Broker Tickmill, this is an emerging forex broker in recent years. Tickmill has UK FCA license and Cyprus CySEC and Seychelles FSA license. Due to market expansion, as recently as May 2020, Tickmill applied for an additional FSA license in Labuan Malaysia.
Around same time, at Tickmill added financial trading pairs to make up for previous flaws. Tickmill’s highlight at Tickmill is very low commission (lowest 2.5 USD / lot).
What is Tickmill? Which year was established?
Tickmill was discovered in 2015. As a broker that offers Forex and CFD trading products in stock, gold and energy indices. Broker Tickmill is a No dealing desk, which is an intermediary executing client orders to a liquid provider.
Tickmill is predecessor of broker named Armada. From 2015, Armada will focus primarily on providing liquidity and services to banks, brokers and hedge funds. Tickmill will also serve retail traders.
Tickmill regulation
FCA license by Tickmill UK:
Tickmill is regulated under UK Financial Authority (FCA) number 717270, under brand name Tickmill UK Ltd. Office at 3rd Floor, 27 – 32 Old Jewry, London EC2R 8DQ, England)
CySEC license by Tickmill EU:
Tickmill Europe Ltd brand, is a member of Cyprus Securities and Exchange Commission (CySEC), license number 278/15 and offices in Kedron 9, Mesa Geitonia, 4004 Limassol, Cyprus).
FSA license by Tickmill Seychelles:
Tickmill Ltd brand, license number SD008 and registered office at F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles.
Tickmill’s Client Insurance Policy
Tickmill UK Ltd is a member of Financial Services Compensation Scheme.
FSCS is an independent compensation fund, which is ultimate protection for clients of UK authorized financial services firms, established under Financial Services and Markets Act 2012. 2000.
FSCS will be responsible for indemnifying Tickmill clients in event of broker becoming insolvent.
Investor Compensation Fund (ICF)
Tickmill Europe Ltd is a member of Investor Compensation Fund (ICF). ICF has been established as an investor compensation fund for CIF clients and its functions are governed by CySEC directive 144-2007-15.
ICF guarantees Tickmill clients to be compensated for any claims arising in event that Tickmill fails to perform its obligations.
Tickmill’s Trader Insurance
Being regulated by financial authorities such as FSA, FCA, and CySEC means that Tickmill must ensure compliance with regulations on insurance for its clients.
Tickmill insures liability to its customers and third parties with a civil liability insurance program that includes coverage against errors, fraud and many other risks of loss.
Segregated accounts
Segregated accounts mechanism ensures safety of customer’s account, Tickmill will not be allowed to use customer’s account for any activities, and it is also proof of customer compensation according to regulations. in event of Tickmill insolvency.
Client funds are transferred entirely to bank accounts, separate from those used by company.
No negative balance
Tickmill is one of forex brokers that has a policy of protecting client accounts from negative balances, meaning “even in highly volatile market conditions that make margin and stoploss no longer work properly. As such, Tickmill customers also do not suffer any loss for negative balance payments.”
Forex market is always filled with unexpected risks that investors cannot predict. Therefore, fact that Tickmill uses negative balance protection policy for customers is a great thing and a plus point in eyes of traders around world.
Tickmill Account Types & Commissions
Includes 3 types of accounts:
Classic Account
There is no commission for trading, but spread on trading products is quite high so choosing “Pro Account” is more valuable.
Pro Account (TICKMILL ECN)
Low spreads of 0 pips or more.
Commission from 5-7 USD / lot traded. When customers open an account, choose “IB68304055”, commission will be from 3.5-5.5 USD / 1 lot.
Vip Account (TICKMILL ECN)
Spread like Pro Account, lower commission from 2-3.5 usd / 1 lot for trading pair. Conditions require huge account capital 50,000 USD or more.
| TYPES OF ACCOUNTS AT TICKMILL |
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| https://www.tickmill.com/trading/accounts-overview |
Tickmill MT4: use metatrader 4 platform
MT4 has remained world’s most popular Forex trading platform since 2005. Platform is preferred by most traders because of its user-friendliness and ability to fulfill all needs of a trader such as: indicator, Expert Advisor (EA), among others.
Some of advantages of MetaTrader 4 include:
- Tools that enable real-time technical analysis.
- Supports multi-timeframe analysis.
- Instant execution and market execution.
- Various types of orders; allows you to choose any trading strategy.
- Ability to create and test your own indicators and strategies thanks to MQL4 language.
Tips: Now, TickMill has partnered with MyFXBook to provide clients with advanced automated trading options through AutoTrade platform.
Note: Autotrade feature on Myfxbook is only accessible to clients who sign up from Tickmill’s Seychelles. As for customers in EU, there will be certain restrictions.
Trading Central Indicator
Trading Central is third party. They provide free market analysis TV channel on Tickmill’s website. Also, Tickmill has online investor training sites, with materials available on Tickmill website.
Provides free Autochartist signal service
Autochartist is also 3rd party and specializes in technical analysis. Mainly, use Chart patterns and Price Actions in their analysis. Autochartist is also a strong partner for many other forex brokers. Tickmill is no exception, in order to help investors both learn analysis and be a suggestion channel before investors make trading decisions.
“One Click Trading EA” tool
Essence is an Expert Adivor with one-click entry options: set volume, set take profit and stop loss, traling stop, allowing maximum slippage in pips. This One Click Trading EA will suit your Scalping Trader needs best of all. However, any trader who needs it can use it.
Deposit and withdrawal methods at Tickmill
Provide a variety of popular deposit methods such as Ngan Luong / Local Bank, Skill, Neteller, VISA … almost all are free.
What is tickmill minimum deposit to open an account?
To trade at Tickmill, you need a minimum capital of $ 100 or equivalent on Classic account, Pro account and as low as $ 50.000 on VIP account.
Tickmill Bonus: No deposit bonus program
Program with name shampoo $ 30 Welcome Account. This promotion is only available to new clients having opportunity to trade with free trading funds without any deposit required.
Through this free service, traders can enjoy lightning fast execution and execution. At same time you get access toaward-winning trading tools and resources.
Note that this promotion will not apply to all customers, but will depend on region.
ADVANTAGES OF TICKMILL:
- Offers very low spreads. Lowest commission can be said from 3.5 usd / 1 lot traded on Pro accounts.
- There are a variety of deposit and withdrawal methods and most are free, except for some that are charged by investor’s bank.
- Regularly
- organize free online contests: Non-Farm prediction (Non-Farm Table) per month, with prizes up to 450 USD.
DISADVANTAGES OF TICKMILL:
- There are no transaction products such as Stocks, Bonds, ETFs, Cryptocurrencies.
- Trading platform only has Metatrader 4 (Tickmill MT4).
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