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6.1

Tickmill Broker Review 2024: Are They A Good Broker?

(3 customer reviews)
6.1/10 (Expert Score)
Product is rated as #19
Trust
6.5
Fees
6.5
Platforms and Tools
6.5
Customer Support
4.5
Tradeable Instruments
5
Account Types and Terms
5
Deposit and Withdrawals
6.5
Research and Education
8
Tickmill
6.1
Expert Score
#19 rated Forex Brokers
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ZFX
7.6
Expert Score
#3 rated Forex Brokers
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Tickmill Overviews


Tickmill is an online CFD broker that was founded in 2014 and started providing brokerage services in March 2015. This MetaTrader only broker currently has over 300 thousand global clients and offices in Seychelles, Malaysia, and South Africa. This Tickmill review will break down Tickmill as a broker and everything they have on offer for prospective clients.

Tickmill Broker Review 2024: Are They A Good Broker?

Tickmill is an online CFD broker that was founded in 2014 and started providing brokerage services in March 2015. This MetaTrader only broker currently has over 300 thousand global clients and offices in Seychelles, Malaysia, and South Africa.

Clients can use MetaTrader4 or MT5 as their trading platform. Although this broker has a mobile app, it is only for account management. Their site has an appealing and sleek design filled with a robust customer support system available in many languages which will be explored further in this Tickmill review.

The broker has quite an array of trading resources and material available to clients and non-clients alike, and when signing up with this broker, you can choose one of three retail CFD accounts. This Tickmill review will break down Tickmill as a broker and everything they have on offer for prospective clients.

Broker Feature Overview
Type of Broker Forex CFD Broker
Regulation & Licensing ·         Australian Securities and Investments Commission (ASIC)

·         Cyprus Securities and Exchange Commission (CySEC)

·         Financial Services Authority of Seychelles (FSA) in Seychelles and Malaysia

·         Financial Sector Conduct Authority (FSCA)

·         Financial Conduct Authority (FCA)

Applicable Countries Allowed To Trade Not specified
Assets Offered Forex, stocks, indices, metals, energies, bonds, crypto
Platforms Available MT4 and MT5 (Windows, Mac, Android, Web)
Mobile Compatibility Yes, but only account management
Payment & Withdrawal Options

 

·         VISA and Master Card

·         Bank Transfer

·         Crypto Payments

·         Skrill

·         Neteller

·         STICPAY

·         FasaPay

·         UnionPay

·         Web Money

Facts About Tickmill
  • Regulated by multiple authorities
  • Has MetaTrader4 and MT5
  • Three "basic" trading accounts
  • Able to trade CFDs
  • No commissions
  • Trade CFDs
  • Available assets are forex, indices, metals, stocks, bonds, crypto
  • Over 300,000 global clients
  • Regulated by ASIC, CySEC, FSA, FSCA, FCA
  • Over 250 global employees
  • Minimum deposits of 100 USD
  • Minimum withdrawal of 25 USD

Pros and Cons


PROS
  • Regulated by multiple authorities
  • Has MetaTrader4 and MT5
  • Three "basic" trading accounts
  • Able to trade CFDs
  • No commissions
  • Good customer support
  • Good trading resources
  • Good trading education
CONS
  • Mobile app is only for account management
  • Commission on two of the three trading accounts
  • Can't trade commodities
  • The minimum deposit is 100 USD, regardless
  • No mobile trading app

Is Tickmill Safe? Broker Regulations


Tickmill is owned and operated by the Tickmill Group. Essentially this means that they have entities that operate under the “Tickmill” name around the globe, such as Tickmill UK Ltd and Tickmill Asia Ltd. When a broker runs their business like this, they will typically need to be licensed by the financial regulatory authorities overseeing those regions. For example, Tickmill UK Ltd should be regulated by a UK body. The good news is that Tickmill is indeed registered and licensed with multiple authorities in the respective regions they operate in;

