Tickmill Broker Review 2018 »Trading with low spreads

Testing Tickmill: Forex broker with optimal trading conditions
Tickmill is not a very well-known broker in the Forex market, but that can change, because with its market conditions, the broker is looking to increase its name recognition and acquire more customers. In this Tickmill review, we tested the site for you and what benefits the provider brings to the table; we will explain things in detail and will talk about the stuff where there may still be room for improvement.

The broker is regulated by the Financial Conduct Authority, as Tickmill may have a registered office in the United Kingdom. In terms of safety, there is therefore nothing to worry about for customers.

1. Tickmill: Pro & Con
2. Features at a glance
3. The deposit guarantee and regulation of Tickmill
4. The terms of the broker
5. The trading platform of Tickmill
6. Account opening
7. Seminars and training – what does Tickmill have to offer?
8. Tickmill in the press and on the internet
9. Endurance test for Tickmill: Can this broker be the right choice for you

Very low spreads for trading
Selection of different instruments
Different account types for the traders
Very well equipped trading platforms
Versatile tools

None so far

Tickmill has convinced us at the very first glance with its very good web presence. This alone is not surprising because behind the broker is a company that has been active in the trading business for several decades and therefore knows exactly what traders want to see in a provider.
By selecting different accounts as well as the well-equipped trading platforms, Tickmill offers a very good basis for beginners to act on. For beginners, there is the classic account. Anyone who comes to Tickmill as an experienced trader might want to start with a VIP account.

Features of Tickmill at a glance:
Account management: free
Instruments: Forex, Precious Metals, CFDs
Commission: varying spreads
Limit-orders: free
Implementation: Market execution
Minimum deposit: $25
Software: MetaTrader4 (MT4), WebTrader
Service: live chat, demo account, large training area, various promotions, and bonus options

Who is behind the broker?
Before you start trading at Tickmill, it is helpful to know who is behind the company. The broker has been active for more than 20 years and was founded under the name Armada Markets. At the beginning of the success story, the head office was in Estonia, but that has changed today. Now there are two different Limited Co. running under the parent company.

For example, Tickmill Ltd Seychelles, headquartered in Seychelles and thus subject to regulation there, was founded. However, the offer that you can access in Europe is based on Tmill UK Limited. Again, the broker operates under the name Tickmill and is regulated by the FCA. The Financial Conduct Authority is the UK regulator that operates under very strict conditions. In other words, the broker must meet these requirements so that the regulation is constantly renewed. In addition, Tickmill is considered a member of the so-called Financial Services Compensation Scheme. This was created to protect the customers of financial providers when a bankruptcy occurs. Client funds can be protected up to an amount of around £50,000.
The website is available in different languages. This is a big advantage in the use of their website.

The deposit insurance and regulation of Tickmill
As regards to deposit insurance and regulation, it is important to note that Tickmill Ltd Seychelles has no deposit guarantee, but points out that internal controls are responsible for safeguarding client funds. The situation is different with Tmill UK Limited. The regulation by the FCA is already subject to the requirements to keep customer funds separate from the company’s own assets. This is a first important point for the security of the funds. Tickmill Ltd Seychelles also claims to separate the storage of funds from its own assets.
Important: This does not apply to the funds that act as a margin in the event of a possible bankruptcy by the broker.

Competitive spreads: The different account models
At Tickmill, traders can choose from different account types. The selection consists of four variants:
The classic account
The classic account is suitable for traders who want to enter a trade and want to be active without the payment of commissions. You can choose from 80 different instruments in this account. The use of stop orders and limit orders is possible. There is a market execution with an average execution speed. Margin Call is 100%, stop-out is 30%. The spreads are offered on this account from 1.5 pips, the leverage is up to 1:500 and the min lot size is 0.01. A commission is not charged. The minimum deposit is $25.

The ECN Pro
The second variant is the ECN Pro. This account also offers 80 different instruments and is led through the market execution with an average execution speed. Margin call is set at 100%, the stop-out at 30%. Again, the minimum deposit is $25. Spreads start at 0 and leverage is up to 1:500. The min lot amount is 0.01. The commission in this account is $2/lot.

The VIP account
Anyone who wants a more individual trading environment and approach and can handle a minimum deposit of $50,000 is in good hands in the VIP account. Again, 80 instruments are offered. The execution type corresponds to market execution at an average speed. The leverage is up to 1:500 and the spreads start at 0. The min lot size is 0.01, the commission is 1.6 USD per lot.

The Islamic account
Interesting is also the fact that Tickmill offers an Islamic account. This is 100% compliant with Sharia law. It is also referred to as a swap-free account and can do without overnight positions and without rollover interest and swap rates. The Islamic account can be opened on the basis of all three forms of account.

The CFD trading at Tickmill
Part of the offer by Tickmill relates to the contracts for difference. Here traders have the opportunity to trade the international stock indices and oil on the platform. The broker waives hidden surcharges and the subsequent price changes, which are also known as Requotes. The offer covers a total of 16 international stock indices.

Forex trading at Tickmill
A big field of the broker is the forex trading. Tickmill offers 62 currency pairs that can be executed directly. The focus is primarily on the classic currencies, but also exotic variants are included in the offer. Access to the currency pairs can be done from any account in full.

