Regulated by: FCA, CySEC, Seyschelles FSA
Headquarters: United Kingdom
Tickmill Review & Author's Comment
Is Tickmill Reliable?
One of the best CFD and Forex brokerage firm, Tickmill was launched back in 2011 to provide traders with a great trading experience. With its headquarters located in both UK and Seychelles, the company offers its clients a wide range of account choices with respect to the status of tax and location.
The UK headquarters is located in London and the accounts registered to this office are controlled by the Financial Conduct Authority or FCA. The best thing about the UK accounts is that they come with protection up to an amount of £50,000 deposit. Seychelles Financial Services Authority or FSA regulates the Seychelles accounts of Tickmill.
The best thing about Tickmill is that it offers you to trade in a large variety of instruments listed under CFDs including four different German Government bonds. Apart from the government bonds, you will also be able to trade on more than 62 currency pairs, commodities like gold, silver, crude oil, 15 different equity indices and also Bitcoin when with US dollar. As a matter of fact, all the trading instruments are equally available for both UK as well as Seychelles accounts. The only difference lies in the requirement of minimum deposit. Furthermore, the maximum leverage that is available for UK accounts is 30 to 1 as per regulations of ESMA. On the contrary, the maximum allowable leverage in Seychelles is up to 500 to 1.
Tickmill Account Types
One of the most helpful things that the brokerage firm does is to offer new clients with a demo account which is free of any risk. Apart from the complete access to the MT4 platform, the demo account also provides you with all the assets that can be traded. Apart from that, the demo account also shows the real-life volatility as well as prices to help you to get acquainted with the market.
With Tickmill, you will also be able to choose from at least 5 different real money account types.
Out of all the accounts that Tickmill offers, the Classic account is undoubtedly the most accessible. The classic account is obviously an entry level account which allows you to enter the trade without having to spend much money on deposit or commissions. The minimum amount that you need to deposit is 100 of whatever the base currency you choose. The maximum leverage that you can obtain from this account type is 1:500 with the spread starting from 1.6 pips. Furthermore, the trade execution on this account type is of NDD variety.
The Pro account type, on the other hand, provides you with a much-improved spread. While you need to pay a commission of 2 per side on every lot, the spread starts from 0 pips with a maximum leverage of 1:500.
If you can manage to maintain a minimum balance of 50,000 base currency then you are qualified enough to open a VIP account. While the commission for this account is just 1 for every side and every lot, the spread starts from 0 pips and the maximum leverage is 1:500 too.
Tickmill also allows traders to become professional clients if they can log high trading volumes. However, there are a few conditions that you must fulfil to become a professional client.
First of all, you need to have a very impressive portfolio which needs to exceed the amount of EUR 500,000. Secondly, you need to have a trading volume of 10 trades in every quarter over the past four quarters. Lastly, you need to have a working experience of at least a year in the financial sector to become a professional client of Tickmill.
Tickmill also allows you to open an Islamic account which is fully compliant to the Sharia Law. To have an Islamic account, you will have to open any of the aforementioned accounts and request the brokerage to convert it into an Islamic account. The trading conditions for the Islamic accounts are same as the previously mentioned account types.
Tickmill Customer Support
Tickmill is especially popular for its extraordinary customer support. It offers you with robust customer support in 14 different languages through phone calls, Live chat, social media, email and call back request.
The support team takes only 5 minutes to respond to Live Chat. On the other hand, it usually takes an hour to get responded on the social media posts. Furthermore, the callback requests are obviously attended within the same business day. So, you will not have to worry about getting helped by the support team.
Tickmill Trading Platforms
Similar to several other Forex brokers, Tickmill also provides you with highly advanced as well as user-friendly MT4 trading platform which is also available in Mac as well as Windows OS, Android, iOS and web-based versions.
MT4 has undoubtedly remained the most popular trading platform since 2005. This trading platform offers you a completely user-friendly interface along with all the tools that you require including technical indicators, charting packages, Expert Advisors and a highly advanced backtesting environment.
Moreover, Tickmill has also collaborated with Myfxbook to provide you with advanced trading options through the AutoTrade platform. The brokerage also offers their clients with VPS service so that they can install their preferred EAs and run them on any device. You will be able to acquire the VPS package at an expense of £20 per month.
Tickmill Deposit and Withdrawal Methods
If you have an account in Tickmill then you will be able to deposit and withdraw money through different channels.
The very first option that you will be able to use is the debit or credit cards. The thing that you need to note here is that only the cards issued by Visa and MasterCard are allowed. And it usually takes about one business day to process the payment.
You will also be able to deposit money through wire transfers. Moreover, the Vietnamese and Thai clients of Tickmill’s Seychelles branch are provided with the option of instant online bank transfers.
You will also be able to deposit money through Skrill, Neteller, PaySafeCard, Fasapay, China UnionPay, Dotpay, Qiwi Wallet, NganLuong and GlobePay. Out of these e-wallet options, DotPay, Skrill and Neteller are available on a global scale. Other options are specific to the clients of Seychelles.
The best thing about Tickmill is that it does not charge anything on withdrawals and deposits. Moreover, the lowest amount that can be withdrawn is $10.
Tickmill Bonus and Promotions
- $30 Welcome Bonus – $30 bonus shall be credited to your trading account when you open a real account. You do not have to deposit any more to get this bonus and the profits are withdrawable.
- Trader of the Month – Tickmill chooses the best among existing clients and award the best performing trader with a $1,000 prize every month.
- Tickmill NFP Contest – During every NFP week, Tickmill chooses one instrument during every US Non-Farm Payroll week and challenges traders to guess its price in MT4 platform at 16:00 which is 30 minutes after the NFP release. An exact hit shall be rewarded with a $500 bonus. In case of no exact hit, the trader with the closest prediction will get a $200 prize.
Tickmill Final Word
The brokerage understands that trading conditions are not similar across the globe. Thus, they have modified the offerings as per the location and economic conditions of their clients. Tickmill allows the traders to trade with Tickmill Seychelles if they need high leverage. And those who can comply with the regulations of ESMA can obviously join the UK or Europe branch of the brokerage. In other words, you will be able to achieve complete flexibility as a trader with Tickmill.
|Adress:||1 Fore Street, London EC2Y 9DT, UK|
|Phone:||+44 (0)20 3608 6100|
|Regulator:||FCA, CySEC, Seyschelles FSA|
|MAM / PAMM Account:|
|Funding Methods:||Wire Transfer, Credit Card, Skrill, Neteller, dotpay, paysafecard, SOFORT|
|Withdrawal Methods:||Wire Transfer, Credit Card, Skrill, Neteller, dotpay, paysafecard, SOFORT|
|24 Hours Support:|
|Languages:||Arabic, Chinese, English, German, Italian, Korean, Malaysian, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese|
|Spreads:||As low as 0.1 pips for EURUSD on Pro Account|
|Negative Balance Protection:|
|Accepts Clients from the US:|
1)$30 Welcome Bonus - $30 bonus shall be credited to your trading account when you open a real account. You do not have to deposit any more to get this bonus and the profits are withdrawable.
2)Trader of the Month - Tickmill chooses the best among existing clients and award the best performing trader with a $1,000 prize every month.
3)Tickmill NFP Contest - During every NFP week, Tickmill chooses one instrument during every US Non-Farm Payroll week and challenges traders to guess its price in MT4 platform at 16:00 which is 30 minutes after the NFP release. An exact hit shall be rewarded with a $500 bonus. In case of no exact hit, the trader with the closest prediction will get a $200 prize.
|Supported Platforms:||MetaTrader 4|