First introduced to traders in 2014, Tickmill currently serves clients across the globe with its own accessible blend of online trading services designed to promote education and maximize user functionality. Founded by a knowledgeable team of professionals with decades of experience, Tickmill is passionate about supporting its clients’ interests. Evidence of this dedication is clear from the countless honors awarded to Tickmill including the prestigious “Most Trusted Broker in Europe” from Global Brands Magazine in 2017, “Best Forex Execution Broker” from the UK Forex Awards in 2018, and “Most Transparent Broker” from Forex Awards in 2019.
Tickmill’s reputation is in large part a function of its highly respected trading conditions which prioritize speed of execution, highly competitive spreads that start from 0.0 pips, no-dealing desk execution, no requotes, and the acceptance of any and all trading strategies. Accordingly, investors have embraced this model of service, with over 130 million trades executed in 2018 alone across more than 200,000 registered accounts. Beyond trading conditions, Tickmill emphasizes education and knowledge through a range of resources. The inclusion of helpful technical and fundamental analysis along with abundant educational materials ensures that clients are fully prepared to enter financial markets with the confidence and security needed to thrive.
Pros and Cons
Pros
- Spreads Start as Low as 0.0 pips
- Non-Dealing Desk Trade Execution with No Requotes
- All Trading Strategies Welcome Including Scalping and Algorithms
- Expansive Educational Offerings and Analysis
- Multilingual Customer Support Via Phone, Chat, Email, Social Media
Cons
- No Proprietary Trading Platform Offered
- Limited Number of Tradeable Assets
- US-Based Investors Are Not Permitted to Join
Recommended For
As an online ecosystem founded by experienced professionals, Tickmill reflects this degree of understanding with a carefully constructed ecosystem that capably fulfills the demands of both inexperienced and professional investors. Starting with the platform’s high degree of accessibility, beginners without investing experience will find the affordable trading conditions, intuitive trading platforms, and ample educational materials especially relevant for learning the basics. The addition of helpful tools like one-click trading, Autochartist, and fundamental and technical analysis all go a long way towards increasing confidence and bolstering novices’ abilities.
More advanced users will appreciate the ability to implement any trading strategy, with all strategies including arbitrage, hedging, scalping, and algorithmic options invited to join the platform without restriction. Although traders who prefer more advanced trading technology might not find MetaTrader 4 to be extensive enough to suit their personal preferences, access to the FIX API and even a Prime brokerage model ensures that sophisticated and institutional investors have applicable options available. Stellar execution, raw spreads for higher account tiers, and no-requotes contribute to a thriving trading ecosystem that is capable of leveling the playing field of global financial markets for all Tickmill clients.
Top Features
- Tight Spreads Starting From 0.0 Pips: The highly affordable and competitive trading conditions offered by Tickmill mean that variable spreads in Pro and VIP Account types start as low as 0.0 pips for major FX pairs.
- Commission-Free Stock Indices, Oil, and Bonds: Across all account types, there are no commissions for trading CFDs tracking major global stock indices, oil futures, and bonds. Commissions for Pro and VIP accounts are still very affordable given that spreads in these account types can start as low as 0.0 pips.
- Ultra-Fast Trade Execution: Trades placed via the Tickmill platform’s non-dealing desk model are executed on average within 0.15 seconds. Moreover, FIX API access means speedy execution for traders with algorithmic strategies and EA users.
- No Requotes: Even during periods of heavy volatility during news and other major market announcements, Tickmill clients benefit from no requotes when placing orders across the broker’s asset offerings.
- All Trading Strategies Welcome: Tickmill permits the usage of all trading strategies including hedging, scalping, arbitrage, algorithmic strategies, and even EAs, inviting investors with all tactics and styles to appreciate the purposefully built trading ecosystem.
