TickMill Pro Trade Broker Review
WikiFX monitor
Business
License
Tickmill Pro Trade 2025 Review: Everything You Need to Know
Summary: Tickmill Pro Trade has garnered a reputation as a reliable broker in the forex and CFD trading landscape, praised for its low fees and fast execution speeds. However, it faces criticism regarding its limited range of tradable assets and occasional withdrawal issues.
Note: It's important to recognize that the different entities operating under Tickmill may offer varying conditions and services, which can impact the overall trading experience. Our evaluation reflects a comprehensive approach to ensuring fairness and accuracy.
Rating Overview
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 7 |
| Customer Service & Support | 8 |
| Trading Setup (Experience) | 8 |
| Trustworthiness | 9 |
| User Experience | 7 |
| Overall | 8 |
How We Rated the Broker: Our ratings are based on extensive research, including user feedback, expert opinions, and direct assessments of trading conditions.
Broker Overview
Founded in 2014, Tickmill is a multi-asset broker headquartered in Seychelles, with additional regulatory oversight in the UK, Cyprus, and South Africa. The broker primarily offers trading through the renowned MetaTrader 4 and MetaTrader 5 platforms, catering to a diverse range of traders. Tickmill provides access to a variety of asset classes, including forex, commodities, indices, and CFDs, making it a compelling choice for both novice and experienced traders. The broker is regulated by several authoritative bodies, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.
Detailed Analysis
Regulated Geographic Areas
Tickmill operates under multiple regulatory jurisdictions, including the FCA in the UK, CySEC in Cyprus, and the Financial Sector Conduct Authority (FSCA) in South Africa. This multi-tiered regulatory framework enhances trader confidence, as client funds are kept in segregated accounts and are protected under various compensation schemes. However, traders from the United States and several other regions are restricted from opening accounts with Tickmill, limiting its accessibility.
Deposit/Withdrawal Currencies/Cryptocurrencies
Tickmill supports deposits and withdrawals in several currencies, including USD, EUR, GBP, and PLN. The broker does not charge fees for deposits or withdrawals, although third-party fees may apply. Notably, deposit methods include bank transfers, credit/debit cards, and various e-wallet options like Skrill and Neteller. While Tickmill does offer cryptocurrency trading through CFDs, it does not allow the purchase of actual cryptocurrencies, which may deter some traders looking for direct crypto exposure.
Minimum Deposit
The minimum deposit required to open an account with Tickmill is $100, making it accessible for many traders. However, the VIP account requires a minimum balance of $50,000, which may not be feasible for all traders.
Bonuses/Promotions
Tickmill offers a $30 welcome bonus for new clients, which cannot be withdrawn but allows traders to keep any profits generated from it. Additionally, the broker frequently runs promotional campaigns, including contests for the "Trader of the Month," where traders can win cash prizes.
Tradable Asset Classes
Tickmill provides access to over 620 trading instruments, including 62 forex pairs, commodities, indices, and bonds. However, the broker has been criticized for its limited selection of cryptocurrencies, which may not meet the demands of traders seeking a broader range of digital assets.
Costs (Spreads, Fees, Commissions)
Tickmill is known for its competitive pricing, particularly on its Pro account, where spreads can start as low as 0.0 pips. The Classic account, on the other hand, has higher spreads averaging 1.6 pips but does not charge commissions. The Pro account incurs a commission of $2 per side per lot, which may appeal to active traders. Overall, Tickmill's fee structure is considered low compared to many competitors.
Leverage
Tickmill offers leverage up to 1:500 for clients under its Seychelles entity, while retail clients in Europe and the UK are subject to lower leverage limits of 1:30 due to regulatory restrictions. This flexibility allows more experienced traders to manage their risk appropriately.
Allowed Trading Platforms
Tickmill exclusively offers MetaTrader 4 and MetaTrader 5 as its trading platforms, which are well-regarded for their functionality and reliability. While the absence of a proprietary platform may be a drawback for some, the comprehensive features of MT4 and MT5 cater well to both novice and experienced traders.
Restricted Regions
While Tickmill is accessible in many countries, it does not accept clients from the United States, Canada, and several other jurisdictions. This limitation may affect traders looking for a globally recognized broker.
Available Customer Service Languages
Tickmill provides support in multiple languages, including English, Arabic, Spanish, and Russian, among others. However, customer service is available only during business days (Monday to Friday), which may not be ideal for all traders.
Final Rating Overview
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 7 |
| Customer Service & Support | 8 |
| Trading Setup (Experience) | 8 |
| Trustworthiness | 9 |
| User Experience | 7 |
| Overall | 8 |
Detailed Breakdown
-
Account Conditions: Tickmill offers flexible account types, including Pro, Classic, and VIP accounts, catering to various trading strategies and experience levels.
Tools and Resources: The broker provides a range of educational materials, including webinars, articles, and market analysis, though it lacks some advanced research tools compared to competitors.
Customer Service & Support: While generally responsive, Tickmill's customer service is available only during weekdays, which may limit assistance for traders in different time zones.
Trading Setup (Experience): The trading experience on Tickmill is smooth, with fast execution speeds and a user-friendly interface, although the platform design could be improved.
Trustworthiness: Tickmill is highly regarded for its regulatory compliance, ensuring client funds are protected and segregated.
User Experience: Overall, user experience is positive, although some traders have expressed concerns regarding withdrawal times and account verification processes.
In conclusion, Tickmill Pro Trade presents a solid option for forex and CFD traders, especially those looking for low-cost trading and fast execution. While it has its limitations, particularly in asset variety and customer support availability, the overall reputation and regulatory oversight make it a trustworthy choice in the trading landscape.