Read our all-inclusive Tickmill review below – One of the best online brokers in the industry.

 

WHAT IS TICKMILL?

Found in 2014, Tickmill is a respectable broker for forex and a great CFD brokerage firm with its headquarters located in the United Kingdom. The online broker is regulated by CySEC, FCA UK, and FSA SC.

At Tick mill, clients can trade a range of trading instruments, such as Forex, Stock Indices & Oil, Precious Metals, and Bonds. The broker also offers a variety of trading platforms to its traders, including MetaTrader 4 (MT4) and Tickmill WebTrader.

 

INTRODUCTION

Tickmill was established in 2014 and is considered as a relatively new broker in the industry with remarkable yearly achievements. The broker’s headquarters is in the UK and they are well-regulated by CySEC, FCA UK, and FSA SC. They also have offices in Cyprus and the Seychelles.

Tickmill is considered safe and makes every effort to provide unique trading experiences to its traders. Tickmill is a CFD and Forex broker offering low spreads & commission, and providing more than 80 trading markets across a range of trading instruments on the MT4 trading platform.

What can you expect with Tickmill?

• Superior trading conditions – Access to more than 80 trading instruments with very low commissions and low spreads.
• Rapid execution – Average execution time of 0.15s and no requotes.
• Allows all strategies – Clients can use almost any trading strategy, including hedging, EAs, and scalping.
• Clients’ funds are safe – Funds are kept in segregated accounts of top-tier banks and they offer Negative Balance Protection.
• Pioneering technology – Tickmills’ Trading platforms are driven by ground-breaking technology and innovative features.
• Dedicated support – Tickmill has a team of highly-skilled professionals to ensure swift and expert support.

The broker has three main trading accounts on offer, including the Pro, Classic, and VIP Accounts. Clients can also make use of their Islamic swap-free account and demo account. Developed by traders for traders, Tickmill caters for all types of traders, whether they are professional or just starting out.

With Tick mill, clients will have the opportunity to trade from the well-known MT4 (MetaTrader 4) trading platform that can be operated on Web, Windows, Mac, iOS & Android operating systems. The broker also has a variety of research and analysis trading tools available, such as seminars s, webinars, and video tutorials.

PROS & CONS

Pros

• Swift and easy account opening process
• No fees charged for deposits and withdrawals
• Low forex fees
• No inactivity brokerage fee charged
• A number of account base currencies to choose from
• Client funds are segregated
• Established in 2014 with a good track record
• Minimum deposit for Tickmill starts from 25 USD
• Well-regulated with multiple licences
• High Tickmill leverage available
• Availability of no commissions on trading accounts
• Competitive spreads
• Overnight swap charges
• Great variety of trader research tools & analysis
• Scalping and Hedging allowed

Cons

• Design of trading platforms are outdated
• News feeds are too basic
• Not ASIC Regulated
• Few trading platform options
• No stocks available
• No MetaTrader 5 (MT5) available

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TRADING INSTRUMENTS

Tickmill is a forex and CFD broker that offers a range of investment products to its clients. Traders can trade CFDs on forex, commodities, stock indices, and German government bonds. However, common asset classes, such as stock CFD, ETF CFD, and crypto CFDs are not available.

Forex

At Tickmill, traders can access the globe’s largest financial market with 62 currency pairs available. Forex is a market where traders can trade one currency for another. When a currency is sold, there is another trader/buyer for that particular currency.

The Forex Market draws a variety of market participants, such as Investment Managers, Central Banks, Hedge Funds, Corporations, Retail Traders and Brokers. Merely 90% of these participants are currency traders.

What is Tickmill’s Forex trading hours? At Tickmill, forex traders can trade 24 hours a day for 5 days a week (weekends excluded).

Tickmill wants its clients to succeed by offering them a great trading experience. Tickmill’s clients can expect the following when trading forex:

• Low spreads starting from 0 pips.
• Access to more than 60 currency pairs.
• Average execution time of 0.15s
• Clients can use almost any trading strategy.
• Leverage equal to 1:500.

 

Stock Indices & Oil

At Tickmill, traders have access to stock indices and oil with great trading environments. Stock indices are collections of stocks that can be purchased or sold as individual tradable instruments. Stock indices can show an indication of the performance of a certain industry or a nation.

Tickmill’s clients can expect the following when trading stock indices and oil:

• Low spreads starting from 0 pips.
• Access to more than 14 indices.
• Average execution time of 0.15s
• Clients can use almost any trading strategy.
• Leverage equal to 1:100.

