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Tickmill Review 2019

Last updated & tested: 2019-12-01

Tickmill is a traditional forex and CFD broker that offers more than 80 tradeable instruments via the MT4 and WebTrader platforms.

Established in 2014, Tickmill operates globally and is regulated by the Financial Conduct Authority (FCA) in the UK and the Seychelles Financial Services Authority (FSA) worldwide.

The brand has more than 200,000 registered user accounts around the world. They estimate that around 130 million trades have been executed on their platforms. In this Tickmill brokerage review, we will evaluate just why so many traders have turned to Tickmill for their trading needs.

Their stated mission plan is “to provide retail and institutional clients around the world with an exceptional trading environment that empowers them to reach their full potential.”

Have they achieved it? Let’s examine the evidence in this review of Tickmill.

Highlights
  • More than 80 instruments available to trade
  • Spreads as low as 0.0 pips
  • Rapid trade execution – as quick as 0.15 seconds
  • Client funds segregated in top-tier banking institution
3.
of 29 Forex Broker
Tickmill
Tickmill Erfahrungen
Trader Rating
95%
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Risk warning: Capital can be lost. Terms and conditions apply.
Headquarters and regulation

UK (FCA)

Fees and Spread

Depends on account type

Lever

up to 1:30

Market Model

ECN/Market Maker

Trading platform

MT4, Broker-owned Software

Mobile Trading & Apps

Demo account

Yes

Trade Offering

60 Currencies

Minimum deposit

£ 100

Services & additional benefits

Live
Hotline
E-mail
Economic Calendar
E-Book
Videos

1. Trading Offer

What Can You Trade?

Tickmill Forex Review

A Tickmill brokerage account enables you to trade more than 60 currency pairs, with spreads starting from as little as 0.0 pips. This will increase depending on the pairing and your account type, with 0.2 registered for pro members when trading USD/EUR prior to commission.

All of the major currencies are featured, along with some minor ones and exotics, for a decent selection that covers most of the pairs you will be seeking to trade. You’ll find the more common currencies as well as those a little more left-field.

Retail clients in the UK can enjoy the legal maximum leverage of up to 1:30, while professional members are able to access the 1:500 rate.

Execution speeds when trading Forex with Tickmill are some of the quickest around, with speeds as rapid as 0.15 seconds regularly achieved.

Traders can trade Forex using their desktop or mobile devices, via a browser or the dedicated app. These are easy to navigate and simple to operate for new traders and more experienced ones alike.

There is plenty to recommend forex trading with Tickmill.

60
Currencies
Number
14
Indices
Number
3
Raw materials
Number
0
Stocks
Number

Tickmill CFD Review

The CFD selection at Tickmill is relatively small, with access to 14 stock indices provided alongside gold and silver trading and German bonds.

The Tickmill stock trading platform offers access to indices including the UK100, the US30 and US500, JP225, DE30, the WTI and more. Spreads start from 0.0 pips and increase depending on the index, with leverage ranging from 1:20 (retail) to 1:100 (professional).

As far as precious metals are concerned, you’ll only be able to trade gold and silver with Tickmill. However, spreads average around the 0.1 mark.

When it comes to bonds, there are four different bonds to trade, including EURBOBL and EURBUND, with their trademark quick execution and standard leverage rates.

At the time of writing this review of Tickmill, there was no support for cryptocurrencies or commodities outside of those listed above.

Nevertheless, traders are free to implement any strategies they see fit.

Tradable:
eur-flag
EUR/USD
usd-flag
usd-flag
USD/JPY
jpy-flag
gbp-flag
GBP/USD
usd-flag
usd-flag
USD/CHF
chf-flag
aud-flag
AUD/USD
usd-flag
nzd-flag
NZD/USD
usd-flag
usd-flag
USD/CAD
cad-flag
Trader Rating
5/5
Tickmillreview_summary_group_1_image
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    Risk warning: Capital can be lost. Terms and conditions apply.
    2. Costs

    Tickmill Fees & Commissions

    There are three different types of Tickmill brokerage account, and we will cover each of these in greater depth shortly.

