Tickmill Review 2022: Is Tickmill a Legit Platform or Not?

Do you seek to conduct trading and investment in forex, stocks, and other assets? If yes, then sign up with the online trading platform of Tickmill UK Ltd today. Tickmill allows trading at reduced spreads, and even the swap rates of exchanging assets at specific prices are favorable for the users. The platform of Tickmill works in association with regulated brokers and allows the users to conduct excellent trading, scalping, and investment execution at low costs. The customers of Tickmill are charged very low commission fees.

Tickmill Overview

Official Website https://www.tickmill.com/
Headquarters London, UK
Founded Year 2014
Regulated Yes
Product offered Forex, Stocks, Cryptos, CFDs
Minimum Initial Deposit $100
Maximum Leverage 1:500
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
Trading fees No
Inactivity fee Low
Withdrawal fee No
Supported currencies USD, EUR, GBP, PLN
Customer Support 24/7 via Email, Phone, Live chat, & FAQs Support

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Sign up with Tickmill Europe Ltd to explore its unique trading features. Read the Tickmill review and feel free to venture into the financial markets of the world for the best future results in finance and trade in a variety of forex pairs and other assets that are traded at low fees.

What Is Tickmill?

Tickmill is an international CFD and forex brokerage and trading platform that was founded in 2014. The Tickmill review reveals that the online platform is subject to the regulations of financial authorities, including the Financial Conduct Authority FCA of the UK. Tickmill is associated with top-tier liquidity providers to make sure that the customers deal in assets to be traded at the lowest spreads and with low risks.

Tickmill Platform Interface

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What makes the broker forum of Tickmill better than other brokers is the low commission fees that the brokers charge for their services. The low commission fees help the users in minimizing the transaction cost irrespective of their trading strategy. Tickmill is currently focusing on the reduction of the swap rates to enable the users to keep the trading positions open for a long time without compromising on profitability.

Features of Tickmill

Regulated by one one-tier regulator and two two-tier regulators, the trading systems of Tickmill offer the traders with access to the MetaTrader 4 platform for trading in multiple assets. Tickmill is renowned for its highly competitive pricing and has received quite a few notable awards for the excellence of its services. Take note of the key features of Tickmill accounts described below before signing up with the platform:-

Investment Offerings

Tickmill clients are offered the opportunity of trading in more than 85 instruments that mostly include currency pairs along with stock, CFDs, bonds, precious metals, and indices. Investors from across the world join Tickmill to conduct trading in global forex, stock CFDs, stocks, and cryptocurrencies. Tickmill allows copy trading, demo account trading, and social trading as well.

Trading Fees and Additional Commissions

Although Tickmill accounts for beginners are very useful, the broker company is highly recommended for seasoned and VIP traders as well. The trading forum is especially for traders who seek competitive prices and low brokerage fees for trading in various regulated asset classes.

Features of Tickmill

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The prime aspects of the fee structure of Tickmill are listed below:-

Classic Accounts

The trader need not pay the commission fee for the execution of free trading through the classic account of the Tickmill website, and one only needs to pay the spread cost between the ask price and the bid price for trading financial products. The average spread price is somewhat higher for the Classic account at the Tickmill site and, as such, not preferred by beginners and other traders.

Spread Prices

According to the data obtained from the official website of Tickmill, the Pro Account at Tickmill offers the users a spread of 0.13 pips for the currency pairs of EUR/USD. The overall trading costs stand at 0.53 pips when the RT commission of 0.4 pips is factored into the estimation. It is to be noted that the online brokerage platform records the spread statistics under regular market conditions when the spreads are relatively narrow.

Discounts for Active Traders

Tickmill offers active traders three levels of discount packages. The discount begins at the rate of $0.25 for each standard for up to a thousand micro-lots per month. At the third level, which is the highest level, the discount package is $0.75 for traders who engage in trading over three thousand standard lots every month.

Trading Instruments and Trading Platforms

Tickmill allows accessing the MetaTrader 4 platform for trading and investing in a broad range of asset classes. The multi-asset broker of MT 4 is ideally suited for trading in stocks, bonds, and forex base currencies. Tickmill offers the innovative trading tool, Autochartist.

