
Tickmill Review (2026)
Follow research updates for Tickmill →Low-cost multi-entity broker favoured by scalpers and EAs; licences and protection vary by country.
Licences: FCA, CySEC, FSCA, FSA — the exact entity (and protection) depends on your country. See licence evidence ↓
The 60-second verdict
Tickmill scores 83/100 on our method — best suited to low fees, scalping & eas, tier-1 and eu entities traders, and a weaker fit if you want beginners wanting hand-holding.
Best for
- Low fees
- Scalping & EAs
- Tier-1 and EU entities
Not best for
- Beginners wanting hand-holding
- US residents
Score breakdown
Affiliate commission is weighted 0% and never affects this score.
Regulation & legal entities
| Regulators | FCA — United Kingdom, licence 717270 (Tier 1)Verified on registerchecked 2026-09-09 CySEC — Cyprus, licence 278/15 (Tier 2)Verified on registerchecked 2026-08-22 FSCA — South Africa, licence 49464 (Tier 2)Verified on registerchecked 2026-09-23 FSA — Seychelles, entity on the register (no licence number published) (Tier 3)Verified on registerchecked 2026-09-23 |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | Yes |
| Compensation scheme | ICF 90% up to €20,000 (EU entity) · FSCS up to £85,000 (UK entity) |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | Yes, for retail clients where required/applicable by region |
Source: our licence-evidence log — status shown per licenceConfirm licence numbers on the official register before depositing.
Is Tickmill regulated? Full register check, entity by entity →
| Tickmill UK Ltd | FCA 717270 | Verified on register | 2026-09-09 |
| Tickmill Europe Ltd | CySEC 278/15 | Verified on register | 2026-08-22 |
| Tickmill South Africa (Pty) Ltd | FSCA 49464 | Verified on register | 2026-09-23 |
| Tickmill Ltd | FSA Register entry ↗ | Verified on register | 2026-09-23 |
| Tickmill Asia LtdHistorical correction: Tickmill Asia Ltd appears on Labuan FSA's surrendered/revoked money-brokers list as at 29 January 2026, read first-hand again 23 September 2026, with surrender effective 10 January 2025. The list confirms the entity and surrender, but does not print MB/18/0028. That historical number remains unverified. Not current regulation; the older broker agreement predates the surrender. | Labuan FSA MB/18/0028 | Corrected — verify | 2026-09-23 |
We corrected a licence record for Tickmill after checking the official register — details in our public corrections log.
- 2025-09-29 · CVM (Brazil): CVM issued Declaratory Act 23.967, a stop order against unauthorised solicitation of Brazilian residents, naming Tickmill Ltd, Tickmill UK Ltd, Tickmill Europe Ltd, Tickmill South Africa (Pty) Ltd and group subsidiary Procard Global Ltd. CVM's position is that no institution is authorised to offer these products to the Brazilian public. official source
- 2021-03-26 · FCA (United Kingdom): FCA clone-firm warning about 'FxoptionTrade Limited', an unauthorised firm impersonating Tickmill UK Ltd. The notice identifies Tickmill UK Ltd (FRN 717270) as the genuine authorised firm with no connection to the clone — a warning about impersonators, not an action against Tickmill. official source
Neutral, sourced notes only — not an accusation. We show documented regulatory history where we have an official source.
Which Tickmill entity would onboard you?
The brand is not the counterparty — the legal entity on your client agreement sets your regulator, protections and terms. These are the entities we track for this broker.
| Legal entity | Regulator | Typically onboards | Protection notes |
|---|---|---|---|
| Tickmill UK Ltd United Kingdom | FCA (Tier 1) Tickmill's own page advertises FSCS protection 'up to £120,000 per person'; the FSCS's own site states the investment limit is £85,000. Confirm what is statutory cover and what is separate private insurance before relying on either figure. | GB | FSCS (statutory investment limit £85,000) |
| Tickmill Europe Ltd Cyprus (EU) | CySEC (Tier 2) This entity's client agreement requires clients to warrant they are not resident in Japan, the USA, Canada, Turkey or FATF-blacklisted countries. CySEC's register records the firm's former name as Vipro Markets Ltd. | IE, DE, FR, ES, IT, NL, BE, AT, PT, PL, SE, DK, FI, GR, CZ, HU, RO, BG, HR, SK, SI, EE, LV, LT, LU, MT, CY, IS, LI, NO | ICF — 90% of the claim, up to €20,000 |
| Tickmill South Africa (Pty) Ltd South Africa | FSCA (Tier 2) | ZA | No compensation scheme identified |
| Tickmill Ltd Seychelles | FSA (Seychelles) (Tier 3) Rest-of-world default entity, outside the FCA/CySEC investor-protection schemes. Its client agreement (May 2026) reserves the right to charge up to 5.2% commission on a withdrawal where there has been insufficient trading activity since the last deposit — read clause 4.7 before funding. | Most other countries (rest-of-world default) | No compensation scheme identified · No NBP |
See which entity likely applies to your country with the entity checker — and always confirm the entity named on your client agreement at signup.
