In Europe, the Tickmill brand operates as Tickmill Europe Ltd, and is licensed by various European regulatory agencies as follows:
- Authorized and regulated by the Cyprus Securities and Exchange Commission (CIF Licence number 278/15)
- Tickmill Europe Ltd (ex Vipro Markets Ltd) is registered with the UK Financial Conduct Authority – FCA (Registration number: 733772)
- the German Federal Financial Supervisory Authority – BaFin (Registration number: 146511),
- the French Autorité de Contrôle Prudentiel et de Résolution – ACPR (Registration number 75473)
- the Italian Commissione Nazionale per le Società e la Borsa – CONSOB (Registration number 4310)
- the Spanish Comisión Nacional de Mercado de Valores – CNVM (Registration number: 4082) )
- MiFID II compliant under the Investment Services and Regulated Market Law of 2017 (Law number: 87(Ι)/2017).
Digital protection comes from cyber-security, which is aimed at protecting user data and securing the payment gateways used for account deposits and withdrawals.
Investor protection comes from the regulator’s end. Regulations by CySEC and the FCA require all funds belonging to clients to be segregated in selected banks, away from the operational funds of the company. Furthermore, investor compensation fund membership by the broker is mandatory. Tickmill is, therefore, a member of CySEC’s Investor Compensation Fund, as well as FCA’s Financial Services Compensation Scheme (FSCS). Such funds are pooled from contributions by regulated brokers, and can provide compensation to investors if financial impropriety causing loss of traders’ funds is proven.
Finally, the broker offers negative balance protection, meaning a trader’s account can never go into minus. This is an excellent feature for traders.
Tradable Products
“Tickmill offers trade in 60 currency pairs, 2 Metals, 17 Stocks and Indices, and 4 Bonds.”
Here is the comprehensive list of assets listed for trading on the Tickmill platforms.
Leverage is 1:20 for major indices, and 1:10 for non-major indices.
Energy CFDs
Leverage is 1:20
Precious Metals
- XAU/USD (gold)
- XAG/USD (silver)
Leverage for gold is 1:20 and 1:10 for silver.
Bonds
- EURBOBL
- EURBUND
- EURBUXL
- EURSCHA
Leverage is 1:5
Depending on the account type, trading on the EUR/USD starts from 0.0pips (Pro and VIP accounts) to 1.6 pips (Classic account), with commissions paid on trades on the VIP account. Trades on FX and CFDs on the Classic and Pro accounts are commission-free.
Account Opening
“Tickmill offers 3 types of accounts with spreads starting from 1.6 pips on EUR/USD in Classic account. The Pro account is the most popular.”
The Tickmill brand was founded in 2015 and offers its traders three types of live accounts:
Classic account holders are offered fixed spreads that start from 1.6 pips (EUR/USD), a $100 minimum account deposit requirement and a minimum trade volume of 0.01 lots. Leverage provision is 1:30 for Tickmill UK and 1:500 for Tickmill Seychelles. Trading is also commission-free, with an option of swap-free Islamic account options.
The Pro account is the most popular of the three account types, according to the broker. Traders who operate the Pro account get access to all the features of the Classic account, but with the added advantage of having spreads that are as low as 0.0 pips. Pro Account holders pay 2 units of currency per Standard Lot traded as commission, and also have the same leverage provisions as Classic account holders.
In addition to the features of the Pro account, VIP account holders require a minimum balance of 50,000 units of the account currency. Commissions paid on trades are lower; only 1 currency unit per Standard Lot is paid. There is also the option of the swap-free Islamic account variation for this account type. Maximum leverage provision also stands at 1:30 and 1:500 for the Tickmill UK and Seychelles locations respectively.
