This article comprehensively reviews Tickmill, one of the most popular Forex brokers in the current market. We aim to examine in detail all aspects of this company's operations to assist you in making an informed decision about whether to cooperate with this broker. We will explore the trading conditions, platforms, and tools provided by Tickmill and determine whether this broker is a reliable partner for your Forex and CFD market investments.

Tickmill Broker Overview

Tickmill was founded in 2014 and has been actively developing in the Forex market ever since. It provides trading services for various financial instruments, such as currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies. Thanks to its customer-oriented strategy and transparent trading conditions, Tickmill attracts traders of various experience levels. The broker aspires to become a leader in the international financial services market.

Tickmill Review Summary

Our team of experts conducted this Tickmill review using a widely accepted methodology for evaluating brokers. We have analyzed and assessed every aspect of the broker's services, including its trading platforms, educational materials, analytical tools, customer support quality, and more. This ensures the objectivity and accuracy of our assessment.

We strongly recommend you continue reading this review to learn more about Tickmill and decide if this broker meets your requirements and preferences for trading in the Forex market.

Legal Entity	Regulator
Tickmill UK Ltd Tickmill UK Ltd	FCA FCA
Tickmill Europe Ltd Tickmill Europe Ltd	CySEC CySEC
Tickmill South Africa (PTY) LTD Tickmill South Africa (PTY) LTD	FSCA FSCA
Tickmill Ltd Tickmill Ltd	SFSA SFSA
Procard Global Ltd Procard Global Ltd	-
Tickmill Asia Ltd Tickmill Asia Ltd	LFSA LFSA

Tickmill's reliability is confirmed by its regulation by leading international organizations and licensing by the relevant government authorities.

Furthermore, Tickmill is a member of the investor compensation program, which provides additional protection for client funds in case of financial difficulties at the broker. All these factors attest to the reliability and safety of trading with Tickmill, making it an attractive choice for traders.

Opening an account with Tickmill is easy, convenient, and relatively quick, although some aspects could be improved to expedite the process and simplify the experience for new users.

Registration

The registration process at Tickmill can be broken down into several stages:

1. Choosing the type of account.

2. Filling in personal information.

3. Filling in financial data and trading experience.

4. Verification.

5. Review and confirmation of the account opening application.

Let's take a closer look at each stage of account opening.

1. Choosing the type of account

The first step is choosing between a corporate account and an individual one. The decision depends on how you plan to trade: for personal purposes or as a legal entity.

2. Filling in personal information

At this stage, you must provide your full name, date of birth, and country of residence, choose a legal entity (Tickmill Ltd. or Tickmill UK Ltd.), and provide contact information: phone number and email. Then, you specify citizenship, residential address, and tax identification number. At the end of this stage, you should create a password for access to the Client Area.

3. Financial information and experience

Fill in information about your level of education, employment status, and source of funds, and indicate your total annual income. You should also provide information about your trading experience and the trading objectives.

4. Verification

At this stage, you must upload documents for identity verification (e.g., passport or driver's license) and proof of residence (utility bill, bank statement, etc.). This is necessary to confirm your data and comply with regulatory requirements.

5. Review and confirmation of the application

After submitting the application and providing all necessary documents, Tickmill's specialists will verify the information and documents, which takes up to 24 business hours. If the verification is successful, your account will be activated, and you can start trading.

Minimum Deposit

The minimum deposit is an important point when opening an account with a broker. Tickmill's minimum deposit is $100. You must deposit at least $100 into your account to start trading.

It is important to remember that the minimum deposit amount may differ depending on the chosen account type. Always ensure that you have thoroughly reviewed all the conditions and requirements of Tickmill before opening an account and starting to trade.

Tickmill offers three trading accounts, each designed for different groups of traders. Also available are a demo account and an Islamic account, which considers Muslim traders' religious tenets.

However, Tickmill does not offer cent accounts and accounts with a fixed spread, which may be critical for novice traders and those who prefer stability in spread size. These shortcomings may reduce the overall satisfaction of some traders with the offered conditions.

Thus, despite an extensive and flexible range of different account types, the absence of certain specific account types limits the complete satisfaction of the needs of all groups of traders.

