email:
- Still have questions? Find most of the answers in...
- TRADING INSTRUMENTS
- TRADING CONDITIONS
- Forex & cfds
- TRADING ACCOUNTS
- PLATFORMS
- EDUCATION
- TOOLS
- PARTNERSHIPS
- PROMOTIONS
- ABOUT US
- SUPPORT
- Tickmill review 2021
- Summary
- Tickmill review fees
- Tickmill review account opening
- Can you open an account?
- What is the minimum deposit at tickmill?
- Account types
- How to open your account
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