Tickmill review 2021

Tickmill offers 4 types of government bonds (also known as treasury cfds) which are agreements between borrowers and lenders that you can trade over the counter.

New forex bonuses

These bonds are futures (cash) contracts. Tickmill provides access to german bonds from 0.0 pips spread and no commissions. Tickmill can be a good option for beginners as they have a commission-free account (called the classic account), negative balance protection ensures you account balance never goes below zero, metatrader 4 trading platform and a demo account.

Tickmill review

Our tickmill review found this forex broker has a choice of 2 accounts and 1 forex trading platform with metatrader 4. While they have over 60 currency pairs, the range of markets is limited with 2 metals, 4 bonds, 14 indices but no crypto or shares

��️ regulation	UK, europe, south africa, malaysia
�� trading fees	low spreads
�� trading platforms	MT4
�� minimum deposit	$100
�� deposit/withdrawal fee	$0
��️ instruments offered	forex, cfds, bonds
�� credit card deposit	yes

Tickmill account types

Tickmill offers you the choice of three account types for trading forex and cfds using a no dealing desk model with ECN style pricing. These include the pro account, the classic account, and the VIP account. Each of these account types will suit a different level of trading experience.

When trading with tickmill, all accounts include the following features:

Minimum lot size of 0.01 (micro-lots)

Available base currencies: USD, EUR, GBP

Hedging, scalping, arbitrage, expert advisors permitted

Swap-free islamic account options

Pro account

You can get started with a pro account with a minimum deposit of $100. The pro account offers low spreads from 0.0 pips EURUSD and charges commission fees of $2.00 per side ($4 round-turn) per lot. This account offers the best pricing for retail traders, as it has ECN pricing.

This account is the most popular among traders because of the low commission rate and tight spreads.

Classic account

The classic account is the same as the standard account that many brokers offer. This means you will not pay commission fees. To open a classic account, you will require a minimum deposit of $100. Spreads start from 1.6 pips. The classic account is more suitable for beginner traders with little experience.

VIP account

There is no minimum deposit required for the VIP account, however, you will require a minimum account balance of $50,000 to trade. This makes this trading account more suitable for experienced traders. Spreads start from 0.0 pips, and the commission fees are only $1.00 per side.

Islamic account

Tickmill also offers islamic accounts for traders of the muslim faith. You can select from a pro account, classic account, or VIP account and convert it to an islamic account. Trading conditions remain the same as with the other trading accounts, along with compliance with the sharia law.

Our rating

The overall rating is based on review by our experts

Spreads

Tickmill offers competitive spreads across a range of 62 currency pairs, stock indices, oil, metals, and bonds. The classic account offers slightly higher average spreads on the range of currency pairs. Typical spread data from the pro account and VIP account shows an offering of 0.10 pips on the EUR/USD pair.

Commission spreads

The following table compares the average spreads across a range of commission-based account types, including the pro account and VIP account from tickmill.

Data taken from broker website. Accurate as at 05/01/2021

Non-commission spreads

The following table displays average spreads from non-commission accounts with the classic account from tickmill and others.

Leverage

What is leverage?

Price movements in the forex market can be small. Leverage is a tool that allows you to access borrowed equity to trade with higher without investing an exorbitant amount of using your own funds. For example, trading with 1:100 leverage will allow you to trade up to $100,000 with only $1,000 in your account. Remember that this invokes a high risk as price movements can turn unfavourably in certain trading environments.

What determines leverage?

The maximum leverage that a CFD broker can offer depends on what the regulator of the country you are trading from will permit. Tickmill uses the following regulators: FCA, cysec for clients in the UK and europe, FSCA for clients in south africa, LFSA for malaysia clients and FSA for clients in other regions.

Retail investor accounts (for clients in the UK and europe):

Up to 1:30 on forex in the UK and europe

Up to 1:20 on stocks indices and oil

Up to 1:20 on metals

Up to 1:5 on bonds

FCA and cysec regulations are tighter than most regulators in other countries require. However, if you are in the UK or europe, you may be eligible for a professional account which will allow you to access leverage in line with tickmill clients in other regions.

Professional investor accounts (UK and europe clients) and retail investors accounts (outside the UK and europe):

Up to 1:500 on forex

Up to 1:100 on stocks indices and oil

Up to 1:500 on metals

Up to 1:100 on bonds

Trading platforms

Tickmill only allows you to trade using the most popular trading platform: metatrader 4. Despite the minimal selection of trading platforms, metatrader 4 is the most commonly used system and provides a range of features to help you trade the financial markets.

Metatrader 4

Metatrader 4 is the first and most popular trading platform developed by metaquotes software. Metatrader 4 is user-friendly, customisable, and designed to let you trade with ease on desktop or mobile trading (including ios and android). This platform is the favourite among many forex traders around the world because of its sophisticated level of trading analysis tools, customisable interface, charting functionality, and access to expert advisors through the accompanied metatrader marketplace.

Along with the advanced trading conditions from tickmill, you can enjoy many features from using the metatrader 4 trading platform:

Fast order execution on a range of cfds including forex, stock indices, commodities, and bonds

Expert advisor trading facilities and advanced trading signals (run on tickmill VPS) suitable for scalping

Provision of fundamental and technical analysis tools including over 50 indicators and customisable charting

Metatrader 4 webtrader

The metatrader 4 webtrader platform allows you to access the markets online directly through your web browser. The webtrader trading platform through tickmill makes trading more accessible as the metatrader system is available directly in your browser. Equipped with all the same functions as the original, the webtrader version has enhanced security with data encryption. However, the trade execution time is a little more lagged.

The metatrader 4 webtrader trading platform offers:

Access to one-click trading through all modern browsers

Real-time quotes on customisable price charts

Over 30 indicators to use across 9 different time frames

Trading history and encrypted data transmission

Other platform

Myfxbook copy trading

If you prefer to copy the trades of other successful traders, then myfxbook is available within your metatrader 4 trading account.

Myfxbook works by providing you with tools to find and follow other traders in their social network. You can then use filters which will allow you to replicate their trades within the conditions you set. Social trading is popular for those that don’t have the experience or time to invest in trading themselves, instead, you can leave the work to other traders.

Third-party tools

Tickmill clients can access third-party technical analysis tool autochartist. This is one of the most comprehensive forex trading tools that can add some value to your trading. Authochartist uses advanced technology to analyze past market trends and identify real-time trading opportunities across a wide selection of CFD instruments.

