Tickmill Review 2023: Platforms, Regulations & More

Tickmill is an online trading company that offers foreign exchange and CFD services since 2014.

Tickmill Main Highlights

🚀 Minimum deposit:	100$
⚖️ Leverage:	1:500
🛡️ Regulations & Licenses:	FCA, CySEC, SFSA
💵 Deposits/Withdrawals:	Bank transfer, e-wallet, credit card, debit card, crypto-wallet
💻 Trading platform:	MetaTrader 4, MetaTrader 5, WebTrader, Mobile app
🌙 Islamic Account:	Yes
🔗 Main domain:	tickmill.com

A Look at Tickmill

Tickmill is a regulated financial services provider, approved by the Financial Conduct Authority (FCA) of the UK. It works with leading liquidity providers to offer customers the best prices and reduce the risk of trading.

Tickmill’s broker forum stands out from other top forex brokers because it offers low commission fees. This helps users save money no matter what their trading strategy is. Additionally, Tickmill is working to reduce swap rates, which lets traders keep positions open for longer without sacrificing profits.

Tickmill Account Types

Tickmill provides traders with an opportunity to invest in the foreign exchange market at competitive prices and low commissions. The firm’s tight spreads make it an attractive option for traders looking to make money from their investments.

Pro account

The Pro Account from Tickmill is a great choice for investing and trading. The users get to access direct market average spreads, with competitive spreads as low as 0.0 pips depending on the foreign exchange market. The liquidity of financial institutions and markets is provided to traders, plus they also get to pay a commission fee determined by their daily trading volume.

Each lot of 100,000 carries a fixed commission fee of $2, and they get a 5% discount on each trading commission.

VIP account

The VIP Account is a great choice for high-volume traders. This type of account requires a minimum deposit of $50,000 and provides low trading fees.

This means that traders can make more money because they only pay $1 per trading lot and $2 per trading session. The VIP Account also gives traders the ability to place limit orders and market orders when the prices of assets are favorable.

• Low trading fees compared to other brokerages.
• Opportunity to experiment with different strategies without added costs.
• Automated trading is highly accurate and profitable.
• Trades are executed quickly and losses are minimal.
• No slippage and high liquidity levels

Islamic account

Tickmill offers all Muslim clients the opportunity to open any of its Classic, Pro or VIP accounts and convert them into Islamic accounts. This type of account is often referred to as a ‘swap-free’ account as it does not incur any interest on overnight positions, which is in keeping with Muslim beliefs. With this account, Muslim clients can enjoy the best trading conditions available.

• Available base currencies: USD, EUR, GBP
• Execution model: NDD
• Execution type: market execution
• Average execution speed: 0.20 seconds
• Margin Call / Stop-out: 100% / 30%

Tickmill Top Features

The main characteristics of Tickmill accounts:

Investment offerings

Tickmill offers customers the chance to trade in over 85 different types of instruments, including currency pairs, stocks, CFDs, bonds, precious metals and indices. Investors from all around the world use Tickmill to trade in global forex, stock CFDs, stocks, and cryptocurrencies. It also provides copy trading, demo account trading, and social trading.

Trading fees and commissions

Tickmill is a great option for beginners but experienced and VIP traders find it even more appealing. It offers competitive prices and low fees for trading different types of regulated assets.

The main features of Tickmill’s fee structure are:

Classic accounts

No commission fee is required when trading through the Classic account on Tickmill’s website. Instead, one must pay the difference between the bid and ask prices, known as the spread. The spread for the Classic account is usually higher than other accounts, making it less popular with beginners and other traders.

Spread prices

Tickmill’s Pro Account offers traders a spread of 0.13 pips for EUR/USD currency pairs. When including the RT commission of 0.4 pips, the total trading cost is 0.53 pips. This spread is recorded under normal market conditions when spreads are relatively small.

Discounts for active traders

Tickmill offers three different deals for active traders. The starting rate is $0.25 for every standard lot traded up to one thousand micro-lots each month. For those who trade more, the highest rate is $0.75 for transactions of three thousand standard lots or more per month.

Trading instruments and platforms

Tickmill offers the MetaTrader 4 platform to trade and invest in different financial instruments. They also provide Autochartist, a tool that helps customers interpret market conditions by using charts and graphs.

With 51 charting indicators and 31 charting tools available, customers can analyze conditions and make informed CFD trades. To support algorithmic trading, VPS hosting is provided, allowing access to the MT4 and MT5 platforms.

Tickmill Regulations and Licenses

• FSCA (Financial Sector Conduct Authority)
• FSA (Financial Services Authority)
• Financial Conduct Authority FCA
• LFSA (Labuan Financial Services Authority)
• CySEC (Cyprus Securities and Exchange Commission)

Tickmill Deposits and Withdrawals

It is easy and quick to deposit and withdraw money from a Tickmill account. It accepts payments by bank transfer, e-wallets, credit and debit cards, and crypto-wallets, with no extra fees. The broker’s transaction processing system is fast and reliable.

