Tickmill is a forex and CFD broker that offers trading in a wide range of financial instruments, including forex, indices, commodities, and metals. The company is regulated by the Financial Conduct Authority (FCA) in the UK and the Seychelles Financial Services Authority (FSA).
Some features of Tickmill’s trading platform include:
- Low spreads: Tickmill claims to offer some of the lowest spreads in the industry, starting from just 0.0 pips on some currency pairs.
- Fast execution: The company claims to use advanced technology to ensure fast and accurate execution of trades.
- Multiple platforms: Tickmill offers the popular MetaTrader 4 and 5 platforms, as well as its own web-based platform.
- 24/7 customer support: Tickmill provides customer support in a variety of languages through email, phone, and live chat.
Tickmill also offering a demo trading account and a swap-free Islamic account
What is the minimum deposit for Tickmill?
The minimum deposit required to open a trading account with Tickmill depends on the account type you choose. The company offers several different account types, including a classic account, a pro account, and an VIP account.
Here is a summary of the minimum deposit requirements for each account type:
- Classic account: The minimum deposit for a classic account is $100.
- Pro account: The minimum deposit for a pro account is $500.
- VIP account: The minimum deposit for a VIP account is $25,000.
It’s important to note that these minimum deposit requirements may vary depending on the specific terms and conditions of your account and the promotions offered by the broker. Be sure to carefully review the terms of your account before making a deposit.
Tickmill Deposits and Withdrawals
Tickmill offers a range of options for depositing and withdrawing funds from your trading account. These options may vary depending on your location and the specific terms of your account. Some common methods of depositing and withdrawing funds with Tickmill include:
- Credit/debit cards: You can deposit funds into your account using major credit and debit cards, such as Visa, Mastercard, and Maestro.
- Bank wire transfer: You can transfer funds to your account using a bank wire transfer. This option may take longer than other methods and may incur additional fees.
- Online payment providers: Tickmill also accepts deposits through online payment providers such as Skrill and Neteller.
- Cryptocurrencies: The broker also accepts deposits in certain cryptocurrencies, such as Bitcoin.
Withdrawals from your account can generally be made using the same methods that you used to deposit funds. It’s important to note that Tickmill may require you to complete additional verification procedures before allowing you to withdraw funds. The broker may also charge fees for certain withdrawal methods or for making multiple withdrawals within a certain time period. Be sure to carefully review the terms and conditions of your account before making a withdrawal to understand any applicable fees or restrictions.
Is Tickmill safe or a scam?
Tickmill is a regulated forex and CFD broker that appears to be legitimate and not a scam. The company is regulated by the Financial Conduct Authority (FCA) in the UK and the Seychelles Financial Services Authority (FSA). These regulatory bodies impose strict requirements on brokers in order to protect consumers and ensure the integrity of the financial markets. As a regulated broker, Tickmill is required to meet certain standards of financial stability, customer protection, and operational transparency.
However, it’s important to remember that no broker can guarantee the safety of your funds. Trading in financial markets carries inherent risks, and it’s always possible that you could lose money even if you are using a reputable broker. It’s important to be aware of the risks and to carefully consider whether trading is suitable for you before making any investments. As with any broker, it’s always a good idea to do your own research and due diligence before deciding to trade with them.
Tickmill is a multiply regulated broker is different jurisdictions, hence considers a secure broker to deal with. Tickmill as a Securities Dealer is the trading name of Tickmill UK Ltd and Tickmill Ltd Seychelles.
Therefore, the broker approved and supervised by two major UK Financial Conduct Authorities and the Seychelles Financial Services Authority contains stringent regulations for each agency. In addition, Tickmill is now now spreading to the Asia region and setting up its agency to cover the initiative.
In addition, Tickmill Europe Ltd (formerly Vipro Markets Ltd) is a member of the Investor Compensation Fund (ICF) and is approved and supervised by the Cyprus Securities and Exchange Commission (CySEC).
Tickmill is a regulated forex and CFD broker that is required to follow certain rules and regulations designed to protect traders and ensure the integrity of the financial markets. Some of the measures that Tickmill may take to protect its customers include:
- Client segregation: Tickmill is required to keep client funds separate from its own operating funds, which can help protect traders in the event that the broker becomes insolvent.
- Negative balance protection: Tickmill’s trading platform is designed to prevent traders from incurring negative balances on their accounts. This means that even if the value of your trades falls below the balance of your account, you will not be required to pay any additional funds.
- Risk management tools: Tickmill provides a range of risk management tools, such as stop-loss orders and take-profit orders, to help traders manage their risk.
- Security measures: Tickmill takes steps to protect the security of its platform and client information, including using encryption and secure servers.
It’s important to note that these measures are not a guarantee of the safety of your funds or the success of your trades. Trading in financial markets carries inherent risks, and it is important to carefully consider these risks before deciding to trade with any broker.
Is Tickmill a regulated Forex Broker?
