Welcome Back to Our Best Forex Broker Review Website. Today we are doing Tickmill Review. Tickmill is a multi-award-winning ECN broker that specializes in forex, indices, and commodities trading. This review explores the MetaTrader 4 (MT4) trading platform, assets, and markets, trading accounts, customer services, accepted countries plus deposit and withdrawal options. So if you are interested to know about this broker then keep reading this article.
Let’s started with this!
What is Tickmill?
Tickmill Ltd is part of the Tickmill Group, which was founded in the 1980s and comprises many trade firms. The broker now operates in over 200 countries, with a monthly trading volume of over 121 billion dollars.
Its headquarters are in London, but the firm has offices all over the world, with clients in Indonesia, South Africa, and Tanzania, as well as Vietnam, Estonia, Australia, and Malaysia.
Tickmill Prime and Tickmill UK, both based on the Isle of Man, are also part of the Tickmill Group Ltd.
Let’s quickly get into the details of Tickmill Review!
Tickmill: Regulations and Licensing
This section of Tickmill Review will unwrap the regulations behind this broker.
The Seychelles Financial Services Authority regulates Tickmill Ltd. (FSA). The Financial Conduct Authority has approved Tickmill UK Ltd. (FCA). Tickmill Europe Ltd is governed by the Cyprus Securities and Exchange Commission. These are well-known regulatory bodies that contribute to the broker’s high level of trustworthiness.
Tickmill: Trading platforms
In this part of Tickmill Review, we will discuss the trading platform offered by this broker. So here they are:
MT4 is the most popular forex trading platform because of its simplicity of use, dashboard customization, and feature set.
The following features are available to traders:
- EA trading
- Charting tools
- 50+ indicators
- Historical data center
- Order management tools
- Advanced notification system
The web-based interface does not require a program download because it is an online platform.
The following are some of the features:
- 30+ indicators
- Nine-time frames
- Real-time quotes
- Intuitive UI
- Customizable price charts
Mobile trading is available on Android (APK) and Apple (iOS) smartphones and allows you to trade on the go while keeping virtually all of the functionality of the desktop version. Users may use charts to analyze markets, price patterns, and trade immediately. Traders on the go can deposit cash, withdraw winnings, and take advantage of any incentives.
Tickmill: Trading Accounts
In this portion of Tickmill Review, we will highlight the trading accounts offered by this broker to its users. Tickmill offers its traders three account types:
In this account, CFDs on 62 currency pairs, key indices, bonds, and commodities are available to trade. There are no fees and variable spreads start at 1.6 pips. Beginners and experienced traders both can benefit from a Classic account.
This account is aimed at seasoned investors. Spreads start at 0 pips, with a fee of 2 currency units per side for each lot (0.0020 percent notional). The stop and limit levels are both zero. Stock indexes, oil, and bonds have no commission.
An account reserved for high-volume traders. The commission is paid on either side of each lot based on 1 currency unit. CFDs, stock indexes, oil, and bonds have no commission. Spreads start at 0 pips, and the minimum deposit is $50,000.
There is also the option of opening an Islamic trading account.
Tickmill provides a demo account for FX and CFD trading. The practice account is a wonderful way to get a feel for the MT4 platform, try out new tactics, and learn about new features without risking any money. From the broker’s webpage, you may open a demo account. The demo server also includes a lot of historical market data.
Tickmill: Assets and Markets
This segment of Tickmill Review will unwrap the variety of assets that this broker offers to traders. Traders have open access to a variety of tradeable instruments:
- Forex – Trade 60+ major, minor, and exotic currency pairings, including GBP/USD, EUR/GBP, and ZAR/USD, among others.
- Stock indexes – The FTSE, DAX, Dow Jones (US30), and NASDAQ are among the 14+ indices available (Nas100)
- Commodities – Trade WTI crude oil and precious metals including gold (XAUUSD) and silver (SLVUSD) (XAGUSD)
- Bonds – Invest in a variety of German bonds.
Spreads and Fees
The Tickmill Classic account has changeable spreads beginning at 1.6 pips and is commission-free. Spreads start at 0 pips for Pro and VIP account users, with low fees.
Up to $100 in transaction expenses are covered, however, inactive accounts may be assessed an inactivity fee. Positions kept overnight are subject to triple swap costs.
Tickmill: Deposit and Withdrawal Methods
This part of Tickmill Review will surely give you information about the payment methods that this broker offers. Bank transfer, Visa/Mastercard, Skrill, Neteller, and QIWI are all accepted payment options. A $100 deposit is required for Classic and Pro accounts, while a $5,000 deposit is required for VIP accounts. The least amount that may be withdrawn is $25. Payments can be made in EUR, GBP, USD, or PLN.
Go to the Client Area to make a deposit or withdrawal. The payment method has received mostly good feedback from customers.
This part of Tickmill Review will cover all the additional educational features that this broker offers to traders.
Tickmill also offers a variety of other tools to help traders, including:
- Free VPS
- News blog
- Economic calendar
- One-click (EA) trading
- Video lessons and seminars
- Forex & pip calculators
Tickmill: Customer Support
In this part of Tickmill Review, we will reveal the customer support services by this broker. Monday through Friday, 7:00 a.m. to 16:00 GMT, customer assistance is available via phone at +852 5808 2921 or by email at email@example.com. Live chat – look for the chat icon on the right side of the site.
From registration and verification papers to swap-free conditions, forgotten passwords, and account FAQs, the support team can assist with a variety of issues.
Security for Customers
Client money is stored in separate accounts since Tickmill’s internal systems are FSA compliant. Only secure deposit and withdrawal alternatives are available, and the broker complies with industry safety requirements. All clients have access to negative balance protection.
Tickmill: Accepted Countries
In this section of Tickmill Review, we will disclose the names of the countries accepted by this broker. Tickmill allows traders from Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar, as well as the majority of other nations.
Traders from the United States, Canada, Japan, Bangladesh, Nigeria, Pakistan, and Kenya are unable to utilize Tickmill.
Tickmill: Pros and Cons
This section of Tickmill Review will summarize the benefits and drawbacks of this broker.
- Demo account
- Hedging and scalping
- Simple login
- Several promotional offers
- Competitive average spreads
- A large selection of instructional tools
- No Cent or Micro accounts are accessible.
- Spread betting is not available.
- The MetaTrader 5 (MT5) platform is not available.
- Cryptocurrency and Bitcoin trading are not available.
- and services are not available to clients from the United States, Japan, or Canada.
Conclusion Tickmill Review
So we have got the end of this Tickmill Review. Tickmill is best suited to high-volume, high-balance traders that exclusively trade the most common FX and CFD assets. Unless you can afford the VIP account at Tickmill, which has extremely competitive pricing, there are better forex brokers to consider in 2021 due to a lack of platforms and a limited selection of markets. So if you are interested in trading with this broker then don’t forget to give it a try in Demo Account to see how things work in your case!