Summary: In this Tickmill broker review, we take a detailed look at Tickmill’s trading conditions, regulation, fees, and overall reliability to help traders decide whether Tickmill is safe and suitable for their trading style.
Tickmill broker made its debut in the trading world in 2014 and has since expanded its reach to clients worldwide, offering a user-friendly array of online trading services aimed at enhancing education and optimizing user experience. Know more about it in this Tickmill review.
Tickmill’s strong reputation is largely attributed to its exceptional trading conditions, which focus on rapid execution, competitive spreads starting at 0.0 pips, no-dealing desk execution, and the acceptance of diverse trading strategies without requotes.
As a result, investors have flocked to this service model, with over 130 million trades executed in 2018 alone across more than 200,000 registered accounts.
In addition to its trading conditions, Tickmill places a strong emphasis on education, providing a wealth of resources. With valuable technical and fundamental analysis, along with a variety of educational materials, clients are well-equipped to navigate the financial markets with the confidence and assurance necessary for success.
Who Should Use Tickmill? (Beginner, Scalper & Pro Traders)
Tickmill is an online trading platform built by seasoned pros, and it really shows in how well it caters to both newbies and seasoned investors.
For those just starting out, the platform is super accessible, offering low-cost trading options, user-friendly interfaces, and a ton of educational resources to help you grasp the basics.
Plus, with handy features like one-click trading, Autochartist, and both fundamental and technical analysis tools, beginners can boost their confidence and skills pretty quickly.
Experienced traders will love the freedom to use any trading strategy they want—whether it’s arbitrage, hedging, scalping, or algorithmic trading, everything is welcome here.
Thanks to fast execution, tight spreads, and a strict no-requotes policy, Tickmill is often mentioned among the best brokers for scalping, especially for traders using high-frequency or short-term strategies.
While some advanced traders might find MetaTrader 4 a bit limiting, the availability of the FIX API and a Prime brokerage model means that more sophisticated and institutional investors have solid options to explore.
With excellent execution, tight spreads for higher-tier accounts, and no requotes, Tickmill creates a vibrant trading environment that levels the playing field for all its clients.
Tickmill Pros and Cons
Below is a quick overview of Tickmill’s pros and cons based on trading costs, execution quality, regulation, and platform support.
Pros
- Spreads begin at just 0.0 pips.
- Trade execution without dealing desk and no requotes
- All trading strategies are accepted, including scalping and algorithms
- Wide range of educational resources and analysis available
- Customer support in multiple languages through phone, chat, email, and social media
Cons
- No Proprietary Trading Platform Offered
- Limited Number of Tradeable Assets
- US-Based Investors Are Not Permitted to Join
Tickmill’s Top Features
- Low-Cost Spreads from 0.0 Pips: Tickmill provides affordable and competitive trading options. For both Pro and VIP Accounts, the spreads for major foreign exchange pairs can begin at just 0.0 pips making it one of the low spread forex brokers.
- Zero Commission on Stock Indices, Oil, and Bonds: No matter which account type you choose, you won’t pay any commission when trading CFDs on major global stock indices, oil futures, and bonds. Even for Pro and VIP accounts, commissions are low because spreads can start at 0.0 pips.
- Rapid Trade Execution: Using Tickmill’s platform, your trades are typically executed swiftly, averaging around 0.15 seconds. The FIX API access ensures fast execution for those using automated trading strategies and expert advisors.
- No Requotes: During times of market volatility, such as news events or major market announcements, Tickmill clients do not encounter requotes when placing orders across the broker’s assets.
- All Trading Strategies Accepted: Tickmill platform welcomes all trading strategies, including hedging, scalping, arbitrage, algorithmic strategies, and expert advisors. This approach is designed to accommodate investors with various tactics and styles, providing a flexible and supportive trading environment.
Tickmill Regulation and Compliance
Tickmill is working to provide a very user-friendly online trading platform. To achieve this, they have secured licenses and regulations in three key regions to attract more investors. They are regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA).
In addition to these, Tickmill is registered with authorities in several European countries: BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. To maintain these licenses, Tickmill follows strict Know Your Client (KYC) and Anti-Money Laundering (AML) procedures.
Tickmill also ensures added protection for client funds by keeping them separate from the company’s operational accounts in high-quality banks. They have advanced security measures in place, like encryption and regular data backups, to safeguard client information.
For UK investors, there’s an insurance cover up to GBP 85,000 through the Financial Services Compensation Scheme. Meanwhile, European traders are protected by the Investor Compensation Fund, which covers up to EUR 20,000 per account.
Additionally, all Tickmill accounts feature negative balance protection. This means clients won’t be responsible for losses that exceed the money they have deposited in their trading accounts.
Tickmill Pricing and Fees
Tickmill’s fees and commissions are among the most competitive in the forex market, with spreads starting from 0.0 pips, low per-lot commissions, and a minimum deposit of $100.
Tickmill makes it super clear when it comes to depositing and withdrawing funds. If you meet the minimum amounts, you won’t face any fees for deposits or withdrawals using credit/debit cards or any electronic payment methods.
To get started, the minimum deposit is $100, and for withdrawals, it’s $25. If you’re using wire transfers and depositing less than $5000, there will be bank fees, but if you deposit over $5000, Tickmill covers those fees for you.