The Autochartist tools allow the customers to interpret the conditions in real-time with the help of graphs and charts that accurately represent the Tickmill trading conditions and events. The users consult the Autochartist graphs to speculate on asset prices and make investments with prudence accurately. There are 51 charting indicators and 31 charting tools available for studying the trading conditions and conducting CFD trading accordingly.

The broker allows VPS hosting to enable successful traders in accessing the MetaTrader 4 and MetaTrader 5 platform for algorithmic auto-trading in forex pairs, national currency pair, base currencies, and other assets. If you want to explore more, browse our list of forex brokers in South Africa and the best forex broker in Nigeria list to get details on various platforms.

Pro and VIP Accounts 

The VIP and Pro Account types of Tickmill charge the retail clients with a nominal commission fee for every trade. The Accounts offer competitive prices and the prevalent spreads for lucrative trading in assets. Most of the forex traders of the regulated forum prefer using Pro for the low rate of commission fee.

Pro Account by Tickmill

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The special offers of the Account type include the opportunity of trading in 62 currency pairs and 75 financial instruments at spreads of low cost. The seasoned traders of Tickmill open the VIP Account by depositing a minimum of $50,000.

Upon making the minimum deposit, the users are enabled to gain access to the low commission brokerage services of $2 for each Round-Turn or $1 for each standard lot. This Account has a similar pricing format even though its minimum deposit requirement is only $100.

Availability of Research Insight

Tickmill offers competitive research material to the customers, according to the Tickmill review. It seems from the Tickmill review and overall rating that the trading platform accounts still lag behind the top-tier regulated trading platforms of the industry. Nonetheless, Tickmill accounts provide research details to the users in the form of the following modes:-

Trading Instruments

The only useful financial instrument of Tickmill accounts is Autochartist. This tool conducts automated and accurate market analysis and provides the data to the users who use it to conduct trading. There is another tool available at the trading platform called Myfxbook that powers the economic calendar of the forex broker and provides the users with the latest forex currencies news headlines obtained from Investing.com.

Market Insights

The trading platform operates with a team of expert analysts who conduct fundamental and advanced analysis of the markets on a day-to-day basis and maintain reports available at the company’s blog section. According to the Tickmill review, the broker covers a wide range of international markets and provides a wealth of research content to the registered users.

The educational forum of Tickmill imparts extensive training to the users by providing them with videos of fundamental and technical analysis of the asset markets, recorded webinars and conferences, and YouTube news updates.

Copy Trading by Tickmill

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Copy Trading

Myfxbook of Tickmill possesses the innovative AutoTrade feature that allows social copy trading in financial markets. The facility of social copy trading is not available at the headquarters of the company in the UK. Tickmill also offers the MQL5 Signals system to notify the traders about making moves in the asset markets at the right time through the MT 4 platform.

Educational Content

Tickmill offers an extensive range of educational resources to registered traders. The primary educational resource available at Tickmill is an e-book that covers a host of topics on trade and invest in assets to be traded. The downloadable e-book serves as the perfect trading guide for beginners.

The major areas covered in the e-book include the fundamentals of trading forex and forex base currency analysis, detailed information about popular currency pairs, and discussion about trading strategies.

Tickmill also educates the traders through carefully curated webinars that are made available in four languages, including English, German, Italian, and Arabic. The webinars are archived in the company’s records for future reference and training. The topics covered at webinars include rudimentary concepts about trading in different asset classes, analysis, theorems of charting, and graphical representations of market events such as the Standard Elliot Wave Models. The firm also conducts free conferences around the globe to rope in more customers and meet the brokers in person.

Mobile Trading Platform

The mobile version of Tickmill is highly functional. One can easily download the Tickmill app from the app store of Android, Windows, and iOS and install the app to conduct mobile trading in assets on the go at the mobile trading platform.

Services Offered by Tickmill

Tickmill provides an excellent array of financial services to traders and investors, according to the Tickmill review. It is the mission of the company to gain accessibility into every financial market of the world to enable the user to become an expert professional trader. With almost a million users conducting more than 385 million trades regularly, the platform is now more popular than ever.

Why Trade with Tickmill’s MetaTrader 5?

