Tickmill review

Tickmill UK Ltd holds an FCA authorisation naming retail clients, and its permitted investment types include commodity futures and options rather than only rolling FX. The group's former UK entry for the Cyprus company reads no longer authorised, which is the post-Brexit split rather than an enforcement event.

Last verified 21 August 2026 · how we check

Three register lookups, and the interesting line is not the licence number but what the licence is allowed to cover.

What the registers return

Companies House number 09592225.

Retail is on the licence, and so are futures

The customer type on the UK permissions reads:

Retail (Investment), Professional, Eligible Counterparty

Retail is named, on dealing as principal and on making arrangements. That is the check we run on every firm now, and it is the one that separated Pepperstone, where retail appears, from Exness (UK) Ltd, where it does not appear on any permission at all.

The second line is less common. The investment types on those permissions include commodity futures, commodity options and options on commodity futures, and futures generally, alongside the contracts for difference you would expect from a retail FX firm.

Most retail CFD brokers hold permissions covering rolling spot forex and CFDs and stop there. A permission set reaching into exchange-traded futures describes a wider business than the marketing usually implies, and it is worth knowing which of those a given account actually gives you. The difference between a CFD on an index and an exchange-listed future is the difference we set out in commodities broker: one is an agreement with the firm, the other is a contract cleared by a clearing house.

<text x="394" y="84">rolling spot forex, CFDs</text>
<text x="394" y="106">commodity futures</text>
<text x="394" y="130">commodity options, options on futures</text>

The “no longer authorised” line, and what it is not

Tickmill Europe Limited shows No longer authorised on the FCA register while holding a current CySEC licence, 278/15. That combination is the standard post-Brexit outcome: a Cyprus firm passporting into the UK lost the passport, kept its home licence, and the UK record closed.

We spell this out because a register status reading “no longer authorised” looks alarming out of context, and in this shape it is administrative. The alarming version is a warning list entry naming a live domain, which is what we found at IC Markets.

What each licence gets you

FSCS stands behind the UK entity for eligible claimants; the Cyprus ICF stands behind the CySEC entity. Retail leverage under both is capped at 30:1 on major FX, with lower caps by asset class, per leverage limits by regulator.

Nothing in Australia, so an Australian client is being served by neither of these two.

What to check before funding

Which entity your client agreement names. UK and Cyprus carry different compensation schemes, and the group runs entities beyond these two.

Whether the product is a CFD or an exchange-traded contract, because the permission set covers both and the protections differ.

The all-in cost on your account tier, spread plus commission. Register entries say nothing about price, and account tiers differ more than brokers do.

What we checked, and what we didn’t

We read the FCA register entries for FRN 717270 and FRN 733772 including customer types and investment types, and the CySEC and ASIC registers we hold locally, on 21 August 2026.

We have not opened an account, deposited money, or tested spreads, execution or withdrawals. caution is our default where we have not been a client; the registers raised nothing against this firm.

Sources

• FCA — Financial Services Register, FRN 717270
• CySEC — register of Cypriot investment firms
• ASIC Financial Services Licensee Register