Tickmill Information
Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in 60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options with three choices of trading accounts, which are the Classic, Raw, and Tickmill Trader Raw accounts. The available trading platforms include MetaTrader4/5 and Tickmill Trader.
What Type of Broker is Tickmill?
Tickmill operates as a no dealing desk (NDD) broker. This means that the broker doesn't take the other side of clients' trades but instead passes them on to liquidity providers. Tickmill offers both retail and institutional trading services and provides access to a wide range of financial instruments. They also offer various trading platforms and account types to suit different trading styles and needs.
Pros & Cons
Tickmill is a reputable and reliable broker that offers competitive trading conditions and a wide range of trading instruments. Its low spreads and fees, multiple account types, various trading platforms and rich tarding tools and educational resources are attractive to traders of all levels.
However, Tickmill is not available in all countries, and their customer support operates within specific working hours (Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time). It's important for potential users to verify these details ahead of registration.
Nevertheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.
Is Tickmill Safe?
Tickmill is a regulated broker that holds licenses from respected financial authorities, including
Financial Conduct Authority (FCA, No. 717270), Cyprus Securities and Exchange Commission (CYSEC, No. 278/15), Financial Sector Conduct Authority (FSCA, No. 49464), and Labuan Financial Services Authority (LFSA, No. MB/18/0028).
This indicates that it complies with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2014 and has gained a good reputation in the industry, which suggests that they are a legitimate broker.
How are You Protected?
Tickmill uses segregated accounts to keep client funds separate from its operational funds, which provides an additional layer of protection in case of the company's insolvency.
Tickmill also uses advanced security protocols and encryption technology to protect clients' personal and financial information.
The company also offers negative balance protection, which ensures that clients cannot lose more than their account balance, and it has a compensation scheme in place that can provide additional protection to eligible clients in case of the company's insolvency.
More details can be found in the table below:
Note that this table is not exhaustive and there may be other protections or security measures in place at Tickmill.
Our Conclusion on Tickmill Reliability:
Based on the information available, Tickmill appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Market Instruments
Tickmill is a comprehensive trading platform that offers a wide range financial instruments. Their offerings include over 60 forex currency pairs, more than 15 stock indices, 500+ stocks and ETFs, bonds, various commodities including precious metals and energies, cryptocurrencies, as well as futures and options such as S&P 500, DJIA, and NASDAQ. These options provide users with the flexibility to diversify their investment portfolio.
Account Type/Fees
Tickmill offers three account types, including Classic, Raw, and Tickmill Trader Raw.
All account types at Tickmill offer access to the same range of trading instruments. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law.
Prior to committing to various live trading accounts, clients have the option to explore Go Markets' offerings through the provided demo accounts, allowing them to familiarize themselves with the trading environment before engaging in real trading activities.
How to Open an Account?
Step 1: Register
Click on ‘Create account’. Enter your personal details and check your email for verification.
Step 2: Upload Documents
Submit your Proof of Identity and Proof of Address to complete registration.
Step 3: Fund and Choose Platform
Open a trading account, deposit to your Tickmill wallet, transfer funds from your Tickmill wallet to your live trading account and download the trading platform of your choice to start trading.
Leverage
Tickmill offers flexible leverage ranging from 1:1 to 1:1000, depending on the account type and the instrument traded.
Bear in mind that higher leverage levels increase the potential profits but also increase the potential losses, so it's important to use leverage carefully and manage risk appropriately.
Trading Platforms
Tickmill offers several trading platforms for its clients, including:
- MetaTrader 4 (MT4): This is a popular trading platform among forex traders due to its advanced charting capabilities, numerous technical indicators, and ability to run automated trading strategies.
- MetaTrader 5 (MT5): This is an upgraded version of MT4, offering additional features such as more timeframes, depth of market, and the ability to trade other instruments such as stocks and commodities.
- Tickmill Trader: This is a proprietary platform developed by Tickmill, offering a user-friendly interface, advanced charting tools, and the ability to trade directly from charts.
Overall, Tickmill's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
Copy Trading
Tickmill offers copy trading features. This allows less experienced traders to copy the trades of more experienced traders, potentially increasing their chances of making profitable trades. It's a strategy often used by new traders or those looking to diversify their trading. You can copy top traders on Tickmill's website.
Deposits & Withdrawals
Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Tickmill accepts payments via Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, and WebMoney.
It does not charge any fees for deposits or withdrawals. However, clients are advised to check with their payment providers for any transaction fees that may apply at their end. Most deposits are instant, while the typical withdrawal processing time is within 1 working day.
Minimum deposit requirement
As we have mentioned before, the minimum deposit with Tickmill is $/€/£/R100 for all account types.
Tickmill minimum deposit vs other brokers
Conclusion
Overall, Tickmill is a good option for traders who are looking for a reliable and transparent broker with competitive trading conditions. Some of the advantages of Tickmill include its strong regulatory framework, low trading fees, a wide range of trading instruments, multiple trading platforms, and excellent customer support.
