Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
4/10 · ModerateFCA 717270 and CySEC 278/15 confirmed with Tickmill's own domains, but most clients sign with the offshore Seychelles entity and five national regulators flag unlicensed selling.
Identity & transparency
2/10 · LowEntities, numbers and addresses match the FCA, CySEC, FSA Seychelles, FSCA, Companies House and Cyprus records; only the South African office address differs between pages.
Withdrawals & conduct
6/10 · HighFund-access pattern since September 2026 on Trustpilot and Google Play: profits removed and withdrawals frozen after NFP trades; Tickmill answers publicly and cites its client agreement.
Reputation
6/10 · HighTrustpilot 2.3 from 1,202 reviews (54% five-star, 30% one-star) and Google Play 3.4; mixed overall, with a recent negative swing and alert-list entries in five countries.
Website claims
4/10 · ModerateLicences disclosed with working verify links, but FSCS cover overstated at £120,000 (investment limit £85,000), an 'FSC Regulated' label, and a surrendered Labuan licence still in the app listing.
Operational history
2/10 · LowAbout 12 years verified: tickmill.com registered July 2014, trading site archived January 2015, UK and Cyprus companies from December 2014 and January 2015.
Who they are
A quick desk file on the company behind the brand.
- Brand: Tickmill (Tickmill Group).
- Legal entity: Tickmill Ltd, Seychelles company no. 8414279-1, which serves clients outside the UK and EU. Sister companies are Tickmill UK Ltd (England and Wales, 09592225), Tickmill Europe Ltd (Cyprus, HE340249, formerly Vipro Markets Ltd) and Tickmill South Africa (Pty) Ltd (2017/531268/07). Procard Global Ltd (England and Wales, 09369927) is a wholly owned subsidiary of Tickmill Ltd.
- Registered: Office 1, 1st Floor, KLA Complex, Mont Fleuri, Mahe, Seychelles. The UK office is at First Floor, The Bengal Wing, 9A Devonshire Square, London EC2M 4YN.
- Website: www.tickmill.com, with /uk and /eu sections for the regulated entities. The global site also runs on mirror domains such as ctr-tickmill.com, tickmill-id.com and tickmill.tech.
- Licences: FCA 717270 (UK), CySEC 278/15 (EU) and FSA Seychelles SD008 (offshore). FSCA FSP 49464 covers South African intermediary services only, and DFSA F007663 is a Dubai representative office only.
- Offers: CFDs on forex, indices, commodities, stocks and crypto on MT4, MT5, TradingView and its own app, plus CME spot-quoted futures. Retail leverage is capped at 1:30 in the UK and EU and goes up to 1:1000 with the Seychelles entity.
- Not accepted: the global site says its services are not intended for people in the United States, Singapore, Iran, India or Japan.
- Age claim: 12+ years of experience. The record supports it: tickmill.com was registered on 8 July 2014 and the site was trading by January 2015.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
Seychelles Financial Services Authority (FSA)
Financial Sector Conduct Authority (FSCA)
Dubai Financial Services Authority (DFSA)
Found by our investigation (1) — the broker does not list these on its own site
Labuan Financial Services Authority (Labuan FSA)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate Tickmill high risk because of how its offshore arm handles some profitable clients and where it sells. It is not because of any doubt about its licences.
- The licences are real and they match. The FCA register lists Tickmill UK Ltd with www.tickmill.com/uk. CySEC lists Tickmill Europe Ltd with www.tickmill.com/eu. The Seychelles FSA lists Tickmill Ltd with www.tickmill.com. These are Tickmill's own sites, so this is not a clone.
- Most clients are offshore. Anyone outside the UK and EU opens an account with Tickmill Ltd in Seychelles. That licence comes with no compensation scheme and allows leverage up to 1:1000.
- A repeating fund-access complaint. Clients posted specific complaints after the US jobs report (NFP) on 4 September, 2 October and 6 November 2026. They report profits of $347, $650 and $1,277 removed by 'manual adjustment', a R5,180.89 debit, withdrawals cancelled and wallets frozen. Some say their original deposit was also held during a review. Google Play users describe similar cancelled withdrawals and blocked accounts in August 2026. Tickmill replies to almost every complaint and says it reviews irregular trading around major events. The latest cluster followed the 6 November release, so the pattern is ongoing.
