Tickmill Review – Online Platforms, Commission, Leverage, Account Types, Features & more
Nikolai Nikolajenko established Tickmill in 2014 in the United Kingdom.
Regulated by 5 entities, Tickmill is a broker that deals in currencies, commodities, and indices, bonds and futures.
Several trading platforms include the globally renowned Meta Trader 4.
They collect commissions on trades but have no fixed spreads. Maximum leverage is 1:500. Tickmill Review is positive.
About Tickmill & Accepted Countries
|Founder / CEO||Nikolai Nikolajenko|
|Regulations||CySEC, FCA, FSA(SC), FSCA, Labuan FSA|
Tickmill has earned a favorable reputation as a low-cost CFD and forex broker. Several august authorities like the FCA have regulated them.
Deposits and withdrawals offer free options. Bank transfer, credit/debit cards, and electronic wallets facilitate deposits.
The demo account is free and an excellent way to test the trading capabilities. The company offers 4 base currencies.
MetaTrader 4 works in numerous languages which means a larger reach. Arabic, Dutch, Chinese, Finnish, and Hindi are some. Japanese and Korean are others.
Tickmill has 5 regulatory bodies that are located in the UK, Cyprus, Seychelles, South Africa, and Malaysia. Registrations have been made in Italy and Spain, France, Germany, and the UK too.
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Tickmill Trading Platforms
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Farsi, french, german, greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Malaysian, Polish, Portuguese, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Thai, Turkish, Vietnamese|
The chief Tickmill platform being the versatile Meta Trader 4, exquisite highly reliable features abound.
Along with a desktop browser platform, the company offers desktop platforms for Windows and Mac systems. Mobile platforms cater to both the android and iOS operating systems.
Some facilities offered are real-time updates, portfolio details, research reports, and global indices.
The trading platforms also offer personalized advisory, interactive charts, live markets, and multiple account management.
Tickmill has not developed its own trading platform. MetaTrader 4 is a third-party platform but may be highly customized the way traders want it with changes of tabs, charts, and workspaces.
The different versions of MT4 suit the needs of the browser requirements, Windows and Mac, android and iOS.
With the mighty demand of smartphone trading via the internet across journeys and vacations, mobile apps cater to the android and iOS versions.
Tickmill Review appreciates the diverse trading platforms.
Tickmill Mobile App
The company offers a super Tickmill App trading platform abounding in rich features, based on MT4.
An attractive design and customer-friendly structure are the hallmarks of a powerful search function. Price alerts are available.
Basically, similar in function and downloaded free from Google Play Store or Apple Store, the Tickmill App is meant for the android and iOS systems.
Downloads are very fast but that depends upon the internet speed. Smartphones with these 2 operating systems are spread all over the globe.
In terms of features, there are limits to the capabilities of small screens that stress the eyes and mind.
Yet, almost all the functions found on larger desktop screens are available on mobile apps.
Check out Mobile Apps of more Forex Brokers
Tickmill Commission or Brokerage or Fees
|Commission on trades||Yes|
Trade with Tickmill and pay average CFD fees and low Forex fees.
Tickmill Commission is usually quite low.
Get the lowest possible spreads on every major and gold too. Very low commissions mean that traders reduce costs and optimize incomes.
Swap rates being minimal, traders keep positions open longer with no worry about financial stress. Traders do not pay any inactivity fee either.
The trading fee and Tickmill Commission differ according to the account types. Consider the following example from the Pro account.
Fees during peak trading hours
Low fees for EURUSD – Pro account pricing is €2 commission per trade per lot plus the spread cost that is usually about 0.1 pips.
The low fee for GBPUSD – Pro account pricing is £2 commission per trade per lot plus the spread cost that may be 0.3 pips.
Low fees – S&P 500 CFD refers to the spread that is usually 0.4 points.
Tickmill Exposure or Leverage
The Tickmill leverage terms differ according to retail accounts and professional traders. Further, leverage differs according to the region.
