Tickmill Broker Review - A broker that you can trust

Recommended
tickmill.com
nika
Written by:
Av
armand
Calendar
Written on:
26 June 2022
Date
Last edit:
25 July 2023
Our rating:
7.6

7.6

User rating:
6.29

6.29

Recommended

Tickmill Broker Review - A broker that you can trust

tickmill.com
nika
Written by:
Calendar
Written on:
26 June 2022
Date
Last edit:
25 July 2023
Our rating
7.6

7.6

User rating
6.29

6.29

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.
See how Tickmill compares to it's closest alternatives.
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Main summary

Tickmill was established in 2014 and it is trusted by more than 270,000 clients around the world. Tickmill provides a wide range of trading services that attract many traders to this platform. They uphold strict regulations that ensure the security of the investors’ capital.

Tickmill is regulated by top authorities that set the guidelines for this financial brokers’ behavior. These licenses include the FCA, CySEC, FSA, Labuan FSA, and FSCA. Additionally, it is observed by different financial commissions in Germany, Italy, France, and Spain, which make the broker a highly secure source for financial traders to make money.

Whether you prefer trading currencies, stock indices, commodities, bonds, or cryptos, you can find everything you are looking for, with variable leverage and minimum spread for all the assets. There is definitely more to explore with this broker, and if you want to start trading with a reliable company, this Tickmill broker review will help you understand everything about this company. 

Here Are the 9 Pros and Cons

  • Licensed by top authorities like the FCA, CySEC, FSCA, and FSA
  • Website supports14 languages
  • No deposit & withdrawal fees
  • Sufficient educational material and research tools
  • Used by +270,000 traders around the world
  • No stock trading
  • Limited selection of tradable assets
  • The minimum withdrawal amount is $25
  • Demo account expires after 7 inactive days

Tickmill Fact sheet

Main features
Regulations UK, Cyprus, South Africa, Seychelles, Malaysia
Fees on deposits 0 USD for Credit Card and Domestic Bank Wire. Other payment methods cost 0.5%+.from the amount
Fees on withdrawal 0 USD
Inactivity fees 0 USD
Minimum deposit 100 USD or €100 or £100
Minimum account activation 100 USD. Minimum Balance of $50,000 is required to maintain VIP account
Number of available assets 102
Leverage up to 1:500
Available trading markets Bonds, Commodities, Cryptocurrencies, Forex, Indices, Stocks
Account currencies USD, EUR, GBP
Demo account Yes
Live account types Classic account, Pro account, VIP account
Islamic account Yes
Security
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Assets
Forex 62
Shares 0
Cryptocurrencies 8
Indices 25
Commodities 7
Total 102
Fees & spread
Forex From 0 pips. 0.2 Avg spreads on EUR/USD Raw account
Shares N/A
Cryptocurrencies From 0
Indices From 0
Commodities From 0
Software
Platforms MetaTrader 4, MetaTrader 5
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, Fasapay, Neteller, Skrill, UnionPay
Minimum deposit Bank Transfer, Credit/Debit Card, Fasapay, Neteller, Skrill, UnionPay
Minimum withdrawal Bank Transfer, Credit/Debit Card, Fasapay, Neteller, Skrill, UnionPay
Withdrawal processing time Up to 1 Business day. Most deposits are instant and most withdrawals take up to 1 working day
Time to open an account -
Show all

Safety & Security of Tickmill 

There are different regulatory bodies that observe the business conduct of this broker, which makes Tickmill a secure and safe broker. These authorities set the financial guidelines for transactions in different locations around the world.

All traders look for licensed brokers to secure their capital from fraudulent activities and to trade confidently. When the broker is regulated by several authorities and jurisdictions it means that any attempt at illicit activity will put the broker in trouble. There are hefty penalties that can be imposed on regulated brokers, and in severe cases, the broker’s business license might be revoked.

Tickmill abides by several regulators on different continents, which enables the broker to offer their services to as many traders as possible, under the following local licenses:

  • Financial Conduct Authority (FCA)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Sector Conduct Authority (FSCA)
  • Seychelles Financial Services Authority (FSA)
  • Labuan Financial Services Authority (Labuan FSA)

The broker also indicates the registry number of each license, and after checking on the proper authorities' websites, we found that these are legitimate licenses that are valid and active under Tickmill LTD, which proves that Tickmill is a reliable broker.