  • Tickmill Group consists of Tickmill UK Ltd, regulated by the UK Financial Conduct Authority (Registered Office: 3rd Floor, 27 – 32 Old Jewry, London EC2R 8DQ, England),
  • Tickmill Europe Ltd, regulated by the Cyprus Securities and Exchange Commission (Registered Office: Kedron 9, Mesa Geitonia, 4004 Limassol, Cyprus),
  • Tickmill South Africa (Pty) Ltd, FSP 49464, regulated by the Financial Sector Conduct Authority (FSCA) (Registered Office: The Pavilion, Cnr Dock and Portswood Rd, V andA Waterfront, 8001, Cape Town),Tickmill Ltd, Address: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles, regulated by the FSA of Seychelles and its 100% owned subsidiary Procard Global Ltd, UK registration number 09369927 (Registered Office: 3rd Floor, 27 – 32 Old Jewry, London EC2R 8DQ, England),
  • Tickmill Asia Ltd – regulated by the FSA of Labuan Malaysia (License Number: MB/18/0028 and Registered Office: Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 FT Labuan, Malaysia).

They are regulated by the FCA, CySEC, FSCA, and FSA (both in the Seychelles and Malaysia). This is great because as a company regulated by several regulatory frameworks, in a way, makes them “more reputable” and a “safer” choice over other brokers in the financial global markets who are not regulated.

Among the regulatory bodies that Tickmill is licensed with is a notable one in forex trading or currency trading, Seychelles Financial Services Authority (FSA). For forex traders, the Seychelles Financial Services Authority is usually an indicator that the forex broker licensed by it, would be able to provide lower fees. An example of a safe and reliable broker regulated by the FSA is JustMarkets Ltd (operated by Just Global Markets). You can find out more about JustMarkets Ltd here.

We can also head to the awards page on their site to see what achievements they hold, and they do have quite a few. These include awards for;

 

Awards are a great way to see if a broker is recognized in the industry or the financial global markets as having top-tier services. You can visit this link to see all the awards they hold. Then if we have a look at their Trustpilot score for an overall Tickmill review from 470 traders, we can see that they have an overall rating of 4 stars out of a possible 5. Additionally, in terms of ease of finding a Tickmill review, they proudly show their Trustpilot review score on their website, and you can find it in the footer section.

 

  • Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Authority of Seychelles (FSA) in Seychelles and Malaysia
  • Financial Sector Conduct Authority (FSCA)
  • Financial Conduct Authority (FCA)

What Can I Trade with Tickmill?


Tickmill lets you trade CFDs in the forms of forex, stock, indices, energy and precious metals, bonds, and crypto. This type of CFD instruments list is usually what you would find from an international online CFD broker, and there is nothing too “fancy” here. Let’s look at their CFD instruments offerings in a bit more detail.

Remember that CFD trading is not actually buying or selling the underlying asset but rather speculating on its price movements and comes with high risk.

Forex Trading

Forex or currency trading with a forex broker has a lot to do with which currency pair and range of forex or currency pairs they offer. Looking at Tickmill’s forex page, they don’t have much information on which currency pair they offer in the forex market. Instead, the page is set up to somewhat explain what forex is. You will have to look at their life price quote chart to get a list of all the forex pairs they offer. When doing so, we can see that they offer just over 60 currency pairs, and you will be able to find all the majors, minors, and exotics here to trade.

 

 

Stock Trading

In terms of CFD stocks, this broker offers just over 100 in total, which is considered average to below compared with some other brokers out there. You can view this list here to see what they offer, but you can expect to find all the typical and most popular global stocks from Apple to Zoom.

Cryptocurrency Trading

The cryptocurrency trading section has an identical layout, but you are able to find some information about the asset list here. The leverage is 1:200 with 24/7 trading and has an execution time that averages 0.20 seconds. Again, you will find the most popular coins here, and any crypto enthusiast who is looking to trade crypto CFDs will find what they need.

