Tickmill Company Information and Reputation
Tickmill is a Forex broker primarily active in the UK.
Please see the detailed company information below.
| Forex Broker | Tickmill |
|---|---|
| Founded | 2015 |
| Operating Company | Tickmill Group |
| Locations | Limassol, Cyprus, London, UK, Tallinn, Estonia, etc. |
| Financial License | UK FCA, Cyprus CySEC, Seychelles FSA, etc. |
| Global Employees | Over 150 |
| Account Openings | Over 263,000 |
| Awards | Over 10 |
| Phone Number | +852-5808-2921, +65-3163-0958, +248-434-7072, +852-5808-7849 |
| Email Address | support@tickmill.com |
Since its establishment in 2015, Tickmill has won the following awards.
- Best Trading Platform Provider – FxDailyInfo.com Broker Awards 2019
- Best CFD Broker Asia – International Business Magazine 2019
- Best Forex CFD Provider – Online Personal Wealth Awards 2019
- Best Forex Broker Asia – Forex Awards 2019
- Most Transparent Broker – Forex Awards 2019
- Best Forex Execution Broker – UK Forex Awards 2018
- Best Forex CFD Broker – Jordan Forex Expo Awards 2018
- Top CFD Broker – FxDailyInfo.com Broker Awards 2018
- Best Forex Trading Conditions – UK Forex Awards 2017
- Most Trusted Broker in Europe – Global Brands Magazine 2017
Advantages and Disadvantages of Opening an Account with Tickmill
The advantages of opening an account with Tickmill are as follows.
- High leverage trading up to 500 times
- Zero debt risk with NBP – No margin calls
- Ultra-fast order execution – Industry’s fastest execution time of an average 0.15 seconds
- Significant reductions in spreads and swap points in March 2020
On March 12, 2020, Tickmill reviewed its trading environment, including LPs, and successfully reduced the spreads for major currency pairs and gold by about half.
“We are honored to announce that we have become one of the industry’s lowest-cost brokers by signing exclusive contracts with many liquidity providers.
We have reduced the spreads for major currency pairs and gold. Using advanced aggregation software, we began collaborating with various liquidity providers to secure a rich depth of liquidity. As a result of these efforts, we can reliably offer our clients advanced execution capabilities with minimal spreads.Next, we have significantly reduced the swap rate so that our clients can keep their positions open longer without compromising on profit due to unnecessary additional costs.”
Tickmill’s official website “Tickmill Reduces Spreads and Swaps – Becomes One of the Industry’s Lowest Cost Brokers!”
Conversely, the disadvantages of Tickmill are as follows.
- Few bonuses and campaigns
- Only the MT4 trading platform is available
- Not a wide range of tradable instruments
Tickmill also offers a $30 account opening bonus. Traders who want to start FX trading for free at Tickmill should receive the $30 welcome account.
Visit the official TICKMILL website here
Tickmill’s Financial Licenses and Registration Agencies
Tickmill currently holds the following financial licenses.
| Company Name | Financial Licenses and Registration Agencies | Number |
|---|---|---|
| Tickmill Ltd | Seychelles Financial Services Authority | SFSA SD008 |
| Tickmill UK Ltd | UK Financial Conduct Authority | FCA 717270 |
| Tickmill UK Ltd | Financial Services Compensation Scheme | FSCS |
| Tickmill Europe Ltd | Cyprus Securities and Exchange Commission | CySEC 278/15 |
| Tickmill Europe Ltd | Markets in Financial Instruments Directive | MiFID II 2014/65/EU |
| Tickmill Europe Ltd | Investor Compensation Fund | ICF |
In addition, Tickmill is registered with the following financial licensing and authorization agencies.
- Germany BaFin (Federal Financial Supervisory Authority)
- Italy CONSOB (National Commission for Companies and the Stock Exchange)
- France ACPR (Prudential Supervision and Resolution Authority)
- Spain CNMV (National Securities Market Commission)
Tickmill is Registered with Compensation Mechanisms for Emergencies
Tickmill is a member of the following two compensation mechanisms.
“Financial Services Compensation Scheme (FSCS)
Tickmill UK Ltd is a member of the Financial Services Compensation Scheme. The FSCS is an independent compensation fund established under the Financial Services and Markets Act 2000. It serves as a last resort for customers of regulated UK financial services firms. The purpose of the FSCS is to pay compensation if a firm is unable, or likely to be unable, to pay claims against it because it has stopped trading or has been declared in default.”Tickmill’s official website “About Tickmill (Licenses and Regulation)”
The “emergency” refers to situations where Tickmill goes bankrupt or insolvent.
