Tickmill

Tickmill is one of the startup Forex brokers of the financial market. It has been working successfully since 2014, offering traders a «new trading approach» (the quote from the company’s official website) with low spreads, capacities of STP and DMA technologies, a clear trading process, no re-quotations, and innovative solutions.

And yet, is Tickmill a scam or a dignified startup broker, which is certainly worth looking at? We answer this question in the detailed broker review.

Terms of trade with Tickmill

Tickmill is a trending broker with headquarters in the UK and offices in Estonia, Seychelles, etc., successfully providing services in trading currencies and precious metals to retail clients and marquee investors in the Forex market. Today the company, despite being a startup, is a technology-packed ECN-broker created by traders for traders, making online trading gainful and comfortable. With a team of experts and over two decades of experience in Forex trading spanning Asia and North America since 1994, Tickmill stands out from the crowd. The company continuously strives to improve its service quality, providing an unparalleled level of excellence that sets it apart from its competitors.

Due to DMA, NDD, ECN, and STP technologies, traders get direct access to the best liquidity suppliers with favorable prices (HSBC, Credit Suisse, JPMorgan, BNP Paribas, etc.). Among the advantages of the broker are the scalping option, along with automated trading, hedging, phone dealing, and up-to-date trading services (Autochartist, VPS-hosting, swap-free account, Autotrade, etc.).

Safe software provision is one of the main company focuses. So the broker provides its customer with the latest online trading technologies only: the popular terminal MetaTrader4, which won the trust and can continuously process any amount of trader’s orders in various market conditions. Both, newcomers to the market and professionals will be concerned about quality training materials, customized trading training, video lessons, and webinars.

Tickmill Platform

Throughout its nearly decade-long history, the brokerage has notably expanded its terminal network. In addition to MT4 and MT5, which are already well-known in the market, Tickmill has added another trading platform to its portfolio.

MetaTrader 5

With an array of cutting-edge features and advanced tools, the MetaTrader 5 platform provides an enhanced and versatile trading environment suitable for traders with all levels of experience. The new-generation MT5 platform builds upon the successful legacy of its predecessor by offering an optimized interface, advanced analytical tools, a wider range of technical indicators, and graphical objects.

It also supports the MQL5 programming language, significantly enhancing the platform’s analytical abilities. This allows you to conduct in-depth and accurate technical analyses of market data. Combined with Tickmill’s favorable trading conditions, the platform offers the benefits of a globally renowned trading platform with spreads as low as zero pips and execution times averaging just 0.20 seconds, ensuring swift and efficient trades.

MetaTrader 4

There are some advantages of trading with Tickmill MT4:

• CFDs on Forex, stock indices, commodities, bonds, and cryptocurrencies are available.
• With vast liquidity, Tickmill ensures that orders are executed without partial fills.
• You can trade with our EA (Expert Advisor) trading facilities using our VPS (Virtual Private Server) services.
• Advanced technical analysis tools, including 50+ indicators and customizable charting, are available in 39 languages.
• Providing trading signals with an advanced notification system to help you make informed decisions.

MetaTrader WebTrader Platform

It’s the familiar MT4 and MT5 trading platforms that you already know, but are easily accessible directly through your web browser.

Utilizing MT4 or MT5 WebTrader allows retail traders to access trading features without software downloads, offering convenience and accessibility. With no need for updates, traders always access the latest version. These platforms provide real-time market access, comprehensive analysis tools, and news feeds, enhancing trading experiences.

Deposit and Withdrawal

Tickmill offers various deposit and withdrawal ways. To deposit you need to sign up by broker and replenish the sum in any convenient way (minimal deposit is 100$) of the list of payment systems offered by the company:

• Bank transfers,
• Credit, and debit cards Visa, MasterCard,
• Payment terminal (Neteller, Skrill).

Please note that there are just a few ways to deposit and withdraw. The account may be opened in any of the currencies at option: USD, EUR, or GBP. The withdrawal is possible for recognized and verified traders only, through the payment system used for deposit, too. The withdrawal speed: within one business day. There is no commission for all withdrawal options, just the extra pay may be charged by payment systems.

Tickmill Bonuses, Promotions, and Contests

Welcome Account

Any trader of the company can get a Welcome bonus of 30$. New clients have the opportunity to trade with free trading funds, without the need to make a deposit. Opening a Welcome Account is simple, and the profits earned are yours to keep.

Trader of the Month

Every month, the company selects the best of its skilled clients and awards the top-performing trader with a prize of $1,000. When determining the winner, they consider not only good profit, but also money and risk management skills.

NFP machine

During every Non-Farm Payroll (NFP) week, the company selects one instrument and invites you to guess its price on our MT4/MT5 trading platform at 4 pm, exactly 30 minutes after the release of the NFP data. A perfect prediction will earn you as much as $500 in your trading account, while the closest prediction by any trader will receive a $200 prize.

Cash Rebates

To get paid for every lot traded In FX, Gold, And Silver, follow the steps:

• Open a new MT4 or MT5 “Rebate Competition” account through your client area.
• Make a minimum deposit of $200 or the equivalent in EUR, GBP, or ZAR in a single transaction.
• Trade exclusively in FX, gold (XAU/USD), and silver (XAG/USD) to be eligible for payments.

Tickmill Support

You can contact client support via:

• email: [email protected]
• filling out the form on the website,
• phone.

Licenses & Regulation

The Tickmill Group’s companies are regulated by some of the most reputable financial authorities in the world:

• Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority. License number: SD008 (Check regulator).
• Tickmill UK Ltd is authorized and regulated by the Financial Conduct Authority. FCA Register Number: 717270 (Check regulator).
• Tickmill UK Ltd has a Rep office regulated by the Dubai Financial Services Authority. Reference No. F007663.
• Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission as a CIF limited company. License number: 278/15 (Check regulator).
• Tickmill Asia Ltd is authorized and regulated by the Labuan Financial Services Authority. License number: MB/18/0028 (Check regulator).
• Tickmill South Africa (Pty) Ltd is authorized and regulated by the Financial Sector Conduct Authority (FSCA). License number: FSP 49464 (Check regulator).

Registrations

The company has registrations with authoritative organizations worldwide:

• FCA (Financial Conduct Authority), United Kingdom
• BaFin (Federal Financial Supervisory Authority), Germany
• CONSOB (Commissione Nazionale per le Società e la Borsa), Italy
• ACPR (Autorité de Contrôle Prudential), France
• CNMV (Comisión Nacional del Mercado de Valores), Spain

Complaints about tickmill.com

Tickmill has been in the market for many years and has received a lot of feedback from its customers. Most clients have positive things to say about the company, including the competitive spreads and fees it offers, as well as the fast deposits and execution times. Additionally, many clients appreciate the quick response they receive from the support team.

However, there are some negative reviews about Tickmill, particularly regarding problems with withdrawals. Some clients have reported issues with their accounts being blocked for no apparent reason. Nevertheless, it’s worth noting that these issues are rare and that most clients have had a positive experience with the company.

Is Tickmill a scam?

Forex broker tickmill.com has many years of experience within the industry. It can provide its clients with several types of accounts to suit their individual needs.
Additionally, the company is registered, licensed, and regulated in European countries and the UK, ensuring compliance with regulatory standards. Based on these factors, it is clear that Tickmill operates legitimately and is not involved in any fraudulent activities.

Conclusion

Tickmill is a well-known forex brokerage providing clients with access to a diverse range of assets, comprehensive training resources, various account types, bonuses and contests, and professional trading platforms. Nonetheless, upon closer inspection of its operations, withdrawal terms, and client support, some areas could benefit from improvement.