Tickmill

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	Official Website
Leverage	1:500
Minimum Deposit	$100
Regulation	FCA, CySEC, FSA (Seychelles)
Year Established	2014
Payment Methods	Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal
Trading Assets	Forex, Indices, Commodities, Bonds, Cryptocurrencies
MT4	✅
MT5	✅
Spreads	Extremely Low
Average cost: EUR/USD	0.2 pips
Demo Account	✅
Islamic Account	✅
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Contact Information	Email: [email protected], Phone: +44 203 995 2388
Address	3rd Floor, 27-32 Old Jewry, London, EC2R 8DQ, United Kingdom
Rating	★★★★☆ 4.5
Website	Official Website

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Pros and Cons

Tickmill Broker Review: A Comprehensive Guide

In the competitive world of online forex and CFD trading, choosing the right broker is crucial for success.

Traders need a platform that offers not only competitive trading conditions but also reliability, security, and a comprehensive range of services.

Tickmill, established in 2014, has emerged as a noteworthy player in this domain, catering to both novice and experienced users.

With its extensive regulatory framework, attractive trading conditions, and commitment to client satisfaction, this broker has earned a reputation as a trusted and efficient choice for global investors.

This review will delve into all aspects of its offerings, from its regulatory background and trading platforms to account types, customer service, and educational resources.

By the end of this comprehensive analysis, you will have a detailed understanding of what this firm offers, how it compares to other companies, and whether it aligns with your trading needs.

Company Overview

History and Background

Tickmill was launched in 2014 with a clear vision: to provide traders with an optimized trading experience characterized by low costs, reliable execution, and a broad array of trading instruments.

he company quickly gained traction in the industry due to its client-centric approach and transparent operations.

Over the years, it has expanded its services across different continents, serving clients in over 200 countries.

The broker was founded by a group of experienced financial professionals who recognized the need for a more efficient and transparent trading environment.

Since its inception, the company has prioritized customer satisfaction by offering competitive spreads, fast execution, and a robust regulatory framework.

Regulatory Framework

One of the key aspects that set it apart from many others in the industry is its strong regulatory framework.

The company operates under multiple regulatory bodies, ensuring that it adheres to high standards of financial security and transparency.

• Financial Conduct Authority (FCA): Based in the UK, the FCA is one of the most respected financial regulators globally. Its stringent requirements ensure that brokers under its jurisdiction maintain high levels of transparency, financial stability, and client fund protection.
• Cyprus Securities and Exchange Commission (CySEC): As a member of the European Union, Cyprus adheres to the EU’s MiFID II regulations. CySEC regulation ensures that companies maintain transparent operations and secure handling of client funds.
• Financial Sector Conduct Authority (FSCA): This South African regulatory body oversees the financial markets in South Africa, ensuring that firms like Tickmill operate with fairness and transparency in this region.
• Seychelles Financial Services Authority (FSA): The FSA in Seychelles offers a more flexible regulatory environment, allowing the brokerage firm to provide high leverage options and other trading advantages.

This multi-jurisdictional regulatory oversight enhances its credibility and provides clients with the assurance that their funds are safe and that they are trading in a secure environment.

The combination of FCA and CySEC regulation, in particular, ensures that the company adheres to some of the highest regulatory standards in the industry.

Global Presence

The company’s global presence is another factor contributing to its popularity.

With clients across Europe, Asia, Africa, and the Middle East, the firm has successfully tailored its services to meet the diverse needs of people from different regions.

Its multilingual support and localized services make it accessible to traders worldwide, regardless of their location or language preference.

Its expansion into different markets has been strategic, focusing on regions with growing demand for forex and CFD trading.

This global outreach is supported by the company’s strong regulatory credentials, which enhance its appeal to those looking for a reliable and secure broker.

Trading Platforms

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) remains one of the most popular trading platforms globally, and for good reason.

It combines a user-friendly interface with powerful trading tools, making it suitable for traders of all experience levels.

