Tickmill ecn

Take advantage of tight spreads and competitive commissions. *no commission on cfds on stock indices, oil and bonds.

Top-3 forex bonuses

PRO ACCOUNT

Designed for experienced traders who expect advanced features and optimal conditions.

Why choose our PRO account?

PRO ACCOUNT

Take advantage of tight spreads and competitive commissions.

Minimum deposit	100
available base currencies	USD, EUR, GBP
spreads from	0.0 pips
max leverage	1:500
min lots	0.01
commissions	2 per side per 100,000 traded
all strategies allowed
swap-free islamic account option

Trade cfds on 62 currency pairs, major stock indices, oil, precious metals and bonds on your pro account, with fluctuating spreads starting from 0.0 pips.

You will pay commission of only 2 currency units per side per lot (0.0020% notional) on your pro account in the base currency of the trading instrument.Our standard commission is one of the lowest in the world.

Example: if you trade 1 lot of EURUSD, which has a contract size of 100,000 EUR, then your commission per side would be 2 EUR and 4 EUR round turn.

Though many brokers do not allow placing stop and limit orders close to market prices, we allow you to do just that. So stop and limit levels for pro account users are zero.

*no commission on cfds on stock indices, oil and bonds.

Benefit from EXCEPTIONAL trading conditions

available base currencies

execution model

execution type

average execution speed

margin call / stop-out

Benefit From Exceptional Trading Conditions

Access some of the most
POPULAR INSTRUMENTS
of the market

FOREX

STOCK INDICES & OIL

METALS

BONDS

START TRADING with tickmill

It's simple and fast to join!

REGISTER

Complete registration, log in to your client area and upload the required documents.

CREATE AN ACCOUNT

Once your documents are approved, create a live trading account.

MAKE A DEPOSIT

Select a payment method, fund your trading account and start trading.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Tickmill.Com is owned and operated within the tickmill group of companies. Tickmill group consists of tickmill UK ltd, regulated by the financial conduct authority (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill europe ltd, regulated by the cyprus securities and exchange commission (registered office: kedron 9, mesa geitonia, 4004 limassol, cyprus), tickmill south africa (pty) ltd, FSP 49464, regulated by the financial sector conduct authority (FSCA) (registered office: the colosseum, 1st floor, century way, office 10, century city, 7441, cape town), tickmill ltd, regulated by the financial services authority of seychelles and its 100% owned subsidiary procard global ltd, UK registration number 09369927 (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill asia ltd - regulated by the financial services authority of labuan malaysia (license number: MB/18/0028 and registered office: unit B, lot 49, 1st floor, block F, lazenda warehouse 3, jalan ranca-ranca, 87000 F.T. Labuan, malaysia).

Clients must be at least 18 years old to use the services of tickmill.

High risk warning: trading contracts for difference (cfds) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade contracts for difference (cfds), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk.

The site contains links to websites controlled or offered by third parties. Tickmill has not reviewed and hereby disclaims responsibility for any information or materials posted at any of the sites linked to this site. By creating a link to a third party website, tickmill does not endorse or recommend any products or services offered on that website. The information contained on this site is intended for information purposes only. Therefore, it should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as recommendation to buy, sell or otherwise deal with any particular currency or precious metal trade. If you are not sure about your local currency and spot metals trading regulations, then you should leave this site immediately.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of tickmill or any of its affiliates, directors, officers or employees.

The services of tickmill and the information on this site are not directed at citizens/residents of the united states, and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Tickmill review

Tickmill is forex broker. Tickmill offers the MT4 and MT4 webtrader trading currency platforms. Tickmill.Com offers over 60 currency pairs, gold, sliver, bonds and cfds for your personal investment and trading options.

Broker details

established:	2015
address:	3, F28-F29 eden plaza, eden island, mahe, seychelles
contact:	support@tickmill.Com, +852 5808 2921
regional offices:
regulators:	cysec #278/15, FSA-S #SD 008, FCA #717270
prohibited countries:

deposit methods:

bank wire, VISA, mastercard, fasapay, globe pay, local bank transfers, neteller, ngan luong, qiwi, skrill, sticpay, unionpay

withdrawal methods:

bank wire, VISA, mastercard, fasapay, globe pay, local bank transfers, neteller, ngan luong, qiwi, skrill, sticpay, unionpay

Live discussion

Join live discussion of tickmill.Com on our forum

Tickmill.Com profile provided by tickmill, nov 10, 2016

Tickmill is an award-winning global ECN broker, authorized and regulated by the FCA of the united kingdom and the FSA of seychelles. Tickmill offers its retail and institutional clients various trading services with a prime focus on forex, stock indices, commodities, cfds and precious metals. The company has distinguished itself among global ECN forex brokers by providing excellent services with low spreads, some of the industry’s lowest ECN commissions and ultra-fast execution with the state-of-the-art london trading servers located at equinix LD4 data center. Our team members have trading experience that goes back to 1989 and we have successfully traded all major financial markets from asia to north america.

In june 2016, tickmill recorded a monthly trading volume of $49.1 billion, followed by a record-high trading volume of $51.7 billion in july, which makes it one of the largest retail forex brokers in the world.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

I have been with tickmill over 5 years and they are my experience with them is excellent.
They provide direct market trading with minimal commission and almost no slippage.

Deposits and withdrawals are fast if using skrill or neteller even faster.

They do have a client outreach and communicate with you occasionally on promotions or events they hold.

I have had no qualms' with them at all.

Commendable and one of the best. Keep up the good work.

Length of use: over 1 year

Tickmill threatens with legal action against me because I expose truth on social media how they refuse to pay me my funds, $35 966! Funds are not paid for more then 6 months already, and they now even threaten with legal action against me. I fight this SCAM company hard with regulators and I am going also to bring my case on court. This unjustice and fraudulent behavior must be stopped!

I strongly advise everyone to stay away from tickmill. This is SCAM company and I kindly ask forexpeacearmy to mark this company with SCAM label and their ratings erased to 0.

Aug 17, 2020 - 1 star this is SCAM company and it should be put where it belongs, to SCAM brokers. Their ratings erased.

Their price at the moment is on 24.10 $. Also straight forward crippled price action. While at same time december futures 2020 contract price which they claim they follow is on 43.22 $ with very much visible dips during upside movement. Something which we do not see in tickmill's price action!

For situation to be even worse, they charge insane swap for long positions of more then 14 points! Total SCAM! This must be punished!

Tickmill continues their fraudulent activity by offering imaginary, fake, and wrong spot WTI price. Price which has nothing to do with reality, or with any futures contract price. Random number they transmit.

I am in close contact with FSA regulator which works on my case, and hopefully this week there will be some real progress regarding my case, and my funds paid in full.

Tickmill must pay me funds they owe me, $35 966 must be paid to my trading account # 3033967.

For more information about my case, you can follow it here: scam - scam alerts - tickmill SCAM! Offers invalid WTI price in close only mode, wrong price execution for all bigger trades.

May 11, 2020 - 1 star I am going to describe 2 problems I ran into with tickmill. My trading account # 3033967.

First and main problem is fake and imaginary WTI CFD price they offer in the moment. Their price currently is at 9.64$ for barrel, while true WTI CFD price is 26$ for barrel, it can be checked with any other broker, or simply by looking at CME futures prices for WTI, all contracts are above 25$ for barrel. Tickmill have applied close only mode on WTI, and since I have 3 long positions I am not able to close my positions with significant profit of 26 000$, and trader can not open new long positions on that absurd, fake, low price they offer because it is only close only mode applied. I would have no problems with their close only mode if they offer true WTI CFD price, instrument I was trading with. Their excuse is that they follow movement of december 2020 futures price, which is also invalid since price for december futures is over 30$ for barrel, and also price movement is completely different. They refuse to pay my winnings after weeks of annoying conversations and invalid arguments they try to provide. I am experienced trader who has account with over 10 brokers, and what they say is completely absurd and not acceptable! Difference in their price from true price is almost 300%, no LP can justify that. There is only one true WTI CFD price and it is between 26$ and 27$ for barrel at the moment I am writing this review.

