Tickmill

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Popularity popular broker
Leverage 1:500
Minimum Deposit $100
Regulation ASIC, CySEC, FCA
Payment Methods Bank Transfer, Credit Card, Skrill, Neteller, PayPal
Trading Assets Forex, Commodities, Indices, Stocks, Cryptocurrencies
MT4
MT5
Spreads Extremely low
Average cost: EUR/USD 0.1 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10 after 12 months of inactivity
Year Established 2014
Address 1 Fore Street, London EC2Y 9DT, United Kingdom
Contact Information Email: [email protected], Phone: +44 203 608 6100
Mobile Trading APP
Rating ★★★★★ 4.8
Website

Pros and Cons

Pros
  • Extremely low spreads, starting from 0.0 pips
  • Regulated by multiple top-tier authorities
  • Wide range of trading instruments
  • No deposit or withdrawal fees
  • Advanced trading platforms (MT4 and MT5)
Cons
  • ZuluTrade not available
  • Inactivity fee after 12 months
  • Limited educational resources for beginners
  • Scalping may not be suitable for all traders
  • Not available in the USA

Introduction

In the ever-evolving world of online trading, Tickmill emerges as a distinguished broker that caters to a global clientele, offering a comprehensive suite of trading instruments across various asset classes.

Renowned for its transparent trading environment and client-centric approach, the company has secured a solid reputation among traders, ranging from novices to seasoned professionals.

This review delves into the multifaceted aspects of trading with Tickmill, shedding light on its platforms, account types, asset offerings, and much more, providing you with a panoramic view to make an informed decision.

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Company Background

Tickmill commenced its journey in the financial markets in 2014, with a clear mission to provide retail and institutional clients around the world with an exceptional trading environment.

It operates under the regulatory umbrella of several reputable authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA), among others.

This robust regulatory framework underscores its commitment to upholding the highest standards of transparency and client fund security.

Trading Platforms

MetaTrader 4 (MT4)

MT4 stands as the cornerstone of its trading platforms, renowned for its user-friendly interface, advanced charting tools, and algorithmic trading capabilities. It offers:

  • Real-time market quotes
  • A plethora of technical analysis tools
  • Automated trading through Expert Advisors (EA)
  • Customizable alerts to stay informed of market changes

MetaTrader 5 (MT5)

As the successor to MT4, MT5 enhances the trading experience with:

  • Additional timeframes and technical indicators
  • An integrated Economic Calendar
  • Improved order handling for more precise execution
  • Enhanced strategy tester for EAs

Comparison Table: MT4 vs. MT5

Feature

MT4

MT5

Timeframes

9

21

Technical Indicators

30

38

Economic Calendar

No

Yes

Order Execution Types

3

4

Strategy Tester

Single Thread

Multi-thread

Market Depth

No

Yes

Mobile Trading

Tickmill understands the need for mobility in today’s trading, offering robust mobile applications for both MT4 and MT5 platforms.

Traders can enjoy:

  • Full trading functionality on-the-go
  • Real-time access to market quotes
  • Comprehensive account management features

Account Types

The broker caters to a diverse clientele with different trading needs and preferences by offering various account types:

  • Classic Account: Ideal for beginners, offering commission-free trading with a minimum deposit of $100.
  • Pro Account: Designed for experienced traders, this account features low spreads starting from 0.0 pips with a $2 per side commission.
  • VIP Account: Tailored for high-volume traders, providing the most competitive conditions, including a minimum balance requirement of $50,000.

Account Comparison Table

Account Type

Minimum Deposit

Spreads Starting From

Commission

Classic

$100

1.6 pips

$0

Pro

$100

0.0 pips

$2 per side

VIP

$50,000

0.0 pips

Negotiable

Discover all bonuses

Tradable Assets

Tickmill offers a diverse range of trading instruments, catering to the varied interests of its clientele.

Traders can explore opportunities across different markets, including:

  • Forex: Access to over 60 currency pairs, from major pairs like EUR/USD to exotic pairs.
  • Stock Indices: Trade on global stock indices without the need for physical stocks.
  • Commodities: Includes precious metals such as gold and silver, alongside energy commodities like oil.
  • Bonds: Opportunity to trade on government bonds, a less volatile option for traders.
  • Cryptocurrencies: A selection of the most popular cryptocurrencies is available for trading.

This array of assets ensures traders can diversify their portfolios and hedge against risks inherent in different markets.

Spreads, Fees, and Leverage

Spreads are highly competitive, with the Pro and VIP accounts offering spreads starting from 0.0 pips.

The Classic account, while commission-free, has higher spreads starting from 1.6 pips.

Fees are transparently laid out, with no hidden charges.

A notable mention is the absence of deposit and withdrawal fees, making financial transactions cost-effective for traders. However, an inactivity fee is charged after 12 months of non-use.

Leverage varies by asset class and client categorization, up to a maximum of 1:500 for professional clients.

