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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Tickmill Review 2021

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Tickmill Main Features
☑️
Regulations
FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSA(SC) (Seychelles), Labuan FSA (Libya)
️🗺
Supported Languages
English, Spanish, German, Arabic, Russian, Portuguese, Japanese, Chinese, Italian, Indonesian, Vietnamese, Malaysian, Polish, Thai, Korean
💰
Products
Currencies, Commodities, CFDs, Indices, Bonds, Futures
️💵
Min Deposit
$100
💹
Max Leverage
1:30 (FCA), 1:500 (CySEC), 1:500 (FSCA), 1:500 (FSA(SC)), 1:500 (Labuan FSA)
🖥
Trading Desk Type
No dealing desk
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Tickmill Full Review

“Tickmill is a globally regulated Forex, CFD and Futures broker offering the ability to trade on 135+ markets covering Forex, Indices, Commodities and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS systems.”

Tickmill was founded in 2014 and is regulated around the world. This includes regulation from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Services Authority (FSA), the Financial Sector Conduct Authority of South Africa (FSCA) and the Labuan Financial Services Authority (Labuan FSA).

The broker provides the ability to trade on more than 135+ financial instruments covering CFDs and Futures on Forex, Indices, Commodities and Bonds through four core trading accounts called the Pro Account, Classic Account, VIP Account and Futures Account. The broker also offers a demo trading account and Islamic swap-free account.

Users are offered the ability to trade from the globally-recognised MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS operating systems, as well as the CQG platform. Users can access a wide range of trader research and education tools such as webinars, seminars, ebooks, video tutorials and news articles, as well as trading tools such as AutoChartist.

Pros: Cons:
  • Globally regulated (FCA, CySEC, FSA (SC), FSCA, Labuan FSA).
  • Commission-free trading and swap-free accounts available.
  • Spreads from 0 pips with ultra-fast execution.
  • Impressive range of trader research tools and analysis.
  • Stocks and MT5 not yet available.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections


Tickmill Video Review

Investor Protection & Regulations

“The Tickmill Group consists of entities regulated by five global regulators including the FCA and CySEC.”

The Tickmill Group consists of entities that are regulated by five global regulators. This includes:

  • Tickmill UK Ltd is authorised and regulated by the UK Financial Conduct Authority (FCA).
  • Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
  • Tickmill Ltd is authorised and regulated by the Seychelles Financial Services Authority (FSA).
  • Tickmill Asia Ltd is authorised and regulated by the Labuan Financial Services Authority.
  • Tickmill South Africa (Pty) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA).

All of these regulations can be seen on the relevant regulator’s register, as the example of the FCA register shows below for Tickmill UK Ltd’s authorisation:

Each entity offers different investor protections based on the regulatory standards enforced by the financial regulator. For example:

  • Tickmill UK Ltd offers segregated accounts with negative balance protection and access to the Financial Services Compensation Scheme as a regulatory requirement for retail categorised clients.
  • Tickmill Europe Ltd offers segregated accounts with negative balance protection and access to the Investor Compensation Fund for retail categorised clients.

Tradable Products

“Tickmill offers users the ability to trade on more than 135+ financial instruments covering CFDs and Futures on Forex, Indices, Commodities and Bonds.”

Tickmill offers users the ability to trade on more than 135+ financial instruments covering CFDs and Futures on Forex, Indices, Commodities and Bonds. The Futures markets offered are directly from the CME, NYMEX, COMEX, CBOT and EUREX. Below is a list of just some of the available markets for trading:

Forex Indices Bonds
EURGBP AFRICA40 EURBOBL
AUDUSD AUS200 EURBUND
CHFJPY DE30 EURBUXL
GBPNZD FRANCE40 Commodities
EURCAD HK50 XAUUSD
USDTRY ITALY40 XTIUSD
USDRUB JP225 WTI

* Details regarding the available assets are taken from the Tickmill website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and type of account opened but are covered in more detail further down this review.

Account Opening

“Tickmill offers four core trading accounts called the Pro Account, Classic Account, VIP Account and Futures Account. Each account comes with different features which may also vary depending on the regulatory jurisdiction as well.”

Tickmill offers a variety of trading accounts that come with different features and benefits. While services and products vary between each of the accounts, they may also vary depending on the regulatory jurisdiction. The broker offers four account types called Pro Account, Classic Account, VIP Account and Futures Account. They also offer access to a swap-free Islamic account and demo trading account.

