Tickmill review by - TopAsiaFX
Introducing Tickmill, the leading broker of our time, revolutionizing the world of retail investors and traders. Dive into a realm of possibilities with their comprehensive range of services, including Forex, CFD, Social trading, and an array of other exciting options!
Embarking on their journey in the late 2008s, Tickmill swiftly emerged as a global powerhouse, catering to a vast clientele spanning over 200 countries. With a staggering monthly trading volume of 122 billion, they have solidified their position at the forefront of the industry.
While their primary headquarters proudly resides in the vibrant city of London, United Kingdom, Tickmill's influence extends far and wide. With operational stations strategically established in diverse corners of the world, such as Australia, Vietnam, South Africa, Tanzania, Estonia, and Malaysia, they have truly created a global presence.
Tickmill Pros & Cons
Pros
- Top Trading Conditions,
- Lightning-fast Execution Speed,
- No restrictions on profitability
Cons
- Doesn't accept US clients,
- Doesn't provide CopyTrading,
- Doesn't accept Crypto Deposits
Tickmill Account Types
| Accounts | Currencies | Min. deposit | Leverage | Starting Spreads | Demo Account | Rollover Free | Decimal Pricing | Commission per trade | Max. Lot Size Per Trade | Min. Lot Size Per Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| CLASSIC ACCOUNT | USD, EUR, GBP, ZAR | $ | 1:500 | 1.6 pips | Yes | Yes | Zero | 0.01 | ||
| PRO ACCOUNT | USD, EUR, GBP, ZAR | $ | 1:500 | 0.0 pips | Yes | Yes | 2 per side per 100,000 traded | 0.01 | ||
| VIP ACCOUNT | USD, EUR, GBP, ZAR | $ | 1:500 | 0.0 pips | Yes | Yes | 1 per side per 100,000 traded | 0.01 |
Account Options
| Broker Type | Minimum Deposit | Forex Majors Spread | Maximum Leverage | Min. Trade Size | Scalping | Hedging | Free Demo | USA Traders |
|---|---|---|---|---|---|---|---|---|
| ECN, STP | $100 | 0.1 | 500:1 | 0.01 | Yes | No | Yes | No |
Tickmill Trading Platforms, Fees & Regulation
Though Tickmill is considered as one of the BIG names among all the Foreign exchange brokerages, don't let that get too much of you. Why?
When it comes to trading platforms they really messed up on many things and to be specific it's the unavailability of diverse trading platforms.
Apart from that, everything is alright as they provide an enhanced Meta Trader 4 trading platform which is made from the cutting edge technology from the 21st century.
The classic MT4 platform features:
- Several charting tools.
- More than 50 trading indicators.
- Availability of Forex EA's.
- Appropriate order management.
- Effective notification system.
- Historical data center.
For a better overview follow the image stated below:
Source: Forexbrokers.com
Besides that, Tickmill also offers a web trading platform that is preliminary based on the web trading version of the MT4. Therefore, you won't need to undergo any unnecessary installation process.
The Web trader platform features:
- More than 30 trading indicators.
- More than 9 time frames.
- Availability of real quotes.
- Heavily customizable.
Mobile Trading:
Tickmill also provides the advantage to trade with mobile devices through its mobile trading app which is obviously available for both android and ios.
The mobile app offered by Tickmill is HUGELY customizable and not only that but you'll also be getting multiple price trends, trading charts, market analysis, and much more!
Source: Forexbrokers.com
Regulation
- ( FSA, FCA, CySEC, LFSA )
Fees
- Yes
Platforms
- MT4, MT5
Tickmill Top Features
Tradable Instruments:
Like other reputable foreign exchange brokerages, Tickmill has garnered widespread recognition for providing its clients with an extensive array of trading options and accessories. This comprehensive offering encompasses:
- Forex: Tickmill allows you to engage in trading across more than 60 currency pairs, including both major pairs like EUR/GBP and GBP/USD, as well as exotic pairs such as ZAR/USD.
- Stocks and Indices: Gain access to over 14 indices, including renowned ones like NASDAQ, FTSE, Dow, DAX, and Jones, empowering you to explore various stock and index trading opportunities.
- Commodities: Seize the opportunity to trade in precious metals, including gold and silver, along with the popular commodity WTI oil. This opens up avenues for diversifying your trading portfolio.
- Bonds: Tickmill also offers access to select German bonds, enabling you to tap into the world of bond trading and potentially capitalize on fixed-income opportunities.
Tickmill's wide range of trading accessories caters to diverse investment preferences, allowing clients to explore different markets and capitalize on potential trading opportunities across various asset classes.
Tickmill Compliance & Regulation
Tickmill stands proudly as a formidable contender among the most rigorously regulated brokers. With a focus on providing the utmost security, this esteemed brokerage is governed by reputable regulatory bodies, namely the Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC).
Tickmill Global falls under the watchful eye of the FSA, ensuring compliance and upholding the highest standards of trading practices. Additionally, in the United Kingdom region, Tickmill is regulated by CySEC. These two esteemed regulatory entities collaborate seamlessly to guarantee a trading experience that is unparalleled in its safety and reliability.
Tickmill Service Details
| Supported Languages | English, Indonesian, Polski, Melayu, Deutsch, Русский, Italiano, Tiếng Việt, Portuguese, 한국어, Español, 中文简体, 中文繁體, العربية, ภาษาไทย |
| Customer Service By | Live Chat, Email |
| Service Hours | 24/7 |
| Email Response | Yes |
Tickmill Trading And Investment Tools
| One Click Trading | Yes |
| Stop Order | Yes |
| Limit Order | Yes |
| Trade off Charts | No |
| Market Order | Yes |
| 24hr Trading | Yes |
| Email Alerts | Yes |
| Trailing Stop Order | Yes |
| Charting Package | Yes |
| Mobile Alerts | Yes |
| OCO Orders | Yes |
| Streaming News Feed | Yes |
Tickmill Pricing
Account Types and Spreads:
Tickmill, which is widely known for its EMPATHIC trading accounts is providing three individual types of trading accounts including,
- Classic.
