A Complete Tickmill Review 2022 - Things That Might Excite to Trade

What's the story behind Tickmill？

Tickmill UK Ltd, the formal corporate name of the internet broker, has been based in London since 2015. This still-young company's mission is to provide individual investors and businesses throughout the globe with the chance to “realize their full potential.” The firm is also operated by traders, who have many years of expertise and can view things through the eyes of their consumers.

Tickmill's History

Tickmill opened its doors in August 2014 in Mahe, Seychelles. However, the business did not begin acting as an internet broker until January 2015.

Tickmill's headquarters were subsequently relocated to the British capital in 2016, and the online broker has been regulated by the British Financial Conduct Authority ever since (FCA).

Tickmill enhanced its product offering with CFDs on bonds in July 2017, introducing four CFDs on German government bonds. Only a few months later, the online broker launched cryptocurrencies and extended its product offering with bitcoin CFDs.

The building of a German-language website began in early 2019, and Tickmill's services have since been provided to interested traders in Germany.

Which honors can Tickmill brag about？

Tickmill, an online broker, has been able to significantly extend its variety of services in recent years. The media has acknowledged this as well, and Tickmill has been highlighted in the news in a good light on several occasions.

Tickmill is now able to brag about a slew of prizes. In this regard, the recently awarded “Best Trading Platform Provider” award from the FXDailyInfo Forex Brokers Awards 2019 is very noteworthy. They cited “superfast execution” and “unbeatable trading conditions” as reasons for this.

Tickmill, on the other hand, was a blockbuster at the UK Forex Awards in 2018, when it received the “Best Forex Execution Broker” title, the company's third in that year.

Deposit Insurance and Regulation

When it comes to choosing an appropriate online broker, it stands to reason that its regulation and protection of your money will always play a significant role. Tickmill is regulated by the British Financial Conduct Authority, as previously stated (FCA). Tickmill is also the parent company of Tickmill Europe Ltd, which is licensed and regulated by the Cyprus Securities and Exchange Commission as well (CySEC).

According to FCA laws, the online broker must keep customer money separate from the company's assets. Client deposits are consequently not available for use by the firm and are so shielded from creditors in the case of bankruptcy.

Tickmill is also a member of the Financial Services Compensation Scheme (FSCS), therefore customer money is fully covered up to GB£ 85,000.

Which markets are available for trading at Tickmill？

Tickmill provides traders and investors with a diverse variety of marketplaces to pick from. Trading is fundamentally feasible in the markets listed below.

Currencies

With 62 distinct currency pairings to select from, the Forex market can primarily be traded around the clock, five days a week (Majors, Minors, and exotics).

WTI and Stock Indices

Investors may also trade a variety of other index CFDs and oil. Tickmill provides 15 major worldwide stock indexes.

Metals of Great Value

Precious metals such as gold and silver have long piqued the interest of investors and dealers. Tickmill enables traders to bet on the movement of the gold and silver prices while diversifying their portfolios.

Bonds

Bonds have historically accounted for a significant portion of trading activity. Furthermore, they provide several alternative investment options.

Tickmill Provides which Platforms？

This section will go through the Online trading platforms offered in the Tickmill portfolio in further detail.

Tickmill, an online broker, basically provides its customers with two alternative trading platforms to pick from, both of which are accessible in a web version and as a mobile app for Android or Apple. More information about the platforms may be found below.

MetaTrader 4 (MT4)

MetaTrader 4 provides investors with a comprehensive and user-friendly platform that stands out for its ease of use. The integrated tools and functionalities are simple to use. There are many reasons why MetaTrader 4 is the most popular trading platform in the world.

Web-Trader

Aside from the MetaTrader 4 trading platform, there is also the “Web-Trader.” Web-Trader is the same MT4 platform, but it is accessible straight from the browser, without the need to download or install anything.

• Trading is now much more accessible than before since the platform can be accessed online with a single click. The advantages are as follows:

• The financial markets are quickly and easily accessible.

• The user interface is simple to use and is based on the MetaTrader 4 interface.

• Encryption is used to safeguard all sent data.