    The reason we have introduced them here is because each of the account types has a varying degree of commission to be paid.

    The Classic account features no commission charges whatsoever, while the Pro account charges commission of two currency units per side per lot.

    In short, that means that if you open one lot of the EUR/USD currency pair, with one lot equal to 100,000 EUR, the commission charged is 2 EUR per side and 4 EUR per round turn.

    The VIP account works in a similar way, with one currency unit charged per side per lot.

    1:30
    Max Lever
    Micro-Lot
    Trading size
    £ 100
    Minimum deposit
    ECN/Market Maker
    Market Model

    Tickmill Fees

    Earlier in 2019, Tickmill took the decision to abolish all fees on withdrawals regardless of the size of your payout.

    They’ve taken a similar approach with deposits. All funds of £5,000 or more that are processed via wire transfer will also have their fees waived, up to a maximum of £100.

    It’s a pretty unique stance and one that Tickmill deserves credit for.

    Do note, however, that fees can be levied on inactive accounts.

    Trader Rating
    5/5
    Tickmillreview_summary_group_2_image
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      Risk warning: Capital can be lost. Terms and conditions apply.
      3. Account

      Account Types

      There are three different account types available at Tickmill.

      The Classic account is the best option for new traders, with no commission charged and deposits starting from as little as £100. The spreads start from 1.60, but at least you can adopt any traditional or scalping strategy as you see fit.

      The Pro account charges commission as described above, although spreads can be 0.0 in the right trading conditions. Again, all strategies are welcomed, as are swap-free Islamic account options.

      Finally, for high rollers, there’s a VIP account for traders with a minimum balance of £50,000. Spreads are as low as 0.0, with minimum lots set at 0.1.

      All traders with Tickmill, no matter what their account, can use the WebTrader and MetaTrader 4 platforms as they see fit.

      Trader Rating
      4.5/5
      Tickmillreview_summary_group_3_image
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        4. Platform

        Platforms

        At the time of writing this review of Tickmill, they were offering only the bog-standard, off-the-shelf versions of MT4 and WebTrader.

        That enables traders to execute their positions on desktop or via their browser, with plenty of different trading options available as well as advanced charting and indicators. MT4 is still an excellent platform, delivering an exceptional user experience and a sophisticated enough set of tools.

        MT4
        metatrader
        MT5
        metatrader
        IOS
        Android
        Broker owned Software

        However, there is a lack of originality that comes from only supplying out-of-the-box platforms, and this leaves Tickmill in the shade when you consider what some of their competitors are providing in this area.

        And, of course, the game has now moved on with the release of MT5, which Tickmill does not currently support.

        Trader Rating
        4/5
        Tickmillreview_summary_group_4_image
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          5. Usability

          Usability

          Tickmill have opted to use a fairly standardised template in the design of their website.

          It has the look and feel of many different trading platforms that you may have used in the past, which is either a good thing (familiarity, ease of use) or a bad thing (lack of originality) depending on your point of view.

          What we can say in this Tickmill brokerage review is that the website is straightforward enough to navigate, with each section clearly categorised in a logical way.

          The Clients Tools section is particularly pleasing, with all of the resources and research that the brand has compiled available under one dropdown menu, with separate headings for video and written content ad infographics so you can find what you are looking for in quick time.

          Like many trading sites, Tickmill have chosen not to produce a page heading such as “fees” or “commission”, but in fairness, they aren’t hiding this away. The relevant information is listed on the Accounts page.

          Legal information and documents are squirrelled away in the footer of the homepage, but if you are operating on a larger-screened device, this doesn’t present any problems.

          The bland but simple colourway helps to keep things streamlined, and this is a website that is basic enough to work seamlessly on both desktop and mobile devices.

          Trader Rating
          4.5/5
          Tickmillreview_summary_group_5_image
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            Risk warning: Capital can be lost. Terms and conditions apply.
            6. Support

            Customer Support

            Should you need to contact customer support with any questions about your Tickmill brokerage account, you have several options at your disposal.

