Tickmill.com Review Is Tickmill A Legit Or Scam Broker

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Tickmill.com Review: Is Tickmill A Legit Or Scam Broker?

Tickmill Review: this is the name of a Forex broker that it is located in Seychelles but is partly owned by a London based company. Is tickmill.com a scam or legit Forex broker?

The broker is owned by Tickmill Ltd. Seychelles and payments are processed partly by Procard Global Ltd. Its parent company is licensed and regulated by the CySEC, FSA and the FCA. The broker address is:

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

This broker promises that traders can trade with Forex, stock indices, commodities, and bonds. They promise security of funds and good trading conditions. No restrictions are placed on strategies that are allowed with the broker.

Trading Platform of Tickmill

It is mentioned that Tickmill trading software is operated on a MetaTrader platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes: 60+ Forex currencies, cryptocurrencies, 20+ CFDs on precious metals, stock indexes, bonds, and oil.

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Maximum leverages offered by the trader is 1:500 and spreads vary according to accounts with the Classic one giving a spread of 1.6 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Tickmill

Methods of making payments and withdrawals are available via: Bank Wire, Visa, MasterCard, FasaPay, Globe Pay, Local Bank Transfer, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, and UnionPay. It is encouraging to find this.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $100 is required to start trading with this broker and this is affordable. We could not find out if charges and fees apply on withdrawals.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Tickmill Licensed?

Yes. Tickmill is a licensed company in the UK by the FCA and in South Africa by FSA. However, the Tickmill broker is registered in an offshore location. This is discouraging as offshore locations have become popular for harboring scammers.

Support

The customer care representative can be reached by dialing: +852 5808 2921 or emailing: [email protected]

Conclusion

Although the broker is in an offshore location, it is owned by a duly licensed firm. Trading conditions are also encouraging and the minimum deposit is available. Tickmill offers a good trading platform and account options.

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Tickmill.com Review Visit site

About Tickmill.com

Tickmill is forex broker. Tickmill offers the MT4 and MT4 WebTrader trading currency platforms. Tickmill.com offers over 60 currency pairs, gold, sliver, bonds and cfds for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 2020
Address: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles
Contact: [email protected], +852 5808 2921
Regional offices:
Regulators: CySEC #278/15, FSA-S #SD 008, FCA #717270
Prohibited countries:

Yes

Yes

Trading platforms: MT4
Web Trading:
Mobile Trading:
Currencies: (60+)
Cryptocurrencies:
CFD: (20+) Gold, Silver, Stock Indexes, Bonds, Oil

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
MAM:
Deposit Methods: Bank Wire, VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay

Live discussion

Join live discussion of Tickmill.com on our forum

Tickmill.com profile provided by Tickmill, Nov 10, 2020

Tickmill is an award-winning global ECN broker, authorized and regulated by the FCA of the United Kingdom and the FSA of Seychelles. Tickmill offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals. The Company has distinguished itself among global ECN Forex brokers by providing excellent services with low spreads, some of the industry’s lowest ECN commissions and ultra-fast execution with the state-of-the-art London trading servers located at Equinix LD4 data center. Our team members have trading experience that goes back to 1989 and we have successfully traded all major financial markets from Asia to North America.

In June 2020, Tickmill recorded a monthly trading volume of $49.1 billion, followed by a record-high trading volume of $51.7 billion in July, which makes it one of the largest retail Forex brokers in the world.

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Consumer Reviews

Service use: Live

Length of use: over 1 Year

I did business with Tickmill. I have a very good opinion of Tickmill. It is sad that Japanese business was suspended in March 2020. I am waiting for the resumption of business.

Mar 10, 2020 – 2 Stars I started using Tickmill from March/2020.
● There are transactions where orders are not executed.
● Order slippage and loss occurred.
I am earning money, but I feel uneasy about the order execution ability.

I am not trading news!

Reply by Tickmill submitted Mar 12, 2020 Hi Siro-Kuro,

Thank you for your comment.

Can you please send specific details and screenshots to our support team? They will investigate with the responsible department and get back to you.

You can reach them at [email protected]

We remain at your disposal for anything else you may require.

Service use: Live

Length of use: 0-3 Months

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Length of use: 6-12 Months

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Length of use: over 1 Year

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Length of use: over 1 Year

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Length of use: 3-6 Months

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Length of use: 6-12 Months

As expected, United Kingdom’s general election on Thursday 12 December 2020 resulted in extreme market conditions (significant price volatility, wider spreads and price gaps).

As a result, trades related to European indices, GBP and EUR crosses faced huge price moves, cases in which slippage is highly likely. During such events there is no guarantee that pending orders will be filled at the exactly specified prices and slippage may occur.

When you are comparing prices among brokers, please consider checking the exact time that each broker started streaming prices. After reviewing different brokers, you will see that certain Liquidity Providers started streaming prices at 00:00 while others started later. For those that started later than 00:00, their charts opened with a gap because the price changed between 00:00 and 00:01 and so on each next minute. Due to the extreme situation, Tickmill`s liquidity providers started streaming prices at 00:02, therefore you can see a gap that is not visible on some other charts.