Additionally, Tickmill follows the financial laws in Germany, Italy, Spain, and France, which means that the broker is responsible to provide financial services for these traders under local laws, and this promotes more trust in traders. 

Policies that Tickmill follows

Tickmill incorporates different insurance tools such as negative balance protection and segregation of funds. Moreover, the broker is registered with several insurance schemes, which ensures the trader’s capital in case of insolvency. The following are in place:

  • MiFID II
  • Financial Services Compensation Scheme (FSCS)
  • Investor Compensation Fund (ICF)

According to these compensation funds, if the broker is bankrupt the trader will receive part of or all their investments back depending on the local laws. For example, under the FSCS, if the broker goes broke, each investor gets their money back up to £85,000.

Trading Instruments

There is a huge number of financial securities that you can trade in almost every market, such as Forex, stock indices, commodities, bonds, and cryptocurrencies. CFD trading is offered in all these markets, which gives faster order execution, more trading options, and smaller fees than regular trading.

The leverage varies between different securities. We discovered that the broker has 1:500 as the maximum leverage, but it can vary depending on your location and the local regulations.

You can go long or short with any market, using tight spreads that start from 0.1 on the currency pair EUR/USD. The broker clearly lists all the available financial instruments with their spread and further analysis, to make it easier for you to make money from the following securities.

Forex

Tickmill offers more than 60 currency pairs.

Even if you have never tried Forex trading before, this broker makes it easier for you to learn important terms and techniques simultaneously with trading. You can use leverage that ranges from 1:1 and can go all the way up to 1:500. However, in different locations, you might be bounded to smaller maximum leverage.

You can place orders on major, cross, and exotic currency pairs, using a spread that varies but can be as small as 0.1 for EUR/USD and AUD/USD pairs.

Indices

Tickmill offers more than 15 stock indices, so if you are interested in trading bundles of companies' stocks, Tickmill offers you index trading at a fast execution speed of 0.20s.

The spread is variable and it starts from 0.39 for US500. However, different indices include different spread ranges, as you can find indices from the US, as well as the UK, EU, Germany, and African index markets.

If you prefer trading on margin, you can use borrowed money from your broker with a maximum leverage of 1:100, and in this case, you are required to keep a margin of 1%.

Commodities

Precious metals like gold and silver are considered safe-haven assets, and many traders invest in them as opposed to currencies. Tickmill offers trading in gold and silver with a minimum spread starting from 0.0 pips.

Tickmill also offers trading oil, which is the most commonly traded commodity around the world due to its importance. You can place buy or sell orders for Brent or WTI oil with low spreads starting from 0.04 pips.

The maximum leverage that you can use depends on the commodity. If you are trading gold or silver, you can use leverage of up to 1:1 because it is a heavily regulated asset. However, if you are trading oil futures, you can enjoy higher leverage limits of up to 1:500. 

Bonds

Not every financial broker offers bond trading, as it operates differently than most conventional securities. However, it is an excellent option to diversify your trading portfolio, and a safer financial security as all the trading conditions are written and agreed upon beforehand.

Tickmill offers CFD trading on bonds, where you can trade on the price speculations of the most traded bonds such as Eurobonds, and German bonds. The average spread that you may see when trading bonds is 0.018 pips, which changes according to market conditions.

Trading on leverage is also allowed on these bonds, with a maximum leverage of 1:100. When you leverage your investment on bonds, you can buy more bonds and receive higher interest payments.

Cryptocurrencies

Many traders are getting involved in crypto trading, it is one of the fastest-growing financial markets due to the huge valuations put on most cryptocurrencies. Bitcoin is the first cryptocurrency introduced, and it has achieved a growth of more than 4,000% since its inception.

Today, there are more than 10,000 cryptos in the world. However, not all of them are profitable and Tickmill offers you just 8 major cryptos that are traded commonly between all crypto traders. These cryptos are Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Stellar, Chainlink, and EOS.

Trading cryptos on Tickmill does not mean you will store these coins in your wallet, but you will be trading on the price changes using CFD trading. Spreads start from 0.002 and 0.003 for Stellar and Ripple respectively.

The maximum leverage that you can use while trading cryptos is lower than with other assets. The cryptocurrency market is more regulated in some locations, and you can use leverage of up to 1:10. In fact, using limited leverage is ideal, it guarantees your capital from the wide volatility of this market.

Which Account Types Are Offered by Tickmill?

Most traders prefer brokers that offer more than one type of account, this also helps the broker attract different classes of traders. Tickmill's account options are suitable for beginners and professionals. 

