Tickmill Review for Indian Users

Is Tickmill available for Indian users?

Tickmill is an FCA and CySEC-regulated CFD broker that accepts clients from India. It offers tight spreads from 0.0 pips on Pro accounts with fast execution speeds. However, Tickmill does not support UPI or INR-specific deposit methods. Indian users must fund accounts via bank wire, e-wallets, or cryptocurrency with a $100 minimum deposit.

Quick Verdict

Tickmill is a strong choice for Indian traders who prioritize tight spreads across gold, oil, indices and commodities and top-tier regulation. With FCA and CySEC licenses, spreads from 0.0 pips on the Pro account, and fast execution, it delivers professional-grade trading conditions. However, the absence of UPI deposit support and INR account currency options are notable drawbacks for Indian users.

8.3/ 10 Rankly Score

Key Facts

Founded

2014

Headquarters

London, UK

Min Deposit

$100

Max Leverage

1:500

Rankly Score Breakdown

Fees & Spreads
9
Platforms & Tools
8
Account Types
8.2
Deposits & Withdrawals
7.8
Education & Research
7.5
Customer Support
7.8
Regulation & Trust
8.5
India Accessibility
7

Account Types

AccountMin DepositSpreadsCommissionLeverageMin Lot
Classic$100From 1.6 pips$01:5000.01
Pro$100From 0.0 pips$2.00/lot per side1:5000.01
VIP$50,000From 0.0 pips$1.00/lot per side1:5000.01

Trading Platforms

MT4

  • 30+ indicators
  • Expert Advisors
  • One-click trading
  • VPS support
  • Automated trading
  • Custom indicators

MT5

  • 38 indicators
  • 21 timeframes
  • Depth of Market (DOM)
  • Economic calendar
  • MQL5 community
  • Hedging allowed

Tickmill WebTrader

  • No download required
  • Browser-based
  • Basic charting tools
  • Account management
  • Real-time quotes

Markets & Instruments

Gold & Commodities CFDsStock Indices CFDsBond CFDsCrypto CFDsOil CFDsStock CFDs (limited)

Tickmill focuses primarily on gold, commodities and indices. Stock CFD and crypto CFD selections are more limited compared to IC Markets. The broker is best suited for cost-focused multi-asset traders who prioritize tight spreads and fast execution.

Fees & Spreads

Rating: Excellent on Pro account; below average on Classic

The Pro account offers spreads from 0.0 pips with $2.00 commission per lot per side — among the most competitive in the industry. The Classic account has spreads from 1.6 pips with no commission, which is wider than most competitors. VIP account provides even lower commissions for high-volume traders. No inactivity fee.

SpreadsDetails
EUR/USD Spread (Pro)From 0.0 pips + $2.00/lot commission
EUR/USD Spread (Classic)From 1.6 pips (no commission)
Commission (Pro)$2.00 per lot per side
Commission (VIP)$1.00 per lot per side
Inactivity Fee$0
Deposit Fee$0
Withdrawal Fee$0 for most methods

Deposit Methods

MethodProcessingMin AmountFee
Bank Wire Transfer2-5 business days$100$0
Credit/Debit CardInstant$100$0
NetellerInstant$100$0
SkrillInstant$100$0
Crypto (USDT, BTC)1-2 hours$100$0

Withdrawal Methods

MethodProcessingMin AmountFee
Bank Wire Transfer1-3 business days$25$0
Credit/Debit Card3-5 business days$25$0
Neteller24 hours$25$0
Skrill24 hours$25$0
Crypto (USDT, BTC)24 hours$25$0

India Availability & Payments

Availability

Indian users can open accounts with Tickmill, but the broker does not support UPI or INR-specific deposit methods. Indian traders must use international bank transfers, credit cards, e-wallets, or cryptocurrency. The $100 minimum deposit is reasonable but the lack of INR deposit options is a limitation.

Payment Methods

No UPI or INR deposit support. Indian users must use international bank wire transfers (intermediary bank fees may apply), credit/debit cards, or e-wallets like Neteller and Skrill. Currency conversion charges apply when converting from INR.

Risk & Regulation Notes

FCA (UK)CySEC (Cyprus)FSA (Seychelles)FSCA (South Africa)

Tickmill holds a license from the UK's FCA, which is one of the world's most respected financial regulators. CySEC and FSCA add further regulatory coverage. This multi-jurisdictional regulation provides more trust than brokers with only offshore licenses. However, Tickmill is not regulated by SEBI or RBI in India.

Pros & Cons

Pros

  • FCA regulated — top-tier regulatory oversight
  • Tight spreads from 0.0 pips on Pro account
  • Low commission at $2.00/lot per side (Pro)
  • Fast execution speeds for scalping
  • No inactivity fee
  • Strong regulatory reputation across multiple jurisdictions

Cons

  • No UPI or INR-specific deposit methods
  • Classic account spreads from 1.6 pips are wider than competitors
  • No cTrader platform support
  • Limited stock CFD and crypto CFD selection
  • Higher minimum deposit ($100) than XM ($5)

Best Alternatives for Indian Users

Frequently Asked Questions

Is Tickmill available for Indian users?
Yes, Tickmill accepts clients from India. However, it does not support UPI or INR deposits. Indian users must fund accounts via bank wire, credit/debit cards, e-wallets, or cryptocurrency. The minimum deposit is $100.
Does Tickmill accept UPI?
No, Tickmill does not accept UPI payments. Indian traders must use bank wire transfers, credit cards, Neteller, Skrill, or cryptocurrency to deposit funds. This is a key limitation for Indian users.
Is Tickmill FCA regulated?
Yes, Tickmill is regulated by the UK's Financial Conduct Authority (FCA), which is one of the world's most respected financial regulators. It also holds licenses from CySEC (Cyprus), FSA (Seychelles), and FSCA (South Africa). However, Tickmill is not regulated by SEBI or RBI in India.
Is Tickmill better than IC Markets?
Tickmill offers FCA regulation and slightly lower commissions on Pro accounts ($2.00/lot vs $3.00–$3.50/lot). IC Markets offers cTrader, a larger instrument selection (2,250+ vs 180+), and UPI deposit support. For Indian users, IC Markets' UPI support is a significant convenience advantage. For traders who prioritize top-tier regulation, Tickmill's FCA license is a strong selling point.
What is Tickmill's minimum deposit?
The minimum deposit is $100 for both Classic and Pro accounts. The VIP account requires $50,000. This is competitive with most brokers though higher than XM's $5 minimum.
Does Tickmill charge inactivity fees?
No, Tickmill does not charge inactivity fees. This is a positive feature compared to competitors like XM, which charges $15/month after 90 days of inactivity.
Can Indian users trade forex on Tickmill?
Yes, Tickmill specializes in forex trading with 60+ currency pairs and spreads from 0.0 pips on the Pro account. Execution speeds are fast, making it suitable for scalping strategies. However, Indian users should review FEMA compliance and offshore broker risks before trading forex CFDs.

Important Risk Notice

Rankly provides independent educational content and platform comparisons. CFD, crypto and leveraged products are high-risk and may not be suitable for all users. Indian residents should carefully review applicable RBI, SEBI, FEMA, tax and local regulatory requirements before using any trading or crypto platform. Tickmill is not regulated by SEBI or RBI. Rankly does not provide investment advice. Trading leveraged products can result in losses exceeding your initial deposit.

Affiliate Disclosure: Rankly may receive compensation when users click links to partner brokers. This does not affect our review scores or rankings — all evaluations are based on our independent methodology.