It is particularly suitable for experienced traders who are looking for a broker that provides access to a variety of markets and trading instruments, as well as competitive trading conditions. Additionally, Tickmill's demo account allows traders to test their strategies and trading skills before investing real money.
2024 SkyLine Thailand
FX7357379532
Malaysia
I am writing to formally file a complaint against Tickmill [https://secure.tickmill.tech/en/login] regarding unfair and unlawful restrictions placed on my trading account. Despite generating legitimate trading profits, Tickmill has refused to process my full withdrawal, only returning a portion of my initial deposit without any clear justification. My account details: - Full Name: MUHAMMAD IBNOR HANAFI BIN JASMI - Account Number: 55714253 Attached are relevant documents, including: - Transaction history and profit records - Withdrawal request and rejection notices - Communication records with Tickmill support I kindly request the regulatory authority to investigate this matter and hold Tickmill accountable for its obligations towards its clients. Sincerely, [MUHAMMAD IBNOR HANAFI]
Exposure
In a week
FX2058568128
Malaysia
this broker is really scammer i been withdraw and waiting for long also cannot approve. please dont open and trade with this tickmill
Exposure
02-07
Dân Nguyễn Văn
South Korea
Tried to withdraw in every way but waited for more than 24 hours.
Exposure
02-04
Ahmad182
Taiwan
The company for various reasons could not return my money after 10 days. I am very disappointed with this.
Exposure
2024-11-27
mrkenn
Malaysia
i went in to sell entry on btc/usd at 12:00 am 24/11/24 At 12:30 am the market suddenly stopped moving, I have already checked the news today, there is no news and I also tried to close but cant, "off quotes", even after switching to wifi it still doesn't work, I waited until 1 o'clock and the market moved and my account was lost/mc
Exposure
2024-11-24
Ahmad182
Taiwan
can make a deposit. but can't withdraw with the same method.... I don't know whether the money will be returned or not..
Exposure
2024-11-22
M I
Indonesia
It has been 3 days and there has been no response to the withdrawal process. I will proceed with legal action. They are not taking any responsibility at all.
Exposure
2024-11-11
M I
Indonesia
Initially, I deposited a sum of 63 dollars. However, I was unable to trade on the server provided by Tickmill. Because of that, I haven't had the chance to trade, and in the end, I wanted to withdraw. But the minimum withdrawal amount is 80 dollars because I want to withdraw my money. I deposited again with a sum of 63 dollars. However, after 24 hours, they did not respond at all, and I feel this is a scam. I hope there will be a petition for legal action.
Exposure
2024-11-09
黃先德
Taiwan
Deposit in four minutes Withdrawal request made three times without results and rejected Deposit operation takes about one week Failed to withdraw after one week Originally withdrew 1555 remittance 555usdt The platform rejected 555usdt and stated that the same deposit method should be used for withdrawal As a result, the withdrawal of this 1555 using the same method was also rejected (originally used remittance for withdrawal, still remittance) Reason for rejection as shown in the picture After consulting customer service and reapplying, the withdrawal was still rejected This time, the reason for rejection was not explained, and customer service and email did not respond Even a small amount of $2110 can encounter fraud
Exposure
2024-08-17
Star2430
Taiwan
Hello, my MT4 account: 5090655, Order ID: 40550969 This order was established on 2024.07.08 at 15:41:22, and I did not execute the closure; this account is managed under a copy trading system, another account also managed was normally closed on 2024.07.09 at 08:58:08. This order incurred a holding fee, and the email daily report also showed it as open at that time. This order was closed without cause on 2024.07.09 at 00:08:41 at a price of 1.28236. Reviewing the historical data near 00:08 on 07.09 for GBPUSD, the price should have been between 1.28057~1.28067, which is significantly different from the closing price of 1.28236. Upon discovering the unwarranted closure of the order, I immediately contacted Tickmill customer service via the official website within two hours; having received no response, I again reported the issue on the official website on the following day, 2024.07.09, and ultimately only received two call-back request forms.
Exposure
2024-07-18
FX1840849093
Uganda
They give me welcome account and l made profit of 86$..I was requested to create live account but they disapproved it saying I sent invalid document..I see it as being unfair because why reject account after making profit.
Exposure
2024-07-10
ivan3366
Malaysia
On June 4, 2024, I sold at 1.76035 in EURNZD. Because I use H1/H4 to make orders with my own unprofessional analysis. The next day, June 5, the order was about to make a profit. So I made an order in another account, with 200 US dollars in the account. I placed an order for 0.10 sell, at around 1.76035. On the third day (June 6), when I got up and checked my phone, my account was liquidated. I set S/L at 1.76700. But when I looked at my order, S/L was 1.79135, as shown in the figure below. I was completely confused. I asked the customer service about this matter, and the customer service email came more than a dozen times. The same content: it was at the opening time, so "the spread was wide". I think the daily spread within 15 is proper, and only on the night of June 6 did a spread of 3000 pips appear. Here is my proof. I need to use H4/D1 pictures to see the buy and sell pips. It's outrageous, so I want to expose it. I hope someone can tell me how to deal with this matter, or I can only accept it.
