Tickmill - Review of the trading conditions
Tickmill is a rather young broker, founded in 2014. Despite its age, the company has gained the trust of users from all over the world. The majority of Tickmill clients are located in Malaysia, Poland, Thailand, and China. Thanks to transparent trading conditions and a wide range of trading instruments, the company has repeatedly been awarded as “The Most Reliable Broker” or “For the Best Trading Conditions”.
In this review, we will take a detailed look at all aspects of working with a broker, from registration and account type selection to trading platform features and withdrawal conditions. Our detailed Tickmill review will help you make an informed decision about choosing this broker for your trading purposes.
Tickmill Regulators
Tickmill is regulated by several reputable financial authorities, which greatly enhances the broker’s credibility. The main regulators include
- Financial Conduct Authority (FCA) in the United Kingdom
- The Cyprus Securities and Exchange Commission (CySEC)
- Labuan Financial Services Authority (LFSA) for Tickmill Malaysia and other Asian markets
- Seychelles Financial Services Authority (FSA)
Before sign up, check the regulatory authority. Some trading conditions and opportunities may depend on it.
Overview of Tickmill Account Types
The broker offers a variety of account types to meet the needs of traders with different levels of experience and trading styles. Each Tickmill account type has its own unique features, allowing traders to choose the most suitable option for their strategy.
Account Types | Description and features |
Classic – account | Ideal for beginner traders. Low Tickmill minimum deposit of 100 USD, standard spreads from 1.6 pips, no commission. Access to a wide range of trading instruments. |
RAW – account | For experienced traders. Ultra low spreads from 0 pips, fixed commission of $3.5 per lot. Ideal for scalping and high frequency trading. Access to the full set of trading instruments as in the Classic + WTI and Bonds account. |
Islamic account | Sharia compliant. No swaps, special conditions for long positions. Available as a variant of Classic and RAW accounts. |
Demo – account | Tickmill demo account with virtual $100,000. Ideal for testing strategies and getting to know the platform without risk. Access to all features of the real account. |
All account types support the popular Tickmill MT4 and MT5 platforms, providing flexibility in the choice of trading terminal. Broker offers a welcome bonus of 30 USD for new clients, the conditions of which vary depending on the selected account type.
Trading platforms at Tickmill
Each trading platform at Tickmill is optimized for different trading styles and user preferences. For traders who prefer to trade from home or investors who trade on the go, there are desktop and mobile versions of the platforms. To make trading more comfortable, platforms such as MT4/5, Tickmill Trader and Tickmill VPS can be personalized.
- Tickmill MT4. The classic platform offers an intuitive interface, a wide range of analytical tools and the ability to use Expert Advisors (EAs).
- MetaTrader 5 on Tickmill supports trading of multiple assets, including Forex, Stocks and Futures. It is especially appreciated by traders for its powerful algorithmic capabilities and built-in economic calendar.
- Tickmill Trader is a proprietary development of broker. The web-based platform offers fast order execution, advanced graphical tools and integration with Tickmill analytics. It is especially convenient for traders who frequently change devices or prefer mobile trading.
- Tickmill VPS ensures smooth operation of automated trading systems. This solution is ideal for algo traders and users of expert advisors.
- Tickmill mobile app, which can be downloaded on iOS or Android. The app has the same features as the browser version.
Trading Conditions
Having conducted a thorough review of Tickmill’s trading conditions, we would like to point out that the broker is suitable for more experienced traders. Since the conditions can be higher than the average in the market, you should learn about Forex trading before signing up with Tickmill. You can use the broker’s educational resources such as video tutorials, lectures, books, and articles.
Depositing and withdrawing funds
In order to open an account and start trading, you need to fund your account. Tickmill’s minimum deposit varies depending on the type of account you choose, but starts at an affordable $100.
You can fund your account using several methods:
- Bank Transfer
- Visa/MasterCard Debit/Credit Cards
- E-wallets Netteler, Skrill
- Cryptocurrencies
Deposits and withdrawals are processed quickly, usually within 24 hours, which is one of the advantages.
Spreads and Swaps
The broker offers competitive spreads starting from 0 pips on RAW accounts. On Classic accounts, spreads are slightly higher starting from 1.6 pips, but still attractive for most traders.
Swaps on Tickmill are calculated transparently and depend on current interbank interest rates. Special swap-free conditions are available for Islamic account holders.
Leverage and Margin
Tickmill offers flexible leverage, which can be as high as 1:1000 for some instruments, such as popular currency pairs. This allows traders to maximize their trading potential, but requires sound risk management. For cryptocurrencies and stock indices the maximum leverage is 1:200, for commodities it will be minimal.
Margin requirements vary depending on the instrument being traded and the leverage chosen. It is important to note that different leverage conditions may apply to different Tickmill account types.
