REVIEWS

Tickmill Review 2022

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tickmill review

Tickmill is a CFD and Forex broker currently regulated by three top-tier financial regulators in the world, which are: the Financial Conduct Authority of the UK (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles (FSA). 

This Tickmill review will demonstrate an analysis of all the different features that this Forex broker can provide.

Tickmill offers several types of trading accounts on two different trading platforms. You will find that Tickmill offers very low trading and non-trading fees, making it one of the lowest Forex broker commissions in the trading industry. Tickmill offers different payment methods to withdraw funds and deposit funds into your trading account, with no additional charge.

Tickmill provides the option of trading on the go, and you can also place different order types simultaneously. However, there is a limited range of financial instruments and narrow access to financial markets. Along with limited access to financial markets, you will find that there is no 24\7 customer service available. The customer service department makes up for the two-day weekend by providing relevant answers and offering different languages.

Tickmill Main Features
🗺️Established in: 2014
🏢Headquarters: Cyprus
⚖️Regulations: CySEC, FCA , FSA
⚖️Country of regulation: UK, Cyprus, Seychelles
💰Minimum Deposit: $100
🖥Platforms: MT4, MT5, WebTrader
🎮Demo Account Available: No
💱Leverage: 1:500
💰Withdrawal fee amount: $0
💰Inactivity Fee: No

Background

Tickmill is a registered trading name for Tickmill Ltd, which is a member of the Tickmill Group. This Forex broker was established in 2014 in Seychelles, where it aimed to create a premium trading environment that allows traders to reach their full potential. Currently, Tickmill has more than 166,000 clients who are fully satisfied with this Forex broker’s performance and over 273 million trades are executed.

Pros Cons
 Regulated by the FCA, CySEC, and the FSA  Limited range of financial instruments
 Low trading fees and low commission  No 24\7 customer service available
 Fast account opening process  High minimum deposit for VIP Account
 No deposit and withdrawal fee  No clients from the US and Canada allowed
 Different trading platforms available  
Wide range of trading tools  
Demo Account provided  

Tickmill is a Forex broker that was created in 2014, in Seychelles.

Safety & Regulation

Tickmill is currently regulated by the Financial Conduct Authority of the UK (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles (FSA). This Forex broker also provides negative balance protection and investor protection for its traders.

This Tickmill review will demonstrate the different regulations and security measures taken by this Forex trading broker.

Is Tickmill Safe?

Tickmill is a safe and trustworthy Forex trading broker that stores client funds in segregated accounts that are kept isolated from corporate funds. In addition to storing client funds in segregated accounts, you will also find Tickmill provides negative balance protection and investor protection amount. Tickmill also conducts audit reports on a regular basis to prove its compliance with the financial regulators.

Pros Cons
 Regulated by the FCA, CySEC, and the FSA  Not listed on stock exchange
 Provides negative balance protection  Does not have a banking license
 Provides investor protection amount  
 Conducts audit reports on a regular basis  
 Stores client funds in segregated accounts  

Leverage

Tickmill provides three different trading accounts: the Standard Account, the Pro Account, and the VIP Account. All three trading accounts have the same maximum leverage level, starting from 1:1 and reaching up to 1:500. The maximum leverage level is determined by the jurisdiction of your place of residence; as an example, the ESMA for the European Union allows a 1:30 leverage level.

Tickmill is currently regulated by the Financial Conduct Authority of the UK (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles (FSA). 

Fees

Tickmill provides low trading fees and non-trading fees compared to other trading brokers in the industry.The commission charged for traders is incredibly low and it only costs 2 base currency units per lot.

This Tickmill review will inform you of the different fees that you are charged, for trading or non-trading transactions.

Trading Fees

Trading fees are commissions charged during trading financial transactions, along with spreads provided by Tickmill. However, with Tickmill, the spreads and the commissions vary, depending on the trading account. For the Classic Account, you will find spreads start from 1.6 pips. As for the Pro Account and the VIP Account, spreads start from 0.0 pips. In regards to commissions charged, the Classic Account does not require any commissions. With the Pro Account, you are charged with a commission of 2 per side per 100,000 traded. Finally, in the VIP Account, you are charged with a commission of 1 per side per 100,000 traded.

