Tickmill – an overview of a secure and regulated trading platform.

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Tickmill – an overview of a secure and regulated trading platform

вњ… This Trading Platform is available in Russia

An overview of prospective brokers – Tickmill

Experienced traders who have been trading for many years on the world financial market are well aware that the level of their income largely depends on the broker’s choice. Therefore, this issue must be treated very responsibly and one should never rush to make a decision based on 1-3 indicators. We must always remember that there are competitors who order negative reviews about their colleagues, there are participants who have recently begun to provide their services and have not yet shown themselves on the best side.

In order to make the right choice, each trader must produce his own independent analysis, based on objective parameters and conclusions of analysts who managed to prove that they are real professionals. As an example, you can use the Tickmill trading platform, which repeatedly attracts not only newcomers in this field of activity, but also their more experienced colleagues (who already have something to compare with).

Tickmill trading platform

Regardless of the direction in which the entrepreneur works or where the investor invests his capital, safety is one of the main factors for them. Of course, getting a monthly income that is tens of times higher than the initial investment is very tempting, but it’s unlikely that you will want to engage in this business if the probability of losing your funds is almost 100%. Therefore, to begin the analysis of trading platforms it is necessary with an estimation of their safety.

В Security of traders

The represented participant of the world financial markets works as an online trader since 2020, but its founders are themselves former traders, therefore they know well what users need for the most comfortable work.

The administration of the trading platform warns potential customers of the high degree of risk associated with this activity. Therefore, no one can reproach the owners of the resource in that they “got the money dishonestly.”

MetaTrader4 and the application created for Tickmill allow traders to work in online trading mode wherever there is a mobile connection, without fear of software malfunctions or any other force majeure circumstances that may affect the outcome of a trade.

Regulator

But the most basic proof of the reliability of the participant in the world financial market in question is the control of its activities by authoritative organizations. The company is registered in the UK and controlled by the Office of Financial Regulation and Supervision, as well as a similar organization that operates in the Seychelles. For many experienced traders, the information presented is enough to create a login on Tickmill, and to enter into financial transactions without fear of deception from the administration of the web resource.

Learning newbies

If some traders hold the view that to study all the wisdoms of the modern financial market you need to gradually, using for this purpose the method of “trial and error”, then the majority of adherents of online trading consider this approach completely erroneous.

This site has everything a newcomer needs to get the basic knowledge necessary for successful work in this industry.

в—Џ Individual training course with practical lessons.

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в—Џ Analytical articles.

в—Џ Video tutorials, etc.

The demo account created on the Tickmill allows novice traders, without risking their own money, to see how the real auctions are going, to understand the mechanism for conducting successful deals, and so on.

The main requirements for trading on Tickmill

Each participant of the world financial market has its own rules and requirements, which are strictly forbidden to violate. The analysts who made up the review for Tickmill say that this web resource does not require any unrealistic things from its users. Most conditions differ little from standard indicators.

Trading conditions

в—Џ Customers can open the following types of accounts: Classik, Pro, VIP.

в—Џ The minimum deposit is 25 dollars (for VIP account owners – $ 5000).

в—Џ Account currencies: British pounds, euro, US dollars.

в—Џ There is a 24-hour customer support service (you can contact its representatives via the website, email, Skype or telephone).

в—Џ There is an affiliate program and trust management.

в—Џ The minimum lot size is 0.01.

How to replenish your account and withdraw money

Before registering on the site, it is necessary to check what options there are for replenishing the trading account and withdrawing money. As practice shows, and the statements of experienced traders who left on the World Wide Web about Tickmill reviews, these methods are enough for the comfortable work of the clients of the trading platform, even with large daily turnover. These include:

в—Џ Plastic cards (debit / credit) of financial and credit institutions.

в—Џ Bank transfers.

Pros and cons (the amount of commission and the time it takes to send funds) depend, first of all, on the company that provides these services.

Assets

To work on the web resource under consideration, clients are offered a variety of trading tools:

в—Џ Bonds of German state institutions.

в—Џ Currency pairs (Forex market)

в—Џ Crypto currency.

в—Џ Valuable metals.

Based on the above facts, it is difficult to even imagine that the company in question is classified as a scam. But if, the readers have any doubts, they can check it out on their own experience. After all, 25 dollars is not such a large amount to answer the question asked by many traders in different parts of the world.

