Tickmill is an online brokerage platform, popular as one of the most trusted CFD brokers. But is it worth your time and money? Let’s find out through this Tickmill review 2023.
Through this review, we’ll be taking an in-depth analysis of the Tickmill forex and CFD broker. A trader’s perspective which will help traders understand the services and offerings at the platform.
We’ll be covering aspects such as security, spreads, leverage available and the trading platform. In addition, is their customer support upto the mark and what all other features traders can access.
So, let’s dive in and take a look at Tickmill review 2023.
Tickmill Review 2023: At a Glance
| Official Website | www.tickmill.com |
| Minimum deposit | $100 |
| Trust Score | 82/99 |
| Trading Products | 295 |
| Year of Establishment | 2014 |
| Headquarter | London |
| Copy Trading | Yes |
| Maximum Leverage | 1:30 |
Tickmill Review: What Is Tickmill?
Tickmill is a forex and CFD brokerage company, operating under the name of Tickmill Ltd. The company is a member of the Tickmill Group and holds a licence from the Seychelles Financial Services Authority (SFSA).
The brokerage company started offering trading services in 2014. Since then, it has a proven track record of strong financial results. It has stable growth and has become one of the trusted market leaders and innovators.
The mission of the broker is to offer retail and institutional traders globally with exceptional services. The trading environment of the broker is such that it empowers them to reach their potential.
Tickmill Review: Is Tickmill Scam Or Legit??
Tickmill is a legitimate trading platform as it holds licences from top-tier financial regulators. The companies under the Tickmill Ltd Group are regulated by the world’s most reputable financial jurisdictions.
These below-mentioned licences ensure the security of the broker in the market.
- Seychelles Financial Services Authority (SFSA) {Licence no. SD008}
- Financial Conduct Authority (FCA) {Registration no. 717270}
- Cyprus Securities and Exchange Commission (CySEC) {Licence no. 278/15}
- Labuan Financial Services Authority (LFSA) {Licence no. MB/18/0028}
- Financial Sector Conduct Authority (FSCA) { Licence no. FSP 49464}
Other than these regulations, the company has registrations with top authorities. Below are the registration authorities:
- Financial Conduct Authority (UK)
- BaFin Federal Financial Supervisory Authority (Germany)
- CONSOB (Italy)
- ACPR (France)
- CNMV (Spain)
In addition, Tickmill has a 4 star rating out of 5 on Trustpilot. With all the regulations, registrations and rating it is clear that Tickmill is a secure trading platform. Traders can trust the broker for forex and CFD trading.
Tickmill Review: Available Trading Products
Tickmill has a range of products available for the traders. They can choose from the pool of more than 200 trading instruments.
Traders can access major financial markets such as forex, stock, cryptocurrency, indices, bonds and metals. Below we have discussed each one separately for better understanding:
Forex
- It offers them with 60+ currency pairs.
- Traders can learn about the market, its products and ensure good investment.
Stock Indices and Oil
- Tickmill provides traders with access to global stock indices and oil with exceptional trading conditions.
- Traders can have low spreads, access more than 14 indices, enjoy investment with average execution speed of 0.20s and have all trading strategies.
- Also, the maximum leverage offered at the platform is 1:100. In addition, the educational material on stock indices and oil is highly helpful for traders.
Precious Metals
- At Tickmill, traders can trade them using the MetaTrader4 and MetaTrader5 platforms.
- The spreads for metals are low, starting from 0, the average speed is 0.20s and leverage available is 1:500.
Bonds
- Traders can invest in bonds using the robust platform with the best trading conditions.
- It offers access to German bonds, all trading strategies, spreads begin from 0.0 and average speed of execution is 0.20s.
Cryptocurrencies
- Traders can go for long and short positions, average speed of execution of 0.20s and have 24/7 trading.
- The maximum leverage available for the crypto traders is 1:200.
Stocks
- It provides traders with reliable trading using MetaTrader5. Besides, there is no trading commission, dividend payments are available and average speed is 0.20s.
- Other than this traders have various trading strategies and leverage upto 1:200.
Tickmill Review: Account Types and Features
Tickmill users have various account options to choose from. They can select the suitable account type and trade with the best trading facilities and features. Here is a comparison of the Tickmill accounts to help traders find the best one.
