Tickmill was founded in 2014 and is headquartered in Seychelles, with additional offices in the UK, Cyprus, and South Africa. Over the past decade, it has grown into a globally recognized forex broker, serving over 300,000 clients worldwide. For Saudi Arabia traders, Tickmill is particularly relevant because it offers an Islamic (swap-free) account, supports local payment methods such as Bank Transfer (SAR), Skrill, and USDT, and provides competitive spreads starting from 0.0 pips on its Pro account. The broker is known for its low-cost trading environment, fast execution speeds, and a range of tradable instruments including major forex pairs, gold, oil, indices, and cryptocurrencies. While Tickmill is not regulated by the Saudi Arabian Monetary Authority (SAMA), it is licensed by the Seychelles Financial Services Authority (FSA) and other reputable bodies. This makes it a viable option for Saudi retail forex traders who are comfortable with offshore regulation and prioritize tight spreads and flexible deposit options. The broker also offers a demo account for practice, which is useful for beginners in the Kingdom.
| 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 Saudi Arabia, complying with Sharia law by eliminating interest (riba) on overnight positions. The Islamic account is available on all live account types (Classic, Pro, VIP) and must be requested by contacting customer support after registration. There are no hidden fees or increased spreads for holding positions overnight, making it a fair option for long-term traders. However, Tickmill may charge an administrative fee for positions held open for an extended period (e.g., more than 3 days) on certain instruments, as per their policy. Saudi traders should confirm this with the support team before opening the account. The Islamic account does not affect leverage or trading conditions otherwise. To apply, simply open a live account, then submit a request via email or live chat with your account number and a declaration of your Muslim faith. Approval usually takes 24-48 hours.
| 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 Saudi Arabia 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 Saudi Arabia traders:
Tickmill is a reliable and low-cost broker that can be a good fit for Saudi Arabia traders who are comfortable with offshore regulation. Its key strengths are tight spreads, an Islamic account, and support for popular local payment methods like Bank Transfer, Skrill, and USDT. The minimum deposit of $100 is accessible, and the MetaTrader platforms are stable on Saudi internet. However, the lack of SAMA regulation means Saudi traders have limited recourse in case of disputes, and the absence of Arabic support and localized content may be a drawback. The broker is best suited for experienced retail forex traders in Saudi Arabia who prioritize low trading costs and fast execution over top-tier regulatory protection. Beginners should start with a demo account and consider the Classic account for simplicity. Overall, Tickmill earns a solid 3.3/5 rating for Saudi Arabia traders, with room for improvement in localization and regulatory oversight.