Trading Accounts

Tickmill offers three main types of trading accounts tailored for different categories of traders:

1. Raw Account - this type of account is ideally suited for experienced traders and those looking for low spreads and commissions. Raw Account traders can enjoy narrow spreads starting from 0 pips and a commission of $3 per 100,000 units of the base currency. The minimum deposit to open a Raw Account is $100.

2. Classic Account - this type of account is perfect for novice traders and those who prefer to trade without commissions. The Classic Account offers spreads starting from 1.6 pips with no commission per trade. The minimum deposit to open such an account is also $100.

Demo Account

The broker offers a demo account for beginners, which can be used to get acquainted with the trading environment and test one's strengths before investing funds and trading seriously. The demo account is available without time restrictions.

Islamic Account

Tickmill's Islamic account is specially designed for Muslim traders who strive to trade by Sharia principles. Recognizing the diversity of its clients, Tickmill offers swap-free accounts, which comply with the Muslim faith that prohibits transactions with riba (interest).

To open an Islamic account, clients must create a standard Classic, Pro, or VIP account and convert it into an Islamic one.

The process of converting an account to an Islamic type is handled by Tickmill's support team within one business day. Upon completion of the process, clients receive confirmation by email. Any subsequent accounts opened with Tickmill are automatically classified as swap-free, saving clients the need to request a change of account type repeatedly.

Copy Trading

Copying the trades of successful traders, also known as social trading or copy trading, is a process in which investors can automatically copy or mirror trading operations (deals) performed by other traders.

Tickmill traders can copy trades through the SignalStart platform or the broker's platform for social trading.

SignalStart

Copy trading by Myfxbook is a service that allows Tickmill clients to automatically copy the trades of successful traders registered on the SignalStart platform. This can be useful for beginners who want to learn the strategies of experienced traders and busy investors who wish to automate their trading.

Social Trading at Tickmill

Social trading at Tickmill is a unique feature that allows users to copy the trades of successful traders and participate in financial markets without spending much time on market study and analysis.

Tickmill Social Trading allows you to choose from a wide range of traders worldwide, considering their trading style, risk level, and performance history. All traders' information is presented transparent and understandable, allowing you to make informed decisions about who to copy.

VPS

TICKMILL VPS is a virtual private server (VPS) service that provides a continuous and fast connection between the client's trading platforms and Tickmill servers. This is especially useful for traders using automated trading systems or trading in high volatility conditions, as VPS provides a reliable and stable connection with minimal delays.

BeeksFX serves as the VPS provider for Tickmill. It offers the following conditions:

Tickmill offers highly competitive conditions with low commission charges per trade on the Pro account and average spreads and swaps on the standard account. There are also no deposits and withdrawals or inactivity fees, which is a significant advantage.

Trading Fees

Tickmill aims to provide its clients with transparent and competitive trading conditions. The absence of hidden fees is one of the critical features of the broker's service. Trading commissions at Tickmill depend on the account type and include spreads and swaps on the standard account and a transaction fee on the Pro account.

Commission per lot

For the Pro account, Tickmill charges a commission of $3 per lot. This is a average rate, when compared with other brokers. Such pricing allows traders with large trading volumes to profit more by minimizing commission costs.

Below is the commission per lot for the EURUSD pair at different Forex brokers:

Spreads and Swaps

The spreads at Tickmill average from 1.6 to 2 pips for major currency pairs, consistent with the market average. These conditions make trading quite accessible for traders with various trading strategies and volumes.

Swaps are charged depending on the type of position (long or short) and the specific trading instrument. They can also be considered average for the market.

Below is a table of the average spread and swaps for major currency pairs on Tickmill's standard account.

Tickmill offers a wide selection of deposit and withdrawal methods, which is one of its strong points. Clients can access prominent and popular methods, such as bank transfers, credit and debit cards, electronic wallets, and online banking. This allows traders to choose the most convenient and fast method for depositing and withdrawing funds.

Additionally, Tickmill does not charge any fees for deposits and withdrawals, making the process more beneficial for clients. However, it should be noted that payment systems or banks may impose their fees, so it is advisable to verify this information in advance.

Processing requests for deposits and withdrawals is generally fast, especially when using electronic wallets and credit cards. Bank transfers may take more time, but this is related to the workings of the banks.

