Tickmill

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1:30 for retail clients in the European Union (EU), and up to 1:500 for clients outside the EU (varies by region).
Minimum Deposit$100
Year Established2014
RegulationRegulated by the SFSA, FCA, CySEC, Labuan FSA and FSCA
Payment methodsBank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, and cryptocurrency payments (Tickmill.com).
Publicly Traded
Employees 201-500
Type of BrokerOnline Forex and CFD Broker.
MT4
MT5
Trading AssetsCurrency pairs, commodities, stock indices, stocks, bonds, and cryptocurrencies
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★★
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Competitive spreads and low trading costs.
  • Multiple regulatory licenses ensure a high level of trust and security.
  • An array of educational resources for traders of all levels.
  • Advanced trading platforms, including MT4 and MT5.
  • Strong customer support with multilingual assistance.
  • Diverse range of tradable assets, including Forex, commodities, indices, and cryptocurrencies.
Cons
  • Limited promotions and bonuses, especially for European clients.
  • Some account types may require relatively high minimum deposits.

Introduction:

In the world of online trading, finding the right brokerage partner is a crucial first step for both novice and experienced traders. Tickmill, a leading online trading broker, has emerged as a popular choice among traders of all levels.

Established in 2014, The broker has since built a reputation for offering a wide range of financial instruments, competitive spreads, and a technologically advanced trading environment.

This detailed review delves into the various aspects and features that define Tickmill, allowing you to make an informed decision when selecting a broker to meet your specific trading needs.

As an ECN/STP broker, The broker is committed to providing traders with transparent and cost-effective trading solutions.

Their service offerings cater to both new traders who are just beginning their journey in the financial markets and seasoned professionals seeking a reliable and feature-rich trading platform.

The broker’s strong regulatory framework, educational resources, security measures, and customer support services ensure that traders can confidently navigate the intricacies of the financial markets while mitigating risks.

This review will offer a comprehensive overview of Tickmill, covering aspects such as account types, fee structures, trading platforms, regulatory compliance, educational resources, and more.

By the end, you’ll fully understand what this broker has to offer and whether it aligns with your trading goals and preferences.

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Editor’s Verdict

Tickmill is a reputable broker with a commitment to offering transparent and cost-effective trading services.

They stand out for their diverse account options, which cater to both beginners and professional traders.

The advanced trading platforms, combined with educational resources and research tools, make it a valuable choice for traders looking to strengthen their skills.

With strong regulatory oversight and a commitment to security, Tickmill earns our recommendation.

Fee

The broker employs a competitive fee structure with variable spreads and low commissions for certain account types.

The specific fee you’ll encounter can vary based on your chosen account and the trading instruments you use.

Generally, traders can expect to benefit from favorable spreads and a clear fee structure.

Range of Assets

The broker boasts a diverse selection of tradable assets, allowing traders to build diversified portfolios and explore various financial markets.

The broker offers the following asset categories:

  • Forex Pairs: As a Forex-focused broker, The broker provides access to a wide range of major, minor, and exotic currency pairs. This includes popular pairs like EUR/USD and GBP/USD, as well as more exotic options.
  • Commodities: Traders can speculate on the price movements of various commodities, such as gold, silver, oil, and natural gas. Global economic events often influence these assets.
  • Stock Indices: The broker enables traders to engage in index trading by offering CFDs on major stock indices, including the S&P 500, NASDAQ, FTSE 100, and many more.
  • Cryptocurrencies: For those interested in digital assets, the broker provides CFDs on cryptocurrencies like Bitcoin, Ethereum, and Litecoin, allowing traders to participate in the cryptocurrency market without owning the underlying assets.
  • Bonds: Traders with a preference for fixed income investments can also access CFDs on various government and corporate bonds.

The availability of these diverse assets opens up opportunities for traders to implement various strategies and adapt to changing market conditions.

Whether you’re looking to trade the volatility of Forex, the stability of bonds, or the excitement of cryptocurrencies, The broker offers a well-rounded selection of assets to meet your trading preferences.