Some of the best tools included in the autochartist market analysis pack include:

Automated trade alerts

Volatility analysis for SL and TP optimization

Fibonacci patterns

Market reports delivered 3 times per day

Historical performance statistics

The key support and resistance levels

Customizable searches to only get the data you need

Autochartist is offered free of charge to all tickmill live account holders. This tool is offered as an MT4 plugin as well as a standalone web application.

Financial products

A range of trading instruments including forex, stocks indices and oil, precious metals, and bonds are available.

Tickmill does lack some diversity in the cfds on offer. For example, you cannot trade popular cfds such as cryptocurrencies, stocks, etfs or soft commodities (such as crops and livestock) through tickmill. This can limit your ability to spread your risk through investment diversity.

Forex

The forex market is the most popular financial market because of its volatile price movements and 24/5 availability for trading. When trading forex, you are simultaneously buying and selling currencies for profit. Tickmill offers you access to over 60 currency pairs, allowing you to trade popular currencies such as USD, EUR, and GBP. Spreads start from 0.0 pips, and the average trade execution speed is 0.20 seconds.

At tickmill, trading minor and exotic forex pairs is also available with no requotes and ultra-fast execution speed of 20ms.

Stock indices and oil

Stock indices allow you to track a group of stocks to buy and sell them as an aggregate, rather than picking single stocks. Where stocks show the performance of a company, stock indices are useful to determine the economic health of sectors, industries, or countries. Tickmill offers 14 stock indices with no commission fees.

Trading WTI oil serves a similar purpose. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.

Trading oil serves a similar purpose. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.

Precious metals

Gold and silver metal commodities against the USD are available through tickmill. These trading instruments are relatively uniform across the world and are typically safer assets during periods of market uncertainty. With the metatrader 4 trading platform, you can trade gold and silver from 0.0 pips spreads, no commissions, and an average trade execution speed of 0.20 seconds. Much like the forex market, you can trade precious metals 24/5.

The tickmill range of precious metals is small. Other popular metals such as copper, palladium, platinum are not available.

Bonds

Tickmill offers 4 types of government bonds (also known as treasury cfds) which are agreements between borrowers and lenders that you can trade over the counter. These bonds are futures (cash) contracts. Tickmill provides access to german bonds from 0.0 pips spread and no commissions.

Customer service

Hours of support

Tickmill provides extensive trading services and customer support with the head office in london, united kingdom. You can contact the CFD broker through the client support number or office number during 7:00 to 16:00 GMT monday to friday. Tickmill also provides a support email with a response time within 24 hours on business days. A livechat is also available through their website tickmill.Com, one can choose from 14 different languages.

Education and research

Tickmill provides a range of educational resources to help you improve your trading experience with tickmill. Some of these tools are available for download and some require registration. These tools can help you improve your trading strategies.

Ebooks – topics include introduction to fibonacci analysis, know your trading costs, risk management, trading forex

Videos – forex trading, market analysis, trading psychology, trading strategies, social trading, stocks, MT4

Webinars – hosted by forex experts, these webinars are in a range of languages including english, german, polish, portuguese, turkish

Seminars – these seem to have stopped at least for 2020 but are allow you to hear from forex experts online

Infographics – these are visual graphics that visualise data, charts and statistics on trading topics

Minimum deposit – funding

Tickmill has a zero fees policy for deposits and withdrawals. This means there are no costs from the brokers’ end for using when transferring funds. If your wire transfer and your deposit are greater than $5000, tickmill will refund any fees up to $100 with if you can provide a bank statement.

To open an account with tickmill, you will require a minimum deposit of $100. To access a VIP account, your balance will need to be $50,000 to open your position. Tickmill accepts 4 different deposit currencies EUR, GBP, USD and PLN. Deposits made in unsupported currencies will be converted incurring a conversion fee to the previously mentioned currencies.

Tickmill offers a range of deposit and withdrawal methods, and there is a minimum withdrawal requirement of $25. Fund transfer will be instant or up to 1 working day:

Bank transfer

Visa and mastercard

Skrill

Neteller

Dotpay

Paysafecard

Sofort

Rapid transfer

Paypal

Unionpay

Fasapay

Qiwi

Tickmill doesn’t have any official inactivity fees however tickmill may apply charges if they believe you are not actively using your account.

Regulation and risk management

Global regulation

Tickmill has regulation in several countries including:

Tickmill UK ltd: financial conduct authority (FCA) for the UK (register number 717270)

Tickmill ltd: seychelles financial services authority (FSA) for seychelles (licence number SD008)

Tickmill europe ltd: cyprus securities and exchange commission (cysec) for cyprus (licence number 278/15)

Tickmill asia ltd: labuan financial services authority (LFSA) for labuan (licence number MB/18/0028)

Tickmill south africa (pty) ltd: financial sector conduct authority (FSCA) for south africa (licence number FSP 49464)

Tickmill asia applies for clients in malaysia, all clients outside tickmill subsidiaries that have FCA, cysec, LFSA and FSCA regulation will have FSA regulation. While tickmill policies for FSA will be in line with other regulators, you need to remember that FSA is an offshore regulator. So if you have any complaints, you may not have the protection you need to settle disputes in case of scams.

If you are australian or from dubai, then you may note that tickmill does not have ASIC or DFSA regulation. We don’t advise using regulators outside your country. So tickmill may not be a suitable broker for your situation.

Risk management features

If an account falls below a zero balance, tickmill will cover the debt by providing negative balance protection. This means that tickmill will cover any losses below a zero balance on your account in the event of trading losses or excessive slippage. The forex broker also uses a risk department to monitor traders’ risk appetite and may notify the client of excessive risk-taking or even reduce the leverage.

Tickmill provides a degree of risk management to improving trading conditions. The range of educational resources and research-based features helps you to improve your trading ability on a demo account before testing your skills with a live account. These tools are a form of risk management as they ensure you understand the nature of trading before getting started.

Furthermore, tickmill allows the maximum leverage depending on the relevant regulatory entity. For retail clients trading forex, leverage is capped at 1:30 whereas professional clients can access leverage up to 1:500. Tickmill also provides a simple and transparent calculation of the required margin for clients to visualize the risk of trades.

Tickmill FAQ

Is tickmill an ECN broker or market marker

Tickmill is an ECN pricing. Tickmill doesn’t advertise themselves as an ECN broker or STP broker but they offer ECN pricing because they connect you with forex liquidity providers without a dealing desk. This is why spreads are low. As there is no dealing desk, tickmill is not a market maker.

If you are looking for other forex brokers with ECN pricing then see our best ECN brokers. All these brokers offer ECN trading execution using the MT4 trading platform.

What trading platforms does tickmill offer?

Tickmill only offers one trading platform. This is metatrader 4 (MT4). Metatrader 4 is the world most popular platform with brokers and traders so is a solid choice for a trading platform.

