Tickmill is a global online brokerage firm that provides trading services in various financial markets, including forex, commodities, indices, and bonds. Founded in 2014, the company has quickly gained popularity among traders due to its competitive pricing, advanced trading technology, and reliable customer support. In this review, we will explore the key features, pros, and cons of Tickmill to help you make an informed decision.

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Trading Platforms: Tickmill offers multiple trading platforms to cater to the diverse needs of traders. The most popular platform is MetaTrader 4 (MT4), known for its user-friendly interface, advanced charting tools, and automated trading capabilities. Additionally, Tickmill provides access to WebTrader, a web-based platform that allows traders to access their accounts and trade from any web browser without the need to download or install any software. Mobile trading is also available through the Tickmill app, which is compatible with iOS and Android devices.

Trading Instruments: One of the strengths of Tickmill is its wide range of tradable instruments. Traders have access to over 80 currency pairs, including majors, minors, and exotic pairs. Additionally, the platform offers trading in commodities like gold, silver, oil, and natural gas, as well as global stock indices and government bonds. This variety of instruments allows traders to diversify their portfolios and take advantage of different market opportunities.

Execution and Pricing: Tickmill is known for its fast and reliable trade execution. The company operates a no-dealing-desk (NDD) model, which means that trades are executed directly in the market without intervention. This ensures transparent pricing and eliminates potential conflicts of interest. Tickmill also provides competitive spreads, starting from as low as 0.0 pips, and charges low commissions on certain account types. Overall, traders can benefit from tight spreads and fair pricing, making it suitable for both scalpers and long-term traders.

Regulation and Security: Tickmill is a regulated broker, which enhances its credibility and ensures a certain level of client protection. The company operates under different entities, including Tickmill Ltd in Seychelles, Tickmill UK Ltd authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and Tickmill Europe Ltd regulated by the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies impose strict guidelines on brokers, including client fund segregation, regular audits, and financial reporting.

Customer Support: Tickmill provides reliable customer support to assist traders with their queries and concerns. The support team is available 24/5 and can be reached through various channels, including live chat, email, and phone. The website also features an extensive FAQ section and educational resources, including trading guides, video tutorials, and market analysis, to help traders enhance their knowledge and skills.

Pros:

  1. Competitive pricing and tight spreads.
  2. Wide range of tradable instruments.
  3. Fast and reliable trade execution.
  4. Regulated by reputable authorities.
  5. User-friendly trading platforms with advanced features.
  6. Multiple account types to suit different trading styles.
  7. Dedicated customer support and educational resources.

Cons:

  1. Limited availability of cryptocurrencies for trading.
  2. Some account types have higher minimum deposit requirements.

(FAQs) about Tickmill

Is Tickmill a regulated broker?

Yes, Tickmill is a regulated broker. It operates under different entities, including Tickmill Ltd in Seychelles, Tickmill UK Ltd authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and Tickmill Europe Ltd regulated by the Cyprus Securities and Exchange Commission (CySEC).

What trading platforms does Tickmill offer?

Tickmill offers multiple trading platforms, including MetaTrader 4 (MT4), which is a popular platform known for its advanced charting tools and automated trading capabilities. Additionally, Tickmill provides access to WebTrader, a web-based platform that can be accessed from any web browser, and mobile trading through the Tickmill app for iOS and Android devices.

What financial instruments can I trade on Tickmill?

Tickmill offers a wide range of tradable instruments. You can trade over 80 currency pairs, including major, minor, and exotic pairs. Additionally, the platform provides trading in commodities like gold, silver, oil, and natural gas, as well as global stock indices and government bonds.

What is the minimum deposit requirement to open an account with Tickmill?

The minimum deposit requirement varies depending on the type of account you choose. The Classic account requires a minimum deposit of $100, while the Pro account has a minimum deposit requirement of $2,500. Tickmill also offers an Islamic account with a minimum deposit of $100.

What are the available funding methods for Tickmill accounts?

Tickmill supports various funding methods, including bank wire transfer, credit/debit cards (Visa/Mastercard), and popular e-wallets such as Skrill, Neteller, and FasaPay. The availability of funding methods may vary depending on your location.

Does Tickmill charge commissions or fees?

Tickmill charges low commissions on certain account types, such as the Pro account, which offers lower spreads and a commission-based pricing structure. The Classic account, on the other hand, features higher spreads but no commissions. It’s important to review the account type and associated fees before opening an account.

What is Tickmill’s customer support like?

Tickmill provides reliable customer support. The support team is available 24/5 and can be reached through live chat, email, and phone. The website also offers an extensive FAQ section and educational resources, including trading guides, video tutorials, and market analysis.

Does Tickmill offer demo accounts?

Yes, Tickmill offers demo accounts that allow traders to practice their trading strategies and familiarize themselves with the platform. Demo accounts are free and come with virtual funds, providing a risk-free environment for learning.