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The financial services of Tickmill are explained in a nutshell below:-

  • The traders conduct business deals with more than 80 financial instruments while the spreads are maintained at a low level of 0.0 pips. The brokers do not charge any commission fee for their services that include trading and investing in forex cryptocurrencies, stock indices, bonds, and commodities.
  • Tickmill offers the best broker service. The brokers execute the asset trading deals at a rapid speed in only 0.2 seconds with no pesky requotes.
  • Tickmill allows the traders to wield a variety of trading strategies ranging from simple day trading to complex scalping, hedging, and Expert Advisor trading at regional and global asset markets.
  • The Negative Balance Protection service of Tickmill allows the clients of Tickmill to maintain financial security. The platform maintains segregated trading accounts of the client funds with the top banks of Europe for processing transactions safely.
  • The demo account service of the good forex broker company is ideal for beginners. Unlike other brokers, Tickmill allows demo trading. Traders use the demo account and get in touch with a good broker to conduct free demo account trading.
  • The Educational Center of the broker company provides the service of training to the clients. The traders get access to a wealth of educational content and information in the form of recorded webinars, lectures, tutorials, and blogs.
  • The mobile trading service is perfect for trading on the go with the help of a suitable broker.

Tickmill Products

Tickmill is a forex and CFD broker. Trading CFDs with most brokers is complicated as CFDs are highly leveraged products, and often, retail investor accounts lose money when trading CFDs. Almost 71% of the retail investor accounts lose money when trading CFDs directly with the brokers. Tickmill allows safe broker trading CFDs in crypto assets, government bonds, commodities, stock indexes, and other investment products.

It does not allow ETF CFD trading, unlike other broker companies. The platform allows trading in a wide range of assets with similar brokers, as listed below:-

Stock Indices and Oil

Add the most significant stock indices of the world as well as non-renewable commodities like oil and natural gas to your portfolio by signing up with key brokers and other brokers of Tickmill. The online trading platform allows trading in eight different stock indices. Even though the offers are limited, the prevalent trading conditions are quite favorable. There is no need for paying any commission fee to the stock broker.

The traders do not need to pay requotes or commission fees for trading stock indices and commodities, and there is no hidden markup fee to be paid either, and as such, the asset always yields decent returns. The average spread for trading in the UK100 indices is only 0.9 pips.

Forex

Forex trading is one of the most popular trading activities aboard Tickmill. The MetaTrader 4 platform allows trading in 62 different national currencies that include minor, major, and even the most exotic currencies in the world. It is quite a lucrative venture to conduct forex and CFD trading at the platform of Tickmill as the trading deals get executed in a flash, and the spreads are maintained at a very low level to help with the accrual of substantial gains. The leverage of forex trading goes up to 1:500, whereas the spreads start from 0.0 pips. There are no requote trading costs at forex trading and no limits on trading either.

Tickmill Products

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Cryptocurrencies

Crypto enthusiasts will be able to conduct trading in major cryptocurrencies like Bitcoin, Ethereum, and Litecoin through the MetaTrader 4 platform of Tickmill.

Bonds

The online trading platform allows the traders to make the best of the inverse relationship between bond prices and interest rates and leverage the economic stability of the national treasury by retailing in bonds at regional and global markets.

Precious Metals

Tickmill allows the clients to focus on such distribution of the investment portfolio by trading in precious metals, like gold and silver, by speculating on the price movements of the assets against the US Dollar. The platform allows trading in Brent and WTI along with gold and silver at high liquidity and low spreads for maximizing round-turn.

Is Tickmill Regulated?

Yes. FSCA (Financial Sector Conduct Authority), FSA (Financial Services Authority), Financial Conduct Authority FCA, LFSA (Labuan Financial Services Authority), and CySEC (Cyprus Securities and Exchange Commission) atre its regulators for different regions.

Tickmill Review: Pros and Cons

Pros Cons
The user-friendly broker interface offers a seamless trading experience. There is a limited range of assets available as compared to other brokers.
Deposit and withdrawal transactions are fast and transparent. The broker charges non-trading fees or inactivity fees, unlike other brokers.
The complex instruments offered by the broker are in good order. The platform feels outdated, and as such, accounts lose money.

