Tickmill Review
Tickmill is a favorite among professional high-volume traders due to its exceptionally low commissions (2 currency units per side on Pro accounts) and ultra-fast No Dealing Desk (NDD) execution. Regulated by the FCA and CySEC, it offers a secure environment perfect for Expert Advisors (EAs) and scalping strategies.
Pros
- Extremely low commission (Pro Account)
- No Dealing Desk (NDD) execution
- Allowed: Scalping, Hedging, Arbitrage
- $30 Welcome Account (No deposit required)
Cons
- Limited asset range (mostly Forex/CFDs)
- No crypto trading in UK/Europe entities
- Minimum deposit $100 (Standard/Pro)
The Pro Account
Execution Quality
FAQs about Tickmill
What is the commission on the Pro account?
The commission is 2 currency units per side per lot (e.g., $2 to open, $2 to close). This is one of the lowest rates in the industry.
Is the $30 Welcome Account available?
Yes, eligible new clients (in non-restricted regions) can open a $30 Welcome Account without depositing funds. Profits can be withdrawn after meeting volume requirements.
Is Tickmill regulated?
Yes, Tickmill is regulated by the FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), and DFSA (Dubai).
Does it allow scalping?
Yes, Tickmill is known for being extremely scalper-friendly. There are no restrictions on stop-loss distances or EA usage.
What is the minimum deposit?
The minimum deposit for Classic and Pro accounts is $100. The VIP account requires a $50,000 balance.
Regulatory Risk Warning
CFDs are complex instruments. 71% of retail investor accounts lose money when trading CFDs with this provider.