 

Precious Metals

Precious metals such as gold and silver are trading instruments known as commodities. Gold and silver prices are globally relatively uniform. When you buy or sell precious metals such as silver or gold, you are speculating on the fluctuations in the price. For that reason, you do not have to buy or sell the actual product.

Tick mill’s clients can expect the following when trading precious metals:

• Low spreads starting from 0 pips.
• Access to Gold & Silver crosses.
• Average execution time of 0.15s
• Clients can use almost any trading strategy.
• Leverage equal to 1:500.

 

Bonds

In basic terms, bonds, treasuries, or securities are contracts between borrowers and lenders, where borrowers finance projects by issuing bonds.

Bonds are commonly issued by governments (the borrower) who set the interest rate and then paid to the investor. The bond market is much larger than the stock market. When you buy or sell bonds, you are speculating on the bond value fluctuations.

• eads starting from 0 pips.
• Access to German Bonds
• Average execution time of 0.15s
• Clients can use almost any trading strategy.
• Leverage equal to 1:100.

 

TRADING PLATFORMS

Tickmill has one of the most user-friendly and well-known trading platforms on offer for its clients, known as MetaTrader 4 (MT4). This platform can be operated on Web, Windows, Mac, iOS & Android operating systems. There is also the option to trade instantly with Tickmill’s Webtrader. No installation is necessary to use the Tickmill Webtrader.

MetaTrader 4 (MT4)

Tickmill’s MetaTrader 4 (MT4) platform is created to provide traders with an edge over other platforms. The MT4 platform is also user-friendly and fully customisable to meet the needs of any type of trader. Great management tools offered by MT4 also assist traders to have better, quick, and efficient control over their positions.

The MetaTrader 4 (MT4) is considered as the globe’s most preferred and best trading platform. The platform provides an easy & simple interface and improved charting functionality. Traders can effortlessly set indicators and Expert Advisors (EAs) to automatically trade 24 hours a day and 5 times a week.

Tickmill’s clients can expect the following features of the MetaTrader 4 (MT4) platform:

• CFDs on Stock Indices, currency pairs, commodities and bonds.
• Perform orders with no partial fills
• Expert Advisor trading facilities through Tickmill’s VPS services.
• Advanced technical analysis.
• More than 50 indicators as well as customisable charting
• Trading signals with a cutting-edge notification system.

 

MT4 Web Trader

The MT4 Web Trader platform can be accessed online to ensure swift and easy market access. The platform can be accessed directly through a browser and there is no need to install any additional software or downloads with the MT4 Web Trader.

Tickmill’s clients can expect the following features of the MT4 Web Trader platform:

• Present quotes in the Market Watch.
• Customisable price charts.
• 9 different timeframes.
• More than 30 indicators.
• Complete trading history.
• Securely encrypted data transmission.
• One-click functionality for opening and closing trades

MT4 Web Trader includes the following benefits:

• Full functionality of MT4 Tickmill
• No installation necessary
• Improved two-way synchronisation
• HTML-based application
• Immediate synchronisation between Web Trader and other Metaquotes software
• Access to full account history

 

TICKMILL ACCOUNT TYPES

Tick mill caters for any type of trader, whether they are experienced or just starting out. Tickmill offers four different account types to choose from, including the Pro, Classic, VIP, and Islamic (Swap-Free) Accounts.

When opening an account with Tickmill, you can expect the following:

• More than 80 trading instruments available
• Spreads starting from 0 pips
• Swift deposits and withdrawals
• Top-tier client fund protection
• Multilingual client support
• Allows EAs and Algos

Traders can also expect to benefit from the following trading conditions on all Tickmill account types:

• Base currencies available in USD, EUR, and GBP.
• No Dealing Desk (NDD) execution model
• Market execution
• Average execution time of 0.15s
• Margin call of 100% / 30%

 

Pro Account

On Tickmill’s Pro Account, you can trade CFDs on more than 60 currency pairs, oil, precious metals, major stock indices, and bonds, together with changing spreads starting from 0 pips.

Globally, Tickmill’s standard commission can be regarded as one of the lowest. On the Pro account, a commission of 2 units of the base currency per lot/side (0.0020% notional) of the trading instrument is charged. At Tickmill, there is no stop and limit levels for Pro account users.

With the Pro Account, traders have access to some of the most traded instruments of the market, such as Forex, Stock indices & oil, Metals, and Bonds.