- The contract allows some of this. Clause 5.14 of Tickmill Ltd's October 2026 client agreement lets it take back profits it can document came from exploiting price errors. The agreement says nothing about news trading as such. Complainants say they were never shown that evidence. From outside we cannot tell who is right, so we treat this as an unresolved pattern, not proven theft.
- Selling where it holds no licence. Malaysia's SC has listed Tickmill since November 2020, and India's RBI alert list names tickmill.com. Brazil's CVM ordered five Tickmill group companies to stop offering services there in September 2025. Oman's FSA flagged Tickmill's official Instagram account in October 2026, and Indonesia's Bappebti blocked Tickmill's Facebook page in 2023. The global site says it is not intended for India, yet Indian users describe paying rupee deposits by UPI.
- Some claims overreach. Tickmill says UK clients are covered by the FSCS up to £120,000, but the FSCS limit for investment claims is £85,000. Its Google Play listing still names a Labuan licence that was surrendered in January 2025.
- How the number is built. Our six scores average 4.0 out of 10, with licences, identity and complaints counted twice. That gives 40%. No hard floor applies.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The FCA register lists TICKMILL UK LTD, FRN 717270, Authorised since 29 Jul 2016, with website www.tickmill.com/uk/, Companies House number 09592225 and the Devonshire Square address Tickmill publishes. It can hold client money and shows no disciplinary notices. Name, domain and address all match.
Hard proofFCA Financial Services RegisterE2The same FCA entry warns of two clone firms using Tickmill UK Ltd's details: FX Profit Broker / FXPB / Armada Markets UK LTD (added 28 Aug 2020) and FxoptionTrade Limited (added 26 Mar 2021).
E3CySEC lists Tickmill Europe Ltd, licence 278/15 dated 5 Aug 2015, company 340249, previous name Vipro Markets Ltd, approved domain www.tickmill.com/eu. Its permissions include reception and transmission, execution, dealing on own account and portfolio management.
E4The Seychelles FSA lists Tickmill Ltd as a Securities Dealer at Office 1, KLA Complex, Mont Fleuri, Mahe, with website https://www.tickmill.com. Tickmill gives the licence number as SD008.
StrongFSA Seychelles registerE5FSCA register: FSP 49464, TICKMILL SOUTH AFRICA (PTY) LTD, private company 2017/531268/07, authorised 9 Oct 2019. Approved products are Category I shares, derivatives and forex under 'Intermediary Other' only, with no advice. The register still gives the Melrose Arch address.
E6Searching the FSCA list of over-the-counter derivative providers for Tickmill returns TICKMILL LTD (foreign, non-bank, 140 West Street, Sandton) with status Withdrawn. No enforcement action is attached.
E7A search of the FSCA enforcement actions database for Tickmill returns no results.
E8The DFSA public register, in its copy archived on 24 Oct 2025, lists Tickmill UK Ltd (DIFC Representative Office), reference F007663, licensed 22 Mar 2023 to operate a representative office only.
E9Labuan FSA's list of surrendered and revoked money brokers as at 19 Mar 2025 records Tickmill Asia Ltd as surrendered on 10 Jan 2025, not revoked.
E10Companies House: TICKMILL UK LTD, 09592225, incorporated 14 May 2015 as TMILL UK LIMITED and renamed on 28 Feb 2018. It is active, with accounts filed to 31 Dec 2025. Procard Global Ltd (09369927, incorporated 30 Dec 2014) shares the same address.
StrongUK Companies HouseE11Cyprus Registrar of Companies: TICKMILL EUROPE LTD, HE 340249, registered 29 Jan 2015, status registered, previous names Vipro Markets Ltd and Takibrokers Limited.
ModerateCyprus Registrar of CompaniesE12tickmill.com was registered on 8 Jul 2014 through GoDaddy and is renewed to 2027.
ModerateVerisign RDAPE13The archived tickmill.com homepage of 4 Jan 2015 shows a live broker site saying it is authorised and regulated by the FSA, Seychelles. That supports continuous operation since early 2015.
