Tickmill Review

Through all their subsidiaries Tickmill offers three different types of accounts that include Pro Classic and VIP with the option of having an Islamic or swap-free account, too. The accounts that are a part of all Tickmill subsidiaries have the same trading conditions , with the exception of leverage option, which is, as we have already mentioned is not available on certain markets such as Europe or the UK.

Tickmill EU and UK

For all types of accounts Tickmill provides more than 62 currencies, many of them exotic and minor such as CFDs on silver, gold and 14 major indices such as S&P 500 Stock Index, Nikkei 225 Stock Index, FTSE 100 Stock Index, Brent, WTI Crude oil and a variety of german government bond. The maximum leverage available to retail traders is set at 1:30. However, should you be able to prove you are a professional trader, this limit will not be applied. If you’re an experienced trader using Tickmill UK, you can be able to leverage up to 1:500, and you can get Tickmill EU leverage can be as high as 1:300. The execution is reported to be as fast as 0,15 seconds, which is quite appealing.

PRO Account

Pro Account offers spreads that start at 0,1 pip, and a tiny commission on trading of only $2 USD for a standard amount per lot. This when factored into the equation, yields spreads beginning at 0,5 pips which is a great sounding. With a Pro Account , you can trade using micro lots. The minimum deposit amount is only 100 USD and the account is open with USD, Euro, British Pounds, and Polish Zloty.

The Margin call as well as the Stop-out are set at 50 and 100 percent for all retail customers and 30% and 100 percent in the case of all clients who are professionals.

Classic Account

Classic Account Classic Account comes with spreads beginning at 1,6 pips, and comes with no commissions for trading. Like the PRO Account, you can also trade using micro lots. The minimum deposit of $100 USD and the account’s base currency could be USD, EUR, GBP and PLN.

The account is ideal for professional and novice traders alike , as it has extremely fast order execution as well as a no Dialing Desk (NDD) trading environment.

The Margin call and Stop out call are exactly the same as for the PRO Account. They are 50% and 100 percent for retail customers and 100 30 percent and 100 professional clients.

VIP Account

The VIP account is designed specifically for traders who trade in large quantities seeking favorable trading conditions, as well as other benefits.

The spreads on VIP Accounts begin at a minimum of pips and you receive an arbitrary trading commission of 1 USD per typical lot per side that when added to your trading expenses provides actual spreads beginning at less than 0,2 pips. In addition, this commission only applies when you trade Forex pairs as well as precious metals, such as gold and silver. When you use CFDs on indexes for stocks, oil, and bonds, you don’t have to be charged any commissions for trading.

It is accessible for purchase in USD, EUR, GBP and PLN. The Margin call as well as the Stop-out call are set at 50% and 100 percent for retail customers and 70% and 100 percent for professional customers.

Islamic Account

Islamic Accounts Islamic Accounts are especially created to serve those in the Muslim trading community since Muslims are prohibited from giving an interest or to receive it. Therefore, using an Islamic or a swap-free account, as it’s known, you can hold your positions open all long periods of time without having to pay. The service is typically compensated with slightly greater spreads however in the case with Tickmill there is a small cost to pay if you hold the position open for more than 3 consecutive days of trading.

Tickmill Seychelles and Tickmill Asia

As we have already mentioned, the international Tickmill affiliates Tickmill provide identical trading account that the European affiliates of the broker which include Pro Classic and VIP, with one exception that all traders, both professional and retail alike, are permitted to use leverage up to 1:500.

Additionally With Tickmill Seychelles as well as Tickmill Asia you can open trading accounts with USD, EUR and GBP and Margin Call and Stop Out are 100 30 percent and 80 percent, respectively. This execution method is NDD however.

Maximum Leverage

We have already mentioned that depending on whether you’re working via Tickmill UK and Tickmill EU or an international affiliates of the broker the maximum leverage you’ll receive will differ.

Tickmill UK and Tickmill EU

In an attempt to reduce the losses that retail traders suffered In August of 2018, it was announced that the European Securities and Markets Authority (ESMA) which is the regulator of markets and securities in the European Union – restricted the maximum leverage brokers are permitted to provide retail traders.

Therefore that point, retail traders in Europe are now permitted to trade the main currency pairs using the leverage of not more than 1:30. The same applies to the gold market and certain CFDs, such as non-major currency pairs, as well as the principal stock market indexes with a maximum leverage of 1:20. The leverage for products other than gold, and other major market indices is set at 1:10. For individual stocks, the limit is 1:5. For crypto CFDs the leverage allowed is not more than 1:1.

However, If you meet the requirements to qualify as professionally licensed, you’ll receive a more leverage – as high as 1.500 in case of traders from the UK and 1:300 for traders from all 27 EU member states.

