TickMill Review

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Who are TickMill?

Tickmill Ltd have been operating since 2014 and have the headquarter in the Republic of Seychelles. They are an FSA (Seychelles) authorised broker and are also regulated by the Financial Conduct Authority in the UK. You can trade forex with TickMill and have 62 currency pairs available plus Gold and Silver. TickMill place all clients funds in segregated bank accounts with tier-1 banks so that those money are keep separated from company and are secured.

In order to open a real account you only need a deposit of £25 but you can also open a free demo account with TickMill. This will help you familiarise with this online broker specifics and also test with your hands their products.

How good are TickMill trading platforms & spreads?

When you sign up with TickMill you have the opportunity to choose between two accounts. In their Classic account the minimum deposit is £25 while spreads are variable and are starting from 1.2 pip. If you decided to go for their Exchange account than you will have to make a deposit of $300: this is an ECN account that have no spreads. The leverage is 1:500 which means that traders can trade as high as $100,000 (1 lot) worth of currency with just $200 in their account. As mentioned all clients funds are kept separated and segregated from company’s money. In addition TickMill also give you the opportunity to open a Corporate Account.

TickMill Trading Platforms

TickMill provide to traders the popular MetaTrader4 trading platform that has real time prices and market conditions directly on your computer. This trading platform works well with both a Windows-based PC’s and with Macs that have Windows emulator installed. You can also download their mobile version for smartphones and tablets and use MT4 on the go.

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What are TickMill’s features?

Tickmill is a very high-tech Forex broker. They have invested heavily to bring advance features in their trading platform and the design is well done and the navigation is intuitive. In the landing page you will clearly see the main features of the TickMill account: the initial deposit, the leverage the spreads and the micro-lots. Good news for traders is that spreads are low at TickMill and as an ECN broker you will have the opportunity to access directly to the market without any member fees. In this case the broker earns only from the commissions paid to him by the customer.

With an account at TickMill you will also have the opportunity to access a wide range of trading strategies. You can also do hedging with the one-click trader that can be downloaded very easily.

Another important Unique Selling Point for TickMill is that they offer the innovative Myfxbook’s Autotrade copy-trade platform: this product allow traders to copy trades of any system into their MT4 account. Traders can add or remove system at any time and there are no software to download. As a trader you also have the option to choose between different MetaTrader4 platforms and devices.

TickMill Trading Platform

How good is TickMill Customer Service?

TickMill customer service can be reached through live chat (available 07:00 – 20:00 GMT+0 from Monday to Friday), email Skype and phone. They provide support in several language like English, Chinese, Spanish, Russian and Indonesian. We have tested their agents and we were satisfied with their professionalisms and preparation. All our queries were resolved and the vast majority of those at the first contact.

Conclusion

TickMill are a trustable company and the fact that they are fully regulated by the FCA in the UK is a very strong point in that sense. They do have tight spreads and this is also a very good advantage when dealing with this online broker. Their customer service is in line with expectations. If you are looking to trade on forex TickMill should be in your shortlist as a broker. If you are not so keen on forex tough it is probably worth looking around a bit more. All in all a very good trustable brand despite they have been operating only since 2014.

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TickMill Key Information

  • Established: 2014
  • Regulation: Financial Conduct Authority, UK (FRN: 717270)
  • Min Initial Deposit: £25
  • Max Leverage: 1:500
  • Spreads: Variable from 1.2 pips

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Your capital is at risk

PROS

tickSegregated Clients Funds

tickEstablished in 2014

tickFully Regulated by FCA (UK)

tickMin deposit low from £25

CONS

ConsNot CySEC Regulated (see alternatives)

General Fees

  • Tickmill doesn’t charge inactivity fees
  • Tickmill doesn’t charge withdrawal fees

Overnight fees & swap rates 

  • The rollover fee for long positions on EUR/USD is -$6.94
  • The rollover fee for short positions on EUR/USD is $5.09

Commissions

  • Tickmill doesn’t charge commission on CFD shares

Trading Features

tickAllows scalping

tickAllows hedging

tickOffers STP

tickLow min deposit

Accounts Offered

tickDemo account

tickMini account

tickStandard account

tickZero spread account

tickECN account

tickIslamic account

Are you not sure? Why not opening a demo account to to try yourself!