Tickmill Review 2023

The first thing I can say about Tickmill forex broker is that it is one of the fastest-growing brokers in the world. Thanks to the Company’s aggressive growth policy, Tickmill succeeded in reaching thousands of forex traders from a wide range of different countries in a very short period of time.

In this updated Tickmill review 2023, I’ll explain as well as break down the details that make Tickmill one of the best in the market, in addition to showing all the nooks and crannies by diving into the details of trading and its conditions.

The website has more than a million visitors a month. In this Tickmill review, you will find information on Tickmill spreads, regulations, account types, and deposit and withdrawal methods.

Are you wondering if is Tickmill legit or a scam? what is the Tickmill minimum deposit and what is the Tickmill account type? I would definitely recommend reading this Tickmill review before opening an account with Tickmill.

One of the most crucial issues in the Forex system is regulation. And so you can consider this section in this Tickmill review to be one of the most important and crucial parts as I’ll break down the regulations held by Tickmill along with other conditions and terms accompanied with it.

One of the reasons that make regulation so crucial is that in case any issue arises with your broker, the regulators help you to solve the problems. Think about it; you wanted to withdraw but the broker did not allow it. In this situation, the regulator moves in and protects your rights. We can duplicate samples like this. Let’s see what Tickmill offers us.

Tickmill not only has 1 regulator, but the company brand holds 5 different licenses from different regulators around the globe. This, not only proves the broker is trusted in different places, but also the level of reliability that’s given to the broker from different major watchdogs in the market.

These licenses are:

1. Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). Licence number: SD008
2. Tickmill UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA). With registration Number: 717270
3. Tickmill Europe Ltd is authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) with Licence number: 278/15
4. Tickmill Asia Ltd is authorised and regulated by Labuan Financial Services Authority (Labuan FSA) and its Licence number: is MB/18/0028
5. Tickmill South Africa (Pty) Ltd is authorised and regulated by Financial Sector Conduct Authority (FSCA) with Licence number: FSP 49464

Tickmill is also maintaining Investor Compensation Fund (ICF) as Tickmill Europe Ltd is a member of the Investor Compensation Fund (ICF). The fund’s objective is to secure the claims of covered clients against the ICF members through the payment of compensation for any claims arising from the failure of a member ( in this case, Tickmill ) of the fund to meet its obligations.

Clients of the UK broker are protected by Financial Services Compensation Scheme-FSCS as well as FCA. If the forex broker goes bankrupt, the investors’ money is under the FSCS guarantee. The FSCS’s objective is to pay compensation up to the value of £85,000 per client if a broker is unable or likely to be unable to pay claims against it in the event the firm has stopped trading or has declared to be in default.

In order to keep your money safe, you must trade with a broker who has a license. Watchdogs allow brokers to act in accordance with the rules. They periodically inspect the brokers and if the brokers do not obey the rules, they may cancel the licenses.

The Tickmill forex broker has grown rapidly in a short period of time and currently serves forex and CFD trading in Asia, the Middle East and Africa.

In this part of the Tickmill review, the breaking down of all account types along with the Tickmill minimum deposit amounts as well the maximum leverage offered and spreads range and trading conditions will be all broken down to make you ready to make the choice of choosing the right account for you. 3 different account types are offered and they’re as follows:

The Pro Account

In this account type, the Tickmill minimum deposit is $100. which is considered the average minimum deposit in the forex market. In addition, the maximum leverage offered is 1:500 and spreads are so low that they reach 0.0 pips. USD, EUR, and GBP are used as the base currency of the account and you can also trade with the micro lot as the minimum trading lot size in the pro account. A commission is added of $2 per side per 100.000 volume traded and there is no minimum balance to be obtained for this account type.

The Classic Account

The Tickmill minimum deposit here is around the same as the pro account which is $100. The maximum leverage offered is also 1:500 and the micro lot is the minimum amount that can be traded within the classic account. The spreads here are around 1.6 pips with no commissions applied on trading transactions. the base currencies for the Tickmill classic account are USD, EUR, and GBP same as the pro account plus no specific minimum balance amount is required.

The VIP Account

The only Tickmill account type that doesn’t require any minimum deposit and has zero minimum deposit. Yet, there is a Tickmill minimum deposit balance required to be achieved of $50.000 in addition to having 1:500 as the maximum leverage offered. The spreads are 0.0 pips and the chance to trade with 0.01 of the standard lot -which means a micro lot- is available. There is a commission added of $1 per side for every 100.000 volume traded. Same as the pro and the classic account, the VIP account base currencies are USD, EUR, and GBP.