Tickmill broker offers three types of accounts for a trader to choose from, all of them including a maximum leverage of 1:500. However, the maximum leverage may change according to the traded asset and the local regulations.

All three types of accounts share the same trading software options, namely MetaTrader and MT WebTrader. Every account type has the same access to financial markets and they all rely on CFD trading without any direct market access.

Similarly, every account has the same access to educational materials, webinars, and tutorial videos.

After having looked at the shared features across all three accounts, let’s dive into the main differences between these accounts, and explain the minimum deposit requirement and the cost of trading entwined with these accounts.

Pros & cons of Tickmill account types

ProsCons
Three types of accounts are availableA high deposit requirement for the VIP account
Different fees on different accountsDirect market access is not available
Islamic account is available A demo account is terminated after 7 days of inactivity
Can create up to 7 demo accounts 

Classic account

This type of account is recommended for new traders. It charges zero commissions, meaning there are no commissions imposed at any market entrance or exit, and there is no commission on deposits or withdrawals.

However, the classic account has a wider spread than other accounts, the spread here starts from 1.6 pips. The minimum deposit required for this type of account is 100 units of any base currency (USD - EUR - GBP).

Pro account

The pro account is usually used by traders with hands-on experience in trading, and who are willing to promote their trading experience by exploring more options. This trading account is not commission-free, and there are 2 commissions imposed on every side of the trade for every traded lot.

This type of trading account is characterized by having a tight spread range, starting from 0.0 pips, which justifies the commissions imposed on every side of the trade.

The minimum deposit required for this account is also 100 USD/EUR/GBP, and pro traders can use maximum leverage of up to 1:500 on different financial instruments. Additionally, the minimum contract size allowed is 0.01 lot, which is in line with other financial brokers that you may see.

VIP account

Tickmill's VIP account is designed for wealthy traders, those who have built a fortune and have a strong portfolio and experience with handling higher risk.

There is no minimum deposit requirement for this account, but in order to qualify for VIP account status, you need to maintain an amount of 50,000 USD/EUR/GBP in your balance. Traders with the VIP class can use the same maximum leverage as any other account, up to 1:500.

However, VIP traders can enjoy the enhanced commission system, coming with tight spreads and low trading costs. The spread range starts from 0.0 pips, and there is only 1 commission imposed per side for every 100,000 units traded.

tickmill-accounts.png

Islamic account

Many brokers adopt the Islamic account to their services. These accounts are also known as swap-free accounts because they do not credit or debit the trader for keeping the market position active overnight.

Traders who follow the Islamic faith refrain from any type of trading that includes swap or rollover, because they are not considered a valid source of income according to Sharia law.

Tickmill's Islamic account is not treated as an additional type of account. A trader may request to switch a Classic, Pro, or VIP account to a swap-free account, and the customer support team will ideally process the request within 1 business day.

Once a trading account is switched to an Islamic account, a trader can then keep a position active overnight, without being charged a rollover. However, another type of charge kicks in with handling fees taking the place of rollovers.

Demo account

New traders are usually attracted to brokers that offer a demo account, where they can practice whatever they have learned about financial trading without risking real money.

You need to register your email address as a demo account user. During the registration, you can select the account type that you want, the trading platform you want to use (MT4 or MT5), and the maximum leverage which is a great tool for practicing trading on margin.

Additionally, you can refill the amount of virtual money you have in your demo account to practice trading, as well as the currency of these virtual funds. You may have up to 7 demo accounts per registered email address.

Note that if you do not log in to your demo account portal for 7 days, your demo account will be terminated and you will not be able to access it. 

Getting started on Tickmill - Main steps

Once you have decided on the account type that works best for you, it is time to start the registration process. We will describe it in detail, so you don’t have any complications during the process. 

Step 1: Create a live account

After you click on “Create Account” on the top navigation bar of the broker's website, you will be redirected to the registration application page. Ideally, it takes just 3 minutes to get your account registered.   
 

registration-tickmill.png

Start your registration with Tickmill by filling in information about your country of residency and the preferred language from the 13 options available.

Then you need to write your details like your name, date of birth, contact number, and email address. 

Step 2: Your details

On the next page of the registration, you will need to insert info about your address, zip code, nationality, and tax ID. Make sure that you insert the right information in these fields because you will be asked to provide proof in the next step.

registration-tickmill2.png

You will also need to answer questions about your education, employment status, and trading experience. These questions are designed to help the broker understand your expectations and recommend services that might be of interest to you. 

