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, FSCA, Seychelles FSA, Labuan FSA
  • 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: 60+

Is Tickmill a safe broker?

YES
Our experts have assessed this broker and confirmed that Tickmill is a safe broker.
👍 Pros
👎 Cons
Top tier regulation Limited range of markets
Low fees and tight spreads Doesn't offer its own trading platform
Range of account types
Bonus offer for ForexFraud visitors
$30 Welcome Account
Get Bonus : 66% of retail C...

tickmill start trading

Tickmill continues to grow from strength to strength by offering traders just what they need to be successful in the markets.

The firm’s status as a trusted broker continues to be developed and the Tickmill Group of companies are now regulated by five different and well regarded authorities, including the FCA, and CySEC. In fact, Tickmill complies with regulations to a degree that is well above market average, and is a profitable and viable company.

Rating Overview

Feature
Tickmill Ltd
Overall rating 4.9 ⭐⭐⭐⭐
Regulation 5 ⭐⭐⭐⭐⭐
Fees 4 ⭐⭐⭐⭐
Range of Markets 5 ⭐⭐⭐⭐⭐
Platforms 4 ⭐⭐⭐⭐

One detail which offers an example of high-grade client protection, and which could be overlooked, is that Negative Balance Protection (NBP) applies on ECN trading. NBP protection means traders can’t lose more than their initial stake and most brokers don’t offer it on ECN trades because they are executed in the heart of the market.

This secure framework acts as a base for some of lowest cost trading in the market with trade execution backed up by some very impressive behind the scenes infrastructure designed to offer the best access to the financial markets.

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 and depending on their location these clients can take advantage of promotional offer and bonus sign up deals.

There is also the impressive collection of industry awards to consider. In 2021 Tickmill won the #1 Broker for Commissions and Fees’ award at the Annual Forex Broker Review and Best Forex Trading Experience at the Global Forex Awards.  A quick scan of online feedback from the trading community also gives a glimpse of the strength of Tickmill’s fan base. This is backed up by review site Trustpilot recording that 82% of reviews mark Tickmill as ‘Excellent’ or ‘Good’.

tickmill review

The complimentary research and analysis services are a real plus point for Tickmill. Sentiment monitor Acuity has recently been added to Autochartist and Myfxbook as tools which can be used to develop and enhance trading ideas.

The Tickmill Trading Experience

The Tickmill trading platform is set up to provide reliable, low-cost, super-fast trading, in a wide range of popular markets. Trying out the trading platform using a Tickmill demo account is a risk-free way to find out just how good the trading experience can be..

In terms of dashboard functionality, it’s to Tickmill’s credit that the range of extra Tickmill support services complement, rather than get in the way of the trading experience. Research and learning materials are plentiful but set out in their own area of the site. They 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 optimising trade entry and exit points.

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 2000 employees. Reports show that it has executed more than 385m trades and records monthly trading volumes well above $195bn.

tickmill registration

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.

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.

Once set up it’s possible to trade a wide range of asset groups. Markets supported include, forex, stock indices, cryptocurrencies, and commodities with stock trading via the MT5 platform reported to be available soon.

tickmill market analysis

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 predetermined default levels.

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

By offering traders the choice of MetaTrader’s MT4 and MT5 platforms Tickmill provides access to the most popular retail forex platforms in the world. MT4 been used by millions of traders for many years and is very much the benchmark by which other platforms are measured. MT5 is the second-generation version of the platform and introduces a range of innovative features and markets.

Both are available in desktop, Web Trader and app format for Android and iOS mobile devices. MetaTrader platforms are the gold standard in online trading. They are fully customisable and provide trading environments packed full of technical indicators, custom scripts and the CopyTrading possibilities associated with 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, Acurist and Autochartist.

Hedging and scalping strategies are allowed, which demonstrates that the platform is based on a high-quality IT infrastructure. The operator also 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. Awards won in 2021 include:

  • #1 Broker for Commissions and Fees – ForexBrokers.com Annual Forex Broker Review
  • Best Forex Customer Service – Global Tickmill
  • Best Forex Trading Experience – Asia Tickmill
  • Best Forex Trading Experience – Middle East Tickmill

Commissions & Fees

The brokerage offers a free-to-use, risk-free demo account, which gives traders a taste of what’s on offer. When stepping up to trading with real cash there are three varieties of trading account. Each is accessed through the same Tickmill login portal but offer slightly 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. 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.

Scalping is allowed and there are no time limitations for keeping the positions open.

All of the three types of account are available in a swap-free format which 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.

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.

Compare Tickmill Ltd with other approved brokers

Broker Comparison Table
  Tickmill Ltd Ava Capital Markets Ltd Plus500 eToro
RegulationFCA, CySEC, FSCA, Seychelles FSA, Labuan FSAASIC, MiFID, FSA, FSCAFCA, CySEC, ASIC, FSAFCA, CySEC, ASIC, FinCEN, Seychelles FSAS,
Customer Supportemail, phone, live chatemail, phone, live chatemail, phone, live chatemail, phone
Trading PlatformsMT4, MT5, Mobile AppsMT4, MT5, Mobile Appdesktop and mobile via brokers own platformdesktop and mobile via brokers own platform
Minimum Deposit$100$100100GBP/AUD/EUR/USD$200
Leverage1:500400:11:30 (1:300 Plus500AU Pty Ltd)From 1:2 to 1:30
Total Markets88126018962368
Total Currency Pairs64556149
Total Cryptocurrencies3171937

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

Beginner traders are welcomed with a free 46-page eBook titled ‘The Majors – Insights and Strategies’. This covers topics such as how forex trading works, which are the key forex markets, different types of forex analysis and an introduction to popular trading strategies. Tickmill video resources also cover a wide range of topics from beginner level education to some which are designed to support more experienced traders. The videos are available for free to all clients.

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 help traders identify actual trading opportunities.

Customer Service

Tickmill support by email, phone and live chat. It takes a few minutes to get connected to its agents through phone and live chat. However, emails may take up to 48 hours. Tickmill customer service agents are contactable Monday through Friday, 07:00-20:00 GMT/GMT+1 during daylight saving time.

This coverage is not as extensive as it could be, but our review team found the staff to be professional, informed and client-focused. An added bonus is that customer support is available in a variety of languages including Chinese, Indonesian, Russian, Vietnamese and Spanish.

Final Thoughts

tickmill bonus

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 trusted and reliable broker which 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 $30 is provided by the broker.

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.

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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