Tickmill Review – Top Key Points 2021
Tickmill Review 2021 Overview
Tickmill is a popular global forex and CFD broker regulated by top-tier financial authorities. It offers a minimal selection of tradeable instruments, where the Forex market remains the main focus and fewer other instruments from stocks indices, gold & silver, and 4 bonds. While Forex trading cost is highly competitive and CFD trading cost is industry average. Tickmill provides industry-leading research tools and educational materials. MetaTrader 4 is the only trading platform available as a web trader and downloadable platform.
Top Key Points for Tickmill in 2021
In our 2021 broker lists, Tickmill is one of the most trusted brokerage firm. Founded in 2014, 7+ years of financial market experience.
One of the lowest cost broker in the industry
Currently offering 62 currency pairs including major, minor, and exotic pair
Regulated in one tier-1 jurisdiction (FCA), and two tier-2 jurisdictions (CySEC, FSA)
Is Tickmill safe or a scam?
Tickmill is one of the most trusted online Forex and CFD broker, regulated by top-tier regulatory jurisdiction. It’s a comparably new broker founded in 2014 and has 7+ years of experience in the financial market. Tickmill primarily regulated by the Seychelles Financial Services Authority (FSA), Seychelles is an archipelago of 115 small islands in the Indian Ocean, off East Africa. In order to increase their credibility and gain acceptance among traders, they took authorization from the FCA (Financial Conduct Authority), which allowed Tickmill to offer a more secure, secure, and user-friendly trading environment. Another benefit of FCA-regulated brokers is, they also a member of the Financial Services Compensation Scheme (FSCS), under this scam up to £ 85,000 clients’ funds are protected, which means if anything goes wrong with these brokers traders will get up to £ 85,000 compensation funds. Tickmill operates in Europe under CySEC regulation which is compliant with the EU’s Anti-Money Laundering Directive, where up to € 20,000 clients’ funds are protected under The Investor Compensation Fund (CIF). Tickmill is not a publicly-traded company and does not operate a bank. On top of that Tickmill provides negative balance protection and clients ‘money is kept in a segregated bank account at regulated banks, it never uses clients’ money for its own business activity due to regulations. In the last 6 years, they have gained a lot of reputation from the international trading community.
In the past, it was accused of stop-loss hunting and market manipulation, after investigated by regulators they don’t found it guilty.
- Founded in 2014, serving almost 111k clients worldwide with a wonderful reputation for more than 7 years
- Regulated by some of the strictest regulatory institutions.
- Negative balance protection
- Lowest cost trading opportunity
- Compensation fund available only for European clients
Tickmill Review : Tickmill licenses
Tickmill broker licensed globally from multiple regulatory institutions. Regulatory institutions as follow as:
- Tickmill regulated by the Seychelles Financial Services Authority (FSA), the license under number: SD008
- Tickmill UK LTD is authorized and regulated by Financial Conduct Authority (FCA), register number: 717270
- Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a CIF limited company, License number: 278/15
- Tickmill Asia Ltd is authorized and regulated by the Labuan Financial Services Authority. License number: MB/18/0028
- Tickmill South Africa (Pty) Ltd is authorized and regulated by the Financial Sector Conduct Authority (FSCA), License number: FSP 49464
Trading Instrument available at Tickmill broker
Although Tickmill offers fewer tradeable instruments than most other brokers in the industry, there is still plenty of opportunities to diversify your portfolio, especially when your main focus is trading Forex because Tickmill offers 60+ currency pairs including major, minor, exotic pairs with up to 1:500 leverage. But those who are looking for cross-asset diversification may be disappointed. Currently, they are offering 85 tradeable instruments encompassing mostly currency pairs including popular markets and some exotic pairs as well as Forex, stock indices and oil, precious metals, and bonds.
Cryptocurrency: Cryptocurrency trading is not available right now, although recently cryptocurrency is booming and it became one of the most evident assets class. Hopefully, they will add cryptocurrencies near future too.
The following table summarizes the different Instrument available at Tickmill broker:
| Features | Tickmill |
|---|---|
| Total Instruments | 85 |
| Copy Trading | Yes |
| Cryptocurrency | No |
| Cryptocurrency (CFD) | No |
| Forex Pairs | 62 |
| Stocks indices & oil | 16 |
| Precious Metals | gold & silver |
| Bonds | 4 |
Commissions and Fees
Trading Cost: Tickmill offers both commission-based and commission-free trading opportunities. Total three account types are available classic, pro, and VIP account. where the classic account is commission-free and operates under the market maker model with minimum spread listed at 1.6 pips in EUR/USD pair. Pro and VIP account operate under the NDD model, where spreads are highly competitive starts from 0.0 pips and a small commission of $4 and $2 per lot, respectively. Pro account can be accessed by depositing only $100, and to access VIP account you need a minimum of $50k deposit. Pro and VIP account have a significantly bigger advantage over the classic account. VIP account only for professionals and for average trader we prefer pro account.
