Tickmill withdrawal time

We process all withdrawal requests within one working day. The time necessary for the funds to reach your bank account depends on your bank’s policy.

New forex bonuses

Tickmill withdrawal time, tickmill withdrawal time.

Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account. Log in to your client area and fill in the respective withdrawal form. There are no fees on withdrawals.

Tickmill withdrawal time

We do not support broker to broker transfer, we only offer our standard payment methods.

How do I deposit funds to my account?

You can make a deposit inside your client area using a funding option that suits you best. There are no fees on deposits.

What is the minimum deposit?

The minimum deposit for all account types is $100. However, to get a VIP account, you have to reach a balance of minimum $50,000.

How do I withdraw funds from my account?

Do you have any charges on deposits and withdrawals?

Tickmill has a zero fees policy on deposits and withdrawals.

How fast do you process my withdrawals?

We process all withdrawal requests within one working day.

How long does it take for funds to reach my bank account?

We process all withdrawal requests within one working day. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.

Can I withdraw via a different payment method from the one I used to deposit?

Tickmill’s policy is to process withdrawals via the same method that you used to deposit. For example, if you deposited using a credit card, the card will be credited with the amount equal to the deposit amount. Upon request, we can send any profits via other payment methods under your name.

Can I withdraw my money if I have an open position(s)?

Yes, you can. However, at the moment of withdrawal processing, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position).

If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Tickmill.Com is owned and operated within the tickmill group of companies. Tickmill group consists of tickmill UK ltd, regulated by the financial conduct authority (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill europe ltd, regulated by the cyprus securities and exchange commission (registered office: kedron 9, mesa geitonia, 4004 limassol, cyprus), tickmill south africa (pty) ltd, FSP 49464, regulated by the financial sector conduct authority (FSCA) (registered office: the colosseum, 1st floor, century way, office 10, century city, 7441, cape town), tickmill ltd, regulated by the financial services authority of seychelles and its 100% owned subsidiary procard global ltd, UK registration number 09369927 (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill asia ltd - regulated by the financial services authority of labuan malaysia (license number: MB/18/0028 and registered office: unit B, lot 49, 1st floor, block F, lazenda warehouse 3, jalan ranca-ranca, 87000 F.T. Labuan, malaysia).

Clients must be at least 18 years old to use the services of tickmill.

High 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.

The site contains links to websites controlled or offered by third parties. Tickmill has not reviewed and hereby disclaims responsibility for any information or materials posted at any of the sites linked to this site. By creating a link to a third party website, tickmill does not endorse or recommend any products or services offered on that website. The information contained on this site is intended for information purposes only. Therefore, it should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as recommendation to buy, sell or otherwise deal with any particular currency or precious metal trade. If you are not sure about your local currency and spot metals trading regulations, then you should leave this site immediately.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of tickmill or any of its affiliates, directors, officers or employees.

The services of tickmill and the information on this site are not directed at citizens/residents of the united states, and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Tickmill review 2021

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Summary

Recommended for forex traders looking for low fees and prefer metatrader 4 platform

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier financial conduct authority (FCA) in the united kingdom.

Tickmill is considered safe because it is regulated by the top-tier FCA.

Disclaimer: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Tickmill pros and cons

Tickmill has low forex and non-trading fees. The account opening is fast, easy, and fully digital. You can use a lot of options for deposit or withdrawal, and they're free of charge.

On the negative side, tickmill has a limited product portfolio as it offers only forex and cfds. Popular asset classes, such as stocks and etfs are missing. Trading platforms are provided by metatrader, and they have outdated designs. Finally, the news feed is basic and not structured.

Pros	cons
• low forex fees	• only forex and cfds
• fast and easy account opening	• trading platforms with outdated design
• free deposit and withdrawal	• basic news feeds

tickmill main features and highlights

��️ country of regulation	UK, cyprus, seychelles, south africa, malaysia
�� trading fees class	low
�� inactivity fee charged	no
�� withdrawal fee amount	$0
�� minimum deposit	$100
�� time to open an account	1 day
�� deposit with bank card	available
�� depositing with electronic wallet	available
�� number of base currencies supported	4
�� demo account provided	yes
��️ products offered	forex, CFD

Author of this review

Ádám nasli

Everything you find on brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Tickmill review
fees

Tickmill has low forex, but average CFD fees. There is no fee for deposit, withdrawal, or inactivity.

Pros	cons
• low forex fees	• average CFD fees
• no withdrawal fee
• no inactivity fee

tickmill fees snapshot

assets	fee level	fee terms
EURUSD	low	pro account pricing: €2 commission per trade per lot plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD	low	pro account pricing: £2 commission per trade per lot plus spread cost. 0.3 pips is the average spread cost during peak trading hours.
S&P 500 CFD	average	the fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee	low	no inactivity fee

How we ranked fees

We ranked tickmill's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

Below you will find the most relevant fees of tickmill for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared tickmill's fees with those of two similar brokers we selected, axitrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of tickmill alternatives.

To have a clear overview of tickmill, let's start with the trading fees.

Tickmill trading fees

Tickmill's trading fees are low. There are different cost structures for different account types. We tested the pro account, which charges a commission but offers tight spreads.

We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments in each asset class usually provided by the forex brokers:

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

Stock index cfds: SPX and EUSTX50

A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:

30:1 for forex

20:1 for stock index cfds

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for tickmill fees.

Forex fees

Tickmill has low forex fees. The forex fees are one of the lowest among the brokers we have reviewed.

Tickmill forex benchmark fees of a $20,000 30:1 long position held for one week

tickmill	axitrader	FXCM
EURUSD benchmark fee	$6.8	$5.1	$12.5
GBPUSD benchmark fee	$5.0	$4.3	$5.6
AUDUSD benchmark fee	$5.0	$3.4	$8.8
EURCHF benchmark fee	$4.7	$2.9	$3.3
EURGBP benchmark fee	$7.8	$5.2	$16.4

The low forex fees are mainly due to the low commission tickmill charges. The commission is 2 base currency units (first currency pair) per lot per trade. For example, it's €2 per lot per trade for EURUSD, while £2 per lot per trade for GBPUSD.

CFD fees

CFD fees are average.