MT4 Features:

• Advanced Charting: MT4 offers comprehensive charting capabilities, allowing anybody to conduct technical analysis using a wide range of indicators and chart types. Customizable chart settings enable clients to tailor the platform to their specific trading strategies.
• Automated Trading: The platform supports the use of Expert Advisors (EA), which are automated trading systems that can execute trades based on pre-set criteria. This feature is particularly beneficial for those who want to automate their strategies or back test their trading systems.
• Multiple Order Types: MT4 supports various order types, including market orders, pending orders, stop-loss orders, and trailing stops, giving traders flexibility in executing their strategies.
• Security: MT4 is equipped with robust security protocols, including 128-bit encryption and secure access, ensuring that traders’ data and funds are protected.
• Mobile Trading: The MT4 mobile app is available for iOS and Android devices, offering full trading functionality on the go. This feature is essential for investors who need to monitor and execute trades while away from their desks.

MT4 remains a cornerstone of its offering, particularly for those who prefer a tried-and-tested platform with a vast user community and extensive online resources.

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is the successor to MT4 and offers several enhancements and additional features, making it an attractive option for those seeking advanced tools and a broader range of assets.

MT5 Features:

• Extended Order Types: MT5 includes additional order types, such as Buy Stop Limit and Sell Stop Limit, providing more flexibility in executing complex trading strategies.
• Improved Charting: MT5 offers more timeframes and technical indicators than MT4, catering to investors who require detailed and comprehensive market analysis.
• Economic Calendar: MT5 has an integrated economic calendar, allowing to keep track of important economic events and their potential market impact directly within the platform.
• Market Depth: The Market Depth feature in MT5 shows the real-time liquidity for a given asset, which is particularly useful for understanding the supply and demand dynamics in the market.
• Netting and Hedging Options: MT5 supports both netting (single position per instrument) and hedging (multiple positions per instrument), giving traders more options for managing their trades.

While MT4 remains popular, MT5 is increasingly favored by those who require more sophisticated tools and a broader range of instruments, including futures and options.

Web Trader

For traders who prefer not to install software on their devices, the Web Trader platform provides a convenient alternative.

Accessible via any web browser, the Web Trader platform offers the same functionalities as the desktop versions of MT4 and MT5, without the need for downloads or installations.

Web Trader Features:

• Real-Time Trading: The Web Trader platform provides real-time price feeds and instant trade execution, ensuring that traders can take advantage of market opportunities as they arise.
• Comprehensive Charting: Similar to the desktop versions, the Web Trader platform offers advanced charting tools and technical indicators, allowing to perform in-depth market analysis.
• Cross-Device Access: Since it is browser-based, Web Trader can be accessed from any device with internet connectivity, making it ideal for those who need flexibility in their trading setup.
• Secure Trading Environment: The Web Trader platform is equipped with robust security features, ensuring that all data transmitted between the client and the server is encrypted and secure.

The Web Trader platform is particularly useful for people who need to access their accounts from multiple devices or those who prefer a lighter, more flexible trading setup.

Mobile Trading

Mobile trading is increasingly important in today’s fast-paced market environment, and Tickmill offers comprehensive mobile trading solutions through the MT4 and MT5 mobile apps.

Mobile Trading Features:

• Full Trading Functionality: The mobile apps provide full access to the trading account, including the ability to open and close positions, manage orders, and conduct technical analysis using mobile-optimized charts and indicators.
• Customizable Interface: The mobile platforms allow customizing the interface to suit the trading style, with options to arrange charts, indicators, and order windows.
• Push Notifications: Traders can set up push notifications to alert them of important market events, price levels, or trade executions, ensuring they stay informed even when not actively monitoring the market.
• User-Friendly Design: The mobile apps are designed to be intuitive and easy to use, ensuring that traders can navigate the platforms and execute trades efficiently, even on smaller screens.

Mobile trading is essential for those who need to stay connected to the markets at all times, and the mobile apps offered ensure that anybody has access to the tools they need, regardless of where they are.

Account Types

Tickmill offers a range of account types to cater to different trading needs and experience levels.

Each account type is tailored to provide the best trading conditions for its target audience, from beginners to professionals.

Classic Account

The Classic Account is the most accessible option, designed for beginners and those who prefer a straightforward trading environment without commission fees.

Classic Account Features:

• Spreads: Starting from 1.6 pips
• Commission: None
• Leverage: Up to 1:500
• Minimum Deposit: $100
• Platforms: MT4, MT5

The Classic Account is ideal for new customers who are just starting out and want to keep their trading costs simple and transparent.

The absence of commissions makes it easier for beginners to calculate their trading costs, focusing solely on the spread.

