Tickmill in South Africa: an independent review
This page breaks down Tickmill for traders in South Africa: an FSCA-authorised entity (FSP 49464) alongside the broker's FCA and CySEC licences, 600+ CFDs on MT4/MT5/TradingView, and what actually changes for a South African account versus a European one.
Open Account →Tickmill is a multi-asset forex and CFD broker founded in 2014, offering 600+ instruments on MetaTrader 4, MetaTrader 5, TradingView and a mobile app, with a $100 minimum deposit and raw spreads from 0.0 pips.
The Tickmill terms worth reading twice
- Locally authorised via the FSCA (FSP 49464), in addition to the FCA and CySEC licences the group holds elsewhere
- Raw account spreads from 0.0 pips with a $3 per-lot-per-side commission; Classic runs commission-free from 1.6 pips
- STP/ECN execution with no dealing desk across MT4, MT5, TradingView and a dedicated mobile app
- $100 minimum deposit to start, with no deposit or withdrawal fee charged by Tickmill itself
Tickmill accounts at a glance
| Account | Platform | Spread from | Commission | Best for |
|---|---|---|---|---|
| Classic Account | MT4 / MT5 | 1.6 pips | $0 (no commission) | Newer South African traders who want one all-in spread and no separate commission line |
| Raw Account | MT4 / MT5 | 0.0 pips | $3 per lot per side | Active and scalping traders chasing the tightest raw spreads on major pairs |
| Islamic (Swap-Free) | MT4 / MT5 | From 0.0 pips (as Raw) or 1.6 pips (as Classic) | As per the base account chosen | Traders who need a swap-free structure for religious reasons, on either base account |
The verdict on Tickmill in South Africa
Tickmill has been trading since 2014 and holds licences across several jurisdictions, including local authorisation from South Africa's FSCA (FSP 49464). Execution is STP/ECN with no dealing desk: the Raw account runs spreads from 0.0 pips plus a $3-per-lot commission, while Classic keeps spreads from 1.6 pips with no commission at all. A $100 minimum deposit and support for MT4, MT5, TradingView and a mobile app make either account workable for a South African trader starting out — but CFDs are leveraged products, and most retail accounts lose money on them. Independent feedback is worth reading before signing up, e.g. on Trustpilot.
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