Tickmill Broker Review 2020

Are you looking to know everything about Tickmill Broker? You’ve just landed in the right place because we have a complete guide on Tickmill broker review 2020. Know their pros & cons below!

Tickmill - Reducing Trading Costs With Lowest Spreads

Tickmill broker is regulated by the top regulatory bodies such as “CySEC, FSS, and FCA.” This marketplace for the traders is heaven for those who are eyeing on “Safest Place” for the investors.

Service information

Demo Account Yes
Minimum Deposit $100
Max Leverage 1:500
Spreads from 0.0
Type of Broker ECN, STP
Tradable Assets Currencies, CFD, Stock Indices, Precious Metals and Bonds
Deposit Options Bank Wire, VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay

Company information

Established 2015
Regulated by FSA, FCA, CySEC, LFSA
Telephone +852 5808 2921
Customer Support 24/5 in 18 languages

 TickmillBroker-Featured-DailyForexTrading.Net

Tickmill Review 2020 - Know Their Commons

Tickmill Broker is one of the most prestigious and globally renowned CFDs and Forex Trading marketplace that was established in 2014- Considered as new.

But, the company is regulated by the top regulatory bodies such as “CySEC, FSS, and FCA.” This marketplace for the traders is heaven for those who are eyeing on “Safest Place” for the investors.

Disclaimer: Before you get started with the CFDs and Forex Trading, it is to tell you that “There’s a risk involved when you go for CFDs because 70% of the investors lose their money when investing in CFDs with Tickmill Broker Company. So, we would recommend you to consider this place before you have complete knowledge of “How CFDs Instrument works or whether you can afford the risk involved with this investment.”

If we go for the positive side of the Tickmill Broker, then it has almost zero trading and non-trading fee. Additionally, you’ll find out the “lowest” Forex commission along with “No Deposit and Withdrawal Fee.”

The account opening is super easy, 
also depositing and
 withdrawing the money takes no time

Let’s figure out everything down below.

Regulations of Tickmill Broker

When it comes to regulations, you can trust this platform because the security of the “Tickmill Broker” is handled by the (FSA), which means there’s no risk of scams and frauds.

Additionally, they are regulated by the FCA and CySEC to make sure, “Your investment is in the safe hands.”

If your only concern is “Regulations,” then you won’t find a better place than Tickmill Broker anywhere in the world.

Let’s now talk about the account types of “Tickmill Broker.”

Accounts of Tickmill Broker

There are three types of accounts that Tickmill is offering to their investors:

  • Classic Account
  • Pro Account
  • VIP Account

Let’s talk about every account individually:

Classic Account

Minimum Deposit

$100

Minimum Balance

-

Base Currencies

USD, EUR, and GBP

Spread

0.0 Pips

Leverage

1:500

Commission

$2 per $100,000 traded

All Strategies

Allowed

Islamic Account Opening

Yes

 Pro Account

Minimum Deposit

$100

Minimum Balance

-

Base Currencies

USD, EUR, and GBP

Spread

1.6 Pips

Leverage

1:500

Commission

Zero Commission

All Strategies

Allowed

Islamic Account Opening

Yes

 VIP Account

Minimum Deposit

-

Minimum Balance

$50,000

Base Currencies

USD, EUR, and GBP

Spread

0.0 Pips

Leverage

1:500

Commission

$1 per $100,000 traded

All Strategies

Allowed

Islamic Account Opening

Yes

 If you want to learn more about the account types of you’ve any questions in your mind? Click here to read everything.

Pros and Cons


Pros


Cons

Fast

None

Fully Digital

 

The deposit fee is fine

 

 Let’s now talk about the trading platforms they have to offer.

Trading Platform of Tickmill Broker

There are two types of trading platforms that Tickmill Broker is offering to you:

  • MetaTrader4
  • Web Trading

With the help of MetaTrader4, you can now trade on your phone, windows, or IOS device without any obstacle coming your way.

But, if you want to trade directly through your browser, then Tickmill has Web Trading for you. It’s fast, perfect, and full of trading tools.

Pros & Cons


Pros


Cons

Free Reports

The design is poor

Great Customization of tools

 

Order Confirmation

 

Let’s now move towards the critical information linked with the “Tickmill Broker.”

Here we go again!

The Spread of Tickmill Broker

TickmillBroker-Spread-DailyForexTrading.Net
The spreads and swaps of the Broker have a lot to do with the trading, and that’s why they have different spreads for every account type.