Pro Account

The Pro Account is designed for more experienced clients who require tighter spreads and are comfortable paying a small commission per trade.

This account type is particularly popular among traders who employ high-frequency trading strategies, such as scalping.

Pro Account Features:

• Spreads: Starting from 0.0 pips
• Commission: $2 per side per lot
• Leverage: Up to 1:500
• Minimum Deposit: $100
• Platforms: MT4, MT5

The Pro Account offers a significant reduction in spreads compared to the Classic Account, which can

result in substantial cost savings for active traders.

The $2 per side per lot commission is competitive, especially when paired with the low spreads available on this account type.

VIP Account

The VIP Account is tailored for professionals and high-net-worth individuals who trade large volumes.

This account offers the best trading conditions available, with even lower commissions and spreads.

VIP Account Features:

• Spreads: Starting from 0.0 pips
• Commission: $1 per side per lot
• Leverage: Up to 1:500
• Minimum Deposit: $50,000
• Platforms: MT4, MT5

The VIP Account provides the most competitive trading conditions, making it an ideal choice for institutional clients and professionals who require the best possible pricing and execution.

The reduced commission of $1 per side per lot is particularly attractive for high-volume traders.

Islamic Account

For traders who require a swap-free trading environment due to religious beliefs, the broker offers an Islamic Account.

This account type adheres to Sharia law by not charging or earning interest on overnight positions.

Islamic Account Features:

• Swap-Free: Yes
• Spreads: Starting from 1.6 pips (Classic) or 0.0 pips (Pro and VIP)
• Commission: As per the chosen account type
• Leverage: Up to 1:500
• Minimum Deposit: $100 (Classic/Pro), $50,000 (VIP)
• Platforms: MT4, MT5

The Islamic Account is available for all account types, allowing Muslims to choose the trading conditions that best suit their needs while adhering to their religious principles.

Account Comparison Table

This comparison table provides a clear overview of the different account types, allowing traders to quickly identify which account best meets their needs.

Trading Instruments

Tickmill offers a wide range of financial instruments, allowing investors to diversify their portfolios and explore different markets.

Its extensive selection includes forex, indices, commodities, bonds, and cryptocurrencies.

Forex

Forex trading is one of the primary offerings, with over 60 currency pairs available.

The firm provides competitive spreads, starting from 0.0 pips on major currency pairs, and high leverage options up to 1:500.

The forex market is accessible 24/5, giving traders the flexibility to trade at any time.

Major Currency Pairs:

• EUR/USD
• GBP/USD
• USD/JPY
• AUD/USD

Forex Trading Features:

• Tight Spreads: The broker offers some of the tightest spreads in the industry, particularly on major currency pairs.
• High Leverage: With leverage up to 1:500, users can control larger positions with a smaller initial investment.
• 24/5 Market Access: Forex trading is available 24 hours a day, five days a week, allowing anybody to take advantage of global market movements.

Forex trading is one of its key strengths, offering a highly competitive environment for both novice and experienced traders.

Indices

The broker offers CFD trading on a selection of global indices, providing investors with exposure to major stock markets around the world.

Trading indices allows clients to speculate on the overall performance of a market rather than individual stocks.

Available Indices:

• US30 (Dow Jones)
• GER30 (DAX)
• UK100 (FTSE 100)
• JPN225 (Nikkei 225)

Indices Trading Features:

• Diverse Selection: The firm offers CFDs on several major global indices, covering markets in the US, Europe, and Asia.
• Competitive Spreads: Indices spreads are highly competitive, making it cost-effective for traders to speculate on these markets.
• Leverage: Leverage on indices trading is available up to 1:100, allowing clients to maximize their market exposure.

Indices trading provides an excellent opportunity for those to diversify their portfolios and take advantage of global market trends.

Commodities

Commodities are another popular asset class available, with CFDs offered on both hard and soft commodities, including precious metals and energy products.

Available Commodities:

• Gold (XAU/USD)
• Silver (XAG/USD)
• Crude Oil (WTI, Brent)
• Natural Gas

Commodities Trading Features:

• Precious Metals: Gold and silver trading is particularly popular, offering a safe-haven option during times of market uncertainty.
• Energy Products: Crude oil and natural gas CFDs provide exposure to the energy markets, which are influenced by global economic conditions and geopolitical events.
• Leverage: Commodities trading is available with leverage up to 1:100, allowing to control larger positions with a smaller investment.

