Tickmill (2021) – introduction of the forex and CFD broker

Broker comparison – who is the best? In this article, we are introducing the broker Tickmill.

What is behind Tickmill?

The online broker with the official company name Tickmill UK Ltd has been residing in London since 2015. The vision of this still relatively young company is to offer private investors and companies worldwide an opportunity to “realize their full potential“. The company itself is also run by traders whose many years of experience enable them to optimally see things from their customers’ perspective.

The history of Tickmill

Tickmill was established in August 2014 in Mahe, Seychelles. But the company did not start to act as an online broker until January 2015.

Tickmill’s head office then moved to the British capital in 2016, ever since when the online broker has been regulated by the British Financial Conduct Authority (FCA). 

Tickmill logo

In July 2017, Tickmill expanded its product range by CFDs on bonds and introduced 4 CFDs on German government bonds. Just a few months later, the online broker also introduced cryptocurrencies and expanded its range by bitcoin CFDs. 

The beginning of 2019 then saw the development of a German-language website, ever since when Tickmill’s services have also been available to interested traders in Germany. 

Which awards can Tickmill show for itself?

The online broker Tickmill has been able to markedly expand its range of services in recent years. The media have also recognized this, and often mentioned Tickmill in the press correspondingly positive

Added to this were a number of awards that Tickmill is now able to boast of. Particularly worth mentioning in this respect is the just recently won “Best Trading Platform Provider” prize bestowed by the FXDailyInfo Forex Brokers Awards 2019. The reasons they gave for this include “superfast execution” and “unbeatable trading conditions“.

But Tickmill also proved a smash at the UK Forex Awards in 2018, where it won the “Best Forex Execution Broker” award, the company’s third award in that year already.

Deposit protection and regulation

When it comes to selecting a suitable online broker, it stands to reason that its regulation and protection of your investments always have a major role to play. As already mentioned above, Tickmill is regulated by the British Financial Conduct Authority (FCA). Tickmill is also the parent organization of Tickmill Europe Ltd, which is additionally licenced and regulated by the Cyprus Securities and Exchange Commission (CySEC).

The FCA regulations require the online broker to keep client funds separate from the company’s own assets.  Client deposits can therefore not be used for the company’s purposes, and are thus also protected from creditors in the event of an insolvency.

And with Tickmill also being a member of the Financial Services Compensation Scheme (FSCS), client funds are fully insured up to an amount of GB£ 85,000.

Which markets can be traded at Tickmill?

Tickmill offers its traders and investors a broad range of markets to choose from. Trading is essentially possible in the following markets.

Currencies

The Forex market can principally be traded around the clock on five days a week, with 62 different currency pairs to choose from (Majors, minors and exotics). 

Stock indices and WTI

Investors can additionally trade a range of different index CFDs, and oil.  Tickmill offers 15 important international stock indices.

Precious metals

Precious metals like gold and silver have always fascinated investors and traders. Tickmill permits traders to speculate on the development of the gold and silver price, diversifying their portfolio in the process.

Bonds

Bonds have always accounted for an impressive volume in the world of trading. In addition to which they also offer a variety of different investment opportunities.

Which platforms are available at Tickmill?

This section will take a closer look at the Online trading platforms available in the Tickmill portfolio. 

In this regard, the online broker Tickmill essentially gives its clients two different trading platforms to choose from, both of which are available in a web version and as a mobile app for Android or Apple. See below for more details of the platforms.

MetaTrader 4

MetaTrader 4 offers investors a comprehensive and user-friendly platform that is particularly distinguished by its high usability. The integrated tools and functions are easy and quick to use. There are reasons why MetaTrader 4 ranks as the world’s most popular trading platform.

Web-Trader

In addition to the MetaTrader 4 trading platform, there is also the so-called “Web-Trader”. Web-Trader is basically the same MT4 platform, but available directly in the browser, without needing to be downloaded or installed. 

This makes the trading even more accessible than before, as the platform is easily opened online with one click. The benefits are as follows:

  • The financial markets are within fast and easy reach
  • The user interface is easy to operate and based on the MetaTrader 4 interface
  • One-click trading
  • Encryption protection for all transferred information

Deposits and withdrawals at Tickmill

Tickmill offers various ways of making deposits or withdrawals. One unique feature is that all payment methods are principally available free of charge, so that there will be no additional commission fees charged for in- or outpayments. Higher deposits by bank transfer from US$ 5,000 come under their “Zero Fees Policy“. 

