Tickmill Review

Tickmill is a global group of companies that trade in forex instruments of trade from indices, commodities, and shares among many more. Tickmill was founded in Seychelles in 2014 and despite being young in the industry it has moved in giant strides to become a force to reckon with.

Trading Accounts

For a client who is willing to execute trades using the Tickmill platform, they are required to sign up for an account that they ill deposit funds to and execute trades on the various instruments available. Among the accounts that a client can opt for include:

1. The classic account.
2. The pro account.
3. The VIP account.
4. Islamic account.
5. The demo account.

The Tickmill Classic Account

This is one superb account that will give you an opportunity to access instruments globally all commission free. The features of this account include:

1. Minimum of deposit of 100 units of your respective base currency.
2. Accepts the dollar, the pound and euro as base currencies.
3. Spreads from 1.6 pips.
4. Maximum leverage of 1:500.
5. No commissions are charged at all.

The Tickmill Pro Account

Another lucrative account that gives you access to a range of trading instruments and also tighter spreads. This is an account type for high-rollers or those that want to stake more in trading.

The features of the pro account include:

1. Minimum deposit of 100 units of your respective base currency.
2. Spreads from 0.0 pips.
3. Commissions of 2 per side for every 100000 traded.
4. Maximum leverage of 1:500.

The Tickmill VIP Account

The VIP account is an account designed for the most loyal client who are experienced and trade using high amounts. For this account, you will fill up an online form and you will be alerted if your application has been approved. The features of this account type are:

1. Have a minimum balance of 50000 units of your respective base currency unit.
2. Accepts the dollar, the euro, and pound as base currencies.
3. Maximum leverage of 1:500.
4. Spreads starting from 0.0 pips.
5. Minimum lots of 0.01.
6. A commission charged at $1 per side for 100000 traded.
7. Market execution type.

The Demo Account

The demo account is an account type for beginners to learn about the basics or trading and also for traders who seek to polish their skills in trading. This account will let you trade as a demonstration using virtual cash in a simulated trading condition resembling the real trading conditions. The difference is that you will not be required to deposit any funds so no gain neither any losses incurred while trading.

The Islamic Account

The Islamic account is an account type designed for clients of the Islamic faith that operates in accordance to the sharia law.in this I does not have features that support interest gains which is against the Islamic law. It also is swap-free.

The Company. Security Of Funds.

Tickmill is a trading name for Tickmill UK that was formed with the need of providing exceptional trading conditions to all clients worldwide. Sticking true to its mission, Tickmill has been able to provide the best trading conditions that have seen it expand to a lot of countries worldwide with clients appreciating the service it offers.

Established by traders with experience in trading worldwide and also in the prestigious markets of North America and Europe, it has been able to borrow a leaf from these traders' combined ideas to provide a service that leaves all clients satisfied. This satisfaction is also achieved by having the best workforce that caters for the needs of all their client and shows them a way through when needed.

Tickmill is top firm when it comes to legitimacy with valid and updated licenses from the respective regulatory bodies in all countries and territories it carries out its operations from. This licenses set out rules that enable Tickmill to operate harmoniously with all its clients. Among the licenses Tickmill has in its possession include:

1. A valid license from the United Kingdom's financial conduct authority (FCA).
2. A valid license from Seychelles’ financial services authority (FSA).
3. A clean bill of operation from the Cyprus Securities and Exchange Commission (CySEC) from Cyprus.

In keeping up with the set rules and standards from these regulatory bodies, Tickmill has put a major insistence on the security and safety of clients’ funds entrusted to them. Among the measures employed to maintain the safety of these funds include:

1. Use of segregated accounts to keep clients’ funds separated from the company’s funds.
2.  Negative balance protection.
3. Using the services of credible banks in the storage of client’ funds.

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit is $100 that will serve as your base trading capital in the execution of trades.

Leverage

The maximum leverage is at 1:500 while the minimum is at 1:30.

Spreads

Spreads starting from 0.0 pips.

Trading platforms

Tickmill has the best selection in trading platforms that gives clients an access to among the most lucrative features that enhance their trading experience. The platforms that Tickmill uses are the Meta Trader 4 platform and the webtrader platform.

The Meta Trader 4 Platform

This is one of the best trading platforms from Metaquotes that comes with a host of features under its wings promising a very comfortable trading experience. Among its features include:

1. Easily customizable platform.
2. User-friendly interface.
3. Available for both pcs and mobile phone devices.
4. Has a host of advanced features in charting, drawing and analytical tools.
5. Offers expert advisors trading facilities.

The Tickmill Webtrader Platform

The webtrader platform is also supported by the Meta Trader 4 platform and is accessible as a webpage. It is easily accessible and compatible with a host of devices and browsers. The features of the Tickmill webtrader platform are:

1. Easily accessible.
2. Compatible with a host of browsers.
3. Customizable price charts.
4. Provides real-time quotes.

Promotions

The following are the promotions currently being offered by Tickmill.

1. The $30 welcome account bonus without having to make a deposit.
2. Trader of the month cash price of $1000 for the best client in risk and money management.

Deposits And Withdrawals

Deposits and withdrawals are very easy to handle and are totally hassle-free. Tickmill utilizes the services of the most credible payment channels in the processing of your funds and includes Dotpay, Neteller, Visa and MasterCard, and Bankwire among others. No commissions are charged at all in either transactions and processing time ranges from a matter of seconds to being instant.

BRIEFLY ABOUT Tickmill

Despite being a newcomer to the sector, Tickmill can surely hold its place in the table of the best forex traders. This is a commendable trader for both new and experienced clients. A peek into Tickmill customer comments and reviews will encourage you to deal with this credible brokers.