Second problem I encountered with wrong price execution for trades bigger then 1 lot size. This applies for all FX pairs and metals. Order is executed on price NOT SHOWN in MT4, but on price worse for client by 1-2 points. This happens every time, for manually opened positions and pending positions. They stole from me on over 500 trades these 1-2 point. It is not slippage, it is wrong price execution! I brought this issue also to them, and gave them chance to refund what they were stealing from me for years, but they refused with no true explanation provided, only fake arguments which has nothing to do with reality. Experienced trader like me can not be fooled or tricked like that.

I am going to continue to fight with them with these two problems and claim my funds via court if necessary if they continue to refuse to pay what they owe me.

Everyone can feel free to contact me directly here on FPA if further details about tickmill are wanted.

Reply by tickmill submitted may 15, 2020 hi deltoid88,

We have provided all necessary clarifications and have assisted with detailed explanation in regards to your trades.

If you have any additional concerns, you can reach out to our support team.

Honest tickmill forex broker review – scam or not?

Review:	regulation:	min. Deposit:	forex pairs:	spreads:
(5 / 5)	FCA (UK), cysec (EU), FSA (SE)	100$	50+	0.0 pips + 1$ commission per 1 lot

Are you looking for real experiences and a critical test to the tickmill broker? – then you are exactly right on this page. As traders with more than 7 years of experience in the financial markets, we have tested the provider in detail for you with real money. Learn more about the conditions and seriousness of the broker. Is it really worth it to invest in forex broker tickmill money or not? – inform yourself in detail now.

Official website of tickmill

What is tickmill? – the company presented

Tickmill is an international broker for trading derivatives financial forex and cfds. The main headquarters are located in london: 1 fore street, london EC2Y 9DT, united kingdom. For many years, the company has proven itself to offer traders professional trading on the best terms. Also, there are branches in cyprus and seychelles.

According to the website, tickmill should provide an excellent trading experience with the cheapest spreads and commissions, which we will take a closer look at in the following test. Furthermore, the broker shines with many different awards in the industry and allows his traders to pursue any trading strategies.

Facts about tickmill:

Forex broker from great britain (london)

Made by traders for traders

Specialized in forex trading with special conditions and lowest spreads

Worldwide branches in different countries

114 billion average trading volume per month

(note: get 5% spread rebate with the codes: IBU13836682 (EU) & IB60353132 (international))

Is tickmill a regulated forex broker?

Regulations and licenses are important for traders and brokers so that a trusting relationship can be created. When a broker applies for a license, certain criteria and requirements must be met. A violation of the policy means in most cases a direct loss of the license.

Tickmill is even regulated several times. The broker has licenses from the FCA (UK), cysec (cyprus) and FSA (seychelles). It gives us a positive direct impression. European traders have to trade with the english license (FCA) or cysec license, which brings further benefits. On the other side, international traders have to choose the FSA license.

The safety of customer funds

The security of client funds should be given to a trusted broker. In online investments, trust in a broker is very important. Many smaller brokers with no license and experience sometimes handle money incorrectly. In order to avoid such a fraud, one should pay attention to certain criteria in broker selection.

Tickmill insures client funds separately from corporate funds to manage. For this purpose, the barclays bank is used, which operates internationally and is always liquid. In addition, client funds will be protected in the unlikely event of a bankruptcy or financial dilemma of tickmill with the financial services compensation scheme (FSCS) of up to £ 75,000. This is a very high value compared to other brokers, which usually have no deposit guarantee or a smaller one.

Regulation and safety:

Regulated by FCA, cysec, and FSA

Customer funds are managed by barclays bank

High deposit guarantee of 75,000 GBP (FCA license)

Safe website communication

Review of the tickmill conditions for traders

Tickmill is a true NDD broker (non-dealing desk) with well-known liquidity providers. It is traded herewith excluded conflict of interest between broker and customer. This is a big advantage as it is not a market maker.

There are more than 84 instruments available on the market. The broker is constantly trying to expand its offer and, for example, integrate new assets such as bitcoin. The offer is quite manageable and the tickmill tries to specialize with its offer on currencies (forex). Cfds (contracts for difference) are also available for commodities, government bonds or stock indices. Individual shares cannot be traded on this broker, so here’s a small smear in the rating that must be made.

Tickmill is characterized by its extremely tight spreads and low commission. We have compared many providers in recent years and tickmill is and remains the cheapest. The typical spread in the EUR/USD is only 0.00 – 0.01 pips small and the commission is a maximum of $ 2 per traded $ 100,000 (1 lot) in the pro account. Traders with higher deposits can even benefit from even smaller commissions ($ 1).

In addition, there are no requotes, as it is a true forex broker. This means you will always be able to open and close a position for the next best price in the market. The liquidity is always given by the various liquidity providers and the slippage is also very low on business news.

The best conditions:

Very low spreads starting at 0.0 pips

The extreme low commission in pro and VIP account is a huge advantage

Pay only 2$ (pro) or 1$ (VIP) commission per 1 lot traded

Fast execution and high liquidity

More than 50 forex pairs

Max. Leverage of 1:500

(note: get 5% spread rebate with the codes: IBU13836682 (EU) & IB60353132 (international))

Tickmill trading platform test

As a trading platform, the metatrader 4 is offered to you. This is a proven and worldwide trading platform for private and professional traders. The platform is available for the browser (web), desktop (download), android (app) and ios (app). With the metatrader, you can easily and flexibly access the markets of tickmill from anywhere in the world.

The metatrader is perfect for any trader who wants to earn sustainable money in the markets. Even with small capital can be traded, because there are micro lots available. In addition, there is always a guaranteed execution at tickmill and no partial execution.

Professional charting and analysis

A trading platform should be user-friendly and flexible. This can offer the metatrader. Several chart settings for the technical analysis are adjustable. Use the well-known candlesticks for an even better analysis of the markets. Tickmill also provides educational tutorials for beginners.

In addition, use free indicators, which are adjustable for your personal strategy. The metatrader comes with a lot of tools after installation. If you do not have enough, you can add additional tools to metatrader 4. Use self-programmed indicators for every chart.

Facts about the platform:

Flexible and user-friendly trading platform

Available for every device

Free indicators

Very many different analysis tools

Automated trading possible

Available for any device

In addition, tickmill offers education material and webinars for its clients.

Trading tutorial: how do forex and CFD trading work?

Forex is the largest market worldwide. Daily several trillions of dollars are being transacted in this market. That is why it is also highly liquid and interesting for beginners and experienced traders. Tickmill offers over 60 different currency pairs. Including many currencies from emerging markets. This is a huge advantage for those who are looking for an exotic currency pair for trading. For currencies, you can bet on falling or rising prices. Buy one currency and sell the other currency from the currency pair. The difference in the price is well written as profit.

Cfds are also offered. They are leveraged derivatives that can be traded on a variety of values. For the opening of a CFD trade, you do not buy directly the underlying asset, but only the contract to that value. This has several advantages because you can act with a high level of leverage and very easily place short trades. The broker rounds off the offering with cfds on stock indices, commodities, precious metals, and bonds.

Invest in falling or rising prices and secure the position with a stop loss and take profit. These are limits that automatically close your position. Since the calculation is sometimes confusing, tickmill offers a forex calculator. With this calculator, you can determine your risk and the position size in just a few seconds.

Tickmill offers fast order execution and high liquidity

Tickmill has several data and data centers around the world. In metatrader 4 you can choose the best access (server) for you. The broker is also characterized by its low latency. With the connection to the live server in london I have a latency of under 30 ms. If that is still too slow, you can rent a VPS server.

Personally, we had no problems with the order execution. The website also emphasizes that there are no requotes. Even with large position sizes 30 lot + can be traded easily. You always get a direct and immediate execution at the best prices.

Tickmill is a non-dealing desk broker, which has a similarity to an ECN broker. The difference between NDD and ECN is that the broker still sits between the market and clients. An obligation to pay additional funds can be excluded.

