Tickmill Review

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.

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

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:

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

Tickmill Licenses

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.

Related News:

• Tickmill’s Business Development Director Carla Nemr Resigns

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