Through this area of the account types within this Tickmill review, I will explain to you that the option to have all types of accounts traded within a swap-free strategy with an Islamic account is possible as Tickmill is considerate of their Islamic believers’ traders and having this type of account allows traders from Islamic countries to trade without having any swap amount added to the buy or sell transactions.

The Demo accounts are also another option presented that I’ll mention in this Tickmill review. Demo accounts are offered to newly joined traders who are still beginners in forex and CFDs trading. Not only them, professional traders still prefer demo accounts in order to implement or try out a new strategy or trading technique. In which the demo account provides risk-free trials to both types of traders which is quite suitable.

Tickmill provides different types of trading instruments for their trades as Tickmill is well aware of how important those instruments are to provide variety and to distribute the risk for trades. And so, this Tickmill review is where I will show you all the presented trading instruments offered that you can benefit from and add to your trading portfolio.

These trading tools come in different shapes and categories that include:

Forex: With over 60+ currency pairs offered for trade including major, minor and exotic pairs, you can trade with the Tickmill as it provides competitive spreads and alluring leverage.

Indices and futures: here you can trade with 14+ of the stocks of major companies in the world including DAX 40 which is one of Germany’s ” national stock” classified indexes which is used to indicate the health or the state of the german stock market. Nasdaq 100 is also available for trade. In addition to AUS200, HK50, US30 and more. Oil is also offered for a trade where you can choose from different varieties including Brent oil with low spreads and leverage up to 1:100.

Precious metals: you can trade Gold and silver on both MT4 and MT5 where spreads are 0.0 pips and a maximum of 1:500 leverage is offered. 0.20s is the average execution speed.

Bonds: The bond market is an ‘over-the-counter’ market, which is much bigger than the stock market, where it allows traders to make a profit by speculating the price changes of the bonds. Raw spreads are offered when trading bonds that can reach 0.0 pips and the maximum leverage offered is 1:100. German Government Bonds – Euro Bobl (cash), German Government Bonds – Euro Bund (cash), German Government Bonds – Euro Schatz (cash), and more are examples of the bonds you can trade with Tickmill.

Cryptocurrencies: Cryptocurrencies are also available so read along this part of the Tickmill review to know more. Here you can go long or short position on major cryptocurrencies offered and make a profit in both cases. In addition, the option to trade 24/7 as there is no time when the crypto markets close, unlike the other markets where they have an opening and closing time for the markets. Leverage is offered of 1:200 when trading cryptocurrencies with Tickmill. Bitcoin, Ethereum, Litecoin, Cardano, Ripple, and more are examples of the cryptocurrencies you can include within your trading profit with Tickmill.

Stocks: where you can trade stocks of the world’s leading companies in different industries with no commissions applied by Tickmill and a leverage of 1:20 is possible. Apple, Amazon, Meta, Microsoft and more are examples of the stocks you can trade with Tickmill.

As was already mentioned in the previous section throughout this Tickmill review, all the advantages that are offered and now, in this case, it won’t be a matter of question how well set the trading platforms are placed.

Tickmill offers the forex market’s standard platforms which are the MetaTrader4 and MetaTrader 5 which were both developed by the same company MetaQuotes.

MT4 is well known to be the forex trader’s favourite trading platform due to its easy-to-use interface and easy access to all the markets with just a click. Some of the features included in the MT4 that made it so prefer to use it are:

1. No partial fills for order execution as a result of our huge depth of liquidity
2. EA trading facilities by using our VPS services.
3. Advanced Technical Analysis
4. 50+ Indicators
5. Customisable charting
6. The interface is provided in 39 languages
7. Trading Signals with an advanced notification system
8. Slippage reduction

MT5 provides advances and more features using the platform than the ones in MT4 which these features include:

• All types of trade orders are supported
• 6 types of Pending orders, including Limit, Stop and Stop-Limit orders
• 38+ integrated Indicators
• 21 timeframes
• Multiple customisable charts
• Built-in Economic Calendar
• Superior Algorithmic applications including Expert Advisors, Trading Robots and Copy Trading
• CFDs on Forex, Stock Indices, Stocks, Commodities, Bonds and Cryptocurrencies

In addition to the provision of the Webtrader in which you can you and trade using your Metatrader on any browser without having to download any app as it allows traders to always be trading on the go from anywhere.

Tickmill bonus is on the top of my list of points to be discussed Via this Tickmill forex broker review and it represents a major interest to traders in the market and those who decide to trade with Tickmill forex broker after reading this Tickmill review.

Three is the number of Tickmill bonuses that can be found on the platform. One of them is ‘Trader of the month’: Each month, Tickmill selects the best and highest performance among its talented clients and rewards it with a $1000 award.