Tickmill CFD fees for a $2,000 long position held for one week

tickmill	axitrader	FXCM
S&P 500 index CFD fee	$1.5	$1.3	$1.5
europe 50 index CFD fee	$1.2	$2.3	$1.6

Non-trading fees

Tickmill has low non-trading fees. There is no fee for deposit, withdrawal, or inactivity.

Tickmill non-trading fees

tickmill	axitrader	FXCM
account fee	no	no	no
inactivity fee	no	no	yes
deposit fee	$0	$0	$0
withdrawal fee	$0	$0	$0

Tickmill review
account opening

Tickmill has a fast and easy account opening process. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP accounts.

Can you open an account?

Visit broker
73% of retail CFD accounts lose money

Tickmill accepts clients from all over the world. There are only a few exceptions, e.G. Customers from the US or canada can't open an account.

What is the minimum deposit at tickmill?

The required minimum deposit at tickmill is $100 . For a VIP account, you need to maintain a minimum $50,000 balance.

Account types

Tickmill has several account types that differ in pricing, minimum deposit, and minimum account balance.

Tickmill account types

pro	classic	VIP
minimum deposit	$100	$100	-
minimum account balance	-	-	$50,000
pricing	tight spread plus commission	wide spread, but no commission	tight spread plus commission
commission per $100,000 trade	$2	no commission	$1

Retail clients of tickmill ltd can use leverage up to 1:500 while retail clients of tickmill UK ltd and tickmill europe ltd can use maximum leverage of 1:30. If you qualify for a professional trader, you can trade with higher leverage, up to 1:500 (tickmill UK ltd) or up to 1:300 (tickmill europe ltd).

The criteria for professional clients:

An average frequency of 10 trades per quarter in the previous four quarters

Size of your financial instrument portfolio exceeds €500k

You have at least one year experience in a relevant financial position

You can also open corporate and swap-free islamic accounts. The main difference between islamic aand other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights.

How to open your account

Account opening is fully digital, fast and straightforward. You can fill out the online application form in a matter of minutes. Our account was verified within one day.

To open an account at tickmill, you have to go through these steps:

'choose your regulator' will determine whether you sign up for the tickmill site regulated by the UK, cyprus or the seychelles authority. We recommend going for the UK one or the EU one (cyprus) if available in your country

Fill in your name, country of residence, email address and telephone number

Add your personal information, such as your date of birth and address

Select the base currency

Provide your financial information and answer questions about your financial knowledge

Select your account type: pro, classic or VIP

Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.

PRO ACCOUNT

Designed for experienced traders who expect advanced features and optimal conditions.

Why choose our PRO account?

PRO ACCOUNT

Take advantage of tight spreads and competitive commissions.

Minimum deposit	100
available base currencies	USD, EUR, GBP
spreads from	0.0 pips
max leverage	1:500
min lots	0.01
commissions	2 per side per 100,000 traded
all strategies allowed
swap-free islamic account option

Trade cfds on 62 currency pairs, major stock indices, oil, precious metals and bonds on your pro account, with fluctuating spreads starting from 0.0 pips.

You will pay commission of only 2 currency units per side per lot (0.0020% notional) on your pro account in the base currency of the trading instrument.Our standard commission is one of the lowest in the world.

Example: if you trade 1 lot of EURUSD, which has a contract size of 100,000 EUR, then your commission per side would be 2 EUR and 4 EUR round turn.

Though many brokers do not allow placing stop and limit orders close to market prices, we allow you to do just that. So stop and limit levels for pro account users are zero.

*no commission on cfds on stock indices, oil and bonds.

Benefit from EXCEPTIONAL trading conditions

available base currencies

execution model

execution type

average execution speed

margin call / stop-out

Access some of the most
POPULAR INSTRUMENTS
of the market

FOREX

STOCK INDICES & OIL

METALS

BONDS

START TRADING with tickmill

It's simple and fast to join!

REGISTER

Complete registration, log in to your client area and upload the required documents.

CREATE AN ACCOUNT

Once your documents are approved, create a live trading account.

MAKE A DEPOSIT

Select a payment method, fund your trading account and start trading.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Clients must be at least 18 years old to use the services of tickmill.

Welcome account

Experience one of the best trading environments in the industry risk-free with our $30 welcome account.

A special welcome to the world of trading
and our superior services

Jump-start an exciting trading journey with tickmill and explore our world-class services with the $30 welcome account.

New clients have the opportunity to trade with free trading funds, without having to make a deposit. The welcome account is very easy to open and the profit earned is yours to keep.

Enjoy a seamless trading experience with lightning-fast execution, while getting access to award-winning trading tools and resources.

Your perfect start
with tickmill

NO RISK

PROFITABLE

The “welcome account” campaign is held by tickmill ltd (FSA SC regulated).

The welcome account is for introductory purposes and only for new clients from non-restricted countries, who are interested in opening a live trading account with tickmill ltd (FSA SC regulated).

The welcome account is not available in algeria, armenia, australia, azerbaijan, belarus, bulgaria, columbia, georgia, hong kong, iceland, israel, kazakhstan, lebanon, liechtenstein, macau, moldova, morocco, norway, state of palestine, switzerland, taiwan, tunisia, yemen, north korea, iran, USA, indonesia, venezuela, vietnam, lesotho, pakistan, bangladesh, ghana, egypt, russia, san marino, south africa, ukraine, uzbekistan, kyrgyzstan, tajikistan, turkmenistan and kenya.

European union citizens cannot apply for a welcome account.

Expert advisors (eas) are not allowed on welcome accounts.

Existing clients cannot apply for a welcome account.

Each client can open only one welcome account.

The welcome account has identical trading conditions to the live pro account type.

The client has the option to either raise or lower the leverage on the welcome account.

The welcome account is available for trading for 60 days from the day of opening. Once 60 days have passed, trading will be disabled but the welcome account will still be accessible for an additional 14 days to claim the earned profit.

The welcome account is available in the USD currency.

The welcome account is created automatically after the client completes the registration form on the web page and the application has been approved. Login details will be sent automatically to the email address provided in the registration form. Please note that these credentials may only be used to create a welcome account, not to access the client area.

