|Review:||Regulation:||Min. Deposit:||Forex Pairs:||Spreads:|
|(5 / 5)||FCA (UK), CySEC (EU), FSA (SE)||100$||50+||0.0 Pips + 1$ Commission per 1 Lot|
Are you looking for real experiences and a critical test to the Tickmill broker? – Then you are exactly right on this page. As a trader with more than 5 years of experience in the financial markets, I have tested the provider in detail for you with real money. Learn more about the conditions and seriousness of the broker. Is it really worth it to invest in Tickmill money or not? – Inform yourself in detail now.
What is Tickmill? – The company presented
Tickmill is an international broker for trading derivatives financial Forex and CFDs. The main headquarters are located in London: 1 Fore Street, London EC2Y 9DT, United Kingdom. For many years, the company has proven itself to offer traders professional trading on the best terms.
According to the website, Tickmill should provide an excellent trading experience with the cheapest spreads and commissions, which I will take a closer look at in the following test. Furthermore, the broker shines with many different awards in the industry and allows his traders to pursue any trading strategies.
Facts about Tickmill:
- Brokers from Great Britain (London)
- Made by traders for traders
- Specialized in forex trading with special conditions and lowest spreads
- Worldwide branches in different languages
(Note: Get 5% spread rebate with the code: IBU13836682)
Is Tickmill a regulated Forex Broker?
Regulations and licenses are important for traders and brokers so that a trusting relationship can be created. When a broker applies for a license, certain criteria and requirements must be met. A violation of the policy means in most cases a direct loss of the license.
Tickmill is even regulated several times. The broker has licenses from the FCA (UK), CySEC (Cyprus) and FSA (Seychelles). It gives me a positive direct impression. German traders trade under the English license (FCA), which brings further benefits.
The safety of customer funds
The security of client funds should be given to a trusted broker. In online investments, trust in a broker is very important. Many smaller brokers with no license and experience sometimes handle money incorrectly. In order to avoid such a fraud, one should pay attention to certain criteria in broker selection.
Tickmill insures client funds separately from corporate funds to manage. For this purpose, the Barclays Bank is used, which operates internationally and is always liquid. In addition, client funds will be protected in the unlikely event of a bankruptcy or financial dilemma of Tickmill with the Financial Services Compensation Scheme (FSCS) of up to £ 50,000! This is a very high value compared to other brokers, which usually have no deposit guarantee or a smaller one.
Regulation and safety:
- Regulated by FCA, CySEC, and FSA
- Customer funds are managed by Barclays Bank
- High deposit guarantee of 50.000 GBP
- Safe website communication
Review of the Tickmill conditions for traders
Tickmill is a true NDD broker (Non-Dealing Desk) with well-known liquidity providers. It is traded here with excluded conflict of interest between broker and customer. This is a big advantage as it is not a market maker.
There are more than 84 instruments available on the market. The broker is constantly trying to expand its offer and, for example, integrate new assets such as Bitcoin. The offer is quite manageable and the Tickmill tries to specialize with its offer on currencies (Forex). CFDs (Contracts for Difference) are also available for commodities, government bonds or stock indices. Individual shares cannot be traded on this broker, so here’s a small smear in the rating must be made.
Tickmill is characterized by its extremely tight spreads and low commission. I have compared many providers in recent years and Tickmill is and remains the cheapest. The typical spread in the EUR/USD is only 0.00 – 0.01 pips small and the commission is a maximum of $ 2 per traded $ 100,000 (1 lot) in the pro account. Traders with higher deposits can even benefit from even smaller commissions ($ 1).
In addition, there are no requotes, as it is a true Forex Broker. This means you will always be able to open and close a position for the next best price in the market. The liquidity is always given by the various liquidity providers and the slippage is also very low on business news.
- Very low spreads starting at 0.0 pips
- The extreme low commission in Pro and VIP account is a huge advantage
- Pay only 2$ (Pro) or 1$ (VIP) commission per 1 lot traded
- Fast execution and high liquidity
- More than 50 Forex pairs
- Max. leverage of 1:500
(Note: Get 5% spread rebate with the code: IBU13836682)
Tickmill Platform Test 2019
As a trading platform, the MetaTrader 4 is offered to you. This is a proven and worldwide trading platform for private and professional traders. The platform is available for the browser (Web), desktop (download), Android (app) and iOS (app). With the MetaTrader, you can easily and flexibly access the markets of Tickmill from anywhere in the world.
The Metatrader is perfect for any trader who wants to earn sustainable money in the markets. Even with small capital can be traded, because there are micro lots available. In addition, there is always a guaranteed execution at Tickmill and no partial execution.
