Unique Selling Points
Tight Spreads and Low Commissions: Tickmill is known for its tight spreads and low commissions, which make it a popular choice for traders looking to maximize their profits. The Tickmill broker offers both standard and pro accounts, each with its own set of spreads and commissions. The pro account, in particular, provides some of The lowest spreads in the industry, starting from 0.0 pips. Additionally, Tickmill charges very competitive commissions, with its pro account commission starting from only $2 per lot.
Wide Range of Tradable Assets: Another unique selling point of Tickmill is its wide range of tradable assets. The broker offers trading in forex currency pairs, indices, commodities, bonds, and even cryptocurrencies. This diverse range of assets enables traders to build a well-diversified portfolio and take advantage of different market conditions.
Innovative Trading Tools and Platforms: Tickmill is dedicated to providing its clients with the latest trading tools and platforms to enhance their trading experience. The broker offers a range of trading platforms, including the popular Tickmill MetaTrader 4 and 5 and its proprietary platform, Tickmill Trader. Tickmill provides traders with helpful trading tools, such as the Economic Calendar, Autochartist, and Trading Central. These tools can help traders to make more informed trading decisions and stay ahead of the market.
Regulated and Secure Broker: Tickmill is a fully regulated and secure broker with licenses from several reputable financial authorities. The broker is licensed and regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). This ensures that the client's funds are safe and that the broker operates under strict regulatory standards.
Deposit and Withdrawal with Bitcoin: Another unique selling point that makes Tickmill stand out from other brokers is that it allows deposit and withdrawal with Bitcoin. This feature is particularly appealing to traders who prefer to use cryptocurrencies as a means of payment or who wish to take advantage of the high liquidity and volatility of cryptocurrencies. By offering this payment option, Tickmill caters to the growing demand for digital currencies and provides a convenient and secure way for traders to manage their funds.
Introduction
Tickmill is a regulated offshore broker that provides brokerage services to clients worldwide. The broker is known for its focus on innovative trading solutions and excellent trading conditions. Tickmill offers multiple Tickmill account types, including demo accounts, and supports MetaTrader 4 for trading.
Traders can access various trading instruments in four asset classes: forex, commodities, indices, and cryptocurrencies. Tickmill offers a bonus program for new clients and up to 1:500 leverage, making it an ideal choice for traders looking for high-leverage trading.
The broker also provides a mobile trading app for Android and iOS users, allowing traders to trade on the go.
Tickmill is a popular choice for traders who need brokers that support their native languages. The broker offers multiple language choices, making it easier for traders to communicate with their support team and access trading resources in their preferred language.
This Tickmill review provides more information about Tickmill and everything you need to know.
Supported Countries
Tickmill has two entities: Tickmill Seychelles, regulated by the Financial Services Authority (FSA) of Seychelles, and Tickmill Europe Ltd., regulated by the Cyprus Securities and Exchange Commission (CySEC).
The global forex and CFD broker that serves clients from over 200 countries worldwide, including South Africa, Nigeria, Malaysia, Indonesia, United Arab Emirates, Thailand, Vietnam, and many more.
However, there are some countries where Tickmill does not provide services. These countries include the United States of America, Canada, Japan, Brazil, Australia, and Belgium. The residents of countries where Tickmill does not have regulatory approval can also not use the platform.
Tickmill's website and trading platform support multiple languages to cater to its global clientele. The website is available in English, Arab, Vietnamese, Indonesian, Spanish, Italian, Chinese, Korean, Polish, Russian, and Thai. The Tickmill trading platform also supports these languages, ensuring clients can easily navigate and trade on the platform in their preferred language.
Customer Service Rating
Tickmill Broker has a 4.2-star rating out of 5 based on 472 Tickmill reviews on Trustpilot, which strongly indicates their excellent customer service. Many customers have left positive reviews, praising the broker for their transparency, competitive spreads, and fast execution speeds. Some customers have also mentioned the helpfulness and professionalism of the customer support team, which is available 24/5 via phone, email, and live chat.
In addition to Trustpilot, Tickmill Forex has also received positive ratings and reviews on other popular review sites such as Forex Peace Army and Investimonials. Customers have praised the broker for their user-friendly platforms, extensive range of trading instruments, and low fees.
Tickmill Trading Platforms
Tickmill offers its clients a range of trading platforms that cater to the diverse needs of traders. The trading platforms available on Tickmill are MetaTrader 4, MetaTrader 5, and WebTrader.
