Tickmill

Tickmill Review: Is Tickmill any good?

Tickmill Broker Overview and General Information

Tickmill is a UK FCA-licensed and regulated forex broker founded in 2015 by experienced traders, focusing on providing efficient, fast and liquid services to traders. Tickmill has developed a high-speed trading platform that supports stable high volume trading and low spreads, meeting the needs of traders looking for a high-performance broker with good service.

Licenses Tickmill has obtained

If you ask if Tickmill is good, you should start by considering the license factor first. The broker has the following licenses:

• FSA Seychelles (Financial Services Authority) License No. SD008 under Tickmill Ltd.

• FCA UK (Financial Conduct Authority United Kingdom) License No. 717270 under Tickmill UK Ltd 

• DFSA (Dubai Financial Services Authority) License No. F007663 under Tickmill UK Ltd.

• CySEC as a CIF Limited Company, License No. 278/15 under Tickmill Europe Ltd.

• FSCA (Financial Sector Conduct Authority) License No. FSP 49464 under Tickmill South Africa (Pty).

• CySEC (Cyprus Securities and Exchange Commission) under Tickmill Europe Ltd 

Trading products and services

Tickmill offers a wide range of trading products including CFDs, Forex, Stock Indices, Metals, Commodities, etc. There are over 80 CFD products and they are flexible to trade.

• CFDs

• Forex

• Stock Indices

• Metals

Trading Platform

Tickmill offers a wide range of trading platforms, suitable for both beginner and professional traders, including:

1. MetaTrader4:A popular and easy-to-use platform with a full range of analytical tools and support for Expert Advisors (EA) suitable for traders of all levels.

2. MetaTrader5:A new generation platform with additional features such as Depth of Market and Hedging, ideal for traders who need advanced tools.

3. Tickmill WebTrader:Web-based platform, no download required, ideal for traders who want to access their accounts from anywhere.

4. MetaTrader for Mac:The Mac version of the MT4 platform is ideal for traders using Mac.

5. Tickmill Application:Mobile trading application, convenient, easy to use, suitable for traders who want to trade anywhere.

Tickmill Review : Account Types

Tickmill offers a wide range of Forex trading account services to suit different trading needs, including:

Classic Account:

• No commission

• Minimum deposit: $100

• Spreads start at 1.6 pips.

• Maximum leverage 1:1000

Raw Account:

• Low spreads with commission

• Minimum deposit: $100

• Spreads start at 0.0 pips

• Maximum leverage 1:1000

Islamic Account:

• Same conditions as Classic and Raw accounts.

Demo Account:

• For risk-free trading practice

Deposit-Withdrawal Review

Deposit

• How to deposit money: You can deposit via credit/debit card (Visa, MasterCard), bank transfer, and e-wallets such as Neteller, Skrill.

• Minimum deposit: $100

• Deposit Fee: There are no fees for any type of deposit.

• Processing time: Deposits are processed instantly, except for international wire transfers which may take 1-5 business days.

Withdrawal

• How to withdraw money: You can withdraw money through the same methods as you deposit, such as credit/debit cards, bank transfers, e-wallets.

• Minimum withdrawal amount: $25

• Withdrawal Fee: There are no fees for any withdrawal type.Except for bank transfers that have a fee if the withdrawal amount is less than $5,000.

• Processing time: Withdrawals are processed within 1 business day and funds will be credited to your account within 3-7 business days for bank transfers and within 8 business days for credit/debit cards.

Tickmill Pros and Cons

Pros

• Supervised by multiple agencies

• Multiple accounts

• Low spreads 

Cons

• The minimum deposit is quite high (100 USD).

• There is no Swap-free on other account types (except Islamic accounts).

• Commissions are charged on Raw accounts.

• Customer support is available only 5 days a week, from 7:00 AM to 4:00 PM.

• There is no Cent account.

• Withdrawal takes a long time

Office location and contact channels

Head office location:

• 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles

Contact channels:

• Live Chat

• Phone number: +852 5808 7849

• Email:[email protected] 

• website:https://www.tickmill.com/ 

Tickmill Broker Overview Summary

Tickmill is a reliable broker. Its strengths are low spreads, no fees for deposits and withdrawals, suitable for traders of all levels. However, it has weaknesses that may affect trading, such as taking 2 days to verify identity, a minimum deposit of up to $100, long withdrawals, slow response from live chat, Thai staff but no 24-hour service, high deposits, low leverage. In summary, the Tickmill broker has both advantages and disadvantages. Traders should consider carefully before deciding to use the service.

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