Tickmill is it a scam? Reviews and description

Tickmill - one of the young forex brokers financial market, successfully operating since 2014, providing traders with a "new way to trade" (quoted from the company's official website) with low spreads, STP and DMA technology capabilities, transparent workflow, absence of requotes, and innovative solutions.

And yet, Tickmill - a scam or a decent young broker, which is definitely worth a closer look? We will answer this question in a detailed review of the broker.

 

Terms of trade with Tickmill

The broker offers its traders simple, and most importantly clear trading conditions. As stated on the website tickmill.com, the company offers its clients premium trading products and services with full transparency. The broker offers access to more than 80 trading instruments with spreads from 0 pips and the lowest commissions on the market.

The company has the necessary regulation and also offers its clients to try themselves in free training trades, risk-free trading options, trading signals, safety of funds, as well as constant communication with technical support. Free training programs, webinars, seminars, videos and infographics will be especially helpful for beginners, as they were created by professionals. Contests with valuable prizes are constantly held for traders.

Simple and intuitive site interface tickmill.comThe platform allows even a beginner to quickly find the necessary information. It is also possible to create a demo account on the platform, which allows traders to try their hand without the risk of losing the invested funds.

 

Platform tickmill.com

Tickmill is a platform that is considered to be one of the most user-friendly brokers. Its practicality lies in the fact that it can be used directly in the browser without the need to install additional software. The user is offered a wide range of tools for comfortable work. The broker offers two trading platforms - WebTrader and MetaTrader 4.

WebTrader - A platform that provides the easiest access to trading. It represents the same MetaTrader 4 platform, but now you can access it directly from your browser. This functionality allows instant access to trading at any time. The interface of the platform is clear even for beginner traders due to its naturality. Special mention should be made of the "One-Click" feature, which allows you to open and close trades, as well as the system of effective risk management and the ability to build charts. The user can take advantage of spreads from 0 pips. Orders are executed in 1.5 seconds.

MetaTrader 4 - platform, which was developed specifically for traders. It has a user-friendly interface that the user can customize, as well as a well-thought-out panel for working with orders. The functionality allows you to quickly manage your positions with maximum efficiency. The MT4 platform also features advanced charting functions, special indicators, and support for the MQL language. Even a beginner can easily program indicators and trading brokers to trade in the market at any time. Advantages of the Tickmill terminal:

• reliability and safety;
• Russian-language version;
• intuitive interface;
• the ability to build graphs;
• availability of more than 30 indicators;
• orders without partial execution;
• No deposit or withdrawal fees;
• low spreads;
• availability of a demo account;
• Ability to add indicators to the chart for market analysis.

Broker quotes

Tickmill does not provide traders with information about its quotation providers. The broker points out that the client must unconditionally accept the quotes offered by the platform and not compare the data with third-party information.

 

Tickmill demo account

For those traders who are just starting to trade, the platform offers to open a free demo account. It has the same functionality as a real one, but all operations are performed with virtual currency, which means that the user has nothing to lose. The client can test the tools and selected strategies, which will help you to hone your skills without the slightest risk, as well as get acquainted with the full set of tools of the MetaTrader 4 platform. You can access a wide range of markets with the advantage of the lowest spreads on the market. To create an account, you need to fill out a registration form.

 

Mobile application

For active traders who want to constantly monitor the market situation, you can download the mobile application MetaTrader 4. The application can be downloaded for both Android and iOS systems.

 

Bonuses at Tickmill

For its customers, the broker conducts various competitions, as well as accrue bonuses.

Welcome Bonus

For new participants who have just registered, $30 is credited to their trading account as a bonus. The funds are credited automatically as soon as the application is approved. The trading account to which the bonus is credited can be used within 90 days. All profits that were earned from the bonus can be withdrawn without any problems.

Rewards for trading

The company rewards traders through a rebate system in which you can receive money for trading. The broker provides monthly rebates depending on their trading volume. You have the opportunity to earn from 0.25 to 0.75$ per lot. Depending on how much volume you trade each month.

Trader of the month

Every month the platform holds a "Trader of the Month" contest. The winner is the most productive trader for the past month, who receives a prize of $1,000. When selecting a winner, not only good profit figures are taken into account, but also financial and risk management skills.

