Tickmill is one brand and six different companies. The entity named in your client agreement determines your leverage ceiling, decides which compensation scheme would pay you if the firm failed, and in some countries decides whether opening the account was lawful in the first place.
This page reads Tickmill's own material against the registers and the rulebook, then prints the differences. Every fee and every account figure below is taken from Tickmill's own account pages and its group website. Every compensation ceiling is taken from the scheme that administers it, not from a broker page quoting the scheme.
To be clear about what we did not do: we did not open a live account, we did not measure a spread, and we did not place a single order. Quoting a broker's published floor is not the same as quoting the price you will be filled at. Where a number could not be traced to a primary document, it has been left out rather than estimated.
Tickmill's account page lists three live CFD accounts. Two of them run on MetaTrader 4 and MetaTrader 5. The third runs inside TradingView.
| Account | Starting deposit | Spreads from | Commission | Base currencies | Min lot | Platforms |
|---|---|---|---|---|---|---|
| Classic | 100 | 1.6 pips | Zero commission | USD, EUR, GBP, PLN, ZAR | 0.01 | MT4, MT5 |
| Raw | 100 | 0.0 pips | $3 per lot per side | USD, EUR, GBP, PLN, ZAR | 0.01 | MT4, MT5 |
| TradingView Raw | 100 | 0.0 pips | $3.50 per lot per side | USD only | 0.01 | Tickmill Trader, TradingView |
The row that gets overlooked is the last column on base currencies. TradingView Raw takes USD and nothing else. If your account is denominated in euros or rand, that third account is not available to you.
Tickmill flags, in the footnote attached to the starting deposit figure, that the minimum varies by base currency. It gives ZAR as the example of a lower threshold. The headline 100 is therefore a starting point rather than a rule.
Search for Tickmill's fees and a large share of the comparison articles still quote a "Pro" account at $2 per lot per side, alongside a "VIP" tier that opened at $50,000. Neither name appears on Tickmill's account pages now.
We could not find a Tickmill announcement explaining when the names changed or when the commission moved, so this page makes no claim about dates. The observable position is simpler than that: the page that sells the accounts lists Classic, Raw and TradingView Raw, with $3 and $3.50 commissions, and no $50,000 tier.
The practical consequence is arithmetic. A comparison article built on $2 per side understates the round-turn cost of a Raw position by a third. If you are pricing a strategy against a published benchmark, open Tickmill's own page and read the commission line before you trust the figure in a review.
Tickmill's group website publishes its licence list. A separate legal document, the client service agreement filed for the Labuan entity, enumerates the corporate structure in more detail. Read together, they describe six corporate entities.
| Entity | Regulator | Reference | Jurisdiction listed |
|---|---|---|---|
| Tickmill Ltd | Financial Services Authority, Seychelles | SD008 | Securities dealer |
| Tickmill UK Ltd | Financial Conduct Authority, UK | 717270 | United Kingdom |
| Tickmill UK Ltd (Dubai representative office) | Dubai Financial Services Authority | F007663 | Representative office only |
| Tickmill Europe Ltd | Cyprus Securities and Exchange Commission | 278/15 | European Union |
| Tickmill South Africa (Pty) Ltd | Financial Sector Conduct Authority | FSP 49464 | South Africa |
| Tickmill Asia Ltd | Labuan Financial Services Authority | MB/18/0028 | Malaysia, Labuan |
The Labuan client agreement also names a seventh company that never appears in marketing: Procard Global Ltd, registration number 09592225, a wholly owned subsidiary of Tickmill Ltd and registered in London.
One line in the table deserves a second look. The DFSA entry is a representative office. A representative office may market and arrange introductions; the licence under which your account is booked is elsewhere. Tickmill's group site also lists a separate authorisation, CMA UAE licence 1631109, which sits alongside rather than inside the Dubai entry.
Note what is absent. There is no Australian licence in this list, despite how often Tickmill write-ups mention Australian regulation. We found no ASIC entry for this group, and we are not going to print one.
Address matching is one of the standard tools for spotting a clone site. With Tickmill, applying that tool means knowing that the two documents disagree with each other.
| Entity | Labuan client service agreement (July 2024) | Tickmill licences and regulation page |
|---|---|---|
| Tickmill UK Ltd | 3rd Floor, 27-32 Old Jewry, London EC2R 8DQ | First Floor, The Bengal Wing, 9A Devonshire Square, London EC2M 4YN |
| Tickmill Ltd | 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles | Office 1, 1st Floor of KLA Complex, Mont Fleuri, Mahe, Seychelles |
Both are Tickmill's own publications. A firm can move premises, so the older document is not necessarily wrong; it is simply out of date. The instruction that follows is the useful part: take the registered address from the regulator's register rather than from any website, and treat a mismatch between the two as a prompt to ask support which entity holds your account.