Use a VPS-server for the best connection

The provider allows any strategies and automatic programs. Expert advisors (eas) can run 24 hours a day automatically through a VPS server at tickmill. The latency is very low and the price from $ 22 a month too.

The best choice for automatic programs

Low latency

Cheap fees (22$ per month)

Tickmill automated trading is possible

Tickmill allows every strategy and also automated programs. As mentioned above you can rent a VPS server very cheap. In connection with the metatrader 4 it works without problems and the setup is very simple. Program automatic programs for your trading or use provided trading systems. Today, more than 50% of the order executions are made automatically in the forex market.

Here you can see again that tickmill is a serious NDD broker. Dubious brokers forbid strategies or automatic programs. In addition, tickmill has no limit for stop-loss and take-profit brands. So it can be traded very small movements. Due to the low fees, it is worthwhile to scalping and day trading.

VPS-server allows you trading 24/7 on tickmill.

How to open your free tickmill account:

Another plus point for tickmill is the simple depot opening. According to the website, you need a maximum of 3 minutes for this and we can confirm this personally. Fill in the form with your personal data. Then you get direct access to the customer portal of tickmill. In addition, your email must be confirmed.

After that, the account has to be verified. Thanks to the strong regulations, brokers are not allowed to pay out to unverified customers. Even after the first deposit, the account must be verified urgently. Since our account is a bit older, we can not tell you whether a deposit without verification is possible.

For verification, it is sufficient to upload your ID and proof of address. The broker confirms the documents within 24 hours (weekdays). For even faster verification, contact support and say that your documents have been uploaded. Then you have access to the full functions of the trading account.

Unlimited demo account for beginners at tickmill

The free demo account of tickmill is perfect for beginners or experienced traders. It is unlimited and without expiration time. Traders can trade the markets with virtual assets and simulate real trading. Experienced traders learn new strategies or test new markets. For the demo account, no deposit or verification is necessary.

(note: get 5% spread rebate with the codes: IBU13836682 (EU) & IB60353132 (international))

3 different account types – which one you should choose?

Tickmill offers 3 types of accounts for traders. Interesting for us is only the pro and VIP account. From our experience, it is not worth the classic account to open, because the fees are accordingly higher than in the pro account. In the following text, we will inform you about the terms of each account.

As described above, the fees are sensationally low. Read the table below for more details. The pro accounts commission is only $2. So you pay only a fee of $4 per completed trade. When you open a VIP account, you save another 50%, because you only pay $2 for each completed trade. Even with our code (under the registration button) can save another 5%.

Tickmill gives you the exact interbank spreads from 0.0 pips. Trading is smooth and fast processing is provided by european servers. Upon request, an islamic account without swaps (interest) can be created.

Classic	pro	VIP
min. Deposit:	100$	100$	50.000$
spreads:	1.6 pips	0.0 pips	0.0 pips
leverage:	max. 1:500	max. 1:500	max. 1:500
commission:	0$	2$ per 1 lot traded	1$ per 1 lot traded

Info: tickmill also offers its european customers to sign up as a professional trader and keep the high leverage of 1: 500.

The VIP account is the best choice for high volume forex traders

High-volume traders or companies can open a VIP account. From a deposit of 50,000$, you have even cheaper fees. You then only pay $ 1 per traded lot. This makes $ 2 per completed trader. These low costs can generate an increased profit. In addition, stop orders and limit orders are allowed close to market prices. This is a very good offer in comparison.

In summary, tickmill account types offer a great opportunity for every trader. The terms are very good and much better than other forex brokers. No matter if you want to trade the markets with small or big capital, tickmill is the right decision for beginners or advanced traders.

Compare the terms between tickmill and other brokers yourself. Tickmill is always the cheapest and has, therefore, made the first place in my forex broker comparison. With no other broker, you get so cheap trading fees without conflict of interest.

Review of the deposit and withdrawal of tickmill

At tickmill you can deposit and withdraw using the same methods. Bank transfer, credit card, skrill and neteller are available. On the payment and deposit, there are no fees.

My tests and experiences have shown that the payouts are very fast and the money is sent on the journey within 24 hours. You will receive a confirmation email after payment when the payout has been made.

How high is the minimum deposit? – trading with a small amount of money

The minimum deposit is regularly 100$/€. You can trade in the trading platform as low as 0.01 lot. This is a very small position size and the risk is in most cases only a few cents high. The provider is thus broadly positioned because even larger investors can trade without problems at this broker.

Tickmill deposit and withdrawal methods

Questions and tips for your transactions:

Open your free account at tickmill. Complete your data and verify the account. After verification, all functions of the broker are available to you.

How much money should you deposit? – this is entirely up to the goals and ideals of the trader. Some trading strategies, for example, are not feasible with a small sum of € 100. Be sure to test the demo account before making your first deposit.

Are my transactions with tickmill safe? – yes, tickmill works only with the best banks and verified payment providers. You can check all transactions in the customer portal.

Also, open several trading accounts in the customer portal. Thus it is possible to use different accounts for different strategies. An internal transfer takes only a few minutes.

New: now use sofortüberweisung (klarna) or paysafecard to capitalize your account even faster.

Is there negative balance protection?

The negative balance of an account is very feared by many traders. And this is also very justified. For some brokers, traders in the past have been able to build up debt or negative balance through extreme market conditions, which had to be balanced.

At tickmill there is no additional funding and you are thus protected against a negative balance.

With tickmill you cannot lose more money than your deposit.

Tickmill service and support for traders

One of the last important points in this review is trader support and service. Tickmill offers support in more than 10 different languages (also africa, asia, india, thai clients). From our experience, the broker employs international employees who exclusively look after every customer.

Support is available to customers 24 hours a week, 7 days a week. The support is provided by chat, phone or email. A trader should not lack anything here. My tests showed that the support is always fast and reliable!

Tickmill presented itself in different countries, for example at the world of trading in frankfurt. The broker had his own stand there and sought direct contact with his clients. Service is one of the most important things for traders and tickmill shows confidence and seriousness.

To further improve its service, well-known and professional traders are invited to hold webinars or other information sessions. Well-known names are giovanni cicivelli or mike seidel. The saying “by traders for traders” also applies here. Tickmill tries to give its customers the best performance combined with good service.

In summary, the support from tickmill is very good and professional. Our personal concerns were always resolved very quickly and we can make a clear recommendation here. Overall, the overall package is rounded off with a great service.

Support:	available:	phone number:	special:
phone, chat, email	24/5	+44 (0)20 3608 6100	webinars, 1 to 1 support, events

Conclusion of my review: tickmill is one of the best forex brokers

My experience and tests show on this page that tickmill is a very good broker. He gets from us a 5-star rating. We recommend this forex broker with a clear conscience. Tickmill offers an offer for every type of trading.

With the world’s cheapest fees, the broker is currently topping any competitor. The trading experience is unique with this broker and you save a lot of money on the order execution. For every trader who trades forex, this is the right provider.

If you have further questions, contact support by phone or chat. International employees are ready to help you.

Tickmill is a trusted Forex Broker (Stamp)

Advantages:

UK regulation and high customer safety

The cheapest forex broker of the world

No requotes and high liquidity

The best execution

Good service and support

The best conditions for forex traders

Very low trading fees

Disadvantages:

No stocks for trading

Tickmill is the best forex broker in the world because of the cheap trading fees and good execution. (5 / 5)

Read our other articles about tickmill:

Tickmill review

Our tickmill review found this forex broker has a choice of 2 accounts and 1 forex trading platform with metatrader 4. While they have over 60 currency pairs, the range of markets is limited with 2 metals, 4 bonds, 14 indices but no crypto or shares

��️ regulation	UK, europe, south africa, malaysia
�� trading fees	low spreads
�� trading platforms	MT4
�� minimum deposit	$100
�� deposit/withdrawal fee	$0
��️ instruments offered	forex, cfds, bonds
�� credit card deposit	yes

Tickmill account types

Tickmill offers you the choice of three account types for trading forex and cfds using a no dealing desk model with ECN style pricing. These include the pro account, the classic account, and the VIP account. Each of these account types will suit a different level of trading experience.