Dynamic Leverage
Tickmill’s innovative feature is dynamic leverage, which automatically adjusts based on position size and market conditions. This feature is especially useful for traders with different strategies and trading volumes. Dynamic Leverage helps optimize capital utilization and risk management, which is especially appreciated by experienced traders on Tickmill’s MT4 and MT5 platforms.
Trading Tools
Broker offers a wide range of trading tools to suit the needs of different types of traders. A variety of assets are available on all account types, including Tickmill Demo, allowing traders to practice without risking real money.
Forex Market. Tickmill offers access to over 60 currency pairs, including all major, minor and exotic pairs. Spreads on popular pairs like EUR/USD start as low as 0 pips on RAW accounts, which is especially attractive for scalpers and day traders.
Stock Indices. Traders can trade CFDs on over 15 leading global indices, including the S&P 500, NASDAQ, DAX and Nikkei 225. These instruments are available with competitive spreads and high liquidity.
Commodities. Tickmill offers CFDs on a variety of commodities, including oil, gold, silver and natural gas. A total of about 10 instruments are available in this category, allowing traders to diversify their portfolios.
Bonds. Traders on Tickmill’s MT4 and MT5 platforms can trade CFDs on government bonds, including US T-Bonds and German Bunds. This provides an opportunity to participate in the fixed income market without having to invest directly in bonds.
Cryptocurrencies. With the growing popularity of digital assets, Tickmill has added CFDs on major cryptocurrencies to its arsenal. Traders can trade pairs such as BTC/USD, ETH/USD and others at up to 1:2.
Stocks. Tickmill offers access to CFDs on stocks from over 80 of the world’s largest companies. These include stocks of technology giants, banks and industrial companies from the US, Europe, and Asia. Stock trading is available with competitive commissions and leverage options.
Bonuses and promotions
One of the advantages of Tickmill is that the platform offers interesting bonuses and promotions. Every new and regular user can get various bonuses from his trading. This rewarding activity improves the trading conditions and brings uniqueness. Before participating in any promotion, it is recommended that you read the terms and conditions carefully and make sure that they match your trading strategy.
Promotion | Description |
Trader of the Month | Monthly contest with a prize of $1000 for the most successful traders. Profit percentage and stability of results will be evaluated. Take your profits to the next level and get your winnings to make your trading even more interesting. Your nickname will also be displayed in the table. |
Tickmill’s NFP Machine | This action takes place every week from Monday to Friday. Traders must analyze and guess the NFP number. If the user predicts the price, the prize is 500 USD. If no one guessed the exact number, the closest number will be chosen. You don’t have to do anything special, just guess your number and feel the excitement as the results are announced. You could be the winner this week. |
Welcome Account for $30 | Tickmill no deposit bonus of $30 USD for new customers. Allows you to start trading without depositing any funds, ideal for testing the platform. |
Trade more, get more. | A loyalty program that converts trading volume into cash back. The more gold or silver you trade, the higher your reward. |
Copy trading with Tickmill
Users who do not have the time or expertise to fully analyze the market can take advantage of copy trading. Tickmill offers an innovative feature that allows traders to automatically replicate the strategies of successful investors. This system is integrated into Tickmill’s MT4 and MT5 platforms, providing convenient access for all account types.
The copy function works like this:
- Traders choose a signal provider from the list of successful traders.
- It is necessary to analyze the statistics of successful traders and risk indicators.
- Then it is necessary to set copying parameters, such as volume of trades and maximum risk.
- After that all trades of the provider are automatically duplicated in the subscriber’s account.
To find successful traders at Tickmill, users can use a special rating of signal providers. This rating takes into account many factors such as winning percentage, stability of results and risk management. Traders can filter providers based on various criteria such as trading instruments, average trade duration and maximum drawdown.
Open a trading account with Tickmill
The process of opening an account with Tickmill is simple and intuitive. Here is a step-by-step guide:
- Go to the official Tickmill website and click on the “Open an account” button.
- Choose an account type from the available ones.
- Fill in the registration form with your personal and contact details.
- Upload documents for verification (ID and address confirmation).
- Wait for confirmation from support (usually takes 1-2 business days).
- After approval, log in to your personal account.
- Make a deposit, taking into account the minimum deposit for the selected account type.
For security, Tickmill uses two-factor authentication when logging in.
FAQ
Tickmill offers several ways to contact a personal manager or analyst. Clients can contact via live chat on the website, email or phone. Video calls are also available by appointment.
Tickmill offers a wide range of training materials, including video tutorials, webinars, e-books and articles on various aspects of trading. The broker also hosts regular online seminars and master classes by experienced traders. All these resources are available free of charge to both beginners and experienced traders.
Yes, Tickmill supports the use of automated trading strategies and robots (Expert Advisors) on MetaTrader 4 and MetaTrader 5 platforms. The broker provides VPS hosting to ensure uninterrupted operation of trading robots 24/7. Clients can use both ready-made and self-developed algorithmic strategies.