Tickmill Broker Review

Author Author:  Alison Heyerdahl Published: May 7, 2019
Editor Editor:  Chris Cammack Updated: Aug 14, 2023

Last Updated On Aug 14, 2023

Alison Heyerdahl
Broker Score
4.58 4.58 / 5
Rated #8 of 59 Recommended Brokers
🏦  Min. DepositUSD 100
🛡️  Regulated By
💵  Trading Cost 
USD 4
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertAccepts Kenyan Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles.

Last Updated On Aug 14, 2023

Alison Heyerdahl

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Our verdict on Tickmill

Tickmill offers low spreads and commission, fast STP execution on the MT4 platform and has an excellent reputation in the CFD trading industry.

Regulated by the FCA in the UK, CySEC in Europe and the Seychelles FSCA international – and a regular winner of trade execution and trading conditions awards – Tickmill has the reputation, and the performance, traders should look for in a broker.

🏦  Min. DepositUSD 100
🛡️  Regulated By
💵  Trading Cost 
USD 4
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
11110.54.5/ 5
Trading Conditions
111115/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
USD, EUR, GBP, PLN
Number of FX Pairs
62
Crypto Pairs
8
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Pro
Trading Desk
Commission
4 USD / lot
EUR/USD
0.10 pips
GBP/USD
0.30 pips
USD/JPY
0.10 pips
Negative Balance Protection

Company Details

Company Name
Tickmill Ltd
Founded
2014
Website
Website Language
English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese, Spanish
Support Language
English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
Office Locations
Seychelles, Cyprus, Malaysia, United Kingdom, South Africa

Pros

  • Tight spreads
  • Well regulated
  • Fast and free withdrawals

Cons

  • Limited base currencies

Tickmill Account Types

Pro Account – 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 – 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.

Scroll for more detailsPreviousNext
Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Tickmill
111115/ 5
USD, EUR, GBP, PLN
0.00 pips
USD 4
0.10 pips
0.30 pips
0.10 pips
USD 4
Khwezi Trade
111104/ 5
ZAR, USD
1.00 pips
USD 10
0.60 pips
1.00 pips
0.80 pips
USD 0
Darwinex
111104/ 5
EUR, USD, GBP
0.20 pips
USD 7
0.20 pips
0.80 pips
0.40 pips
USD 5

 

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, Tickmill’s main resource is its downloadable ebook, but the webinars and seminars are also of great assistance.

The 46-page ebook, titled The Majors – 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.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Tickmill
High
Khwezi Trade
Medium
Darwinex
Low

 

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.
Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
Tickmill
11110.54.5/ 5
Khwezi Trade
111104/ 5
Darwinex
11110.54.5/ 5

 

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.

Channel Down on US Dollar South African Rand

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.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Tickmill
Khwezi Trade
Darwinex

 

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. 71% 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.

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

 

Vanessa Marcos
Financial Writer

Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.

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AlertAccepts Kenyan Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles.
  • Isaac says:

    We want tickmill to be available to Kenyas

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    Broker Score
    4.58 4.58  / 5
    Rated #8 of 59 Recommended Brokers
    Site Icon Data provided by FX Scouts Kenya

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