Tickmill Deposits and Withdrawals

Tickmill allows you to make deposits and withdrawals in a variety of ways. One distinguishing aspect is that all payment methods are essentially free of charge, thus there will be no extra commission fees paid for in- or out-payments. Higher deposits through bank transfer starting at US$ 5,000 are subject to their “Zero Fees Policy.”

This implies that Tickmill will pay all transaction costs up to a maximum of US$ 100.00. All you have to do to have the remittance charge returned is provide the relevant account statement. Here's a quick rundown of the deposit and withdrawal choices.

Tickmill's Tools

Tickmill, the online broker, is also differentiated by a large variety of handy features. These are intended to help investors with their trading and the development of trading techniques. As a result, the different tools at Tickmill are listed briefly below, along with a short description of their roles.

Autochartist

“Autochartist” is a flexible analytical tool that provides a wealth of data, significant charts, and FX price movements. The program analyzes the relevant markets and filters out pertinent data so that investors may reply as rapidly as feasible. It is also free for traders who have a live account. An overview of the tool's advantages is provided below.

• Savings in time

• Scanning during the day (notification of opportunities and important data)

• Forecasts

• material for research (articles and videos as educational material)

• MT4 is used.

• Customizable search results

Economic Calendar for Forex

Tickmill also has a “Forex Economic Calendar” that includes all significant business events and data. This calendar is constantly accessible, and it also indicates how relevant the most recent posted news is to the current market position.

Calculator for Foreign Exchange

Another useful feature is the “Forex Calculator,” which allows Tickmill customers to convert all currencies in seconds. It will also assist you in calculating the margin necessary to start a new position size (depending on the leverage). There is also a pip calculator for calculating the Pip value of deals, as well as a risk management approach.

Tickmill Virtual Private Server

“Tickmill VPS” is a solution created by Tickmill in collaboration with BeeksFX to provide clients with simple, location- and time-independent access to trading platforms. But what does it do？

VPS is an abbreviation for “Virtual Private Server,” which is a private server that is constantly online. As a result, your trading techniques may be executed continuously from your computer without any extra input.

However, there are some additional benefits for investors who use this tool:

• All deal bundles are discounted by 20%.

• Latencies are short.

• Server availability is guaranteed to be 100 percent.

• Very quick tool setup

• Live chat and email assistance are available 24 hours a day, seven days a week.

One-Button Trading (OCT)

The OCT (“one-click trading”) tool allows deals to be performed at substantially quicker rates since it just requires a single click, thus the name. This is especially true when no additional proof is required. The function may be used in a variety of contexts. The benefits of this instrument are self-evident.

Orders may be created in seconds with the press of a button.

With a simple click, you may easily close open positions (including hedging)

Profits and losses in pips are shown transparently.

Define the appropriate Stopping loss

StereoTrader

“StereoTrader's” principal goal is to make day trading, scalping, and intraday fluctuations more lucrative and less stressful for investors. The tool is completely compatible with the MetaTrader 4 platform and provides a wide variety of choices for furthering your strategy development. The most critical functions are outlined briefly below.

• Isolated Strategies

Diverse strategies may be managed in the same account at the same time, with no overlaps between orders and positions, for example.

• There are Four Trading Modes.

You may trade in four distinct modes using the tool: Stereo Future, Stereo Hedge, Single Hedge, and Single Net.

• Trading in the Past

StereoTrader provides a rich historical foundation of essential data that you may use to develop your strategy.

• Trading with a Single Click

Over 30 distinct actions may be performed with a single click, resulting in a significant increase in efficiency and speed.

• Types of Advanced Orders

The Order kinds included in StereoTrader offer very novel and one-of-a-kind functionality. (“market-if-touched” orders, “limit pullback” orders, “strategic” orders, and so on)

• Design for Today

Tickmill follows the “seamless concept,” which assures that no pop-ups occur during a transaction and that the user interface is not overlaid. This eliminates any interruption, allowing customers to concentrate only on their trade. Furthermore, the colors and forms of the design may be changed as desired.

