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TickMill review and ratings

Established 2015
Location UK Cyprus Seychelles
Regulation FCA, CySEC, SFSA
Offices London, Limassol, Mahe
Broker type STP | ECN
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 25 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Bonds
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Qiwi DotPay

Company information

TickMill group includes 3 related companies.

TickMill UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
TickMill CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
TickMill SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

TickMill group accepts clients from all over the world, excluding USA, Cuba, Iraq, Myanmar, North Korea and Sudan.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
1 Crypto Pair Based on Bitcoin.
15 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
1 Energy CFD Based on Crude Oil (WTI).
4 Bond CFDs Based on German government securities.

Comprehensive review

Tickmill is a broker established in 2015, operating out of its offices in London, Cyprus (Limassol), and the Seychelles (Mahe). The broker is regulated by the financial regulator CySEC in Cyprus and by the UKs Financial Conduct Authority (FCA), which means that it is a safe choice for traders from all around the world who is looking for a trusted and reliable forex broker to trade with.

Tickmill’s website immediately gives the impression that it is a serious, transparent, and modern forex and CFD broker, with an easy-to-use interface and information about all aspects related to trading.

The trading platforms offered by Tickmill includes the standard MetaTrader 4 (MT4) downloadable trading platform, as well as the web-based version of the same platform – ideal for Mac users and others who cannot use the desktop version of the trading platform.

When it comes to trading accounts, Tickmill offers its clients the choice between a long range of accounts, including:
– Classic account with commission-free trading
– Pro account with tighter spreads and commission-based trading
– VIP account with ultra-low commissions and minimum balance of USD 50,000
– Professional account with more leverage
– Islamic account compliant with Sharia law
– Demo accounts with virtual money for practice

Tickmill doesn’t disappoint when it comes to its selection of trading instruments either, with choices ranging from forex to bitcoin CFDs, in addition to the usual selection of CFDs based on stock indices, energies, gold & silver, and German government bonds.

Spreads and other trading costs are generally low across account types, with spreads going as low as 0.0 pips on the EUR/USD currency pair. Over the years, the competitive offering has paid off for the broker too, pushing through a trading volume of USD 434.8 billion and 29.8 million trades executed in 2016 alone.

Leverage offered by Tickmill is generally very good with up to 1:500 leverage, although EU-based clients are subject to a maximum leverage of 1:30 in accordance with EU rules.

As an added benefit, Tickmill offers promotions such as trading contests and welcome bonuses for new traders. Among the best offers is a Welcome Account where new traders can receive to trade with even without making any deposit. Profits made on the amount can then be withdrawn, meaning this is the closest a trader may ever get to risk-free trading.

Another promotion by the broker is its “Trader of the month” contest, where the broker each month selects one trader based on profitability and his risk management record, and rewards him with a ,000 prize. Each winner is featured on the website with an interesting interview that reveals the general strategy used by the trader and tips for beginners who wish to replicate the winner’s success.

The broker also offers access to popular tools such as the Autochartist package free of charge, as well as its own VPS server with a guaranteed 100% uptime to let traders keep their trading signals and algorithms active on the MT4 platform even when they are offline.

Customer support is available in both of the two jurisdictions where the broker is regulated; the UK and the Seychelles via phone Monday to Friday from 7 AM to 8 PM UK time (GMT), as well as email.

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