NFP Machine

Another contest from Tickmill, the essence of which is that each week the NFP broker chooses one instrument and offers traders to guess its value on the MetaTrader 4 platform at 16:00 (30 minutes after the release of the report). The trader who guesses the exact figure receives $500 to his trading account. If none of the participants could guess the exact value, the trader who was closest to the figure is chosen. He receives a prize of $200.

 

Deposit and withdrawal

Tickmill offers different methods of deposit and withdrawal. To deposit, you need to register at the broker, make a deposit by choosing a convenient way (minimum deposit -$100, withdrawal - $25) from the list offered by the company payment systems:

• Bank transfers.
• Credit, debit cards Visa, MasterCard.
• Payment terminals (Neteller, Skrill).
• Electronic payment systems (Webmoney, Qiwi).

The account is opened in one of the currencies on choice: USD, EUR, GBP. Withdrawal of funds is possible only for authorized and verified traders, it is made through the payment system, from which the funds were credited. Withdrawal speed: within one business day. No commission in all withdrawal options, only additional fees may be charged by the payment systems.

 

Complaints about Tickmill

The company is a young forex broker, but there are already many reviews of Tickmill on the Internet (forex trading training). Some traders point out the advantages:

• transparency;
• a good reputation and reliability of a broker providing one of the cheapest access to trading;
• quality technical support;
• stable terminal operation (no requotes and slippages);
• favorable trading conditions (low spreads, fast order execution, good liquidity, stable quotes);
• lots of material on the site;
• procedures for deposit and withdrawal of funds in accordance with the deadlines set by the broker;
• quick verification,
• interesting fundamental reviews and quality analytics;
• no withdrawal fees;
• opportunities for scalping.

Traders trust the company and recommend it. There are also negative reviews about tickmill.comThe problems with withdrawal of funds, inconvenient personal account, lack of communication with technical support, freezing of the terminal, slippage. At the same time on the forums there is rarely a representative of the broker who tries to deal with the negativity, to solve the problems of users. In order to avoid negativity when working with the company, ask your personal manager about the account verification conditions, the rules of using the bonuses, the peculiarities of withdrawal of funds. Also note that the broker has yet to find and conquer its audience, which means that there will be more reviews about it and it is too early to draw conclusions about it now.

If there are any complaints about Tickmill, we'll be sure to post on social media. Sign up so you don't miss anything.

Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

 

Regulator

The Tickmill trademark belongs to several legal entities that are registered in two different countries at the same time and are therefore subject to local regulations. That is why, when you visit the website tickmill.comthe client will have to make a choice between the firms in which he wants to register an account. The owners of the brand are the British company Tickmill UK Ltd. and Tickmill Ltd. Seychelles, which is registered in the Seychelles. Both companies are licensed:

• The FCA is the UK supervisory authority (No. 717270);

It is worth noting that beginners in this area are recommended to first use the services of a firm from the Seychelles. Having studied the reviews of traders about the broker, it is clear that this company provides beginners with more opportunities. Those traders who consider themselves professionals can become a client of the broker from Great Britain, which provides more favorable conditions for trading, but has strict starting conditions. Also Tickmill Europe LTD is regulated by the Cyprus Securities and Exchange Commission. The license number is 278/15.

• Check the Tickmill license on the FCA website
• Check Tickmill license on the CySEC website

User Agreement

"User agreement" is the main document, which every trader should get acquainted with in order to understand the specifics of cooperation with the broker. The main disadvantage is that the agreement is only in English, which may create certain difficulties for Russian-speaking clients. Let's consider the individual clauses of the agreement in more detail. The document clearly spells out the information that the client should be aware of the possible risks that arise in the following situations:

• Due to the low margin typically required in margin transactions, changes in the price of the underlying asset can lead to significant losses that can substantially exceed the client's investment and margin deposit;
• when the client instructs Tickmill Ltd to enter into any transaction, any profit or loss arising from fluctuations in the value of the asset or the underlying asset shall be entirely at the client's expense.