Tickmill Account Opening Process

Registration with the online trading platform Tickmill is easy and hassle-free. The traders need to follow the steps below to conduct trading in various assets at local and international financial markets through the MetaTrader trading platforms of Tickmill:-

Step 1: Fill in the Form

Visit the official website of Tickmill at www.tickmill.com and click on the Login button to get accessibility to the registration form. Enter your personal information like name, phone number, and email address, and then leave a brief description of your trading expertise and experience as well in the registration form. Do not forget to select the region of operation before proceeding to sign up with the broker.

Step 2: Proceed to Verification

Quick verification of the account is important for maintaining compliance with the regulations imposed by the FCA, the FSA, and the CySEC. To complete the account verification process, the trader must upload their government-issued identity and address proof documents to the broker.

Tickmill imposes strict KYC and AMC laws upon the users to safeguard them against financial scams. Verification of the account is also done over the phone and email, and the users have to click on the links that they receive in their phone and email to verify their trading accounts and start the trade and investment in assets after that.

Tickmill Account Opening Process

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Step 3: Minimum Deposit Money in the Account

Now that the account is created, it is time to activate it, by depositing funds in the account. Making the minimum deposit in an account is a quick and easy process. One simply has to link the electronic wallet or enter his bank account information to conduct transactions.

It is necessary to make the minimum deposit to get in touch with the reputed brokers of Tickmill. The forex brokers of the platform use the deposited client funds to conduct trade in different assets.

Step 4: Gain Accessibility to the Broker

The time has finally come to start trading and make investments in a variety of assets. For accessing the asset markets, it is necessary to download the platform of your choice from the official website of Tickmill. Download and install MetaTrader 4 on your device and log into the platform with your credentials to begin a business.

Types of Tickmill Accounts

Tickmill specializes in forex trading. The firm offers the opportunity to trade in foreign exchange currencies at the lowest commissions and extremely tight spreads to enable the traders to engage in lucrative trade. While other trading platforms charge exorbitant trading fees and non-trading fees or inactivity fees, Tickmill charges the lowest while allowing its clients to conduct trades using a wide range of strategies. The Pro and VIP Accounts of Tickmill allows the users to conduct accurate algorithmic trading in assets with the help of auto trade bots.

The Expert Advisors conduct automated trading by opening and closing deals of high risks at lightning-fast speed and accuracy to rake in rich profit for the users. The reputed & top forex brokers of the platform enable the quickest fast execution of the trading positions at the lowest trading fees and highest liquidity. There is almost never any slippage even if the trader trades in high volumes on a regular basis.

Traders are allowed to open three different Tickmill account types. However, the two types of accounts that are preferred by the traders include VIP and Pro Accounts. The Classic Account types are available for free demo account trading, but its financial constraints are not favorable for the traders.

In the Classic Account, the trader has to pay the low spread cost that gets added to the normal trade cost of the asset. This additionally implies that the trading position shall be duly opened, but the execution of the trade shall be poor and hardly profitable. The profit shall be negative until the trading price of the asset exceeds the tight spreads.

The Classic Account allows the addition of low spreads of 1.2 pips to the foreign exchange depending on the conditions of the asset and the financial and forex market. Tickmill also offers demo accounts to allow the traders to conduct demo account trading in the markets. The different types of Accounts offered at the online trading platform are described below:

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Pro Account

The Pro Account provides the users with the direct market average spreads. The competitive spreads can be as low as 0.0 pips on the basis of the foreign exchange conditions. The liquidity of the financial institutions and markets is provided directly to the traders. Tickmill also adds commission fees on behalf of the forex brokers to the trade through the Pro Account. The exchange commission fee is fixed and only depends on the daily trade volume.

The traders have to meet the commission charge of $2 to trade in each lot of 100.000 as per the standard. It seems from the Tickmill review that the Account is the best when it comes to trade and investing in assets. This Account charges the lowest trading fees, and its brokers are the most reliable. The traders are offered a 5% discount on every trading commission in the Pro Account.

VIP Account

The VIP Account is recommended for high-volume traders. The users of the VIP Account are generally forex companies that make the minimum deposit of an amount of money of at least $50,000 to establish contact with the brokers. The trading fees are pretty low.

