Tickmill is an online forex and CFDs broker that was founded back in 2014 and is regulated in multiple jurisdictions by the FSA (Seychelles), CySEC (Cyprus), FSA (Labuan) and FSCA (South Africa).
You can diversify your investment portfolio by investing in more than 80 instruments. Tickmill offers you to trade in Forex, Commodities, Stock indices, Bond and Cryptocurrencies. The broker is offering the user-friendly MT4 and MT5 platforms to its clients for trading and investing online. All of the trading platforms are powered by innovative technology and advanced features to cater for traders and investors evolving needs.
Besides conventional trading tools, Tickmill equips you with modern trading tools like social trading and copy trading. You have the facility of up to date fundamental and technical analysis along with video tutorials, eBooks and webinars. Tickmill keeps you well-informed of the market and helps in making informed market decisions.
Tickmill provides premium trading products and services with transparency and innovative technology. With a proven track record of strong financial results and stable growth, Tickmill has put itself in an enviable position as a trusted market leader and innovator.
Client funds are held in segregated accounts with top-tier banks while Negative Balance Protection is also provided. The Tickmill multilingual team of professionals remains by your side to ensure you receive expert support in a timely manner.
Get access to 80+ instruments with spreads as low as 0.0 pips, some of the lowest commissions on the market and one of the industry’s fastest execution times – 0.20s on average and no requotes.
Tickmill provides a simple, secure, and transparent trading model. They are registered with top tier regulators including the FCA and CySEC. The access to trade over 80+ assets on MT4 & MT5 provides a handsome portfolio for traders. The broker offers trading with minimal trading costs. The broker has over a decade of experience in providing trading services. Multiple funding options make it easy for clients to deposit and withdraw.
On the other hand, Tickmill limited base currencies to deal with. The company is not public; therefore, it does not disclose its financial information. It does not offer cryptocurrencies deposits and withdrawals. The customer service is available 24/5 only and thus, not on weekends as is the case with some brokers.
Here is the summary of the advantages and disadvantages of Tickmill:
- Low forex and trading fees
- Fast and easy account opening
- Free deposit and withdrawal
- Fully digital account opening process
- Low minimum deposit
- Fully licenced and regulated broker
- User-friendly platforms for trading and investing
- Good customizability for charts and workspace
- Good search function and price alerts
- Autochartist integration
- Market analysis by Tickmill experts
- Economic calendar
- Live chat support
- Educational videos
- Negative balance protection
- Demo accounts
- Islamic accounts
- No 24/7 customer support
- No Crypto Deposits or Withdrawals
- Only 3 account base currencies
- Account inactivity fees
- No US investors
Tickmill offers a mid-range product portfolio of 80+ trading instruments. The trading instruments comprises FX pairs, Stock Indices and Oil, Metals, Bonds and Crypto Currencies. You have enough investment opportunities with Tickmill to optimally diversify your risk. However, below 100 trading instruments could be a problem for professional traders who like to diversify their portfolios in various assets. You may want to consider a broker with more trading instruments such as IG who have over 19,000 markets to trade.
Tickmill Instruments Summary
Commission and Spread Fees
While trading with Tickmill, an investor can enjoy low trading costs. The broker offers tight spreads starting from 0.0 pips and fairly low commissions starting from $1.0 per standard lot per side.
There are three account types for different classes of investors. Each account has different requirements, while the spreads and commissions are minimal in every account. The classic account is suitable for beginners, and mild learners, for it has no minimum balance requirement. There are no commission charges on classic accounts, while the spreads start from 1.6pips. The pro accounts, as the name suggested, is for professionals. Yet, there is no minimum balance requirement in this account as well. The spreads are as low as 0.0 pips, while the commission starts from $2 per standard lot per side. The VIP account is for corporates as the minimum balance requirement is 50,000(USD, EUR, GBP). However, it charges 0 spreads while the commission fee is $1 per standard per lot size.
Here is the summary of trading fees with respect to the account type.
|Fee||Pro Account||Classic Account||VIP Account|
|Commission (per standard lot per side)||$2||$0||$1|
Deposit and Withdrawal Fees
Tickmill won’t charge you even a penny on any withdrawals and deposits. You can opt for wire transfer, debit/credit cards and e-wallets to fund or withdraw your account. Just make sure you check to see if you will be charged any third-party fees from your payment provider.
Tickmill charge account inactivity fees for dormant accounts that have not had any trading activity for a sustained period of time.
Tickmill provides you with two trading platforms—MetaQuotes Software Corporation’s MetaTrader platform suite (MetaTrader 4 and MetaTrader 5). In addition, Tickmill offers essential trading tools such as VPS, Social Trading, PAMM, Autochartist, Copy Trading, Pelican Trading and Acuity Trading. Let’s look at all of the trading platforms and tools in more depth.
