Tickmill Review 2023

Tickmill offers three main types of live trading accounts, each designed to cater to different levels of experience and trading preferences. Here's an overview of the account types and their associated fees:

Classic Account

This account type is suitable for beginners and those who prefer commission-free trading. It features spreads starting from 1.6 pips and market execution, allowing traders to access Forex, CFDs on stock indices, commodities, and bonds. The minimum deposit required is $100.

Pro Account

Designed for experienced traders, the Pro Account offers tighter spreads starting from 0.0 pips, in exchange for a commission of $2 per side per 100,000 units traded (equivalent to $4 per round turn). Like the Classic Account, it supports market execution and provides access to Forex, CFDs on stock indices, commodities, and bonds. The minimum deposit required is $100.

VIP Account

The VIP Account is tailored for high-volume traders and institutional clients. It offers ultra-tight spreads starting from 0.0 pips and a lower commission of $1 per side per 100,000 units traded (equivalent to $2 per round turn). This account also features market execution and access to the same range of instruments as the other account types. The minimum deposit required for the VIP Account is $50,000.

Tickmill offers a good range of account options that cater to the needs of different types of traders, from beginners to professionals.

Tickmill supports trading in a range of base currencies, including USD, EUR, GBP, PLN, CZK, SGD, ZAR, CHF, AUD

This is important for two main reasons. Firstly, if you deposit funds into your trading account using the same currency as your bank account or if you trade assets in the same currency as your account's base currency, you can avoid paying conversion fees. Secondly, it allows for easier tracking and management of your account's funds, as all transactions are conducted in the same currency.

Deposit options

Tickmill offers a variety of deposit options to accommodate clients' preferences. The available deposit methods include:

1. Bank Wire Transfer: Clients can transfer funds directly from their bank account to their Tickmill trading account. Processing times may vary, typically taking between 1 to 5 business days.

2. Credit/Debit Cards: Tickmill accepts deposits made through major credit and debit cards, such as Visa and Mastercard. This method is generally faster, with processing times taking only a few minutes up to a few hours.

3. E-wallets: Tickmill supports various e-wallet services, including Skrill, Neteller, SticPay, FasaPay, QIWI, and UnionPay. These options usually offer instant deposits or processing times within a few hours.

4. Local Bank Transfers: In some regions, Tickmill offers the option to deposit funds using local bank transfers. This method provides a more convenient way to fund the trading account without incurring international transfer fees.

Please note that deposit options may vary depending on the client's country of residence, and there may be fees associated with specific deposit methods. It's essential to check the Tickmill website for the most up-to-date information on deposit options and fees applicable to your region.

Withdrawal options

Tickmill offers several withdrawal options to accommodate clients' preferences. The available withdrawal methods include:

1. Bank Wire Transfer: Clients can request a withdrawal of funds from their Tickmill trading account directly to their bank account. Processing times for wire transfers usually take between 1 to 5 business days.

2. Credit/Debit Cards: Tickmill supports withdrawals to major credit and debit cards, such as Visa and Mastercard. Processing times for card withdrawals may vary, typically taking between 1 to 5 business days.

3. E-wallets: Clients can withdraw funds using various e-wallet services, including Skrill, Neteller, SticPay, FasaPay, QIWI, and UnionPay. E-wallet withdrawals usually have shorter processing times, taking between a few minutes and up to 24 hours.

4. Local Bank Transfers: In some regions, Tickmill offers the option to withdraw funds using local bank transfers. This method allows clients to receive their funds without incurring international transfer fees.

Please note that withdrawal options and processing times may vary depending on the client's country of residence. There may also be fees associated with specific withdrawal methods. It's essential to check the Tickmill website for the most up-to-date information on withdrawal options and fees applicable to your region.

MetaTrader 4

Tickmill offers its clients the MetaTrader 4 (MT4) trading platform, which is a popular choice among traders for its user-friendly interface, advanced trading tools, and extensive customizability. The platform is available in different versions to cater to various devices and operating systems:

1. MT4 for Desktop: The desktop version of MetaTrader 4 provides a comprehensive trading experience with a wide range of charting tools, technical indicators, and Expert Advisors (EAs) for automated trading. This version is available for both Windows and macOS.

2. MT4 for Web: The web-based version of MT4 allows traders to access their accounts and trade directly from their internet browser, without needing to install any software. This version is compatible with most modern web browsers and operating systems.

3. MT4 for Mobile: Tickmill offers the MT4 mobile app for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The mobile app includes essential trading tools, real-time quotes, charting capabilities, and the ability to manage orders and positions.

MetaTrader 5

As a trader, the introduction of MetaTrader 5 (MT5) on Tickmill significantly enhances your trading experience. MT5 comes with an array of advantages that make it a cut above its predecessors. Firstly, it supports more trading instruments including stocks and futures, expanding your trading possibilities. Secondly, it offers a superior backtesting environment for algorithmic trading, with more timeframes, superior strategy tester, and real tick data, allowing you to test your strategy with greater accuracy. Thirdly, it provides improved order management capabilities (including a built-in forex VPS) to protect your trades and enhance execution speed. Finally, its user interface is highly customizable and features advanced charting tools, making it more intuitive and trader-friendly. MT5, therefore, not only empowers you with broader trading capabilities but also delivers a more sophisticated and effective trading environment.