One needs to meet the payment of only $1 for each trading lot that stands at $2 for each complete trading session. The low costs generate higher profits for the traders. Additionally, the VIP Account allows the traders to place limit orders and market orders when the prices of the assets are favorable.

The advantages of trading through the specialized Accounts of Tickmill as per the Tickmill review are:-

  • Lowest trading fees of trading in comparison to other brokerage companies that compensate when the accounts lose money.
  • The broker allows the traders to explore a host of different strategies without any variation in the fees.
  • Automated trading by Expert Advisors is highly accurate and almost always successful in raking in considerable gains for the traders.
  • The execution of trading positions is very fast, and as such, the trading accounts lose money nominally.
  • There is never any slippage, and the liquidity levels are always high.

Why Choose Tickmill’s VIP Account?

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Tickmill Trading Tools

Interpreting the market conditions manually is next to impossible. It is crucial to employ tools and technologies for the correct analysis of trading conditions and price patterns. The platform of Tickmill offers the most state-of-the-art tools to trade in a variety of assets. The array of tools available at Tickmill are described in more details below:-

Autochartist

Autochartist is one of the most essential chart tools for trading. Traders use Autochartist to conduct technical market analysis necessary for prudent decision-making while trading CFDs on crypto assets, oil and gas, stock indices, and forex. The tool employs the advanced chart recognition mechanism to scour through huge volumes of market data and identify the price levels of asset prices and trading conditions of CFD and forex instruments.

The tool comes in the form of an MT plug-in that is enabled to scan the exchange hubs to filter out the non-essential information, predict price movement, highlight lucrative trading opportunities, and notify the traders with signals and alerts of high speed and accuracy. The Autochartist tool is available for free, and Tickmill offers it to everyone who conducts live trading through the broker.

Economic Calendar

It is crucial to stay abreast of the latest economic news and various events that affect the asset prices in the financial markets. The market volatility level is currently at the highest, and it is imperative for the traders to keep an eye on the calendar in order to stay updated on the market movement and daily developments.

Economic Calendar by Tickmill

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Myfxbook Copy Trading

Copy-trading or social trading is a popular practice among traders. It simply refers to the method of copying the trades of experienced traders to rake in decent profits. All that a trader needs to do is follow the professional traders of his choice through the MT 4 account and then wait for the expert trader to make a move in the financial and forex market.

Myfxbook copy trading tool replicates every trade of the experienced traders in the account of the user so that when the expert trader’s trade is successful, the user’s trade is automatically successful.

Forex Calculator

The forex calculator helps in streamlining the forex trading process for the traders. The forex traders use the calculator to estimate the required pip price, margin, short and long swap for every forex trading position.

Pelican Trading

The tool of Pelican Trading is driven by a team of experienced traders who seek to revamp the way of social trading and optimize its strategies by enhancing direct access to the exchange hubs of the world.

The user interface of Pelican provides the traders with the opportunity of interacting with experienced traders for tracking and assessing price patterns, receiving updates, and one-click trading. Pelican Trading also allows professional traders to manage high risk by the modification of the copier settings accordingly for copying the trading strategies of experienced traders at will. Download the Pelican Trading app from any app store and start automated copy trading right from today.

Advanced Trading Toolkit

The toolkit of advanced trading at Tickmill provides every professional trader with an extensive range of trading instruments to level up profitability. There are more than 15 technical indicators and 13 applications available at the disposal of the clients for comprehensive market assessment and sharing services in asset trading.

The Trade Terminal in the toolkit allows precise and automated scaling of orders, and the Mini Terminal is tailored for managing the rapid execution of orders. There are more trading tools in the toolkit that include Alert Manager, Excel-RTD, Connect, Sentiment Trader, Session Map, Market Manager, Correlation Trader, Correlation Matrix, Tick Trader, Stealth Orders, Indicator Pack, and Tick Chart Trader.

Tickmill VPS

The VPS of the broker is a Virtual Private Server that is hosted on the web 24×7. It allows most traders to operate auto algorithmic strategies through the automated Tickmill trading bots throughout the day. With the help of the VPS of Tickmill, the traders will be able to avail of a 20% discount on every package, access the customer service center quickly, take the advantage of a 100% uptime guarantee, and conduct accurate Tickmill trading 24×7. Install Tickmill VPS on your device and start real trading and investing 24×7.

