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Tickmill Review

Overall, Tickmill is very competitive in terms of its trading fees and spreads. Tickmill offers three retail investor accounts as well as demo and Islamic accounts. Tickmill has a trust score of 82% out of 100. Tickmill is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : October 12, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees


001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question


Overall Rating

Min Deposit

USD 100



Trading Desk

Meta Trader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Tickmill Overview

Tickmill Review Overview 👉 Overall, Tickmill is considered low-risk, with an overall Trust Score of 82 out of 100. Tickmill is licensed by one Tier-1 regulator (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). Tickmill offers three different retail trading accounts namely a Pro Account, Classic Account, and a VIP Account.   👉 Tickmill is a global provider of financial trading services, with a primary concentration on contracts for difference (CFDs) on foreign currency exchange (Forex), stock indices, commodities, and other asset classes.   👉 Tickmill was launched in 2015 and holds licenses from reputable regulators in the foreign exchange market.   👉 Tickmill offers first-rate products and services and caters to the requirements of the most discerning retail and professional customers all over the world.     👉 Tickmill provides exceptional trading conditions, including spreads starting at 0 pip, incredibly rapid execution speeds, and superb customer service in more than 15 languages.   👉 Tickmill’s development team is focused on meeting the trading expectations and ambitions of the brokerage’s existing clients while also ensuring that the brokerage continues to grow and expand.   👉 Tickmill employs innovative trading technology in combination with superior trading conditions. Tickmill exclusively uses the best and most well-known liquidity providers, such as major banks and hedge funds, to offer liquidity.   👉 Traders may access powerful and customizable trading platforms like MetaTrader 4 and MetaTrader 5 from a range of devices. Traders will also get access to a few client tools and promotions, as well as favourable trading conditions.   👉 This Tickmill review for Botswana will provide local retail traders with the details that they need to consider whether Tickmill is suited to their unique trading objectives and needs.   👉 Tickmill accepts Botswanan clients and has an average spread from 0.0 pips with commissions from $1 per standard lot traded. Tickmill has a maximum leverage ratio up to 1:500 and there is a demo and Islamic account available.   👉 MetaTrader 4 and MetaTrader 5 platforms are supported. Tickmill is headquartered in London, United Kingdom and regulated by Seychelles FSA, FCA, CySEC, Labuan FSA, and FSCA.  

Tickmill Distribution of Traders

Tickmill Review Distribution of Traders 👉 Tickmill currently has the largest market share in these countries ➡️ Poland – 14.9% ➡️ Vietnam – 9.04% ➡️ Thailand – 7.04% ➡️ Malaysia – 6.26% ➡️ Qatar – 5.50%  

Popularity among traders who choose Tickmill

🥇 Despite having a market share of less than 5% in Botswana, Tickmill is a broker that accepts and welcomes Botswanan traders. Because of this, Tickmill is ranked among the Top 50 brokers for Botswanan traders.

Tickmill At a Glance

🏛 HeadquarteredLondon, United Kingdom
🌎 Global OfficesCyprus, South Africa, Seychelles, Malaysia
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2015
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
• Telegram
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
1️⃣ Tier-1 Licenses• Financial Conduct Authority (FCA)
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange • Commission (CySEC)
• Financial Sector Conduct Authority (FSCA)
3️⃣ Tier-3 Licenses• Financial Services Authority (FSA)
• Financial Services Authority Labuan (LFSA)
🪪 License Number• Seychelles – SD008
• United Kingdom – 733772
• Cyprus – 278/15
• Labuan – MB/18/0028
• South Africa – FSP 49464
⚖️ MFED, BoB, or NBFIRA RegulationNo
✔️ Regional RestrictionsThe United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
✔️ PAMM AccountsMAM Accounts
💻 Liquidity ProvidersBarclays and other top-tier banks as well as hedge funds
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket
📊 Starting spreadFrom 0.0 pips
📉 Minimum Commission per Trade$1 per side, per standard lot traded
💰 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call100%
🛑 Stop-Out30%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size100 lots
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum Leverage1:500
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)1,200 Botswanan Pula equivalent to $100
✔️ Botswana Pula Deposits Allowed?No, only USD, GBP, EUR, IDR, CNY, VND, RUB
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based Tickmill customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Bank Transfer
• Debit Card
• Credit Card
• Skrill
• Neteller
• Sticpay
• Fasapay
• UnionPay
• Nganluong
• WebMoney
💻 Minimum Withdrawal Time1 business day
⏰ Maximum Estimated Withdrawal Time2 to 7 Business Days
💳 Instant Deposits and Instant Withdrawals?Instant Deposits
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• MetaTrader 4
• MetaTrader 5
💻 Tradable Assets• Forex
• Stock Indices
• Energies
• Precious Metals
• Bonds
• Cryptocurrencies
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo, but offers AFRICA40 FTSE/JSE
💻 Languages supported on the WebsiteEnglish, Indonesian, Russian, Arabic, Italian, Thai, Vietnamese, German, Chinese (Simplified), Spanish, Polish, Korean, Malay, Portuguese
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes, Myfxbook
⏰ Customer Service Hours24/5
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?Yes
📚 Education for Botswanan beginner tradersYes
📱 Proprietary trading softwareNo
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is Tickmill a safe broker for Botswana Traders?Yes
🎖 Rating for Tickmill Botswana9/10
🥇 Trust score for Tickmill Botswana82%
👉 Open Account👉 Open Account

