Tickmill Review 2019 | Is Tickmill a Scam or Legit Forex Broker?

Read our Tickmill review to find out if Tickmill is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.5/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features TICKMILL Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Tickmill.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Tickmill offers Online Financial Trading and Investment Services Such as Forex, Stock Indices, Commodities, CFDs, Precious.

Tradable Products: Tickmill offers trade in 60 currency pairs, 2 Metals, 17 Stocks and Indices, and 4 Bonds.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Tickmill is ECN, STP.

Features: Tickmill offers the MT4 platform which comes with inbuilt indicators, in-depth charting and EA’s which are electronic trading strategies for automated trading.

Executing Trades:

Tickmill allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Tickmill offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Tickmill recommended minimum capital is $100.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Tickmill is regulated by FCA UK, CySEC, FSA Seychelles. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Investor protection on Tickmill is done at three levels: regulation and account segregation, through negative balance protection and the regulator’s compensation fund.

Account currencies: Next lets consider the Account currencies each broker offers. Tickmill offers USD, EUR, GBP, PLN different account currencies for each account types.

Account Openning: Tickmill offers 3 types of accounts with spreads starting from 1.6 pips on EUR/USD in Classic account. The Pro account is the most popular.

Tickmill offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. Tickmill offers English, Russian, Chinese, Indonesian, Spanish, It.

Payment methods: Next lets have a look at each broker's payment options. Tickmill offers Bank Transfer, Credit/Debit Cards, Debit Card, Skrill, Ne different payment methods for each account types.

Deposit and withdrawal: Deposits and withdrawals can be made through credit and debit cards, bank wires and e-wallets. Tickmill charges no fees for transactions and processing time takes around a day.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Tickmill makes MT4, WebTrader available to clients.

Other

Trader Education
Tickmill offers webinars video tutorials and education articles.

Promotions
Tickmill offers a $30 welcome bonus which is available for clients of Tickmill Seychelles. They also offer trading contests. No bonuses on offer for Europe or UK branches.

Support
Contact Tickmill in 14 different languages over the phone, Live Chat or email.

Recup
Tickmill has recognized that traders all over the world do not have the same circumstances. Therefore, the product offering and trade conditions differ. Traders who want higher leverage can go to Tickmill Seychelles, while those who can play by the ESMA rules can go to Tickmill UK or Europe. This gives traders a lot of flexibility.

Final Thoughts
A drawback may be that the MT4 is the only platform offered. So traders who are not used to the MT4 may have some issues adjusting.

People Also Asked

Is Tickmill regulated?
Yes, Tickmill is regulated by top-tier regulators, FCA UK, CySEC, FSA Seychelles inclusive.
Where is Tickmill based?
Tickmill is based in London
How does Tickmill make money?
Tickmill charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Tickmill account?
With Tickmill you can deposit money via the following means; Credit Card, Neteller, QIWI, Skrill, Wire Transfer.
How do I withdrawal in Tickmill account?
Tickmill lets you request a withdrawal of funds from your account via the following means; Credit Card, Neteller, QIWI, Skrill, Wire Transfer.
What is the minimum deposit for Tickmill?
Tickmill has $100 minimum deposit.
What are the available account base currencies with Tickmill?
Tickmill trading accounts are offered in USD, EUR, GBP, PLN. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Tickmill?
Tickmill has a maximum leverage is 1:500 for professional traders.
How do I open an account with Tickmill?
Opening an account with Tickmill is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Tickmill use MetaTrader?
Tickmill platforms: Yes, Tickmill use MetaTrader as well as the following platforms: MT4, WebTrader
What type of broker is Tickmill?
Tickmill appears to be a ECN, STP broker which offers market access to a variety of traders.
Does Tickmill accept US clients?
No
Does Tickmill offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Tickmill: You can trade a wide variety of instruments with Tickmill: Forex, Stock Indices, Commodities, CFDs, Precious

Are you Satisfied with what They Offer?