Pros Cons
 Low trading fees  High minimum deposit for VIP Account
 Low non-trading fees  Commission charged for 2 base currency units per lot
 No inactivity fee  
 No deposit or withdrawal fee  
 Tight spreads available  

Non-Trading Fees

With Tickmill, you will find that there are no distinctive non-trading fees. Non trading fees are fees charged to the trader from the broker on transactions that are excluded from trading. Tickmill does not require a fee for depositing funds into your trading account or for withdrawing funds from your trading account. You are also not required to pay an inactivity fee, if you happen to stay inactive for a period of time.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD
 Tickmill Fees Compared To Competitors
  Tickmill  XM Exness
Account Fee No No No
Inactivity Fee No Yes No
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

Leverage

IronFX offers flexible leverage levels, depending on the trading account you signed up with. The Micro Account has a 1:100 maximum leverage level, along with the Premium Account and the VIP Account. The Zero Fixed Account provides a 1:500 maximum leverage level.

Tickmill provides low trading fees and non-trading fees compared to other trading brokers in the industry.

Account Opening

Tickmill offers three different types of trading accounts: The Standard Account, the Pro Account, and the VIP Account.

Each trading account differs in the trader’s experience and the complexity of their trading strategies. The account opening process is fully digital and fast in execution.

This Tickmill review will provide a step-by-step guide on how to open a Live Account.

Pros Cons
 Different trading accounts available  None
 Low minimum deposit for the Standard Account and the Pro Account  
 No commissions charged for the Standard Account  
 Islamic Account option available on all three accounts  
 Fully digital and fast account opening process  

Minimum Deposit

Tickmill requires a minimum deposit for two trading accounts: The Standard Account and the Pro Account. The minimum deposit required is 100USD or its currency equivalent. However, the VIP Account does not require a minimum deposit, but it requires a minimum balance. You need to have a minimum balance of 50,000USD or its currency equivalent in your account to be able to open a VIP Account on Tickmill.

Pro Account

The Pro Account requires a minimum deposit of 100USD or its currency equivalent, and it has a maximum leverage level of 1:500. You will be given tight spreads that start from 0.0 pips. However, you will be charged with a commission of 2 base currency units per side per 100,000 traded. There is a minimum lot of 0.01 lot and all trading strategies are allowed with this Tickmill Pro Account. In addition, you can always activate the option of having an Islamic Pro Account for swap-free positions.

Standard Account

As for the Standard Account, referred to as the Classic Account on the Tickmill website, you are required to make a minimum deposit of 100USD or its currency equivalent. You will also have a maximum leverage level of 1:500. With the Classic Account, you will have wider spreads that start from 1.6 pips, but you will not be charged with any commissions. There is a minimum lot of 0.01 and all trading strategies are allowed. The option of an Islamic Standard Account is available for you if you prefer swap-free positions.

VIP Account

The final trading account is the VIP Account, which does not require a minimum deposit. However, you will be required a minimum balance of 50,000USD or its currency equivalent. This trading account also provides tight spreads starting from 0.0 pips, but you are going to be charged with a commission of 1 base currency unit per side per 100,000 traded. All trading strategies are allowed with the VIP Account, with a maximum leverage level up to 1:500. You can also activate an Islamic VIP Account for swap-free positions.

How To Open A Tickmill Trading Account

Step One: Fill in the online application with your personal information

Tickmill Step One

Step Two: Put in your personal information of your personal address, tax identification number, financial background, trading knowledge and experience, and other data.

Tickmill Step Two

Tickmill Step Two (2)

Tickmill Step One

Step Three: You are ready to start trading.

Tickmill Step Three

Tickmill offers three different types of trading accounts: The Standard Account, the Pro Account, and the VIP Account.

Deposit & Withdrawal

Tickmill offers fast and free deposits and withdrawals of funds. You can select from three different types of payment methods: Credit\Debit Card, Bank Transfers, and Electronic Payments. However, the account base currencies available are narrow in choices.