Tickmill VPS

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Acuity Trading

The AI-driven Acuity Trading tool of the MetaTrader platforms provides the traders with a comprehensive collection of millions of news blogs and data sets to unlock new trading opportunities. The research terminal of the tool offers a precise overview of market sentiments encompassing a wide range of instruments.

The acuity trading tool also conducts extensive analysis of price movements to provide the traders access with market alerts to enable lucrative business. The Linear Second feature of the tool provides the traders with a dynamic visual representation of the bullish or bearish market condition in real-time.

Tickmill Leverage

The leverage allows the traders to use only a small portion of the capital to open a large trading position and maintain it for a long time. Although leverage can potentially increase profits, retail investor accounts lose money too.

At Tickmill, the minimum leverage is 1:1, and the maximum leverage is 1:500. The margin carries a requirement of 0.2%, and it is the amount of minimum deposit money that the user needs to make to conduct leveraged trading in the financial market.

The required margin is estimated by multiplying the size of the position with the margin requirement. Upon closing the Tickmill trading position, the margin amount gets credited back to the account of the users. You can also learn more about the features, services, and leverages offered by forex broker Malaysia platforms.

Tickmill Fees

Tickmill adheres with the Zero Fees Policy for transactions per the Tickmill review. This policy eliminates the need to make the minimum deposit fees for making deposit and withdrawal of money. For making international transactions of money, the trader may be charged fees by the bank.

The company compensates for the min deposit made by the traders within one calendar month. Please note that all deposits starting from 5,000 USD or equivalent, processed in one transaction by bank wire transfer, are included in our Zero Fees Policy. However, the minimum deposit is $100 and to get a VIP account you can reach a minimum balance to $50,000.

Tickmill Deposit & Withdrawal Options

It is very simple and straightforward to deposit and withdraw money from the account of Tickmill. The broker accepts almost every form of payment that includes bank transfer, e-wallets, credit and debit cards, and crypto-wallets. The company does not impose any additional fee for making deposit and withdrawal at the broker. The transaction processing system of the broker is very fast and efficient.

Payouts get processed quickly, and the users receive the minimum withdrawal amount directly in their bank account or wallet, depending on their choice of withdrawal method. Tickmill processes payouts almost in an instant, although it takes around 24 hours for the bank transfers to get cleared. The broker maintains top-notch financial security. It sends a payment confirmation message and email to the phone and email inbox of the user as a receipt of the transaction soon after the payout is cleared. More details about depositing and withdrawing funds are given below:

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Deposit of Funds

At Tickmill, the clients have to make a deposit of at least $100 to open an account with many brokers of the platform. The platform accepts deposits in USD currency, EUR currency, GBP currency, and PLN currency. It also accepts cryptocurrencies, Bitcoin, Litecoin, and Ethereum. Beginners can commence the trading session with a lot size of as low as 0.01 lots on the base currency pair, and the position size is small for 0.01 lot base currencies.

The small size does not pose a problem for beginners who venture into the financial markets to execute trailing stop trades in assets with a low capital of only a few cents or so. The provider is thus positioned favorably to enable even the biggest investors to conduct trading without running into any monetary issues with the brokers.

Tickmill brokers allow the deposit of funds in ten different payment system modes. The payment methods accepted by the platform include bank transfer, credit card, Skrill, Neteller, STICPAY, FASAPAY, UnionPay, NGANLUONG.VN, QIWI, and WEBMONEY. There is no deposit fee to be paid, although one may be ‘to make a payment for international bank transfers. The funds deposited in the platform are protected by the tier-1 financial institutions of Europe.

Tickmill is registered with the FSCS (Financial Service Compensation Scheme) of the UK that compensates every client with $85,000 for their deposits. Tickmill is registered with the Investor Compensation Fund (ICF) of the CySEC. This ensures the high financial security of the multi-regulated forex broker against financial scams. Traders are advised to verify their bank accounts before depositing money for trading and investment.

Tickmill stands out among similar brokers because of negative balance protection. The users need not be afraid of debts or negative minimum account balance during unfavorable conditions as Tickmill does not mandate additional funding.

