- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Tickmill review 2026: is Tickmill legit in Kenya and South Africa?
Tickmill South Africa holds FSP 49464, but Tickmill Ltd's ODP status shows “Withdrawn”, so the local company likely acts as an intermediary. Accounts start at $100 with low commissions on Pro. It is not licensed in Kenya.
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 49464
- Minimum deposit$100
- M-PesaNot confirmed
Is Tickmill regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Tickmill South Africa (Pty) Ltd
- Licence number
- FSP 49464
Tickmill Ltd shows "Withdrawn" on the FSCA list of OTC derivative providers, checked 25 Oct 2026. The FSP may act as an intermediary; check which company issues your CFDs.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Tickmill
Tickmill is regulated by the FCA in the UK and CySEC in the EU, with its main global company in Seychelles. It launched under the FSCA in September 2020. On the FSCA list of OTC derivative providers, Tickmill Ltd shows “Withdrawn” (checked 25 Oct 2026).
Who Tickmill suits, and who should look elsewhere
Good fit if you
- want low commissions on forex
- use MetaTrader 4 or 5
Look elsewhere if you
- are in Kenya
- want local ZAR deposits
Tickmill account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Classic | $100 | From 1.6 pips, no commission |
| Pro | $100 | From 0.0 pips plus $4 per lot |
| VIP | $50,000 balance | From 0.0 pips plus $2 per lot |
Tickmill fees: spreads, commission and other charges
| Minimum withdrawal | $25 |
| Wire deposits over $5,000 | Fees covered up to $100 |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Tickmill deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Tickmill is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- Tickmill South Africa (Pty) Ltd, FSP 49464.
- Tickmill Ltd shows “Withdrawn” on the FSCA ODP list.
- No local deposits or withdrawals listed.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Tickmill trading platforms
- MetaTrader 4
- MetaTrader 5
- CQG ($25/month)
Is your money safe with Tickmill?
- FCA and CySEC for European companies; FSCA in South Africa.
- Seychelles company offers less protection.
Tickmill pros and cons
Pros
- Low Pro commissions
- FSCA-authorised local company
Cons
- ODP withdrawn
- Not licensed in Kenya
- No local ZAR funding listed
Our real-money test of Tickmill
Coming
We will open a Tickmill account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Tickmill withdrawal time: reports from traders
How long do Tickmill withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Tickmill? Get a ready complaint letter and the right regulator contact with our complaint desk →
Tickmill: questions people ask
Is Tickmill regulated in Kenya?
No. Tickmill is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Tickmill regulated by the FSCA in South Africa?
Yes. In South Africa, Tickmill operates through Tickmill South Africa (Pty) Ltd, which holds FSCA licence FSP 49464. Check that this company is named on your client agreement, not an offshore company of the same brand. Tickmill Ltd shows "Withdrawn" on the FSCA list of OTC derivative providers, checked 25 Oct 2026. The FSP may act as an intermediary; check which company issues your CFDs.
Is Tickmill regulated in South Africa?
Tickmill South Africa (Pty) Ltd holds FSP 49464; Tickmill Ltd's ODP status shows withdrawn.
What is the Tickmill minimum deposit?
$100.
Sources for this review (checked 25 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.