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Tickmill – The number 1 forex broker today

Tickmill is considered one of the fastest-growing foreign exchange exchanges today. In the financial market, Tickmill Broker has made great strides and attracted a large number of customers from many different countries. So what is Tickmill starting point and is it reputable? Let Learn Forex Trading help

Where does Tickmill come from? Is it reputable?

Today, Tickmill is known as a reputable Forex trading platform in the UK market. Even though it was only established 8 years ago, the platform has caused many surprises and reached millions of large and small investors around the world.

Get an overview of the platform
Get an overview of the platform

Overview of Tickmill’s starting point

In general, Tickmill was founded in 2015 and is headquartered in Seychelles. Initially, the starting point of the Forex exchange was called Armada Markets, established in 2008. However, just a few years later, Armada Markets wanted to transfer retail customers. To expand its scope of operations even further, Tickmill has added a sub-brand called TMILL UK Ltd in the United Kingdom. From there, the foundation gradually built its name and found a solid foothold in the field of financial investment. 

See more: Latest instructions for Tickmill open account

Tickmill’s legal documents

Each customer can recognize Tickmill reputation when looking at the legal documents. Currently, the platform has proven its capabilities by owning a collection of powerful licenses such as:

  • Tickmill Ltd” license number SD 008 is licensed by the financial institution FSA as a Securities Dealer of the Financial Services Authority of Seychelles.
  • Tickmill Europe Ltd” license number 278/15 is licensed and regulated by CySEC – Cyprus Securities and Exchange Commission as a CIF limited company.
  • Tickmill UK Ltd” license number 717270 is licensed and regulated by FCA – the UK Financial Conduct Authority.
  • Tickmill Asia Ltd” license number MB/18/0028 is licensed by Labuan FSA as Labuan Financial Services Authority.
  • Tickmill South Africa Ltd” license number 49464 is licensed by the FSCA from the Financial Conduct Authority of South Africa.

If you are a professional trader, you will know how important the three licenses FCA, FSA, and CySEC are. This is a set of 3 licenses from the most prestigious financial institutions in the world. Once receiving this license, customers can feel completely secure when using services and trading on Tickmill

How is Tickmill evaluated in the financial market?

During the 8 years since its founding, Tickmill has added many awards to its achievements table. That demonstrates the exchange’s excellence and pioneering in financial fields, including Support services, trading conditions, and platforms… Below, you can refer to some information. News about the exchange’s outstanding achievements in the past few years:

  • 2017: Received the “Europe’s Most Trusted Broker” award by Global Brands Magazine.
  • 2018: Continuously received “Best Forex Order Execution Broker” awards; “Top CFD Broker” and “Best CFD Broker” awarded by prestigious events and organizations.
  • 2019: This was an explosive year for Tickmill as it continuously reaped outstanding achievements, including: “Best Forex Broker in Asia”; “Best Forex CFD Provider”; “The Most Transparent Brokerage”… 
  • 2020: Tickmill continues to leave its mark in the hearts of traders with major awards, awarded by prestigious organizations. These include: “Best Forex Education Provider”; “Best Commodities Broker”… 
  • 2021: The exchange becomes the top choice of traders when certified by extremely outstanding achievements. Including: “Top 1 Broker for Commission and Fees”; “Broker with the best customer service”… 
  • 2022: Last year, Tickmill also filled its achievements list when receiving the “Best Spread Broker” award at the Ultimate Fintech Awards.

What account groups does the Tickmill account include?

On the Tickmill platform, there are currently 4 account groups for users. It will be divided into 2 types of accounts as follows:

Types of accounts available
Types of accounts available

Tickmill account Demo

A Tickmill account is a type of test account for new traders or those who want to test a campaign. Because when using a Demo account you can trade with virtual money without risk. The fee to create a Demo account on Tickmill is also completely free. Therefore, it is often used by new, inexperienced investors who want to try their first trades and improve their practical skills in the real market. However, you need to note that Demo accounts cannot bring real profits to users.

Tickmill Live account group

The second group of accounts is the Live account. To help readers save more time receiving information, we have created a summary table of specific account types below.

