TICKMILL REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER?

TICKMILL REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER? title=
4.1/5
Tickmill has been in the brokerage business for a while now.
Min. deposit
$100
Website address
Demo account
Yes
Currency
EURGBPPLNUSD
Supported languages
EngKorPolPorRusSpa
Active
Yes
Payment Methods
FasaPayGlobePayM-PesaNetellerPaysafecardPerfect MoneyQIWIRapid TransferSkrillSticpaySwiftVisaWebMoneyWire Transfer
Instruments
BondsCFDsCommoditiesForexindices
Min. trade price
0.01 lots
Regulated By
CySECFCAFSALFSASC
MetaTrader 4
Yes
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
Yes
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
No
PAMM Account
Yes
LAMM Account
No
Demat Account
No
Mobile Apps
Yes
Margin Trading
No
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
Yes
Copy Trading
No
Trade Signals
Yes
Islamic Account
Yes
Inactivity Fee
0
Guaranteed Stop Loss
No
Commodities
GoldNatural Gas
Forex Trading
Trade on majors, minors and exotics with up to 1:500 leverage.
Forex GBPUSD Spread
0.3
Forex EURUSD Spread
0.1
Forex EURGBP Spread
0.4
Forex Assets
62
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.1,
according to 475 reviews

4.5 Stars
Noppaklow Wongseng
Noppaklow Wongseng
stars
th
Get help from the team from the account opening process and how to use every step in detail. The guide spoke very politely. The chart trading system is stable and not cheating. There are many ways to deposit and withdraw money, very convenient. which I have been using for 1 year, if compared to other places used I like this place the most. No worries, trade with peace of mind.

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keroloss abdelmassih
keroloss abdelmassih
stars
eg
Iam keroloss.A from egypt and i want to thank tickmill for the fast withdrawal and deposit an really best conditions for trading in world ... now I make the fastest withdraw ever .. thanks alot

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Japhet Shabalala
Japhet Shabalala
stars
za
After several weeks of frustration Tickmill manged to sort out my withdrawal, thanks a lot to Christoforos for his assistance resolving my query. However Tickmill must look for a solution to this issue of bank accounts because it's a problem they're aware of. Kudos to Christoforos

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Gemma Saribay
Gemma Saribay
stars
ph
They provides free webinars for beginners. The speaker is good and explains the topics well, especially the fundamental analysis. The speaker has extensive knowledge in forex trading so he can share many experiences as a long time trader. I have started trading in the live account and I highly recommend this broker because of the low spread and low commission.

View all

Renee Ombrog
Renee Ombrog
stars
ph
It was a Very good Experience having a mentor or Speaker That is Very Very Friendly to Answer Our inquiries regarding our topics,Thanks TICKMILL for having With us Ms.Sally STA.Ana as our Country Manager.

View all

NicholasNg ChunMing
NicholasNg ChunMing
stars
my
Deposit was fast and easy. There's an option to open an account using your business license too which is grest if you want to use your company's funds to trade. Unfortunately sometimes the spread could be quite huge for gold till the pending order wasnt triggered. Stop lost wasnt tight also as it usually will close my trade few pips more than my set stop loss. Havent got the chance to try withdrawal yet as I kept losing for the time being.

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Content

Tickmill has been in the brokerage business for a while now. It provides great flexibility to all types of traders. Do you know that Tickmill started in 2014? Let’s dig deeper and find out everything we can about the broker.

Let’s dig deeper and find out everything we can about the broker

HOW DOES TICKMILL STAND OUT?

Highly regulated: The broker is regulated by several reputable regulatory bodies.

Multiple account types: Whether you are a beginner or a pro, Tickmill has an account for everyone.

Plenty of trading assets: With Tickmill, you can access 180+ assets with spreads as low as 0.0 pips.

Great support: Tickmill provides multilingual customer support by email, online chat, and phone, seven days a week, 24 hours a day.

Innovative platforms: Tickmill trading platforms are all driven by cutting-edge technology and unique features.