Additionally, the broker’s competitive spreads and advanced trading technology enhance the overall trading experience across these asset classes.

Leverage and Trading Hours

Leverage at Tickmill depends on your jurisdiction.

In Europe, it’s limited to a maximum of 1:30 for retail clients, with the potential to increase to 1:500 for professional clients.

Trading hours vary based on the asset class, but generally extend from 24/5 for Forex to 24/7 for cryptocurrencies.

Account Types

The broker provides a range of account types designed to accommodate traders with different levels of experience and trading preferences.

These account types offer various features and trading conditions:

  1. Classic Account:
    • Minimum Deposit: $100
    • Leverage: Up to 1:500
    • Spread: Starting from 1.6 pips
    • Commission: No commission
    • Suitable For: Novice traders, those who prefer no commissions, and scalpers.
  2. Pro Account:
    • Minimum Deposit: $100
    • Leverage: Up to 1:500
    • Spread: From 0 pips
    • Commission: $2 per side per 100,000 traded
    • Suitable For: Experienced traders, scalpers, and high-frequency traders who can benefit from tight spreads.
  3. VIP Account:
    • Minimum Deposit: $50,000
    • Leverage: Up to 1:500
    • Spread: From 0 pips
    • Commission: $1 per side per 100,000 traded
    • Suitable For: Professional and institutional traders who trade in large volumes and seek the lowest spreads.
  4. Islamic Account (Swap-Free):
    • Available for Classic, Pro, and VIP accounts
    • Suitable for traders who cannot participate in interest-bearing transactions due to religious beliefs.
  5. Demo Account:
    • Offers virtual funds to practice trading without risking real capital.

The choice of account type depends on your trading style, experience, and the level of capital you are willing to invest.

Classic accounts are suitable for beginners, while Pro and VIP accounts are tailored for more experienced traders looking for tighter spreads and lower commissions.

The Islamic account option caters to those who require a swap-free account for religious reasons.

Additionally, the availability of a demo account allows traders to practice and familiarize themselves with the trading conditions before committing to a live account.

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Demo Account

The broker offers a demo account option, providing traders with an excellent opportunity to practice and test their trading strategies without risking real capital.

Here are the key features of Tickmill’s demo accounts:

  • Virtual Funds: Demo accounts are funded with virtual money, allowing traders to make risk-free trades and explore the platform’s features.
  • Real Market Conditions: Traders can experience real market conditions, including live price feeds, spreads, and order execution, to simulate actual trading scenarios.
  • No Financial Risk: Since no real money is involved, traders do not risk losing their capital while using the demo account.
  • Educational Tool: The demo account is a valuable educational tool for both novice and experienced traders to refine their strategies, test new approaches, and become more comfortable with the trading environment.
  • Unlimited Duration: Traders can use the demo account for an unlimited period, which means they can take the time they need to build confidence and hone their trading skills.

Opening a demo account with Tickmill is a straightforward process.

It allows traders to familiarize themselves with the trading platform, explore available trading instruments, and practice risk management strategies.

This is particularly useful for those who are new to trading or wish to test the broker’s services before transitioning to a live trading account.

Trading Platforms

The broker provides its traders with a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms are widely recognized and preferred by traders worldwide for their advanced trading tools, charting capabilities, and user-friendly interfaces.

Here’s a closer look at the trading platforms offered:

  • MetaTrader 4 (MT4): MT4 is a widely acclaimed and highly versatile platform known for its comprehensive charting package, technical analysis tools, and automated trading capabilities. It offers a user-friendly interface, supports multiple timeframes, and allows for one-click trading. Traders can install expert advisors (EA) and custom indicators to enhance their trading strategies.
  • MetaTrader 5 (MT5): MT5 is the successor to MT4 and builds upon its predecessor’s features. It includes additional timeframes, more technical indicators, economic calendar integration, and an enhanced strategy tester for expert advisors. MT5 is suitable for traders who require advanced analytical tools and algorithmic trading options.
  • WebTrader: This broker offers a web-based trading platform that is accessible through a web browser without requiring any software downloads or installations. WebTrader provides traders with convenient access to their accounts from any device with an internet connection. It is a flexible option for those who prefer trading on the go.
  • Mobile Trading: In addition to desktop platforms, The broker also offers mobile trading apps for both MT4 and MT5. These apps are available for iOS and Android devices, allowing traders to access their accounts, monitor the markets, and execute trades from their smartphones or tablets.

