Historical Background and Foundation
Established in 2014, Tickmill could promptly earn its credibility as a prime forex and CFD broker. Tickmill's advantage lies in its focus on clients that perform trades, mainly by competitive trading terms and one of the fastest executions in the market, putting customer satisfaction and transparency at its center goal in client service services in many parts of the world.
Mission and Vision
Tickmill's mission statement is to make trading a seamless and secure experience by providing advanced tools, exceptional pricing, and top-of-the-line customer support. The vision of Tickmill is to provide services not only regionally but also spread across a global magnitude with innovative technology and services to revolutionize the forex industry.
Global Presence
Tickmill has operations situated in London and has branches in several different regions in Europe and Asia including Africa to reach clients from over 200 countries worldwide with multilingual support and provision in most cases.
Strength and Weakness Count
Pros
- Multiple top-tier regulations
- Average execution speed of 20 milliseconds
- Below-average trading fees
- Selection of platforms
- Choice of trading instruments
- Robust supporting content and tools
Cons
- Limited Asset Variety: The offering of investments is less diverse with only 63 forex pairs and 725 tradeable symbols
- No Proprietary Platform: Lacks a proprietary platform, which might be a drawback for traders looking for a unique trading experience
Security and Regulations
Licenses Holding
Tickmill is regulated by top authorities like the Financial Conduct Authority (UK), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) from South Africa.
Fund Separation and Insurance
It segregates the client's funds into a top-tier banking system, creating differentiation and ensuring that the deposit made by the client is protected. The broker also mentions negative balance protection for the traders so that they can be saved by the broker from losses that exceed deposited amounts.
Negotiable Instruments
Currencies
Tickmill offers more than 60 currency pairs, including major, minor, and exotic pairs, with very tight spreads and leverage of 1:500.
Commodities
Trading gold, silver, crude oil, and natural gas are accessible with flexible trading conditions.
Indices
By far, one can trade most global indices like NASDAQ, S&P 500, FTSE 100, and DAX to exploit the mega impulses of the financial market leading times.
Cryptocurrencies
Tickmill has very limited options for trading cryptocurrencies. It primarily concentrates on core ones, including Bitcoin, and Ethereum.
Accounts Offered
Classic
| Minimum deposit | 0 |
|---|---|
| Commission | 1.6 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 30 |
Raw
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 30 |
Transaction Charges
Spreads and Commissions
Starting from 0.0 pips, Tickmill extends spreads on its Pro and VIP accounts. Besides, the commissions for these two accounts suggest that the minimum is two dollars per lot. The spreads get higher with the Classic Account but are commission-free.
Swap Fees
The costs that can be placed on overnight positions are certainly publicly declared. Islamic accounts are free from the swap fee.
Inactivity Fees
The brokerage typically assesses an inactivity fee on those accounts that have been dormant for a long period, a normal course of business for Tickmill's policy.
Trading Platforms
| Available tools | Forex, Commodities , Share CFDs, ETFs, Indices, Bonds, Futures and Options |
|---|---|
| Cryptocurrencies | ETH, BTC, LTC, XRP, ADA, XLM, EOS, LINK, SOL |
| CFD | Forex: 62 Indices: 20 Metals: 8 Energy: 2 Commodities: 5 Bonds: 4 Cryptocurrency: 12 |
MetaTrader 4 and 5
The vast majority are able to offer facilities for both MT4 and MT5. With a variety of leading indicators, agglutinated graphics platforms, and algorithmic trading capabilities, Tickmill certainly affords them.
Mobile Trading Apps
Trade while traveling thanks to the mobile applications for iOS and Android specially constructed by Tickmill. Management of the account is possible, and real and present trading conditions are shown in real-time.
WebTrader
Trade direct through your web browser reaping all the benefits of essential trading features without making a download from WebTrader platform.
Customer Support
Procedures to Sign Up
The sign-up procedure can be achieved very easily. You can just fill out an online application after selecting the account type and produce/submit the documentation required for one's record keeping.
The Requirements for Verification
The regulatory requirements for identification with Tickmill necessitate the submission of either a passport or a government-issued ID and proof of address (utility bill or bank statement).
Deposits and Withdrawal
Methods of Payment
Numerous payment options are accepted by the broker, including bank transfer, credit/debit cards, and other e-wallets such as Skrill, Neteller, and PayPal.
Transaction Time
Deposits are instantly handled, with withdrawal processes lasting between 1-3 days, depending on the selected payment method.
Costs Involved with Transactions
Costs are normally levied according to the mode of payment; however, the withdrawal process itself could be made less costly based on the chosen system. Further elaboration on this point may be obtained from the broker.
FAQs
Is the broker regulated?
Yes. It is regulated by FCA, CySEC, FSCA.
What platform(s) can I trade on?
Tickmill has options of trading with MetaTrader 4, MetaTrader 5, WebTrader, and through its mobile trading applications for iOS and Android.
What is the minimum deposit required to open an account?
The broker categorizes accounts for all trading purposes as Classic, Pro, VIP, and Islamic, with a minimum amount set at $100.
What are the types of accounts available at the broker?
Tickmill offers various account types: Classic, Pro, VIP, and Islamic.
Is there a cost for commissions form to be settled?
Commissions on Pro and VIP accounts are attributed as spreads, while the lowest commission charge is around $2/lot in commission.
What is the highest leverage trading allowed? What is the leverage limit for the trading accounts available at Tickmill?
Nothing else but the regular maximum 1:500 leverage alongside the trading accounts Tickmill offers across regulated jurisdictions.
Are demo accounts available?
Yes, demos can be ordered on Tickmill for practice purposes of testing strategies.
How do I connect with the helpdesk?
Tickmill covers customer care for any range of issues. Requests for assistance can be raised over live chat, via an email, or through the telephone, with the option of paving way for multilingual customer service for the above-said reasons.