Tickmill Review

Tickmill is a vanilla MT4 broker that offers a small selection of tradeable securities and lacks standout features. For the best rates, agency execution and competitive commission-based pricing can be found with Tickmill’s VIP and PRO accounts.

  • Founded in 2020, TickMill is regulated in one tier-1 jurisdiction and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
  • Tickmill is a vanilla MetaTrader broker that offers poor customer service and only MT4 with no notable upgrades to enhance the trader experience. No matter how you slice the data, compared to other top MetaTrader brokers, our testing found Tickmill fails to stand out.
  • Pricing at Tickmill varies by account type. Overall, the broker is not a stand out for low-cost trading except for Professional Trading, where TickMill finished Best in Class (top 7) in 2020.

Overall Summary

Feature Tickmill
Overall 3.5 Stars
Trust Score 81
Offering of Investments 3 Stars
Commissions & Fees 4 Stars
Platform & Tools 3 Stars
Research 3.5 Stars
Mobile Trading 3 Stars
Customer Service 3.5 Stars
Education 3 Stars

Is Tickmill Safe?

Tickmill is considered average-risk, with an overall Trust Score of 81 out of 99. Tickmill is not publicly traded and does not operate a bank. Tickmill is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Tickmill is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

Feature Tickmill
Year Founded 2020
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 1
Tier-2 Licenses 1
Tier-3 Licenses 1
Trust Score 81

Offering of Investments

Tickmill offers a total of 84 tradeable symbols spanning CFDs on 16 indices, two metals, four bonds, and 62 forex pairs. The following table summarizes the different investment products available to Tickmill clients.

Feature Tickmill
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 62
CFDs – Total Offered 22
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD No

Commissions & Fees

Tickmill offers three accounts. The Classic account is a commission-free account, in which traders only pay the bid/ask spread. The other two accounts, Pro and VIP, are both commission-based and have a per-trade commission added to lower prevailing spreads.

Commissions: While the VIP account requires a minimum balance of $50,000 for traders to access low commissions of $1 per standard lot (100k units) or $2 per Round-Turn (RT), the Pro account has similar pricing with an RT commission of just $4 per round-turn standard lot. The Pro account is available with as little as $100 deposit.

Spreads: Using typical spread data listed by Tickmill for its Pro account offering of 0.2 pips for the EUR/USD, the all-in cost equates to 0.52 pips when factoring in the RT commission equivalent of 0.32 pips. It is worth noting that Tickmill records typical spread data during normal market conditions (when spreads are narrower).

Pro account: With a low commission rate, the Pro account will be ideal for most traders compared to the Classic account, as spreads are inherently less expensive, and 84 instruments, including 62 currency pairs, can be accessed. Meanwhile, active traders are eligible for further discounts, depending on their trading volumes in the VIP account, giving Tickmill competitive all-around pricing.

Feature Tickmill
Minimum Initial Deposit $25.00
Average Spread EUR/USD – Standard N/A
All-in Cost EUR/USD – Active 0.6 (as of May 19)
Active Trader or VIP Discounts Yes

Platforms & Tools

Tickmill is a MetaTrader-only broker offering the standard, out-of-the-box experience, for just MT4. Unfortunately, there are no notable add-ons to help Tickmill stand out among the best MetaTrader brokers, and MetaTrader 5 (MT5) is not available.

Feature Tickmill
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

Research

Tickmill offers several third-party research solutions, including Autochartist, which is popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available via Tickmill’s web portal and as a platform plugin for MetaTrader.

Trading tools: In addition to the native MQL5 Signals market available in MT4, Tickmill also offers the AutoTrade feature of Myfxbook for social copy-trading (note: this service is not available from the firm’s UK branch). Myfxbook also powers the firm’s economic calendar. Also, TickMill offers margin, pip, and currency calculators, as well as VPS hosting, which is useful for algorithmic traders using MT4.

Market insights: Aside from news headlines streaming in the trading platform and Autochartist, Tickmill has a team of analysts that produce technical and fundamental analysis posts on the company’s blog throughout the trading week.

Video content: To complement its research, Tickmill also offers archived webinars and educational videos, alongside news updates on its YouTube page. And while there are several instructional videos and platform tutorials, this is one area were the broker could benefit from adding more advanced video content, including education about CFDs.