Ultra-fast execution: Tickmill has one of the fastest trading execution times; 0.20 seconds.

WHAT IS TICKMILL?

WHAT IS TICKMILL?

Tickmill is an innovative forex broker that caters to all types of traders. The broker has been in the business for almost eight years. Here, I want to tell you what the broker is all about. Let’s find out!

Tickmill was created in Seychelles in 2014. The core idea was to create an innovative trading environment for retail and institutional clients worldwide. The broker’s founding members were all traders with expertise in financial markets from Asia to North America.

That’s why they focused on providing low spreads with fast execution times. Tickmill partnered with BeeksFX in 2019 to provide its traders with a dependable, low-latency VPS option. It shows the broker wants to keep its promise of innovation.

Tickmill-homepage

Tickmill homepage

Tickmill is available in more than 200 countries. It shows how the broker has expanded since its inception. However, I’m sorry to tell you that you can’t open an account if you are from the US, Canada, Iran, North Korea, or Syria. The firm has recently received many awards including

  • Best Forex Spreads 2022
  • Best Forex Customer Service 2022
  • Best Forex Trading Experience 2022
Further reading

WHO ARE TICKMILL’S REGULATORS?

WHO ARE TICKMILL’S REGULATORS?

The first thing you should look for is the broker’s regulation. It is what you need to check before opening an account with any broker.

Spoiler Alert: Tickmill has multiple regulators. So let’s see who they are.

Tickmill has three homepages; international (Seychelles), UK, EU, Asia, and South Africa. Fortunately, you can switch between the pages to check the regulation. The broker is regulated by

  • FCA (Financial Conduct Authority)
  • CySEC (Cyprus Securities and Exchange Commission)
  • FSCA (Financial Sector Conduct Authority)
  • FSA (Financial Services Authority)
  • LOFSA (Labuan Offshore Financial Services Authority)

International clients except those in the UK, South Africa, and Europe, come under FSA (Seychelles) regulation. All other users come under their respective countries’ regulatory bodies. So, this information is important before opening an account, as the regulation does matter.

Tickmill regulation

Tickmill regulation

Further reading

HOW DOES TICKMILL WORK?

HOW DOES TICKMILL WORK?

We saw the regulators of the broker in the last section. Here, we’ll go to the next stage. I’m talking about how the broker works. Let’s see some of the assets available and how it all works.

Tickmill provides plenty of tradable assets across six categories. The good thing is all the broker’s entities provide similar assets. For instance, the UK entity has similar tradable assets to the international one.

Tradable assets UK

If I switch to the international page, assets remain the same.

Tradable assets global

Let’s talk about all the assets available.

Forex

  • EUR/USD
  • GBP/USD
  • AUD/USD
  • USD/JPY
  • USD/CAD and more

Stock indices and oil

  • Africa40
  • Aus200
  • Swiss20
  • US500
  • USTEC and more

Metals 

  • Gold
  • Silver
  • NATGAS
  • SMALL_SPRE
  • Copper

Cryptos

  • ADA/USD
  • BTC/USD
  • ETH/USD
  • LTC/USD
  • XRP/USD and more

Bonds

  • US 30Y
  • US 10Y
  • US 2Y
  • EURO BOBL
  • SMALL 10Y
  • EURO BUXL
  • EURSCHA

As I said earlier, Tickmill has some of the lowest spreads. Spreads forex pairs begin at 0 pips on the Pro and VIP accounts.

Further reading

HOW DOES THE TICKMILL PLATFORM WORK?

HOW DOES THE TICKMILL PLATFORM WORK?

To trade all these assets, you need a platform. Tickmill used to provide only MT4. But now, it has expanded its platform base. So, let’s find out what platforms Tickmill offers.

So, let’s find out what platforms Tickmill offers

Tickmill offers five trading platforms. They are

  • MT4
  • MT5
  • MT4 Web Trader
  • CQG
  • Agena Trader Mercury

Let’s find out what these platforms have to offer.