E14Trustpilot: 1,202 reviews, TrustScore 2.3 (54% five-star, 30% one-star), 99% of negative reviews answered. Since early September 2026, at least two dozen reviews describe profits removed by manual adjustment, withdrawals cancelled and wallets frozen after NFP trades. They cite amounts such as $1,277, $650, $347, USD 738.44 and R5,180.89, plus ticket numbers. Tickmill replies that it reviews irregular trading under its client agreement.
StrongTrustpilotE15The Tickmill app (developer Tickmill Technologies, 3.4 stars, about 1,970 reviews) has August 2026 reviews describing a cancelled withdrawal, funds moved back to the wallet and the account blocked. Another describes a rupee UPI deposit paid to a third party and never credited. The app description, updated 12 Oct 2026, still lists Tickmill Asia Ltd's Labuan licence MB/18/0028.
ModerateGoogle PlayE16Clause 5.14 of Tickmill Ltd's Client Service Agreement (October 2026) rejects strategies that exploit price errors or off-market prices. It lets the company retrieve historic profits it can document were gained that way. The agreement does not mention news trading.
E17Malaysia's SC Investor Alert List names Tickmill (https://www.tickmill.com/ms), added in 2020, for carrying on capital market activities of dealing in securities and derivatives without a licence.
E18The RBI Alert List updated 19 Nov 2025 includes Tickmill (https://www.tickmill.com) at entry 38. It names entities not authorised to deal in forex or run a forex trading platform in India.
ModerateReserve Bank of India Alert ListE19Brazil's CVM, in Ato Declaratório 23.967 of 29 Sep 2025, ordered Tickmill Ltd, Tickmill UK Ltd, Tickmill Europe Ltd, Tickmill South Africa (Pty) Ltd and Procard Global Ltd to stop offering intermediation services to Brazilian residents. The order covers tickmill.com and tickmill.tech and carries a R$1,000 daily fine for non-compliance.
ModerateCVM (Brazil) alertE20IOSCO I-SCAN carries an Oman FSA warning dated 19 Oct 2026 against the Instagram account @tickmill_official as an unlicensed entity offering financial services. Tickmill's own site links to that account.
E21Indonesia's Bappebti press release of 6 Jul 2023 lists www.facebook.com/Tickmill, Tickmill's official Facebook page, among blocked illegal futures trading sites. It also lists sites such as atr-tickmill.com.
E22The global site's footer says Tickmill's services are not intended for persons in Singapore, the United States, Iran, India or Japan. Indian users on Google Play nonetheless describe depositing rupees by UPI.
ModerateTickmill global site footerE23Tickmill's licences page says FSCS cover for UK clients reaches £120,000 if the firm cannot meet its obligations, and the EU homepage shows '€120,000 FSCS protection'. The FSCS investment limit for firms failing after April 2019 is £85,000; £120,000 is the bank deposit limit.
E24Tickmill's EU homepage banner says 'FSC Regulated', but no Tickmill entity names an FSC licence. Its regulators are the FCA, CySEC, FSA Seychelles, FSCA and DFSA.
E25Tickmill's global contact page names Tickmill Ltd (Seychelles company 8414279-1, FSA licence SD 008) and Tickmill South Africa (Pty) Ltd (2017/531268/07). The same global site is served on mirror domains including ctr-tickmill.com, tickmill-id.com and tickmill.tech.
ModerateTickmill global contact pageE26Forex Peace Army's Tickmill page, archived in April 2024, showed 3.34 out of 5 from 241 reviews. Comments were mixed, and several praised fast withdrawals.
E27LEI record 213800TUQ7N6STKGTH66 confirms TICKMILL LTD, Seychelles registration 8414279-1, status active, with its registered agent's address in Mont Fleuri.
WeakGLEIF LEI record
The other side
The strongest case in this broker’s favour.
The best case for Tickmill is a long, regulated track record and a client agreement that warns about price-error trading in advance.
- It has traded for about 12 years. Tickmill UK Ltd has been FCA authorised since 29 July 2016 and may hold client money. The EU firm holds a full CySEC investment firm licence that includes dealing on own account.
- No regulator has fined it. The FCA register shows no disciplinary notices, and the FSCA enforcement search returns nothing for Tickmill. The FCA does list two clone firms posing as Tickmill, which points to a real brand that others copy.
