Tickmill was founded in 2014 and is headquartered in Seychelles, with additional offices in the UK and Cyprus. The broker has grown rapidly, serving over 200,000 clients globally. For Denmark traders, Tickmill offers a low-cost trading environment with tight spreads from 0.0 pips and high leverage up to 500:1. While not regulated by the Danish FSA (Finanstilsynet), the broker’s CySEC entity provides some EU investor protections. Tickmill is particularly attractive to Danish retail forex traders who want competitive pricing and a wide range of instruments, including major forex pairs, indices, commodities, and crypto CFDs. The broker supports local payment methods like Bank Transfer (SEPA), Skrill, and USDT, making deposits and withdrawals convenient for Danish users. However, the primary regulatory entity for most retail clients is the Seychelles FSA, which means lower compensation coverage. Overall, Tickmill is a solid choice for experienced Danish traders who understand the risks, but beginners may want to consider a more locally regulated alternative.
| 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 Islamic (swap-free) account for Muslim traders in Denmark. This account is available on all account types (Classic, Pro, VIP) and is free of swap/rollover interest on overnight positions for forex pairs. However, for some instruments like indices or commodities, a small administrative fee may be charged after a holding period (e.g., 10 days). To apply, Denmark traders need to contact Tickmill support and request the swap-free status. The account is reviewed periodically to ensure compliance. There are no hidden fees, but traders should check the terms for specific instruments. This makes Tickmill a suitable option for Muslim traders in Denmark who want to trade forex without violating Sharia law.
| 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 Denmark 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 Denmark traders:
Tickmill is a strong choice for experienced Denmark traders who prioritize low trading costs and are comfortable with the regulatory risks of an offshore entity. The competitive spreads, multiple account types, and support for local payment methods like Bank Transfer, Skrill, and USDT make it convenient for Danish users. However, the lack of a Danish FSA license and the reliance on the Seychelles entity for most clients means lower investor protection. Beginners in Denmark may prefer a broker regulated by the Danish FSA or a top-tier EU regulator. Overall, Tickmill is recommended for active forex traders who understand the risks, but not for those seeking maximum safety.