Tickmill is providing a transparent and fair trading environment. Tickmill is good for both new and experienced traders. It has competitive spreads and commissions which helps it position itself as a cost-effective option.
License and Regulatory Compliance: FCA, CySEC, FSA
Tickmill broker operates under the authorities of:
- Financial Conduct Authority (FCA) in the UK
- Cyprus Securities and Exchange Commission (CySEC)
- Seychelles Financial Services Authority (FSA)
Tickmill has a transparent and compliant operation, with no substantial incidents or fines to date recorded. Client funds are kept in separate accounts. This way, the assets are not used for any other purpose than the trading activities.
Spreads and Commissions: Low
Tickmill has a competitive fee structure. The spreads are very low, which allows traders to execute trades without significant costs.
The minimum deposit is: $100
You can start trading at just $100 minimum deposit.
Leverage 1:500
Tickmill offers rates up to 1:500, helping traders to maximize their trading position with a smaller initial capital.
Tickmill Welcome Bonus and Promotions: $30
Tickmill offers a $30 bonus which can be utilized for live trading without necessitating an initial deposit. This offer is mostly interesting for new traders who are looking to start their trading.
Tickmill offers a Trader of the Month promotion, a unique competition where each live account automatically participates.
Tickmill bonuses and promotions vary based on the region and the type of client account. For instance, certain promotions may not be available to clients in the UK or Europe due to regulatory requirements.
Get informed about eligibility, withdrawal conditions, and any other requirements associated with the bonuses and promotions offered by Tickmill. So be careful and read their Terms and Conditions.
Order Execution and Trading Speed: Rapid
When assessing Tickmill forex brokers, we prioritized information about order execution and trading speed. We found out that the traders are generally satisfied with Tickmill’s execution speed.
Speed is a critical aspect for traders, especially those involved in scalping or using automated trading systems, is the assurance that their trades will be executed swiftly and accurately.
Tickmill has a system that typically processes orders with minimal delay. Tickmill’s servers are located in the London Equinix LD4 data center, which is known for its robust connectivity and speed efficiencies.
Below are key highlights regarding Tickmill’s order execution and trading speed:
- Speed of Execution: in less than a second.
- Reputation: reliable execution.
- Technology: slippage is minimal.
Payment Options
Let’s check the deposit and withdrawal options:
Deposit Process: Fast, no Delays
To fund your Tickmill account you can deposit using credit/debit cards & electronic transfers. The e-wallets and payment processors supported include Sofort and PayPal which are the most popular ones.
Withdrawal Process: Instant to up to 48h
The funds can be withdrawn using the same methods as deposits.
Market Analysis and Trade Signals
Tickmill has remarkable market analysis tools and they are easy to read, which is crucial for making informed trading decisions. Let’s take a closer look.
- Fundamental Analysis: These include economic reports, news events, and financial indicators.
- Technical Analysis: Tickmill’s technical analysis tools, include different chart types, technical indicators, and graphical objects to spot trends and chart patterns.
- Market Trends: Tickmill pays close attention to market trends.
- Trading Signals: Tickmill offers trading signals..
- Risk Management: Efficient risk management strategies.
- Candlestick Patterns: Helps you with potential market directions and sentiments.
Account Types
We’ll check the features and benefits of the 3 primary account choices available.
| Account Type | Description |
|---|---|
| Pro Account | Pro Account is for seasoned traders looking for competitive spreads and commission rates. With a starting minimum deposit of just $100, this account provides the added benefit of Tickmill’s VPS service. |
| Classic Account | The Classic Account is an excellent choice for traders new to the market, enabling entry with a low initial deposit requirement of $100. This account gives you the option to use the Autochartist tool and additional trading instruments. |
| VIP Account | For high-volume traders and institutional clients, The VIP Account offers a premium experience. It has a high minimum deposit of $50,000 but rewards clients with personalized support through a dedicated account manager and prioritized customer service, and many other exclusive offerings. |
Trading Instruments
Tickmill offers 725 tradable items at your disposal, the possibilities for portfolio diversification are significant. The clients have access to a broad spectrum of assets, which includes:
Currency Pairs: Tickmill provides a diverse selection of currency pairs for those interested in the forex market.
- Indices: Tap into global markets by trading CFDs on major indices.
- Metals: Ideal for those looking to invest in precious metals like gold and silver.
- Bonds: A stable asset class, bonds are good for more conservative strategies.
- Cryptocurrencies: For the modern trader, cryptocurrencies offer a dynamic and innovative investment opportunity.
Traders looking for derivatives will find approximately 109 symbols for futures and options trading through a specialized account. The high leverage exceeds the usual industry standards, which presents an opportunity for traders aiming to operate with a higher leverage.
Trading Platforms
MetaTrader5 and MetaTrader 4. Each platform is tailored to meet the needs of different traders, providing a mix of accessibility and advanced features.
Required KYC Documents
| Document Type Examples | Required Details |
|---|---|
| Proof of Identity Passport, ID card | Photo, Full name, DOB, Expiry |
| Proof of Residence Utility bill, Statement | Full name, Current address 24/5 |
To begin the KYC process, the Tickmill team will ask you to upload the documents through the secure online client portal. Once submitted, the verification team reviews the documents for authenticity. If additional information is needed, they will contact you.
Customer Support and Assistance 24/5
Tickmill’s customer support is operational 24/5. Clients can reach out to the support team via chat, email and phone.
In summary, here’s a quick overview of Tickmill’s customer support:
| Support Method | Availability | Response Time |
|---|---|---|
| Live Chat | 24/5 | Immediate |
| 24/5 | Within 1 day | |
| Phone | 24/5 | Immediate |
- Low Forex Fees: competitive low forex fees
- Regulation: Tickmill is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions
- Spreads and Commissions: low 0.0 pips spreads and low commissions
- Execution Speed: one of the industry’s fastest execution times of 0.20s on average
- Trading Instruments: Access to +80 financial instruments
- Limited Product Portfolio: Tickmill isn’t ideal for those looking to invest in stocks, funds, or bonds
- Basic News Feed: Basic news feeds may not be enough for every trader
Frequently Asked Questions
What are the withdrawal experiences and feedback for Tickmill users?
Good. Tickmill users typically report a smooth withdrawal process..
How do users rate Tickmill on trustpilot and similar platforms?
Positive. Tickmill has received positive ratings on review platforms, indicating that traders appreciate their service quality and reliability.
What is the minimum required deposit to open an account with Tickmill?
USD 100.
Are US citizens eligible to trade with Tickmill?
No. Regulations and legal limitations typically restrict many international brokers from operating within the United States.
Does Tickmill offer competitive commissions compared to other brokers?
Yes. Tickmill is known for competitive commissions and tight spreads.