MetaTrader 4: MetaTrader 4 (MT4) is a widely used trading platform offering various tools and features that make trading more accessible and efficient. The MT4 platform provides traders with a customizable interface, advanced charting capabilities, and various technical indicators. MT4 also offers automated trading through the use of Expert Advisors (EAs), which can be programmed to execute trades based on predefined criteria. Traders can also use MT4 to monitor their trading history, analyze performance, and track their progress.
MetaTrader 5: MetaTrader 5 (MT5) is the successor to MT4 and offers several new features and enhancements. The MT5 platform provides traders with an expanded range of technical indicators, advanced charting capabilities, and improved analytical tools. MT5 also offers more order types than MT4, including market, pending, and stop orders.
WebTrader: WebTrader is Tickmill's web-based trading platform, allowing traders to access their accounts from any web browser without downloading or installing any software. The platform provides traders with various tools and features, including advanced charting capabilities, real-time quotes, and the ability to trade directly from the platform.
Type of Trading Accounts on Tickmill
Tickmill Forex offers multiple account types to meet the needs of different traders. Each Tickmill account type has unique features, and traders can choose the one that suits their trading style and objectives.
The Classic Account: The classic account is designed for traders who prefer fixed spreads. It offers a minimum deposit of $100, 1.6 pips spread, and up to 1:500 leverage. This account type is ideal for beginners or traders who want to avoid taking high risks.
The Pro Account: The pro account is suitable for experienced traders who prefer low variable spreads. It offers a minimum deposit of $100, 0.0 pips spread, and up to 1:500 leverage. This account type is ideal for traders who want to trade on news events and volatile markets
The VIP Account: The VIP account is designed for professional traders who require customized trading solutions. It offers a minimum deposit of $50,000, 0.0 pips spread, and up to 1:500 leverage. This Tickmill account type has a personal account manager and tailor-made trading conditions.
Islamic Account: Tickmill offers an Islamic account that complies with Sharia law. It is designed for Muslim traders who want to trade without paying or receiving overnight swap rates. The Islamic account has the same features as the other account types but without the overnight swap rates.
The Demo Account: The Tickmill demo account is a practice account that allows traders to learn and test their trading strategies without risking their money. It offers virtual funds of up to $100,000, and traders can access all the trading instruments and platforms provided by Tickmill.
Trading Denominations on Tickmill
Tickmill supports various trading denominations for its clients. The trading account's base currency can be in USD, EUR, GBP, PLN, or CHF. Clients can choose their preferred base currency during the account opening process. This means that clients can deposit funds into their accounts in their local currency, which will be automatically converted to their chosen base currency.
In addition to the traditional base currencies, Tickmill Forex offers a cryptocurrency account denominated in Bitcoin (BTC). This account is ideal for clients who want to trade using cryptocurrencies.
The BTC account allows clients to deposit and withdraw funds in BTC, and all trades are settled in BTC. Clients who choose the BTC account can also use BTC to fund their accounts.
Company Structure
Tickmill is a global forex and CFD broker with headquarters in Seychelles. The company was founded in 2014 and has since expanded to serve clients in over 200 countries. Tickmill operates through multiple entities, including Tickmill Ltd., Tickmill Europe Ltd., and Tickmill South Africa (Pty) Ltd.
The company joined the Financial Conduct Authority (FCA) in the UK in 2015, followed by the Cyprus Securities and Exchange Commission (CySEC) in 2016. The company also obtained a license from the Seychelles Financial Services Authority (FSA) in the same year.
The Tickmill Group is a privately-owned company, which means that it is not publicly traded. However, the company has gained a reputation for being transparent and trustworthy in its client dealings. The company focuses on providing retail and institutional clients access to various financial markets, including forex, stock indices, commodities, and bonds.
The Tickmill Group's management team comprises experienced professionals in the financial services industry who are committed to ensuring that the company's clients receive the best possible service. The company's vision is to become a leading provider of online trading services by delivering innovative solutions and exceptional customer support.
Tickmill Licenses and Regulatory Compliance
Tickmill Forex is a regulated and licensed online broker, which means it adheres to strict standards to protect its clients' funds and operate transparently and fairly. Below are the licenses and regulatory bodies that Tickmill is registered under:
Seychelles Financial Services Authority (FSA): Tickmill Ltd is regulated by the FSA under license number SD 008.
Financial Conduct Authority (FCA): Tickmill UK Ltd is authorized and regulated by the FCA under license number 717270.
Cyprus Securities and Exchange Commission (CySEC): Tickmill Europe Ltd is regulated by CySEC under license number 278/15.
Labuan Financial Services Authority (LFSA): Tickmill Asia Ltd is regulated by LFSA under license number MB/18/0028.
