Tickmill Forex Trade Platform and Broker Review

Tickmill Forex Trade Platform and Broker Review

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Tickmill Broker Review

Tickmill is an award-winning ECN broker headquartered in London that offers to trade in forex, commodities, and indices. 

Tickmill Ltd was founded in 2014 and is a member of the global Tickmill Group. Today, the broker operates in over 200 countries with an average monthly trading volume of 121bn+. Tickmill has multiple offices worldwide with over 200 staff and more than 50 000 customers.

Overall Rating

4.7/5

Rated #3 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

62

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Is Tickmill Regulated?

Yes, Tickmill UK Ltd is regulated in the UK by the Financial Conduct Authority (FCA) and as a trading name of Tickmill Ltd, also regulated by the Seychelles Financial Services Authority (FSA).

Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), Tickmill Asia Ltd is authorized and regulated by the Labuan Financial Services Authority, and Tickmill South Africa (Pty) Ltd, is authorized and regulated by the Financial Sector Conduct Authority (FSCA).

Tickmill’s regulations guarantee the highest standards of safety for clients’ funds, ensuring that they are kept in major international banks and are fully segregated from the company’s own funds. 

Is Tickmill Regulated in the United States?

No, Tickmill is not regulated in any state of the United States. 

Is Tickmill Regulated in Europe?

Yes. Tickmill UK is regulated in Europe by the Financial Conduct Authority (FCA) and Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Is Tickmill regulated in a Tier-1 Jurisdiction?

According to the Tickmill website, Tickmill is regulated in one tier-1 jurisdiction. Tier-1 jurisdiction gives Tickmill license to operate in specific countries, which consist of Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is Tickmill regulated in Tier-2 Jurisdiction?

According to the official Tickmill sources, Tickmill is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions. Tier-2 jurisdiction gives Tickmill license to operate in the following countries: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in Tickmill?

Tickmill offers traders the MetaTrader 4 platform and a WebTrader. 

MetaTrader 4

  1. Tickmill’s MT4 platform is fully customizable and designed to give a trading edge.
  2. The platform provides a user-friendly and highly customizable interface and sophisticated order management tools to control positions quickly and efficiently.
  3. MT4 offers enhanced charting functionality, indicators and supports MQL language for easy programming of indicators and Expert Advisors (EAs) to trade the Forex market without intervention.
  4. Traders can use this globally recognized trading platform with spreads from 0 pips and 0.20s execution.
  5. Further features of Tickmill’s MT4 includes:
    1. CFDs on Forex, Stock Indices, Commodities, and Bonds.
    2. Order executing with no partial fills, 
    3. EA trading facilities by using VPS services.
    4. Advanced Technical Analysis, 50+ Indicators, and customizable charting in 39 languages.
    5. Trading signals with an advanced notification system. 

MT4 WebTrader

  1. The Tickmill MT4 WebTrader is an online platform that gives traders quick and easy access to the market without a need for additional software, downloads, or installations.
  2. Trading is more accessible since WebTrader is available directly in your browser.
  3. In one click the platform opens up in a new window to give instant access to trading anywhere, anytime.
  4. Tickmill’s Web Trader gives a reliable and intuitive interface, enhanced by secure encryption of transmitted data.
  5. Traders can use this globally recognized trading platform directly in their browsers with spreads from 0 pips and 1.5s execution.

Does Tickmill Have a News Blog for Forex News?

Yes, Tickmill has a free news blog available on its official website where real-time news is scrolled all the time, complementing a number of recently published articles by the Tickmill research team.  

Does Tickmill Have a Traders Dashboard?

Yes, Tickmill has a Traders Dashboard that gives traders a continuous overview of contemporary market events and updates on the most recent news from the currency markets.

Does Tickmill Have an Educational Section?

Yes, there is a comprehensive education section for Forex Traders on the Tickmill website. The educational content covers an extensive amount of knowledge and advice and most of it is available to anyone visiting the Tickmill website. 

What is the content of Tickmill Forex Education?

Dozens of topics are covered in the Tickmill educational section, which is published under various categories like webinars, seminars, eBooks, video tutorials, infographics, articles, and a forex glossary.

