What Tickmill says about the W-8BEN form
Almost everything written about this form is written about you — your residence, your treaty, your return. This page is written about the broker: what Tickmill Europe Ltd (Cyprus, CySEC CIF 278/15) states in its own documents about taking the form and withholding at source. That is the part that can be verified, and the part that differs between brokers.
Which entity this covers
The odd one here, and worth reading twice. Tickmill Europe offers no real shares at all — its stock exposure is contracts for difference — and it still requires the form: it gates access to the CFD stock and ETF symbols, and the withholding applies to the dividend adjustments on those contracts. Term 21.5 of its client agreement (September 2025) is the part most worth knowing, quoted in full below. The form's validity period is not stated anywhere on the site: "W-8BEN" appears on exactly one page and never in the client agreement. Corporate clients use a different route, uploading a W-8BEN-E rather than the in-app form.
What this page does not answer
Not what you will pay, not which treaty rate applies to you, and not what to put on your own tax return. Those depend on where you are resident and on the agreement between your country and the United States — questions a broker's documents cannot settle and we hold no source for. Everything below is a statement by the broker about the broker.
Does Tickmill take a W-8BEN form?
Yes, and inside the account. Tickmill Europe Ltd (Cyprus, CySEC CIF 278/15) takes the form electronically during onboarding or from the account area, with no paper and no posting.
“To trade CFD Stocks and ETFs, you are required to complete the W-8BEN form that is available in the Client Area. To complete the W-8BEN Form follow these simple steps: Login to the Client Area. Click on Profile. From the drop-down menu select ‘W-8BEN Form’. Complete the form and sign it and press ‘Submit’.”
Does Tickmill withhold US tax at source?
Tickmill Europe Ltd (Cyprus, CySEC CIF 278/15) states that it withholds US tax at source. The deduction happens before the money reaches your account, so the amount you see credited is already net of it.
“Tickmill applies a flat 30% U.S. withholding tax on dividends and other distributions from U.S. securities, regardless of a client’s country of residence or any applicable tax treaties. Reduced treaty rates are not applied. Clients are solely responsible for seeking any reclaim directly with the relevant tax authority.”
What US dividend withholding rate does Tickmill name in its documents?
30% — that is the figure Tickmill Europe Ltd (Cyprus, CySEC CIF 278/15) names in its own documents, quoted in full below. It is what the broker publishes, not a calculation of what applies to you.
“Tickmill applies a flat 30% U.S. withholding tax on dividends and other distributions from U.S. securities, regardless of a client’s country of residence or any applicable tax treaties. Reduced treaty rates are not applied.”
Verified 2026-09-08 · Source document
Frequently asked questions
Does Tickmill take a W-8BEN form?
Does Tickmill withhold US tax at source?
What US dividend withholding rate does Tickmill name in its documents?
How we verified this review
Every fact below is verified against primary sources. We refresh on a schedule and on reader feedback.