Tickmill Overview
Website: tickmill.com
Telephone: +44-0-20-3608-2100
Regulation: FCA, FSA, CySEC
Pairs offered: 62+ major, minor and exotic pairs
Minimum Deposit: $25
Spreads From: 1.6 PIPs
Max Leverage: 500:1
Markets: indices, currencies, commodities, bonds, CFDs, stocks
Deposit Options

Tickmill Broker Review

Tickmill offers intuitive Forex trading services to UK clients. As one of the most celebrated new Forex platforms Tickmill boasts an impressive number of rewards from major industry authorities such as Global Brands Magazine, and the Chinese Forex Expo. This online trading brokerage maintains the highest safety and security standards for clients, with segregated accounts, full coverage up to £50,000 under the Financial Services Compensation Scheme, and cross-platform, multi-device functionality.

Overview/ background

 

Tickmill takes pride in its fully licensed and regulated trading platform. UK clients can enjoy full FCA (Financial Conduct Authority) licensing, in addition to Cypress Securities and Exchange Commission (CySEC) regulation. This Forex broker is also licensed by the Financial Services Authority of the Seychelles (FSA). Clients can enjoy a superior trading experience with MetaTrader 4 on Windows, OSX, WebTrader, Android, and iOS devices.  Tickmill is owned and operated by Tickmill UK Limited and registered in England & Wales. The company registration number is 09592225. It is based in London, with the following FCA registration #717270. Clients are required to be at least 18 years of age to enjoy Forex trading services at this brokerage.

 

Account Types

 

Various account types are available to traders including the Classic Account, the Pro Account, and the VIP Account.

Features of the Classic Account:

  • Minimum Deposit of £25
  • Spreads from 1.6 Pips
  • Leverage 1:500
  • Minimum Lots 0.01
  • Zero Commissions and Fees
  • Swap Free Islamic Account Option Available

Features of the Pro Account:

  • Minimum Deposit of £25
  • Spreads from 0.0 Pips
  • Leverage 1:500
  • Minimum Lots 0.01
  • Commissions of 2 per side for each 100,000 traded

Features of the VIP account:

  • A Minimum Balance Requirement of £50,000
  • Spreads from 0.0 Pips
  • Leverage of 1:500
  • Minimum Lots of 0.01
  • Commissions of 1.6 per side for each 100,000 Traded

Additionally, Tickmill offers clients full access to Islamic accounts, and demo accounts across each of the account types.

 

Trading Platform/ software

 

Tickmill provides all its Forex trading services on MetaTrader 4. This platform has been fully customised to offer the most personal trading experience for clients. With MetaTrader 4, clients get to enjoy expert advisors, micro lots, no partial fills, and contracts for difference on a wide range of instruments including commodities, indices, stocks, and currency pairs. MetaTrader 4 is available for Windows, OS X, WebTrader, Android, and iOS. Clients can easily download their preferred version of MetaTrader 4 direct from the homepage.

The trading platform also features WebTrader. With WebTrader, clients get to trade Forex instantly, direct off their browser. The benefits of using the MetaTrader 4 Web trading platform include the following: 100% safe and secure Forex transactions, 1-click trading functionality, all the convenience of MetaTrader 4 direct off your browser, and instant access to a global market of trading options from any desktop device. Among the other features of WebTrader are real-time quotes, 9 chart time frames, basic analytical objects, and customisable price charting features.

 

Deposit options

 

Deposit options include a comprehensive selection of payment methods. These include bank transfer (Barclays), Visa, MasterCard, Skrill, Neteller, fasapay, UnionPay, dotpay, Qiwi wallet and NganLuong.vn. In most cases, the minimum deposit is £25 (bank transfer, credit card, Skrill, Neteller, fasapay), but it may vary from one deposit option to the next. Commissions on deposits over $5,000 are covered by the brokerage for bank transfers, and there are no commissions on any other deposit methods. There also no commissions on withdrawals. Deposits are processed instantly for most options, and withdrawals are processed within 1 business day.

 

Markets

 

The range of financial instruments available to traders at Tickmill includes cryptocurrencies, bonds, precious metals, CFDs, and Forex. Within each of these broad categories are multiple instruments.

