Tickmill Review: FSCA-Regulated Broker for South Africa

FSP 49464 checked against the FSCA register

Tickmill Review: What South African Traders Should Know

Tickmill is a London-headquartered, multi-regulated broker founded by traders. This page covers what we’ve verified directly, including its South African FSCA licence, and is honest about the details we’re still confirming for the deeper account-level review.

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Founded 2014 HQ London, UK MT4 & MT5

South African Regulation

FSCA-authorised, FSP 49464 (registered entity name pending our own confirmation)

Other Regulators

Licences reported across the UK, Cyprus, Seychelles and Labuan (Malaysia)

Platforms

MetaTrader 4, MetaTrader 5, Tickmill Trader

Account Types

Classic and Raw, plus Tickmill Social Trading for copy trading

Cost Structure

Reported to range from spread-only to near-zero spread plus commission

ZAR & Local Payments

Local bank support reported by region; confirm specifics at sign-up

Regulation

Is Tickmill Actually Regulated for South Africans?

We don’t take “FSCA regulated” at face value from any broker’s marketing. Here’s what we checked for Tickmill specifically, and how you can check it yourself in a couple of minutes.

Situation 1: FSCA-Authorised South African Entity

Tickmill’s South African operations are authorised by the Financial Sector Conduct Authority under FSP number 49464. That means there’s a South African-authorised entity behind Tickmill’s local operations, rather than South African clients only being serviced through an offshore arrangement with no local licence. We haven’t yet independently pinned down the exact registered company name behind this FSP number, which is a detail we’re completing for the full account-level review.

We’d encourage you to check this yourself rather than take our word for it: search FSP number 49464 on the FSCA’s public register at fsca.co.za. The register listing will show you the exact registered entity name and confirm the licence is active, both worth seeing for yourself before you fund an account.

Other Group Licences

Tickmill’s group is reported to hold licences across several other jurisdictions, including the UK (FCA), Cyprus (CySEC), Seychelles (FSA) and Labuan, Malaysia. These cover Tickmill’s other regional entities, not necessarily the South African one, which is exactly why a group-wide licence count doesn’t tell you what you need to know about the entity you’d actually be contracting with in South Africa specifically.

What We’re Still Confirming

The exact registered name of the South African entity, account types, current trading conditions and any South Africa-specific restrictions are all part of our deeper, account-level review, which we’re completing separately. The FSP number above is confirmed; the entity name and day-to-day trading conditions are what we’re still working through.

Platforms

What You’ll Actually Trade On

Tickmill supports both MetaTrader platforms, plus its own proprietary Tickmill Trader platform on app and web.

MetaTrader 4

The older and still widely used of the two MetaTrader platforms. Known for stability, a large library of custom indicators and expert advisors, and broad familiarity among traders who’ve used it for years across other brokers.

MetaTrader 5

The newer MetaTrader platform, with more built-in timeframes, order types and a broader range of tradable asset classes in one terminal. Worth choosing if you’re starting fresh rather than migrating an existing MT4 setup.

Tickmill Trader

Tickmill’s own proprietary platform, available on app and web, for monitoring positions, managing funding, and trading on the move alongside whichever MetaTrader platform you use.

Account Types

How Tickmill Structures Its Accounts

Tickmill’s core lineup centres on a Classic account and a Raw account, alongside Tickmill Social Trading for following other traders.

Classic

Positioned as the straightforward, spread-based account, with cost built into the spread rather than charged separately.

Raw

An ECN-style account reported to offer near-zero spreads, paired with a separate commission per trade rather than a spread markup.

Tickmill Social Trading

Tickmill’s copy trading offering, for following other traders’ strategies rather than placing every trade yourself.

We’re deliberately not publishing exact spread figures, commission rates or minimum deposit amounts here. Those numbers move, they vary by instrument and account, and a broker page repeating stale figures is worse than one that sends you to check current terms directly with Tickmill before you fund an account.

