Tickmill Broker Review

Is Tickmill a scam?

Tickmill is regulated by several reputable financial regulatory authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). These regulatory bodies have stringent requirements that brokers must meet to operate under their jurisdictions. They aim to ensure that brokers operate in a transparent and fair manner and protect the interests of their clients.

Tickmill also maintains a high level of safety for its clients’ funds. The company holds client funds in segregated accounts, separate from their own operating accounts. This ensures that clients’ funds are protected in the event of the broker’s insolvency. Additionally, Tickmill is a member of the Financial Services Compensation Scheme (FSCS) in the UK, which provides compensation to eligible clients in case of the broker’s default.

Overall, Tickmill’s regulation and safety measures provide clients with confidence that they are trading with a reputable and secure broker.

Best Forex Brokers Ranking

Rank	Broker	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness	Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets	Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM	Open XM account	30$	MT4, MT5	5$	-
4	XTB	Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS	Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

Tickmill Trading Platforms

Tickmill offers several trading platforms to its clients, including:

MetaTrader 4 (MT4): This is a popular trading platform used by traders all over the world. It has a user-friendly interface and advanced charting tools, making it a popular choice among traders.
MetaTrader 5 (MT5): This platform is an updated version of MT4, with additional features and functionality. It offers advanced charting tools, more order types, and the ability to trade a wider range of assets.
WebTrader: This is a web-based platform that does not require any downloads or installations. It offers access to Tickmill’s full range of trading instruments and features, including advanced charting tools and real-time market analysis.
Tickmill Trader: This is a proprietary platform developed by Tickmill. It offers a customizable interface and a range of advanced features, including one-click trading, multiple order types, and advanced risk management tools.

Overall, Tickmill’s trading platforms cater to the needs of both novice and experienced traders, with a wide range of features and tools to help traders execute their strategies effectively.

Products Tickmill provides

Tickmill provides a range of products for trading, including:

Forex: Tickmill offers a range of major, minor, and exotic currency pairs for trading, with competitive spreads and fast execution.
Indices: Clients can trade on major global indices, including the US30, UK100, and Germany30, among others.
Commodities: Tickmill offers trading in popular commodities such as gold, silver, oil, and natural gas.
Bonds: Clients can trade on a range of government bonds from around the world, including US Treasury Bonds, German Bunds, and UK Gilts.
Cryptocurrencies: Tickmill provides trading in a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

Overall, Tickmill’s product offering provides clients with a diverse range of trading opportunities, allowing them to trade across a variety of asset classes and markets.

Tickmill account types

Tickmill offers three main account types:

Classic Account: This account is suitable for new traders, with a minimum deposit of $100. It offers competitive spreads starting from 1.6 pips, no commissions, and access to a wide range of trading instruments.
Pro Account: This account is designed for experienced traders, with a minimum deposit of $100. It offers raw spreads starting from 0.0 pips and a commission of $2 per side, giving traders access to some of the lowest trading costs in the industry.
VIP Account: This account is designed for high-volume traders, with a minimum deposit of $50,000. It offers bespoke services, including personalized support and trading conditions, with tight spreads and competitive commissions.

All account types come with access to Tickmill’s range of trading platforms, including MetaTrader 4, MetaTrader 5, and WebTrader, as well as a range of educational resources and market analysis tools.

Overall, Tickmill’s account types cater to the needs of a wide range of traders, from beginners to experienced professionals, providing competitive trading conditions and personalized support.

Tickmill trading fees

Tickmill’s trading fees vary depending on the account type and the instrument being traded. Here is an overview of the fees:

Spreads: Tickmill offers competitive spreads on all its account types, starting from 1.6 pips on the Classic account and 0.0 pips on the Pro account. Spreads can vary depending on market conditions and the instrument being traded.
Commissions: The Pro account charges a commission of $2 per side per lot traded. There are no commissions on the Classic account.
Swap rates: Tickmill charges swap rates on positions held overnight, which can be either positive or negative, depending on the currency pair and the prevailing interest rates.
Deposit and withdrawal fees: Tickmill does not charge any fees for deposits or withdrawals. However, clients may be subject to fees charged by their payment providers or banks.

Overall, Tickmill’s trading fees are competitive, with low spreads and commissions on the Pro account. Clients should be aware of the potential costs associated with holding positions overnight and any fees charged by their payment providers or banks.

Tickmill Funding and Withdrawal Options

Tickmill provides several funding and withdrawal options for its clients, including:

Deposit Options: Tickmill accepts deposits via bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and UnionPay. The minimum deposit amount varies depending on the payment method, ranging from $10 for e-wallets to $100 for bank wire transfers.
Withdrawal Options: Clients can withdraw funds via bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and UnionPay. The minimum withdrawal amount varies depending on the payment method, ranging from $10 for e-wallets to $100 for bank wire transfers.
Fees: Tickmill does not charge any fees for deposits or withdrawals. However, clients may be subject to fees charged by their payment providers or banks.
Processing Time: Deposits are typically processed instantly or within one business day, depending on the payment method. Withdrawals are processed within one business day, but may take longer to reach the client’s account, depending on the payment method and the client’s bank or payment provider.

Overall, Tickmill provides clients with a range of convenient funding and withdrawal options, with low minimum deposit and withdrawal amounts and no fees charged by the broker. Clients should be aware of potential fees charged by their payment providers or banks and the processing times associated with each payment method.