            There’s a red live chat button that sits at the bottom of the screen. Simply pop a message in there and then sit back and wait for a reply. In our tests, these messages were typically answered within minutes.

            On the right-hand side of the homepage, you will see a blue icon with a graphic of a set of headphones on it. This links you to more customer support options, including a direct email messaging system.

            E-Mail
            Telephone
            Live-Chat
            On the spot

            On this page, you will also find the telephone helpline numbers, with “client support” and “office” numbered differently. The hours of operation are 07:00 to 20:00, Monday to Friday.

            Finally, there is a comprehensive FAQ section on the website designed to answer your questions without needing to resort to the options above.

            In our tests, we found the telephone advisors to be responsive and helpful, with a resolution found in minutes.

            However, it can take up to 24 hours to receive a reply to email enquiries, which in this day and age is unacceptable.

            Nevertheless, all payments are processed within one day, so it seems as though the most important matters are dealt with in rapid fashion.

            Trader Rating
            4.5/5
            Tickmillreview_summary_group_6_image
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              Risk warning: Capital can be lost. Terms and conditions apply.
              7. Payment

              Payment Methods

              Tickmill operates on a global scale, which means they accept a wide range of payment methods in currencies including GBP, USD, EUR and PLN.

              For UK traders, you can deposit into and withdraw from your Tickmill stock trading via the following methods:

              Card Payment

              Tickmill welcomes deposits and withdrawals made with VISA and Mastercard. The minimum deposit amount is £100, and the minimum withdrawal is £25. There is no commission charged, with deposits processed instantly and withdrawals within one working day.

              • banktransfer
              • creditcard
              • neteller
              • skrill

              Bank Transfer

              The same terms apply for bank transfers as the card payment methods above. There is no commission or fee charged, and the same minimum deposit and withdrawal limits are in place. The only difference is that deposits can take up to one working day to process, so you won’t be able to trade instantly.

              E-Wallets

              Tickmill accepts payments from a wide range of e-wallet systems, most notably Skrill, Neteller, Sofort and paysafecard. The normal rules apply, although traders should note you cannot make a withdrawal using paysafecard.

              All of the payment methods are recommended, but if you plan to execute a trade immediately, a bank transfer is probably not for you. Both card and e-wallet payments come with the same terms, so you can deposit and withdraw with complete peace of mind.

              Trader Rating
              5/5
              Tickmillreview_summary_group_7_image
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                Risk warning: Capital can be lost. Terms and conditions apply.
                8. Offers

                Additional Offers

                When you are new to Tickmill, you might want to take advantage of their demo account offer, which allows you to execute paper trades without any risk to your bankroll. You can upgrade to a real-money account whenever you are ready.

                There are several different tools you can use in your trading. There’s Autochartist and one-click trading, and you can also access Tickmill’s own exclusive VPS, allowing you to set up auto trading without being present at your workstation. In addition, you can improve your trading by making the most of the brand’s Forex calculators and calendars featuring key dates throughout the economic year.

                E-Mail
                Economic calendar
                E-Book
                Videos
                Courses or Seminars
                Demo Account

                One of the standout features of the Tickmill stock trading platform is their educational offering, with hours worth of video footage and webinars available to complement thousands of written works across tutorials, analysis and case studies. Most of this content is absolutely free for you to enjoy.

                For professional traders and institutional clients, there is also the opportunity to join Tickmill Prime. This offers direct connectivity to global banks, hedge funds, brokers and other market makers so that you can access the most liquid pools around.

                Trader Rating
                5/5
                Tickmillreview_summary_group_8_image
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                  Risk warning: Capital can be lost. Terms and conditions apply.
                  9. Regulation

                  Regulation & Deposit Protection

                  Tickmill is a global operation, and that’s why they have been licensed and approved by a number of different regulatory bodies.

                  In international markets, that authorisation comes via the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC). They are also registered with the key authorities in France (ACPR), Spain (CNMW), Germany (BaFin) and Italy (CONSOB).

