Tickmill review (2022) Review
Tickmill is one of the young forex brokers in the financial market, which has been successfully operating since 2014, providing the trader with a “new way of trading” with low spreads, STP and DMA technologies, a transparent work process, no requotes, and innovative solutions. The company is headquartered in the Seychelles, but has representative offices and sales offices in several major cities around the world. We will try to reveal all activities in our review about the forex broker Tickmill.
Broker’s regulation
Tickmill is a group of companies regulated by the Seychelles Financial Services Authority (FSA), license SD 008, UK Financial Conduct Authority (FCA), registration number: 717270. In addition, Tickmill UK Ltd is a member of the UK compensation fund FSCS. Only customers registered under the British regulator can claim payments. Customer funds are held in segregated accounts. Personal account protection comes down to a complex password.
Trading instruments
The broker provides several types of assets for trading: currencies, bonds, and raw materials with metals. So, TickMill has about 60 currencies available for trading, and the average spread for the Eurodollar ranges from 0 to 0.3 pips. There are also stock indices in the list of assets – and, of course, you can trade the famous SNP-500, which scalpers use, trading the American super-volatile index with a spread of only 0.39 points. More than fourteen indices are available for trading, ranging from Italian to Japanese. And finally, TickMill’s distinctive feature is European government bonds. You can even trade German bonds.
Deposit and withdrawal of funds
Accepted account currency: USD, EUR, GBP, PLN. Among the available payment systems, we find bank transfer, plastic cards (Visa / MasterCard), Skrill, Neteller, FasaPay, QIWI, GlobPay. The broker does not provide a commission for input / output, but it can be charged by the payment system itself. Replenishment in most cases occurs instantly, the withdrawal request is processed within 24 hours.
Tickmill Demo Account
For those traders who are just starting to trade, the platform offers to open a free demo account. It has the same functionality as the real one, however, all operations are carried out with virtual currency, which means that the user does not lose anything. The client can test the instruments and chosen strategies, which will help hone their skills without the slightest risk, as well as familiarize himself with the full set of tools of the MetaTrader 4 platform. The user has access to a wide range of markets with the advantage of the lowest spreads on the market. To create an account, you must fill out the registration form:
Trading accounts
For trading financial instruments, Tickmill offers three types of trading accounts – Classic, Pro and VIP.
The main differences between accounts:
Trading account Classic
The minimum deposit is at least $ 100.
Floating spread from 2 pips.
There is no commission for one lot.
Instrument trading – WTI and government bonds (Germany).
Trading account Pro
Minimum deposit from $ 100.
Floating spread from 0.0 pips.
Commission per lot – 2 units (0.004%), except for CFDs on government bonds, indices and WTI.
Instrument trading – WTI and government bonds (Germany).
Trading account VIP
The minimum deposit is at least $ 50,000.
Floating spread from 0.0 pips and above.
Commission for one lot – 1 unit (0.002%), for all instruments.
There are no CFDs for WTI and government bonds (Germany).
Broker’s platform
Tickmill is considered to be one of the most user-friendly platforms among brokers. The practicality lies in the fact that it can be used directly in the browser without the need to install additional software. The user has a wide range of tools for comfortable work. The broker offers to use two trading platforms – WebTrader and MetaTrader 4.
- WebTrader is a platform that provides the easiest access to trading. It is the same MetaTrader 4 platform, but now it can be accessed directly from the browser. Such functionality allows you to get instant access to trading anytime, anywhere. The user can take advantage of spreads from 0 pips. Orders are executed in 1.5 seconds.
- MetaTrader 4 is a platform that was specially designed for traders. It has a user-friendly interface that the user can customize for himself, as well as a well-thought-out panel for working with orders. Also, the MT4 platform has advanced charting functions, special indicators, and also supports the MQL language.
TickMill technical support
The broker has responsive and fast technical support. Online chat available with a support operator, from 7:00 to 17:00 GMT time zone
Advantages and disadvantages
Advantages about the Tickmill broker:
- Low spreads
- Trading in advisors is allowed
- Scalping is allowed
Disadvantages about the Tickmill broker:
- lack of cryptocurrency
- lack of MT5 platform
Pros / Cons
Our Score
Tickmill is one of the young forex brokers in the financial market providing the trader with a “new way of trading” with low spreads, STP and DMA technologies.