Ticmill
Tickmill threatens with legal action against me because I expose truth on social media how they refuse to pay me my funds, $35 966!
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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.
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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.
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
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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.
Tickmill – $30 welcome bonus
Tickmill
Promotion name: welcome bonus
Note: this promotion is available to clients of tickmill ltd (FSA SC regulated) only.
How to get:
1. Start registering your client area at tickmill.
2. Tick the “yes” box to the welcome account question.
3. Click the validation link you’ll receive via email.
4. Enjoy trading on your welcome account.
Withdrawal requirements:
you can withdraw 30-100 USD of profits after you pass verification process and make at least $100 deposit.
More information:
welcome bonus is not available in algeria, armenia, australia, azerbaijan, belarus, bulgaria, columbia, georgia, hong kong, iceland, israel, kazakhstan, liechtenstein, macau, moldova, morocco, norway, state of palestine, switzerland, taiwan, tunisia, yemen, north korea, iran, USA, indonesia, venezuela, vietnam, lesotho, pakistan, bangladesh, ghana, egypt, russia, ukraine, uzbekistan, kyrgyzstan, tajikistan, turkmenistan, kenya and european union countries. This no-deposit promotion is available to new clients. Hedging trading is prohibited.
Information about the broker:
tickmill is a forex broker operated by tickmill ltd. Located in seychelles and regulated by the financial services authority of seychelles. Tickmill is also a trading name of tmill UK limited a company regulated by the financial conduct authority (FCA). Broker offers classic, ECN pro and VIP accounts. The minimum starting deposit is $€£100, spreads start from 0.0 pips, maximum leverage is 1:500. Broker review.
Tickmill review 2020
Tickmill is a NDD (no dealing desk) forex and CFD broker. They are regulated with top-tier regulators i.E. FCA (UK) & cysec. They offer demo account and live account with minimum deposit of $100. Read our tickmill review to find if they are good for south african traders.
Tickmill is a UK based forex & CFD broker established in 2014. Tickmill ltd. Is regulated with FSA in seychelles, as tckmill UK ltd. With FCA in UK, and with cysec in cyprus.
Tickmill is a no dealing desk (NDD) broker, which means that all orders will be passed to their third party liquidity providers. This means that tickmill have no conflict of interest with their traders.
They offer metatrader 4 as trading platform to their clients, but they don’t offer the latest MT5 platform. Moreover tickmill offers 24/5 support via email, chat, international phone support.
Read our indepth review on tickmill to know more about them before choosing them. We have compared their fees, support, platforms & more.
- South african clients can open trading account with tickmill with minimum deposit of $100.
- Tickmill is a NDD broker so there is no conflict of interest with their clients.
- Competitive spread of 1.6 pips on average for EUR/USD with their classic account. The spread is even lower with their pro account (but includes commissions per lot).
- No deposit and withdrawal charges.
- Large trading instruments including currencies & cfds.
- Tickmill is not regulated with FSCA. But they have applied with FSCA (FSP no. 49464) since 20/04/2018 & their application status is currently “processing”.
- No local phone number for support.
- Tickmill does not offer the latest metatrader5 version.
Tickmill – a quick look
| broker name | tickmill ltd |
| year founded | 2014 |
| website | www.Tickmill.Com |
| registered address | 3, F28-F29 eden plaza, eden island, mahe, seychelles |
| tickmill minimum deposit | $100 |
| maximum leverage | 1:500 |
| major regulations | bafin, cysec, FCA. |
| Trading instruments | currencies, cfds on commodities, stock indices, bonds |
| trading platforms | MT4 (metatrader4), webtrader |
Regulation and safety of funds
We consider tickmill to be a safe forex broker for south africans based on their regulation with tier 1 regulator FCA. But they are not yet regulated with local regulator FSCA.
Financial conduct authority (FCA): tickmill is registered as ‘tickmill UK LTD’ with financial conduct authority since 29/07/2016 under reference number 717270.
Cyprus securities exchange (cysec): tickmill europe ltd is registered with cyprus securities exchange under licence number 278/15 since 2015.
Financial service provider/FSCA (pending): tickmill is not regulated with FSCA currently. But we have checked & they have an application under processing status. Tickmill south africa (PTY) LTD had applied for FSCA regulation on 20-april-2018 (FSP no. 49464).
Note: south african traders that sign up on tickmill are registered under FSA seychelles regulator.
Tickmill fees and spread
Tickmill’s fees depends on your account type with them. We have researched & following is a breakdown of their trading & non-trading fees with all their account types.