Webinars 

 Webinars are offered in different languages and cover topics like the following: 

  1. Täglich neue Handelsideen (German – New trading ideas every day)
  2.  Desmistificando o Trading (Portuguese – Demystifying Trading)
  3.  Weekly Live Market and Trade Analysis
  4.  Análisis del ganador del Trader del mes (Spanish – Trader of the month winner analysis) and many more.

Forex seminars 

Forex seminars led by acclaimed industry experts help to strengthen traders’ trading skills. At previous seminars or workshops topics like the following were discussed: 

  • Outperformance (in Dortmund)

  • Educational Seminar on Forex Trading and Strategies in Depth (in Kyiv) 

  • Forex Seminar on “Master the Art of Trading” (in Vietnam) and several more. 

Forthcoming seminars are announced on the website

eBooks

Traders can discover some of the most relevant trading strategies, ideas, and insights in the free eBooks on the website.

Lectures on the following topics are offered:

  1. Introduction to Fibonacci Analysis – Learn how to use one of the most popular methods of technical analysis for optimal results. 
  2. Knowing Your Trading Costs – Learn how to effectively accommodate your transaction costs.
  3. An In-Depth Look at Risk Management​ – Learn how to control your risk exposure and increase profitability, and many more.

Video Tutorials

Video tutorials consist of interactive training courses that help traders to get a firm grasp on online trading and the financial markets. It covers the following topics:

  1. Forex Trading
  2. Market Analysis
  3. Trading Psychology
  4. Trading Strategies
  5. Social Trading
  6. Stocks
  7. MT4
  8. CFDs
  9. Managed Accounts
  10. Technical Indicators 

Infographics 

Traders can check out lots of infographics to discover financial insights and useful tips on trading. There are visual data, charts, and statistics on topics like the following:

  1. The Second Wave of COVID-19 – A detailed look into key facts, possible scenarios and impact on financial markets. (January 
  2. US Elections: What, Where, When – Everything you need to know about the 2020 US presidential election and the anticipated market impact. (October 2020)
  3. Global Economic Impact of COVID-19 – COVID-19 and its Impact on the Global Economy… Presenting the Facts and Figures. (April 2020)

Articles 

Topics like the following are available in a series of articles:

  1. Key Economic Events and Reports for the Week Ahead
  2. BoE’s Head Bailey: There is a Recovery but it’s Uneven
  3. US: Consumer Spending too Fragile to not Extend Fiscal Stimulus
  4.  USD/RUB: Potential Drop Ahead?
  5.  Is the EURUSD Poised to Gain More?
  6.  Gold’s Renewed Momentum Hints Markets are Worried about US Inflation

This represents a comprehensive educational offering from which novices, as well as intermediary traders, will benefit, especially when used together with the Fundamental and Technical Analysis and Market Insights also offered on the website.

Forex Glossary

A Forex glossary concludes the educational section. This A-Z glossary explains the industry’s most important terms and traders can discover a wealth of financial terms and definitions by using it. 

Is Tickmill Legit?

Yes, Tickmill is a legit Forex Broker. The broker is regulated in the UK by the Financial Conduct Authority (FCA) and as a trading name of Tickmill Ltd, also by the Seychelles Financial Services Authority (FSA). Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), Tickmill Asia Ltd is authorized and regulated by the Labuan Financial Services Authority, and Tickmill South Africa (Pty) Ltd, is authorized and regulated by the Financial Sector Conduct Authority (FSCA).

Is Tickmill Safe?

Tickmill is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in several global jurisdictions, as described below:

Although Tickmill is not publicly traded and does not operate a bank, it is authorized by one tier-1 regulator (Financial Conduct Authority (FCA), a high trust regulator), two tier-2 regulators (average trust), and no tier-3 regulators (low trust). 

Tickmill’s internal systems are FSA compliant, with client funds held in segregated accounts and the broker adheres to industry safety standards regarding secure deposit and withdrawal options. Negative balance protection is available to all clients.

Overall Rating

4.7/5

Rated #3 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

62

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Is Tickmill a Good Broker?

Yes, Tickmill is a good broker according to this Forex Suggest review. Tickmill is a regulated broker, offers the trustworthy MT4 trading platform, a suite of additional resources, plus multiple account options. As ECN brokers, clients benefit from lower fees and operate in a more transparent trading environment.

What is the Offering of Investment in Tickmill?

Offerings of Tickmill are as below.

Feature Tickmill
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) No
Social Trading  Yes

Does Tickmill have Nasdaq?