Some traders may wish to consider metatrader 5 over metatrader 4 as metatrader 5 allows you to deal with exchange-traded cfds and has superior trading features and speed.

Is tickmill good for beginners?

Tickmill can be a good option for beginners as they have a commission-free account (called the classic account), negative balance protection ensures you account balance never goes below zero, metatrader 4 trading platform and a demo account.

If you are looking for other suitable trading platforms for beginners, see out best trading platforms for beginners.

Is tickmill a good choice for australian traders?

You can certainly use tickmill if you are in australia, however, you will be using seychelles financial services authority (FSA) as your regulator. Compareforexbrokers never recommend using an offshore regulator. If you are trading in australia then we suggest our best brokers australia who all have regulation with the australia securities investments commissions (ASIC).

Overall

With a choice of a classic account which is commission-free and ECN pricing accounts all which allow hedging, scalping and eas, tickmill is a suitable forex broker for traders of all levels of experience. The $2 commission per lot to open your position is some of the best in the market. However, tickmill has a few weaknesses. The broker only offers the metatrader 4 trading platform, which many consider the gold standard for trading platforms however it would be nice to have another trading platform to choose from. Tickmill also limits the range of cfds you can choose from. Overall, tickmill is one of the better brokers, but pepperstone exceeds the broker in most areas.

Justin grossbard has been investing for the past 20 years and writing for the past 10. He co-founded compare forex brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of fintech and digital startups including innovate online and SMS comparison. Justin holds a masters degree and an honours in commerce from monash university. He and his wife paula live in melbourne, australia with his son and siberian cat. In his spare time, he watches australian rules football and invests on global markets.

5 key facts about tickmill

Minimum deposit
- $100

Forex platforms
- metatrader 4

Trading fees
- low commissions

Regulated by
- cysec
- FCA
- FSCA
- LFSA

Trading account
- classic
- pro

Tradable instruments
- forex
- cfds
- bond CFD

visit tickmill >>

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Tickmill review

Tickmill is a plain vanilla MT4 broker offering a minimal selection of tradeable securities. That said, tickmill offers very competitive commission-based pricing for professionals through its VIP and PRO accounts.

Top takeaways for 2021

Here are our top findings on tickmill:

Founded in 2014, tickmill is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe broker (average-risk) for trading forex and cfds.

With just the MT4 platform available, tickmill does not stand out compared to the best metatrader brokers.

Pricing at tickmill is highly competitive, helping the broker finish 1st overall for commissions and fees in 2021. Tickmill also competes well professional trading another category where tickmill finished best in class (top 7) in 2021.

Special offer:

Overall summary

feature	tickmill
overall	4 stars
trust score	81
offering of investments	3 stars
commissions & fees	5 stars
platforms & tools	3 stars
research	4 stars
mobile trading	3 stars
education	4 stars

Is tickmill safe?

Tickmill is considered average-risk, with an overall trust score of 81 out of 99. Tickmill is not publicly traded and does not operate a bank. Tickmill is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Tickmill is authorised by the following tier-1 regulator: financial conduct authority (FCA). Learn more about trust score.

Regulations comparison

feature	tickmill
year founded	2014
publicly traded (listed)	no
bank	no
tier-1 licenses	1
tier-2 licenses	2
tier-3 licenses	0
trust score	81

Offering of investments

Tickmill offers a total of 85 tradeable symbols encompassing mostly currency pairs, with barely a dozen cfds on indices, metals, and bonds. The following table summarizes the different investment products available to tickmill clients.

Feature	tickmill
forex: spot trading	yes
currency pairs (total forex pairs)	62
cfds - total offered	13
social trading / copy-trading	yes
cryptocurrency traded as actual	no
cryptocurrency traded as CFD	no

Commissions and fees

Tickmill offers three accounts. Bottom line, tickmill is best for active and VIP traders, who have access to pricing that competes among the lowest brokers in the industry.

Classic accounts: the classic account is commission-free, where traders only pay the bid/ask spread. However, the average spreads are higher relative to the other two account types, making the classic account unattractive.

Spreads: using typical spread data listed by tickmill for its pro account offering of 0.13 pips for the EUR/USD, the all-in cost equates to 0.53 pips when factoring in the RT commission equivalent of 0.4 pips. It is worth noting that tickmill records typical spread data during normal market conditions (when spreads are narrower).

Pro account: pro and VIP accounts both have a per-trade commission added to lower prevailing spreads and standout as competitive. With a low commission rate, the pro account will be ideal for most traders compared to the classic account, as spreads are inherently less expensive, and 75 instruments, including 62 currency pairs, can be accessed.

VIP versus pro accounts: while the VIP account requires a minimum balance of $50,000 for traders to access low commissions of $1 per standard lot (100k units) or $2 per round-turn (RT), the pro account has similar pricing with an RT commission of just $4 per round-turn standard lot. The pro account is available with as little as a $100 deposit.

Active trader discounts: tickmill offers three tiers for active traders, with rebates starting at $0.25 per standard for up to 1000 standard lots per month, to as much as $0.75 at tier-3 for those who trade more than 3001 standard lots monthly.

Gallery

Feature	tickmill
minimum initial deposit	$100.00
average spread EUR/USD - standard	0.53 (august 2020)
all-in cost EUR/USD - active	0.32 (august 2020)
active trader or VIP discounts	yes

Platforms and tools

Tickmill is a metatrader-only broker offering the standard, out-of-the-box experience, for just MT4. Unfortunately, there are no notable add-ons, besides autochartist, to help tickmill stand out among the best metatrader brokers. Even metatrader 5 (MT5) is not offered. Finally, VPS hosting is available at tickmill and is useful for algorithmic traders using MT4.

Gallery

Tickmill MetaTrader4 Desktop platform trade ticket

Feature	tickmill
virtual trading (demo)	yes
proprietary platform	no
desktop platform (windows)	yes
web platform	yes
social trading / copy-trading	yes
metatrader 4 (MT4)	yes
metatrader 5 (MT5)	no
ctrader	no
duplitrade	no
zulutrade	yes
charting - indicators / studies (total)	51
charting - drawing tools (total)	31
charting - trade from chart	yes
watchlists - total fields	7
order type - trailing stop	yes

Research

Tickmill is competitive in its offering of market research and continues to improve its research year over year. That said, tickmill still lags industry leaders IG and saxo bank in depth, personalization, and overall quality.

Trading tools: tickmill provides autochartist for automated technical analysis, myfxbook powers the broker's economic calendar, and forex news headlines stream from investing.Com.

