Tickmill Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- Tickmill Mobile App
- FSA
- LFSA
- FSCA
- CySEC
- FCA
- 2017
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- Tickmill Mobile App
- FSA
- LFSA
- FSCA
- CySEC
- FCA
- 2017
Our Evaluation of Tickmill
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Tickmill is one of the top brokers in the financial market with the TU Overall Score of 8.06 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Tickmill clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Tickmill is a suitable broker for both professional traders and novices. The company is good for robotic trading as well as for short-term strategies.
Brief Look at Tickmill
The Tickmill Group introduces a new standard in the provision of brokerage services. The focus on innovation is what the company is proud of and why traders choose it. The trading conditions of the broker are appreciated by scalpers and traders who use EAs because Tickmill provides minimal spreads. The Group has earned many awards among them “Best Forex Spreads” and “Best Forex Trading Experience” in 2022.
The Tickmill group of companies includes:
-
Tickmill Europe Ltd regulated by the CySEC, 278/15 (Cyprus);
-
Tickmill Ltd regulated by the FSA, SD008 (the Seychelles);
-
Tickmill UK Ltd regulated by the FCA, 717270 (UK);
-
Tickmill Asia Ltd regulated by the Labuan FSA, MB/18/0028 (Labuan, Malaysia);
-
Tickmill South Africa (Pty) Ltd regulated by the FSCA, 49464 (SAR).
Before you register, see which of the group’s companies you are signing up with, as trading conditions depend on it.
- spreads from 0 pips;
- any strategy is allowed;
- protection against negative balance;
- mobile app trading platform.
- the customer support works only 5 days a week from 7:00 to 16:00 GMT;
- relatively small choice of currency pairs;
- there is no cent account;
- there is no trust management;
TU Expert Advice
Financial expert and analyst at Traders Union
Tickmill is a broker for traders with basic trading experience and those who are ready to improve their skills and results. The focus is on the platform’s technological opportunities and technical tools. The real trade execution speed is up to 0.2 seconds. This indicator is a market average, but it is enough for scalping and algorithmic trading. The broker guarantees absence of slippages on increased volatility, as the system of client request distribution helps to instantly find free liquidity providers.
The broker’s competitive edge is the use of artificial intelligence (AI) for technical tools. Acuity Trading is an aggregator of news and fundamental information that analyzes and provides only relevant data for the given asset and time frame. Signal Centre is a technical analysis tool that shows the trade direction with reference to a time frame, while also identifying key levels for placing pending orders.
Trading conditions are designed mainly for professional traders, but the Classic account is suitable for novice traders as well. Bonuses are available only with the group’s companies operating outside Europe. The company provides transparent User Agreement and smooth withdrawal of profit.
- You need a really wide choice of CFDs on stocks. Tickmill offers over 500 assets of this type. This is one of the biggest pools of CFDs on securities among top brokers.
- You want to copy trades of successful traders. The broker offers three services, including Pelican Trading, a simplified copy trading for novice traders, MyFxBook, auto trading with flexible signal copying, and classic MQL5 for MT4 and MT5.
- You want to trade actively. The broker offers some of the best conditions for active traders. These are spreads for currency pairs of just over 0.1 pips, the market’s lowest fees of $2 per lot, and free VPS.
- You want low spreads on a standard account. Only Tickmill’s Pro and VIP accounts have raw spreads from 0 pips. The Classic account has a regular floating spread starting from 1.6 pips.
We checked the office of the Tickmill brokerage company in Dubai, which is located at the following address according to the information on the company’s website:
Office S704A, 7th floor Emirates Financial Towers, South Tower, Dubai International Financial Centre, 506946, United Arab Emirates
-
Exclusive interview with Tickmill representatives
-
Tickmill Summary
Your capital is at risk. Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.