Yes, Tickmill is a regulated forex broker. The company is regulated by the Financial Conduct Authority (FCA) in the UK and the Seychelles Financial Services Authority (FSA). As a regulated broker, Tickmill must adhere to strict rules and regulations designed to protect traders and ensure the integrity of the financial markets.
Regulation by a reputable financial authority such as the FCA can be a good indication that a broker is legitimate and not a scam. It can also provide some level of protection to traders in the event that the broker experiences financial difficulties or is unable to meet its obligations. However, it’s important to note that regulation is not a guarantee of a broker’s safety or integrity. As with any broker, it is important to do your own research and due diligence before deciding to trade with Tickmill. This may include reading reviews, understanding the risks and potential drawbacks of trading with the broker, and familiarizing yourself with the broker’s terms and conditions.
The safety of Tickmill customer funds
Tickmill is a forex and CFD broker that is regulated by the Financial Conduct Authority (FCA) in the UK and the Seychelles Financial Services Authority (FSA). As a regulated broker, Tickmill is required to follow strict rules and regulations to ensure the protection of client funds.
Here are a few ways in which Tickmill may help to ensure the safety of customer funds:
- Regulation: Tickmill is regulated by the FCA and FSA, which are reputable financial authorities that impose strict rules and oversight on regulated firms.
- Segregation of client funds: Tickmill is required to keep client funds separate from its own funds, which helps to protect client funds in the event of the broker experiencing financial difficulties.
- Financial stability: Tickmill is a well-established broker that has been in business since 2014. The company appears to be financially stable and has a strong track record of meeting its obligations.
- Risk management: Tickmill has robust risk management systems in place to ensure that client funds are protected against potential losses.
It’s important to note that even with a reputable and regulated broker like Tickmill, there are always risks involved in trading forex and CFDs. It’s important to carefully consider your investment objectives and risk tolerance before deciding to trade with any broker.
Does Tickmill allow scalping?
Tickmill is a forex and CFD broker that allows traders to scalp, or engage in high-frequency trading with the aim of making small profits on short-term price movements. According to the company’s website, scalping is allowed on all account types, including the Classic, Pro, and VIP accounts.
However, it’s important to note that scalping can be a high-risk trading strategy and may not be suitable for all traders. Scalping involves taking advantage of small price movements over very short periods of time, which can be difficult and requires a high level of skill and discipline. Scalping also requires a fast and reliable trading platform and low spreads, which Tickmill claims to offer.
Before deciding to scalp with Tickmill or any other broker, it’s important to carefully consider your investment objectives and risk tolerance, and to thoroughly understand the risks and potential drawbacks of this strategy. It’s also important to familiarize yourself with the broker’s terms and conditions, including any restrictions on scalping or other types of high-frequency trading.
Tickmill Commissions & Fees
Three accounts are supported by Tickmill. In conclusion, Tickmill is ideal for involved and VIP traders, who have access to rates that rivals among the industry’s lowest brokers.
Tickmill Classic accounts: The Classic account is commission-free, where the bid / ask spread is charged only for traders. However, compared to the other two account forms, the average spreads are larger, rendering the Classic account unattractive.
Tickmill Spreads: The all-in expense is equal to 0.53 pips after factoring in the RT commission equal of 0.4 pips using the standard spread details mentioned by Tickmill for its Pro account price of 0.13 pips for EUR / USD. It is worth noting that under normal market conditions (when spreads are narrower), Tickmill reports standard spread details.
Tickmill Pro account: Pro accounts have a minimum deposit of $100, can be supported in GBP / EUR / USD, spreads begin at 0 pips, and up to 1:500 leverage. Commissions are two-sided per exchange and are based on the base currency of every 100,000 dealt.
Tickmill VIP versus Pro accounts: While the VIP account requires a minimum balance of $50,000 for traders to access low commissions of $1 per standard lot (100k units) or $2 per Round-Turn (RT), with an RT fee of just $4 per standard round-turn lot, the Pro account has identical pricing. For as little as a $100 deposit, the Pro account is open.
Tickmill Customer Service
Tickmill is a forex and CFD broker that claims to offer 24/7 customer support to its clients. According to the company’s website, customer support is available through email, phone, and live chat in a variety of languages.
In general, good customer service is an important factor to consider when choosing a forex broker. A broker with knowledgeable and responsive customer support can help you with questions or issues that may arise during the course of your trading. It’s always a good idea to test out a broker’s customer service before opening an account, to ensure that you are satisfied with the level of support provided.
It’s important to note that customer service is just one factor to consider when choosing a broker. It’s also important to carefully review the broker’s regulatory status, fees, and trading conditions, as well as to do your own research and due diligence before deciding to trade with them.
Tickmill appears to be a reputable and well-regulated broker that offers a range of trading instruments and platforms. However, as with any broker, it is important to do your own research and due diligence before deciding to trade with them.