Look a broker up before you trust it

Ten quick answers

Does Tickmill hold a licence?
It does. Tickmill is supervised by FCA, CySEC, FSCA, FSA Seychelles, Labuan FSA, and its licence number is FRN 717270 (FCA). You can look that number up on the regulator's own public register.
How much do I need to open a Tickmill account?
Tickmill asks for a first deposit of at least $100. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust Tickmill with my money?
Tickmill has been trading since 2014 and is regulated by FCA, CySEC, FSCA, FSA Seychelles, Labuan FSA. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with Tickmill?
No. Because of US regulatory requirements (CFTC/NFA), Tickmill is not taking clients who live in the United States at present.
How much leverage does Tickmill offer?
The highest leverage at Tickmill is 30:1 retail (FCA / CySEC) / 1000:1 offshore. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with Tickmill?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at Tickmill next to its other platforms.
Which trading platforms can I use at Tickmill?
At Tickmill you trade through MT4, MT5, TradingView, Tickmill app. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does Tickmill pay out withdrawals?
How long a Tickmill withdrawal takes depends on the payment method and on the company that holds your account. Your KYC verification has to be finished first, and the broker's payments page gives the current processing times.
Will Tickmill charge me for withdrawing?
That depends on the payment method and on the company that holds your account. A payment processor or bank may also add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does Tickmill have a demo account?
Yes. Tickmill provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.