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.
Key Facts
Founded
2014
Headquarters
London, UK
Min Deposit
$100
Max Leverage
1:500
Rankly Score Breakdown
Account Types
| Account | Min Deposit | Spreads | Commission | Leverage | Min Lot |
|---|---|---|---|---|---|
| Classic | $100 | From 1.6 pips | $0 | 1:500 | 0.01 |
| Pro | $100 | From 0.0 pips | $2.00/lot per side | 1:500 | 0.01 |
| VIP | $50,000 | From 0.0 pips | $1.00/lot per side | 1:500 | 0.01 |
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
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.
| Spreads | Details |
|---|---|
| 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
| Method | Processing | Min Amount | Fee |
|---|---|---|---|
| Bank Wire Transfer | 2-5 business days | $100 | $0 |
| Credit/Debit Card | Instant | $100 | $0 |
| Neteller | Instant | $100 | $0 |
| Skrill | Instant | $100 | $0 |
| Crypto (USDT, BTC) | 1-2 hours | $100 | $0 |
Withdrawal Methods
| Method | Processing | Min Amount | Fee |
|---|---|---|---|
| Bank Wire Transfer | 1-3 business days | $25 | $0 |
| Credit/Debit Card | 3-5 business days | $25 | $0 |
| Neteller | 24 hours | $25 | $0 |
| Skrill | 24 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
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?
Does Tickmill accept UPI?
Is Tickmill FCA regulated?
Is Tickmill better than IC Markets?
What is Tickmill's minimum deposit?
Does Tickmill charge inactivity fees?
Can Indian users trade forex on Tickmill?
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.