Tickmill Account Types

Tickmill primarily provides its customers with three account kinds to choose from: “Classic,” “Pro,” and “VIP.” But, before we get into the specifics of how these account types vary, let's take a look at what they all have in common.

Tickmill provides 84 distinct trading products in total. Unlike many other online brokers, you may place “stop orders” and “limit orders” close to the market price here. As a result, the “stop levels” and “limit levels” for all three account types are zero.

In addition to the above, the base currencies in all three accounts are the same: USD, EUR, GBP, and PLN.

And now for the specifics on how the account kinds differ:

Traditional Account

The Classic Account allows you to trade in worldwide markets without incurring any fees. The accessible markets include CFDs on 62 currency pairs, 15 stock indexes, WTI, precious metals, and bonds. Another advantage of the Classic Account is that the raw market spreads are shown in the charts without any mark-up – that is, without price rises. The Classic Account's facts and numbers are listed below.

Trading conditions for the Classic Account:

• A Classic Account requires a minimum deposit of € 100.00.

• Spreads begin at 1.6 pip.

• Retail clients have a maximum leverage of 1:30.

• For professional clients, the maximum leverage is 1:500.

• Minimum lot size: 0.1

Account Pro

The “Pro Account” is differentiated primarily by its narrow spreads and cheap fees. It supports 62 currency pairings, 16 CFDs, gold, and silver trading.

Tickmill is one of the world's least priced online brokers in this regard, with a fee of $2 per side and lot. As a result, one lot of EUR/USD (€ 100,000) will only cost you € 4 in fees in turn.

Pro-Account Trading Terms:

• The Pro Account requires a minimum deposit of € 100.00.

• Spreads start as low as 0.0 pips.

• Retail clients have a maximum leverage of 1:30.

• For professional clients, the maximum leverage is 1:500.

• Minimum lot size: 0.1

Account VIP

Finally, some information on Tickmill's VIP Account model. The trading instruments are the same as in the Pro Account, but the fee is substantially cheaper here, at just US$ 1.00 per side and lot.

Trading Conditions for VIP Accounts:

• The VIP account requires a minimum deposit of € 50,000.

• Spreads begin as low as 0.0 pips.

• Retail clients have a maximum leverage of 1:30.

• For professional clients, the maximum leverage is 1:500.

• Minimum lot size: 0.1

Margins

The margins are always fairly simple to calculate using the above-mentioned forex calculator application. They are, however, dependent on the chosen leverage level: whereas leverage of 1:1 requires the whole down payment, leverage of 1:30 reduces it to a modest 3.33 percent.

Professional customers are granted leverages of up to 1:500, at which point the margin drops to 0.2 percent.

Tickmill's Demo Account

Tickmill's demo account is great for prospective investors who want to test their abilities and ideas without putting their money at risk before moving on to a full live account. One distinguishing aspect of this Demo account is that it may be used indefinitely without expiration. The account will only expire if it is not accessed for seven days in a row. It simply takes a few minutes to sign up for a sample account; all they ask for is basic information like your name, e-mail address, nationality, and phone number.

The Customer Support

This section discusses Tickmill's customer service. Their customer support is always accessible to answer any inquiries or address any other problems you may have, and they can be reached through e-mail or phone in over ten different languages. If you contact the online broker by e-mail, you will get a response within 24 hours. In addition, customer care is accessible via phone Monday through Friday, 7 a.m. to 8 p.m. GMT. You may also request that they call you back if necessary.

Tickmill Testimonials

When one considers the varied experiences and evaluations provided by customers in the past, one immediately finds that they are typically good. Even if there is still space for improvement in the selection of accessible CFDs, both rookie and expert investors have a wide choice to pick from.

Customer support has shown to be quite dependable and fast to reply with a suitably professional response in the past. Another advantage is the comparatively cheap minimum deposit of € 100.00. Their expense plan is open and transparent, giving potential investors rapid insight. Aside from that, their fees are quite modest in contrast to the rest of the world.

Meanwhile, the FSCS's broad protection of customer assets speaks for itself. Most broker testers' assessments of Tickmill seen online range from “excellent” to “very good.”.