MT4

The MT4 platform, developed in 2005, is still the world’s most extensively used trading platform. The platform’s outstanding selection of apps enables traders to conduct advanced analysis. Tickmill MT4 has extensive features like

  • Advanced charting,
  • Algorithmic trading,
  • One-click trading,
  • Multi-account management,
  • Low resource requirements.

One of the things I like is there are 30 built-in indicators and 24 graphical tools. You can also add your custom indicators and charting tools. The MT4 platform is available in desktop, web, and mobile versions.

MT4 platform

MT4 platform

MT5

The MetaTrader 5 is the successor of MT4. The MT5 platform builds on the success of its predecessor by providing

  • An optimized interface,
  • Enhanced analytical tools,
  • A wider range of technical indicators and graphical tools, and
  • Support for the MQL5 language.

MT5 is available in desktop and mobile versions.

MT5 platform

MT5 platform

WEB TRADER

Tickmill provides the MT4 Web Trader which functions similarly to the desktop version. It includes features like

  • Real-time quotes in the Market Watch
  • Customizable price charts
  • 9 different time frames
  • Direct access through all modern browsers
  • 30+ Indicators
  • Complete trading history
  • Securely encrypted data transmission

One of the features of the Web Trader is two-way synchronization. It allows any trades opened within the MT4 or MT5 to be seamlessly reflected across all MetaTrader platforms.

Web Trader platform

Web Trader platform

CQG

CQG is an advanced trading platform for futures trading. It includes

  • Strong cloud infrastructure compatible with every browser and mobile device
  • Multiple page configuration and window linkage
  • Depth of market (DOM) and a one-of-a-kind Hybrid Order Ticket (HOT) with automated order management
  • Trade routing with third-party programs, Quote Boards, Heat maps, and a live RSS News feed
  • Option chain dashboards
  • Over 90 technical indicators and tools

To access the platform, you need to make a special account and deposit funds. The platform is only available for UK clients.

CQG platform

CQG platform

AGENA TRADER MERCURY

Agena Trader Mercury is another advanced platform. It is an options trading platform that comes with plenty of pro features. For technical analysis, you can use OrderStream charts as a multi-dimensional form of a candlestick chart.

You can select QuickTrader to quickly put orders into charts, where you can instantly adjust the DOM performance. In addition, you can access the Traders Room where you can socialize with other traders and share strategies. The platform is only available for UK clients.

Agena Trader Mercury

Agena Trader Mercury

Tickmill VPS

As mentioned already, Tickmill partnered with BeeksFX to provide a VPS (Virtual Private Server). VPS is available on all platforms. A VPS is your own private server hosted on the cloud or the internet. It runs its copy of an operating system (OS) but is not hosted on your computer. With Tickmill VPS, you can have

  • Quick setup and 24/7 live chat and email support
  • Negligible latency due to VPS servers’ adjacent location to Tickmill
  • 100% uptime guarantee
  • No shared resources and increased control

I haven’t tested VPS, but I’ll try it, considering how the broker boosts it.

WHAT TRADING INDICATORS ARE AVAILABLE?

As an active trader, technical analysis is super important. So, for technical trading, we need technical indicators. Tickmill offers plenty of trading indicators across all platforms. Some of the available indicators are

  • RSI
  • MACD
  • Stochastics
  • Bollinger Bands
  • Average True Range, and many more
Further reading

WHAT ARE TICKMILL’S TRADING ACCOUNTS?

WHAT ARE TICKMILL’S TRADING ACCOUNTS?

We got an overview of the broker’s platforms. So, what accounts can you open? You’ll be glad to know there are plenty of account types on Tickmill. Here’s a view of them.

here-s-a-view-of-them

The account types depend on your trading entity. For instance, in the UK, the account types are

  • Pro
  • Classic
  • VIP
  • Futures

For international clients, there are four account types

  • Classic
  • VIP
  • Pro
  • Islamic/Swap-Free

Let’s compare every account type.

