Tickmill Review 2022: Low spreads forex broker

Tickmill Group of Companies offers trading services under the domain name Tickmill. The broker provides you with more than 80 instruments like forex, stocks, cryptocurrency, precious metals, and bonds. The broker is regulated and authorised by the Seychelles Financial Services Authority (FSA). Traders will get here lowest spreads starting from 0.0 pips and high leverages. The broker uses modern technologies for providing Ultra Fast execution speed and security of clients data.

The broker provides three types of accounts for fulfilling the requirements of traders such as Pro account, Classic account, and VIP account. MetaTrader 4 & MetaTrader 5 trading platforms are available for providing a quick and smooth trading experience. The broker customer support team is available 24/5 for customer help. The broker website also has a wide range of educational material such as finance articles, videos, trading tutorials and many other things. 

Tickmill Review Pros and Cons:

Pros 

  • Regulated broker
  • Negative balance protection
  • Investor Compensation funds 
  • Commission-free accounts
  • AutoChartist
  • VPS
  • FIX API

Cons

  • US clients are not allowed.
  • No Cryptocurrency
  • Restricted Leverage for EU clients 

Is Tickmill Review: Scam: Regulations

Tickmill is a trading name of Tickmill Groups of Companies which is regulated by several finance authorities. Tickmill UK Ltd. is authorised and regulated by the Financial Conduct Authority (FCA), and it is a member of The Financial Service Compensation Scheme (FSCS). Tickmill Europe Ltd is also regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker is also regulated by the Seychelles Financial Services Authority (FSA) as a security dealer. The broker keeps clients money in segregated accounts to provide high security to the client’s funds. The broker offers its service across the globe except for the USA, Cuba, North Korea, Iraq, Myanmar, and Sudan.

Tickmill Review Trading Account Types

The broker offers three types of accounts such as Pro account, Classic Account, and VIP account. All these accounts consist of multiple features for fulfilling the requirements of professional as well as beginners traders. Collect complete details about all three accounts from the below bullet points. 

Pro Account

  • Minimum deposit: $100
  • Minimum Balance is Zero
  • Available Base Currencies: USD, EUR, GBP
  • Spreads start from: 0.0 pips
  • Max leverage: 1:500
  • Min Lots: 0.01
  • Commission: 2 per side per 100,000 traded
  • Access to all strategies 
  • Swap-free Islamic Account
  • Demo Account 

Classic Account

  • Minimum deposit: $100
  • Minimum Balance is Zero
  • Available Base Currencies: USD, EUR, GBP
  • Spreads start from: 1.6 pips.
  • Max leverage: 1:500
  • Min Lots: 0.01
  • Commission: zero
  • Access to all strategies 
  • Swap-free Islamic Account
  • Demo Account 

VIP Account 

  • Minimum Deposit: Zero
  • Minimum Balance : 50,000
  • Available Base Currencies: USD, EUR, GBP
  • Spreads start from: 0.0 pips
  • Max leverage: 1:500
  • Min Lots: 0.01
  • Commission: 2 per side per 100,000 traded
  • Access to all strategies 
  • Swap-free Islamic Account
  • Demo Account 

Tickmill Review Account Opening

For opening an account on the Tickmill brokerage website, click on the “Create Account” button available on the right side of the website’s Homepage. The minimum deposit for opening a live trading account is $100. If you consider yourself a beginner, you can register for a demo account where you can practice your trading skills. Follow the steps given below to open an account on Tickmill broker’s website.

  • When you click on the “Create Account” Button, a registration form will open on your device. 
  • In that form, you need to fill in details such as country code, Clients types, First Name, Last name, Date of Birth, E-mail, Entity, Language, Title, Phone number, etc. 
  • After this, a new page will open your device screen. On that page, you need to answer some questions related to your past trading experience. 
  • Now deposit the initial amount as per the account type you selected. 
  • Now you are all prepared to enjoy trading. 