For example, Tickmill UK Ltd and Tickmill Europe Ltd offers the following conditions:

Pro Account Classic Account VIP Account
Spreads From 0 pips From 1.6 pips From 0 pips
Commissions 2 per side, per 100,000 Zero 1 per side, per 100,000
Minimum Deposit 100 100 50,000 (min.balance)
Markets available Forex, Indices, Metals, Bond CFDs
Leverage Retail Max 30:1
Leverage Professional Max 300:1
Base Currency USD, EUR, GBP, PLN

Accounts opened in other regulator jurisdictions may offer different conditions such as access to higher leverage of 500:1 for retail categorised traders.

Users can also trade from the broker’s Futures Account which offers*:

  • Instruments from the CME, NYMEX, COMEX, CBOT and EUREX exchanges.
  • Zero minimum ticket fees.
  • Commission from $0.85.
  • A variety of order types.
  • Minimum deposit of $1,000.

The account opening process is simple and users just need to click on the Create Account button on the broker’s homepage. This will then redirect users to a client registration page in which the first step is to provide personal information and accept the Privacy Policy.

After this, users are then asked to provide address, tax information, financial background, trading knowledge and experience. Users will then have access to the Tickmill Secure Client Area to manage trading accounts, deposits, withdrawals and more. However, to get started users will need to upload standard proof of address and proof of identity documentation.

The broker does not offer trading accounts to the United States, North Korea, Iraq, Cuba, Sudan and others.

*Futures account is available to Clients of Tickmill UK Ltd only

Deposit & Withdrawals options

“Tickmill offers a wide variety of fee-free deposit and withdrawal methods which include debit/credit cards, bank wire transfer, Neteller, Skrill, DotPay, PaySafeCard, Sofort, Rapid and PayPal.”

Tickmill offers a wide variety of fee-free deposit and withdrawal methods which include debit and credit cards, bank wire transfer, Neteller, Skrill, DotPay, PaySafeCard, Sofort, Rapid and PayPal, as shown below:

Any bank fees on deposits above $5,000 are covered by the broker. The processing times vary from instant to 1 working day and everything can be managed simply from the Tickmill Secure Client Area.

Web & Desktop Trading Platforms

“Tickmill offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform for Windows, Mac and Web browser, as well as the CQG platform.”

Tickmill offers users the ability to trade on a variety of trading platforms including MetaTrader 4 and CQG.

Tickmill MetaTrader 4 Platform

  • Trade CFDs on Forex, Indices, Metals and Bonds.
  • Access 50+ built-in indicators.
  • Algorithmic trading ability for desktop platform.
  • Available on Windows, Mac and Web.
  • Real-time quotes with one-click trading options.

Tickmill CQG Platform*

  • Advanced trading platform for Futures.
  • Fully customisable trading environment.
  • Access multiple timeframes, news, volume indicators.
  • View liquidity depth and volume-weighted average indicators.
  • Advanced portfolio monitoring tools.
  • CQG Desktop $25 per month.
  • CQG Trader $75 per month.

*The CQG platform is available to Clients of Tickmill UK Ltd

A screenshot of the MetaTrader 4 platform provided by Tickmill is shown below and is reviewed further in video review:

Mobile Trading Platforms

“Tickmill allows users to trade on the popular MetaTrader 4 mobile trading app for Android and iOS operating systems for on the go mobile trading, as well as CQG Mobile.”

Tickmill allows users to trade on the MetaTrader 4 mobile trading app for Android and iOS operating systems. The app can be downloaded from the broker’s website or from the Apple App Store or Google PlayStore.

With the MetaTrader 4 mobile trading app provided by Tickmill, users can:

  • Use the app for free!
  • View real-time quotes.
  • Trade directly from the chart.
  • Access multiple asset classes.
  • Use different technical trading indicators.
  • Manage accounts on the go!

The CQG Mobile trader app offers advanced features for $25 per month as a stand-alone, or free with any other package. The MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

“Tickmill provides additional trading tools which include Autochartist, a VPS service and more.”