Professional charting and analysis
A trading platform should be user-friendly and flexible. This can offer the Metatrader. Several chart settings for the technical analysis are adjustable. Use the well-known candlesticks for an even better analysis of the markets. Tickmill also provides educational tutorials for beginners.
In addition, use free indicators, which are adjustable for your personal strategy. The Metatrader comes with a lot of tools after installation. If you do not have enough, you can add additional tools to Metatrader 4. Use self-programmed indicators for every chart.
Facts about the platform:
- Flexible and user-friendly trading platform
- Available for every device
- Free indicators
- Very many different analysis tools
- Automated trading possible
How do Forex and CFD Trading work?
Forex is the largest market worldwide. Daily several trillions of dollars are being transacted in this market. That is why it is also highly liquid and interesting for beginners and experienced traders. Tickmill offers over 60 different currency pairs. Including many currencies from emerging markets. This is a huge advantage for those who are looking for an exotic currency pair for trading. For currencies, you can bet on falling or rising prices. Buy one currency and sell the other currency from the currency pair. The difference in the price is well written as profit.
CFDs are also offered. They are leveraged derivatives that can be traded on a variety of values. 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.
Bet on falling or rising prices and secure the position with a stop loss and take profit. These are limits that automatically close your position. Since the calculation is sometimes confusing, Tickmill offers a forex calculator. With this calculator, you can determine your risk and the position size in just a few seconds.
Tickmill offers fast order execution and high liquidity
Tickmill has several data and data centers around the world. In Metatrader 4 you can choose the best access (server) for you. The broker is also characterized by its low latency. With the connection to the live server in London I have a latency of under 30 Ms. If that is still too slow, you can rent a VPS server.
Personally, I had no problems with the order execution. The website also emphasizes that there are no requotes. Even with large position sizes 30 Lot + can be traded easily. You always get a direct and immediate execution at the best prices.
Tickmill is a non-dealing desk broker, which has a similarity to an ECN broker. The difference between NDD and ECN is that the broker still sits between the market and clients. An obligation to pay additional funds can be excluded.
Use a VPS-Server for the best connection
The provider allows any strategies and automatic programs. Expert Advisors (EAs) can run 24 hours a day automatically through a VPS server at Tickmill. The latency is very low and the price from $ 22 a month too.
- The best choice for automatic programs
- Low latency
- Cheap fees (22$ per month)
Tickmill automatic trading is possible
Tickmill allows every strategy and also automated programs. As mentioned above you can rent a VPS server very cheap. In connection with the Metatrader 4 it works without problems and the setup is very simple. Program automatic programs for your trading or use provided trading systems. Today, more than 50% of the order executions are made automatically in the Forex market.
Here you can see again that Tickmill is a serious NDD broker. Dubious brokers forbid strategies or automatic programs. In addition, Tickmill has no limit for stop-loss and take-profit brands. So it can be traded very small movements. Due to the low fees, it is worthwhile to scalping and day trading.
How to open your free Tickmill account:
Another plus point for Tickmill is the simple depot opening. According to the website, you need a maximum of 3 minutes for this and I can confirm this personally. Fill in the form with your personal data. Then you get direct access to the customer portal of Tickmill. In addition, your email must be confirmed.
After that, the account has to be verified. Thanks to the strong regulations, brokers are not allowed to pay out to unverified customers. Even after the first deposit, the account must be verified urgently. Since my account is a bit older, I can not tell you whether a deposit without verification is possible.
For verification, it is sufficient to upload your ID and proof of address. The broker confirms the documents within 24 hours (weekdays). For even faster verification, contact support and say that your documents have been uploaded. Then you have access to the full functions of the trading account.
Unlimited Demo Account for beginners at Tickmill
The free demo account of Tickmill is perfect for beginners or experienced traders. It is unlimited and without expiration time. Traders can trade the markets with virtual assets and simulate real trading. Experienced traders learn new strategies or test new markets. For the demo account, no deposit or verification is necessary.
(Note: Get 5% spread rebate with the code: IBU13836682)
3 different account types – Which one you should choose?
Tickmill offers 3 types of account for traders. Interesting for me is only the Pro and VIP account. From my 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, I will inform you about the terms of each account.
As described above, the fees are sensationally low. Read the table below for more details. The Pro Accounts Commission is only $ 2. So you pay only a fee of $ 4 per completed trade. When you open a VIP account, you save another 50%, because you only pay $ 2 for each completed trade. Even with my code (under the login button) can save another 5%.