💻 Trading platform: | МТ4, МТ5, МТ4 Webtrader, and Tickmill Mobile App |
---|---|
📊 Accounts: | Classic, Pro, VIP, Demo |
💰 Account currency: | Tickmill.EU - USD, EUR, PLN, CHF, GBP. Tickmill.com - USD, EUR, GBP. |
💵 Replenishment / Withdrawal: | Tickmill.EU - Bank Transfer, Visa, Mastercard, Skrill, Neteller, PayPal, Dotpay, Trustly. Tickmill.com - Bank Transfer, Visa, Mastercard, Skrill, Neteller, Webmoney, and cryptocurrency payments. |
🚀 Minimum deposit: | 100 US dollars |
⚖️ Leverage: | Tickmill.EU - to 1:30/1:300. Tickmill.com - to 1:500 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 lot |
💱 Spread: | from 1.6 pips for the Classic account and from 0 pips for Pro and VIP accounts |
🔧 Instruments: | Instruments include currency pairs, commodities market assets, stock indices, stocks, bonds, and cryptocurrencies |
💹 Margin Call / Stop Out: | 100% and 30% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Еxecution |
⭐ Trading features: | Hedging; Scalping. |
🎁 Contests and bonuses: | No |
Trading conditions are suitable for both novice traders and professionals. The broker offers several account types. The broker does not charge fees on its Classic account, which is a good option for novice traders, with a transparent spread. Pro and VIP are professional ECN accounts with near-zero spread, instant order execution, and a fixed fee per lot. These accounts are suitable for those who work with large trading volumes and use high-frequency trading strategies. The minimum deposit for Classic and Pro accounts is $100, regardless of the trader’s jurisdiction.
Leverage depends on the broker’s subdivision. In Europe, the conditions are more stringent. Leverage for retail clients is up to 1:30, depending on the asset type. It can increase up to 1:300 only once the "Qualified/Professional" status is obtained. For traders of other jurisdictions, the conditions are more loyal. Leverage is up to 1:500, regardless of the status. Almost any assets, except for ETFs and derivatives, are available for trading (exception: futures are available in the UK). Payment methods include bank systems and e-wallets. Cryptocurrency deposits are available for traders outside Europe.
Tickmill Key Parameters Evaluation
Trading Account Opening
To make it easier for a trader to start working with Tickmill broker, we suggest that you familiarize yourself with the following information:
You can enter your Tickmill Client Area from the main page of the broker's website. To do this, just click Login.
To log in, you need to enter your username and password.
If you have not created an account with the brokerage company yet, click on Sign up and go through the registration procedure.
After registration and authorization, you can make a deposit to your wallet, transfer funds to your trading account, and download and the platform of your choice to start trading.
In your Client Area, you can upload your documents, view your transaction history, deposit and withdraw funds.
In addition, a trader will find the following information in their Client Area:
-
Wallet(s);
-
Trading Account(s);
-
Tools;
-
Learning.
Regulation and Safety
Information
The Tickmill Group is regulated by the Seychelles Financial Services Authority (SFSA) and the UK Financial Conduct Authority (FCA). The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (Labuan FSA) and the Financial Sector Conduct Authority (FSCA) in South Africa.
Therefore, Tickmill operates under the regulations of the regulators. This provides the company and its customers with clearly defined rights and obligations, and guarantees the safety of funds.
Advantages
- Customers’ funds are kept separately from the company’s accounts and are not available for use by the broker
- Protection against negative balance
- Tickmill cooperates with well-established and reputable banks
- The broker is a member of the compensation fund for ICF investors. The insurance coverage in case of the broker’s bankruptcy is up to €20,000.
Disadvantages
- Regulators consider collective claims and do not act as judicial organizations. Private traders are unlikely to get help from regulators in any disputable situation
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
---|---|---|
Pro | From $0 | No |
Classic | From 1.6 pips | No |
VIP | $0 | No |
Traders Union experts have conducted a comparative analysis of trading commissions at Tickmill with its
competitors. Based on the comparison, each broker was rated low, medium, or high.
Pro and VIP accounts have a fixed fee for a standard lot of $4 and $2, respectively. That is why, the experts used the EUR/USD pair to compare average expenses for all three accounts.
Broker | Average commission | Level |
---|---|---|
|
$5.33 | |
|
$1 | |
|
$8.5 |
Account Types
Tickmill offers three types of accounts to choose from. The standard currency for funding your account is euros, dollars and pounds. Trading using any strategy is allowed. The minimum lot size is 0.01.
For all account types there is a swap-free Islamic account option. Before opening an account, a customer of Tickmill can familiarize himself with its terms and possibilities and evaluate the functionality of the platform and the services provided on a demo account. The broker offers the MT4 and MT5 trading platforms for trading, as well as the web version of the trading terminals. If you want to learn how to make money on Tickmill, read the Traders Union article.
Tickmill - How to open, deposit and verify a trading account | Firsthand experience of TU
Deposit and Withdrawal
-
Payment methods (deposits and withdrawals) include: Tickmill.EU - Bank Transfer, Visa, Mastercard, Skrill, Neteller, PayPal, Dotpay, and Trustly; Tickmill.com - Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney, and cryptocurrency payments.