Forex news: Forex news headlines stream from Investing.com, including the NewsBreak and StockBeat series, within Tickmill’s MetaTrader4 platform offering.

Feature Tickmill
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

Mobile Trading

Since Tickmill is a MetaTrader-only broker, iOS and Android versions of the MT4 app come standard and are both available for download from the Apple iTunes store and Android Play store, respectively.

Feature Tickmill
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable No
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar No

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: th (22 brokers)

Final Thoughts

All in all, TickMill’s best feature is its low spreads for active traders. In 2020, TickMill finished Best in Class in the Professional Trading category, thanks to pricing on its VIP account, which requires a balance of $50,000. Spreads on its other account types left were less impressed.

No question, there are better forex brokers for traders to consider in 2020.

About Tickmill

Tickmill was established in 2020, after Armada Markets moved its retail clients to Tickmill’s entity in Seychelles, which is regulated by the Financial Services Authority (FSA). Tickmill then acquired an additional regulatory license in the UK under a new entity to expand its reach.

The Tickmill brand is also the trading name of Tickmill UK Ltd (formerly known as Tmill Ltd), which is regulated in the UK by the Financial Conduct Authority (FCA) with passports throughout the EU under MiFID regulations.

Tickmill Trading Features

Feature Tickmill
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

Tickmill Research Features

Feature Tickmill
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

Tickmill Mobile App Features

Feature Tickmill
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable No
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar No

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

Tickmill Review

Review

The Tickmill Group was founded in 2020 and has experienced a remarkable growth trajectory ever since. Regulated in three jurisdictions, it has over 111,000 traders with more than 263,000 accounts. The company fulfilled in excess of 215 million trades, while the average monthly trading volume eclipsed $123 billion. This CFD broker employs over 150 staff members globally, executes its business model well, and strives to continually form partnerships that will improve trading conditions for its expanding client base.

Regulation and Security

Tickmill is primarily regulated by the Seychelles Financial Services Authority (FSA), where it holds a security dealer license under number SD008. The regulatory framework is broker-friendly, allowing Tickmill to deploy a competitive trading environment. Tickmill UK LTD operates under the Financial Conduct Authority (FCA) authorization with FCA register number 717270. Traders are protected by the Financial Services Compensation Scheme (FSCS), up to a maximum deposit value of £85,000.

Tickmill Europe LTD is a Cyprus Investment Firm (CIF) operated under license number 278/15, issued by the Cyprus Securities and Exchange Commission (CySEC). It is compliant with the Financial Instruments Directive 2020/65/EU or MiFID II, as well as the EU’s 5th Anti-Money Laundering Directive. The Investor Compensation Fund (CIF), per EU Directive 2020/49/EU, protects deposits up to €20,000. All deposits remain fully segregated, and negative balance protection is in place.

The Seychelles-based subsidiary grants a superior trading environment, but the protection of traders is limited. Tickmill remains a well-respected brokerage, where the security of its traders remains paramount, suggesting that the FSA-authorized subsidiary provides a solid option for most traders.

In the past, some traders have accused this broker of stop-loss hunting and market manipulation; that charge was investigated by regulators and found to be without merit. Nonetheless, a warning regarding spikes in spreads is available, together with a notice concerning adequate capital. The complaints raised by traders also addressed this issue.

During this Tickmill review we found the broker to be fully compliant with its three regulators, providing a secure trading environment.

The Classic account operates under the market maker model with the minimum spread listed at 1.6 pips, which is not as low as the spreads offered by most other brokers. Tickmill generates its fees from spreads. The good news is that the Pro and VIP accounts deploy the NDD model, where spreads are lowered significantly for a commission of $4 and $2 per lot, respectively. For the EUR/USD pair, 0.2 pips was the lowest average spread identified, but Tickmill markets both accounts with starting spreads of 0.0 pips.

Swap rates on overnight leveraged positions apply; as such, corporate actions such as dividend distributions will impact index CFD positions. Third-party payment processor fees may apply, but a zero-fee policy exists for deposits that exceed $5,000.