Yes, Tickmill clients can trade on the NASDAQ, the global electronic marketplace for buying and selling securities created by the National Association of Securities Dealers (NASD). The Nasdaq100 consists of the traded shares of the largest 100 companies by market capitalization on the exchange. 

What are the Awards of Tickmill?

Forex Trading company Tickmill’s awards are listed below.

  1. Best Broker for Commissions and Fees – ForexBrokers.com Annual Forex Broker Review
  2. Best Commodities Broker 2020 – Rankia Markets Experience Expo
  3. Best Trading Experience 2020 – Forex Brokers Award
  4. Most Reliable Broker – Online Personal Wealth Awards
  5. Best Forex Education Provider – Global Brands Magazine
  6. Best Trading Conditions – Shares Awards
  7. Best Forex Execution Broker 2019 – CFI.co Awards
  8. Best CFD Broker Asia 2019 – International Business Magazine
  9. Best Forex CFD Provider 2019 – Online Personal Wealth Awards
  10. Best Commodities Broker

How to Use Tickmill for Forex trading?

A forex trader should open an account with Tickmill to use the broker’s services and will need the following for that:

  1. A copy of identification documents
  2. They must be 18 years or older
  3. They should be able to afford the minimum deposit of $ 100

A trader that meets the conditions above, can open a forex trading account and start using Tickmill. 

How to open a Forex trader account with Tickmill?

To open a Forex Trading account with Tickmill, a trader should start by following the link on top of the website and proceed through the following steps:

  1. Click the ‘Create Account’ button to navigate to the first page for Client Area Registration. Fill out the form with your name, country of residence, client type, preferred communication language, and instruments you want to trade. 
  2. Provide an email address and proceed to the second page to complete registration with information on your occupation and education level, financial status and investment plans, and trading experience.
  3. Complete the identity verification by uploading digital copies of your documents.

What are the Forex Trader Account Types with Tickmill?

According to the Tickmill website, clients can choose between 5 different account types, which are listed below: 

  1. Demo Account.

  2. Classic Account

  3. Pro Account

  4. VIP Account

  5. Islamic Account

 

  • Demo Account

The free demo account offers traders trading in real-time, with tools and strategies to test and sharpen their trading skills in a completely risk-free environment. It is a full-featured account with which traders can explore the full suite of customizable tools and features that the MT4 platform provides to trade 80+ trading instruments across 4 asset classes.

  • Classic Account

The classic account offers trade-in CFDs on 62 currency pairs, major stock indices, oil, precious metals, and bonds, with variable spreads starting from 1.6 pips and no commissions. It is suitable for novice and experienced traders and offers ultra-fast order execution using virtually any trading strategy. It has the following features:

  • The minimum deposit is $100
  • Available Base Currencies are USD, EUR, and GBP
  • Spreads start from 1.6 pips 
  • Max Leverage is 1:500
  • Min Lots – 0.01
  • Zero Commissions
  • All Strategies Allowed
  • Swap-free Islamic Account option available

 

  • Pro Account

The Pro Account is designed with advanced features and optimal conditions for experienced traders. They can trade CFDs on 62 currency pairs, major stock indices, oil, precious metals, and bonds, with fluctuating spreads starting from 0.0 pips. Traders pay a commission of 2 currency units per side per lot (0.0020% notional) on the Pro account in the base currency of the trading instrument.  Other features include:

  • Minimum Deposit of $100
  • Available Base Currencies are USD, EUR, GBP
  • Spreads start from 0.0 pips 
  • Max Leverage is 1:500
  • Min Lots – 0.01
  • Commissions – 2 per side per 100,000 traded
  • All Strategies Allowed
  • Swap-free Islamic Account option available 

 

  • VIP Account

The VIP account is an exclusive account for high volume traders looking for competitive pricing while trading CFDs on 62 currency pairs, major stock indices, oil, precious metals, and bonds with spreads starting from 0.0 pips.

Account-holders will pay a commission of only 1 currency unit per side per lot (0.0010% notional) in the base currency of the trading instrument. Other features are:

  • Minimum Balance of $50,000
  • Available Base Currencies: USD, EUR, GBP
  • Spreads: From 0.0 pips 
  • Max Leverage: 1:500
  • Min Lots: 0.01
  • Commissions: 1 per side per 100,000 traded
  • All Strategies Allowed
  • Swap-free Islamic Account option available.

