In this guide of the Forex broker Tickmill we will learn more about this company.
Among other things, we will explain how to open a practice demo account with this broker and how to manage its Metatrader 4 trading platform, one of the most popular and widespread platforms in the online retail financial world.
You can find more information about the Tickmill broker and its online trading services in the following guide: Tickmill Broker Review
|Tickmill||– ECN/STP broker from UK specialized in Forex and CFD|
-Regulated by organizations such as FCA
-Very low spreads from 0 pips.
Tickmill is an online Forex and CFD broker launched in 2011. This company is headquartered in both the UK and the Seychelles, and offers a selection of trading accounts in either location, although availability may be restricted based on the client’s residence or tax situation.
The Tickmill brand is also the trade name of TMILL UK Ltd, and their UK account office is based in London and their services are regulated by the Financial Conduct Authority (FCA) of the UK.
Seychelles accounts are regulated by the Seychelles Financial Services Authority (FSA). Open a free demo account with Tickmill
Tickmill was founded after Armada Markets transferred its retail clients to Tickmill’s entity in Seychelles, which is regulated by the Financial Services Authority (FSA).
Tickmill then acquired an additional regulatory license in the UK under a new entity to expand its scope.
In 2017, Tickmill acquired Vipro Markets, a broker regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), further expanding the scope of its services.
Tickmill has become a promising MetaTrader broker. In addition to Forex, Tickmill offers its clients a wide selection of CFDs on Bonds, Energy, Indices, Metals and Cryptocurrencies.
Tickmill offers the opportunity to trade a wide range of instruments based on CFDs (Contracts for Difference), including a selection of 4 German Government Bonds.
For traders interested in multiple assets, Tickmill offers 62 Forex currency pairs and crosses, 15 world stock indices and commodities like gold, silver and crude oil.
It appears that all instruments are equally available to clients of the UK and Seychelles branches, but the minimum margin requirements differ.
Of course, the maximum leverage for Forex in the UK is restricted to 30 to 1 by ESMA regulations, while in the Seychelles, the leverage is considerably higher and can be up to 500 to 1.
Tickmill: Commissions and fees
Tickmill offers three trading accounts.
The Classic account is a commission-free trading account, in which traders simply pay the bid/ask spread.
The other two accounts, PRO and VIP accounts, are commission-based and have a commission per transaction added in exchange to lower spreads (the spreads are near zero).
With a low commission rate, the PRO account will be more ideal for most traders compared to the Standard account, as the spreads are inherently lower and 80 instruments, including 62 currency pairs, can be traded in these accounts.
Meanwhile, active traders are eligible for further discounts, depending on their trading volumes in the VIP account. Generally speaking, Tickmill offers very competitive trading conditions.
In the following guide we explain in detail how to open a demo account with this broker: Tutorial – Open a demo account with Tickmill
Trading assets available with Tickmill
Just as important is knowing the trading platform of a broker, it is also just as important to know the assets that are available for online trading.
We must emphasize that in Tickmill we are trading with CFD, and that all trades performed in this broker are made through Contracts for Differences (CFDs). These instruments replicate the behavior and value of an underlying asset, which can be an index, a stock or a commodity.
The most liquid and dynamic market in the world. The broker Tickmill offers its clients more than 60 currency pairs. In this broker we can find the major pairs, minor pairs and some exotic pairs.
The Forex market is available 24 hours 5 days a week, and under most market conditions the client can trade with ultra-low spreads and fast executions. In the demo account of Tickmill the client can trade all the available pairs, with their real prices in real time.
In times of political turmoil, precious metals have always served as safe havens for all investors around the world.
The Tickmill platform has Gold and Silver as tradable assets against the USD.
Another commodity offered by this broker is crude oil (WTI and Brent oil).
Tickmill offers CFDs on stock indices that offer the possibility of speculating on entire markets or sectors of the economy. Index CFDs are popular instruments among retail traders due to the wealth of information on these markets and their good profit potential.