Fees & spreads
| Advertised starting spreadSpreadThe gap between the buy (ask) and sell (bid) price. It's a core trading cost — tighter spreads are cheaper for you. (Raw) | from 0 pips |
| CommissionCommissionA flat per-trade fee, common on raw/ECN accounts that show tighter spreads. Always compare spread + commission together as the all-in cost. | Raw (Europe): USD 6 round turn per lot |
| Minimum deposit | $100 |
| Inactivity fee | Tickmill Ltd (Seychelles): $10/quarter after 12 months + 10 days dormant (60-day archive carries no fee) |
| All-in cost index | $···· (1/5) |
The spread and commission examples use Tickmill Europe's Raw forex account. The inactivity figure comes from the separate Seychelles agreement. These are published findings, not live quotes or terms for every account.
Tickmill fee checklist: Classic or Raw?
The forex figures here come from Tickmill Europe Ltd's account and fee pages. Match the company, account, platform and currency on your application; this is not a fee schedule for every Tickmill entity.
Classic · MT4 / MT5
No separate trading commission
The account page advertises spreads from 1.6 pips. Spread costs remain even when commission is zero.
Raw · MT4 / MT5
USD 3 per lot per side · USD 6 round turn
The forex example includes opening and closing. Add the spread; the advertised 0.0-pip minimum is not an average quote.
What does that mean for one EUR/USD trade?
For one standard lot of EUR/USD in a USD account, one pip is USD 10. At an assumed 0.2-pip spread, the spread costs USD 2. Adding the Raw account's USD 6 round-turn commission gives USD 8 before swaps, slippage and other charges. The 0.2-pip spread is an illustration, not a live or measured Tickmill quote.
- Overnight positions
- Check the current long or short swap for your instrument and holding dates. A commission comparison does not include financing.
- Funding and withdrawals
- The European account table shows a starting deposit of 100, qualified by account currency. Its payment page states no Tickmill withdrawal fee, but bank, e-wallet and conversion charges can remain. Confirm your payment method and verification requirements; broker processing is separate from arrival.
- Inactivity is a separate, entity-specific charge
- Our dormancy guide reads the Tickmill Ltd (Seychelles) agreement. Its quarterly fee and archive rules are not presented as Tickmill Europe or UK terms.
Broker publications read :
- Tickmill Europe account comparison ↗
- Tickmill Europe trading costs and fees ↗
- Tickmill Europe deposits and withdrawals ↗
Published account terms do not establish which company will accept your application. Use the country and company checks above before relying on a quote.
Our full read
Tickmill's pitch is cost: it is one of the few brokers where the raw-spread-plus-commission maths genuinely favours high-volume traders, which is why scalpers and EA runners keep ending up here. Our read, after living in its client agreement for a week, is that the pricing pitch is real — and that the fine print rewards anyone who actually reads it. Below is what we found first-hand, clause by clause.
The fee everyone misquotes
Search for "Tickmill inactivity fee" and you'll find two confident, contradictory answers — "$10 after 60 days" and "no fee at all". Both are wrong, because the client agreement defines two different states at two different timescales (clauses 6.12.1–6.12.3, which we read verbatim). After 60 quiet days a small-balance account is merely archived — no fee, balance moved to your wallet. The real charge — 10 USD/EUR/GBP/CHF per quarter — starts only once the whole client area has been dormant for 12 months and 10 days, and only while a small balance remains; leftover amounts of 10 units or less get written off in one step instead. The details are in our inactivity-fee guide; the takeaway is that the fee is far milder than most reviews claim, and that nobody should be taking fee information about this broker from secondary sources — including, until you verify it, us.
The 5.2% clause
The marketing says zero withdrawal fees, and for normal use that matches reality. But the offshore entity's agreement reserves the right to charge up to 5.2% on withdrawals where the account shows insufficient trading activity — the anti-arbitrage clause aimed at people who deposit, collect a perk, and withdraw without trading. Most clients will never meet it; anyone planning to park money briefly should know it exists. We documented it in the withdrawal-fees guide because no ranking review we checked mentions it at all.