Metals and Energies Trading

The only information the Tickmill provides for metals and energies is to show (with a table) clients can trade only gold and silver. Compared to other brokers, this is truly the bare minimum when it comes to commodities. We still can’t seem to find oil anywhere on their live quote list. Also, the link they provide to their full metals list is just a redirect to their forex list.

 

 

Bond Trading

One nice thing about the broker is that they offer the opportunity to buy bonds if you choose to. However, the asset list here only comprises of 7 bonds in total and mainly consists of EUR bonds, so this may not be for everyone.

 

 

Indices Trading

Moving to the indices section, we find the layout to be the same, where they explain what indices are and then give you a short table of which are available with a link to their entire list. For some reason, they put “oil” in the heading with indices; however, oil is a commodity or “energy,” and looking at the assets list for indices, it is not included here.

 

 

  • Cryptocurrency
  • Stocks
  • Forex
  • Metals and energies
  • Bonds
  • Indices

How to Trade with Tickmill?


Technically there are only two ways to trade with Tickmill, even though the dropdown in the trading platforms section gives you quite an array. Essentially you will be able to trade using a MetaTrader trading platform, and then they have a mobile app, but we will discuss that further.

Tickmill offers you the choice between a few different “versions” of MetaTrader platforms, and they are;

  • MT4
  • MT5
  • Web Terminal
  • Mac

This may seem like a few options for MetaTrader, but when this software is on offer, it is usually packaged this way for most trading platforms allowing most traders to access it.

Looking at the MT4 page, the layout is the same as the previous asset pages. This broker does not give breakdowns or information but rather structures their pages from a marketing perspective. Here are some features that Tickmill has for MT4;

  • CFDs on Forex, Stock Indices, Commodities, Bonds, and Cryptocurrencies
  • Execute your order with no partial fills as a result of our huge depth of liquidity
  • There are EA trading facilities by using the Tickmill VPS services
  • Advanced Technical Analysis, over 50 Indicators, and customizable charting in 39 languages
  • There are Trading Signals with an advanced notification system

Note that these features are standard in all versions of MT4. Then for MetaTrader5, here are some key features that they list;

  • CFDs on Forex, Stock Indices, Stocks, Commodities, Bonds, and Cryptocurrencies.
  • All trade orders are supported—six Pending orders, including Limit, Stop, and Stop-Limit orders
  • It features Superior Algorithmic applications, including Expert Advisors, Trading Robots, and Copy Trading
  • There are over 38 integrated Indicators, 21 timeframes, and multiple customizable charts
  • Built-in Economic Calendar

Once again, these features are included in MetaTrader trading platforms and are not exclusive to this broker. It should be noted that both MT4 and MT5 are available for Windows, Mac, Android, and through the Web Terminal.

 

 

Then Tickmill does have a mobile app, and even though it is placed under trading platforms, this software is not actually a trading app. It is only an account manager app. Essentially it lets you manage your live trading accounts in terms of the following;

  • Create accounts
  • Manage documents
  • Access live chat support

Then you are also able to deposit, withdraw and manage your funds from the app. Do not be confused because other brokers like ZFX actually have a mobile trading app that allows you to trade straight from your smart (mobile) devices, and the Tickmilll app does not have this feature.

 

 

Feature MetaTrader 4 and 5 Tickmill Mobile App
One-Click or One-Tap Trading Yes No
Trade Straight off  Charts Yes No
Email Alerts or Push Notifications Yes No
Mobile Alerts Yes No
Stop Order Yes No
Market Order Yes No
Trailing Stop Order Yes No
OCO Orders (One-Cancels-The-Other) Yes No
Limit Order Yes No
24hr trading Yes No
Charting Package Yes No
Streaming News Feed Yes No

  • MetaTrader 4 (Windows, Mac, Android, Web Terminal)
  • MetaTrader 5 (Windows, Mac, Android, Web Terminal)
  • Tickmill Mobile App (only for account management)

How Can I Open Tickmill Account? A Simple Tutorial


Opening an account with this broker is quite straightforward, and we will walk you through the process step-by-step. You will first need to head to the Tickmill website. Make sure that you look at the site’s top header and select the region you are based in. These are actual redirect links to the appropriate domains and entities for those specific regions.