Tickmill Regulation and Safety of Funds

Tickmill Review Regulation And Safety

Tickmill Regulation in Botswana

👉 Tickmill is not regulated by any of the following local market regulators in Botswana:

➡️ Ministry of Finance and Economic Development (MFED)

➡️ Bank of Botswana (BoB)

➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)


👉 However, despite this, Tickmill is well-regulated in several other regions by Tier-1, Tier-2, and Tier-3 regulatory entities, which proves that this is a safe and reliable broker for Botswanans.


Tickmill Global Regulations

👉 Tickmill is a subsidiary of the Tickmill Group of Companies, which includes the following companies and organizations:

➡️ United Kingdom – Tickmill UK Ltd is a financial services company that is based in the United Kingdom and is authorized and regulated by the Financial Conduct Authority (FCA).

➡️ Cyprus – The Cyprus Securities and Exchange Commission (CySEC) oversees the operations of Tickmill Europe Ltd.

➡️ South Africa – Tickmill South Africa (Pty) Ltd is a Financial Services Provider (FSP) that is registered with the number 49464 and regulated by the Financial Sector Conduct Authority (FSCA).

➡️ Seychelles – The Financial Services Authority (FSA) oversees Tickmill Ltd. In addition to this, Tickmill Ltd. owns Procard Global Ltd. and operates it as a subsidiary.

➡️ Malaysia – Tickmill Asia Ltd. is a company that is licensed by the Financial Services Authority of Labuan under license number MB/18/0028.


👉 Apart from these strict regulations, Tickmill is also registered by the following entities:

➡️ United Kingdom – Financial Conduct Authority (FCA)

➡️ Germany – Federal Financial Supervisory Authority (BaFin)

➡️ Italy – Commissione Nazionale per le Società e la Borsa (CONSOB)

➡️ France – Autorité de Contrôle Prudential (ACPR)

➡️ Spain – Comisión Nacional del Mercado de Valores (CNMV)


Tickmill Client Fund Security and Safety Features

Tickmill Client Fund Security and Safety Features

👉 Tickmill conforms with MiFID II, the European Union’s Markets in Financial Instruments Directive. This guarantees that Tickmill is completely transparent in all its dealings and that consumers are protected.


👉 Tickmill must keep all customer monies in separate bank accounts with top financial institutions in the regions where they do business. These funds are distinct from Tickmill’s own and can only be utilized for customer trading activity.


👉 Investor protection is provided by Tickmill UK Ltd’s participation in the Financial Services Compensation Scheme (FSCS), which provides qualifying clients with compensation of up to £85,000 per customer.


👉 If Tickmill fails to satisfy claims against it, the firm seizes operations or declares default, this compensation is provided to retail clients. Traders who have lost money due to trading decisions they made in live markets are not eligible for compensation.


👉 Tickmill Europe Ltd is a member of the Investor Compensation Fund (ICF), which focuses on resolving claims made by clients protected by the plan against ICF members like Tickmill.


👉 If a claim of loss arises because the broker fails to satisfy its financial commitments, ICF compensates qualified clients up to a specific sum.