Tickmill’ promotions

Tickmill periodically offers promotions to its clients, including:

Welcome Bonus: Tickmill occasionally offers a welcome bonus to new clients who open and fund a trading account. The bonus amount varies depending on the promotion and the client’s account type.
Trading Rebates: Tickmill offers trading rebates to clients who meet certain trading volume requirements. The rebates are credited to the client’s account at the end of each calendar month.
Trading Contests: Tickmill hosts trading contests for its clients, with cash prizes for the top performers. The contests typically run for a specified period and have specific rules and requirements.
Refer a Friend Bonus: Tickmill offers a referral bonus to clients who refer friends or family members to the broker. The bonus amount varies depending on the promotion and the number of clients referred.

Clients should review the terms and conditions of each promotion carefully before participating, as there may be certain requirements or restrictions that apply. Overall, Tickmill’s promotions provide clients with opportunities to earn bonuses or cash prizes while trading with the broker.

Tickmill customer support

Tickmill provides customer support to its clients via several channels, including:

Live Chat: Clients can access live chat support on the Tickmill website 24 hours a day, 5 days a week. Live chat allows clients to quickly connect with a support representative and get answers to their questions.
Email: Clients can contact Tickmill’s support team via email at support@tickmill.com. Emails are typically answered within one business day.
Phone: Tickmill provides phone support to its clients in several languages. Clients can find the phone numbers for their region on the Tickmill website.
FAQ: Tickmill provides a comprehensive FAQ section on its website, which covers a wide range of topics, including account opening, funding and withdrawals, trading platforms, and more.

Overall, Tickmill provides clients with multiple channels of customer support, including live chat, email, phone, and a detailed FAQ section. Clients can expect prompt and helpful support from Tickmill’s team of experienced representatives.

Tickmill Educational Resources

Tickmill provides educational resources to its clients to help them improve their trading knowledge and skills. Here are some examples of the educational resources offered by Tickmill:

Webinars: Tickmill regularly hosts webinars on various trading topics, including technical analysis, fundamental analysis, trading strategies, and risk management. These webinars are led by industry experts and are available to Tickmill clients for free.
E-books and guides: Tickmill offers a range of e-books and guides on different aspects of trading, including forex trading, CFDs, and more. These resources are available for free to Tickmill clients and cover topics such as trading psychology, risk management, and technical analysis.
Video tutorials: Tickmill provides video tutorials on its website and YouTube channel, covering topics such as platform tutorials, trading strategies, and risk management. These tutorials are available to Tickmill clients for free and are designed to help clients improve their trading skills.
Market analysis: Tickmill provides daily and weekly market analysis reports, which cover major currency pairs, commodities, and indices. These reports include technical and fundamental analysis, as well as market news and insights.

Overall, Tickmill offers a range of educational resources to help clients improve their trading knowledge and skills. Clients can access these resources for free and can use them to develop their trading strategies and improve their trading performance.

Pros and cons of Tickmill

Pros of Tickmill:

Regulated broker: Tickmill is a regulated broker, which means it operates under the supervision of reputable financial authorities, providing clients with a higher level of safety and security.
Low trading fees: Tickmill offers competitive trading fees, with tight spreads and low commissions, making it an attractive option for traders looking to minimize their trading costs.
Multiple trading platforms: Tickmill provides clients with a range of trading platforms, including the popular MetaTrader 4 and 5, as well as WebTrader and mobile apps, giving clients flexibility and convenience.
Educational resources: Tickmill offers a range of educational resources, including webinars, e-books, and video tutorials, providing clients with valuable information and insights to help them improve their trading skills.
Multiple funding and withdrawal options: Tickmill provides clients with multiple funding and withdrawal options, with low minimum deposit and withdrawal amounts, and no fees charged by the broker.

Cons of Tickmill:

Limited product range: Tickmill’s product range is limited compared to some other brokers, with a focus on forex and CFDs on major indices and commodities. This may not be suitable for traders looking to access a broader range of products.
Limited customer support: Tickmill’s customer support is not available 24/7, and phone support is only available in certain regions, which may be a drawback for clients who require immediate assistance.
Limited research and analysis: While Tickmill provides daily and weekly market analysis reports, its research and analysis offerings are relatively limited compared to some other brokers.

Overall, Tickmill is a reputable and competitive broker with low trading fees, multiple trading platforms, and valuable educational resources. However, its product range is limited, and its customer support and research offerings may not be as comprehensive as some other brokers.

Frequently asked questions about Tickmill

Is Tickmill a regulated broker?

Yes, Tickmill is a regulated broker, authorized and regulated by reputable financial authorities, including the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA).

What trading platforms does Tickmill offer?

Tickmill offers a range of trading platforms, including the popular MetaTrader 4 and 5, WebTrader, and mobile apps for iOS and Android devices.

What products does Tickmill offer?

Tickmill offers forex trading and CFDs on major indices, commodities, and bonds.

What are the account types available on Tickmill?

Tickmill offers three account types: Classic, Pro, and VIP, each with different features and benefits.

What are the funding and withdrawal options available on Tickmill?

Tickmill provides clients with multiple funding and withdrawal options, including bank wire transfer, credit/debit cards, and e-wallets such as Skrill and Neteller.

Does Tickmill charge fees for deposits and withdrawals?

Tickmill does not charge any fees for deposits and withdrawals, but clients may be subject to fees charged by payment providers.

Does Tickmill offer educational resources?

Yes, Tickmill offers a range of educational resources, including webinars, e-books, video tutorials, and daily and weekly market analysis reports.

What are the trading fees on Tickmill?

Tickmill offers competitive trading fees, with tight spreads and low commissions. The exact trading fees may vary depending on the account type and trading instrument.

What is Tickmill’s customer support like?

Tickmill provides customer support via live chat, email, and phone. The support team is available 24/5, and clients can expect prompt and helpful assistance. However, phone support may not be available in all regions.