Classic Account

On Tickmill’s Classic Account, you can trade CFDs on more than 60 currency pairs, oil, precious metals, major stock indices, and bonds, together with no commissions changing spreads starting from 1.6 pips.

Tickmill’s Classic Account is designed to cater for both beginner and skilled traders and provides great trading conditions, rapid order execution, and the option to use practically any trading strategy.

The Classic account is an excellent gateway to the trading world and has numerous extras to improve trading experiences. It must be noted that the charts of the Classic Account display market & spreads without the markup.

With the Classic Account, traders have access to some of the most traded instruments of the market, such as Forex, Stock indices & oil, Metals, and Bonds.

VIP Account

The VIP Account is created for high volume traders seeking competitive pricing and additional benefits.

On Tickmill’s VIP Account, you can trade CFDs on more than 60 currency pairs, oil, precious metals, major stock indices, and bonds, together with no commissions changing spreads starting from 0 pips.

Globally, Tickmill’s standard commission can be regarded as one of the lowest. On the VIP account, a commission of 1 unit of the base currency per lot/side (0.0010% notional) of the trading instrument is charged. At Tickmill, there is no stop and limit levels for VIP account users.

With the VIP Account, traders have access to some of the most traded instruments of the market, such as Forex, Stock indices & oil, Metals, and Bonds.

Islamic (Swap-Free) Account

Tickmill makes every effort to facilitate its trading conditions to cater for the many needs of its clients. With that said, the broker offers an Islamic (Swap-Free) Account that is fully compliant with the Sharia law.

This swap-free account has no swap or rollover interest on overnight positions. At Tickmill, Muslim clients can convert any of the broker’s Classic, Pro, or VIP Accounts into an Islamic Account type. The Islamic (Swap-Free) Account has the same trading conditions and terms as Tick mill’s other account types.

With the Islamic (Swap-Free) Account, traders have access to some of the most traded instruments of the market, such as Forex, Stock indices & oil, Metals, and Bonds.

 

HOW TO OPEN AN ACCOUNT

Tickmill’s account opening process is easy, fully-digital, fast, and straightforward. According to traders, the online application form can be completed within a few minutes. You can also expect to receive account verification within one business day.

The application process is very user-friendly, simple, streamlined, and easy to complete. With the exception of the VIP account, all account types require a minimum deposit of 100 USD.

In order to open a trading account, traders have to follow these steps:

• Step 1: Complete the requested fields regarding your country of residence, name, email address, telephone number, previous trading experience, and other personal information.

• Step 2: Tickmill login (Log into the Client Area). Provide the broker with proof of your residential address and proof of identity in order to verify your profile).

• Step 3: Choose a Tickmill broker account type (Pro, Classic, or VIP)

• Step 4: Open a trading account and fund your account with one of the broker’s secure payment methods.

• Step 5: Choose a trading platform to download and log into the account with your details to start trading.

 

SOCIAL TRADING, COPY TRADING, AND DEMO ACCOUNTS

Myfxbook Copy Trading

With Tickmill’s Myfxbook, clients can copy the trades of successful and popular traders by following their trading strategies.

In order to start copy trading, you can follow these steps:

• Step 1: Open a live trading account with Tickmill. Existing clients should send their account numbers to Tickmill’s support team to be added to their Myfxbook AutoTrade group.
• Step 2: In order to link your trading account to Myfxbook AutoTrade, visit the “Myfxbook” section on Tickmill’s website.
• Step 3: Select and copy the automated Forex systems that you prefer.

Traders can expect to benefit from Tickmill’s copy trading account as follows:

• No experience needed
• User-friendly with no software installation needed.
• See profitable trades
• Customisable trading features
• Accurate statistics to make better system choices.
• Manage your risk easily
• Enhance your knowledge
• Practice your trading skills with a Tickmill Demo account

 

Tickmill Demo Account

Tickmill’s demo account provides you with the opportunity to trade a range of instruments with virtual funds. Clients can expect the following when trading on the Tickmill Demo Account:

• Experience real market conditions in a risk-free environment.
• Full-featured trading platform to improve your trading performance.
• More than 80 trading instruments to choose from with very low spreads.

 

COMMISSIONS & FEES

As mentioned before, the Tickmill broker offers four trading accounts. The Pro and VIP Accounts are both commission-based, whereas the Classic Account is commission-free.