Commodities trading offers diversification opportunities and the potential to capitalize on global economic and geopolitical trends.

Bonds

Tickmill provides access to the bond market through CFDs on various government bonds.

Trading bonds can be an excellent way to diversify a portfolio, especially in times of market uncertainty.

Available Bonds:

• German Bund (10-year)
• UK Gilt (10-year)
• US Treasury (10-year)

Bonds Trading Features:

• Fixed Income Instruments: Bond CFDs allow speculating on the price movements of government bonds without owning the underlying asset.
• Diversification: Bonds offer a lower-risk alternative to equities and can be used to diversify a trading portfolio.
• Leverage: Bond trading is available with leverage up to 1:100, providing an opportunity to enhance returns on capital.

Bonds are a valuable addition to any diversified portfolio, offering stability and lower risk compared to equities.

Cryptocurrencies

The broker has also entered the cryptocurrency market, offering CFDs on popular digital currencies.

While the cryptocurrency offering is not as extensive as its forex or commodities markets, it provides anybody with an opportunity to speculate on the price movements of some of the most traded digital assets.

Available Cryptocurrencies:

• Bitcoin (BTC/USD)
• Ethereum (ETH/USD)
• Litecoin (LTC/USD)
• Ripple (XRP/USD)

Cryptocurrency Trading Features:

• Popular Digital Assets: The broker offers CFDs on some of the most traded cryptocurrencies, providing access to the rapidly growing digital currency market.
• High Volatility: Cryptocurrency markets are known for their high volatility, offering opportunities for significant price movements and potential profits.
• Leverage: Cryptocurrency trading is available with leverage up to 1:20, allowing traders to amplify their market exposure.

Cryptocurrency trading is an exciting addition to the firm’s offering, providing exposure to the fast-paced and rapidly evolving digital asset market.

Trading Instruments Comparison Table

This table provides a clear overview of the trading instruments available, helping traders identify which markets best align with their strategies and preferences.

Trading Conditions

Spreads and Commissions

The firm is known for offering some of the most competitive spreads in the industry, particularly on its Pro and VIP accounts.

Spreads can go as low as 0.0 pips on major currency pairs, making it an attractive option for those who require precise cost management.

For accounts with commissions, such as the Pro and VIP accounts, the commission structure is straightforward and transparent.

Pro account holders pay $2 per side per lot, while VIP Account holders pay a reduced rate of $1 per side per lot.

This commission structure, combined with low spreads, makes this company a cost-effective choice for high-frequency traders.

The combination of tight spreads and low commissions is particularly advantageous for active users, as it reduces the overall cost of trading and increases potential profitability.

Leverage

Tickmill offers leverage up to 1:500, which is among the highest in the industry.

High leverage allows traders to control larger positions with a smaller initial investment, which can amplify both potential profits and losses.

However, it’s important for people to use leverage responsibly and understand the associated risks.

The availability of leverage varies depending on the regulatory jurisdiction under which the client is registered.

For example, clients under FCA (UK) regulation are subject to lower leverage limits due to stricter regulatory requirements, while those under FSA (Seychelles) can access the maximum leverage offered.

Order Execution

The broker prides itself on its fast and reliable order execution.

The company uses a No Dealing Desk (NDD) execution model, which means that all orders are executed without any dealing desk intervention.

This model helps to eliminate conflicts of interest and ensures that clients receive the best possible prices.

The execution speed is one of its key selling points, with average execution times under 0.2 seconds.

This is particularly beneficial for scalpers and high-frequency traders who rely on quick execution to capitalize on small price movements.

Its commitment to fast, and reliable execution enhances the trading experience, reducing the risk of slippage and ensuring that trades are executed at the desired price.

Margin and Margin Call

The company offers flexible margin requirements, which are determined by the leverage chosen by the trader.

The margin level is a critical aspect of trading, as it determines the amount of capital required to open and maintain positions.

The broker also has a margin call policy in place to protect individuals from excessive losses.

When the equity in a trader’s account falls below a certain percentage of the required margin, a margin call is triggered, alerting the trader to either close some positions or deposit more funds to maintain their open positions.