Copy trading: in addition to the native MQL5 signals market available in MT4, tickmill also offers the autotrade feature of myfxbook for social copy-trading (note: this service is not available from the firm's UK branch).

Market insights: tickmill has a team of analysts that produce daily technical and fundamental analysis on the company's blog. I found that the broker does a good job covering the markets with a wide variety of research content for traders. Tickmill also offers archived webinars, technical and fundamental analysis videos, and news updates on its youtube page.

Gallery

Tickmill research videos YouTube channel

Feature	tickmill
daily market commentary	yes
forex news (top-tier sources)	yes
weekly webinars	yes
autochartist	yes
trading central (recognia)	no
delkos research	no
social sentiment - currency pairs	yes
economic calendar	yes

Education

Tickmill's education offering is better than the industry average but not quite good enough to make the cut as best in class (top 7).

Good stuff: highlights include live educational courses, a handful of ebooks, weekly webinars hosted in various languages, and archived webinars through youtube. Tickmill offers variety in both topic and type.

Drawbacks: tickmill continues to expand its scope of education material across written and video formats; however, educational content is mixed with market research, which makes it difficult to navigate and filter through. A dedicated educational portal would be a notable boost to tickmill’s educational offering.

Gallery

Feature	tickmill
has education - forex	yes
has education - cfds	yes
client webinars	yes
client webinars (archived)	yes
videos - beginner trading videos	yes
videos - advanced trading videos	no
investor dictionary (glossary)	yes
tutorials/guide (PDF or interactive)	no

Mobile trading

Since tickmill is a metatrader-only broker, ios and android versions of the MT4 app come standard and are both available for download from the apple itunes store and android play store, respectively.

Gallery

Feature	tickmill
android app	yes
apple ios app	yes
trading - forex	yes
trading - cfds	yes
alerts - basic fields	yes
watch list	yes
watch list syncing	no
charting - indicators / studies	30
charting - draw trendlines	yes
charting - trendlines moveable	no
charting - multiple time frames	yes
charting - drawings autosave	no
forex calendar	no

Final thoughts

Tickmill caters best to high volume, high balance traders who trade only the most popular forex and CFD instruments. With a lack of platforms and a small range of markets, there is no question that there are better forex brokers for traders to consider in 2021 unless you can afford the VIP account at tickmill, which has highly-competitive pricing.

About tickmill

Tickmill was established in 2014 after armada markets moved its retail clients to tickmill's entity in seychelles, where it is regulated by the financial services authority (FSA). Today the tickmill brand holds regulatory status in UK, cyprus, and malaysia. According to its website, tickmill group has over 200 staff and more than 50,000 customers.

2021 review methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers over a three month time period. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

Tickmill UK review 2021

	tickmill is FCA & cysec regulated and offers trading in cfds, FX and commodities.
Tickmill is FCA & cysec regulated and offers trading in cfds, FX and commodities.

Tickmill is a multiple award-winning broker that provides access to forex, cfds, indices, commodities, bonds. Tickmill allows traders to use the metatrader4 trading platform, but unfortunately not metatrader5 at this point.

Careful traders will be reassured knowing that tickmill is licensed to offer trading services by several regulators, 4 in fact, including the FCA.

Tickmill summary

Tickmill is FCA & cysec regulated and offers trading in cfds, FX and commodities.

Ratings

CFD trading

Trade on 80+ CFD instruments across FX, stock indices, & commodities.

FTSE spread	0.9
GBPUSD spread	0.3
oil spread	0.4
stocks spread	N/A

Forex trading

Trade on majors, minors and exotics with up to 1:500 leverage.

GBPUSD spread	0.3
EURUSD spread	0.1
EURGBP spread	0.4
assets	62

Payment methods

Tickmill accepts the following payment methods:

Skrill

Neteller

Visa

Webmoney

QIWI

Wire transfer

Fasapay

Rapid transfer

Perfect money

Swift

Sticpay

Paysafecard

Awards

Tickmill is an award-winning broker, with 5 awards received so far.

Best commodities broker 2020 - rankia markets experience expo

Best trading experience 2020 - forex brokers award

Best forex execution broker 2019 - CFI.Co awards

Best CFD broker asia 2019 - international business magazine

Best forex CFD provider 2019 - online personal wealth awards

Tickmill vs other brokers

If you want to compare tickmill with other brokers, use the detailed comparisons below.

Tickmill reviews and comments 2021

Tickmill is scam broker they don't give your money back. Be careful & don't waste your time.

K. Sudesh ranga 16 april, 2020 reply

I chose tickmill through a referal from a forex education centre and it totally disappointed me. The online team is not 24 hours and they can barely do anything when you talk to them. Even after they arrange for a call back, it does not happen on many occasions. On top of them, they do not exercise margin calls like most brokers. My positions got wiped out just like that. And even after they liquidated some of my positions, my margin continues to be negative though my positions are in positive. Till date, this had not been resolved as they are always slow in replies. Recommend all to avoid this broker at all cost!

Vincent lim 15 april, 2020 reply

I chose tickmill accidentally, when I didn't understand anything in forex, but I was lucky that I didn't run into a rogue, but got into a good company, although all the chances were against me. First I opened there a demo account, then a real one, and soon decided to withdraw some money - on trial, would they not deceive you. Brought out. Then I began to quietly trade, and since then two more times I have withdrawn relatively small amounts - two times $ 300 each. There were no obstacles, only at the very first withdrawal it was a little long, scans of documents were required, but the next time they were no longer required.

Malcolm 25 july, 2019 reply

I usually do not write reviews, but here the situation is different, tickmill is a relatively young broker. I've been trading here for a month, and managed to withdraw, and I could bargain with the manager, I can confirm that I had a good deal of trying to make my debut. For a couple of weeks you will not make an objective conclusion about the company, but judging by what has already happened, and if there is something that will force me to stop working with the company, then itâ€™s logical that I will not be silent, like everyone here, but as long as the stones do not fly towards the broker, then there are few newcomers here, they usually choose monopolists in the market, and this is a young broker, only those who are looking for it will find it, and the reason why there is not enough negative for you broker to maintain the level of service, after all, they are interesting for now.

Antony 18 july, 2019 reply

I work with three forex brokers companies simultaneously, including tickmill. I use different trading strategies with different brokers, so I can't guarantee 100% comparison accuracy, but it feels more comfortable with tickmill. First of all, I speak about situations when the price is going up and down and does not catch your stop, although the candle crossed it. But it can be a matter of strategy and selected tools, I can't vouch for it. But in principle I can advise with a clear conscience, a good broker, only maybe not for beginners.