When trading with tickmill, all accounts include the following features:

Minimum lot size of 0.01 (micro-lots)

Available base currencies: USD, EUR, GBP

Hedging, scalping, arbitrage, expert advisors permitted

Swap-free islamic account options

Pro account

You can get started with a pro account with a minimum deposit of $100. The pro account offers low spreads from 0.0 pips EURUSD and charges commission fees of $2.00 per side ($4 round-turn) per lot. This account offers the best pricing for retail traders, as it has ECN pricing.

This account is the most popular among traders because of the low commission rate and tight spreads.

Classic account

The classic account is the same as the standard account that many brokers offer. This means you will not pay commission fees. To open a classic account, you will require a minimum deposit of $100. Spreads start from 1.6 pips. The classic account is more suitable for beginner traders with little experience.

VIP account

There is no minimum deposit required for the VIP account, however, you will require a minimum account balance of $50,000 to trade. This makes this trading account more suitable for experienced traders. Spreads start from 0.0 pips, and the commission fees are only $1.00 per side.

Islamic account

Tickmill also offers islamic accounts for traders of the muslim faith. You can select from a pro account, classic account, or VIP account and convert it to an islamic account. Trading conditions remain the same as with the other trading accounts, along with compliance with the sharia law.

Our rating

The overall rating is based on review by our experts

Spreads

Tickmill offers competitive spreads across a range of 62 currency pairs, stock indices, oil, metals, and bonds. The classic account offers slightly higher average spreads on the range of currency pairs. Typical spread data from the pro account and VIP account shows an offering of 0.10 pips on the EUR/USD pair.

Commission spreads

The following table compares the average spreads across a range of commission-based account types, including the pro account and VIP account from tickmill.

Data taken from broker website. Accurate as at 05/01/2021

Non-commission spreads

The following table displays average spreads from non-commission accounts with the classic account from tickmill and others.

Leverage

What is leverage?

Price movements in the forex market can be small. Leverage is a tool that allows you to access borrowed equity to trade with higher without investing an exorbitant amount of using your own funds. For example, trading with 1:100 leverage will allow you to trade up to $100,000 with only $1,000 in your account. Remember that this invokes a high risk as price movements can turn unfavourably in certain trading environments.

What determines leverage?

The maximum leverage that a CFD broker can offer depends on what the regulator of the country you are trading from will permit. Tickmill uses the following regulators: FCA, cysec for clients in the UK and europe, FSCA for clients in south africa, LFSA for malaysia clients and FSA for clients in other regions.

Retail investor accounts (for clients in the UK and europe):

Up to 1:30 on forex in the UK and europe

Up to 1:20 on stocks indices and oil

Up to 1:20 on metals

Up to 1:5 on bonds

FCA and cysec regulations are tighter than most regulators in other countries require. However, if you are in the UK or europe, you may be eligible for a professional account which will allow you to access leverage in line with tickmill clients in other regions.

Professional investor accounts (UK and europe clients) and retail investors accounts (outside the UK and europe):

Up to 1:500 on forex

Up to 1:100 on stocks indices and oil

Up to 1:500 on metals

Up to 1:100 on bonds

Trading platforms

Tickmill only allows you to trade using the most popular trading platform: metatrader 4. Despite the minimal selection of trading platforms, metatrader 4 is the most commonly used system and provides a range of features to help you trade the financial markets.

Metatrader 4

Metatrader 4 is the first and most popular trading platform developed by metaquotes software. Metatrader 4 is user-friendly, customisable, and designed to let you trade with ease on desktop or mobile trading (including ios and android). This platform is the favourite among many forex traders around the world because of its sophisticated level of trading analysis tools, customisable interface, charting functionality, and access to expert advisors through the accompanied metatrader marketplace.

Along with the advanced trading conditions from tickmill, you can enjoy many features from using the metatrader 4 trading platform:

Fast order execution on a range of cfds including forex, stock indices, commodities, and bonds

Expert advisor trading facilities and advanced trading signals (run on tickmill VPS) suitable for scalping

Provision of fundamental and technical analysis tools including over 50 indicators and customisable charting

Metatrader 4 webtrader

The metatrader 4 webtrader platform allows you to access the markets online directly through your web browser. The webtrader trading platform through tickmill makes trading more accessible as the metatrader system is available directly in your browser. Equipped with all the same functions as the original, the webtrader version has enhanced security with data encryption. However, the trade execution time is a little more lagged.

The metatrader 4 webtrader trading platform offers:

Access to one-click trading through all modern browsers

Real-time quotes on customisable price charts

Over 30 indicators to use across 9 different time frames

Trading history and encrypted data transmission

Other platform

Myfxbook copy trading

If you prefer to copy the trades of other successful traders, then myfxbook is available within your metatrader 4 trading account.

Myfxbook works by providing you with tools to find and follow other traders in their social network. You can then use filters which will allow you to replicate their trades within the conditions you set. Social trading is popular for those that don’t have the experience or time to invest in trading themselves, instead, you can leave the work to other traders.

Third-party tools

Tickmill clients can access third-party technical analysis tool autochartist. This is one of the most comprehensive forex trading tools that can add some value to your trading. Authochartist uses advanced technology to analyze past market trends and identify real-time trading opportunities across a wide selection of CFD instruments.

Some of the best tools included in the autochartist market analysis pack include:

Automated trade alerts

Volatility analysis for SL and TP optimization

Fibonacci patterns

Market reports delivered 3 times per day

Historical performance statistics

The key support and resistance levels

Customizable searches to only get the data you need

Autochartist is offered free of charge to all tickmill live account holders. This tool is offered as an MT4 plugin as well as a standalone web application.

Financial products

A range of trading instruments including forex, stocks indices and oil, precious metals, and bonds are available.

Tickmill does lack some diversity in the cfds on offer. For example, you cannot trade popular cfds such as cryptocurrencies, stocks, etfs or soft commodities (such as crops and livestock) through tickmill. This can limit your ability to spread your risk through investment diversity.

Forex

The forex market is the most popular financial market because of its volatile price movements and 24/5 availability for trading. When trading forex, you are simultaneously buying and selling currencies for profit. Tickmill offers you access to over 60 currency pairs, allowing you to trade popular currencies such as USD, EUR, and GBP. Spreads start from 0.0 pips, and the average trade execution speed is 0.20 seconds.

At tickmill, trading minor and exotic forex pairs is also available with no requotes and ultra-fast execution speed of 20ms.

Stock indices and oil

Stock indices allow you to track a group of stocks to buy and sell them as an aggregate, rather than picking single stocks. Where stocks show the performance of a company, stock indices are useful to determine the economic health of sectors, industries, or countries. Tickmill offers 14 stock indices with no commission fees.

Trading WTI oil serves a similar purpose. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.

Trading oil serves a similar purpose. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.

Precious metals

Gold and silver metal commodities against the USD are available through tickmill. These trading instruments are relatively uniform across the world and are typically safer assets during periods of market uncertainty. With the metatrader 4 trading platform, you can trade gold and silver from 0.0 pips spreads, no commissions, and an average trade execution speed of 0.20 seconds. Much like the forex market, you can trade precious metals 24/5.

The tickmill range of precious metals is small. Other popular metals such as copper, palladium, platinum are not available.

Bonds

Tickmill offers 4 types of government bonds (also known as treasury cfds) which are agreements between borrowers and lenders that you can trade over the counter. These bonds are futures (cash) contracts. Tickmill provides access to german bonds from 0.0 pips spread and no commissions.

Customer service

Hours of support

Tickmill provides extensive trading services and customer support with the head office in london, united kingdom. You can contact the CFD broker through the client support number or office number during 7:00 to 16:00 GMT monday to friday. Tickmill also provides a support email with a response time within 24 hours on business days. A livechat is also available through their website tickmill.Com, one can choose from 14 different languages.

