Forex & CFD broker
Tickmill Canada Review: Is It Regulated in Canada?
By ForexCanada Editorial Team · Updated
Canada check
Tickmill holds licences outside Canada but is not registered with CIRO or any provincial securities regulator. If it accepts you, your account will normally be opened with an offshore group entity rather than its better-regulated subsidiaries — so CIPF coverage, CIRO margin rules and OBSI complaint handling do not apply. We could not confirm that it currently accepts Canadian residents — check its restricted-countries list before applying.
- Canadian status
- Not registered in Canada
- Canadian entity
- None — not registered in Canada
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Canadian eligibility unconfirmed
- Licences abroad
- FCACySECFSCAFSA-SC(offshore)FSA-LB(offshore)DFSA
- Founded
- 2014
- Headquarters
- London, UK
Our take on Tickmill
Tickmill is a low-cost broker popular with scalpers for its raw-spread accounts. Its international business runs through a Seychelles entity; Canadian eligibility is unconfirmed.
Tickmill is frequently cited for low round-turn commissions on its raw account and for being friendly to scalping and expert advisors. Most non-EU clients are served through its Seychelles entity. For Canadians, low costs have to be weighed against the absence of CIPF coverage, CIRO margin rules and OBSI access.
What we like
- +Low commissions
- +Scalping-friendly execution
Watch out for
- −Canadian eligibility unconfirmed
- −Not registered in Canada — no CIPF, CIRO or OBSI protection
How Tickmill scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- MT4, MT5, TradingView
- Markets
- Forex (60+ pairs) · CFDs
- Pricing
- Raw account with low commission
- Leverage
- Offshore entities often advertise 100:1 to 500:1 or more
- CAD / USD accounts
- — CAD | — USD
- Demo account
- Available
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify Tickmill yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Registered alternatives for Canadians
These firms are CIRO dealer members with CIPF-eligible accounts:
Interactive Brokers Canada
Online brokerage
Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
Questrade
Online brokerage
Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
CMC Markets Canada
Forex & CFD broker
Traders who want the widest CFD and currency-pair range from a Canadian dealer
Tickmill: frequently asked questions
Is Tickmill regulated in Canada?
No. Tickmill is not registered with CIRO or any provincial or territorial securities regulator, although it holds licences elsewhere (United Kingdom, Cyprus (EU), South Africa, Seychelles, Malaysia (Labuan)). Canadian protections such as CIPF coverage and OBSI complaint handling do not apply.
Can Canadians open an account with Tickmill?
We could not confirm this. Check Tickmill's restricted-countries list and account-opening terms, and remember that even if it accepts you, you won't have Canadian regulatory protection.
Does Tickmill offer MetaTrader?
Yes — Tickmill supports MT4 and MT5, and you can also trade from TradingView.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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