1. CLASSIC ACCOUNT

The Classic Account is the basic account you can get at Tickmill. There is a $100 minimum deposit, and users can access the account wherever they live. You can get maximum leverage of 1:500, and spreads start from 1.6 pips. It is a zero-commission account, so you won’t be charged trading commissions. If you are a beginner, then this account is perfect for you.

2. PRO ACCOUNT

The Pro Account is similar to the Classic Account. The only differences are the spreads and commissions. Here you have spreads from zero pips and a per-trade commission. Because of the lower spreads, the Pro Account is a better option for most traders than the Classic Account.

3. VIP

The VIP Account has a minimum deposit of $50,000, and there are zero spreads. It allows you to take advantage of low commissions of $1 per lot or $2 for each round-turn standard lot.

4. ISLAMIC/SWAP-FREE

The Islamic or swap-free account offers zero swap rates. It follows the no-interest principles. To open the account, you need to contact the support team first.

5. FUTURES ACCOUNT

The futures account has a minimum deposit of $1,000, and commissions start from $0.85. To trade the account, you need to follow exchange trading hours. For instance, NYMEX (New York Mercantile Exchange) is open from Sunday 5 p.m. – Friday 4 p.m. CT.

DOES TICKMILL OFFER A DEMO ACCOUNT?

If you aren’t ready for live accounts, you need to open a paper trading/demo account. Yes, Tickmill does provide a demo account.

Further reading

HOW SAFE IS TICKMILL?

HOW SAFE IS TICKMILL?

As part of their regulatory requirements, every broker must provide a safe trading environment. There are many methods the broker can apply to keep trading safe. So, what methods does Tickmill apply? Let’s see!

With the UK entity, you can have

  • £1 Million Insurance on top of FSCS £85,000 protection

You can have

  • Segregated funds and Investor Compensation Fund (ICF) protection with the European entity

With the International entity, you can have

  • Fund protection
  • Top-tier insurance and banking partners

So, the broker is super safe.

Further reading

WHERE IS TICKMILL LOCATED?

WHERE IS TICKMILL LOCATED?

The broker should have a legal address. How would you know if it’s a real broker or another online scam? The good thing is that Tickmill has multiple locations. So, let’s find out where they are.

Tickmill’s headquarters are in London. The registered address is 3rd Floor, 27-32 Old Jewry, London, England, EC2R 8DQ. It has sub-offices in Seychelles and Malaysia.

Tickmill location

Tickmill location

Further reading

WHO OWNS TICKMILL?

WHO OWNS TICKMILL?

We got to know the location of Tickmill. Here, I want to tell you about ownership. Does TICKMILL work on its own? Let’s find out!

Tickmill.com is owned and operated by the Tickmill Group of companies.

Further reading

HOW TO DEPOSIT FUNDS IN THE TICKMILL ACCOUNT

HOW TO DEPOSIT FUNDS IN THE TICKMILL ACCOUNT

Depositing funds can be hard for some brokers. It takes time, and there aren’t many methods available. Fortunately, funding your account is super-fast at Tickmill. And there are a lot of payment methods.

And there are a lot of payment methods

The payment methods depend on your trading entity. Global entity clients can have

  • Bank wire
  • Debit/credit card
  • Skrill
  • Neteller
  • Cryptocurrencies
  • STICPAY
  • Fastpay
  • FasaPay
  • Unionmoney
  • WebMoney

UK entity clients can have

  • Bank wire
  • Debit/credit card
  • Skrill
  • Neteller
  • Dotpay
  • Paysafe
  • SOFORT
  • PayPal
  • Rapid by Skrill

European entity offers

  • Bank wire
  • Debit/credit card
  • Skrill
  • Trustly
  • Dotpay

Depositing through your card is instant. Bank wires can take three business days, while third-party apps’ payment methods can take 24 hours.