In order to be considered an account with a professional broker, you must be able to meet at minimum three of the following requirements: 1.) you must have completed trades of significant value and a frequency of 10 transactions per quarter in the past four quarters;) the total value that you have in your account, which includes the financial instruments and cash deposits is greater than 500 000 EUR 3.) you must have worked in the financial industry in the last full year on an investment, which requires the knowledge of leveraged products, like CFDs.

Tickmill Seychelles and Tickmill Asia

The restrictions on leverage in the European market, which came after similar actions by authorities in the financial sector in the U.S. and Canada (the maximum leverage permitted for the U.S. is 1:50, however in Canada 1:75) caused many major brokers to establish overseas subsidiaries, in which these restrictions are not in place. Therefore, through Tickmill’s Seychelles and Asia Tickmill subsidiaries Tickmill can offer customers leverage of up to 1:500.

Minimum initial deposit

The minimum requirements for deposits to the majority of Tickmill Accounts are exactly the same regardless of regardless of which subsidiary of Tickmill you trade with.

You can create a Pro or Classic Account with only 100 USD, and for VIP accounts, you need to maintain a trade balance of not under 50000 USD.

MyFXbook Copy Trading using Tickmill

Through its international subsidiaries Tickmill gives its customers the chance to join an established copy trading platform called Myfxbook. To be able to join, you must have a demo or live account that needs to be connected directly to Myfxbook AutoTrade through the Myfxbook website. Then, visit the AutoTrade section, then click Manage and select the type of trading system you would like to follow. The trades will be copied instantly and you can alter the risk of trading by altering the multiplier’s value. This will instantly show the potential returns and risks you might be exposed to according to the data collected up to now. A multiplier of 1 implies that you’re receiving the same risk/return ratio that the trader you follow.

In the same way, if you’re an skilled trader with a performance record, you are able to provide your trading strategies and sign up to Myfxbook and your trades will be replicated by more than 90000 followers. In addition, you could earn as high as 0.5 percent per winning trade.

The prerequisites for joining Myfxbook and to make available your trading service to other traders are to have a working MetaTrader 4 account that is minimum three-month’ worth of history and drawdowns that do not be more than 50%, and your return over the last three months must be at minimum 10% or greater than your drawdown. percentage of profit per trade during the past three months must be at least three and your average time to trade should not exceed 5 minutes. You shouldn’t be using any grid or martingale technique in the last 3 months you have traded,, your account balance must be at minimum 1000 USD. You must have completed minimum 100 transactions over the course of three months.

Trading Platforms

TickMill works with TickMill is compatible with the MetaTrader4 (MT4) platform and is available on Mac as well as Windows PC, Android & iOS devices as well as web-based versions.

MT4 is a reliable platform that has held it as being the top loved Forex trading terminal since 2005, and is still favored by the majority of brokers and investors. It is user-friendly and has everything the features a trader requires: an advanced charting software, a variety different technical indicator, a comprehensive back-testing and testing environment, as well as a selection of Expert Advisors (EAs).

Furthermore, TickMill has partnered with MyFXBook to offer its customers advanced trading solutions that are automated through AutoTrade. AutoTrade platform.

VPS is also offered together with TickMill to allow traders can download their preferred EA applications and keep them operating 24/7 without having their computer be connected to. VPS is provided through one of the most popular Forex VPS providers BeeksFX. BeeksFX.

Promotions

Trader of the Month

If you can become your most profitable trader the month, you’ll be awarded an amount of USD 1000. This offer is only available to international branches from the brokerage. In deciding who will win, Tickmill takes into account not just your earnings but also your cash flow and risk management abilities.

Tickmill’s NFP Machine

If you keep track of your own US labor market, you could earn up to 500 USD each week when the Non-Farm Payroll report is published. Every NFP week Tickmill picks one trader and asks all traders to guess the price through the MetaTradre4 platform between 16:00 and just 30 minutes after the NFP report is released.

If the match is perfect, you will be rewarded with 500 USD directly transferred to your trading account. If no one can guess the exact amount and the person who has most accurate predictions will receive 200 USD. It is all you have to do is make your prediction in writing and include your trading account’s number with your full name , from Monday at 0:00 until Friday at 15:00 during an NFP week. The promotion is only available through the international affiliates that are part of the brokerage.

30 USD Welcome Account

New customers have the chance to begin trading with Tickmill with no trading capital without the need to deposit anything. This Welcome Account is simple to open , and the money made are the property of you to hold. Be aware however that existing clients cannot apply for a Welcome Account. The Welcome Account is 30 USD and is available only to the international Tickmill affiliates. Tickmill.

Rebate Pay Season

The Rebate program gives you cash back on trades. The only requirement is create a live account using 100 USD through one of the subsidiaries that are international for the broker. Once you have done that, you’ll receive cash rebates of 0,25 USD and 0.75 USD per typical lot that you trade, based on the tier at which you’re.