Tickmill provides additional trading tools which includes:

  • Autochartist MT4 Plugin and web application which is an advanced chart pattern recognition tool highlighting actionable trading opportunities. Available for free for live account holders.
  • A VPS service to help run Expert Advisors 24/7. Tickmill clients receive a 20% discount on all packages with 100% uptime guaranteed.
  • MetaTrader Marketplace allows users to access copy trading services, algorithmic trading services and customised indicators and strategies directly from the MT4 platform.

Commissions & Spreads

“Trading costs with Tickmill vary depending on the account type opened. Some accounts offer commission-free trading and some are commission-based.”

Trading costs with Tickmill vary depending on the account type opened and instrument being traded.

For CFDs on Forex, Indices, Metals and Bonds the accounts provide the following spreads and commissions:

Pro Account Classic Account VIP Account
Spreads From 0 pips From 1.6 pips From 0 pips
Commissions 2 per side, per 100,000 Zero 1 per side, per 100,000

The broker also provides further transparency by detailing minimum and typical spread information on their website, along with overnight swap trading fees, as shown below:

The broker also provides information regarding fees for its Futures Account, with commissions starting from $0.85. The fees for the different exchanges and instruments can be found on the broker’s website, as shown below:

Bonus & Promotions

“Currently, there are no bonus or promotions advertised on the broker’s FCA or CySEC regulated websites, in line with European regulations. However, accounts opened under the Seychelles Financial Services Authority are offered bonus promotions.”

Currently, there are no bonus or promotions advertised on the broker’s FCA or CySEC regulated websites, in line with European regulations. However, accounts opened under the Seychelles Financial Services Authority are offered bonus promotions.

The bonuses and promotions offered from this entity include:

  • Trader of the Month – Live account holders are automatically added to this promotion where the top-performing trader receives a $1,000 prize.
  • NFP Machine – This is a promotion on who can guess the NFP figure and market price of a chosen asset class. This could result in $500 added to your trading account, or if it’s a close prediction a $200 prize.
  • IB Contest – The Global IB Championship: Designed exclusively for Introducing Brokers, The Global IB Championship invites IBs to grow their referral network and earn points for every lot traded by their introduced Clients. This year, Tickmill’s IB Contest gives away more than $65,000 in cash prizes to the best performing IBs across 4 regions in the world.
  • $30 Welcome Account

Customer Support

“Tickmill offers multilingual customer service support via Telephone, Email, Online Contact Form and Live Chat. Support hours are Mon-Fri 7am to 4pm GMT.’’

Tickmill offers multilingual client service support via Telephone, Email, Online Contact Form and Live Chat. Client support hours are Mon-Fri 7am to 4pm GMT. The broker also provides a detailed FAQ section for help.

Users can access customer support in a variety of languages including English, Arabic, Chinese, German, Indonesian, Italian, Korean, Polish, Portuguese, Spanish, Thai, Turkish, Vietnamese, Malay, Russian, Filipino.

After logging into the Live Chat service we were greeted by an agent who answered our question promptly all in under 30 seconds, as shown below:

Contact Information:

  • Address: 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ
  • Email:
    • Tickmill Ltd: support@tickmill.com
    • Tickmill UK Ltd: support@tickmill.co.uk
    • Tickmill Europe Ltd: support@tickmill.eu
  • Phone:
    • Tickmill Ltd: +852 5808 2921
    • Tickmill UK Ltd: +44 203 608 6100
    • Tickmill Europe Ltd: +357 25041710
  • Social Media:

Research

“Tickmill provides an impressive range of trader research resources via the Tickmill Expert Blog. This includes a range of articles covering Market Analysis, Fund Analysis, Daily Outlook and Latest News.”

Tickmill provides an impressive expert blog which covers market insights, fundamental analysis and technical analysis from a range of different experts, as shown below:

Through the Tickmill expert blog there are also technical analysis articles with the ‘Chart of the Day’ feature, providing fundamental and technical analysis, as shown below:

The articles are well detailed and useful for both beginner and advanced traders. Users can also follow the broker’s different experts from the Expert Blog.

Trader Education

“Tickmill provides a wide range of trader education resources in the form of webinars, seminars, ebooks and video tutorials.’’