Compensation: the £85,000 that matters
Tickmill's UK marketing has advertised £120,000 of protection. The FSCS's own statutory limit for investment claims is £85,000, and that is the figure we publish. The gap isn't a scandal — brokers sometimes bundle insurance on top — but a compensation number is exactly the kind of claim worth taking from the scheme itself rather than from anyone's marketing, ours included.
Which Tickmill you get
This is a multi-entity operation, and your protections depend entirely on which company onboards you. The Cyprus entity (CySEC licence 278/15 — read first-hand on the register, where its past life as Vipro Markets Ltd is also visible) and the UK entity (FCA 717270, status Authorised — read via the regulator's official API) carry the European-style protections; the Seychelles entity does not. Two register facts worth knowing that Tickmill's own materials lagged on: the Labuan licence was surrendered in January 2025 while a mid-2024 Tickmill PDF still listed it as current — a stale-status case now in our public study — and Brazil's CVM issued a stop order in late 2025 naming five Tickmill entities, which is why Brazilian visitors get research content instead of a referral from us. Our Tickmill scan tracks every licence with its verification status.
The honest loss numbers
Tickmill's own sites disclose that 69% of UK retail accounts and 73% of EU retail accounts lose money trading CFDs with the respective entities. We display those figures verbatim wherever we link to them — and if two-thirds of clients losing money sounds like a reason to think twice, that's the correct reading of a statistic every CFD broker must publish, not a Tickmill-specific warning.
Who it suits
Cost-sensitive, self-directed traders — especially high-volume forex and EA users on MT4/MT5 — who will trade under the Cyprus or UK entity and read agreements the way this page just did. It's a thinner fit for beginners wanting hand-holding (the asset range is forex-and-CFD-focused, not a multi-asset supermarket) and for anyone who'd be onboarded offshore without understanding what that changes. Either way: the demo costs nothing, and the documents are all public — we've linked the ones that matter.
Pros
- Among the lowest all-in costs with raw spreads and low commission
- FCA + CySEC regulation and a solid reputation among active traders
- Fast execution suited to scalping and automated strategies
Cons
- Narrower instrument range; limited crypto
- Offshore entity offers much higher leverage with weaker protection
- Offshore agreement reserves up to 5.2% commission on a withdrawal after insufficient trading activity
Products & markets
Tickmill's own deposit/withdrawal page states it charges zero withdrawal fees, but the offshore (Seychelles) client agreement separately reserves the right to raise commission on a withdrawal up to 5.2% where there has been insufficient trading activity since the last deposit (clause 4.7). Read the agreement for the entity that onboards you.
This figure belongs to a legal entity, not to the brand, and each entity reports its own. See how Tickmill compares in our CFD loss-rate study, read verbatim from the brokers' own sites.
Complaints & track record
Widely used by cost-focused active traders. We hold no complaints dataset for this broker, so we make no claim about complaint volumes either way. The one documented regulator action in our records is CVM Brazil's 2025 stop order (below); the FCA has separately warned about clone firms impersonating Tickmill UK Ltd, which is a warning about impersonators rather than about Tickmill.
Tickmill — common questions
Is Tickmill regulated?
Tickmill is regulated by FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles). Client funds are held in segregated accounts, with ICF 90% up to €20,000 (EU entity) · FSCS up to £85,000 (UK entity). The applicable licence and investor-protection scheme depend on the legal entity that onboards you, which varies by country — confirm the specific licence on the regulator's official register before depositing.
What is the minimum deposit at Tickmill?
Tickmill minimum deposit is $100. Deposit methods include Card, Bank transfer, Skrill, Neteller. Available payment methods may vary depending on your jurisdiction, and depending on the payment method, third-party or bank charges may apply.
How long do withdrawals take at Tickmill?
Typical withdrawal time is Same – next day. Actual speed depends on your payment method and identity verification.
Is Tickmill good for beginners?
Tickmill is better suited to traders with some experience (beginner score 76/100). Beginners may prefer a simpler, lower-risk platform.
How does Clarytrade make money from this review?
If you open an account through our link, Tickmill pays us a commission at no extra cost to you. It does not affect our score — commission is weighted 0% in our method.
This is a research-based review. We use published broker information, regulatory registers, pricing disclosures and platform documentation, scored against our published 8-criteria method— we don't claim live account testing unless stated. Figures are indicative; verify current terms with Tickmill before depositing. We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
Compare Tickmill with similar platforms
Copy trading is not intended for EU/UK/AU-based audiences
Costs and charges may vary depending on the jurisdiction

