Tickmill is regulated by different authorities.In the UK they are regulated by the FCA, in Europe they are regulated by CySec and are also regulated by the FSA in Seychelles. This all adds up to the fact that they are trusted. They are one of the best forex providers in the world.
Digital protection comes from cyber-security, which is aimed at protecting user data and securing the payment gateways used for account deposits and withdrawals.
Protection of funds is another important factor to earn trust. Regulations by CySEC and the FCA require all funds belonging to clients to be segregated in selected banks, away from the operational funds of the company. Furthermore, investor compensation fund membership by the broker is mandatory. Tickmill is a member of CySec’s Investor Compensation Fund, as well as the FCA’s Financial Services Compensation Scheme (FSCS). Such funds are pooled from contributions by regulated brokers, and can provide compensation to investors if financial impropriety causing loss of traders’ funds is proven. Furthermore, they also traders negative balance protection. This means that a trader’s account can never go into minus – a very good feature for traders.
Traders can open different account types, depending on their needs.
Classic account holders are offered fixed spreads that start from 1.6 pips (EUR/USD), a $100 minimum account deposit and a minimum trade volume of 0.01 lots. Leverage provision is 1:30 for Tickmill UK and 1:500 for Tickmill Seychelles. Trading is also commission-free, with an option of swap-free Islamic account.
The Pro account is the most popular of the three account types. Traders who operate the Pro account get access to all the features of the Classic account, but with the added advantage of having spreads that are as low as 0.0 pips. Pro Account holders pay 2 units of currency per standard lot traded as commission and also have the same leverage provisions as Classic account holders.
In addition to the features of the Pro account, VIP account holders require a minimum balance of 50 000 units of the account currency. Commissions paid on trades are lower; only 1 currency unit per standard lot is paid. There is also the option of the swap-free Islamic account variation for this account type. Maximum leverage provision also stands at 1:30 and 1:500 for the Tickmill UK and Seychelles locations respectively.
A demo account is also available.
Tickmill offers a range of deposit and withdrawal options. VISA and MasterCard transactions are processed in 1 business day. Bank wires come with a processing time of 1-2 days and are available globally. Vietnamese and Thai clients of Tickmill Seychelles have access to instant, online bank transfers. Different e-wallet methods are available: Skrill, Neteller, PaySafeCard, Fasapay, China UnionPay, Dotpay, Qiwi Wallet, NganLuong and GlobePay. Of these options, Skrill, DotPay and Neteller are available globally, while other methods are specific to clients of Tickmill Seychelles Ltd. Processing time is 1 working day for all e-wallet methods.
Tickmill charges no fees for deposit and withdrawals although bank wires must be at least $5000. Minimum withdrawal amount for all methods is 10 units of currency. Currencies usable on Tickmill include Euros, US Dollars, Polish Zloty, British Pounds, Chinese Yuan (for China UnionPay), Rubles (for Qiwi Wallet) and Indian Rupees for FasaPay.
The company also offers various tools to their clients. Autochartist is the automated chart pattern recognition tool that comes as a downloadable MT4 plug-in, Tickmill VPS, is a tool that provides for low latency trading with an EA even when the trader’s parent computer is off. It comes in three packages (Gold, Silver and Bronze), and costs £69, £39 and £22 a month respectively. There is also a managed VPS service which costs £22 monthly, Myfxbook can be used to keep records of trading activity of EAs and manual trades, a forex calendar and forex calculators (margin calculator, pip calculator and currency converter).
Only a $30 welcome bonus is available to Tickmill Seychelles clients. However, promotions are also run on Tickmill Seychelles. The Trader of the Month award goes to the most outstanding trader, who is provided with a trading credit of $1000. The Tickmill NFP machine is a prediction promo. A trader is given an asset and asked to predict the price, 30 minutes after the NFP is released. An accurate prediction comes with a $500 price, while a prediction close to the price attracts a $200 prize.
Support is available in 14 languages. It is available via live chat, phone, email, social media and callback request.
Staying up-to-date is essential for traders. As such Tickmill provide a valuable service. Traders are provided market news as well as the economic news calendar. The news tab also provides some action insight from an unknown research source.
Education is provided through webinars, video tutorials and articles.
Click here to open an account.
Forex trading carries a risk of capital loss.