TICKMILL 2025 Review: Everything You Need to Know
Tickmill, established in 2014, has garnered attention as a competitive player in the forex and CFD trading space. This review synthesizes various expert opinions and user experiences from multiple sources, highlighting both the strengths and weaknesses of the broker. Overall, Tickmill is recognized for its low trading costs and robust regulatory framework, making it an appealing option for both novice and experienced traders. However, it is essential to note that the broker operates under different regulatory entities depending on the region, which may impact the trading conditions and protections available to clients.
Note: Due to the different entities regulating Tickmill across regions, it is crucial for traders to understand the specific regulations applicable to their location, as this can significantly influence their trading experience and security.
Ratings Overview
We rate brokers based on extensive reviews and user feedback, ensuring a well-rounded evaluation.
Broker Overview
Founded in 2014, Tickmill is a multi-asset broker that offers trading across various financial instruments, including forex, commodities, indices, and cryptocurrencies. The broker operates on both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-regarded for their comprehensive trading tools and functionalities. Tickmill is regulated by several reputable authorities, including the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), providing a solid foundation of trust and security for its clients.
Detailed Section
Regulatory Regions
Tickmill operates under multiple regulatory jurisdictions, including:
- FCA (UK) - Tier 1 regulator
- CySEC (Cyprus) - Tier 1 regulator
- FSA (Seychelles) - Tier 3 regulator
- FSCA (South Africa) - Tier 2 regulator
- DFSA (Dubai) - Tier 2 regulator
This multi-regulatory structure ensures a level of oversight and protection for clients, although the specifics can vary significantly depending on the entity under which a trader operates.
Deposit/Withdrawal Currency and Cryptocurrency
Tickmill supports deposits and withdrawals in several currencies, including USD, EUR, GBP, and PLN. The broker also allows cryptocurrency transactions, enhancing its appeal to a broader audience. Notably, Tickmill does not impose deposit or withdrawal fees, which is a significant advantage for traders looking to minimize costs.
Minimum Deposit
The minimum deposit required to open an account with Tickmill is $100. This low barrier to entry makes it accessible for beginner traders who may not want to risk large sums of money initially.
Tickmill offers a variety of promotions, including a welcome bonus of $30 for new clients, which cannot be withdrawn but allows traders to keep any profits made from it. Additionally, the broker runs contests like the "Trader of the Month" and "NFP Machine," providing further incentives for active trading.
Tradable Asset Classes
Tickmill provides access to a diverse range of trading instruments, including:
- Forex: 62 currency pairs, including major, minor, and exotic pairs.
- Indices: 20 global stock indices.
- Commodities: Various commodities, including precious metals like gold and silver, and energy products.
- Cryptocurrencies: A selection of major cryptocurrencies available as CFDs.
Costs (Spreads, Fees, Commissions)
Tickmill is recognized for its low trading costs, particularly on the Pro and VIP accounts, which feature spreads starting from 0.0 pips. The Classic account has higher spreads but does not charge commissions. For the Pro account, a commission of $2 per side is applied, making it ideal for active traders looking to minimize costs.
Leverage
Tickmill offers leverage up to 1:500 for professional clients, while retail clients are capped at 1:30 in jurisdictions regulated by the FCA and CySEC. This flexibility allows traders to manage their risk according to their experience and trading strategy.
Tickmill primarily uses the MetaTrader platforms (MT4 and MT5), which are well-known for their user-friendly interfaces and robust trading capabilities. The broker also offers a proprietary mobile app for account management, enhancing the overall user experience.
Restricted Regions
Tickmill does not accept clients from several countries, including the United States, Canada, and Japan, which may limit its accessibility for some traders.
Available Customer Support Languages
Tickmill provides multilingual customer support, catering to a diverse client base. Support is available in languages such as English, Arabic, Russian, Chinese, and more, ensuring that clients can receive assistance in their preferred language.
Repeated Ratings Overview
Detailed Breakdown
Account Conditions
Tickmill offers three types of accounts: Classic, Pro, and VIP. The Classic account is commission-free but has higher spreads, while the Pro and VIP accounts feature lower spreads with a commission structure, catering to more active traders.
The broker provides various trading tools, including Autochartist for market analysis, alongside educational resources such as webinars and e-books. However, some users note that the educational content could be more comprehensive.
Customer Service and Support
Tickmill's customer support is available 24/5, with options including live chat, email, and phone support. While generally responsive, some users have reported delays in email responses.
Trading Setup (Experience)
The trading experience on Tickmill is generally positive, with fast execution speeds and a user-friendly interface. However, some users have commented on the outdated design of the trading platforms.
Trustworthiness
Tickmill is considered a safe broker due to its regulatory oversight and negative balance protection policies, which prevent clients from losing more than their deposited funds.
User Experience
Overall, user experiences with Tickmill are mixed, with many praising its low fees and fast execution, while others express concerns about customer support and the limited range of tradable assets.
Educational Resources
Tickmill provides a decent range of educational materials, but some users feel that it lacks depth compared to other brokers, particularly in advanced trading strategies.
In conclusion, Tickmill is a reputable broker that offers competitive trading conditions, particularly for forex and CFD trading. While it excels in low costs and regulatory compliance, potential clients should consider the limited range of assets and the varying quality of customer support.