Exposure
2024-06-10
jikaytrader
Vietnam
Self-cut customer orders by lowering leverage. I was holding the order when I suddenly lowered the leverage from 1:1000 to 1:50. So stop out. However, when asked to interfere with the customer's orders, he refused. Scam
Exposure
2024-05-07
Rick9759
Malaysia
No Action been taken from tickmill.
Exposure
2024-03-28
JWF
United States
This website falsely promotes and clones the Tickmill platform. Everyone must be careful. This company has changed its company name 4 times.
Exposure
2024-03-15
JWF
United States
They want my to pay 4000USD to eliminate my account then let me withdraw my 6000USD out normally.
Exposure
2024-03-10
raveesh84
India
Tickmill is not giving withdrawal of 1186.27$ in our account and their support team is also not responding. The amount has been earned legitimately by offering copy trading using their own copy trade platform. They are very unprofessional and they often do such things with large amount withdrawals. I urge clients from India to stay away from this scam broker.
Exposure
2024-02-20
server
Turkey
Hello,i am a trader who has been trading in the forex market for 9 years.i had xauusd and open positions on 03/12/2023. there were 0.30 lot sales and 0.20 lot purchases available on the night of 03/12/2023, XAUUSD appreciated very aggressively overnight and I only have 300 USD of equity left.i added 0.10 lot purchases from 2108.55 and had 0.30 sales and 0.30 purchases, and although I balanced my account 100%, they played with the spread difference and exhausted my margin, they started closing my transactions automatically around 2145.As a result, it is very clear that they are playing with a SPREAD with $300 equity in my account, and therefore my transactions are closed. At the same time, there were 4 other accounts connected to this account ( WITH COPY TRADE). in other words, by performing a trick, they damaged 5 accounts at the same time.
Exposure
2024-01-26
Henri54736
Singapore
I applied to withdraw 1,200 USD, but was only given 350 USD. I've been waiting for a week and it still hasn't come out. It keeps asking me to wait.
Exposure
2024-01-04
lee1939
Malaysia
Inventory fee loss of US$440.5 Direct loss: US$21,121.15 Total loss due to platform problems: US$21,561.65, total trading volume 1.3 standard lots On December 2 (Saturday), I tried to make a deposit. Although it was successfully deposited, it was deposited by the Tickmill system. When it arrived in the wallet, the funds were not deposited into the trading account as required. I thought it was me. So, I made a second deposit, and I was very sure that I chose to deposit it in the trading account, but it was once again deposited in the wallet by Tickmill. Subsequently, I chose to transfer funds from the wallet to the trading account but was consistently rejected by the Ticmkll system. I immediately contacted their customer service via email to inform them of the situation, requesting that my funds be transferred to the trading account before the market opens on Monday. I also received a reply from customer service. Tickmill customer service is aware of my situation and will notify relevant personnel of the customer service response. The department will handle it as soon as possible. (In the subsequent email communication, Tickmill admitted that there was a problem with their system, so they could not deposit into the trading account! Moreover, Tickmill customer service also informed me that they would help me transfer it, but Tickmill did not process my request!) December 3 (Sunday) Because I was afraid that Tickmill wanted me to liquidate my position and would not transfer my funds to the trading account, I borrowed money from a friend and successfully deposited 4,000 USD into the trading account. However, the 6362.94 USD that had been deposited in the wallet on Saturday still could not be deposited into the trading account. December 4 (Monday) Sure enough, Tcikmill refused to transfer the funds to my trading account, and in the end, I lost all my funds in the liquidation. Throughout the incident, from the beginning to the end, I was in constant contact with customer service and informed them of my requirements very clearly. They delayed me for half a month, and the final reply they gave me was "This is a problem with the deposit channel and has nothing to do with their company, and deposits on Sundays are normal. Although the money cannot be transferred to the wallet on Saturdays, you can continue to deposit on Sundays." Money, so it is the customer's problem and has nothing to do with the company." 1. The money was deposited into the trading account on Saturday. It failed due to company problems and was not transferred to my trading account. It is a company problem and Tickmill does not bear responsibility! 2. I contacted customer service on Saturday. Tickmill also knew about my appeal, but they did not assist according to my request! If the customer service says it won't be processed, I will continue to borrow money and use the card to deposit money on Sunday. But just because of the reply from customer service, I thought the company would help me transfer it to my trading account. I trusted the company, but I was wrong. I have no choice because I am a Chinese customer and there is no fair place to help me. This platform is the most disgusting garbage platform I have ever seen! I sincerely remind all customers who want to trade on this platform that when I encounter a problem with such clear responsibilities, the company can shirk it completely. Think about whether you will still choose this garbage platform! All my savings have been stolen by the platform, which I cannot accept!
Exposure
2023-12-27