Tickmill Forex Ratings at a Glance
Tickmill’s perfect rating is attributable to catering to the trading needs of retail and professional clients around the world, offering a safe trading environment, excellent trading conditions, multiple account types, outstanding customer support, access to in-depth analysis and a wide array of educational material.
Markets
Forex traders have access to more than 60 currency pairs consisting of majors, minors and exotics. A popular currency pair such as EUR/USD has a typical spread of 0.1 pips and an average execution time of 0.20 seconds. Find out more here.
Tickmill offers traders individual stocks and stock indices. The platform provides access to more than 14 indices, low spreads and leverage of up to 1:100 depending on the entity and client classification. Traders can see the trading hours and spreads of the various instruments on Tickmill’s website. Individual stock trading is also available on the MT5 platform. More than 100 stocks are available at $0 commission. Traders can short stocks at a leverage of 1:20 and receive dividend payments.
Precious metals are popular during economic hardships, so Tickmill enables traders to trade gold and silver even during inflationary periods and recessions. Traders can choose MT4 or MT5 for trading precious metals and with spreads from 0 pips. All the standard trading strategies on the platform are also available for precious metals with leverage of up to 1:500 depending on the entity and client classification. As with forex, traders can access gold and silver trading 24 hours a day, five days a week.
If you’re expecting a stock market crash but fear shorting stocks, the bond market is another option. Bonds usually rally when securities are in a bear market. Tickmill enables traders to speculate on the appreciation or depreciation of bonds during a particular period while enjoying spreads from 0 pips. The platform offers trading in seven bonds (German bonds included) with leverage up to 1:100 depending on the entity and client classification.
Cryptocurrencies are a fairly new asset class that can now be traded with a fraction of investment. Traders can choose from 9 cryptocurrencies including Bitcoin, Ethereum, Litecoin and more (not available in the UK). Trading is enabled 24/7 with leverage of up to 1:200 depending on the entity and client classification, 0 swaps and 0 commission fees. A key feature that makes crypto trading on Tickmill unique is that the platform provides news sentiments on each cryptocurrency, indicating whether the market is generally bullish or bearish.
Accounts and Platforms
Traders can choose the Classic or Raw account. The main differences between the accounts are the minimum deposits required and the spreads offered. The classic and pro account require a minimum deposit of $100, but the spreads for the Classic account start from 1.6 pips and charge zero commission. Certain currency pairs are offered at 0 pips spread on the Raw account, but commissions are charged $2 per side per 100,000 traded.
Beginner traders can test the platform via a demo account, and professionals can use advanced tools and indicators to improve their technical analysis. Traders can choose between MetaTrader 4, 5, WebTrader (directly available on your browser) and MetaTrader for Mac.
On-the-go traders can choose the mobile version by downloading the app from Google’s PlayStore or Apple’s App Store.
An Islamic account is available and provides access to all the features enjoyed with the Classic and Raw accounts. It differs by complying with Sharia law. This swap-free account bears no rollover or swap interest on overnight positions. But handling charges apply for having several instrument positions open overnight for more than three consecutive nights (including weekends). Base currencies available are USD, EUR and GBP. Margin call and stop out are 100% and 30% respectively for retail clients.
Deposits and Withdrawals
Tickmill does not apply fees on deposits and withdrawals to and from Tickmill Wallets.
Funding an account is available via several methods such as bank transfer, Neteller, Skrill, UnionPay, Przelewy, Sofort, Paypal, Rapid by Skirll, cards and STICPAY. Bank transfers above $5,000 are included in Tickmill’s zero-fee policy, which covers transaction fees of up to $100. The funds reflect instantly if done via credit cards and Skrill.
The minimum withdrawal amount is US $25. It will be in the base currency of your wallet, and the processing time is within one working day. Withdrawal fees are not applicable.
Education and Tools
Some beginners are intimidated by trading jargon and advanced technical indicators. Tickmill has reduced traders’ anxiety by providing free educational material. Traders can attend free webinars hosted weekly in various languages such as English, Spanish, Italian and German. Traders unable to attend can view the webinars on Tickmill’s YouTube channel.