They take into account not only good profits but also money and risk management skills when selecting the winner. I would say that this Tickmill bonus enables competition among clients. Available to clients of Tickmill Ltd (FSA SC Regulated) only.

The second one is ‘Tickmill’s NFP Machine. This Tickmill bonus is also available to clients of Tickmill Ltd (FSA SC Regulated) only. During every NFP week, they choose one instrument and challenge you to guess its price in their MT4 platform at 16:00, exactly 30 minutes after the NFP release. A perfect hit will bring you $500 to your trading account. If no one breaks the bank by an exact figure, the trader with the closest prediction will cash in a $200 prize.

And the last bonus type to be mentioned in this Tickmill review is the ‘$30 Welcome Account’. Available to clients of Tickmill Ltd (FSA SC Regulated) only. If you open a new account Tickmill gives you a Tickmill $30 bonus.

All promotions have terms and conditions so make sure to read them first and fulfil all the requirements and needs.

For a vast market like the forex, having easy access to funding and withdrawing real accounts is a major concern since some scam brokers can restrict traders’ ability to withdraw. Yet in this Tickmill forex broker review, I’ll show you all the information I gathered to prove there is no scam whatsoever when dealing with Tickmill. Different funding and withdrawal options are offered by Tickmill in order to keep the needs of different types of trades in different parts of the world.

These Tickmill deposit methods include:

Bank transfer: used for both finding and withdrawals and no commission is applied on either transaction. The Tickmill minimum deposit to be made using a bank transfer is $100 and the minimum withdrawal to be made is $25. The processing time is 1 working day for both types of transactions.

Credit and debit cards: both visa and MasterCard can be used for both deposits and withdrawals. No commission is added to any of the transactions. The Tickmill minimum deposit to be made with credit and debit cards is $100 which takes instant processing time to occur. While the minimum withdrawal amount is $25 with 1 working day processing time.

Crypto Payments: no commission is added on deposits or withdrawals. The Tickmill minimum deposit using crypto payments is $100 and the processing time is 24/7 Instant. While the minimum amount for withdrawals is $25 and the processing time is 1 working day.

E-wallets like Skrill, Neteller and Sticpay: the Tickmill minimum deposit using these e-wallet methods is $100 ( or equivalents in the case of Sticpay) with instant processing time whereas the minimum withdrawal amounts are $25 with 1 working day processing time and no commission is added to either transaction. In addition to having USD, EUR, and GBP as the base currencies to be used when attempting to use these methods for either funding or withdrawals.

Fasapay: used mainly in India and it has no commission applied to funding to withdrawals. The Tickmill minimum deposit using Fasapay is $100 or 1,500,000 Rp and instant processing time. While the minimum withdrawal amounts are $25 which happens within 1 business day.

Union pay: used for Chinese territories and CNY is its base currency where no commission is added. The Tickmill minimum deposit amount using this method is 700 ¥ or € / $ / £100. The minimum withdrawal is $25.

WebMoney: the conditions here are similar to the other types of e-wallets except that the base currencies to be used are only USD and EUR.

I’ve covered many details in this Tickmill review 2023 and one of the points to be mentioned that was concluded is that Tickmill is one the fast-growing brokers with great trading conditions and features to match all different types of traders in the forex market.

3 different Tickmill account types are offered with variable spread ranges and maximum leverage offered of 1:500. Funding and withdrawal options seem to be quite suitable for everyone anywhere in the world, with a zero commission policy on both deposits and withdrawals and a processing time that is of a maximum of 24 hrs. This Tickmill forex broker review also explained further details when it comes to the Tickmill minimum deposit whether that was for the live accounts or the account funding. As it was sown that the Tickmill minimum deposit across all account types is $100.

FCA license and FSCS registration are two of the broker’s strongest features. The broker has a CySec license too. In addition to the different licenses, the broker holds from different parts of the world to only prove the level of trust the broker holds within the forex market. There is no doubt that Tickmill is a reliable broker.

Throughout this Tickmill review, we concluded also the trading platforms used when trading with Tickmill which are the MT4 and MT5 which are considered the forex traders’ favourites. Tickmill bonus is also offered in 3 different types that allow almost every trader to benefit from it.

Finally, Tickmill is a reputable broker that has various product portfolios and effective trading conditions.

Tickmill Review 2023

• 1Regulation and Investor Protection
• 2Account Types
• 3Trading Products
• 4Trading Platforms
• 5Promotions
• 6Deposit and Withdrawal Methods.
• 7Conclusion of Tickmill review 2023

Score: 8.3/10

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