Margin management is an essential part of trading, and its policies are designed to help traders manage their risk effectively.

Swap Rates

For traders who hold positions overnight, it charges swap rates, also known as rollover fees.

These fees are based on the interest rate difference between the two currencies involved in a forex trade.

Swap rates can be positive or negative depending on the direction of the trade and the interest rate differential.

Clients with Islamic Accounts are exempt from swap charges, as these accounts are designed to be compliant with Sharia law, which prohibits the earning or payment of interest.

Trading Hours

The broker operates during the standard forex trading hours, which run from 00:00 (server time) on Monday to 24:00 (server time) on Friday.

These hours coincide with the opening and closing times of the major global forex markets, including Sydney, Tokyo, London, and New York.

The trading hours for other asset classes, such as indices, commodities, bonds, and cryptocurrencies, vary depending on the specific instrument.

For example, indices tied to the US market are typically available for trading during the New York session, while those linked to European markets are available during the London session.

Understanding the trading hours for each instrument is crucial, as it allows them to plan their trading activities around market openings and closings, which are often times of high volatility.

Account Management

Deposits

Tickmill offers several deposit methods to ensure that users can fund their accounts conveniently and securely.

The available deposit methods include:

• Bank Transfer: Available for all account types, bank transfers are a reliable way to deposit funds, though they may take a few business days to process.
• Credit/Debit Cards: Visa and Mastercard are accepted, with funds typically credited instantly to the trading account.
• E-Wallets: The broker supports several e-wallets, including Skrill, Neteller, and PayPal, which provide instant deposits.

The company does not charge any fees for deposits, although traders should be aware that their payment provider may impose its fees.

Withdrawals

Withdrawals are processed efficiently, with most requests completed within one business day.

The same methods available for deposits can be used for withdrawals, and the firm does not charge any fees for processing withdrawals.

However, similar to deposits, traders should check if their payment provider charges any fees for withdrawals.

Its transparent fee structure and fast processing times make it an attractive choice for those who prioritize efficient account management.

Account Verification

As part of the company’s commitment to regulatory compliance, all clients are required to complete a Know Your Customer (KYC) verification process when opening an account.

This process involves submitting identification documents, such as a passport or national ID card, and proof of address, such as a utility bill or bank statement.

The verification process is straightforward and usually takes one to two business days to complete.

Completing the KYC process is essential for ensuring the security of the account and enabling full access to all trading features.

The account verification process is an important step in protecting both the client and the broker, ensuring that all trading activities are conducted in a secure and compliant environment.

Customer Support

Support Channels

Tickmill offers a range of customer support channels to assist customers with their queries and issues.

Their customer support team is known for its professionalism, responsiveness, and knowledge.

Available Support Channels:

• Live Chat: Accessible directly from the website, live chat provides instant assistance and is available in multiple languages.
• Email Support: Clients can reach out to [email protected] for email-based inquiries. The response time is typically within 24 hours.
• Phone Support: The company provides phone support for time-critical issues, with dedicated lines for different regions.
• FAQs and Help Center: The website includes a comprehensive FAQs section and help center, where traders can find answers to common questions and detailed guides on various topics.

Multilingual Support

Given its global client base, the broker offers support in multiple languages, including English, Spanish, Arabic, Russian, and more.

This ensures that traders from different regions can receive assistance in their native language, enhancing their overall experience.

Quality of Service

The quality of customer service is a critical aspect, and Tickmill excels in this area.

The support team is highly rated by clients for its efficiency and willingness to resolve issues promptly.

Whether it’s technical assistance, account-related queries, or guidance on using the trading platforms, the support team is well-equipped to handle a wide range of inquiries.

Effective customer support is essential for maintaining client satisfaction and ensuring that traders have a positive experience.

The company’s commitment to providing high-quality support is a testament to its focus on client satisfaction.

Education and Resources

Educational Materials

Tickmill is committed to empowering market participants with the knowledge and skills they need to succeed in the markets.

The broker offers a wealth of educational resources that cater to users of all experience levels.

Webinars

The company hosts regular webinars on plenty of trading topics, including technical analysis, market trends, trading strategies, and risk management.

These webinars are conducted by experienced users and market analysts, providing valuable insights into the financial markets.

Webinars are an excellent way for people to gain in-depth knowledge on specific topics, ask questions, and interact with experts in real-time.

