Tickmill Review 2023

This CFD broker employs more than 150 staff members worldwide to run its business well while continuously improving trading conditions as best as possible so as not to disappoint clients. Although it is a mid-sized broker, Tickmill has plenty to offer traders and investors of all skill and experience levels. This includes a range of educational resources that will help you to design and execute trading strategies, and it also provides some very competitive trading conditions.

  • Read our full explanation and accounting of our research and testing process to learn more about how we test.
  • It offers well-thought-out CQG setups and DMA access on various exchanges for smaller or high-frequency futures traders.
  • There is a dedicated page of the website that is easy to find and lists the spreads and swaps for all assets.
  • Unregulated brokers do not have to report to a governing body.
  • Tickmill provides a degree of risk management to improving trading conditions.

When trading CFDs on Forex, Metals, Stock Indices, Oil, and Cryptocurrencies, use Autochartist, one of the most adaptable technical analysis tools, to make educated trading decisions. tickmill review Tickmill provides Autochartist for free to all clients that have a live account. Tickmill was founded in 2014 and has since grown into a globally recognized brokerage firm.

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Tickmill offers 8 of the 11 features, while offering average spreads of 0.51 which helped contribute to the broker ranking #1 out of 62 brokers in this category. Tickmill is an excellent multi-asset broker that offers truly low-cost forex trading; the broker’s Pro and VIP accounts are among the least expensive in the industry. Tickmill provides both MetaTrader 4 and MetaTrader 5, as well as third-party services like TradingView and Signal Centre, powered by Acuity Trading. Tickmill’s overall offering continues to grow, but it offers fewer CFDs than the best multi-asset forex brokers. Tickmill provides its clients with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform, which is the most popular trading platform among forex traders.

The minimum deposit and withdrawal amounts are $100 and $25, respectively. Withdrawal times are kept between instant and seven business days. There is no charge for any of the payment methods, however, a thrid-party fee may apply. Tickmill covers fees for wire deposits above $5,000, up to $100.

  • Tickmill’s regulation by the FCA and CySEC means that traders registered under the two entities are entitled to deposit compensation schemes of up to £85,000 and €20,000 respectively.
  • According to its website, Tickmill Group has over 250 staff and more than 327,000 customers.
  • Dear keroloss abdelmassih,Thank you so much for this 5-star review.

Tickmill has received numerous accolades for its exceptional services. Tickmill Asia applies for clients in Malaysia, all clients outside Tickmill subsidiaries that have FCA, CySEC, LFSA and FSCA regulation will have FSA regulation. While Tickmill policies for FSA will be in line with other regulators, you need to remember that FSA is an offshore regulator. So if you have any complaints, you may not have the protection you need to settle disputes in case of scams.

We tested the Classic Account which only charges a spread without commissions. For this review, we opened an account under Tickmill UK Ltd which is regulated by Financial Conduct Authority (FCA) for our tests where we deposited money, placed trades, and withdrew our funds. The only reason Tickmill doesn’t receive a perfect rating for customer service is that the live chat is unavailable on weekends. That would have been convenient for crypto traders who encounter issues outside of regular business hours.

Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
Tickmill also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil and Crypto for your best choice. Besides lots of currency pair,
Tickmill also offers some instruments you would like to trade on, such as
Forex, CFD and Crypto for your best choice. Besides lots of currency pair,
Tickmill also offers some instruments you would like to trade on, such as
Forex and Crypto for your best choice. Besides lots of currency pair,
Tickmill also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil, Stocks and Crypto for your best choice.

Research at Tickmill

We were disappointed to find out that the broker does not have a Live Chat function, which is a crucial support channel offered by most brokers. However, the bonus is only provided by Tickmill Ltd and does not apply to clients from certain countries. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing. All the deposit methods offered by Tickmill are instant and free, except for bank transfers, which take 1 working day and usually incur a $25 fee charged by the bank. Unlike other brokers, Tickmill allows you to choose the entity under which you want to open an account giving you the option to choose the UK entity, which we did. Tickmill’s regulation by the FCA and CySEC means that traders registered under the two entities are entitled to deposit compensation schemes of up to £85,000 and €20,000 respectively.

Market Insights

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Tickmill offers an extensive range of trading instruments across various asset classes, allowing traders to diversify their portfolios. Clients can access major and minor currency pairs in the forex market, trade stock indices, commodities, bonds, cryptocurrencies, and select stocks. Looking at our database, the average forex broker offers 6 of the 11 features variables we track in the commissions & fees category, and has average spreads of 1.04 when trading the EUR/USD.

Is Tickmill safe?

Absence of stocks – real or CFD is a big drawback of Tickmill. In terms of drawbacks of protection, account login is not sufficiently secure. The size of the swaps on FXTM is close to the market level, which makes application of not only short-term, but also medium-term strategies beneficial.

Overall, Tickmill can be summarised as a trustworthy broker that is very well-regulated and it has a trust score of 94 out of 100. One of the most recent awards Tickmill won was at the Ultimate Fintech Awards for the best Forex spreads in 2022! You can review the long list of awards the broker has won here. We contacted the representatives of Tickmill customer support on more than one occasion and every time our issue was settled. Tickmill pays a lot of attention to educational materials, primarily focusing on the novice traders. On average, two articles with technical analysis of the charts are published a day.

Tickmill Customer Reviews

You can use the Web Trader version of MT4 or a downloadable version for Windows, macOS, Android or iOS. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

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