These are live trading accounts with different features to cater the needs of both novice, and experienced traders.
| Features | Pro Account | Classic Account | VIP Account |
| Minimum Deposit | 100 | 100 | – |
| Minimum Balance | – | – | 50,000 |
| Available Base Currency | USD,EUR,GBP | USD,EUR,GBP | USD,EUR,GBP |
| Spreads From | 0.0 pips | 1.6 pips | 0.0 pips |
| Maximum Leverage | 1:500 | 1:500 | 1:500 |
| Minimum Lots | 0.01 | 0.01 | 0.01 |
| Commissions | 2 per side per 100,000 traded | Zero commissions | 1 per side per 100,000 traded |
| All Strategies | Available | Available | Available |
| Swap free Islamic Account Option | Available | Available | Available |
Also, traders can enjoy a demo account facility. They can practise trading with virtual currency with no market risk but live trade experience.
How to open an account with Tickmill?
To open an account with Tickmill, traders have to follow an easy procedure. Below are the steps traders can follow and have their live trading account:
- The initial step is to visit the brokerage website, www.tickmill.com and then on the top right side choose from a demo account or create an account option.
- The second step is to select between individual and corporate accounts. Traders who want to open a CFD account require personal ID and proof of address.
- The next step is to provide brokers with personal details. These are basic details to verify the clients. It has the client’s full name, date of birth, tick mark box if US citizen, and then click on the next button.
- After that, the fourth step is financial details and experience. Traders must provide their job description and income, income tax filing, and experience traders.
- In the fifth step traders provide their documents for verification. It can be a licence, address proof, passport and national identity card.
- The last step is review, verification and confirmation of the client’s access to the account. In these simple steps traders can open their Tickmill trading account and have their Tickmill login credentials.
How to verify a Tickmill Trading Account?
To verify the Tickmill trading account users have a simple and convenient method. They can upload their document with a clear picture to validate. The documents can be:
- Licence
- Government identification proof
- Bank statement (latest)
- Utility Bill
Tickmill Review 2023: Supported Payment Methods
Tickmill offers easy deposit and withdrawal of funds. There are various payment methods that traders can access at the platform.
It allows traders to use popular e-wallets for convenience. The payment option allows users to deposit and withdraw with ease. They can deposit in their wallets with a starting amount of $50,000.
For deposit, traders can use wire transfer, with a zero fee policy. It covers the transaction fees upto $100. Traders have to provide their bank statement or other confirmation document for the transferred deposit.
The deposit and withdrawal methods available are:
- Bank transfer
- Crypto payments
- Visa/mastercard
- Skrill
- Neteller
- Sticpay
- Fasapay
- Union Pay
- Web Money
For the withdrawal of funds, traders are required to raise a withdrawal request. The withdrawal will be in the base currency of the trader’s wallet.
Withdrawal of funds usually takes 1 working day to process.
How to deposit and withdraw funds at Tickmill?
The deposit and withdrawal at Tickmill is simple. Traders have to select the payment method when opening an account and with that they can easily have deposit and withdrawal of funds.
Here is the process:
- Visit the webpage of broker and login to the account
- Go to dashboard and click on deposit/withdrawal option
- Enter the amount of deposit/ withdrawal
- Deposit funds using the payment method within minutes.
- For withdrawal, traders must inform the broker first, then they have to wait for verification and validation by the broker.
- Once verified traders can have the withdrawal amount within a working day.
Tickmill Review: Available Trading Platforms
At Tickmill, traders can have access to two most popular trading platforms:MetaTrader4 and MetaTrader5.
MetaTrader4 is an easy to use platform while MetaTrader5 is an advanced version with technological support. Let’s analyse the trading platforms one by one and what Tickmill traders have in store.
MetaTrader4 (MT4)
MetaTrader4 platform of Tickmill is fully customisable. It is designed to provide traders with a trading edge. The platform is strong and standing still since its creation in 2005.
It has an impressive range of applications, provides advanced analysis, and offers design and testing. There is expert advisor support for the clients to trade efficiently.
Traders can use the platform to trade in all the products with CFD option. The execution of order is with no partial fall. It has advanced technical analysis, 50+indicators, customisable charting, and 39 languages to support traders.
In addition, there are trading signals with advanced notification.
MetaTrader5 (MT5)
MetaTrader5 is the leading trading platform. Traders can use it to have more powerful trading experience. It is an advanced version and is not similar to MetaTrader4.
The features of the platform are:
- CFDs on all assets available
- All types of order types
- 6 pending orders
- Superior algorithmic application
- 38+ integrated indicators
- 21 timeframes
- Multiple customisable charts
- Built-in economic calendar
Comparison of Trading Platform
| Features | MetaTrader5 | MetaTrader4 |
| Order execution type | 4 | 3 |
| Pending order types | 6 | 4 |
| Symbols | Unlimited | 1024 |
| Technical Indicators | 38 | 3-0 |
| Programming Language | MQL5 | MQL4 |
| Timeframes | 21 | 9 |
| Analytical Objects | 44 | 31 |
| Strategy Tester | Multi-threaded | Single thread |
| Trading Signals & Copy Trading | Yes | No |
| Reports | Charts & Tables | Tables |
| Economic Calendar | Yes | No |
Tickmill Review 2023: Spreads and Commission
Trading costs are an essential part of trading and traders should know what charges they have to pay. Spread is the differencTraders can have low spreads with the platform.
