Tickmill is a multi-regulated online broker that offers 80+ trading instruments to corporate and business customers around the world. Flexible accounts offer competitive spreads and fees. Tickmill also has several trading sites and a large number of adequate trading instruments, but instructional content is possibly lacking in comparison to other online brokers. Our online broker analysis team has discussed some of the most critical things for you to remember when selecting the right broker for your online trading needs in this comprehensive Tickmill study.
TICKMILL – OVERVIEW:
Tickmill is a managed and award-winning digital broker that provides retail and institutional customers around the world with 80+ trading instruments in a variety of markets, comprising Forex, currencies, stocks, shares, indices, metals, energies, bonds, and CFDs. Tickmill was formed in 2015 by a group of seasoned international market traders who know what it takes for traders to achieve their full potential. The firm is dedicated to growing the business while keeping the customers’ best interests in mind.
Tickmill uses cutting-edge technologies to offer premium trading terms, including low spreads beginning at 0 pips, low fees, and an estimated processing time of 0.15 seconds. For complete clarity, there are no requotes and a completely automatic No Dealing Desk (NDD) implementation model. Tickmill’s liquidity comes from top-tier banks and hedge funds around the world. Orders are verified 100 per cent by their liquidity suppliers using quotations obtained directly from them. Hedging, scalping, and specialist advisors are all permitted trading techniques.
Top CFD Broker 2018 (FxDailyInfo.com Broker Awards), Most Trusted Broker in Europe 2017 (Global Brands Magazine), and Best Forex Market Conditions 2017 have all been given to Tickmill for their dealing facilities.
TICKMILL – COUNTRIES, COMPLIANCE AND REGULATIONS:
Tickmill is the trade name of three associated Tickmill group firms, all of which are governed. The Financial Conduct Authority (FCA) in the United Kingdom has approved and controlled Tickmill UK Ltd. The Financial Services and Markets Act of 2000 established the FCA as an autonomous public body with legal provisions. It governs all retail and wholesale financial services companies in the United Kingdom. The regulator must safeguard customers and ensure that financial markets work with high integrity and quality.
The Financial Services Compensation Scheme is a part of Tickmill UK Ltd. (FSCS). The Financial Services Compensation Scheme (FSCS) was established underneath the Financial Services and Markets Act 2000 as an autonomous insurance scheme of last recourse for clients of licenced UK financial services companies. The FSCS’s goal is to compensate firms who are unwilling or likely to be unable to settle lawsuits against them after they have ceased trading or declared themselves in bankruptcy. The Seychelles Financial Services Authority regulates Tickmill Ltd as a Securities Dealer (FSA). The Financial Services Authority Act of 2013 created the FSA. Licensing, oversight, and growth of non-bank financial services in Seychelles are among the regulator’s main obligations.
Tickmill Europe Ltd is a CIF limited partnership that is controlled by the Cyprus Securities and Exchange Commission (CySEC). The Securities and Exchange Commission (Organization and Obligations) Law of 2001 constituted CySEC as the financial regulator of the Republic of Cyprus. CySEC’s mission is to ensure investor security and promote the healthy growth of the stock industry through effective oversight.
Tickmill welcomes clients from all over the world, except for the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan, which are all subject to regulatory limits. Due to regulatory requirements, certain Tickmill broker features and products listed in this Tickmill analysis may not apply to traders from particular countries.
TICK MILL – TRADING PLATFORMS:
Tickmill provides Meta Trader 4, the most commonly used and powerful trading platform (MT4). On the desktop (Windows / Mac), the internet, and smartphone (iPhone / iPad / Android / Tablet), MT4 is available for download. The mobile app is good for those who choose to exchange on the move, while the web platform works with most browsers and does not require any applications to be installed.
1. META TRADER 4 (MT4):
The MT4 trading platform is highly customizable and intuitive to use. It is simple to use and has a low learning curve, making it ideal for new traders but also providing ample functionality for more experienced traders. It comes with built-in user manuals and is available in various languages.
Traders can monitor positions more effectively and reliably thanks to improved charting features and advanced order management techniques. 9 chart timeframes, technical metrics for chart analysis, drawing items, real-time quotations, various order categories, a financial calendar, trading strategy models, and a constructed Meta Editor for building custom metrics and automatic trading schemes in the MQL programming language are all included. The MQL web forum is a great place to find more MT4 add-ons and chat with other traders.