-
Account currency: Tickmill.EU - USD, EUR, PLN, CHF, and GBP; Tickmill.com - USD, EUR, and GBP.
-
The minimum withdrawal amount is $25.
-
The broker does not charge any deposit or withdrawal fees, but there are fees of payment systems.
-
The broker compensates payment system fees in the amount up to $100 if the trader's deposit is not less than $5,000.
-
There is an inactivity fee.
-
Withdrawal requests are processed within 1 business day.
Some options are only available to residents of certain countries.
Investment Options
Tickmill EU does not offer investment programs at the moment. Instead, you can use signal provider service of the MetaQuotes (MQL5) community integrated in MT4 and MT5. You can register as an investor or a trader (signal provider). As a trader you can provide signals both for manual trading and signals provided by expert advisors.
Tickmill.com offers the following options for passive investors:
Pelican Trading. This is a simplified copy trading platform for mobile devices with the opportunity to communicate with signal providers.
MyFxBook AutoTrader. This is an analytical platform with integrated Tickmill’s technology. To copy signals, link your trading account with Tickmill to your user account registered on the MyFxBook website. Then, start copying signals after setting risk level limits.
Copy trading service integrated in MT4/MT5. To copy trades, register on the MQL5 website and make a deposit. Link your user account on the MetaTrader platform (for example, through the “Signals” tab) and pay subscription fee to the trader whose trades you are going to copy.
Investor’ reviews of the Tickmill copy trading services are available here. Read More about Tickmill Copy Trading
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Tickmill Partnerships
The broker offers the following types of partnership programs:
Introducing Broker (Tickmill.com). This is a standard program for attracting referrals in any convenient way for a partner. Reward is up to $10 pre each standard lot traded by a referral on the Classic account and $2 on Pro and VIP accounts. New clients get a 5% discount on fees.
Tickmill Prime (Tickmill.com). It is an offer for corporate clients. The broker provides technology for aggregating and processing orders, institutional connections for generating liquidity, server capacities, bridges, etc. under partnership conditions.
MAM Manager (Tickmill.com, Tickmill.EU). This is an instrument that allows traders to place any number of orders on trusted accounts. Partners must comply with such requirements as minimum capital of $5,000, and obligatory availability of two investor accounts with a total amount of at least $50,000.
Portfolio Management (Tickmill.EU). Under this program, traders invest money in investment portfolios formed by a team of professional managers of the broker. The offer is valid for large investors with accounts from €50,000.
White Label (Tickmill.EU). This program provides for the transfer of the platform and technologies to partners to form their own brand. The fee is $5 per each million for one party (no minimum fee).
Additional Trading Tools
The broker’s website offers a number of useful tools for searching signals and developing a unique trading system.
Autochartist. It is a universal technical analysis tool allowing traders to filter the price noise, quickly define price levels and patterns, scan the market and predict the most likely scenarios, and define the volatility level. The tool is also provided for free on demo accounts with a 5-candlestick delay.
Economic Calendar. The calendar features a list of the most important upcoming news that may affect the quotes. It is possible to sort news by importance and by countries of origin.
Trading Calculator and Currency Converter. The calculator allows traders to automatically calculate the pip value, swap, and margin based on such input data as asset, position volume, leverage, and account currency. The converter converts one currency into another at the current exchange rate.
Advanced trading tools for MT4 and MT5. This kit includes 13 built-in apps and 15 indicators such as news feed, market sentiment, hidden orders, correlation matrix, and more.
Acuity Trading tool. This is an AI-based trading tool which aggregates news and information to help you understand the market sentiment and how it affects the assets you are interested in.
Corporate Calendar. This is a tool to be used by stock traders using fundamental strategies.
Signal Centre. This is an AI-based tool providing position opening signals with approximate key levels and levels of take profit and stop loss.
Market Sentiment Indicator
Customer Support
Information
Customer support at Tickmill works 5 days a week according to the following schedule: from 7:00 to 16:00 GMT.
Advantages
- Many options for communication
- Multilingual support
- The site has a section with the answers to the most popular questions
- You can ask a question without being a customer of the broker
Disadvantages
- Does not work on weekends
- Doesn't work around the clock
There are several ways to contact the support service:
-
directly by the phone numbers indicated at the website;
-
by email;
-
in the online chat at the broker's website;
-
using the feedback form.
Support is available from the Tickmill website and from your Client Area.
