Tickmill

Tickmill is a company that helps people trade money in different countries. They do this through something called forex and CFD trading. It started in 2014 and quickly became a popular choice for traders around the world. One of the main reasons people like Tickmill is because it offers accounts with low costs, meaning it doesn’t charge a lot of money for its services. It’s also known for quickly setting up new accounts and offering competitive trading conditions.

Two brothers, Ingmar and Illimar Mattus, started Tickmill. They both know a lot about trading money from their experience in the forex industry. Tickmill is regulated in several countries like the U.K., Cyprus, South Africa, Seychelles, and Labuan in Malaysia. Tickmill has a lot of users, around 327,000, and employs about 250 people. Tickmill’s goal is to create a special trading experience for its customers while always making sure traders’ rights are respected.

When we check a company’s trustworthiness, we look at how stable and transparent it is. This means we see how long the company has been around, how big it is, and how much information it shares with its customers.

🏢 Headquarters UK (United Kingdom)
🗺️ Regulation FCA, FSA, CySEC, FSCA
💻 Trading platform: MT4, MT5, WebTrader, Mobile App
💰 Account currency: Tickmill.EU – USD, EUR, PLN, CHF, GBP. Tickmill.com – USD, EUR, GBP
💵 Withdrawal: Wire Transfer, Neteller, Skrill, Credit Card, PayPal, Visa, Mastercard, Przelewy, Sofort, Rapid Transfer
🚀 Minimum deposit: 100 US dollars
⚖️ Leverage: Tickmill.EU – to 1:30/1:300. Tickmill.com – to 1:500
💼 PAMM-accounts:
📈️ Min Order:
🎮 Demo Account Yes
💱 Spread: from 1.6 pips for the Classic account and from 0 pips for Pro and VIP accounts
🔧 Instruments: Instruments include currency pairs, commodities market assets, stock indices, stocks, bonds, and cryptocurrencies
📋 Orders execution: Market Execution
☎ Customer Support 24/5
📚 Education
Professional education center with seminars, webinars, video tutorials

Fees

Tickmill includes its fees in the spreads. The broker doesn’t ask for fees when you put money in or take it out. But, banks or eWallets in between might charge fees, and Tickmill can’t control that. According to our research, Tickmill doesn’t have extra fees, but the rules can change depending on the government and the broker. So, always check for the exact rules. Also, remember about overnight fees.

Pros and Cons

Pros Cons
  • Tickmill charges low fees for forex trading, which can save traders money.
  • Tickmill has expanded its range of markets, but it still offers fewer tradeable assets compared to top forex brokers in the market.
  • Tickmill is regulated by financial authorities such as FCA, CySEC, and FSCA, ensuring a level of security for traders.
  • Pricing for Tickmill’s Classic account isn’t as competitive as some other brokers.
  • Trades on Tickmill are executed quickly, taking an average of 0.20 seconds. There’s no requotes, so the risk of slippage is reduced.
  • Tickmill has discontinued the TradingView platform for futures and options trading.
  • Tickmill provides a social copy trading platform. This lets you mimic the trading strategies of successful traders.
  • Customer support at Tickmill is only accessible through email and live chat, lacking telephone support.
  • Tickmill offers an Islamic account option that follows Sharia law, making it suitable for traders adhering to Islamic principles.

Spreads

Tickmill gives you small spreads in prices on all platforms. There’s a small charge for each trade. You can use a lot of borrowed money for trading on CFD currencies, stocks, commodities, indices, bonds, options, metals, and more. For the EUR/USD pair, the average difference in prices is 0.3 pips, which is really good compared to other companies in the industry.

Tickmill Regulation and Security

The Tickmill group follows strict regulation in many important financial places like CySEC, FCA, FSA, FSCA, and Labuan FSA. These places make sure brokers do things the right way. If you work with a broker like Tickmill that has top-level rules, you’re safer because they have to be fair when they set prices and trading conditions for you.