Further reading

HOW TO WITHDRAW FUNDS FROM THE TICKMILL ACCOUNT

HOW TO WITHDRAW FUNDS FROM THE TICKMILL ACCOUNT

Are Tickmill’s withdrawal methods the same as for deposits? Are there any additional fees? I’ll answer these questions here. Let’s find out more.

Withdrawals on Tickmill are made using the same methods as those used for deposits, according to the trading entities. Also, it takes the same amount of time. There are no additional fees for withdrawals or deposits.

Further reading

HOW TO CONTACT TICKMILL

HOW TO CONTACT TICKMILL

Tickmill offers multilingual support. The response time depends on which method you are using. For instance, I email them and get a reply within 24 hours. Let’s see how you can contact the broker.

There are several ways to contact the broker. You can

  • Call
  • Chat
  • Email

Also, they have an FAQ page where you can find all answers to your questions. You can also contact them through social media.

Further reading

DOES TICKMILL OFFER PROMO CODES?

DOES TICKMILL OFFER PROMO CODES?

Some forex brokers provide promos to their clients. They do so because each promotion serves a different purpose. Tickmill provides multiple types of promos. Let’s find out which they are.

Let’s find out which they are

Currently, Tickmill provides four types of promos

  • Trader of the month
  • Tickmill’s NFP machine
  • $30 welcome amount
  • IB (introducing broker) contest

There are also three types of partnerships the broker offers

  • Introducing broker
  • Multi-account manager,
  • Tickmill prime.
Further reading

DOES TICKMILL OFFER BONUSES?

DOES TICKMILL OFFER BONUSES?

Like promos, bonuses are the way for a broker to keep users hooked. We all love freebies, so bonuses are a good way to get some free money or other things. Tickmill does provide a bonus. Let’s see what it is.

Tickmill provides a $30 welcome bonus. When you sign up with the broker, it provides you with a $30 welcome bonus.

Further reading

DOES TICKMILL CHARGE TAX ON PROFITS?

DOES TICKMILL CHARGE TAX ON PROFITS?

You make some cool bucks with trading. Now, it’s time to pay taxes. Many brokers don’t provide much tax info. So, what’s the case with Tickmill?

Tickmill doesn’t provide much info on taxes.

Further reading

HOW DO I MAKE MONEY WITH TICKMILL?

HOW DO I MAKE MONEY WITH TICKMILL?

I recently joined Tickmill. The broker has been on my radar for quite some time. So, after digging deeper into the broker, I opened an account.

This firm provides some of the lowest spreads for forex pairs. As a forex trader, I need to have low spreads. The minimum deposit is $100, which is at the higher end, but considering the overall conditions, it’s fine.

I like the overall trading conditions. The customer support is active, and deposits and withdrawals are swift too. Also, there are plenty of trading account types and platforms. Let’s see what others have to say:

Let’s-see-what-others-have-to-say-TICKMILL-1

Let’s-see-what-others-have-to-say-TICKMILL-2

Let’s-see-what-others-have-to-say-TICKMILL-3

Further reading
FAQs

FAQs

Does Tickmill offer Cash or Future CFDs?

Yes, they do provide Cash CFDs, which allow you to trade with a constant price that does not have an expiration date. The broker uses the underlying futures contracts to calculate the Cash CFD price.

Is it possible to archive an account that is not in use?

If the account balance is equal to or less than 50 GBP/EUR/USD or 250 PLN, and there has been no trading activity for 60 days, the broker will automatically close the account.

In which cryptos can I deposit or withdraw funds?

You can deposit and withdraw cryptocurrency in BTC, ETH, or USDT from and to your Tickmill wallet.

FINAL THOUGHTS

There you have it! Now you know everything about Tickmill. Tickmill shines in regulations, platforms, spreads, and account types. However, the broker needs to improve on assets and educational resources.

So, that’s why I’m going to give it 4/5. I hope this review was informative and time-saving for you. If you are looking for forex brokers other than Tickmill, you can check the complete list of brokers here.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.

Further reading