Tickmill Forex Broker

Tickmill Review SummaryFounded2014HeadquartersLondon, UKRegulationFCA, CySEC, FSCAMarket Instruments60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & optionsAccount TypeClassic, Raw, Tickmill Trader RawDemo Account✅Islamic Account✅Max Leverage1:1000SpreadFrom 1.6 pips (Classic account)Trading PlatformMT4/5 (Windows, MacOS, Android, iOS, WebTrader), Tickmill Trader (Android, iOS)Copy/Social Trading✅Min Deposit100 USD/EUR/GBP/ZARPayment MethodBank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, WebMoneyDeposit & Withdrawal Fee❌Customer SupportLive chat, contact form, tel: +852 5808 7849Regional RestrictionUSTickmill Information Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options with three choices of trading accounts, which are the Classic, Raw, and Tickmill Trader Raw accounts. The available trading platforms include MetaTrader4/5 and Tickmill Trader.What Type of Broker is Tickmill? Tickmill operates as a no dealing desk (NDD) broker. This means that the broker doesn't take the other side of clients' trades but instead passes them on to liquidity providers. Tickmill offers both retail and institutional trading services and provides access to a wide range of financial instruments. They also offer various trading platforms and account types to suit different trading styles and needs.Pros & ConsProsCons• Regulated by multiple reputable authorities• US clients are not allowed• Tight spreads and low commissions• No 24/7 customer support• Wide range of trading platforms• Access to a variety of markets• Negative balance protection• Multiple account types to suit different traders• Rich educational resources Tickmill is a reputable and reliable broker that offers competitive trading conditions and a wide range of trading instruments. Its low spreads and fees, multiple account types, various trading platforms and rich tarding tools and educational resources are attractive to traders of all levels. However, Tickmill is not available in all countries, and their customer support operates within specific working hours (Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time). It's important for potential users to verify these details ahead of registration. Nevertheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.Is Tickmill Safe? Tickmill is a regulated broker that holds licenses from respected financial authorities, including Financial Conduct Authority (FCA, No. 717270), Cyprus Securities and Exchange Commission (CYSEC, No. 278/15), Financial Sector Conduct Authority (FSCA, No. 49464), and Labuan Financial Services Authority (LFSA, No. MB/18/0028). This indicates that it complies with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2014 and has gained a good reputation in the industry, which suggests that they are a legitimate broker.How are You Protected? Tickmill uses segregated accounts to keep client funds separate from its operational funds, which provides an additional layer of protection in case of the company's insolvency. Tickmill also uses advanced security protocols and encryption technology to protect clients' personal and financial information. The company also offers negative balance protection, which ensures that clients cannot lose more than their account balance, and it has a compensation scheme in place that can provide additional protection to eligible clients in case of the company's insolvency. More details can be found in the table below:Protection MeasureDetailRegulationFCA, CySEC, FSCASegregated AccountsClient funds are held in segregated accounts, separated from the company's operating fundsNegative Balance ProtectionEnsuring clients' accounts cannot go below 0Investor Compensation SchemeClients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person in the event of the broker's insolvencySSL EncryptionProtecting clients' personal and financial information from unauthorized accessTwo-Factor AuthenticationTo add an extra layer of security to clients' accountsAnti-Money Laundering PolicyTo prevent money laundering and other illegal activitiesPrivacy PolicyEnsuring clients' personal information is kept confidential and used only for legitimate purposes Note that this table is not exhaustive and there may be other protections or security measures in place at Tickmill. Our Conclusion on Tickmill Reliability: Based on the information available, Tickmill appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.Market Instruments Tickmill is a comprehensive trading platform that offers a wide range financial instruments. Their offerings include over 60 forex currency pairs, more than 15 stock indices, 500+ stocks and ETFs, bonds, various commodities including precious metals and energies, cryptocurrencies, as well as futures and options such as S&P 500, DJIA, and NASDAQ. These options provide users with the flexibility to diversify their investment portfolio.Tradable AssetsSupportedCurrency pairs✔Indices✔Stocks & ETFs✔Bonds✔Commodities✔Cryptos✔Futures & Options✔Account Type/Fees Tickmill offers three account types, including Classic, Raw, and Tickmill Trader Raw.Account TypeClassicRawTickmill Trader RawMin Deposit100Available Base CurrenciesUSD, EUR, GBP, ZARUSDMax Leverage1:1000SpreadFrom 1.6 pipsFrom 0.0 pipsCommission❌$3 per lot per side$3.5 per lot per side All account types at Tickmill offer access to the same range of trading instruments. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law. Prior to committing to various live trading accounts, clients have the option to explore Go Markets' offerings through the provided demo accounts, allowing them to familiarize themselves with the trading environment before engaging in real trading activities.How to Open an Account? Step 1: Register Click on ‘Create account’. Enter your personal details and check your email for verification. Step 2: Upload Documents Submit your Proof of Identity and Proof of Address to complete registration. Step 3: Fund and Choose Platform Open a trading account, deposit to your Tickmill wallet, transfer funds from your Tickmill wallet to your live trading account and download the trading platform of your choice to start trading.Leverage Tickmill offers flexible leverage ranging from 1:1 to 1:1000, depending on the account type and the instrument traded.Asset ClassMax LeverageForex1:1000Stock indices1:100CommoditiesBondsCryptocurrencies1:200 Bear in mind that higher leverage levels increase the potential profits but also increase the potential losses, so it's important to use leverage carefully and manage risk appropriately.Trading Platforms Tickmill offers several trading platforms for its clients, including:MetaTrader 4 (MT4): This is a popular trading platform among forex traders due to its advanced charting capabilities, numerous technical indicators, and ability to run automated trading strategies.MetaTrader 5 (MT5): This is an upgraded version of MT4, offering additional features such as more timeframes, depth of market, and the ability to trade other instruments such as stocks and commodities.Tickmill Trader: This is a proprietary platform developed by Tickmill, offering a user-friendly interface, advanced charting tools, and the ability to trade directly from charts. Overall, Tickmill's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.Copy Trading Tickmill offers copy trading features. This allows less experienced traders to copy the trades of more experienced traders, potentially increasing their chances of making profitable trades. It's a strategy often used by new traders or those looking to diversify their trading. You can copy top traders on Tickmill's website.Deposits & Withdrawals Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Tickmill accepts payments via Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, and WebMoney. It does not charge any fees for deposits or withdrawals. However, clients are advised to check with their payment providers for any transaction fees that may apply at their end. Most deposits are instant, while the typical withdrawal processing time is within 1 working day. Minimum deposit requirement As we have mentioned before, the minimum deposit with Tickmill is $/€/£/R100 for all account types. Tickmill minimum deposit vs other brokersTickmillMost OtherMinimum Deposit$/€/£/R100$/€/£100Conclusion Overall, Tickmill is a good option for traders who are looking for a reliable and transparent broker with competitive trading conditions. Some of the advantages of Tickmill include its strong regulatory framework, low trading fees, a wide range of trading instruments, multiple trading platforms, and excellent customer support. It is particularly suitable for experienced traders who are looking for a broker that provides access to a variety of markets and trading instruments, as well as competitive trading conditions. Additionally, Tickmill's demo account allows traders to test their strategies and trading skills before investing real money.