Tickmill was founded in 2014 and is headquartered in Seychelles, but it has a strong presence in Cyprus through its regulated entity, Tickmill EU Ltd, authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 282/15. The broker has grown to serve over 300,000 clients globally, offering retail forex and CFD trading. For Cyprus traders, Tickmill is particularly relevant because it provides a local regulatory framework (CySEC) that ensures fund protection, negative balance protection, and access to the Investor Compensation Fund (ICF) up to €20,000. The broker is known for its tight spreads, fast execution speeds, and a range of account types suitable for both beginners and experienced traders. With a minimum deposit of $100 and support for popular local payment methods like Bank Transfer (SEPA), Skrill, and USDT, Tickmill is a practical choice for retail traders in Cyprus. However, its overall score of 3.3 reflects some limitations, such as no copy trading and a limited range of tradable instruments compared to larger competitors.
| Detail | Information |
|---|---|
| Founded | 2014 |
| Headquarters | Seychelles |
| Regulated by | FCA,CySEC,FSCA,FSA,LFSA |
| Min Deposit | $100 |
| Max Leverage | 500 |
| Platforms | MT4, MT5 |
| Islamic Account | ✓ Available |
| Copy Trading | ✗ Not available |
| Demo Account | ✓ Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | 0.10 pips | $2.00 | $2.10 | 1.60 pips |
| XAU/USD | 0.18 pips | $2.00 | $2.18 | 0.25 pips |
| Feature | Available |
|---|---|
| Demo Account | ✓ Yes |
| ECN/Raw Account | ✓ Yes |
| Islamic (Swap-free) | ✓ Yes |
| Scalping Allowed | ✓ Yes |
| Hedging Allowed | ✓ Yes |
| Expert Advisors (EA) | ✓ Yes |
| Copy Trading | ✗ No |
Tickmill offers a genuine swap-free Islamic account for Muslim traders in Cyprus who wish to trade in accordance with Sharia law. This account is available on both the Classic and Pro account types and can be requested by contacting customer support via live chat or email. There are no hidden fees or additional spreads; the swap-free feature is applied to all instruments, including forex pairs, commodities, and indices. However, for long-term positions, some brokers may charge an administration fee after a holding period, but Tickmill does not impose such fees for Islamic accounts. To apply, simply open a live account and request the swap-free status. The account remains active as long as you do not trade in a way that violates the policy (e.g., excessive hedging). This makes Tickmill a good option for Muslim traders in Cyprus.
| Feature | Details |
|---|---|
| Islamic Account Available | ✓ Yes |
| Swap Fees | ✓ No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | ✓ All available | 0.10 pips |
| Gold (XAU/USD) | Spot Gold | ✓ Available | 0.18 pips |
| Silver (XAG/USD) | Spot Silver | ✓ Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | ✓ Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | ✓ Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | ✓ Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | ✓ Available | 0.02% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✗ No | Not available |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Tickmill ★ | $100 | 0.10 pips | ✓ | ✗ | 3.3 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| IC Markets | $200 | 0.02 pips | ✓ | ✗ | 4.8 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
Understanding how Tickmill protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Cyprus traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✓ Yes | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✓ Yes | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from Tickmill relevant to Cyprus traders:
Tickmill is a reliable and cost-effective broker for Cyprus traders, especially those focused on forex and CFD trading. Its CySEC regulation, combined with tight spreads and a low minimum deposit, makes it a strong choice for retail traders who prioritize safety and low costs. The availability of local payment methods like Skrill and USDT adds convenience. However, the lack of copy trading, limited instrument range, and platform restrictions mean it may not suit everyone. For Cyprus traders who are comfortable with MT4/MT5 and want a straightforward, low-cost trading experience, Tickmill is a solid option. It is best for active forex traders, scalpers, and Muslim traders needing swap-free accounts. Beginners may find the educational resources adequate but should start with the demo account. Overall, Tickmill earns a recommendation for Cyprus traders who value regulation and low spreads over a vast product selection.