The customer is also aware of the fact that, in the absence of prior agreement, Tickmill Ltd shall not continuously monitor transactions already performed by the customer. Consequently, the company cannot be held liable for transactions that develop differently than expected by the client and/or to the client's detriment. The trader agrees not to hold the broker liable for losses incurred.

According to the rules of the broker, the client is obliged to pay the established commission fees, the list of which can be found on tickmill.com. Also the company has the right to change the amount of commission and fees without prior notification of the client, if such changes were caused by external circumstances, such as:

• changes in relationships with Tickmill Ltd's counterparties that affect the cost structure;
• changes in commissions and fees from exchanges, clearing houses, information providers or other third-party providers that are passed on to the client.

Fees and charges are subject to change with monthly notice to customers if:

• in market conditions, including competitive behavior, changes are required in Tickmill Ltd;
• the broker, for commercial reasons, wishes to change his total value and prices;
• there has been a significant change in customer data, on the basis of which separate terms and conditions were provided.

In addition to such commissions and fees, the client shall pay all applicable VAT and other taxes, storage and delivery charges, exchange and settlement services, as well as all other fees incurred by Tickmill Ltd. In addition, the broker shall be entitled to request that the following charges be paid separately by the client:

• all payments arising from the relationship with the customer, e.g.: telephone, fax charges, courier and postage costs in case the customer requests a paper copy of the settlement/trade confirmation, account statements that have been delivered electronically;
• any expenses incurred by the company in responding to requests from government authorities, including fees determined for transcripts, attachments and preparation of copies;
• administrative fees in connection with security deposits and any expenses of Tickmill Ltd in connection with the security deposit, if any, including any insurance premiums;
• any expenses incurred by Tickmill Ltd in connection with the auditor's comments/reports, if any, requested by the client.

The broker has the right to make changes to this agreement without prior notice to the trader.

The Company shall not be liable for any losses (including indirect losses), costs incurred by the customer as a result of the services received, as well as any losses resulting from actions taken by Tickmill Ltd in accordance with the current agreement.

 

Is Tickmill a scam?

Despite the fact that Tickmill - it is a young company on the Forex market and it has yet to show its potential and capabilities, but it has already gained the trust of users, has a reputation for reliability and stability, which distinguishes it from the one-day brokers (the whole truth about forex). There are many reviews in the network, with a lot more positive ones, it shows the serious intentions of the company, which is important to provide its users with only the best conditions (low spreads, accurate quotes, auto-trading capabilities, low entry threshold). Traders recommend the company, noting it as one of the most low-budget for trading, which also characterizes it positively. Note that the company's manager works on the forums to sort out the negativity, but it is done in an inactive way.

The question of quality service is very important for the company. That's why the broker offers for trading the terminal Metatrader 4, proven by millions of traders, which guarantees stable trading and has received positive feedback from the company's clients. Among the advantages of the broker: offering trading instruments, services, bonuses, professional technical support, which indicates a thought-out strategy of working with the client. Note the official website, which is characterized by convenience, contains a lot of useful material: about the company, trading conditions, licenses, analytics and educational information. The presence of a serious certification is also a significant confidence in the side of the user. Is it worth claiming that Tickmill is a scam and a kitchen? Despite the fact that the broker is one of the young ones on the Forex market, it has already managed to show itself worthily, proving its stability and clear adherence to the declared goals. But at this stage of the company's development it is too early to draw conclusions about whether Tickmill is a fraud or not, but you can protect yourself by working correctly with your personal manager.

 

Conclusion

Forex broker Tickmill is a young, dynamically developing company that has all chances to take the leading position among the competitors. Already now it has a reputation as a successful and stable company, a lot of positive feedback (about favorable trading conditions, quality service, professional support service) and recommendations from clients, this largely indicates that the broker is on the right track of development.

Reliable terminal, profitable bonuses, high-quality analytics, training opportunities - all this also characterizes the broker positively. The company has, though not so many, negative reviews, and the broker's representative works on the forums. It is to be hoped that the company plans to pay attention to customer feedback, develop the service further, maintaining the pace of a successful start. It is fair to say that Tickmill has not yet had time to show itself in full, it is too early to assess it as a reliable or fraudulent company. However, traders' reviews, which we are waiting for for this review, can not only significantly change the broker's ratings, but also warn users against possible problems.