User Reviews
More
User comment
89
CommentsWrite a review





Score
United Kingdom
Regulated in United Kingdom
Market Maker (MM)
MT4 Full License
Global Business
High potential risk
Benchmark
Influence
Add brokers
Comparison
Quantity 92
Exposure
Score
Regulatory Index8.70
Business Index8.00
Risk Management Index0.00
Software Index9.99
License Index8.70
Single Core
1G
40G
More
Danger
Danger
Danger
More
Company Name
Tickmill UK Ltd
Company Abbreviation
Tickmill
Platform registered country and region
United Kingdom
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Tickmill's spreads can spike when Bank Indonesia (BI) announces interest rates. On the 15th, I traded USD/IDR. The spread, which is usually 10 pips, suddenly jumped to 55 pips after the central bank data was released. I immediately lost 6.6 million rupiah after placing the order. Withdrawals were even worse. I requested an 80 million rupiah withdrawal in March but only received 68 million rupiah by mid-April. They deducted a 'fund custody fee' of 15%. I asked to see the fee documentation, but they couldn't provide it, citing 'platform regulations.' BAPPEBTI's announcement stated that 'Tickmill operates without a license,' but I initially ignored it.
Warning to all investors: Tickmill platform data is unreliable, and the Malaysian team is extremely unprofessional! Believing their gold price breakout predictions, I invested all my savings, NT$300,000, only to have the system data completely corrupted the next day, with crucial historical records completely gone. The technical support, based in Malaysia, was slow to respond and evasive. After a full day of delays, they simply informed me that the data could not be restored and refused to take any responsibility. Worse still, the platform subsequently froze my account in an attempt to cover up the truth. Everyone, stay away from this scam platform that lacks technical expertise and integrity. Don't become its next victim!
As a long-time user who has traded in Thailand for over a year, I want to expose this garbage platform—Tickmill. They are like fraudsters hiding behind regulations. They manipulated prices to siphon off my hard-earned $230,000. All three hedging transactions had sufficient margin but were arbitrarily closed. When I requested a withdrawal, they first deducted a '$37 management fee.' Later, the so-called '$28 compensation' was pure deception, and my account was restricted from direct withdrawals. I emailed for 15 days but couldn’t reach the account manager, Promila. They deliberately acted on a Thursday morning and even tampered with the weekly swap calculations. How many Thai traders have had their money stolen like this? I advise everyone to flee this platform if they see it—unless they want to lose all their money.
They keep boasting that they're "data-based and secure," but it's all fake. Now I can't even withdraw my principal! Last month, I saw some earnings in my account and thought I'd withdraw the principal first, but after submitting my application, there was no further news. Customer service initially said it would take 3-5 business days to arrive, but after waiting a week, there was no response. Sometimes they said my "bank card information doesn't match my identity information," and sometimes they said my "withdrawal application format is incorrect and I need to fill it out again." It's clear they're deliberately delaying my withdrawal because they don't want me to be able to withdraw my funds! What's even worse is that when I logged into my account again today, it was locked! I contacted customer service to ask why, and they said, "The system detected a risk in the account and temporarily froze it." They couldn't specify what the risk was.
As a Vietnamese broker, I had very high expectations for Tickmill, but my experience was utterly disappointing. The following section will detail the platform's issues based on actual data and personal experience. When trading gold against the US dollar (XAU/USD), the platform advertises spreads starting from 0.0 pips, but in reality, these spreads often spike abruptly. For example, during normal market liquidity periods (such as 10:00 AM Hong Kong time), the spread suddenly jumps from 0.6 pips to 3.2 pips without warning. We recorded five such abnormal fluctuations within a week, leading to an additional cost of approximately 15%. Avoid trading on this platform.
Tickmill's slippage only hurts profitable trades. It's disgusting! In the past 30 days, I've made 32 USD/MYR trades, and 19 of them saw slippage exceeding 25 pips, while the slippage on losing trades never exceeded 5 pips. When I was making a profit of RM2,800, USD/MYR suddenly gapped down 30 pips, triggering my stop-loss, wiping out all my profits and leaving me with a RM1,200 loss. It's so blatant. I checked the BNM website, and Tickmill doesn't have any forex trading registrations, yet customer service insists it's "regulated in Malaysia." I once asked for the regulatory number in Malay, but they hemmed and hawed, unable to produce it, and hung up on me. Now, I'm down to RM28,000 of the RM75,000 I had with Tickmill. Be wary of brokers like this.