Tickmill Ltd allows retailers maximum leverage of 1:500. In Tickmill UK Ltd and Tickmill Europe Ltd, retailers have a leverage of 1:30.
Professional traders get higher leverages. Tickmill UK Ltd gives 1:500. Tickmill Europe Ltd allows 1:300.
How does one become a professional trader?
- Minimum of one year of experience in a financial position
- Average of 10 trades every quarter for the previous 4 quarters
- Financial instruments portfolio higher than Eur 500k
Islamic accounts do not carry swap charges. Rather, an administration fee is collected for holding exotic currencies longer than 3 nights.
Payment Methods provided by Tickmill
|Deposit||Credit Card, Neteller, PayPal, Skrill, Western Union, Wire Transfer|
|Withdraw||Cash-U, Credit Card, Moneybookers, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer|
Tickmill does not charge any fee for fund deposit and withdrawal. Services are very fast too. Traders find it easy with the many options offered.
Bank transfers and credit/cards may be used along with many electronic wallets that have become very common.
The company offers EUR, GBP, USD, and PLN as the 4 base currencies.
Some examples of electronic wallets accepted by the company: Neteller, Skrill, dotpay, Sofort, and Rapid by Skrill. Others are:
- China Union Pay
- Ngang Luong
Similar to deposits, withdrawals also are free and no fee is charged. Traders use the same deposit methods for withdrawals too.
Withdrawals may take 1 business day. Withdrawals are only possible with the same account name.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by Tickmill
|Total Tradable Assets||136|
|Number Of Currency Pairs||62|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||0|
|Number Of Indices||14|
|Number Of Commodities||5|
|Number Of Futures||51|
|Number Of Options||N/A|
|Number Of Bonds||4|
|Number Of ETFs||N/A|
Tickmill is meant for traders interested in Forex, stock indices, oil, precious metals, bonds, and cryptocurrencies.
You can trade CFDs on Forex, stock indices, commodities, and German government bonds.
The company currency pair selection is not very big. You can trade certain CFDs on stock indexes, commodities, and bonds.
- Currency pairs 56
- Stock index CFDs 14
- Commodity CFDs 2
- Bond CFDs 4
CFD trading carries high risk! Researched trading reduces the risk factors and ample practice trading with the demo account is needed.
Changing leverage levels
The company allows a change in leverage which is a great advantage in trading and reduces the risk. Preset leverage levels in Forex and CFD trading are high.
Trade-in assets very carefully. Stocks CFDs should trade with lower leverage levels to decrease the risk factor.
Tickmill Virtual Trading or Demo Account
The company offers a free demo account that provides invaluable lessons on practical trading. Virtual trading is safe and free from the constant danger of losing money that traders face.
The truth is that live trading conditions are reflected and trades are placed on over 80 instruments by way of practice.
It is a safe trading haven and should be treated as compulsory for beginners and advanced traders alike.
Each company has a different software structure though all brokers are essentially the same.
Get used to the company policies and philosophies, technical analyses features, and trading procedures with a few determined sessions of the demo account.
Avoid haste and give it sufficient time to know the intricacies.
Tickmill offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
‘Get Paid to Trade’ is an interesting scheme offered by the leading broker Tickmill.
Meant for those who are quite passionate about trading with the requisite skills and confidence, the idea is to earn more by trading more.
- Open a live account with the company.
- Make a minimum deposit of $200 or an equal amount in another currency.
- Start trading with the aim of earning rebates.
A 3-tier system decides the rewards
According to the volume of trade during the month, you are entitled to certain rebates. The rebate varies between $0.25 per lot and $0.75 per lot according to the trading volume.
In Tier 1, trade between 1 and 1000 lots attracts earnings of $0.25 per standard lot.
Tier 2, trade between 1001 and 3000 lots attracts earnings of $0.50 per standard lot.
In Tier 3, trade of 3001 lots and above attracts earnings of $0.75 per standard lot.
