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Tickmill Overview for Mongolia
Tickmill was founded in 2014 and is headquartered in Seychelles, with group entities regulated in the UK, Cyprus, South Africa, and Seychelles. The broker has grown to serve over 150,000 clients globally, including a growing number of retail forex traders in Mongolia. For Mongolia traders, Tickmill offers a compelling combination of low trading costs, high leverage up to 1:500, and a low $100 minimum deposit. The broker is particularly relevant for Mongolia traders because it accepts deposits via USDT (Tether), which is widely used in the country for crypto transactions, alongside traditional methods like Skrill and Bank Transfer. Tickmill provides access to over 80 instruments including forex pairs, indices, commodities, and bonds. Its reputation for transparent pricing and fast execution makes it a popular choice among active traders in Mongolia looking for a reliable international broker.
| Detail | Information |
|---|
| Founded | 2014 |
| Headquarters | Seychelles |
| Regulated by | FCA,CySEC,FSCA,FSA,LFSA |
| Min Deposit | $100 |
| Max Leverage | 1000 |
| Platforms | MT4, MT5 |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is Tickmill Safe for Mongolia?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Mongolia traders
Always verify Tickmill's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.10 pips | $2.00 | $2.10 | 1.60 pips |
| XAU/USD | 0.18 pips | $2.00 | $2.18 | 0.25 pips |
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Account Types for Mongolia Traders
Standard Account
No Commission
Min Deposit$100
EUR/USD Spreadfrom 1.60 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$100
EUR/USD Spreadfrom 0.10 pips
Commission$2.00
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Mongolia Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Mongolia deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Mongolia Muslim Traders
Tickmill offers a genuine swap-free Islamic account for Mongolia Muslim traders who wish to trade in accordance with Sharia law. The account does not incur or pay overnight interest (swap) on any positions held beyond the daily rollover. This applies to all forex pairs, commodities, and indices. To activate the Islamic account, Mongolia traders must submit a request to customer support after registration. There are no hidden fees or time limits, but the broker reserves the right to revert to a standard account if abuse is detected (e.g., holding positions for very long periods). This is a fair policy. The Islamic account is available on both Classic and Pro account types, making it accessible for all levels of traders in Mongolia.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Mongolia
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.10 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.18 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Mongolia traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Mongolia traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Mongolia traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Mongolia Review
Support verdict for Mongolia
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Mongolia Traders Make with Tickmill
- Mistake: Assuming Tickmill is regulated in Mongolia — it is not. Always verify the broker’s licenses (FCA, CySEC) and understand that local legal recourse is limited.
- Mistake: Ignoring the commission on the Pro account. While spreads are low, the $2 per side per lot commission adds up for high-frequency traders. Calculate total cost before choosing an account.
- Mistake: Using Bank Transfer for deposits without checking your bank’s fees. Mongolia banks may charge significant conversion and transfer fees, making Skrill or USDT more cost-effective.
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Tickmill vs Competitors in Mongolia
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| Tickmill (current) | $100 | 0.10 pips | Yes | No | 3.3 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — Tickmill
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Mongolia traders
Tickmill segregates all client funds and is regulated by top-tier authorities.
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Tickmill User Reviews & Ratings
CompareBroker Expert Rating
3.3
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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Tickmill Latest News & Updates 2026
Tickmill expands TradingView integration
Tickmill has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Tickmill maintains top-tier regulatory status
Tickmill continues to hold its regulatory licenses, ensuring client fund protection for Mongolia traders.
New instruments added for Mongolia traders
Tickmill has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Tickmill Worth It for Mongolia Traders?
3.3/5
★★★★★
Tickmill is a reliable and cost-effective broker for Mongolia traders, particularly those who prioritize low spreads, strong regulation, and flexible deposit methods like USDT. The broker’s FCA and CySEC licenses provide a high level of trust, and the $100 minimum deposit is beginner-friendly. The Pro account with spreads from 0.0 pips is excellent for active traders. However, the lack of local regulation, absence of copy trading, and English-only support may be drawbacks for some. Overall, Tickmill is recommended for Mongolia retail forex traders who are comfortable trading with an international broker and want competitive pricing. It is best for scalpers, day traders, and anyone looking for a transparent, low-cost trading environment.
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FAQ — Tickmill for Mongolia Traders
Is Tickmill safe for Mongolia traders?+
How can I deposit money in Tickmill from Mongolia?+
Does Tickmill have Islamic account?+
What is the minimum deposit for Tickmill in Mongolia?+
What trading platforms does Tickmill offer?+
Is Tickmill regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
