Menu
Open Account Get a Demo

67% of retail investors accounts lose money


Tickmill Forex Broker Review

Introduction

Tickmill is a Forex and CFD trading services provider, established in 2014. Catering to the needs of both individual and institutional investors, Tickmill offers a variety of trading products, especially focusing on Forex, CFDs, Precious Metals, and Bonds.

Offering of Financial Investments

Tickmill offers trading CFDs on forex, stock indices, commodities, and German government bonds. Stocks, ETFs, mutual funds, and options trading are missing. Some CFDs on stock index, commodity, and bond can also be traded. However, stock CFD, ETF CFD, and crypto CFDs are not available for trading.

Tickmill Trading Account Types

Tickmill has a fast and easy account opening and gets verified within one business day. The account types offered are Classic, Pro, and VIP, an Islamic account is also included. The minimum deposit is low, $100 for all account types, except VIP. Tickmill offers spreads from as low as 0.0 pips, fast execution from 0.1 sec. and no requotes.

Trading conditions:

  • Execution model: NDD
  • Account currency: USD, EUR, GBP, PLN
  • Execution type: Market execution
  • Average execution speed: 0.1 second
  • Margin call / Stop out: 100% / 30%

  Visit Broker Site

Retail clients of Tickmill Ltd can use leverage up to 1:500, while Tickmill UK Ltd and Tickmill Europe Ltd ones are offered maximum leverage of 1:30. If you qualify for a professional trader (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

Tickmill charges no deposit and withdrawal fees. You can use bank transfer, credit/debit cards, and a lot of electronic wallets, including Neteller, Skrill, dotpay, Paysafecard, Sofort, China Union Pay, and more. Same options apply for withdrawal.

Tickmill Platforms and Tools

Tickmill offers trading through the well known MetaTrader 4 Web Trader Platform. Traders have access to one-click functionality to open & close trades, employ effective risk management and access a variety of charting capabilities. However, keep in mind that the platform lacks price alerts and the design is outdated.

Hedging, scalping and arbitrage trading strategies are included.

Tickmill Research

Autochartist, a chart pattern recognition tool, is just one of the trading ideas the broker offers. Tickmill has its own blog where it offers a variety of analyses. However, the news feeds are basic and the charting tools have outdated design.

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?

Tickmill offers low forex and CFD fees and is regulated by several authorities globally.

The broker also offers a lot of free deposit/withdrawal options.

Tickmill is a safe broker to trade with and is quite suitable for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms.

  Visit Broker Site

FAQs

Is Tickmill regulated?

Tickmill UK is authorised and regulated in the UK by the Financial Conduct Authority. 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).

How to open Tickmill account?

To open Tickmill’s MT4 trading account and invest in Forex and CFDs, you must first register online. Once you’ve done that, you will receive a confirmation letter from the broker. You must then login to Tickmill’s Client Portal from Tickmill’s Official Website and open an account. In order to start trading, you must first make a deposit. When registering for your client portal, you can choose from “FCA of United Kingdom” or “FSA of Seychelles”.

By choosing “FSA of Seychelles”, you can participate in various bonus promotions and 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 £50,000 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.

arrow
Send this to a friend