Is Tickmill Good?: The Review of Tickmill Pros and Cons [Summary of Overview Information from Real Trading Experiences]

Important Details of Tickmill Broker
Broker Name Tickmill
Website tickmill.com
Year of Establishment 2014
Regulatory Organization FCA, FSA, CySec, LFSA, FSCA
Leverage Maximum 1:500
Spread EURUSD 7, USDJPY 5, GBPUSD 7
Platform MT4, WebTrader

Tickmill is ranked 4th in The Best Forex Broker Ranking 2022

Tickmill Information

Head Office

Tickmill does not have a head office but there are offices scattered around the world, according to the license held.

FSA

Address : 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles

LFSA

Address : Office No. 5, Unit 25,1st floor Paragon Labuan, Jalan Tun Mustapha, 87007 Labuan F.T., Malaysia

FCA

Address : 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ

CySec

Address : Kedron 9, Mesa Geitonia, Limassol 4004, Cyprus

Trading Products

  • Forex:
  • Gold:
  • Petroleum:
  • Index:
  • Cryptocurrency: –
  • Stock: –
  • Other Commodities: –
  • Bond: 

Broker type

Tickmill uses STP broker operation which is NDD (Non-Dealing Desk) style.

More Details

STP broker (straight through process) means that ECN and other methods of processing orders will be used and the company must abide by the best execution policy because it is a legal requirement. This means that with every execution, the system will spreads, commissions, swap, etc. In order to keep the trading costs as best as possible, sometimes we use ECN execution. (i.e. Sending orders to LPs, sometimes processing non ECN companies, i.e. banks, liquidity aggregators, hedge funds etc.).

Bonuses and Promotions:

  • Welcome account: 30 usd for new customers who have never opened an account with Tickmill.
  • Rebate bonuses are distributed periodically, usually held in the middle of the year.

Contact Details

     

Trading Platform

  • MT4 : Windows, MacOS, Android, iOS และ Linux
  • WebTrader

Tickmill Review

Tickmill is the No. 1 broker in terms of “Trading Capital”, Spread + Commission on PRO accounts is very minimal. Great for short-term traders, day trading and scalping.

Opening-closing orders are quite fast. Server is fast and has high stability.

Another advantage of this broker is that it is very easy to open an account, but the disadvantage is that it takes a long time to verify your identity.

Advantages

Spread fee is very low

Tickmill PRO account is ranked 1st in the ranking of the lowest Forex Brokers (Spread + Commission + Swap fees) (Click to see details).

Quickly open and close orders

Trading delay of 0.2 seconds, relatively fast, no lag.

Easy to use website

The website offers easy to understand information, is well managed. There is also a media presentation format or interesting body of knowledge.

Applying for an account is very easy

Easy account opening but need to wait for an approval.

Disadvantages

Long verification time

It takes about 2 days to verify identity documents.

Long wait for Live chat

In the system, it says only 2 minutes interval, but actually, it’s a very long wait.

The commission for each PRO account is different for each currency pair
  • EURUSD : 4 usd/lot
  • USDJPY : 4 usd/lot
  • GBPUSD : 5 usd/lot
  • USDCHF : 4 usd/lot
  • USDCAD : 4 usd/lot
  • AUDUSD : 3 usd/lot
  • NZDUSD : 2 usd/lot
  • XAUUSD : 7 usd/lot

Is Tickmill service fee high or low ? ( SPREAD, COMMISSION, SWAP)

PRO account type

Tickmill is the broker with the lowest average spread (commission included) based on 43 tested accounts of over 17 brokers, especially the major currency pairs; GBPUSD, USDCHF, USDCAD, AUDUSD and NZDUSD that Tickmill Pro accounts has the lowest spread fee among all brokers.

As for swap fee, Tickmill might not be able to compete with Exness and Land-Fx as Tickmill’s swap fee isn’t that low, but with better spreads, Tickmill comes in the 1st rank.

Therefore, Tickmill is very suitable for traders who trade for short-term speculation that is completed within the day.

Sample Spread of Tickmill – Left: Classic  | Right: Pro

Average Spread over the 7 major currency pairs of Tickmill

tickmill Spread

Swap Fee over 7 major currency pairs of Tickmill

swap-tickmill

Commission Fee on Tickmill Pro account

  • EURUSD : 4 usd/lot
  • USDJPY : 4 usd/lot
  • GBPUSD : 5 usd/lot
  • USDCHF : 4 usd/lot
  • USDCAD : 4 usd/lot
  • AUDUSD : 3 usd/lot
  • NZDUSD : 2 usd/lot
  • XAUUSD : 7 usd/lot

(The commission fee for each currency pair is varies)

Is Tickmill reliable and reputable ?

Tickmill is a broker that has recently started its operation, starting business since 2014, it still required some time to prove themselves.

