Tickmill, a licensed brokerage firm, is known as one of the market leaders and innovators in forex trading. Its services, capped by superior trading conditions and ultra-fast execution, include powerful trading platforms powered by innovative technology and advanced features.
Know more about Tickmill’s trading features and services by gleaning through this broker review.
Tickmill Background and Safety
Tickmill Ltd is a member of the Tickmill Group offering forex brokerage services online. Its founders are experienced traders who have successfully ventured the financial markets over the years. Other members of Tickmill Group include Tickmill UK Ltd, Tickmill Europe Ltd, and Procard Global Ltd.
Tickmill’s service is aimed at providing both retail and institutional traders an exceptional trading environment. As of date, Tickmill has 111,000 active traders with 263,000 registered trading accounts. Its education and research tools are a level higher than the standard features while its promotions for traders are also interesting to note.
When we searched for its regulatory background, Tickmill Group’s companies are regulated by respected financial jurisdictions worldwide. Tickmill Ltd is governed by Seychelles Financial Services Authority (FSA) and is registered as a Securities Dealer.
In other words, Tickmill is a legitimate broker and its operation is following international regulatory standards, thus, making it a safe broker.
Tickmill Features and Fees
Financial Instruments
Tickmill offers the following asset classes (and best conditions) for its traders:
- Forex (over 60 currency pairs, spreads from 0.0 pips, 0.15 seconds execution speed, all trading strategies enabled, up to 1:500 leverage);
- Stock Indices and Oil ( Spreads from 0.0 pips, at least 15 indices, 0.15 seconds execution speed, all trading strategies enabled, up to 1:100 leverage);
- Precious Metals (access to Gold and Silver crosses, spreads from 0.0 pips, 0.15 seconds execution speed, all trading strategies enabled, up to 1:500 leverage); and
- Bonds (access to German Bonds, Spreads from 0.0 pips, 0.15 seconds execution speed, all trading strategies enabled, up to 1:100 leverage
In total, Tickmill offers around 80 trading instruments along with superior trading conditions including spreads from 0.0 pips, multilingual client support, and client fund safety.
Account Types
Tickmill offers three basic trading account types namely Pro Account, Classic Account, and VIP Account. It also offers an Islamic account to cater to Muslim traders and a demo account for no-risk trading for beginners.
Here are the key features of each account type:
Pro Account – requires at least $100 as minimum deposit, spreads from 0.0 pips, maximum leverage is at 1:500, with 2 per side commissions per 100, 000 trade volume, convertible to a swap-free account, and supports all trading strategies.
Classic Account – is also set at $100 minimum deposit, with spreads starting from 1.6 pips, has up to 1:500 leverage, zero commissions, supports all trading strategies, and is also convertible to a swap-free account.
VIP Account – a minimum balance of $50, 000 is needed to open this account that has 0.0 pips, up to 1:500 leverage, 1 per side commission for 100, 000 traded lot, allows all trading strategies, and an option for a swap-free account.
Funding Methods
Tickmill offers an array of safe and fast deposit and withdrawal methods. It features a Zero Fees Policy for traders who will deposit a minimum of $5,000 via bank wire transfer.
However, a Maintenance Fee is charged to traders for inactivity. Deposit and withdrawal transactions can be made through bank transfer, Visa MasterCard (credit and debit), and Skrill.
Check on this table below for more details about Tickmill’s funding methods.
Tickmill Trading Platforms and Tools
Tickmill is a MetaTrader broker offering the globally popular MT4 along with its WebTrader version.
MT4/WebTrader
Key Features and Tools: Contracts For Difference on Forex, Indices, Commodities, and Bonds, no partial fills order execution, VPS Services, Advanced Technical Analysis, over 50 indicator tools, customizable charting, available in 39 languages, can be used on Windows, MacOS, Android, iOS, and WebTrader.
Mobile Trading: real-time quotes, complete set of trade orders, all types of trade execution, trading history, financial news, push notifications, real-time Forex charts, 30 indicators, 24 analytical orders, 9 timeframes, 3 chart types (bars, candlesticks, and broken lines).
Tickmill offers standard trading tools including Authochartist, Myfxbook Copy Trading, economic calendar, forex calculators, VPS, and one-click trading.
Bottom Line
Tickmill provides a good set of trading environment for its traders through the set of good trading conditions, secure client fund management, and rich education and research tools.
If there is one thing to desire for the broker, an addition to its platform offering will be a big boost for its campaign to attract more traders, especially those who are looking for other trading platforms besides the MetaTrader.