 

  • Islamic Account

Tickmill offers swap-free options that are compliant with Sharia law on all the above account types.

Muslim clients can benefit from Tickmill’s trading conditions by opening an account with the broker and then converting it to an Islamic type. The Islamic account will have the same trading conditions and terms as a regular trading account, but instead of swaps on trading instruments, a handling charge is charged for holding exotic currency pairs overnight for more than three consecutive nights.

The Tickmill support team will process requests for Islamic account status within one business day. Any subsequent trading accounts opened at Tickmill by the trader will be automatically classified as swap-free too.

How to Withdraw Money from Tickmill?

When withdrawing money from Tickmill, the withdrawal must be in the base currency of a trader’s trading account. The following steps are needed: 

  • Log in to your Client Area and choose the ‘Withdrawal’ button on the left of your dashboard.
  • Select which account you want to withdraw from. 
  • Select the method of withdrawal with the buttons on the right of the table. 
  • State the amount you would like to withdraw from that account. You may have to enter more information related to some of the withdrawal types. 
  • Read through the instructions, terms, and conditions carefully and check the box that confirms that you agree with the terms and conditions of payment operations.
  • Submit the request.

How many days do deposits take with Tickmill?

The number of days for deposits with Tickmill to clear depending on the payment method. Bank transfers can take one working day while debit/credit card or Skrill deposits are processed instantly. 

What are the costs and fees with Tickmill?

Trading Costs at Tickmill are published with ultimate transparency and entail spreads, swaps, and commission.

When trading, you’re given a ‘bid’ (or ‘sell’) price and an ‘ask’ (or ‘buy) price. The difference between the two prices is the spread. Swaps are the overnight interest charged to traders to hold a position open overnight. They will pay interest on the currency sold and receive interest on the currency bought. Commissions are charged on round trades and may not apply to all account types. 

The Forex Trading Fees with Tickmill accounts are: 

Classic Account

  • Spreads start from 1.6 pips 
  • Zero Commissions

Pro Account

  • Spreads start from 0.0 pips 
  • Commissions – 2 per side per 100,000 traded

VIP Account

  • Spreads: From 0.0 pips 
  • Commissions: 1 per side per 100,000 traded

What are the Trading Fees with Tickmill?

Tickmill does not charge deposit or withdrawal fees. Transaction fees up to 100 USD or equivalent are covered by the broker when a trader emails a copy of his bank statement or another confirmation document for the transferred deposit to the broker’s support team. The fees will then be paid back within a calendar month after the deposit was made.

Deposits larger than 5 000 USD or equivalent which are processed in one transaction by bank wire transfer, are covered by the broker’s Zero Fees Policy. 

Tickmill may charge a maintenance fee where there is a lack of trading activity on an account.

What is the minimum deposit in Tickmill?

The required minimum deposit into a Tickmill account is 100USD, EUR, or GBP.

What are the contract specifications in Tickmill? 

Feature Tickmill
Forex Trading Yes
CFDs 13
Forex Pairs 62
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  Yes

Does Tickmill have promotional offers?

Yes, Tickmill has some promotional offers like a Trader of the Month, Tickmill's NFP Machine, the IB Contest, and a $30 Welcome Account. 

Every month the top-performing trader is awarded a $1,000 prize. During every NFP week, one instrument is chosen, and traders challenged to guess its price on the MT4 platform. The correct guess earns $500 to the trader's account or if no one guesses correctly, the trader with the closest prediction will get a $200 prize. The IB contest IB Champions is exclusively for Introducing Brokers in Asia, ΜΕΝΑ, Latin America and other regions with a share of $65,000+ worth of cash prizes at stake.

Does Tickmill have a welcome bonus?

Yes, Tickmill pays a welcome bonus in the form of a $30 Welcome Account. New clients can trade with these free funds, without having to make any deposit and the profit earned is theirs to keep. 

Does Tickmill have a deposit bonus?

No, Tickmill does not offer deposit bonuses but the broker does offer a Welcome Account with a free $30 to new traders in most countries. 

Is there a commission-free trade bonus in Tickmill?

No, with Tickmill there is no commission-free trade bonus. The broker does however offer an account with zero commissions or commission from as little as 1 currency unit per side per 100,000 traded.  

Is there a VIP bonus in Tickmill?

