Tickmill ReviewOpen Demo Account
Tickmill is an online trading service that has been in business since 2014. The broker has offerings to appeal to beginner and expert traders alike and has several account types.
Tickmill is Tickmill Ltd’s trading name and part of Tickmill Group. The Seychelles Financial Services Authority (FSA) regulates Tickmill Group, with additional regulation from the FCA and CySEC.
According to the Tickmill website, Tickmill Group has more than 263,000 registered accounts, more than 111,000 satisfied clients, more than 150 employees around the world, and has executed more than 215 million trades.
- Regulated by the FCA
- More than 200 million trades
- Nice range of assets
- No ability to choose a trading platform
What can you trade?
Tickmill Forex Review
As you review Tickmill forex offerings, you will likely appreciate the range of offerings available as well as the quick average execution speed of just 0.15 seconds.
The broker offers spreads starting at 0.0 pips and provides clients access to more than 60 currency pairs. This Tickmill forex review points out that the broker offers leverage of up to 1:500. It also allows for all trading strategies.
As an example of the spreads you can expect as you review Tickmill forex pairs, EURUSD has a minimum spread of 0 and a typical spread of 0.2. Long positions are -8.51 and short positions are 4.9, at the time of writing.
Tickmill CFD Review
As you review Tickmill CFD offerings, you will notice that most assets available via the broker come in the form of CFDs. These include precious metals and bonds. The average execution speed of 0.15 seconds is the same in a Tickmill CFD review as it is with other assets from the broker.
Tickmill supports gold and silver crosses for precious metals, with spreads from 0.0 pips, support for all trading strategies, and leverage of up to 1:500. The typical spread for XAGUSD is 0.021 and 0.12 for XAUUSD at the time of writing this UK Tickmill review.
Bonds have similar features to those in other aspects of this Tickmill review, including the same quick execution speed, enabling of all trading strategies, and spreads from 0.0 pips. There is also access to German Bonds, a relatively unique offering that many traders will appreciate. Most bonds have minimum spreads of 18 with typical spreads of 40.
Tickmill Stocks Review
This Tickmill UK review points out that the broker supports trading of stock indices, which feature groupings of stocks that share some features in common. The broker prides itself on delivering a fast execution speed averaging just 0.15 seconds.
Spreads for stock indices from Tickmill start at just 0.0 pips and leverage can be as high as 1:100. There are more than 14 indices to choose from, which is less than some competitors but still a reasonable amount. As with other asset classes, you can use any trading strategy with Tickmill stocks.
To provide example rates to help you review Tickmill offerings and make a decision, consider that the minimum spread for the DE30 is 00.7 with a typical spread of 0.8. For UK100, these figures are 0 and 1.09, respectively. They are 1 and 2, respectively for the US30.
It is easy to review Tickmill UK rates and spreads for stock indices and other assets via the page on the website, which is clearly outlining the spreads.
Tickmill Cryptocurrency Review
You will not find a Tickmill cryptocurrency review as the broker does not offer cryptocurrencies for trading. Our search to review Tickmill cryptocurrency offerings looked at both forex pairs and CFDs, which is where most competitors list cryptocurrencies if they are not listed separately. Because of the lack of this asset, those who want to review Tickmill cryptocurrency offerings will want to look for a different broker that does offer this asset class.
What did our traders think after reviewing the key criteria?
This Tickmill UK review finds that the broker is transparent with its fees, something that we highly appreciate and feel that potential clients will as well. There is a dedicated page of the website that is easy to find and lists the spreads and swaps for all assets. It is conveniently divided by category and features a search bar.
Commissions depend on account types, with classic accounts using spreads instead of commissions. You can also choose an account with lower spreads and commissions, depending on your trading strategy.
This Tickmill review also finds that the broker has good leverage offerings, with up to 1:500 for forex, 1:100 for stock indices and oil, 1:250 or 1:500 for metals, and 1:100 for bonds.
There are three main types of accounts outlined in this Tickmill review, with some other variations available. All accounts have minimum deposits of 100 units unless otherwise specified.
Classic Accounts let you select the base currency of USD, GBP, or EUR. Spreads start at 1.6 pips, leverage goes up to 1:500, there is a minimum lot size of 0.01, and there are zero commissions. This type of account allows for all strategies and swap-free Islamic accounts are available.
Pro Accounts add the option of PLN as a base currency. The maximum leverage is 1:30 for retail clients and 1:500 for professional clients. Spreads are from 0.0 pips with commissions of 2 per side per 100,000 traded. Once again, Islamic accounts are available, and all strategies are allowed.
VIP Accounts increase the minimum balance to 50,000 units of your base currency, which can be USD, GBP, or EUR. They allow for all strategies and Islamic accounts. The leverage can be up to 1:500 and spreads start at 0.0 pips. Commissions are 1 per side per 100,000 traded.
To open an Islamic account, you contact Tickmill customer support and they will process the request within a business day. You receive an email when the setup is complete. If you plan on opening multiple accounts with Tickmill, any future accounts you open will also be swap-free, saving you time.
Those who want to complete their own Tickmill review before opening a real money account can also sign up for a demo account. It uses virtual funding, real market conditions, and access to the full-featured trading platform.
Those with experience trading will find it easy to review Tickmill CFD offerings and other assets as the broker uses the MetaTrader 4 platform. This is the most popular platform in the market and is fully customisable. You can use the Web Trader version of MT4 or a downloadable version for Windows, MacOS, Android, or iOS.
Trading with MetaTrader 4 gives you access to the CFDs on forex, stock indices, bonds, and commodities available via Tickmill. The platform also allows for the execution of orders without partial fills, thanks to the huge liquidity depth.