This means that Tickmill will cover all your transaction fees up to US$ 100.00. All you need to do to get the remittance fee refunded is hand in the account statement in question. Here follows a brief look at the available deposit and withdrawal options.

Payment methodMinimum depositMinimum withdrawalProcessing period
Deposits
Processing period
Withdrawals
Transfer € 100.00€ 10.001 working day1 working day
Credit card€ 100.00€ 10.00immediate1 working day
Skrill€ 100.00€ 10.00immediate1 working day
Neteller€ 100.00€ 10.00immediate1 working day
paysafecard€ 100.00€ 10.00immediate
sofort€ 100.00€ 10.00immediate1 working day
Rapid Transfer€ 100.00€ 10.00immediate1 working day

Tools at Tickmill

The online broker Tickmill is additionally distinguished by the wide range of useful tools it provides. These are designed to support investors in their trading and the development of Trading strategies. Which is why the various tools at Tickmill are to be briefly outlined below, with a brief explanation of their functions.

Autochartist

Autochartist” is a versatile analysis tool that offers plenty of information, important charts and forex price developments. The tool scans the respective markets and filters out the relevant data for investors to be able to respond as quickly as possible. It is additionally also free for traders with a live account. See below for an abstract of the tool’s benefits.

  • Time savings
  • Intraday scanning (notification of opportunities and important data)
  • Forecasts
  • Study material (articles and videos as educational material)
  • Used via MT4
  • Customizable searches

Forex Economic Calendar

Another Tickmill tool is their “Forex Economic Calendar” embracing all the relevant business events and indicators. This calendar is always available and also shows how relevant the latest displayed news are for the current market situation. 

Forex Calculator

The so-called “Forex Calculator” is another helpful tool and enables Tickmill clients to convert all currencies in seconds. It will also help you calculate the margin required (depending on the leverage) to open a new position size. And then there is also a pip calculator for determining the Pip value of trades, and thus also a risk management strategy.

Tickmill VPS

Tickmill VPS” is a tool developed by Tickmill in cooperation with BeeksFX to enable uncomplicated, location- and time-independent client access to trading platforms. But what exactly does it do? 

VPS basically stands for “Virtual Private Server“, i.e. a private server that is always online. This way your Trading strategies can be automatically run non-stop from your computer without requiring any additional input.

But there are also a number of further advantages for investors to benefit from if they opt for this tool:

  • 20% discount on all offer packages
  • Short latencies 
  • Guaranteed 100 % server availability 
  • Very fast tool setup
  • Permanent live chat and e-mail support

One-click trading (OCT)

The OCT (“one-click trading“) tool enables trades to be processed at much faster speeds as they just need a single click, hence the name. Especially so as transactions need no further confirmation. The function can be used in several areas. The advantages of this tool are obvious.

  • Create orders in seconds by the click of a button
  • You can also close open positions with a single click (including hedging)
  • Transparent display of profits and losses in pips
  • Define the corresponding Stop loss

StereoTrader

The primary aim of StereoTrader is to make Daytrading, scalping and intraday swings more profitable and less stressful for investors. The tool can fully adapt to the MetaTrader 4 platform and offers a broad range of options for advancing your strategy development. See below for brief outlines of the most important functions.

  • Isolated strategies

Various strategies can be handled in a single account simultaneously without overlaps occurring between orders and positions, for example. 

  • Four trading modes

The tool permits you to trade in four different modes: Stereo Future, Stereo Hedge, Single Hedge and Single Net.

  • History trading

StereoTrader offers an extensive historic foundation of relevant data you can include in your strategy formation.

  • One-Click speed trading

Over 30 different activities can be executed by a single click, which makes for a massive improvement of the efficiency and speed. 

  • Advanced order types

The Order types integrated in StereoTrader have highly innovative and unique functions.  (“market-if-touched” orders, “limit pullback” orders, “strategic” orders, etc.)