Average spread: tickmill offers floating spread with all their 3 trading accounts (classic, pro & VIP). Their spread starts from 0.0 pip on pro and VIP accounts, and from 1.6 pips on average for EUR/USD with classic account. The classic account does not have any other fees besides their spread, but the pro & VIP accounts have commissions per trade.
Tickmill account types
Tickmill demo account
Demo account is also provided by the tickmill to help beginner to practice and learn forex trading.
You can signup with them on their website and start testing your trading strategies using the demo account. Once experienced, you can swap anytime to live account.
In demo account MT4 trading platform is offered by them. You can download it on your PC and laptop and start your trading in just one click.
Tickmill live accounts
- Market execution: tickmill is the NDD (no dealing desk) forex broker so they offer direct market execution. Tickmill claims that it doesn’t have any requotes.
- Account base currency: tickmill does not offer ZAR accounts. But you can choose USD, EUR or GBP as your base currency.
- Classic account: classic account start with minimum deposit of $100 and with the maximum leverage of 1:500. Spread start from 1.6 pips in this account. There is no commission in this account and swap-free islamic account option is also available.
- Pro account: spread in pro account start from 0.0 pips. The base currency of this account can be select from USD, EUR, GBP, PLN. Market execution offered in this account and average execution speed is 0.15 seconds. This account is the most popular and recommended account types as per the broker.
- VIP account: this VIP account start with minimum balance of 50,000 units of your selected account currency i.E. $50,000 if your account currency is USD. You can choose and select any of the base currency from USD, EUR, GBP, PLN in this account. You can trade 62 currency pairs, cfds on 15 stock indices, precious metals, bonds in vip account with spread of 0.0 pips.
How to open account with tickmill
Step 1) click on create account: open the home page of the tickmill and click on create account link at the top of the page.
Step 2) client area registration 1/2: now you will be redirected to page where you need to enter your personal details and choose your regulator as shown in the below screenshot.
Step 3) client area registration 2/2: after filling your personal details, you need to fill your financial details and set a password for your account with them.
Step 4) validate your e-mail address: now you need to verify your email by clicking on the link sent to them on your mentioned email.
Step 5) complete account verification: at last you need to verify your account by submitting your ID proofs. You can upload the scanned copy of your ID proof like passport, driving licence etc. And address proof like post paid phone bill, electricity bill etc.
That all! Your account has been created now. You can check your email to check all the details to start trading with them.
Tickmill trading platforms
- Metatrader 4 (MT4): you can download the MT4 trading platform and install it on your PC, android and ios mobile. You can start using their demo account with MT4 trading platform. Traders can see charts with multiple time frame in there MT4. Moreover various indicators and can monitor various trading process is available in MT4.
- Web trader: if you don’t want to download it in your device then you can access it online using the login details provided to you by them. This platform will give access you to do your task using a browser and just a internet connection.
Tickmill deposit & withdrawals methods
Tickmill offers various deposit & withdrawal methods. Let’s first look into their deposit methods.
Deposit methods
- Credit/debit cards: you can use your debit and credit cards offered by VISA and master card. The payment will be processed within working day made using this method.
- Bank transfer: traders can also add the funds using the transfer from their bank account to tickmill bank account. You can contact them and informed them after payment has been made.
- E-wallets: you can also transfer the funds using the E-wallets like skrill, neteller, paysafecard, fasapay, china unionpay. The processing time is 1 working day.
Withdrawal methods
- Credit/debit cards: you can send your card details while requesting for the withdrawal. And this can take 1 working day.
- Bank transfer: traders can also send their bank account details to them by contacting them on chat, email, etc.
- E-wallets: you can also send your E-wallets details like skrill, neteller, paysafecard, fasapay, china unionpay. The processing time is 1 working day.
Tickmill bonus
Tickmill has a no deposit bonus offer for new traders, and it is available in south africa as well.
$30 welcome account: tickmill is currently offering $30 welcome bonus to its new clients.
To avail this bonus, you just need to create an account with them, and submit your KYC documents for verification. The bonus amount will automatically credited to your account once your account has been verified.
You can use this welcome bonus for your trading. And the profit earned from trading using this deposit can be withdrawn.
Tickmill customer support
We found tickmill’s support to be lacking in some parts. We tested their chat support & email support. For both chat & email, we asked them basic questions, below is a review our overall experience with their support.
Slow chat support: we tested tickmill’s chat support by contacting them 3 times with different queries, and there was few minutes of hold time before connecting with a real agent. Once you are connected, their chat representatives are quick in answering questions. They are available from monday to friday within 09:00-22:00 (GMT+2h).