The platform supports Expert Advisors, which are made easier thanks to VPS services that this Tickmill review feels are a strong offering. Advanced traders and those learning various trading skills will appreciate the inclusion of customisable charting, advanced technical analysis, and more than 50 indicators. Trading signals are also available, complete with an advanced notification system.
The Web Trader has the full functionality of the downloadable MetaTrader 4 platform, including more than 30 indicators, nine time frames, customisable price charts, real-time quotes via Market Watch, and securely encrypted data transmission. Best of all, there is no need to download a platform and you can begin trading immediately.
This Tickmill review feels that the website and platform that the broker uses are highly usable. MetaTrader 4 is the industry standard and there are numerous tutorials available online for those who need help getting started, with additional tutorials from Tickmill.
The Tickmill website has a professional appearance with a mostly grey background and black font, mixed with relevant background images and white font. Between the main navigation menu and the bottom navigation menu, visitors to the website should be able to find all of the information they need.
If you have any questions as you use and review Tickmill CFD offerings, you should be able to find the answers in the FAQ section. This page has several categories, a section for Top FAQs, and a search bar.
When you want to contact customer support, this Tickmill review lets you know that you can use the live chat, call for phone support, or send traditional mail. Client support is only available on weekdays from 7:00 to 20:00 GMT (GMT+1 during Daylight Savings). The lack of 24/5 support is a serious consideration in this Tickmill review as many competitors offer that level of support. However, most people will find the 13 hours of daily support to be enough, unless they prefer to trade at odd hours.
Tickmill offers many deposit and withdrawal methods, with certain methods only available in certain countries. All withdrawals occur in your account base currency.
Tickmill accepts payments in USD, GBP, and EUR via Visa or MasterCard, with minimum deposits of 100 and minimum withdrawals of 225. There are no fees. Deposits are instant and withdrawals take up to a working day.
Bank wire transfer
Bank transfers are supported in EUR, GBP, or USD with a minimum deposit of 100 and a minimum withdrawal of 25. There are no commissions and the deposit or withdrawal is processed within a business day.
There is also support for various e-wallets, most of which have instant deposits, minimum deposits of 100, and minimum withdrawals of 25. Skrill and Neteller are accepted for USD, EUR, or GBP, with instant deposits and withdrawals within a working day.
Other regional e-wallets with support from Tickmill include STICPAY, FasaPay, UnionPay, NganLuong.vn, Qiwi, and WebMoney.
In terms of education, Tickmill offers a range of free seminars around the world in a variety of languages. There are also e-books on strategies for trading majors and becoming an introducing broker. Those who prefer visual learning will appreciate the broker’s collection of educational videos in various languages. There are also infographics, a forex glossary, technical and fundamental analysis, relevant articles, and market insights.
To assist with trading, the broker offers Autochartist, Myfxbook Copy Trading, an economic calendar, forex calculators, a VPS, and one-click trading.
At the time of writing, there is also an offer of a $30 Welcome Account, so new clients do not need to deposit funds to begin trading.
Regulation & Deposit Protection
As mentioned, Tickmill Group, including Tickmill, is regulated around the world by multiple organisations.
The Seychelles Financial Services Authority (FSA) regulates Tickmill Ltd as a security dealer with license number SD008. The Financial Conduct Authority (FCA) regulates and authorises Tickmill UK Ltd with register number 717270. The Cyprus Securities and Exchange Commission (CySEC) regulates and authorises Tickmill Europe Ltd with license number 278/15 as a CIF limited company.
Additionally, various Tickmill Group trading names are registered with the FCA in the United Kingdom, BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. This Tickmill review also points out further confidence in the broker via its participation in the MiFID II, the Financial Services Compensation Scheme, and the Investor Compensation Fund.
In addition to positive Tickmill forex review articles, the broker and other members of Tickmill Group have earned numerous honours and awards over the years. In 2019 alone, it was the Best Forex Execution Broker at the CFI.co Awards, Best Trading Platform Provider at the FxDailyInfo.com Broker Awards, Best CFD Broker Asia from International Business Magazine, Best CFD Provider from the Online Personal Wealth Awards, Most Transparent Broker from the Forex Awards, and Best Forex Broker Asia from the Forex Awards.
Tickmill offers 80+ financial instruments across FX, commodities, stock indices, and bonds. Although the firm provides its services to customers around the world, the broker does not accept US residents since ‘Over the counter’ trading in financial instruments is against the US securities law. Founded on the legislation of the Dodd Frank Act, the SEC has imposed stringent regulations against CFD trading in the country.
Tickmill is a multi-asset, multi-regulated broker, owned and operated by the Tickmill Group of Companies. The broker is authorised by the tier-I Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Europe and the FSA in Seychelles. You can trade in 80+ instruments with a minimum deposit of $100, spreads from zero pips, leverage of 500:1, 0% commissions and from a choice of three account types. So yes, Tickmill is a good broker.
Besides bank wire transfers and card payments, Tickmill accepts payments via eWallets such as Skrill and Neteller. The other regional e-wallets include WebMoney, UnionPay, NganLuong.vn, FasaPay, Qiwi, and STICPAY. PayPal does not feature in the list of online wallets accepted by Tickmill.
Withdraw funds in your base currency from the client area. All you have to do is log in, fill out the withdrawal form and submit. The withdrawal methods include Visa, MasterCard, bank wire or eWallets such as UnionPay, FasaPay, WebMoney, STICPAY, and Qiwi.
The minimum withdrawals for bank wire transfers and e-wallets are $25, and $225 in the case of Visa or MasterCard. The processing time is one working day, and Tickmill does not charge withdrawal fees.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.