No commissions are charged on the Classic broker account and clients merely pay the bid/ask spread. On the Pro account, a commission of 2 units of the base currency per lot/side (0.0020% notional) of the trading instrument is charged. On the VIP account, a commission of 1 unit of the base currency per lot/side (0.0010% notional) of the trading instrument is charged

There are no hidden costs/fees and no Tickmill deposit, withdrawal, or inactivity fees are charged.

TICKMILL LEVERAGE

Tickmill offers a maximum leverage of 1:500. Leverage is where a trader effectively borrows large funds from a broker to trade with while spending a small amount of his/her own funds.

 

WITHDRAWALS AND DEPOSITS

Tick mill does not charge any transfer fees when making deposits or withdrawals, but clients must note that intermediary banks or eWallets may charge transfer fees.

At Tickmill, payments are processed in PLN, EUR, GBP, and USD. If a payment is made in another currency, the payment will automatically be changed to PLN, EUR, GBP, or USD.

All Tickmill broker account types require a minimum deposit of 100 USD, with the exception of the VIP account, where traders need a minimum balance of 50,000 USD.

It must be noted that Tickmill may charge a maintenance brokerage fee on accounts that are not being used for a certain time.

 

CUSTOMER SERVICE

Tickmill’s customer service is available 24/5 and they can be reached through live chat, telephone, and email. Customers can expect relevant and fast answers within a day.

Tickmill provides multilingual client service support and the broker’s support hours are from Monday to Friday, 7:00 to 20:00 GMT. The broker also has a detailed frequently asked questions (FAQs) section for assistance.

 

IS TICKMILL REGULATED?

Tickmill is a regulated broker with the CySEC, FCA UK, and FSA SC.

Tickmill’s Registrations

• FCA – United Kingdom’s Financial Conduct Authority
• BaFin – Germany’s Federal Financial Supervisory Authority
• CONSOB – Italy’s Commissione Nazionale per le Società e la Borsa
• ACPR – France’s Autorité de Contrôle Prudential
• CNMV – Spain’s Comisión Nacional del Mercado de Valores

Tickmill’s Directives and Memberships

• Tickmill UK Ltd is part of the FSCS.
• Tickmill Europe Ltd is part of the ICF.

 

RESEARCH

Tick mill provides a number of 3^rd-party research solutions, such as Autochartist (chart pattern recognition tool). You can access Autochartist through the broker’s web portal. The brokerage firm also has a variety of services that can provide trading ideas and research tools are offered in different places:

Trading tools

• MQL5 Signals market
• Myfxbook for social copy-trading and an economic calendar
• Tickmill calculator for Margins, pips, and currencies
• VPS hosting, especially for algorithmic traders using MT4

 

Market insights

• News headlines streaming in the trading platform
• Autochartist
• Team of analysts
• Technical and fundamental analysis blog posts

 

Video content

• Archived webinars & educational videos
• News updates on the broker’s YouTube page
• Instructional videos & platform tutorials
• Education on CFDs

 

News feed

• Forex news headlines stream from Investing.com

 

Trading ideas

• Daily publications from Tickmill’s expert authors on market events.

 

Charting

• The broker has average charting tools
• 31 technical indicators are available on the MetaTrader trading platforms.

 

EDUCATION

With Tickmill, traders can learn via:

• Tickmill Demo account
• Educational videos
• Videos tutorials
• Webinars
• Educational articles
• EBooks
• Glossary
• Info-graphics

Tickmill has a range of educational Forex webinars that traders can enjoy. These webinars are hosted by the broker’s team of professional analysts.

You can join the broker’s Forex seminars to strengthen your trading skills. These seminars are led by industry experts. Video Tutorials can be obtained on the broker’s website. These educational videos are offered in different languages.

Tickmill’s infographics provide a variety of financial insights to traders as well as useful trading tips. The Financial Markets are presented by means of visual data, charts, and statistics.

Ebooks

• Tickmill’s eBooks are perfect for traders to enhance their trading skills
• Learn how to control risk exposure
• Learn how to increase profitability
• Learn how to start, develop and better your introducing broker business
• Discover the thrilling world of Forex trading
• Explore useful trading strategies, expert tips, and technical indicators

 

PROMOTIONS AND CONTESTS

Trader of the Month

• Each month, prize money to the value of up to 1000 USD is up for grabs
• The best performing trader of every month will be awarded the prize money
• Tickmill determines the best performing trader of each month, taking in account not only profits earned, but also risk management skills
• Clients are automatically entered when opening a Tickmill live account with the broker. No additional registration is required for taking part in the “trader of the month” contest.