A 30 USD initial complimentary deposit is added automatically to the welcome account.

Tickmill reserves the right to reject a bonus request or block the welcome account, if there is a partial or complete match of IP address or other signs of welcome accounts belonging to the same person.

The initial deposit cannot be withdrawn or transferred from the welcome account.

A minimum of 30 USD and a maximum of 100 USD of profit can be transferred from the welcome account to a live MT4 trading account (classic, pro or VIP account type) with tickmill ltd (FSA SC regulated).

Each client can make only one request to transfer profit from the welcome account to a live MT4 trading account.

In order to make a transfer of profit from the welcome account to a live MT4 account, the client must:
- Register a client area account, using the same information provided during the welcome account registration (name, surname, email, date of birth, etc.);
- Provide the necessary identification documents required to validate the client area account;
- Open a live MT4 trading account inside the client area and deposit a minimum of $100 (or equivalent in other currencies);
- New live MT4 trading account should not be connected to any other promotions (e.G. Rebate campaign).

After a deposit is made to a live MT4 account, the client should send an email to funding@tickmill.Com and request a transfer of profit from the welcome account to the live MT4 account. Transfer of profits should be requested to the same trading account where an initial deposit was made.
- If initial deposit was made to rebate promotion trading account, transfer of profit should be requested to another live account which is not designated for the rebate promotion.

It is not allowed to make third party deposits and tickmill reserves the right to cancel bonus at any time upon detecting third party payment.

Once the profit transfer is completed, the welcome account will be disabled and no further trading will be possible.

The profit of the welcome account will be added to the balance of the live trading account with tickmill ltd (FSA SC regulated) and can be withdrawn immediately by using any of the available withdrawal options available in the client area.

All profits earned and transferred from the welcome account campaign are deemed to be null and void, if the welcome account or live MT4 tickmill ltd account holder (FSA SC regulated) has provided incorrect, false or misleading information during the registration process.

No deposits can be made to the welcome account.

Tickmill reserves the right to disqualify any user, if there is a suspicion of misuse or abuse of fair rules.

Hedging trading positions internally (using other trading accounts held with tickmill) or externally (using other trading accounts held with other brokers) and thus avoiding market risk, is considered to be an abuse.

Using the failures in the quote flow for getting guaranteed profit or any other form of fraudulent activities are considered to be an abuse.

Tickmill reserves the right to change the terms of the campaign or cancel it at any time.

Any disputes or likely misunderstandings that may occur as a result of the campaign terms will be resolved by the tickmill management in a way that presents the fairest solution to all parties involved. Once such a decision has been made, it shall be regarded as final and/or binding for all parties.

Clients agree that information provided during the registration process may be used by the company both within the context of the welcome account campaign and for any other marketing purposes.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Clients must be at least 18 years old to use the services of tickmill.

Tickmill withdrawal proof & tutorial

Many traders are worried about withdrawals with forex brokers because on the internet you will find a lot of claims about bad brokers. But with tickmill you will trade with a serious and trusted forex broker. How to do a withdrawal with tickmill? – on this page, we will show you an exact tutorial on how to do it and our personal withdrawal proof with tickmill. Inform you about the methods and processes.

Tickmill withdrawal proof with neteller

As you see in the picture above the withdrawal with tickmill is done in less than 3 days (1 day on our example). The following steps will show you exactly how to do a withdrawal and in the next section, we will go in detail.

How to do the withdrawal:

Be sure your trading account is fully verified

Select your trading account

Select the payment method

Choose the amount and submit the withdrawal

You will get an email when the withdrawal is processed

There are no withdrawal fees

(note: get 5% commission rebate with the codes: IBU13836682 (EU) & IB60353132 (international))

Step 1: an verified trading account is important

Tickmill is a regulated forex broker who is acting under strict laws and rules. The company has to verify your identity and trading account in order to confirm your payments. Also, trading with real money is not possible with a non verified account under the FCA or cysec regulation. The broker will always ask you for the real documents.

The documents will be verified in a few hours. Just upload a picture or scan of the required identity check. After you did it you can use all the functions of the tickmill trading account and very fast withdrawal.

Step 2: select your tickmill trading account

To do the withdrawal you have to select your trading account. You directly see your account balance that you can withdrawal.

Select your tickmill trading account for the withdrawal

Step 3: select the payment method

Tickmill offers more than 10 different payment methods for money transactions. You can use the method which you want in order to do the withdrawal or deposit. Electronic methods like neteller are very fast (in our withdrawal test only 1 day duration). Generally, tickmill confirm your payment within 1 working day.

The payment methods are depending on your country of residence and the regulation.

Select your payment method

Payment methods:

Bank transfer

Credit cards

Skrill

Neteller

Sticpay

Fasapay

Unionpay

Nganluong.Vn

Qiwi

Webmoney

Step 4: choose the withdrawal amount

Now you have to insert your payment details (see the picture below) and the withdrawal amount. Then you can submit the payment. Make sure that the data is correct. If the data is not correct the broker will inform you.

Insert your tickmill withdrawal methods

Step 5: wait till the withdrawal is processed

As mentioned before tickmill will inform you with an email when the withdrawal is processed. The normal withdrawal duration is 1 working day. The support team is working monday till friday. On the weekends the withdrawals are not processed.

Problems with the withdrawal

Sometimes there can be a problem with your withdrawal. That is why we repeat it: you should verify your account correctly in order to trade real money and do correct withdrawals. In addition, tickmill can require additional documents from you. It is very important to follow the advice.

Moreover, the withdrawal details should match exactly your personal data. You can not a withdrawal to a foreign bank account or credit card. Tickmill only processes withdrawals to payment accounts which are belonging to your identity. This is a very important safety feature. Even hackers can not steal your money.

To do a successfull withdrawal you should:

Verify your account

Insert the right personal data and payment details

Follow the brokers instructions

Conclusion: tickmill withdrawals are working without a problem

In conclusion, tickmill is a trusted forex broker who threats the funds of clients very well. As we showed in our screenshot the payments are processed within one day. There are many payment methods for everyone. And the biggest advantage is you do not pay any fees for withdrawals. All in all, we can recommend trading with tickmill. It is very easy to do the withdrawal of profits.

