✓ Strengths
- Regulated by FCA, CySEC, FSCA, FSA (Seychelles), LFSA (Malaysia)
- Ultra-competitive spreads from 0.0 pips (Pro account)
- Among the lowest commission rates: $2/lot per side ($4 round turn)
- MT4 and MT5 supported
- 100+ instruments with strong forex and indices focus
- Fast execution — no-dealing-desk model
- No minimum deposit on Classic account
✗ Weaknesses
- Limited instrument range (100+ vs. competitors' 1,000+)
- No copy trading or social features
- Research and analysis tools are very basic
- Customer support hours limited (not 24/7)
- No proprietary platform
About Tickmill
Tickmill was founded in 2014 and has grown steadily into a well-regarded broker known for its competitive pricing and clean execution. The broker is particularly popular among scalpers and active forex traders who prioritize low transaction costs above all else.
What immediately stands out about Tickmill is the commission structure on its Pro account: just $2 per lot per side ($4 round turn). This is among the lowest in the ECN broker space — cheaper than IC Markets ($3.50/side), Pepperstone ($3.50/side), and most competitors.
| Founded | 2014 |
| Headquarters | London, UK |
| Regulation | FCA (UK), CySEC (CY), FSCA (SA), FSA (Seychelles), LFSA (Malaysia) |
| Platforms | MT4, MT5 |
| Min. Deposit | $0 (Classic); $100 (Pro); $100 (VIP) |
| Spreads From | 1.6 pips (Classic); 0.0 pips (Pro/VIP) |
| Commission | $2/lot/side (Pro); $1/lot/side (VIP, requires $50,000+) |
| Max Leverage | Up to 1:500 (Seychelles); 1:30 (FCA/CySEC) |
| Instruments | 80+ forex, indices, bonds, oil, crypto |
| Demo Account | Yes |
The Pricing Advantage
Tickmill's $2/lot/side commission on the Pro account is genuinely the lowest I've found among quality regulated brokers. For a trader doing 100 lots/month, that's $400 in commissions vs. $700 at IC Markets or Pepperstone. Over a year, that difference is significant. Combined with average EUR/USD spreads of 0.1–0.2 pips on the Pro account, the all-in cost is approximately $4.20–$4.40 per round-trip lot — outstanding value.
Instrument Range Limitation
The trade-off is instrument breadth: Tickmill offers around 80+ instruments — excellent for the core forex pairs, major indices, and energies — but well short of the 1,000+ offered by XM, AvaTrade, or eToro. If you primarily trade major and minor forex pairs with some index and commodity exposure, you won't feel limited. Multi-asset traders may find it restrictive.
Final Verdict
Tickmill is the go-to choice if you're a cost-conscious forex trader focused on major currency pairs. The $2/lot commission is the best I've found among credibly regulated ECN brokers, and the FCA/CySEC oversight is solid. The limited instrument range and sparse research tools are genuine limitations, but for pure forex scalpers and day traders, Tickmill is one of the most cost-efficient options available.
My Rating: 4.2/5
⚠ Risk Disclaimer
Trading forex, CFDs, and other leveraged financial instruments involves a high level of risk and may not be suitable for all investors. You could lose some or all of your invested capital. Leverage can work against you as much as for you. Past performance is not indicative of future results. The information in this review is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. This site may contain affiliate links — if you click them and open an account, we may receive a commission at no extra cost to you. This does not influence our editorial assessments.