Do we recommend tickmill?
Tickmill is not a bad broker.
On the good side, they are a 100% NDD broker that is regulated with FCA. Their overall trading fees is competitive with some accounts. Also, they do not charge any deposit and withdraw fee, which is good.
But they don’t only offer MT4 platform for now. Also, their instruments other than forex are very limited. Their support also is not the best out there.
Overall, there are better forex brokers for south african traders to choose from.
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Tickmill
- Educational section is a little limited.
- No cfds on individual stocks.
- $50,000 deposit required to access really low commission.
Min deposit
Max leverage
Mini account
Bonus
Platforms
Withdrawal options
Review
Comparison
Review
Introduction
Tickmill is a relatively new broker which was founded in 2015. There are two entities with a UK company complying with new CFD and forex regulations and the seychelles registered company offering greater levels of leverage.
Tickmill is regulated by the FCA in the UK and the FSA in the seychelles. They are also authorised by cysec in cyprus.
Tickmill is managing to establish a name for themselves and were awarded the best forex execution broker at the UK forex awards in 2018.
The easy to navigate website is available in 15 languages.
Trading conditions
Tickmill charges floating spreads for all accounts, though the spreads for pro and VIP are zero on some instruments. Stop loss and take profit orders can be entered with no limitations. Trailing stops are only active while MT4 is open.
Leverage for accounts held with tickmill UK complies with ESMA regulations. Maximum leverage for major FX pairs is 1:30, for other currencies, major indices and gold it is 1:20, for silver, oil and other indices 1:10 and for bonds it is 1:5. UK accounts are stopped out at 50% of margin.
Accounts held in the seychelles can increase their leverage to 1:500 and the stop out level falls to 30%.
A new client bonus of $30 is currently offered.
Tickmill offers 4 different types of accounts, including demo accounts.
Classic accounts require a minimum deposit of $100 and offer spreads starting at 1.6 pips with no commission.
Pro accounts require a minimum deposit of $100 and spreads starting at 0, but charge commission.
VIP accounts require a minimum deposit of $50,000 and spreads starting at 0 and charge lower commissions.
All of these accounts can be converted to islamic swap free accounts. They can also all be funded in USD, EUR, GBP and PLN.
Demo accounts allow newbie clients to practice their trading with all the available platforms, instruments and with real time pricing.
Tickmill also offers bespoke solutions for money managers and institutions.
Newbie traders should start with the classic account in the UK which offers competitive spreads, a relatively low deposit requirement and modest leverage.
Products
Tickmill offers more than 60 currency pairs and cfds on 14 stock indexes, oil, precious metals, bonds and cryptocurrencies.
The currency pairs include all major pairs and all the minor and exotic pairs that are favoured by forex traders. Indices include the dow 30, S&P500, FTSE 100 and most other major global indices. These cfds are based on the index futures contracts.
Clients can also trade west texas oil, gold, silver, german government bonds and cfds on bitcoin.
Cfds on individual stocks are not available from this broker.
Regulation
Tickmill UK is based at 1 fore street, london, EC2Y 9DT. This entity is regulated by the financial conduct authority (register number: 717270). UK accounts also benefit from deposit protection.
Tickmill seychelles is based at 3, F28-F29 eden plaza, eden island, mahe, seychelles and regulated by the financial services authority (with licence no. SD 008).
Platforms
Tickmill offers clients a choice of two platforms, metatrader 4 and web trader, which is a browser-based version of the same platform. Tickmill doesn’t seem to have any proprietary platforms on offer.
Metatrader 4 is an award-winning trading platform widely recognised as the gold standard for forex trading. It offers 9 time frames and more than 85 indicators. Users can access and share eas (expert advisors) and automated trading systems, and back test their own trading strategies.
MT4 can be installed on windows and OS X pcs, as well as mobile devices.
Mobile trading
As far as mobile accessibility goes, tickmill’s offering is fairly standard.
The website is reasonably easy to access and navigate using mobile devices. MT4 can be installed as an app on ios and android devices. This allows traders to access their accounts while on the go, with nearly all the functionality of the desktop platforms.
The browser-based version of MT4 is also mobile friendly.
Pricing
Tickmill’s pricing is competitive when compared to other brokers. The spreads charged on the classic accounts are higher, but about average for small accounts.
Both the pro and VIP accounts are ECN accounts and offer lower spreads but charge commission. The low commission on the VIP account is especially attractive, but a $50,000 deposit is required. The higher commission on the pro account is about average for similar accounts, though spreads can add an unknown factor.
