Tickmill Review

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Broker Details	Tickmill
Founded Year	2017
Minimum Deposit	$100
Maximum Leverage	500:1 *
Address	3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles
Contact	support@tickmill.com, +852 5808 2921
Customer Support	Live Chat, Email, and Phone
Regulators	FSA, LFSA, FSCA, CySEC, FCA
Prohibited Countries	United States
Trading Platforms	MT4, MT5, WebTrader, Tickmill Trader
Dealing Desk	❌ No
ECN	✅ Yes
Margin Call / Stop Out:	100% and 30%
Web Trading	✅ Yes
Mobile Trading	✅ Yes
Currencies	(60+)
Cryptocurrencies	Bitcoin, Litecoin, Ethereum
CFD	(20+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities, Futures, ETF
EAs/Robots	✅ Yes
News Trading	✅ Yes
Scalping	✅ Yes
Copy Trading	✅ Yes
Deposit Methods	Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
Withdrawal Methods	Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay

Pros:

• Spreads start from 0.0 pips.
• Trades are executed directly (Non-Dealing Desk) with no price changes or delays.
• Supports all trading styles, including scalping and automated trading.
• Offers extensive learning materials and market analysis.
• Customer support is available in multiple languages through phone, chat, email, and social media.

Cons:

• Does not have its own trading platform.
• Offers a limited variety of tradable assets.
• Not open to investors based in the United States.

Tickmill Review 2024: Everything You Need to Know About This Broker

Trading platforms are like fishing rods; the right one can help you reel in the big catch, while the wrong one leaves you stuck in murky waters. Tickmill is a name that often pops up in conversations about reliable brokers. But is it as good as they say? Let’s dive deep into this Tickmill review to find out.

What is Tickmill?

Tickmill is a global broker that caters to traders of all experience levels. Founded in 2014, it’s well-known for its tight spreads, fast execution, and customer-friendly policies. Regulated by top-tier authorities like the FCA in the UK and CySEC in Europe, Tickmill aims to provide a seamless trading experience.

Regulation and Safety: Can You Trust Tickmill?

When you trade, your hard-earned money is on the line. So, is Tickmill trustworthy? Absolutely. Tickmill is regulated by several financial authorities, including:

• FCA (UK): Ensures strict compliance with trading standards.
• CySEC (Europe): Adds a layer of protection for European traders.
• FSCA (South Africa): Offers peace of mind to African users.

These regulatory bodies enforce rigorous measures to protect your funds, like segregating client accounts and providing negative balance protection. So yes, Tickmill plays by the rules.

Account Types: Which One Suits You Best?

Tickmill offers three main account types tailored for different trading needs:

1. Classic Account

• Designed for beginners.
• Zero commission but higher spreads starting at 1.6 pips.

2. Pro Account

• Best for experienced traders.
• Spreads start at 0.0 pips with a $2 commission per side.

3. VIP Account

• For high-volume traders.
• Requires a minimum balance of $50,000.
• Lower commissions ($1 per side).

Trading Platforms: Where Tickmill Falls Short

If you’re looking for flashy proprietary platforms, Tickmill might disappoint you. It offers the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5). While these platforms are robust and feature-rich, they lack the uniqueness of custom-built solutions. Think of it as using a generic toolbox—it gets the job done, but it’s not tailored to your specific needs.

Spreads and Commissions: Is Tickmill Cost-Effective?

Tickmill’s spreads start as low as 0.0 pips on Pro and VIP accounts. Combine this with their competitive commission structure, and you’ve got a broker that’s light on the wallet. For example, a EUR/USD trade might cost you just $4 per round lot on the Pro account.

Non-Dealing Desk Execution: What Does It Mean for You?

Tickmill uses a Non-Dealing Desk (NDD) execution model. In simple terms, your trades go directly to the market without interference. No requotes, no delays—just fast, transparent trading. It’s like ordering food directly from a chef rather than going through a waiter.

Tradable Assets: Limited Choices

Here’s where Tickmill could improve. The platform offers:

• Forex: Over 60 currency pairs.
• Commodities: Gold, silver, and oil.
• Indices: Global indices like the S&P 500 and FTSE 100.

However, you won’t find stocks, cryptocurrencies, or ETFs here. If you want a buffet of trading options, you might have to look elsewhere.

Educational Resources: A Treasure Trove for Learners

Tickmill’s educational offerings are impressive. You’ll find webinars, eBooks, video tutorials, and market analysis to boost your skills. It’s like having a personal coach who ensures you’re not just throwing darts in the dark.

Customer Support: Multilingual and Accessible

Need help? Tickmill’s customer support is available via:

• Phone
• Live Chat
• Email
• Social Media

Support is offered in multiple languages, making it convenient for traders worldwide.

Bonuses and Promotions: A Sweet Deal?

Tickmill occasionally runs promotions like cashback and trading contests. While these aren’t a deal-breaker, they’re a nice cherry on top.

How Does Tickmill Compare to Competitors?

While Tickmill shines in cost-efficiency and regulation, competitors like eToro and IG offer broader asset choices and proprietary platforms. It all boils down to what you prioritize in a broker.

Tickmill is a reliable broker with tight spreads, fast execution, and a strong focus on safety. However, it’s not for everyone. If you’re looking for a low-cost platform to trade Forex and a few other assets, Tickmill is a great choice. But if you want a broader range of assets or fancy trading tools, you might want to explore other options.