Are you considering trading forex? If so, you’ll need to find a reliable and trustworthy broker. There are many brokers out there, but one of the most popular is Tickmill. In this article, we’ll be taking a comprehensive look at the Tickmill broker in our Tickmill Review 2023.
Tickmill was established in 2014 and has since become one of the leading forex brokers in the industry. They offer over 50 currency pairs, as well as CFDs on indices, commodities and metals. With low spreads and fees and high leverage up to 500:1, it’s no wonder why traders flock to this broker. But what else does Tickmill have to offer?
In our comprehensive review of Tickmill, we’ll take an in-depth look at their features, services and user experience. We’ll also explore their regulation and security measures to ensure they are a safe choice for your forex trading needs. So let’s dive into our Tickmill Review 2023!
Overview Of Tickmill Broker
Tickmill is a Forex broker that offers a variety of services for its clients. It has been active since 2013, and is regulated by the Financial Conduct Authority in the UK. The firm provides an extensive range of trading instruments, including major and minor currency pairs, commodities, indices, CFDs and stocks. Its trading platform includes the popular MetaTrader 4 (MT4) as well as its own proprietary web-trading platform. In addition to these platforms, Tickmill also offers mobile apps for both Android and iOS users.
The broker provides competitive spreads with no commissions or hidden fees. There are two different account types available – a standard account with fixed spreads and a pro account with variable spreads. Both accounts offer access to a wide range of financial instruments, high leverage up to 1:500, automated trading options and 24/7 customer service. Tickmill also offers Islamic accounts that comply with the principles of Sharia law.
Tickmill boasts an impressive client retention rate due to its reliable customer service, fast execution speeds and secure environment for trading activities. The firm offers competitive pricing and features such as negative balance protection which make it an attractive option for traders who are looking for an experienced and reliable broker. All in all, Tickmill provides everything you need for successful online trading in Forex markets.
Pros & Cons of Tickmill
There’s no doubt that Tickmill is a great forex broker. Let’s take a look at the pros and cons of using them:
- Low spreads and competitive pricing
- Fully regulated by the FCA, CySEC and ASIC
- Solid selection of trading platforms and tools
- Comprehensive educational resources for beginners to experienced traders
- 24/5 customer service with multilingual support staff
- Limited range of instruments for trading (only 28 currency pairs)
- No access to cryptocurrency markets or CFDs
- High minimum deposit requirement ($500)
- Inactivity fees if you don’t meet their account requirements periodically
Tickmill Account Types & Specifications
At Tickmill, there are three main account types – Classic, Pro, and VIP. All accounts offer competitive spreads, fast execution speeds, and a range of trading instruments. The Classic Account is best suited for beginners, as it offers tight spreads from just 0.0 pips and a leverage of up to 1:500. The Pro Account has higher spreads but also provides access to advanced trading tools such as Expert Advisors (EAs), hedging capabilities, and a leverage of up to 1:200. Finally, the VIP Account offers ultra-low spreads from 0.0 pips and the highest leverage of 1:400 – perfect for experienced traders looking to maximize their profits with lower costs.
In addition, all Tickmill accounts come with negative balance protection so that you never lose more than your initial deposit. They also provide 24/7 customer support with multilingual staff who are always willing to assist with any questions or concerns that may arise during your trading journey. Lastly, all accounts have access to the same powerful MetaTrader 4 platform which includes a range of charting tools and automated trading systems for successful analysis and execution of trades.
Tickmill’s range of account types provide something for everyone – from those just starting out in forex trading to experienced professionals looking for the best possible conditions for their trades. With competitive spreads, advanced features, and top-notch customer service, Tickmill is an excellent choice for any trader seeking a reliable brokerage partner.
Tickmill: Trading Platforms & Tools
At Tickmill, traders are provided with two different platforms to choose from: MetaTrader 4 and the broker’s own in-house platform, TMS Trader. Both platforms contain a wide range of tools and features to help traders succeed.
MetaTrader 4 is one of the most popular trading platforms in the world, offering a comprehensive suite of trading tools including Expert Advisors (EAs), advanced charting package, and technical analysis indicators. It’s also available as a desktop or mobile application which makes it very convenient for traders on the go.
TMS Trader offers a more basic trading solution but still contains some helpful features such as price alerts, market sentiment analysis, and economic calendar. It provides an intuitive interface that makes it easy for beginner traders to get started quickly. Plus, it has advanced charting capabilities that allow more experienced traders to customize their trading strategies even further.
In addition to these two platforms, Tickmill also offers access to Autochartist – an automated chart pattern recognition tool – which helps traders identify potential opportunities in the markets quickly and easily. This can be used alongside both MetaTrader 4 and TMS Trader so that traders have all the necessary tools they need at their disposal to make informed decisions when trading with Tickmill.
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Tickmill: Security Of Funds
When it comes to trading with a broker, security of funds is paramount. When selecting a broker, traders must ensure that the funds are held securely and that the broker is regulated by a reputable financial authority. In this section, we will take a comprehensive look at Tickmill’s security of funds in 2023:
- Tickmill is regulated by two major authorities: The Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). Both of these regulatory bodies provide protection for traders and ensure that their funds are held safely.
- The broker segregates client funds from its own, which means that clients’ money is held separately from Tickmill’s own money. This helps protect clients’ funds if anything were to happen to the broker.
- The broker also has strong anti-money laundering policies in place to prevent fraud or illegal activities from taking place on its platform. All transactions are monitored closely and all client information is encrypted with high-level security protocols to ensure data privacy and safety.
Overall, Tickmill’s commitment to providing maximum security for its clients’ funds ensures that traders can trade confidently knowing their money is being held securely.