The advantages:

More than 10 different payment methods

Payments are processed within one working day

No fees for your payments.

Minimum withdrawal amount only $10

As we showed on this website the withdrawals with tickmill are working very fast and without any fees.

(5 / 5)

Tickmill review 2020

Tickmill is a NDD (no dealing desk) forex and CFD broker. They are regulated with top-tier regulators i.E. FCA (UK) & cysec. They offer demo account and live account with minimum deposit of $100. Read our tickmill review to find if they are good for south african traders.

Tickmill is a UK based forex & CFD broker established in 2014. Tickmill ltd. Is regulated with FSA in seychelles, as tckmill UK ltd. With FCA in UK, and with cysec in cyprus.

Tickmill is a no dealing desk (NDD) broker, which means that all orders will be passed to their third party liquidity providers. This means that tickmill have no conflict of interest with their traders.

They offer metatrader 4 as trading platform to their clients, but they don’t offer the latest MT5 platform. Moreover tickmill offers 24/5 support via email, chat, international phone support.

Read our indepth review on tickmill to know more about them before choosing them. We have compared their fees, support, platforms & more.

South african clients can open trading account with tickmill with minimum deposit of $100.

Tickmill is a NDD broker so there is no conflict of interest with their clients.

Competitive spread of 1.6 pips on average for EUR/USD with their classic account. The spread is even lower with their pro account (but includes commissions per lot).

No deposit and withdrawal charges.

Large trading instruments including currencies & cfds.

Tickmill is not regulated with FSCA. But they have applied with FSCA (FSP no. 49464) since 20/04/2018 & their application status is currently “processing”.

No local phone number for support.

Tickmill does not offer the latest metatrader5 version.

Tickmill – a quick look

broker name	tickmill ltd
year founded	2014
website	www.Tickmill.Com
registered address	3, F28-F29 eden plaza, eden island, mahe, seychelles
tickmill minimum deposit	$100
maximum leverage	1:500
major regulations	bafin, cysec, FCA.
Trading instruments	currencies, cfds on commodities, stock indices, bonds
trading platforms	MT4 (metatrader4), webtrader

Regulation and safety of funds

We consider tickmill to be a safe forex broker for south africans based on their regulation with tier 1 regulator FCA. But they are not yet regulated with local regulator FSCA.

Financial conduct authority (FCA):

Cyprus securities exchange (cysec): tickmill europe ltd is registered with cyprus securities exchange under licence number 278/15 since 2015.

Financial service provider/FSCA (pending): tickmill is not regulated with FSCA currently. But we have checked & they have an application under processing status. Tickmill south africa (PTY) LTD had applied for FSCA regulation on 20-april-2018 (FSP no. 49464).

The german federal financial supervisory authority(bafi): tickmill also registered with the german federal financial supervisory authority under registration number 146511.

Note: south african traders that sign up on tickmill are registered under FSA seychelles regulator.

Tickmill fees and spread

Tickmill’s fees depends on your account type with them. We have researched & following is a breakdown of their trading & non-trading fees with all their account types.

Average spread:

Commission with pro & VIP accounts: tickmill only charges commission on trade only with their pro & VIP accounts. But there is no commission on classic account. There is a commission of $2 per side of the trade (for open & close) i.E. $4 for a trade. The comission is lower with their VIP account ($50,000 deposit required) i.E. $1 commission per side per traded lot, which makes it $2 for a trade.

No inactivity fee: tickmill does not charge any inactivity from their clients. There are many brokers in south africa who charge inactivity from their clients for no trading activity after few months.

Rollover charges: this fees is charged or credited to your tickmill trading account when you have an open position overnight. Depending on the currency pair you are trading, rollover fees would be credited or debited from your account at the end of the forex day i.E. 5 PM. There is no rollover fees only for islamic accounts.

No withdrawal fees: tickmill does not charge any transfer fees on deposit or on withdrawals. But in case of wire transfers, the intermediary banks ma charge fees or ewallets (like skrill, neteller etc.) may also charge you fees, which is not covered by tickmill.

Tickmill account types

Tickmill demo account

Demo account is also provided by the tickmill to help beginner to practice and learn forex trading.

You can signup with them on their website and start testing your trading strategies using the demo account. Once experienced, you can swap anytime to live account.

In demo account MT4 trading platform is offered by them. You can download it on your PC and laptop and start your trading in just one click.

Tickmill live accounts

Market execution: tickmill is the NDD (no dealing desk) forex broker so they offer direct market execution. Tickmill claims that it doesn’t have any requotes.

Account base currency: tickmill does not offer ZAR accounts. But you can choose USD, EUR or GBP as your base currency.

Classic account: classic account start with minimum deposit of $100 and with the maximum leverage of 1:500. Spread start from 1.6 pips in this account. There is no commission in this account and swap-free islamic account option is also available.

Pro account: spread in pro account start from 0.0 pips. The base currency of this account can be select from USD, EUR, GBP, PLN. Market execution offered in this account and average execution speed is 0.15 seconds. This account is the most popular and recommended account types as per the broker.

VIP account: this VIP account start with minimum balance of 50,000 units of your selected account currency i.E. $50,000 if your account currency is USD. You can choose and select any of the base currency from USD, EUR, GBP, PLN in this account. You can trade 62 currency pairs, cfds on 15 stock indices, precious metals, bonds in vip account with spread of 0.0 pips.

How to open account with tickmill

Step 1) click on create account: open the home page of the tickmill and click on create account link at the top of the page.

Step 2) client area registration 1/2: now you will be redirected to page where you need to enter your personal details and choose your regulator as shown in the below screenshot.

Step 3) client area registration 2/2: after filling your personal details, you need to fill your financial details and set a password for your account with them.

Step 4) validate your e-mail address: now you need to verify your email by clicking on the link sent to them on your mentioned email.

Step 5) complete account verification: at last you need to verify your account by submitting your ID proofs. You can upload the scanned copy of your ID proof like passport, driving licence etc. And address proof like post paid phone bill, electricity bill etc.

That all! Your account has been created now. You can check your email to check all the details to start trading with them.