The webinars provide insightful market analysis by professional traders and answer questions that traders have. If you’re curious about using advanced indicators such as Fibonacci or learning risk management, you can download free ebooks or watch videos from the website. Various topics are covered to help traders and those wanting to start their own brokerage.
The video tutorials provide information about the basics, trading psychology, strategies, indicators, the different platforms and crypto trading. Tickmill’s social trading strategies* are based on how to select the right signals group, which enables beginners to set entries, take-profits and stop-losses.
Other educational content includes articles about technical and fundamental analysis of particular assets.
Copy trading* is another feature that can assist beginners with setting up strategies or traders who lack the time and skills to analyze charts. With copy trading, you choose the trader whose trades you wish to copy and then benefit if the trade is profitable.
* Available to Clients of Tickmill Ltd.
Tickmill has ensured it provides the best support to traders when they need it. If the educational database and the FAQ section haven’t resolved your issue, you can get in touch with support via call, email and live chat.
Since Tickmill services traders around the world, it has catered to different time zones by providing 24/5 support in multiple languages. Call and live chat support are available during business hours from Monday to Friday 9 a.m. to 10 p.m. (GMT+3).
The only reason Tickmill doesn’t receive a perfect rating for customer service is that the live chat is unavailable on weekends. That would have been convenient for crypto traders who encounter issues outside of regular business hours.
If you want your issues resolved immediately, it’s best to call support or use the live chat service during the specified timeframe. Email support may need a few hours to reply during busy periods. Tickmill provides the latest updates via its social media pages on Facebook, Instagram and Twitter.
One of the reasons that Tickmill has received numerous awards is that it is very meticulous about providing the utmost secure trading environment to traders.
Clients have to fulfill the know-your-customer (KYC) requirements through the Client Area by providing some generalfinancial information and experience for verification purposes.
An appealing feature of this platform is the ability to choose the type of account you want. Each provides benefits, but they cater to various budgets.
Tickmill separates itself from its peers by not charging deposit and withdrawal fees.
Jittery traders can first try out the demo accounts. Then, onboarding depends on how soon a client meets all KYC requirements. Once a client provides all necessary information and documentation to open an account, onboarding is usually done within the same day.
Tickmill offers various promotions for traders. It’s one of the few brokers to offer a $30 bonus*, when you open an account.
Tickmill also rewards the top-performing trader every month by offering him/her a $1,000 prize*.
*Available to Clients of Tickmill Ltd.
Opening a Tickmill account and trading is simple because of the vast number of tutorials and prompt support. This platform is suitable for traders preferring numerous options in accounts, platforms, markets and assets.
Traders around the world can access this platform and enjoy all the benefits since it’s regulated in numerous countries and provides support around the clock in various languages.
Tickmill vs. Competitors
Tickmill stands besides big names such as IG, IC Markets and Pepperstone.
But Tickmill’s strength lies in offering traders extremely competitive trading conditions, the option to choose the type of account they wish to open and have free access to a broad range of educational content. Tickmill’s 24/5 support in various languages in more than 200 countries justifies the multiple awards won.
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Best For:
Low Deposit Requirement
securely through Tickmill Investing’s website
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Best For:
Fast Execution for U.S. Traders
securely through IG Markets’s website
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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Best For:
Scalpers and Trader Using Expert Advisors
securely through Pepperstone FX’s website
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Numerous options in platform and markets, outstanding support and a library of free trading content enable Tickmill to receive a near-perfect score. It barely falls short of a perfect rating because of the live chat unavailability on weekends — useful to beginners who don’t have time during the week to enquire and weekend crypto traders.
Tickmill Video Tutorial
Check out this Tickmill tutorial video.
Frequently Asked Questions
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Yes. Tickmill is a legit broker because it’s regulated by various authorities and has received awards from top institutions for its outstanding services.
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No, Tickmill is not regulated in the U.S. nor does it offer its services to US citizens. It is, however, regulated by the Seychelles Financial Services Authority, the Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Financial Services Authority of Labuan Malaysia and the Financial Sector Conduct Authority (FSCA). For more information, visit www.tickmill.group
For more information visit www.tickmill.group
Risk Warning: Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk.