Tickmill, are you executing orders on purpose? Slippage is always bad, never good! You're driving me crazy! The data speaks for itself: when the non-farm payroll data was released, my EURUSD stop-loss order, set at 50 pips, slipped by 70 pips! A 20-pip loss is equivalent to a 2% loss on my principal! And what about my take-profit orders? I've never seen them slip even a single bit! How is that possible? Is market liquidity one-way? This is clearly your execution desk messing around, deliberately magnifying your clients' losses! Do you have an AI behind the scenes watching my account operations? They're specifically trying to make me lose money! Tickmill, you're a fake ECN company you can't afford to play with. You claim to be fair, but you're doing the dirtiest things behind the scenes! Malaysian brothers, don't be fooled by their propaganda
Last week, your Thai "gold coin data analyst" who claimed to be the owner of a company contacted me, boasting about an "internal central bank source" that could predict the direction of British pound interest rates. I foolishly believed your lies and followed your advice before the data was released, investing heavily in the market. But the market plummeted by 200 points, completely the opposite! Afterward, I cross-checked data from multiple platforms and found that the "historical volatility range analysis" you provided was entirely fabricated, with no key positions being accurate at all! Even more shocking was that during extreme market volatility, your platform experienced severe slippage, causing stop-loss orders to be ineffective and resulting in losses exceeding 50 points compared to normal market prices! After my position was liquidated, your Thai customer service representative even had the audacity to claim, "It’s your fault for not setting an appropriate stop-loss point." This is nothing but a sophisticated scam!
I've tried various brokers in Latam and Tickmill has been the worst. When I opened a position, the execution was several pips up and my operation started with negative $20 in a RAW account, which is unacceptable. I made a claim with evidence, and they responded 4 days later, telling me it was a demo account and to "learn how to use the platform", with a rude tone and zero professionalism. In that time, I had to close in negative to avoid burning the account. They don't have online support and they don't solve anything. I've seen other Latam traders report the same: sliding prices, misleading spreads, and a total lack of transparency. Terrible experience: I don't recommend Tickmill.
टिकमिल के दुर्भावनापूर्ण स्प्रेड की वजह से मुझे 480,000 रुपये का नुकसान हुआ। जब भारतीय रिज़र्व बैंक ने अपनी ब्याज दर संबंधी घोषणा की, तो मैंने USD/INR पर 83.50 का स्टॉप-लॉस लगाया। बाज़ार अचानक पाँच सेकंड के लिए रुक गया, और जब वह संभला, तो उसने 83.80 पर एक ट्रेड दिखाया—30 अंकों की असामान्य गिरावट। इससे मुझे 60,000 रुपये का नुकसान हुआ, जो 2,000 मीटर सूती धागे की कीमत के बराबर है। मेरे 15 में से 11 ट्रेड 25 अंकों से ज़्यादा गिर गए, जिससे कुल 525,000 रुपये का नुकसान हुआ। हालाँकि, मैं ICICI बैंक के प्लेटफ़ॉर्म पर भी ट्रेडिंग कर रहा था, और स्प्रेड लगातार 5 अंकों के दायरे में रहा। सेबी की जाँच से पता चला कि टिकमिल भारत में पंजीकृत भी नहीं है; इसका तथाकथित "नियमन" केवल सेशेल्स FSA द्वारा किया जाता है—बिल्कुल दिल्ली की सड़कों पर नकली डिप्लोमा बेचने वालों की तरह। इस ब्रोकर पर मेरी तरह भरोसा मत करना।
The crappy Indonesian-operated system, coupled with a hilariously fake "data foundation," is practically driving users into a fire pit! Yesterday, I traded based on the EUR/USD data your system pushed, and the real-time price was clearly stable. Just as I entered a large position, the market suddenly plummeted! When I tried to close my position and stop my loss, the crappy Indonesian system froze. When it finally recovered, my account was liquidated, with over $50,000 wiped out in an instant! I complained to Indonesian customer service, but they played dumb in their broken English, saying, "Data delays are normal!" You're using delayed data to trick users into placing orders, then system lags prevent stop-loss orders, and then you're blaming them when things go wrong. This Indonesian team isn't providing service; they're simply stealing money!