The broker supports these platforms with high-speed execution, competitive spreads, and deep liquidity.

Regardless of the chosen platform, traders can expect a smooth and efficient trading experience with access to a wide range of trading instruments, including forex pairs, commodities, indices, and more.

These platforms come with a wide array of trading tools, making them suitable for traders with different levels of experience, from beginners to seasoned professionals.

Whether traders prefer manual trading, automated strategies, or copy trading, Tickmill’s platform options cater to a diverse range of trading styles and preferences.

Awards

The broker has received recognition and numerous awards within the financial industry for its commitment to providing exceptional trading services, transparency, and innovation.

While awards can be a testament to a broker’s credibility and quality of service, it’s essential for traders to consider multiple factors when choosing a broker.

Some notable awards and achievements received by Tickmill include:

  1. Best Forex Broker Asia – IAFT Awards: Tickmill was honored with the “Best Forex Broker Asia” award by the International Association of Forex Traders (IAFT). This award highlights the broker’s strong presence and reputation in the Asian forex trading market.
  2. Best Forex Execution Broker – CFI.co Awards: The Capital Finance International (CFI.co) Awards recognized Tickmill as the “Best Forex Execution Broker.” This award acknowledges the broker’s efficient order execution and trading infrastructure.
  3. Best CFD Broker Asia – International Business Magazine: Tickmill was named the “Best CFD Broker Asia” by the International Business Magazine. This recognition emphasizes the broker’s commitment to providing competitive CFD trading services in the Asian region.

These awards reflect Tickmill’s efforts to deliver high-quality trading conditions, excellent customer service, and a wide range of trading products to its clients.

It’s essential to consider these awards alongside other factors when evaluating the broker as a potential broker for your trading needs.

Regulation and Security

Regulated by respected authorities, including the FCA (UK), FSA (Seychelles), CySEC (Cyprus), and FSCA (South Africa), the broker ensures a high level of security and trust for its clients.

Customer funds are held separately from the company’s accounts and are subject to protection.

Research and Education

The broker offers a comprehensive suite of research and educational resources, including webinars, video tutorials, educational articles, market analysis, and infographics.

These resources empower traders with knowledge to make informed decisions.

Customer Support

With multilingual customer support, including live chat, email, and phone assistance, it ensures traders receive prompt and helpful responses to their inquiries.

Bonuses and Promotions

While the broker offers limited promotions and bonuses, traders can participate in the “Trader of the Month” contest, where exceptional traders have the chance to win a $1,000 reward.

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Account Opening

Opening an account with Tickmill is a straightforward process, and the broker offers a range of account types to accommodate different trading styles and preferences.

Here’s an overview of the account opening process:

  • Step 1: Visit Tickmill’s Website To get started, visit the official Tickmill website. You can explore the website to learn more about the available account types, trading conditions, and other services offered by the broker.
  • Step 2: Choose an Account Type The broker offers several account types, including Classic, Pro, and VIP accounts. Select the account type that best suits your trading preferences and risk tolerance.
  • Step 3: Click “Open Account” Once you’ve chosen your preferred account type, click the “Open Account” button associated with that account. This will initiate the account registration process.
  • Step 4: Complete the Registration Form The platform will require you to fill out a registration form with your personal information, contact details, and other necessary data. Make sure to provide accurate information.
  • Step 5: Verify Your Identity As a regulated broker, the company is obligated to verify the identity of its clients. You will need to submit the required identification documents, such as a valid passport or driver’s license, and proof of address, such as a utility bill or bank statement.
  • Step 6: Fund Your Account After your identity is verified, you can fund your trading account. It offers various payment methods, including bank transfers, credit/debit cards, and e-wallets. Choose the most convenient option for you.
  • Step 7: Start Trading Once your account is funded, you can log in to the trading platform of your choice (MT4 or MT5) and start trading in the financial markets. Tickmill provides access to a wide range of assets, including forex pairs, commodities, stock indices, cryptocurrencies, and more.