The typical spreads for ECN accounts on the EUR/USD pairs seems to be 0.2 pips which is toward the lower end of the range when compared to other brokers.
We didn’t find complaints about the spreads, though some people commenting in online forums complained about slippage.
Deposits & withdrawals
Tickmill offers the usual range of deposit and withdrawal options, including credit and debit cards, wire transfers, neteller, skrill, and a few other ewallet solutions. Minimum deposits are generally $100, and minimum withdraws $10. No fees are charged for any deposits or withdrawals apart from wire deposits below $5,000.
The broker claims deposits are all processed instantly and withdrawals within 1 working day. We did find some complaints online about withdrawals taking longer which tickmill said was due to service providers.
Customer support
Customer support is available via email, phone, call back and live chat. The broker can also be reached on social media channels. Support is advertised as being available 24 hours a day on business days.
Support is available in english, indonesian, italian, chinese, russian, spanish, and polish.
We did find a few complaints regarding the level of professionalism and knowledge of the support staff.
Research & education
Tickmill’s education section consists of an extensive glossary, video tutorials and educational articles. For the most part these are fairly basic and cover the fundamentals clients will need to get started.
Regular webinars are also hosted to discuss the market, though these all appeared to be in portuguese and german when we checked.
The educational resources are sufficient for newbies to get started, but to become a competent trader more material will be needed. That’s not necessarily a problem as there are plenty of educational resources available around the web for free.
Noteworthy points
For the most part tickmill’s offering is very standard, but there are a few unique features. The broker runs a trader of the month competition with a prize of $1,000. The prize is based not only on profits but on risk management as well.
Another unique competition is the NFP machine competition in which clients predict the price of a specific instrument 30 minutes after US non-farm payrolls are released. The prize is $500 for an exact match or $200 for the closest guess.
In 2016 tickmill won the chinese forex expo awards for “the most trusted forex broker” and “the best ECN/STP broker.”
In 2017 they won the “most trusted broker 2017” award from the UK global brands magazine.
IN 2017 tickmill was awarded the ‘best forex trading conditions’ prize at the UK forex awards, and in 2018 they won “best forex execution broker” at the same event.
In general, the broker seems to have a good reputation and most complaints we found seemed to be relatively trivial. They don’t appear to be the subject of any major investigations or disputes
Conclusion
Tickmill is a very standard broker in many respects. For newbie traders the range of instruments is good, and the pricing is fair for small account sizes. The UK entity’s low leverage is ideal for those still learning the ropes. The educational resources are enough to get started. Another advantage for new traders is that the offering is simple without an endless range of platforms and instruments which can be confusing.
More advanced traders may also find the pro account feasible depending on the frequency of their trades. The spreads are very low and the commission reasonable.
Comparison
Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.
Tickmill
- Educational section is a little limited.
- No cfds on individual stocks.
- $50,000 deposit required to access really low commission.
Min deposit
Max leverage
Mini account
Bonus
Platforms
Withdrawal options
Review
Comparison
Review
Introduction
Tickmill is a relatively new broker which was founded in 2015. There are two entities with a UK company complying with new CFD and forex regulations and the seychelles registered company offering greater levels of leverage.
Tickmill is regulated by the FCA in the UK and the FSA in the seychelles. They are also authorised by cysec in cyprus.
Tickmill is managing to establish a name for themselves and were awarded the best forex execution broker at the UK forex awards in 2018.
The easy to navigate website is available in 15 languages.
Trading conditions
Tickmill charges floating spreads for all accounts, though the spreads for pro and VIP are zero on some instruments. Stop loss and take profit orders can be entered with no limitations. Trailing stops are only active while MT4 is open.
Leverage for accounts held with tickmill UK complies with ESMA regulations. Maximum leverage for major FX pairs is 1:30, for other currencies, major indices and gold it is 1:20, for silver, oil and other indices 1:10 and for bonds it is 1:5. UK accounts are stopped out at 50% of margin.
Accounts held in the seychelles can increase their leverage to 1:500 and the stop out level falls to 30%.
A new client bonus of $30 is currently offered.
Tickmill offers 4 different types of accounts, including demo accounts.
Classic accounts require a minimum deposit of $100 and offer spreads starting at 1.6 pips with no commission.
Pro accounts require a minimum deposit of $100 and spreads starting at 0, but charge commission.
VIP accounts require a minimum deposit of $50,000 and spreads starting at 0 and charge lower commissions.