Withdrawals are usually instant, but it can take up to 24 hours for bank transfers to be cleared. The broker provides strong financial security, and sends a payment confirmation message and email as a receipt once the payout is cleared.

Deposit of funds

At Tickmill, new investors must make a deposit of at least $100 to open an account. This platform accepts deposits in USD, EUR, GBP, and PLN, as well as cryptocurrencies like Bitcoin, Litecoin, and Ethereum.

Beginners can start trading with a lot size of 0.01 lots on the base currency pair, and the position size is small for this amount. This allows even those with limited funds to participate in the financial markets without any problems.

Tickmill brokers allow customers to deposit funds in 10 payment systems, such as bank transfer, credit card, Skrill, Neteller, STICPAY, FASAPAY, UnionPay, NGANLUONG.VN, QIWI, and WEBMONEY. There is no deposit fee, but the customer may need to pay for international bank transfers. The funds deposited on the platform are safeguarded by the top financial institutions in Europe.

Withdrawal of funds

Tickmill’s various brokers ensure that withdrawals are processed securely. After closing the trading session, traders must select the preferred payment method and enter the amount to be withdrawn to request a withdrawal.

There is no fee charged by Tickmill for withdrawing money, and users only need to submit the request and wait a day to receive the minimum withdrawal amount in their account. Just like depositing funds, withdrawals are also possible using ten different payment methods.

You can withdraw at least $10 from the platform using various methods, such as bank transfer, web money, Qiwi, Nganluong.vn, Unionpay, Fasapay, Sticpay, Neteller, Skrill, credit cards, and wire transfers. If the amount you are withdrawing is high, you may be asked to submit identity documents for verification.

Tickmill Products

Tickmill offers secure trading of a variety of products, such as cryptocurrencies, government bonds, commodities, stock indexes, and more. However, it does not permit CFD trading of exchange-traded funds (ETFs), unlike other brokers.

Oil and stock indices

Tickmill provides traders access to eight different stock indices, including well-known ones like the UK100, and commodities like oil and natural gas, with no commission fees and no hidden markups. The average spread for trading in the UK100 indices is only 0.9 pips, and there are no requotes or additional fees. This favorable trading environment ensures that traders can make good returns on their investments.

Forex

Forex trading is a popular activity on Tickmill. It is a profitable venture on Tickmill as trading is executed quickly and spreads are low. Leverage can go up to 1:500 and spreads start from 0.0 pips. Plus, there are no requote trading costs or limits on trading.

Cryptocurrency

Crypto fans can buy and sell big cryptocurrencies such as Bitcoin, Ethereum, and Litecoin through Tickmill’s MetaTrader 4 platform.

Bonds

The online trading platform helps traders take advantage of the opposite connection between bond prices and interest rates and profit from the economic security of national treasuries by buying and selling bonds in local and international markets.

Precious metals

Tickmill gives clients the opportunity to diversify their investments by trading in gold and silver. These precious metals can be traded against the US Dollar with low spreads and high liquidity, allowing for potential profits. Additionally, Brent and WTI can also be traded on the platform.

Tickmill Trading Platforms

Tickmill app

The mobile trading platform of Tickmill is extremely useful and perfect for learning how to trade. It is user-friendly and easy to use, providing access to Tickmill’s services and charting tools.

You can download the Tickmill mobile app from the app stores of Android, Windows, and iOS, and sign in to the platform to do mobile trading on the go. The app also lets you contact the brokers for initial investing advice, making it a must-have to use its key features.

WebTrader

Tickmill’s WebTrader provides a secure and easy-to-use platform for trading. With one-click trading, traders can open and close positions quickly and manage their risk efficiently. Advanced charting features are also available. All data is kept secure with encryption.

• Real-time quotes in the Market Watch.
• Customizable price charts.
• 9 different time frames.
• Direct access through all modern browser.
• 30+ Indicators.
• Complete trading history.
• Securely encrypted data transmission

MetaTrader 5 and 4

Features of MT5:

• CFDs on Forex, Stock Indices, Stocks, Commodities, Bonds and Cryptocurrencies.
• All types of trade orders are supported. 6 types of Pending orders, including Limit, Stop and Stop-Limit orders.
• Superior Algorithmic applications including Expert Advisors, Trading Robots and Copy Trading.
• 38+ integrated Indicators, 21 timeframes, multiple customisable charts.
• Built-in Economic Calendar

Features of MT4:

• User-friendly
• Language capabilities
• Instruments
• Slippage
• One-click trading
• Alerts
• Analysis & tools
• Algorithmic trading
• Multi-account management

Related article: City Index Review 2023: What you need to know | Brokers Times

FAQs