 

Tickmill’s NFP Machine

• With the broker’s NFP (Non-Farm Payroll) contest, traders can win great cash prizes.
• The NFP is a once-a-month measure of US labour market health. It measures US employment, apart from farmworkers, NPO’s, and private household employees.
• With this contest, traders have to predict the NFP figure to stand a chance for winning.
• With an NFP week, Tickmill will decide on a single trading instrument for traders to predict its price.
• 500 USD can be won on an exact prediction. If no exact prediction has been made by a trader, the trader with the closest guess can win up to 200 USD in cash.
• You can participate by placing your prediction along with your name and trading account number on the Woobox platform.
• Predictions can be placed within an NFP week from Monday to Friday.

 

$30 Welcome Account

New clients of Tickmill have the chance to receive free funds to trade with. You (new client) can expect to receive a $30 Welcome Account which is extremely easy to open.

• You are not required to deposit any funds
• You will not risk any money
• You can withdraw your earned profits
• Only new clients are allowed to apply for the Welcome Account
• Existing Clients are ineligible to apply for the Welcome Account

 

Rebate Promotion

Tick mill has introduced a new promotion for its clients, providing them with the opportunity to receive cash rebates on their trades.

How to be part of Tickmill’s rebate system?

• Step1: Open a live MetaTrader 4 trading account and deposit at least 100 USD or equivalent.
• Step 2: Start trading and earn rebates.

Tickmill’s Tier System

• Tier 1 (0 – 1000 lots): Earn 0.25 USD rebate per standard lot traded
• Tier 2 (1001 – 3000 lots): Earn 0.50 USD rebate per standard lot traded
• Tier 3 (3001 lots and above): Earn 0.75 USD rebate per standard lot traded

 

GLOBAL AWARDS

Below are some of Tickmill’s prestigious awards that have been earned over the years.

• 2020 – Top Commodities Broker, awarded at the Rankia Markets Experience Expo
• 2019 – Top Forex Execution Broker, awarded at the CFI.co Awards
• 2019 – Top Trading Platform Provider, awarded at the FxDailyInfo.com Broker Awards
• 2019 – Top CFD Broker (Asia), awarded by the International Business Magazine
• 2019 – Top Forex CFD Provider, awarded by the Online Personal Wealth Awards
• 2019 – Top Forex Broker (Asia), awarded at the Forex Awards
• 2019 – Best Transparent Broker, awarded at the Forex Awards
• 2018 – Top Forex Execution Broker, awarded at the UK Forex Awards
• 2018 – Top Forex CFD Broker, awarded at the Jordan Forex Expo Awards
• 2018 – Best CFD Broker, awarded at the FxDailyInfo.com Broker Awards

 

IS TICKMILL SAFE OR A SCAM?

Tickmill is regulated by tier-1, tier-2, and tier-3 regulators. For example, the broker is regulated by CySEC, Seychelles FSA, as well as the FCA (Financial Conduct Authority) which is a tier-1 regulator.

Is Tickmill legit?

As indicated before, Tickmill was established in 2014. With more than 6 years’ experience in the industry, it is safe to say that the broker is not a scam. The broker has also earned many industry awards throughout the years of operation.

 

CONCLUSION

Tickmill is an award-winning and respected broker, regulated by a number of global authorities, including the top-tier FCA. The broker’s account opening is smooth with many free deposit/withdrawal options.

Tickmill is recommended for traders who are attracted to CFD and forex trading, as well as traders that prefer the MetaTrader trading platforms. Tickmill also offers demo and copy trading accounts for its clients.

According to our research, the best feature of the broker is definitely its low spreads and the broker’s VIP account requires a minimum balance of 50,000 USD. Spreads on Tickmill’s other account types are not so impressive.

The low forex fees, low CFD fees, and numerous free deposit & withdrawal options are valuable to traders. You can also expect an easy and fast account opening process.

Is Tickmill a good broker? In our opinion, Tickmill is considered as a very good forex broker in the industry. Tickmill is definitely a suggested and highly recommended broker that caters to all types of traders, whether they are just starting out or already professional.

Tick mill has a unique offering when it comes to trading with them. However, the forex broker has a number of drawbacks. The broker’s news feeds are too basic and its trading instruments are restricted to only forex, CFDs on certain stock indexes, and commodities. The trading platforms on offer also have outdated designs.

On the positive side, the broker’s international employees are always available if you have any questions. They can be contacted via phone or live chat. Tickmill is one of the best brokers in forex.