Tickmill was first made available to traders in 2014, and it currently provides customers all over the world with its own unique blend of online trading services. These services are intended to encourage education and make the most of the capability available to users. Tickmill was started by an experienced group of professionals with decades of combined work history, and the company is deeply committed to serving the best interests of its customers. Tickmill has received a multitude of honors over the years, including the prestigious “Most Trusted Broker in Europe” award from Global Brands Magazine in 2017, “Best Forex Execution Broker” award from the UK Forex Awards in 2018, and “Most Transparent Broker” award from Forex Awards in 2019. These accolades are clear evidence of Tickmill’s commitment to excellence in the industry.
The highly regarded trading conditions offered by Tickmill are largely responsible for the company’s stellar reputation. These trading conditions give priority to speed of execution and feature highly competitive spreads that begin at 0.0 pips, as well as no dealing desk execution, no requotes, and the acceptance of any and all trading strategies. As a consequence, investors have shown their support for this form of service by carrying out more than 130 million trades over more than 200,000 registered accounts in just the year 2018. Tickmill places an emphasis, beyond its trading conditions, on education and the acquisition of knowledge through a variety of resources. The provision of beneficial fundamental and technical analysis, in addition to an abundance of instructional materials, guarantees that customers are completely ready to enter the financial markets with the self-assurance and security that is necessary for success.
The Good of Tickmills
Pros
• Spreads start as low as 0.0 pips
• Non-Dealing Desk Trade Execution with No Requotes
• All Trading Strategies Welcome Including Scalping and Algorithmic Trading
• Comprehensive Educational Options and In-Depth Evaluation
• Support for customers in multiple languages via phone, chat, email, and social media platforms
There is not a proprietary trading platform available; there is a restricted number of assets that can be traded; investors based in the United States are not permitted to join.
Who Would Benefit from Using Tickmill the Most?
Tickmill is an online ecosystem that was established by seasoned professionals. It reflects this level of expertise with a well created ecosystem that is capable of satisfying the requirements of both inexperienced and seasoned investors. Beginners who have no prior expertise with investing will find the platform’s high degree of accessibility, affordable trading conditions, intuitive trading platforms, and numerous educational materials very essential for learning the basics of the trade. The incorporation of useful tools such as one-click trading, Autochartist, and fundamental and technical analysis all contribute significantly to the development of novices’ capabilities and boost their levels of self-assurance.
Users with more experience will appreciate the opportunity to apply any trading strategy, since the platform does not place any restrictions on the types of trading methods that can utilize it. These trading strategies include arbitrage, hedging, scalping, and algorithmic options, among others. Access to the FIX API and even a Prime brokerage model ensures that sophisticated and institutional investors have options that are applicable to them even though some traders who prefer more advanced trading technology might not find MetaTrader 4 to be extensive enough to suit their personal preferences. Stellar execution, raw spreads for higher account tiers, and no-requotes all contribute to a vibrant trading ecosystem that is capable of leveling the playing field of global financial markets for all Tickmill customers.
These are the top features offered by Tickmill.
• Tight Spreads Starting From 0.0 Pips: Because Tickmill offers trading conditions that are highly affordable and competitive, variable spreads in Pro and VIP Account types start as low as 0.0 pips for major FX pairs. This is just one example of how Tickmill differentiates itself from other brokerages.
• Trading CFDs that track key global stock indices, oil futures, and bonds is free of commissions, and this applies to all account types. Additionally, there are no commissions charged for trading oil futures. The commissions for Pro and VIP accounts are still quite reasonable despite the fact that spreads in these types of accounts can begin at a level as low as 0 pip.
• Ultra-Fast Trade Execution: Trades that are placed using the non-dealing desk variant of the Tickmill platform are executed on average within 0.15 seconds. In addition, gaining access to the FIX API enables traders using algorithmic strategies and users of EAs to benefit from faster execution.
• No Requotes: Tickmill clients do not experience any requotes when placing orders across the broker’s asset offerings, even during times of significant volatility such as during news and other major market announcements. This benefit is available to Tickmill clients even during these times.
• Each and every Trading Strategy Welcome: Tickmill allows the use of all trading methods, including hedging, scalping, arbitrage, algorithmic strategies, and even expert advisors (EAs), inviting investors with a variety of strategies and trading styles to appreciate the purposely constructed trading ecosystem.
Compliance and Regulation Processed Through a Tickmill
Tickmill has obtained licensing and regulation in three of the most important jurisdictions in order to entice investors and to facilitate the development of a highly accessible online trading platform. The Financial Conduct Authority (FCA) of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority are the three organizations that oversee Tickmill’s operations as a financial regulator (FSA). In addition, Tickmill has obtained registration with the BaFin in Germany, the CONSOB in Italy, the ACPR in France, and the CNMV in Spain. Tickmill is required to perform all of the Know Your Client (KYC) and Anti-Money Laundering (AML) checks that are currently in effect in order to fulfill the prerequisites for obtaining a license.