Step 3: Verify your account

You will receive a verification link in the email that you have provided during the application. Check your email inbox including the spam folder just in case. For the verification process, you will be asked to provide a few documents that prove your identity and the legality of your address.

To prove your identity you need to submit a copy of your passport, driving license, or national ID card. This proof is required to ensure that you are not a blacklisted user, or you are not a financial criminal.

Also, you will be asked to submit a copy of a utility bill, address registration document, or bank statement to validate your address. This step is required to make sure you are registered to the correct broker location, as there are different trading regulations in different countries.

Step 4: Make your first deposit

After you receive the confirmation about the files you submit, you can start depositing money into your account. From the client area, go to funding options and register your payment method. 

There are 10 payment options including credit/debit cards and e-wallets, After the payment method is validated, you can start depositing according to the minimum deposit allowed. Your deposit usually arrives instantly or within 1 working day, depending on the payment method you choose.

Step 5: Start trading

At this stage you are all set, your account is registered and your trading capital is ready. Check the market that interests you the most, and choose from the offered financial instrument on the Tickmill website. 

To start trading you need to register a MetaTrader account. In the client area you will be offered to either download MT4/MT5 software or to use the MetaTrader WebTrading portal. Whatever you choose, you need to register your account in the trading software, then start trading.

tickmill-trading.png

Fees & Commissions

Brokers impose different types of fees, they can be fixed charges or commission fees from the amount traded or transferred.

Understanding the fees that your broker charges will help you better analyze your gains, these charges can be considered as your cost, which you ideally look to minimize.

Tickmill's fees vary among the different types of trading accounts. Fees also depend on the type of financial instrument that you are trading, because these costs rely on the spread. Let’s check this breakdown of the Tickmill commission and fees.

Trading fees

There are different ways the broker charges trading fees. It can either be a flat fee every time you enter a trade, a commission percentage from the traded volume, or the spread of the traded financial instrument. These types of fees also differ across the type of account a client is using.

The classic account type is not charged with any fixed fee on market entrance/exit, but the trading fee is incorporated into the spread of the traded product, which is higher in this type of account than other account types.

However, the other two types of accounts (Pro and VIP accounts) have relatively lower spreads starting from 0 pips, but they are charged with a flat fee on both sides of the trade. The Pro account is charged 2 fees per side, and the VIP account has 1 fee per side.

tickmill-spread.png

Inactivity fee

Tickmill doesn’t have inactivity charges. However, they might deactivate the trading account if certain conditions are not met. 

If the account is left unattended, without login, without trading, and without any deposit or withdrawal taking place, the broker will deactivate the account without prior notice.

If the inactivity period lasts 60 days, the broker will transfer any funds in the trading account to the wallet, and archive the trading account. The trader will then need to create a new account, and they will get back their funds from the wallet.

Swap/Rollover fees

There are rollover charges imposed when the trading position is active overnight, and these charges depend on the difference between the interest rates of the traded currency pairs. The trader may receive or pay the swap fees.

The charge differs and it takes place at 00:00 platform time, and it is measured by the standard lot size of 100,000 units (1 lot). You can see the charge live from the MT4 trading panel.

However, if you are running an Islamic account (swap-free) there are no swap fees that apply. In this case, you are not charged and not credited any swap charges, but you may see handling fees for keeping the account active.

After discussing the cost of trading with Tickmill, it is a good idea to compare it against other brokers in the market. This way, you can understand if these fees are reasonable or not, and how Tickmill stands in relation to other brokers. So, we put Tickmill against other top brokers like Interactive Brokers and eToro, and we got the following results.

Tickmill fees compared to Interactive Brokers fees

Type of FeeTickmill brokerInteractive Brokers
EUR/USD SpreadFrom 0.0 pipsFrom 0.6
Fees on DepositsNo1%
Inactivity feeNoNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Tickmill fees compared to eToro fees

Type of FeeTickmill brokereToro
EUR/USD SpreadFrom 0.0 pipsFrom 1
Fees on DepositsNo$5 on withdrawals
Inactivity feeNoYes, $10/m

Tickmill fees compared to IG fees

Type of FeeTickmill brokerIG
EUR/USD SpreadFrom 0.0 pipsFrom 0.8
Fees on DepositsNoNo
Inactivity feeNoYes, $10/m

Trading Platforms of Tickmill Reviewed 

MetaTrader is the most commonly used trading software on the market, it is easy to download and use, and it contains a large number of indicators and charting options. The Tickmill MetaTrader platform can be used as a web trader or by installing the app.