I do not like to praise people or companies for nothing. But I am going over the facts on the experience of working with tickmill. This is quite a powerful STP broker from experienced major companies. The interbank market access is an highly important moment for me since there is no conflict of interest with the broker. This is seen immediately both in execution and real spreads that you observe in the terminal. As to spread without additional commissions, it is very adequate for them, the broker does not pull three skins from the client. With this, the spreads in their specifications correspond to those in real trading. They are not moving apart too much, even with extra volatility, as a pound has been observed recently. Just recently, the week on dollar/yena started with a gap and I was standing up for sale. The price opened at 40 points with a gap and immediately closed the deal. I planned to take 50 pips off the taka and took more than 90 off. Fact! I appreciate them for their honesty towards their clients.

Not bad broker, but kridex offers better spread, lower commissions, higher leverage nad faster execution

I love tickimil and they the best broker, but I am not sure why the withdrawals comes in half half. This is a good broker ever

Very good. Problem is leverage. Too small!

I have a serious problem with the bonus you provide us with.You're saying that "we can withdraw any profit we make"but why is it difficult to withdraw our profit.Even the log in details doesn't go through. What's wrong.I need help

Sharl 31 january, 2019 reply

Are serious about what you saying cos I was also asked to do the same but I haven't. Not sure if I should go ahead or just drop everything.

David 28 august, 2019

Tickmill trading bonus is a scum. Made 700usd and after they told mi to fund account so that I can withdraw then I did so nd since that day I'm still waiting to receive my profit so be careful guys

Thabo 12 november, 2018 reply

I've been trading for a couple of years now and have tried out many brokers, but tickmill has really made a difference for me. Really reliable broker, with great execution. Plus, I've never had any issues with withdrawals.

Fraud company. One of their representative name - sumit lakeshri in india took 12,000 INR from me to deposit funds in tickmill & now since last 20 days his number is switch off. Fraud company & fraud executive. Don't attend call from tickmill.

Have you tried any methods to recover your investment? I hired a refund solution professonial to retrieve my funds.

Christie 2 august, 2017

Compared platform trading conditions with other brokers, it's just better.

Jozefntou1 14 march, 2017 reply

**wanted to add 5 stars!! But website put 1 star?

Jozefntou1 14 march, 2017

For sure this broker can be recommended. Trading is profitable here. The orders are executed instantly. I prefer forex trading with advantage on its ECN pro account with minimum deposit $ 25. ECN spreads are fluctuating but great widening is not observed. I like to trade chinese yuan against USA dollar. The environment allows the yuan to trade freely and forecast the movements of it taking advantage of the exchange rate fluctuation. The broker even credits positive slippage to my account… sometimes there is a negative one during news release – get used to it trading with other brokers. Do not think it is possible to avoid it completely.

Ingmar 21 june, 2016 reply

Excellent broker. One of the best. Good prices. Competitive.

Timay10 13 august, 2016

Don’t like it at all. Though, I heard many good things about tickmill. But I lost my money several times here because of slippage. In reviews they say that there is no slippage (I’ve read). “you got me all misty-eyed,” - as my favorite character says. The price moves up and down regardless of what is requested. The connection with the platform is often interrupted. I faced the problems with closing of positions and execution of the orders. Moreover, usually fast withdrawals suddenly just stopped. I could not get my money immediately already twice waiting for withdrawals during a week. Wouldn’t recommend this broker. I’m leaving.

I have been trading with tickmill nearly around 7 months with their clas sic account. I have gone through some profits and losess in my trading account. I can say they are really have good spreads start from 1.2pips for EURUSD in their clas sic account. I think their trading platform for offshore broker are really awesome, and I noticed in 7months I trade with tickmill, I never has disconnecting problem, or freezing chart problem. Customer services are polite. Wide range payment methods, including famous e-payment methods in my country. I hope in near future they will have more regulations and offer swap free account.

Arsen 2 february, 2016 reply

Opened an ECN account with them and deposit small amount , $100 to test their executions. My plan was do news trade with this broker,because they claimed as ECN. To be honest, my news trade was executed perfectly. Their spreads when news were litlle bit high , around 1.2-2 pips when news, but no problem,. As long as my trade executed fairly. Made some profits and some losses, got 40% profits, and decide to withdraw my profits, and recieved it fast in my skrill account. Good broker with good services. They are fair and not mess with your account with you made some profits.

Mahesaroni 26 january, 2016 reply

I have a ECN account with them. The execution is fast and the spread is very good, never had an issue with trading , like delayed trades, freezing chart , or any other problems that usually happen with another brokers, if you are a news trader, you need to adjust your stoploss with their widening spreads. Depositing money in any brokers are always smooth ,however tickmill withdrawing process is fast. A good forex broker with good attitude so far.

Ardian 15 january, 2016 reply

I've trading with tickmill for 4 months and what i can say, they are honest broker. Trade with their no commisions account and satisfied with their spreads, 1.2 pips for EURUSD is perfect spreads for trading either scalping or intraday. However it is variable spreads, so sometimes i got 2.0 pips. But it is normal if we trade with variable spreads broker. Their customer service is good, professional and polite when answering my questions. But i will love them more if they are add more trading platform like ctrader. Overall as a happy clients , so far, they are doing a great job and i hope they can maintain and stick with their quality in future. Sorry if i have error in grammar since english is not my mother language

Verry2114 8 january, 2016 reply

Move to tickmill from my old broker. And i am satisfied with tickmill trading conditions. My old broker compare with tickmill ?My old brokers charge 5 pips spread and $50 commisions, so i am very satisfied with tickmill
and different with my old broker, their platform never freeze in high impact news. Fast withdrawal. What i can expect more?

Daftar2ijak 21 november, 2015 reply

As a white label partner, you can offer your clients the same award-winning technology and broad product range enjoyed by thousands clients worldwide, under your own brand.

Malenchelon 24 december, 2015

My trading style is to put all of my balance in one trading. That is why i only deposit as low as possible and take profit as much as possible. And market only need move 50.0-100.0 pips against my open trade before i got stop out
other broker ban my trading style. I do not know why. And some of other let me do my style and delete my profit after that. Which is unfair. In my tickmill ECN account, i can trading using my style without any problem. They accept my style.And have no problem withdrawing my profit

Daftar2ijak 27 october, 2015 reply

One of best broker for arbitgeur trader, open an ECN account to test my arbitrage EA with small deposit and i am notice my arbitrage EA working smooth here smooth execution for my EA transaction cost is not expensive i will see how my portofolio grow here.

Riza 18 august, 2015 reply

Is it problem to trade with tickmill and use the bank which is their liquidity providers ( barclays? Or it can affect some how?

