Tickmill is one of the most trusted trading platforms and forex brokers in the market. It offers trading services like Forex, Indices, Commodities, Bonds, and CFDs on the MetaTrader4 trading platform in more than 80 markets. Before you invest and start making money on any platform, trust is key. This Tickmill review will break down as a broker and everything they have in store for potential clients.
Rules and Regulation
Tickmill is a reputable financial services provider, that adheres to a set of rules and regulations to ensure a secure and transparent trading environment for its clients. Clients benefit from the stringent oversight of regulatory bodies such as the Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA).
These regulations mandate client fund segregation, ensuring that client funds are kept separate from the company’s operational funds. It also complies with anti-money laundering (AML) and know-your-customer (KYC) procedures to prevent financial crimes and safeguard the integrity of the financial system.
What You Can Trade on Tickmill
When you open an account with Tickmill, you’ll have access to a variety of instruments to trade. Here are some trading options for you:
Currencies
Trade major, minor, and exotic currency pairs with tight spreads and no commissions. It offers over 60 pairs including EUR/USD, GBP/USD, and USD/JPY.
Indices
Speculate on the world’s most popular stock indices like the S&P 500, FTSE 100 and Nikkei 225. No commissions and ultra-low spreads on all 15 indices.
Commodities
Trade CFDs on hard and soft commodities such as gold, silver, oil and coffee. With variable spreads and margins, you can go long or short on 9 of the most heavily traded commodities.
Stocks
Access over 1500 US and UK stocks with zero commissions. You’ll find big names like Apple, Amazon, Barclays, and Vodafone with competitive spreads.
Spreads, Commissions, and Fees
When trading with Tickmill, you’ll find certain costs like spreads, commissions, and fees. Spreads refer to the difference between the buy and sell price of an asset. Tickmill’s spreads are variable but are generally very tight, starting from 0.0 pips.
For most traders, it charges no commissions on trades. The only fees you may face are for deposits and withdrawals. Deposits are free via most methods like wire transfers, e-wallets, and debit/credit cards. Withdrawal fees vary depending on the method, ranging from $0 to $30. Inactivity fees may also apply if you do not trade for 6-12 months.
Deposits and Withdrawals
Depositing and withdrawing funds from your Tickmill account is very simple. The Tickmill minimum deposit amount is just $100. You have several convenient options to fund your account and can access your money quickly when needed.
Deposits
To deposit money into your Tickmill account, you can use:
- Bank wire transfers – Funds are available the same day. Low fees.
- Credit/debit cards – Deposits are instant. Fees apply.
- Electronic wallets – Deposit via Skrill, Neteller, or Perfect Money. Fees may apply.
Withdrawals
Withdrawing your funds is just as easy. You can:
- Withdraw to your bank account via wire transfer. Takes 1-3 business days.
- Withdraw to your credit/debit card. Processed within 24 hours.
- Withdraw to your e-wallet. Typically processed the same day or within 24 hours.
How to Create an Account on Tickmill
To create an account on Tickmill, follow these step-by-step guidelines:
- Go to the official Tickmill website in your browser.
- Look for the “Open Account” or similar button on the homepage and click on it.
- Select the type of trading account that suits your preferences and financial goals. Tickmill typically offers various account options, including live and demo accounts.
- Complete the Tickmill registration form with accurate personal details, including your full name, email address, and phone number.
- Input relevant financial information, such as your income details and employment status.
- Tickmill may require you to upload identification documents for verification purposes. This often includes a government-issued ID and proof of residence.
- Carefully read and accept the terms and conditions of Tickmill.
- Choose a secure password for your account and set up additional security measures if offered, such as two-factor authentication.
- Review your information, ensure accuracy, and submit your application.
- Once the account is submitted, wait for Tickmill to review and approve your application. You may receive confirmation via email.
- After getting approved, you can go for Tickmill login and start trading.
Is Tickmill Legit or Scam
Don’t worry, Tickmill is a legitimate forex and CFD broker. Tickmill is regulated by reputable financial authorities like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA).
Your funds and information will be secure with Tickmill thanks to the latest encryption technology and compliance with strict regulatory requirements. You can trade with confidence knowing Tickmill is a legitimate broker committed to protecting clients and providing a good trading experience.
What is the Best Alternative of Tickmill
If you think Tickmill is not good enough for you, then don’t worry! There are some other platforms where you can trade. The best platform can be IC Markets. Check out this comparison between Tickmill and IC Markets:
| Features | Tickmill | IC Markets |
| Regulation | FCA, CySEC, FSA Seychelles | ASIC, CySEC, FSA Seychelles |
| Account Types | Classic, Pro, VIP | Raw Spread, Standard, True ECN, cTrader |
| Minimum Deposit | $100 | $200 |
| Commissions | Varies with account type | Raw Spread accounts have a commission |
| Trading Platforms | MetaTrader 4, MetaTrader 5, WebTrader | MetaTrader 4, MetaTrader 5, cTrader |
| Educational Resources | Webinars, tutorials, market analysis | Educational articles, videos, webinars |
Both Tickmill and IC Markets are reputable brokers with strong regulatory compliance and a range of features. You can also check the IC Markets review if you have interest on this platform. Our experts make a nice review on it so that you can get a proper idea on this platform.
Tickmill Pros and Cons
It is undoubtedly a very useful trading platform. But like anything else, it also has its own downsides that you must be aware of before you opt for this platform. Listed below are the pros and cons of using it:
| Pros | Cons |
| Tickmill UK Ltd is a regulated trading platform and holds licenses from CySEC, FCA, and FSA. | While Tickmill covers major asset classes, the range of available instruments may be more limited compared to some brokers. |
| The user of Tickmill UK Ltd can enjoy a commission-free account. | The choice of payment methods for deposits and withdrawals is relatively restricted compared to some other brokers. |
| The users get access to competitive spreads and overnight swap rates. | |
| Along with other benefits, the users also get a good variety of trading, analysis, and research tools that can take their trading to the next level. | |
| Free deposit and withdrawal |
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Final Thought
Tickmill is a well-regulated broker that offers competitive fees and a good range of trading instruments for most traders. As with any broker, do your research to make sure their offering suits your needs. But if you’re looking for an established broker with competitive spreads, fast execution, and a solid offering for beginners and pros alike, Tickmill is worth checking out. Thank you all for reading this article.