Tickmill trading platforms

Metatrader 4 (MT4): you can download the MT4 trading platform and install it on your PC, android and ios mobile. You can start using their demo account with MT4 trading platform. Traders can see charts with multiple time frame in there MT4. Moreover various indicators and can monitor various trading process is available in MT4.

Web trader: if you don’t want to download it in your device then you can access it online using the login details provided to you by them. This platform will give access you to do your task using a browser and just a internet connection.

Tickmill deposit & withdrawals methods

Tickmill offers various deposit & withdrawal methods. Let’s first look into their deposit methods.

Deposit methods

Credit/debit cards: you can use your debit and credit cards offered by VISA and master card. The payment will be processed within working day made using this method.

Bank transfer: traders can also add the funds using the transfer from their bank account to tickmill bank account. You can contact them and informed them after payment has been made.

E-wallets: you can also transfer the funds using the E-wallets like skrill, neteller, paysafecard, fasapay, china unionpay. The processing time is 1 working day.

Withdrawal methods

Credit/debit cards: you can send your card details while requesting for the withdrawal. And this can take 1 working day.

Bank transfer: traders can also send their bank account details to them by contacting them on chat, email, etc.

E-wallets: you can also send your E-wallets details like skrill, neteller, paysafecard, fasapay, china unionpay. The processing time is 1 working day.

Tickmill bonus

Tickmill has a no deposit bonus offer for new traders, and it is available in south africa as well.

$30 welcome account:

To avail this bonus, you just need to create an account with them, and submit your KYC documents for verification. The bonus amount will automatically credited to your account once your account has been verified.

You can use this welcome bonus for your trading. And the profit earned from trading using this deposit can be withdrawn.

Tickmill customer support

We found tickmill’s support to be lacking in some parts. We tested their chat support & email support. For both chat & email, we asked them basic questions, below is a review our overall experience with their support.

Slow chat support:

Email support: tickmill offers support via email as well. You can also send a mail to their support team at email [email protected] they normally reply within the same business day.

No local phone number: tickmill does not have a local phone number in south africa. So if you want to call them, you would need to call on their international phone number +852 5808 2921 & +65 3163 0958, available from monday to friday.

Tickmill is not a bad broker.

On the good side, they are a 100% NDD broker that is regulated with FCA. Their overall trading fees is competitive with some accounts. Also, they do not charge any deposit and withdraw fee, which is good.

But they don’t only offer MT4 platform for now. Also, their instruments other than forex are very limited. Their support also is not the best out there.

Overall, there are better forex brokers for south african traders to choose from.

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When does caffeine withdrawal stop?

The duration of caffeine withdrawalsymptoms vary from person to person, but caffeine withdrawal usually lasts at least two to nine days .

Someone who abruptly stops caffeine intake after regular use will usually feel withdrawal effects between 12 and 24 hours after stopping. The peak of withdrawal effects usually occurs between 24 and 51 hours in.

If you regularly consume caffeine, caffeine withdrawal will likely affect you at some point. The more caffeine you drink, generally the worse the withdrawal experience is.

Surprisingly, habitual consumption of even just one small cup of coffee per day can produce withdrawal symptoms.

Caffeine is a psychoactive stimulant that decreases drowsiness by blocking adenosine receptors. Adenosine is a neurotransmitter connected to the body’s sleep-wake processes. By blocking the receptors, caffeine can allow a person to experience a temporary, improved feeling of wakefulness.

Caffeine also boosts other hormones and neurotransmitters like adrenaline and dopamine, as well as constricts blood flow to the brain.

The withdrawal symptoms happen as the brain works to adjust to functioning without caffeine. Fortunately, caffeine withdrawal does not last very long and the symptoms are considered to be relatively mild.

One 2014 study identified genes that affect a person’s response to caffeine metabolism. Researchers can use these genetic markers to predict the likelihood that someone is a heavy coffee user. This suggests that your coffee cravings may just be genetic!

The more caffeine consumed daily, the more intense the withdrawal symptoms tend to be. Symptom duration varies but might end between two and nine days.

Common caffeine withdrawal symptoms can include:

Anxiety

Cognitive effects

Fatigue

Headaches

Mood changes

Headaches

Headaches are often associated with caffeine withdrawal. Headaches happen because caffeine constricts your brain’s blood vessels. This constriction slows cerebral blood flow. When you cease your caffeine consumption, the once constricted blood vessels expand.

After you stop using caffeine, blood flow to the brain increases. Headaches are from the brain adjusting to the increase in blood flow. Once the brain has adapted, the withdrawal headaches will stop. Duration and severity of the withdrawal headaches will vary.

Tiredness

Fatigue is another dreaded symptom of caffeine withdrawal. Caffeine improves energy and reduces drowsiness by blocking adenosine receptors. Adenosine is a neurotransmitter that can cause fatigue in some circumstances. Once caffeine is eliminated, many people feel tired and fatigued.

While fatigue can be frustrating, allowing your brain’s neurotransmitters to stabilize should lead to more sustainable energy. Caffeine is quickly absorbed into the bloodstream and excreted through urine. Tolerance increases with use. This can lead to frequent use and dependency, and therefore a worsening of withdrawal symptoms.

Mood changes

Negative cognitive and emotional effects can also be a consequence of caffeine withdrawal. Caffeine stimulates the release of hormones adrenaline, cortisol, and epinephrine. Caffeine also increases the levels of the neurotransmitters dopamine and norepinephrine.

If you have developed a mental and physiological dependence on caffeine, you can experience feelings of anxiety, difficulty concentrating, and a depressed mood. This should only occur while your body is adjusting to the lack of its usual source of stimuli.

If you decide you want to decrease or quit caffeine, try these things to work through your withdrawal symptoms:

Taper consumptioninstead of going cold turkey. If you are used to drinking coffee, try half-decaf half-regular and gradually wean yourself off.

Avoid sources of caffeine.Make sure you are not accidentally reintroducing caffeine. Check labels on packaged sodas, tonics, and teas, even packaged food.

Hydrate.Dehydration can make withdrawal symptoms worse.

Take a pain reliever.Take an over-the-counter pain reliever like ibuprofen, acetaminophen, or aspirin to help with any withdrawal headaches.

Get plenty of sleep.You will probably feel tired when you stop consuming caffeine, so help combat this by getting at least seven to nine hours a night.

