Tickmill was founded in 2014 by Brothers Ingmar and Illimar Mattus, both long-time forex industry entrepreneurs with significant experience in financial services. Today the Tickmill brand holds regulatory status in the U.K., Cyprus, South Africa, Seychelles, and Labuan in Malaysia. According to its website, Tickmill Group has over 250 staff and more than 327,000 customers. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

  • This platform is suitable for traders preferring numerous options in accounts, platforms, markets and assets.
  • For example, for novice traders, Tickmill encourages clients to choose a Classic Account.
  • However, you won’t be able to do anything in your account, except for upload documents.
  • Tickmill accepts 4 different deposit currencies EUR, GBP, USD and PLN.
  • Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.

This makes this trading account more suitable for experienced traders. Spreads start from 0.0 pips, and the commission fees are only $1.00 per side. The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our in-depth trading guides are created with the same rigorous, data-driven approach.

Copy Trading

The information about it can be found in the CSR (Corporate Social Responsibility) section on the broker website. In order to watch other tutorials of the series, you need to be a verified customer. Then, the access to them will be granted inside your personal account, in the Tools section. Usually, one article with fundamental market analysis is published a day. In terms of topics, the articles in the news section cover as much as possible – technical and fundamental analysis, educational texts, rumors and expert opinions.

  • Tickmill is a trading name of Tickmill UK Ltd, which is a member of the Tickmill Group.
  • Somehow, remember that different instrument
    has different trading conditions.
  • This is critical when a broker develops a complicated trading strategy in the hopes of making a good profit.
  • With this facility, it’s no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards.

MetaTrader 5 is a well-known Forex trading online platform that offers several options to brokers with various accounts. The Metatrader software enables traders to swiftly switch between accounts and windows, allowing them to place orders quickly. According to Metatrader 5 reviews, this programme is one of the most popular among experienced Forex traders. However, amateurs are drawn to this programme because of its user-friendly design and a high degree of efficacy. Many professional brokers download MetaTrader 5 in order to provide their clients with the fastest, safest, and most pleasant trading platform available.

You can decide what platform you want to trade on after you have funded your account, but for this review, we are going to focus on CQG – to quote Duncan and Marco “it’s an absolute beast”. There is no dipping your toe in to see how you get on, you either commit to learning how they work, or you become another risk warning statistic. Tickmill makes multiple deposit options and withdrawal methods available. When a client requests a withdrawal from the client area, the withdrawal will be in the base currency of their Wallet. Tickmill is a trading name of Tickmill Ltd, a member of Tickmill Group.

I have been trading with Tickmill since…Jan 2023

For this Tickmill review, we opened a live account and deposited over US$ 8,000. Funding an account is available via several methods such as bank transfer, Neteller, Skrill, UnionPay, cards and STICPAY. Bank transfers above $5,000 are included in Tickmill’s zero-fee policy, which covers transaction fees of up to $100. The funds reflect instantly if done via credit cards and Skrill. Tickmill does not apply fees on deposits and withdrawals to and from Tickmill Wallets. FCA and CySEC regulations are tighter than most regulators in other countries require.

It barely falls short of a perfect rating because of the live chat unavailability on weekends — useful to beginners who don’t have time during the week to enquire and weekend crypto traders. Opening a Tickmill tickmill review account and trading is simple because of the vast number of tutorials and prompt support. This platform is suitable for traders preferring numerous options in accounts, platforms, markets and assets.

Pepperstone Review

I lost 705$ on 28th March 2023 because of a technical glitch in the Tickmill trading platform. This happened after I installed an update from Tickmill Metaquest platform. My USD/CAD positions got automatically closed after the updates resulting in a loss of 705$.

To start using the Copy Trading service, you need to have USD 1,000 in your account. Also, the broker covers the bank’s fees for the amount of up to $100. Tickmill is good for active trading because fees are extra low.

Card payments

To comply with anti-money laundering laws, clients must undergo the KYC verification process. Seychelles provides a total of 199 tradeable symbols, which is a pretty remarkable number. Trading cryptocurrencies and other instruments is offered through CFDs but not through buying the underlying asset (for example, buying Ethereum or Bitcoin).

Even after repeated mails they will never bother to respond. After losing this money I strongly feel that the entire TICKMILL setup is a big fraud. We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 63% offer the newest version, MT5.

Overall, Tickmill ranks #39 out of the 62 brokers that have been evaluated and scored within our investment types category. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Click on ‘Trading’ in the navigation bar and select ‘Spreads and Swaps’ under ‘Trading Conditions’.

Tickmill’s 24/5 support in various languages in more than 200 countries justifies the multiple awards won. Tickmill provides a degree of risk management to improving trading conditions. The range of educational resources and research-based features helps you to improve your trading ability on a demo account before testing your skills with a live account. These tools are a form of risk management as they ensure you understand the nature of trading before getting started.

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