If you’ve traded between one and 1000 lots during the month, your reward will be 0.25 USD for each lot. If you’ve traded between 1001 between 3000 and 1000 lots your refund will be 0.50 USD per lot. Likewise, the case of trading more than 3001 lots, the rebate will be 0.75 USD for each lot. The money accumulated will be added to your account each month.

Autochartist

Tickmill provides a no-cost Autochartist for all of its customers who have signed up for an account with live access. Autochartist is among the most flexible analytical tools for technical analysis, and helps you make more informed trading decisions and sort the market data you require. In addition to the Autochartist application, Tickmill also offers its customers with economic calendars, a forex calculator, and as we mention – an Virtual Private Server (VPS).

Education

Tickmill offers regular trading seminars The most recent of which was held at Ukraine, Vietnam, Qatar, Columbia, Malaysia and Nigeria. In addition, there are regular webinars covering a range of subjects and topics, such as weekly live market and analysis of trade.

Also, on the Tickmill website , you can download several e-books such as Understanding Your Trading Costs as well as an In-Depth Study of Risk Management and trading the Majors: Insights and Strategies. Videos and infographics are also free to download.

Awards

Tickmill has received numerous awards, the latest of which was the top commodity broker at Rankia Markets Experience Expo 2020 Best Trading Experience from Forex Brokers Award 2020, the Best Forex Execution Company in the CFI.co Awards 2019, Best Trading Platform Provider from FxDailyInfo.com Broker Awards 2019 The Best CFD Broker in Asia in International Business Magazine 2019, The Best Forex CFD Broker from the online personal wealth Awards 2019. Most transparent CFD Broker of Forex Awards 2019 the best Forex Execution Broker in the UK Forex Awards 2018 The Best Forex CFD Broker of Jordan Forex Expo Awards 2018 Best CFD broker from FxDailyInfo.com Award for Broker Awards 2018 The Best Forex Trade Conditions from the UK Forex Awards 2017. the Most Reputable CFD Brokers across Europe in the Global Brands Magazine 2017.

Payment Methods

The payment methods used by Tickmill differ slightly based on the subsidiary you trade with. What is common to each of the Tickmill subsidiaries however, is that there are no commissions are charged for deposits or withdrawals with the one exception being the moment you send a wire for lesser than 5000 USD. Wire transfer deposits and withdrawals starting at 5000 USD or less that are done within one single transaction included as part of Tickmill’s Zero Fees Policy. Tickmill Zero Fees Policy.

Tickmill UK

With Tickmill UK, you can choose to pay using a wire transfer VISA, MasterCard, Skrill, Neteller, dotpay Paysafe Card SOFORT Rapid Transfer, and Pay Pal. The payment options are USD , EUR , GBP and PLN.

Tickmill EU

Through the Cyprus affiliate of the broker, the payment methods are restricted – you are able to choose just between the wire transfer option, VISA, MasterCard, Skrill, Neteller and dotpay. The payment methods accepted are USD , EUR , GBP and PLN, too.

Tickmill Tickmill Seychelles and Tickmill Asia

Through the international affiliates from the brokerage, as well as the traditional payment options such as the bank wire VISA, MasterCard, Skrill and Neteller You can also select to pay using Stic Pay, Fasa Pay, China Union Pay, NganLuong.vn, QIWI, and Web Money. The payment options are USD, EUR, GBP, Indonesian Rupiah , Chinese Yuan, Vietnamese Dong and Russian Ruble.

Conclusion

TickMill is a reliable UK-based broker of CFD and forex with a strong regulatory framework and appealing trading conditions.

Tickmill Summary
Tickmill Details	Information
Regulators	FCA, CySEC, FSA
Country	United Kingdom
Base Currencies	EUR, USD, GBP, PLN
Type Of Brokers	NDD
Trading Platform	Desktop, Mobile, MT4
Established Year	2014
Website Language	English, Russian, Arabic
US Clients

Tickmill Spreads
Option	Information
Minimum Spreads	0.0
Commission
Fixed Spreads

Tickmill Payment & Withdrawal Option
Option	Information
Acc Funding Methods	Skrill, Wire transfer, Visa Card, Master Card, FasaPay, UnionPay
Acc Withdrawal Methods	Skrill, Wire transfer, Visa Card, Master Card, FasaPay, UnionPay

Tickmill Suitable For
Option	Information
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading

Tickmill Trading Account Options
Option	Information
Maximum Leverage	1:500
Mini Account
VIP Accounts
Segregated Accounts
Free Demo Accounts
Managed Accounts
Pro Account
Minimum Deposit	100 USD
Islamic Account

Tickmill Trading Services
Option	Information
Hedging
News Trading
Scalping
Automated Trading
Indices
Commodities
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy Tradings

Tickmill Contact & Support
Option	Information
Telephone No	+44 20 3608 2100
Email	upport@tickmill.co.uk
24 Hours Support
Support During Weekends
Address	1 Fore Street London EC2Y 9DT United Kingdom