Education and research

Tickmill provides a range of educational resources to help you improve your trading experience with tickmill. Some of these tools are available for download and some require registration. These tools can help you improve your trading strategies.

Ebooks – topics include introduction to fibonacci analysis, know your trading costs, risk management, trading forex

Videos – forex trading, market analysis, trading psychology, trading strategies, social trading, stocks, MT4

Webinars – hosted by forex experts, these webinars are in a range of languages including english, german, polish, portuguese, turkish

Seminars – these seem to have stopped at least for 2020 but are allow you to hear from forex experts online

Infographics – these are visual graphics that visualise data, charts and statistics on trading topics

Minimum deposit – funding

Tickmill has a zero fees policy for deposits and withdrawals. This means there are no costs from the brokers’ end for using when transferring funds. If your wire transfer and your deposit are greater than $5000, tickmill will refund any fees up to $100 with if you can provide a bank statement.

To open an account with tickmill, you will require a minimum deposit of $100. To access a VIP account, your balance will need to be $50,000 to open your position. Tickmill accepts 4 different deposit currencies EUR, GBP, USD and PLN. Deposits made in unsupported currencies will be converted incurring a conversion fee to the previously mentioned currencies.

Tickmill offers a range of deposit and withdrawal methods, and there is a minimum withdrawal requirement of $25. Fund transfer will be instant or up to 1 working day:

Bank transfer

Visa and mastercard

Skrill

Neteller

Dotpay

Paysafecard

Sofort

Rapid transfer

Paypal

Unionpay

Fasapay

Qiwi

Tickmill doesn’t have any official inactivity fees however tickmill may apply charges if they believe you are not actively using your account.

Regulation and risk management

Global regulation

Tickmill has regulation in several countries including:

Tickmill UK ltd: financial conduct authority (FCA) for the UK (register number 717270)

Tickmill ltd: seychelles financial services authority (FSA) for seychelles (licence number SD008)

Tickmill europe ltd: cyprus securities and exchange commission (cysec) for cyprus (licence number 278/15)

Tickmill asia ltd: labuan financial services authority (LFSA) for labuan (licence number MB/18/0028)

Tickmill south africa (pty) ltd: financial sector conduct authority (FSCA) for south africa (licence number FSP 49464)

Tickmill asia applies for clients in malaysia, all clients outside tickmill subsidiaries that have FCA, cysec, LFSA and FSCA regulation will have FSA regulation. While tickmill policies for FSA will be in line with other regulators, you need to remember that FSA is an offshore regulator. So if you have any complaints, you may not have the protection you need to settle disputes in case of scams.

If you are australian or from dubai, then you may note that tickmill does not have ASIC or DFSA regulation. We don’t advise using regulators outside your country. So tickmill may not be a suitable broker for your situation.

Risk management features

If an account falls below a zero balance, tickmill will cover the debt by providing negative balance protection. This means that tickmill will cover any losses below a zero balance on your account in the event of trading losses or excessive slippage. The forex broker also uses a risk department to monitor traders’ risk appetite and may notify the client of excessive risk-taking or even reduce the leverage.

Tickmill provides a degree of risk management to improving trading conditions. The range of educational resources and research-based features helps you to improve your trading ability on a demo account before testing your skills with a live account. These tools are a form of risk management as they ensure you understand the nature of trading before getting started.

Furthermore, tickmill allows the maximum leverage depending on the relevant regulatory entity. For retail clients trading forex, leverage is capped at 1:30 whereas professional clients can access leverage up to 1:500. Tickmill also provides a simple and transparent calculation of the required margin for clients to visualize the risk of trades.

Tickmill FAQ

Is tickmill an ECN broker or market marker

Tickmill is an ECN pricing. Tickmill doesn’t advertise themselves as an ECN broker or STP broker but they offer ECN pricing because they connect you with forex liquidity providers without a dealing desk. This is why spreads are low. As there is no dealing desk, tickmill is not a market maker.

If you are looking for other forex brokers with ECN pricing then see our best ECN brokers. All these brokers offer ECN trading execution using the MT4 trading platform.

What trading platforms does tickmill offer?

Tickmill only offers one trading platform. This is metatrader 4 (MT4). Metatrader 4 is the world most popular platform with brokers and traders so is a solid choice for a trading platform.

Some traders may wish to consider metatrader 5 over metatrader 4 as metatrader 5 allows you to deal with exchange-traded cfds and has superior trading features and speed.

Is tickmill good for beginners?

Tickmill can be a good option for beginners as they have a commission-free account (called the classic account), negative balance protection ensures you account balance never goes below zero, metatrader 4 trading platform and a demo account.

If you are looking for other suitable trading platforms for beginners, see out best trading platforms for beginners.

Is tickmill a good choice for australian traders?

You can certainly use tickmill if you are in australia, however, you will be using seychelles financial services authority (FSA) as your regulator. Compareforexbrokers never recommend using an offshore regulator. If you are trading in australia then we suggest our best brokers australia who all have regulation with the australia securities investments commissions (ASIC).

Overall

With a choice of a classic account which is commission-free and ECN pricing accounts all which allow hedging, scalping and eas, tickmill is a suitable forex broker for traders of all levels of experience. The $2 commission per lot to open your position is some of the best in the market. However, tickmill has a few weaknesses. The broker only offers the metatrader 4 trading platform, which many consider the gold standard for trading platforms however it would be nice to have another trading platform to choose from. Tickmill also limits the range of cfds you can choose from. Overall, tickmill is one of the better brokers, but pepperstone exceeds the broker in most areas.

Justin grossbard has been investing for the past 20 years and writing for the past 10. He co-founded compare forex brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of fintech and digital startups including innovate online and SMS comparison. Justin holds a masters degree and an honours in commerce from monash university. He and his wife paula live in melbourne, australia with his son and siberian cat. In his spare time, he watches australian rules football and invests on global markets.

5 key facts about tickmill

Minimum deposit
- $100

Forex platforms
- metatrader 4

Trading fees
- low commissions

Regulated by
- cysec
- FCA
- FSCA
- LFSA

Trading account
- classic
- pro

Tradable instruments
- forex
- cfds
- bond CFD

visit tickmill >>

The leading forex broker comparison site, compare forex brokers pty ltd is an authorised representative of guildfords funds management pty ltd australian financial services licence no. 471379 (A/R no. 001274082). Copyright 2021 and all rights reserved. Trading forex and cfds with leverage poses significant risk of loss to your capital.

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FOREX

Access the world’s largest market and trade more than 60 currency pairs.

What is forex?

Foreign exchange, or forex for short, is quite simply a market where you’re able to exchange one currency for another. When you ‘sell’ a currency, there is a buyer for that currency somewhere else. Now, the exchange rate between those two currencies is what’s important when trading forex. The exchange rate is constantly fluctuating, and it’s these fluctuations that allow market speculators to earn from trading.

With a daily trade volume of $6.5 trillion dollars, the forex market itself is huge! It eclipses the likes of the new york stock exchange (NYSE) which, by comparison, has a trading volume of only $22.4 billion per day.

The forex market’s sheer size attracts a wide range of different participants, including central banks, investment managers, hedge funds, corporations, brokers and retail traders – with 90% of those market participants being currency speculators!

Why TRADE FOREX
with tickmill?

Our aim is to help our traders succeed by providing an exceptional trading experience.

0.0 pips.

60+ currency pairs.

0.20s

trading strategies

1:500.

CURRENCIES

instrument	minimum spread	typical spread	long position	short position
AUDUSD	0	0.1	-2	-1.6
EURGBP	0	0.4	-3.87	-0.78
EURJPY	0	0.5	-4.3	-0.8
EURUSD	0	0.1	-5.2	0.2
GBPAUD	0	2.5	-3.6	-3.5
GBPJPY	0	1	-2.3	-3.4
GBPUSD	0	0.3	-3.4	-2.27
USDCAD	0	0.2	-2	-3.4
USDCHF	0	0.4	0.49	-4.4
USDJPY	0	0.1	-1.3	-3

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HOW-TO
trade forex

The value of each currency depends on the supply and demand for it, thus determining the ‘exchange rate’ between the two currencies, which is continually fluctuating. The exchange rate itself is basically the difference between the value of one currency against another.