Overview
- Type of Broker Hybrid (Market-Maker & STP Broker)
- Regulation & Licensing The Financial Conduct Authority (UK), Cyprus Securities and Exchange Commission, Seychelles Financial Services Authority
- Accepted Jurisdictions 140+
- Assets Offered Currencies, Commodities, Indices, Bonds
- Platforms Available MetaTrader 4 (Desktop, Web, Mobile)
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit/Debit Card, Bank Transfer, Skrill, Union Pay, Neteller
Account Types
|
Features |
Classic Account |
Pro Account |
VIP Account |
|
Account Currencies |
USD, EUR, GBP, PLN |
USD, EUR, GBP, PLN |
USD, EUR, GBP, PLN |
|
Available Leverage |
Up to 500:1 |
Up to 500:1 |
Up to 500:1 |
|
Minimum Deposit |
$100 |
$100 |
$50,000 |
|
Starting Spreads |
From 1.6 pips |
From 0.0 pips |
From 0.0 pips |
|
Commission Per Trade |
0 |
$2 per side for FX
|
$1 per side for FX |
|
Decimal Pricing |
Up to 5 decimals
|
Up to 5 decimals
|
Up to 5 decimals
|
|
Swaps/Rollovers |
Yes |
Yes |
Yes |
|
Trading Instruments |
62 FX Pairs 4 Commodities 14 Indices 4 Bonds
|
62 FX Pairs 4 Commodities 14 Indices 4 Bonds
|
62 FX Pairs 4 Commodities 14 Indices 4 Bonds
|
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
|
Max Lot Size Per Trade |
100 |
100 |
100 |
|
Demo Account |
Yes |
Yes |
Yes |
|
Swap/Rollover Free |
Yes |
Yes |
Yes |
|
Copy Trading Support |
Yes |
Yes |
Yes |
Compliance & Regulation
To build a highly accessible online trading platform, Tickmill has acquired licensing and regulation in three major jurisdictions to attract investors. Tickmill is regulated by the United Kingdom’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). Moreover, Tickmill is registered with BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. To comply with licensing requirements, Tickmill must adhere to all the applicable Know Your Client (KYC) and Anti-Money Laundering (AML) checks.
Beyond these standard measures, Tickmill keeps client funds segregated from the company’s operational accounts in Tier-1 bank institutions to ensure an extra layer of security for clients. Additionally, Tickmill has implemented advanced data security measures including encryption and regular back ups to properly protect client information and data. UK-based investors are also insured for up to GBP 85,000 through participation in the Financial Services Compensation Scheme while European traders are covered by the Investor Compensation Fund for an amount up to EUR 20,000 per account. Furthermore, all accounts offered by Tickmill offer negative balance protection, meaning that clients are not liable for trading losses amounting to more than the capital deposited into their trading accounts.
Pricing
Beginning with the circumstances for depositing and withdrawing funds to the platform, Tickmill is very clear about the associated conditions and fees. Credit and debit card deposits along with all electronic payment methods incur no deposit or withdrawal fees if the minimum amounts are satisfied. The minimum deposit is $100 whereas the minimum withdrawal amount is $25. Wire transfers depositing less than $5000 will be assessed bank fees, all of which are waived and covered by Tickmill for amounts above $5000.
In terms of trading spreads and applicable swaps, Tickmill is very upfront about the minimum spreads, the typical spreads, and also the swaps for long and short positions which are posted directly on the website itself for each corresponding asset class. Swap and rollover-free Islamic accounts are also available upon request for clients who prefer these account types. Additionally, margin and leverage rates are posted directly to the website for the utmost transparency about associated platform fees and charges.
Finally, there are commissions that accompany trading in the Pro and VIP Account options amounting to $2 per side for each lot and $1 per side for each lot respectively. These commissions only pertain to a limited number of instruments, with stock indices, oil, and bonds excluded from paying trading commissions for each of these account types. Users with Classic Accounts do not pay commissions for any trades placed on the Tickmill platform, however, the starting spreads in this account are slightly higher when compared to Pro and VIP Account types.
Reliability & Security
To ensure uninterrupted access to global financial markets, Tickmill takes great lengths to provide a secure and reliable trading experience for clients. Apart from the technological and cybersecurity measures in place for protecting order flow, client data, and payment details, Tickmill’s trade execution model is designed to deliver maximum value for investors. It begins with the firm’s hybrid execution model that involves both market-making and straight-through processing.
The non-dealing desk model greatly eliminates the potential for conflicts of interest with client objectives and moreover, the internal measures taken to avoid conflicts goes a long way towards instilling confidence in Tickmill’s services. Beyond the straightforward trade execution model is the high-quality execution itself. With trades on average executed in 0.15 seconds with no-requotes, both inexperienced and professional clients can take advantage of excellent conditions for market, limit, and stop orders.
Moreover, professionals and institutions can appreciate the presence of FIX API access for even better connectivity for Expert Advisors and algorithmic strategies while institutions seeking the best conditions can explore Tickmill’s prime brokerage options. The inclusion of negative balance protection means that clients cannot lose more than the value of their deposits. Taking all of these efforts into consideration, Tickmill stands out for demonstrating its unwavering commitment to dependably and consistently delivering steadfast access to financial markets on behalf of clients.
User Experience
One of the areas where Tickmill really excels is the emphasis on providing a streamlined yet intuitive experience that focuses on adding the most value for platform clients. The onboarding process for prospective Tickmill clients is very straightforward, involving two quick registration forms and the standard compliance procedures which verify a user’s proof of address and proof of identity documentation. Once approved, users can begin accessing all of the User Area’s functionality including the Forex Tools, AutoChartist Tool, and access to the trading platforms including a download button for MetaTrader 4 and option to the launch the Tickmill WebTrader browser platform.
