Tickmill Review for UK Traders
Reviewed by Phillip Ashdown
Last updated:
An independent review of Tickmill, an FCA-regulated broker known for raw spreads and fast execution for active UK forex traders.
4.7/5 overall rating
Tickmill is an FCA-regulated broker known for raw spreads from 0.0 pips with a low commission of just £2 per lot per side, making it a competitive choice for active UK traders.
Key Facts
- FCA regulated
- Yes (FRN 717270)
- Minimum deposit
- £100
- Platforms
- MT4, MT5, Tickmill Trader
- Spread (EUR/USD)
- From 0.0 pips (raw)
- Account types
- Classic, Raw, Tickmill Trader (CFD only)
Our Verdict
Tickmill offers one of the most competitive pricing structures for UK traders, with raw spreads from 0.0 pips and a commission of just £2 per lot per side. Execution is fast and reliable, making it a strong option for scalpers and active traders.
There is no spread betting or TradingView integration, and educational resources are less comprehensive than larger brokers. It is best suited to experienced traders who prioritise cost and speed over platform variety.
You can find full platform details on the official Tickmill website.
For more options, see our full list of the best FCA-regulated forex brokers in the UK.
Pros & Cons
✓ Pros
- ✓ FCA regulated (FRN 717270) with segregated client funds and FSCS protection
- ✓ Raw spreads from 0.0 pips with low commission (£2 per lot per side)
- ✓ Fast execution speeds with most orders filled in milliseconds
- ✓ No inactivity fee on Classic and Raw accounts
- ✓ MT4, MT5, and Tickmill Trader platform available
- ✓ Access to forex, indices, commodities, bonds, and crypto CFDs
⚠ Cons
- ⚠ No spread betting option for UK traders
- ⚠ No TradingView or cTrader integration
- ⚠ Educational content less comprehensive than larger brokers
- ⚠ Classic account spreads from 1.6 pips are wider than some competitors
- ⚠ £100 minimum deposit higher than some brokers
Spreads and Fees
Tickmill offers multiple account types with different pricing models. The Raw account is designed for active traders, offering tight spreads with commission, while the Classic account uses spread-only pricing.
| Fee Type | Details |
|---|---|
| EUR/USD Spread (Raw) | From 0.0 pips |
| EUR/USD Spread (Classic) | From 1.6 pips |
| Commission (Raw) | £2 per lot per side |
| Commission (Classic) | None |
| Overnight Financing | Based on interbank rate ± markup |
| Inactivity Fee | None (Classic & Raw) |
| Withdrawal Fee | Free (bank transfer) |
Fee Comparison
| Fee | Tickmill | IG | Pepperstone |
|---|---|---|---|
| EUR/USD Spread | From 0.0 pips (raw) | From 0.6 pips | From 0.0 pips (raw) |
| Commission | £2/lot (Pro) / None (standard) | None (standard) | £2.25/lot (Razor) |
| Inactivity Fee | None | £12/mo after 2 years | None |
| Withdrawal Fee | Free | Free | Free |
Trading Platforms
- MetaTrader 4 (MT4): Full MT4 support with Expert Advisors, custom indicators, and automated trading.
- MetaTrader 5 (MT5): Enhanced version of MT4 with additional order types, timeframes, and built-in tools.
- Tickmill Trader: A proprietary web-based platform offering a streamlined trading experience with charting and fast execution.
- Mobile Apps: Mobile trading apps via MT4 and MT5 for iOS and Android with full account access and trade management.
Regulation
Tickmill UK Ltd is authorised and regulated by the Financial Conduct Authority under firm reference number 717270. Client funds are held in segregated accounts, and retail clients benefit from negative balance protection. Eligible clients may be covered by the Financial Services Compensation Scheme up to £85,000.
Tickmill is authorised and regulated by the Financial Conduct Authority (firm reference number 717270), which you can verify on the FCA register.
Learn more about FCA regulation and how it protects UK traders.
Who Is This Broker For?
Best For
- Active traders seeking raw spreads from 0.0 pips with low commissions
- Scalpers and short-term traders who prioritise fast execution speeds
- Experienced MT4 and MT5 users wanting Expert Advisor support
- UK traders looking for an FCA-regulated broker with competitive pricing
- Traders who want access to forex, indices, commodities, and bonds from one account
Good For
- Active traders
- MT4/MT5 users
- low-cost trading
Not For
- Complete beginners who need extensive structured educational content
- UK spread bettors, as Tickmill offers CFDs only
- Traders seeking TradingView or cTrader integration
- Those looking for the widest range of tradeable instruments
Minimum Deposit
The minimum deposit to open a Tickmill live account is £100 (or currency equivalent). Funding is available via bank transfer, debit/credit card, and e-wallets.
Ready to open a Tickmill account?
If you want raw spreads, low commissions, and fast execution, Tickmill is a strong option for active UK traders.
Your capital is at risk.
Final Verdict
Tickmill is a strong choice for experienced traders who prioritise low-cost execution and fast order speeds. It is less suited to beginners or UK traders seeking spread betting, but for active forex and CFD trading, it offers one of the most competitive pricing structures available.