 

 

Once you have done that, you will need to click the “create account” button. Take note that we will be walking you through how to open a live account and that this is not a tutorial to open a demo account. However, the steps are very similar to that of opening a live account.

 

 

You will then be taken to the account creation page, where you will be able to see that registration with this broker is a 5-step process.

 

 

For the first section, you will need to select whether you are an individual or a corporate entity. Also, note that they state you will need specific documentation to open an account.

 

 

You will then need to fill in your personal details, including your name, middle name, last name, and date of birth.

 

 

Following that, you will need to provide your country of Residence. Tickmill will locate your IP address, and you should have chosen the correct entity. In any regard, you will be prompted with the information about which entity you will be signing up with and what programs are available for your specific region. Here you will also need to agree to the Tickmill privacy policy.

 

 

Following that, you will need to insert your phone number, email address, and preferred language. This will be the language that your dashboard is set to, so be sure to set this here correctly.

 

 

The next step is for you to check your Email and then verify that it is yours and that Tickmill has sent you the verification link. This is because you will need to click on it to continue with the registration process. Once you have clicked on the link you will be redirected to the registration page and need to continue. You will fill in your nationality, physical address, and tax identification number here.

 

 

You will then be prompted with the next section that will ask you to create and confirm your password, after which you will need to agree to more of Tickmill’s terms and conditions.

 

 

It should be noted that registration for Tickmill is quite a lengthy process. Even then, after your account is created, you will still need to fill in and upload some more information until you can actually head to the client dashboard area.

Why Choose Tickmill Retail investor accounts

A retail investor account allows retail clients to participate in the financial markets for forex trading, trading CFDs, and trading financial instruments. These retail clients being individual or retail traders, at times known as non-professional traders, have much smaller purchasing power than institutional investors.

More than this, when used prudently, retail clients stand a chance of being successful traders through the use of leverage, stop-loss, take profit, and other trading tools. For this reason, it’s vital that before they start trading, retail clients pick the best broker, trading platform and trading account.

Tickmill’s retail CFD accounts offer tight spreads, low liquidity, and a wide choice of trading platforms, but a trader should understand that retail investor accounts lose money when trading cfds more significantly than with other trading methods. Before deciding to start trading with Tickmill, regardless whether it’s forex traders intending to solely focus on forex trading or trade other instruments as well, they can always practice trading with Tickmill’s demo account.

You can visit their fund protection information here and risk warning here.

  • Head to the Tickmill website
  • Choose your correct region from the top header
  • Click on the "create account" button
  • Follow the steps that you are prompted with
  • Get to the Email screen and fill in your Email address
  • Check your Email for a verification mail
  • Click on the link and continue with the registration
  • Fill in all required fields till you get to "legal"
  • Click on the "create" account button

Tickmill Charts and Analysis


Tickmill offers quite an array of trading resources, education, and material. If you look at the image below of the “client tools,” you will see everything in terms of trading resources available to clients and non-clients.

It should be noted that many of the “tools” that Tickmill lists as part of their trading resources are part of MT4’s standard features and functionality, so we will not be covering these aspects. This is because other brokers who use MetaTrader as their trading software will also have this included, so for a broker to have these features is not uncommon.

Hence, the trading platform features and resources we will be looking at include the following;

  • Webinars
  • Seminars
  • Ebooks
  • Video Tutorials
  • Forex Glossary
  • Fundamental analysis
  • Technical analysis
  • Articles
  • Market Insights

First up is the Webinars section, and this page is pretty straightforward. It just shows a list of webinars along with the upcoming date for each. Here you will find webinars in various languages that cover all topics of trading, market analysis, and news. You will only need to click on the corresponding link to register for a seat for the webinars you wish to be a part of.