Please feel free to contact [email protected] if you would like further clarity on this matter. We will do our utmost to provide you with the relevant information relating to your account.

Frequently Asked Questions

Is Tickmill regulated?

Tickmill has 3 regulators:

  • Tickmill UK Ltd is regulated by the UK Financial Conduct Authority (FCA)
  • Tickmill Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CYSEC)
  • Tickmill Ltd is regulated by the Seychelles Financial Servics Authority (FSA)

How do you use Tickmill?

To get started trading with Tickmill:

  • first, you need to complete your tickmill client registration, login, and upload all the required documents
  • once that’s done and your documents are approved, you can select your account type and create the account
  • then, select a payment method and make your initial deposit
  • next, either go directly to MT4 WebTrade or else download and install MetaTrader 4
  • finally start trading with the Tickmill

How do I withdraw my Tickmill bonus?

New clients of Tickmill can get a $30 live bonus, unless their country is excluded from this promotion.

  • The bonus account can be traded for 90 days
  • The initial amount of $30 cannot be withdrawn
  • However, as long as the terms and conditions are followed, a minimum of $30 and a maximum of $100 of profit earned in the bonus account can be transferred to a live account after the client deposit a minimum of $100 in that live account

What type of broker is Tickmill?

Tickmill is primarily a forex trading broker with over 60 currency pairs available to trade.

Tickmill also offers CFDs on stock indexes, oil, precious metals, and bonds as additional trading instruments.

Is Tickmill a good broker?

The best way to answer if Tickmill is a good broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/8718/tickmill-forex-brokers

Additionally, we recommend to check recent Tickmill broker community discussions: https://www.forexpeacearmy.com/community/tags/tickmill/

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

What is the minimum deposit for Tickmill?

The minimum deposit to open a trading account with Tickmill is $100.

Tickmill also offer a VIP account which requires a minimum opening balance of $50,000.

Does Tickmill allow scalping?

Tickmill permits scalping as well as news trading and the use of EAs.

How long does it take to withdraw from Tickmill?

Tickmill processed nearly all client withdrawal requests within 24 hours.

Delivery times after processing vary from instant to up to 8 days depending on the withdrawal method.

For bank wires $5000 and above, Tickmill promises to reimburse any transaction fees up to $100.

Does Tickmill have Nasdaq?

Among trading instruments Tickmill offers CFDs for Nasdaq 100, and S&P 500 US stock indexes.

Tickmill review

Tickmill

Leverage: 1:30

Regulation: FCA, FSA, CySEC

Min. Deposit: 100 US$

HQ: UK

Platforms: MT4, WebTrader

Found in: 2020

Tickmill Licenses

  • Tickmill UK Ltd authorized by FCA (UK) registration no. 717270
  • Tickmill Ltd Seychelles – authorized by FSA (Seychelles) registration no. SD008
  • Tickmill Europe Ltd (ex Vipro Markets Ltd) – authorized by CySEC (Cyprus) registration no. 278/15

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  • Tickmill review User Reviews
  • Tickmill review News
  1. Is Tickmill safe or a scam?
  2. Trading Platform
  3. Accounts
  4. Spread
  5. Leverage
  6. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  7. Conclusion on Tickmill

What is Tickmill?

Tickmill is a new player among the brokers and online trading world since the company established in 2020 with its headquarter in London, UK as well offices in Seychelles. Tickmill strives to innovate a unique trading experience to their clients while understanding traders’ rights as the major part of the trade, for this purpose company continuously facilitates trading conditions.

Indeed, the broker develops rapidly and their yearly achievements are quite impressive. Recently Tickmill management responsibilities expanded, since additional part to “Tickmill family” been added in the name of a Tickmill Europe Ltd (ex Vipro Markets Ltd).

Trading Instruments

Tickmill Europe Ltd is fully licensed to provide the investment services of Agency Only Execution which deliver high-grade trading instruments 62 currency pairs, Cryptocurrencies (opportunity to trade CFD on Bitcoin, with margin 20% and 0 Commission per side, per 1 CFD) Bonds, CFDs and Precious Metals, with a minimum deposit requirement of only 25$, fluctuating spreads from 0.0 pips, some of the lowest commissions in the industry and no requotes, delays or interventions policy.

Awards

Tickmill as a new company has grown rapidly throughout only a few years so that the broker has been recognized by industry publications. Along with that Tickmill constantly runs a range of fascinating promotions, which helps to boost trading and enhancing even beginning traders possibilities.

Is Tickmill safe or a scam?

Tickmill is a multiply regulated broker is various jurisdictions, thus considered a safe broker to trade with. Tickmill trading name of a Tickmill UK Ltd and Tickmill Ltd Seychelles regulated as a Securities Dealer. The broker authorized and regulated by two major UK Financial Conduct Authority and by the Financial Services Authority of Seychelles, hence either entity includes strict regulations.