There are four types of services that Tickmill Broker is offering:

  • Forex
  • Stock Indices
  • Metals
  • Bond

But, as discussed above, there are three types of accounts that Tickmill Broker is offering to you, and they all have different spreads. Scroll down to check everything:

  • Classic Account (Spread Start From 0.0 Pips)
  • Pro Account (Spread Start From 1.6 Pips)
  • VIP Account (Spread Start From 0.0 Pips)

So, these are the details of the spread provided by the Tickmill, and you can go for any of the accounts you think you love.

Let’s now move towards Execution time.

Execution Time of Tickmill Broker

There are two types of executions that Tickmill Broker is dealing with:

  • NDD Execution (No Dealing Desk)
  • Market Execution 

There’s no room for the Instant Execution here, and you’ve to go for the above-given executions.

Commission and Fee of Tickmill Broker

As we have discussed, the Commission and Fee already for all the account types in the account section, but let’s break them down one more time and let you know the difference.

There are three types of accounts that Tickmill Broker have:

  • Classic Account ($2 per $100,000 traded)
  • Pro Account (No Commission)
  • VIP Account ($1 per $100,000 traded)

So, these are the commission and fee for the Tickmill Broker, and you’ve to look for them before you actually invest in this market place.

Pros & Cons


Pros


Cons

The Forex fee is low

None

They don’t charge you for the withdraw

 

No Inactivity Fee

 

Leverage of TickMiil Broker Accounts

There are three types of accounts that Tickmill Broker has to offer:

  • Classic Account
  • Pro Account
  • VIP Account

They all have different leverage/margins, and it’s important that you know about them before you open an account and tell the world that “You’ve started investing in Forex Trading.”

As you start your Forex journey, the most important thing that you need to focus on is “Leverage & Margins,” and to know the Leverage/Margin of all the account types, you need to scroll down a little bit.

  • Classic Account (Leverage 1:500)
  • Pro Account (Leverage 1:500)
  • VIP Account (Leverage 1:500)

Let’s now move towards the Customer Care Service, and that’s important too because sometimes you are stuck with problems you don’t know the answer to.

Here we go again!

Customer Care Service

TickmillBroker-CustomerSupport-DailyForexTrading.Net
The Customer Care service of Tickmill Broker is great, and they are improving it day by day. You can contact them via:

  • Email
  • Live Chat
  • Phone Call

Also, they have a FAQ section on their website in which they have already answered hundreds of questions in order to solve your problems.

Pros & Cons


Pros


Cons

Live Chat

No 24/7 Services

Great Support

 

Available in Local Languages

 

As we are done discussing with the critical information and a complete overview of the Tickmill Broker, it’s now time to discuss “How to open an account on Tickmill and How to withdraw profited money.”

So, without wasting any time further, we must get started!

How to open an account on Tickmill Broker

If you want to open an account on Tickmill broker, then you need to follow the instruction that we are breaking down below:

  • The first step is to head towards the official website of the Broker and then click on the Account Overview button to continue:

    TickmillBroker-OpeningAccount1-DailyForexTrading.Net
  • Now select the account you want to open, and you’ll be redirected to the page asking you to enter the information. Have a look at the screenshot below:

    TickmillBroker-OpeningAccount2-DailyForexTrading.Net

  • Enter the correct information, and don’t forget to read the Privacy Policy provided by the Tickmill Broker before you head towards “Confirmation Button.”
  • Once done, you’re all set to open the account, and you’ll be notified within a couple of minutes

Note* The account opening takes no more than 3 minutes, and if they ask you for additional information, you’ve to submit it because it’s necessary.

Pros & Cons


Pros


Cons

Account opening within 3 days

None

No Complications Involved

 

Easy Steps

 

How to withdraw Money from Tickmill Broker

If you want to withdraw money from Tickmill Broker, then follow the instructions that are written below:

  • The first step is to log in to your account
  • They will now ask you to choose the “Account” from which you’d like to withdraw the money- only if you’ve more than one account
  • Now, it’s time to select the “Payment Gateway” that you want to use for the withdrawal of money. Once selected, then they will ask you to enter more information (Depending upon the payment gateway you’ve selected)
  • Click on the Submit button Now, and you’re done

Note* We have collected the information from the official website of the Tickmill, and you can read everything here.

Pros & Cons


Pros


Cons

Free Withdrawals

Limited Base Currencies

No Deposit Fee

 

3 Types of Base Currencies

 

Now, it’s time to compare the Tickmill Broker with Exness.com, and to check out everything; you’ve to further scroll down.

Comparison - Tickmill vs. Exness

We will be breaking down everything in a table so that it becomes easy for you to understand everything quickly.

Let’s rock and roll!