MetaTrader 4 (MT4)
MetaTrader 4 has been the most vibrantly used trading platform across the globe since its inception in 2005. The platform’s wide range of tools enables traders to execute jobs ranging from advanced research to creating and testing automated Expert Advisors, or EAs for short. Besides this, MetaTrader 4 is highly compatible for it is available for Windows, macOS, Android, iOS and has its own WebTrader.
Here are the salient features of MT4:
- Trade Forex, Stocks Indices, Commodities, Bonds and Cryptos
- Quick Execution of Orders
- Minimised Slippages
- 39 Languages
- 50+ indicators
- Customisable Charting
- Advance Technical Analysis
- PAMM accounts management (copy trading)
- 3 Chart Types
- 11 timeframes
- Expert Advisor (EA) Functionality
- Alert Notification
MetaTrader 5 (MT5)
The current version of the MT5 platform offers an improved interface, expanded analytical capabilities, a broader selection of technical indicators and chart objects to its users. It supports the MQL5 language.
The distinctive features improve the platform’s analytical capabilities, allowing you to benefit from the most complete and accurate technical analysis. When combined with Tickmill’s enhanced trading conditions, you can harness the power of a globally recognised trading platform with spreads as low as 0 pips and ultra-fast execution times as low as 0.20 seconds.
MetaTrader 5 is compatible with Windows, macOS, Android, iOS and WebTrader.
Summing it up, all it has here are salient features of MT5:
- Trade Forex, Stock Indices, Commodities, Bonds and Cryptos.
- Expert Advisors and Trading Robots
- 21 Timeframes
- 38+ Integrated Indicators
- 4 Order Execution Types
- 6 Pending Order Types
- Unlimited Symbols
- 38 technical Indicators
- MQL5 Programming Language
- 21 Time Frames
- 44 Analytical Objects
- Multi-thread Strategy Tester
- Trading Signals and Copy Trading Options
- Built-in Economic Calendar
- HTML 5 Charts
- Charts Reports
Autochartist is one of the most adaptable technical analysis tools to make good trading decisions while trading any instrument. It analyses huge amounts of data to discover chart patterns and key price levels on a wide range of Forex and CFD instruments. You can lead the markets by using an award-winning web platform with an MT4 plugin to filter actionable trade opportunities and anticipate future price movement precisely.
Tickmill offers Autochartist for free to all clients with a live account. Tickmill also allows demo account holders to log in with a delay of 5 candlesticks.
Summing it up all, Autochartist has the following benefits:
- Intraday Scanning
- Trade Alerts
- Forecast Range
- Customisable Searches
- Training Materials
- Launch from MT4
- Use only one Screen
- Featuring Technical Chart and Fibonacci Chart Patterns.
- Offers Volatility Analysis, Key Levels Indications, Market Reports and Performance Statistics
In case you find any difficulty using the Autochartist, Tickmill teaches you how to use Autochartist.
Copy Trading is the practice of copying the trades of other successful traders. You can evaluate the performance of a number of trading strategies designed by other successful traders. You have the option to select from multiple trading systems and implement a mix of strategies on your unique trading style.
Once you’ve chosen your favourite account to follow, their transactions will be replicated to your account. If they open a trade, it will be opened on their account too, and if their trade is successful, yours will be too.
AutoTrade technology was specifically designed to enable smooth and accurate mirror trading. When you subscribe to an AutoTrade service, you can change the value of the multiplier (either when subscribing or later on your administration screen). Changing this variable immediately reveals the potential return and risk based on the data collected so far. A multiplier means that you and the provider have the same risk ratio.
Tickmill VPS Service
A VPS (Virtual Private Server) is your server that is hosted in the cloud or on the Internet and is accessible 24/7. It runs your operating system (OS), but it is not hosted on your computer, allowing it to run regularly even when you are not there. A Virtual Private Server (VPS) allows you to run Expert Advisors (EA) on a Remote Server 24/7. You don’t need your computer to be active all the time.
Tickmill’s VPS has the following unique benefits:
- 20% discount on all packages
- Easy to Setup
- 24/7 live chat and email support
- Negligible Delay in fixing a trade
- Guaranteed 100% Uptime
Pelican is a cutting-edge all-in-one mobile auto-copy tool that allows you to track and copy trades from other successful traders.
Powered by a network of high-performing traders, this social trading system redefines trading and optimises trading techniques. It provides a new level of access to the world’s financial markets and puts some of the best traders in your reach.
Pelican’s easy-to-use interface is compatible with iOS and Android devices. It provides an ideal platform to learn from and chat with the most talented traders and mentors available. It automatically tracks and analyses patterns of master trader’s performance.
