Tickmill Broker Review

Justin Freeman

Broker Information

  • Company Name: Tickmill Ltd
  • Founded: 2014
  • Country: Seychelles
  • Phone: +442036086100

Platform Info

  • Platform: MetaTrader 4, WebTrader
  • Dealing Desk: No
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: FCA, CySEC, FSA SC
  • Bonus: $30 Welcome Account
  • Minimum Deposit: $100
  • Leverage: 1:500
  • US Clients: No
  • Funding Methods: Bank Transfer, Visa, MasterCard, Skrill, Neteller, fasapay, UnionPay, dotpay, NganLuong.vn, Qiwi Wallet, Thai online bank transfer, Globepay, Vietnam Instant Online Bank Transfer, Paysafe
  • Pairs Offered: 62+
Bonus offer for ForexFraud visitors
$30 Welcome Account

Expert’s Viewpoint

This review of the broker Tickmill reaffirms its position as a top-quality platform, built by traders, for traders. This approach results in a trading experience that just has to be tried out – a fact confirmed by the firm’s continued growth and increasing popularity with traders.

 A record number of new clients have taken the decision to sign up to the platform. It now has more than 350,000 registered accounts. It also keeps adding to its impressive collection of industry awards.

The ‘Best Trading Experience’ award from Forex Brokers in 2020 is just one example of how Tickmill continues to get things right.

 A quick scan of online feedback from the trading community also gives a glimpse of the strength of Tickmill’s fan base. The firm has built a reputation for providing traders with all the tools they need to be successful.

 This is backed up by review site Trustpilot recording that 82% of reviews mark Tickmill as ‘Excellent’ or ‘Good’.

 The Forex Fraud Tickmill review team found the broker to be ‘Safe to Use’. The Tickmill experience is all about great trading, but behind the scenes, the firm has also gained a reputation for being trustworthy. Tickmill complies with regulations to a degree that is well above market average, and it’s a profitable and viable company.

The Tickmill Trading Experience

The Tickmill trading platform is set up to provide reliable, low-cost, super-fast trading, in all the popular markets. There are a lot of behind-the-scenes features that go to make Tickmill trustworthy, but trying out the actual trading platform using a Tickmill demo account (by clicking here) is a hands-on way to find out what a great platform feels like.

The range of extra Tickmill support services complements, rather than overwhelms, the trading experience.

Research and learning materials are set at beginner, intermediate and advanced levels. Some are tailored to explaining the basics and preparing clients for trading. When you are ready to enter into the markets, there is a collection of up-to-date research notes that focus on identifying trade entry and exit points.

It takes a few seconds to sign up to a Tickmill demo account, and doing so is highly recommended. Whether you’re looking for a new, safe broker or trying trading for the first time, using a Tickmill demo offers a risk-free opportunity to see just how good the trading experience can be.

Broker Summary

The Tickmill group of companies owns and operates Tickmill.com, a multi-asset, multi-regulated CFD broker. The group’s companies include Tickmill UK Ltd, Tickmill Europe Ltd, and Tickmill Ltd. One other subsidiary is the 100%-owned Procard Global Ltd, a UK-registered firm.

Tickmill currently operates in more than 200 countries, and has more than 350,000 registered customers and 150 employees. Reports show that it has executed more than 273m trades and records average monthly trading volume well above $123bn.

tickmill review
There is a focus on quality as well as quantity. With the average trade execution speed at 0.2 seconds, lots of trading tools and a variety of educational materials, the award-winning ECN broker meets most of the requirements of traders, beginners and professionals alike.

Broker Introduction

The best way to find out more and explore the reasons for the firm’s popularity is to try out a risk-free Tickmill demo account.

tickmill registration

Once you have completed the brief registration process, you will be able to use your Tickmill sign in at any time. The only requirement is that you supply your email address and phone number, and then you are ready to step into the markets and develop your trading skills.

You can set your balance of virtual funds and leverage terms at a level that suits you. Although you will be ‘paper trading’, you will benefit from all the high-tech mechanisms of the actual Tickmill MT4 platform.

tickmill demo

Spreads & Leverage

Making a consistent profit from the markets isn’t easy. Part of the recipe for success is setting up with a broker that helps you tilt the balance in your favour. One way to improve your trading bottom line is by selecting a platform that offers low-cost access to the markets.

Tickmill fees are low. Bid-offer spreads start from as low as 0.0 pips, and there are also near-zero commissions. Numbers such as these are just hard to beat, and Tickmill unsurprising scores highly in this category.

If you’re looking to take advantage of such welcoming T&Cs, it’s also possible to apply leverage to your trading. This isn’t for everyone as it comes with additional risks. Tickmill account types score additional bonus points by allowing clients to choose their own leverage terms instead of setting them at a riskier default position.

In line with standard practice, the maximum Tickmill leverage terms on offer to clients will be determined by the regulatory body of the country in which you live. UK and EU clients will find leverage capped at 1:30, which is still a considerable level, but some in other domiciles might be able to scale up to 1:500.

Platform & Tools

The Tickmill MT4 platform gives access to the most popular retail forex platform in the world. It’s been used by millions of traders for many years and is very much the benchmark by which other platforms are measured.

It is available in desktop, Web Trader and app format for Android and iOS mobile devices. MT4 is the gold standard in online trading. It is a fully customisable trading environment that provides traders with the tools to create their own technical indicators, custom scripts and Expert Advisors (EAs).

Whichever approach you take, you will have access to analytical tools and trade indicators that are considered to be among the best in the industry. To add a cherry on top of the cake, Tickmill clients also gain access to the Myfxbook copy trading platform and Autochartist.