                  FCA
                  Regulatory Authority
                  MIFID II
                  Yes
                  50000
                  Dep. Protection

                  Tickmill UK Ltd is the domestic offshoot, and this is authorised and regulated by the Financial Conduct Authority (FCA).

                  Memberships have also been a key part of Tickmill’s legitimisation strategy. They are a part of the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF), which gives traders additional peace of mind, as well as the MiFID II investment services charter. Tickmill is also registered with the Information Commissioner’s Office (ICO), which has established laws and guidelines relating to data protection.

                  The brand operates on a basis of full transparency – not all brokers can say that – and that is why you can peruse all of their legal documents prior to opening an account. Just click on the “Legal Documents” link at the bottom of the website homepage.

                  Complete assurance is guaranteed in the encryption of the website, where the latest SSL encryption software has been used to ensure that your personal data and financial information is kept perfectly safe at all times.

                  Trader Rating
                  5/5
                  Tickmillreview_summary_group_9_image
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                    Risk warning: Capital can be lost. Terms and conditions apply.
                    10. Awards

                    Awards

                    The merit of any trading broker is evident in the recognition they receive from the industry, and Tickmill has won a number of notable awards over the years.

                    And they aren’t clinging on to old glories, either! In 2019, Tickmill won the Best Forex Broker Asia and Most Transparent Broker trophies at the Forex Awards, was named “Best CFD Broker Asia” by International Business Magazine, “Best Forex CFD Provider” at the Online Personal Wealth Awards, and “Best Forex Execution Broker” at the CFI.co Awards.

                    Heading a bit further back to 2018, Tickmill also enjoyed plenty of industry recognition. They won the Best Forex Execution Broker at the UK Forex Awards, Top CFD Broker at the FxDailyInfo.com Broker Awards, and Best Forex CFD Broker at the Jordan Forex Expo Awards.

                    To prove that they have been committed to excellence for a long time now, Tickmill also lifted the Best Forex Trading Conditions trophy at the UK Forex Awards in 2017, as well as Global Brands Magazine’s “Most Trusted Broker in Europe.”

                    Trader Rating
                    5/5
                    Tickmillreview_summary_group_10_image
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                      Risk warning: Capital can be lost. Terms and conditions apply.

                      Conclusion

                      In this review of Tickmill, we have aimed to compile an independent, impartial and unbiased take on what this trading broker has brought to the market.

                      You may have landed on this page by searching in Google for “is Tickmill Good?” or similar, and our aim has been to show you that yes, this is a broker that can be trusted to deliver an excellent service to their clients.

                      It’s not all perfect, of course. It really is about time that they updated their platform provision to enable traders to use MetaTrader 5, which would help to bring them completely up to date.

                      However, if you are familiar and comfortable with MT4 and WebTrader and are happy to continue using them, clearly this is an advantage for you.

                      There is a decent number of tradeable instruments available at Tickmill – you will find a bigger selection elsewhere, and smaller ones, too – with typically low spreads, on average, and really quick execution times that help you to stay on top of volatile markets.

                      The website is a doddle to use, with an intuitive design leading to easy navigation and a comfortable user experience. All of the information you need to trade successfully is available at Tickmill, and you don’t need to go around the house to find it.

                      Overall, Tickmill provides a solid trading platform that, but for the lack of MT5, would stand up to scrutiny compared to the vast majority of their competitors.

                      Strengths

                      • Rapid trade execution – as quick as 0.15 seconds
                      • More than 80 instruments available to trade
                      • Spreads as low as 0.0 pips
                      • Client funds segregated in top-tier banking institution

                      Weaknesses

                      • Standard MT4 platform with no proprietary add-ons
                      • No MT5 support
                      Test result
                      Total
                      95%
                      Ratings
                      0
                      Broker
                      Go to Broker
                      Risk warning: Capital can be lost. Terms and conditions apply.
                      Tickmill
                      Go to Broker
                      Risk warning: Capital can be lost. Terms and conditions apply.

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