Tickmill: Real Test and User-Ratings

Tickmill user-ratings: $100
10/10
10 of 10 points 1 reviews
  • Asset varierity - 10/10
    10/10
  • Trading platform - 10/10
    10/10
  • Support - 10/10
    10/10
  • Fees - 10/10
    10/10
  • Deposit/Withdrawal - 10/10
    10/10

Facts about the company:

  • Type: Forex and Stock Broker
  • Regulation: FCA and CySEC
  • Minimum deposit: $100
  • Demo account: Free
  • Markets: 80+ Forex, Stock Indices, Oil, Precious Metals, and Bonds
10/10
Comments Rating 10/10 (1 review)

Pros

  • Reliable Customer Support
  • Ultra-fast execution
  • Spreads from 0.0 pips
  • Insurance up to £85,000
  • Free demo account
  • Low trading commissions $2 per 1 lot

Cons

  • Selection of CFDs is expandable

What is Tickmill?

The online broker with the official company name Tickmill UK Ltd is based in London since 2015. The vision of the still relatively young company is to offer private investors and companies worldwide the opportunity to “reach their full potential”. The company itself is also supported by traders who, thanks to their decades of experience, are able to put themselves in the best possible perspective of their customers.

Screenshot of the Tickmill website

The history of Tickmill

The online broker Tickmill was founded in Mahe, Seychelles in August 2014. However, the company did not start its activities as an online broker until January 2015. Since 2016, Tickmill’s headquarters have been located in the capital of Great Britain. Since then the Online Broker has been regulated by the British authority FCA.

In July 2017, Tickmill expanded its product range to include CFDs on bonds and introduced 4 CFDs on German government bonds. Just a few months later, Tickmill also introduced Crypto Currencies and expanded its product offering to include Bitcoin CFDs.

Facts about the history:

  • Founded in 2014
  • Headquarters in the capital of Great Britain
  • Regulated by the FCA
  • Offers a broad range of products

What awards does Tickmill have?

The online broker Tickmill has significantly expanded its range of services in recent years. This was also recognized by the media and Tickmill was often mentioned in the press in a positive light.

In addition, Tickmill has received a number of awards, which Tickmill can now adorn itself with. Worth mentioning here, for example, is the recently awarded “best trading platform” prize, which was presented at the FXDailyInfo Forex Brokers Awards 2019. This result was justified with a “super-fast execution” as well as “unbeatable trading conditions”.

Tickmill also scored highly at the UK Forex Awards 2018. The online broker won the award for “Best Forex Execution Broker”. In 2018, this was already the third award for the company.

Deposit protection and regulation

When it comes to choosing the right online broker, regulation, and the protection of capital contributions logically always play an important role. As mentioned above, Tickmill is regulated by the British Financial Conduct Authority (FCA). Tickmill is also the umbrella organization of Tickmill Europe Ltd, which is also authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

According to the regulations of the FCA, the Online Broker must keep the customer capital separate from the company capital. The customer funds cannot be used for company purposes and are therefore protected from creditors in case of insolvency.

As Tickmill is also a member of the Financial Services Compensation Scheme (FSCS), customer deposits up to £85,000 are fully protected.

Which markets can be traded at Tickmill?

Tickmill offers investors a wide range of markets from which customers can choose. In principle, trading is possible in the following markets.

Foreign exchange

In principle, trading on the Forex market is possible around the clock, five days a week. You can choose from 62 different currency pairs (majors, minors, and exotic currencies).

Stock Indices and Oil

Traders can also trade a variety of CFDs on indices as well as oil. There are 14+ major international stock indices offered at Tickmill.

Precious Metals

Trading precious metals such as gold and silver have always been interesting for traders and investors. At Tickmill, traders can bet on the development of gold and silver and thereby expand their own portfolio.

Bonds

Bond trading has always occupied a considerable volume in the trading world. It also offers a variety of different investment opportunities.

What platforms are available at Tickmill?

The next step will be to take a closer look at the online trading platforms offered in Tickmill’s portfolio.

The online broker Tickmill lets the customer choose between two different trading platforms. Both available platforms can be used in the web version as well as in the mobile version via Android or Apple. Let’s take a closer look at the platforms in the following.

MetaTrader 4

The MetaTrader 4 platform offers investors a comprehensive and user-friendly platform. The platform stands out especially for its high usability, the integrated tools and functions can be used quickly and easily. Not without reason MetaTrader 4 is considered the most popular trading platform worldwide.

Web Trader

In addition to the trading platform MetaTrader 4, there is also the so-called “Web-Trader”. The Web-Trader is basically the same MT4 platform, but the trading platform is available directly in the browser and does not need to be downloaded or installed. This makes trading even more accessible than usual, as the platform can be accessed on the Internet with just one click.