This Tickmill review will provide you with the different payment methods available to deposit and withdraw funds to your trading account.

Account Base Currencies

Tickmill offers four different account base currencies, where you are required to select one of them as the currency you will be dealing with on your trading account. The four account base currencies are EUR, GBP, USD, and PLN. If you deposit or withdraw funds with a different currency, the funds will be converted to your account base currency.

USD EUR GBP AUD
JPY BTC PLN CZK

Deposits

Tickmill deposits funds into your trading account, without charging you with any deposit fees. You can deposit funds into your trading account with: Credit\Debit Card, Bank Transfers, and Electronic Wallets. The deposit process via bank transfer takes approximately 1-3 business days, while the credit\debit card and electronic payment method is processed instantly. However, you will only have four different account base currencies to choose from.

Pros Cons
 Fast deposit process  Limited account base currencies
 Different payment methods  
 No deposit fees  

Tickmill Deposit Options

  • Bank Transfer
  • Credit\Debit Card
  • Electronic Wallet

Withdrawal

As for withdrawals from your trading account, Tickmill has similar withdrawal features to that of deposits. You will not be charged with any additional fee, better known as withdrawal fee. Withdrawals with Tickmill normally take approximately 1 business day, no matter the payment method. There are several different types of payment methods: Credit\Debit Card, Electronic Wallets, and Bank Transfers. On the other hand, you will find a shortage in the selection of the account base currencies since there are only four currencies to choose from.

Pros Cons
 Fast withdrawal process  Limited account base currencies
 Different payment methods  
 No deposit fees  

Tickmill Withdrawal Options

  • Bank Transfer
  • Electronic Wallet
  • Credit\Debit Card
Tickmill offers fast and free deposits and withdrawals of funds.

Trading Platforms

Tickmill provides two types of trading platforms: MetaTrader4 and WebTrader.MetaTrader4 is one of the most well-known trading platforms that are used by traders all over the world.

This Tickmill review will use MetaTrader4 as a model to analyze the features available for clients with Tickmill.

  • MetaTrader4
  • WebTrader

Web Trading Platform

The MetaTrader4 web trading platform that is provided by Tickmill is available for use in many languages, and you will find the platform easy to navigate through. There are more than 30 indicators that can be customized to your trading needs, on whatever operating system you own. Additionally, you will have access to five different pending order types, which are: Market, Limit, Stop, Good Till Cancelled (GTC), and Good Till Time (GTT). These order types are considered the order types needed in basic trading.

You have the option of viewing your full portfolio and any past transactions that you have made, to keep updated on your performance. On the other hand, the MT4 web trading platform does not provide price alerts or notifications, and you will have to rely on the initial login process since there is no two-step verification process.

Pros Cons
 Available in several languages  No price alerts or notifications
 Customizable indicators No two-step login process for verification
 Easy to navigate  
 Able to view portfolio and past transactions  
 Available on all operating systems  

Desktop Trading Platform

The MetaTrader4 desktop trading platform is similar to the web trading platform in many ways. With the desktop platform, you can customize more than 30 indicators any way you choose, in any language you want. You can download the MT4 desktop trading platform on any operating system and you can activate price alerts in the form of push notifications on your desktop. There are five pending order types that you can use to trade, which are: Market, Limit, Stop, Good Till Cancelled (GTC), Good Till Time (GTT).

Additionally, you can view your past transactions and your full portfolio, so you can keep track on all your past performances. However, you will find the MT4 desktop trading platform to be very outdated in design and it does not provide a two-step login process as a form of verification.

Pros Cons
 Available in different languages  No two-step login process
 Indicators can be customized  Outdated design
 Access to your portfolio and past transactions  
 Downloadable on Mac and Windows  
 Price alerts and notifications are available  

Mobile Trading Platform

There are over 30 indicators that be customized to your liking, and you will find that the design of the trading platform is very user friendly. You can activate price alerts as a push notification on your device, but you cannot use facial recognition or fingerprint recognition as a form of identification for logging in.

