OVERVIEW OF TICKMILL
Tickmill is a popular broker platform for trading different financial assets. That’s why we have decided to review Tickmill’s products, services, pricing policies, resources, tools, leverage and many other aspects. It will help you decide whether it will be a good fit for you.
Tickmill is regulated by highly trustable financial jurisdiction of tier one and tier two, including the Financial Conduct Authority (FCA) and the European Union Organization, Markets in Financial Instruments Directive (MiFID). Tickmill registration status is from major countries like Cyprus, South Africa, Malaysia and Seychelles. The broker offers a number of financial assets, including stocks, indices, Forex, commodities and many others, to trade. Also, CFDs, Options, and futures trading are available on it.
- Minimum Deposit: 100$
- Trust Score: 85
- Tradeable Symbols: 700
It offers different account types to trade, including classic, pros and VIP. It supports meta trader 4 & 5 platforms suitable for both Android and IOS. Also, it supports all kinds of strategies, including scalping, hedging, copy trading, and automated trading, which makes it suitable for all sorts of traders.
The Tickmill login and account opening procedure is simple and user-friendly. It takes only a day to open an account with the broker. The verification and documentation process is hassle-free and transparent to provide clients with a safe trading experience.
TICKMILL REVIEW
Tickmill is among the best trading platforms, especially for professionals and advanced traders. You can get access to automated and customizable apps & tools to plan your trade. The platform has recently launched a signal centre to provide its clients with premium trade signals. These signals are generated after detailed research of market conditions by its in-house team.
The education resources of Tickmill are outstanding and knowledgeable. You can learn complex topics, including technical, sentimental and fundamental analysis. Apart from trading-related articles, you can access webinars, videos, seminars, tutorials and many other tools on the platform. Also, the content is available in Arabic, German, Italian and English. So, you can learn trading in the language you are comfortable with.
The Tickmill withdrawal and deposit procedure is smooth and timely. You can withdraw your funds whenever you want. It can be a great benefit as traders’ prime concern is having access to their funds. Its copy-trading software and services are also remarkable. With all the above advantages, there are some disadvantages also. The customer support is quick and responsive; you can reach its team through the website, chat or emails. However, they only entertain you during working hours. Plus, the fee structure of a standard account is quite expensive than other brokers.
OUR ASSESSMENT OF TICKMILL
As per our Tickmill review, the broker is good to start trading with. It has over two lakh clients worldwide and over 100 million trades executed on the platform. It has also won many awards, including Most Trusted Broker in Europe, Most Transparent Broker, Best Forex Execution Broker, and many others.
Tickmill’s minimum deposit is around 100 USD. However, traders with VIP account types have to maintain at least a balance of 50,000 USD. The traders with VIP accounts get many additional and premium services. The pricing structure of the platform is low, with tight Forex spreads. It does not charge any commission for CFD trading in the stock, energies and bond market. Also, it does not charge inactivity and withdrawal fees.
The platform offers descent leverage that varies for different regions. Generally, the leverage ratio for the EU region is 1: 30; for others, it is up to 1:500 or based on the country’s leverage rule.
One of the major concerns of traders is reliability, as many scammers are present in the market. However, Tickmil is a legit broker that complies with all regulatory rules and restrictions. It also takes stringent measures to provide customers with a safe system to put their hard-earned money.
Summary
Based on our Tickmilll review, we gave the broker a trust score of 85 out of 100 and a rating of four points on a scale of one to five. The Forex platform has an overall good clients review and previous performance track record.
As per our analysis, it can be the right choice for Forex and CFD traders. However, you should first go for the demo account and test its services. It will help you determine whether it will be an ideal broker.
Pros
- With low and competitive trading fees, Tickmill offers tight spreads for different account types and currency pairs. The spreads for classic accounts generally start from 1.6 pips, and for pro and VIP accounts, from 0 pips.
- Tickmill’s Autochartist and technical analysis tools are outstanding. You can access a range of charting and drawing tools on the platform. It helps you to interpret and analyze the market better and stay profitable.
- The platform uses API and VPS options to ensure better connectivity, excellent trading process and a friendly system for algorithms strategies. It makes the broker more suitable for advanced traders.
Cons
- Tick Mill offers only 700 tradeable instruments to trade in, which is very low compared to the other brokers. Also, it offers limited base currency options, including GBP, ZAR, USD, and EUR. It can be a big drawback for those who diversify their investment in different financial markets.
While many popular and leading brokers offers 24/7 customer support and live chatting options, Tickmill provides customer support only for five days, and that too during working hours from 7:00 to 16:00 GMT. So, you can get the responses to your queries only during working hours.