It's this exchange rate that determines how much of one currency you get in exchange for another, e.G. How many pounds you get for your euros.

Now, when you’re trading forex, you’ll be trading currency pairs. So, two different currencies will be involved, and you’ll be speculating about their value in relation to each other.

Learn to trade forex

FOREX
trading hours

START TRADING with tickmill

It's simple and fast to join!

REGISTER

Complete registration, log in to your client area and upload the required documents.

CREATE AN ACCOUNT

Once your documents are approved, create a live trading account.

MAKE A DEPOSIT

Select a payment method, fund your trading account and start trading.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Clients must be at least 18 years old to use the services of tickmill.

Tickmill rebates – 5% commission discount for ECN PRO accounts

Tickmill rebates and commission discounts

We offer the following tickmill rebates and commission discounts:

1. Login to the tickmill client area
2. Open a new trading account
3. Select new introducing broker in the dropdown and enter IB80466563 into the IB code field.

Your spreads remain exactly the same – there is no spread mark up to provide you this service.

The tickmill account is useful if you are news trading, or scalping, as tickmill has one of the best spreads versus other forex brokers and good execution speeds

Frequently asked questions

Is this commission discount/rebate service 100% legitimate?
1. Yes, abundance trading group is an introducing broker (IB) of all brokers listed on our website, and our role is to introduce new clients to them. We do this by giving back to you part of our referral fee the directly to you in the form of a commission discount.

Is your service free?
1. Absolutely. You do not pay a single cent, and you are not at a disadvantage because we don’t mark up your spreads

Do you mark up my spreads?
1. No! We will never do that. Honesty and integrity is a big part of abundance trading group and we will not do anything to put our clients at a disadvantage. It would also be disadvantageous for us to do that because we would earn a bad reputation for ourselves and future clients would not come to us

How do I sign up for the rebates or commission discount?
1. Click on the link above to sign up
2. I am always available at linton@abundancetradinggroup.Com or live chat via instant facebook message to assist. You will be speaking with me, linton

If I sign up with you, will you have access to my trading account and trade information?
1. No. Absolutely not. Only you have access to such information. We only receive compensation for referring you.

Does it matter if my trades are profitable or not?
1. You will receive a commission discount/rebate no matter whether your trades are profitable or not. There is no disadvantage to you.

Questions about tickmill rebates?

To open a tickmill ECN pro account with the above commission discount, please click here .

Please select seychelles as your regulator

When asked to key in IB number, enter IB number: IB80466563

Existing account holders – login to the tickmill client area, open a new trading account, select new introducing broker in the dropdown and enter IB80466563 into the IB code field.

What to expect: once you click the link above, it will send you to tickmill’s webpage. Go ahead and open your account there. Select seychelles as your regulator. Fill out your personal details, and when asked to enter IB number, enter IB80466563 . Then submit your proof of identity (scanned passport page) and proof of address (scanned utility bill) and wait 12-48 hours for your account to be opened. Once your account is opened, the 5% commission discount will automatically be applied to your account

What to expect (if you have an existing account): login to the tickmill client area, open a new trading account, select new introducing broker in the dropdown and enter IB80466563 into the IB code field. The 5% discount is automatically applied to your account once your account is opened.

We are always available to assist with the account opening or account transfer through live chat via facebook message or email linton@abundancetradinggroup.Com. You will be speaking with linton

Don’t wait! The faster you sign up, the more you save!

Leave us a review in the comments section below if you have benefited from this rebate!

More information about tickmill

Tickmill spread comparison with other brokers

Stop level, leverage and min trade size

They have zero stop level and offer 500:1 leverage with min 0.01 lot trade size

Trade server location & execution speed from VPS

Tickmill’s MT4 servers are located at LD4/5 (london) and a co-location is possible from a london based VPS from CNS (commercial network services) or beeks . Both are located 2ms* away from tickmill’s trade servers.

*ping latency is 2ms to tickmill’s servers: latency chart

Roboforex vs tickmill

If you're choosing between roboforex and tickmill, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. We've also displayed one of our most popular brokers, avatrade, as another alternative to consider.

What would you like to compare?

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

The BROKERDNA ™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Roboforex is regulated by cysec. Roboforex have provided forex trading services since 2009.

Tickmill is regulated by FSA SD008. Tickmill have provided forex trading services since 2014.

Avatrade is regulated by the central bank of ireland, ASIC (australia), FSA (japan), FSB (south africa) and BVI. Avatrade have provided forex trading services since 2006.

TRADING SERVICES OFFERED

Losses can exceed deposits

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

English, chinese simplified, chinese traditional, indonesian, malaysian, portuguese, spanish, italian, polish, arabic, thai, russian, and ukrainian

English, spanish, russian, chinese, indonesian, and vietnamese

English, italian, german, french, greek, hebrew, spanish, arabic, malay, russian, chinese, portuguese and dutch

Losses can exceed deposits

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by roboforex and tickmill

Losses can exceed deposits

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

TRADING CONDITIONS

RISK MANAGEMENT

FUNDING METHODS

Losses can exceed deposits

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

DETAILED INFO

Losses can exceed deposits

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

Losses can exceed deposits

81% of retail investor accounts lose money when trading cfds with tickmill UK ltd

79% of retail investor accounts lose money when trading cfds with this provider.

All information collected from http://www.Roboforex.Com/. Last updated on 01/01/2021.

All information collected from http://www.Tickmill.Com/. Last updated on 01/01/2021.

All information collected from http://www.Avatrade.Com/. Last updated on 01/01/2021.

Roboforex is an online forex and binary options trading service provider who are regulated by cysec, ICF. To open an account with roboforex, minimum deposits start from $1.

With roboforex you can trade forex, metals, and CFD. If you like to trade on the go, roboforex have iphone, ipad and android apps so you can trade from anywhere on your phone.

Roboforex offer metatrader4, metatrader5, ctrader, webtrader, iphonetrader, android trader, ctrader web, currenex viking trader platforms to make your trades and support 14 different languages.

The spreads offered by roboforex for the most popular instruments are:
2 EUR/USD, 30 FTSE 100, 100 GOLD,
3 GBP/USD, 40 DOW/JONES, 14 crude oil,
see all the spreads here.

For more information about trading with roboforex, we have put together an indepth roboforex review with all the pros and cons about this broker.

Tickmill is an online forex trading service provider who are regulated by the financial services authority. To open an account with tickmill, minimum deposits start from $25 or equivalent.

With tickmill you can trade forex, stocks, indices, commodities, cfds and metals. If you like to trade on the go, tickmill have iphone, ipad and android apps so you can trade from anywhere on your phone.

Tickmill offer metatrader 4, metatrader 4 for PC & MAC, metatrader 4 for android & ios, virtual private server (VPS) platforms to make your trades and support 6 different languages.

The spreads offered by tickmill for the most popular instruments are:
1 EUR/USD, 3 FTSE 100, 13 GOLD,
1.5 GBP/USD, 4 DOW/JONES, 4 crude oil,
see all the spreads here.

For more information about trading with tickmill, we have put together an indepth tickmill review with all the pros and cons about this broker.

Since 2006, avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.
For more information about trading with avatrade, we have put together an indepth avatrade review with the pros and cons about this broker.

Popular comparisons feat. Roboforex

Popular comparisons feat. Tickmill

Popular comparisons feat. Avatrade

Tickmill review - is tickmill.Co.Uk scam or good forex broker?

With clients in over 200 countries and an average monthly trading volume of over 120 billion USD tickmill is one of the biggest players in the world of forex. And there is a good reason for this - tickmill is an electronic communication network (ECN) and no-dealing desk (NDD) broker offering premium services and exceptional trading conditions with a choice of several account types and leverage as high as 1:500 for its international clients and all who cover the standards for being professional traders. And all of that comes on the powerful metatradre4 platform.