These people are clearly scammers! Friends in Thailand, if you have any money left, please withdraw it immediately and don't get involved with them. Tickmill's spreads can spike to shocking levels on nights when non-farm payroll numbers are announced. I was trading USD/MYR, where the spread is normally around 10, but suddenly it jumped to 45 points that day. I lost money after placing an order. The customer service team said, 'Non-farm payroll numbers are highly volatile, and the spread is normal.' But I asked my friends about three platforms they operate, and the spreads during non-farm payroll announcements were as high as 20 points. Withdrawals are also delayed. I requested a withdrawal of $10,000 on June 5. Customer service said, 'The funds will arrive within 5 business days,' but I didn't receive the $9,000 until July 10, and they deducted a 10% 'fund management fee.' I asked why the deduction was made and why they couldn't provide any clear terms—they just said 'platform regulations.' Don't believe Tickmill's propaganda!
Slippage and spread traps lead to huge losses. On the night of the non-farm payroll data release on March 7, 2025, I traded the GBP/USD currency pair on Tickmill and set a take-profit point of 1.2600. When the market hit 1.2605, the platform showed a slippage to 1.2520, forcing a liquidation. The original profit of RM12,000 instantly turned into a loss of RM9,800. What's even more outrageous is that the normal spread suddenly soared from 2.3 points to 18.7 points during the transaction, and immediately returned to normal after the position was closed. This is clearly malicious manipulation by the platform. This is completely contrary to the promise of "ECN low spread, zero slippage" in their advertisements. Scammer
Everyone, stay away from this scammer. Tickmill launched a "Deposit RM10,000, Get RM5,000 Bonus" promotion. I deposited RM20,000 and received a RM10,000 bonus. The promotional rules stated, "Unlock the bonus after completing 200x trading volume." I assumed I could gradually earn the bonus by trading at my normal pace. But in December, after making a profit, when I applied to withdraw my RM15,000 principal, I was told, "The principal is tied to the bonus; you must complete 300x trading volume before you can withdraw any funds." They closed my account and took the $3,718 USD in it, claiming I violated Rule 8. But I didn't violate anything; I didn't do anything. I contacted them multiple times, but they said it was a company decision. Why would they scam me? I hope they return the money and warn me.
I export coffee beans, and to mitigate exchange rate risk, I opened an account on your platform to trade USD/IDR. However, the data provided by your Indonesian team is severely delayed! While it performs normally when the international market is stable, your quotes lag by 3-5 minutes when important data is released, causing all my hedging orders to be executed at the worst possible prices! Even worse, you deliberately widen the spreads in the backend, increasing the normal 5-point spread to 25 points during critical periods! I contacted customer service, but your Indonesian manager brazenly claimed, "This is normal market behavior!" We export agricultural products, and our profits are already slim. This deception has resulted in a direct loss of 350 million rupiah! Now that harvest season has arrived, I don't even have the funds to pay farmers their advances. My entire supply chain is on the verge of collapse!
I work in foreign trade in Bangkok, Thailand, and I need to put my spare money on Tickmill to do Forex, and this broken platform makes me want to smash my computer! Let's say yesterday, I was staring at the movement of EUR/USD and was ready to close the market at 0.9825 at 10.15 pm after analyzing a lot of data the night before. And waited for this point to lock in profits. But as I pressed down, the platform just froze. The K line on the screen didn't move, like it was dead. I frantically refreshed, restarted the software, and even changed two computers at home and at the company. It was stuck for 47 minutes! And when it was time to recover, the price dropped to 0.9718. I lost 123,000 baht straight away. I complained to customer service. The woman would only say "temporary system maintenance". I asked why they didn't notify me in advance. She replied "emergency". I flipped through my trading records for half a month, and I only lost 3 times because of the platform.Caton, the total delay is nearly 300,000 baht! I'm doing foreign trade alone, is it easy to make money? Tickmill, you're a thief!