- The complaints cluster around one event, the monthly US jobs report, and mostly involve small accounts trading gold. Brokers do reverse trades filled at off-market prices, and clause 5.14 of the Seychelles agreement says Tickmill can. One complainant says four accounts, including theirs, were suspended at the same time, which fits a review of a shared strategy.
- Tickmill answers 99% of negative Trustpilot reviews, usually within 48 hours. At least one reviewer describes a bounced withdrawal that its funding team traced and returned.
- Much of the feedback is positive. 54% of 1,202 Trustpilot reviews are five-star, and the Google Play app rates 3.4 from about 2,000 reviews.
- Country licensing warnings are common for global brokers. The same RBI list names eToro, Exness, AvaTrade, FXCM and Forex.com.
- UK clients deal with the FCA firm and have the Financial Ombudsman Service and FSCS. EU clients deal with the CySEC firm and have the Investor Compensation Fund.
What would change this
What we would need to see to revise the verdict.
These developments would move our rating one way or the other.
- Lower risk: the NFP complaints stop after future releases, or Tickmill shows affected clients the clause and trade data behind each adjustment.
- Lower risk: the Seychelles FSA or an ombudsman rules on the disputes and confirms they were genuine abuse cases.
- Lower risk: Tickmill corrects its FSCS figure and its app listing, or obtains local licences in the countries that now warn about it.
- Higher risk: clients report that original deposits, not just profits, are kept; a regulator acts on the adjustments; or the same complaints reach the UK or EU entities.
- Higher risk: any warning, fine or licence restriction from the FCA, CySEC or the Seychelles FSA.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FCA register: Tickmill UK Ltd (FRN 717270)
Status, permissions, website and the FCA's clone warnings.
CySEC register: Tickmill Europe Ltd (278/15)
Licence date, approved domain and permitted services.
FSA Seychelles: Tickmill Ltd
Confirms Tickmill Ltd as a licensed securities dealer.
FSCA register: FSP 49464
Tickmill South Africa's authorisation date and approved products. Tickmill links only to the FSCA home page.
Tickmill licences page
Tickmill's own list of entities, licence numbers and verify links.
Tickmill Ltd client agreement (October 2026)
Clause 5.14 sets out when profits can be taken back.
UK Companies House: Tickmill UK Ltd
Incorporation date, status and filings.
SC Malaysia Investor Alert List
Search the list for Tickmill.
RBI Alert List (India)
Unauthorised forex platforms; Tickmill is entry 38.
CVM alert on Tickmill (Brazil)
2025 order to stop offering services in Brazil.
Trustpilot reviews of Tickmill
Sort by most recent to see current complaints and the company's replies.
Frequently asked questions
Quick answers about this broker’s safety.
Is Tickmill a scam?
No. Tickmill is a real broker group whose licences are confirmed on the FCA, CySEC, Seychelles FSA and FSCA registers. We still rate it high risk. Since September 2026, clients of its Seychelles entity have reported profits removed and withdrawals held after news trading, and it sells in countries where it holds no licence.
Is Tickmill a fraud?
We found no evidence that Tickmill is a fraud. No regulator or court has made a fraud finding against any Tickmill company, and we found no fines. The current disputes are about profit adjustments that Tickmill says its client agreement allows.
Is Tickmill regulated?
Yes, by different regulators depending on where you live. Tickmill UK Ltd is FCA authorised (FRN 717270), Tickmill Europe Ltd holds CySEC licence 278/15, and Tickmill Ltd holds Seychelles FSA licence SD008. Tickmill South Africa holds FSCA intermediary licence FSP 49464, and the Dubai office (DFSA F007663) is a representative office only.
Which Tickmill company will hold my account?
UK residents deal with Tickmill UK Ltd and EU residents with Tickmill Europe Ltd. Clients elsewhere are generally served by Tickmill Ltd in Seychelles. Check the company named in your client agreement before you deposit.
Why do clients say Tickmill removed their profits?
Since September 2026, many reviewers say profits made around the monthly US jobs report were taken back by 'manual adjustment' and their withdrawals frozen during an account review. Tickmill says it checks irregular trading around major events and can adjust trades that breach its client agreement. Clause 5.14 lets Tickmill Ltd reclaim profits it can document came from exploiting price errors, but complainants say they were not shown that evidence.