Licensed in the UK by the financial conduct authority (FCA) and throughout the european union with its cyprus securities and exchange commission (cysec) license and its registrations with the federal financial supervisory authority (bafin) in germany, CONSOB in italy, ACPR in france, and CNMV in spain, tickmill abides by the highest regulatory standards.

Still, as many traders view those standards as overly restrictive, especially when it comes to leverage (in the EU and the UK the maximum leverage allowed for retail traders is 1:30), just like most other major brokers, tickmill operates a subsidiary registered in the seychelles as well, where the regulatory requirements are more relaxed and the broker can offer retail clients much higher leverage and various promotions like a rebate program, trading contests and bonuses.

The company. Security of funds

In the UK tickmill is represented by tickmill UK ltd, which as we noted is licensed and authorized by the local financial conduct authority with a FCA register number 717270.

FCA is one of the most reputable financial watchdogs in the world, overseeing over 59 000 financial service companies. And because the UK is still de facto part of the EU all FCA brokers have to abide by the european markets in financial instruments directive (mifid), which establishes the market rules throughout the union.

According to those rules all FCA brokers have to maintain operational capital of at least 730 000 EUR, readily available to cover all outstanding payments towards clients. Also, FCA brokers have to store all capital, deposited by clients in segregated from their own, protected from creditors trust accounts, to report all trading transactions, to allow regular external audits, to provide traders with a negative balance protection and to participate in the financial services compensation scheme, which in practice guarantees the first 85 000 GBP in your trading account, even if a broker happens to be insolvent.

After january 1st 2021, when the brexit transition period will be over and the UK will finally divorce EU, FCA confirmed that it will retain all EU regulatory requirements, which are currently in place, without relaxing any of them.

Throughout the european union tickmill is represented by tickmill europe ltd, which is duly licensed and authorized by the cyprus securities and exchange commission (cysec) as a cyprus investment firm (CIF) with a license number 278/15.

Along with FCA in the UK and the australian securities and investments commission (ASIC), cysec is one of the three most popular regulators in the forex industry. Its requirements also follow the mifid guidelines and the only difference compared to the FCA requirements, is the amount covered by the local compensation scheme. With cysec as a member of the cyprus investor compensation fund (ICF), tickmill europe guarantees all traders' funds for up to 20 000 EUR.

Tickmill europe is also registered with a number of other european regulators - the federal financial supervisory authority (bafin) in germany, commissione nazionale per le societa e la borsa (CONSOB) in italy, autorite de controle prudential (ACPR) in france, and comision nacional del mercado de valores (CNMV) in spain and abides by the european data protection laws and the general data protection regulation (GDPR).

One of the two international subsidiaries of tickmill - tickmill ltd is regulated as a securities dealer by the seychelles financial services authority (FSA).

As we noted the FSA regulatory requirements are not that strict as those in europe and the UK and that allows the seychelles brokers to be more flexible and to offer various benefits to traders, including higher leverage levels.

The seychelles subsidiary of tickmill for example offers everyone leverage as high as 1:500, while in europe and the UK the leverage for retail traders is caped at 1:30.

Similarly to FCA and cysec FSA has some fiscal requirements - brokers have to register a local company with a share capital of at least 50 000 USD, with at least 2 shareholders and 2 directors, where a single person can be both a shareholder and director.

Unlike cysec and FCA brokers however, seychelles brokers can use their capital for various purposes and not only to cover payments towards clients, which gives them more financial flexibility.

Also, FSA brokers do not have to separate their clients money from the their own funds in segregated account – something which brokers in europe and the UK are obliged to do.

For their clients in asia tickmill has registered tickmill asia ltd., which is licensed and authorized by the labuan financial services authority - the regulatory authority of the international business and financial district of labuan in malaysia.

Trading accounts

account type	minimum deposit	minimum trade size	maximum leverage	spreads
PRO account	$100	0.01 lot	1:500	from 0.1 pips + $4/lot
classic account	$100	0.01 lot	1:500	from 1,6 pips
VIP account	$50 000	0.01 lot	1:500	0 pips + $2/lot

With all of their subsidiaries tickmill offers three account types – pro classic and VIP with an option for an islamic or a swap free account as well. The corresponding accounts with all tickmill subsidiaries offer the same trading conditions with the exception of the leverage, which, as we already noted, is restricted on some markets like europe and the UK.

With all account types tickmill offers a selection of 62 currency pairs, many of which minor and exotic, as well as cfds on gold, silver, 14 major indices like S&P 500 stock index, nikkei 225 stock index and FTSE 100 stock index, brent, WTI crude oil and several types of german government bonds. The maximum leverage for all retail traders is capped at 1:30, but if you can prove that you are a professional trader this restriction will not apply. So if you are a professional trader with tickmill UK you will be offered leverage as high as 1:500, while with tickmill EU – leverage of up to 1:300. The execution is said to be within just 0,15 sec, which is also very attractive.

PRO account comes with spreads starting from 0,1 pip and a small trading commission of just 2 USD per standard lot per side, which when calculated in to the equation yields actual spreads starting from 0,5 pips, which sounds great. With a pro account you can trade with micro lots, the initial deposit requirement is just 100 USD and the account can be opened in USD, euro, british pounds and polish zloty.

The margin call and the stop out are set at 100% and 50% for all retail clients and 100% and 30% for all professional clients respectively.

The classic account comes with spreads starting from 1,6 pips and no trading commission. As with the PRO account you can also trade with micro lots, your minimum deposit requirement is 100 USD and the base account currencies could be USD, EUR, GBP and PLN.

The account is suitable for beginner and professional traders alike as it offers ultra-fast order execution and no dialing desk (NDD) trading environment.

The margin call and the stop out are the same as with the PRO account - 100% and 50% for retail clients and 100% and 30% for professional clients respectively.

The VIP account is created especially for high volume traders, who are looking for competitive trading conditions and other benefits.

The spreads with a VIP account start at virtually zero pips, and you have a symbolic trading commission of just 1 USD per standard lot per side, which when added to your trading costs gives actual spreads starting from just 0,2 pips. Besides, that commission is only applied if you trade forex pairs and precious metals like silver and gold. With cfds on stock indices, oil and bonds you will not pay any trading commission.

The VIP account is also available in USD, EUR, GBP and PLN, and the margin call and the stop - out are also set at 100% and 50% for retail clients and 100% and 30% for professional clients.

The islamic accounts are especially created to service the muslim trading community, as muslims are forbidden to give or receive interest. So with an islamic or a swap free account, as it is also called, you can keep your positions open over night without paying for that. The service is usually compensated with slightly higher spreads, but in the case of tickmill you have a small fee charged if you have a position open for more than three consecutive trading days.

Tickmill seychelles and tickmill asia

As we already noted the international subsidiaries of tickmill offer the same trading accounts as the european subsidiaries of the broker - pro classic and VIP, with one notable exception – all traders, retail and professional alike are allowed to use leverage as high as 1:500.

Also, with tickmill seychelles and tickmill asia you can open trading accounts only in USD, EUR and GBP and your margin call and stop out are 100% and 30% respectively. The execution model is also NDD though.

Maximum leverage

As we already mentioned, depending on whether you are trading with tickmill UK and tickmill EU, or you have chosen one of their international subsidiaries of the broker, the maximum leverage you will be offered will be different.

Tickmill UK and tickmill EU

In an effort to limit the loses many retail traders used to suffer, back in august 2018 the european securities and markets authority (ESMA) - the securities and markets regulator of the european union - restricted the maximum leverage brokers are allowed to offer retail traders.

Henceforth, retail traders in europe are authorized to trade main currency pairs with a leverage of no more than 1:30, and gold and certain other cfds like non- major currency pairs, and the main stock market indices at levels not exceeding 1:20. The leverage on commodities other than gold and non- major market indices is capped at 1:10, while for individual stocks the limit is set at 1: 5. For crypto cfds, the authorized leverage is only 1:2.

