Tickmill

Losses can exceed your initial deposit
MT4
CySEC, Seychelles FSA, UK FCA, Labuan FSA, FSCA
2014

Tickmill Forex Broker Review

Introduction

Tickmill is a multi-asset forex and CFD trading services provider, established in 2014.

In terms of where Tickmill fits within the online brokerage market, it is currently a mid-sized broker, with around 200 employees spread across a global network of offices. To date, Tickmill has serviced more than 240,500 customers, executing a total of 385 million in doing so. Tickmill primarily caters to the needs of both individual and institutional investors, and generally appeals to traders of beginner to intermediate experience levels.

Tickmill offers a variety of trading products, with a particular focus on forex, CFDs, precious metals, bonds and Futures which is available to clients of Tickmill UK Ltd..

Offering of Financial Investments

Tickmill offers trading CFDs on forex, stock indices, commodities, German government bonds and Futures across 5 global exchanges. . Potential users of the platform should note, however, that the CFD selection is quite limited, covering only select stock indices, commodities, bonds and crypto CFDs. Additionally, stock CFDs and ETF CFDs are not currently available to trade on the Tickmill platform.

In total, the selection offered covers around 80 different types of CFDs. Although not the most extensive selection around, for beginner to intermediate traders this should provide just enough variety to diversify your trading portfolio. If you want to see how this selection might impact your own trading goals, we recommend opening a Tickmill demo account so that you can get a better idea of what is on offer.

Tickmill Trading Account Types

Tickmill has a fast and easy account opening procedure, with new accounts generally getting verified within one business day. The account set-up process is very straightforward and shouldn?t cause too many issues.

The quick account opening times are helped by the level of Tickmill support available, which allows accounts to be verified quickly. Trading on the Tickmill platform is delivered through a number of different account types, each of which comes with specific benefits in terms of pricing.

Regardless of whether you are a beginner, intermediate or more advanced trader, there is an account type on offer for you. The Tickmill account types are: Classic, Pro, VIP, and an Islamic finance-friendly account. Of these, the VIP account is the most competitive, though it will require higher trading volumes and account balances. Spreads start from 0.0 pips, execution times averaging 0.20 seconds, and there are zero requotes. Users of the platform should note that there is currently a Tickmill minimum deposit amount of $100 on all accounts.

Trading conditions:

  • Execution model: NDD
  • Account currency: USD, EUR, GBP, PLN
  • Execution type: Market execution
  • Average execution speed: 0.20 second
  • Margin call/Stop out: 100%/30%
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When it comes to leverage trading, Tickmill leverage rates for retail clients are capped at 1:500. Clients of Tickmill UK Ltd and Tickmill Europe Ltd are capped at 1:30. If you qualify for a professional trader account (check Tickmill?s website for more information), you can also trade with higher leverage, up to 1:500 (Tickmill UK Ltd) or up to 1:300 (Tickmill Europe Ltd). 

Tickmill Commission and Fees

Currently, there are no Tickmill fees on deposits or withdrawals from the platform. You can make payments to the Tickmill platform using bank transfer, credit/debit cards, or a range of electronic wallet services. These include Neteller, Skrill, Dotpay, paysafecard, Sofort, China Union Pay, and more. These options can be used for both deposits to and withdrawals from your Tickmill trading account. 

Tickmill Platforms and Tools

In terms of how trading is delivered, Tickmill has stuck to the familiar MetaTrader 4 (MT4) platform. Through the Tickmill MT4 platform, traders are given access to one-click functionality to open and close trades, tools for risk management strategies, as well as a range of charting and analysis tools. Additionally, hedging, scalping and arbitrage trading strategies are all supported on the MT4 platform. It should be noted, however, that Tickmill currently lacks a price alert system. To get a feel for the platform before committing any funds, we recommend that you open a free Tickmill demo account.

Tickmill Research

Autochartist, a chart pattern recognition tool, is just one of the trading ideas that the broker offers. Tickmill has its own blog where it offers a variety of analyses. However, the news feeds are quite basic, and the charting tools have a somewhat outdated design when compared to what else is out there at the moment. Although we would definitely rate Tickmill trustworthy when it comes to research and education, we would like to see some improvements going forward.

Pros 

  • Autochartist integrated
  • Great analysis written by Tickmill experts
  • Great economic calendar

Cons

  • Poor design of charting tools
  • Limited news feed

Should I trade with Tickmill?

Based on the findings of our Tickmill review, we would recommend it as a platform ? so start the Tickmill sign up process and begin trading!

Although it isn?t quite as ?feature-packed? as other platforms out there, the Tickmill package is generally quite good.

From the trader?s perspective, Tickmill is very competitive when it comes to pricing, and Tickmill regulations are monitored by several authorities globally, so you can feel confident that it is a trustworthy brokerage.

Tickmill offers safe, regulated trading, with plenty of instruments for CFD and forex traders. The broker also offers a lot of free deposit/withdrawal options.

Although aimed primarily at those at beginner to intermediate level, traders of all levels will ultimately be attracted by the competitive fees and favourable trading conditions. We would therefore recommend getting started with the Tickmill sign in process and trying out a free demo account.

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FAQs

Is Tickmill regulated?

Tickmill UK is authorised to operate as a financial services provider and is regulated in the UK by the Financial Conduct Authority (FCA).

Tickmill Europe is authorised and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC).

Tickmill Ltd is regulated in the Seychelles by the Financial Services Authority (FSA).

Tickmill Asia Ltd is authorised and regulated by the Labuan Financial Services Authority.

Tickmill South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA).

How to open a Tickmill account?

To open a Tickmill MT4 trading account and invest in forex and CFDs, you must first register online. To do this, head over to the Tickmill homepage and follow the account creation process.

Once completed, you will receive a confirmation email from the Tickmill broker, which will provide you with a verification link. Click this link to complete the verification process and then follow the Tickmill login process to the client portal. If you need any advice, you can request support through the Tickmill contact page, via phone, email or online chat.

In order to start trading, you must first make a deposit. When registering for your client portal, you will be prompted to select ?FCA of United Kingdom? or ?FSA of Seychelles?. Make your choice based on your current location. If you choose ?FSA of Seychelles?, you will be able to participate in a number of Tickmill bonus promotions, and you can benefit from better trading conditions on MT4.

Are the client funds safe?

Client funds are held in segregated accounts with top-tier banks. All customers dealing with Tickmill UK Ltd are protected by the FSCS up to the value of £85,000 per client in the event of default by Tickmill UK Ltd.

Those who are dealing with Tickmill Europe Ltd are protected by the Investor Compensation Fund up to ?20,000 per client in the event of default by the company.

Based on these assurances, we consider Tickmill trustworthy, and there is nothing to indicate the existence of a Tickmill scam of any description.