Tickmill Customer Protection
As per Tickmill reviews, customer protection is one of the core values of Tickmill. The company offers various account types, including a Tickmill demo account, which allows traders to test their strategies without risking real money.
Tickmill also provides a bonus program, which rewards clients with various bonuses for their trading activities. The broker uses the popular MetaTrader 4 platform, which allows access to a wide range of trading tools and features.
Trading Information
Tickmill provides a wealth of trading information to help its clients make informed decisions. The broker offers an economic calendar that is updated in real-time to help traders stay up to date with market-moving events.
In addition to the calendar, Tickmill also provides regular market analysis, educational materials, and a comprehensive FAQ section to help traders learn more about the markets and trading. The broker's website also features a news section that updates market events and news that may affect trading.
Tradable Instruments
Over 80+ currency pairs, including major, minor, and exotic pairs.
Tickmill also offers trading in CFDs on stock indices, bonds, and commodities, such as gold and oil.
Cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
The maximum leverage offered on major currency pairs is 1:500, while the leverage for CFDs is up to 1:200.
Clients can trade on the MetaTrader 4, MetaTrader 5, and WebTrader platforms, which offer advanced charting tools and trading features.
Tickmill Leverage
Tickmill offers competitive leverage rates across all their account types, which allows traders to increase their buying power in the market. The leverage rates vary depending on the asset class being traded and the account type chosen.
The maximum leverage for forex trading is 1:500 for retail clients and 1:30 for professional clients, while for stock indices, it is 1:200 for retail clients and 1:20 for professional clients. The maximum leverage for commodities is 1:100 for retail clients and 1:10 for professional clients.
Asset Class | Retail Clients | Professional Clients |
Forex | 1:500 | 1:30 |
Stock Indices | 1:200 | 1:20 |
Commodities | 1:100 | 1:10 |
Deposits and Withdrawals on AMarkets
Deposits
Tickmill provides various options for depositing funds into trading accounts. The deposit methods include bank wire transfers, credit/debit cards, and electronic payment systems such as Skrill, Neteller, FasaPay, and UnionPay.
Deposit Method | Currency | Processing Time | Minimum Deposit |
Bank Wire Transfer | USD, EUR, GBP | 2-5 business days | $100 or equivalent |
Credit/Debit Card | USD, EUR, GBP | Instant | $100 or equivalent |
Skrill | USD, EUR, GBP | Instant | $100 or equivalent |
Neteller | USD, EUR, GBP | Instant | $100 or equivalent |
FasaPay | USD | Instant | $100 or equivalent |
UnionPay | USD | Instant | $100 or equivalent |
Withdrawal
Withdrawals can be made through the same methods used for deposits. The processing time for withdrawal requests depends on the method used.
Withdrawal Method | Currency | Processing Time | Minimum Deposit |
Bank Wire Transfer | USD, EUR, GBP | 3-5 business days | $100 or equivalent |
Credit/Debit Card | USD, EUR, GBP | 1 business day | $10 or equivalent |
Skrill | USD, EUR, GBP | 1 business day | $10 or equivalent |
Neteller | USD, EUR, GBP | 1 business da | $10 or equivalent |
FasaPay | USD | 1 business day | $10 or equivalent |
UnionPay | USD | 1 business day | $10 or equivalent |
Tickmill Trading Education and Training
Tickmill provides a trading education and training program that offers traders a range of materials such as guides, videos, webinars, and courses. The program covers various topics such as technical analysis, fundamental analysis, risk management, and trading psychology.
FAQs
Can U.S residents use Tickmill?
Tickmill doesn't accept clients from the United States. Tickmill's decision to exclude U.S. residents is due to the stringent regulatory requirements imposed by the US authorities, including the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
How do I open a Tickmill Forex trading account?
Visit the Tickmill website and select "Open Account" from the menu at the top of the page, then select the account type that best suits your needs, fill in your personal information, complete the verification process, fund your account, download and install a trading platform, and start trading
Conclusion
Tickmill is a reputable forex broker with a user-friendly trading platform, multiple account types, and a wide range of tradable instruments. With the company's focus on transparency, safety, and customer satisfaction, traders can feel secure knowing that their funds are well-protected and that they have access to excellent customer support. Tickmill also offers competitive pricing and low trading fees, making it a great choice for traders of all levels.
Overall, Tickmill is an excellent choice for traders looking for a reliable and trustworthy forex broker. Its licenses and regulatory compliance, customer protection measures, and efficient deposit and withdrawal options are a testament to the company's commitment to providing a safe and fair trading environment.