Tickmill Regulation or Licensing
|Regulations||CySEC, FCA, FSA(SC), FSCA, Labuan FSA|
Tickmill has 5 regulatory bodies according to the different regions governing them
- Tickmill UK Ltd is regulated by the Financial Conduct Authority in London
- Europe is regulated by the Cyprus Securities and Exchange Commission, Cyprus
- South Africa is regulated by the Financial Sector Conduct Authority, Cape Town
- Tickmill Ltd is regulated by the Financial Services Authority, Seychelles
- Tickmill Asia Ltd is regulated by theFinancial Services Authority, Lauban Malaysia
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
Among the several splendid features that attract clients globally to the company, check out a few educational materials and technical tools.
Technical trading tools
Advanced trading tools abound with the company to put traders ahead of the bitter rat race that is global online trading.
Some of them are the Autochartist, Pelican Trading, and the Economic Calendar.
Why not try out Myfxbook Copy Trading that puts you in league with some super traders.
Forex calculators are absolutely essential since the chief agenda is Forex. Try out TickmillVPS too.
Learn the lessons well in the free demo account and never look back.
Educational research materials
Where would traders be without the research? Tickmill takes good care of trader education with seminars and webinars on important aspects just as they happen in the markets.
Video tutorials and ebooks are how learning is done nowadays and it is a good stock of study materials out there.
Fundamental analysis and infographics put issues in the right perspective to be learned at a glance.
Articles and market insights provide ongoing depth of awareness that never fades during the trading career.
Tickmill Account Types
Take a look at the types of accounts that the company is offering:
|Account Type||PRO ACCOUNT||CLASSIC ACCOUNT||VIP ACCOUNT|
|Initial Deposit||100 USD||100 USD||50,000 USD|
|Spread||From 0 pips||Starts From 1.6 pips||From 0 pips|
|Commission||2 per side, per 100,000||Zero||1 per side, per 100,000|
|Leverage||30:1 (Retail) 300;1 (Professional)||its 30:1 (Retail) 300;1 (Professional)||30:1 (Retail) 300;1 (Professional)|
Tickmill Review reflects 3 account types offered:
- Pro Account
- Classic Account
- VIP Account
An initial deposit of USD 100 is required. Spread commences from 0 pips. Commission is charged @ 2 per side, per 100,000.
Leverages differ for retail and professional traders. Retail leverage is 30:1. Professional leverage is 300:1.
The initial deposit is USD 100. Spread commences from 1.6 pips. No commission is charged. Retail leverage is 30:1. Professional leverage is 300:1.
The initial deposit required is USD 50000. Spreads begin at 0 pips. Commission is charged @ 1 per side, per 100,000. Retail leverage is 30:1. Professional leverage is 300:1.
Tickmill Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||No dealing desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
Tickmill – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
Trading with the superior MT4 with low commissions and no fixed spreads on 5 types of investments is an attractive proposition.
Trade 62 currency pairs with low spreads and fast executions.
They include minors, majors, and exotics. Access stock indices and oil with no commission payments. Gold and silver investments never fade.
Among the chief benefits of this company are fully customizable charts and superior market analysis tools. Along with a built-in economic calendar are advanced pending orders.
Choose from 3 types of accounts with similar leverage at 1:500. Pro and VIP accounts charge commissions but Classic accounts do not.
Tickmill Cons or Drawbacks
While the positive side has many crucial points, a few downsides are also visible:
- In comparison with some other online brokers, the number of assets is not very big.
- The videos on the platform are not put in sections or categories.
- Customer support does not extend to 24/7.
- The quality of the news feed is limited and unsatisfactory without a structure.
- Charting tools follow an outdated design format.
- The currency pair selection number is average.
- 73% of the retailers lose money in CFD trades here.
Tickmill Trading Hours
The trading hours across 5 days a week from Monday to Friday take place around the clock for 24 hours.
However, according to markets and assets, specific timings are mentioned for trading. The MT4 terminal also indicates the trading hours.
Make sure that the timings are confirmed in advance because changes might take place without notice.
