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Tickmill Forex Broker Review 2024

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Tickmill Forex Broker Review 2024
Scalping Negative Balance Protection Hedging
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Tickmill Limited
Founded:Seychelles
Min Deposit:100
Max Leverage:1000
Headquarter:Seychelles
US Accepted:
About
Tickmill is a global broker, regulated by several authorities, offering competitive trading conditions, including leverage up to 1:1000 and spreads from 0.0 pips. It provides various account types, supports popular trading platforms, and offers educational resources. Limited forex pairs and account options are notable drawbacks.
Contact
3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Popular Trading Platforms Supported
Educational Resources And Copy Trading Services
Regulated In Multiple Top-Tier Jurisdictions
Advanced Trading Platforms For Futures And Options
Cons
Low Variety On Account Types
Relatively Low Amount Of Forex Pairs
Tickmill
Tickmill broker overview of features, specifications, and pros & cons

Tickmill is a well-established broker founded in 2017, currently with more than 785,000 registered accounts. It offers spreads from 0.0 pips and up to 1:300 leverage, attracting many traders.

Also, you can open a position with just 0.01 lot on it. To learn more about its other top features in addition to its downsides, keep reading this Tickmill review.

Tickmill Company Information & Regulation

Tickmill is a global group of forex and CFD brokers that has garnered numerous industry awards and recognitions over the years.

The company's excellence in client service, trading conditions, and technology has solidified its position as a trusted name in the trading world.

Operating in over 180 countries, Tickmill boasts an impressive average monthly trading volume exceeding $129 billion.

Regarding regulation, this broker has taken a multijurisdictional approach, being regulated by authorities listed below:

  • Financial Services Authority (FSA) in Seychelles
  • Financial Conduct Authority (FCA) in the United Kingdom
  • Cyprus Securities and Exchange Commission (CySEC)
  • Labuan Financial Services Authority (LFSA)
  • Financial Sector Conduct Authority (FSCA) in South Africa

Tickmill Specifics Summary

In this section, we will have a glance at the broker's main specifics and features. Summary table at Tickmill:

Broker

Tickmill

Account Types

Classic, Raw

Regulating Authorities

FSA, FCA, CySEC, LFSA, FSCA

Based Currencies

USD, EUR, GBP, ZAR, PLN, CHF

Minimum Deposit

100

Deposit Methods

Crypto, Payment Systems, Credit/Debit Cards, Bank Transfers

Withdrawal Methods

Crypto, Payment Systems, Credit/Debit Cards, Bank Transfers

Minimum Order

0.01

Maximum Leverage

1:1000

Investment Options

Social Trading

Trading Platforms & Apps

Metatrader 4, Metatrader 5, Metatrader Web, Mobile App

Markets

Forex, Stock Indices, Commodities, Crypto, Stocks, Bonds

Spread

From 0 Pip

Commission

From $0

Orders Execution

Market

Margin Call/Stop Out

100%/30%

Trading Features

Negative Balance Protection, Scalping, Hedging

Affiliate Program

Yes

Bonus & Promotions

$30 Welcome Account, NFP Machine, Trader Of The Month Bonus

Islamic Account

Yes

Pamm Account

No

Customer Support Ways

Live Chat, Email, Phone

Customer Support Hours

24/5

Trading Accounts Available on Tickmill

Different account types offer various specifications for traders. This brokerage offers two main types of trading accounts in addition to a demo account. Live accounts on Tickmill:

  • Classic: For commission-free trading with access to global markets
  • Raw: Offers trading with tight spreads and competitive commissions

 

Raw

Classic

Min. Deposit

100

Base Currencies

USD, EUR, PLN, CHF, GBP

Max. Leverage

1:1000

Min. Lots

0.01

Strategies Allowed

All

Islamic Account

Yes

These account types differ in commission and spreads, which will be covered later in the article.

Tickmill Forex Broker Advantages and Disadvantages

Examining pros and cons on a broker helps you to get a balanced view of it. Tickmill benefits and drawbacks:

Cons

Pros

Low Variety On Account Types

Regulated In Multiple Top-Tier Jurisdictions

Relatively Low Amount Of Forex Pairs

Advanced Trading Platforms For Futures And Options

 

Educational Resources And Copy Trading Services

 

Popular Trading Platforms Supported

Tickmill Broker Registration & Verification Tutorial

This brokerage uses a relatively longer process for account opening compared to other companies. Registration guide:

  • Visit the Tickmill website and click on "Create Account";
  • Select your account type;
Tickmill registration form
Enter your name and date of birth in the form.
  • Enter the required personal details in the form;
  • Select your country of residence from the list;
  • Provide your phone number;
  • Upload images of the required documents.

Wait for the broker to verify your identity details, then your account will be authorized.

Tickmill Platforms & Apps

Traders use different platforms on brokers. Therefore, these companies usually try to offer various platforms to attract more users. Tickmill trading platforms and apps:

MetaTrader 4

"MT4" remains one of the most popular trading platforms globally, and Tickmill's offering includes:

  • Order execution with no partial fills;
  • EA trading through using the broker's VPS services;
  • More than 50 indicators available in 39 languages;
  • Automated trading capabilities (Expert Advisors);
  • Trading signals.