More importantly, you can reduce your risk with Pelican by adjusting your copier settings and replicating as many trading tactics as you like. You can instantly connect your Tickmill Live MT4 account and start trading with excellent execution from anywhere in the world 24/7.
Advanced Trading Toolkit
With an advanced trading toolkit, you can update your MT4 and MT5 with various tools to better understand the markets while connecting with a large network of other traders.
Tickmill clients have access to one of the most comprehensive trading and analysis services in the Forex industry, thanks to 13 different programs and 15 indicators.
The advanced trading toolkit has the following features:
- Alarm Manager
- Correlation Matrix
- Correlation Trader
- Market Manager
- Mini Terminal
- Sentiment Trader
- Session Map
- Stealth Orders
- Tick Chart Trader
- Trade Terminal
Acuity Trading Tools
Tickmill’s new Acuity Trading technology gives traders a competitive advantage in the markets by allowing them to anticipate trading opportunities. It crawls millions of news articles and data posts to give you a comprehensive view of the market mood, all in a simple user interface for interpretation.
With Acuity Trading Tools, you get access to:
- Research Terminal
- Market Alerts
- Linear Second
- Sentiment Complex
- Macroeconomic Calendar
Tickmill Platforms Summary
|MetaTrader 4 (MT4)||✓|
|MetaTrader 5 (MT5)||✓|
Tickmill takes responsibility to keep you educated about market updates. They publish trading tutorials, seminars, webinars, eBooks and video tutorials for the ultimate benefit of beginners and pro traders.
They plan Webinars in different locations of the world to share knowledge about trading. A panel of expert analysts leads the webinars.
Tickmill conducts seminars on a regular basis on different world locations to spread financial knowledge. The top-notch market advisors lead the seminars, so it’s worth joining them!
eBooks are free to access for everyone. If you are interested in learning trading through books, there is enough stock for you.
If you are not interested in book learning, you can turn to video tutorials. The video tutorials are comprised of:
- Forex Trading
- Market Analysis
- Trading Psychology
- Trading Strategies
- Social Trading
- MetaTrader 4 & 5
- Managed Accounts
- Technical Indicators
- And much more
For a quick market overview, you can discover financial markets through visual data, charts and up to date statistics.
If you are a beginner, there is an availability of a comprehensive forex glossary where you can learn the financial terms that will be helpful in your trading carrier.
Fundamental and Technical Analysis
If you need any financial advice, Tickmill’s skilled team is there to provide you with the prudent fundamental and technical analysis on various money market instruments. They follow different strategies and give projections keeping in mind the market movements and economic news. The analysis help make your trading decisions. You can take ideas before opening any trade if you are a beginner.
Research articles are regularly published on the website to keep the investors motivated. Different strategies followed by the successful traders of history are deeply operated with critical analysis. Besides this, the reasons for any major fluctuations are also discussed in detail to give more market exposure.
Economic press releases impact markets in an ever-changing socio-political environment. With market volatility at an all-time high, most traders rely on their economic calendar to keep track of daily events and market activity.
The economic calendar is the first place to go for information on market news. Since there are so many different trading strategies accessible, it is vital to identify your strategy’s critical economic components and indicators. For example, if you are a reseller trying to win a few pips from several small transactions throughout the day but are not aware of a big economic launch that day, you have the potential to destroy your account. One of the most important parts of Tickmill is that it provides clients with the information they need to make sound business decisions consistently.
Tickmill Research and Education Summary
Tickmill offers many payment options to deposit and withdraw funds in your accounts. With bank transfers, debit/credit cards and e-wallets, you can deposit or withdraw funds in 3 different base currencies.
Depending on the payment option used, a transaction may complete instantly in a single business day.
Tickmill Funding Summary
Tickmill is registered in Seychelles, authorised and regulated by the Seychelles Financial Services Authority (FSA), Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Labuan Financial Services Authority (Labuan FSA) and Financial Sector Conduct Authority (FSCA).
Furthermore, it has registration with FCA(UK), BaFin(Germany), CONSOB(Italy), ACPR(France) and CNMV(Spain). Tickmill has membership with MiFID II, Financial Services Compensation Scheme (FSCS) and Investor Compensation Fund (ICF).
Tickmill Regulation Summary
|SFC (Hong Kong)||x|
|Other (FSA, Labuan FSC, FSCA)||✓|
Tickmill is considered a low-level risk broker. Two tier-one regulatory authorities regulate it, making it a reliable broker. The broker does not have a banking license which may be a point of consideration if you think of it as a considerable factor.
Tickmill offers customer support 24/5 via live chat, phone, and email.
Tickmill is a low-cost FX and CFD broker licensed by several organisations worldwide, including the top-tier UK FCA. Account opening is easy, and various free deposit and withdrawal options are available. It is ideal for high volume and balance traders who only trade the most popular FX and CFD instruments.