What Can I Trade

Tickmill is primarily a Forex broker, as evident in its asset selection. With 62 currency pairs available, currency traders have elevated exposure to their core market. Those seeking proper cross-asset diversification may be disappointed; the asset selection at this broker is comprised of nine index CFDs, three commodities, and four bond CFDs. The absence of cryptocurrencies is the most evident missing asset class, but we have hopes that it may be added sometime in the future to round out this broker’s offerings.

The 62 currency pairs provide Forex traders with adequate trading opportunities.

Despite trader-favored equity CFDs and oil, diversification opportunities are limited.

Similarly, the provision of only gold and silver fail to provide adequate commodity exposure, but should be more than adequate for new traders.

The presence of only four bond CFDs suggests another asset class that could use enhancement.

Account Types

Traders may select between three distinct account types. The minimum deposit for the Classic account of $100 matches that of the Pro account, where assets are priced competitively for a commission of $4 per lot, making the Pro account the superior choice. Once the account balance exceeds $50,000, an upgrade to the VIP account is executed; the primary benefit in the VIP account is a reduction in the commission to $2. This broker does not charge a commission for index CFDs, oil, or bonds. Tickmill grants maximum leverage of 1:500 in all accounts opened through the Seychelles regulated entity. Swap rates on exotic currency pairs in the Islamic account are levied on the fourth day of overnight positions.

The Tickmill Pro account grants a competitive trading environment.

Trading Platforms

The MT4 trading platform is advertised as enabling a cutting-edge, world-class trading environment, which is common among brokers focused on the retail sector. While it has the capability, third-party plugins are required to unlock its full functionality. Tickmill offers only the most basic version of the MT4 platform, and while numerous free upgrades are available, those considered critical come at a price.

Only a basic version of MT4 is provided to traders. Tickmill should consider that an upgraded version would boost its appeal.

The trading platform is also available as a webtrader.

Unique Features

Tickmill created an MT4 plugin that enables one-click trading; while this feature already exists on the platform, this is admittedly an improvement. VPS hosting is provided in partnership with BeeksFX for a 20% discount on all packages. Most automated trading solutions benefit from the continuity of access to trade servers through a VPS.

Tickmill supports social trading via Myfxbook, though any benefit is mitigated by the 1.2 pips mark-up on spreads that is levied on traders on top of the pricing environment in the Pro account. Multi-account managers (MAM) have access to the MT4 multi-trader terminal, allowing entry-level portfolio management.

Tickmill Prime, operated out of the UK under FCA regulation, provides services to institutional clients and appears to be the most prominent product maintained. Regrettably, it does not improve trading conditions for retail traders.

The MT4 plugin created by Tickmill presents an improvement over the existing feature.

BeeksFX powers VPS hosting at a discounted price.

Myfxbook enables social trading, but traders should be aware of the mark-ups on spreads.

The MT4 multi-account terminal supports entry-level account management.

Tickmill Prime is a promising feature but is geared only towards institutional clients.

Research and Education

The Tickmill blog is comprised of eleven experts who provide research and market commentary to traders. It is divided into Market Insight, Fund Analysis (referring to fundamental analysis), Tech Analysis (referencing technical analysis), and Articles. We found this offering especially refreshing during our Tickmill review, especially since many brokers neglect education entirely. The presentation is comprehensive; the blog represents the most valuable asset Tickmill possesses within its retail brokerage division. Multiple updates throughout the trading day, together with a solid mix of written content, charts, and videos, provide an exceptional service.

Autochartist complements the analytics provided by Tickmill’s experts. It scans markets autonomously for predefined patterns, alerting traders of potential upcoming opportunities. Three calculators allow manual traders to compute margin requirements and pip values. Manual traders are provided with a wide range of analytics to manage their portfolios or to confirm their existing strategies.

Eleven experts provide excellent coverage of financial markets, representing the most beneficial asset of Tickmill’s retail operations.

Autochartist enhances the research capabilities of manual traders.

A combination of multi-lingual webinars, seminars, eBooks, video tutorials, and infographics present educational content to new traders. Multiple webinars are provided weekly, covering a wide range of topics. Tickmill additionally hosts seminars globally, introducing Forex trading to new and potential clients. Two eBooks are available for download; in a marketing-inspired push, one eBook covers potential affiliation with Tickmill and, as such, is of little value to most traders.