In terms of investing, Tickmill is extremely focused on delivering swift execution across account types without any conflict thanks to the non-dealing desk trade execution model. Additionally, the FIX API and VPS options available support for more advanced connectivity, better uptime, and low-latency trade processing that can handle more sophisticated algorithmic strategies and Expert Advisors. Tickmill’s focus on providing frictionless trade execution does not go unnoticed, making it an exceptional destination for engaging in any trading strategy. Trading is handled exclusively via MetaTrader 4 desktop, web, and mobile applications, which provides a robust and reliable trading experience with all the necessary tools and features for both beginners and advanced users to thrive.
Another important distinction is Tickmill’s emphasis on knowledge. Its educational materials cover a range of different subjects, and when combined with daily Market Insights, webinars, seminars, video tutorials, regularly updated technical and fundamental analysis articles, and more, traders of all experience levels can gain valuable knowledge and wisdom for capturing opportunities and realizing returns across global markets. Should clients encounter any difficulties or have questions, the accommodating Tickmill support team is available by phone, email, and live chat Monday through Friday from 7:00 AM until 8:00 PM GMT. These knowledgeable representatives are able to provide service in 14 languages to cater to clients’ needs. For those comfortable uncovering their own answers, the FAQ hosted on the website is full of useful information addressing common inquiries and important subjects.
Final Thoughts
As an award-winning industry leader in the online trading arena, Tickmill backs up its strong reputation with a smart blend of outstanding trading conditions, plentiful investor resources and tools, a competitive cost structure, and above all, transparency. For both newcomers and experienced investors alike, Tickmill offers an inviting trading ecosystem that is designed to support users in reaching their investing goals. This starts with welcoming environment that provides immense added value in the form of learning materials, regularly updated research and market insights, sophisticated analysis tools, and quality execution. Furthermore, the non-dealing desk order model ensures no requotes along with the absence of conflicts of interest without compromising on execution speed.
When combined with accessible customer support, a range of popular tradeable global assets, and the in-person and online resources like seminars and webinars, Tickmill skillfully demonstrates its dedication towards championing the interests of clients. With a regulatory compliant environment, acceptance of any and all trading styles and strategies, and technology solutions that even cater to the delicate needs of institutional clients, Tickmill manages to adeptly put client interests first. Accordingly, investors seeking an award-winning experience that prioritizes their needs will appreciate Tickmill’s proficient and reliable online trading services.
Trading Platform Screenshots
Contact Info
FAQs
Q: If I’m a European client how can I access higher leverage than the ESMA approved limit of 30:1?
A: Although leverage is capped at 30:1 for most European investors due to ESMA restrictions, individuals that can meet certain eligibility criteria as professional investors with experience are able to access leverage that stretches as high as 500:1. The criteria for applying for this status includes two of the following: demonstrating professional experience in the financial services industry, executing 10 or more trades per quarter for the prior 4 quarters, or managing an investment portfolio that matches or exceeds EUR 500,000 in assets and cash. Simply access the Client Categorisation option in the Client Area, complete the application form, and await approval.
Q: Are all Tickmill accounts insured?
A: No, not all Tickmill accounts are insured. Clients of the Tickmill FCA and CySEC-regulated entities benefit from participation in the Financial Services Compensation Scheme (FSCS) which insures UK accountholders for up to GBP 85,000 and the Investor Compensation Fund (ICF) which entitles European clients for up to EUR 20,000 in coverage for securities and cash in the event of broker insolvency. However, clients of the Seychelles-regulated Tickmill services are not eligible for either of these programs.
Q: Are scalping and hedging permitted on the Tickmill platform?
A: Yes, Tickmill supports all available strategies. This means that users who engage in scalping and hedging are allowed to practice their strategies on the platform. Moreover, there is also functionality for implementing algorithmic trading strategies with exceptional connectivity via available Virtual Private Servers and FIX API access.
Q: How can I access the promotions and bonuses available from Tickmill?
A: Bonuses and promotions are limited to Tickmill Seychelles clients and not available for UK or European customers. The $30 welcome bonus is available without a deposit for clients who register for and open the Welcome Account. Moreover, traders can win up to $500 for predicting asset prices correctly after the monthly US Non-Farm Payroll is released and a $1000 prize for the “Trader of the Month” who demonstrates success and good risk management skills.
Q: Does Tickmill provide an Islamic Account option?
A: Yes, upon request, clients who prefer Shariah-compliant account options for religious reasons can setup trading accounts that are absent swap and rollover interest on overnight positions that otherwise benefit from the same conditions available to all other Tickmill clients.
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