Trading Seminars

In addition to online webinars, Tickmill occasionally organizes in-person trading seminars in various locations around the world.

These seminars offer an opportunity to learn from experts, network with others, and gain practical knowledge in a face-to-face setting.

Seminars are particularly valuable for those who prefer hands-on learning and want to deepen their understanding of the markets through direct interaction with experts.

Video Tutorials

It also provides a library of video tutorials that cover the basics of forex and CFD trading, as well as more advanced topics.

These videos are an excellent resource for visual learners who prefer to watch and learn at their pace.

Video tutorials offer a convenient way to learn about trading, with the flexibility to pause, rewind, and revisit topics as needed.

Market Analysis

Tickmill offers comprehensive market analysis to help investors make informed decisions.

The broker’s market analysis is divided into several categories:

Daily Market Outlook

The Daily Market Outlook provides an overview of the key events and trends shaping the markets each day.

This analysis includes insights into major currency pairs, indices, commodities, and more, helping traders stay updated on the latest market developments.

Technical Analysis

Technical analysis is a core component of its market analysis offering.

The company provides in-depth technical analysis reports that highlight potential trading opportunities based on chart patterns, indicators, and price action.

Technical analysis is particularly useful for those who rely on chart patterns and technical indicators to make trading decisions.

Fundamental Analysis

For investors who prefer to base their decisions on economic data and news events, it offers fundamental analysis reports.

These reports cover macroeconomic trends, central bank policies, and geopolitical events that could impact the markets.

Fundamental analysis provides a broader view of the markets, considering economic and political factors that influence asset prices.

Tools and Calculators

Tickmill provides a range of trading tools and calculators to assist individuals in managing their positions and calculating potential profits or losses.

Forex Calculator

The Forex Calculator is a versatile tool that helps anybody calculate various aspects of their trades, including margin requirements, pip value, and potential profits or losses.

This tool is essential for people who want to plan their trades meticulously and manage their risk effectively.

Economic Calendar

The Economic Calendar provides a real-time schedule of important economic events and data releases.

Investors can use this tool to stay informed about upcoming events that could impact the markets, such as central bank meetings, employment reports, and inflation data.

The Economic Calendar is an invaluable resource for those who base their decisions on fundamental analysis and market-moving events.

Security and Safety of Funds

Segregation of Funds

The company adheres to strict regulatory requirements by segregating client funds from the company’s own funds.

This segregation ensures that client funds are protected in the event of insolvency, as they cannot be used to pay off creditors.

The segregation of funds is a key aspect of its commitment to ensuring the security and safety of client assets.

Negative Balance Protection

The broker offers negative balance protection to its clients, ensuring that they cannot lose more than their initial investment.

This feature is particularly important for traders who use high leverage, as it prevents them from owing money to the company if their trades go against them.

Negative balance protection is an important safeguard that protects clients from incurring significant losses beyond their initial deposit.

Investor Compensation Scheme

As a regulated broker, Tickmill is a member of several investor compensation schemes, depending on the jurisdiction.

These schemes provide additional protection to clients by compensating them in the unlikely event that the firm is unable to meet its financial obligations.

Investor compensation schemes offer peace of mind, knowing that funds are protected even in extreme circumstances.

Data Security

The broker employs advanced encryption and security protocols to protect clients’ personal and financial information.

Its trading platforms are also equipped with secure login features, ensuring that only authorized users can access trading accounts.

Data security is a top priority, and the company’s commitment to protecting client information is evident in its robust security measures.

Fees and Costs

Trading Fees

Tickmill’s trading fees are among the most competitive in the industry, particularly for its Pro and VIP account holders.

Their low spreads and transparent commission structure make it an attractive option for cost-conscious users.

Summary of Trading Fees:

• Classic Account: Spreads starting from 1.6 pips, no commission.
• Pro Account: Spreads starting from 0.0 pips, $2 per side per lot commission.
• VIP Account: Spreads starting from 0.0 pips, $1 per side per lot commission.

The combination of low spreads and competitive commissions provides excellent value, particularly for those who trade frequently or in large volumes.

Non-Trading Fees

Tickmill is also known for its low non-trading fees.

The broker does not charge any deposit or withdrawal fees, which is a significant advantage for those who make frequent transactions.

