Regulatory Licenses
Tickmill runs regulated entities across multiple jurisdictions. Here is every licence checked against official registers.
Verified licences:
Tickmill UK Ltd is authorised by the FCA (FRN 717270), showing "Authorised" status. The same UK entity maintains a Representative Office in the DIFC, registered with the DFSA (F007663) and verified as active.
Tickmill Europe Ltd holds a CySEC licence (278/15), verified as active, allowing passporting across the EEA under MiFID II. The BaFin (146511) and CONSOB (4310) registrations are passported notifications from that CySEC licence, not separate standalone authorisations, both confirmed on their respective registers.
The BaFin entry shows "Tickmill Europe Ltd." with a trailing period, a minor naming discrepancy that is not unusual. The broker also claims passported registrations with the CNMV (4082) and ACPR (75473), though neither could be confirmed on their respective public registers at the time of writing.
Tickmill Ltd is licensed by the Seychelles FSA (SD008), verified on the FSA register. This entity serves international clients with 1:1000 (International) leverage.
Tickmill Asia Ltd holds a Labuan Financial Services Authority licence (MB/18/0028), verified on the Labuan FSA register.
Claims that could not be verified:
The broker states it holds FSCA regulation under Tickmill South Africa (Pty) Ltd with licence FSP 49464. A search of the FSCA register returned no matching entry. This does not necessarily mean the licence is invalid, but the broker does not appear on the public register as of this review.
To summarise: Tickmill holds one directly issued EU licence (CySEC, tier-2) with passported registrations confirmed at BaFin and CONSOB (both tier-1 registers), plus verified licences with the FCA (tier-1), DFSA (tier-2, representative office), Seychelles FSA (offshore), and Labuan FSA (offshore). The FSCA claim could not be confirmed.
Client Fund Protection
Client money is held in segregated accounts at tier-1 banks. FCA clients receive FSCS protection up to £85,000 per person under the statutory scheme. Tickmill advertises coverage of £120,000, but this higher figure could not be independently verified; UK clients should rely on the standard FSCS limit.
EU clients under CySEC receive up to €20,000 through the Investor Compensation Fund. Negative balance protection applies across all entities.
Tickmill references Lloyd's of London fund insurance covering $20,000 to $1,000,000 per client in insolvency. This claim could not be independently verified.
Company History & Reputation
Trustpilot has suspended Tickmill's rating, stating it removed fake reviews due to a "breach of our guidelines." The profile shows 1,124 total reviews: 59% five-star versus 23% one-star.
Recent complaints from April 2026 onward cite slippage during high-impact events, and at least one user reported funds confiscated without notice.
Reviews.io shows 1.2 out of 5 from 97 reviews, with only 3% recommending the broker. However, many visible reviews appear to be recovery-scam spam, likely dragging the score down artificially.
Google Reviews for the Cyprus office shows 4.4 out of 5 from 23 reviews. The iOS app carries 4.9 out of 5 from 8 ratings. DayTrading.com gives 4.0 out of 5.
Reddit sentiment splits down the middle, with smooth withdrawals and competitive spreads on r/Forex balanced against isolated reports of account issues. Reports of scammers impersonating the brand reflect third-party fraud, not broker misconduct.
EngineForex Trust Score
Tickmill: 70/100 (Grade B)
- Component: Regulator tier coverage · Score: 40/40 · Note: 4 tier-1 licences
- Component: Number of regulators · Score: 15/15 · Note: 10 regulators
- Component: Years of operation · Score: 15/15 · Note: 12 years (10+)
- Component: Trustpilot rating · Score: 0/20 · Note: no Trustpilot rating
- Component: Trustpilot review volume · Score: 0/10 · Note: no Trustpilot reviews
Computed deterministically from verified register reads, founding year, and live Trustpilot data. See EngineForex's "How We Review Brokers" for the full methodology.
- Category: Trust · Score: 4 / 5 · Why: FCA tier-1 plus CySEC (with BaFin/CONSOB passports) and DFSA, segregated funds, 12 years operating, FSCS up to £85,000.
- Category: Fees · Score: 5 / 5 · Why: Raw account 0.0 pip EUR/USD plus $3/lot/side ($6 round turn), no inactivity fee found.
- Category: Platforms · Score: 4 / 5 · Why: MT4 plus MT5 plus TradingView plus Tickmill Trader, mobile apps on iOS and Android.
- Category: Investments · Score: 5 / 5 · Why: 600+ instruments across forex, indices, commodities, stocks/ETFs, bonds, crypto, futures.
- Category: Mobile · Score: 3 / 5 · Why: Standard MT4/MT5 mobile plus proprietary app; iOS 4.9/5 from only 8 ratings.
- Category: Research · Score: 4 / 5 · Why: Signal Centre, Acuity Trading, TradingView economic calendar, daily analysis.
- Category: Education · Score: 3 / 5 · Why: Webinars, seminars, video tutorials, blog. Standard industry level.
- Category: Support · Score: 0 / 5 · Why: Data unavailable from verified sources.
- Category: Overall (EngineForex Trust Score) · Score: 70 / 100 · Why: Grade B. Strong regulation and low costs offset by Trustpilot suspension and unverified support data.