  • Modern design

Tickmill uses the so-called “seamless principle“, which ensures that no pop-ups will appear  during a trade and that the user interface is not overlaid. This stops all interference, so that the clients can fully focus on their trading. In addition to which the design’s colours and shapes  can be customized as you wish.

Account types at Tickmill

Tickmill principally offers its clients a choice between three different account types: a “Classic“, “Pro” and “VIP” version. But before describing the details wherein these account types differ, let us take a brief look at what they have in common. 

All-in-all, Tickmill offers 84 different trade instruments. In contrast to many other online brokers, you can set “stop orders” and “limit orders” near the market price here. The “stop levels” and “limit levels” are therefore zero for all three account types.  

In addition to the above, the base currencies are also identical with all three accounts: USD, EUR, GBP, PLN.

And now for the details of the differences between the account types:

Classic Account

The Classic Account enables you to trade in global markets without commissions. The available markets are subdivided into CFDs on 62 currency pairs, 15 stock indices, WTI, precious metals, and bonds. Another feature of the Classic Account is that the raw market spreads are shown in the charts without mark-up – i.e. price increases. See below for a list of the Classic Account’s facts & figures.

Classic Account trading conditions:

  • The minimum deposit with a Classic Account is € 100.00
  • Spreads start from 1.6 pips
  • Maximum leverage for retail clients: 1:30
  • Maximum leverage for professional clients: 1:500
  • Minimum lots: 0.1

Pro Account

The “Pro Account” is most of all distinguished by tight spreads and low commissions. You can use it to trade 62 currency pairs, 16 CFDs, gold and silver.

The commission of US$ 2 per side and lot makes Tickmill one of the world’s least expensive online brokers in this respect. One lot of EUR/USD (€ 100,000) will consequently only cost you € 4 in commissions round turn. 

Pro Account trading conditions:

  • The minimum deposit with the Pro Account is 100.00
  • Spreads start from as little as 0.0 pips
  • Maximum leverage for retail clients: 1:30
  • Maximum leverage for professional clients: 1:500
  • Minimum lots: 0.1

VIP Account

Last but not least, some details of Tickmill’s VIP Account model. The trading instruments here are the same as with the Pro Account, but the commission is much lower with only US$ 1.00 per side and lot

VIP Account trading conditions:

  • The minimum deposit with the VIP Account is € 50,000
  • Spreads start from as little as 0,0 pips
  • Maximum leverage for retail clients: 1:30
  • Maximum leverage for professional clients: 1:500
  • Minimum lots: 0.1

Margins

The margins are always very easy to calculate with the forex calculator tool already mentioned above. They basically depend on the selected leverage level, however: while a leverage of 1:1 will require the full down payment, a 1:30 leverage will reduce it to a mere 3.33 %

Professional clients are permitted leverages of up to 1:500, in which case the margin will come down to just 0.2 %.

The demo account at Tickmill

The demo account offered by Tickmill is ideal for interested investors wishing to try out their skills and strategies without any financial risk first, before starting with a proper live account. One unique feature of this Demo account is that it can be used for an unlimited period of time without expiring. The account will actually only expire if it is not logged into for seven consecutive days. Registering for the demo account only takes a few minutes, all they ask for is some standard information like your name, e-mail address, country and telephone number.

The customer service

This section is about the service aspect of Tickmill. Their customer service is always available to answer any questions or deal with any other concerns you may have, and can be contacted by e-mail or telephone in over 10 different languages. If your enquiry comes in by e-mail, the online broker guarantees a reply within 24 hours. In addition to which the customer service is also available on the phone from Monday to Friday, 7 a.m. to 8 p.m. GMT. If required, you can also ask them to call you back.

Experiences with Tickmill

Looking at the various experiences made by customer in the past and their ratings, one quickly realizes that they generally tend to be positive. Even if there is still some room for improvement in the selection of available CFDs, novices and more advanced investors care still able to choose from a considerable range. 

Experience has shown the customer service to be very reliable and quick to come up with a correspondingly competent answer. Another positive aspect is the relatively low minimum deposit of just € 100.00. Their cost schedule is transparent and provides interested investors with a quick overview. Apart from which their fees are very low in a global comparison. 

The extensive protection afforded client funds by the FSCS meanwhile speaks for itself. Most broker testers’ ratings of Tickmill found online thus generally tend to be “good” to “very good“.

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