2. WEB TRADER:
The web trader is a web-based trading application that allows you to use MT4 quickly and easily without having to download, configure, or operate any additional programme. It has the same functionality as the MT4 framework, but it operates in your window. From everywhere throughout the planet with a network connection, you can access a new web browser and get the platform operating with just one touch. All data sent via the online portal is encrypted for protection.
3. MOBILE APP:
MT4 can be downloaded from the appropriate app stores for Android and iOS. It has all of the same functionality as the desktop version, with the added benefit of allowing you to exchange from the palm of your hand. You can analyse transactions and open, control, and close positions. You may also set up push alerts to notify you anytime a certain incident happens.
TICKMILL – TRADING TOOLS AND FACILITIES:
Tickmill offers several trading tools that can help you develop the trading climate and strategies. They are as follows:
- Auto chartist
- Technical chart patterns
- Fibonacci patterns
- Volatility analysis
- Key levels
- Market reports
- Performance statistics
- Economic calendar
- My fX book auto trade
- Trading calculators
- Tick mill VPS
- One-click trading
TICKMILL – CUSTOMER CARE SERVICE:
Customer service is available Monday through Friday throughout normal working hours via web chat, telephone, and email. English, Italian, Spanish, Russian, Chinese, Indonesian, Vietnamese, and Arabic are also available as support languages. Messages from the support staff are normally fast, reliable, and courteous.
TICK MILL – ACCOUNTS AND EXPENSES:
Tickmill offers three account types: Classic, Pro, and VIP. CFDs from over 60+ FX asset classes, 15 stock indexes, WTI, rare stones, and bonds are among the 84 financial instruments available to all portfolios. The spreads, commissions, and required deposit requirements are the key differences between the portfolios. For Muslim merchants who must adhere to Sharia law, all profiles are provided swap-free. Before starting a proper account, demo accounts are available to assess the various trading sites and conditions. Although demo trading conditions are largely the same as live trading conditions, there is no slippage on the demo mode.
1. CLASSIC ACCOUNT:
There are no fees on the classic portfolio, which has variable spreads beginning at 1.6 pips. The required deposit is $100, with a 0.01 lot size and maximum leverage of 1:500.
2. PRO ACCOUNT:
Variable spreads begin at 0 pips on the pro account, with a low $2 commission per regular lot per hand. The required deposit is $100, with a 0.01 lot size and maximum leverage of 1:500.
3. VIP ACCOUNT:
The VIP account offers flexible spreads beginning at 0 pips and much smaller commissions per regular lot per side at just $1. A required deposit of $50,000 is required, with a minimum lot size of 0.01 and maximum collateral of 1:500. For VIP account holders, the stop and cap thresholds are all 0.
TICKMILL – ACCOUNT OPENING:
To create a personal login system, fill out the online request form, which should take no more than 3 minutes to complete. You must check your email address and apply your Proof of Address (POA) and Proof of Identity (POI) documentation for KYC reasons after submitting your application. You will be able to finance your fund and begin trading after the accounting department has checked the records. You’ll need to include extra paperwork, such as an article of registration and memorandum of incorporation if you’re opening a business account. Should you require assistance during the account opening process, support is available.
Tickmill – Open Trading Account
CONCLUSION:
Tickmill is a complex and straightforward online broker with a concise offering that is ideal for investors at all skill levels. The spreads and commissions are very low, and the portfolios are versatile enough to meet the needs of various traders. They have multi-jurisdictional oversight and a friendly customer service squad. While advanced trading platforms and instruments are available, educational materials are severely lacking.
FREQUENTLY ASKED QUESTIONS:
1. WHAT IS THE MINIMUM DEPOSIT FOR TICKMILL?
The minimum deposit is $100 on all account forms. To qualify for a VIP account, you must have a credit amount of $50,000.
2. IS TICKMILL A GOOD AND LEGIT BROKER?
Tickmill was established in 2014 and is controlled in one tier-1 and two tier-2 territories, rendering it a secure broker.
3. HOW TO WITHDRAW TICKMILL BONUSES?
You will not be able to withdraw the 30 USD bonus, but you will be able to withdraw all money generated in the Bonus account. The Bonus account will be removed for investing after 90 days since the first day of account launch. The benefit will then be withdrawn from the Bonus account for another 30 days.*