Tickmill Classic

Characteristic Tickmill Classic account Subjects of use
Minimum deposit 100$ Suitable for new investors who do not have much practical experience
Spread 1.6 pips
Commission Are not
Maximum leverage Up to 1:500
Trading tools Includes: 62 Forex pairs, 15 stock indices. precious metals, bonds, oil
Currency USD, PLN, EUR, GBP
Average speed for order execution  0.1 seconds
General information table about Classic accounts

Pro Tickmill

Characteristic Pro Classic account Subjects of use
Minimum deposit 100$ Suitable for most different investment subjects. This is the most popular account type among the three real account types 
Spread From 0.0 pips
Commission 0.004% (Flexible depending on each currency pair)
Maximum leverage Up to 1:500
Trading tools Includes: 62 Forex pairs, 15 stock indices. precious metals, bonds, oil
Currency USD, PLN, EUR, GBP
Average speed for order execution 0.1 seconds
General information table about the account 

VIP Tickmill

Characteristic Tickmill VIP account Subjects of use
Minimum deposit 50.000$ Suitable for professional investors with large amounts of capital and experience
Spread From 0.0 pips
Commission 0.002% 
Maximum leverage Up to 1:500
Trading tools Includes: 62 Forex pairs, 15 stock indices. precious metals, bonds, oil
Currency USD, PLN, EUR, GBP
Average speed for order execution 0.1 seconds
General information table about VIP accounts

Why should you choose Tickmill to trade?

Besides the advantages that come from account types and licenses. Traders still have many other reasons to choose to trade on the platform.

Reasons why traders should choose to trade
Reasons why traders should choose to trade

Policies and regulations to protect users of the exchange

The first is about Tickmill user protection policies and regulations. To protect the safety of customers’ information and capital, in addition to keeping funds separate, the platform also applies a Negative Balance Protection policy for Tickmill-ers. The operating mechanism of user protection regulations will be complied with and carried out under the management of the following agencies: 

  • FCA is required to ensure capital protection, maintaining a minimum level of 750,000 pounds.
  • FCA also requires ensuring compensation for traders in case the exchange is attacked or goes bankrupt, up to more than 40 000 USD.
  • Tickmill must separate customer deposits from the exchange to ensure traders’ funds are not used for other purposes. Thanks to that, shows its strong financial potential, always has enough liquidity and provides services to customers.
  • The foundation participates in the UK compensation scheme (FSCS) which has a value of £85,000. If a dispute occurs between the two parties, a third party will resolve and mediate for the customer.

Many incentives with Tickmill Bonus

 It also offers many incentive programs, allowing investors to receive huge amounts of money. Including account opening events and trading discount vouchers. Particularly attractive to participants is the bonus program of 30 USD without a deposit when opening a new account. If you want to participate to receive bonuses, please refer to the information in the next paragraph.

Details of Tickmill Bonus program rules

Characteristic  Bonus 30$ no deposit required
Reward 30$
Margin required 0
Time takes place Unlimited
Participation costs Free of charge
Participants New trader opening account for the first time
Scope of the bonus program Applicable to certain countries (Including the UK)
Applicable account Pro account
Reward withdrawal allowed Cannot
Allows withdrawal of profits Withdraw from 30-100$
Details of the Bonus $30 program will be as above

Who can participate in the above Tickmill Bonus event?

Traders opening an account for the first time can participate in the Tickmill Bonus event. But you still need to check the specific application conditions of including:

Attractive $30 Welcome Bonus program
Attractive $30 Welcome Bonus program
  • The program is for new customers, excluding existing European Union Citizen and Expert Advisor (EA) customers.
  • Participants are not allowed to carry out fraudulent or abusive activities on appropriate property.

For more details, you can update information from the official Tickmill Bonus website.

Does Tickmill have any other promotions?

When it comes to promotions or rich bonuses, never lets its traders lose. Depending on different times continuously offers attractive programs and events with hundreds of thousands of gifts and gratitude to customers. A recent highlight is the Trader of the Month program with a reward of up to 1,000 USD; the Cash Rebates transaction fee refund program, IB Contest… 

This is an extremely wonderful way of communication. Because it not only helps customers increase large investment capital but also helps the platform attract the attention of many other traders in the industry.

The Tickmill platform offers many trading advantages

Tickmill offers many more benefits for traders. The later birth of the platform has helped Tickmill systems, technology, and services become more and more perfect. Here, you can trade with fast order-matching speed on trading platforms. Or more flexible in using trading assets and factors for placing Spread orders, Commissions… So what platforms and trading assets does provide for traders? What advantages will that bring to traders? All will be answered in the information below.

What trading platforms does Tickmill have?

