Tickmill — review & details

In Forex & CFD brokers · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

Cost-focused broker whose Nigerian clients are onboarded by Tickmill Ltd, regulated by the Financial Services Authority of Seychelles (licence SD008); the wider group holds FCA, CySEC and FSCA licences that do not cover the Seychelles entity. Competitive Raw-account pricing on MT4/MT5 and TradingView.

Low-cost raw spreads

Tickmill

Cost-focused broker whose Nigerian clients are onboarded by Tickmill Ltd, regulated by the Financial Services Authority of Seychelles (licence SD008); the wider group holds FCA, CySEC and FSCA licences that do not cover the Seychelles entity. Competitive Raw-account pricing on MT4/MT5 and TradingView.
★★★★☆
4.1/5 · How we rate
Tickmill Ltd — Seychelles FSA, Securities Dealer licence SD008. Group FCA/CySEC/FSCA licences sit with sister entities and do not cover Nigerian sign-ups. Not regulated by Nigeria's SEC.
Regulator (Ng Clients)
Up to 1:1000 (stated on Tickmill's site)
Max Leverage
MetaTrader 4, MetaTrader 5, TradingView, Tickmill Trader app
Platforms
NGN base accounts not verified during this review — accounts are typically in USD; confirm funding options at sign-up
Naira Support
Cost-conscious traders who want tight raw spreads with low commission
Best For
Pros
  • Raw account pricing is among the cheaper offshore options, with a spread-only Classic account for simplicity
  • Full platform spread: MT4, MT5, TradingView and its own mobile app
  • Transparent group structure — the Seychelles entity, its licence number and its limits are clearly published
Cons
  • Most retail CFD traders lose money, and leverage up to 1:1000 can wipe an account on a small adverse move — Tickmill's own disclosure says losses can exceed the initial investment
  • Nigerian clients get Seychelles FSA protection only — no FSCS-style compensation; the group's FCA licence covers UK clients, not you
  • $100 minimum deposit (stated on their site) is a higher entry point than app-first rivals
Fees, eligibility & documents
Fees
Raw accountLow raw spreads plus a per-lot commission — check current rates on Tickmill's site
Classic accountCommission-free, costs built into a wider spread
Minimum deposit$100 (stated on Tickmill's site)
Eligibility
  • 18 years or older
  • Pass identity (KYC) verification
  • Fund in a supported base currency (typically USD for Nigerian clients)
Documents needed
  • Valid government ID
  • Proof of address (utility bill or bank statement, usually under 3–6 months old)
Visit Tickmill

How Tickmill compares in forex & cfd brokers

Tickmill scores 4.1/5 in our forex & cfd brokers rankings. Our current top pick is Pepperstone (4.3/5). Always compare a few before you decide — see the full forex & cfd brokers comparison.

Tickmill
4.1/5 · this page
 Pepperstone
4.3/5
 XM
4.1/5
Regulator (Ng Clients) Tickmill Ltd — Seychelles FSA, Securities Dealer licence SD008. Group FCA/CySEC/FSCA licences sit with sister entities and do not cover Nigerian sign-ups. Not regulated by Nigeria's SEC. — —
Max Leverage Up to 1:1000 (stated on Tickmill's site) 1:400 1:1000
Platforms MetaTrader 4, MetaTrader 5, TradingView, Tickmill Trader app MT4, MT5, cTrader, TradingView MT4, MT5
Naira Support NGN base accounts not verified during this review — accounts are typically in USD; confirm funding options at sign-up — —
Best For Cost-conscious traders who want tight raw spreads with low commission — —
Visit Tickmill → Visit Pepperstone → Visit XM →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.