Retail clients have lower leverage limits due to regulatory protections, which helps manage risk effectively.

Deposits and Withdrawals

Tickmill simplifies the funding process with more than 20 payment methods, including:

  • Credit/Debit Cards
  • Bank Wire Transfers
  • E-Wallets (Skrill, Neteller, and more)

Minimum deposits start at $100, making it accessible for most traders.

The withdrawal process is streamlined, with requests typically processed within one business day, though the time to funds’ receipt may vary based on the withdrawal method.

Customer Support

The company prides itself on exceptional customer service, available 24/5.

Support channels include:

  • Live Chat: For immediate assistance.
  • Email: Detailed queries can be addressed with a comprehensive response.
  • Phone: Direct contact for urgent support needs.

Support is available in multiple languages, catering to its global clientele.

Educational Resources and Tools

The broker invests in trader education and provides a wealth of resources:

  • Webinars and Seminars: Live sessions covering a range of trading topics.
  • E-Books and Articles: Written materials to deepen trading knowledge.
  • Video Tutorials: Visual guides on using trading platforms and strategies.

Additionally, it offers advanced trading tools like an economic calendar, market insights, and analysis to help traders make informed decisions.

Safety and Security

  • Regulatory Compliance: Tickmill’s adherence to stringent regulatory standards by multiple financial authorities ensures a high level of transparency and security.
  • Fund Segregation: Clients’ funds are kept in segregated accounts with top-tier banks, separate from the company’s funds.
  • Negative Balance Protection: Retail clients benefit from negative balance protection, safeguarding them from owing more than their account balance.

Customer Reviews and Market Reputation

Tickmill’s reputation in the market is solid, with many traders praising:

  • The competitive spreads and low trading costs.
  • The range of trading instruments available.
  • Efficient customer support.

While most feedback is positive, some users have expressed a desire for more extensive educational resources for beginner traders.

Conclusion

Tickmill stands out as a broker committed to providing a transparent and reliable trading environment.

With competitive spreads, a diverse range of tradable assets, and robust customer support, Tickmill caters to traders of all levels.

While it continues to expand its educational resources, the broker already offers a solid foundation for traders to navigate the markets successfully.

Whether you’re a beginner or a seasoned trader, the broker offers a trading experience that combines efficiency, security, and accessibility.

This comprehensive review covers the essential facets of trading, and aimed at giving prospective traders a clear insight into what to expect.

By focusing on the needs of its clients and continuously improving its services, Tickmill has cemented its position as a respected player in the online brokerage space.

Visit www.secure.tickmill.com

User Reviews

“I’ve been trading with Tickmill for over a year now, and I must say their spreads are truly unbeatable. The platform is user-friendly, and their customer service is always helpful. Withdrawals are processed quickly, which is a massive plus. However, I do wish they offered more resources for beginner traders like myself.”
Elena Smith
“Tickmill’s execution speed is impressive, and their MT4 and MT5 platforms are stable and reliable. I’ve used several brokers, and this one stands out for their low spreads and transparent fee structure. While the inactivity fee is a downside, regular traders won’t be affected.”
Marco Johnson
“As a scalper, finding a broker that allows this strategy and offers low spreads is critical. Tickmill ticks all the boxes for me. The only drawback is the lack of ZuluTrade, but the benefits far outweigh this minor issue.”
Linda Martinez
“Trading with Tickmill has been a smooth experience. Their customer support is always ready to assist, and the fact that they are regulated by numerous authorities gives me peace of mind. I’d recommend Tickmill to anyone looking for a reliable forex broker.”
Raj Patel
“I started with a Tickmill demo account and was so impressed with the platform that I switched to a real account. The transition was seamless, and their educational materials helped me a lot. Their spreads are some of the lowest I’ve seen.”
Sophia Chen

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Frequently Asked Questions (FAQ)

What types of accounts does Tickmill offer?

It offers various account types to suit different trader needs, including Pro, Classic, and VIP. Each account type has its own set of conditions, such as spread starting points, minimum deposit requirements, and leverage.

Is Tickmill regulated?

Yes, the broker is regulated by several top-tier authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).

Can I trade cryptocurrencies?

Yes, Tickmill offers trading on a selection of cryptocurrencies alongside forex, stocks, indices, and commodities.

Does the broker offer educational resources?

Tickmill provides a range of educational resources, including webinars, seminars, e-books, and articles to help traders improve their trading skills. However, the resources may be more suited to intermediate and advanced traders.

How can I deposit funds?

Tickmill accepts various payment methods for deposits, including bank transfers, credit/debit cards, Skrill, Neteller, and PayPal. The broker does not charge any deposit fees.

Is there a demo account available?

Yes, Tickmill offers a demo account for traders who wish to practice their trading strategies risk-free with virtual funds.

What is the minimum deposit?

The minimum deposit varies depending on the account type. For a Classic account, the minimum deposit is $100.

Resources

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Last update: June 4, 2024