Tickmill Review

Author By Jeffrey Cammack Author Information Updated: October 28, 2020
Overall Rating
4.34 4.34 / 5
Rated #9 of 49 Recommended Brokers
Min. Deposit
USD 100
Max. Leverage
500:1
Min. Spread
0.0 pips
Regulators
Regulator Origin
Trading Desk Type
AlertMost retail CFD accounts lose money. Your capital is at risk.

Summary

Built by traders, for traders, Tickmill offers low spreads and commission on both ECN and traditional accounts. All accounts feature ultra-fast STP execution (0.15s on average and no requotes) and support for the MT4 platform with all strategies allowed.

Regulated by the FCA in the UK, CySEC in Europe, and the Seychelles FSA internationally – and a regular winner of trade execution and trading conditions awards – Tickmill also offers 80+ instruments to trade alongside dedicated multi-lingual support and negative balance protection.

Reviews

Regulation
111104/ 5
Trading Conditions
111115/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
11110.54.5/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Bonuses
$30 Welcome Bonus

Trading Conditions

Min. Deposit
USD 100
Base Currencies
USD, EUR, GBP, PLN
Fx Pairs
60+
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap Free Accounts
Yes

Average Spreads

Euro/USD
0.2
GBP/USD
0.9
USD/JPY
0.6

Company Details

Company Name
Tickmill Ltd
Founded
2014
Type
Regulators
Office Locations
Eden Island, Mahe

Is Tickmill safe?

Tickmill Ltd is regulated by the Seychelles FSA (license: SD 008) and has been regulated by the FCA (license: 717270) since 2016. CySEC has regulated the European entity, Tickmill Europe Ltd (license: 278/15) since 2015.

Tickmill’s quality and popularity amongst traders have been noticed and rewarded by its industry peers; in recent years the company has won awards for Best CFD Broker Asia 2019 (International Business Magazine), Best Forex CFD Provider 2019 (Online Personal Wealth Awards), Best Forex Execution Broker 2018 (UK Forex Awards) and Best Forex Trading Conditions 2017 (UK Forex Awards).

More importantly for potential customers, Tickmill were recipients of the Most Trusted Broker 2017 (Global Brands Magazine) for a continual focus on keeping pricing competitive and maintaining a fair trading environment.

Trading Conditions

All accounts at Tickmill offer STP market executed trades in 0.1 seconds on 62 currency pairs in addition to CFDs on stock indices, metals, and bonds, without any dealing desk interference. Tickmill does not offer cryptocurrency CFDs.

The margin call and stop-out percentage differ for the retail and professional versions of the accounts where the margin call to stop-out for retail clients is 100% to 50%, and professional is 100% to 30%.

Clients can choose between four wallet currencies – USD, EUR, GBP, and PLN.

Account Types

Tickmill offers three different live accounts in addition to the demo account. While trading conditions improve with the account type, the main differentiating factor is the initial deposit required.

Display Name
Min Deposit
Max Leverage
Min Spread
Commission
Brokers
Classic
USD 100
500:1
1.6
None
Account Details
Pro
USD 100
500:1
0.0
Variable
Account Details
VIP
USD 50000
500:1
0.0
Variable
Account Details

Demo Account – A demo account is available for new traders and will remain open until there is no login for seven consecutive days.

Classic Account – This entry-level account requires a minimum deposit of 100 USD, and, like all Tickmill accounts, offers a Swap-free Islamic account option. The spreads start at 1.6 pips and maximum leverage is 1:500 – note that this is the only account that uses wider spreads instead of charging a commission on each trade.

Tickmill Account Types

Pro Account – This account, also with a Swap-free Islamic option, requires a 100 USD minimum deposit and is the entry-level account for professional traders. Tighter spreads are available in exchange for a commission of 2 USD per side per 100,000 (a standard lot) traded. This commission pricing and structure is an industry-standard and is in line with what other STP brokers offer clients for the same services.

VIP Account – This account, with the same swap-free Islamic option, is for high volume professional traders and requires a 50,000 USD minimum deposit. The commission is reduced to 1 USD per side per 100,000 (a standard lot) traded which makes trading even more profitable. This is a very competitive professional account and offers excellent trading conditions.

Spreads and Commissions

The minimum spread on the classic account is 1.6 pips with zero commission. The minimum spread on the Pro and VIP accounts is 0.0 pips with a commission of 2 USD per side per standard lot trade and 1 USD per side per standard lot traded, respectively.

Deposit and Withdrawal Fees

Tickmill takes deposits through a variety of global and local methods, under a Zero Fees Policy. They include:

  • Visa/Mastercard
  • Bank transfer
  • Neteller/Skrill
  • STICPAY
  • fasapay
  • UnionPay
  • NganLuong.vn
  • QIWI
  • WebMoney

The Zero Fees policy means that Tickmill will reimburse traders for any fees charged up to 100 USD. If you were charged, submit a copy of the bank statement showing the charge, and the amount will be credited. Should the trading account become inactive, Tickmill reserves the right to start reimbursing transfer fees.

Tickmill for Beginners

Tickmill does not have a traditional introductory course, but they do publish webinars and seminars to help new traders get their footing. They have also made available a detailed ebook which many new traders will find useful. Additionally, while the analysis blog and TradingView analysis tools do not explain the basics of trading, they do offer new perspectives on currency markets.