An extensive video library of tutorials is available, with content in English, Spanish, German, Arabic and Russian. Tickmill might want to consider segregating the videos by language for easy access to the myriad of topics. The brokerage also offers a glossary which acts as a principal source of education, and where basic terms are described in short sentences. While education is honored at Tickmill, new traders will receive more value from the research provided by its eleven experts than from the dedicated education section.

Webinars cover various topics for new traders to discover.

Tickmill hosts several seminars per year around the world.

One of the two eBooks offered is largely promotional and lacks educational value.

The number of video tutorials is extensive, but Tickmill should focus on quality over quantity.

Infographics are self-promotional rather than informative.

The glossary plays a key role in Tickmill’s educational section.

Customer Support

Customer service is available 24/5. Traders may e-mail Tickmill, use the webform, call, or use the live chat function. An FAQ section answers the most basic questions. Assistance from the customer service team is rarely required at a well-operated brokerage, though if an emergency arises, it is comforting to know that one stands ready to assist.

Bonuses and Promotions

Tickmill hosts four bonus and promotion campaigns. The Trader of the Month promotion requires no sign-up as every live account participates. $1,000 is awarded to the winner, but it remains unclear if this is a cash price or a non-withdrawable deposit into the trading account. A prize of either $200 or $500 (dependent upon the accuracy of the guess) is deposited into the trading account of the NFP Machine winner, a contest held during NFP week each month. New trading accounts may be provided with a $30 deposit, which cannot be withdrawn, but any profits generated are for traders to keep. A four-months long contest focused on referrals, known at Tickmill as the IB contest (Introducing Broker) is also held annually. The prize for the winner is either a complete travel package to London, New York, and Singapore, or else one of over $10,000 (equivalent) in prizes.

Each trading account is automatically entered in the Trader of the Month contest.

The NFP machine is hosted each month during NFP week, with a deposit prize of either $200 or $500.

New trading accounts may come with a $30 no deposit bonus.

Tickmill additionally hosts an IB contest.

Opening an Account

A simple online application is all that is needed to open a new account. The layout is extremely user-friendly and easy to complete. New traders need to confirm their identity by sending a copy of their ID as well as one proof of residency document. The standard operating procedure across the brokerage industry ensures compliance with AML/KYC regulatory requirements.

The account opening procedure is simple and streamlined.

Deposits and Withdrawals

Tickmill supports bank wires, credit/debit cards, Skrill, Neteller, Sticpay, Fasapay, Unionpay, NganLuong, QIWI, and WebMoney. The minimum deposit and withdrawal amounts are $100 and $25, respectively. Processing times range between instant and seven business days. While this broker waives most fees, third-party charges generally apply. Tickmill covers fees for wire deposits above $5,000, up to $100. Not all options are available to all traders, and withdrawals will be returned to the same processor used for the deposit.

Tickmill supports a broad selection of payment processors.

Wire fees on deposits that exceed $5,000 are reimbursed, up to $100.

Tickmill.com Review Visit site

About Tickmill.com

Tickmill is forex broker. Tickmill offers the MT4 and MT4 WebTrader trading currency platforms. Tickmill.com offers over 60 currency pairs, gold, sliver, bonds and cfds for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 2020
Address: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles
Contact: [email protected], +852 5808 2921
Regional offices:
Regulators: CySEC #278/15, FSA-S #SD 008, FCA #717270
Prohibited countries:

Yes

Yes

Trading platforms: MT4
Web Trading:
Mobile Trading:
Currencies: (60+)
Cryptocurrencies:
CFD: (20+) Gold, Silver, Stock Indexes, Bonds, Oil

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
MAM:
Deposit Methods: Bank Wire, VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay

Live discussion

Join live discussion of Tickmill.com on our forum

Tickmill.com profile provided by Tickmill, Nov 10, 2020

Tickmill is an award-winning global ECN broker, authorized and regulated by the FCA of the United Kingdom and the FSA of Seychelles. Tickmill offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals. The Company has distinguished itself among global ECN Forex brokers by providing excellent services with low spreads, some of the industry’s lowest ECN commissions and ultra-fast execution with the state-of-the-art London trading servers located at Equinix LD4 data center. Our team members have trading experience that goes back to 1989 and we have successfully traded all major financial markets from Asia to North America.