Tickmill.com


Exness.com 

Overall Rating: 8/10

Overall Rating: 9/10

Spot Forex: Yes

Spot Forex: Yes

Forex Currency Pair: 80

Forex Currency Pair: 103

Commodities Offered: N/A

Commodities Offered: 0

MT4: Yes

MT4: Yes

MT5: No

MT5: Yes

Web Trading: Yes

Web Trading: Yes

This is a brief comparison of Tickmill Broker and Exness.com, and if you want to know about the complete review of Exness.com, then head towards our blog posts right now.

Let’s discuss the Trading Platform Now.

Trading Platform: Is it the best?

As you know, “They are offering MT4 and Web Trading” for their Forex Trading, and let’s see what are the highlights of this trading platform (As per their official Website).

  • They have an advanced notification system
  • The technical analysis system is second to none- and more than 50 tools can be customized in 39 available languages
  • With the usage of the VPS services, you can actually head towards EA Trading as well
  • You can use the MT4 on any of your devices without any problem

You guys must be wondering about what is the difference between MT4 and MT5, right? Have a look at the comparison table below.


MetaTrader 5


MetaTrader 4

Pending Order Types: 6

Pending Order Types: 4

Depth of Market: Yes

Depth of Market: No

Technical Indicators: 38

Technical Indicators: 30

Graphic Objects: 44

Graphic Objects: 31

Time Frames: 21

Time Frames: 9

Economic Calendar: Yes

Economic Calendar: No

Hedging: Yes 

Hedging: Yes

 Now, everything must be easy for you, and it will surely help you choose the right platform.

Note* They don’t offer MT5.

It’s time to discuss the “Advantages and Disadvantages of Tickmill broker” and see what we have got for you.

Advantages and Disadvantages of Tickmill Broker

You might have known the advantages of the broker we are discussing, but there are a few disadvantages that you must go through as well.

We will take a start from the “Advantages first” and then lead the pack towards “Disadvantages.”

Advantages:

  • They are regulated by the top 3 regulators known as “FCA, FSA, and CySEC.”
  • They have a trading condition like “No Spread and No re-quotes.”
  • They don’t charge you any withdrawal and deposit fee
  • They offer different promotions, bonuses, and contests
  • It is a great platform for the beginners, and the initial deposit is as low as $100
  • The education is completely free

Disadvantages

  • They are relatively new
  • They have only two platforms- MT4 and Web Trader

Before we wrap up things, it’s time to talk about “Bonuses, Promotions and Contests” of the Tickmill broker.

Bonuses, Promotions, and Contests

When it comes to bonuses, Tickmill broker is offering you a $30 bonus in your account so that you start your trading right after you open your account.

You don’t have to deposit anything to get the bonus, and you can’t withdraw this bonus without any deposit or profit being made.

You can read more about the bonuses here.

Currently, there’s a promotion going on known as “Rebate Promotion.” You can earn up to hundreds of dollars by the loyalty program and your dedication towards the Tickmill Broker brand.

If you want to participate in the Promotion, you can Click Here and check out everything, including “Rules and Regulations.”

So that’s all from the topic “Tickmill Broker,” and if you have any questions in mind, feel free to comment down below. 

frequently ask questions

Tickmill’s policy is to process withdrawals via the same method that you used to deposit. For example, if you deposited using a credit card, the card will be credited with the amount equal to the deposit amount. Upon request, we can send any profits via other payment methods under your name.

Tcikmill process all withdrawal requests within one working day. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.

Yes, you can. However, at the moment of withdrawal processing, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position).

If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.

Tickmill provides you with low spreads starting from 0.0 pips and ultra-fast execution speed of 0.15 second on average. Skrill, Neteller, FasaPay, UnionPay and credit card deposits are processed instantly while withdrawals are processed within one working day. Tickmill are proud that Tickmill has no restrictions on trading and no requotes. They also allow scalping, hedging, arbitrage, EAs and algorithms.

Tickmill does offer Cash CFDs that allow you to trade with a continuous price that isn’t subject to an expiration date. The Cash CFD price is derived from the underlying futures contracts.

Tickmill offer FIX API connection to our large private clients and institutional clients. The minimum account balance required is 500,000 £$€ and the required minimum monthly commission fee generated should be 5,000 £$€. Tickmill does not offer a demo version. If a client generates 5,000 £$€ or more in monthly commissions, then they do not charge any fees for using this service. However, if the monthly commissions are less than 5,000 £$€, then a fee applies (5,000 £$€ – amount of commission generated).

Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). As such, our internal systems are in compliance with the FSA regulations, which means that your funds are held in segregated accounts to protect your assets.

Tickmill is a trading name of Tickmill Ltd, which is regulated by the Seychelles Financial Services Authority (FSA).

Tickmill is also a trading name of Tickmill UK Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom and of Tickmill Europe Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

HOW CAN WE HELP YOU?

contact@dailyforextrading.net