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Is Tickmill Legit?

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Quick answer

Yes, Tickmill is a legitimate broker. It holds five active licences: FCA (UK, FRN 717270) with FSCS coverage up to £85,000, CySEC (Cyprus, 278/15) with ICF coverage up to €20,000, plus FSA Seychelles, FSCA South Africa and Labuan FSA. We tested Skrill withdrawals in 2026: four payouts cleared in under 30 minutes. No enforcement actions on any entity in 12 years. Not a scam.

Is Tickmill Legit and Regulated?

Is Tickmill legit? The answer is yes: five active licences, a 12-year operating history and no enforcement actions on any entity.

We opened a live funded account and tested Skrill withdrawals in 2026. Four payouts cleared in under 30 minutes at zero broker fee.

Tickmill operates through five regulated entities:

  • Tickmill UK Ltd: FCA (Financial Conduct Authority, the UK financial regulator), FRN 717270. FSCS protection up to £85,000 per eligible UK retail client. Retail leverage capped at 1:30.
  • Tickmill Europe Ltd: CySEC (Cyprus Securities and Exchange Commission), licence 278/15. ICF (Investor Compensation Fund) protection up to €20,000 per eligible EU retail client.
  • Tickmill Ltd: FSA Seychelles, SD008. Offshore entity serving MENA and SEA clients. No statutory compensation scheme; client funds held in segregated accounts at tier-1 banks.
  • Tickmill South Africa Pty Ltd: FSCA (Financial Sector Conduct Authority), FSP 49464. ZAR-denominated funding, FSCA conduct framework.
  • Tickmill Asia Ltd: Labuan FSA (Labuan Financial Services Authority, Malaysia), MB/18/0028. Serves Malaysia, Singapore and broader Southeast Asia.

Segregated accounts means Tickmill holds client funds in bank accounts separate from its own business funds. If the broker closed, those accounts remain accessible to clients for recovery.

The entity your account routes to depends on your country. UK and EU clients receive statutory compensation (FSCS or ICF).

MENA and SEA clients on the offshore entities receive segregated accounts but no government-backed compensation if the broker fails. That is a regulatory structure difference, not a legitimacy problem.

We cross-checked all five licences against the public regulator registers in 2026. All five were active with no enforcement actions, fines or warnings on record.

Tickmill is not a scam. It is a regulated broker with verifiable licences, a tested withdrawal process and a clean 12-year record.

Key facts

DetailTickmill
RegulationFCA (UK), CySEC (Cyprus), FSA Seychelles, FSCA (South Africa), Labuan FSA (Malaysia)
LicenseFRN 717270 (FCA), 278/15 (CySEC), SD008 (FSA), FSP 49464 (FSCA), MB/18/0028 (Labuan)
Deposit protectionFSCS £85,000 (FCA entity), ICF €20,000 (CySEC entity), none on offshore entities
Founded2014
HeadquartersLondon, United Kingdom

Should you trade with Tickmill?

Tickmill works for ECN traders and systematic traders in the UK, EU, UAE, South Africa, Malaysia, Singapore and Vietnam who want low-cost Raw spreads on MT4 or MT5. The $100 minimum deposit and five-entity footprint make it accessible across most of the non-US, non-Canadian, non-Australian world.

One genuine caveat: the entity your account routes to determines your protection level. UK and EU clients get statutory compensation (FSCS £85,000 or ICF €20,000).

MENA and SEA clients on the offshore entities get segregated accounts only, with no government-backed recovery fund.

US, Canadian and Australian residents cannot open a Tickmill account: the broker holds no licence in those three jurisdictions.

Before opening, confirm which entity applies to your country. For a full breakdown of spreads, fees, withdrawal results and platform testing, read our Tickmill review.

For a broader comparison of regulated brokers, see our best regulated forex brokers guide.

Frequently asked questions

Which Tickmill entity will hold my account?

It depends on your country. UK residents route to Tickmill UK Ltd (FCA, FRN 717270) with FSCS protection up to £85,000. EU residents route to Tickmill Europe Ltd (CySEC, 278/15) with ICF protection up to €20,000. Traders in MENA and SEA typically route to Tickmill Ltd (FSA Seychelles, SD008) or Tickmill Asia Ltd (Labuan FSA, MB/18/0028), both of which hold segregated client funds but carry no statutory compensation scheme. South African residents route to Tickmill South Africa Pty Ltd (FSCA, FSP 49464).

Does Tickmill protect client funds?

Yes. Tickmill holds client money in segregated accounts at tier-1 banks, separate from the broker's own operating funds. UK retail clients on the FCA entity receive FSCS protection up to £85,000 per eligible person. EU retail clients on the CySEC entity receive ICF protection up to €20,000. Offshore entity clients on FSA Seychelles and Labuan FSA receive segregated accounts but no government-backed compensation scheme.

Is Tickmill a scam?

No. Tickmill has operated since 2014 across five regulated entities with no major enforcement actions, fines or public warnings on any licence as of our 2026 verification. All five licences are active on the public regulator registers. The key risk for offshore-entity clients is the absence of a statutory investor compensation scheme, which is a regulatory structure difference, not a scam signal.

What is the minimum deposit for Tickmill?

The minimum deposit is $100 on the Classic, Raw and Pro account tiers across all five entities. The VIP account unlocks at $50,000 account equity rather than a one-off deposit. In our testing, Skrill and Neteller withdrawals cleared in under 30 minutes at zero broker fee. Card withdrawals take 2 to 5 business days.

Is Tickmill available in the USA?

No. Tickmill does not hold an NFA or CFTC licence and does not accept US, Canadian or Australian residents. Regulated US retail forex alternatives include OANDA, Forex.com and IG US. Traders outside the excluded list can check full country availability in the Tickmill review.