Tickmill is a globally recognized forex and CFD broker known for its raw spread accounts, lightning-fast execution, and cost-efficient trading conditions. With over a decade in the market and licenses from tier-1 and tier-2 regulators, Tickmill has become a go-to choice for experienced Nigerian traders who demand tight spreads, high-speed execution, and access to advanced tools.
Tickmill stands out with its Pro and Raw accounts, where spreads start from 0.0 pips, and commission structures remain competitive even for high-volume traders. It supports MetaTrader 4 (MT4) and WebTrader, giving Nigerian users access to the same trading environments trusted by global professionals.
Why Nigerian Traders Choose Tickmill
Unlike many entry-level brokers, Tickmill is built to accommodate serious traders who are confident in their strategy and require the conditions to match — including direct market access, low slippage, and transparent pricing.
For Nigerian users, Tickmill is especially appealing due to its:
- Local bank transfer support for easier NGN deposits
- Active Trader Rebate Program, which rewards high-volume clients
- Commission-based Raw accounts for scalping and algorithmic trading
- Strong regulation from the FCA, CySEC, FSCA, and FSA
Key Features for Nigerian Traders
- Raw Spreads from 0.0 Pips – Available on the Raw Account (with commission)
- Fast Order Execution – Average execution speed of under 0.2 seconds
- MT4 and WebTrader Support – Trade from desktop, browser, or mobile
- Local Deposit Methods – NGN transfers via partnered payment processors
- Scalping and Hedging Allowed – Tickmill supports all trading styles
- Active Trader Rebate Program – Earn up to $0.75 per standard lot traded
- Islamic (Swap-Free) Accounts Available – Upon request
Account Types at Tickmill
Tickmill offers three main account types for Nigerian traders, each designed for different trading goals:
| Account Type | Min Deposit | Spread | Commission | Best For |
|---|---|---|---|---|
| Classic | $100 | From 1.6 pips | None | Beginners and casual traders |
| Pro | $100 | From 0.0 pips | $2 per side ($4 RT) | Experienced traders, scalpers |
| VIP | $50,000 | From 0.0 pips | $1 per side ($2 RT) | Institutional and high-volume traders |
RT = Round Turn. All account types include negative balance protection, segregated client funds, and access to the full range of trading instruments.
Trading Platforms and Tools
Tickmill supports two major platforms:
MetaTrader 4 (MT4):
- Known for speed and reliability
- Supports custom indicators, Expert Advisors (EAs), and backtesting
- Mobile and desktop versions available
WebTrader:
- Browser-based access to MT4
- No installation required
- Optimized for convenience and accessibility
In addition, traders get access to:
- Autochartist – Pattern recognition and automated trading signals
- VPS hosting – Available for algorithmic traders seeking ultra-low latency
- Economic calendar, daily analysis, and market news
Instruments Offered by Tickmill
Nigerian traders can diversify their strategies across multiple asset classes:
| Asset Type | Examples |
|---|---|
| Forex | 60+ pairs, including majors and exotics |
| Indices | UK100, US30, DE40, JPN225 |
| Commodities | Gold, Silver, Brent, WTI |
| Bonds | German Bunds, UK Gilts, US Treasury Notes |
| Crypto CFDs | Bitcoin, Ethereum, Litecoin, and more (*availability may vary) |
Tickmill focuses on pure price trading — no gimmicks, no inflated spreads, just direct access to real market conditions.
Funding Methods for Nigerian Traders
Tickmill supports secure and convenient deposit methods for clients in Nigeria:
- Local bank transfers via approved NGN payment processors
- Visa and Mastercard (international cards)
- E-wallets: Skrill, Neteller, Sticpay
- Withdrawals processed within 1 business day
There are no deposit or withdrawal fees charged by Tickmill, which reduces the cost of account maintenance and frequent fund movement.
Active Trader Rebate Program
For Nigerian traders who trade high volumes, Tickmill’s rebate system offers:
- Up to $0.75 per standard lot rebated back to your account
- Automatic tier assignment based on monthly trading volume
- Available on Pro and VIP accounts
- No change in spreads or execution conditions
This is ideal for serious forex traders and those using EAs or algorithmic strategies.
Security, Regulation, and Client Protections
Tickmill is licensed by some of the world’s most respected regulatory bodies:
- FCA (UK) – Financial Conduct Authority
- CySEC (Cyprus) – Cyprus Securities and Exchange Commission
- FSCA (South Africa) – For African region clients
- FSA (Seychelles) – For international clients
Clients benefit from:
- Negative balance protection
- Segregated client accounts
- Strict anti-money laundering compliance
- Transparent execution and slippage reporting