All of these accounts can be converted to islamic swap free accounts. They can also all be funded in USD, EUR, GBP and PLN.
Demo accounts allow newbie clients to practice their trading with all the available platforms, instruments and with real time pricing.
Tickmill also offers bespoke solutions for money managers and institutions.
Newbie traders should start with the classic account in the UK which offers competitive spreads, a relatively low deposit requirement and modest leverage.
Products
Tickmill offers more than 60 currency pairs and cfds on 14 stock indexes, oil, precious metals, bonds and cryptocurrencies.
The currency pairs include all major pairs and all the minor and exotic pairs that are favoured by forex traders. Indices include the dow 30, S&P500, FTSE 100 and most other major global indices. These cfds are based on the index futures contracts.
Clients can also trade west texas oil, gold, silver, german government bonds and cfds on bitcoin.
Cfds on individual stocks are not available from this broker.
Regulation
Tickmill UK is based at 1 fore street, london, EC2Y 9DT. This entity is regulated by the financial conduct authority (register number: 717270). UK accounts also benefit from deposit protection.
Tickmill seychelles is based at 3, F28-F29 eden plaza, eden island, mahe, seychelles and regulated by the financial services authority (with licence no. SD 008).
Platforms
Tickmill offers clients a choice of two platforms, metatrader 4 and web trader, which is a browser-based version of the same platform. Tickmill doesn’t seem to have any proprietary platforms on offer.
Metatrader 4 is an award-winning trading platform widely recognised as the gold standard for forex trading. It offers 9 time frames and more than 85 indicators. Users can access and share eas (expert advisors) and automated trading systems, and back test their own trading strategies.
MT4 can be installed on windows and OS X pcs, as well as mobile devices.
Mobile trading
As far as mobile accessibility goes, tickmill’s offering is fairly standard.
The website is reasonably easy to access and navigate using mobile devices. MT4 can be installed as an app on ios and android devices. This allows traders to access their accounts while on the go, with nearly all the functionality of the desktop platforms.
The browser-based version of MT4 is also mobile friendly.
Pricing
Tickmill’s pricing is competitive when compared to other brokers. The spreads charged on the classic accounts are higher, but about average for small accounts.
Both the pro and VIP accounts are ECN accounts and offer lower spreads but charge commission. The low commission on the VIP account is especially attractive, but a $50,000 deposit is required. The higher commission on the pro account is about average for similar accounts, though spreads can add an unknown factor.
The typical spreads for ECN accounts on the EUR/USD pairs seems to be 0.2 pips which is toward the lower end of the range when compared to other brokers.
We didn’t find complaints about the spreads, though some people commenting in online forums complained about slippage.
Deposits & withdrawals
Tickmill offers the usual range of deposit and withdrawal options, including credit and debit cards, wire transfers, neteller, skrill, and a few other ewallet solutions. Minimum deposits are generally $100, and minimum withdraws $10. No fees are charged for any deposits or withdrawals apart from wire deposits below $5,000.
The broker claims deposits are all processed instantly and withdrawals within 1 working day. We did find some complaints online about withdrawals taking longer which tickmill said was due to service providers.
Customer support
Customer support is available via email, phone, call back and live chat. The broker can also be reached on social media channels. Support is advertised as being available 24 hours a day on business days.
Support is available in english, indonesian, italian, chinese, russian, spanish, and polish.
We did find a few complaints regarding the level of professionalism and knowledge of the support staff.
Research & education
Tickmill’s education section consists of an extensive glossary, video tutorials and educational articles. For the most part these are fairly basic and cover the fundamentals clients will need to get started.
Regular webinars are also hosted to discuss the market, though these all appeared to be in portuguese and german when we checked.
The educational resources are sufficient for newbies to get started, but to become a competent trader more material will be needed. That’s not necessarily a problem as there are plenty of educational resources available around the web for free.
Noteworthy points
For the most part tickmill’s offering is very standard, but there are a few unique features. The broker runs a trader of the month competition with a prize of $1,000. The prize is based not only on profits but on risk management as well.
Another unique competition is the NFP machine competition in which clients predict the price of a specific instrument 30 minutes after US non-farm payrolls are released. The prize is $500 for an exact match or $200 for the closest guess.
In 2016 tickmill won the chinese forex expo awards for “the most trusted forex broker” and “the best ECN/STP broker.”
In 2017 they won the “most trusted broker 2017” award from the UK global brands magazine.
IN 2017 tickmill was awarded the ‘best forex trading conditions’ prize at the UK forex awards, and in 2018 they won “best forex execution broker” at the same event.