Tickmill Awards and Recognition

Tickmill Awards and Recognition

👉 Tickmill has garnered quite a few prestigious accolades for the quality of its offerings, including the fact that its prices are consistently among the most affordable in the industry. Some of these include:

➡️ Best Trading Conditions (2021) – FxScouts

➡️ #1 Broker for Commissions and Fees (2021) – ForexBrokers.com

➡️ Best MENA Forex Broker (2021) – Cairo Virtual Expo

➡️ Best Customer Service (2021) – Cairo Virtual Expo

➡️ Best Commodities Broker (2020) – Rankia Markets Experience Expo

➡️ Best CFD Broker Asia (2019) – International Business Magazine, and many more.

Tickmill Account Types and Features

Tickmill Review Account Types

👉 Tickmill uses a no-dealing desk concept with ECN pricing to provide three different account types for trading FX and CFDs. The Pro, Classic and VIP accounts are all available. Each of these account kinds is appropriate for a particular level of experience in trading.


👉 Each of the accounts is designed to meet the needs of both novice and experienced traders. There is also the option of swap-free Islamic accounts, which is a convenient addition that enables even more traders to make use of the company’s offerings.

💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ Pro1,200 BWP/$1000.0 pips$2 per side, per lot4 USD
➡️ Classic1,200 BWP/$1001.6 pipsNone16 USD
➡️ VIPMin balance of 600,000 BWP or $50,0000.0 pips$1 per side, per lot2 USD


Tickmill Live Trading Account Details

Pro Account

Tickmill Review Pro Account

👉 The Pro Account is designed for more seasoned market participants. As a result of the cheap commission rate and the close spreads, this account is the one that is preferred by many traders.

Account FeatureValue
💰 Minimum Deposit1,200 Botswanan Pula or an equivalent to $100
💻 Minimum Account BalanceNone
📈 Base Currency Options• USD
• PLN (Tickmill UK Ltd. and Tickmill Europe Ltd.)
📊 Spreads From0.0 pips
📉 Maximum Leverage Ratio• Seychelles: 1:500
UK: 1:30 (Retail), 1:500 (Pro)
• Cyprus: 1:30 (Retail), 1:300 (Pro)
• Malaysia: 1:500
• South Africa: 1:500
💰 Minimum Lots that can be traded0.01 lots
💸 Commission charges$2 per side per standard lot of 100,000
✔️ Strategies AllowedScalping, hedging, expert advisors, algorithmic trading, auto trading, etc.
☪️ Swap-Free Islamic Account OptionYes


Classic Account

Tickmill Review Classic Account

👉 A Classic account can accommodate both novice traders and those with more expertise. The Classic Account is equivalent to the Standard account that is provided by a few different brokers. This eliminates the need for you to pay any commission fees.

Account FeatureValue
💰 Minimum Deposit1,200 Botswanan Pula or an equivalent to $100
💻 Minimum Account BalanceNone
📈 Base Currency Options• USD
• PLN (Tickmill UK Ltd. and Tickmill Europe Ltd.)
📊 Spreads From1.6 pips
📉 Maximum Leverage Ratio• Seychelles: 1:500
• UK: 1:30 (Retail), 1:500 (Pro)
• Cyprus: 1:30 (Retail), 1:300 (Pro)
• Malaysia: 1:500
• South Africa: 1:500
💰 Minimum Lots that can be traded0.01 lots
💸 Commission chargesNone
✔️ Strategies AllowedScalping, hedging, expert advisors, algorithmic trading, auto trading, etc.
☪️ Swap-Free Islamic Account OptionYes


VIP Account

Tickmill Review VIP Account

👉 The VIP Account is an invitation-only account designed specifically for high-volume traders. You are not needed to make a minimum deposit to open a VIP Account but, to trade using this account, you will need a minimum account balance of 600,000 BWP or $50,000. Because of this, an experienced trader would benefit more from using this trading account than beginners.

