Contents
- 1 TickMill Basics
- 2 Our Opinion About TickMill
- 3 Key Benefits
- 4 Regulation And Safety
- 5 TickMill: Legit Or Scam?
- 6 TickMill Trading Assets
- 7 TickMill Account Types
- 8 TickMill Registration – How To Register For An Account
- 9 TickMill Registration – How To Verify An Account
- 10 TickMill Bonuses
- 11 TickMill Deposits & Withdrawals
- 12 TickMill Trading Platforms
- 13 Trading Tools
- 14 Education And Research
- 15 Trading Hours
- 16 Tickmill Customer Support
- 17 Our Verdict
- 18 TickMill Forex Broker Review – FAQs
TickMill Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA, DFSA, FSCA |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | VISA, MasterCard, Bank Wire, Skrill, Neteller, dotpay, PayPal, and Trustly. |
| 💳 Withdrawal Options | VISA, MasterCard, Bank Wire, Skrill, Neteller, dotpay, PayPal, and Trustly. |
| 📌Open an account | Start Trading with TickMill |
Our Opinion About TickMill
TickMill is one of the most popular forex brokers in Europe. First set up in 2014, they are an established online trading services provider and have more than 1,000,000+ clients worldwide. They are also a regulated forex broker with licences from some of the top financial authorities in the world, including CySEC. Tickmill has earned great reputation within the forex industry. They are also an award-winning company and well-known for offering a reliable online trading service.
In terms of their accounts, TickMill offers good connectivity, a secure trading environment, and robust client fund protection. They offer over 150 trading instruments including forex, shares, indices, and metals. They also offer highly competitive trading conditions. There are plenty of trading accounts to choose from and they all come with low spreads, low commissions, and fast trade execution. You can also choose from their two powerful trading platforms – MT4, and MT5.
Key Benefits
Regulation And Safety
TickMill is a licensed forex broker. TickMill is the trade name for a small group of businesses, that operate across different regions, and that work together under the same management. While this business model might seem a little complicated at first, it allows TickMill to obtain more regulatory licences and to offer its online trading services in more countries. As a group, TickMill has licences from many financial authorities including CySEC, the FCA, the LFSA, the FSCA, and the FSA-Seychelles.
Regulation In Europe
Traders in Europe can open a trading account with the CySEC-regulated company. TickMill abides by all European regulation and offers traders a high level of client fund protection. For example, traders in Europe can benefit from negative balance protection. They can also benefit other important security measures, such as segregated accounts. As such, TickMill are a reliable organisation and you can trust them to deliver a great service.
Industry Awards
Tickmill has won many industry prizes. Their most recent forex awards include:
- Best Forex Spreads 2023 (Ultimate Fintech Awards)
- Best Forex Spreads 2022 (Ultimate Fintech Awards)
- Best Forex Trading Experience 2023 (Global Forex Awards 2022)
- Best Trade Execution (Cairo Investment Expo CIE4)
TickMill: Legit Or Scam?
TickMill is a legit online broker. They are licensed by some of the strictest financial authorities in the world and operate under a high level of regulatory insight. In terms of their trading services, they have good trading accounts, fair pricing, and a large number of trading instruments. They also have low minimum deposits and low trading costs. In our opinion, they are a reliable forex broker.
TickMill Trading Assets
Tickmill offers a diverse range of trading products and insrruments. You can choose from forex, stocks, indices, energies, commodities, and bonds.
Trading Instruments
- Forex: They offer 62+ pairs, including majors, minors, and exotics.
- Indices: They offer 25+ CFD indices, including AUS200, UK100, US30, and US500.
- Metals: They offer 3 metals for trading, including gold and silver.
- Bonds: They offer 4 bonds for trading
- Cryptocurrencies: They offer 8 cryptos, including Bitcoin, Ethereum, and Litecoin.
TickMill Account Types
At Tickmill, there are four main account types, all of which come with good trading conditions and low trading costs. Besides the TickMill classic account that you can create, you also have the option to choose from other account types such as the Pro, VIP and Islamic swap-free accounts.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Classic | From 1.6 pips | $100 | 1:30 | $0 |
| Pro | From 0.0 pips | $100 | 1:30 | $2 per side |
| VIP | From 0.0 pips | $200 | 1:30 | $1 per side |
Best Accounts
In our opinion, the TickMill Classic account is their best trading account. It is a good choice for new forex traders in Europe. The trading costs are very low. For example, the spreads start from 1.6 pips, and there are no commission fees. It also has leverage of up to 1:30 on forex pairs. The minimum deposit is $100. The available base currencies are USD, EUR, GBP, PLN, and CHF.
Demo Accounts
In our opinion, the TickMill demo trading account is a helpful feature. With a demo account you can improve your trading knowledge and learn new trading strategies. You can get a feel for the forex market, how prices move, and what forex trading is really about. Demo accounts operate using virtual funds. This means that you can learn to trade in a risk-free environments. As such, they can be a very useful feature for new traders in Europe, especially if it’s your first time trading.
Islamic Accounts
All of the TickMill accounts are available as Islamic swap-free trading accounts, and you can choose this option when opening your online trading account.
