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Tickmill Review 2024: Read Before You Trade

Table of Contents

tickmill review

Both platforms are offered as desktop and multi-terminal versions, while only MT4 is also offered in a mobile version. The Tickmill Pro account grants a competitive trading environment. Yes, Tickmill is a trustworthy broker as it is regulated under MiFID and authorized by the Financial Conduct Authority in the U.K. Additionally, Tickmill’s trust score of 83, categorized it as “Trusted,” according to data from ForexBrokers.com. Asktraders is a free website that is supported by our advertising partners.

tickmill review

How do I open an account with Tickmill?

I recommend it to everyone, and a special hug to my account manager Brunno Huertas who has always served me with excellence. On classic accounts, the spreads start from 1.6 pips which is fairly high though the commissions are equal to zero. Tickmill, unfortunately, does not have a range of trading terminals and in fact, only MetaTrader 4 terminal is provided.

Currency Conversion Fees

All accounts are also offered swap-free for Muslim traders who must comply with Sharia law. It is nice to see that the broker caters for traders of all religious beliefs. However, you can find an Islamic account option with the majority of brokers nowadays. Unfortunately, at this time Tickmill do not offer any additional educational material.

tickmill review

What is the process for registering an account with Tickmill?

VPS hosting is provided in partnership with BeeksFX for a 20% discount on all packages. Most automated trading solutions benefit from the continuity of access to trade servers through a VPS. Similarly, the provision of only gold and silver fail to provide adequate commodity exposure, but should be more than adequate for new traders.

I like how they broker has 3 account types to cater for the needs of different traders. All accounts have over 84 trading instruments to trade including CFDs on over 60+ FX currency pairs, 15 stock indices, WTI, precious metals and bonds. The main difference https://traderoom.info/is-tickmill-a-brokerage-we-can-rely-on/ between the accounts are the spreads, commissions and minimum deposit requirement. Accordingly, investors have embraced this model of service, with over 130 million trades executed in 2018 alone across more than 200,000 registered accounts.

  1. Overall, Tickmill can be summarised as a trustworthy and highly regulated online Forex and CFD brokerage that is committed to cost-effectiveness with access to tight spreads and a low commission structure.
  2. Tickmill Asia applies for clients in Malaysia, all clients outside Tickmill subsidiaries that have FCA, CySEC, LFSA and FSCA regulation will have FSA regulation.
  3. Generally speaking, we would always recommend that you try out a website before committing any funds to the platform.
  4. You should consider whether you can afford to take the high risk of losing your money.

Other trading platforms

tickmill review

The Classic Account is the same as the Standard account that many brokers offer. To open a classic account, you will require a minimum deposit of $100. The Classic Account is more suitable https://traderoom.info/ for beginner traders with little experience. Tickmill do offer a FIX API connection to private and institutional clients who maintain a minimum account balance of $500,000.

The broker lets you trade CFDs on gold and silver against the US dollar with competitive spreads. I think this is an excellent tool for automated analysis based on your own customised strategies. It can literally save you from hours of scanning charts and can perform a combination of analysis that it would be completely unrealistic to do manually.

The Tickmill group is regulated in some of the world’s most reputable financial jurisdictions, including CySEC, FCA, FSA, FSCA, and Labuan FSA. High demand usually results in an increase in fraudulent practices and scams. This means you will need to be extra vigilant when choosing a broker, ensuring it is safe, and regulated by the concerned authority. Ironically, COVID-19 has re-energized the forex market like nothing we’ve seen in years. Deeply negative, real interest rates in the U.S., and a recovering global economy is making way for a sustained U.S.

If you are located in Australia, you’re better off considering the top forex brokers in Australia. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.

The information contained in these sections is generally of a very high quality, and it is clear that Tickmill has put a lot of effort into carefully curating the answers it provides. This Tickmill review rates both the broker’s website and platform as highly usable. MT4 is the industry standard, and there are numerous online tutorials available for those who need help getting started, together with Tickmill’s own tutorials. Generally speaking, however, you shouldn’t run into too many difficulties using the Tickmill website or the Tickmill MT4 platform, as both have been designed with usability in mind.

Information about the Tickmill UK rates and spreads for stock indices and other assets are easily accessed via the Tickmill website and should be reviewed before signing up to the platform. As you review the Tickmill CFD offerings, you will notice that most assets available via the broker come in the form of CFDs. The average execution speed of 0.20 seconds is the same in a Tickmill CFD review as it is with other assets from the broker. The only reason Tickmill doesn’t receive a perfect rating for customer service is that the live chat is unavailable on weekends.

Get daily reports of the technical outlook of various markets prior to the opening of the London, New York & Tokyo trading sessions. One of the two eBooks offered is largely promotional and lacks educational value. Tickmill Prime is a promising feature but is geared only towards institutional clients.

If you find that your country is not accepted, please feel free to browse our broker reviews for an alternative option. They are regulated in multiple jurisdictions which means that there are rules they must comply with in order to protect investors. The eligible protection will depend on which entity of the broker that you open an account with.

These can be used to help improve your trading environment, market analysis and strategies. That being said, I do think the MT4 platform should have more than enough tools to meet most of your demands. You can also improve the platforms capabilities with a plethora of additional tools available in the MQL marketplace which you can access directly through the platform. You will also find lots of free and paid MT4 tools online and can even build your own using the MQL editor which you can also access from within the platform. The broker holds client funds in segregated accounts with trusted financial institutions for protection and to ensure that the funds cannot be used for any other purpose such as business running costs.

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