Offers at Tickmill
Interesting in the Tickmill review is always a look at the offers available at the broker. At Tickmill, quite a good deal is available! There is a welcome bonus that can be claimed through the welcome account. It is $30 and can be used without a deposit. The money you earn on the account can be kept directly and integrated into your account.
In addition, there is the double-price campaign. This is one of the time-limited campaigns that are offered again and again. For example, traders can claim a Commission rebate of 20%.
With the Trader of the Month you have the opportunity to generate additional credit. The winner receives a prize of up to $1,000.

Customer Service at Tickmill
The customer service at Tickmill also passed the our test. There is a live chat that is available for in different languages. Here, traders have the opportunity to enter their name, email address, and select the language. Then the question is simply formulated and the answer is fast. In addition, Tickmill offers support via e-mail and phone, which allows you to reach someone from 7:00 am to 8:00 pm from Monday to Friday.

Very handy is the callback service that is available. Here, you do not have to stay in the queue for a long time, but let the broker simply call you again.
Customer service can be reached through various means.

The trading platform of Tickmill
At Tickmill, you choose from two different trading platforms. The broker works with the popular MetaTrader 4 platform. The MT4 is known for its [very] user-friendly interface and the ability to be customized by the trader in many ways. Due to the very good functionality of the charts as well as the tools that are available for the management of the orders and the trade, even experienced traders can benefit from the platform. Nevertheless, the user interface is very easy to use. You can use the MQL programming language, and use expert advisors and indicators in this context. The automated trading strategies make trading easier for you.

The second variant is the web trader. This is also based on the MetaTrader 4 and therefore has an easy-to-use interface. The advantage is that you can easily use the web version from any browser. A download is not necessary. It also enables one-click trading. The transmission of the information is encrypted.

Account opening: It’s that easy
The account opening is kept as simple as it can be at Tickmill. The broker himself states that the registration does not take more than three minutes to complete. In the first step, the personal details are given. The broker wants to know the name and the customer type, the date of birth as well as the email address, country, and phone number. The next step is to provide information about your citizenship, education, and financial background. Also the trading knowledge as well as the experience in the trade are interesting for the broker. The final step is the selection of a password for the customer area.
Once you have decided on one of the accounts and made the registration, you can make a deposit and can start trading.
In a few minutes, the account is opened at Tickmill and you can take trading.

Seminars and training – what does Tickmill have to offer?
The more a trader deals with trading and gains experience, the more successful he is in trading. Therefore, Tickmill gives great importance to the traders being able to continue their education. The basis for this is the broad-based education. In our Tickmill review, we found that the broker does not do things by halves. It offers a large selection of webinars that can be used by the user. The glossary also gives you the opportunity to get an overview of the different terms of the trade and thus to find the entry into the commercial language. Anyone who learns better, if he can retrieve the one visual representation in the form of videos, who can use the video tutorials. Again, the broker works with a very large selection of topics. This includes:
Forex trading
Market analysis
Forex Strategies
Social Trading
MT4, CFDs, & Stocks
Technical Indicators
Managed accounts
And more…
In addition, there are various articles on the different subject areas in the academy.

Deposit and withdrawal at Tickmill
The broker offers various options for deposit and withdrawal. For many brokers, it is common for fees to be charged. By contrast, Tickmill works with a zero-fee policy. That is, there are no fees for withdrawals. The payment is always made within one working day.
There are different options available for depositing and withdrawing money.
Bank transfer can be used from a deposit of $25. When getting paid, you have to withdraw at least $10. The processing time for deposits is up to 72 hours.
Visa and MasterCard can also be used from a deposit of $25 euros and a payout of $10. The credit is immediately shown in your account.
Skrill needs a minimum deposit of $25 euros and a minimum payout of $10, as well as Neteller. The money is immediately transferred into your trading account.

Important: Payouts will only be made in the same way as the deposits were made. When paying by credit card, it is only possible to withdraw the amount that was paid via the same method. Profits can be requested to be paid out in other ways.

The experience/reviews that you can see in the press or on the internet for Tickmill, are mostly positive, but there are not many reviews. This is partly due to the fact that the broker is still regarded as relatively young.

Can the broker be the right choice for you?
At Tickmill, you get all the information from a single source. This means that you can practice trading with a free demo account and gain basic knowledge through the academy. Of course, it should not be underestimated that you have to spend time on it. The trade itself can be carried out very quickly via the MetaTrader 4.

The money factor: how much capital can you invest in trading?
Tickmill has set a very small amount with a minimum deposit of $25. This is especially advantageous for newcomers who want to start with little investment at the beginning.

At Tickmill, you can trade leverage up to 1:500 and get very high profits, even with a small investment. It should be noted, however, that a high leveraged trade can also lead to losses.

Risk Factor: What about trading risky products?
Trading in leverage products is generally associated with a relatively high level of risk, but does not need to be used in Tickmill. If you want to keep your risk low, this is also possible with the broker.

The human factor: how important is personal support?
If you value good support with your broker, then Tickmill is the place for you. You can contact the provider via various channels and quickly remove questions or ambiguities from your mind. However, some of the contacts are only available in English.


Conclusion: Very good forex broker with tight spreads
The broker Tickmill, came on top our test. You have the possibility to choose from different account models and extends beyond the point of the favorable spreads to the low deposit and the solid support. Even though the broker does not yet have such a high level of publicity in, it is a recommendable contact point for anyone looking for a reliable partner for trading in Forex and CFD and who also expect a good training basis from their broker.
Have you already opened an account with Tickmill? Then would you like to share your opinion about the broker? We look forward to your personal opinion of this forex provider.

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