Tickmill
7.3

Tickmill

Cost-effective CFD trading with an award-winning, multi-regulated broker.

71% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 
What is a tickmill?

Tickmill, a new brokerand online trader since its establishment in 2014. The company has its headquarters in London, UK and offices in Seychelles. Tickmill is committed to providing a unique trading experience for its clients. It also understands the rights of traders as they are the main part of trade. Tickmill facilitates trading conditions continuously.

The broker is developing quickly and their annual achievements are impressive. Recent Tickmill management responsibilities have expanded as an additional part of the “Tickmill family” has been named Tickmill Europa Ltd (ex Vipro Markets Ltd).

Broker: Tickmill

Minimum deposit: 100 US$

Leverage: 1:30

Regulator: FCA. FSA. CySEC. FSCA

Year: 2014

Platforms: MT4, WebTrader

HQ: UK

Tickmill Licences:

  • Tickmill Ltd Authorized by FCA UK registration no.717270

  • Tickmill Ltd – authorized by FSA (Seychelles )registration no. SD008

  • Tickmill Europe Ltd (ex Vipro Markets Ltd – authorized CySEC in Cyprus -registration number. 278/15

  • Tickmill Asia Ltd is authorized by Labuan FSA Registration No. MB/18/0028

  • Tickmill (Pty) Ltd – Authorized by FSCA (SA), Registration no. FSP 49464

 
Overview

Tickmill is a highly regulated broker with a good reputation. They offer good trading conditions for professional or regular-sized traders and have a good reputation globally. Tickmill offers EA trading and has excellent learning and research resources.

The negative side is that proposals can vary depending on the entity. There is not 24/7 support and spreads for Forex are very low.

 
Pros
  • Demo account

  • Hedging & scalping

  • Straightforward login

  • Multiple promotional offers

  • Competitive average spreads

 
Cons
  • No Cent or Micro account

  • Spread betting unavailable

  • No MetaTrader 5 (MT5) platform

  • No cryptocurrency and Bitcoin trading

 
Rating of the company overall
  • Reliability ⭐⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐⭐

  • Commissions ⭐⭐⭐⭐

  • Support ⭐⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐

RATING: 4.7

 
 
Specifications
 
Headquarters UK
Regulation FCA, FSA and CySEC.
Instruments 62 currency pairs, cryptocurrencies, bonds, CFDs, precious metals, stock indices
Platforms Mt4, WebTrader
Spread EUR/USD 0.3%
Demo Account Available
Base currencies USD, GBP and EUR
Minimum deposit 100 USD
Education Trading Blog is a professional education center
Customer Support 24/5
“>
 
 
Awards

Tickmill, a relatively new company, has experienced rapid growth in just a few years. This has allowed the broker to be recognized by industry publications. This is a great step towards building a portfolio.

Tickmill also offers a variety of exciting promotions that can be used to increase trading and even improve the chances for beginning traders.

 
 
Is Tickmill a fraud or safe?

Tickmill isn’t a fraud. It is a trusted broker with a good reputation.

 
Is Tickmill legal?

Tickmill is a multi-regulated broker in various jurisdictions. is therefore considered safe to trade with. Tickmill is a Tickmill UK LTD and Tickmill Lt Seychelles regulated as a Securities dealer.

The broker is authorized and regulated both by the Financial Services Authority of Seychelles and the UK Financial Conduct Authority. Tickmill also expands to Asia and creates an entity to handle the proposal.

Tickmill Europe Ltd, which was previously Vipro Markets Ltd, has been added to the company line. It is licensed and regulated by Cyprus Securities and Exchange Commission and is a Member the Investor Compensation Fund (ICF).

 
 
 
Customer Protection

Tickmill ensures transparency and security of transactions by keeping clients’ funds in separate accounts with trusted financial institutions. This is per FCA regulations. Clients are also covered by the FSCS for investments up to PS50,000.

 
 
Leverage

As a UK-based regulated broker , Tickmill adheres to strict guidelines established by the European authority ESMA. The European regulator recently updated their guidelines to limit maximum leverage levels. This was because the ESMA identified a risk when very high leverage is used.

  • Tickmill Europe clients may leverage up to 1:5 for CFDs, 1:3 for Forex products and 1:10 for Commodities.

  • International traderssince Tickmill services entity through Seychelles as well as other entities, clients with an account opened under this jurisdiction can enjoy high levels of leverage.

 
 
Types of accounts

In TIckmill’s proposal there are three main Account types. You can choose from either a spread-only Classic Account or a Pro Account with commission per trade. VIP Account is the third account, which is for high volume traders. It is called this because it has specific terms and conditions.

The broker now offers an Islamic or Swap-Free account. These accounts are compliant with Sharia law. They have exactly the same trading terms and conditions as the Sharia, but no swap or rollover interest for overnight positions. This is against the faith.

 
How to open an account at Tickmill
 
 
 
Fees

You can choose from different pricing options depending on the type of account you have. Fee conditions can also vary depending on the regulations that are enforced by the broker. Also, make sure you verify any specific conditions. We will now examine the spreads and commissions that are determined by account type.