Contacts
Foundation date | 2017 |
---|---|
Registration address |
FSA - 3, F28-F29 Eden Plaza, Eden Island, Mahé, The Seychelles LFSA - Office No. 5, Unit 25,1st floor Paragon Labuan, Jalan Tun Mustapha, 87007 Labuan F.T., Malaysia FSCA - The Pavilion, Cnr Dock and Portswood Rd, V&A Waterfront, South Africa CySEC - Kedron 9, Mesa Geitonia, Limassol 4004, Cyprus FCA - 3rd Floor, 27 - 32 Old Jewry, London, England, EC2R 8DQ |
Regulation |
FSA, LFSA, FSCA, CySEC, FCA
Licence number: Licence no. SD 008 |
Official site | www.tickmill.com, https://www.tickmill.eu/, https://www.tickmill.co.uk/ |
Contacts |
FSA’s client support: +852 5808 7849
LFSA’s client support: +60 16 299 9449 FSCA’s client support: +852 5808 7849 CySEC’s client support: +357 25041710 FCA’s client support: +44 203 871 3299 |
Education
Information
The website of Tickmill has an extensive educational section where traders can get useful information for successful trading. The company provides educational material on the basics of market analysis, trading strategies as well as articles on fundamental and technical analysis and market insights on its blog. It conducts live webinars in various languages and seminars, offers e-books and video tutorials.
To use the knowledge gained at the Tickmill's website in the real-case scenario, the company's experts advise you to practice on a demo account. This will allow novices to gain experience and master trading without risks.
To support traders, the company has created an extensive analytical section with an economic calendar and useful calculators.
Comparison of Tickmill with other Brokers
Tickmill | RoboForex | Eightcap | Exness | AMarkets | NPBFX | |
Trading platform |
MT4, MT5, Tickmill Mobile App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, AMarkets App | MT4 |
Min deposit | $100 | $10 | $100 | $10 | $100 | $10 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:200 |
Trust management | Yes | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0 points | From 0.4 points |
Level of margin call / stop out |
100% / 30% | 60% / 40% | 80% / 50% | No / 60% | 50% / 20% | No / 30% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
No deposit bonus | $30 | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Detailed Review of Tickmill
Tickmill is a brokerage company that attracts traders with low spreads and comfortable trading conditions. The company focuses on innovations, allowing customers to trade not only manually, but also using EAs and copy trading. A fairly extensive list of CFD trading instruments includes not only currency pairs but also stocks (Nvidia stock, Apple stock, Google stock, Tesla stock etc.) indices, commodities, cryptocurrencies and bonds.
Tickmill is regulated by the Seychelles Financial Services Authority, the UK Financial Conduct Authority (FCA). The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (Labuan FSA) and the Financial Sector Conduct Authority (FSCA) in South Africa. All this is a guarantee of the reliability and safety of funds for a trader.
Tickmill is a suitable broker for both novices and experienced traders
Tickmill is one of those brokerage companies that combine technology and a large set of functionality. The company offers traders a variety of educational resources that will allow them to become familiar with the foreign exchange market and master CFD trading. The minimum deposit is 100 US dollars.
You can read more about the methods of funding your account and the amount of the minimum deposit on our website.
Tickmill is a suitable company for those who trade using a wide variety of tools. The company allows using advisors and automatically copying trading transactions. It is also suitable for trading the news, as well as scalping and calm intraday trading.
The broker executes market orders quite quickly. On average, this takes about 200 ms. Traders working with the broker trade through the popular MetaTrader 4 and MetaTrader 5 terminals. The web platform is also available. A detailed overview of all trading platforms of the Tickmill broker is presented here.
Tickmill’s auxiliary tools are:
-
VPS. This is a Virtual Private Server that provides uninterrupted connection of your platform to the server. It is useful when you have open positions and a trailing stop order, but the connection is poor. Fees start from £30 per month subject to the number of platforms, RAM, disk space, etc.
-
Infographics. It gives free access to factors influencing currency quotes, comparative features of MT5, etc.
-
Custom instruments for MT4 and MT5 necessary for technical, graphic, and fundamental analyses.
Advantages:
good liquidity;
Tickmill Ltd is regulated by the Financial Services Authority of Seychelles ;
good trading conditions: three types of accounts and low spreads;
a variety of CFD trading instruments: forex, stocks, cryptocurrencies, commodities, indices, and bonds;
an abundance of educational materials: allows a novice trader to familiarize himself with the peculiarities of trading with different instruments quickly;
the protection against a gap will not allow a trader to drain his deposit: if the amount on the account reaches the minimum, set by the broker, the transaction will automatically close;
you can trade with advisors, copy transactions, and also use hedging and scalping strategies.