Withdrawal of Funds

The different brokers of Tickmill make sure that the withdrawals get processed securely. To issue a withdrawal request, the trader needs to select the preferred payment method and then enter the amount to be withdrawn after closing the trading session.

There is no fee to be paid to broker Tickmill for the withdrawal of money, and the user simply has to initiate the request and then wait for a day for receiving the minimum withdrawal amount in his account. Just like depositing funds, the withdrawal of funds is also allowed in ten different payment methods.

These methods include bank transfer, web money, Qiwi, Nganluong.vn, Unionpay, Fasapay, Sticpay, Neteller, Skrill, credit cards, and wire transfer. The minimum amount for withdrawal is set at $10. The platform may require the users to submit ID proof documents for KYC verification if the amount to be withdrawn is too high. Get in touch with the brokers and the non dealing desk broker center for help in case any issue arises during the withdrawal of funds.

Tickmill Bonuses & Promotions

Tickmill focuses on attracting more users from all over the world. As such, the platform is working on the launch of new bonuses and promos every month to compensate when accounts lose money. The currently active bonuses and promotions offered by broker Tickmill are described below:-

Trader of the Month

Tickmill rewards the active traders of the platform with generous cash prizes. The top successful trader of the company receives a reward worth $1000 for his skill and performance. To decide the name of the winner, the management team not only considers the profits accrued by the trader but also takes into account his high risk and financial management skills when accounts lose money. There is no extra registration necessary to compete for the prize money.

One simply needs to open a live trading account and then conduct trading like a pro to become the Trader of the Month and bag the prize of a thousand dollars. Keep an eye on the Wall of Fame section every month to check the names of the prize winners.

Tickmill’s Trader of the Month Offer

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Welcome Bonus

Step into the world of online trading with a generous welcome bonus of $30. This free amount cannot be withdrawn, but the profits accrued from the free bonus can be extracted from the account after trading in forex and CFDs. With a wagering period of 3 months, the welcome bonus profits can be withdrawn only once with the help of the regulated broker.

The traders can extract a profit of up to $100 from the welcome bonus. Tickmill offers the bonus only once to each client. The broker does not allow the hedging of assets. There can be no transfer of the bonus, and the leverage has to be adjusted according to the needs of the traders.

Tickmill’s NFP Machine

Take part in the grand Non-farm Payroll event by trading in significant financial instruments and then stand to win rich prizes. The NFP Machine event is pretty unique. To take part in the NFP Machine Campaign of the platform, the trader has to predict the US labor report data and then stand a chance to win the prize.

The rules of the campaign are pretty simple. During the NFP week, the online trading platform selects a financial instrument. It challenges the trader to guess the price of the selected asset on the MetaTrader 4 platform after the release of the NFP.

A perfect trading session at the NFP Campaign will fetch at least $500 for the trader, and if the trader makes an automatically close prediction, then the player wins a cash prize of $200. The entire action takes place at the Woobox Platform. Register during the NFP week with your trading account details and prediction to participate in the NFP Machine.

Get Paid to Trade

The platform of Tickmill is dedicated to the development and success of the traders to the extent that the platform offers cash prizes in the form of rebates to the traders. Tickmill has a rebate program in place to reward the traders with cash prizes.

To take part in the rebate program, the trader has to open a live trading account and then make an initial deposit of at least $200 to start to trade and invest in various assets. The company offers rebates on a monthly basis to the clients, and one can earn around $0.25 to $0.75 for each lot based on the monthly volume of trading.

Get Paid to Trade by Tickmill

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Tickmill Loyalty Program

Tickmill does not hold back when it comes to rewarding the active traders for their loyalty to the online trading platform. The traders are not only provided with an excellent trading interface but also with an excellent rebate program. To earn the cash rebate, the loyal trader has to make a deposit of at least $200 in the platform account. The cash rebate comes in the form of a tier system as tabulated below:-

Tier level Number of Lots Rebate
1 0-1000 $0.25
2 1001-3000 $0.50
3 More than 3001 $0.75

Resources Offered by Tickmill

According to Tickmill review, the Tickmill team offers a wide variety of resources to the trading account holders for a lucrative trading experience at the website, as enlisted below:-

Educational resources, such as Market insight reports, blogs, technical analysis and fundamental analysis reports of present and past performance, forex glossary, infographics, video tutorials, ebooks, seminars, and webinars to learn about trading.