Tickmill offers a range of financial instruments across various markets for its clients to trade. Some of the key markets and products available at Tickmill include:

Forex

Tickmill provides access to over 60 currency pairs in the foreign exchange market, including major, minor, and exotic pairs. Forex trading is available with competitive spreads, low commissions, and leverage depending on the client's account type and regulatory restrictions.

Stock Indices

Clients can trade CFDs on various global stock indices, such as the S&P 500, NASDAQ 100, FTSE 100, DAX 30, CAC 40, and more. Trading stock index CFDs allows clients to speculate on the performance of an entire index without owning the individual underlying stocks.

Commodities

Tickmill offers CFD trading on popular commodities like gold, silver, crude oil, and natural gas. These instruments enable clients to diversify their trading portfolios and potentially benefit from changes in the global economy and market conditions.

Bonds

The broker also provides access to CFDs on government bonds, such as German Bunds and US Treasuries. Trading bond CFDs allows clients to speculate on interest rate movements and the overall health of global economies.

Please note that product offerings may vary depending on the client's country of residence and the specific Tickmill entity they trade with. It is essential to check the Tickmill website for the most up-to-date information on available markets and products for your region.

Tickmill offers a variety of research tools and resources to help its clients make informed trading decisions. Some of the key research materials provided by Tickmill include:

Market analysis

Tickmill's in-house team of analysts provides regular market analysis, covering various financial instruments and markets, such as forex, stock indices, and commodities. These analyses include technical and fundamental insights, trading ideas, and potential market-moving events.

Economic calendar

Tickmill offers an economic calendar on its website, which lists upcoming economic events and data releases that may impact the financial markets. The calendar helps traders to anticipate and prepare for potential market volatility.

Trading Guides and Articles

The broker offers a range of educational materials, including trading guides, articles, and video tutorials. These resources cover topics like trading strategies, market analysis, and platform usage, catering to traders of all experience levels.

Trading Calculators

Tickmill provides a suite of trading calculators on its website, helping clients calculate essential trading parameters such as margin, pip value, and swap rates. These tools assist traders in planning their trades and managing their risk more effectively.

While Tickmill offers a decent range of research tools and educational materials, some traders may find it lacks certain advanced features, such as customizable charting tools, in-depth market screener, or sentiment indicators, which are available with some other brokers.

Tickmill is committed to providing educational resources to help traders at all experience levels enhance their trading knowledge and skills. Some of the key educational materials and tools provided by Tickmill include:

Webinars

Tickmill conducts webinars on various trading-related topics, such as technical analysis, fundamental analysis, risk management, and trading psychology. These webinars cater to traders of different experience levels and help improve their overall trading skills.

Video Tutorials

Tickmill offers video tutorials on a wide range of topics, including platform usage, charting techniques, and trading strategies. These videos provide visual guidance, making it easier for clients to understand and apply the concepts being discussed.

Trading Guides and Articles

The broker provides a collection of trading guides and articles that cover essential trading topics, such as market analysis, trading tools, and risk management. These materials are designed to help traders build a strong foundation in trading and expand their knowledge base.

Glossary

Tickmill features a glossary on its website, which includes definitions of commonly used trading terms and concepts. This resource is particularly helpful for beginners who are new to the world of trading and need clarification on industry-specific terminology.

Forex eBook

While Tickmill's educational resources are beneficial to traders, it is essential to complement these materials with independent research, practice, and continuous learning to develop and refine trading strategies and skills over time.

Demo accounts

Live chat

Tickmill's website features a live chat function that allows clients to connect with customer support representatives in real-time. This option is convenient for getting quick answers to questions or resolving issues promptly.

Email

Clients can reach Tickmill's customer support via email for any inquiries or concerns that require more in-depth explanations or documentation. The email support typically responds within 24 hours during the business week.

Phone Support

Tickmill provides phone support, allowing clients to speak directly with customer service representatives for more personalized assistance. Phone numbers for various regions are listed on the broker's website.

Callback Service

Clients can request a callback from Tickmill's customer support team at a convenient time by filling out a form on the broker's website. This service ensures that clients can receive assistance without waiting on hold during peak hours.

Help Center

Tickmill offers a Help Center on its website, which contains a comprehensive collection of frequently asked questions (FAQs) and their answers, covering various topics like account opening, deposits, withdrawals, trading conditions, and platform usage.

Social Media

Tickmill maintains a presence on several social media platforms, such as Facebook, Twitter, and LinkedIn. Clients can follow the broker's channels for updates, news, and occasional support.

While Tickmill offers a variety of customer support options, response times and availability may vary depending on the client's region and the specific Tickmill entity they are dealing with. It is essential to check the broker's website for the most up-to-date contact information and support options for your region.