Tickmill Review – is Tickmill Scam or Legit Broker?

Tickmill

2.9

Rating

2.9/5

Pros

  • 62 currency pairs
  • FSA, FCA and CySEC law
  • MetaTrader 4 along with WebTrader
  • Leverage of 1:500
  • Demo trading account

Cons

  • Leverage of 1:500 is remarkably high for UK brokerages, therefore care is advised
  • Relatively new brokerage
  • None of those Top UK brokerages Provide welcome bonuses after all it fights with FCA law

Tickmill presents intuitive Forex trading solutions to UK customers. As perhaps one of the very renowned brand new Forex platforms Tickmill boasts millions of rewards from leading industry governments like Global Brands Magazine, and also the Chinese Forex Expo. This internet trading brokerage maintains the maximum security and safety standards for customers, with tempered accounts, full policy up to 50,000 under the Financial Services Compensation Scheme, and also cross-platform, multi-device functionality.

Overview/ desktop

Tickmill takes pride in its own fully licensed and regulated trading platform. UK customers may enjoy whole FCA (Financial Conduct Authority) licensing, along with Cypress Securities and Exchange Commission (CySEC) regulation. This Forex broker can also be accredited by the Financial Services Authority of the Seychelles (FSA). Customers may enjoy an exceptional trading experience using MetaTrader 4 to Windows, OSX, WebTrader, Android, along with iOS apparatus. Tickmill is owned and operated by Tickmill UK Limited and registered in England & Wales. The business registration number is 09592225. It’s founded in London, with the subsequent FCA enrollment #717270. Customers are needed to be partially 18 decades old to relish Forex trading services in this brokerage.

Account Types

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

Features of this 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 this Pro Account:

  • Minimum Deposit of 25
  • Spreads from 0.0 Pips
  • Leverage 1:500
  • Minimum Lots 0.01
  • Commissions of two per side for every 100,000 traded
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Features of this VIP accounts:

  • 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 each aspect for every 100,000 Traded

Additionally, Tickmill offers customers full usage of Islamic accounts, and demonstration accounts around every one of the account types.

Trading Platform/ applications

Tickmill provides all its Forex trading services in MetaTrader 4. This stage was fully customised to supply the maximum personal trading experience for most customers. Together with MetaTrader 4, customers obtain to relish expert advisers, micro heaps, no tight suits, and also contracts for a gap on a vast array of tools including products, indices, assets, and even money pairs. MetaTrader 4 is currently available for Windows, OS X, WebTrader, Android, along with iOS. Customers may certainly download their favorite edition of MetaTrader 4 guide from the site.

The trading platform additionally comprises WebTrader. Using WebTrader, customers obtain to trade Forex immediately, direct their browser off. The profits of employing this MetaTrader 4 Web trading platform incorporates these: 100% secure and safe Forex trades, 1-click trading functionality, each of the advantages of MetaTrader 4 straight your browser off, along with prompt access to your world wide marketplace of trading options out of any desktop apparatus. One of the other characteristics of WebTrader is realtime quotes, 9 graph time-frames, basic analytical items, and also customisable cost calculating features.

Deposit options

Deposit options come with a thorough assortment of payment procedures. These generally include bank transfer (Barclays), Visa, MasterCard, Skrill, Neteller, Fasapay, UnionPay, Dotpay, Qiwi wallet and NganLuong.vn. Typically, the deposit is 25 (bank transfer, charge card, Skrill, Neteller, Fasapay), however, it might change in 1 deposit option to this following.commissions on deposits over $5,000 are insured by the brokerage to get bank transfers, also there are not any commissions on some additional deposit procedures. There aren’t any commissions online withdrawals. Deposits are processed immediately for some options, and concessions are processed within one business day.

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Markets

The selection of financial tools open to traders in Tickmill comprises cryptocurrencies, bonds, gold and silver coins, CFDs, and Forex. Within each of the broad types are many tools.

Cryptocurrencies: BTC/USD

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

Precious Metals: silver and gold

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 petroleum

Forex – Forex pairs comprise 62 options like the AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, CAD/CHF, GBP/AUD, along with heaps of others.

Bonuses

Unlike lots of additional Forex brokerages while in the UK, Tickmill provides a vast assortment of promotional deals. Included in these are the Gold Miner IB Contest where customers stand an opportunity to acquire 20 x one oz gold bars or 10,000 in prizes. Other supplies comprise Traders of this Month where it is possible to trade your path to a $1000 prize, the Tickmill NFP Machine where cash awards are shared, and also the 30 Welcome Account Bonus. It’s rare to obtain a top UK Forex brokerage offering fresh trader bonuses, Traders of the Month awards, or even ample promotional competitions.

Customer Support

Customer service is available from English, Indonesian, Russian, Spanish, Chinese, Polish, German, Italian, Vietnamese, Portuguese and other languages. Customers might obtain in contact with Tickmill service agents for any range of trading, technical, registration, regulation, or compliance problems. The business cell phone number and any office telephone number would be the similarly: 44-0-20-3608-2100. Customers may send unsolicited email into the business at another address:

1 Fore Street

London, EC2Y 9 DT

UK

Tickmill LTD could be reached at the next customer service number: 852-5808-2921. Work phone is 248-434-7072. The current email in the cases may be the following: [emailprotected]. Many other contact options are offered on social-media like Facebook, Twitter, YouTube, LinkedIn, along with Russian social media internet sites. The FAQ section offers useful methods to a lot of client questions.

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Safety

Safety is ensured as a result of FCA law, FSA regulation, segregated trading balances, multiple industry awards, along with SSL encryption technology. The security of capital will be further ensured by the 50,000 FSCS (Financial Services Compensation Scheme) policy. Considering all client funds have been kept in segregated accounts, there’s not any probability of loss when the organization declares bankruptcy or gets conclusions against it. Other security and protection measures incorporate CySECs Investor Compensation Fund as much as 20,000.

Ease of Use

Tickmill is an instinctive Forex brokerage which makes it simple for both UK traders to choose the 62 money pairs out there. There are many major, exotic and minor money pairs available only at that brokerage. The normal lot size is on average 100,000 currency components, also you can find not any limitation & prevent levels (pips) on Forex trading actions. This may make it straightforward to utilize this brokerage. The enrollment method is smooth and simple to browse.

Final Thoughts

Forex traders will profit from the instinctive MetaTrader 4 stage on iOS, Android, Windows and Mac OS X platforms. The WebTrader is a potent tool to get into the MT4 without download required. Even the 80 monetary tools available to customers is significantly less than that which you’d ordinarily expect from the major brokerage, but adequate to meet the requirements Forex traders.

Internet Site:
tickmill.com
Telephone:
44-0-20-3608-2100
Legislation:
FCA, FSA, CySEC
Pairs provided:
62 major, small and exotic pairs
Minimum Deposit:
$25
Spreads From:
1.6 PIPs
Max Leverage:
500:1
Markets:
Indices, currencies, commodities, bonds, and CFDs, assets