Account FeatureValue
💰 Minimum DepositNone
💻 Minimum Account Balance600,000 Botswanan Pula or an equivalent to $50,000
📈 Base Currency Options• USD
• PLN (Tickmill UK Ltd. and Tickmill Europe Ltd.)
📊 Spreads From0.0 pips
📉 Maximum Leverage Ratio• Seychelles: 1:500
• UK: 1:30 (Retail), 1:500 (Pro)
• Cyprus: 1:30 (Retail), 1:300 (Pro)
• Malaysia: 1:500
• South Africa: 1:500
💰 Minimum Lots that can be traded0.01 lots
💸 Commission charges$1 per side per standard lot of 100,000
✔️ Strategies AllowedScalping, hedging, expert advisors, algorithmic trading, auto trading, etc.
☪️ Swap-Free Islamic Account OptionYes


Tickmill Base Account Currencies

👉 Tickmill does not provide a trading account in the Botswanan Pula (BWP). All five of Tickmill’s worldwide organizations accept just USD, GBP, and EUR as base currencies. Tickmill UK Ltd. and Tickmill Europe Ltd., on the other hand, accept PLN as an extra currency across all accounts.


👉 This is a let-down for Botswanans with BWP bank accounts, given most other overseas brokers provide a more extensive set of services. Conversion fees can increase trading expenses and have a substantial influence on profitability.


Tickmill Demo Account

Tickmill Review Demo Account

👉 Demo accounts are available for both forex and CFD trading with Tickmill. Test out the MT4 and MT 5 platforms, experiment with new trading techniques and investigate extra features with the help of a practice account.


👉 Tickmill’s demo account allows traders to simulate real-world market situations, test tools and trading methods, and hone their talents without risking their money. Tickmill’s trading platforms are full-featured and provide customisable tools and features to improve overall trading success.


👉 You can easily create a demo account directly from the webpage of the broker. The demo server also has a wealth of data on market history.


Tickmill Islamic Account

Tickmill Review Islamic Account

👉 In a Forex Islamic account, there are no swaps or rollover interest charges on overnight holdings, which is against Islam. All Muslim clients who open a Classic, Pro, or VIP account and convert it to an Islamic kind will have access to Tickmill’s best trading conditions.


👉 Islamic trading accounts have the same trading terms and conditions as conventional trading accounts. Except for trading instruments, which do not have swaps, storing many complicated instruments overnight for more than three nights in a row incurs a handling cost.


👉 You will receive an email confirmation once Tickmill’s Customer Support staff has processed your request for Islamic account status. Tickmill will categorize all future trading accounts you create as swap-free by default, removing the need for traders to contact Tickmill.

How to open an Account with Tickmill in Botswana

Tickmill Review Account Regstration

👉 To register an account with Tickmill, Botswanan traders can follow these steps:

➡️ Visit the official Tickmill website and select the option to register from the homepage.

➡️ Fill out the registration form with your contact information, such as name, phone number, and email address, as well as a description of your trading knowledge and experience.

➡️ Maintaining compliance with regulatory requirements necessitates quick verification of the account. A trader must upload official government-issued identification and address proof documents to the broker for their account to be fully verified.

➡️ Tickmill imposes strict KYC and AMC laws upon the users to safeguard them against financial scams. In addition to phone and email verification, customers must click on the links they get on their phone and email to activate their trading accounts and begin trading and investing in assets.

➡️ Once verification is complete, the account will be approved and can now be funded.

Tickmill Vs Exness Vs Pepperstone – Broker Comparison

🥇 Tickmill🥈 Exness🥉 Pepperstone
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCAFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• MetaTrader 4
• MetaTrader 5
• Exness App
• Exness Terminal
• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
💰 Withdrawal FeeNoNoNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit1,200 BWP120 BWP1,700 BWP
📊 Leverage1:500Unlimited1:400
📊 SpreadVariable, from 0.0 pipsVariable, from 0.0 pipsVariable, from 0.0 pips
💰 Commissions$1 per side per 100,000 tradedFrom $0.1 per side, per lotFrom AU$7
✴️ Margin Call/Stop-Out100%/30%60%/0%90%/20%
💻 Order ExecutionMarketMarketMarket
💳 No-Deposit BonusYesNoNo
📊 Cent AccountsNoYesNo
📈 Account Types• Pro Account
• Classic Account
• VIP Account
• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
• Standard Account
• Razor Account
⚖️ CBN RegulationNoNoNo
💳 BWP DepositsNoYesNo
📊 Botswana Pula AccountNoNoNo
👥 Customer Service Hours24/524/724/5
📊 Retail Investor Accounts352
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lotsUnlimited100 lots
💰 Minimum Withdrawal Time1 business dayInstant1 business day
📊 Maximum Estimated Withdrawal Time2 to 7 Business DaysUp to 72 hoursUp to 7 business days
💸 Instant Deposits and Instant Withdrawals?Instant DepositsYesNo

Overall Rating

Min Deposit

USD 100



Trading Desk

Meta Trader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Tickmill Trading Platforms

Tickmill Review Trading Fees

👉 Tickmill offers Botswanan Traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5


Desktop Platforms

Tickmill Review Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5


MetaTrader 4

👉 MetaTrader 4 is MetaQuotes Software’s first and most widely used trading platform. MetaTrader 4 is a user-friendly, configurable platform that allows you to trade with ease on your PC or mobile device (including iOS and Android).