Specifically, being under the management of the FSCS means that traders are compensated for up to £50,000 for involuntary damages that are not directly related to their trading activities.
“Investor Compensation Fund (ICF)
Tickmill Europe Ltd is a member of the Investor Compensation Fund. The ICF was established under the provisions of Article 59(1) and (2) of Law 144(I)/2007 as the CIF Client Investor Compensation Fund, and its function is regulated by CySEC Directive 144-2007-15. The purpose of the fund is to ensure the payment of compensation to claimants if a fund member is unable to fulfill its payment obligations.”Tickmill’s official website “About Tickmill (Licenses and Regulation)”
Additionally, Tickmill’s client asset management involves segregated management, where traders’ assets and Tickmill’s own funds are handled in separate bank accounts.
About the Financial Licenses to Choose When Opening an Account with Tickmill
Since June 2018, Tickmill has changed the account opening process to select a financial license first.
Specifically, the following financial licenses are displayed when opening an account with Tickmill.
| Trading Account | Applicable Traders | Trading Restrictions |
|---|---|---|
| Seychelles FSA | Traders outside Europe | No restrictions |
| UK FCA | UK traders | With restrictions |
| Cyprus CySEC | European traders | With restrictions |
When the financial license selection screen appears at Tickmill, always choose the Seychelles FSA.
Trading with a maximum leverage of 500 times is only possible under the Seychelles FSA trading account.
Tickmill’s Bonuses, Campaigns, and Contests
Tickmill is currently conducting the following bonuses, campaigns, and contests.
Please check the latest campaigns on the official Tickmill website.
Account Opening Bonus at Tickmill – $30 Welcome Account
Tickmill provides an account opening bonus just for opening an account.
| Type of Campaign | Account Opening Bonus |
|---|---|
| Bonus Amount | $30 |
| Eligible Participants | People who have not yet opened an account with Tickmill |
| Conditions for Receiving | Simply open a welcome account with Tickmill |
| Timing of Bonus Reflection | Immediately after opening the welcome account |
| Reception Period | Limited to 90 days after account opening, with an additional 30-day extension available |
| Withdrawal Restrictions | With restrictions |
You will receive $30 when you open a welcome account with Tickmill.
Open a real FX trading account for free and start trading FX with the received $30 for free.
Tickmill’s Guess the Forecast Quiz – NFP (Non-Farm Payroll) Machine
Tickmill conducts a contest where you can win up to $500 just by guessing the number of non-farm employees in the US.
| Type of Contest | SNS Contest |
|---|---|
| Prize Money | Up to $500 |
| Participants | Traders who posted from Woobox |
| Method of Participation | Post the price of a specific instrument on MT4 30 minutes after the NFP announcement |
| Contest Period | From the beginning of the month to 10 PM or 9 PM on the first Friday of each month |
| Restrictions on Participation | None |
Woobox is used, but there are no difficult points other than that.
The instrument to predict is announced at the beginning of each month within Woobox.
And if there’s no exact match, the nearest hit prize of $200 will be awarded instead of the exact match prize of $500.
Tickmill’s Random Gift – Trader of the Month
Tickmill selects the best trader each month and awards them a $1,000 prize.
| Type of Contest | Real Trading Contest |
|---|---|
| Prize Money | $1,000 |
| Participants and Method of Participation | Just trade with Tickmill |
| Contest Period | From the beginning to the end of each month |
| Restrictions on Participation | None |
Just by trading with Tickmill, you have a chance to win $1,000 every month.
“Every month, we select the best trader among our skilled clients and award them a $1,000 prize.” – Tickmill’s official website “Promotions (Trader of the Month)”
Tickmill randomly selects each month. First, receive and use up the account opening bonus from Tickmill, then trade with a real account to receive $1,000.
Receive the Account Opening Bonus Here
Tickmill’s Trading Environment and Conditions
Tickmill’s trading environment and conditions differ among three types of accounts.
- Classic Account
- Pro Account
- VIP Account
No matter the account type, there is no difference in the trading environment and conditions, including NDD mode, maximum leverage of 500 times, and an average execution speed of 0.15 seconds.
Tickmill also offers a demo account that allows you to trade virtually for free.