Tickmill Customer Care or Contact Details
|Support During Weekends||No|
|Live Chat Support||Yes|
|Customer Support Languages||Arabic, Chinese, English, German, Indonesian, Italian, Japanese, Korean, Malaysian, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese|
The company has dedicated customer service that received an award in 2021.
Available through phone and email, the postal address is indicated for Malaysia and Seychelles.
Client support: 852 5808 2921
Address: 3, F28-F29, Eden Plaza, Eden Island, Mahe, Seychelles, Malaysia
Client support: 6087 504 565
Address: Office no 5, Unit 25, 1st floor, Paragon Labuan, Jalan Tun, Mustapha, 87007, Labuan F.T. Malaysia
Tickmill Safety & Security
While some brokers do not have even a single regulatory authority, Tickmill has received the green signal from 5 entities in different countries.
According to the different regions like the UK and Europe, Malaysia, South Africa, and Seychelles, the terms and conditions of trade differ.
The 5 regulators should provide ample security for trader funds and personal data. It indicates that safety data protocols are being followed.
In 2021 itself, the company earned a few group awards. Best Forex Trading Experience and Best Forex Customer Service are some of them.
Tickmill Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||65|
Tickmill Forex Trading – Conclusion or Verdict
There is no doubt that Tickmill deserves global clients with its attractive MT4 platforms and low commissions and spreads.
Forex and CFD lovers would find superb trading facilities and opportunities.
The systems are very fast and the fees are very low. Deposits and withdrawals do not charge any fee.
Tickmill Forex Trading FAQs
Here is the list of FAQs related to the Tickmill forex trader:
Is Tickmill Safe for Trading?
Yes. The fact that Tickmill is an awarded company that has 5 regulatory bodies in different parts of the world should be ensuring enough.
A fair reputation, low commissions, and spreads along with excellent multilingual customer support make it safe for funds and personal data.
What is the Commission for Tickmill?
Commissions differ according to the account type and asset traded. In the Pro account, the commission is 2 per side, per 100,000.
The Classic account has zero commission. In the VIP account, the commission charged is 1 per side, per 100,000.
How to Open a Trading Account with Tickmill?
Follow a few steps. Select the regulator. Enter Name, residence, email, and phone number.
Date of birth and address. Base currency, Financial information, and Level of trading experience. Select the account type – pro, classic, or VIP.
Upload documents to verify identity and residence.
Can I invest in Cryptocurrency with Tickmill?
Yes. The company deals in Cryptocurrency along with several other markets. BTCUSD, ETHUSD, and LTCUSD are some of them.
In these examples, the crypto price is studied in relation to the USD.
What leverage does Tickmill provide?
Leverage is different for retail traders and for professionals. Retailers have a leverage of 30:1. Professionals get leverage of 300:1.
The figures apply to all the 3 account types, Pro, Classic, and VIP accounts.
Does Tickmill have a trading app?
Yes. Based on MetaTrader 4 software, a Web Trader is used via the browser.
Windows and Mac desktop versions are available. Mobile apps that are also based on MT4 cater to the needs of android and iOS operating systems.
How to contact Tickmill customer care?
Customer care contact info in Seychelles and Malaysia is available.
They respond by email and phone.
The postal address is also available. Social media contact should also be possible. Multilingual dedicated customer support is delivered.
Is Tickmill Regulated?
The company has 5 regulatory bodies according to the different regions. London, Cyprus, South Africa, Malaysia, and Seychelles are the different regulatory bodies of Tickmill.
Terms and conditions of trading differ slightly across the different jurisdictions.
Is Tickmill good for Beginners?
Yes. The free demo account is the perfect training ground with virtual currency without the danger of losing real money.
The company also offers research facilities that help traders practice safe trading.
Who founded Tickmill?
Nikolai Nikolajenko is the founder of Tickmill, a company that was established in the UK in 2014.
They deal principally in currencies, commodities and indices, bonds, and futures.
Trading platforms are based on MetaTrader 4 software.
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