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Tickmill Overview for Singapore
Tickmill was founded in 2014 and is headquartered in Seychelles, with a global presence serving over 500,000 clients. For Singapore traders, Tickmill stands out due to its low-cost trading environment, offering tight spreads from 0.0 pips on ECN accounts and competitive commissions. The broker supports both MetaTrader 4 and MetaTrader 5, which are popular among sophisticated local traders who demand advanced charting and automated trading. Despite not being regulated by the Monetary Authority of Singapore (MAS), Tickmill has built a reputation for transparency and fast execution, making it a viable option for experienced SG investors. The broker also accepts local payment methods like PayNow and bank transfers, simplifying deposits and withdrawals. However, its limited product range (no crypto or stock CFDs) may deter some traders. Overall, Tickmill is a solid choice for cost-conscious forex and index traders in Singapore who prioritize low spreads and reliable execution over local regulation.
| 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 Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore 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 Singapore 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 — Singapore 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)
Singapore 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 — Singapore Muslim Traders
Tickmill offers a genuine swap-free Islamic account for Muslim traders in Singapore who wish to trade without earning or paying interest (Riba). This account is available on all account types (Classic, Pro, VIP) and is free of hidden fees. However, positions held beyond a certain period (typically 3-5 days) may incur an administrative fee, so it's important to check the terms. To apply, Singapore traders simply need to contact Tickmill support after registration and request the swap-free option. The account is available for forex and commodities but not for all instruments (e.g., indices may not be swap-free). This makes Tickmill a good option for SG Muslim traders looking for a compliant trading environment.
| 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 Singapore
| 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 Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore 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 — Singapore Review
Support verdict for Singapore
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 Singapore Traders Make with Tickmill
- Mistake: Assuming Tickmill is regulated by MAS – always verify the entity and understand that MAS does not oversee this broker.
- Mistake: Using credit cards for large deposits – PayNow is faster and fee-free for Singapore traders.
- Mistake: Neglecting to check swap-free account terms – Islamic accounts may have administrative fees after several days.
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Tickmill vs Competitors in Singapore
| 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 Singapore 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 Singapore traders.
New instruments added for Singapore traders
Tickmill has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Tickmill Worth It for Singapore Traders?
3.3/5
★★★★★
Tickmill is a reliable broker for sophisticated Singapore traders who prioritize low trading costs and fast execution. Its tight spreads, support for MT4/MT5, and local payment method (PayNow) make it a practical choice for active forex and index traders. However, the lack of MAS regulation is a significant drawback, as SG traders will not have access to the Financial Industry Disputes Resolution Centre (FIDReC) for dispute resolution. Additionally, the limited product range and absence of advanced platforms like TradingView may deter some. Overall, Tickmill is best suited for experienced traders in Singapore who are comfortable with offshore regulation and want to minimize trading costs. Beginners or those seeking strong local oversight should consider MAS-regulated alternatives.
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FAQ — Tickmill for Singapore Traders
Is Tickmill safe for Singapore traders?+
How can I deposit money in Tickmill from Singapore?+
Does Tickmill have Islamic account?+
What is the minimum deposit for Tickmill in Singapore?+
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.
