Tickmill

Tickmill was founded in 2014 and is a well-regulated NDD broker. Despite being relatively new to the industry, the broker now operates 6 offices worldwide and provides service to customers in more than 200 countries. Tickmill has multiple account types that appeal to new and experienced traders and a low minimum deposit.

Is Tickmill Regulated? Legit? Safe?

When it comes to regulation, you will be very glad to note that TickMill is well-regulated by a number of the most respected regulatory bodies in the industry. This includes the following under the various entities of the company around the world.

Tickmill UK Ltd is regulated by the FCA under the number 717270, Tickmill Ltd is regulated by the FSA, with the license number SD008, Tickmill Europe Ltd is regulated by CYSEC, with the license number 278/15, Tickmill Asia Ltd is regulated by Labuan FSA, with the license number MB/18/0028, and Tickmill South Africa (Pty) Ltd is regulated by the FSCA, with the license number FSP 49464.

The company was founded in 2014 in the Seychelles. They now have a number of offices worldwide in prominent locations as follows: London, Cyprus, South Africa, Seychelles, Malaysia, Tallinn.

What platforms does Tickmill offer?

Tickmill provides two powerful platforms:

What are the Tickmill account types?

Tickmill offers a very wide range of accounts. The Tickmill account types can be found below.

The Classic Account again is used by many traders. Here you will also have an account minimum of $100. The spreads run slightly higher with this account type, they start from 1.6 pips. On the other hand, there are no commissions to worry about.

In the RAW account you will pay commission of only $3 (or the equivalent amount in the currency of your account) per side per lot. Tickmill's standard commission is one of the lowest in the world.

Tickmill trading spreads and commissions

Variable spreads are offered by Tickmill. These tend to be very competitive and also depend on the type of account you are trading with. The starting point for spreads is 0 pips. As an example, here are some of the typical spreads you will find on major assets.

The EURUSD is around 0.1 pips, the UK100 is around 0.9 pips, the US500 is at 0.39 pips, the spread on BTC is often around 85 pips, and the spread on gold is usually near 0.09 pips.

What is the Tickmill minimum deposit?

The minimum deposit depends on the account type you choose, but it starts from $100 on both the Raw and Classic accounts.

What are the Tickmill deposit and withdrawal methods?

There are several deposit methods available to you. These include Bank transfer, Credit/Debit Card (Visa/Mastercard), Skrill, Neteller, Dotpay, PaySafe, Sofort, Rapid, PayPal, WebMoney, UnionPay, and other local methods that will depend on your location.

All deposits are processed instantly with the exception of bank wires that can be processed in one working day or sometimes a little longer.

The full list of Tickmill deposit and withdrawal methods can be found below:

Keep in mind though, that some of these payment methods may be not be available in some regions.

There are no deposit fees for you to worry about. The exception here is with bank wires, though if you deposit $5,000 or more, the broker will cover this fee. You should also check with your bank side and eWallet provider on whether they may charge any fees.

Are there bonuses or promotional offers on Tickmill?

The Tickmill bonuses and promotional offers can be found below:

• $30 welcome bonus for new clients. There is no need to deposit funds to access this bonus and it is not available for existing clients.
• Trader of the month contest. The broker chooses the best and skilled trader of the month and they can win $1000.
• Tickmill’s NFP Machine: During every NFP week, Tickmill will choose one asset and challenge clients to guess its price on the MT4 at 16:00, 30 minutes after the NFP release. If you guess correctly, you will win $500 to your trading account. If no one manages to do it, the trader with the closest prediction will win a $200 prize.

Is Tickmill good for scalping?

Yes, Tickmill is good for scalping.

In Which Countries is Tickmill not Available?

Though they do have more than 150,000 active traders and over 350,000 registered accounts around the world, there are still some areas where Tickmill does not provide service. These include both the USA and Canada at present.