The spread differs with the accounts and trading instruments for the traders. However, the minimum spread starts from 0.0 pips.
The platform does not charge high commission from the traders. The accounts have different trading commissions. The Classic account has zero commission while the Pro and VIP account have different commission charges.
Pro accounts have 2 per side per 100,000 traded and VIP accounts have 1 per side per 100,000 traded.
Tickmill Review: Maximum Leverage
The maximum leverage available at the platform is 1:500. Traders can use it as per the instrument of trade.
Tickmill Review: Educational & Research Tools
Educational and research tools are necessary to understand the market conditions and make informed decisions. Traders can have several educational tools and research tools to enhance their market understanding.
The educational tools available are:
- Webinars
- Seminars
- Ebooks
- Video tutorials
- Forex glossary
- Infographics
- Fundamental analysis
- Technical analysis
- Articles
- Market insights
Research tools include:
- Autochartist
- Myfxbook copy trading
- Economic calendar
- Forex calculators
- Tickmill VPS
- Pelican trading
- Advanced trading toolkit
- Acuity trading
- Earnings calendar
- Signal centre
Tickmill Review: Is It Safe To Trade With?
Tickmill is a safe trading platform. The high security and regulations of the platform ensure that clients get maximum safety. The environment for trading is safe and traders have their funds and data protected.
The regulatory body and proper registration provide safety to the clients funds.
Tickmill Review: Customer Service
Tickmill provides traders with get in touch form to connect with the team. Traders can fill the form and contact the team to solve their queries. Other than this, traders can connect with the following:
- Email address: [email protected]
- Client support number with different offices
- FAQs
Alternative Option
InvestFw is a great option with traders to invest in forex and CFDs. Traders can consider it because of the excellent reputation it hasin the market. Traders can even have the modern technology and advanced features to trade online.
The top-notch services, customer support and low trading fees make it an excellent choice.
Tickmill Review: Conclusion
Tickmill is an award winning and trustworthy trading platform. Though this Tickmill review 2023, you may get a detailed analysis of the services and what is best for them at the broker’s platform.
Its top-notch services include the low spread, commission, high leverage facility and education and research tools. Other than this, the trading platform, easy deposit and withdrawals make it the best.
Overall, a good trading platform for retail and institutional traders.
FAQs
Are funds protected with Tickmill?
Tickmill is a regulated financial service provider. It has regulations of various authorities which make it a reliable platform. The funds are protected with the Tickmill platform and users can have a safe trading experience.
What are the advantages of Tickmill?
Tickmill is the best platform for forex and CFD trading. It is a good platform for traders as it offers low fees with spreads starting from 0.0 pips. Traders can have various payment methods and deposit and withdrawals are easy. Also, there are a range of products traders can invest in with the top-notch facilities.
Is Tickmill regulated?
Tickmill is a regulated platform. It has regulation of various authorities such as:
- Seychelles Financial Services Authority (SFSA) {Licence no. SD008}
- Financial Conduct Authority (FCA) {Registration no. 717270}
- Cyprus Securities and Exchange Commission (CySEC) {Licence no. 278/15}
- Labuan Financial Services Authority (LFSA) {Licence no. MB/18/0028}
- Financial Sector Conduct Authority (FSCA) { Licence no. FSP 49464}
Is Tickmill a secure trading platform?
Tickmill is a secure trading platform with regulations and registration with top authorities. These ensure high security for the client with a safe trading environment.
How do I deposit my funds at Tickmill?
Traders can easily deposit funds by visiting the website, going to the dashboard and going inside the client area. Traders can select the funding option and then deposit the fees.
Is Tickmill providing Cash or Futures CFDs?
Yes, Tickmill provides cash or futures CFDs. It allows traders to trade with a continuous price which is not subject to expiration date. Cash CFD is derived from underlying futures contracts.
When was Tickmill introduced?
Tickmill was introduced in 2014. Since then it has been growing strong and traders can have the best services.
What is Tickmill Bonus?
Tickmill provides traders with a bonus with its $30 welcome account reward. When traders open accounts they automatically receive $30 in their accounts. A complimentary bonus for the traders.
What is Tickmill reclame aqui?
Tickmill reclame aqui is the facility users have to post their complaints about the products and services offered at the platform.
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