Gabriel 16 march, 2019

I click close the newly appear lossing trade but this time it update immediately as a loss. Their explanation was you have a cache problem!!

Ben dunn 10 august, 2015 reply

Tickmill is an award-winning global ECN broker, authorised and regulated in the UK by the financial conduct authority (FCA) and the FSA of seychelles. Tickmill offers its retail and institutional clients various trading services with a prime focus on forex, stock indices, commodities, cfds and.

Regulation: FCA UK, cysec, FSA seychelles

Tickmill review

Tickmill is forex broker. Tickmill offers the MT4 and MT4 webtrader trading currency platforms. Tickmill.Com offers over 60 currency pairs, gold, sliver, bonds and cfds for your personal investment and trading options.

Broker details

established:	2015
address:	3, F28-F29 eden plaza, eden island, mahe, seychelles
contact:	support@tickmill.Com, +852 5808 2921
regional offices:
regulators:	cysec #278/15, FSA-S #SD 008, FCA #717270
prohibited countries:

deposit methods:

bank wire, VISA, mastercard, fasapay, globe pay, local bank transfers, neteller, ngan luong, qiwi, skrill, sticpay, unionpay

withdrawal methods:

bank wire, VISA, mastercard, fasapay, globe pay, local bank transfers, neteller, ngan luong, qiwi, skrill, sticpay, unionpay

Live discussion

Join live discussion of tickmill.Com on our forum

Tickmill.Com profile provided by tickmill, nov 10, 2016

Tickmill is an award-winning global ECN broker, authorized and regulated by the FCA of the united kingdom and the FSA of seychelles. Tickmill offers its retail and institutional clients various trading services with a prime focus on forex, stock indices, commodities, cfds and precious metals. The company has distinguished itself among global ECN forex brokers by providing excellent services with low spreads, some of the industry’s lowest ECN commissions and ultra-fast execution with the state-of-the-art london trading servers located at equinix LD4 data center. Our team members have trading experience that goes back to 1989 and we have successfully traded all major financial markets from asia to north america.

In june 2016, tickmill recorded a monthly trading volume of $49.1 billion, followed by a record-high trading volume of $51.7 billion in july, which makes it one of the largest retail forex brokers in the world.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

I have been with tickmill over 5 years and they are my experience with them is excellent.
They provide direct market trading with minimal commission and almost no slippage.

Deposits and withdrawals are fast if using skrill or neteller even faster.

They do have a client outreach and communicate with you occasionally on promotions or events they hold.

I have had no qualms' with them at all.

Commendable and one of the best. Keep up the good work.

Length of use: over 1 year

Tickmill threatens with legal action against me because I expose truth on social media how they refuse to pay me my funds, $35 966! Funds are not paid for more then 6 months already, and they now even threaten with legal action against me. I fight this SCAM company hard with regulators and I am going also to bring my case on court. This unjustice and fraudulent behavior must be stopped!

I strongly advise everyone to stay away from tickmill. This is SCAM company and I kindly ask forexpeacearmy to mark this company with SCAM label and their ratings erased to 0.

Aug 17, 2020 - 1 star this is SCAM company and it should be put where it belongs, to SCAM brokers. Their ratings erased.

Their price at the moment is on 24.10 $. Also straight forward crippled price action. While at same time december futures 2020 contract price which they claim they follow is on 43.22 $ with very much visible dips during upside movement. Something which we do not see in tickmill's price action!

For situation to be even worse, they charge insane swap for long positions of more then 14 points! Total SCAM! This must be punished!

Tickmill continues their fraudulent activity by offering imaginary, fake, and wrong spot WTI price. Price which has nothing to do with reality, or with any futures contract price. Random number they transmit.

I am in close contact with FSA regulator which works on my case, and hopefully this week there will be some real progress regarding my case, and my funds paid in full.

Tickmill must pay me funds they owe me, $35 966 must be paid to my trading account # 3033967.

For more information about my case, you can follow it here: scam - scam alerts - tickmill SCAM! Offers invalid WTI price in close only mode, wrong price execution for all bigger trades.

May 11, 2020 - 1 star I am going to describe 2 problems I ran into with tickmill. My trading account # 3033967.

First and main problem is fake and imaginary WTI CFD price they offer in the moment. Their price currently is at 9.64$ for barrel, while true WTI CFD price is 26$ for barrel, it can be checked with any other broker, or simply by looking at CME futures prices for WTI, all contracts are above 25$ for barrel. Tickmill have applied close only mode on WTI, and since I have 3 long positions I am not able to close my positions with significant profit of 26 000$, and trader can not open new long positions on that absurd, fake, low price they offer because it is only close only mode applied. I would have no problems with their close only mode if they offer true WTI CFD price, instrument I was trading with. Their excuse is that they follow movement of december 2020 futures price, which is also invalid since price for december futures is over 30$ for barrel, and also price movement is completely different. They refuse to pay my winnings after weeks of annoying conversations and invalid arguments they try to provide. I am experienced trader who has account with over 10 brokers, and what they say is completely absurd and not acceptable! Difference in their price from true price is almost 300%, no LP can justify that. There is only one true WTI CFD price and it is between 26$ and 27$ for barrel at the moment I am writing this review.

Second problem I encountered with wrong price execution for trades bigger then 1 lot size. This applies for all FX pairs and metals. Order is executed on price NOT SHOWN in MT4, but on price worse for client by 1-2 points. This happens every time, for manually opened positions and pending positions. They stole from me on over 500 trades these 1-2 point. It is not slippage, it is wrong price execution! I brought this issue also to them, and gave them chance to refund what they were stealing from me for years, but they refused with no true explanation provided, only fake arguments which has nothing to do with reality. Experienced trader like me can not be fooled or tricked like that.

I am going to continue to fight with them with these two problems and claim my funds via court if necessary if they continue to refuse to pay what they owe me.

Everyone can feel free to contact me directly here on FPA if further details about tickmill are wanted.

Reply by tickmill submitted may 15, 2020 hi deltoid88,

We have provided all necessary clarifications and have assisted with detailed explanation in regards to your trades.

If you have any additional concerns, you can reach out to our support team.

Tickmill review

Tickmill is a multi-regulated online broker offering retail and institutional clients across the globe 80+ trading instruments. Spreads and commissions are competitive with flexible accounts. Tickmill also have multiple trading platforms and a vast selection of trading tools that are sufficient but educational material is perhaps lacking compared to other online brokers.