Account Funding Methods

Payment System	Currencies	Deposit Fee	Operation Limit
Neteller	USDEURGBP	0%	from 100 USDfrom 100 EURfrom 100 GBP
Skrill	USDEURGBP	0%	from 100 USDfrom 100 EURfrom 100 GBP
WebMoney	USDEUR	0%	from 100 USDfrom 100 EUR
Bank Transfer	USDEURGBP	0%	from 100 USDfrom 100 EURfrom 100 GBP
Visa	USDEURGBP	0%	from 100 USDfrom 100 EURfrom 100 GBP
Mastercard	USDEURGBP	0%	from 100 USDfrom 100 EURfrom 100 GBP

Cryptocurrency	Blockchain	Deposit Fee	Operation Limit
BTC (Bitcoin)	BTC	0%	from 100 USD
ETH (Ethereum)	ERC20	0%	from 100 USD
USDT (Tether)	ERC20	0%	from 100 USD

Withdrawal Methods

Payment System	Currencies	Withdrawal Fee	Operation Limit
Neteller	USDEURGBP	0%	from 25 USDfrom 25 EURfrom 25 GBP
Skrill	USDEURGBP	0% limitscommission limits	from 25 USDfrom 25 EURfrom 25 GBP
WebMoney	USDEUR	0% limitscommission limits	from 25 USDfrom 25 EUR
Bank Transfer	USDEURGBP	0%	from 25 USDfrom 25 EURfrom 25 GBP
Visa	USDEURGBP	0% limitscommission limits	from 25 USDfrom 25 EURfrom 25 GBP
Mastercard	USDEURGBP	0% limitscommission limits	from 25 USDfrom 25 EURfrom 25 GBP

Cryptocurrency	Blockchain	Withdrawal Fee	Operation Limit
BTC (Bitcoin)	BTC	0%	from 25 USD
ETH (Ethereum)	ERC20	0%	from 25 USD
USDT (Tether)	ERC20	0%	from 25 USD

Tickmill provides a sufficiently diverse range of trading assets, allowing traders to diversify their portfolios and choose suitable trading instruments.

What markets are available?

Tickmill offers its clients the following markets for trading:

Leverage

Leverage in trading is a tool that allows investors to increase their market exposure beyond the initial investment (the margin). However, while leverage can magnify profits, it also increases the potential for higher losses. Therefore, it's crucial for traders to use leverage cautiously and to understand the risks involved.

Tickmill's leverage varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.

Tickmill provides its clients with reliable and proven tools for successful trading. MT4 and MT5 are industry standards and offer a wide range of functionality for traders of different levels. The mobile app complements fixed platforms and allows traders to stay up-to-date on the market and trade anytime, anywhere. In addition, Tickmill offers integration with TradingView, which provides traders with access to advanced tools for data analysis and visualization, improving the trading decision-making process and facilitating the sharing of trading ideas and strategies through the platform's social features.

MetaTrader 4

MetaTrader 4 (MT4) is one of the most common and functional trading platforms in the Forex market. MT4 offers a comprehensive set of market analysis tools, including technical indicators and graphic objects. The platform also supports automated trading with trading robots and allows the creation of custom indicators and scripts.

MetaTrader 5

MetaTrader 5 (MT5) is an enhanced version of the MT4 platform that provides even more functionalities for traders. MT5 includes additional tools for market analysis, an improved automated trading system, and the ability to trade not only on the Forex market but also on other financial markets. However, it should be noted that some custom indicators and trading robots developed for MT4 may not be compatible with MT5.

Tickmill Mobile App

The Tickmill mobile app is a convenient solution for trading on the Forex market from mobile devices. The app is available for smartphones and tablets on iOS and Android platforms. The mobile app provides essential trading functions and the ability to monitor the current market state and manage your account.

TradingView

TradingView is an advanced financial data visualization platform available as a web service. It provides extensive technical analysis capabilities, including a variety of charts, screeners, and signals, and the ability to trade directly from the platform.

The platform is integrated with social media, allowing users to share their trading ideas, strategies, and forecasts and discuss current market trends in real-time. Trading ideas can be easily visualized and made available for viewing by all community members.

