Tickmill is a new player among the brokers and online trading world since the company established in 2014 with its headquarter in London, UK as well offices in Seychelles. Tickmill strives to innovate a unique trading experience to their clients while understanding traders’ rights as the major part of the trade, for this purpose company continuously facilitates trading conditions.
Indeed, the broker develops rapidly and their yearly achievements are quite impressive. Recently Tickmill management responsibilities expanded, since additional part to “Tickmill family” been added in the name of a Tickmill Europe Ltd(ex Vipro Markets Ltd).
Tickmill Europe Ltd is fully licensed to provide the investment services of Agency Only Execution which deliver high-grade trading instruments 62 currency pairs, Cryptocurrencies (opportunity to trade CFD on Bitcoin, with margin 20% and 0 Commission per side, per 1 CFD)Bonds, CFDs and Precious Metals, with a minimum deposit requirement of only 25$, fluctuating spreads from 0.0 pips, some of the lowest commissions in the industry and no requotes, delays or interventions policy.
Tickmill as a new company has grown rapidly throughout only a few years so that the broker has been recognized by industry publications. Along with that Tickmill constantly runs a range of fascinating promotions, which helps to boost trading and enhancing even beginning traders possibilities.
Is Tickmill safe or a scam?
Tickmill is a multiply regulated broker is various jurisdictions, thus considered a safe broker to trade with. Tickmill trading name of a Tickmill UK Ltd and Tickmill Ltd Seychelles regulated as a Securities Dealer. The broker authorized and regulated by two major UK Financial Conduct Authority and by the Financial Services Authority of Seychelles, hence either entity includes strict regulations.
To ensure security and transparency of transactions Tickmill keeps clients’ funds in segregated accounts with trusted financial institutions, as per FCA regulations. In addition, clients are covered by the FSCS with investments up to £50,000.
Like most brokers the broker using as mainstay trusted and well-tried MT4. Trading platform available on desktop or tablet, in web or on the go with a smartphone. As well, though many among the brokers do not allow stop and limit orders placing close to market prices, Tickmill allows so.
However, the platforms have been enhanced with the span of useful tools:
Autochartist – powerful technical analysis tool with automatic recognition feature
Myfxbook AutoTrade – allows following of the strategies developed by the successful trader
One Click Trading – trading through EAs (by the company statistics about 63% of the executes are placed by algorithms and EAs)
Tickmill VPS – keeps EAs and signals active even while the trader is offline
Forex Calendar – plugging market insights and news
Forex Calculators – displays currency converter, margin calculators, etc.
Tickmill striving to reach the success trading among their client, hence they do not impose restrictions on profitability and allows all trading strategies including hedging, scalping and arbitrage.
Tickmill clients can benefit from the various types of accounts with quite competitive trading conditions. Tickmill contends attractive packages and a new way of trading with low market spreads, no requotes, transparency and innovative trading technology. There are 3 main Account types in TIckmill’s proposal.
Islamic or Swap-Free Account, been added to the broker features recently too. These accounts comply with the Sharia law, which has exactly the same trading conditions and terms, but there is no swap or rollover interest on overnight positions, that is against the faith.
For a better understanding of the Tickmill pricing model and spread see the table below, yet as mentioned before according to the type of account trader will enjoy lower costs along with some commission per trade.
You can also compare Tickmill trading fees to another popular broker Forex CT.
Tickmill Fee Terms – Standard
Crude Oil WTI
The overnight fee should be considered as a cost as well, e.g. EURUSD swap for long position is -11.742 while for short is 6.693 US$.
Being a UK and European based regulated broker Tickmill follows strict guidelines set by the European authority ESMA. A recent update from the European regulator set a limitation towards maximum offered leverage levels, as ESMA recognized a potential risk in case very high leverage is used.
Therefore, clients of Tickmill Europe may use leverage up to 1:30 for Forex products, 1:5 for CFDs and 1:10 for Commodities.
Nevertheless and since Tickmill serves entity through Seychelles as well, the clients with opened account under this jurisdiction may enjoy high level of leverage.
Deposits and Withdrawals
For the Deposit or Withdrawal options broker using convenient methods with perform payments with ease and diverse.
Payment options including popular Bank Transfers, Credit/ Debit Cards, E-wallets Neteller, fasapay, UnionPay, dotpay, NganLuong. vn (only for clients of the Tickmill Ltd Seychelles) with available currencies USD, EUR, GBP, PLN.
The minimum allowed deposit is 100$, which is a fantastic opportunity for the trader of even very small size, in reverse 10$ is set for withdrawals.
Moreover, at Tickmill a zero fee policy is employed, where no charges or fees applicable to monetary transactions. All deposits from 5,000$ also including zero fee policy and all fees up to 100$ will be covered.
Overall, Tickmill inviting clients with their attractive features such as a low minimum deposit (only 25$), technical solutions, a great range of instruments and interesting promotional campaigns. Moreover, the company’s strive to achieve targets quickly and effectively while posing Tickmill as a high-tech and trustable Forex broker, either to start or to gain new apex with.
The fact that the company been established only in 2014 and until now became one of the industry progress which stand in the leaders’ row, definitely means a lot. Also considering the fact, that company recently grow by establishing a branch of Tickmill Europe Ltd, which been done by the purchase of Vipro Markets Ltd.
Thus, Tickmill should be strongly considered while choosing the broker with whom a trader or investor will start his journey to the financial markets.
Nevertheless, it is always good to know your opinion about Tickmill which you may share in the comment area below.
Share this article [addtoany url="https://55brokers.com/tickmill-review/" title="Tickmill"]
Global provider of FX and CFD brokerage services Tickmill has announced that it has sponsored the Kyrenia Triathlon Team at the IRONMAN Austria, one of the most exciting races in the world. Known to be one of the greatest challenges of endurance that Triathlon has to offer, IRONMAN Austria took place on 7th July 2019...
Tickmill as a relatively new player among the brokers that offers its services 2014 but already showed its significant impact on the trading industry by the number of clients and gains they report. The rapid development of Tickmills’ trading environment recently brings the fantastic achievement of a record increase in Net Profits consolidated for 3...