The broker has a demo account option that allows traders to practice their strategies and get familiar with the trading platforms before trading with real money.

This can be a valuable resource for traders, especially those who are new to the financial markets or to Tickmill’s services.

Overall, Tickmill’s account opening process is user-friendly and efficient, and the broker’s commitment to regulatory compliance ensures a secure trading environment for its clients.

Payment Methods

The broker offers a wide assortment of payment methods to facilitate deposits and withdrawals, allowing clients to choose the most convenient option based on their location and preferences.

It also ensures secure transactions and quick processing times.

Here’s an overview of the payment methods available:

Deposit Methods:

  1. Bank Transfer: Traders can fund their Tickmill accounts through bank transfers. This method allows for large deposits and withdrawals, and it’s suitable for those who prefer traditional banking channels.
  2. Credit and Debit Cards: This broker accepts Visa and Mastercard payments. This is a convenient option for traders who want to use their credit or debit cards for deposits, and it’s a quick way to fund your account.
  3. E-Wallets: The broker provides support for popular e-wallets such as Skrill, Neteller, and PayPal. E-wallets offer a fast and secure way to transfer funds, and they are widely used by traders.
  4. Dotpay: Dotpay is an online payment provider that allows clients to make deposits through various payment methods, including bank transfers, credit cards, and e-wallets. It’s commonly used in Poland.
  5. Trustly: Trustly is a payment method that enables secure bank transfers. It’s a preferred choice for traders who prioritize security and direct bank connections.
  6. Cryptocurrency Payments: The broker offers the option to make deposits using cryptocurrencies. This provides an additional layer of anonymity and flexibility for traders outside of Europe.

Withdrawal Methods:

  1. Bank Transfer: Clients can request withdrawals through bank transfers. This method is suitable for both small and large withdrawal amounts, and it ensures a secure transfer to your bank account.
  2. Credit and Debit Cards: Withdrawals can be processed back to the Visa or Mastercard used for depositing. However, the availability of this option may be subject to certain conditions.
  3. E-Wallets: The broker allows withdrawals to e-wallets like Skrill, Neteller, and PayPal. This provides a quick and convenient way to access your funds.
  4. Cryptocurrency: Depending on your location and account type, you may have the option to withdraw your funds in cryptocurrencies. This can be advantageous for clients who prefer digital asset withdrawals.

It’s important to note that while Tickmill doesn’t charge fees for deposits or withdrawals, some payment methods may have their transaction fees.

Additionally, the processing times for withdrawals may vary based on the chosen method.

Overall, Tickmill provides a range of payment options to cater to the diverse needs of its clients, allowing for flexibility and convenience in managing funds.

Deposits and Withdrawals

Deposits and withdrawals with Tickmill are typically fee-free.

Some payment methods may have associated charges, but the broker may reimburse these fees up to $100 for qualifying deposits.

The withdrawal process is efficient, with requests usually processed within one business day.

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Is it a good broker?

Tickmill is a well-regarded broker that offers competitive spreads, a diverse range of assets, and reliable trading platforms.

Its regulatory oversight and commitment to security make it a trustworthy choice for traders.

However, the suitability of Tickmill depends on individual trading preferences and goals.

Alternative Brokers & Comparisons

When selecting a broker for your trading needs, it’s essential to consider various options and make an informed decision.

To help you assess Tickmill in the context of other brokers.

