Tickmill broker detailed review

tickmill logo

Before you begin your journey in the market, you need to take care to choose a broker with the best trading conditions. A broker is an intermediary between you and the market. This intermediary needs to be reliable, otherwise you can either lose all your money at once (in case you run into scammers) or lose it gradually at high spreads and commissions. In this article, we will provide you with the Tickmill broker review, its benefits and weak sides.

Tickmill review

 
Headquarter Seychelles
Regulations CySEC, FCA, FSA
Type of broker Market Maker
Minimum Deposit $100
Maximum Leverage 1:500
Type of platform MetaTrader 4, Web-based
Deposit with credit card Yes
Depositing with wire transfer Yes
Tickmill demo account provided Yes
Instruments traded CFDs, Commodities, Metals, Oil, Gold, Indices

Tickmill introduces a new standard in brokerage services. Its focus on innovation is what the company prides itself on and why traders choose it. Scalping enthusiasts and passive robot traders are already appreciating the broker’s trading conditions, as Tickmill offers minimal spreads. The company has earned many awards over the years. For example, for two years in a row (2018 and 2019) it won the title of “Best Execution Forex Broker” and also won the title of “Most Transparent Broker” in 2019. Tickmill.com main page interface

Tickmill is one of the representatives of CFD and Forex brokers. The intermediary is known online for its international activities, ultra-fast execution, low commissions and spreads from 0 pips. This market participant claims to serve clients in 200 countries, to be regulated by reputable financial institutions, to provide access to popular instruments, and to use cutting-edge technology and complete transparency of its terms and conditions.

The Tickmill brand is owned by the Tickmill Group, which consists of a number of subsidiaries incorporated in the UK, South Africa, Malaysia, the Seychelles and Cyprus. The website provides registration numbers for all of the listed entities as well as licence details from the FSA, FCA, CySec, Labuan FSA and FSCA. An online question and answer form, 4 contact phone numbers, two office addresses, an email as well as links to the company’s social media profiles are available to contact project representatives.

The regulator of the Tickmill broker

The Tickmill brand belongs to several legal entities that are registered in two different countries and are therefore subject to local regulations. The customer will have to make a choice between the firms in which he or she wishes to register an account. The brand is owned by Tickmill UK Ltd. of the UK and Tickmill Ltd. Seychelles, which has its registration in the Seychelles. Both UK and Seychelles companies are licensed: FCA, the UK supervisory authority (Tickmill UK Limited No 717270); It is worth noting that newcomers to the field are advised to first use the services of a firm from the Seychelles. After studying the reviews of traders about the Tickmill broker, it is clear that this is the company that provides the beginners with more opportunities. Those traders who consider themselves professionals can become a client of a broker from the UK, which provides more favorable conditions for trading, but has strict starting conditions. Tickmill Europe LTD is also regulated by the Cyprus Securities and Exchange Commission. The licence number is 278/15.

Tickmill trading conditions

The Tickmill broker offers its traders simple and, most importantly, straightforward trading conditions.It offers its clients premium trading products and services with full transparency. The broker offers access to over 80 trading instruments with spreads starting from 0 pips and the lowest commissions on the market.

It is regulated and offers clients free educational trading, risk-free trading options, trading signals, security of funds as well as ongoing access to its technical support. For beginners, the free tutorials, webinars, seminars, videos and infographics are especially helpful, as they have been created by professionals. For traders, there are always competitions with valuable prizes.

Tickmill.com’s simple and intuitive interface as well as its online platform will enable even a newcomer to quickly find the necessary information. It is also possible to create a Tickmill demo account on the platform, which allows traders to try their hand without the risk of losing their investment. Tickmill demo account opening on Tickmill Platform

Tickmill account types and features

To meet traders’ needs, Tickmill offers different account types. Below we will review features and benefits of each of Tickmill account types. Tickmill live account opening on Tickmill Platform

