Tickmill review
Details checked 27 Sept 2026. Always confirm current terms on the broker's site.
Our verdict
Tickmill is a UK-linked broker offering low raw gold spreads on MetaTrader with a clear commission structure. Clients outside the UK and EU are generally served from its Seychelles entity.
Tickmill was founded in 2014 and operates under FCA regulation in the UK and CySEC in Cyprus, with further licences in South Africa, Dubai, Labuan and the Seychelles. Clients outside the UK and EU, including Indian residents according to ForexBrokers.com, are usually served by Tickmill Ltd in the Seychelles, which offers leverage of up to 1:1000 on gold but no compensation scheme. Tickmill's official XAUUSD page shows a minimum spread of $0.08 and a typical spread of $0.09, and BrokerChooser measured $0.07 in September 2026. The Raw account charges $3 per lot per side, while the Classic account is spread-only, though its gold spread is not published. Positions start at 0.01 lots and go up to 100 lots. Trading is on MT4, MT5, the Tickmill Trader app and, in some regions, TradingView. The minimum deposit is $100, deposits and withdrawals are free, and swap-free accounts are available. Client funds are segregated and negative balance protection applies. Tickmill appears on the RBI Alert List, so Indian residents face the same legal caveat as with most brokers in this comparison.
Pros
- Low published gold spread ($0.09 typical) with $6 round-turn commission
- FCA and CySEC licences in the group
- Fee-free deposits and withdrawals
- Suited to algorithmic trading on MT4/MT5 with VPS options
- Swap-free accounts available
Cons
- Classic-account gold spread not published
- International clients typically onboarded via Seychelles
- Smaller product range than larger multi-asset brokers
- Listed on the RBI Alert List
Key facts
| Founded | 2014 |
|---|---|
| Headquarters | London, UK (group); main offshore entity in Seychelles |
| Regulators | FCA (Tickmill UK Ltd) (Tier-1); CySEC (Tickmill Europe Ltd) (Tier-1); FSCA South Africa; DFSA (Tickmill MENA); Labuan FSA Malaysia; FSA Seychelles (Tickmill Ltd) |
| Gold (XAUUSD) available | Yes |
| Gold spread, standard account | not published for Classic account |
| Gold spread, raw/ECN account | Official: $0.08 min / $0.09 typical; $0.07 per BrokerChooser XAU/USD spread benchmark, updated 17 Sep 2026, in USD per ounce |
| Commission, raw account | $3 per lot per side ($6 round turn) on Raw account |
| Max gold leverage (offshore entity) | Up to 1:1000 on XAUUSD (official instrument page, Seychelles entity) |
| Max gold leverage (Tier-1 entity) | 1:20 (FCA/CySEC retail) |
| Minimum trade size | 0.01 lot (max 100 lots) |
| Platforms | MT4, MT5, TradingView (select regions), Tickmill Trader app |
| Minimum deposit | $100 |
| Account types | Classic, Raw, Islamic (swap-free) |
| Indian deposit methods | not published |
| Accepts clients from India | Yes (ForexBrokers.com India guide, Sep 2026) |
| Negative balance protection | Yes |
| Segregated client funds | Yes |
| Investor compensation | FSCS up to GBP 85,000 (UK); ICF up to EUR 20,000 (EU); none at Seychelles entity |
| Swap-free account | Yes |
| On RBI Alert List | Yes: 2025-11-19 (latest RBI update found; checked 2026-09-27) |
Member reviews
Sources used for this review
- tickmill.com/instruments/xauusd
- forexbrokers.com/reviews/tickmill
- brokerchooser.com/broker-reviews/tickmill-review/xauusd-spread
- fxscouts.com/forex-brokers/best-gold-trading-brokers/
- forexbrokers.com/guides/india
- upstox.com/news/personal-finance/trading/rbi-alert-list-updated-full-list-of-unauthorised-
- completetradersedge.com/rbi-alert-list/
- au.bank.in/hi/hi/assets/banner-text-table/pdf/unauthorised-forex-transactions.pdf
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