Boost energy in other ways.Try these tips to boost energy naturally.

The bad

Those who over-consume caffeine at toxic levels can display features of caffeine intoxication (also referred to “caffeinism”). Symptoms of this form of intoxication can include:

Anxiety

Agitation

Restlessness

Insomnia

Gastrointestinal disturbances

Tremors

Tachycardia

Psychomotor agitation

The good

Benefits of caffeine may include:

Increased metabolism

Lowered risk of neurodegenerative diseases

Protection against heart disease

Liver protection

Reduced risk of hypertension

Improved asthma control

Much of the data collected on caffeine is observational in nature. There have been few randomized, controlled studies.

In 2013, the U.S. Food and drug administration (FDA) acknowledged that for healthy adults, up to 400 milligrams of caffeine in a day , or up to about four cups of coffee, was not associated with dangerous effects.

A 2017 review of studies reported that up to 300 milligrams of caffeine (about three cups) per day is safe for pregnant women.

Remember, even one cup of coffee daily can cause withdrawal symptoms. It’s also important to note that a cup is 8 ounces, and many mugs and to-go cups hold up to 16 ounces or more.

Also, keep in mind caffeine tolerance and the body’s response is slightly different for each person. It’s never a bad idea to discuss caffeine consumption with your doctor.

Check out our chart about the effects of caffeine to learn even more about caffeine and how it affects the body.

Caffeine is thought to be the most frequently used psychoactive substance in the world. In the united states, it’s the second most consumed beverage after water.

Caffeine functions as a central nervous system stimulant and even a small amount used daily can cause withdrawal symptoms. These symptoms can result in caffeine dependency.

The severity and duration of caffeine withdrawal symptoms vary from person to person, and your genetic makeup can play a part in how much coffee you consume.

Tickmill review 2020

Review contents:

General information – introduction to tickmill review;

Funds trading and security;

Trading accounts at tickmill;

The tickmill conditions;

Trading platform;

Tickmillstrading products;

Customer service;

Tickmill review conclusion;

General information – introduction

Tickmill is a relatively new broker, established in 2015. It has been providing quality brokerage services ever since.

The broker is based in seychelles. The firm’s address is 3, F28-F29 eden plaza, eden island, mahe.

When changing brokers, experienced traders have become quite cautious. Why wouldn’t they, after all, when it seems like every other company is a scam these days. The good news, however, is that tickmill doesn’t belong in the same basket as those shady brokers. The way they do business is straight-forward and transparent, so there aren’t any tricks to worry about.

Us saying “don’t worry,” however, isn’t proof enough for most people to flock onto tickmill. Rightfully, they want to find out about further details, which we are happy to provide:

AN EXCELLENT KNOWLEDGE DATABASE AT tickmill

Tickmill aids newer users with a series of webinars, seminars, videos, and other learning resources. The information on the website goes quite deep, and even experienced traders could certainly learn something if they went through it all.

TIGHT SPREADS

With spreads as low as 0 on some of their account types, they provide the best possible offer to their customers.

500:1 LEVERAGE

The firm allows users to trade with a 500:1 leverage that makes it easier to turn a profit. Traders should grab any small advantage that they can, and this solid leverage allows exactly that.

RIGOROUS REGULATION

Many modern brokers circumvent the complicated process of getting licensed by a strict regulator. They usually take the easy route of offshore regulation, which, in actuality, doesn’t mean anything. That makes it even more impressive that tickmill secured not one but three licenses, which is a tough standard to achieve.

Deposit and withdrawal

Tickmill offers 3 diverse depositing and withdrawing methods. They are: bank transfer, visa / mastercard and skrill.

Transfers can be done in the following currencies: USD, EUR, GBP. Minimum deposit size is 100 units for all options. And withdrawal is only 25 unitits. Processing is done within one working day and no commissions are applied.

In this tickmill review, we will closelly analyse tickmill offers and conditions.

Funds trading and security

As we’ve already mentioned, we think quite highly of the security that tickmill provides, and it’s time to elaborate on why. First of all, they’ve been triple-regulated by cysec, FSA SC, and FCA UK. All of these licensers are respected institutions, and even if the firm were regulated by only one of them, they’d be in good hands.

However, since they are covered by all three of these regulatory bodies, there’s nearly no chance of them tricking their customers, even if they wished to do so. Additionally, they’ve been quite diligent in resolving any issues that customers might have. You can see them responding to both positive and negative reviews online, showing that they genuinely care about user experience.

To add to all of that, they haven’t had any part in any scandals. They also enjoy a positive reputation around the internet, with most of the few complaints expressing them not liking the experience, and not about any malicious behavior.

Overall, the reputation score is as good as it can get for an online broker. The way they operate seems spotless, and your funds are certainly safe with tickmill.

Trading accounts at tickmill

Tickmill offers three different live account options to their customers. There’s the classic account, pro account, and VIP account, with the last one catering to those willing to invest some serious funds. Each of the accounts, however, have great advantages when compared to the investment, so you can’t really go wrong with any of them. There are also swap-free islamic accounts, which is a nice inclusion which lets even more traders enjoy their services.

Lastly, there’s a demo account option for the users that want to test out the service before actually investing money. Demo accounts allow for a meaningful advantage since they can help you see how everything you read about a broker works in practice.

However, since there’s not much else to be said about the different types of accounts, here are some of their specifications:

CLASSIC

Commissions: zero commissions

Commissions: 2 per side per 100,000 traded

Commissions: 1 per side per 100,000 traded

As you can tell, not much changes when you switch accounts, which means users don’t need to feel bad about not investing a ton of money. At the same time, however, loyalty does yield some nice rewards, so the accounts strike an excellent balance between being accommodating to budget users and high spenders.

The tickmill conditions

The trading conditions at tickmill are nothing short of excellent, as they hit all the targets that make it easier for their users to turn a profit. To start off with, the leverage is at 1:500, which is, as far as many are concerned, the sweet spot, as it’s just high enough to help but not high enough for users to get ahead of themselves.

The spread is also great for users, as two of their three account types have none at all. That’s a feature you’ll rarely see an honest broker provide, and it makes earning money significantly easier. The accounts also aren’t too expensive, meaning the barrier to entry isn’t high.