In addition to these industry-standard precautions, Tickmill further separates client funds from the company’s operational accounts and deposits them in Tier-1 financial institutions. This provides clients with an additional degree of protection. In addition, in order to properly protect customer information and data, Tickmill has adopted advanced data security measures such as encryption and maintains a backup system on a regular basis. In addition, investors based in the United Kingdom are covered by the Financial Services Compensation Scheme for up to 85,000 GBP, and traders based in Europe are covered by the Investor Compensation Fund for up to 20,000 EUR per account. Both of these insurance policies are provided by the Investor Compensation Fund. In addition, all of the accounts that are made available by Tickmill come with negative balance protection. This means that customers are not responsible for trading losses that are more than the amount of money that has been placed into their trading accounts.
Pricing Based on Tickmill
Tickmill is quite transparent regarding the costs and conditions that are associated with transferring funds to and from the platform. This transparency begins with the terms under which users can deposit and withdraw monies. If the required quantities are met, there are no fees assessed for withdrawals or deposits made using electronic payment methods, including credit cards, debit cards, and all other electronic payment methods. The least amount that may be withdrawn is only $25, however the minimum amount that can be deposited is $100. Bank fees will be levied for wire transfers depositing an amount that is less than $5,000; however, these fees will be waived and reimbursed by Tickmill for sums that are $5,000 or above.
When it comes to trading spreads and applicable swaps, Tickmill is very transparent about the minimum spreads, the typical spreads, as well as the swaps for long and short positions, all of which are posted directly on the website itself for each corresponding asset class. This includes the swaps for long positions as well as short positions. Accounts in the Islamic tradition that do not include rollovers or swaps can also be opened for customers on demand if they want these kinds of accounts. In addition, margin and leverage rates are directly disclosed to the website in order to provide the highest possible level of openness regarding the fees and charges that are associated with the platform.
Last but not least, there are commissions associated with trading that come with the Pro and VIP Account options. These costs amount to $2 per side for each lot in the Pro Account and $1 per side for each lot in the VIP Account. Stock indices, oil, and bonds are not required to pay trading commissions for any of these account types because these commissions only apply to a select few different instruments. Users who have Classic Accounts don’t have to worry about paying commissions for any trades they execute on the Tickmill platform. On the other hand, the beginning spreads for Classic Accounts are a little bit wider than those for Pro and VIP Accounts.
Reliability and Security of the Tickmill
Tickmill goes to great lengths to ensure that its customers have a safe and dependable trading experience. This is done so that the company can continue to offer its customers access to the global financial markets. In addition to the technological and cyber security precautions that are in place for securing order flow, customer data, and payment details, the trade execution model that Tickmill uses is intended to provide the highest possible return on investment for investors. It all starts with the company’s hybrid execution strategy, which incorporates both market-making and straight-through processing into its workflow.
The non-dealing desk model reduces the possibility of having conflicts of interest with the aims of the customer to a large extent. In addition, the internal steps that are taken to avoid conflicts go a long way toward establishing confidence in Tickmill’s services. The high-quality execution itself lies beyond the conventional trade execution paradigm. Customers, regardless of their level of expertise or level of trading experience, are able to make the most of the exceptional market, limit, and stop order conditions since trades are executed in an average of 0.15 seconds without being requoted.
Additionally, professionals and institutions can appreciate the presence of FIX API access, which provides even better connection for Expert Advisors and algorithmic strategies. Institutions looking for the finest conditions can investigate the prime brokerage alternatives that Tickmill has to offer. Because negative balance protection is provided, customers are safeguarded against incurring losses that are greater than the value of their deposits. Tickmill stands out above all of these efforts because it has demonstrated its unrelenting dedication to reliably and regularly offering steady access to financial markets on behalf of its customers.
Experience Having Tickmill as a User
One of the areas in which Tickmill really shines is in the way it prioritizes giving platform clients an experience that is both efficient and intuitive, with a strong emphasis on contributing the most value possible. The onboarding process for potential new clients of Tickmill is extremely simple. It consists of filling out two short registration forms and going through the usual compliance procedures, which include verifying a user’s proof of address and proof of identity papers. The Forex Tools, the AutoChartist Tool, and access to the trading platforms such as a download button for MetaTrader 4 and the option to launch the Tickmill WebTrader browser platform are some of the features that users will have access to once their accounts have been approved and they have logged in to the User Area.
The non-dealing desk trade execution methodology that Tickmill uses ensures that there are no potential conflicts of interest when it comes to investing, as the company places a strong emphasis on providing prompt execution for all account types. In addition, the FIX API and VPS alternatives that are provided provide support for more advanced connections, improved uptime, and low-latency trade processing that are capable of managing more complex algorithmic strategies and Expert Advisors. The fact that Tickmill places such an emphasis on offering trade execution that is free of friction is not ignored, and this fact alone makes it an ideal location for partaking in any trading strategy. Trading is conducted solely through the desktop, web, and mobile applications of MetaTrader 4, which offers a dependable and strong trading experience along with all of the tools and features essential for traders of all experience levels to succeed.
