Tickmill forex broker offers a wide range of trading instruments, including forex, commodities, indices, and shares. The company starts from 2014, and its headquarter is in the Seychelles. However, it has offices in various parts of the world, including the UK, Cyprus, and Malaysia.
Overview of Tickmill Forex Broker
Company Background
Tickmill was founded in the UK and has since expanded its operations to other regions, including Europe, Africa, and Asia.
The company boasts a team of experienced professionals who are deliver excellent trading experiences to clients.
Licenses and Regulations
Tickmill is licensed and regulated by several reputable regulatory bodies, including
- the FCA in the UK
- the CySEC in Cyprus
- the FSCA in South Africa
This means that the company is held to high standards of transparency, fairness, and security, ensuring that clients’ funds and personal information are protected.
Awards and Recognitions
Tickmill has received numerous awards and recognitions for its commitment to excellence in forex trading.
Some of these include being named the “Best Forex Trading Conditions” by World Finance Magazine and receiving the “Best Forex Broker in Europe” award from the Global Banking & Finance Review.
Advantages and Disadvantages
Account types and features
The Classic Account is for new traders or those who prefer traditional trading conditions. It offers competitive spreads starting from 1.6 pips, no commission fees, and a minimum deposit requirement of $100.
The Pro Account is for experienced traders who require deep liquidity and fast execution speeds. It offers tight spreads starting from 0.0 pips. Commission fee is of $2 per lot traded, and a minimum deposit requirement of $100.
The VIP Account is for high-volume traders who require premium features and services. It offers tight spreads starting from 0.0 pips. Commission fee is of $1 per lot traded, and a minimum deposit requirement of $50,000.
The Islamic Account is for clients who follow Sharia law, which prohibits earning or paying interest. It offers no swaps or rollover fees, and it’s available for all account types.
The Demo Account is for beginners who want to practice trading without risking real money. It offers virtual funds, real market conditions, and access to all trading instruments.
Deposits and withdrawals
Tickmill offers a range of deposit methods, including bank wire transfer, credit/debit card, and e-wallets such as Skrill, Neteller, and FasaPay.
Tickmill doesn’t charge any deposit fees, but clients should check with their payment provider for any potential transaction fees.
Deposits are instant, except for bank wire transfers, which may take 2-5 business days to process.
Tickmill processes withdrawals back to the same method used for deposits, ensuring a hassle-free process.
Withdrawals are processed within 24 hours on business days, but it may take 2-5 business days for the funds to reach the client’s account, depending on the payment provider.
Trading platforms
MT4 is a popular trading platform that offers a range of features and tools. Including advanced charting, technical analysis, and automated trading through expert advisors (EAs).
MT5 is the successor to MT4 and offers advanced features, including more timeframes, order types, and hedging capabilities. It also has a built-in economic calendar and improved backtesting functionality.
WebTrader is a web-based platform that traders can access through any browser without requiring any downloads. It offers a range of features, including real-time quotes, advanced charting, and one-click trading.
Tickmill Trader is a proprietary trading platform. That offers a simple and intuitive interface, advanced charting, and a range of order types. It’s available for desktop, web, and mobile devices.
Tickmill offers mobile trading apps for both MT4 and MT5 platforms. Allowing clients to access their accounts, manage trades, and receive alerts on the go.
Trading conditions
Tickmill offers competitive spreads starting from 0.0 pips for Pro and VIP account holders. And 1.6 pips for Classic account holders.
The broker offers flexible leverage options ranging from 1:500 for forex trading and 1:20 for stock trading. Allowing clients to maximize their trading opportunities.
Tickmill guarantees no requotes, ensuring that clients can execute trades quickly and efficiently.
The broker allows hedging and scalping strategies, giving clients more flexibility in their trading approaches.
Tickmill offers negative balance protection, ensuring that clients can’t lose more than their account balance.
Execution speeds are really fast, with 99.86% of orders executed within 0.15 seconds.
Tickmill offers a wide range of trading instruments. Including forex, indices, commodities, and stocks, ensuring that clients can access diverse markets.
Conclusion
In conclusion, Tickmill is a reliable forex broker that offers a wide range of trading instruments, competitive pricing, and reliable customer support. The broker is regulated by various regulatory bodies, making it a safe and secure choice for traders. With its wide range of trading platforms, trading tools, and educational resources, Tickmill is a suitable choice for traders of all levels of experience. So, if you’re looking for a broker that can help you achieve your trading goals, then Tickmill might be the right choice for you.