As a customer, you can choose to trade on the platforms: MT4, MT5, and Myfxbook. However, according to expert assessments, traders are encouraged to use MT4 to trade, because:

Tickmill MT4 superior Forex trading platform

Outstanding advantages when trading on the MT4 platform
Outstanding advantages when trading on the MT4 platform

Tickmill MT4 is one of the most popular Forex trading platforms today. MT4 has been chosen by a large number of investors because of its user-friendly interface and ability to meet their needs effectively. Currently, MT4 is supported on devices running two computer operating systems, Windows and macOS, and on phones, Android and iOS.

What benefits does Tickmill MT4 have for users?

Using MT4 when trading will create many benefits, providing the most favorable trading environment for users, specifically:

Characteristic MT4 Tickmill
Display Friendly, easy to use, and convenient for all types of traders
Command execution speed MR4 helps execute orders quickly and reliably
Trading tools Rich tools: Price charts, technical indicators, analysis tools… 
Advanced customization Customize interface and tools individually
Support Services Professional and fast trader support service
Security Advanced security technology, compliance with security standards
Table summarizing the benefits of the MT4 platform

Tickmill with a variety of trading assets

In addition, trading products on Tickmill Forex are also extremely diverse. Allows traders freedom and flexibility in implementing appropriate strategies. Including Indices, Forex, bonds, and precious metals:

  • Forex: Supports up to 62 currency pairs from popular and rare exotics.
  • Stock index: Includes 15 international and oil stock indexes. In particular, no commission fees apply and no reporting is required.
  • Bonds: Only applicable to German government bonds.
  • Precious metals: Gold, Silver, and USD.
  • Or the BTC/USD cryptocurrencies being deployed.

Evaluate Tickmill based on several important factors when placing orders

Besides, factors when placing orders such as Spread, leverage, or commission are also the conditions that help traders Tickmill broker review whether is good or not. Because those are the most basic factors that every investor needs to consider.

Evaluate based on order placement factors
Evaluate based on order placement factors

Tickmill Forex spreads

The Tickmill spread also depends on different account types, for example:

  • For VIP and Pro accounts, the spread will be from 0.0 pip.
  • For Classic accounts, the spread will be from 1.6 pips.

If you are a surfing investor, you should choose a VIP or Pro account. Because high trading frequency will help reduce spreads to the lowest level.

How much is Tickmill Forex Leverage?

Tickmill also complies with the strict regulations of the authority ESMA regarding leverage levels. Because the level of potential risk when using leverage is very high. Therefore ESMA has set a limit on the leverage offered at 1:500. 

Evaluate Tickmill platform with optimal Commission

According to the assessment based on commission fees, we can see that the Commission on the exchange is lower than other Forex exchanges. Each account type will apply equivalent fees:

  • Classic account: No commission fees.
  • VIP account: From 0.001% for each direction/lot.
  • Pro account: From 0.002% for each direction/lot. 

See more: Instructions Tickmill sign up on your phone

Instructions for opening a Tickmill account are simple and quick

With the above advantages, it shows that Tickmill attracts the attention of traders. So how to open an account? To quickly register on the platform, you can do the following 5 steps:

  • Step 1: Visit Tickmill ‘s homepage and select “Create Account”.
    Create a new account
    Create a new account
  • Step 2: In the new window, select the account type “Individual” and then fill in the full name and date of birth information.
    Select personal account
    Select personal account

Note: Do not check the box “I’m a US Citizen for tax purposes” => Select “Next”.

Fill in the information required by the system
Fill in the information required by the system
  • Step 3: Provide country information => Check the 2 boxes to agree to the privacy policy.
    Select country
    Select country
  • Step 4: Continue to fill in your Email and phone number to confirm your identity on the exchange.
    Authenticate via Email and Phone Number
    Authenticate via Email and Phone Number
  • Step 5: Set up a password as required and then log in to the system to trade on Forex.
    Set up a password and log in to your account
    Set up a password and log in to your account

Summary:

Recently, the name Tickmill has become quite familiar to the UK trader community. However, some new traders will encounter some difficulties when learning about the exchange. Hopefully, what Learn Forex Trading has shared above will help you have the most objective view of this forex platform. Don’t forget to consider investing to suit your investment strategy.

FAQs:

Should you invest in Tickmill?

Have! Because it is one of the few to receive 3 powerful operating licenses: FSA, FCA, and CySEC. That ensures the safety of customers’ information and capital.

What types of accounts can be opened on Tickmill Forex?

Currently, users can open 4 different types of accounts. Including Demo, Classic, Pro, and VIP accounts.

On which devices can trading be performed?

Tickmill develops versions for computers and phones. So you can trade quickly and conveniently using a PC or smartphone device.

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