Hedging and scalping strategies are allowed, which demonstrates that the platform is based on a high-quality IT infrastructure. The operator allows the use of all EAs and trading algos – this is the green light for expert users of MT4, who can take full advantage of the power of the best trading platform in the world.

Despite its relative youth, Tickmill has already picked up a number of prestigious forex awards. In 2016, it won the ‘Most Trusted Forex Broker’ at the Best ECN/STP Broker Awards. That trend continues, and the broker won the ‘Best Trading Award’ at the Forex Broker Awards in 2020.

Commissions & Fees

The brokerage offers a free-to-use, risk-free demo account, which gives traders a taste of what’s on offer. The demo account offers full access to MT4, as well as to the full array of tradable assets, not to mention real-life volatility and prices.

There are five varieties of live account. Each is accessed through the same Tickmill login portal but offers different T&Cs.

  • Classic Account – This is the most accessible account. It is an entry-level account aimed at those looking to get into the game cheaply, and without having to pay commissions. The Tickmill minimum deposit for this account is 100 base currency (EUR, USD, GBP and PLN are all accepted). The maximum available leverage is 1:500 and the spreads start from 1.6 pips. Trade execution is of the NDD variety.
  • Pro Account – This is quite an improvement in regard to spreads. While it does feature a commission of 2 per side per lot, its spreads start from 0 pips. The maximum available leverage is 1:500 on this account.
  • VIP Account – The minimum balance for this account is 50,000 base currency, which means that this option is not for everyone. The spreads start from 0 pips on this account and the maximum available leverage is 1:500. Commissions are ultra-low and start from just 1 per side, per lot.
  • Professional Clients – There are improved T&Cs for those putting through high trading volumes. Criteria to qualify include a minimum portfolio size of EUR 500,000; trading volume of at least 10 trades per quarter, over the previous four quarters; and you are required to have worked in the financial sector for at least a year, in a relevant position.
  • Islamic Account – This is a swap-free option that is fully Sharia law-compliant. Those who want to set up such an account have to open a regular account, as described above, after which they have to request the conversion of this account into an Islamic one.

Trading conditions offered by the Islamic account are the same as those available through the above-mentioned regular accounts.

The required margin for hedging positions on the ClassicPro and VIP accounts is 0. Scalping is allowed and there are no time limitations for keeping the positions open.

There are three base currencies to choose from and negative balance protection rules apply. Deposits can be made through an impressive range of accepted methods, such as Bank Wire, Visa, Mastercard, Neteller, Skrill, FasaPay, paysafecard, Qiwi, UnionPay, DotPay and GlobePay.

There are no commissions charged on most deposits and withdrawals. One exception is Bank Wire, where charges are applied to small transactions but can be avoided if you make a deposit larger than US$5,000.

Education

Tickmill offers a great range of materials to help traders build up their knowledge and therefore trade safely. There are webinars, tutorials, seminars, eBooks, infographics, glossaries, articles and insights.

tickmill seminars

There are also dedicated sections to technical and fundamental analysis. All of this ‘how-to’-style material is backed up by other services, such as Autochartist, which helps identify actual trading opportunities.

tickmill market analysis

Customer Service

Tickmill support is available during business hours, Monday to Friday. This coverage is not as extensive as it could be, but our review team found the staff to be professional, informed and client-focused.

Final Thoughts

Asset prices go up and asset prices go down. No matter how experienced a trader you are, ‘market risk’ is unavoidable.

The important thing is that traders exploit those things that they can control, and broker selection is high up on that list.

Choosing a safe, reliable broker that is well regulated and has been operating for many years is a good first step. Tickmill is firmly in that category, and also offers a lot of other neat and innovative features. It even intermittently offers a $30 bonus scheme to help novice traders try trading with real funds, but in small size, and that are given to them by the broker.

tickmill bonus

As the regulatory framework that Tickmill has put in place is well above average, it’s worth concluding this review with confirmation that the behind-the-scenes infrastructure makes it a safe and reliable broker.

The online broker sector is a competitive one and Tickmill stands out for giving traders everything they need, and nothing they don’t.

Broker Details

The Tickmill group of companies owns and operates Tickmill.com, a multi-asset, multi-regulated CFD broker. The group companies include Tickmill UK Ltd, regulated by the Financial Conduct Authority (FCA); Tickmill Europe Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC); and Tickmill Ltd, regulated by the Seychelles Financial Services Authority (FSA).

Coming under the legislative framework of MiFID II, the broker is authorised to provide services across countries in the European Economic Area (EEA) and beyond. If you are a retail client residing in Europe or the UK, you automatically come under the protection of the Investor Compensation Fund (ICF) or the Financial Services Compensation Scheme (FSCS).

FAQ

How can I open a demo account with Tickmill?

Demo accounts, in desktop and mobile app format, are free to use and downloadable here.

Is Tickmill a regulated broker?

Yes. As Tickmill is a global broker, the regulatory protection that applies to clients will depend on where they live. Regulators that Tickmill are authorised by include the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Services Authority (FSA) and the Labuan Financial Services Authority (Labuan FSA).

What bonus terms does Tickmill offer?

These change from time to time, but one offer that regularly pops up is the $30 Welcome Account, where the broker credits your account with $30 and lets you keep any profits.

How do I withdraw money from Tickmill?

To comply with regulations, Tickmill requests clients to return funds to the account that made the initial deposit. The good news is that unlike a lot of other brokers, Tickmill does not apply charges on these transactions.

Compare with other forex brokers

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Justin Freeman

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