Tickmill: Broker Review



Min Deposit


Min Spread




Broker Trusted Points

Tickmill is one of the most unpopular financial service providers established in the year 2014. The broker allows you to speculate on different financial assets covering Indices, Futures and CFDs on currency pairs, commodities and bonds. But, the main problem lies in the fact that asset related to each market are limited in comparison to other advance and renowned firm. The basic details, trading charges and features of the broker are listed below: 

Trading conditions 

  • Allows trading on several assets but this asset range is limited 
  • Only four types of accounts: Pro Account, VIP Account, Classic Account and Futures Account 
  • Demo account available but the time is limited 
  • Outdated MetaTrader 4 online trading platform available for trading 
  • High Swap-free accounts 
  • Slow execution speed

Trading charges 

  • Unrealistic leverage: 1:500 
  • The minimum deposit is as high as $100 
  • High spreads charged

Is Tickmill a regulated brokerage firm? 

Some of the branches are regulated by legitimate authority whereas some of them are still regulated by the local authority. Hence, it gives us a mixed review of the safety of your funds with the broker. Your money can be at risk so, think before investing. It has been more than 6 years of operation still the broker has not taken any initiative to merge its several branches.

Tradable assets

The broker allows trading on bonds, commodities, futures and CFDs on forex and indices but the number of assets is limited compared to other advanced firms. 

The major drawback of the broker is that it does not allow trading on the most important and common market that is the stock market. So, you can visit some other popular firms such as HFTrading, T1markets, ETFinance to trade stocks and other financial assets. 

Trading account

This financial service provider offers four main types of accounts which include: PRO account, CLASSIC account, Futures account and VIP account. Along with these accounts, the broker offers demo or virtual trading accounts for beginner and Islamic trading accounts. 







Minimum Deposit




50,000 (min. balance)


High and variable 

From 1.6 pips High and variable

Leverage Professional

Just 300:1



Leverage Retail

Just 30:1




Base Currency

Limited: USD, EUR, GBP, PLN




Markets available

Forex, Indices, Metals, Bond CFDs. Lacks stock trading




Features of a futures account 

  • A minimum deposit is as high as $1,000 
  • The minimum deposit is 10 times high concerning other firms
  • High commission starting from $0.85
  • limited variety of order type
  • Ticket fees applied
  • Instruments form limited exchanges: EUREX, CBOT, COMEX, CME and NYMEX.  

The minimum deposit charge for a futures account is very high ($1,000) in comparison to some other famous brokerage firms such as ROinvesting, ETFinance, T1markets and HFTrading, which charges a minimum fee of $250 on all accounts. 

Deposit and Withdrawals options

The broker provides restricted options for deposit and withdrawals, but, fails to provide some famous and commonly used methods. Also, the process of withdrawal is time-consuming and complex.

However, the broker does not accept payment from some commonly used options such as VISA, Maestro, Mastercard etc. These payment options are available with some brokers such as T1markets, HFTrading, and ETFinance accept. 

The broker takes bank fees on deposits above $5,000. The time for processing the deposit request varies from instant to seven business day for withdrawal 

Desktop and Web trading platforms

Tickmill provides trading on outdated Meta Trader 4 (trading platform for Mac, Web browser, Windows) and the CQG platform. Tickmill provides various trading platforms but when we practically compare it with other platforms, we find that the broker platform has an outdated design. It needs certain up-gradation. Apart from this, the broker has been operating since 2014, but still, it has not included MetaTrader 5. The features of each outdated platform are provided below: 

MetaTrader 4 Platform

  • 50 built-in trading indicators only
  • Trade complex financial derivatives on indices, metals bonds and forex excluding stocks 
  • Complex trading options.
  • The bot trading ability for the desktop platform only
  • Real-time quotes but it consume time 

 CQG Platform

  • Slow trading portfolio monitoring tools.
  • CQG Trader rate is as high as $75 per month.
  • CQG Desktop rate is as high as $25 per month.
  • Does not provide volume indicators, multiple time frames and news. 
  • Volume-weighted average and view liquidity depth indicators.
  • Complex trading environment.
  • Outdated trading platform available for futures. 

Mobile Trading Platforms

The broker allows traders to trade on MetaTrader 4 for mobile trading applications (for iOS and Android operating systems). With the mobile trading app trader can: 

  • Limited technical trading indicators.
  • View real-time price but the process is slow. 
  • Access to limited asset classes.

Commissions and Spreads       


  • PRO account: From 1 pip                      
  • CLASSIC account: From 1.6 pips
  • VIP account: From 1 pip

The spreads are high


The broker charges a high commission on trading as compared to other firms.

Customer Service of Tickmill

Tickmill does not provide multilingual customer support. The options available for contacting the team are limited. It includes Email, Live Chat, Online contact form and telephone. 

Cons of Tickmill 

1) Not globally regulated 

2) Limited range of analysis and research tools available 

3) Slow execution fee 

4) Outdated design of trading platforms

5) Minimum deposit for futures account is high that is $1,000 

6) The broker does not provide trading on stocks 

7) Meta Trader 5 not available 

The Bottom Line 

The choice of brokerage firm affects your trading journey and size of profit to a larger extent. Hence, your decisions should lie on deep research and authentic reviews from trusted sites. For a better experience, use 101investing, HFTrading, PrimeFin Oinvest and several others which would live up to the expectations. 

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