Classic
Minimum deposit 100 USD / EUR / GBP
Minimum balance No
Base currencies USD, EUR, GBP
Spreads from 1.6 pips
Maximum leverage 1:500
Maximum lot 0,01
Commission 0
Strategies All strategies are allowed
Islamic account Swap-free Islamic account option available
PRO
Minimum deposit 100 USD / EUR / GBP
Minimum balance No
Base currencies USD, EUR, GBP
Spreads from 0.0 pip
Maximum leverage 1:500
Minimum lot 0,01
Commission 2% per side for traded 100,000 currencies
Strategies All strategies are allowed
Islamic account Swap-free Islamic account option available
VIP
Minimum deposit No
Minimum balance 50 000 USD / EUR / GBP
Base currencies USD, EUR, GBP
Spreads from 1.6 pips
Maximum leverage 1:500
Minimum lot 0,01
Commission 1% per side for traded 100,000 currencies
Strategies All strategies are allowed
Islamic account Swap-free Islamic account option available

Deposit and withdrawal of funds

Tickmill offers different deposit and withdrawal options. In order to deposit, you need to register with the broker, make a deposit by choosing the convenient way (minimum deposit – $100, withdrawal – $25) from the list of payment systems offered by the company:

  • Bank transfers.
  • Credit, debit cards Visa, MasterCard.
  • Payment terminals (Neteller, Skrill).
  • Electronic payment systems (Webmoney, Qiwi).

Tickmill Deposit Withdrawal methods on Tickmill Platform When opening an account in a currency you can choose from: USD, EUR, GBP. Withdrawal of funds is available only for authorized and verified traders, it is executed through the same payment system which was used for deposit. Withdrawal speed: within one business day. No commission in all withdrawal options, only additional fees may be charged by the payment systems.

Tickmill bonus

Many forex brokers offer various bonuses to encourage new traders to sign up with them. Usually forex bonuses are exclusive or seasonal special offers. In general, the types of forex bonuses are also known by the name promotions. Bonuses, which are known as rebates, are credited to a trader’s account after they complete a trade, whereas regular bonuses may require the trader to make quite a few trades at first. Tickmill offers traders several attractive bonuses and promotions:

  • Trader of the month

Every month the platform runs the Trader of the Month competition. The winner is the most productive trader of the previous month, who receives a prize of $1,000. When selecting a winner, not only good profit figures are taken into account, but also financial and risk management skills.

  • NFP Machine

Another Tickmill bonus is a contest, the essence of which is that each week the NFP broker chooses one instrument and invites traders to guess its value on the MetaTrader 4 platform at 16:00 (30 minutes after the release of the report). The trader who guesses the exact figure will receive $500 to their trading account. If none of the participants is able to guess the exact value, the trader who was closest to the figure is selected. He receives a prize of $200.

  • A $30 welcome account

For new members who have just registered, $30 is credited to their trading account as a bonus. The funds are automatically credited as soon as the application is approved. The trading account to which the bonus is credited can be used within 90 days. All profits earned from the bonus can be withdrawn without any problems.

  • Executive broker competition

Tickmill runs a competition every year where the best representative gets a chance to win a full travel package to the top 3 financial centres in the world (New York, Singapore and London) or take home a $10,000 prize.

  • Cashback

The company offers rebates of between $0.25 and $0.75 per lot per month. The refund amount is correlated with the number of lots.

Tickmill’s platform, tools, education services

Tickmill platform

Tickmill is a platform that is considered to be one of the most user-friendly brokers. Its practicality lies in the fact that it can be used directly in the browser without the need to install any additional software. The user is offered a wide range of tools for comfortable work. The broker offers two trading platforms – WebTrader and MetaTrader4. WebTrader is a platform that provides the easiest possible access to trading. It is the same as MetaTrader 4, but can now be accessed directly from your browser. This functionality allows instant access to trading anytime, anywhere. The platform’s interface is user-friendly even for beginners. Special mention should be made of the “One-Click” function, which allows you to open and close trades, the efficient risk management system and the ability to build charts. You can take advantage of the spreads from 0 pips. Orders are executed in 1.5 seconds. MetaTrader 4 is a platform which has been designed specifically for traders. It has a user-friendly interface that the user can customise, as well as a sophisticated panel for working with orders. The functionality allows you to quickly manage your positions with maximum efficiency. The MT4 platform also includes advanced charting facilities, custom indicators and support for the MQL language. Even a beginner can easily program indicators and trading brokers to trade in the market at any time. The advantages of the Tickmill terminal:

  • reliability and security;
  • intuitive interface;
  • possibility of drawing the charts;
  • more than 30 indicators;
  • orders without partial execution;
  • no deposit or withdrawal fees;
  • low spreads;
  • demo account;
  • opportunity to add indicators to the chart for market analysis.