In addition, newly added to the company line Tickmill Europe Ltd (ex Vipro Markets Ltd) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a Member of the Investor Compensation Fund (ICF).

To ensure security and transparency of transactions Tickmill keeps clients’ funds in segregated accounts with trusted financial institutions, as per FCA regulations. In addition, clients are covered by the FSCS with investments up to £50,000.

Trading Platforms

Like most brokers the broker using as mainstay trusted and well-tried MT4. Trading platform available on desktop or tablet, in web or on the go with a smartphone. As well, though many among the brokers do not allow stop and limit orders placing close to market prices, Tickmill allows so.

However, the platforms have been enhanced with the span of useful tools:

  1. Autochartist – powerful technical analysis tool with automatic recognition feature
  2. Myfxbook AutoTrade – allows following of the strategies developed by the successful trader
  3. One Click Trading – trading through EAs (by the company statistics about 63% of the executes are placed by algorithms and EAs)
  4. Tickmill VPS – keeps EAs and signals active even while the trader is offline
  5. Forex Calendar – plugging market insights and news
  6. Forex Calculators – displays currency converter, margin calculators, etc.

Tickmill striving to reach the success trading among their client, hence they do not impose restrictions on profitability and allows all trading strategies including hedging, scalping and arbitrage.

Accounts

Tickmill clients can benefit from the various types of accounts with quite competitive trading conditions. Tickmill contends attractive packages and a new way of trading with low market spreads, no requotes, transparency and innovative trading technology. There are 3 main Account types in TIckmill’s proposal.

Islamic or Swap-Free Account, been added to the broker features recently too. These accounts comply with the Sharia law, which has exactly the same trading conditions and terms, but there is no swap or rollover interest on overnight positions, that is against the faith.

For a better understanding of the Tickmill pricing model and spread see the table below, yet as mentioned before according to the type of account trader will enjoy lower costs along with some commission per trade.

You can also compare Tickmill trading fees to another popular broker Forex CT.

Asset/ Pair Tickmill Fee Terms – Standard
EUR/USD 0.3
Crude Oil WTI 4
Gold 20

The overnight fee should be considered as a cost as well, e.g. EURUSD swap for long position is -11.742 while for short is 6.693 US$.

Leverage

Being a UK and European based regulated broker Tickmill follows strict guidelines set by the European authority ESMA. A recent update from the European regulator set a limitation towards maximum offered leverage levels, as ESMA recognized a potential risk in case very high leverage is used.

Therefore, clients of Tickmill Europe may use leverage up to 1:30 for Forex products, 1:5 for CFDs and 1:10 for Commodities.

Nevertheless and since Tickmill serves entity through Seychelles as well, the clients with opened account under this jurisdiction may enjoy high level of leverage.

Deposits and Withdrawals

For the Deposit or Withdrawal options broker using convenient methods with perform payments with ease and diverse.

Payment options including popular Bank Transfers, Credit/ Debit Cards, E-wallets Neteller, fasapay, UnionPay, dotpay, NganLuong. vn (only for clients of the Tickmill Ltd Seychelles) with available currencies USD, EUR, GBP, PLN.

Minimum deposit

The minimum allowed deposit is 100$, which is a fantastic opportunity for the trader of even very small size, in reverse 10$ is set for withdrawals.

Withdrawal

Moreover, at Tickmill a zero fee policy is employed, where no charges or fees applicable to monetary transactions. All deposits from 5,000$ also including zero fee policy and all fees up to 100$ will be covered.

Conclusion

Overall, Tickmill inviting clients with their attractive features such as a low minimum deposit (only 25$), technical solutions, a great range of instruments and interesting promotional campaigns. Moreover, the company’s strive to achieve targets quickly and effectively while posing Tickmill as a high-tech and trustable Forex broker, either to start or to gain new apex with.

The fact that the company been established only in 2020 and until now became one of the industry progress which stand in the leaders’ row, definitely means a lot. Also considering the fact, that company recently grow by establishing a branch of Tickmill Europe Ltd, which been done by the purchase of Vipro Markets Ltd.

Thus, Tickmill should be strongly considered while choosing the broker with whom a trader or investor will start his journey to the financial markets.

Nevertheless, it is always good to know your opinion about Tickmill which you may share in the comment area below.

No review found.

Global provider of FX and CFD brokerage services Tickmill has announced that it has sponsored the Kyrenia Triathlon Team at the IRONMAN Austria, one of the most exciting races in the world. Known to be one of the greatest challenges of endurance that Triathlon has to offer, IRONMAN Austria took place on 7th July 2020.

Tickmill as a relatively new player among the brokers that offers its services 2020 but already showed its significant impact on the trading industry by the number of clients and gains they report. The rapid development of Tickmills’ trading environment recently brings the fantastic achievement of a record increase in Net Profits consolidated for 3.

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