Tickmill review, pros & cons

Multi-regulated

Negative balance protection

Investor compensation fund

Segregated client funds

Commission free accounts

Autochartist

FIX API

No US clients

Restricted leverage for EU clients

No fixed spread accounts

Limited educational material

No cryptocurrencies

In this detailed tickmill review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Tickmill is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including tickmill.

Tickmill review: summary

Tickmill is a regulated and award-winning online broker offering retail and institutional clients across the globe 80+ trading instruments in multiple markets including forex, commodities, stocks, shares, indices, metals, energies, bonds & cfds.

Tickmill was founded in 2015 and built by an experienced team of global market traders who understand what traders require to reach their full potential. The team remain focused on growing the company whilst adhering to the best interest of its clients.

Tickmill incorporates innovative technology to provide premium trading conditions with low spreads starting from 0 pips, competitive commissions and fast execution speeds of 0.15 seconds on average. There are no requotes and a fully automated no dealing desk (NDD) execution model for absolute transparency.

Tickmill liquidity is provided from global, top-tier banks and hedge funds. 100% of orders are cleared with their liquidity providers using quotes directly from them. They allow all trading strategies including hedging, scalping and expert advisors.

Tickmill have won awards for their trading services including top CFD broker 2018 (fxdailyinfo.Com broker awards), most trusted broker in europe 2017 (global brands magazine) and best forex trading conditions 2017 (UK forex awards).

Tickmill review: features

Tickmill review: regulation

Tickmill is the trading name of 3 related companies within the tickmill group, all of whom are regulated.

Tickmill UK ltd is authorised and regulated by the financial conduct authority (FCA) in the united kingdom. The FCA is an independent public body given statutory powers by the financial services and markets act 2000. It regulates the conduct of both retail and wholesale financial services firms in the UK. The regulator’s mission is to protect investors and ensure the financial markets operate with high standards and integrity.

Tickmill UK ltd is a member of the financial services compensation scheme (FSCS). The FSCS is an independent compensation fund of last resort for customers of authorised UK financial services firms, set up under the financial services and markets act 2000. The FSCS’s objective is to pay compensation if a firm is unable or likely to be unable to pay claims against it in the event the firm has stopped trading or has declared to be in default.

Tickmill ltd is regulated as a securities dealer by the seychelles financial services authority (FSA). The FSA was established under the financial services authority act 2013. The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in seychelles through a solid regulatory regime.

Tickmill europe ltd is authorised and regulated by the cyprus securities and exchange commission (cysec) as a CIF limited company. Cysec is the financial regulator of the republic of cyprus, established according to section 5 of the securities and exchange commission (establishment and responsibilities) law of 2001. The purpose of cysec is to safeguard investor protection and facilitate the sound development of the securities market through the exercise of efficient supervision

Tickmill europe ltd is a member of the investor compensation fund (ICF). The ICF was set up according to article 59(1) and (2) of law 144(Ι)/2007 as an investor compensation fund for CIF clients and its functions are regulated by the directive 144-2007-15 of cysec. The fund’s objective is to secure the claims of covered clients against the ICF members through the payment of compensation for any claims arising from the failure of a member of the fund to meet its obligations.

It should be noted that the tickmill UK and european companies have restricted leverage of 1:30 due to the european securities and markets authority (ESMA) rules. They also follow the european union’s markets in financial instruments (mifid II) directive which provides a harmonised regulatory regime for the provision of investment services within the european economic area. The main objectives of this directive are to maximise the efficiency, increase transparency, encourage competition and offer greater consumer protection. Mifid II allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.

Tickmill holds client funds in segregated accounts with trusted financial institutions for protection and to ensure that the funds cannot be used for any other purpose such as business running costs.

Tickmill account holders have negative balance protection that ensures clients cannot lose more than their initial deposit. If the tickmill client risk team identifies irresponsible trading, they may contact the client and ask them to reduce risk or they may reduce the leverage on the account.

Tickmill review: countries

Tickmill accepts clients from all over the globe, excluding some countries due to regulatory restrictions such as the USA, cuba, iraq, myanmar, north korea and sudan. Some tickmill broker features and products mentioned within this tickmill review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Tickmill review: trading platforms

Tickmill offer the most widely used and popular trading platform which is metatrader 4 (MT4). MT4 is freely available to use on desktop (windows / mac), web and mobile (iphone / ipad / android / tablet). The mobile app is useful for those who wish to trade on the go whilst the web platform runs in most browsers without needing to install any software.

Metatrader 4 (MT4)

The MT4 trading platform is fully customisable and very user friendly. It is easy to use with a small learning curve and thus is suitable for beginner traders whilst also having enough features for the more advanced traders. It is available in multiple languages and has built in user guides.

The enhanced charting functionality and sophisticated order management tools help traders to control positions quickly and efficiently. It includes 9 chart timeframes, technical indicators for chart analysis, drawing objects, real-time quotes, multiple order types, economic calendar, trading strategy templates and a built in metaeditor for creating custom indicators and automated trading systems in the MQL programming language. The MQL online community is a useful resource for additional MT4 add-ons and to communicate with fellow users.

Tickmill review: metatrader 4 (MT4)

Web trader

The web trader is an online trading platform that gives quick and easy access to MT4 without needing to download, install and run any additional software. It provides the same features as the MT4 platform but runs directly in your browser.

You can open a new browser window and have the platform running in just one click from anywhere in the world with an internet connection. All information transmitted via the online platform is securely encrypted.

Tickmill review: web trader

Mobile app

MT4 is available to download on both android and ios from the relevant app stores. It also has the same features as the desktop platform with the convenience of being able to trade from the palm of your hands. You can open, manage and close positions, and analyse the markets. Push notifications can also be set to alert you when a particular event occurs.

Tickmill review: metatrader 4 (MT4) mobile platform

FIX API

Tickmill do offer a FIX API connection to private and institutional clients who maintain a minimum account balance of $500,000. The monthly commission generated should be $5,000 to get the FIX API for free, otherwise the fee is $5,000 minus commission generated.

FIX API allows traders to trade with direct market access (DMA) for the lowest possible spreads and fastest execution.

Tickmill review: trading tools

Tickmill provide a selection of useful trading tools to help improve your trading environment and strategies.

Autochartist

Autochartist is a powerful technical analysis tool that automatically scans the markets for you to find chart patterns and key price levels across multiple instruments. This award-winning tool can help find potential trading opportunities and is free to all tickmill clients. It can be used as a standalone online web platform or as an MT4 plugin. There is an online community with an abundance of educational material for autochartist.