👉 Because of its comprehensive level of trading analytical tools, configurable interface, charting capability, and availability to Expert Advisors through the accompanying MetaTrader marketplace, this platform is the preferred choice of many forex traders across the world.


👉 You may benefit from numerous advantages of the MetaTrader 4 trading platform in addition to Tickmill’s sophisticated trading conditions:

➡️ Fast order execution on forex, stock indices, commodities, and bonds, among other CFDs.

➡️ Scalping-friendly Expert Advisor trading capabilities and sophisticated trading signals (run on Tickmill VPS)

➡️ Over 50 indicators and configurable charting are available as part of the fundamental and technical analysis tools.


MetaTrader 5

👉 Tickmill gives you access to the MetaTrader 5 platform, which you may use to trade and invest in a variety of asset types. MT5’s multi-asset broker is perfect for trading equities, bonds, and foreign currency base currencies. Tickmill offers AutoChartist, an innovative trading tool.


👉 Customers may use the AutoChartist tools to evaluate market circumstances in real-time using graphs and charts that properly portray Tickmill trading conditions and occurrences.


WebTrader Platforms

Tickmill Review WebTrader Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5


👉 It is possible to trade the markets right from your web browser using MetaTrader 4 and 5. It is easier to trade using Tickmill’s WebTrader trading platform since it incorporates the MetaTrader system into your browser.


👉 The WebTrader version includes all the same features as the desktop application, but it is more secure thanks to data encryption.


Trading App

Tickmill Review Trading App

➡️ MetaTrader 4

➡️ MetaTrader 5


👉 Tickmill’s MetaTrader 4 and 5 mobile apps are the quickest and fastest method to trade across all the platforms available. You can get live price quotations on all Tickmill’s marketplaces, in addition to using different timeframes and carrying out comprehensive technical analysis.


👉 You can easily use the mobile app to verify positions from trades made on the desktop or online platform, as well as to create and manage new transactions.

Tickmill Range of Markets

Tickmill Review Range of Markets

👉 Botswanan Traders can expect the following range of markets from Tickmill:

➡️ Forex

➡️ Stock Indices

➡️ Energies

➡️ Precious Metals

➡️ Bonds

➡️ Cryptocurrencies


Financial Instruments and Leverage offered by Tickmill

🔨 Instrument💰 Number of Assets Offered📈 Max Leverage Offered
➡️ Forex62• FCA, CySEC: 1:30
• FSA, LFSA, FSCA: 1:500
➡️ Precious Metals4• FCA, CySEC: 1:20
• FSA, LFSA, FSCA: 1:500
➡️ Indices23• FCA, CySEC: 1:20
• FSA, LFSA, FSCA: 1:100
➡️ Stocks98• FCA, CySEC: 1:20
• FSA, LFSA, FSCA: 1:20
➡️ Cryptocurrency8• FCA, CySEC: 1:20
• FSA, LFSA, FSCA: 1:20
➡️ Energies3• FCA, CySEC: 1:20
• FSA, LFSA, FSCA: 1:20
➡️ Bonds4• FCA, CySEC: 1:20
• FSA, LFSA, FSCA: 1:20


Broker Comparison for Range of Markets

🥇 Tickmill🥈 Exness🥉 Pepperstone
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoNoYes
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyYesNoYes
➡️️ OptionsNoNoNo
➡️️ EnergiesYesYesYes
➡️️ BondsYesNoNo

Tickmill Trading and Non-Trading Fees


Tickmill Review Spreads

👉 Depending on one’s trading strategy, the type of spreads one might expect will change. There will also be a role played by the trading account, trading circumstances, and the general market conditions on the day of the trades.