 

 

The seminars sections outline previous and upcoming seminars that Tickmill holds live in various regions. From Vietnam to Columbia, these seminars cover all aspects of the company, trading, the markets in general, and a general QA forum. The process for registering for these live seminars is the same process as the webinar; however, you will be attending these in person.

 

 

One great form of trading resource the Tickmill offers is its eBook collection. There are five eBooks in total that anyone can download (not restricted to clients). The topics covered are;

  • Knowing your trading costs
  • An In-Depth Look At Risk Management
  • The Ultimate Guide to Becoming an IB
  • Introduction to Fibonacci Analysis
  • Trading the Majors

Although these eBooks don’t cover everything, it is a nice touch that you can download them and go over them in your own time without having to view the resources on the website.

 

 

Their video tutorial section is also quite robust, and you will find many videos on the basic concepts of trading, how to trade, market analysis, trading psychology, trading strategies, and more. We regard this section as quite good compared to most other brokers. The design of this section is very pleasing and straightforward, with the video explanations being animated.

 

 

The infographics section is almost like a news feed, but it is delivered with infographics. However, this section was only updated once in 2022 and, as of yet, has not been updated since. It is nice to have financial news and data delivered through images in this way. It is just a pity that it is so infrequent.

 

 

We then have their “forex glossary” section, which outlines and explains typical trading “slang” or “jargon” that traders and investors know and use. In the glossary section, you will find terms alphabetically categorized, and although not many terms and definitions are listed here, there are still quite a few. It should be noted that the layout and design of all the trading resources are very sleek and easy to consume, which is a good thing, especially if you are new to trading and the world of finance.

 

 

The fundamental analysis section is a blog based on the market fundamentals, news updates, and potential positions based on this type of analysis. Fundamental analysis is based on understanding what the markets are doing and the economy. For companies, it relates to their ongoing and their financials. This is the very basic concept of what fundamental analysis is based on. The blog here is quite detailed and is up to date. You can expect to fund fundamental analysis on all market aspects here, posted at least twice or thrice a week.

 

 

The technical analysis section is pretty much identical to that of the fundamental analysis blog. The only difference is that this “blog” focuses on indicators and charting. You should visit this section if you base your trading on technical tools. It is updated approximately three times a day. This is not uncommon if you are looking for positions throughout the day on various instruments.

 

 

Second to last is the “articles” section, which consists of another blog but is only based on the global economy and other aspects of financial news. There is no market analysis you will find here, only global financial news that is current. The one thing to note is that this blog is updated quite often, but you will need to look at the sidebar because the page feed only shows “old” articles. This is something to be aware of.

 

 

The last “blog” that Tickmill has is centered on market insight. You can say that this section is a combination of fundamental analysis and market news. These two aspects usually make up a market insight section. It is not necessarily a prediction of anything; rather, with news and analysis, you get a deeper insight into the markets. This market insight section from Tickmill is yet another form of quality in terms of trading resources you can find from this broker.

 

The last thing to note about all these sections is that they are free; anybody can visit their site and use these materials at their leisure. However, the trading materials that we did not go over because they are standard in MetaTrader will need you to have a Tickmill trading account.

  • Webinars
  • Seminars
  • Ebooks
  • Video Tutorials
  • Forex Glossary
  • Fundamental analysis
  • Technical analysis
  • Articles
  • Market Insights

Tickmill Account Types


Tickmill has three accounts to choose from in total. Remember that this broker only trades in CFDs, so there are no Share accounts or other accounts of that nature. Do remember this broker’s risk warning that trading accounts lose money more significantly with CFD trading than with other kinds of trading. These three accounts are only structured around forex or currency trading with specific benefits depending on which you choose. The accounts are;

  • Pro account
  • Classic account
  • VIP account

The Classic account is a zero-commission account with a max leverage of up to 1:500. Then the spread is from 1.6 pips with a minimum lot per trade being 0.01 lots. It should be noted that all accounts have a swap-free Islamic option, and then all base currency is in USD, EUR, or GBP. This swap-free account mostly beneficial for options trading which can incur heavy premiums.