Tickmill Review Summary | |
Founded | 2014 |
Headquarters | London, UK |
Regulation | FCA, CySEC, FSCA |
Market Instruments | 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options |
Account Type | Classic, Raw, Tickmill Trader Raw |
Demo Account | ✅ |
Islamic Account | ✅ |
Max Leverage | 1:1000 |
Spread | From 1.6 pips (Classic account) |
Trading Platform | MT4/5 (Windows, MacOS, Android, iOS, WebTrader), Tickmill Trader (Android, iOS) |
Copy/Social Trading | ✅ |
Min Deposit | 100 USD/EUR/GBP/ZAR |
Payment Method | Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, WebMoney |
Deposit & Withdrawal Fee | ❌ |
Customer Support | Live chat, contact form, tel: +852 5808 7849 |
Regional Restriction | US |
Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options with three choices of trading accounts, which are the Classic, Raw, and Tickmill Trader Raw accounts. The available trading platforms include MetaTrader4/5 and Tickmill Trader.
Tickmill operates as a no dealing desk (NDD) broker. This means that the broker doesn't take the other side of clients' trades but instead passes them on to liquidity providers. Tickmill offers both retail and institutional trading services and provides access to a wide range of financial instruments. They also offer various trading platforms and account types to suit different trading styles and needs.
Pros | Cons |
• Regulated by multiple reputable authorities | • US clients are not allowed |
• Tight spreads and low commissions | • No 24/7 customer support |
• Wide range of trading platforms | |
• Access to a variety of markets | |
• Negative balance protection | |
• Multiple account types to suit different traders | |
• Rich educational resources |
Tickmill is a reputable and reliable broker that offers competitive trading conditions and a wide range of trading instruments. Its low spreads and fees, multiple account types, various trading platforms and rich tarding tools and educational resources are attractive to traders of all levels.
However, Tickmill is not available in all countries, and their customer support operates within specific working hours (Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time). It's important for potential users to verify these details ahead of registration.
Nevertheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.
Tickmill is a regulated broker that holds licenses from respected financial authorities, including
Financial Conduct Authority (FCA, No. 717270), Cyprus Securities and Exchange Commission (CYSEC, No. 278/15), Financial Sector Conduct Authority (FSCA, No. 49464), and Labuan Financial Services Authority (LFSA, No. MB/18/0028).
This indicates that it complies with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2014 and has gained a good reputation in the industry, which suggests that they are a legitimate broker.
Tickmill uses segregated accounts to keep client funds separate from its operational funds, which provides an additional layer of protection in case of the company's insolvency.
Tickmill also uses advanced security protocols and encryption technology to protect clients' personal and financial information.
The company also offers negative balance protection, which ensures that clients cannot lose more than their account balance, and it has a compensation scheme in place that can provide additional protection to eligible clients in case of the company's insolvency.
More details can be found in the table below:
Protection Measure | Detail |
Regulation | FCA, CySEC, FSCA |
Segregated Accounts | Client funds are held in segregated accounts, separated from the company's operating funds |
Negative Balance Protection | Ensuring clients' accounts cannot go below 0 |
Investor Compensation Scheme | Clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person in the event of the broker's insolvency |
SSL Encryption | Protecting clients' personal and financial information from unauthorized access |
Two-Factor Authentication | To add an extra layer of security to clients' accounts |
Anti-Money Laundering Policy | To prevent money laundering and other illegal activities |
Privacy Policy | Ensuring clients' personal information is kept confidential and used only for legitimate purposes |
Note that this table is not exhaustive and there may be other protections or security measures in place at Tickmill.
Our Conclusion on Tickmill Reliability:
Based on the information available, Tickmill appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Tickmill is a comprehensive trading platform that offers a wide range financial instruments. Their offerings include over 60 forex currency pairs, more than 15 stock indices, 500+ stocks and ETFs, bonds, various commodities including precious metals and energies, cryptocurrencies, as well as futures and options such as S&P 500, DJIA, and NASDAQ. These options provide users with the flexibility to diversify their investment portfolio.
