TICKMILL REVIEW 2024: COMPREHENSIVE GUIDE FOR TRADERS

Tickmill Review

Tickmill is a globally recognized forex and CFD broker known for its competitive spreads, high-quality execution, and robust regulatory framework. Established in 2014, Tickmill has quickly gained popularity among traders for its transparency, low-cost trading, and superior customer service.

General Risk Warning

Trading forex and CFDs involves significant risk and may not be suitable for all investors. It is important to understand the risks involved, including the potential for loss of your entire investment. Ensure you fully understand the risks before trading and consider seeking independent financial advice if necessary.

Tickmill Full Review

Tickmill offers a wide range of trading instruments, including forex, indices, commodities, and bonds. The broker is known for its competitive pricing, fast execution speeds, and user-friendly trading platforms.

General Information & First Impressions

Tickmill operates under the umbrella of several regulated entities across different jurisdictions, enhancing its credibility and security. The broker’s website is well-designed, providing easy access to trading information and educational resources.

Tickmill Pros and Cons

Pros:

• Low minimum deposit of $100
• Tight spreads starting from 0.0 pips
• High leverage up to 1:500
• Regulated by top-tier financial authorities
• Excellent customer support

Cons:

• Limited range of cryptocurrency instruments
• No proprietary trading platform

Who Is Tickmill For?

Tickmill is suitable for both beginner and experienced traders. Beginners can start with a low minimum deposit, while experienced traders can benefit from the broker’s competitive spreads, high-leverage options, and advanced trading tools.

Account Types and Benefits

Tickmill offers three main types of accounts to cater to different trading needs:

Tickmill Trading Platforms

Tickmill provides access to the following trading platforms:

• MetaTrader 4 (MT4): Known for its reliability and user-friendly interface.
• MetaTrader 5 (MT5): Offers additional features and improved performance over MT4.
• WebTrader: A browser-based platform providing flexibility and convenience.

Tickmill Mobile Trading

Tickmill’s mobile trading app allows traders to manage their accounts, execute trades, and monitor the markets on the go. The app includes all essential features, ensuring a seamless trading experience.

Tickmill Trading Features

Tickmill offers several advanced trading features:

• Autochartist: An automated technical analysis tool.
• One-Click Trading: Allows for fast and efficient trade execution.
• VPS Hosting: Ensures uninterrupted trading for automated strategies.

Tickmill Research & Education

Tickmill provides a range of educational resources, including webinars, seminars, and market analysis. These resources are designed to help traders improve their skills and stay informed about market developments.

Tickmill Regulations & Licensing

Tickmill operates under the regulation of several top-tier financial authorities, ensuring a high level of security and transparency:

• Financial Conduct Authority (FCA) in the UK
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Sector Conduct Authority (FSCA) in South Africa
• Labuan Financial Services Authority (Labuan FSA) in Malaysia

Tickmill Pricing

Tickmill offers competitive pricing with spreads starting from 0.0 pips on Pro accounts. The broker charges a commission of $2 per side per lot on Pro accounts, while Classic accounts are commission-free with slightly higher spreads.

Tickmill Deposits & Withdrawals

Tickmill supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. Deposits are processed quickly, especially through electronic methods.

Customer Support

Tickmill provides customer support 24/5 via live chat, email, and phone. The support team is responsive and knowledgeable, assisting with technical issues, account management, and trading inquiries.

Tickmill Trading Experience

Tickmill offers a robust trading experience with its advanced platforms, competitive pricing, and innovative features. The broker’s tight spreads, fast execution speeds, and high-leverage options make it a preferred choice among traders.

Tickmill Spreads

Tickmill Swap Fees

Available Languages

Tickmill’s website and customer support are available in multiple languages, including English, Spanish, French, Chinese, and more, catering to a global clientele.

Charts Available

Tickmill provides various types of charts, including line charts, bar charts, and candlestick charts, all accessible through MetaTrader 4, MetaTrader 5, and WebTrader.

Order Types

Tickmill supports multiple order types:

• Market Order
• Stop Loss
• Trailing Stop
• Limit Order

Order Execution Model

Tickmill uses a No Dealing Desk (NDD) execution model, ensuring fast and reliable order execution with minimal intervention.

MetaTrader 4 and 5

Tickmill offers both MetaTrader 4 and MetaTrader 5, providing advanced trading tools, automated trading capabilities, and comprehensive charting options.

Islamic Account

Tickmill offers Islamic accounts that comply with Sharia law, ensuring no swap fees on overnight positions.

Maximum Leverage by Asset Class

What Can You Trade with Tickmill?

Tickmill offers a wide range of tradable instruments, including:

• Forex
• Commodities
• Indices
• Bonds

Tradable Instruments

Is Tickmill a Scam Broker?

Tickmill is a well-regulated and reputable broker with a solid track record. It operates under the regulations of FCA, CySEC, FSCA, and Labuan FSA, ensuring a high level of security and transparency. These regulatory bodies enforce strict standards for financial transparency, client fund segregation, and overall business conduct, making Tickmill a reliable and secure broker for global traders.

Broker Details

Tickmill, established in 2014, offers a comprehensive range of trading instruments, including forex, commodities, indices, and bonds. The broker is known for its competitive pricing, fast execution speeds, and user-friendly trading platforms.

Contact Info

For any inquiries or support, you can contact Tickmill via:

• Email: [email protected]
• Phone: +44 203 995 2388
• Live Chat: Available on their website

Tickmill vs. eToro

When comparing Tickmill to eToro, several key differences stand out:

• Platform: eToro offers a unique social trading platform that allows users to follow and copy the trades of experienced traders, making it a great choice for beginners looking to learn from seasoned professionals. Tickmill, on the other hand, provides MetaTrader 4, MetaTrader 5, and WebTrader platforms, which are known for their advanced trading tools, comprehensive charting options, and support for automated trading strategies.

• Minimum Deposit: Tickmill has a low minimum deposit starting from $100, making it accessible to new traders with limited capital. eToro requires a minimum deposit of $200, which might be higher for some beginners but still reasonable given the social trading features offered.

• Spreads and Fees: Tickmill offers competitive spreads starting from 0.0 pips on Pro accounts, with a commission of $2 per side per lot. eToro generally has higher spreads, which can be less cost-effective for active traders. However, eToro does not charge commissions on trades, which could be beneficial for certain trading strategies.

• Regulation and Security: Both brokers are well-regulated. Tickmill is regulated by FCA, CySEC, FSCA, and Labuan FSA, providing a high level of security and transparency. eToro is regulated by the FCA, CySEC, and ASIC, also ensuring a secure trading environment.

• Tradable Instruments: Both brokers offer a wide range of tradable instruments, including forex, commodities, indices, and cryptocurrencies. eToro stands out for its extensive cryptocurrency offerings and the ability to invest in real stocks, which can appeal to traders looking for a diversified portfolio.

Tickmill in 2024: What’s New?

In 2024, Tickmill continues to enhance its trading platform with new features and tools to improve the trading experience. The broker has introduced additional educational resources, including advanced webinars and interactive courses, to help traders improve their skills and knowledge. Tickmill has also expanded its range of tradable instruments, particularly in the cryptocurrency and stock markets, catering to the growing demand for diverse investment options. Additionally, Tickmill has optimized its mobile trading app, providing a more seamless and efficient trading experience for users on the go.