In general, the broker seems to have a good reputation and most complaints we found seemed to be relatively trivial. They don’t appear to be the subject of any major investigations or disputes
Conclusion
Tickmill is a very standard broker in many respects. For newbie traders the range of instruments is good, and the pricing is fair for small account sizes. The UK entity’s low leverage is ideal for those still learning the ropes. The educational resources are enough to get started. Another advantage for new traders is that the offering is simple without an endless range of platforms and instruments which can be confusing.
More advanced traders may also find the pro account feasible depending on the frequency of their trades. The spreads are very low and the commission reasonable.
Comparison
Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.
Tickmill review
- Is tickmill safe?
- Trading conditions
- Account types
- Spreads and commissions
- Deposit and withdrawal fees
- Tickmill for beginners
- Educational material
- Analysis material
- Trading platforms
- Trading tools
- Mobile trading apps
- Evaluation method
- Tickmill risk statement
- Overview
Summary
Built by traders, for traders, tickmill offers low spreads and commission on both ECN and traditional accounts. All accounts feature ultra-fast STP execution (0.15s on average and no requotes) and support for the MT4 platform with all strategies allowed.
Regulated by the FCA in the UK, cysec in europe, and the seychelles FSA internationally вђ“ and a regular winner of trade execution and trading conditions awards вђ“ tickmill also offers 80+ instruments to trade alongside dedicated multi-lingual support and negative balance protection.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods
Supported platforms for tickmill
Is tickmill safe?
Tickmill ltd is regulated by the seychelles FSA (license: SD 008) and has been regulated by the FCA (license: 717270) since 2016. Cysec has regulated the european entity, tickmill europe ltd (license: 278/15) since 2015.
Tickmillвђ™s quality and popularity amongst traders have been noticed and rewarded by its industry peers; in recent years the company has won awards for best CFD broker asia 2019 (international business magazine), best forex CFD provider 2019 (online personal wealth awards), best forex execution broker 2018 (UK forex awards)В andв best forex trading conditions 2017В (UK forex awards).
More importantly for potential customers, tickmill were recipients of the most trusted broker 2017 (global brands magazine) for a continual focus on keeping pricing competitive and maintaining a fair trading environment.
Trading conditions
All accounts at tickmill offer STP market executed trades in 0.1 seconds on 62 currency pairs in addition to cfds on stock indices, metals, and bonds, without any dealing desk interference. Tickmill does not offer cryptocurrency cfds.
The margin call and stop-out percentage differ for the retail and professional versions of the accounts where the margin call to stop-out for retail clients is 100% to 50%, and professional is 100% to 30%.
Clients can choose between four wallet currencies вђ“ USD, EUR, GBP, and PLN.
Account types
Tickmill offers three different live accounts in addition to the demo account. While trading conditions improve with the account type, the main differentiating factor is the initial deposit required.
Demo account вђ“ A demo account is available for new traders and will remain open until there is no login for seven consecutive days.
Classic account вђ“ this entry-level account requires a minimum deposit of 100 USD, and, like all tickmill accounts, offers a swap-free islamic account option. The spreads start at 1.6 pips and maximum leverage is 1:500 вђ“ note that this is the only account that uses wider spreads instead of charging a commission on each trade.
Pro account вђ“ this account, also with a swap-free islamic option, requires a 100 USD minimum deposit and is the entry-level account for professional traders. Tighter spreads are available in exchange for a commission of 2 USD per side per 100,000 (a standard lot) traded. This commission pricing and structure is an industry-standard and is in line with what other STP brokers offer clients for the same services.
VIP account вђ“ this account, with the same swap-free islamic option, is for high volume professional traders and requires a 50,000 USD minimum deposit. The commission is reduced to 1 USD per side per 100,000 (a standard lot) traded which makes trading even more profitable. This is a very competitive professional account and offers excellent trading conditions.
Spreads and commissions
The minimum spread on the classic account is 1.6 pips with zero commission. The minimum spread on the pro and VIP accounts is 0.0 pips with a commission of 2 USD per side per standard lot trade and 1 USD per side per standard lot traded, respectively.
Deposit and withdrawal fees
Tickmill takes deposits through a variety of global and local methods, under a zero fees policy. They include:
- Visa/mastercard
- Bank transfer
- Neteller/skrill
- STICPAY
- Fasapay
- Unionpay
- Nganluong.Vn
- QIWI
- Webmoney
The zero fees policy means that tickmill will reimburse traders for any fees charged up to 100 USD. If you were charged, submit a copy of the bank statement showing the charge, and the amount will be credited. Should the trading account become inactive, tickmill reserves the right to start reimbursing transfer fees.