The Pro account is based on commissions and there are 2 per side per 100,000 traded. However, the spread here is from 0.0 pips depending on the asset highly benefitting those taking part in day trading or same day trading. As with the Classic account this has no minimum balance requirement. Additionally, all accounts are “basic,” and there is nothing “out of the ordinary” for any of them.

Lastly, you get the VIP account which is also commission based, but you are looking at 1 per side per 100,000 traded with a spread, again, from 0.0 pips depending on the instrument. They do not specify what base currency this is, but typically, it will be USD. Max leverage on this account, as with the others, also goes up to 1:500, but this account will need you to have a 50,000 minimum.

 

 

Forex CFD Broker Pro Classic VIP
Features MT4, MT5, and mobile manager app MT4, MT5, and mobile manager app MT4, MT5, and mobile manager app
Account Currencies USD, EUR, GBP USD, EUR, GBP USD, EUR, GBP
Available Leverage 1:500 1:500 1:500
Minimum Deposit N/A N/A N/A
Commission Per Trade 2 per side per 100,000 traded Zero Commission 2 per side per 100,000 traded
Trading Instruments Forex, stocks, indices, metals, energies, bonds, crypto Forex, stocks, indices, metals, energies, bonds, crypto Forex, stocks, indices, metals, energies, bonds, crypto
Min. Lot Size Per Trade 0.01 0.01 0.01
Max. Lot Size Per Trade Not specified Not specified Not specified
Spreads 0.0 pips 1.6 pips 0.0 pips
Demo Account Yes Yes Yes
Swap/Rollover Free Yes Yes Yes
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Copy Trading Support Yes Yes Yes
Available to US Residents No No No

 

  • Pro account
  • Classic account
  • VIP account

Do I Have Negative Balance Protection with This Broker?


Tickmill does not provide much information on its negative balance protection policy, but they do state that they have it in this section of its website (as you can see from the image below).

 

 

We did find that the Europe entity had a link on Google referring to clients under that entity having negative balance protection, but that link returned a 404 error. It is a safeguard for a client’s account if you don’t know what negative balance protection is. Many top-tier brokers implement this policy. It is put in place, so clients do not have to worry about their accounts going into the negative from a bad trade. This is especially beneficial when trading with this CFD broker where traders’ accounts lose money more so than in other types of trading. The broker will essentially absorb all losses in an event such as that.

Here, new traders apprehensive about trading with Tickmill can feel safe in the knowledge that they are protected by this broker.

  • Yes, they have negative balance protection

Tickmill Deposits and Withdrawals


There are six methods that Tickmill provides in order for clients to deposit and withdraw funds. You can find this information on their site here. When it comes to processing payment transactions, they state that some options will vary depending on the region you are based in. This means that some may not be available to you, depending. For example, EU traders would be better off using an EU merchant company. This is not anything new and is the case with many brokers and their payment gateways.

The minimum for deposits for most methods is about 100 USD or the equivalent in other currencies. Remember that the account types don’t have a minimum balance requirement, but you will need to deposit 100 USD each time you make a payment. The methods for deposits are;

  • VISA and Master Card
  • Bank Transfer
  • Crypto Payments
  • Skrill
  • Neteller
  • STICPAY
  • FasaPay
  • UnionPay
  • Web Money

For the most part, this covers the majority of the “popular” methods that many other brokers use, and you should find an option here that suits you and is available in your region. The time for deposits also depends on the payment system; it can be anything from instant (using Skrill, Neteller, etc.) to taking up to a day (using Bank Transfer or Crypto Payments).

 

 

The same methods for depositing funds will apply to withdrawals, and the processing of the fees will also vary here. The minimum withdrawal is set to 25 USD, and there are no commission charges for both deposits or withdrawals.