Tickmill Review Trading Platform

MetaTrader 4 

MT 4 trading platform is the preferred trading platform of the finance market. This platform is famous for its user-friendly features and highly customisable interface. It may consist of several built-in tools which help you in position control and trade execution speed. It is very popular among forex traders due to its easy to use user interface, enhanced charting functionality, support for MQL language and indicators. Expert Advisors (EAs) features are also available on the MetaTrader 4 platform. You can access this trading platform through PC, mobile and Mac. MT 4 supports both Android and iOS devices. 

MetaTrader 5 

MetaTrader 5 is the updated version of MetaTrader 4. It consists of all the similar features as MetaTrader 4 with advancement. This platform is the best choice for professional traders. Check key features of the MT 5 trading platform from here.

Key features of the MetaTrader 5 platform are:

  • Order Execution Types: 4
  • Pending Order Types: 6
  • Symbols: Unlimited
  • Technical Indicators: 38
  • Programming Language: MQL5
  • Timeframes: 21
  • Analytical Objects: 44
  • Strategy Tester: Multi-threaded
  • Trading Signals & Copy Trading
  • Reports: Charts (HTML5) & Tables
  • Built-in Economic Calendar

WebTrader 

You can directly access your MetaTrader 4 trading platform through the browser with the help of the WebTrader feature. With one click, you can open your MT 4 and MT 5 platforms in a new window. It provides you with high execution speed as per your device. It supports both Windows and iOS devices. Check here the significant features of the WebTrader platform. 

Key Features of WebTrader trading platform

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

Tickmill Review Trading Instruments

  • Forex: The broker offers 60+ major currency pairs such as EUR/USD, AUD/USD, etc.
  • Stock Indices & Oil: Traders can trade more than 14 stock Indices like DE30, FRANCE40, etc.
  • Precious Metals: Investors can invest in Gold and Silver from Tickmill.com. 
  • Bonds: Enjoy trading over German Bond by the Tickmill trading portal. 
  • Cryptocurrency: Go long or short, and major cryptocurrency pairs are available for trading. 

Tickmill Review Commission & Spreads

The broker charges fewer commissions from the Classic and VIP account holders. Pro Account holders will enjoy commission-free trading. The broker will offer negotiable spreads to their clients. The minimum lot size is 0.01 pips, Whereas the maximum lot size varies as per your accounts. 

Tickmill Review Leverage

The brokers provide leverage vary as per the account. The maximum leverage provided by the broker is 1:500. Managing high leverage is a difficult task; beginners must use leverage properly because even professional traders face huge losses due to high leverage.

Tickmill Review Deposit and Withdrawal

The minimum deposit is $100 for Pro and Classic account holders, whereas there is no minimum deposit limit for VIP account holders. They need to maintain a minimum balance of 50,000 in their trading account. The withdrawal request should be processed within 24 hours on business days. Withdrawal will take 3 to 4 days to appear on your bank account. The broker provides several depositions and withdrawal methods such as Skrill, FasaPay, Neteller, UnionPay and credit card. 

Tickmill Review Educational and Research Support

The broker website has quality educational material such as trading articles on trending finance topics, Videos, tutorials, etc. A good number of trading tools are also available on the broker’s website. Traders can use these materials to enhance their trading knowledge. 

Tickmill Review Customer Support

The broker customer support team is always available for your help. Traders can contact them from Monday to Friday 24 hours. The Contact form is also available on broker websites, and you can also use that form for contacting them. Investors also contact them through live chat, phone calls, and e-mail.  

Final Verdict:

Tickmill is an online brokerage firm that offers its trading services over 80+ assets. The broker is regulated by various financial authorities. One of the regulatory authorities is Cyprus Securities and Exchange Commission (CySEC) by which the broker is authorised. Here traders can pick any one account from the three given options such as Pro account, Classic Account, and VIP account. Here you get negligible spreads and high leverage for trading. The broker support term will revert in zero seconds to their client 24/5. For more details, read the above article carefully. 

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