No, Tickmill does not offer a special bonus to VIP traders, but they benefit from spreads from as low as 0.0 pips, maximum leverage of 1:500, and commissions of 1 currency unit per side per 100,000 traded. Stop and limit levels for VIP account users are zero.

Can you start trading with no money at Tickmill?

Yes, you can start trading with no money at Tickmill, since the broker offers a Welcome Account with a free $30 to new traders with which they can start trading.

How does leverage work with Tickmill?

One of the tempting factors of forex trading is the use of Leverage which allows you to use a small amount of capital to open and maintain a much larger position. Technically, leverage gives a trader access to a large sum while using a much smaller amount of their own funds, effectively borrowing the rest from the broker.

Traders can use a leverage ratio of 1: 500 with Tickmill. 

Overall Rating

4.7/5

Rated #3 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

62

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Where are the headquarters of Tickmill?

Tickmill Group consists of Tickmill UK Ltd, headquartered at 3rd Floor, 27 – 32 Old Jewry, London EC2R 8DQ, England, with offices of other subsidiaries in Limassol, Cyprus, Cape Town, South Africa, Mahe, Seychelles and Labuan, Malaysia.

Who is Tickmill’s CEO?

According to the Tickmill website, the CEO of Tickmill Global is Sudhanshu Agarwal. He previously held key positions at respected brokerage firms, such as GFT and AvaTrade in Australia. Agarwal has a master’s from a leading university in Australia and has been involved professionally in the markets for about two decades.

The CEO of Tickmill UK Ltd (United Kingdom) is Duncan Anderson and the CEO of Tickmill Europe Ltd (Cyprus) is Valerijus Ovsianikas. 

What are the social media accounts of Tickmill?

Traders can follow Tickmill on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

How many employees do work for Tickmill?

According to the Tickmill website, the company has over 200 employees worldwide.

What are the opinions about Tickmill?

Tickmill is seen as a solid online broker by several reviewers and lauded for its very competitive commission-based pricing for professionals. The broker however lacks in variety of platforms and offers a relatively small range of markets, unless a trader can afford the VIP account, which has highly competitive pricing and better offerings.

What are Tickmill Contests?

Tickmill does run a forex trading contest for brokers.

Traders can join its Global Race of IB Champions to win an exciting cash prize in the annual contest exclusively for Introducing Brokers in Asia, ΜΕΝΑ, Latin America and other regions. The Global IB Championship enables them to collect points based on their clients’ trading volume. This year’s contest runs from 15 February 2021 until 15 June 2021.

Does Tickmill have online support?

Yes, Tickmill offers online support to Forex traders. The support team is available Monday to Friday from 7:00 – 16:00 GMT via phone, email, and live chat (the chat logo is on the right of the homepage). Additional information can be found on Tickmill’s LinkedIn and YouTube platforms. 

Does Tickmill offer demo accounts for Forex trading?

Yes, all new traders can first open a full-featured demo account with Tickmill which offers them real-time trading in a completely risk-free environment. 

The demo account can be opened with a few easy steps:

  1. Navigate to the demo account registration portal by clicking the relevant tab on top of the broker’s website
  2. Complete the registration form with your personal information
  3. A confirmation email will be sent to you with which you can access the new demo account. 

Does Tickmill have a mobile app for Forex trading?

Yes, with Tickmill being a MetaTrader broker, iOS and Android versions of the MT4 app are available for download from the Apple iTunes store or Android Play store. The app retains almost all of the desktop features, so traders can analyze markets and price trends, and trade directly from charts. They can also deposit funds, withdraw profits and use offered bonuses.

Does Tickmill publish an economic calendar?

Yes, Tickmill publishes an economic calendar for traders to stay up to date with relevant economic events and information that is booked to be released, which may impact the currency markets. 

Tickmill’s economic calendar provides information on financial events, forecasts, and prior data.

What is the communication information of Tickmill?

The Tickmill website publishes the following contact details:  

Seychelles:

Sales Line: +852 5808 7849

Client Support: +852 5808 2921

Office: +248 434 7072

Registered Address:

3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles

Email: [email protected] 

LFSA – Labuan Malaysia 

Client Support: +6087-504 565

Registered Address: Office No. 5, Unit 25,1st floor Paragon Labuan, Jalan Tun Mustapha, 87007 Labuan F.T., Malaysia

Email: [email protected]