Tickmill broker offers MT4 and MT5, which can be used on the desktop, mobile, or in the browser. On these three platforms, you may see the same trading tools, charts, indicators, and panels, which give traders more control over their money through any device at any time.

The MetaTrader 4 Web Trader is becoming a popular option among traders, it does not require downloading any additional software. You may directly log in to your account and start the terminal, and through the Web Trader’s terminal, you can start trading with the same access and tools.

The broker’s website includes instructions for downloading the Tickmill trading platform through the designated links. You can install the trading app on an Android or iOS device, giving the trader more options to access their market activities on the go.

tickmill-platforms.png

Mobile Experience

Tickmill makes it easy for traders to use their mobile devices and manage their funds. MetaTrader 4 can be downloaded on any Android or iOS device where you can have access to every chart you would see using the desktop trading terminal.

Tickmill's MetaTrader 4 trading platform is empowered with news headlines, where you can see events relevant to your traded markets, and make your trading decision on the go.

Additionally, Tickmill's mobile trading platform comes with the same technical analysis tools that you can find on the desktop platform, and you can use more than 50 indicators to have better insight into your trading orders. The application enables you to chat with other traders, and you can activate push notifications to get updates about your positions.

Education & Research Tools

The broker offers a wide range of educational materials, These tools are designed to help new traders, and experienced ones as well. The educational tools include webinars, seminars, and video tutorials for beginners, as well as an advanced trading toolkit to help experienced traders expand their trading portfolio.

The broker also offers lengthy articles and market insights where you can read detailed analyses about market activity, and build your estimation of the upcoming price movements.

Additionally, traders with Tickmill can use advanced tools to get some edge while trading. The Autochartist helps you find the best trading opportunities in the market, using a huge range of indicators and algorithms to make your trade as gainful as possible.

Promotions

Tickmill is trusted by many traders not only for its legitimacy and reliability but also for the several promotions the broker offers. 

There are several offers and promotions available for every user, which allows traders to receive cash rewards of up to $1,000 based on their trading performance, or simply based on their luck.

$30 welcome bonus

A generous gift awaits every new trader. This reward attracts as many traders as possible to register at the website, receive this prize, and start trading with free funds.

Every time a new client is registered on the broker’s website, the new trader will automatically be credited $30 on their balance without needing to pay a deposit. The trader can use this money to execute different market orders, and later they can withdraw any gains made from trading with these free funds.

Cash rebate

Cashback or cash rebate is designed as a loyalty program. The more you trade the more cash rebate you receive. To receive this Tickmill promotion you do not need to make any special registration, you can directly trade and earn some cashback.

The cash rebate amount varies between $0.25 and $0.75 depending on the traded lot. If you place a market order using up to 1000 lots, you get a $0.25 refund, if you place any market order using at least 3001 lots, you will earn $0.75 as cashback. Otherwise, the Tickmill cash rebate will be $0.50 for any market order between 1001 and 3000 lots.

Tickmill NFP machine

This Tickmill broker’s promotion relies on the trader’s intuition and decision-making. Every trader has the opportunity to lock in their expectations of the upcoming Non-Farm Payrolls announcement and the winner is revealed 30 minutes after the NFP report.

The trader who exactly predicted the outcome of the NFP announcement will get $500 - this amount will be directly credited to their trading account. If no one made a correct guess, the closest trader will receive a prize of $200 on their trading balance.

Trader of the month

This is a competition among all the traders on Tickmill's website, which awards the best-performing trader every month. 

The trader with the most profit is given a prize of $1,000, and the names of the winners are announced and added to the website’s hall of fame every month. 

Customer Support of Tickmill

Contacting the customer support team has never been easier. Tickmill lists all the contact details for two of their branches in Malaysia and Seychelles, including exact addresses, working hours, and telephone numbers.

There is a live chat function on the website that is very helpful. You can select the support language that you wish from the +15 languages available, and it shows you which language is online/offline at the moment so you know what to expect. The live chat team is very responsive, you will be met first with an automated bot, which provides valid solutions, or it will redirect you to the available support agent if need be.

Additionally, there is an online support form where you can ask a question of a specific department, ensuring that your question is addressed to the right people. Besides this, there is also a FAQ section where you can find answers to most of your questions.

