scambrokersreview.com| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA Seychelles |
| Founded | 2014 |
| Min. Deposit | USD 100 |
| Platforms | MT4, MT5 |
| Spread From | 0.0 pips (Pro) |
Overview
Tickmill is an FCA and CySEC-regulated ECN broker founded in 2014. It has grown rapidly by offering some of the lowest round-trip commissions in the industry at USD 2 per side on Pro accounts, making it particularly attractive to high-frequency and algorithmic traders.
Regulation and Safety
Tickmill holds FCA licence 717270 and CySEC licence 278/15. UK and EU clients are protected under these Tier 1 and Tier 2 regulations respectively, with client funds segregated and FSCS protection applying to UK clients up to GBP 85,000. The Seychelles entity serves clients outside these regions with weaker protections.
Trading Conditions
The Pro account charges just USD 2 per side commission with raw spreads from 0.0 pips, making it one of the lowest total-cost ECN accounts available anywhere. Classic accounts offer spread-inclusive trading from 1.6 pips. Leverage reaches 1:500 for Seychelles clients and 1:30 for FCA/CySEC clients.
Pros and Cons
- Extremely low commission at USD 2 per side
- FCA and CySEC regulated
- Strong MT4 and MT5 platform support
- Regular promotions and rebate programs
- Good range of educational webinars
- Seychelles entity used for non-EU clients
- Limited platform choice beyond MT4/MT5
- Fewer instruments than some competitors
- No proprietary platform or mobile app
Verdict
Tickmill offers excellent value for active traders, particularly those using MT4 or MT5 who want the lowest possible trading costs. FCA regulation provides strong protection for UK clients. The main caveat is that non-EU clients may be placed on the less protected Seychelles entity.