Tickmill gives you the exact interbank spreads from 0.0 pips. Trading is smooth and fast processing is provided by European servers. Upon request, an Islamic account without swaps (interest) can be created.
|Spreads:||1.6 Pips||0.0 Pips||0.0 Pips|
|Leverage:||Max. 1:500||Max. 1:500||Max. 1:500|
|Commission:||0$||2$ per 1 Lot traded||1$ per 1 Lot traded|
Info: Tickmill also offers its European customers to sign up as a professional trader and keep the high leverage of 1: 500.
The VIP Account is the best choice for high volume Forex Traders
High-volume traders or companies can open a VIP account. From a deposit of 50,000$, you have even cheaper fees. You then only pay $ 1 per traded lot. This makes $ 2 per completed trader. These low costs can generate an increased profit. In addition, stop orders and limit orders are allowed close to market prices. This is a very good offer in comparison.
In summary, Tickmill account types offer a great opportunity for every trader. The terms are very good and much better than other forex brokers. No matter if you want to trade the markets with small or big capital, Tickmill is the right decision for beginners or advanced traders.
Compare the terms between Tickmill and other brokers yourself. Tickmill is always the cheapest and has, therefore, made the first place in my forex broker comparison. With no other broker, you get so cheap trading fees without conflict of interest.
Review of the deposit and withdrawal of Tickmill
At Tickmill you can deposit and withdraw using the same methods. Bank transfer, credit card, Skrill and Neteller are available. On the payment and deposit, there are no fees.
My tests and experiences have shown that the payouts are very fast and the money is sent on the journey within 24 hours. You will receive a confirmation email after payment when the payout has been made.
How high is the minimum deposit? – Trading with a small amount of money
The minimum deposit is regularly 100$/€. You can trade in the trading platform as low as 0.01 lot. This is very small position size and the risk is in most cases only a few cents high. The provider is thus broadly positioned because even larger investors can trade without problems at this broker.
Questions and tips for your transactions:
- Open your free account at Tickmill. Complete your data and verify the account. After verification, all functions of the broker are available to you.
- How much money should you deposit? – This is entirely up to the goals and ideas of the trader. Some trading strategies, for example, are not feasible with a small sum of € 100. Be sure to test the demo account before making your first deposit.
- Are my transactions with Tickmill safe? – Yes, Tickmill works only with the best banks and verified payment providers. You can check all transactions in the customer portal.
- Also, open several trading accounts in the customer portal. Thus it is possible to use different accounts for different strategies. An internal transfer takes only a few minutes.
New: Now use Sofortüberweisung (Klarna) or Paysafecard to capitalize your account even faster.
Is there negative balance protection?
The negative balance of an account is very feared by many traders. And this is also very justified. For some brokers, traders in the past have been able to build up debt or negative balance through extreme market conditions, which had to be balanced.
At Tickmill there is no additional funding and you are thus protected against a negative balance.
Tickmill service and support for traders
One of the last important points in this review is trader support and service. Tickmill offers support in more than 10 different languages (also Africa, Asia, India, Thai clients). From my experience, the broker employs international employees who exclusively look after every customer.
Support is available to customers 24 hours a week, 7 days a week. The support is provided by chat, phone or email. A trader should not lack anything here. My tests showed that the support is always fast and reliable!
Tickmill presented itself in different countries, for example at the World of Trading in Frankfurt. The broker had his own stand there and sought direct contact with his clients. Service is one of the most important things for traders and Tickmill shows confidence and seriousness.
To further improve its service, well-known and professional traders are invited to hold webinars or other information sessions. Well-known names are Giovanni Cicivelli or Mike Seidel. The saying “by traders for traders” also applies here. Tickmill tries to give its customers the best performance combined with good service.
In summary, the support from Tickmill is very good and professional. My personal concerns were always resolved very quickly and I can make a clear recommendation here. Overall, the overall package is rounded off with a great service.
|Phone, Chat, Email||24/5||+44 (0)20 3608 6100||Webinars, 1 to 1 support, events|
Conclusion of my review: Tickmill is the best Forex Broker
My experience and tests show on this page that Tickmill is a very good broker. He gets from me a nearly 5-star rating. I recommend this broker with a clear conscience. Tickmill offers an offer for every type of trading.
With the world’s cheapest fees, the broker is currently topping any competitor. The trading experience is unique with this broker and you save a lot of money on the order execution. For every trader who trades forex, this is the right provider.
If you have further questions, contact support by phone or chat. International employees are ready to help you.
- UK Regulation and high customer safety
- The cheapest Forex Broker of the world
- No requotes and high liquidity
- The best execution
- Good service and support
- The best conditions for Forex Traders
- No stocks for trading
Tickmill is the best Forex Broker in the world because of the cheap trading fees and good execution. (5 / 5)
(Note: Get 5% spread rebate with the code: IBU13836682)