Table of Contents
About Tickmill
Tickmill is a trading name of Tickmill Ltd. Registered and Head Office: Trop-X Securities Exchange Building, 3 F28-F29 Eden Plaza, Eden Island, Mahe, Republic of Seychelles. Registered in the Republic of Seychelles, number: 8414279-1.
It was founded in 2014, Tickmill is regulated in two Tier-1 jurisdictions, one Tier-2 jurisdiction, and one Tier-4 jurisdiction. Authorized and Regulated by the Financial Services Authority. FSA License Number: SD008.
This broker is considered reliable and trusted with an overall Rating Score of 4 out of 5
✔️Overall Rating
4/5
💲Minimum Deposit
$0
💻Trading Platform
Metatrader 4
Metatrader 5
Webtrader
Metatrader for Mac
Tickmill Mobile App
🏟️Regulation
FCA- UK
FSA – Dubai
CSEC – Cyprus
FSCA – South Africa
FSAS – Seychelles
🤑Bonus for Deposit
$30 Welcome Bonus
Cash Rebates
Tickmill is competitive in its offering of market research and continues to improve in this category each year. It takes pride in providing one of the industry’s fastest execution times – 0.20s on average and no requotes. Client funds are also held in segregated accounts with top-tier banks while Negative Balance Protection is also provided.
TickMill has won several awards in 2023 including: Best Partner Program Africa Finance Magnates Africa Summit 2023, #1 Broker for Commissions and Fees ForexBrokers.com Annual Forex Broker Review, Best Forex Spreads MEA Ultimate Fintech Awards MEA 2023, Best Forex Broker QualeBroker Awards 2023
Tickmill Review
| Broker | Tickmill |
| Regulation | FCA- UK FSA – Dubai CSEC – Cyprus FSCA – South Africa FSAS – Seychelles |
| Restricted Countries | United States, Canada, Iran |
| Islamic Account | Yes |
| Demo Account | Yes |
| Joint Account | No |
| MAM and PAMM managed accounts | Yes |
| Account opening process | 1 Business Day |
| Max Leverage | Tickmill.EU/UK – to 1:30/1:300 Tickmill.com – to 1:500 |
| Account Opening Bonus | Yes |
| Spread | Pro Account – 0.0 pips Classic Account – 1.6 pips VIP Account 0.0 pips |
| Commission | Pro Account – 2$/lot Classic Account – 0 VIP Account $1/lot |
| Account Base Currencies | $ USD, £ GBP, € EUR, ZAR, zł PLN, CHF, $HKD, SGD, |
| Instruments | 140+ FX pairs, Metals, CFDs, Cryptos |
| Minimum Volume | 0.01 |
| Maximum Volume | – |
| Execution Type | Market |
| Margin Call/Stopped Out | 100% / 30% |
| Hedging/EA/Scalping | Yes |
| Social Trading | Yes |
| Swap Free | Yes |
| Free VPS | No, 20% discount on purchases |
| Trading Platform | Metatrader 4 Metatrader 4 Webtrader Metatrader for Mac Tickmill Mobile App |
| Deposit Methods | Bank Transfer, Crypto Payments, Visa, Mastercard, Skrill, Neteller |
| Withdrawal Methods | Local and International Transfers, Crypto Payments, Visa, Mastercard, Skrill, Neteller, Union Pay, StickPay |
| Withdrawal Execution | 1 working day |
| Customer Service | 24/5 |
Account Type (Others)
Account Type EU/UK
Pros & Cons
| 👍Pros | 👎Cons |
|---|---|
– Slow account opening process, 24 – 48 hours turnaround – Restrictions on Clients from the United States – No Free VPS – VIP Account requires a minimum of $50,000 (depending on base currency) – Multi-regulated broker – VIP & Pro accounts offer competitive pricing – Various educational resources & research tools for all levels of traders – Advanced trading tools & copy trading | – Slow account opening process, 24 – 48 hours turnaround – Restrictions on Clients from United States – No Free VPS – VIP Account requires a minimum of $50,000 (depending on base currency) |
Check out other broker’s reviews here ==>> Forex Brokers Review
Conclusion
Tickmill is a brokerage firm that caters to traders of all levels, from novice to experienced. Their platform is equipped with advanced technological features and tools that offer a seamless trading experience. With a trade execution speed of 0.2 seconds, traders can easily engage in scalping and algorithmic trading. Thanks to its client request distribution system, the broker guarantees no slippages in high-volatility scenarios by rapidly identifying free liquidity providers.
The broker confidently deploys cutting-edge AI-powered tools to meticulously analyze and present highly relevant data for various assets and time frames. The Signal Centre adeptly guides users in determining trade direction and effectively identifies crucial levels for pending orders.
Trading conditions cater mainly to professional traders, but the Classic account is also suitable for novice traders. Bonuses are only available through the group’s companies operating outside Europe. The company offers a transparent User Agreement and smooth profit withdrawals.
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