Tickmill Review
📅 Year founded	2014
📈 Multiple top-tier regulation	Yes
📍 Headquarters	London, United Kingdom
🌍 Country of regulation	Cyprus / United Kingdom / Seychelles / South Africa / United Arab Emirates / Malaysia
✅ Regulators	CySEC / FCA UK / FSA SC / FSCA / Dubai FSA / Malaysia FSA
📈 Execution Type	Market Execution
💰 Minimum Deposit	$100
🛡️ Negative Balance Protection	Yes
📉 Trading Platforms	MetaTrader4 / MetaTrader5 / WebTrader / Tickmill Mobile App
☪  Islamic account	Yes
📉 Trading Instruments	Forex / Commodities / Stocks / Stock Indices / Cryptocurrencies / Bonds
📱 Mobile trading	iOS / Android / Windows
💳 Payment Types Accepted	Credit and Debit Cards / Bank Transfers / Cryptocurrencies / Skrill / Neteller / Sticpay / Fasapay / UnionPay / WebMoney
🎮 Demo Account	Yes
ⓒ Copy Trading	Yes
🎁 Bonus Offer	$30 Welcome Account / Trader of the Month / NFP Machine / IB Contest / Trade More, Get More
💰 Account Currencies	USD / EUR / GBP / ZAR
📈 Minimum Trade	0.01 Lots
📈 Account Types	PAMM / MAM
📈 Margin Trading	Yes
📈 Trading fees	Low
📈 Inactivity fee	None
💰 Withdrawal fee	No
☎ Customer Support	Monday-Friday 07:00-16:00 (GMT). Email responses within 24 hours on business days.
💰 Max. Leverage	500:1
✔️ Hedging Allowed	Yes
✔️ Scalping Allowed	Yes
💰 Commission	Account Dependant
💰 Spreads	From 0.0 pips
💰 Leverage	Flexible
💰 Currency Pairs (Total Forex pairs)	60 +
🔢 Number of clients	400 000 +
🥇 Instruments Offered	180 +
📙 Education	Webinars / Seminars / eBooks / The T-Show / Video Tutorials / Infographics / Glossary / Fundamental Analysis / Technical Analysis / Articles / Market Insights
Click here ✅ Open a Trading Account

 

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, FSA SC, FSCA, Dubai FSA and Malaysia FSA.

At Tickmill, clients can trade a range of trading instruments, such as forex, commodities, stocks, stock indices, cryptocurrencies and bonds. The broker also offers a variety of trading platforms to its traders, including MetaTrader4 (MT4), MetaTrader5 (MT5) 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 United Kingdom, and they are well-regulated by CySEC, FCA UK, FSA SC, FSCA, Dubai FSA and Malaysia FSA. 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 & commissions while providing more than 180 trading instruments on the MT4, MT5 and Tickmill WebTrader platforms.

 

What can you expect with Tickmill?

• Superior trading conditions – Access to more than 180 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 Tickmill, clients will have the opportunity to trade from the well-known MT4 and MT5 trading platforms that can be operated on web, Windows, Mac, iOS and Android operating systems. The broker also has a variety of research and trading analysis tools available, such as seminars, 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 $100 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.
• Few trading platform options.

 

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, stocks, stock indices, cryptocurrencies and bonds.

 

Forex

At Tickmill, traders can access the globe’s largest financial market with over 60 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.

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 500:1.

 

Stock Indices

At Tickmill, traders have access to stock indices 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:

• 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 100:1.

 

Commodities

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.

Tickmill’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 500:1.

 

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.

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

 

TRADING PLATFORMS

 

Tickmill has one of the most user-friendly and well-known trading platforms on offer for its clients, known as MT4 and MT5. This platform can be operated on web, Windows, Mac, iOS and Android operating systems. There is also the option to trade instantly with Tickmill on WebTrader. No installation is necessary to use Tickmill on WebTrader.

