Tickmill Reviews: A broker is the most crucial part for every budding trader, but people do not realise it and focus on other factors, thus, ignoring it. However, mind that a right broker can help you earn huge profits while the ordinary one just wants to collect from you. Broker reviews help immensely in this matter. It helps you spot the best broker for you, suiting your needs and requirements. Here’s we’ll present the users with the Tickmill review 2020.
Tickmill, a UK-based trading website, started serving its customers with trading services in 2014. The broker is licensed under the three top financial authorities of the world, i.e. FCA (Financial Conduct Authority), CySEC (Cyprus Securities & Exchange Commission), and Seychelles’ FSA (Financial Service Authority).
The broker offers three kinds of accounts; all of them are segregated for different investors, namely, pro, VIP, and classic. Just like a good broker, Tickmill helps the users with several other features like intense research & education material, a wide range of tools like Autochartist and forex calculators, and FREE demo account for a real-time experience.
The range of tradable assets with the Tickmill broker is currency pairs, indices, bonds, and commodities with leverage as high as 1:500.
The customers are protected with some policies like no negative balance, insurance up to a certain amount, and more. The Tickmill minimum deposit to start trading is $100.
Top Primary Tickmill Characteristics
There are a number of tools and analysers available for research, both technical and fundamental, on Tickmill for users. The UI and design of the research page are straightforward but look outdated.
Further, the broker also provides market analysis by experts, economic calendar, financial blog section for traders’ help, and dedicated “Client tools” section.
Tickmill offers the widely recognised Meta Trader4 trading platform for all its users. The platform is smooth and easy to use and understand. Both beginners and professional will have no problem in navigating through portals. Some of the notable features of MT4 are one-click trading, scalping, hedging, Robo trading, multiple chart frames at one screen, and many more.
The traders can use the platform in mobile, desktops, and web. Overall, the service of the broker is at par with every other counterpart as most of the brokerage firms use MT4 only. The platform aids the traders significantly by helping them make better decisions.
Types of Accounts:
There is a variety of Tickmill account types, segregated as per the level of expertise of the customer. There are three primary kinds of accounts, namely, classic, pro, and VIP. Apart from it, the trading website also provides an Islamic and FREE demo account service.
All accounts have a different purpose, charges, and features. Pro and classic type do not require any minimum balance in the account while the VIP users need to maintain at least $50,000. At the same time, the lowest spreads in the “Classic” account starts from 1.6 pips and 0.0 pips for pro and VIP.
Despite all this, every significant characteristic of all the accounts is the same.
Tickmill Customer Service Reviews:
Tickmill customer support service works well and is above average than the market. The customer assistants are available round the clock to help users with all their queries. All the answers given by assistance members were relevant, logical, and rational, and assisted in resolving the problems.
One can contact the broker via telephone, live chat, or email from Monday to Friday as there is no 24/7 service available. The response time was short in phone and email both but a little slow in live chat.
One noteworthy thing is that customer support was multi-lingual
The broker has a dedicated educational portal for all its users to help them gain knowledge and be better at trading. There is a wide range of content which includes videos, e-books, seminars, webinars, tutorials, and many other courses. The quality of the content was better than expected, and the broker provided an economic calendar for users’ help too.
There is a wide range of products available on the Tickmill broker website, but the number is still less than average. In total, there are more than 80 financial instruments available for trading, which includes 40+ forex pairs, 12 indices, four bonds, and four commodities. Accessible financial assets such as stocks, mutual funds, and ETFs are missing from the site.
Thus, a trader who wants to go with the forex trading might find it useful, but a stock investor might need to go for some other good broker like ROinvesting, HFtrading, or Oinvest.
Moreover, there is no charge or commission on buying or selling of any asset, but the spread might vary on the account type.
The broker offers several Tickmill deposit and withdrawal options for its users at no extra or hidden cost. The processing time is also fast and smooth, i.e. instant for deposits and one to two days for withdrawals. However, the range of base currencies available is less than its other counterparts like 2Invest or ETfinance.
One can add or take out the funds through many options, including bank cards, wire transfer, and e-wallets such as Skrill, Neteller, Dotpay, FasaPay, UnionPay, and many more.
The process to withdraw money is hassle-free and easy to understand for anyone. At last, make sure to be the minimum deposit amount of the broker which varies from account to account but starts from a minimum $100.
The broker is utterly safe to trade for both beginners and professionals. It regulates under three top financial bodies of the world, i.e. UK’s FCA (Financial Conduct Authority) with license number 717270, CySEC (Cyprus Securities and Exchange Commission) with license number 278/15, and Seychelles FSA (Financial Services Authority) with license number SD0008.
These top financial bodies mandate the brokers under them to work within certain boundaries and as per prescribed guidelines. Moreover, these authoritarians protect the consumer’s interest and their funds against several frauds.
The broker also works in the interest of customers only, offering negative balance protections and insurance of funds up to 85,000 Euro.
However, note that the broker does not hold any banking license neither is listed on any stock exchange.
The most important thing for beginner traders is cost and fees to trade. Tickmill sells themselves as a low-cost broker, but the spreads and charges still vary in different accounts. As told, the lowest spreads are 0.0 pips, but there is commission on some free spread trades.
Meanwhile, the essential factor for a professional investor is research material, an educational portal, range of assets, and safety of the broker. Tickmill has all three of them.
Apart from all this, note some essential core points like making yourself knowledgeable and skill full before starting, developing your style, and practise until you are sure about entering the market.
Have a good day!
“Here are the frequently asked questions about Tickmill.”
Where is Tickmill based?
Tickmill is based in the United Kingdom and Seychelles.
How does Tickmill make money?
Tickmill makes its money from spreads and commissions.
How do I deposit in Tickmill account?
You can deposit funds using credit/debit cards (VISA, MasterCard), various e-wallets (Skrill, Neteller, Qiwi Wallet, etc) or via international bank wire. If you live in Thailand or Vietnam, you can get a local bank transfer as well.
What is the minimum deposit for Tickmill?
The minimum deposit is $100 for Classic and Pro accounts, and $50,000 for the VIP account.
What is the max leverage in Tickmill?
Maximum leverage is 1:500 for Tickmill Seychelles, and 1:30 for Tickmill Europe and Tickmill UK.
How do I open an account with Tickmill?
Click on the “Create Account” tab in the navigation drop-down menu, choose your preferred account location by selecting the regulator (either FCA or FSAS) and fill in the details in the online form.