TickMill Registration – How To Register For An Account
As part of our TickMill review, we looked at their online registration process. If you live in Kenya, then you are allowed to open an online trading account. The first step is to register online. This is so that TickMill can get some personal information and create your trading account. The next step is to take a short online quiz. This is so that TickMill can see what you know about online trading, and if their services are suitable for you. If you pass the quiz, the you can move on the final step of this process, which is account verification.
TickMill Registration – How To Verify An Account
As part of our TickMill review, we also looked at their account verification requirements. To open a live trading account you’ll need to show TickMill a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License. You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
TickMill Bonuses
Yes, Tickmill has a few different forex promotions. Their forex bonuses include a $30 welcome bonus, a Non-Farm Payroll prediction competition, and a Trader of the Month competition. Be sure to visit Tickmill’s website to read the full T&Cs for each forex bonus.
TickMill Deposits & Withdrawals
As part of our TickMill review, we had a look at their payment options. They have a nice range of deposit and withdrawal methods. You can choose traditional payment options like debit card, credit card, and bank wire. You can also choose from popular e-wallets like Skrill and Neteller. They also offer fast transaction times and low transaction fees, for added convenience.
TickMill Trading Platforms
When it comes to online trading platforms, TickMill has two options. These are MetaTrader4 and MetaTrader5. The platforms are free to download and you can use them on any device – including desktop, tablet, and mobile.
MetaTrader4 (MT4) is a nice choice for new forex traders. It has a simple design and is very easy to use. You can trade many different assets including forex, stocks, indices, and metals. The TickMill MT4 trading platform also has plenty of helpful trading tools, as well as 4 order execution types, 30 technical indicators, and 23 analytical objects.
MetaTrader5 (MT5) is a good choice for beginner forex traders. It has a nice design and comes with plenty of built-in features. You trade use it to trade many different things including forex, shares, metals, and commodities. The TickMill MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
Tickmill has a great range of trading tools. You can try using Autochartist, Myfxbook, PelicanTrading, a VPS service, an advanced trading toolkit, and a one-click trading plugin. However, it is worth keeping in mind though that not all of the trading tools are free.
Education And Research
As part of our TickMill review, we looked at their educational resources. They have many online articles and forex trading guides. They also have many free online tutorials. Their learning resources cover many important topics such as trading terminology, market analysis, trading strategies, and risk management. TickMill also occasionally runs in-person seminars where possible.
Trading Hours
TickMill operates during standard trading hours. You can trade forex whenever the forex market is open. Their trading hours may change slightly on public holidays.
Tickmill Customer Support
As part of our TickMill review, we looked at what customer support is available. Tickmill is always ready to help their traders and to answer any questions that they may have about their accounts. You can reach them via email, phone, or live chat.
Our Verdict
TickMill in Europe offers high quality trading services including great accounts, competitive pricing, and powerful trading platforms. It also offers excellent educational materials, great trading tools, and a high level of customer service. This makes TickMill a great choice for European traders – whether you’re just starting your journey in Forex or if you’re just looking to try a new broker!
TickMill Forex Broker Review – FAQs
TickMill is one of the most well-known forex brokers on the market. First established in 2014, it is now a large, international broker with over 1,000,000+ clients worldwide. They are a regulated forex company with licences from some of the most reputable regulatory authorities in the world. They have offices in Cyprus.
Yes, TickMill in Europe is a good broker. They have a nice selection of account types, all of which havelow trading costs. TickMill has many trading instruments including forex, stocks, indices, cryptocurrencies, metals, oil, gas, and other commodities. They also offer very good trading tools and excellent online resources.
Yes, TickMill in Europe is a legit forex broker. They are an international company that has won many awards in recognition of their services. In terms of their trading, they offer great accounts, competitive pricing, and cutting-edge platforms. Furthermore, TickMill has a good selection of payment methods and offers a fast, smooth withdrawal process. In our opinion, they are a legit forex broker.
Yes, TickMill is a regulated broker. The TickMill Group holds licences from a number of prestigious regulatory bodies including CySEC, the FCA, the LFSA, the FSCA, and the FSA-Seychelles. These licences and registrations enable TickMill to offer its services on a global scale, including in Europe.
Yes, TickMill is a safe forex broker. When it comes to fund safety, they choose to go beyond their basic regulatory requirements, and offer more comprehensive client fund protection measures. TickMill keeps all client funds in segregated accounts, separate from its operating capital. This means that they can never use client funds for their own operational purposes. In our opinion, TickMill is a safe company to trade with.
Yes, TickMill has good live accounts. At Tickmill, there are three real trading account types, all of which come with good trading conditions and low trading costs. Besides the TickMill Classic account that you can create, you also have the option to choose from other account types such as the Pro Account and the VIP Account.
Yes, TickMill is good for beginners. They have several affordable account options, all of which come with low trading costs and low minimum deposits. They also have a large selection of trading tools and educational resources. For example, European traders who want more help with their trading can choose to use TickMill’s trading videos. This will give them access to expert insights and increase their chances of trading profitably.
TickMill is one of the best forex brokers in the industry. They have great trading accounts with low trading costs. They also have a good range of trading instruments, trading platforms, and trading tools. However, if you want to look at alternative options, there are many great forex brokers as well. We recommend looking at Pepperstone, FXTM, FXPrimus, and FXPro.