Tickmill provides a wide range of trader education resources suitable for both beginner and advanced traders. This includes a wide range of webinars in different languages. The calendar of webinars is shown on the broker’s website, as shown below:

Users can also access a range of different ebooks which include:

  • Introduction to Fibonacci Analysis
  • Knowing your Trading Costs
  • An in-depth look at Risk Management
  • The Ultimate Guide to Becoming an IB
  • Trading the Majors: Insights and Strategies

The broker also provides an extensive range of video tutorials covering Forex Trading, Market Analysis, Trading Psychology, Trading Strategies, Social Trading, Stocks and more.

Trading Experience

“Tickmill provides a simple trading offering to trade on more than 135+ instruments covering CFDs and Futures on Forex, Indices, Commodities and Bonds from the MetaTrader 4 and CQG trading platforms.”

From our observations, Tickmill provides a simple trading offering suitable for both beginner and advanced traders. Users can access CFDs products on the commission-free Classic Account with spreads from 1.6 pips, or the commission-based Pro and VIP Account with spreads from 0 pips.

The broker provides the ability to trade on 80+ CFDs on the globally-recognised MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS, as well as additional futures markets on the CQG platform. Live account holders can access the free Autochartist pattern recognition scanner while also viewing regular webinars and daily news articles from their experts.

FAQ

Is Tickmill regulated?

Yes, by the FCA, CySEC, FSCA, Seychelles FSA and Labuan FSA.

Where is Tickmill based?

Tickmill is based at 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ

How does Tickmill make money?

Tickmill makes money mainly through spreads and swaps on certain tradable asset classes and commissions on certain trading accounts.

How do I deposit in Tickmill account?

Funds can be deposited into a trading account via debit or credit card, bank wire transfer, Neteller, Skrill, DotPay, PaySafeCard, Sofort, Rapid and PayPal.

What is the min. deposit for Tickmill ?

The minimum deposit for Tickmill is 100 USD/ GBP/ EUR.

How do I withdraw money from Tickmill ?

Withdrawals can be made from Tickmill via debit or credit card, bank wire transfer, Neteller, Skrill, DotPay, PaySafeCard, Sofort, Rapid and PayPal.

What is the max leverage in Tickmill ?

The maximum leverage offered by Tickmill is 30:1 for retail traders and 500:1 for professional traders.

How do I open an account with Tickmill ?

An account can be opened at the click of a button on the Tickmill website and can be done in just a few steps.

Does Tickmill use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Tickmill is a globally regulated Forex, CFD and Futures broker offering the ability to trade on 135+ markets covering Forex, Indices, Commodities and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS systems.”

Tickmill was founded in 2014 and is regulated around the world. This includes regulation from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Services Authority (FSA), the Financial Sector Conduct Authority of South Africa (FSCA) and the Labuan Financial Services Authority (Labuan FSA).

The broker provides the ability to trade on more than 135+ financial instruments covering CFDs and Futures on Forex, Indices, Commodities and Bonds through four core trading accounts called the Pro Account, Classic Account, VIP Account and Futures Account. The broker also offers a demo trading account and Islamic swap-free account.

Users are offered the ability to trade from the globally-recognised MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS operating systems, as well as the CQG platform. Users can access a wide range of trader research and education tools such as webinars, seminars, ebooks, video tutorials and news articles, as well as trading tools such as AutoChartist.

  • 5 global regulations.
  • Commission-free trading account available.
  • 135+ CFD and Futures instruments across Forex, Indices, Commodities and Bonds.
  • Can trade on MetaTrader 4 for Windows, Mac, Web, Android and iOS.
broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

See Tickmill Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
United Kingdom
Foundation Year
2014
Regulations
FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSA(SC) (Seychelles), Labuan FSA (Libya)
Publicly Traded
No
Number Of Employees
100-200
Trading Desk Type
No dealing desk
Trading platforms
MT4
Restricted Countries
United States, Cuba, North Korea, Iraq, Sudan
Supported Languages
English, Spanish, German, Arabic, Russian, Portuguese, Japanese, Chinese, Italian, Indonesian, Vietnamese, Malaysian, Polish, Thai, Korean
Min Deposit
$100
Max Leverage
1:30 (FCA), 1:500 (CySEC), 1:500 (FSCA), 1:500 (FSA(SC)), 1:500 (Labuan FSA)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Western Union
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Webmoney, Moneybookers, Cash-U, QIWI
Fixed Spreads
No
Commission On Trades
No
Products
Currencies, Commodities, CFDs, Indices, Bonds, Futures
Mini Account
No
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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