Tickmill for beginners
Tickmill does not have a traditional introductory course, but they do publish webinars and seminars to help new traders get their footing. They have also made available a detailed ebook which many new traders will find useful. Additionally, while the analysis blog and tradingview analysis tools do not explain the basics of trading, they do offer new perspectives on currency markets.
Educational material
For new traders, tickmillвђ™s main resource is its downloadable ebook, but the webinars and seminars are also of great assistance.
The 46-page ebook, titled the majors вђ“ insights & strategies, is well illustrated and a suitable replacement for an online course for beginners. The ebook covers forex trading basics and how forex trading works, an introduction to the major currency pairs, trading strategies and the major types of forex analysis. The ebook ends with a section of top tips which will give traders more confidence in their decisions.
Webinars are run in four languages (english, arabic, italian and german), and all previous webinars are available in an archive. The webinar subjects vary from more fundamental concepts like news trading strategies to technical analysis and chart theories like standard elliot wave models.
Tickmill has a schedule of free seminars around the world, which introduce traders to new areas of learning and also allows clients to meet brokers in person and create relationships.
Analysis material
The tickmill research team runs a regular blog which covers topics that relate to both fundamental and technical analysis. Research often covers different currency pairs and encourages traders to learn about market-moving events outside of conventional news sources.
The blog is open to all readers and tickmill allows traders to contact the author with questions about their article. This is unique among brokers, who typically shy away from one-to-one contact with traders when it comes to discussing specific investments.
Tickmill is also active on their tradingview pro account where analysts are continually marking up charts. Even if traders are not going to take advantage of these trading opportunities, they are a great way to learn technical analysis from the pros.
Trading platforms
Tickmill supports metatrader4 (MT4) and the associated web and mobile applications. MT4 is the industry leader and the most common trading platform for CFD traders.
There are many advantages of signing up with an MT4 broker and using MT4 for trading:
- The MT4 community is vast, as is the amount of the text and video resources to support both new and experienced traders.
- The MT4 EA (expert advisor) community of developers is very active, so renting or buying algorithmic trading software is very easy.
- MT4 has very low system requirements, so a new device or computer is not necessary to get started.
Trading tools
Tickmill also provides a number of useful trading tools.
Autochartist is a third-party automated chart analysis tool which scans the markets for volatility and notifies traders of relevant trading opportunities. Since it integrates into MT4, information is available inside the trading view and adds little complication to the platform while providing additional analysis. Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Tickmill offers autochartist free of charge to all live accounts and the demo account on a delay of five candlesticks.
Another common third-party trading tool available on tickmill is myfxbook autotrade, which is a cross-broker social trading platform that allows for copy trading without the need for additional software.
The one-click trading MT4 expert advisor (EA) is designed to make common trading mechanisms more accessible, which facilitates trading and removes unnecessary navigation between windows and charts. This EA does not overly simplify MT4, but it does make trading on the platform less complicated.
Tickmill VPS has partnered with beeksfx to provide discounted VPS services to clients. While many brokers will include VPS as a free service for active traders, VPS has chosen to partner with a leading 3rd party provider and asks clients to take on the additional cost.
Mobile trading apps
Metatrader4 (MT4) is also available on IOS, android and windows mobile phone and tablets. The app will connect to the same account as the desktop software, keeping the trading experience synchronised, and traders mobile.
Evaluation method
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the tickmill offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Tickmill risk statement
Trading forex is risky, and each broker is required to detail how risky the trading of forex cfds is to clients. Tickmill would like you to know that: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading cfds with tickmill ltd.
Overview
Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. With a strong education section, additional premium tools offered to traders for no extra cost, and good trading conditions, tickmill should be a top choice in forex brokerage.
Tickmill
Olalobere
Recruit
There are so many issue about price being earlier reported but each complain and/or explanation always reported have made me always look like fool, because i the meta4 chart would have been corrected, capture page will not be accessible at meta4 data base and i was not able to access attached document; as a prove from my e-mail account no. Minor news, i now see spread of close to 20 pips most especially on limit and
stop orders. What make things worse is the fact that the contact person will not be logical in their presentation and/or argument; and there is no way you can win illogical argument, so, i waited patiently to get them red handed.
Here are the trade orders in contention, all in nzdusd that i opened.