Lastly, we can’t speak about trading conditions without circling back to the excellent security. Unfortunately, we live in a world where a lot of brokerage companies aim to lure users into a false sense of security and steal their money via malicious tactics, like refusing withdrawals, or straight-up draining their accounts. As such, the certainty that you won’t get scammed out of your money is viewed as a significant feature. At tickmill, you have that security, which is in no way a small deal.

Tickmill provides near-perfect trading conditions, and we’re certain that both veterans and newer traders will enjoy the experience.

Trading platform

Tickmill, provides only one trading platform to its users, but one, in this case, is more than enough. Namely, they went with metatrader4, by far the most popular and widely-used platform in the brokerage world. MT4 earned that spot for a reason, with its easy to navigate interface allowing novices to jump in and start trading at the blink of an eye. Experts aren’t left out either, however, as the analytical tools MT4 provides can help you no matter what your skill level is.

To add to that, there’s a web app you can use if you’re unable to download the actual client. It loses very little in terms of functionality, and can provide a lot in the form of convenience, as you can just use any device and trade instantly.

Lastly, there’s also a mobile client that lets you trade on the go as long as you have mobile data and a stable connection. You can get it for free on the google play and apple app stores, and the great thing about it is that it’s synced with all your other instances of MT4.

Tickmills trading products

Tickmill provides excellent variety as far as trading assets are concerned, with only one possible missing feature. To be specific, there are no options to trade cryptocurrencies, which might deter some users. However, we don’t think the lack of digital currencies is enough of a reason to miss out on the rest of their excellent offer. Here’s a short list of what you can expect to see in the broker’s selection.

Over sixty currencies/pairs – currencies and their pairs are some of the most common assets to be traded. There’s quite a selection at tickmill, so it’s quite certain you’ll find what you’re looking for.

Spot energies – the broker also provides the most common energy trading option in oil, which many believe to be an excellent asset to trade on.

Spot metals – they also let you trade with precious metals, like gold, silver, and others. Metals are quite a stable market, and are perfect for traders that don’t want too much variety involved when they’re buying or selling.

Spot shares – there’s a variety of shares from many of the largest companies around the world to pick from at tickmill. However, there’s also a selection of smaller firms, for those that believe that that’s the better route to earning money.

Customer service

As per usual, there are three ways you can contact the tickmill customer support team. You’ll be able to use an email address, phone line, and lastly, a live chat option. They work 24/5, as is usual in the brokerage world, and respond to emails within a business day.

What we found impressive was that their support team was active even outside their own website. They are quick to respond on many different review websites and eager to help users with their issues.

Phone number: +852 5808 2921

Email: [email protected]

Tickmill review conclusion

The only clear flaw that can be pointed out with tickmill review is the fact that they have no crypto trading options. Even then, many wouldn’t consider that a mistake at all, as they consider that the digital currency market is so volatile that you can’t make accurate predictions out of it at all. Whether you consider it a flaw or not, however, doesn’t really even matter, as there’s a ton of positives that overshadow this small negative.

They use an excellent platform, MT4, which is familiar to many users and lets them start trading without delay. The buying and selling specifications, such as the spread and leverage, are equal or better to the industry standard, meaning you’ll have an easier time achieving financial success. The customer support is quick and attentive. Which means you won’t need to wait for extended periods before your issues get resolved or questions get answered.

To top it all off, they have no apparent trust issues and enjoy a great reputation, which is a primary concern with online brokers.

After all in this tickmill review we can conclude that it is a good broker. We certainly recommend trying out the service for yourself and expect that you won’t be disappointed.

Tickmill

Educational section is a little limited.

No cfds on individual stocks.

$50,000 deposit required to access really low commission.

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Tickmill is a relatively new broker which was founded in 2015. There are two entities with a UK company complying with new CFD and forex regulations and the seychelles registered company offering greater levels of leverage.

Tickmill is regulated by the FCA in the UK and the FSA in the seychelles. They are also authorised by cysec in cyprus.

Tickmill is managing to establish a name for themselves and were awarded the best forex execution broker at the UK forex awards in 2018.

The easy to navigate website is available in 15 languages.

Trading conditions

Tickmill charges floating spreads for all accounts, though the spreads for pro and VIP are zero on some instruments. Stop loss and take profit orders can be entered with no limitations. Trailing stops are only active while MT4 is open.

Leverage for accounts held with tickmill UK complies with ESMA regulations. Maximum leverage for major FX pairs is 1:30, for other currencies, major indices and gold it is 1:20, for silver, oil and other indices 1:10 and for bonds it is 1:5. UK accounts are stopped out at 50% of margin.

Accounts held in the seychelles can increase their leverage to 1:500 and the stop out level falls to 30%.

A new client bonus of $30 is currently offered.

Tickmill offers 4 different types of accounts, including demo accounts.

Classic accounts require a minimum deposit of $100 and offer spreads starting at 1.6 pips with no commission.

Pro accounts require a minimum deposit of $100 and spreads starting at 0, but charge commission.

VIP accounts require a minimum deposit of $50,000 and spreads starting at 0 and charge lower commissions.

All of these accounts can be converted to islamic swap free accounts. They can also all be funded in USD, EUR, GBP and PLN.

Demo accounts allow newbie clients to practice their trading with all the available platforms, instruments and with real time pricing.

Tickmill also offers bespoke solutions for money managers and institutions.

Newbie traders should start with the classic account in the UK which offers competitive spreads, a relatively low deposit requirement and modest leverage.

Products

Tickmill offers more than 60 currency pairs and cfds on 14 stock indexes, oil, precious metals, bonds and cryptocurrencies.

The currency pairs include all major pairs and all the minor and exotic pairs that are favoured by forex traders. Indices include the dow 30, S&P500, FTSE 100 and most other major global indices. These cfds are based on the index futures contracts.

Clients can also trade west texas oil, gold, silver, german government bonds and cfds on bitcoin.

Cfds on individual stocks are not available from this broker.

Regulation

Tickmill UK is based at 1 fore street, london, EC2Y 9DT. This entity is regulated by the financial conduct authority (register number: 717270). UK accounts also benefit from deposit protection.