Overall Tickmill provides highly competitive pricing across the board, they also feature an active trader program that minimizes trading costs further. And no hidden fees which make it very comfortable for both beginners and advanced traders.
| Features | Classic | Pro | VIP |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | $0 |
| Minimum Balance | $0 | $0 | $50000 |
| Average Spread at EUR/USD | 1.6 pips | 0.0 pips | 0.0 pips |
| Rebate program | Yes | Yes | Yes |
| Max Leverage | 1:500 | 1:500 | 1:500 |
| Minimum Balance | Zero Commissions | 2 per side/ standard lot | 1 per side/ standard lot |
Account Types
The market was much more volatile due to the coronavirus pandemic in the second quarter of last year, so we noticed a slightly higher spread than usual.
back to menu ↑ back to menu ↑Tickmill: Rebate Program
Tickmill offers three tiers for active traders, with rebates starting at $0.25 per standard for up to 1000 standard lots per month, to as much as $0.75 at tier-3 for those who trade more than 3001 standard lots monthly.
Tickmill provides rebates (pricing discounts) to its active traders (trade high volume qualify as professionals under Tickmill rules), there are three levels of rebate program available, to be eligible as an active trader you have to trade over 1k standard lot worth of volume per month, for tier-1 you will get $0.25 rebate upon your spread. and if 3001 or more standard lot traded will get $0.75 rebate per 100k traded.
Rebates depend on traders’ monthly trading volume.
back to menu ↑ back to menu ↑Deposit and withdrawal fees
There are no fees while making deposits and withdrawals. Multiple payment methods are available for funding. The minimum deposit amount is 100 units in the base currency, which translates to $100 for U.S. accounts.
Different deposit methods offered by Tickmill:
- Bank Wire Transfer
- Credit/Debit Cards, MasterCard, Visa
- E-wallets: Skrill, Neteller, Sticpay, fasapay, QIWI, Union pay, Nganluong.vn, and Webmoney
Trading Platforms and Tools available at Tickmill
The only trading platform Tickmill is offering is MetaTrader 4, either you can download it and install it on your device or you can use MT4 as a web platform without installing directly from the browser. Unfortunately, their MetaTrader 4 does not have any significant features that will keep them ahead of other broker’s platform offers. They don’t even offer the metatrader5 platform. However, they provide VPS hosting at a very low price with ultra-fast executing time. With multiple order types, advanced charting systems, and powerful indicators that help traders to enhance trading activities and reach the trading goal.
| Features | Tickmill |
|---|---|
| Proprietary Platform | No |
| MT4 | Yes |
| MT5 | No |
| cTrader | No |
| DupliTrade | No |
| ZuluTrade | No |
| NinjaTrade | No |
| Charting Indicators | 51 |
| Charting Drawing tools | 31 |
| Copy Trading | Yes |
| Demo Account | Yes |
Tickmill Review: Research Tools
Tickmill offers a wide range of research tools from a combination of in-house and third parties resources. Tickmill provides highly competitive research tools, they have a wide range of versatile technical analysis tools that helps traders to speculate next market moves and take the best trade. Specially Autochartist tools help automated technical analysis and make informed trading decisions when trading CFDs on Forex. They publish professional-quality blog posts doing market analysis.
Article section divided into market insight, fund analysis (refer to fundamental analysis), Tech analysis (refer to technical analysis), and some individual articles about major financial events.
They have a dedicated blog site for market research and education. 11 financial experts basically write their recharge and education articles. Every day they post multiple technical and fundamental analyses. Not to mention four different Forex calculators and economic calendars powered by Google TradingView.
Copy-trading: Copytrading or social trading are becoming very popular day by day. They don’t have any integrated solution for copy trading. They provide copy trading services through Myfxbook, a third-party monitoring service. With Myfxbook, you can view the trading strategies of the experts and the verified history of their trading results and easily copy the expert of your choice.
| Features | Tickmill |
|---|---|
| Market Insights | Yes |
| Technical analysis | Yes |
| Fundamental analysis | Yes |
| New | Yes |
| Trading Signals | No |
| Autochartist | Yes |
| Copy Trading | Yes |
| Forex calculators | Yes |
| Economic Calendar | Yes |
Tickmill Review: Education
Tickmill provides advanced-level educational materials for free, resources like beginner forex courses, webinars, some useful basic ebooks about some essential topics, infographics about major events, And a handful of video tutorials about Basic forex trading, Market analysis, Trading Psychology, Trading Strategies, Social Trading, Stocks, MT4, CFDs, Managed Accounts, Technical Indicators. We found Infographics quality very high, and other resources also some of the best in class.
back to menu ↑ back to menu ↑Tickmill Review: Conclusion
Overall, Tickmill is a highly trusted broker regulated by top-tier financial institutions, offering some of the lowest trading costs along with brilliant research tools. Tickmill could be an excellent choice for forex traders both beginners and advanced traders. Not to mention their rich educational resources will satisfy most beginners and advanced traders. Tickmill broker is one of the top 10 brokers in our 2021 broker list.
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