Educational Material

For new traders, Tickmill’s main resource is its downloadable ebook, but the webinars and seminars are also of great assistance.

The 46-page ebook, titled The Majors – Insights & Strategies, is well illustrated and a suitable replacement for an online course for beginners. The ebook covers Forex Trading Basics and how Forex trading works, an introduction to the Major Currency Pairs, Trading Strategies and the major types of Forex analysis. The ebook ends with a section of top tips which will give traders more confidence in their decisions.

Webinars are run in four languages (English, Arabic, Italian and German), and all previous webinars are available in an archive. The webinar subjects vary from more fundamental concepts like News Trading Strategies to Technical Analysis and Chart Theories like Standard Elliot Wave Models.

Tickmill has a schedule of free seminars around the world, which introduce traders to new areas of learning and also allows clients to meet brokers in person and create relationships.

Analysis Material

The Tickmill research team runs a regular blog which covers topics that relate to both fundamental and technical analysis. Research often covers different currency pairs and encourages traders to learn about market-moving events outside of conventional news sources.

The blog is open to all readers and Tickmill allows traders to contact the author with questions about their article. This is unique among brokers, who typically shy away from one-to-one contact with traders when it comes to discussing specific investments.

Tickmill is also active on their TradingView Pro account where analysts are continually marking up charts. Even if traders are not going to take advantage of these trading opportunities, they are a great way to learn technical analysis from the pros.

Trading Platforms

Tickmill supports MetaTrader4 (MT4) and the associated web and mobile applications. MT4 is the industry leader and the most common trading platform for CFD traders.

There are many advantages of signing up with an MT4 broker and using MT4 for trading:

  • The MT4 community is vast, as is the amount of the text and video resources to support both new and experienced traders.
  • The MT4 EA (Expert Advisor) community of developers is very active, so renting or buying algorithmic trading software is very easy.
  • MT4 has very low system requirements, so a new device or computer is not necessary to get started.

Trading Tools

Tickmill also provides a number of useful trading tools.

AutoChartist is a third-party automated chart analysis tool which scans the markets for volatility and notifies traders of relevant trading opportunities. Since it integrates into MT4, information is available inside the trading view and adds little complication to the platform while providing additional analysis. Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Tickmill offers AutoChartist free of charge to all live accounts and the demo account on a delay of five candlesticks.

Another common third-party trading tool available on Tickmill is Myfxbook AutoTrade, which is a cross-broker social trading platform that allows for copy trading without the need for additional software.

Channel Down on US Dollar South African Rand

The One-click trading MT4 Expert Advisor (EA) is designed to make common trading mechanisms more accessible, which facilitates trading and removes unnecessary navigation between windows and charts. This EA does not overly simplify MT4, but it does make trading on the platform less complicated.

Tickmill VPS has partnered with BeeksFX to provide discounted VPS services to clients. While many brokers will include VPS as a free service for active traders, VPS has chosen to partner with a leading 3rd party provider and asks clients to take on the additional cost.

Mobile Trading Apps

MetaTrader4 (MT4) is also available on IOS, Android and Windows mobile phone and tablets. The app will connect to the same account as the desktop software, keeping the trading experience synchronised, and traders mobile.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Tickmill offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Tickmill Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Tickmill would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with Tickmill Ltd.

Overview

Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. With a strong education section, additional premium tools offered to traders for no extra cost, and good trading conditions, Tickmill should be a top choice in Forex brokerage.

 
AlertMost retail CFD accounts lose money. Your capital is at risk.
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.34/ 5
USD 100
STP
Cryptocurrencies, Forex, Equities, Bonds
60+
1
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
  • MT4 only
111104/ 5
111115/ 5
111104/ 5
11110.54.5/ 5
11110.54.5/ 5
11110.54.5/ 5
111104/ 5
73% of retail investor accounts lose money when trading CFDs with this provider
500:1
0.0 pips
Yes
Yes
Classic, Pro, VIP
Yes
MT4
Bank Transfer, Mastercard, Neteller, Fasapay
4 USD / lot - Pro Account
1110.503.47/ 5
USD 100
STP
Commodities, Forex
32
0
  • ZAR Accounts
  • Fast and free withdrawals
  • Local regulation only
  • No swap-free account option
111003/ 5
111003/ 5
111104/ 5
11110.54.5/ 5
1110.503.5/ 5
1110.503.5/ 5
1110.503.5/ 5
of retail investor accounts lose money when trading CFDs with this provider
30:1
0.6 pips
Yes
Yes
Basic, Premier, Standard, VIP
Yes
MT4
Bank Transfer, Visa, Mastercard
Fees Included in Spread
1110.503.52/ 5
USD 500
STP
Forex, Equities, Cryptocurrencies, Commodities
40
5
  • Well regulated
  • Great platform choice
  • Innovative trading tools
  • High minimum deposit
  • Expensive withdrawals
  • Limited account options
111104/ 5
111104/ 5
11110.54.5/ 5
100001/ 5
110002/ 5
111104/ 5
1110.503.5/ 5
N/A of retail investor accounts lose money when trading CFDs with this provider
30:1
0.2 pips
Yes
Yes
live account
Yes
MT4, MT5
Visa, Bank Transfer, Skrill
€/$5 per 1 lot
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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