The advantages are as follows:

  • The financial markets can be accessed quickly and easily
  • The user interface is easy to use, it is structured according to the MetaTrader 4 interface
  • Possibility of “One-Click Trading
  • Protection through encryption of all transmitted information

Deposits and withdrawals at Tickmill

Tickmill offers a variety of different deposit and withdrawal options. A special feature is that all payment methods are basically offered free of charge. This means that there are no additional commission fees for either the deposit or the payout. And for higher deposits by bank transfer from USD 5,000, the “zero fees policy” applies.

This means that Tickmill covers all fees for transactions up to USD 100. All you need to do is submit the appropriate bank statement and the transfer fee will be refunded. Let’s take a quick look at the deposit and withdrawal options below.

Payment methodMinimal
deposit
Minimum
payout
Processing time
deposit
Payment processing time
Transfer$100$251 workday1 workday
Credit card$100$25immediately1 workday
Skrill$100$25immediately1 workday
Neteller$100$25immediately1 workday
paysafecard$100$25immediately
immediately$100$25immediately1 workday
Rapid transfer$100$25immediately1 workday

Tools at Tickmill

The online broker Tickmill is also distinguished by the fact that it provides a large number of useful tools. These are intended to support investors in trading and in the development of trading strategies. For this reason, the different tools of Tickmill will be briefly described below and their functionality explained.

Autochartist

Autochartist” is a versatile analysis tool that provides a variety of information and important charts and price developments in Forex trading. The tool scans the relevant markets and filters out the relevant data to enable investors to react as quickly as possible. The tool is also available free of charge for traders with a live account. Now let’s take a closer look at the advantages of the tool in a condensed form.

  • Time-saving
  • Intraday scanning (notification of opportunities and important data)
  • Forecasts
  • teaching material (articles and videos serve as material for further education)
  • Use via MT4
  • Customizable searches
  • Forex Economic Calendar

Another tool from Tickmill is the “Forex Economic Calendar”, which contains all relevant events and indicators of the economy. This calendar is available at all times and also indicates to what extent the newly displayed news is relevant to the current market situation.

Forex Calculator

Also, a useful tool is the so-called “Forex calculator”. This tool allows Tickmill customers to convert all currencies into other currencies in seconds. In addition, it can also calculate (depending on the leverage) the margin required to open a new position size. And last but not least, there is also a pip calculator, with which the pip value of a trade and thus also a risk management strategy can be determined.

Tickmill VPS

“Tickmill VPS” is a tool developed by Tickmill in cooperation with BeeksFX to enable clients to easily access a trading platform regardless of location and time. But what exactly is Tickmill VPS?

Basically VPS stands for “Virtual Private Server”; it is a private server that is permanently online. With it, trading strategies can be executed automatically and non-stop from your own computer, without the need for any work.

Furthermore, as an investor you can profit from some additional advantages if you decide to use this tool:

  • 20% discount on all offer packages
  • Short latency times
  • 100% server availability guarantee
  • Tool is set up very quickly
  • Permanent live chat and e-mail support

One-Click Trading (OCT)

With the OCT tool (“One-Click-Trading”), trades can be executed many times faster, as only a single click is necessary, as the name suggests. This is because a transaction does not have to be additionally confirmed again. This function can be used in several areas. The advantages of this tool are obvious:

  • Orders can be created in seconds at the push of a button
  • Open positions can also be closed at the touch of a button (including hedging)
  • Clear presentation of profit and loss in pips
  • Set the appropriate stop loss
  • StereoTrader

The primary goal of the “StereoTrader” is to make day trading, scalping and intraday swinging more profitable and stress-free for investors. The tool can be fully adapted to the MetaTrader 4 platform and offers a wide range of possibilities to develop your own strategies.

The most important functions will be briefly introduced at this point:

  • Isolated strategies: Different strategies can be traded simultaneously on one account without, for example, overlapping orders or positions.
  • Four Trading Modes: With this tool, you can trade in four different modes: Stereo Future, Stereo Hedge, Single Hedge, and Single Net.
  • History Trading: StereoTrader offers a comprehensive historical foundation of relevant data that can be incorporated into strategy building.
  • One-Click-Speed-Trading: More than 30 different activities can be carried out per click, which increases efficiency and speed enormously.
  • Advanced Order Types: The order types integrated into StereoTrader are highly innovative and unique in their functionality. (“Market-if-touched” order, “Limit-Pullback” order, “Strategic” order, etc.).

Modern design

Tickmill uses the so-called “Seamless Principle”, which ensures that no pop-ups appear during a trade or that there is no overlapping of the user interface. Disruptive factors are thus kept away so that the customer can concentrate fully on trading. In addition, the design can be adapted to the customer’s own preferences in terms of color and shape.

Account types with Tickmill

At Tickmill, the customer can choose between three different account types: The “Classic” variant, the “Pro” variant, and the “VIP” variant. But traders can also start with the free demo account. Before we look at the differences between the account types in detail, let’s first take a quick look at what they have in common.

