Tickmill was founded in 2014 and has grown into a globally recognized forex and CFD broker, serving over 500,000 clients worldwide. Its headquarters are in Seychelles, but it operates under multiple regulators, including CySEC (EU), which makes it accessible to Spanish traders. For Spain, Tickmill offers a compelling proposition: low trading costs (spreads from 0.0 pips), fast execution, and support for popular local payment methods like Bank Transfer (SEPA) and Skrill. The broker is particularly known for its tight spreads on forex majors and its strong educational resources. While Tickmill does not have a physical office in Spain, its EU regulation ensures that Spanish clients benefit from the same protections as other EU traders, such as negative balance protection and segregated client funds. The broker is a good fit for both beginners and experienced traders in Spain who prioritize low costs and a reliable MetaTrader platform.
| 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 an Islamic (swap-free) account for Spanish traders who require Sharia-compliant trading, which means no interest (swap) is charged or earned on overnight positions. This account is available on the Classic and Pro accounts but not on the VIP account. To apply, you need to contact Tickmill's support team after opening a standard account, and they will convert it to swap-free. There are no hidden fees, but positions held for more than 10 consecutive days may incur a small administrative fee (typically around $5 per lot per week). This is a standard practice among brokers to prevent abuse of swap-free accounts. For Spanish Muslim traders, this is a genuine swap-free option that aligns with Islamic finance principles. However, it is important to note that the account is only available for a limited number of instruments (mainly forex and metals), and some CFDs may not be eligible. Overall, it is a good option for those who need it.
| 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 Spain 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 Spain traders:
Tickmill is a strong choice for Spanish traders who prioritize low trading costs and a reliable MetaTrader experience. The Pro account offers some of the tightest spreads in the industry, making it ideal for active forex traders. Regulation by CySEC provides a good level of safety, though the lack of a direct CNMV license may be a minor concern for some. The broker's acceptance of Bank Transfer and Skrill makes funding easy for Spanish clients. However, the absence of Spanish-language support and educational materials is a significant drawback for traders who are not comfortable with English. Overall, Tickmill is recommended for experienced Spanish traders who are comfortable with English and want low-cost trading. Beginners may find it less accessible due to the language barrier. If you are an active trader looking to minimize costs, Tickmill is worth considering.