Can I withdraw my money from Tickmill?
Many clients report normal withdrawals, and Tickmill says most requests are processed within one business day. Problems cluster around accounts put under review after profitable news trades, where withdrawals can be disabled for days or weeks. Make a small test withdrawal first and keep records.
Is my money safe with Tickmill?
It depends on the entity. UK clients have FSCS cover up to £85,000 for investment claims, and EU clients have the Cyprus Investor Compensation Fund up to €20,000. Clients of Tickmill Ltd in Seychelles have no compensation scheme, only segregated accounts and the FSA complaints process. Tickmill's own site overstates UK cover at £120,000.
Why do regulators in Malaysia, India, Brazil, Oman and Indonesia warn about Tickmill?
Because Tickmill offers its services to residents there without a local licence. Malaysia's SC listed it in 2020 and India's RBI includes tickmill.com on its alert list. Brazil's CVM ordered it to stop in 2025, Oman's FSA flagged its Instagram account in 2026, and Indonesia's Bappebti blocked its Facebook page in 2023. These are licensing warnings, not fraud findings, but your local regulator will not protect you.
How old is Tickmill and which companies are behind it?
Tickmill's main domain was registered in July 2014 and its site was trading by January 2015. The group includes Tickmill Ltd (Seychelles), Tickmill UK Ltd (incorporated 14 May 2015), Tickmill Europe Ltd (registered in Cyprus on 29 January 2015) and Tickmill South Africa (Pty) Ltd. That is roughly 12 years of history we could verify.
Are there fake Tickmill websites or clone firms?
Yes. The FCA register lists two clone firms using Tickmill UK Ltd's details: FX Profit Broker / FXPB / Armada Markets UK LTD, and FxoptionTrade Limited. Tickmill also runs official mirror domains such as ctr-tickmill.com, so check any site against the links on tickmill.com and the FCA register before you pay.
What is Tickmill's South African licence worth?
Tickmill South Africa (Pty) Ltd holds FSCA licence FSP 49464, authorised on 9 October 2019 for intermediary services only in shares, derivatives and forex. It is not an over-the-counter derivative provider licence, and the FSCA lists Tickmill Ltd's earlier derivative provider authorisation as withdrawn. Check which company your account agreement names.
What should I check before depositing with Tickmill?
Confirm the entity in your agreement and check that your own regulator does not list Tickmill. Read the client agreement's rules on price errors and profit adjustments, and make a small test withdrawal first. Use only tickmill.com links and keep copies of everything.
What can I do if Tickmill removed my profits or froze my withdrawal?
Ask support in writing for the exact clause and the trade data, then file a formal complaint with Tickmill's compliance department. If it is not resolved, go to the regulator of your entity: the Seychelles FSA for Tickmill Ltd, the Financial Ombudsman Service for Tickmill UK Ltd, or the Financial Ombudsman of the Republic of Cyprus for Tickmill Europe Ltd. Keep statements, screenshots and ticket numbers.
What we recommend
The practical takeaway from everything above.
Many traders use Tickmill without problems. Before you deposit, check which company holds your account and how it treats news trading.
- In the UK or EU, make sure your agreement names Tickmill UK Ltd or Tickmill Europe Ltd. Those firms come with FCA or CySEC oversight and a compensation scheme.
- Elsewhere you will be with Tickmill Ltd in Seychelles. Treat it as an offshore broker with no compensation scheme, and check whether your own regulator allows it. Malaysia, India, Brazil, Oman and Indonesia have warned against it.
- Read clause 5.14 of the Seychelles client agreement before trading around major data releases such as NFP. Most complaints involve profits made on news spikes.
- Start with a small deposit and make a test withdrawal before adding more.
- Keep your own records: statements, trade history, screenshots and ticket numbers.
- If a profit is adjusted or a withdrawal is held, ask in writing for the exact clause and the trade data. Then file a formal complaint with Tickmill's compliance department. If that fails, go to the regulator of the entity that holds your account: the Seychelles FSA, the UK Financial Ombudsman Service or the Financial Ombudsman of the Republic of Cyprus.
- Only use tickmill.com and the links on it. The FCA lists clone firms posing as Tickmill, so check any unexpected contact against the FCA register.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed November 9, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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