Tickmill was founded in 2014 and is headquartered in Seychelles, with additional offices in London, Cyprus, and South Africa. The broker has grown to serve over 200,000 clients globally, including a growing number of Norway traders. Tickmill is known for its low-cost trading environment, offering tight spreads and fast execution via MT4/MT5. For Norway traders, the broker provides a straightforward onboarding process with support for Bank Transfer (SEPA), Skrill, and USDT deposits. While Tickmill does not have a local Norwegian office or license from Finanstilsynet, it is regulated by the FCA and CySEC, which are respected European regulators. The broker appeals to retail forex traders in Norway looking for competitive pricing and a no-frills trading experience. With a minimum deposit of $100 and leverage up to 1:500 (outside the EU), Tickmill is suitable for both beginners and experienced traders. However, Norway traders should be aware that the highest leverage is only available via the Seychelles entity, which lacks the same investor protection as the FCA-regulated one. Overall, Tickmill is a reliable broker for cost-conscious Norwegian traders who prioritize low spreads and fast execution over advanced platform features like cTrader or copy trading.
| 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 Norway. This account is available on both the Classic and Pro account types. There are no hidden fees or administrative charges for holding positions overnight — the account is truly swap-free. However, positions held for very long periods (e.g., months) may be reviewed by the broker to prevent abuse. To apply, Norway traders need to register a standard account first, then contact Tickmill's customer support via live chat or email to request conversion to an Islamic account. You may be asked to provide proof of Muslim faith (e.g., a declaration). The Islamic account retains all other features, including tight spreads and the same leverage options. For Norway's Muslim community, this is a valuable offering as many brokers charge hidden fees on swap-free accounts. Tickmill's Islamic account is transparent and complies with Sharia law. It is recommended for traders who hold positions overnight and want to avoid interest (riba).
| 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 Norway 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 Norway traders:
Tickmill is a reliable and low-cost broker for Norway traders who prioritize tight spreads and fast execution. The FCA regulation provides a solid safety net, and the availability of Skrill and USDT deposits makes funding easy. However, the lack of a Norwegian license means traders must rely on foreign regulators. The broker is best suited for experienced retail forex traders who use MT4/MT5 and want to minimize costs. Beginners may miss features like copy trading or Norwegian-language support. The Islamic account is a plus for Muslim traders. Overall, Tickmill is recommended for Norway traders who value low spreads and are comfortable with a no-frills platform. If you need advanced platforms like cTrader or local regulation, consider alternatives like IC Markets or XM. For cost-focused traders, Tickmill is a strong choice.