TradingView is popular among traders of all levels, from beginners to professionals, and supports a wide range of financial instruments, including stocks, currency pairs, futures, options, and cryptocurrencies.

How do I connect my Tickmill account to TradingView?

Tickmill has been successfully integrated with TradingView, allowing traders to perform in-depth market analysis and trade directly through TradingView's user-friendly interface. Here's how you can get started:

1. Logging in: First, you must log in to your TradingView account.
2. Opening the Trading Dashboard: Go to www.tradingview.com/chart and open the trading dashboard.
3. Select Tickmill as a broker: On the trading panel, select Tickmill as your broker and enter your live or demo account login details.

This will allow you to use TradingView's ability to analyze and trade through Tickmill.

Pelican Trading

Pelican Trading is an innovative mobile app for automatic copy trading, available to Tickmill clients. The app allows you to track and copy the trades of successful traders directly on your smartphone or tablet. Pelican Trading offers a simple and convenient way for traders to keep up with the market, as well as to learn from experienced peers and share their successes with other community members.

Tickmill provides an extensive array of analytical materials and tools that assist traders in making informed trading decisions.

What analytical materials are available?

1. Fundamental and Technical Analysis - Tickmill’s website offers daily analytical reviews, including fundamental and technical market analysis.

2. Market Insights - Tickmill experts provide their perspective on market situations and highlight critical support and resistance levels.

3. Autochartist - An integrated tool for automatically identifying technical patterns on charts.

4. Economic Calendar - Contains information about upcoming economic events that could impact the market.

5. Forex Calculators - Tools to help calculate various parameters, such as position size, margin, swaps, and more.

6. MT4 and MT5 Applications - An extensive set of tools and indicators that can be installed on trading platforms to enhance their functionalities.

7. Market Sentiment Indicator - Provides information on the current market sentiment based on the open positions of other traders.

8. Signal Centre Tool - Offers access to market information from an FCA-regulated signal provider based on human and artificial intelligence analysis.

Tickmill is committed to the development of its traders and offers valuable and high-quality educational materials. The variety of learning formats, such as webinars, seminars, eBooks, video tutorials, and a blog, allows traders to choose the most convenient and exciting way of learning.

What educational materials are available?

1. Webinars - Tickmill regularly conducts free webinars led by experienced traders and analysts. The webinars cover various topics, such as trading strategies, market analysis, and risk management.

2. Seminars - The company periodically organizes seminars for its clients, where traders can meet experts face-to-face and ask them questions.

3. eBooks - Tickmill offers free eBooks that cover different aspects of Forex trading and help traders learn to work with trading platforms.

4. Video Tutorials - Tickmill's website features educational videos that demonstrate various trading strategies, technical and fundamental analysis, and features of working with trading platforms.

5. Blog - The Tickmill blog publishes articles on various topics useful for novice and experienced traders. The blog regularly features analytical materials, news reviews, and trading tips.

Tickmill's technical support operates at a high level, providing prompt assistance to clients and helping to resolve various issues.

Among the disadvantages, it should be noted that support is not available 24/7, and only international phone numbers are available for calls. For prompt communication, only chat is available; messengers are not offered.

Support Working Hours

The support service is available Monday to Friday from 7:00 to 16:00 Greenwich Mean Time (GMT) during the summer period.

How to Contact Support?

Clients can contact the support service through the following channels:

1. Customer support phone: +852 5808 7849

2. Office Phone: +248 434 7072

3. Email: support@tickmill.com (responses to inquiries are provided within 24 hours on business days)

4. Online chat on the broker's website.

Tickmill Pros and Cons

Advantages of Tickmill

1. Regulation. Tickmill is regulated by leading international bodies, indicating the broker's reliability and security.

2. Low Trading Commissions. Tickmill offers competitive spreads and commissions, making trading cost-effective for traders.

3. Trading Platforms. MT4, MT5, TradingView, and the Tickmill mobile app provide convenience and functionality for trading on different devices.

4. Educational and Analytical Materials. The broker offers an extensive database of educational materials, webinars, seminars, video tutorials, analytical tools, and market information.

Disadvantages of Tickmill

1. Support Operating Hours. The support service operates from Monday to Friday from 7:00 to 16:00 GMT, which may be inconvenient for clients in different time zones.

Conclusion

Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.

The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.