Tickmill

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	Official Website
Popularity
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	✅
CopyTrading	✅
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	Official Website

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Pros and Cons

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.

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 (EAs)
• 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

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

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 a variety of 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.

User Reviews

Featured Broker Video

Frequently Asked Questions (FAQ)

Resources

• Official Website
• Twitter
• Trustpilot
• YouTube
• LinkedIn
• Facebook
• Instagram

Our experts

This article has been written, edited and reviewed by the following members of our team:

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.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Alternatives

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Last update: April 27, 2024