Download links:

MetaTrader 5

Tickmill MT5
MetaTrader 5 on Tickmill features and specifics

The more advanced "MT5" platform offers enhanced features:

  • Support for all order types, including 6 pending order types;
  • Sophisticated algorithmic applications (Expert Advisors, trading robots, copy trading);
  • 38+ integrated technical indicators;
  • 21 timeframes;
  • Customizable charts;
  • Built-in economic calendar.

Download links:

Tickmill Mobile App

For traders on the go, the broker's proprietary mobile app provides:

  • Account management features
  • Deposit and withdrawal functionality
  • Fast login using biometric authentication

Download Links:

Spreads & Commission on Different Account Types

Spreads and commissions are very effective in the cost management of the trading. At the table below, we will examine the trading fees on the broker:

 

Commission

Spread

Classic Account

None

From 1.6 Pips

Raw Account

$3 Per Lots Per Side

From 0 Pips

Deposit and Withdrawal Methods on Tickmill

The broker offers a range of secure and convenient payment options. List of deposit and withdrawal methods on the broker:

  • Bank Transfer: Using local banks
  • Crypto Payments: Popular crypto currencies supported
  • Credit/Debit Cards: Visa, Mastercard
  • Electronic Payment Systems: Skrill, Neteller, Fasapay, Webmoney
  • Unionpay: For Chinese traders

Does Tickmill Offer Copy Trade and Investment Options?

The broker offers copy trading services through its "Social Trading" section. It allows the user to become a "Strategy Provider" and let other people copy their trades, or become a "follower" and copy the provided signals and strategies.

Also, a trader can be a provider and a follower at the same time, by opening two different trading accounts. Regarding fees, providers can set up to a maximum of 50% of the profit made for a follower as commission.

Which Markets and Instruments Can You Trade on Tickmill?

This brokerage offers a diverse range of trading instruments with decent specifications and costs:

  • Forex: Over 60 currency pairs with leverage up to 1:1000 and spreads from 0.0 pips
  • Stock Indices: Over 15 global indices with low spreads and leverage up to 1:100
  • Stocks & ETFs: Over 500 stocks and ETFs with leverage up to 1:20 and no commissions
  • Bonds: Trade German bonds with spreads from 0.0 and leverage up to 1:100
  • Commodities: Trade precious metals and energies with spreads from 0.0 and leverage up to 1:1000
  • Cryptocurrencies: 24/7 trading with leverage up to 1:200.

Bonuses & Promotions on Tickmill

Tickmill Bonus
$1,000 "Trader of the Month" prize on Tickmill broker

The broker periodically offers various bonuses and promotions to attract new clients and reward existing ones. Currently, it offers these bonuses for traders:

  • Trader of The Month: a $1,000 prize for the best trader chosen by the broker
  • NFP Machine: $500 for the trader who guesses the correct price of a chosen instrument after the NFP release
  • $30 Welcome Account: a risk-free trading account for new traders

It's important to note that bonuses and promotions are subject to change and may have specific terms and conditions.

Tickmill Broker Customer Support

The brokerage provides common methods for contacting support. It offers multilingual services for users from around the world. Tickmill support contact methods:

  • Live Chat: accessible on the website
  • Phone Call: different phone numbers for various regulatory authorities
  • Email Address: support@tickmill.com, getting a respond within 24 hours on business days

The support team is available 24/5.

Tickmill Restricted Countries List

Tickmill banned countries
List of countries that are restricted from Tickmill's services

While the broker operates globally, there are certain countries where its services may be restricted due to regulatory or legal reasons.

As of the last update, Tickmill does not provide any services to the countries listed below:

  • Iraq
  • North Korea
  • Syria
  • Myanmar
  • Cuba
  • Iran
  • Sudan
  • United States

Tickmill Trust Scores on Reliable Websites

This company has garnered positive trust scores on various reliable review websites, including ForexPeaceArmy. In this section of Tickmill review, we will have an overview of these scores:

Tickmill Scores on Trustpilot
Tickmill's mediocre user score on Trustpilot website
  • Trustpilot: 3.2 out of 5, based on over 500 reviews
  • ForexPeaceArmy: 3.34/5, with over 200 votes

Educational Content and Materials Offering

Tickmill offers a comprehensive section dedicated to educational resources to help traders of all levels improve their skills. The broker's educational content:

  • Market analysis and trading psychology guides
  • Basic tutorials for working with a trading terminal and indicators
  • Glossary of technical terms in the industry
  • Market insights, infographics, webinars, and seminars

Conclusion and Final Words

Tickmill is a reliable broker regulated by CySEC, FSA, FCA, FSCA, and LFSA, trusted by more than 400,000 clients from around the world.

In addition to reliability, it offers attractive specifications such as leverage up to 1:1000 and zero spread trading.

Overall, Tickmill broker is a suitable choice for most traders, but always conduct your own research before any making deposits.

Is Tickmill a regulated broker?

Yes, this company is regulated by multiple authorities, including the FCA, CySEC, and FSA.

What is the minimum deposit for Tickmill?

You require $100 or equivalent to open an account with this broker.

Can I use Expert Advisors (EAs) with Tickmill?

Yes, it supports the use of Expert Advisors on both MT4 and MT5 platforms.

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