When it comes to trading, Tickmill is transparent about the minimum and typical spreads, as well as the swaps for both long and short positions. You can find all this info right on their website for each asset class.
For clients who prefer them, they also offer swap and rollover-free Islamic accounts upon request. Plus, you can easily check the margin and leverage rates on their site for full transparency regarding platform fees.
Lastly, if you’re trading with Pro and VIP Accounts, there are some commissions involved—$2 per side for Pro and $1 per side for VIP on each lot. However, stock indices, oil, and bonds don’t incur these trading commissions.
If you have a Classic Account, you won’t pay any commissions on trades, but the starting spreads are a bit higher compared to the Pro and VIP options.
Tickmill’s Reliability & Security
The Tickmill platform goes above and beyond to make sure traders have smooth access to global financial markets, focusing on a secure and dependable trading experience. They’ve got solid tech and cybersecurity measures to safeguard order flow, client info, and payment details.
Their trade execution model is all about maximizing value for investors, starting with a hybrid approach that combines market-making with straight-through processing. This non-dealing desk setup helps eliminate conflicts of interest, boosting client trust in Tickmill’s services.
But it doesn’t stop there; the execution quality is top-notch. Trades are typically executed in just 0.15 seconds without any requotes, allowing both newbies and seasoned traders to enjoy great conditions for market, limit, and stop orders.
For professionals and institutions, Tickmill offers FIX API access for enhanced connectivity, which is perfect for Expert Advisors and algorithmic trading. Institutions looking for the best conditions can also check out Tickmill’s prime brokerage options.
Plus, with negative balance protection in place, clients can rest easy knowing they won’t lose more than what they’ve deposited. All these efforts highlight Tickmill’s strong commitment to providing reliable and consistent access to financial markets for their clients.
User Experience with Tickmill Broker
Tickmill is great at making their platform easy to use while offering a lot of benefits for their clients. Signing up is simple; you fill out two quick forms and provide documents to prove your address and identity.
Once approved, you can access everything in the User Area. This includes Forex Tools, the AutoChartist Tool, and trading platforms. You can download MetaTrader 4 or use the Tickmill WebTrader directly in your browser.
For investing, Tickmill ensures fast and smooth trade execution with no issues. They use a non-dealing desk trade execution model. It also offers FIX API and VPS options for better connectivity, reliability, and fast processing. This is ideal for advanced trading strategies and Expert Advisors.
Tickmill’s focus on smooth trade execution makes it perfect for any trading strategy. Trading is done through Tickmill MetaTrader 4 on desktop, web, and mobile apps, with all the tools and features needed for both beginners and advanced traders.
Tickmill values education highly. They provide a wide range of learning materials on different topics, combined with daily Market Insights, webinars, seminars, video tutorials, and articles on technical and fundamental analysis.
Traders of all levels can learn valuable information to find opportunities and make money in global markets. If clients have problems or questions, Tickmill’s support team is ready to help by phone, email, and live chat from Monday to Friday, 7:00 AM to 8:00 PM GMT.
These representatives speak 14 languages to meet clients’ needs. If you prefer finding answers on your own, the FAQ section on the website offers plenty of useful information on common questions and important topics.
Conclusion
As a recognized leader in the online trading sector, Tickmill reinforces its esteemed reputation through a strategic combination of exceptional trading conditions, abundant resources and tools for investors, a competitive pricing structure, and, most importantly, a commitment to transparency.
According to the Tickmill review, it creates a welcoming trading environment that caters to both novice and seasoned investors, aiming to assist them in achieving their financial objectives.
This supportive atmosphere is enriched with valuable learning materials, up-to-date research and market insights, advanced analytical tools, and efficient trade execution. Additionally, the non-dealing desk order model guarantees no requotes and eliminates conflicts of interest, all while maintaining swift execution.
Coupled with responsive customer support, a diverse array of globally tradable assets, and both in-person and online educational resources such as seminars and webinars, Tickmill effectively showcases its commitment to prioritizing client interests.
With a regulatory-compliant framework, acceptance of various trading styles and strategies, and technological solutions tailored to meet the specific needs of institutional clients, Tickmill adeptly places client interests at the forefront.
Thus, investors in search of an award-winning trading experience that emphasizes their needs will find Tickmill’s online trading services to be both proficient and trustworthy.
Tickmill Review – Frequently Asked Questions (FAQs)
Q1. Is Tickmill safe for traders?
A. Yes, Tickmill is considered a safe broker due to its regulation by well-known authorities such as the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Client funds are kept in segregated accounts, negative balance protection is provided, and eligible clients are covered by investor compensation schemes, depending on jurisdiction.
Q2. What is the minimum deposit required to trade with Tickmill?
A. The minimum deposit at Tickmill is $100. This relatively low entry requirement makes the broker accessible for beginners while still offering professional-grade trading conditions for experienced traders.
Q3. Is Tickmill suitable for beginner traders?
A. Yes, Tickmill is suitable for beginners due to its user-friendly account setup, competitive pricing, and extensive educational resources. Traders can access webinars, tutorials, market analysis, and trading tools that help build foundational knowledge and confidence.
Q4. Are Islamic (swap-free) accounts available at Tickmill?
A. Yes, Tickmill offers Islamic swap-free accounts upon request. These accounts comply with Sharia principles and do not incur overnight swap or rollover fees.