However, there are some fees to be aware of:

Inactivity Fee

This trading firm charges an inactivity fee for accounts that remain dormant for an extended period.

This fee is designed to encourage active trading and account management.

Swap Fees

As mentioned earlier, swap fees are charged on positions held overnight.

These fees are based on the interest rate differential between the two currencies involved in a forex trade.

Islamic account holders are exempt from swap fees.

Comparative Fee Analysis

When compared to other brokers, Tickmill stands out for its low-cost trading environment.

The firm’s combination of tight spreads, low commissions, and minimal non-trading fees makes it a cost-effective choice for both novices and professionals.

The absence of deposit and withdrawal fees further enhances its appeal, as these are costs that can add up over time with other companies.

Competitive Advantages

High Leverage and Low Spreads

Tickmill’s offering of high leverage up to 1:500 combined with low spreads, particularly in its Pro and VIP accounts, provides a significant competitive advantage.

These features are particularly appealing to those who employ strategies that require precise cost management and high capital efficiency.

Strong Regulatory Framework

The broker’s regulation by multiple reputable authorities, including the FCA and CySEC, enhances its credibility and ensures that it operates under strict guidelines.

This regulatory oversight provides with peace of mind, knowing that funds are secure and that they are trading in a fair and transparent environment.

Fast and Reliable Execution

The No Dealing Desk (NDD) execution model and fast order execution times are crucial advantages, especially for those who rely on speed, such as scalpers and high-frequency traders.

The low latency and minimal slippage offered make it an attractive option for these trading styles.

Comprehensive Educational Resources

Tickmill’s commitment to education sets it apart from many competitors.

The broker’s extensive range of webinars, seminars, video tutorials, and market analysis resources cater to people of all levels, helping them to strengthen their skills and stay informed about market developments.

Global Reach and Multilingual Support

With clients in over 200 countries and support available in multiple languages, Tickmill is truly a global firm.

This widespread presence and multilingual support ensure that market participants from various regions can access their services and receive assistance in their preferred language.

Areas for Improvement

Limited Cryptocurrency Offering

While the broker has made strides in entering the cryptocurrency market, its offering is still somewhat limited compared to specialized crypto exchanges.

Expanding the range of available cryptocurrencies and introducing more advanced trading tools for these assets could help them attract more crypto-focused traders.

Withdrawal Processing Times

Although Tickmill processes most withdrawals within one business day, some investors have reported occasional delays.

Improving the consistency and speed of withdrawal processing could enhance the overall client experience, particularly for those who prioritize quick access to their funds.

Payment Methods

Their range of payment methods, while sufficient, could be expanded to include more options, particularly for clients in regions where certain e-wallets or local payment systems are more prevalent.

Offering a broader range of payment options would make it easier for clients to fund their accounts and withdraw their profits.

Conclusion

Tickmill has established itself as a leading forex and CFD broker, offering a compelling mix of low-cost trading, robust regulation, and comprehensive trading tools.

Its commitment to providing a secure, transparent, and efficient trading environment makes it an excellent choice for traders of all experience levels.

While there are areas for improvement, particularly in expanding its cryptocurrency offering and payment methods, the broker’s strengths far outweigh its weaknesses.

For those looking for a reliable trading firm with competitive trading conditions, advanced platforms, and strong regulatory oversight, Tickmill is undoubtedly worth considering.

Its global reach, multilingual support, and extensive educational resources further enhance its appeal, making it a versatile and accessible option for investors worldwide.

FAQ

References and Sources

• Official Website: https://tickmill.com
• Twitter: https://twitter.com/Tickmill
• LinkedIn profile: https://uk.linkedin.com/company/tickmill
• Trustpilot:https://www.trustpilot.com/review/www.tickmill.com
• YouTube: https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g
• Facebook: https://www.facebook.com/Tickmill/

User Reviews

Article written, edited and reviewed by

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!

Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
Emily's work ethic? Oh, it's like a caffeine-fueled engine, chugging away with laser-sharp precision. Seriously, without her juggling skills, our growth wouldn't have hit turbo mode.
But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

Alternatives

Rank	Broker	Review
1	xChief
2	XTB
3	Exness
4	RoboForex
5	FBS
6	XM
7	JustMarkets
8	Markets.com
9	eToro
10	IC Markets

Last updated: September 4, 2024