Pros Cons
 Wide selection of languages available  No facial or fingerprint recognition
 Customizable indicators provided  
 Price alerts and notifications are available  
 Downloadable on iOS and Android  
 User friendly design  
Tickmill provides two types of trading platforms: MetaTrader4 and WebTrader.

Markets & Financial Instruments

Tickmill provides access to four different asset classes and more than 50+ different currency pairs are available to trade on. However, you will not find a wide selection of financial instruments, such as cryptocurrencies and energies.

This Tickmill review will inform you of the different financial markets and financial instruments that you will have access to.

Pros Cons
 More than 50+ currency pairs  Does not provide cryptocurrency
 More than 270 Million trades executed from all over the world  Limited range of financial products
 Gold and Silver available for trading  
What Tickmill Offers
Forex Stock Indices and Oil
Precious Metals Bonds

Tickmill provides access to four different asset classes: Forex, Precious Metals, Bonds, and Indices. With Tickmill, you will be able to trade with more than 60+ Forex pairs, and you will have access to Silver and Gold crosses. Additionally, you can trade with more than 14+ indices and have access to German bonds. Tickmill enables all trading strategies for all four financial markets, and you will have the maximum leverage level of 1:500 for all asset classes.

Tickmill provides access to four different asset classes and more than 50+ different currency pairs are available to trade on.

Markets Research & Trading Tools

Tickmill aims to provide a trading environment that allows its traders to reach their full potential.
This is done by the trading tools and market research materials provided for the trader. Market research materials such as trading ideas and fundamental data help the trader to understand the trading industry. On the other hand, trading tools such as AutoChartist and Tickmill VPS enhance the trading strategies of the trader.

This Tickmill review provides data on the different trading tools and market research material provided by this CFD and Forex trading broker.

Trading Tools

There are many trading tools provided for traders with Tickmill, and they all improve your trading strategies. The first trading tool AutoChartist provides traders with fundamental analysis data that identifies chart patterns, facilitating in making your trading strategies more accurate. As for Myfxbook, is a copy trading platform that allows you to view the trading strategies of expert traders and duplicate them as your own, becoming an experienced trader without facing any financial exposure.  The Forex Calculator offers the option to calculate all major and minor currency pairs, giving you accurate calculations on the Forex pair you selected.

Tickmill Tools
AutoChartist Myfxbook Copy Trading
Tickmill VPS Forex Calculator
One-Click Trading
Pros Cons
Tickmill VPS provides you the option of automated trading None
Copy trading gives you experience without any financial risk  
Accurate chart patterns with AutoChartist  
All Forex pairs are calculated with Forex Calculator  
Expert Advisors available via One-Click Trading  

Market Research

Tickmill offers market research materials that will allow you to stay updated on the trading industry. This includes: trading ideas, fundamental data, and economic calendars. Trading ideas are daily blog posts that were written by Tickmill experts, which explain market events. Trading ideas is a very suitable method for novice traders to delve into the trading world. As for the fundamental data, it mostly focuses on macroeconomic data, instead of the company’s data. This gives you the full scope of the trading world. The economic calendar is a calendar that is updated daily on the economic events that take place around the world. You can also view past events on the economic calendar.

Pros Cons
Trading ideas are easily explained and simplified None
Trading ideas are updated daily  
Fundamental data focuses on the macroeconomic world  
Economic calendar provides detailed descriptions of events  
Economic calendar is updated daily.  
Tickmill aims to provide a trading environment that allows its traders to reach their full potential.

Customer Service

Tickmill offers different means of communication, where the customer service staff is accommodating and provides relevant answers to your inquiries. You will find that most of the different means of communication have fast response times, except for the postal service and the live chat. Also, the customer service department does not operate 24\7.

This Tickmill review will inform you of the different means of communication that allow you to reach the customer service staff of Tickmill.

Tickmill has a satisfying customer service staff, which is why Tickmill currently has 166,000+ satisfied clients. Customer service is available via phone, email, or live chat, and you can send an inquiry form. You will find that email support and phone support are the fastest way for you to reach customer service since they have a very fast response time. The postal service and live chat take longer than they should, but the live chat takes screenshots of their explanations to expedite your customer service experience. However, the Tickmill customer service is not available 24\7.

