Tickmill review
Tickmill
Tickmill is a globally recognized international broker that offers trading opportunities in currency pairs and CFDs (Contracts for Difference) to traders in over 200 countries worldwide. However, it's important to note that Tickmill does not accept traders from the United States due to local regulations.
The broker is well-regulated across multiple jurisdictions, ensuring a secure trading environment. Regulatory authorities overseeing Tickmill's operations include the Seychelles Financial Services Authority (FSA), the Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA), the Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (Labuan FSA), and the Financial Sector Conduct Authority (FSCA).
Tickmill prides itself on providing professional customer support, accessible through live chat, email, and phone. Traders can rely on prompt assistance and expert guidance when needed.
In addition to exceptional customer support, Tickmill offers extensive educational resources and a range of tools for market research. Traders can benefit from features like Autochartist, Myfxbook Copy Trading, Economic Calendar, Forex Calculators, VPS, Earnings Calendar, and more. Tickmill also fosters a strong trading community and supports social trading. Traders have the option to become signal providers, earning additional income by sharing their trading strategies, or they can automatically replicate the trades of successful traders using their trading platform.
Tickmill offers two popular trading software options: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It's important to note that if you intend to trade not only currencies but also stocks and ETFs (Exchange Traded Funds), it is recommended to use MT5. MT4 was primarily designed for Forex trading and lacks the advanced tools necessary for multi-asset trading.
When it comes to asset diversity, Tickmill provides a wide range of tradable instruments, including FX pairs, commodities, indices, crypto derivatives, ETFs, bonds, and CFDs on stocks. Traders can access a variety of markets within a single platform.
Overall, Tickmill offers a regulated and secure trading environment, backed by comprehensive educational resources and powerful trading platforms. Traders can access various asset classes and benefit from a vibrant trading community.
Countries
Afghanistan, Albania, Algeria, Andorra +174 more
Regulations
CySEC, FCA UK, FSA Labuan, FSA Seychelles +1 more
Account currencies
EUR, GBP, USD, ZAR
Assets
Bonds, CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals
Platforms
MT4, MT5
Deposit methods
Bank Transfer, Credit Card, Crypto, Fasapay, Neteller, Skrill, UnionPay, WebMoney, STICPAY
Others
Segregated accounts, Copy trading, Demo account, Exotic Pairs, Expert Advisors, Fast withdrawals, options.others["Hedging"], High leverage, Lowest minimum deposit, Lowest spreads, Micro Lots, Negative balance protection, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free
Promos
Welcome bonus, Live tournaments
Visit brokerTickmill recognizes the diverse needs of traders and offers three distinct account types to cater to their preferences. Additionally, the broker provides demo accounts for practice purposes and swap-free (Islamic) accounts for those who require them.
The Pro account type is tailored for active traders such as intraday traders, scalpers, high-frequency traders, and algorithmic traders. Pro account holders benefit from market spreads, while fees are charged as commissions at a rate of 2 account currency units per side per 100,000 traded.
For beginners, swing traders, and position traders, the Classic account type is available. Although this account type does not incur commissions, traders are subject to spreads starting from 1.6 pips. It is important to note that this spread markup is relatively higher compared to what other brokers offer.
Both the Pro and Classic accounts have a low minimum initial deposit requirement of 100 USD. However, to open a VIP account, traders are required to maintain a balance of 50,000 account currency units or higher. The VIP account offers premium trading conditions with no spread markups and commissions set at 1 account currency unit per side per 100,000 traded. Active traders find the VIP account particularly attractive due to its lowest spreads.
Tickmill supports multiple account currencies, including USD, EUR, GBP, and ZAR, providing flexibility for traders to choose their preferred currency.
It is important to be aware that while Tickmill offers a maximum available leverage of 500:1, the leverage numbers may vary in regions with stricter regulations, such as the UK. In compliance with the restrictions set by the Financial Conduct Authority, traders operating in the UK can access a maximum leverage of up to 30:1.
