Overview of Tickmill
Tickmill is a globally recognized forex and CFD broker that was established in 2014. It has built a reputation for offering low spreads, fast execution, and a trader-friendly environment. With its focus on professional traders and algorithmic trading, Tickmill stands out as a broker that provides institutional-grade trading conditions for retail clients.
Tickmill operates under multiple entities across the globe, serving clients in more than 200 countries. It has received multiple industry awards for its trading technology, competitive pricing, and customer service.
Tickmill Pros and Cons
- Less competitive fees on Classic account
Is Tickmill Regulated?
Regulation and Security
Tickmill is a highly regulated broker, ensuring compliance with stringent financial standards across multiple jurisdictions. It holds licenses from:
- Financial Conduct Authority (FCA) – UK (License No. 717270)
- Cyprus Securities and Exchange Commission (CySEC) – EU (License No. 278/15)
- Financial Services Authority (FSA) – Seychelles (License No. SD008)
- Labuan Financial Services Authority (LFSA) – Malaysia (License No. MB/18/0028)
- Financial Sector Conduct Authority (FSCA) – South Africa (License No. FSP 49464)
These regulations ensure that Tickmill follows strict industry standards, including segregated accounts, negative balance protection, and transparent trading conditions. Traders can feel secure knowing that Tickmill operates under financial authorities that enforce strong risk management and consumer protection policies.
Key Features of Tickmill
1. Trading Platforms
Tickmill offers a variety of trading platforms to cater to different trader preferences:
- MetaTrader 4 (MT4): A widely used platform known for its user-friendly interface and advanced charting tools.
- MetaTrader 5 (MT5): An upgraded version of MT4, offering additional features and improved performance.
- Tickmill Trader: A proprietary platform available as a mobile app and WebTrader, designed for seamless trading on the go. It offers features like over 60 technical indicators, custom watchlists, and biometric login.
2. Trading Instruments
Tickmill provides access to a wide range of financial instruments, including:
- Forex: Over 60 currency pairs, including major, minor, and exotic pairs.
- Stock Indices: Trade CFDs on major global indices.
- Commodities: Includes precious metals like gold and silver, as well as oil and soft commodities.
- Bonds: Access to government bonds from various countries.
- Cryptocurrencies: Trade popular cryptocurrencies with leverage up to 1:200, zero swaps for the first 5 days, and no commissions.
- Stocks: CFDs on individual stocks of renowned companies, including Apple, Amazon, Goldman Sachs, Nike, and McDonald’s.
3. Spreads, Leverage, and Fees
- Spreads: Starting from 0.0 pips on Raw accounts.
- Leverage: Up to 1:1000, depending on the instrument and account type.
- Commission:
- Raw Account: $3 per lot per side.
- Classic Account: Commission-free with slightly wider spreads.
Tickmill is known for offering some of the lowest trading costs in the industry, particularly for professional traders and scalpers.
4. Account Types
Tickmill offers two main account types:
- Classic Account: No commissions but slightly wider spreads.
- Raw Account: Tighter spreads with a low commission per trade.
Both accounts support all trading strategies, including hedging, scalping, and the use of Expert Advisors (EAs). Additionally, Tickmill offers Islamic (swap-free) accounts for traders who require them.
5. Deposit and Withdrawal Methods
Tickmill provides a range of secure and convenient deposit and withdrawal options, including:
- Bank transfers
- Credit/Debit cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, PayPal, UnionPay)
- Crypto Payments (availability may vary by region)
Deposits starting from $5,000 or equivalent, processed in one transaction by bank wire transfer, are included in their Zero Fees Policy. funds.
Tickmill vs. Competitors
| Feature | Tickmill | Pepperstone | IC Markets | FP Markets |
|---|---|---|---|---|
| Regulation | FCA, CySEC, FSA, FSCA | ASIC, FCA, CySEC | ASIC, CySEC | ASIC, CySEC |
| Leverage | Up to 1:1000 | Up to 1:400 | Up to 1:500 | Up to 1:500 |
| Spreads | Low | Low | Low | Very Low |
| Platforms | MT4, MT5, Tickmill Trader | MT4, MT5, cTrader | MT4, MT5, cTrader | MT4, MT5 |
This table highlights how Tickmill competes with top-tier brokers by offering low spreads, high leverage (up to 1:1000), and strong regulation, making it a solid choice for experienced traders looking for cost-effective trading conditions. Unlike some competitors, Tickmill also provides copy trading options, which is an advantage for traders who prefer to follow professional strategies.
Final Verdict: Is Tickmill a Good Broker?
Tickmill is an excellent choice for professional traders looking for tight spreads, low commissions, and high-speed execution. It is particularly well-suited for scalpers, algorithmic traders, and copy traders who want to benefit from competitive fees and institutional-grade conditions.
Recommendation:
- Best for: Advanced traders, scalpers, algorithmic traders, and copy traders.
Tickmill
Raw Spreads from 0.0 Pips – No Requotes
Enjoy ultra-tight spreads, fast execution, and deep liquidity with Tickmill’s Raw ECN pricing. Whether scalping or swing trading, get the best trading conditions with no requotes or delays.
Frequently Asked Questions (FAQ)
1. Is Tickmill a good broker?
Yes, Tickmill is highly rated for low spreads, strong regulation, and a trader-friendly environment. It offers fast execution speeds, advanced trading tools, and a cost-effective trading experience, making it ideal for both retail and professional traders.
2. Is Tickmill regulated?
Yes, Tickmill is regulated by FCA (UK), CySEC (EU), FSCA (South Africa), FSA (Seychelles), and other financial authorities. These regulations ensure client fund protection, transparency, and strict compliance with financial laws.
3. What is the maximum leverage for Tickmill?
Tickmill offers up to 1:1000 leverage for global clients, depending on the instrument and regulatory restrictions. This high leverage option is beneficial for experienced traders who understand risk management and want to maximize their market exposure.
4. Does Tickmill support copy trading?
Yes, Tickmill provides copy trading services, allowing traders to follow and replicate professional traders’ strategies automatically. This feature is ideal for beginners who prefer to learn from experienced traders while earning profits.
5. What is the minimum deposit for Tickmill?
The minimum deposit at Tickmill is $100, which is relatively low compared to other top brokers. This allows traders with smaller capital to access professional-grade trading conditions.
6. Does Tickmill support cryptocurrency trading?
Tickmill offers limited cryptocurrency CFDs, including Bitcoin and Ethereum. However, it does not provide as many crypto trading pairs as some competitors.
7. Does Tickmill charge withdrawal fees?
No, Tickmill does not charge deposit or withdrawal fees for most payment methods. However, traders should check with their payment providers, as banks or third-party services may impose their own fees.
8. What trading platforms does Tickmill offer?
Tickmill supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader. These platforms provide advanced charting tools, fast execution, and automated trading capabilities for both manual and algorithmic traders.
9. Is Tickmill good for scalping?
Yes, Tickmill is one of the best brokers for scalping and high-frequency trading. It offers low spreads, fast execution speeds, and no restrictions on scalping strategies, making it a great choice for traders who need rapid order execution.
10. Does Tickmill offer a demo account?
Yes, Tickmill provides a free demo account for traders who want to practice their strategies and test the platform before trading with real funds. This is especially useful for beginners or those testing new trading approaches.
Tickmill Details