👉 The following are some of the most common spreads that traders see regularly:

➡️ Pro Account – 0.0 pips

➡️ Classic Account – 1.6 pips

➡️ VIP Account – 0.0 pips



Tickmill Review Commissions

👉 Tickmill’s Classic Account, which features marked-up spreads to pay the broker’s cost for making the trade, offers commission-free trading. Tickmill, on the other hand, charges commission fees for the following trading accounts:

➡️ Pro Account – $2 per side, per 100,000 (standard lot) traded

➡️ VIP Account – $1 per side, per 100,000 (standard lot) traded


👉 In addition, even though the Islamic Account does not charge an overnight fee, commissions are still due when holdings are kept overnight. The following is a list of these commissions:

🔨 Financial Instrument🔃 Charge Per lot in USD


Overnight Fees, Rollovers, or Swaps

Tickmill Review Swaps

👉 To keep a position open the next day, a forex trader must pay the overnight interest known as a swap. Traders may, however, receive credit if they maintain open positions in specific circumstances.


👉 Botswanan traders must pay interest on the currency they sold and get interested on the currency they bought to keep a transaction open overnight.


👉 Tickmill’s swap rates are calculated by factoring in the interest rates of the countries involved in a currency pair, as well as the present state of the market.


👉 According to the platform’s time, swap prices are executed at midnight EST. A normal lot of 100,000 base currency units is used to calculate an exchange rate swap for each currency pair.


👉 If a trader leaves a position open overnight, it will receive a new “value date” because of the swaps. Every Wednesday night there will be a threefold swap rate when the exchange’s new value date is changed to Monday.


👉 Tickmill charges the following fees on a nightly basis as a guideline:

➡️ EUR/USD – a long swap of -3.54 pips and a short swap of 0.39 pips

➡️ USD/JPY – a long swap of -1.21 pips and a short swap of -2.62 pips

➡️ GBP/USD – a long swap of -1.89 pips and a short swap of -3.44 pips

➡️ USD/CHF – a long swap of 0.39 pips and a short swap of -3.71 pips

➡️ USD/CAD – a long swap of -2.42 pips and a short swap of -1.84 pips

➡️ AUD/USD – a long swap of -1.96 pips and a short swap of -1.75 pips

➡️ NZD/USD – a long swap of -0.67 pips and a short swap of -1.96 pips


Deposit and Withdrawal Fees

Tickmill Review Other Fees

👉 On any of the offered payment options, Tickmill does not charge a fee for deposit or withdrawal.


Inactivity Fees

👉 Tickmill does not impose inactivity fees if a trading account is inactive.


Currency Conversion Fees

👉 A currency conversion fee will be charged to Botswanan traders whose accounts are funded and funded in BWP at Tickmill.

Tickmill Deposits and Withdrawals

Tickmill Review Deposits And Withdrawals

👉 Tickmill offers the following deposit and withdrawal methods:

➡️ Bank Transfer

➡️ Debit Card

➡️ Credit Card

➡️ Skrill

➡️ Neteller

➡️ Sticpay

➡️ Fasapay

➡️ UnionPay

➡️ Nganluong


➡️ WebMoney


Broker Comparison: Deposit and Withdrawals

🥇 Tickmill🥈 Exness🥉 Pepperstone
Minimum Withdrawal Time1 business dayInstant1 business day
Maximum Estimated Withdrawal Time2 to 7 Business DaysUp to 72 hoursUp to 7 business days
Instant Deposits and Instant Withdrawals?Instant DepositsYesNo


Tickmill Deposit Currencies, Processing Times, and Minimum Deposit/Withdrawal

💳 Payment Method💰 Deposit Currencies🔁 Deposit Processing💳 Withdrawal Processing💰 Min Deposit💵 Min Withdrawal
Bank transferUSD, EUR, GBP1 working day1 working day100 USD, EUR, GBP25 USD, EUR, GBP
Debit CardUSD, EUR, GBPInstant1 working day100 USD, EUR, GBP25 USD, EUR, GBP
Credit CardUSD, EUR, GBPInstant1 working day100 USD, EUR, GBP25 USD, EUR, GBP
SkrillUSD, EUR, GBPInstant1 working day100 USD, EUR, GBP25 USD, EUR, GBP
NetellerUSD, EUR, GBPInstant1 working day100 USD, EUR, GBP25 USD, EUR, GBP
SticpayUSD, EUR, GBPInstant1 working day100 USD, EUR, GBP25 USD, EUR, GBP
FasapayUSD, IDRInstant1 working day100 USD, EUR, GBP25 USD
UnionPayCNYInstant1 working day700 CNY, 100 EUR, USD, GBP25 USD, EUR, GBP
NganluongVNDInstant1 working day2,000,000 VND25 USD
QIWIUSD, RUB, EURInstant1 working day100 USD, EUR, RUB25 USD, EUR, RUB
WebMoneyUSD, EURInstant1 working day100 USD, EUR25 USD, EUR