Here are some alternative brokers and comparisons:

  1. OANDA: OANDA is a well-established broker known for its competitive spreads and powerful trading platform. It provides a wide range of trading instruments and offers a user-friendly interface for traders of all experience levels.
  2. IG: IG is a reputable broker with a strong global presence. It offers an extensive list of tradable assets, advanced charting tools, and educational resources. IG is a good choice for traders seeking a comprehensive trading experience.
  3. Pepperstone: Pepperstone is a popular broker with low spreads and high-speed execution. It provides several trading platforms, including MetaTrader 4 and cTrader. Pepperstone is ideal for traders looking for tight spreads and fast order execution.
  4. Saxo Bank: Saxo Bank is a Danish investment bank and online broker that offers a wide array of assets, including forex, stocks, commodities, and more. It’s known for its professional-grade trading tools and research.
  5. FXCM: FXCM is a global broker offering forex and CFD trading. It’s known for its educational resources and for having many trading platforms, including NinjaTrader. FXCM suits traders who value educational support.
  6. Interactive Brokers: Interactive Brokers is a well-regarded brokerage with access to global markets. It offers a broad range of assets and provides advanced trading tools. Interactive Brokers is tailored for experienced traders and institutional clients.
  7. TD Ameritrade: TD Ameritrade is a reputable U.S.-based broker with a wide range of investment options, including forex trading. It’s known for its platform and is an excellent choice for U.S.-based traders.

When comparing brokers, consider factors like the range of assets, trading fees, regulatory status, available trading platforms, and the quality of customer support.

It’s crucial to choose a broker that aligns with your trading goals and preferences.

Remember that individual preferences and trading strategies may vary, so conducting thorough research and potentially testing different brokers with demo accounts can help you make an informed decision.

Additionally, ensure the broker you choose complies with your country’s regulatory requirements and offers the features and tools that support your trading approach.

Conclusion

The broker has built a strong reputation in the trading industry, providing a reliable and secure environment for traders of all levels.

Their competitive pricing, educational resources, and regulatory standing make them a solid choice for those seeking a trustworthy broker.

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Contact Info

FAQ – Frequently Asked Questions

What is TickMill?

Tickmill is an international online broker that provides access to various financial markets, allowing traders to buy and sell assets such as forex, stocks, commodities, and more.

Is TickMill regulated?
Yes, Tickmill is regulated by multiple authorities, including the Financial Services Authority of Seychelles (FSA), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (Labuan FSA), and the Financial Sector Conduct Authority (FSCA) in South Africa.

What trading platforms does TickMill offer?
Tickmill offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their user-friendly interfaces and powerful trading tools.
Can I open a demo account with TickMill?

Yes, Tickmill provides demo accounts, allowing traders to practice their strategies and get familiar with the trading platforms without risking real money.

Are there any fees associated with Tickmill accounts?
Tickmill generally does not charge deposit or withdrawal fees. However, traders should be aware of any potential fees imposed by payment systems. Account types like Pro and VIP have commissions, while the Classic account features a spread-based fee structure.

How can I deposit funds into my Tickmill account?
Tickmill offers various deposit methods, including bank transfers, credit/debit cards (Visa and Mastercard), e-wallets (Skrill, Neteller, PayPal), and even cryptocurrency payments for traders outside Europe.

Does Tickmill offer educational resources for traders?

Yes, Tickmill provides a range of educational materials, including articles, webinars, videos, and trading tools to help traders improve their skills and knowledge.

What is the maximum leverage offered by TickMill?
Leverage varies depending on your location due to regulatory requirements. In Europe, retail clients can access leverage up to 1:30, while traders outside of Europe may have access to higher leverage, up to 1:500.
Does Tickmill offer Islamic accounts?
Yes, Tickmill provides Islamic or swap-free accounts that comply with Shariah law by eliminating overnight interest (swap) charges.
How can I contact Tickmill's customer support?
You can reach Tickmill’s customer support through various channels, including email, live chat, and phone. They are available during business hours to assist you with any inquiries or issues you may have. Additionally, Tickmill provides multilingual support to accommodate traders from around the world.

References and Sources

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Last updated: June 11, 2024