Pros Cons
 Fast response time for most of the means of communication  Slow response time with Live chat and Postal service
 Relevant answers to your inquiries  Not 24\7 available
 Accommodating customer service staff  
 Different methods of communication  
 Available in several different languages  

Means Of Communication

  • Phone Support
  • Email Support
  • Postal Service
  • Live Chat
  • Inquiry Form

 

According to different customers, their overall trading experience was improved after they reached the customer service support of Tickmill. The customer service response time and relevant answers that followed were all very helpful, making the client feel more in touch with their broker. The human touch made a big difference with the customers, which led to an improvement in their trading experience and general feedback towards Tickmill.

Tickmill offers different means of communication, where the customer service staff is accommodating and provides relevant answers to your inquiries.

Client Education

Tickmill offers several different types of client education resources of all forms.

From visual aid to a Demo Account as a hands-on approach, you can learn everything about trading with Tickmill.

This Tickmill review will give you how-to guide on opening a Demo Account of Tickmill.

Pros Cons
 High quality educational videos  Must be a Tickmill member to have access to the resources
 Relevant educational articles  
 Free demo account  
 Free webinars for all traders  
 Resources are easy to navigate  
Tickmill educational resources are offered free of charge to all traders of Tickmill. The platform tutorial videos give you a step-by-step guide on how to use the different trading platforms of Tickmill. As for the webinars, there are interactive sessions on different trading topics that are explained by an expert. The educational articles and videos provide you with basic information about trading, and escalate to advanced topics. For those who prefer visual aid, Tickmill educational videos are all available and in high quality. The Demo Account is also available for traders who would like a more hands-on approach on learning. You will find the Demo Account allows you trade on real-time and real market conditions.

How To Open A Demo Account

Step One: Fill in your personal information in the online application and your Demo Account is opened.

Tickmill Demo Step One

Tickmill offers several different types of client education resources of all forms.

Conclusion

With its low trading fees and non-trading fees, this Forex broker allows you to reach your full trading potential without having to concern yourself with additional fees.

Tickmill is regulated by three top-tier financial regulators around the world, and value the protection of client funds and client information. You will find that client funds are stored in segregated accounts, along with the provision of negative balance protection and investor protection.

Overall, Tickmill is a safe and trustworthy Forex broker that creates an optimal trading environment for its users.

Tickmill is a Forex and CFD trading broker that has been active since 2014, and it has more than 160,000 satisfied clients.

Frequently Asked Questions

Is Tickmill A Good Broker?

Tickmill offers several types of trading accounts on two different trading platforms. You will find that Tickmill offers very low trading and non-trading fees, making it one of the lowest Forex broker commissions in the trading industry. Tickmill offers different payment methods to withdraw funds and deposit funds into your trading account, with no additional charge.

Is Tickmill Legit?

Tickmill is a legitimate Forex trading broker that values the protection of client funds and information. This Forex trading broker provides traders with negative balance protection, which protects traders in the case that they reach a negative balance. In addition to the negative balance protection, Tickmill offers investor protection amount, in the possibility that the Forex trading broker reaches bankruptcy.

How Long Do Tickmill Withdrawals Take?

Tickmill withdrawals take approximately 1 business day.

What Is The Minimum Deposit For Tickmill?

The minimum deposit for Tickmill is 100USD, and the VIP Account requires a minimum deposit for 50,000USD and as a maintained balance.

Is Tickmill Regulated?

Tickmill is regulated by the Financial Conduct Authority of the UK (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles (FSA). This Forex trading broker takes protective and preventive measures to look after client information and client funds.

Is Tickmill An ECN Broker?

Yes, Tickmill is a global ECN broker.

Is Tickmill Safe?

Tickmill is a safe and trustworthy Forex trading broker that stores client funds in segregated accounts that is kept isolated from corporate funds. In addition to storing client funds in segregated accounts, you will also find Tickmill provides negative balance protection and investor protection amount. Tickmill also conducts audit reports on a regular basis to prove its compliance to the financial regulators.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.