As we note however, if you cover the criteria for being a professional trader, you will be offered a much higher leverage – up to 1:500 for traders in the UK and 1:300 for traders in the 27 EU member states.

To qualify for a professional trader you should meet at least two of the following three criteria: 1) you should have executed transactions of a significant size with an average frequency of 10 trades per quarter over the previous four quarters; 2) the size of your portfolio, including cash deposits and financial instruments, should exceed 500 000 EUR; 3) you should have worked in the financial sector for at least one year on a position, requiring knowledge about leveraged products such as cfds.

Tickmill seychelles and tickmill asia

The leverage restrictions on the european market, which followed similar moves by the financial authorities in the U.S. And canada (the maximum leverage allowed in the U.S. Is 1:50, while in canada – 1:75) forced many major brokers to open international subsidiaries, where such restrictions do not apply. Thus, with their seychelles and asia subsidiaries tickmill are able to offer all clients leverage as high as 1:500.

Minimum initial deposit

The minimum deposit requirements for all tickmill accounts are the same, no matter with which of their subsidiaries you trade.

You can open a pro or a classic account with just 100 USD, while for a VIP account you should maintain a trading balance of no less than 50 000 USD.

Myfxbook copy trading with tickmill

With its international subsidiaries tickmill offers its clients the opportunity to join a well known copy trading platform – myfxbook. To join it you should have a demo or a live account, which should be linked to myfxbook autotrade on the myfxbook website. Than you simply go to the autotrade section, click 'manage' and choose the trading system you want to follow. Trades will be copied instantaneously and you can adjust your trading risk by changing the multiplier value, which will show you immediately the hypothetical return and risk you could be exposed to, based on the data gathered so far. A multiplier value of 1 means you are getting the same risk ratio as the trader you follow.

Similarly, if you are an experienced trader with a proven track record, you can offer your trading strategies and join myfxbook, where your trades can be copied by over 90 000 followers. Besides, you can earn as much as 0.5 pips per a winning trade.

The requirements to join myfxbook and to offer your trading system to other traders, are to have a live metatrader 4 account with at least three months history; your drawdown should not exceed 50%; your returns for the past three months should be at least 10% or higher than your drawdown; your average pip per trade for that past three months should be at least 3; your average trade time should be over 5 minutes; you should not be using any martingale or grid techniques; for the past three months of trading your account balance should be at least 1000 USD; and you should have executed at least 100 trades in three months.

Trading platforms

Tickmill supports the metatrader4 (MT4) platform, available for mac and windows PC, android & ios devices and as a web-based version.

MT4 is a powerful platform that has been holding the title of the most popular forex trading terminal ever since 2005 and continues to be preferred by most investors and brokerages. It has a user-friendly interface, and offers all a trader needs: advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of expert advisors (eas).

What is more, tickmill has partnered with myfxbook to offer its clients advanced automatic trading options via the autotrade platform.

VPS service is also available with tickmill, so that traders can install their favorite EA applications and have them running around the clock without requiring their PC to be on. VPS is porvided by one of the largest forex VPS providers – beeksfx.

Promotions

If you succeed to become the most successful trader of the month you will get a 1000 USD price. This promotion is also available only with the international subsidiaries of the broker. When deciding on the winner, tickmill takes into account not only your profits, but also your money and risk management skills.

Tickmill's NFP machine

If you follow the US labor market you can win up to 500 USD every week a non- farm payroll report is released. During every NFP week tickmill chooses one trading instrument and challenges all traders to guess its price on the metatradre4 platform at 16:00 – exactly 30 minutes after the NFP release.

A perfect match will be awarded with 500 USD, directly added to your trading account. If no one guesses the exact figure, the trader with the closest prediction will get 200 USD. You just have to place your prediction and provide your trading account number along with your full name from monday 0:00 till friday 15:00 on a NFP week. The promotion is available only with the international subsidiaries of the broker.

30 USD welcome account

New clients have the opportunity to start trading at tickmill with free trading funds, without having to make any deposit. The welcome account is very easy to open and the profits earned will be yours to keep. Take a note, however, that existing clients are not eligible to apply for a 30 USD welcome account. The 30 USD welcome account is also available only with the international subsidiaries of tickmill.

The rebate promotion allows you to earn cash rebates on your trades. The only requirement is to open a live account with 100 USD with one of the international subsidiaries of the broker and than you can earn cash rebates of between 0,25 USD and 0,75 USD per standard lot traded, depending on which tier you reach.

If you have traded between 1 and 1000 lots for the month your rebate will be 0,25 USD per lot. If you have traded between 1001 lots and 3000 lots, your rebate will be 0,50 USD per lot, while if you have traded 3001 lots and above the rebate will be 0,75 USD per lot. The accumulated funds will be added to your trading account every month.

Autochartist

Tickmill offers a free autochartist to all its clients, who have opened a live account. Autochartist is one of the most versatile technical analysis tools, which will help you make informed trading decisions and filter the market information you need. Along with the autochartist app, tickmill also offers its clients an economic calendar, forex calculator and as we already note – a virtual private server (VPS).

Education

Tickmill organizes regular trading seminars, the latest of which were held in ukraine, vietnam, qatar, columbia, malaysia and nigeria. And there are also regular webinars on various topics, including weekly live market and trade analysis.

Finally, from the tickmill website you can also download various e-books including knowing your trading costs and an in- depth look at risk management and trading the majors: insights and strategies. Video tutorials and infographics are also available for free.

Awards

Tickmill has scores of awards, the most recent of which for being the best commodities broker from rankia markets experience expo 2020, best trading experience from forex brokers award 2020, best forex execution broker from CFI.Co awards 2019, best trading platform provider from fxdailyinfo.Com broker awards 2019, best CFD broker asia, from international business magazine 2019, best forex CFD provider from online personal wealth awards 2019, most transparent broker from forex awards 2019, best forex execution broker from UK forex awards 2018, best forex CFD broker from jordan forex expo awards 2018, top CFD broker from fxdailyinfo.Com broker awards 2018, best forex trading conditions from UK forex awards 2017 and most trusted broker in europe from the global brands magazine 2017.

Payment methods

The payment methods with tickmill differ slightly depending on which of their subsidiaries you are trading with. What is common with all of tickmill's subsidiaries, however, is that no commissions are charged nether on deposits nor on withdraws with the single exception, when you make a wire transfer deposit of less than 5000 USD. Wire transfer deposits and withdraws starting from 5000 USD or equivalent, which are made in one transaction, are include in the tickmill zero fees policy.

With tickmill UK you can chose to pay with a wire transfer, VISA, mastercard, skrill, neteller, dotpay, paysafe card, SOFORT, rapid transfer and pay pal. Payments are accepted in USD , EUR , GBP and PLN.

With the cyprus subsidiary of the broker the payment methods are more limited – you can chose only among wire transfer, VISA, mastercard, skrill, neteller and dotpay. Payments are accepted in USD , EUR , GBP and PLN as well.

Tickmill tickmill seychelles and tickmill asia

With the international subsidiaries of the broker, along with the standard payment options like bank wire, VISA, mastercard, skrill and neteller, you can also choose to pay with stic pay, fasa pay, china union pay, nganluong.Vn, QIWI, and web money. Here payments are accepted in USD, EUR, GBP, indonesian rupiah , chinese yuan, vietnamese dong and russian ruble.

Conclusion

Tickmill is a reputable UK-based forex and CFD broker with strong regulation and attractive trading conditions. We especially like its ECN offerings. To sum things up:

Pros	cons
FCA regulation	no choice of trading platforms
ECN trading environment available with competitive pricing
attractive spreads on pro accounts
MT4 available

Latest news about tickmill

Tickmill jumps the bitcoin bandwagon oct 10 2017 10:25:33

Tickmill adds 4 german government bonds to trading portfolio jul 19 2017 08:42:05

$30 no deposit forex bonus by tickmill jun 08 2017 07:59:43

Tickmill expands to europe with a UK forex license nov 10 2016 13:37:21

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