Cryptocurrencies: BTC/USD

Bonds: German government bonds (EURBOBL, EURBUND, EURBUXL, EURSCHA)

Precious Metals: gold and silver

Contracts for Difference: Africa 40, Australian ASX 200, German DAX 30, France CAC 40, Hang Seng Index, India NSC Nifty 50, Nikkei 225, EuroStoxx50, NASDAQ 100, Dow Jones 30, S&P 500, Spot WTI crude oil

Forex – Forex pairs include 62+ options such as the AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, CAD/CHF, GBP/AUD, and dozens of others.

 

Bonuses

 

Unlike many other Forex brokerages in the UK, Tickmill offers a wide range of promotional deals. These include the Gold Miner IB Contest where clients stand a chance to win 20 x 1 ounce gold bars or $10,000 in prizes. Other offers include Traders of the Month where you can trade your way to a $1,000 prize, the Tickmill NFP Machine where cash prizes are up for grabs, and the $30 Welcome Account Bonus. It is rare to find a leading UK Forex brokerage offering new trader bonuses, Traders of the Month awards, or generous promotional contests.

 

Customer Support

 

Customer support is available in English, Indonesian, Russian, Spanish, Chinese, Polish, German, Italian, Vietnamese, Portuguese and other languages. Clients can get in touch with Tickmill support representatives for any number of technical, trading, registration, regulation, or compliance issues. The company telephone number and the office telephone number are the same: +44-0-20-3608-2100. Clients can also send snail mail to the company at the following address:

1 Fore Street

London, EC2Y 9 DT

UK

Tickmill LTD can be contacted at the following client support number: +852-5808-2921. The office telephone number is +248-434-7072. The email address in both cases is the following: [email protected]. Various other contact options are available on social media such as Facebook, Twitter, G +, YouTube, LinkedIn, and Russian social media sites. The FAQ section provides useful solutions to many client queries.

 

Safety

 

Safety is assured thanks to FCA regulation, FSA regulation, segregated trading accounts, multiple industry awards, and SSL encryption technology. The security of funds is further assured by the £50,000 FSCS (Financial Services Compensation Scheme) coverage. Since all client funds are maintained in segregated accounts, there is no risk of loss if the company declares bankruptcy or has judgments against it. Other safety and security measures include CySECs Investor Compensation Fund up to €20,000.

 

Ease of Use

 

Tickmill is an intuitive Forex brokerage that makes it easy for UK traders to select any of the 62 currency pairs available. There are multiple major, minor and exotic currency pairs available at this brokerage. The standard lot size is typically 100,000 currency units, and there are zero limit & stop levels (pips) on Forex trading activity. This makes it easy to use this brokerage. The registration process is smooth and easy to navigate.

 

Final Thoughts

 

Forex traders will benefit from the intuitive MetaTrader 4 platform on iOS, Android, Windows and Mac OS X systems. The WebTrader is a powerful tool to access the MT4 with no download required. The 80+ financial instruments available to clients is less than what one would typically expect from a leading brokerage, but sufficient to satisfy the needs of Forex traders.

Pros
  • 62+ currency pairs
  • Leverage of 1:500
  • Demo trading account
  • MetaTrader 4 and WebTrader
  • FSA, FCA and CySEC regulation
  • £30 new trader bonus
  • Low Minimum Account Balance for Classic and Pro Accounts
Cons
  • Relatively new brokerage
  • Leverage of 1:500 is unusually high for UK brokerages, so caution is advised
  • None of the leading UK brokerages offer welcome bonuses since it conflicts with FCA regulation
Tickmill Overview
Website: tickmill.com
Telephone: +44-0-20-3608-2100
Regulation: FCA, FSA, CySEC
Pairs offered: 62+ major, minor and exotic pairs
Minimum Deposit: $25
Spreads From: 1.6 PIPs
Max Leverage: 500:1
Markets: indices, currencies, commodities, bonds, CFDs, stocks
Deposit Options
Pros
  • 62+ currency pairs
  • Leverage of 1:500
  • Demo trading account
  • MetaTrader 4 and WebTrader
  • FSA, FCA and CySEC regulation
  • £30 new trader bonus
  • Low Minimum Account Balance for Classic and Pro Accounts
Cons
  • Relatively new brokerage
  • Leverage of 1:500 is unusually high for UK brokerages, so caution is advised
  • None of the leading UK brokerages offer welcome bonuses since it conflicts with FCA regulation