The overall composition is considered proper. The company is ready to provide services. It is believed that if Tickmill continues to develop, there is an opportunity to be the top broker in the world.

Year of Establishment : 2014

License Certificate (Regulator)

1. FSA SC (Seychelles Financial Services Authority)

2. FCA UK (Financial Conduct Authority)

  • License Certificate No: 717270 (สำหรับ Tickmill UK Ltd)
  • License Certificate No: 733772 (สำหรับ Tickmill Europe Limited)
  • You can become a member of the FSCS, which protects customers’ funds for compensation in case of company bankruptcy up to £85,000 : Click to see details
  • Click to view the License Certificate

3. CySec (Cyprus Securities and Exchange Commission)

  • License Certificate No: 278/15
  • Tickmill Europe Ltd
  • Coverage of €20,000 in case of bankruptcy of the company.
  • Click to view the License Certificate
  • Countries that provide services under this license

cysec tickmill

4. LFSA (Labuan Financial Services Authority )

5. FSCA (Financial Sector Conduct Authority)

  • License Certificate No: FSP 49464
  • Tickmill South Africa (Pty) Ltd

Head Office

Tickmill does not have  head office in but there are offices scattered around the world, according to the license held.

FSA

Address : 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles

LFSA

Address : Office No. 5, Unit 25,1st floor Paragon Labuan, Jalan Tun Mustapha, 87007 Labuan F.T., Malaysia

FCA

Address : 3rd Floor, 27 – 32 Old Jewry, London, England, EC2R 8DQ

CySec

Address : Kedron 9, Mesa Geitonia, Limassol 4004, Cyprus

Employee Number : 51-200 persons

(A total of 278 employees are active on LinkedIn)

Customer capital protection 

Under the supervision of Tickmill’s regulator, the company shall separate the customers’ funds from the company’s account to protect customer assets.

  • For Tickmill UK Ltd., customers will receive £85,000 worth of coverage.
  • For Tickmill Europe Ltd., eligible customers will be insured for €20,000 (per person) or 90% of the invested amount to be reimbursed, depending on which amount is lower.

To what extent is Tickmill popular with traders all over the world ?

Even in the 9th rank, Tickmill is pretty good in terms of popularity because the number of people who reviewed and followed in different areas is quite scattered, not concentrated in one particular area.

Tickmill Reputation

35% : Forex Peace Army [Score : 3.503 | 221 Reviews]
41%
25% : Trustpilot [Score : 4.0 | 280 Reviews]
65%
25% : myfxbook [Score : 3.5 | Total Votes : 197]
59%
2.5% : Google Review [Score : 4.6 | 9 Reviews]
29%
2.5% : Facebook [176K like this]
53%
2.5% : Intragram [14.7K Followers]
65%
2.5% : Twitter [32.8K Follows]
76%
2.5% : Youtube [21.1K subscribers]
59%
2.5% : Linkedin [23,380 followers]
88%

Tickmill Services

Everything is proper except waiting for approval to open an account for the first time, which takes no more than 48 hours (so we need to deduct the score in this aspect).

In general, after applying, you can use it right away, without having to wait for approval.

Applying for an account is very easy. But when the application is complete, the first account opening approval must be waited for no more than 48 hours.

The average application time is approximately 4 days.

(Easy to apply, but long waiting time for approval)

The website is very interesting and is fast without delay. There is a lot of information to study such as knowledge, education and tools.

Especially in Infographics that are designed to be very interesting with insights into the financial world, trading tips, and many essential articles.

Support staff provide clear answers, and are able to solve problems well.

Live chat 

Live chat : tickmill.com

Live chat can sometimes take a long time.

Available in over 18 languages ​​(lots of them).

For Live chat on Tickmill, there is a system to send a copy of the chat memo via email.

Email : [email protected]

Tickmill Trading Experience

The PRO account is the account with the lowest spread fee among all the brokers we tested, the server is quite fast, the delay is only about 0.2-0.5 second.

Apichart T.

Proper opening and closing orders, fast with only 0.2 sec. delay. Spread fee is very low (Pro account, Spread + Comm. is the lowest). Suitable for short-term traders.

Yoya Yoshida

Fast trading, takes a little longer to sign up, about 4 working days.

Attawat Rx

Recommend a Pro account, as the minimum deposit is only 100$, better trading smoothness and the speed of opening and closing orders than the classic account and the total service fee (Spread + Commission fees) is also much lower.

Parichat B.

The Pro account secretly deducts the swap fee, with every major currency pair besides USDCHF negative for both long and short.

Sila T.

The broker has a high reputation, but not so suitable for Thai people. The deposit and withdrawal process are still not conducive to Thai people.

Uaiporn R.

Commission fee for Pro accounts is not all the same as stated.

Tickmill Conclusion

Tickmill is ranked the 4th in The Best Forex Broker Ranking 2022

References

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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