Tickmill’s Payment Methods & Fees
Tickmill offers a wide range of payment options for customers. The broker allows deposits and withdrawals via major credit and debit cards (Visa, Mastercard), bank transfers, and e-wallets such as Skrill and Neteller. All the transactions are processed quickly and securely. In terms of fees, Tickmill charges no deposit fees but there is a transaction fee of up to 2%, depending on the payment method used. For example, withdrawing money via a bank transfer can incur a fee of up to 2%.
When it comes to trading fees, Tickmill offers some of the lowest spreads in the industry. They also offer zero commissions on all trades. However, they do charge an inactivity fee of $50 per month if a customer has not placed any trades for more than three months. This means that customers should be aware that if they are not actively trading then they may be charged this fee by Tickmill.
|Average Spread EUR/USD – Standard||0.51|
|All-in Cost EUR/USD – Active||0.31|
|Active Trader or VIP Discounts||Yes|
|ACH or SEPA Transfers||No|
|Bank Wire (Deposit/Withdraw)||Yes|
Overall, Tickmill is one of the most affordable brokers available when it comes to payment methods and fees. With its wide range of payment options, low transaction fees and zero commissions on all trades, it is easy to see why many traders choose to use their services on a regular basis.
Customer Support Quality of Tickmill Broker
Moving on to customer support quality, Tickmill provides reliable and professional customer service. The customer support team is available 24 hours a day, 5 days a week. They can be contacted via email, live chat, telephone or social media channels. They also offer an FAQ section where you can find answers to common questions about their services and products.
The customer service staff is knowledgeable and responsive to inquiries. They strive to provide customers with the best possible service. They are also willing to go the extra mile to help resolve any issues that may arise. In addition, they are able to answer questions quickly and accurately in multiple languages such as English, Spanish, French, German and Chinese.
Overall, the customer service provided by Tickmill is top-notch. Their friendly staff is always willing to help customers with any queries they may have regarding their services or products. Customers can be sure that they will receive prompt and helpful assistance when they need it most!
Tickmill: Education & Resources
At Tickmill, traders have access to a wealth of educational materials and resources. The broker offers free webinars, trading courses, and online seminars for both beginners and experienced traders. These materials are designed to help traders understand the basics of forex trading, as well as gain insight into trading strategies that can help them become successful in the markets. In addition, Tickmill provides its clients with daily market analysis, news updates, and research reports. This helps traders stay ahead of the competition and make informed decisions when it comes to their investments.
Tickmill also offers a range of tools and features to help traders maximize their profits. These include an advanced charting platform with technical indicators, automated trading bots, and other advanced features. Furthermore, they offer a variety of risk management tools such as stop-losses and limit orders that can help limit losses in volatile markets. Finally, Tickmill provides its clients with 24/7 customer support so they can get assistance when needed.
All in all, Tickmill is an excellent choice for both new and experienced forex traders seeking quality education resources and tools for success in the markets. Their comprehensive offering makes them one of the best brokers on the market today. With their range of educational materials, powerful trading platforms, and risk management tools – they provide an ideal environment for profitable trades in any market conditions.
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Regulatory Information of Tickmill
Tickmill is regulated by the Financial Conduct Authority (FCA) in the UK and the Seychelles Financial Services Authority (FSA). This means that clients’ funds are held in segregated accounts and protected up to £85,000 per person. Tickmill also offers negative balance protection, so you won’t lose more money than you have invested. Furthermore, the broker is a member of the Financial Services Compensation Scheme (FSCS), which protects clients against losses up to a certain amount.
The FCA is known for its strict regulatory practices, making them one of the most reliable regulators in the world. They require brokers to adhere to high standards of conduct and provide clients with detailed information about their services. This includes providing risk warnings, trading terms and conditions, as well as other important documents such as client agreements and privacy policies.
Tickmill also provides an online dispute resolution service for customers who may have complaints or disputes with their broker. This helps ensure customers receive a fair outcome should they face issues with their trading experience. All in all, Tickmill’s regulation ensures clients enjoy a secure and trustworthy forex trading environment.
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Verdict of Tickmill Forex Broker
With so much to offer, it is no surprise that Tickmill is a highly rated forex broker. The company has managed to establish an impressive reputation over the years, offering reliable services and competitive pricing structures. In addition to this, they have managed to remain compliant with all relevant regulations while also providing a wide range of trading platforms, tools, and educational materials. All these factors make them a great choice for traders who are looking for a reliable and trustworthy broker.
The customer service provided by Tickmill is also top-notch. They offer support in multiple languages and are always willing to help their customers resolve any issues they may encounter. They also provide useful tutorials and other helpful resources that can be used by both beginners and experienced traders alike.
Overall, Tickmill is an excellent choice for traders of all levels of experience who are looking for a secure and reliable forex broker. With its user-friendly interface, comprehensive features, and reliable customer service, it is easy to see why Tickmill has become one of the most trusted brokers in the industry today.
In conclusion, Tickmill is a great broker for forex traders in 2023. They provide a variety of account types and trading platforms and tools to suit different needs. Security of funds is also top-notch, as they are regulated by several regulatory authorities. Fees are competitive and payment methods are easy to use. Education and resources are comprehensive, making it easier for traders to learn more about the markets.
Overall, my experience with Tickmill has been positive. Their customer service is excellent and their trading platform provides plenty of features that make it simple for me to trade successfully. I like that their fees are low and I can access all the educational resources I need at no extra cost. The security measures they have in place also give me peace of mind when trading with them.
All in all, Tickmill is a reliable broker with a good reputation in the industry. They offer great services at competitive prices and have solid regulation from multiple sources, which makes them a trustworthy choice for forex traders looking for an online broker in 2023.