35927640 2015.09.17 20:39:29 sell 0.18 nzdusd 0.63381
35605254 2015.09.09 23:55:24 buy 0.10 nzdusd 0.64013
The trades with the ticket numbers 35605254 and 35927640 as reflected in daily confirmation dated thu, 17 sep 2015 15:15:40 -0700 the meta4 used adopted GMT+2. I closed the trade with the ticket no 35605254 at 11.33.23 am (GMT+2)
16 dollar profit but to my surprise, account was deducted with -63.20 dollar and looking at my account history this is what i see these closed trades.
35605254 2015.09.09 23:55:24 buy 0.10 nzdusd 0.64013 0.00000 0.00000 2015.09.18 11:33:25 0.63381 -0.26 0.00 3.06 -63.20
35927640 2015.09.17 20:39:29 sell0.00 nzdusd 0.63381 0.00000 0.00000 2015.09.18 11:33:25 0.63381 0.00 0.00 0.00 0.00
Additionally, in my open trades i now have this entry which i know did not trade as reflected in daily confirmation of 17 of september with the trade entry reflected.
35985061 2015.09.17 20:39:29 sell 0.08 nzdusd 0.63381 0.00000 0.00000 0.64476 -0.20 0.00 0.00 -87.60
As reflected in my attached account details. And my doubt were confirmed by daily confirmation sent from ticmill
After my complaint to tickmill (copy of e-mail is attached) the phantom nzdusd 0.8 that was open, now closed.
What my investigation reveals.
I have two nzdusd , one 0.1 lots at 0.63381 and 0.18 lots 0.64013 which are 6332 points (4 digit platform), i close 35605254 at
+160 points, and i suppose to have my account added with
16 dollars it was deducted with 63.20 dollar and my trade 35927640 of 0.18 lots was partially (not by me because this exist on tickmill mt4 platform). And after my complaint, the partial closed trade was close (not by me)and appended with another ticket no..
We are a global FX and CFD liquidity provider serving institutional clients around the world
Liquidity & execution
Capitalise on our strong institutional relationships across the globe to provide deep liquidity pools and low-latency connectivity.
- Authorised and regulated by the FCA UK
- Accounts held with barclays bank
- Deep liquidity pools & multi-asset execution
- Tight spreads
- Commissions as low as 5 per million
- Leverage up to 1:200
- Real-time back office
Institutional technology
State-of-the-art price aggregation & execution technology and premium connectivity with expert 24-hour support.
- Partner of onezero
- Equinix london, new york and tokyo
- FIX API, MT4 and MT5 connectivity
- Low latency x-connects
- Clustered redundant architecture
- High scalability and flexibility
- Trusted by brokers & other institutions
MT4 white labels
Offer our technology and business solutions under your own brand, maintaining full customer control and confidentiality.
- MT4 white label with a $5,000 setup fee
- Award-winning retail platform
- Desktop, mobile and web platforms
- Plugins and bridges to connect to liquidity
- Servers hosted in equinix data centers
- Forex, stock indices, metals, commodities
- World class support
so, let's see, what we have: is tickmill a good forex broker? Read real reviews, by traders, for traders? Add your rating to the largest forex review database by forex peace army? At ticmill
Contents of the article
- Top forex bonuses
- Tickmill review
- Broker details
- Live discussion
- Tickmill.Com profile provided by tickmill, nov...
- Video
- Traders reviews
- Tickmill review
- Broker details
- Live discussion
- Tickmill.Com profile provided by tickmill, nov...
- Video
- Traders reviews
- Tickmill – $30 welcome bonus
- Tickmill
- Tickmill review 2020
- Tickmill – a quick look
- Regulation and safety of funds
- Tickmill fees and spread
- Tickmill account types
- How to open account with tickmill
- Tickmill trading platforms
- Tickmill deposit & withdrawals methods
- Tickmill bonus
- Tickmill customer support
- Do we recommend tickmill?
- Tickmill
- Review
- Introduction
- Trading conditions
- Products
- Regulation
- Platforms
- Mobile trading
- Pricing
- Deposits & withdrawals
- Customer support
- Research & education
- Noteworthy points
- Conclusion
- Comparison
- Tickmill
- Review
- Introduction
- Trading conditions
- Products
- Regulation
- Platforms
- Mobile trading
- Pricing
- Deposits & withdrawals
- Customer support
- Research & education
- Noteworthy points
- Conclusion
- Comparison
- Tickmill review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for tickmill
- Is tickmill safe?
- Trading conditions
- Tickmill for beginners
- Trading platforms
- Evaluation method
- Overview
- Tickmill
- We are a global FX and CFD liquidity...
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