Tickmill Review

Tickmill
2 kinds of bonuses
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Overview

One of the startup Forex brokers, successfully providing a trader with low spreads, STP and DMA technologies etc.

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Details

BrokerTickmill
Website URLtickmill.com
Founded2014
HeadquartersTrop-X Securities Exchange building, 3 F28-F29 Eden Plaza, Eden Island, Mahe, Republic of Seychelles
Support Number+ 852-5808-2921, + 65-3163-0958 (Seychelles), + 44-203-608-6100 (United Kingdom)
Support TypesChat, phone, email
LanguagesEnglish, Russian, Indonesian, Spanish, Italian, Thai, Malaysian, Portuguese, Chinese, etc.
Trading PlatformMetaTrader 4, Web Trader
Minimum 1st Deposit$100
Minimum Trade Amount0,1$
Bonus2 kinds of bonuses
Leverage1:500
Spreadfrom 0.0 points
Free Demo Account Open Demo
Regulated Yes
RegulationFCA (№ SD008)
Account TypesDemo, Classic, Pro, VIP
Deposit MethodsBank transfers, credit, debit cards Visa, MasterCard, Neteller, Skrill
Withdrawal MethodsBank transfers, credit, debit cards Visa, MasterCard, Neteller, Skrill
Number of Assets60+
Types of AssetsForex, CFD, valuable metals, indices, bonds, cryptocurrency (Bitcoin)
Account CurrencyUSD, EUR, GBP, PLN
US Traders Allowed No
Mobile Trading Yes
Overall Score3/10

Full Review


Tickmill is one of the startup Forex brokers of the financial market, which has been working successfully since 2014, offering for a trader a «new trading approach» (the quote from the company’s official website) with low spreads, capacities of STP and DMA technologies, clear trading process, no re-quotations, innovative solutions.

And yet, is Tickmill a scam or a dignified startup broker, which is certainly worth to be looked at? We answer this question in the detailed broker review.

 

Terms of trade with Tickmill

Tickmill is a trending broker with headquarters in UK and representational offices in Estonia, on Seychelles etc., successfully providing services in trading currencies and precious metals to retail clients and marquee investors in the Forex market. Today the company, despite of being yet a very startup, is a technology-packed ECN-broker created by traders for traders, making online trading gainful and comfortable. For the company work the top-sawyers only, Forex trading in financial markets from Asia to North America since 1994, this experience helps the broker in effective enhancement of the really quality service, providing the best and differing from its competitors.

Due to DMA, NDD, ECN and STP technologies traders get the direct access to the best liquidity suppliers with favorable prices (Commerzbank, HSBC, Credit Suisse, JPMorgan, BNP Paribas etc.). Please note among the advantages of the broker also the scalping option, along with automated trading, hedging, phone dealing, up-to-date trading services (Autochartist, VPS-hosting, swap-free account, Autotrade etc.).

Safe software provision is one of the main company focuses. So the broker provides its customer with the latest online trading technologies only: the popular terminal MetaTrader4, which won the trust and can continuously process any amount of trader’s orders in various market conditions. Both, newcomers of the market and professionals will be concerned about quality training materials, customized trading training, video lessons, webinars.

 

Deposit and withdrawal

Tickmill offers various deposit and withdrawal ways. To deposit you need to sign up by broker and replenish the sum by any convenient way (minimal deposit is 100$) of the list of the payment systems offered by company:

  • Bank transfers,
  • Credit, debit cards Visa, MasterCard,
  • Payment terminal (Neteller, Skrill).

Please note that there are yet just a few ways for deposit and withdrawal, there is no even Webmoney, which is so popular by traders. The account may be opened in any of currencies at option: USD, EUR, GBP. The withdrawal is possible for recognized and verified traders only, through the payment system used for deposit, too. The withdrawal speed: within one business day. There is no commission for all withdrawal options, just the extra pay may be charged by payment systems.

 

Tickmill bonuses

Any trader of the company can get 2 kinds of bonuses:

  • Welcome bonus 30$

The broker offers a gainful welcome bonus of 30$ for the newcomers of the platform. Taking part on the offer will let you test the potential of dealing with the company with no risk for your own funds. The bonus may be used just once, you also can create just one query for transfer of funds from the bonus trading. Ask your account manager about the criteria of taking part on the offer.

