Tickmill

Tickmill broker is a well-known financial markets broker that has been operating since 2014, and Teagle's data lists its country as the United Kingdom. With the slogan "Built by traders, for traders" and FCA and CySEC licenses, Tickmill is considered one of the trustworthy forex brokers; however, Iran is on its list of restricted countries. In this overview, we review Tickmill based on Teagle's data.

What kind of broker is Tickmill?

Tickmill has about 12 years of history and offers trading in forex currency pairs, stocks, indices, commodities, futures and options on MetaTrader 4 and 5, CQG and Tickmill Trader. Its stated features include holding client funds in segregated accounts with reputable banks, negative balance protection, competitive spreads, and support for scalping and algorithmic trading. Deposit insurance, instant verification, copy trading and an ECN account are also listed in Teagle's tags.

Tickmill broker licenses and credibility

The following are recorded for Tickmill in Teagle's list of licenses:

• UK FCA (number 717270), active;
• Cyprus CySEC (number CIF Licence 278/15), active;
• Seychelles FSA (number SD008), active; an offshore license;
• Dubai DFSA (number F007663) and South Africa FSCA (number FSP 49464), for which no status has been recorded.

The Cypriot entity is a member of the Investor Compensation Fund (ICF), and the UK entity has FSCS coverage. However, according to Teagle's expert assessment, clients outside Europe register under the Seychelles entity (Tickmill Ltd), which has no compensation fund, and they do not benefit from FCA and CySEC protection. If this difference isn't clear to you, read the article the difference between offshore and onshore brokers and the guide broker regulation tiers .

Does Tickmill serve Iranians?

No. According to information published by Tickmill, Iran is on this broker's list of restricted countries, and Iranian users cannot open an account or receive official services. Tickmill's website is available in 15 languages, but Persian is not among them, and there is no Rial deposit or withdrawal channel in the official documents. The $30 no-deposit welcome account offered by the Seychelles entity is also not available to restricted countries, including Iran.

Tickmill trading accounts

In Teagle's table, all Tickmill accounts have a minimum deposit of 100 units of the base currency, leverage up to 1:1000, a 100% margin call, a 30% stop-out and an Islamic version, with no requotes:

• CLASSIC account: no commission and spreads from 1.6 pips, on MT4 and MT5; suitable for low-volume and beginner traders.
• RAW account: spreads from zero and a $6 commission per lot, on MT4 and MT5; suitable for scalpers and high-volume traders.
• TRADINGVIEW RAW account: raw spreads from zero and a $7 commission, on Tickmill Trader and TradingView.

Tickmill supports five base currencies, including the Swiss franc. If you're torn between the Raw and Classic accounts, see the comparison of ECN accounts with other accounts and, for scalping, the article brokers suitable for scalping . The broker itself has disclosed loss rates of 73% and 75% on retail accounts for its European and UK entities; a figure that shows the importance of risk management.

Tickmill platforms and services

Trading takes place on MetaTrader 4 and 5 (Windows, Mac, Android, iOS and WebTrader), Tickmill Trader and TradingView; we've explained the general connection method in the guide to connecting a broker account to TradingView . Additional services include copy trading, social trading, VPS, a trading API, an IB program, education, an economic calendar, calculators, a specialized glossary, rebates and bonuses; see active bonuses on the broker bonuses page .

Deposits and withdrawals at Tickmill

Payment methods include bank transfer, Visa and Mastercard, UnionPay, Neteller, Skrill and crypto. The minimum deposit for all methods is $100 and the minimum withdrawal is $25, and the broker charges no fees. Deposits are instant with most methods and withdrawal processing takes up to 1 business day; however, funds take 2 to 7 business days to arrive by bank transfer, up to 8 business days by card, and about 12 to 48 hours by crypto.

Tickmill's score and risk on Teagle

Tickmill's final score on Teagle is 3.37 out of 5, derived from three sources: WikiFX 3.65, Forex Peace Army 3.25 and Trustpilot 3.2; Teagle user ratings have not yet been recorded. The Teagle Eye risk index for this broker is 22 out of 100, in the "low to medium risk" category, resulting from three active licenses and a 12-year history. Follow its position in the ranking of low-commission brokers .

Pros and cons of Tickmill broker

• Pro: two active top-tier regulators, FCA and CySEC, with a compensation fund for European clients
• Pro: transparent cost structure; a Raw account with raw spreads or a commission-free Classic account
• Pro: deposits and withdrawals with no broker fees and a minimum deposit of 100 units
• Con: Iran is on the list of restricted countries
• Con: users outside Europe contract with the offshore Seychelles entity
• Con: no Persian website or support and no Rial deposits

Who is Tickmill suitable for?

In the view of Teagle's expert, Tickmill is suitable for traders based in Europe and the UK who benefit from FCA or CySEC protection, scalpers and algorithmic traders. Residents of Iran and those who assume the FCA license also covers their offshore account should be cautious. For comparison, put Tickmill side by side with another ECN broker in the Tickmill vs FXOpen comparison .

Conclusion

Tickmill is trustworthy in terms of legal credibility and quality of oversight, but these advantages are practically unusable for Iranian users. If you are permitted to use it, start with a small amount, check which entity registers your account, make a test withdrawal and follow investment risk warnings .