Tradable Assets | Supported |
Currency pairs | ✔ |
Indices | ✔ |
Stocks & ETFs | ✔ |
Bonds | ✔ |
Commodities | ✔ |
Cryptos | ✔ |
Futures & Options | ✔ |
Tickmill offers three account types, including Classic, Raw, and Tickmill Trader Raw.
Account Type | Classic | Raw | Tickmill Trader Raw |
Min Deposit | 100 | ||
Available Base Currencies | USD, EUR, GBP, ZAR | USD | |
Max Leverage | 1:1000 | ||
Spread | From 1.6 pips | From 0.0 pips | |
Commission | ❌ | $3 per lot per side | $3.5 per lot per side |
All account types at Tickmill offer access to the same range of trading instruments. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law.
Prior to committing to various live trading accounts, clients have the option to explore Go Markets' offerings through the provided demo accounts, allowing them to familiarize themselves with the trading environment before engaging in real trading activities.
Step 1: Register
Click on ‘Create account’. Enter your personal details and check your email for verification.
Step 2: Upload Documents
Submit your Proof of Identity and Proof of Address to complete registration.
Step 3: Fund and Choose Platform
Open a trading account, deposit to your Tickmill wallet, transfer funds from your Tickmill wallet to your live trading account and download the trading platform of your choice to start trading.
Tickmill offers flexible leverage ranging from 1:1 to 1:1000, depending on the account type and the instrument traded.
Asset Class | Max Leverage |
Forex | 1:1000 |
Stock indices | 1:100 |
Commodities | |
Bonds | |
Cryptocurrencies | 1:200 |
Bear in mind that higher leverage levels increase the potential profits but also increase the potential losses, so it's important to use leverage carefully and manage risk appropriately.
Tickmill offers several trading platforms for its clients, including:
Overall, Tickmill's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
Tickmill offers copy trading features. This allows less experienced traders to copy the trades of more experienced traders, potentially increasing their chances of making profitable trades. It's a strategy often used by new traders or those looking to diversify their trading. You can copy top traders on Tickmill's website.
Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Tickmill accepts payments via Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, and WebMoney.
It does not charge any fees for deposits or withdrawals. However, clients are advised to check with their payment providers for any transaction fees that may apply at their end. Most deposits are instant, while the typical withdrawal processing time is within 1 working day.
Minimum deposit requirement
As we have mentioned before, the minimum deposit with Tickmill is $/€/£/R100 for all account types.
Tickmill minimum deposit vs other brokers
Tickmill | Most Other | |
Minimum Deposit | $/€/£/R100 | $/€/£100 |
Overall, Tickmill is a good option for traders who are looking for a reliable and transparent broker with competitive trading conditions. Some of the advantages of Tickmill include its strong regulatory framework, low trading fees, a wide range of trading instruments, multiple trading platforms, and excellent customer support.
It is particularly suitable for experienced traders who are looking for a broker that provides access to a variety of markets and trading instruments, as well as competitive trading conditions. Additionally, Tickmill's demo account allows traders to test their strategies and trading skills before investing real money.
In the fast-moving world of online forex trading, many brokers advertise themselves as safe and globally regulated. Tickmill is one such name. On the surface, it carries respected licences from the FCA in the United Kingdom, CySEC in Cyprus, and the FSCA in South Africa, and even holds a WikiScore of 7.76 out of 10 on WikiFX. These details can easily give the impression of security and reliability. Yet, a deeper look through WikiFX and the Securities Commission Malaysia’s Investor Alert List tells a different story which Malaysian traders must not ignore.
Global forex and CFD broker Tickmill has strengthened its presence in the United Arab Emirates with a new partnership with Mashreq Bank, one of the region’s most established financial institutions. This collaboration introduces localized deposit and withdrawal solutions in AED and USD, making trading with Tickmill more convenient for UAE-based clients.
Tickmill opens a new office in Oman with ProTrade Investments to enhance forex and CFD trading services. Explore the latest move in MENA and the growing Oman forex market.
Tickmill refreshes its brand identity, enhancing its online trading services to provide a clearer, more confident platform for traders with advanced tools and support.
More
User comment
89
CommentsWrite a review