This is a good policy that many brokers now employ; if you are looking for a broker, this type of “feature” should be standard.

  • The minimum deposit for all accounts is 100 USD or equivalent
  • VISA and Master Card
  • Bank Transfer
  • Crypto Payments
  • Skrill
  • Neteller
  • STICPAY
  • FasaPay
  • UnionPay
  • Web Money

Support Service for Customer


One thing about Tickmill is that their customer service section is one of the most robust we have come across. Heading to the “contact us” section of the site, you will find information on the broker’s three offices. These are situated in South Africa, Malaysia, and Seychelles. Everything from their regulation and license number to the company registration number and Google maps is available.

Then you also have channels of support for each office that include the client support number, the office number, and the official working hours of that particular office. Support via Email is also an option, and this is given;

It is best to view the site to see which regions, contact information, and operating hours are for your specific region.

 

 

You will also find a contact form on the page, which is an easy way to get in touch with support via mail. This is also great if you have a quick question and don’t want to draft an entire email. Another way you can get a quick answer to a question you may have is by using the live chat feature that they also implement. This is accessible from any page on their website and should be a popup located in the bottom right-hand corner.

One aspect of their live chat feature that not many other brokers employ is that of regional-based language. When using the live chat feature, you can select your local language, and Tickmill has its bases covered in this area. However, one thing to note is that the regional support teams work at different hours, so you will need to see if a representative is available to you.

 

 

Tickmill Customer Support Overview
Supported Languages English, Arabic, Chines, Deutch, Indonesian, Italian, Korean, Polish, Portuguese, Spanish, Thai, Turkish, Vietnamese, Malay, Russian, Filipino
Customer Service By Tickmill
Customer Service Hours Varies, depending on the region
Email Response Time Within 24 hours
Telephonic Support Yes
Personal Account Manager No (a representative)

  • Supported Languages: English, Arabic, Chines, Deutch, Indonesian, Italian, Korean, Polish, Portuguese, Spanish, Thai, Turkish, Vietnamese, Malay, Russian, Philippine
  • Customer Service Channels: Forums, Manuals, Contact Forms, Email, Live Chat, Support Email
  • Customer Service Hours: Region-based

Prohibited Countries: Where Can I Not Trade with this Broker?


Tickmill doesn’t state which countries they are not allowed to operate in. Typically, many brokers will put some partial information concerning jurisdictions at the bottom of their website in their footer. When viewing this section of Tickmill, we only find that they provide information on the US and state that they do not operate, nor is any of the information intended for the US.

 

 

Even through the many documents they provide, there is no reference to prohibited or allowed countries per se. The only information we could find regarding this was in their terms and conditions, and it was a broad term probably stated that way for legal reasons.

 

 

Remember that brokers and the entities they operate in will be restricted from operating in specific regions due to laws, regulations, financial authorities, sanctions, and more. If the broker does not provide this information, then we can only assume that sanctioned countries are on the “ban” list. However, it would be best to check with support to see if you are able to open up an account with this broker based on your region.

  • North Korea
  • Iran
  • Belarus
  • USA

Special Offers for Customers


Tickmill offers three types of promotions. The first is the typical welcome bonus that most brokers offer when a new client signs up. When opening up an account with the broker, clients will receive a 30 USD bonus that will be added to their account. One thing to note is that you have to visit this page here and not register via the normal method we detailed above. Also, Tickmill promotions are specific to various regions, so some promotions may not apply, depending.

 

 

The next “promotion” that this broker offers is their “Trader of the Month,” whereby top-performing traders get a 1,000 USD prize each month. An additional reward is that you are featured on their “wall of fame,” where other traders can see your profits for the specific months you were profitable.

Then lastly, Tickmill has somewhat of a strange promotion that surrounds the Non-Farm Payroll (NFP). The competition is pretty simple. During every NFP week, the broker will choose an instrument, and they will challenge clients to guess the price on MT4. Guessing correctly will win you 500 USD, but if the correct price is not predicted, the trader with the closes prediction will win 200 USD. Additionally, Tickmill also has a Wall of Fame for this competition.