Tickmill tools

Most brokers offer all or some of the following market instruments for trading: Currency: Currency trading, also called currency trading, involves a currency exchange market in which individuals, companies and financial institutions exchange currency for each other at floating rates. Commodities: Like foreign exchange markets, commodity markets offer traders different investment opportunities. Investing in traded commodities on a contract basis is a sure way to reduce risk in times of inflation or economic uncertainty. Indices: Stocks or stock indices, are actual stock market indices that measure the value of a particular segment of the stock market. They may represent a particular set of a country’s largest companies or a particular stock market. Precious metals: Trade in gold and other precious metals includes hard commodities, which are commodities traded on a contract basis. Energy commodities: High volatility in energy prices due to political and environmental factors, supply and demand, extreme weather conditions and global economic growth is a typical feature of this product, making it another popular trading choice. Tickmill offers traders more than 80 trading instruments in the following markets: Currency:

  • Spreads from 0.0 pips
  • Access to over 60 currency pairs
  • Average execution speed 0.15 sec
  • All trading strategies included
  • Leverage up to 1:500

Stock Indices & Oil:

  • Spreads starting from 0.0 pip
  • Access to over 14 indices
  • Average execution speed 0.15 sec
  • All trading strategies included
  • Leverage up to 1:100

Precious Metals:

  • Spreads starting from 0.0 pips
  • Access to Gold and Silver Crosses
  • Average execution speed 0.15 sec.
  • All trading strategies included
  • Leverage up to 1:500

Bonds:

  • Spreads starting from 0.0 pips
  • Access to German Bonds
  • Average execution speed 0.15 sec
  • All trading strategies included
  • Leverage up to 1:100

Cryptocurrency:

  • Spreads from 0.0 pips
  • Access to Bitcoin, Etherium and Litecoin
  • Average execution speed 0.15 sec
  • All trading strategies included
  • Leverage up to 1:200

Tickmill education services

The Tickmill website has an extensive training section where traders can obtain useful information for successful trading. The company provides educational information on the basics of market analysis and trading strategies. It conducts webinars and seminars and offers e-books and video lessons. Tickmill education services

What information is presented in the “Training” section What information is missing from the Tickmill website
Analysis of trading instruments, technical and fundamental analysis. There is no detailed breakdown of each question in the articles on the website.
Fundamentals of trading terminal and indicators No details of trading strategies
Infographics on the impact of various events on the economy  
E-books on currency pairs, efficiency and risk management.  
Glossary of terms  

Strong and weak sides of the Tickmill UK Ltd broker

Tickmill has low forex and non-trading fees. Account opening is quick, easy and completely digital. You can use many deposit and withdrawal options, and they are free of charge. On the other hand, Tickmill forex has a limited product portfolio, as it only offers forex and CFDs. Popular asset classes, such as stocks and ETFs, are not available. The trading platforms are provided by MetaTrader and have an outdated design. Finally, the news feed is basic and unstructured. Retail clients of Tickmill Ltd can use up to 1:500 leverage, while retail clients of Tickmill UK Ltd and Tickmill Europe Ltd can use maximum leverage of 1:30. If you qualify as a professional trader, you can trade with higher leverage, up to 1: 500 (Tickmill UK Ltd) or 1: 300 (Tickmill Europe Ltd).

Conclusion

Forex broker Tickmill is a young, dynamically developing company which has all chances to become a leader among its competitors. Already now it has a reputation of a successful and stable company with a lot of positive feedback (about advantageous trading conditions, high-quality service, professional support, etc.) and recommendations from the clients, which in many ways shows that the broker is on the right way of development. Reliable terminal, profitable bonuses, high-quality analytics, training opportunities – all this also characterizes the broker positively. The company has, though not so many, negative Tickmill reviews, with the broker’s representative working on the forums. It is to be hoped that the company plans to pay attention to customer feedback, develop the service further, keeping up the pace of its successful launch. It is also fair to say that Tickmill has not yet had time to show itself fully, it is too early to assess it as a reliable or fraudulent company. However, the feedback from traders that we are waiting for in this Tickmill broker review may not only significantly change the broker’s ratings, but also warn users against possible problems.

Rating
( No ratings yet )
Denis Tannen
Denis Tannen / article author
Like this post? Please share to your friends:
Top Forex Brokers
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: