Tickmill was established in 2014, after Armada Markets moved its retail clients to Tickmill. The broker is regulated in Seychelles by the Financial Services Authority , and the UK, Cyprus, and Malaysia. Tickmill Group employs more than 200 staff and has over 50,000 customers, according to its website. Tickmill is a multi-asset broker offering one of the lowest forex commissions out there. On the other hand, the broker has a limited product portfolio and only forex and CFDs. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.

TickMill has been facilitating trade on the financial markets for over 13 years. TickMill offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. All funds deposited to TickMill Retail foreign exchange trading are held in segregated tier 1 bank accounts for security. TickMill is regulated by Financial Conduct Authority so can be considered legit. TickMill CFDs are typically used for short to medium term trades.

tickmill broker review

Trade 62 currency pairs, including the majors, minors and exotics, with ultra-low spreads and fast execution. Its product range is limited to forex, CFDs on some stock indexes and commodities. The trading platforms have outdated design and the news feed is basic. We also compared Tickmill’s fees with those of two similar brokers we selected, AxiTrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority in the United Kingdom.

What Can You Trade With Tickmill?

Tickmill offers a three tier discount for active traders, with rebates beginning at $0.25% per standard lot. This goes up to 1000 standard lots a month, at $0.75 for those trading more than 3,001 lots a month. tickmill broker review Based on Tickmill’s typical spread data for its Pro account offering of 0.13 pips for the EUR/USD, you will have a total cost of 0.53 pips when accounting for the RT commission equivalent of 0.4 pips.

I am just a lil bit sad because you have to pay a little bit more to trade the exotic currency pairs but everything else is perfect. everything is top notch and their customer support is quite useful. forex Keep your trading costs down with competitive spreads, commissions and low margins. Get direct access to a range of CFD instruments with some of the lowest spreads available on the market.

Customer support is available by phone, email and live chat 24/5. Tickmill has a schedule of free seminars around the world, which introduce traders to new areas of learning and also allows clients to meet brokers in person and create relationships. Currently, there are no bonus or promotions advertised on the broker’s FCA or CySEC regulated websites, in line with European regulations. However, accounts opened under the Seychelles Financial Services Authority are offered bonus promotions. Trading costs with Tickmill vary depending on the account type opened and instrument being traded. Autochartist MT4 Plugin and web application which is an advanced chart pattern recognition tool highlighting actionable trading opportunities.

  • In addition, part of the commission can be returned through a rebate from Traders Union.
  • A peek into Tickmill customer comments and reviews will encourage you to deal with this credible brokers.
  • It is to be hoped that the company plans to attend to customers references and enhance its service keeping the pace of its successful start.
  • If you want a quicker way of conducting transactions use credit/debit cards or e-wallets.
  • Among the advantages of the broker are provision of trading tools, services, bonuses, professional technical support, this is to say about the well considered strategy of cooperation with the customer.
  • Tickmill was founded in Seychelles in 2014 and despite being young in the industry it has moved in giant strides to become a force to reckon with.

VIP Account – This type of account features ultra-low commissions. Pro Account – This account, designed for professional traders, features competitive commissions and tight spreads. Bear in mind when considering forex trading, as we approach the U.S. election uncertainty, fiscal and monetary trends will significantly affect the dollar and global exchange rates. Keep in mind, increased demand will likely result in increased fraud and scams in the forex market.

Need For Fund Deposit Options

Clients simply need to choose between two regulators, including FSA of Seychelles and FCA of United Kingdom before entering their personal details on the two-step registration process. The stochastics indicator is one of the oldest analytical tools in the market and its great advantage is its simplicity.

This could result in $500 added to your trading account, or if it’s a close prediction a $200 prize. The CQG Mobile trader app offers advanced features for $25 per month as a stand-alone, or free with any other package.

Mobile Trading Platform

The MT4 is the only platform available, but since this is a popular, respected, award-winning platform, the lack of choice in this area is forgivable. The company is authorised and regulated by the FSA, and offers negative balance protection.

tickmill broker review

This type is suitable for many, given the spreads are less expensive. The base currencies available for the clients to trade in are USD, EUR, GBP, and PLN. The only thing the trader needs to pay for is the bid or the ask spread. If the trader finds it very slow, traders can rent a VPS server. The Tickmill UK Ltd website provides in-depth information about margin requirements and also has a margin calculator.

Bonds are generally very stable and used by investors for diversification and hedging against risk in their portfolios. The plethora of options available for depositing and withdrawing funds means that the broker scores a perfect 10. However, a point to be noted is that bank transfers can take up to 7 days which can be a bit slow at times but bank transfers are usually slow and take a lot of time. If you want a quicker way of conducting transactions use credit/debit cards or e-wallets. The detailed interface and plethora of functionality and research tools mean that Tickmill scores a healthy 8 in this dimension. The only reason it loses a couple of points is due to the outdated meta trader 4 graphical interface.

Tickmill Review

Furthermore, investors with contributions of up to £ 50,000 are provided by the FSCS. Tickmill is a multiply regulated broker is different jurisdictions, hence considers a secure broker to deal with. Tickmill as a Securities Dealer is the trading name of Tickmill UK Ltd and Tickmill Ltd Seychelles. Bonds – Invest on German government bonds featuring zero commission and competitive spreads. The MT4 platform owes its popularity to its support for MQL, a programming language that enables traders to program Expert Advisors and indicators. Tickmill gives traders the options of trading on their desktop browser or on the move with their tablets or smartphones. Investor Compensation Fund – Its aim is to compensate the clients of trading services that are no longer able to function.

tickmill broker review

In the end, you can try out the demo account first for free, before you make a commitment. The minimum deposit for most Tickmill accounts is just $100. This is the case for all except the VIP account, which requires the account owner to maintain a minimum balance of $50,000 in the account. If you’re a beginner trader, you will seriously benefit from forex analytics choosing a broker with a helpful and up to date educational section, among other things. When searching for the best broker for you, look specifically for the forex brokers that focus on beginners. There is no option to set alerts and notifications on the web trading platform. Last but not least, Tickmill offers clear fee and portfolio reports.


Similarly to deposit, Tickmill charges no fee for withdrawal.You can use the same options for withdrawal as for deposit. Tickmill has low non-trading fees.There is no fee for deposit, withdrawal, or inactivity.