 
FeesTickmill FeesGO Markets FeesXM FeesDeposit FeeNoNoNoWithdrawal FeeNoNoNoInactivity FeeYesYesYesRanking of feesLowAverageHigh“>
 
Spreads

Tickmill pricing model, spread see table below. Prices and spreads are set according to account type. This will allow for lower costs as well as some commission per trade. We will compare Standard spread conditions with Pro accounts. Pro accounts have a 2 per side commission and interbank spreads starting at 0 pip.

As a cost, the overnight fee sshould also be considered. EURUSD swap is for long positions at -11.742, while it is for short positions at 6.693 US$.

Tickmill trading fees can be compared to other popular brokers Pepperstone.

Comparison of Tickmill fees and similar brokerages

 
Asset/ PairTickmill FeesGO Markets FeesXM FeesEUR USD Spread0.3%1.2 pips1.6 pipCrude Oil WTI Spread41.95Spread the Gold201.4 pip35“>
 
 
Trade Instruments

Tickmill Europe Ltd has been fully licensed to offer the investment services of Agency Only Execution. This provides high-grade trading instruments in 62 currency pairs, Cryptocurrencies. (Opportunity for trade CFD on Bitcoin with margin 20% and zero commission per side per 1 CFD).

Stock indices, bonds, CFDs, and precious metals have a minimum deposit of 25$. They also offer fluctuating spreads starting at 0.0 pip. There are some of the lowest commissions in this industry, as well as no requotes or delays.

 
 
Deposits and withdrawals

You can use the broker to deposit or withdraw money using various methods.

 
Deposit Options

You have many payment options, including bank transfers, credit/ debit cards, e-wallets Neteller and UnionPay. vn (only available for clients of Tickmill Ltd Seychelles), with currencies USD, EUR and GBP, PLN.

 
What is the minimum Tickmill deposit?

The Tickmill minimum investment is 100$. This is an excellent opportunity for traders of any size. In reverse, withdrawals are allowed up to 10$.

Tickmill Minimum Deposit vs Other Brokers

 

TickmillAll Other BrokersMinimum Deposit$100$500“>
 
Withdrawals

Your online account area allows you to submit requests, withdrawals, or deposits to Tickmill. Tickmill processes withdrawals within 1-2 days, as per regulatory obligations. Tickmill offers a no fee policy. This means that there are no fees or charges for monetary transactions. All deposits up to 5,000$ are covered, as well as any fees upto 100$.

 
 
Trade Platforms

The broker uses MT4, a well-tried and trusted platform, as his mainstay. Trading platform that is available on desktop, tablet, web and mobile devices. Tickmill also allows stop and limit orders that are close to market prices. This is a good feature.

 
ProsConsMT4 and WebTraderThere is no alternative platform or proprietary softwareCopy Trade, Social Trading, and Technical IndicatorsThere are no restrictions on the strategiesFast executionAvailable in different languages“>
 
 
Web Platform

The Web platform is extremely useful for any trade size, as it doesn’t require any installation and can be accessed right from your browser. However, the platform lacks many tools and drawing instruments. For a more comprehensive analysis, you will need a desktop version.

 
Desktop Platform

Every platform is unique, even MetaTrader4, because it is up to the broker to decide what features and proposals they want. Tickmill platforms now have a wide range of useful tools, including:

  • Autochartist is a powerful tool for technical analysis with an automatic recognition feature

  • Myfxbook AutoTrade allows you to follow the strategies of successful traders

  • One Click Trading – trading using EAs (according to company statistics, 63% of executes are made by algorithms and EAs).

  • Tickmill VPS – Keeps EAs and Signals Active Even When the Trader Is Offline

  • Forex Calendar – Market insights and news

  • Forex Calculators – displays currency converter, margin calculators, etc.

Tickmill is committed to helping their clients succeed trading. They do not place restrictions on profitability and allow all trading strategies, including scalping and arbitrage. However, you should verify any restrictions that may be placed on particular entities.

 
Mobile Platform
 
 
Customer Support

Tickmill also offers Customer Support. This team is available 24 hours a day and supports international languages via email and live chat.

However, customer service is not available on weekends so please use the contact form to send your request.

 
 
Education

A Tickmill proposal includes a Learning Center and a professional Trading Blog where traders can find the latest updates, educational materials and programs that will help them to improve their skills.

Live market analysis, technical analysis and online webinars are all available to all.

 
 
 
Conclusion

Tickmill is a company that welcomes clients with its attractive featuressuch a low minimum deposit and technical solutions. We also found some of the lowest spreads in Forex trading. The company is determined to reach its goals quickly and effectively, while Tickmill is a trusted and high-tech Forex broker that can help you start or gain new apex.

Tickmill Details

Currencies
Established

Ultra – fast execution from 0.1s
Low spreads from 0.0 pups
All trading strategies allowed

8.0
Platform Security
6.0
Buy Options & Fees
7.0
Services & Features
8.0
Customer Service
7.3 Overall Rating

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Tickmill
7.3/10