The broker makes 15 stock indices available for trading, including the most important ones such as the S&P 500 and Dow Jones, without re-quotes and without hidden mark-ups.
Tickmill also offers access to the bond market via CFDs. It currently offers CFDs based on German government bonds, such as EURBUND.
Tickmill Webtrader Platform
An efficient trader is one who thoroughly knows the platform where he is going to carry out his trades. It is extremely important to minimize losses and risks when trading. Part of that job is knowing how to use the trading platform correctly.
The broker Tickmill offers its clients the Metatrader 4 trading platform in its 2 main versions. One of this platform is the WebTrader version of Metatrader 4, which can be used on any operating system and run from any web browser.
We also have the installable version of Metatrader MT4, which can be installed on Windows desktop operating systems.
Security and customer service
In compliance with FCA and FSA stipulations, Tickmill holds investors’ cash in trust in fully segregated accounts.
These funds are totally isolated from the economic means of the company.
One of the most important aspects when analyzing a Forex broker is safety. However, an undeniable fact of almost equal importance is a broker’s customer service.
Tickmill not only offers access to a variety of markets and good trading conditions, but also provides customer support, which is characterized by the degree of professionalism and attention. Customers can get live help over the phone or via email.
Tickmill’s headquarters are located in London, UK, and the website is accessible in English, Indonesian, Italian, Chinese, Russian, Spanish, and Polish.
Tickmill deposits and withdrawals
Due to the competition that exists in the Forex broker industry, Tickmill tries to stay ahead.
For this reason, the Forex company does not charge any commission for withdrawals.
All deposits starting from $5,000 or its equivalent and processed in a wire transfer transaction will also be exempt from any fee, in accordance with Tickmill’s zero-fee policy.
Plus, the company covers differences and transaction fees up to $100.
Deposits and withdrawals of funds at Tickmill can be made by bank transfer, FasaPay, Skrill, China UnionPay, VISA and MasterCard, NETELLER and Dotpay.
Deposits through credit cards, Skrill, China UnionPay, NETELLER and Dotpay are instant, while Fasapay takes 1-2 hours.
All withdrawals are generally processed within one (1) business day.
Tickmill’s supported currencies are USD, EUR, PLN, CNY, GBP, and IDR.
Additional trading tools at Tickmill
In this article in the Tickmill trading guide, we present some of the additional tools that are available to the trader. These tools are an important support since they offer additional information about the markets that can help in the decision making of the trader.
Some of the tools offered by this broker can be used on its website for free. Others are plugins that can be installed on your Metatrader 4 platform for a better user experience.
This is a tool created for traders interested in applying technical analysis studies quickly and efficiently. This program can use an advanced recognition system to review large amounts of historical data. This allows Autochartist to identify patterns as well as price support and resistance levels.
This program can be used through a Web platform accessible from the Tickmill page. There is also an installable Plugin for your Metatrader4 platform where you can apply different technical analysis tools directly on the charts.
Calendar with the most important economic events in the financial world. This tool is available on the Broker’s website, unlike other brokers such as XTB where their platforms have this tool already integrated into them.
The user can consult the economic calendar independently without even opening the platform. You can also configure the tool to your geographical time for a better synchronization when the news is published.
A VPS (Virtual Private Server) is a private server available to the most experienced traders. VPS can be used to keep Expert Advisors (EAs) operating around the clock.
So a VPS is the indicated option for your safety since it does not suffer from sudden power outages. It also does not present physical failures that could interrupt the transactions of a profitable account.
With these web tools you can make your trading calculations more easily. Tickmill offers three very useful calculators that the trader can use in his daily trades.
- Currency Converter: Convert one currency to another using the market exchange rate.
- Margin calculator: Estimate the minimum account balance you need to open a new position.
- The Pip Calculator: Determine the value of the pip in a trade and therefore your risk management strategy.
Tickmill also offers a number of free tools to its clients. Here the trader can expand their knowledge learning from the best through Webinars, Seminars, Books, Articles and Trading Videos.
You can get more information about the Tickmill broker and open a practice demo account at no cost, through the following link: