According to Review Tickmill from experts, this is one of the leaders in forex trading. Although it only appeared in 2015, this exchange has attracted many experienced traders. In particular, Tickmill has received a lot of positive feedback from traders both domestically and around the world. Let’s explore and evaluate this exchange in detail with Learn Forex Trading!
Review Tickmill for its reputation
To self-study forex, let’s share about Tickmill to show you clearly that this is a reputable forex exchange.
Tickmill reviews licenses, operating certificates
Currently, the Tickmill trading platform is operating with licenses issued from Seychelles and the UK. As follows:
- Tickmill Ltd is licensed by the FSA Financial Institution in Seychelles. This is a Securities Dealer of the Financial Services Authority of Seychelles, license number SD 008.
- In the UK, the forex platform Tickmill operates under the brand name Tmill UK Limited. It is authorized and regulated by the Financial Conduct Authority (FCA) with license number 717270.
- In addition, Vippro Markets, a member of Tickmill, is regulated by CYSEC. Vipro Markets joined Tickmill in 2017 and brings Tickmill more than 500,000 customers every month.
Licenses
In the European region, Tickmill operates under the name Tickmill Europe Ltd and is also licensed and regulated by various European financial regulators. Include:
- German Federal Financial Supervisory Authority (the BaFin).
- Pháp Prudential Control and Resolution Authority (the ACPR).
- Ủy ban Ý Nazionale per le Societa e la Borsa (the CONSOB).
- National Securities Market Commission của Tây Ban Nha (the CNVM).
- The exchange is also MiFID II compliant, subject to the Investment Services and Markets Law amended in 2017 (Law No: 87/2017
See more: Latest instructions for Tickmill open account account
Tickmill forex customer insurance policy
In addition to being legally reputable and receiving recognized awards, Tickmill also applies extremely reliable customer fund protection policies. As a member of Tickmill, investors are completely assured of safety. Tickmill will secure your assets thanks to the following policies:
- Segregation of customer funds: All customer funds are kept in leading reputable banks. At the same time, it is completely separate from the fund of the Tickmill exchange. Tickmill is not allowed to use customer funds for any other purpose.
- Compliance with MiFID II regulations: MiFID II is directive 2014/65/EU of the European Union. The main goal is to maximize efficiency and enhance financial transparency. At the same time, encourages competition and protects consumer rights.
- Member of FSCS: FSCS stands for Financial Services Compensation Scheme. This is a financial services compensation scheme in the UK. To protect customers’ interests when financial services companies cannot pay. The FSCS will guarantee compensation to the customer in such cases.
- Member of ICF: ICF stands for Investor Compensation Fund, investor compensation fund. Tickmill participates in the ICF fund to ensure ICF customer claims are covered. Also, receive compensation in case claims arise.
Review Tickmill with outstanding awards
After 8 years of operation, Tickmill has achieved many valuable awards, including:
- “Ultimate Fintech Awards 2022” Award “Best Forex Spread Broker 2022”.
- “Broker Providing Best Trading Experience” Award (Global Forex Awards 2022).
- “Broker with Best Customer Service” Award (Global Forex Awards 2022).
- “Best Forex Broker in MENA” Award (Cairo Virtual Expo 2021).
- “Best Customer Service Broker” Award (Cairo Virtual Expo 2021).
- “Best Forex Customer Support Service – Global” Award (Global Forex Awards).
- “Best Forex Trading Experience – MENA” Award (Global Forex Awards).
- “Best Commodities Broker” Award (Rankia Markets Experience Exhibition).
- “Most Trusted Broker 2020” Award (Online Personal Wealth Awards)
Review Tickmill about trading account types
Below are the types of trading accounts that Tickmill provides to users.
CLASSIC account on Tickmill Forex platform
Classic accounts provide traders with simple and convenient trading features. In addition, this type of account does not require commission payments. This is a suitable choice for both new and experienced traders. The optimal trading conditions on Classic are as follows:
- Minimum deposit amount: 100 USD
- Available base currencies: USD, GBP, EUR
- Spread fee: From 1.6 pips
- Maximum leverage: 1:500
- Minimum trade size from: 0.01 lot
- Commission fee: None
Tickmill Review of PRO Accounts
This is an account reserved for experienced traders with low spreads. Ranging from 0.0 pip, and the estimated commission is 0.002% per lot traded. Especially, after performing a Tickmill login on your Pro account, you will not have to pay any trading fees when trading CFDs on stocks, cryptocurrencies, stock indices, bonds, and crude oil. As follows:
- Minimum deposit amount: 100 USD
- Available base currencies: USD, GBP, EUR
- Spread fee: From 0.0 pip
- Maximum leverage: 1:500
- Minimum trade size from: 0.01 lot
- Commission fee: 2 USD per lot for each trading direction
Tickmill VIP account
The Tickmill VIP account offers CFD trading on 62 currency pairs, stocks, crude oil, bonds, cryptocurrencies, and stock indices. With low spreads starting from 0.0 pips and estimated trading fees of 0.001% per lot traded. This account is suitable for investors who surf and conduct large-volume transactions. As follows:
- The minimum deposit amount on the exchange is only 50,000 USD
- Available base currencies: USD, GBP, EUR
- Spread fee: From 0.0 pip
- Maximum leverage: 1:500
- Minimum trade size is only: 0.01 lot
- Commission fee: 1 USD per lot for each trading direction
Trading platforms are available at Tickmill
Tickmill currently provides customers with 2 main trading platforms. These are MT4, MT5, and the exclusive copy trade platform Myfxbook. Each platform has its features to provide the best experience for traders.
MT4/MT5 platform on Tickmill
The MT4 and MT5 platforms are considered two of the most popular forex trading platforms. This is also the top choice of most traders. With the integration of many features, both platforms help investors easily analyze charts. In addition, it is also easy to make transactions quickly.
In addition, Tickmill MT5 also features an integrated economic calendar. This makes it a suitable choice for both fundamental investors or a combination of both approaches.
Tickmill reviews the outstanding platform Myfxbook
The Myfxbook platform allows investors to copy trades from successful traders. By following and copying the trading strategies that have been successfully implemented by them. This platform brings many benefits to users as follows:
- No experience needed: Suitable for new traders who do not need to have trading experience.
- Save time: Helps save time needed for market analysis. You can also create your strategies.
- Learn from successful people: Allows users to learn and benefit from the experiences of successful investors.
See more: Instructions Tickmill sign up on your phone
Collection of Tickmill Reviews from experts
Below we will review Tickmill from an expert’s perspective. Through these reviews, you can know if Is Tickmill A good Broker.
Advantages of Tickmill exchange
Below is a summary of the advantages of Tickmill exchange:
- There are a variety of licenses from leading reputable agencies
- Low transaction fees and attractive spreads
- Supports a variety of account types
- Supports trading on popular platforms such as MT4
- Providing traders with many convenient withdrawal/deposit methods
- Excellent and extremely attentive customer service
Tickmill and its disadvantages that need to be overcome
Besides the advantages, Tickmill still has some limitations such as:
- Relatively high deposit requirements (minimum $100)
- The trading platform is limited in variety
- Tickmill does not support users trading cryptocurrencies
- The maximum leverage level is lower than some other brokers
Conclude
Above is information about the Review Tickmill. At the same time, answer the question “Is Tickmill reputable or not?” From there, investors can feel secure when trading Forex and CFD at Tickmill. Hopefully with the sharing from Learn Forex Trading, new and old investors will have great experiences when trading on this Tickmill platform.
Frequently asked questions
Where is Tickmill headquartered?
Tickmill’s headquarters are located at 1 Fore Street Avenue, London EC2Y 9DT, UK.
Is Tickmill reputable?
Tickmill is a reputable forex trading platform and there is no information about Tickmill being a scam. Currently, Tickmill exchange is managed and supervised by many reputable financial institutions globally. At the same time, it is trusted and used by traders around the world.
Does Forex platform Tickmill offer a demo account?
Yes, Tickmill offers a demo account to give new traders a chance to test it out. You can get familiar with their trading platform before trading with a real account.