Overall Rating

Min Deposit

USD 100



Trading Desk

Meta Trader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

How to Deposit Funds with Tickmill

Tickmill Review How To Deposit Funds

👉 To deposit funds to an account with Tickmill, Botswanan Traders can follow these steps:

➡️ Sign into the Client Area from the Tickmill website.

➡️ Select the option for funding and withdrawals and choose “Deposit.”

➡️ Choose a deposit method from the list of available options and indicate the account that must be funded.

➡️ Choose a deposit currency and continue with any additional steps that may be required according to the payment provider that is being used for the deposit.

Tickmill Fund Withdrawal Process

Tickmill Review How To Withdraw Funds

👉 Traders can use the withdrawal request form by logging into their client area on the official website. Traders can submit their request after completing the form and wait for their cash to be released into their bank account.


👉 The Tickmill Finance Department will process all requests received within one working day. Requests received after office hours, on weekends, or holidays will be handled the next working day.


👉 Traders should be aware that they may only utilize the payment method that they used to fund their trading accounts. Additionally, traders with open positions can move cash from their trading accounts.


👉 The trader’s free margin must exceed the amount requested when moving funds from the trading account to the wallet. If traders do not have enough free margin in their account, they will be unable to move funds from their account to their wallet until they submit the right account.

Tickmill Education and Research

Tickmill Review Education And Research


👉 Tickmill offers the following Educational Materials:

➡️ Webinars

➡️ Seminars

➡️ eBooks

➡️ Video Tutorials

➡️ Infographics

➡️ Forex Glossary

➡️ Fundamental Analysis

➡️ Technical Analysis

➡️ Educational Articles

➡️ Market Insights


Research and Trading Tool Comparison

🥇 Tickmill🥈 Exness🥉 Pepperstone
➡️ Economic CalendarYesYesYes
➡️ VPSYes, not freeYesYes
➡️ AutoChartistYesNoYes
➡️ Trading ViewNoYesYes
➡️ Trading CentralNoYesNo
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes


👉 Tickmill also offers Botswanan traders the following additional Research and Trading Tools:

➡️ Access to AutoChartist

➡️ Access to Myfxbook Copy Trading

➡️ Economic Calendar

➡️ Forex Calculators

➡️ Tickmill VPS

➡️ Pelican Trading

➡️ Advanced Trading Toolkit

➡️ Acuity Trading

Tickmill Bonuses and Promotions

Tickmill Review Bonuses and Promotions

👉 Tickmill offers Botswanan Traders the following bonuses and promotions:

➡️ Trader of the Month Contest

➡️ Tickmill’s NFP Machine

➡️ $30 Welcome No-Deposit Bonus Account

➡️ The chance to get paid to trade

How to open an Affiliate Account with Tickmill

Tickmill Review Affiliate Program

👉 To register an Affiliate Account, Botswanan Traders can follow these steps:

➡️ Traders can access the Tickmill website by selecting Seychelles, South Africa, United Kingdom, Malaysia, or Cyprus from the drop-down menu.

➡️ Hover over the “Partnership” option on the webpage and choose “Introducing Broker.”

➡️ Review the details offered on Tickmill’s relationship and select the option to join the affiliate program.

➡️ Fill in the necessary fields on personal information and skills on the application form.

➡️ This completes the registration process for the Tickmill website’s Client Area.

➡️ After that, complete the profile by submitting a confirmation of identification and address.

➡️ Log in to the IB Room to activate your account and have access to Tickmill’s complete content for recruiting and recommending clients.


Tickmill Affiliate Program Features

Tickmill Affiliate Program Features

👉 The following are some of the advantages Tickmill offers its partners:

➡️ When referring a new client, partners may earn $10 for each regular account transaction and $2 for each Pro or VIP account transaction.

➡️ If a partner recommends that their referral join up for a Pro account, the partner can earn an extra 5% commission.

➡️ All partners have access to the IB room, which includes comprehensive fund and account administration features.