Conclusion

There are several reasons why we recommend Tickmill broker to our readers. First of all, the broker offers different types of trading accounts that fit every type of trader, and each of them uses a different set of fees and commissions.

The fees of the broker are clearly defined on the website which promotes transparency, and it is the reason why many traders trust Tickmill broker as all the instructions and needed information is well-stated throughout the website’s pages.

Serving more than 270,000 traders and handling more than 450 million trades indicates that Tickmill is reliable, and you can safely deposit your money with it.

In this Tickmill broker review, we conclude that your money is safe when you trade with this broker. Tickmill is regulated by top-tier authorities around the world like FCA, CySEC, FSCA, and FSA.

6.29

6.29

Average based on 7 user reviews
Safety 7.43
Assets 4.00
Accounts 6.57
Fees 6.00
Desktop platforms 6.86
Mobile platforms 5.71
Education 6.00
Support 7.43
Have experience with Tickmill? Log in to leave a review
bailey.johnson reviewed 394 days ago
Demo Less than a month experience
5.13

5.13

Average: Do not waste time with them
Pros
I don't think there's anything I like about them
Cons
I was looking for a broker to trade many assets but once I opened an account with them, found that they have limited assets.
aubrey.hart reviewed 394 days ago
Live Demo 1-3 months experience, $1,000 - $5,000 account size
6

6

Good: I Was Mistaken - Decent Broker But Needs Improvements
Pros
Tickmill is a very basic broker that will not amaze anyone, but one thing that stands out for me is its trading platform for computer traders. Everything is neatly organized for me and I had no hard time getting adapted to this platform
Cons
The biggest complaint I have about Tickmill is that they have a very poor selection of assets that you can trade with. It would not be a problem for me, but when I joined Tickmill I was looking for a broker that has good asset selection, and from the surface, the way Tickmill showcases its assets, it seemed a good broker for my goals. But once there, I was disappointed with what I saw. Everything is there and yet it still misses a lot.
conrad.cash reviewed 394 days ago
Live Less than a month experience, $1,000 - $5,000 account size
6.88

6.88

Good: Decent if FX is all you want
Pros
Plenty of FX pairs to choose from
Cons
Not much to choose other than FX.
turner.clay reviewed 394 days ago
Live 1-3 months experience, under $1,000 account size
6

6

Good: Good for forex but bad if you're looking for multi asset class trading
Pros
There are a lot of forex pairs to trade.
Cons
I didn't like that you can't trade stocks or much of any other instrument other than FX.
jenson.harris reviewed 394 days ago
Live 1-3 months experience, $5,000+ account size
5.75

5.75

Average: Does its job but wouldn't recommend
Pros
Customer support was easy to reach. Never had any safety concerns either.
Cons
No stock trading at all. Mobile app needs improvement.
guinevere.curry reviewed 394 days ago
no experience
7.5

7.5

Good: The mill of Forex pairs
Pros
This broker is great for Forex trading, with 1:500 leverage and $100 min deposit you should be able to start trading here. Tickmill has a low spreads and seems a broker to trade the news and scalp markets. Great for beginner Forex traders. These guys are well-regulated and should not scam anyone, just make sure to read important terms about what are allowed and what are prohibited before throwing money at live acc.
Cons
There are scarce trading instruments in other asset classes like crypto, stocks, indices, commodities, etc. Make sure your main focus is FX market.
zeph.simon reviewed 394 days ago
Live 1-3 months experience, under $1,000 account size
6.75

6.75

Good: Great broker to trade with, but there are some better options still
Pros
I like their low fees and also account feels safe and secure with all of the safety options.
Cons
Their mobile trading app can be improved

FAQs on Tickmill Review

What is the minimum deposit for Tickmill?

$100 is the minimum deposit for the Classic and Pro accounts, but if you want to use a VIP account you need to maintain a balance of $50,000 to use the VIP account.

What is the minimum withdrawal on Tickmill?

$25 is the minimum amount you need to request for withdrawal. The withdrawal request is processed on the same working day, but depending on the chosen method, the operation may cause some delays and can take from 3 to 7 business days.

Does Tickmill allow hedging?

Yes, there are no limits on the way you trade, hedging and scalping are allowed with any type of trading account, and the margin required for a hedging position is 0.

Is Tickmill swap-free?

You can switch any account (Classic - Pro - VIP) to a swap-fee account, these are also called Islamic accounts, so you do not pay or receive any interest for keeping positions open overnight.