Trading tools and other different instruments, like Acuity trading, advanced trading toolkit, pelican trading, auto market maker, Tickmill VPS market maker, forex calculator, economic calendar, Myfxbook copy trading, and autochartist to tackle a high degree of risk and leverage.

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Tickmill Affiliate Program

The Affiliate Program of Tickmill Ltd website comprises a partners venture that allows the traders of the country to earn a good Tickmill offering by inviting new users and referring them to the brokers of Tickmill. The trader who invites a new user receives a commission interest from Tickmill Group when the new user opens a professional trading account at the website and starts live trading. Recommend Tickmill website to your acquaintances today.

Tickmill App

The mobile trading platform of Tickmill is highly functional and especially beneficial to practice trading in the industry. It has an intuitive and user-friendly interface that provides easy access to the services and charting tools of Tickmill. The user may download the mobile application of Tickmill from the app store of Android, Windows, and iOS and sign in to the user-friendly platform to conduct mobile trading on the go. The mobile application also allows the users to get in touch with the brokers for initial investment advice. Thus the app is a must to utilize its key features.

Tickmill Security Measures

Tickmill sets a high priority to security, although the website feels outdated. The customer has to submit KYC documents to the website for compliance with anti-money laundering regulations. The web platform maintains high financial security as well. The execution of transactions and capital investment in forex and CFDs takes place transparently, and the users pay safely without being heckled by third-party authorities.

Tickmill Customer Support

As per Tickmill broker review and our research, we can say that the Tickmill support team provides free customer service to the users. The customer support assistants at the website are available 24×7 for help. At Tickmill, customer service is available over email, phone, and live chat. Dial +852 5808 2921 or email [email protected] to receive a response within 24 hours. For emergency issues, one may get in touch with the customer support assistants over live chat. For help with more details, the FAQ section is the best. Data related to trading, capital, and free banking is available at the website in great detail in the FAQ section for informational purposes.

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Tickmill Review: Conclusion

It is evident from the Tickmill review and overall rating that the broker is ideal for both beginners and experts in the industry. Traders engage in intense forex trading at the broker site of Tickmill for free. The educational hub of Tickmill is highly suited for all, and the smart tools, popular instruments, and technologies enable the extraction of decent profits.

What makes Tickmill better than other brokers in the country is the great customizability of the trading interface. Traders can customize the interface and engage in the execution of orders with incredible efficiency and accuracy by investing their capital.

To protect the minimum balance of high-risk traders who tend to lose money when trading CFDs, the mobile trading platform takes the necessary steps of allowing CFD trading through other assets to be traded. While some improvements regarding the addition of more tools, enhancement of the interface, reduction of fees, and incorporation of more assets to be traded are needed yet, overall, Tickmill is the best for trading, scalping, and capital investment in assets.

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FAQs

Is Tickmill Legal in Malaysia?

Tickmill accepts clients based in Malaysia. According to the Tickmill review, it operates legally in the country subject to the regulations of the FSCA (Financial Sector Conduct Authority), Financial Conduct Authority FCA, FSA, CySEC, and Seychelles Financial Services Authority.

Is Tickmill Regulated in the UK?

Tickmill safe features are regulated by the Financial Conduct Authority FCA of the UK.

How Long Does It Take to Withdraw From Tickmill?

Withdrawals get processed within 24 hours. The broker processes wallet transfers in an instant and takes at least one day for bank transfers.

Is Tickmill a True ECN Broker?

Tickmill is an award-winning international ECN forex broker that is authorized and regulated by the Financial Conduct Authority of the UK and the FSA of Seychelles.

Can Tickmill Be Trusted?

Tickmill is a trustworthy and reputed brokerage platform registered and regulated by the Cyprus Securities and Exchange Commission, the FCA, and the FSA.

Is the Tickmill Bonus Legit?

The welcome bonus of $30 is a legit investment recommendation and needs to be claimed for accepting the offer.

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