Professional traders have investigated the institutions and tools you need to use while trading such as trading platforms, financial softwares and published their opinions unbiased. We aim to guide you through our professional reviews in every field you need in the financial markets
info@fxbul.com
For your questions including brokers, new account registrations, money transfers, softwares and trading platforms.
Sign up for our newsletter to get notified about future reviews.
Tickmill
Summary
Tickmill Group was established in 2014 and has 3 branches.
Tickmill UK – is regulated by the Financial Conduct Authority (FCA). Headquartered in England. License number: 717270
Tickmill Cyprus – Centrally located in Cyprus. Cyprus Securities and Exchange Commission (CySEC) regulates this company. License number: 278/15
Tickmill is controlled by Seychelles Financial Services Authority (FSA) based in Seychelles. License number: SD 008
back to menu ↑
Trading Accounts
The FSA supervised company has 4 account types. You have the opportunity to convert all accounts to Islamic (no swap) account by applying to the customer service.
back to menu ↑
Registering an Account
Tickmill accepts customers from all over the world except USA, Cuba, Iraq, Myanmar, North Korea and Sudan. When applying for an account, you are allowed to open both in the FCA-controlled UK-based company and in the branch located in the Seychelles. If you choose a UK-based account, your account will be under FCA control, so you’ll face limitations such as a maximum leverage of 1:30, no promotions such as refunds or bonuses.
Fill in your email address, date of birth, country of residence and phone numbers on this page.
Enter your address and answer a few questions about your trading experience. At this stage, as in other companies, you need to enter the address which you can prove. After opening your account, you will be asked for your address and identity documents.
After you complete the registration process, you can log in to your account from the website. You’ll need to upload two documents to verify your identity and address. You can use your passport instead of ID. When sending the ID photo, you should make sure that the corners of your ID are visible. In order to verify the address, you must either send a photo of an invoice, such as telephone, natural gas, electricity, etc. or send a residence certificate.
When you log in to your customer area, you will see a page like the one below. Your documents should be uploaded to this page.
Register an Account
back to menu ↑
Deposit and Withdrawal
No commission is charged for deposit or withdrawal at Tickmill. You may encounter the commissions requested by your own bank, but these costs have nothing to do with the company. At the same time, Tickmill enables its customers to use the most reliable payment methods to process their funds. You can see the full deposit or withdrawal options in the specification section at the bottom of the page.
back to menu ↑
Trading Platforms
Tickmill supports Webtrader, Metatader 4 and mobile versions. MT4 is considered to be the most used Forex trading platform in the world because it offers an easy-to-use user interface, various graphs and indicators. Most importantly, it supports the MQL language, which allows you to easily program indicators, strategies that can trade 24/5 on the Forex market without the need for any intervention.
back to menu ↑
Products, Spread and Commissions
At Tickmill, you can trade CFDs, 62 parity, 15 stock indexes, WTI, precious metals, bonds in your Pro account with floating spreads starting from 0.0 pips. You can see the current products and spreads (in points, 10 points = 1 pip) for the Pro account. The image was obtained during the London session, so you will often see spreads at these rates during the day. In this account, extra commission is applied according to the transaction volume (4-5 USD per lot) When evaluating the spread rates, you should consider that there is an extra commission besides the spread.
back to menu ↑
Bonuses
The promotions that were active during the review period are as follows.
back to menu ↑
Customer Service
The Tickmill customer service team is available via live chat, telephone and email. Our live chat request has been answered within 3 min. Our identity and address information documents were approved the next day. Customer representatives are available in most languages.
back to menu ↑
Conclusion
In conclusion, Tickmill was established in 2014 and is a newly accepted company. Although the FCA regulation is the number 1 indicator of reliability, it is also accepted that it comes with some limitations such as low leverage and lack of promotions. In fact being able to choose the control mechanism is a nice feature. The fact that your company is under the supervision of FCA is of course a great option in terms of capital and transaction security, but the restrictions imposed by FCA should be taken into consideration by the investor. You always have the chance to test the terms and conditions, applications and order execution by opening a free demo account at Tickmill
Register Demo Account
Tags: is Tickmill reliable, is Tickmill reliable, is Tickmill safe, is Tickmill safe, Tickmill review, Tickmill reviews, Tickmill entry, Tickmill demo, Tickmill comments, Tickmill users, Tickmill register, Tickmill open account, Tickmill login, Tickmill contact, is Tickmill regulated, Tickmill forums, Tickmill experiences, do you recommend Tickmill, Tickmill user reviews, Tickmill thoughts
Specification: Tickmill
AMarkets
Vantage Fx
IC Markets
Binance
UsgFx