Pros and Cons of Tickmill | Who should use Tickmill's trading platforms?
Tickmill, a globally-regulated broker, offers diverse trading services with flexible conditions and educational tools, though it has limited customer support and currency pair options.
Tickmill is a multi-regulated broker offering a diverse range of trading services with entities in Cyprus, the UK, the Seychelles, Malaysia, and South Africa, ensuring adherence to various regulatory standards. It provides flexible trading conditions with a minimum deposit of $100, leverage up to 1:500, and competitive spreads starting from 0 pips for certain account types. The platform supports a wide array of instruments including stocks, indices, commodities, and cryptocurrencies, and offers various account types for different trader levels. Despite advantages like a wide choice of CFDs, copy trading services, and protection against negative balance, Tickmill has limitations such as limited customer support hours, a smaller range of currency pairs, and the absence of cent accounts and trust management. The broker emphasizes technology and education, providing tools like Acuity Trading and Signal Centre for informed trading, alongside a comprehensive educational section for traders to enhance their skills.
Tickmill, a prominent player in the trading industry, offers a diverse range of financial products and services. The group is composed of multiple entities regulated by various financial authorities, ensuring a robust regulatory framework and a high level of trustworthiness. The entities are:
Tickmill Europe Ltd, regulated by CySEC (Cyprus)
Tickmill Ltd, regulated by FSA (Seychelles)
Tickmill UK Ltd, regulated by FCA (UK)
Tickmill Asia Ltd, regulated by Labuan FSA (Malaysia)
Tickmill South Africa (Pty) Ltd, regulated by FSCA (South Africa)
Tickmill stands out in the market due to its comprehensive offerings, including a vast array of trading instruments, competitive account features, and dedicated customer support. This article provides a detailed analysis of Tickmill’s trading services, discussing its advantages, limitations, trading conditions, tools, and more.
Tickmill caters to a global clientele, offering services through different divisions, each with distinct trading conditions and account currencies. Tickmill.EU provides account options in USD, EUR, PLN, CHF, and GBP, while Tickmill.com offers USD, EUR, and GBP.
Key Account Features:
Minimum Deposit: $100, accessible and affordable.
Leverage: Up to 1:30/1:300 for Tickmill.EU and up to 1:500 for Tickmill.com, catering to various trading styles and risk appetites.
Spread: Competitive spreads starting from 1.6 pips for the Classic account and as low as 0 pips for Pro and VIP accounts.
Instruments: A broad selection including currency pairs, commodities, stock indices, individual stocks, bonds, and cryptocurrencies.
Margin Call / Stop Out: Set at 100% and 30% respectively, helping manage risk effectively.
Tickmill is renowned for its tight spreads, starting from 0 pips, and low trading fees, such as the market’s lowest fee of $2 per lot for certain accounts. The leverage offerings are versatile, accommodating various trading strategies.
2. Wide Range of Instruments
Traders have access to an extensive array of CFDs on stocks, with over 500 assets, making it a prime choice for traders looking for diversity in their trading portfolio.
3. Copy Trading and Advanced Tools
Tickmill excels in providing advanced trading tools and services like Pelican Trading, MyFxBook, and classic MQL5 for MT4 and MT5, appealing to traders interested in copy trading and algorithmic trading.
4. Educational and Analytical Resources
The broker offers an abundance of educational materials, webinars, and analytical tools, making it an excellent option for traders keen on continuous learning and staying informed about market trends.
Tickmill’s operation under the strict oversight of multiple regulatory bodies like the FCA, CySEC, FSA, and others ensures a high level of security and trustworthiness. Clients’ funds are segregated, and there’s protection against negative balance, offering an added layer of financial safety.
Tickmill emerges as a robust trading platform suitable for both novice and experienced traders. Its strengths lie in its competitive trading conditions, wide range of instruments, advanced trading tools, and stringent regulatory oversight. While it does have certain limitations, such as customer support availability and a limited choice of currency pairs, the overall offerings make Tickmill a compelling choice for traders aiming for a reliable and versatile trading environment. Before engaging, traders should consider the specific features and regulations of the Tickmill entity they choose to register with, ensuring it aligns with their trading needs and expectations.
What regulatory bodies oversee Tickmill’s operations?
Tickmill is regulated by multiple authorities including CySEC (Cyprus), FSA (Seychelles), FCA (UK), Labuan FSA (Malaysia), and FSCA (South Africa), ensuring a secure trading environment.
What are the account currency options and minimum deposit requirement at Tickmill?
Tickmill offers account currencies like USD, EUR, PLN, CHF, and GBP for Tickmill.EU, and USD, EUR, and GBP for Tickmill.com, with a minimum deposit of 100 US dollars.
What leverage and spread can traders expect at Tickmill?
Traders at Tickmill.EU can expect leverage up to 1:30/1:300, and at Tickmill.com, up to 1:500. The spread starts from 1.6 pips for the Classic account and from 0 pips for Pro and VIP accounts.
What trading instruments does Tickmill provide?
Tickmill offers a wide range of instruments including currency pairs, commodities, stock indices, stocks, bonds, and cryptocurrencies.
What are the notable advantages and disadvantages of trading with Tickmill?
Advantages include spreads from 0 pips, permission for any strategy, protection against negative balance, and a mobile app trading platform. Disadvantages include limited customer support hours, a relatively small choice of currency pairs, and the absence of cent accounts and trust management.
What security measures does Tickmill implement to protect traders?
Tickmill ensures trader protection by keeping customer funds separate from the company’s accounts, offering protection against negative balance, cooperating with reputable banks, and being a member of the compensation fund for ICF investors.
What are the conditions and charges for deposits and withdrawals at Tickmill?
Tickmill sets a minimum withdrawal amount of $25 and does not charge deposit or withdrawal fees, but payment system fees may apply. The broker compensates payment system fees up to $100 if the deposit is not less than $5,000, and withdrawal requests are processed within 1 business day.