Tickmill seychelles is based at 3, F28-F29 eden plaza, eden island, mahe, seychelles and regulated by the financial services authority (with licence no. SD 008).

Platforms

Tickmill offers clients a choice of two platforms, metatrader 4 and web trader, which is a browser-based version of the same platform. Tickmill doesn’t seem to have any proprietary platforms on offer.

Metatrader 4 is an award-winning trading platform widely recognised as the gold standard for forex trading. It offers 9 time frames and more than 85 indicators. Users can access and share eas (expert advisors) and automated trading systems, and back test their own trading strategies.

MT4 can be installed on windows and OS X pcs, as well as mobile devices.

Mobile trading

As far as mobile accessibility goes, tickmill’s offering is fairly standard.

The website is reasonably easy to access and navigate using mobile devices. MT4 can be installed as an app on ios and android devices. This allows traders to access their accounts while on the go, with nearly all the functionality of the desktop platforms.

The browser-based version of MT4 is also mobile friendly.

Pricing

Tickmill’s pricing is competitive when compared to other brokers. The spreads charged on the classic accounts are higher, but about average for small accounts.

Both the pro and VIP accounts are ECN accounts and offer lower spreads but charge commission. The low commission on the VIP account is especially attractive, but a $50,000 deposit is required. The higher commission on the pro account is about average for similar accounts, though spreads can add an unknown factor.

The typical spreads for ECN accounts on the EUR/USD pairs seems to be 0.2 pips which is toward the lower end of the range when compared to other brokers.

We didn’t find complaints about the spreads, though some people commenting in online forums complained about slippage.

Deposits & withdrawals

Tickmill offers the usual range of deposit and withdrawal options, including credit and debit cards, wire transfers, neteller, skrill, and a few other ewallet solutions. Minimum deposits are generally $100, and minimum withdraws $10. No fees are charged for any deposits or withdrawals apart from wire deposits below $5,000.

The broker claims deposits are all processed instantly and withdrawals within 1 working day. We did find some complaints online about withdrawals taking longer which tickmill said was due to service providers.

Customer support

Customer support is available via email, phone, call back and live chat. The broker can also be reached on social media channels. Support is advertised as being available 24 hours a day on business days.

Support is available in english, indonesian, italian, chinese, russian, spanish, and polish.

We did find a few complaints regarding the level of professionalism and knowledge of the support staff.

Research & education

Tickmill’s education section consists of an extensive glossary, video tutorials and educational articles. For the most part these are fairly basic and cover the fundamentals clients will need to get started.

Regular webinars are also hosted to discuss the market, though these all appeared to be in portuguese and german when we checked.

The educational resources are sufficient for newbies to get started, but to become a competent trader more material will be needed. That’s not necessarily a problem as there are plenty of educational resources available around the web for free.

Noteworthy points

For the most part tickmill’s offering is very standard, but there are a few unique features. The broker runs a trader of the month competition with a prize of $1,000. The prize is based not only on profits but on risk management as well.

Another unique competition is the NFP machine competition in which clients predict the price of a specific instrument 30 minutes after US non-farm payrolls are released. The prize is $500 for an exact match or $200 for the closest guess.

In 2016 tickmill won the chinese forex expo awards for “the most trusted forex broker” and “the best ECN/STP broker.”

In 2017 they won the “most trusted broker 2017” award from the UK global brands magazine.

IN 2017 tickmill was awarded the ‘best forex trading conditions’ prize at the UK forex awards, and in 2018 they won “best forex execution broker” at the same event.

In general, the broker seems to have a good reputation and most complaints we found seemed to be relatively trivial. They don’t appear to be the subject of any major investigations or disputes

Conclusion

Tickmill is a very standard broker in many respects. For newbie traders the range of instruments is good, and the pricing is fair for small account sizes. The UK entity’s low leverage is ideal for those still learning the ropes. The educational resources are enough to get started. Another advantage for new traders is that the offering is simple without an endless range of platforms and instruments which can be confusing.

More advanced traders may also find the pro account feasible depending on the frequency of their trades. The spreads are very low and the commission reasonable.

Comparison

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Tickmill fees explained

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

Overview of tickmill fees and charges

It's safe to say that tickmill's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use tickmill even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of tickmill's fees

Tickmill fees snapshot

assets	fee level	fee terms
US stock fee	-	not available
EURUSD fee	low	pro account pricing: €2 commission per trade per lot plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
US tech fund fee	-	not available
inactivity fee	low	no inactivity fee

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Tickmill fees
tickmill fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: from a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

Trading fees - these are brokerage fees that you pay when you actually do a trade, i.E. Buying an apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
- A commission is either based on the traded volume or it is fixed.
- A spread is the difference between the buy price and the sell price
- Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.

Non-trading fees. These occur related to some operations you make in your account, i.E. Depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare tickmill fees with its closest competitors, axi and FXCM.

Tickmill fees
tickmill trading fees

Tickmill's trading fees are low which makes it suitable for you even if you trade often (i.E. Multiple times a week).

Let's break down the trading fees into the different asset classes available at tickmill.

Trading fees

Tickmill's trading fees are low.

It is super hard to compare trading fees for forex brokers. What we did at brokerchooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two currency pairs.

EURUSD, a popular currency pair

EURGBP, another popular currency pair

The typical trade means that you buy for $20,000 using 30:1 leverage, and sell it after a week.

This super catch-all benchmark includes spreads and financing costs for all brokers.

Tickmill forex trading fees

tickmill	axi	FXCM
EURUSD benchmark fee	$6.8	$5.1	$12.5
EURGBP benchmark fee	$7.8	$5.2	$16.4

Financing rates

Tickmill financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Tickmill yearly financing rates

tickmill	axi	FXCM
apple CFD financing rate	-	-	5.4%
vodafone CFD financing rate	-	-	-
EURUSD financing rate	1.5%	1.2%	2.6%
EURGBP financing rate	1.5%	1.2%	2.8%

Want to stay in the loop?

So, let's see, what we have: check out our faqs to find answers to popular questions regarding trading conditions, accounts, trading platforms, deposits and withdrawals and more. At tickmill withdrawal time