  • Traders of the month: 1 000$ for a winner

The profitable contest with a solid prize pool takes place every month, 1 000$ may be won by two best traders, by selecting a winner not only profit, but also risk management system is considered. All real accounts take part on the contest automatically. The contest participation results are published and publicly available on the «Fame wall». Ask your account manager about the criteria of taking part on the contest.

 

Complaints about Tickmill

Tickmill is a startup Forex broker, yet has enough various references in Internet. Some traders point the transparency, solid track record and reliability among the advantages of the broker, providing one of the cheap trading accesses, quality technical support, stable terminal operation (no re-quotations and slippages), favorable trading terms (low spreads, quick orders execution, nice liquidity, stable quotations), numerous materials on the website, deposit and withdrawal procedures in due time fixed by broker, user friendly personal account, quick verification procedure, insightful fundamental reviews and quality analytics, no withdrawal commissions, scalping options. Traders trust the company, recommend it.

There are also negative comments concerning withdrawal issues, inconvenient personal account, no contact with technical support, terminal deadlocks, slippages. Besides, the broker’s agent is rarely to see on forums, to resolve the negative issues and users problems. To avoid the negative dealing with the company, ask your account manager about the account verification terms, guideline for using bonuses and withdrawal aspects. Please point also that the broker has yet to find and win its audience, which means there will be more references about it and its early to draw any conclusions now.

If we find complaints about Tickmill, we will post it on social media. Follow us to be well informed:

 

Tickmill broker regulator

Tickmill possess some solid licenses, which make trading with the company safe and secured. The broker is a member of the company Tmill UK Limited, which is subject to regulation of the Financial Supervision Agency of UK (FCA, № 717270). The company possesses also the FSA license of Seychelles (Tickmill Ltd Seychelles, № SD008), is registered in Estonian Ministry of Economic Affairs (№ VVT000289).

 

Is Tickmill a scam?

Despite the fact that Tickmill is a startup company in the market of Forex-services and has yet to show its potential and capacities, it already won the user’s trust, has the image of safe and stable company, which differs it from paper brokers (truth about Forex). There is a large number of references about the broker in Internet, besides they are more positive, this proves the commitment of the company, which main concern is to provide its user with the best conditions only (low spreads, accurate quotations, automated trading option, low entry threshold etc.). Traders recommend the broker, point the company as one of the main lowcosters of trading, which also describes it positive. Please note also that there is a company representative working on negative feedback, he is inactive though.

The quality service issue is of great importance for the company. So the broker offers for trading the terminal Metatrader 4, tested by millions of traders, securing the stable trade, which got positive references from the company customers. Among the advantages of the broker are provision of trading tools, services, bonuses, professional technical support, this is to say about the well considered strategy of cooperation with the customer.

Also worth noting is that the Tickmill official website, which is user friendly, contains a lot of helpful materials about the company, trading terms, licenses, analytics and training information. The solid certification of Tickmill is also a significant point of confidence for a user.

Shall we say that Tickmill is a scam lottery and a bucket shop? Despite of the fact that the broker is the one of the startup brokers in Forex market, it managed to give a solid performance already, proving its stability and commitment to stated aims. And yet, at this stage of the company growth it is too early to draw conclusions, if Tickmill is a scam artist or not, but you can protect yourself properly dealing with your account manager.

 

Summary

The Forex broker Tickmill is a startup, rapidly growing company with all chances for the leadership among its competitors. Even now it has the image of a successful and stable company, numerous positive comments (about favorable trading terms, quality service, professional support service etc.) and references from customers, this is in a lot of ways to say that the broker is on the right path of development.

The safe terminal, gainful bonuses, quality analytics, training option – all this also describes the broker in a positive way. The company has negative references, too, not that much though, besides there is a broker’s agent working on forums. It is to be hoped that the company plans to attend to customers references and enhance its service keeping the pace of its successful start. It is fair to say that Tickmill didn’t yet profile itself at full breath, it is early to appraise it as a reliable or a fraudulent company. Yet the feedback from traders, which we expect to this review, may not only change broker ratings significantly, but caution users against possible problems, too.

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