Open a Tickmill Demo Account Here
Comparison of Tickmill Account Types
The following table compares the differences in trading environments and conditions for each account type at Tickmill.
| Account Type | Classic Account | Pro Account | VIP Account |
|---|---|---|---|
| Applicable Traders | Beginners | Experienced | Advanced |
| Trading Platform | MT4, Web Trader | MT4, Web Trader | MT4, Web Trader |
| Order Processing Method | NDD | NDD | NDD |
| Maximum Leverage | 500 times | 500 times | 500 times |
| Tradable Instruments | FX currency pairs, stock indices, crude oil, gold & silver, German government bonds | FX currency pairs, stock indices, crude oil, gold & silver, German government bonds | FX currency pairs, stock indices, crude oil, gold & silver, German government bonds |
| Account Currency Unit | US dollar account, euro account, pound account | US dollar account, euro account, pound account | US dollar account, euro account, pound account |
| Minimum Deposit | $100 | $100 | – |
| Contract Size | 100,000 currency/lot | 100,000 currency/lot | 100,000 currency/lot |
| Minimum Transaction Volume | 0.01 lots | 0.01 lots | 0.01 lots |
| Minimum Spread | 1.6 pips | 0.0 pip | 0.0 pip |
| Transaction Fee | Free | $4/round trip lot | $2/round trip lot |
| Margin Call | 100% | 100% | 100% |
| Stop Out | 30% | 30% | 30% |
| NBP Compatible | No margin calls | No margin calls | No margin calls |
| Islamic Account | Available | Available | Available |
If you are concerned about trading costs such as spreads and transaction fees, open a Pro account.
If you are a Forex beginner or new to Tickmill, open a Classic account with no transaction fees.
Tickmill’s Tradable Instruments
The tradable instruments at Tickmill are as follows.
- FX currency pairs 62 pairs
- Stock indices Over 15 indices
- Energy WTI Crude Oil & Brent Oil
- Precious metals Gold & Silver
- German government bonds 4 types
Tickmill previously traded the cryptocurrency Bitcoin (Bitcoin), but it is not available now.
Paid Tools Available for Free at Tickmill
Tickmill provides several tools that are normally paid for free.
- Autochartist (Autochartist)
- MyFXbook Copy Trading (Myfxbook AutoTrade)
- Economic Calendar (Forex Calendar)
- Forex Calculators (Forex Calculators)
- Tickmill VPS
- One-Click Trading (One-Click Trading)
Autochartist is Available on Tickmill’s MT4
Autochartist is available for free at Tickmill.
Autochartist is a technical analysis tool that can also be used by brokers like OANDA.
The advantage of using Autochartist is that it allows you to easily use advanced technical indicators that are difficult to understand due to complex formulas.
Tickmill Offers Zero Debt Risk with NBP – No Margin Calls
Tickmill is an NBP-compatible Forex broker.
NBP compatibility means that the NBP system has been implemented, meaning traders will not suffer losses exceeding their deposited amount.
“Do you provide negative balance protection? Or do you cover negative balances?
Tickmill provides all clients with negative balance protection.”Tickmill’s official website “Support (FAQ)”
In NBP-compatible Forex brokers, no margin calls are issued, hence no debt risk or zero debt risk. Also, in English, it is expressed as Negative Balance Protection, which translates directly to negative balance protection.
Tickmill’s Deposit and Withdrawal Methods
The deposit and withdrawal methods at Tickmill have been gradually improving.
In 2019, the online wallet SticPay was added.
Tickmill’s Deposit Methods – Fees and Processing Times
The latest deposit methods at Tickmill are as follows.
If you send $5,000 or the equivalent in another currency to Tickmill in a single deposit, the deposit fee will be free up to $100.
Reasons Why Deposit Errors Occur with Credit and Debit Cards
Not limited to Tickmill, depositing into a Forex broker’s trading account with a credit card or debit card always fails in some cases. The reason why you can’t deposit with a credit card and debit card you normally use for shopping is as follows.
“Why did my credit/debit deposit fail?
The issuing bank of the card may not have authorized the deposit. In that case, please use another card or another payment method available for the trading account.”Tickmill’s official website “Deposits and Withdrawals (Deposit and Withdrawal Conditions)”
Tickmill’s Withdrawal Methods – Fees and Timing
The latest withdrawal methods at Tickmill are as follows.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!