In June 2020, Tickmill recorded a monthly trading volume of $49.1 billion, followed by a record-high trading volume of $51.7 billion in July, which makes it one of the largest retail Forex brokers in the world.

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Service use: Live

Length of use: 6-12 Months

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Length of use: over 1 Year

Service use: Live

Length of use: over 1 Year

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Length of use: over 1 Year

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Length of use: 3-6 Months

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Length of use: 0-3 Months

Service use: Live

Length of use: 6-12 Months

As expected, United Kingdom’s general election on Thursday 12 December 2020 resulted in extreme market conditions (significant price volatility, wider spreads and price gaps).

As a result, trades related to European indices, GBP and EUR crosses faced huge price moves, cases in which slippage is highly likely. During such events there is no guarantee that pending orders will be filled at the exactly specified prices and slippage may occur.

When you are comparing prices among brokers, please consider checking the exact time that each broker started streaming prices. After reviewing different brokers, you will see that certain Liquidity Providers started streaming prices at 00:00 while others started later. For those that started later than 00:00, their charts opened with a gap because the price changed between 00:00 and 00:01 and so on each next minute. Due to the extreme situation, Tickmill`s liquidity providers started streaming prices at 00:02, therefore you can see a gap that is not visible on some other charts.

Please feel free to contact [email protected] if you would like further clarity on this matter. We will do our utmost to provide you with the relevant information relating to your account.

Service use: Live

Length of use: 0-3 Months

Thank you for your feedback, we are sorry to hear that our services did not met your expectations.

Please note that Demo accounts have no slippage, however the rest of the trading conditions are the same.

As we take clients’ feedback into serious consideration, kindly contact our support team at [email protected], with details of the mentioned case so we can investigate and assist you accordingly.

Frequently Asked Questions

Is Tickmill regulated?

Tickmill has 3 regulators:

  • Tickmill UK Ltd is regulated by the UK Financial Conduct Authority (FCA)
  • Tickmill Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CYSEC)
  • Tickmill Ltd is regulated by the Seychelles Financial Servics Authority (FSA)

How do you use Tickmill?

To get started trading with Tickmill:

  • first, you need to complete your tickmill client registration, login, and upload all the required documents
  • once that’s done and your documents are approved, you can select your account type and create the account
  • then, select a payment method and make your initial deposit
  • next, either go directly to MT4 WebTrade or else download and install MetaTrader 4
  • finally start trading with the Tickmill

How do I withdraw my Tickmill bonus?

New clients of Tickmill can get a $30 live bonus, unless their country is excluded from this promotion.

  • The bonus account can be traded for 90 days
  • The initial amount of $30 cannot be withdrawn
  • However, as long as the terms and conditions are followed, a minimum of $30 and a maximum of $100 of profit earned in the bonus account can be transferred to a live account after the client deposit a minimum of $100 in that live account

What type of broker is Tickmill?

Tickmill is primarily a forex trading broker with over 60 currency pairs available to trade.

Tickmill also offers CFDs on stock indexes, oil, precious metals, and bonds as additional trading instruments.

Is Tickmill a good broker?

The best way to answer if Tickmill is a good broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/8718/tickmill-forex-brokers

Additionally, we recommend to check recent Tickmill broker community discussions: https://www.forexpeacearmy.com/community/tags/tickmill/

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

What is the minimum deposit for Tickmill?

The minimum deposit to open a trading account with Tickmill is $100.

Tickmill also offer a VIP account which requires a minimum opening balance of $50,000.

Does Tickmill allow scalping?

Tickmill permits scalping as well as news trading and the use of EAs.

How long does it take to withdraw from Tickmill?

Tickmill processed nearly all client withdrawal requests within 24 hours.

Delivery times after processing vary from instant to up to 8 days depending on the withdrawal method.

For bank wires $5000 and above, Tickmill promises to reimburse any transaction fees up to $100.

Does Tickmill have Nasdaq?

Among trading instruments Tickmill offers CFDs for Nasdaq 100, and S&P 500 US stock indexes.

Tickmill Review 2020

Regulated By: CySEC, FCA, FSA

Foundation Year : 2020

Headquarters : 1 Fore Street, EC2Y 9DT, London, United Kingdom

Min Deposit : $100

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Latest Tweets by @tickmill

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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