Tickmill review: autochartist

Autochartist benefits

Saves you time from analysing the markets as it does it for you

Can scan throughout the day and night

Receive alerts when an opportunity is found

Forecast for possible levels that formed patterns could reach

Fully customisable scanning according to your requirements

Wide range of educational materials to learn how to use it

Drag & drop quick launch directly into MT4

All opportunities displayed on one screen

Technical chart patterns

Receive automatic notifications when emerging and completed technical chart patterns are found.

Autochartist technical analysis

Fibonacci patterns

Identify simple and complex fibonacci patterns for levels of possible support and resistance.

Autochartist fibonacci patterns

Volatility analysis

View the volatility of different instruments to help asses risk and optimise potential stop loss and take profit levels.

Autochartist volatility analysis

Key levels

Discover possible support and resistance levels for finding potential turning points and breakouts.

Market reports

Get daily reports of the technical outlook of various markets prior to the opening of the london, new york & tokyo trading sessions.

Autochartist market reports

Performance statistics

Analyse previous patterns statistics over a 6-month period to see which performed well and which did not.

Autochartist performance statistics

Myfxbook autotrade

You can use this tool to link your account to follow the strategies of other traders in myfxbook autotrade. The signals you follow will be copied automatically and directly into your tickmill account. You can review historical performance of signals and filter according to your requirements. It should be noted that past results are by no means any guarantee of future performance.

Economic calendar

The economic calendar displays important economical events including the dates, time and impact expected. It also shows the previous, actual and forecasted results. You can change the time zone and filter according to your choice of impact and currency. This can be used as part of a fundamental analysis.

Tickmill review: economic calendar

Trading calculators

The trading calculators can be used to convert currencies, calculate margin and pips. This saves time from manually performing the calculations.

Tickmill review: trading calculators

Tickmill VPS

Tickmill have partnered with beeksfx to provide a virtual private server (VPS) that allows you to keep your trading platform running remotely 24/7. This can be useful for running expert advisors around the clock if it is not possible for you to always have your computer switched on. Tickmill clients receive 20% discount on all VPS packages.

One-click trading

The one-click trading (OCT) tool can increase the functionality of MT4 by enabling you to perform trade operations with a single mouse click from a quick trading panel on the chart.

Tickmill review: one click trader

Tickmill review: education

Unfortunately, at this time tickmill do not offer any additional educational material. The closest thing would be the faqs and news sections of the website.

Tickmill review: trading instruments

Tickmill offers traders a selection of trading instruments including cfds on FX currency pairs, stock indices, crude oil, precious metals, bonds and more.

Forex trading

Forex is the worlds largest market by volume and can be traded 24 hours a day, 5 days a week. Tickmill offer over 60+ FX currency pairs including majors such as the EURUSD, GBPUSD & USDJPY as well as minors and exotics.

Stock indices & WTI trading

Traders have access to trade cfds on 15+ major global stock indices and crude oil with zero commissions, no requotes and no hidden mark-ups.

Precious metals trading

Precious metals are often considered as safe havens and a way to diversify a trading portfolio. Tickmill offer cfds on gold and silver against the US dollar with competitive spreads.

Bonds trading

The bonds market is one of the largest securities markets that allows investors to speculate on the stability of government treasuries. Through tickmill, you can trade german government bonds with competitive spreads and no commissions.

Tickmill review: trading accounts & fees

Tickmill offer 3 account types which are the classic, pro and VIP. All accounts have over 84 trading instruments to trade including cfds on over 60+ FX currency pairs, 15 stock indices, WTI, precious metals and bonds. The main difference between the accounts are the spreads, commissions and minimum deposit requirement. All accounts are also offered swap-free for muslim traders who must comply with sharia law.

Demo accounts are available to test the different trading platforms and conditions before opening a real account. Whilst demo trading conditions are mainly the same, no slippage occurs on the demo account.

Tickmill review: account types

Classic account

The classic account has variable spreads starting from 1.6 pips and no commissions. The minimum deposit is $100, minimum lot size 0.01 and max leverage 1:500.

Pro account

The pro account has variable spreads starting from just 0 pips and a low $2 commission charge per standard lot per side. The minimum deposit is $100, minimum lot size 0.01 and max leverage 1:500.

VIP account

The VIP account has variable spreads starting from just 0 pips and an even lower $1 commission charge per standard lot per side. The minimum deposit is $50,000, minimum lot size 0.01 and max leverage 1:500. The stop and limit levels for VIP account users are zero.

As broker fees can vary and change, there may be additional fees that are not listed in this tickmill review. It is imperative to ensure that you check and understand all of the latest information before you open a tickmill broker account for online trading.

Tickmill review: customer service

Customer support is provided via online chat, telephone and email, available monday to friday during business hours. Support is offered in english, italian, spanish, russian, chinese, indonesian, vietnamese and arabic. The support team are usually prompt, efficient and polite with their responses.

Tickmill review: deposit & withdrawal

Tickmill offer a good variety of deposit and withdrawal methods including bank transfer, credit card and online payment processors. These can be conducted from within the client area.

Skrill, neteller, fasapay, unionpay and credit card deposits are usually processed instantly while withdrawals are processed within one working day. Tickmill has a zero fees policy on deposits and withdrawals.

Withdrawals must be made via the same method used to deposit. Please note that some methods may only be available to specific countries.

Whilst tickmill process all withdrawal requests within 24 hours on business days, the time necessary for the funds to reach your bank account can depend on the policies of your bank.

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.

Accounts can be opened in USD, EUR, GBP, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Tickmill review: deposit & withdrawal options

Tickmill review: account opening

To register an individual client account, you need to fill in the online application form that they estimate takes 3 minutes to complete. Once submitted, you will need to verify your email address and submit your proof of address (POA) and proof of identity (POI) documents for KYC purposes. After the accounts team have verified your documents, you will be able to fund your account and start trading. If opening a corporate account, you will need to provide additional documents such as a certificate of incorporation and articles of association. Support are on hand to assist should you need them during the account opening process.

Tickmill review: account registration form

Tickmill review: conclusion

Tickmill is a very sophisticated and simple online broker with a clean offering that is suitable for all levels of traders. The spreads and commissions are very competitive whilst the accounts are flexible enough to suit different trader needs. They have multi-jurisdiction regulation along with a very approachable support team. Advanced trading platforms and tools are provided but educational material is significantly lacking.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading cfds with tickmill UK ltd. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Min $100 deposit

Tickmill is a multi-regulated online broker offering retail & institutional clients across the globe 80+ trading instruments. Spreads & commissions are competitive with flexible accounts. Platforms & tools are sufficient but educational material is lacking.

So, let's see, what we have: our tickmill review found this forex broker has good spreads and low commissions but lacks product choices. See our tickmill guide at tickmill review 2021