In total, Tickmill offers 84 different trading instruments. In contrast to many other online brokers, it is possible to place “stop orders” and “limit orders” close to market prices. For all three account types, “stop level” and “limit level” is set to zero for this reason. Furthermore, the available base currencies are identical for the different accounts: USD, EUR, GBP, PLN.

Classic Account

The classic account allows trading on global markets without commissions. The available markets are divided into CFDs into 62 currency pairs, 15 stock indices, WTI, precious metals, and bonds. Another feature of the Classic Account is that the raw market spreads are displayed in charts without mark-up – i.e. price increases.

Pro account

The “Pro” account is characterized above all by narrow spreads and favorable commissions. Here you can trade 62 currency pairs, 16 CFDs, gold, and silver. With a commission of 2 US dollars per side and lot, Tickmill is one of the cheapest online brokers worldwide in this area. For example, a lot of EUR/USD (100,000 Euro) will result in a 4 Euro round turn commission.

VIP Account

Finally, the “VIP” account model will be discussed in more detail. The trading instruments are identical to those of the Pro Account. However, the commission is considerably lower, at only USD 1 per side and a lot.

Now let’s look at the differences between the account types in detail:

Pro AccountClassic AccountVIP Account
Minimum Deposit$100$100$0
Spreads From0.0 pips1.6 pips0.0 pips
Max Leverage for Retail Clients1:301:301:30
Max Leverage for Pro Clients1:5001:5001:500
Min Lots0.010.010.01
Commissions2 per side per 100,000 tradedZero Commissions1 per side per 100,000 traded

Margin

As mentioned before, the margin can be easily calculated at any time with the Forex calculator tool. Basically, however, it depends on how high the respective leverage was selected. While with selected leverage of 1:1 the full deposit sum must be paid, with leverage of 1:30 it is only 3.33%.

Leverages of up to 1:500 are possible for professional customers. In this case the margin is only 0.2%.

The demo account at Tickmill

The demo account offered by Tickmill is ideal for interested investors who want to test their skills and strategies without financial risk before starting with a real account. A special feature of this demo account is the fact that it can be used for an unlimited period of time without expiration.

The account only expires if no registration has been made for seven consecutive days. Registration for the demo account also takes only a few minutes, only some standard information such as name, e-mail, origin, and telephone number is requested.

The customer service

Let’s get to the service aspect of Tickmill. If you have any questions or concerns, please feel free to contact customer service at any time. The support can be reached by e-mail or by phone in more than 10 different languages.

If an inquiry is made via e-mail, the online broker guarantees an answer within the next 24 hours on working days. The customer service is also available by telephone from Monday to Friday from 7 am to 4 pm (GMT). If necessary, a callback can also be requested.

Support available:Monday to Friday from 7 am to 4 pm (GMT)
Telephone:+44 203 608 6100
Adress:support@tickmill.co.uk (response within 24 hours)
Languages:10+

Conclusion: Tickmill is a very secure and reliable broker

If you look at various experiences and evaluations which have already been made by customers in the past, you will see relatively quickly that these are predominantly positive. Even though the selection of CFDs is still expandable, beginners and advanced investors can already choose from a considerable range of products.

Experience shows that customer service is very reliable and does not take long to respond with a competent answer. Another positive aspect is the relatively low minimum deposit of only $100. The cost breakdown is transparent and gives interested investors a quick overview. Apart from that, the fees are extremely low by global comparison.

And also the high level of protection of client funds, which is ensured by FSCS, speaks for itself. In the evaluations of most broker testers, which can be found on the Internet, Tickmill therefore generally scores “good” to “very good” for the reasons mentioned above.


Most asked questions:

What is the minimum deposit for Tickmill?

On Tickmill you can either open a free demo account or choose between three account types: Pro account, Classic account or VIP account. While the Pro as well as the Classic account have a minimum deposit of $100, the VIP account has a minimum deposit of $50,000.

Is Tickmill safe?

Besides regulations, Tickmill can also prove its safety in another way. As Tickmill is a member of the FSCS (Financial Services Compensation Scheme), the deposits of traders a fully protected up to £85,000.

What Markets can i trade with Tickmill?

Tickmill offers a wide range of trading products. With this Broker, you can trade Forex, as well as Stock Indices and Oils, Precious Metals, and Bonds. In total, Tickmill offers 84 different trading instruments.

Is Tickmill a regulated Broker?

Yes – Tickmill is regulated by the British FCA (Financial Conduct Authority). Also, Tickmill is the umbrella organization of Tickmill Europe Ltd, which is authorized and regulated by the CySEC (Cyprus Securities and Exchange Commission).

One Response

  1. Andre Witzel September 13, 2020

Leave a Reply

User Review
  • Sending
    Asset varierity
  • Sending
    Trading platform
  • Sending
    Support
  • Sending
    Fees
  • Sending
    Deposit/Withdrawal