Tickmill quotes three different leverage ceilings for what is nominally the same Classic and Raw account, depending on which page you read.
These can all be true at once, because each page addresses a different set of entities. Retail clients booked to the UK or Cyprus entities fall under their regulators' caps. Clients routed to other entities get whatever that regulator permits.
The problem is not the variation. It is that none of the pages annotates a leverage row with the entity it belongs to, so a reader comparing two Tickmill pages sees a contradiction with no key to resolve it. The only reliable way to know your own ceiling is to identify your entity first, then read that regulator's cap.
Tickmill's group homepage carries a strip of headline figures. One of them reads "$1M Lloyd's insurance". Another reads "€120,000 FSCS protection".
Two things are wrong with that second figure, and the first is the currency. The UK Financial Services Compensation Scheme pays in sterling, not euros. Tickmill's own multi-language licences page has the currency right and the number still wrong: it says "£120,000".
FSCS publishes two separate ceilings, and both matter here. For deposits, the limit rose from £85,000 to £120,000 on 1 December 2025, following a Prudential Regulation Authority decision confirmed in November 2025 and reported by the Bank of England. For investments, FSCS states plainly that other limits remain unchanged, and its investments page gives £85,000 per eligible person, per firm for a firm that failed after 1 April 2019.
A CFD trading balance is not a bank deposit. It sits in the investment category, so the applicable FSCS ceiling today is £85,000. The £120,000 figure arriving on a broker homepage is the deposit limit, borrowed from a different part of the scheme.
The Cyprus figure needs the same precision. The Investor Compensation Fund that covers clients of Tickmill Europe Ltd pays 90 per cent of an eligible claim, capped at €20,000. Publications routinely print the €20,000 and drop the 90 per cent, which leaves readers assuming full coverage.
Clients booked to Tickmill Ltd in Seychelles sit outside both arrangements. Segregation of client funds applies, but there is no statutory compensation scheme standing behind those balances.
Broker guidance usually ends with a version of "type the domain yourself and you will be safe". In Tickmill's case that advice is incomplete, because the genuine domain is named on a reserve bank's alert list.
The Reserve Bank of India maintains an Alert List of entities that are neither authorised to deal in foreign exchange under the Foreign Exchange Management Act 1999 nor authorised to operate an electronic trading platform for forex under the Electronic Trading Platforms (Reserve Bank) Directions 2018. In the version updated 22 October 2024, entry 38 is Tickmill, against the website https://www.tickmill.com.
Indians are not being told that Tickmill prices badly or treats clients unfairly. RBI takes no position on either question. The entry says that, within the framework India applies to online forex trading, this platform is not an authorised counterparty for residents. FEMA attaches penalties to residents who trade forex on unauthorised electronic trading platforms, so the risk sits with the resident rather than the broker.
The point generalises past India. A real licence in one country does not create permission in another, and reaching the real website does not fix the mismatch.
Enforcement history is the hardest thing to confirm negatively, and it is worth being precise about what the searches covered.
That is a record of searches and their results, and nothing more. Some regulators do not publish full-text searchable enforcement archives, and a scheme that predates current disclosure practice leaves little trace. Absence of a found action is not a certificate.
The same caution runs the other direction. The RBI entry above is a public regulatory listing, not an accusation of wrongdoing by Tickmill, and it belongs in that narrow sense.
Tickmill's own security FAQ offers two protections: SSL encryption for data in transit, and two-factor authentication, which it says you can enable in your client area.
The placement matters more than the feature. The client area is where money moves: deposits, withdrawals, changes to bank details. That is the surface two-factor authentication covers.
An MT4 or MT5 terminal is a different door. It authenticates on an account number and one static password, and MetaTrader has no native slot for a second factor. Whatever you enable in the client area, the trading terminal stays single-factor.
Which makes password reuse the specific thing to fix. The password that opens your trading terminal should appear nowhere else, and it should differ from the client area password. If a credential-stuffing list contains that string once, the account grant behind it is unprotected.
One piece of advice that circulates in guides like this one should not be followed: using a VPN to trade on untrusted networks. For a multi-entity broker that routes clients by location, changing your apparent location can change which entity takes your application, and with it your leverage and your compensation coverage. It converts a network risk into a legal one.
Tickmill's group site advertises access to more than 600 CFDs and then breaks the figure down by asset class.
That last line carries the real condition. Exchange-traded futures and options sit with the FCA-regulated entity, not with whichever entity would otherwise have opened your account, so availability is decided by your entity rather than by your trading interests.
Every figure above moves. Registers change, schemes change caps, brokers reprice. These are the checks that take minutes and settle each one.