Updated April 2026
Tickmill (Seychelles) no deposit decoded.
Tickmill Ltd (Seychelles FSA). Lot turnover; only Seychelles entity issues bonus.
Headline
$30
Real EV
$14
Withdrawable
profit only
Trap score
3/10
The math
Why headline vs real EV diverge.
No-deposit bonuses are typically profit-only with a lot turnover requirement. The trader rarely meets the requirement before busting the bonus. Real expected value: 30–40% of headline at typical retail volume.
Conditions
What the fine print says.
Lot turnover; only Seychelles entity issues bonus
Geo restrictions
Where you can claim it.
Excluded: EU, UK, US. Tier-1 regulators (FCA, ESMA, ASIC) prohibit retail bonuses, so EU/UK/AU residents are typically routed to the broker’s offshore arm — with lower regulatory protection. This bonus is issued by an offshore entity.