Tickmill Review Grinding the markets down, tick-by-tick ..

A trader may request to switch a Classic, Pro, or VIP account to a swap-free account, and the customer support team will ideally process the request within 1 business day. Most traders prefer brokers that offer more than one type of account, this also helps the broker attract different classes of traders. Tickmill’s account options are suitable for beginners and professionals. Many traders are getting involved in crypto trading, it is one of the fastest-growing financial markets due to the huge valuations put on most cryptocurrencies. Bitcoin is the first cryptocurrency introduced, and it has achieved a growth of more than 4,000% since its inception.

For the opening of a CFD trade, you do not buy directly the underlying asset, but only the contract to that value. This has several advantages because you can act with a high level of leverage and very easily place short trades. The broker rounds off the offering with CFDs on stock indices, commodities, precious metals, and bonds. Some commodities like oil, gold, and silver are offered to trade with Tickmill.

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On the next page of the registration, you will need to insert info about your address, zip code, nationality, and tax ID. Make sure that you insert the right information in these fields because you will be asked to provide proof in the next step. After you click on “Create Account” on the top navigation bar of the broker’s website, you will be redirected to the registration application page. Ideally, it takes just 3 minutes to get your account registered. Yes, Tickmill is safe and legit, they have been in business since 2014, are regulated in multiple jurisdictions and have over 300,000 active customers.

From our experience, it is not worth the classic account to open because the fees are accordingly higher than in the Pro account. In the following text, we will inform you about the terms of each account. This is a proven worldwide trading platform for private and professional traders. The platform is available for the browser (Web), desktop (download), Android (app), and iOS (app).

Our verdict on Tickmill

Tickmill operates through multiple entities, including Tickmill Ltd., Tickmill Europe Ltd., and Tickmill South Africa (Pty) Ltd. As a broker founded in 2014 and regulated by five different jurisdictions, including the Financial Conduct Authority in the U.K., we know that Tickmill is doing something right. That’s why there are over 160,000 clients trading with the broker.

• Tickmill is super competitive in terms of its trading fees and spreads.
• Three calculators allow manual traders to compute margin requirements and pip values.
• Please note that some methods may only be available to specific countries.
• Trading conditions, therefore, need to be balanced accordingly.
• The MT4 multi-account terminal supports entry-level account management.

Check out the current account balance requirements at Tickmill in our What is the minimum account balance at Tickmill article. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. You can find assets grouped into various categories, but we missed the usual search function where you can type in the name of an asset manually. You can only withdraw money to accounts that are in your name. We really appreciate you being a satisfied client and helping to share the word about us.

Deposit & Withdrawal Methods

Tickmill makes it easy for traders to use their mobile devices and manage their funds. MetaTrader 4 can be downloaded on any Android or iOS device where you can have access to every chart you would see using the desktop trading terminal. If the inactivity period lasts 60 days, the broker will transfer any funds in the trading account to the wallet, and archive the trading account.

Many customers have left positive reviews, praising the broker for their transparency, competitive spreads, and fast execution speeds. Some customers have also mentioned the helpfulness and professionalism of the customer support team, which is available 24/5 via phone, email, and live chat. The Tickmill blog is comprised of eleven experts who provide research and market commentary to traders. It is divided into Market Insight, Fund Analysis (referring to fundamental analysis), Tech Analysis (referencing technical analysis), and Articles. We found this offering especially refreshing during our Tickmill review, especially since many brokers neglect education entirely.

Demo account

Additionally, Tickmill’s demo account allows traders to test their strategies and trading skills before investing real money. Tickmill Europe Ltd is a licensed broker and is regulated by the UK FCA, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority of Seychelles. Trading CFDs, or instruments from any other asset class like indices, forex, commodities, bonds on the MT4 platform is possible through three main types Pro, Classic, and VIP Account. It has taken care of the preferences and requirements of beginners, and in order to support them, it offers demo trading and Islamic swap-free accounts. Moreover, there are commission-free trading accounts made available by it.

• Tickmill is an award-winning and trustworthy broker that relies heavily on industry-standard platforms to enable fast execution.
• They have multi-jurisdiction regulation which means that I can focus on my trading whilst there is a very approachable support team if needed.
• For accessing the demo mode, the broker does not ask for any deposit amount or verification.
• Tickmill also adds commission fees on behalf of the forex brokers to the trade through the Pro Account.
• Tickmill knows what traders want particularly well since the management team has trading experience stretching all the way back to the 1980s.

You can select the support language that you wish from the +15 languages available, and it shows you which language is online/offline at the moment so you know what to expect. The live chat team is very responsive, you will be met first with an automated bot, which provides valid solutions, or it will redirect you to the available support agent if need be. Tickmill lists all the contact details for two of their branches https://traderoom.info/just2trade-forex-broker-overview/ in Malaysia and Seychelles, including exact addresses, working hours, and telephone numbers. There are several offers and promotions available for every user, which allows traders to receive cash rewards of up to $1,000 based on their trading performance, or simply based on their luck. Tickmill is trusted by many traders not only for its legitimacy and reliability but also for the several promotions the broker offers.

The Accounts offer competitive prices and the prevalent spreads for lucrative trading in assets. Most of the forex traders of the regulated forum prefer using Pro for the low rate of commission fee. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.