Another key contrast is that Tickmill places a premium on users’ level of understanding. Its educational materials cover a wide variety of topics, and when combined with daily Market Insights, webinars, seminars, video tutorials, regularly updated articles on technical and fundamental analysis, and more, traders of all experience levels can acquire valuable knowledge and insight that can be applied to capturing opportunities and realizing returns across global markets. The helpful customer support team at Tickmill is available via phone, email, and live chat from 7:00 AM to 8:00 PM GMT, Monday through Friday, to assist customers with any issues or problems they may have. In order to better serve their customers, these knowledgeable professionals are able to give assistance in a total of 14 different languages. If you are comfortable finding your own answers, the frequently asked questions section that is hosted on the website is full of helpful material that addresses common enquiries as well as significant topics.
Conclusions and Reflections on Tickmill
Tickmill is a multi-award-winning industry leader in the field of online trading, and the company lives up to its stellar reputation by providing exceptional trading conditions, an abundance of investor resources and tools, a cost structure that is highly competitive, and, most importantly, transparency. Tickmill provides users, whether they are new to investing or seasoned professionals, with an inviting trading ecosystem that is developed to assist them in achieving the financial objectives they have set for themselves. This begins with an inviting environment that offers substantial value addition in the form of learning materials, research and market insights that are routinely updated, advanced analysis tools, and quality execution. In addition, the non-dealing desk order model guarantees that there will be no requotes and that there will be no conflicts of interest, all without sacrificing the speed with which orders are executed.
Tickmill skillfully demonstrates its dedication to championing the interests of clients by providing a variety of popular tradeable global assets, as well as accessible customer support, a range of popular tradeable global assets, and both in-person and online resources such as seminars and webinars. Tickmill is able to put its customers’ best interests first by providing a platform that complies with all applicable regulations, that welcomes any and all trading styles and strategies, and that offers technological solutions that can even be tailored to the specific requirements of institutional customers. Consequently, investors who are looking for an experience that has won awards and puts a priority on meeting their requirements will value the expert and dependable online trading services provided by Tickmill.
Tickmill FAQs
How can I get access to more leverage than the ESMA-approved maximum of 30:1 if I am a European client?
A: Although the maximum leverage that most European investors can access is limited to 30:1 as a result of restrictions imposed by ESMA, individuals who are able to meet certain eligibility criteria as professional investors with experience are able to access leverage that stretches as high as 500:1. Two of the following requirements must be met in order to be eligible to apply for this status: the applicant must have professional experience in the financial services industry; the applicant must have executed 10 or more trades per quarter for the four quarters prior; or the applicant must manage an investment portfolio that matches or exceeds EUR 500,000 in assets and cash. Simply log into the Client Area, select the Client Categorization option, fill out the application form, and wait for approval.
Do all Tickmill accounts have insurance coverage?
No, not all accounts on Tickmill are covered by insurance policies. The Financial Services Compensation Scheme (FSCS), which insures UK accountholders for up to GBP 85,000, and the Investor Compensation Fund (ICF), which entitles European clients to up to EUR 20,000 in coverage for securities and cash in the event of broker insolvency, are both available to clients of Tickmill FCA and CySEC-regulated entities. Clients of Tickmill FCA and CySEC-regulated entities benefit from participation in both of these schemes. However, customers who use tickmill services that are regulated by the Seychelles are ineligible to participate in either of these schemes.
On the Tickmill platform, are scalping and hedging legal trading strategies?
A: All of the techniques that are currently available are supported by Tickmill. This indicates that users that participate in scalping and hedging are permitted to practice their methods on the platform and can do so without restriction. In addition, there is functionality for building algorithmic trading methods with excellent connection via accessible Virtual Private Servers and FIX API access. This functionality may be found with the other features mentioned above.
How do I gain access to the Tickmill promotions and incentives that are now available?
A: Tickmill Seychelles clients are the only ones eligible for bonuses and promotions; customers from the UK or Europe do not have access to these opportunities. Customers are eligible to get the $30 welcome bonus with no initial deposit required when they sign up for and open the Welcome Account. Traders also have the opportunity to win up to $500 if they make accurate price predictions following the publication of the monthly US Non-Farm Payroll report, as well as a prize of $1,000 for the “Trader of the Month” who best exemplifies success as well as solid risk management skills.
A: No, Tickmill does not provide an Islamic Account option at this time.
A: The answer is yes, upon request, clients who prefer Shariah-compliant account options for religious reasons are able to set up trading accounts that do not include swap and rollover interest on overnight positions but otherwise benefit from the same conditions that are made available to all other Tickmill clients.