 

 

  • Welcome bonus
  • Trader of the Month
  • NFP competition

Tickmill Review Conclusion: Reputable Broker with Easy-to-use Platform


Tickmill is an online broker that is regulated by many financial authorities for the regions they operate in. Additionally, some of these authorities are regarded as top-tier, and with this alone, we would regard Tickmill as safe and reliable. The authorities that regulate them are ASIC, CySEC, FSA, FSCA, and the FCA.

On Trustpilot, a positive Tickmill review from clients can be found, not to mention that the broker holds numerous awards. They have over 300,000 clients with over 250 global employees, and with all this information, we would regard this broker as quite safe and reputable.

Summary and Key Takeaways


Tickmill is a CFD broker that deals in forex, stocks, indices, crypto, metals, and bonds. They do not offer commodities except in the way of gold and silver. The broker offers three account types to clients, which is typically standard for a “normal” CFD broker.

  • Trade CFDs
  • Available assets are forex, indices, metals, stocks, bonds, crypto
  • Over 300,000 global clients
  • Regulated by ASIC, CySEC, FSA, FSCA, FCA
  • Over 250 global employees
  • Three trading accounts
  • Minimum deposits of 100 USD
  • Minimum withdrawal of 25 USD
  • Good customer support

FAQs


Is Tickmill a good broker?

Tickmill is regarded as a good broker because they are regulated by multiple financial authorities around the globe, including;

  • Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Authority of Seychelles (FSA) in Seychelles and Malaysia
  • Financial Sector Conduct Authority (FSCA)
  • Financial Conduct Authority (FCA)

What is the minimum deposit for Tickmill?

The minimum deposit for Tickmill is 100 USD or the equivalent. This goes for all payment methods, including bank cards, bank transfers, and e-wallets.

What is the Tickmill minimum withdrawal?

The minimum withdrawal for Tickmill is 25 USD. This goes for all payment methods, including bank cards, bank transfers, and e-wallets.

Is Tickmill good for beginners?

Tickmill is good for beginners for a number of reasons. Their trading software is standardized (MT4 and MT5), they have a ton of trading resources and educational material, and they have good customer support.

3 reviews for Tickmill Broker Review 2024: Are They A Good Broker?

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  1. Jennifer

    Hello everyone, are you new to FOREX trade or Cryptocurrency trade binary options trade  or you are looking for an expert to trade and manage your account for you or Do you have funds you wish to withdraw from your binary broker Forex trade or crypto currency ? or you are having withdrawal problems with your account and you don’t know how to go about it. feel free to contact christdavid058@gmail.com and he will guide you on how to get back your funds in an interval of one week.

    + PROS: Lost
    - CONS: Lost
    Helpful(0) Unhelpful(0)You have already voted this
  2. tommy robin

    Investing online has been a main source of income. That’s why knowledge plays a very important role in humanity, you don’t need to overwork yourself for Money, all you need is the right information, and you could build your own wealth from the comfort of your home! Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases the chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly, just file a complaint with Kathy lien, I had almost given up on everything about binary trading and ever getting my Lost funds back, till I met with her, with her help now I have my lost funds back to my bank account and I can now trade successfully with her profitable strategies and software!! Email: Kathylien747 @ g m ail . com

    + PROS: Effective
    - CONS: Negative
    Helpful(0) Unhelpful(0)You have already voted this
  3. catherin hemon

    It’s unfortunate that many fell victim to these scam platforms. Thankfully, was able to resolve the issue by reporting to Westinghousef.com. Their assistance in recouping our investments was invaluable. Grateful for their support during a challenging time. do mention Sally as it will give preferntial treatment

    + PROS: N/A
    - CONS: N/A
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    Tickmill Broker Review 2024: Are They A Good Broker?
    Tickmill Broker Review 2024: Are They A Good Broker?
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