Tickmill Review

MIN. DEPOSIT $25
Up to 500:1
Up to $30 BONUS
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Tickmill
Up to $30
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Overview

Company Information Tickmill is one of the newest Forex online brokers. The owner of the brand is Tickmill Ltd. Which was founded in 2014? The online platform was launched in… more

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Details

Broker Tickmill
Website URL https://tickmill.com/
Founded 2014
Headquarters Eden Island, Mahe, Seychelles
Support Number +852 5808 2921; +65 3163 0958
Support Email support@tickmill.com
Support Types Phone, Live Chat, E-mail, Call Back
Languages English, Indonesian, Russian, Chinese, Spanish
Minimum 1st Deposit $25
Minimum Trade Amount 0.01 lots
Maximum Trade Amount 100 lots
Bonus Up to $30
Payout Up to 500:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Services Authority (FSA), Seychelles
Account Types Classic, ECN, VIP, Islamic
Deposit Methods Bank Transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, China UnionPay
Withdrawal Methods Bank Transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, China UnionPay
Types of Assets Forex, CFDs, Precious Metals
Account Currency USD, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Tickmill is one of the newest Forex online brokers. The owner of the brand is Tickmill Ltd. Which was founded in 2014? The online platform was launched in 2015. The company’s headquarters are located in the Seychelles. The broker is fully licensed and operates under the jurisdiction of the FSA (Seychelles). Tickmill became famous with their transparency policy, personal approach, and excellent trading conditions. They offer some of the tightest spreads in the industry and have superb customer support. Despite being a relevantly new Forex trading broker it already acquired a lot of clients from all over the world. They offer excellent security and a segregated account option. With over 62 currency pair available they are above the industry standard. There are already a lot of positive reviews from Forex magazines and other media. Let’s see what this online broker can offer.

Trading Information

Currently, there are five account options offered by Tickmill. The first one is their “Classic” account type. It’s perfect for beginner traders and has a very low deposit requirement of $25. The account offers 73 trading instruments (62 currency pairs and 9 CFD’s, Gold and Silver). Spreads start from 1.6 pips, and there is no commission. The average execution speed is 0.3 seconds. Margin call level is set at 100%, and the Stop-out level is at 30%. Next is the “ECN Pro” This account type is for more experienced traders and offers spreads that can go as low as 0.00 pips. The deposit requirement is the same like in the “Classic account ($25). Leverage is also the same 1:500, but there is a $2 commission for every $100 000 traded. The “VIP” account is for big clients who would like a more personalized approach. The spreads go from 0.00 pips and leverage is 1:500. The commission is $1.6 for every $100 000 traded. The Islamic account is a swap-free version of the mentioned account types which is 100% compliant with the Sharia law. Finally, the demo account is for everyone who likes to test their skills and try the trading experience at Tickmill for free.

Trading Platforms

Tickmill offers the Metatrader 4 as its primary trading platform. It’s not surprising that the people from the company have chosen this platform. It’s the most proven one throughout the years and has virtually no bugs. It works with all types of devices and operating systems. It’s suitable for Windows and Mac desktop computers, and you can use the application for your mobile device (Android or Apple). The platform has great language support and offers more than 30 languages. Automated trading is available as well as one-click trading. You can trade directly from charts and signals, and you can customize it however you like. The only thing that the Metatrader 4 is lacking is a Webtrader version. But, Tickmill has taken care of that by offering the same interface in their Webtrader platform. It’s very comfortable to use and only requires an internet connection and a browser. There is not much else to say about the platforms that Tickmill offers because they’re well-known and easy to use.

Security and Customer Services

Security at Tickmill is at a top notch level. The SSL protocol on their website protects your personal data and makes it visible only to the company’s employees. The segregated account option gives you the security of funds you always wanted. The money you deposit and operate with are deposited at Tier 1 banks and are separate from the company’s funds. Customer support is great, and there are plenty of contact methods made available. There are two phone numbers for domestic and international clients. The call center work from Monday to Friday from 07.00 AM to 20:00 PM (GMT+0). There is a dedicated email which has a grand response time of two hours during business days. The Live chat option is also an option for people who prefer this type of communication. There is a FAQ section that can help with most of the random question from clients. The company also has social media profiles in Facebook, Youtube, Linkedin, Twitter and Google+.

Deposits and Withdraws

Depositing funds into your Tickmill account is easy with plenty of transfer methods available. The usual credit and debit card options are offered with some digital wallets also supported. Most of the methods are instant, and there are no deposit fees whatsoever. The currencies supported depend on the method you have chosen. Most of them are GBP, USD, and EUR, but there is also the support of IDR and CNY. The minimum deposit requirement is $25. To withdraw your funds, you can choose whichever method you like. There are no withdrawal fees, but there is a minimum withdrawal requirement. It’s $10 or currency equivalent. If you choose to withdraw your funds using a different method from the deposit one, you will receive the amount of your deposit in your bank deposit account, and the rest of sum will be transferred to the methods of your choice.

Deposit Bonus and Loyalty Programs

The current promotion offered by Tickmill is the “Welcome account” where you get $30 for free. There are no deposit requirements and you’ll just have to make the account and start trading. The Demo race competition is held every week, and you will have the chance to win money prizes that you can later use in one of the real accounts. All of the registered accounts will be topped with $10 000 and will have 1:500 leverage. The top 20 traders every week will get different amounts of real money.

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