➡️ To attract new clients, pre-made advertising and promotional materials are provided.

Tickmill Customer Support

Tickmill Customer Support

👉 With its headquarters in London, the United Kingdom, Tickmill offers broad trading services and client support. From 7 am to 4 pm GMT Monday to Friday, traders can contact Tickmill on any of the available communication channels.


👉 Tickmill also has a help email with a 24-hour response time on business days. A live chat option is also accessible on the official website, with 14 different languages to pick from.


Customer SupportTickmill’s Customer Support
⏰ Operating Hours24/5
🗣 Support LanguagesEnglish, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of Tickmill Support4.2/5

Tickmill Corporate Social Responsibility

👉 Tickmill believes that greater societal impact can be achieved through dedicated efforts toward Corporate Social Responsibility initiatives as well as projects. Tickmill has a diverse CSR portfolio that benefits worldwide communities, as well as individual social welfare and sports potential.

👉 Tickmill’s most significant initiatives include a pledge to the Gajusz Foundation for Terminally Ill Children and donations to Germany’s Bärenherz Children’s Hospice.

Overall Rating

Min Deposit

USD 100



Trading Desk

Meta Trader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

Our Verdict on Tickmill

👉 Tickmill is a good forex broker for traders of all levels of expertise, with a commission-free Classic account and ECN pricing accounts that all offer hedging, scalping, and EAs.


👉 Tickmill’s crew has decades of expertise in a variety of markets, as well as a deep grasp of what makes a transaction successful.


👉 The success of the client is the most crucial consideration. The business has developed a space where you may learn about yourself as an investor or trader by combining technical innovation, ultra-low spreads, quick execution, and great customer care.

Tickmill Pros and Cons

✔️ Pros❌ Cons
Tickmill offers dedicated, prompt customer support 24 hours a day, 5 days a weekThere are only a few asset classes and financial instruments offered
There is a selection of funding and withdrawal options offered by TickmillThere are no fixed spreads offered by Tickmill
Tickmill offers a no-deposit bonus to new tradersThere are currency conversion fees when Botswanan traders deposit or withdraw in BWP
There are low spread costs and high leverage ratios offeredAdditional commissions are applied to the Islamic account when positions are held for longer than three days
Tickmill is well-regulated and has a good reputation
There are several tools provided to advanced traders including AutoChartist, FIX API, and more
MetaTrader 4 and MetaTrader 5 are both offered by Tickmill
There is a commission-free trading account offered to Botswanan traders


Is Tickmill regulated?

Yes, Tickmill is regulated in Cyprus by CySEC (278/15), the United Kingdom by FCA (733772), South Africa by FSCA (FSP 49464), Seychelles by FSA (SD008), and Malaysia by LFSA (MB/18/0028).


What is the withdrawal time with Tickmill?

Tickmill’s withdrawal time ranges from a business day on most payment methods up to seven days on bank wire transfers.


What type of broker is Tickmill?

Tickmill is a global forex and CFD broker that works according to a No-Dealing Desk model, which means that traders opened by traders are sent to liquidity providers where they are filled, with traders expecting the best possible pricing.


Is Tickmill safe or a scam?

Tickmill is a safe broker with a high trust score, high rating, and overall good reputation in the forex and CFD industry.


Does Tickmill have Nasdaq?

Yes, Tickmill offers Nasdaq.


Does Tickmill have Volatility 75?

No, Tickmill does not currently offer Volatility 75 to traders.


What is the Pro Account with Tickmill?

It is a trading account geared toward high volume traders who need the tightest spreads and competitive trading conditions, allowing them to use fast-paced trading strategies to cash in on profitable trading opportunities in the financial markets.


Is Tickmill Swap-Free?

Yes, Tickmill is swap-free as it allows the conversion of a live account into an Islamic Account free of charge, exempting Muslim traders from overnight fees and other forms of interest prohibited by Sharia law.


How do I withdraw my Tickmill bonus profits?

The Welcome Account earnings will be credited to the amount of the wallet that is held by Tickmill Ltd (FSA SC Regulated) and can be withdrawn instantly using any of the various withdrawal methods indicated in the Client Area.


👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Tickmill?

➡️ What was the determining factor in your decision to engage with Tickmill?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Tickmill such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?


👉 Regardless, please share your thoughts in the comments below.


👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)

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