 

MT4 and MT5

Tickmill’s MT4 and MT5 platforms are created to provide traders with an edge over other platforms. The platforms are also user-friendly and fully customisable to meet the needs of any type of trader. Great management tools offered by MT4 and MT5 also assist traders to have better, quick and efficient control over their positions.

MT4 and MT5 are considered as the globe’s most preferred and best trading platforms. The platforms provide easy and simple interfaces and improved charting functionality. Traders can effortlessly set indicators and Expert Advisors (EAs) to automatically trade 24 hours a day and 5 days a week.

Tickmill’s clients can expect the following features of the MT4 and MT5 platforms:

• CFDs on forex, commodities, stocks, stock Indices, cryptocurrencies 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 WebTrader

The MT4 WebTrader 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 MT4 WebTrader.

Tickmill’s clients can expect the following features on the MT4 WebTrader 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 WebTrader includes the following benefits:

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

 

ACCOUNT TYPES

 

Tickmill 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 180 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, GBP and ZAR.
• 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 50 currency pairs, oil, precious metals, major stock indices and bonds, together with flexible spreads starting from 0.0 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 on the market, such as forex, commodities, stocks, stock indices, cryptocurrencies 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 and flexible 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 markets and spreads without the markup.

With the Classic Account, traders have access to some of the most traded instruments on the market, such as forex, commodities, stocks, stock indices, cryptocurrencies 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 and flexible spreads starting from 0.0 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 on the market, such as forex, commodities, stocks, stock indices, cryptocurrencies 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 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 Account has the same trading conditions and terms as Tickmill’s other account types.

With the Islamic Account, traders have access to some of the most traded instruments on the market, such as forex, commodities, stocks, stock indices, cryptocurrencies 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.

 

DEMO ACCOUNTS AND COPY TRADING

 

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 180 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.

 

LEVERAGE

 

Tickmill offers a maximum leverage of 500:1. 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. While the maximum leverage is capped at 500:1, Tickmill does  provide flexible leverage to traders, starting at 1:1.

 

WITHDRAWALS AND DEPOSITS

 

Tickmill 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 USD, EUR, GBP and ZAR. If a payment is made in another currency, the payment will automatically be changed to USD, EUR, GBP or ZAR.

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.

 

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 one business 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 amongst others.

 

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

 

Tickmill 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 and MT5.

 

Market insights

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

 

Video content

• Archived webinars and educational videos.
• News updates on the broker’s YouTube page.
• Instructional videos and 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.
• Seminars.
• Webinars.
• Educational articles.
• eBooks.
• Glossary.
• Infographics.

 

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 $1 000 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 into 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

Tickmill 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 MetaTrader4 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.

• 2023 – Best Forex Broker, awarded at the QualeBroker Awards.
• 2023 – Best CFD Broker, awarded at the Rankia Awards.
• 2023 – Best Broker Middle East, awrded at the Forex Expo Dubai.
• 2023 – Best Forex Spreads MEA, awarded at the Ultimate Fintech Awards MEA.
• 2022 – Best Forex Customer Service, awarded at the Global Forex Awards.
• 2022 – Best Forex Trading Experience, awarded at the Global Forex Awards.
• 2021 – Best Trading Conditions, awarded at the FxScouts Forex Awards.
• 2021 – Best Trade Execution, awarded at the Cairo Invstment Expo CIE4.
• 2020 – Top Commodities Broker, awarded at the Rankia Markets Experience Expo.
• 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 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.

To give you an idea of Tickmill’s quality, the above awards do not even represent all the awards the broker has won over the past 5 years. The rest of their awards can be seen here.

 

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 9 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, as highlighted above, throughout its 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 and 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 should be considered one of the very best forex brokers in the industry. Tickmill is definitely a highly recommended broker that caters to all types of traders, whether they are just starting out or already at a professional level.

Tickmill has a unique offering when it comes to trading with them. However, the broker has some drawbacks:

The broker’s news feeds are too basic, and it does not have a wide array of trading instruments in comparison to other brokers. 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 and any person serious about trading should seriously consider them as a broker.