- Pro
- Vip
Note: Keeping in mind all the Muslims across the globe, the brokerage is committed to providing Islamic trading accounts at the time of need.
Let's get a closer look at the accounts provided by Tickmill.
Here are the deets...
First of all, the classic trading accounts are BEST suited for amateur traders but it's also pretty prominent for the experienced traders as well.
Furthermore, the account contains availability of more than 62 currencies and the spreads start from 1.6 pips where no commissions are charged.
Then the Pro accounts come into action which is mainly designed for the expert market traders. As a reason, the spreads of these accounts start from 0.0 pips where commissions are applicable except indices, oils, and bonds.
Tickmill also provides high-volume trading accounts that are known as "VIP accounts'' for certain groups of traders who are in need of HUGE transactions. Besides, the account requires a minimum deposit amount of $50,000 along with zero commissions ( for Oil, Stock, Indices, and CFDs only).
And last but not least the leverage ratio that Tickmill offers is 1:500 which can vary depending on the asset.
Apart from all these, Tickmill offers two varieties of executions which include the NDD ( No Dealing Desk) Execution along with market executions. Besides, you won't be getting any instant execution procedure with the brokerage.
Deposit and Withdrawal Options:
Tickmill upholds its commitment to convenience by offering a wide range of transaction methods to cater to diverse client preferences. They facilitate the use of several popular payment methods, including Visa/Mastercard, Neteller, Skrill, QIWI, China Union Pay, Fasapay, WebMoney, and direct bank transfers.
For the ease and flexibility of their clients, Tickmill maintains a reasonable minimum deposit requirement of $100 or its equivalent for both the classic and PRO accounts. This ensures accessibility to traders with varying investment capacities. Additionally, the minimum withdrawal amount stands at $25 or its equivalent.
It's worth noting that payments can be converted into multiple currencies, namely USD, EUR, GBP, and PLN, providing clients with the flexibility to transact in their preferred currency.
Tickmill's comprehensive range of payment options and reasonable deposit and withdrawal thresholds further enhance the convenience and accessibility of their trading services.
Deposit Methods
Withdrawl Methods
FAQ Section
Tickmill’s policy is to process withdrawals via the same method that you used to deposit. For example, if you deposited using a credit card, the card will be credited with an amount equal to the deposit amount. Upon request, we can send any profits via other payment methods under your name.
Tcikmill process all withdrawal requests within one working day. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.
Yes, you can. However, at the moment of withdrawal processing, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position).
If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.
Tickmill provides you with low spreads starting from 0.0 pips and an ultra-fast execution speed of 0.15 seconds on average. Skrill, Neteller, FasaPay, UnionPay, and credit card deposits are processed instantly while withdrawals are processed within one working day. Tickmill is proud that Tickmill has no restrictions on trading and no requotes. They also allow scalping, hedging, arbitrage, EAs, and algorithms.
Tickmill does offer Cash CFDs that allow you to trade with a continuous price that isn’t subject to an expiration date. The Cash CFD price is derived from the underlying futures contracts.
Tickmill offers FIX API connection to our large private clients and institutional clients. The minimum account balance required is 500,000 £$€ and the required minimum monthly commission fee generated should be 5,000 £$€. Tickmill does not offer a demo version. If a client generates 5,000 £$€ or more in monthly commissions, then they do not charge any fees for using this service. However, if the monthly commissions are less than 5,000 £$€, then a fee applies (5,000 £$€ – the amount of commission generated).
Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). As such, our internal systems are in compliance with the FSA regulations, which means that your funds are held in segregated accounts to protect your assets.
Tickmill is a trading name of Tickmill Ltd, which is regulated by the Seychelles Financial Services Authority (FSA).
Tickmill is also a trading name of Tickmill UK Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom and of Tickmill Europe Ltd which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Tickmill User Experience
Customer Support:
Tickmill prioritizes the well-being of its clients and has established an active and effective customer support protocol. Their support services are available 24/5, from 7:00 to 16:00 GMT, ensuring prompt assistance during market hours.
You can reach out to their customer support team through the following channels:
- Cell phone: +852 5808 2921
- Email: support@tickmill.com
Additionally, for further inquiries and a more comprehensive understanding of various aspects, you can engage in a live trading chat with their dedicated team. To stay updated with the latest news and other broker-related information, be sure to check out their official YouTube channel.
Research and Education:
Tickmill places importance on providing educational resources to its clients, although it falls slightly short of being considered best-in-class (top 7) in the industry.
Their educational offerings include useful eBooks and webinars in various languages, providing valuable learning materials. However, there is room for improvement in terms of the quality of educational posts. The educational content appears to be heavily mixed with market research, making the primary objective of the content less clear than desired.
A similar situation applies to their research materials, as they lag behind their competitors in terms of providing accurate market research and comprehensive overviews.
Tickmill acknowledges the importance of research and education and continues to strive for enhancement in these areas to better serve their clients' needs.
Conclusion:
With Tickmill, you can embark on your trading journey with confidence, knowing that you have a reliable broker by your side. Start exploring the financial markets today and take advantage of the opportunities that Tickmill has to offer.
Note: The information provided in this article is for informational purposes only and should not be considered financial advice. Trading in the financial markets involves risk, and it's important to conduct thorough research and seek professional guidance before making any investment decisions.
Add Your Review
User Reviews
Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.