South African Fit

Funding Your Account From South Africa

Tickmill’s own app description mentions deposit and withdrawal support through its account-management app, though we haven’t independently confirmed exactly what applies to South African clients specifically.

Deposits & Withdrawals

Tickmill’s mobile app is positioned around account management, deposits, withdrawals and support, with payment options generally varying by region. We haven’t independently confirmed the specific South African payment methods or processing times, so we’d rather point you to check this directly during sign-up than guess.

Exchange Control

Trading through a broker based outside South Africa involves moving funds offshore, which falls under South African exchange control rules. This isn’t personal financial or tax advice. If you’re unsure how these rules apply to your situation, a licensed advisor can walk you through it properly.

Weighing It Up

Where Tickmill Holds Up, and Where to Look Closer

Based on what we’ve verified so far. This isn’t a numeric score, and it will get more specific once our full account-level review is published.

Working In Its Favour

A confirmed South African FSCA licence (FSP 49464), not just an offshore arrangement.
Long operating history, trading since 2014.
A broad regulatory footprint across several other jurisdictions, including the UK, Cyprus and Seychelles.
Both MetaTrader 4 and MetaTrader 5 supported, plus its own Tickmill Trader platform.
A copy trading option through Tickmill Social Trading.

Worth Confirming Yourself

The exact registered name of the South African entity behind FSP 49464, which we haven’t independently pinned down yet.
Exact current spreads, commissions and leverage caps per account, which change over time.
Which specific local payment methods and processing times apply to South African clients right now.

Questions

Tickmill Review: Frequently Asked Questions

Is Tickmill regulated in South Africa?

Yes. Tickmill’s South African operations are authorised by the FSCA under FSP number 49464. We recommend searching that FSP number directly on the FSCA’s public register at fsca.co.za before you fund an account, since the register will show you the exact registered entity name and confirm the licence is current.

Is Tickmill a scam?

Nothing we found points to that. Tickmill has run since 2014, is headquartered in London, and holds licences across multiple jurisdictions including the UK, Cyprus, Seychelles, Malaysia (Labuan) and South Africa. Regulation reduces risk and gives you somewhere to complain if something goes wrong, but it isn’t a guarantee against losses, and forex and CFD trading itself carries real risk regardless of which broker you use.

What trading platforms does Tickmill offer?

MetaTrader 4, MetaTrader 5, and its own Tickmill Trader platform on app and web, for account management, monitoring and trading on the move.

What account types does Tickmill offer?

Tickmill’s core accounts include a Classic account, which is spread-based with no separate commission, and a Raw account, which pairs near-zero spreads with a separate commission per trade. It also offers Tickmill Social Trading for copying other traders. Exact spreads, commissions and minimum deposits attached to each account change over time, so we’d rather send you to check Tickmill’s own current terms than publish numbers that may be out of date.

Is Exness or Tickmill better for South African traders?

Exness is the broker Broker Verdict currently recommends first, based on its long operating history and the strength of its overall review. Both Exness and Tickmill have a confirmed South African FSP licence in our research: Exness ZA (Pty) Ltd holds FSP 51024, and Tickmill’s South African entity holds FSP 49464. We’re publishing a dedicated comparison as we complete both full reviews.

Still Deciding? See Our Recommended Broker

Of the brokers we’ve reviewed so far, Exness is the one our team recommends first, on the strength of its confirmed FSCA-authorised entity, platform range and long operating history.

Start trading with Exness

Forex and CFD trading carries significant risk, and leverage can amplify losses as well as gains. Broker Verdict may receive compensation when you sign up through this link. This does not change how we evaluate brokers. See our affiliate disclosure and full risk disclaimer.

Written by the Broker Verdict Team. The South African FSP number was supplied by Tickmill’s affiliate programme; the exact registered entity name behind it is still being confirmed independently. Trading conditions (spreads, leverage, minimum deposits) change and are not republished here as fixed figures. Read our full review methodology. Page last reviewed: August 2026.