Tickmill cares a lot about keeping its clients’ money and personal details safe. It’s a licensed company, which means it meets the strict standards set by regulators like the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). These rules make sure Tickmill always acts honestly, tells the truth, and looks out for its customers’ best interests.

To keep clients’ money safe, Tickmill keeps it separate from its own money. This means your money isn’t used for anything else and you can take it out whenever you want. Tickmill also joins financial services compensation programs when they’re available, which adds even more security.

Tickmill uses a lot of security measures to keep its trading systems and website safe. It uses something called Secure Socket Layer (SSL) encryption to stop people from getting into sensitive data. It also keeps an eye on its computer systems all the time and makes changes regularly to stop hackers in the future.

Is Tickmill Legit or Scam?

Tickmill is not a scam. It’s a safe broker with a good reputation. It offers low-risk Forex and CFD trading. Tickmill is regulated and licensed by the top financial authority FCA (UK).

Deposits and Withdrawals

Tickmill makes it easy to put money in or take it out of your account. They offer different ways to do this, but some options are only for people in certain countries.

To add money to your account, Tickmill offers many ways to pay. This is good because it gives you options, but you should check if the way you want to pay is allowed according to the rules. 

Here are some ways you can add money:

  • Credit/Debit cards
  • Bank Wire
  • Skrill
  • Neteller
  • UnionPay, and more

You can start trading with Tickmill with just $100, which is good if you don’t have a lot of money to begin with. However, if you want a VIP account, you need to have at least $50,000 in your account.

Tickmill doesn’t charge you any fees for moving your money around. Even if you’re moving a lot of money, as long as it’s more than $5,000, there are no fees. And if you’re moving less than $5,000, Tickmill covers the fees up to $100. When you want to take money out of your account, Tickmill usually does it within one working day.

Awards

Tickmill has grown quickly over the years. Industry leaders have given it many awards, which is really good for building a successful portfolio. Tickmill also regularly holds exciting promotions, which help to increase trading and improve even beginners’ chances.

Tickmill Leverage

At Tickmill, if you’re a professional client, you can use up to 500 times your money for trading. For regular customers, it’s up to 30 times. Remember, this high leverage only applies to major currency pairs. For other things you can trade, like gold or indices, the leverage is lower.

For regular customers, the maximum leverage for different things you can trade varies: 20 times for gold and major indices, 10 times for minor indices, and 5 times for bonds.

Using high leverage can be risky and you could lose all your money. If you’re not sure about trading, it’s better to avoid it unless you understand how it works or have experience. Don’t use too much leverage, as it increases your risk of losing money.

Investment Programs and Account types

Tickmill offers 5 different kinds of accounts: Pro, Classic, VIP, Islamic, and a demo account.

Here are details about the 3 most liked accounts:

Pro

Account

If you’re good at trading, the Pro Account is for you. It has low spreads and commissions. You need to deposit at least $100. With the Pro Account, you can use Tickmill’s VPS service to run EAs smoothly.
Classic Account The Classic Account is good for beginners who want to start with a small amount of money. The minimum deposit is $100. You can also use Tickmill’s Autochartist tool and other trading tools.
VIP Account The VIP Account is for big investors and institutions. You need to deposit at least $50,000. With this account, you get a personal account manager, priority support, and other special features.
Islamic Account Tickmill has an Islamic Account for traders who follow Sharia law. It doesn’t have swap fees. Everything else is similar to regular accounts, but there’s a handling fee if you keep positions open for more than three nights in a row. This lets Muslim traders join the financial markets while following Islamic finance rules.
Demo Account The Demo account is a safe way to try out Tickmill’s trading platform without risking real money. You can test your trading strategies using virtual funds. You can customize your preferences like platform, account type, currency, balance, and leverage. It’s helpful for both newbies and experts who want to try Tickmill’s products like forex, indices, commodities, and cryptocurrencies. The demo account doesn’t expire, so you can keep using it to improve your trading skills.

Trading Platforms

Tickmill supports MetaTrader 4 and MetaTrader 5. You can use these on the web, Windows, macOS, Android, and iOS devices. They also support CQG for futures and options trading. You can access these platforms through webtrader, Windows, macOS, Android Google Play Store, and iOS Apple App Store for mobile trading. Tickmill also has its own mobile app for trading on Android and iOS devices.

Customer Service

Tickmill has really good customer support that’s open 24/5 and speaks 16 languages, like English, Russian, Malay, German, Thai, Portuguese, Turkish, Korean, and more. You can get help by calling, emailing, or chatting live. There’s also a FAQ section for general questions. When we tested Tickmill’s support, we checked how well the agents knew their website, how quickly they answered questions, and how detailed their answers were. An agent replied almost instantly after we asked a question. We started by asking about Tickmill’s execution model and got a clear answer soon after. The agent was polite and knew a lot about different topics. They didn’t take long to answer my questions. Overall, we had a really good experience with Tickmill’s customer support.

Frequently Asked Questions

What is Tickmill?

Tickmill is a company that gives out prizes and is licensed to provide Forex and CFD trading. They offer great products and services with top-notch trading conditions.

Is Tickmill a trusted broker?

Tickmill started in 2014 and is known worldwide for CFD and forex trading. It follows rules set by financial authorities to keep your money safe. Tickmill works with top companies to give you safe trading with small price differences.

What is the lowest amount I can deposit with Tickmill?

The smallest deposit for Tickmill changes based on the kind of account you have and the money type. But it could be as little as $100.

Are there any charges for taking out money from Tickmill?

Tickmill doesn’t ask for money when you move money to and from Tickmill Wallets for Crypto deposits/withdrawals.

How do I start an account with Tickmill?

You can start an account on the main page of the website.

What trading platforms does Tickmill provide?

Traders can pick between MetaTrader 4 and MetaTrader 5.

Can I try out Tickmill without using real money?

Yes, you can make up to 7 demo accounts with one email address.

Is Tickmill good for scalping?

With low trading fees and fast trading times, Tickmill is great for scalping.

Is Tickmill good for auto-trading?

Yes, Tickmill’s platforms have Expert Advisors (EAs), they execute trades quickly, and the broker has a ‘best execution policy’. They also offer VPS hosting.

Is Tickmill regulated?

Yes, Tickmill Group entities are regulated by FCA, CySEC, FSA, FSA (Labuan), and FSCA.

How long does it take to withdraw money from Tickmill?

Wire transfers take about 1 working day, while other payment methods vary.

Does Tickmill offer VPS?

Yes, Tickmill provides VPS services where you can install any trading platform with your EA and let it run 24/7.

Which countries banned Tickmill?

Citizens and residents of Iraq, North Korea, Syria, Myanmar, Cuba, Iran, Iraq, North Korea, Cuba, Sudan, and the United States are not allowed to access Tickmill’s services.

Does Tickmill have a bank?

No, Tickmill does not operate a bank.

Tickmill Licenses

Tickmill Ltd Authorized by FCA (UK) registration no. 717270
Tickmill Ltd Authorized by FSA (Seychelles) registration no. SD008
Tickmill Europe Ltd (ex Vipro Markets Ltd) Authorized by CySEC (Cyprus) registration no. 278/15
Tickmill Asia Ltd Authorized by Labuan FSA registration no. MB/18/0028
Tickmill (Pty) Ltd Authorized by FSCA (SA), registration no. FSP 49464

Conclusion

Based on our experience, Tickmill stands out as a leading forex and CFD broker, offering diverse account options, fair spreads, and clear commission structures. Established in 2014 and headquartered in London, Tickmill impresses with its trader-focused services. Notably, it boasts ultra-fast order execution speeds of about 20 milliseconds, competitive fees, a wide range of tradable assets, and various trading platforms. We also appreciate the low spreads for Forex trading. Tickmill supports varied trading strategies and caters to both risk-averse and speculative traders. It suits high-frequency and longer-term trading needs, providing options for conservative and adventurous traders alike.

Tickmill

$30 Welcome Bonus